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Bharat Electronics Limited presents Rs. 174.44 crore final dividend Cheque to Raksha Mantri Shri Rajnath Singh

Bharat Electronics Limited, BEL, presented the 140% final dividend cheque of Rs. 174,43,63,569.20/- (Rupees One Hundred Seventy-four Crores Forty-Three Lacs Sixty-three Thousand Five Hundred Sixty-nine and Twenty Paise only), payable on the shares held by the President of India.  The Cheque was presented to the Raksha Mantri,  Rajnath Singh by the Chairman & Managing Director, BEL, M V Gowtama here today.  The Interim Dividend of 140% ... Read More »

NTPC Ltd. enters into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion under GREEN initiative

In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative, India’s largest power producer today entered into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion (approx. USD 482 million or Rs. 3,582 crore). JBIC will provide 60% of the ... Read More »

GIFT IFSC prescribes framework for listing of Depository Receipts

The International Financial Services Centres Authority (IFSCA), with an objective to develop the financial products and financial services in the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) has prescribed the regulatory framework for listing of Depository Receipts (DRs). The framework provides for listing of DRs by companies that are listed in FATF compliant jurisdictions (including India). The ... Read More »

Finance Minister Smt. Nirmala Sitharaman leads Indian delegation in 10th Round of Ministerial UK-India Economic and Financial Dialogue

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman led the Indian Delegation in the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD), held here today in virtually through video conferencing. The Indian delegation included representatives from Ministry of Finance, Reserve Bank of India and Securities and Exchange Board of India (SEBI). The UK delegation was led by Chancellor ... Read More »

Cochin Shipyard surges on signing MoU with Fincantieri

Cochin Shipyard is currently trading at Rs. 358.05, up by 7.20 points or 2.05% from its previous closing of Rs. 350.85 on the BSE. The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 358.75 and Rs. 355.00 respectively. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high ... Read More »

ZEE Entertainment donates 20 Ambulances, 4,000 PPE Kits and 1,50,000 Daily Meals to Rajasthan

Udaipur : India’s leading Content Company,Zee Entertainment Enterprises Ltd. (ZEE) today, in line with its national level CSR drive against Covid-19, officially handed over critical healthcare equipment to the state of Rajasthan, further strengthening its fight against Covid-19.In the presence of the Hon’ble Chief Minister,Mr. Ashok Gehlot, the ambulances were handed over to the RajasthanGovernment. The Company has utilized the sanctioned ... Read More »

Airtel enters the $ 1 billion Indian cloud communications market with Airtel IQ 

Udaipur. Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, marked its entry into the fast-growing cloud communications market with the launch of Airtel IQ today. Airtel IQ, a cloud-based omni-channel communications platform, enables brands to deepen engagement with customers through timely and secure communication.  Take for example a customer ordering food through an online platform and calling the delivery agent ... Read More »

Payroll Reporting in India – A Formal Employment Perspective

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the press note on Employment Outlook of the country covering the period September, 2017 to August, 2020 based on the administrative records available with selected government agencies to assess the progress in certain dimensions. A detailed note is annexed. A detailed note  is annexed Read More »

Extension of ESI Scheme to Arunachal Pradesh

In its continuous endeavor to cover more workers under ESI Scheme, Govt. of India has now extended the Employees’StateInsurance (ESI) Scheme for the first time to Arunachal Pradesh, with effect from 1st November, 2020. A notification to this effect has been issued by the Central Government for notifying the district of Papum Pare,under ESI Scheme. All factories located in the district ... Read More »

NTPC allowed to use drones for research and inspection of Thermal Power Projects

Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA) have granted conditional exemption to National Thermal Power Corporation (NTPC) for the deployment of Remotely Piloted Aircraft System (RPAS) for carrying out research and inspection activities at Vindhyachal Super Thermal Power Station, Madhya Pradesh, Gadarwara Super Thermal Power Plant, Madhya Pradesh, and Sipat Super Thermal Power Project, Chhattisgarh ... Read More »

Nissan India unveils the all-new Nissan Magnite B-SUV

Udaipur : Built on the philosophy of ‘Make in India, Make for the World’, Nissan India has unveiled their much-awaitedB-SUV, theall-new Nissan Magnite. This is the company’s first ever product under the Nissan NEXT strategy for the Indian market, scheduled to be introduced in the second half of FY2020-21.A true reflection ofthe ‘Nissan-ness’concept that aims to empowerpeople through breakthrough products and ... Read More »

