Vested Finance Raises $3.6 Million USD to Bring U.S. Stocks to Indian Investors

MUMBAI : Vested Finance, a Silicon Valley-based online investment platform that enables Indian investors to invest in the U.S. stock market, today announced it has raised a $3.6 million seed funding round with participation from Moving Capital, Ovo Fund and TenOneTen Ventures in the U.S., and Inflection Point Ventures and Venture Catalysts in India. The company … Read more

Bajaj Auto jumps on reporting 8% rise in January sales

Bajaj Auto is currently trading at Rs. 4213.60, up by 99.50 points or 2.42% from its previous closing of Rs. 4114.10 on the BSE. The scrip opened at Rs. 4125.55 and has touched a high and low of Rs. 4222.85 and Rs. 4125.55 respectively. So far 4437 shares were traded on the counter. The BSE … Read more

IRCTC gains even after reporting 62% fall in Q3 net profit

Indian Railway Catering & Tourism Corporation (IRCTC) is currently trading at Rs. 1465.00, up by 8.50 points or 0.58 % from its previous closing of Rs. 1456.50 on the BSE. The scrip opened at Rs. 1470.00 and has touched a high and low of Rs. 1478.85 and Rs. 1452.00 respectively. So far 35346 shares were … Read more

Tata Motors launches limited edition trim of Tiago

Tata Motors has launched a limited edition trim of its entry level hatchback Tiago priced at Rs 5.79 lakh (ex-showroom Delhi). The launch commemorates the first anniversary of the introduction of the updated version of the model. The new variant comes with additional features like black alloy wheels, reverse parking display with sensor, voice command … Read more

Escorts’ Agri Machinery Segment registers 49% rise in January sales

Escorts’ Agri Machinery Segment (EAM) in January 2021 sold 9,021 tractors, its highest ever January sales and registering a growth of 48.8 percent against 6,063 tractors sold in January 2020. Domestic tractor sales in January 2021 was at 8,510 tractors registering a growth of 45.6 percent against 5,845 tractors in January 2020. The tractor market … Read more

PNB Housing Finance plans tie-ups with banks for co-lending in housing loan sector

PNB Housing Finance is looking at forging tie-ups with some banks for co-lending in the housing loan sector and is hopeful that these partnerships will be win-win for consumers, banks and NBFCs. In November 2020, the RBI had allowed the co-lending scheme for banks under which they can co-lend with the non-banking finance companies (NBFCs), … Read more

HDFC Bank partners with CSC to launch EMI Collection service for Business Correspondents

Udaipur : HDFC Bank and CSC e-Governance Services India Ltd—a Special Purpose Vehicle (CSC SPV) under the Ministry of Electronics & IT (MeitY) – today jointly announced the EMI Collection Services for CSC-HDFC Bank’s Business Correspondents across the country. This will make payments convenient for customers, who can now visit their nearest CSC, to deposit … Read more

Airtel Announces 5G Ready Network

Udaipur. In a major landmark, Bharti Airtel (“Airtel”), India’s premier communications solutions provider, announced that it has become the country’s first telco to successfully demonstrate &orchestrateLIVE 5G service over a commercial network in Hyderabad city. Airtel did this over its existing liberalised spectrum in the 1800 MHz band through the NSA (Non Stand Alone) network … Read more

World First : The Sporty, Smart, Stunning Renault Kiger Makes Its Debut In India

Udaipur : After the initial exhilaration created by the reveal of its showcar, Groupe Renault globally premiered the eagerly awaited Renault KIGER in India today. A brand-new compact SUV designed and developed for Indiabefore making its international debut, Renault KIGER is the latest in the line of revolutionary products to be launched by Renault in India. … Read more

Max Bupa Health Insurance Strengthens Its Presence In Rajasthan

Udaipur : Max Bupa, one of India’s leading standalone health insurance players today announced its expansion plans in Udaipur and other markets of Rajasthan, as part of its next phase of growth. The company has opened an additional branch in Udaipur and aims to provide health coverage to over 13000 people in the next five years. … Read more

RBI issues framework for strengthening grievance redress mechanism in banks

The Reserve Bank of India (RBI) has put in place a comprehensive framework for strengthening the grievance redress mechanism in banks. The framework comprises enhanced disclosures on complaints to be made by the banks; recovery of the cost of redress of maintainable complaints from the banks against whom the number of complaints received in the … Read more

Tripartite agreement signed between MECL, Rajasthan State Mines & Minerals Limited and DMG for harnessing Potash in Rajasthan

A tripartite agreement was signed between Mineral Exploration Corporation Limited (MECL), Rajasthan State Mines & Minerals Limited (RSMML) and the Department of Mines & Geology (DMG), Govt. of Rajasthan for taking up feasibility studies of Solution Mining of Potash in the state of Rajasthan. The MoU was signed virtually in the presence of Union Minister for Coal, … Read more

Launch of ‘Airtel Safe Pay’ – India’s safest wayto pay digitally

  ‘Airtel Safe Pay’ protects customers from payments frauds by ensuring money never leaves their accounts without consent Udaipur. To protectAirtel customers from the growing incidents of online payment frauds, Airtel Payments Bank today launched‘Airtel Safe Pay’ – India’ssafest mode for making digital payments. With ‘Airtel Safe Pay’, Airtel customers making UPI or Netbanking based … Read more

Jk Tyre Records Excellent Performance In Q3 Fy 2020-21

Rs. Crores –          Net Revenue                2776 –         EBITDA                         507 –         PBT                                 343 Udaipur : Indian tyre industry major, JK Tyre & Industries Ltd. (JK Tyre) announced record financials for the third quarter of the current financial year.  Consolidated Sales at Rs.2776 Crores grew 26% – best ever sales for any quarter.  EBITDA doubles to Rs.507 Crores and … Read more

