Indian economy to grow by 7-7.8 pc in FY23 despite global headwinds: Experts

Indian economy to grow by 7-7.8 pc in FY23 despite global headwinds: Experts

Friday, 24 June 2022 | PTI | New Delhi

The Indian economy can grow by 7-7.8 per cent this fiscal on the back of better agriculture production and a revitalised rural economy amid global headwinds mainly due to the ongoing Russia-Ukraine war, eminent economists said. Eminent economist and BR Ambedkar School of Economics (BASE) Vice-Chancellor NR Bhanumurthy said at present...

Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Shah

Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Shah

Thursday, 23 June 2022 | PTI | New Delhi

Cooperation Minister Amit Shah on Thursday said urban cooperative banks need to focus on symmetric development and adopt modern banking methods to stay in competition. He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in the sector. Presently,...

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity

Thursday, 23 June 2022 | PTI | New Delhi,

Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of Rs 8,837 crore dues by a period of four years. The company in a late night filing on June 22, said that the DoT on June 15, has raised adjusted gross revenue (AGR) demand for...

No purchase of coal from Russia after April 20: Tata Steel

No purchase of coal from Russia after April 20: Tata Steel

Thursday, 23 June 2022 | PTI | New Delhi

Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said on Wednesday. On April 20, Tata Steel had said it would stop doing business with Russia. To ensure business...

IGIA India’s first airport to switch over to renewable energy sources: DIAL

Thursday, 23 June 2022 | Staff Reporter | NEW DELHI

Delhi Airport on Wednesday stated that it has becomes the India’s first airport to switch to renewable sources for its energy needs and  is running entirely on hydro and solar power from June 1. As per the statement released by the Delhi International Airport Limited (DIAL), this is a major step...

Emami Realty aims at 50% sales growth in FY23

Thursday, 23 June 2022 | PTI | Kolkata

 Emami Realty has projected that real estate demand will remain robust despite economic headwinds, and is aiming at a 50 per cent jump in sales to Rs 750 crore in the current fiscal, a top company official said on Wednesday. The real estate arm of the diversified Emami Group has targeted...

Jain Irrigation shares rise 17% on Rivulis deal

Thursday, 23 June 2022 | PTI | New Delhi

 Shares of Jain Irrigation Systems Ltd on Wednesday rose 17 per cent after the company said its global irrigation business will be merged with Temasek-owned Rivulis in a cash-and-stock deal, a move that will help the firm to reduce its consolidated debt. The stock jumped 17 per cent to Rs 43.90...

EVTRIC Motors launches e-bike priced at Rs 1.60 L

Thursday, 23 June 2022 | Mumbai | PTI

 maker EVTRIC Motors on Wednesday said it has rolled out its first motorcycle priced at Rs 1.60 lakh (ex-showroom). It also announced commencement of bookings for the e-bike -- EVTRIC Rise -- with an initial payment of Rs 5,000 from June 22. The motorcycle, launched during the company’s dealers’ meeting in Rajasthan...

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