Flipkart’s The Big Billion Days brings festive cheer like never before for MSMEs and Consumers across India

Udaipur : As Flipkart’s The Big Billion Days 2020 draws to an end, it has yet again reaffirmed the role e-commerce plays in uplifting consumer consumption sentiment and catalyzing growth for local MSMEs. This Big Billion Days showcased the undying passion and entrepreneurship of sellers who took to digital commerce to bring festive cheer for Indian consumers. It showcased the power ... Read More »

Foreign Direct Investment Inflow

Foreign Direct Investment (FDI) is a major driver of economic growth and an important source of non-debt finance for the economic development of India. It has been the endeavor of the Government to put in place an enabling and investor friendly FDI policy. The intent all this while has been to make the FDI policy more investor friendly and remove ... Read More »

5th Joint Working Group on Coal between India and Indonesia on 5th November 2020

India is the host for 5th Joint Working Group (JWG) on Coal between India and Indonesia scheduled to be held on 5th November 2020 through Video conference from New Delhi due to travel restrictions on account of Covid pandemic. This will be co-chaired from the Indian side by Vinod Kumar Tiwari, Additional Secretary, Ministry of Coal, Government of India and by Dr ... Read More »

HDFC Bank gains 18.4 percent in Q2 Result

Udaipur : The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and half year ended September 30, 2020, at their meeting held in Mumbai on Saturday, October 17, 2020. The accounts have been subjected to an audit by the statutory auditors of the Bank. STANDALONE FINANCIAL RESULTS: Profit & Loss Account: Quarter ended September 30, 2020 The Bank’s net ... Read More »

Leather Sector Skill Council launches SCALE India Android App for Enhanced Quality Assurance under Skill India Mission

In an endeavour to provide a single platform to integrate quality assurance across all its services, the Leather Sector Skill Council (LSSC) today announced the launch of Skill Certification Assessment for Leather Employees (SCALE) India android app. Operating under the aegis of the Ministry of Skill Development and Entrepreneurship(MSDE), LSSC is committed to strengthen its digital capabilities on quality assurance ... Read More »

Ministry of Finance clarification on Vodafone arbitration appeal

A speculative news story being circulated in some section of media claiming that Attorney General has  given opinion  in favour of  not appealing in the Vodafone Arbitration award is totally incorrect and without any factual basis. Award along with all options are under examination within the Ministry and further course of action will be decided based on such examination. Read More »

AYUSH Sector set to add momentum to the Jan Andolan against Covid-19

The Ministry of AYUSH has launched the Jan Andolan Campaign on COVID-19. This Andolan is regarding “Public Health Response to COVID-19: Campaign for COVID-Appropriate Behaviour” which has been launched by the Hon. Prime Minister through a tweet on the 8th of this month to encourage people across the country to adopt and encourage other to adopt COVID appropriate behaviours in view of the ... Read More »

CCI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited

The Competition Commission of India (CCI) approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited. The proposed combination envisages acquisition of more than 50% of the equity share capital of CG Power and Industrial Solutions Limited (CG Power) by Tube Investments of India Limited (TIIL). TIIL is a listed entity and forms part ... Read More »

ESIC refutes report on certain TV Channels reporting of alleged improper services & facilities at ESIC Medical College & Hospital, Rajajinagar, Bangalore

Employees State Insurance Corporation(ESIC), an organisation under Union Labour Ministry has refuted reports in certain news channel alleging improper services & facilities at the news telecast in  about improper facilities & treatment at ESIC Medical College & Hospital, Rajajinagar, Bangalore. In this regard, ESIC has clarified that ESIC Medical College & Hospital, Rajajinagar has been providing dedicated Medical care and ... Read More »

Amway India promotes the spirit of entrepreneurship with the launch of project Nari Shakti

Udaipur :  Committed to empower women by bringing them to the forefront and as part of making major strides towards strengthening the gig economy ecosystem in the country, Amway India, one of the country’s leading FMCG direct selling companies, announced the launch of project ‘Nari Shakti’. As part of its 10-year growth vision, Amway aims to continue to empower women and offer them ... Read More »

Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of August, 2020 (BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. With the gradual relaxation of restrictions, there has been a relative improvement in ... Read More »

Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and Combined for the Month of September 2020