Amway Forays into Vegetable and Fruit Hygiene Category to Cater to the Growing Consumer Needs for Hygiene Products

  Udaipur : Amway India, one of the country’s leading FMCG direct selling companies today announced the launch of its latest innovation in-home care category with Amway HomeTM Fruit & Veggie Wash. Building on its expertise in home- care solutions and in its endeavor to cater to the growing need for hygiene care products, Amway forayed into the … Read more

OKIE Electronics vies lucrative growth opportunities in Rajasthan

Launches its high quality and value for money range of OKIE LED TVs in the state  Udaipur :  After much success in multiple states across India, one of India’s fast growing manufacturing companies Okie Ventures now enters Rajasthan withOKIE Electronics. With strategic partnerships and distribution strategies already in place, consumers can soon begin purchasing OKIE’shigh qualitySmartLEDTVs in major cities of Rajasthan. The ‘OKIE … Read more

Finance Minister Smt. Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of States/ Union Territories (with Legislature) for Budget 2021-22

The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) here today. The meeting was held through Video Conference and was attended by Chief Ministers, the Deputy Chief Ministers, Finance Ministers, Ministers and Senior Officers from the States/Union Territories … Read more

One held by CGST Delhi East officials for availing fake input tax credit of Rs 82.23 crore

In the ongoing drive against availment of inadmissible ITC, officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East unearthed a multi-layered network of fictitious firms being used to generate and pass on fake ITC. Through the use of extensive data analytics, officers identified and searched 21 premises between 15/01/2021 and 17/01/2021, leading to … Read more

12th Instalment of Rs. 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.

The Ministry of Finance, Department of Expenditure has released the 12th weekly instalment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has been released to the 3 Union … Read more

Dharmendra Pradhan flags off two welfare projects of ONGC at Betul in MP

In line with Prime Minister Narendra Modi’s vision to increase the use of renewable energy and making India Atmanirbhar, two projects supported by Energy Maharatna ONGC for the welfare of people in Betul district of Madhya Pradesh were launched by Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan today. The Minister laid the … Read more

A national delegation of Bharatiya Mazdoor Sangh (BMS) meets Union Minister Dr Jitendra Singh to discuss service matters related to different departments.

A national delegation of BharatiyaMazdoorSangh (BMS) today met Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr.Jitendra Singh and discussed with him service matters related to different departments. The delegation consisted of members from different wings of the BMS including BharatiyaPratirakshaMazdoorSangh (BPMS), … Read more

Union Home Minister Amit Shah lays the foundation stone of 97th Battalion of Rapid Action Force at Bhadravathi in Karnataka

The Union Home Minister Amit Shah laid the foundation stone of 97th Battalion of Rapid Action Force (RAF) at Bhadravathi in Shivamogga district of Karnataka. On this occasion Union Minister of Coal & Mines and Parliamentary Affairs, Pralhad Joshi, Karnataka Chief Minister BS Yediyurappa, Deputy Chief Ministers Govind Karajol and Dr. Ashwath Narayan, Home Minister of … Read more

One held by CGST Delhi officials for fraudulently passing on fake ITC of Rs 14.30 crore

In the ongoing campaign against fake/bogus invoices and resultant availment of inadmissible ITC, officers of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have detected a case of issue of fake bills of Rs. 79.5 crore (approx). The syndicate was being operated by Sh. Nitin Jain, C.A by floating three firms i.e M/s Anshika … Read more

Road Safety Month from Monday, 18th January

Union Minister for Road Transport & Highways and MSMEs Nitin Gadkari will inaugurate the Road Safety Month in New Delhi on Monday. The commemoration of this Month marks the Ministry’s commitment for making roads safer for all the road users. The event is organised throughout the country to create awareness among general public and specially amongst the youth to … Read more

Union Minister Piyush Goyal’s address to Food Corporation of India (FCI) on 57th Foundation Day

Piyush Goyal, Union Minister of Consumer Affairs, Food & Public Distribution, Railways, and Commerce & Industry inaugurated the newly constructed building of Divisional Office, Mysuru on the occasion of 57th Foundation day of FCI on 14th January 2021. The Minister also addressed the officers, staff and workers of Food Corporation of India (FCI) through Facebook Live on … Read more

Tariff Notification No. 04/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry … Read more

Steel Minister Dharmendra Pradhan exhorts industry to become export-centric;Participates in a webinar on “New opportunities for steel in construction and infrastructure”

Minister of Steel and Petroleum and Natural Gas Dharmendra Pradhan today addressed a webinar on “New opportunities for steel in construction and infrastructure”, organized by Indian Steel Association. Pradhan speaking on the occasion exhorted the steel industry leaders to focus on making the industry export-centric and fulfill global requirements too. He said, “Aatmanirbhar Bharat and … Read more

INDIA’S FOREIGN TRADE DATA: DECEMBER 2020

India’s overall exports (Merchandise and Services combined) in April-December2020-21* are estimated to be USD 348.49Billion, exhibiting a negative growth of (-)12.65per cent over the same period last year. Overall imports in April-December 2020-21* are estimated to be USD 343.27Billion, exhibiting a negative growth of (-) 25.86per cent over the same period last year.   *Note: … Read more

Tamil Nadu becomes the 11th State to complete One Nation One Ration Card system reform ;Additional borrowing permission of Rs.4,813 crore issued to Tamil Nadu

Tamil Nadu has become the 11th State in the country to successfully undertake “One Nation One Ration Card system” reform stipulated by the Department of Expenditure, Ministry of Finance. Thus, the State has become eligible to mobilise additional financial resources of Rs.4,813 crore through Open Market Borrowings. Permission for the same was issued by the Department … Read more