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Home  Business

Business

Second Covid wave dents auto sector’s recovery momentum: ICRA

Second Covid wave dents auto sector’s recovery momentum: ICRA

  • Bharat Biotech ramping up Covaxin production capacity

    Company plans to produce an additional 200 million doses of Covaxin per annum in the GMP facilities located at Ankleshwar, Gujarat, starting from the fourth quarter of 2021
  • Credit Suisse cuts nominal growth forecast

    Last month, Neelkanth Mishra, the co-head of equity strategy for Credit Suisse Asia Pacific, and India equity strategist, had told PTI that he expected the real GDP to fall to 8.5-9 per cent in FY22.
  • Food supplies to ITIs akin to mid-day meal to schools, so GST exempt

    The Kerala AAR ruling came on an application made by a service provider, HV Azeez.
  • Gadkari writes to Goyal on jewellers demand

    Gadkari said in the letter to Goyal that he has received a representation from the All India Gem and Jewellery Domestic Council.
  • 7 GW of unsigned PSAs pose risk to RE targets: Crisil

    The remaining 4 GW may have some hope because CRISIL expects 25-50 paise increase in tariffs at the upcoming auctions because new projects will have to bear basic customs duty applicable on import of solar cells and solar modules.
  • IT Dept to launch new e-filing portal for taxpayers on Jun 7

    The existing web portal will be shut for six days between June 1-6.
  • Global cues subdue equity markets, metal stocks fall

    Similarly, the Nifty50 of the National Stock Exchange traded at 15,014.25, up by 15.90 points, or 0.11 per cent, from its previous close.
  • Indian hospitality industry declined 39% in RevPAR during Q1 2021

    Demand for domestic leisure travel amidst international travel restrictions continues to make Goa the fastest recovering market in absolute term.
  • Consumers spared of hike; petrol, diesel prices unchanged on Thursday

    New Delhi: Consumers have been spared of another increase in auto fuel prices with oil marketing companies (OMCs) deciding to keep petrol and diesel rates unchanged on Thursday. This is second consecutive day of fuel price pause and follows slight softening in global oil market over demand concerns prime markets in Asia seeing rising cases of […]
  • SK Innovation, Ford to launch EV battery joint venture in US

    The SK-Ford partnership is expected to be similar to what LG Energy has with another American automaker, General Motors, with the two jointly building battery factories in Ohio and Tennessee.
  • Google brings smart home standard ‘Matter’ to Android, Nest

    Earlier called Project Connected Home over IP (CHIP), 'Matter' is a unified smart home standard partnership between Google, Amazon, Apple, Samsung, the Zigbee Alliance and others.
  • SK Innovation, Ford to launch EV battery joint venture in US

    The two companies plan to announce a memorandum of understanding on the joint venture later in the day, as South Korean President Moon Jae-in meets with U.S. President Joe Biden in Washington
  • Rupee opens on flat note, rises 3 paise to 73.15 against US dollar

    At the interbank foreign exchange, the domestic unit opened at 73.16 against the dollar
  • Hyderabad-based Skyroot Aerospace raises $11 mn in Series-A funding

    The $11 million Series-A was led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli; and saw participation from public listed entity Solar Group (a major Space and Defence supplier)
  • Ozonetel integrates Google solution with its platform

    This feature cuts down lead response time, tracks customers across multiple channels and enables efficient use of chat and calls to close sales.
  • SMEs chip in with producing medical oxygen

    Supply of other industrial gases takes back seat
  • NHPC gets 1,270 power sector employees, family members inoculated

    NHPC Ltd organised a two-day vaccination camp at National Power Training Institute (NPTI), Badarpur from 18th to 19th May 2021 in association with Apollo Hospitals, New Delhi.
  • Etrio eyes electric 4-wheeler LCV category; to launch more in 3-wheeler segment

    Currently, the company has dealers in Delhi, UP, Haryana, Karnataka, Madhya Pradesh and Odisha.
  • E-way bill integrated with FasTag, RFID

    Under the goods and services tax (GST) regime, e-way bills have been made mandatory for inter-state transportation of goods valued over Rs 50,000 from April 2018.
  • I-T dept issues Rs 24,792 cr refunds

    The I-T department did not specify the financial year for the refunds. However, it is believed that the refunds are for tax returns filed for the 2019-20 fiscal.
  • OYO to pay 8 months full salary as part of COVID-19 bereavement support

    The support will also include term insurance payout equal to 3 times their annual pay.
  • Shaktikanta Das asks PSBs to quickly implement measures announced by RBI

    Earlier this month, the governor had announced a slew of measures, including term liquidity facility of Rs 50,000 crore to ease access to emergency health services.
  • Royal Enfield to recall around 2.37 lakh units to fix faulty ignition coil

    It will call in Meteor motorcycles manufactured and sold between December 2020 and April 2021, and the Classic and Bullet manufactured and sold between January and April 2021.
  • Sensex drops 291 points; Nifty ends below 15,100

    Bajaj Finserv was the top loser in the Sensex pack, shedding around 2 per cent, followed by HDFC, M&M, Bharti Airtel, UltraTech Cement and Kotak Bank.
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