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of September 2020 (Provisional) in this press note. CPIs for Sub-Groups and Groups for both All India and all States/UTs are ... Read More »

Sahara paid Rs 3,226 Crore, as maturity to investorsin last 75 days

Udaipur : Sahara India Pariwar, in a statement issued to the media today,said that inlast around 2 to 2.25 months alone, the group has paid Rs.3226.03 Crore to its 10,17,194 Members. Out of the total amount paid in this period, 2.18% payments were made against therequests fromthe delayed-payments complainants. The total delayed-payment complainants are 0.07 % of the total number of ... Read More »

Annual Return (GSTR-9)and Reconciliation Statement (GSTR 9C) for FY 2018-19

Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020. Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18. However, this information for ... Read More »

Sovereign Gold Bond Scheme 2020-21 (Series VII) – Issue Price

In terms of Government of India Notification No.4(4)-B(W&M)/2020 dated October 09, 2020, Sovereign Gold Bonds 2020-21 (Series VII) will be opened for the period October 12-16, 2020 with Settlement date October 20, 2020. The issue price of the Bond during the subscription period shall be Rs5,051(Rupees Five thousand Fifty One only) – per gram, as also published by RBI in ... Read More »

Airtel Thanks app adds to the thrill of the cricket season with Airtel Cricket Bonanza

Udaipur. Bharti Airtel (“Airtel”) has stepped up the excitement around the ongoing cricket season with the launch of Airtel Cricket Bonanza in partnership with NDTV.  Available to all Airtel customers on the Airtel Thanks app, Cricket Bonanza is a collection of highly interactive and engaging cricket games and quiz contests. In addition to a super gaming experience, participants get the ... Read More »

HDFC Bank takes ‘Festive Treats 2.0’ to rural India 1.2lakh VLEs

Udaipur : HDFC Bank today took itsfestive offers to the most remote parts of the country. It launchedthe semi-urban and rural phase of ‘Festive Treats’, its annual financial services dhamakathrough the Government of India’s Common Service Centres (CSC)network. Through thenetwork of 1.2lakh village level entrepreneurs (VLEs) enrolled with CSC, customers in these locations can avail of offers specifically created for them. Customers will get special ... Read More »

India’s First Autonomous (Level 1) Premium SUV – MG GLOSTER launched

Udaipur : MG Motor India has launched India’s First Autonomous (Level 1) Premium SUV, MG GLOSTER, at an inaugural price starting at INR 28.98 Lakhs, ex-showroom, New Delhi With its elegant design and compelling features, GLOSTER appeals to the segment of premium and luxury that ranges from INR 25 lakhs to INR 50 lakhs. It will be available in 4 feature-intensive variants in ... Read More »

Alakh Nayan Mandir partners with Standard CharteredBank to launch 3primary eye care centres (Vision centres) in Rajasthan

Udaipur : Alakh Nayan Mandirin partnership with Standard Chartered Bank and Operation Eyesight Universal today launched 3 Vision Centres, in Udaipur districtof Rajasthan to improve eye care delivery services in the needy areas. This is a part of the Seeing is Believing by Standard Chartered , a global initiative to tackle avoidable blindness and visual impairment. These Vision Centres will be a hub for implementation of ... Read More »

This festive season, Flipkart and Paytm partner to provide a cracking offer to customers

Udaipur : Flipkart, India’s homegrown e-commerce marketplace has today announced its partnership with Paytm, India’s leading digital financial services platform, to provide customers a slew of offers and benefits as they prepare their wish lists for this festive season. This partnership will enable millions of Paytm users to conveniently pay through their Paytm Wallet and Paytm UPI while shopping on Flipkart ... Read More »

Flipkart brings exciting festive offerings with ‘Big Billion Days Specials’, unveils over 200 special edition products

Udaipur  :  Flipkart, India’s homegrown e-commerce marketplace, is aiming to make the festive shopping experience with the Big Billion Days even more special for consumers this year, with the introduction of a bigger and more attractive range of special edition products. The Big Billion Days Specials are a range of unique products across categories, co-created with leading brands, including limited ... Read More »

Amazon announces Great Indian Festival

Udaipu : today announced its festive event, ‘Great Indian Festival’starting from October 17, 2020. Prime members will get early access starting October 16, 2020. This year, lakhs of Small & Medium Businesses (SMBs) will offer unique selection to customers helping them rebuild and accelerate their business in tough times.  Customers across the country will have the opportunity to shop ... Read More »

