ENS ECONOMIC BUREAU

SBI recently increased interest rate on its bulk term deposits (Rs 2 crore and above) by 40 – 90 basis points, with effect from May 10.

The GatiShakti Sanchar portal will enable centralised right of way (RoW) approvals for telecom infrastructure projects and can be used by industry players to apply for RoW approvals, including for 5G services.

The board has recommended a dividend of Rs 7.10 per share or 710 per cent on the face value for the financial year ended March 31, 2022.

'Services and the construction sector still seem to be lagging from losses suffered during multiple waves of Covid-19 pandemic, with new project announcements running below their pre-pandemic levels'

Data released on Thursday showed that retail inflation surged to a 95-month high of 7.97 per cent in April on the back of high fuel, food prices and services. Rural inflation surged to an 8-year high in April, while urban inflation rose to 18-month high.

The benchmark Sensex dove 1,158 points to 52,930.31 and the NSE Nifty by 359 points at 15,808.00 as the broad sell-off, led by foreign investors, hit sentiment.

He said these mega-trends are digital adoption, supply chain re-balancing, sustainability, focus on health and wellness and a global talent pool.

Within Asia, India would be the economy which will be most exposed to upside risks to inflation, given the higher energy import burden and sustained strength in domestic demand, Morgan Stanley said in its report.

According to the Amfi, monthly SIP (systematic investment plan) contribution dropped to Rs 11,863 crore in April compared to Rs 12,328 crore in March. However, the number of SIP accounts hit an all-time high in April at 5.39 crore as 11.29 lakh new accounts were added in the month.

“If required, the company will be filing criminal cases against some of these employees for misconduct and act of cheating committed by them against the company,” BharatPe said in a statement.

The numbers of crew failing their breath alcohol tests is broadly in line with the size of the respective airline’s operations.

The ethanol blending programme is aimed at reducing the country's dependence on crude oil imports, cutting carbon emissions and boosting farmers' incomes.

Canada’s Online News Act requires digital platforms that have a bargaining imbalance, measured by metrics like a firm’s global revenue, with news businesses to make fair deals, that would then be assessed by a regulator.

Making imports costlier, the rupee fell 55 paise during the day to cross the 77 level and touched an intra-day low of 77.58 before closing at 77.46 as against the previous record low of 76.98 registered on March 7. “The rupee fell to fresh all-time lows as the dollar rose broadly against its major crosses.

The Current Condition Index improved to 66.1 from 62.6 in the last survey, while the Expectations Index improved to 68.4 from 64.5.

Additionally, the government also charged Rs 6,000 for every trial of antenna that is used for receiving and transmitting signals.

This was mainly on account of the anticipation of a rate hike by the US Fed and the deteriorating geopolitical environment following Russia’s invasion of Ukraine.

“It came as a surprise because it’s between the two MPCs (Monetary Policy Committee meetings). But the US Fed had been saying it all the while,” Sitharaman said in her first reaction to the RBI rate hike.

The rise in RLLR will lead to an increase in equated monthly instalments (EMIs) on home, vehicle and other personal and corporate loans.

This comes days after the lender had increased its  benchmark lending rate by 5 basis points, leading to an increase in equated monthly instalments for existing borrowers.

This comes at a time when the retail inflation based on Consumer Price Index (Combined) is likely to have risen up to 7.7 per cent in April.

The order noted that about 7,600 MW of the 17,600 MW of imported coal-based thermal power capacity in the country was not operating as states have not been able to reach agreements with thermal plants on the pass-through of the higher price of imported coal.

LIC policyholders’ quota was oversubscribed 4.01 times (401 per cent) and the employee reserved portion attracted 306 per cent subscription. The retail investors portion was subscribed 123 per cent, according to data revealed by the stock exchanges.

RIL’s gross revenue for the quarter was Rs 232,539 crore, higher by 35.1 per cent. Net profit for the full year was Rs 67,845 crore ($ 9.0 billion), higher by 26.2 per cent.

Mindtree shareholders will get 73 shares of LTI for every 100 shares of Mindtree, the statement said, adding the combined entity will be called as LTIMindtree.