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PV sales could recover to 2019 levels, but third wave still a worry

August 1, 2021 1:42:32 am

Even as PV sales plummeted to 88,045 units in May 2021 due to the Covid-19 second wave, overall January-June 2021 sales were 14,30,184 units, a lakh units below the 15,28,233 sold in January-June 2019

Rising streak halts: Fall in currency assets pulls forex reserves down

August 1, 2021 1:34:39 am

In the previous week ended July 16, the foreign exchange — or forex — reserves had reached a record high of $612.730 billion, having risen by $835 million.

IDFC First Bank logs Rs 630-cr Q1 loss on Covid provisioning

August 1, 2021 1:24:51 am

The bank had posted a net profit of Rs 93.55 crore in the year-ago quarter ended in June 2020 and that of Rs 127.81 crore in the previous quarter ended in March 2021.

NTPC Q1 profit up 27.3%

August 1, 2021 1:19:49 am

The total income for the quarter was Rs 26,802.25 crore as against Rs 24,021.00 crore in Q1 of the previous year, registering an increase of 11.58 per cent.

India-suited, low cost mobile products: IT Min contest seeks ideas for prototype

August 1, 2021 1:15:16 am

Apart from cash prizes of up to Rs 25,000 for best design and prototype, the Ministry will also help winners secure funds for scaling the production of best electronic products from prototype to assembly lines, an IT Ministry official said.

Services trade critical to boost ‘ever expanding’ Indo-US biz ties: Goyal

August 1, 2021 1:26:22 am

Addressing the ‘2nd Indo-US Services Summit’, organised by Indo American Chamber of Commerce (IACC) on Saturday, Goyal also said that the services sector holds a lot of promise in aiding India’s economic recovery in the post Covid period.

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SBI waives processing fee on home loans till August-end

July 31, 2021 6:39:46 pm

SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. The state-owned lender said the offer will help revive the consumer sentiments.

NTPC profit rises 17 pc to Rs 3,443 cr in Apr-Jun quarter

July 31, 2021 6:30:40 pm

NTPC's gross power generation in the June quarter was 71.74 billion units compared to 60.18 billion units (BU) in the same period a year ago.

SFIO searches premises of Videocon Group cos

July 31, 2021 9:11:39 am

Sources said at least 80 officers from the Registrar of Companies (RoC) were also roped in to conduct the searches. The SFIO also searched the home of Videocon promoter Venugopal Dhoot.

June core output jumps 8.9% on low base, high natural gas, steel output

July 31, 2021 3:52:00 am

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 12.4 per cent in June 2020 due to the lockdown restrictions.

IndianOil, Petronas JV to foray into fuel, natural gas retail biz

July 31, 2021 3:45:38 am

The JV is currently engaged in the import, storage, and bottling of liquefied petroleum gas (LPG).

Reform-based scheme: Discoms get till Dec 31

July 31, 2021 3:42:15 am

The scheme, approved by the Union Cabinet last month, requires that discoms submit detailed project reports (DPRs) on how they plan to reduce their operational losses to avail of funding.

Credit offtake of large cos hit, MSMEs gain on ECLGS push

July 31, 2021 3:38:27 am

Credit offtake by the industry had grown 2.2 per cent in the previous year.

Amid rising student demand, Air India to double US flights

July 31, 2021 1:40:36 pm

The doubled frequency, however, is still half the 40 flights a week that Air India operated prior to the US government order in May banning travellers from India due to rising Covid-19 cases here.

Changing insurance needs to changing life situations

July 30, 2021 7:18:00 pm

Understanding which life stage you belong to will help you and the life insurer to arrive at a fairly accurate life cover required.

IT Dept detects unaccounted transactions of Rs 400 crore after raids on ‘pan masala’ group

July 30, 2021 7:04:22 pm

It said the searches were carried out Thursday on 31 premises -- Kanpur, Delhi, Noida, Ghaziabad and Kolkata -- of the group, also involved in the real estate business.

Eight core sectors’ output up 8.9 per cent in June

July 30, 2021 5:59:28 pm

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 12.4 per cent in June 2020 due to the lockdown restrictions imposed to control the spread of coronavirus infections.

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IPO Wrap: Rolex Rings IPO subscribed over 130 times on final day led by non institutional investors, QIBs

July 30, 2021 5:29:13 pm

Rolex Rings IPO subscription status: Rolex Rings IPO was subscribed 130.43 times on the final day of the offer.

Devyani International Rs 1,838-crore IPO to open on August 4; sets price band at Rs 86-90/share

July 30, 2021 4:37:06 pm

The IPO consists of fresh issue of equity shares worth Rs 440 crore and an offer-for-sale of up to 155,333,330 equity shares by promoter and existing shareholder.

Exxaro Tiles IPO to open on August 4; sets price band at Rs 118-120 per share

July 30, 2021 4:13:01 pm

The-three day initial public offering (IPO) will open on August 4, and conclude on August 6, the Gujarat-based Exxaro Tiles announced in a virtual press conference.

Forgot to carry debit card? Here’s how HDFC Bank customers can withdraw cash at ATMs

July 30, 2021 1:56:09 pm

HDFC Bank Cardless Cash Withdrawal process: Here is how an HDFC Bank account holder can withdraw cash at the bank's ATM without carrying their debit or ATM cards.

Tesla agrees to pay $1.5 million to settle claims over battery voltage reduction

July 30, 2021 12:07:33 pm

Owners of the vehicles will get $625 each, which is "many times the prorated value of the temporarily reduced maximum voltage," according to the proposed settlement documents filed Wednesday in US District Court in San Francisco.

Amazon sales growth slows in tame start to Andy Jassy’s tenure as CEO

July 30, 2021 11:47:14 am

More than a year into the COVID-19 pandemic, Amazon's financial luster is fading slightly. When brick-and-mortar stores closed, Amazon posted record profits, drew more than 200 million Prime loyalty subscribers, and recruited over 500,000 workers to keep up with surging demand.

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Elon Musk’s Neuralink raises over $200 million from Google Ventures, others

July 30, 2021 11:13:45 am

Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.

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Petrol and diesel prices in your city today, check here

July 30, 2021 10:51:54 am

Petrol and diesel prices: Petrol price in Delhi stands at Rs 101.84 per litre while diesel is available for Rs 89.87. In Mumbai, petrol is retailing at Rs 107.83, while diesel costs Rs 97.45. Read below to find out fuel prices in your city.