Airtel Payments Bank simplifies payments experience for merchant partners

Udaipur.  Airtel Payments Bank has upgraded its app to further empower its merchant partners with a range of digital benefits that make the payments journey more simplified. For merchants, the Airtel Payments Bank appnow comes with two new features “Smart ePOS” and “On-Demand Settlement”. Smart e-POS (Point of Sale)enables merchants to use their smartphonesas a POS machine to accept digital ... Read More »

HDFC Bank, Apollo Hospitals join hands for quality healthcare

Udaipur : In a first-of-its-kind initiative in the country, HDFC Bank and Apollo Hospitals have joined hands to launch  The HealthyLifeProgramme, a holistic healthcare solution which makes healthy living accessible and affordable on Apollo’s digital platform, Apollo 24|7. The programme is created exclusively for HDFC Bank customers who will get round the clock access to emergency Apollo Doctor at No Cost on Apollo ... Read More »

Flipkart Returns With Its Annual ‘The Big Billion Days’ Event To Kick Off The Festive Cheer

Udaipur : Flipkart, India’s homegrown e-commerce marketplace, today announced the timeline of its biggest flagship event of the year, The Big Billion Days –  which will commence from October 16th. The 6 day event sets the tone for the country’s festive season, as millions of consumers, sellers, artisans, and brands come together to celebrate. The Big Billion Days event will focus ... Read More »

Young talent from Bhilwara, Harshit Vyas elevated to Chief Operating Officer – Franchise Business at OYO Hotels & Homes

Bhilwara : Keeping its commitment to talent and recognising the role certain leaders have played in managing operations as well as motivating teams during the ongoing impact of COVID-19 on business, OYO Hotels & Homes has elevated Harshit Vyas, a young talented professional originally from Bhilwara to COO, India & South Asia, Franchise Business. One of the youngest CXOs in the ... Read More »

INDIA’S MERCHANDISE TRADE: Preliminary Data for September, 2020

India’s merchandise exports in September 2020 were USD 27.40 billion, as compared to USD 26.02 billion in September 2019, showing a positive growth of 5.27 per cent. Exports during April-September 2020-21 were USD 125.06 billion, exhibiting a negative growth of 21.43 per cent over the same period last year. The value of merchandise imports in September 2020 was USD 30.31 ... Read More »

Himalaya Lip Care brings its flagship initiative “Muskaan” to Madhya Pradesh and Chhattisgarh

Udaipur : On the eve of World Smile Day, The Himalaya Drug Company, India’s leading wellness company, rolled out its flagship social impact initiative,Muskaan,in Madhya Pradesh and Chhattisgarh, with an objective to spread awareness about cleft lip and palate conditions. In partnership with Smile Train,the world’s leading cleftorganization, the initiative will support free life-saving cleft treatment to children in need. Through the ... Read More »

HDFC Bank launches ‘Festive Treats’ 2.0 with 1000 plus offers

After the resounding success of the 1st edition, HDFC Bank has launched ‘Festive Treats’ its annual financial services dhamaka. Customers can avail of special deals on all banking products from loans to bank accounts, with over 1000 plus offers from leading players and over 2,000 hyper local offers through tie ups with local merchants across semi urban and rural locations. ... Read More »

Further boost to ‘Make in India’: MoD signs contract worth 409 crore with Indian Companyfor supply of Multi-Mode Hand Grenades to Indian Army

Providing further boost to the ‘Make in India’ initiative of Government of India in the Defence Sector, Acquisition Wing of Ministry of Defence (MoD) today signed a contract with M/s Economic Explosive Ltd (EEL), (Solar Group) Nagpur for supply of 10,00,000 Multi Mode Hand Grenades to the Indian Army at an approximate cost of Rs. 409 Crores. These grenades will ... Read More »

Paddy Procurement totaling 1,04,417 MT having MSP value of Rs.197 crore at Rs 1888 per quintal done from 8059 farmers of Haryana and Punjab till 30th September

The arrival of Kharif Marketing Season 2020-21 has just begun and the Government continues to procure Kharif 2020-21 crops at MSP from farmers as per its existing MSP Schemes as done in previous seasons. The procurement of Paddy during KMS 2020-21 has started from 26th September, 2020 in Haryana and Punjab. Upto 30.09.2020, the Paddy Procurement of 13,412 MT in Haryana ... Read More »