Business

The World Economic Situation and Prospects 2021 said that by mid-2020, unemployment rates had escalated to a record high 23 per cent.

Sources said to resolve the conflict arising out of the same entity owning two jobs, bifurcating GAIL is being considered.

"Agriculture credit target for the year 2020-21 has been set up at Rs 15 lakh crore," Finance Minister Nirmala Sitharaman.

"We are on road to double our GMV every year and are aiming to hit Rs 10,000 crore in GMV by financial year 2021," Grofers founder Saurabh Kumar said.

USIBC president Nisha Desai Biswal said: “Both the US and India can and should do more to achieve the shared goal of $ 500 billion in two-way trade”.

New Delhi: Multiplex operator Inox Leisure on Tuesday said it has commenced commercial operations at a new multiplex at Thane, in Maharashtra, taking its total count to 151. It has 4 screens and 240 seats. Inox is now present in 69 cities with 151 multiplexes, 641 screens and a total seating capacity of 1,46,320 seats […]

The Ministry of Mines has prepared the Mineral (Auction) Amendment Rules, 2021 seeking to amend Mineral (Auction) Rules, 2015.

Forms monitoring committee comprising of successful entrepreneurs and technologists to scrutinise and shortlist startups from across India.

Noting that the COVID-19 crisis has wreaked havoc on labour markets in the developing world, the World Economic Situation and Prospects 2021, said that by mid-2020, unemployment rates had escalated to a record high 23 per cent in India.

"The wholesale NBFCs that have been using structuring to fund land acquisitions have generally been averse to funding land acquisitions over the last couple of years.

The affiliate of Samsung Electronics Co. said the latest OLED display reduces power consumption up to 16 per cent compared with its previous smartphone panels.

Currently, state-owned ONGC and OIL pay a cess on crude oil they produce from their allotted fields on a nomination basis.

India's GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report.

T-Tribe announced incubating eight idea-stage startups founded by students and first-time entrepreneurs

During the same quarter last fiscal, the bank had reported a net profit of Rs 2,348.72 crore. It said that for Q3FY21, the bank's contribution to the consolidated profit after tax was Rs 1,854 crore.

"The gain of divestment is ...accrued against the sale of the Electrical & Automation business to Schneider Electric SE and ... sale of the UK based Marine control & automation systems subsidiary to Rolls-Royce Power Systems AG," the company said.

"We are extremely delighted to achieve complete integration of all branches and delivery channels of erstwhile Andhra Bank and Corporation Bank ," the bank's managing director and CEO Rajkiran Rai G said in the release.

"It is a case of daylight robbery of e-commerce entities in India and, therefore, demands immediate action against the erring e-commerce portals and online mechanism providers," CAIT stated.

Kumar will head Allcargo's CFS, P&E, and Contract Logistics divisions as well as focus on overall organizational compliance.

The pandemic-induced WFH has created doubts over continuation of income tax holiday extended to IT and ITeS units operation from Special Economic Zones (SEZ).

"In just over a year of sales operations, Kia has emerged as India's youngest automobile disruptor and one of the best-selling automobile brands in the country," Kia Motors India Managing Director and CEO Kook Hyun Shim said.

Vinod Nair, Head of Research at Geojit Financial Services stated that Indian markets witnessed a highly volatile trade due to weak global market and reports of Indo-China border tension.

The government should commit to the reduction of inequality by setting a timeline

An MoU was signed by both the companies and have initially rolled out the new offering in Hyderabad and will make it pan-India shortly.