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  • Business

    Urad import rules eased to avert shortage

    The industry is expecting a shortage of the lentil and has urged the Centre to remove quantitative curbs on urad. New Delhi: Sensing a likely shortage of urad dal in the months ahead, the government plans to relax the time limit for importing the commodity by three months. By the current mandate, the industry can import up to 4 lakh tonnes of urad dal, or black gram, in the current fiscal. The plan is...

    • 9 hrs ago
  • Business

    Key positions in SBI, BoB await govt okay

    Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other public sector banks. New Delhi: Though the Banks Board Bureau (BBB) has cleared the names to fill up the top decks in leading public sector banks (PSBs) like State Bank of India and Bank of Baroda, their appointments have been delayed by more than two-and-a-half months due to...

    • 9 hrs ago
  • Business

    MG Motor's e-SUV makes a splash

    Buoyed by the strong response for the electric SUV, the company has decided to prepone the launch of the SUV from January 27 to January 23. PUNE: Even as the country has not been fully geared with the adequate infrastructure like charging stations, MG Motor has already sold over 2,100 units of its upcoming electric SUV, the ZS EV is less than a month. In fact, MG Motor, the British brand owned by the Chinese...

    • 9 hrs ago
  • Business

    Over 70 per cent dip in 100 days work under MGNREGA

    MGNREGA payouts have been a key factor that has affected the rural economy adversely this year. Chennai: With just two more months to go for the financial year 2019-20 to end, the number of households which have completed 100 days of guaranteed employment under the Mahatma Gandhi National Rural Employment Guarantee scheme is down by 72 per cent. The number of person days generated too is down...

    • 9 hrs ago
  • Business

    Judge slashes USD 8 bn Risperdal award against J&J to USD 6.8 mn

    Johnson & Johnson said in October it faced lawsuits by 13,600 people over Risperdal. A Pennsylvania judge on Friday slashed to USD 6.8 million from USD 8 billion a punitive damages award against Johnson & Johnson to a man who said it failed to warn that boys using its antipsychotic drug Risperdal could grow breasts. Judge Kenneth Powell of the Philadelphia Court of Common...

    • 2 days ago
  • Business

    SC rejects plea for relief on USD 13 billion telco levy; Vodafone tumbles

    Shares in Vodafone Idea tumbled as much as 40 pc to a 2-month low on Friday, wiping out nearly USD 1 bn in market capitalisation. New Delhi: Shares of Vodafone Idea fell as much as 40 per cent on Friday, losing USD 975 million in market value, after India's top court rejected mobile carriers' petitions for a review of its order to pay billions of dollars in...

    • 2 days ago
  • Business

    Forex reserves rise by USD 58 mn to record high of USD 461.21 bn

    FCA decreased by USD 367 million to USD 427.582 billion, the RBI data released on Friday showed. Mumbai: The country foreign exchange reserves rose by USD 58 million to reach a life-time high of USD 461.21 billion in the week to January 10, according to the RBI data. In the previous week, the reserves had increased by USD 3.689 billion to USD 461.15 billion. In the reporting week,...

    • 2 days ago
  • Business

    Billionaire Ambani's Reliance posts record profit on consumer strength

    The company had previously said it would sign a definitive agreement with Aramco by March 2020. Mumbai: Indian oil-to-telecoms conglomerate Reliance Industries Ltd posted another record quarterly profit on Friday, as double-digit growth at its consumer-facing businesses cushioned weakness in its energy divisions. Revenue at its retail and telecoms units each jumped more than...

    • 2 days ago
  • Business

    Office market booming despite economic woes

    Three top office markets of India touched, or were very close to, 10 mn sq. feet mark: Bangalore, NCR & Hyderabad. Mumbai: Despite trouble brewing in the domestic economy country's top office markets, including Mumbai, NCR, Hyderabad, Bangalore, Chennai and Pune grew at 22 per cent in 2019 over 2018, amounting to a gross absorption of 57.72 million square feet. At 46 per cent, IT & ITeS...

    • 2 days ago
  • Business

    Sectoral focus could lift exports by $100 bn-$150 bn in 10 years

    In the global chemical trade of $2.3 trillion, India has a share of $50 billion. Chennai: India can achieve an incremental gain of around $100-150 billion over the next decade if the government focuses on accelerated export growth in sectors such as chemicals, footwear, furniture, and textiles, finds a study. India would do well if it improves on the issues related to...

    • 2 days ago

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