NOIDA failed in main objective of industrialisation: CAG report

The New Okhla Industrial Development Authority (NOIDA), which was formed by the Uttar Pradesh government in 1976, has failed to achieve its main objective of industrialization, according to a new CAG report.

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Nirmala Sitharaman to hold pre-budget consultations with representatives from service, trade sector

Union Finance Minister Nirmala Sitharaman will chair pre-budget consultations with stakeholders from various sectors in connection with the forthcoming general budget 2022-23 on Friday. 

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Bank strike today: Bank unions call for 2-day nationwide strike, banking services likely to be hit

Employees of several state-owned banks including the State Bank of India (SBI) will go on a two-day strike starting today. The strike has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions, including the All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW). 

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In a first, Pepsico's potato patent revoked by Indian authority

Accepting a farm activist's revocation application to revoke the varietal registration of Pepsico India Holding on potato variety FL-2027, The Protection of Plant Varieties & Farmers' Rights (PPV&FR) Authority on Friday revoked the registration, the multinational had. Even at the global level, this is the first time that the multinational had to face such a defeat.

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Gita Gopinath to become IMF's first deputy managing director early in 2022

Indian-American Gita Gopinath, the chief economist of International Monetary Fund, is being promoted as IMF’s First Deputy Managing Director, the fund announced on Thursday.

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Delhi: Commercial LPG gas cylinder price hiked by Rs 100

The national oil marketing companies have increased the price of commercial 19 kg LPG cylinder by Rs 100.50, taking the new price to Rs 2,101 in Delhi, informed the sources on Wednesday. 

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Sensex surges over 500 points in early trade; Nifty above 17,150

Equity benchmark Sensex jumped over 500 points in early trade on Wednesday, tracking gains in index majors HDFC twins, Tata Steel and Reliance Industries amid positive cues from Asian markets.

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Second quarter GDP numbers to be released today

The second quarter GDP numbers will be release today. Leading rating agency India Ratings said that the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast.

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Omicron variant unlikely to impact FMCG, pharma, telecom stocks, say analysts

The emergence of a stronger variant of COVID-19 - Omicron - may not have a strong impact on the performances of companies operating in fast-moving consumer goods (FMCG), pharmaceutical, and telecom sectors, say analysts. On Friday, equity markets in India and several countries declined sharply followed by the reports of the new variant in South Africa.

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Paytm's second quarter loss widens to Rs 473 crore

Financial technology firm Paytm's parent One 97 Communications has reported widening of consolidated loss to about Rs 473 crore in the second quarter ended September 2021, mainly on account of an increase in payment processing charges. The company had posted a loss of Rs 436.7 crore in the same quarter a year ago, according to an exchange filing.

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After Airtel and Vi, Reliance Jio hikes prepaid tariffs by 21% effective December 1 | Check new prepaid plans

Mukesh Ambani-led Reliance Jio, India's largest telecom operator, announced an increase in prepaid mobile tariff rates by 20 percent, after Bharti Airtel and Vodafone Idea (Vi) earlier this month. The revised tariff rates will be effective from December 1 and can be opted from all existing touchpoints and channels. 

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Star Health Insurance IPO: Price, GMP, allotment date; all about Rakesh Jhunjhunwala-backed Star Health's IPO

Star Health IPO Subscription: Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company is all set to launch its maiden IPO on Tuesday, November 30. The initial share sale is expected to fetch Rs 7,249.18 crore that comprises fresh issuance of shares worth Rs 2,000 crore and an offer for sale (OFS) of 5.83 crore equity shares by several shareholders. 

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IEX share bonus issue approved by shareholders

The Indian Energy Exchange (IEX) has received shareholders' approval for the issue of bonus shares and increase in authorised share capital.

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Cryptocurrency ban in India: What are Private coins? All you need to know

Cryptocurrency ban in India: Amid rising concern over the serious threats to the macroeconomic and financial stability of the country, the Centre on Tuesday listed for introduction in Parliament a bill to ban all private cryptocurrencies, with some exceptions. This means, no person shall mine, buy, generate, hold, sell, deal in, issue, transfer, dispose of or use cryptocurrency, the bill proposes.

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Sensex tanks over 800 points in early trade; Nifty sinks below 17,300

Equity benchmark Sensex plummeted over 800 points in early trade on Friday, on heavy across-the-board selling amid a negative trend in global markets and unabated foreign fund outflows.

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Cryptocurrency is here to stay, says Paytm founder Vijay Shekhar Sharma

Fintech firm Paytm founder Vijay Shekhar Sharma on Thursday said cryptocurrency is here to stay and it is fundamentally based on cryptography, the study of secure communications techniques.

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Sensex drops over 100 points, Nifty slips

Equity benchmark Sensex slipped over 100 points in early trade on Thursday, tracking losses in index majors ICICI Bank, HDFC twins and ITC amid persistent foreign fund outflows.

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Sensex, Nifty gain in early trade; telecom, power stocks drive gains

Market gauges Sensex and Nifty started on a positive note on Wednesday as participants showed keen interest in telecom, power and energy shares.

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Regular India-US engagements under Trade Policy Forum will help removing barriers to trade: USIBC

A regular engagement between India and the United States under the bilateral Trade Policy Forum mechanism will help remove barriers to trade, facilitate higher levels of investment and increase two-way trade in goods and services, the US India Business Council said Tuesday.

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Sensex tanks over 700 points in early trade; Nifty tests 17,300

Equity benchmark Sensex plunged over 700 points in early trade on Tuesday, tracking losses in index majors Infosys, ICICI Bank and Reliance Industries amid persistent foreign fund outflows.

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