BUSINESS
Union Budget has set pace for self-reliant India: Sitharaman in Lok Sabha
While replying to the discussion on the Union Budget in the Lok Sabha, Sitharaman mentioned that there were various challenges before the government due to the Covid-19 pandemic and it focussed both on "stimulus plus reforms".
Diesel price rise highest in Delhi by 36 paise/litre
With this increase, the fifth consecutive this week, petrol is now priced at Rs 88.44 a litre and diesel Rs 78.74 a litre in the national capital. The petrol and diesel prices have increased 17 times in 2021 with the two auto fuels increasing by Rs 4.73 and Rs 4.87 per litre respectively, so far this year.
Favourable base effect lifts India's December industrial production
As per the Quick Estimates of Index of Industrial Production (IIP), the factory output grew by 1 per cent in December 2020 from a contraction of (-) 2.09 per cent in November and rose to 0.4 per cent during the corresponding month of the previous year.
Marc Llistosella to head Tata Motors from July
Llistosella was most recently the President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia. He succeeds Guenter Butschek, who has informed his desire to relocate to Germany at the end of the contract for personal reasons.
CCI could revisit its order approving Amazon-Future Coupons deal
The Competition Commission of India (CCI) could look again into its November 28, 2019 order approving the deal between Amazon and Future coupons. In its 2019 filing, Amazon did not disclose to the CCI that it had restricted the promoters of Big Bazaar and other companies to sell, partner or collaborate within any other retailer in India, when it invested in Future Coupons.
ICICI Videocon loan case: Chanda Kochhar granted bail by court
In November last year, the ED filed its first chargesheet in the ICICI-Videocon loan case, naming Chanda Kochhar, Deepak Kochhar, Videocon group chief Venugopal Dhoot and seven firms in a money laundering case.
'India needs to expand steel production to meet rising demand’
The report titled 'Rewriting the growth story for India's Steel industry' noted that India had set its sights on a capacity of 180 million to 190 million tons per year (MTPA) by 2024-2025 and 300 MTPA by 2030.
Pepperfry gets Rs 35 cr in fresh funding from InnoVen Capital
"Our business has seen strong momentum through Covid and we continue to make good progress towards achieving profitability and managing cash flows," said Neelesh Talathi, CFO, Pepperfry.
India's January passenger vehicle sales rise over 11% YoY
Sale of passenger vehicles increased by 11.14 per cent in January 2021, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Thursday. The data showed 276,554 lakh passenger vehicles were sold last month compared to over 248,840 lakh units during the same period of 2020.
'Automakers' profitability likely to weaken after strong Q3FY21’
High commodity prices along with lower sales volumes are likely to put pressure on automakers' margins after an improvement Q3FY21, Fitch Ratings said in a report.
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