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New Delhi: The Railway Ministry has been allocated Rs 1,40,367.13 crore in the Union Budget on Tuesday – Rs 20,311 crore more than the revised figures of the previous fiscal. Vande Bharat Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the […]
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New Delhi: In further respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more year. To incentivise startups, the government had last year extended the eligibility for claiming tax holidays for startups by a year to March 31, 2022. It had […]
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New Delhi: The government will borrow about Rs 11.6 lakh crore from the market in 2022-23 to meet its expenditure requirement. This is nearly Rs 2 lakh crore higher than the current year’s Budget estimate of Rs 9.7 lakh crore. Total market borrowings of the government for 2022-23 are estimated to stand at Rs 11,58,719 […]
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New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India’s own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to see the light of the day. With this, India will join certain countries that have their own central […]
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Mumbai: The Indian equities markets key indices rose by nearly 1.5 per cent on Tuesday led by broad-based buying support ahead of the presentation of Union Budget 2022-23. The benchmark Sensex surged 1.47 per cent or 850.71 points to 58,864.88 points at 10.30 am, against its previous day’s close at 58,014.17 points. This is the […]
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Hyderabad: Hyderabad-based Granules India said that Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, located in Chantilly, Virginia, USA had undergone a Pre-approval Inspection (PAI) by the US Food and Drug Administration (US FDA) from 24th to 28th January 2022. The audit is a PAI for two of its product applications filed from […]
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Hyderabad: The Telangana AI Mission (T-AIM) is inviting applications to the second cohort of Revv Up startup acceleration programme. Early-stage startups working in Artificial Intelligence (AI) are eligible to participate. It is aimed at sector-agnostic AI startups that are based in Telangana or intending to set up their facility in the State. They can apply […]
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Covid-19 and its continued impact on the country and the health system has drained significant government resources in the last two years. Given the state of the economy and the geo-political environment, Budget is likely to be a watershed moment in providing a direction to India’s path of becoming a $5 trillion economy by 2025, […]
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New Delhi: The central bank’s recent decision to create a discussion paper on digital payment charges has left a murmur in the markets, especially on its potential impact on banks and digital payment players like Paytm. However, analysts said on Monday that the recently-listed Paytm is unlikely to get impacted with these charges. “The digital […]
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New Delhi: Finance Minister Nirmala Sitharaman tabled the economic survey in the parliament on Monday, for the second year running, the Economic Survey was written under the cloud of the Covid-19 pandemic. The Survey was first published in 1950-51 and was initially part of the Budget documents. It was less than 50 pages in the […]
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New Delhi: India’s economic growth is expected to remain in the range of 8 to 8.5 per cent in 2022-23 as against a projected growth of 9.2 per cent in the current financial year and a sharp contraction witnessed in 2020-21, according to the Economic Survey 2021-22 tabled in the parliament on Monday. “With the […]
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Hyderabad: As per the Reserve Bank of India’s (RBI) holiday list, all private and public banks across India will be closed for 12 days in February. However, banking activities and ATMs will continue to function. The RBI characterises holidays based on Holiday under Negotiable Instruments Act, Banks’ Closing of Accounts and Holiday under Negotiable Instruments […]
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New Delhi: India’s smartphone market revenue crossed $38 billion in 2021 with 27 per cent (on-year) growth, as shipments grew 11 per cent to reach 169 million units, a new report showed on Monday. India’s smartphone market retail ASP (average selling price) grew 14 per cent (on-year) to reach its highest ever at $227 (nearly […]
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The global hub will include facilities for manufacturing, research and development, and a Centre of Excellence to train people. Drillmec, a subsidiary company of Megha Engineering & Infrastructures Limited (MEIL) Group
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Mumbai: The Indian equities markets benchmark Sensex surged 786 points on Monday led by strong buying support in IT and energy stocks, a day ahead of the presentation of Union Budget 2022-23. Reversing the trends of the last week’s sell-off the key indices of the Indian stock markets opened with handsome gains on Monday. The […]
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New Delhi: With Covid-19 continuing to impact the global economy in its second year, the automotive semiconductor market will experience uneven shortages and tight supply amid labour shortfall, according to a new IDC report. The general theme for semiconductors in 2021 was shortages in mature process technology nodes. The IDC expects tight semiconductor supply to […]
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Nirmala Sitharaman is set to present her fourth union budget on February 1, 2022. Some analysts feel that the finance minister may announce major relief to taxpayers.
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Hyderabad: SMEs face myriad problems and one among them is the problem of delayed payments by customers. A majority of sellers do not know the buyers’ financial health and keep extending financial credit to them and suffer in the process. Hyderabad-based fintech company Recordent has evolved a software-as-a-service that will do the credit risk profiling, […]
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Hyderabad: Budget 2022 provides an opportunity for the Government to narrow the rural-urban gap and strike a balance in reigning inflation and ensuring fiscal prudence. The momentum on the economic recovery and buoyancy of tax collections would need to be sustained, Pradeep Narayanan, partner, BSR & Co (a sub-licensee firm of KPMG in India) tells […]
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Hyderabad: The Petroleum and Natural Gas Regulatory Board (PNGRB) has allotted 12 geographical areas (GAs) to Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) out of the 52 Gas. The PNGRB had called for bids for City Gas Distribution (CGD) projects in 65 Geographical Areas (GA) across India under 11th round of bidding. The results were declared […]
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The Digital Assets Team within Google Cloud will support its customers' needs in building, transacting, storing value, and deploying new products on Blockchain-based platforms.
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New Delhi: Adani CMA Mundra Terminal Pvt Ltd (ACMTPL) a joint venture between Adani Ports & SEZ Ltd and CMA Terminals at Mundra, berthed APL Raffles, making it the largest container vessel to call India. APL Raffles is one of the largest vessels in the fleet of CMA CGM. Built in 2013, this 1,76,727 DWT, […]
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Mumbai: Higher bond yields as well as a potential US Fed rate hike sparked a global risk-off sentiment, leading to elevated FII outflows in India, said Motilal Oswal Financial Services. According to the brokerage house, $13.5 billion in FIIs’ outflows have taken place in the secondary markets since October 2021. “Domestic equities have also borne […]
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According to the auto-tech website Electrek, the company has released the microphone that is designed to work with Leishi KTV, a karaoke system that is being included as part of the update.
