BUSINESS
Burger King India makes stellar opening on bourses
International quick service restaurant chain Burger King India ltd (BKIL) began its journey on Indian bourses with a stupendous opening garnering a premium of over 92 per cent on the first day of trade on Monday. Against the issue price of Rs 60, Burger King stock opened at Rs 115.35 on BSE, while on the National Stock Exchange, shares made a debut at Rs 112.50, a premium of over 87 per cent over the IPO price.
Rs 20 lakh crore package: Centre reviews dole, opposition slams government
As per the official data after Union Finance Minister Nirmala Sitharaman's review last week, the Centre has declared the ANBP implementation with others en route - under the pillars outlined by Prime Minister Narendra Modi to pull the country out of the pandemic-cum-lockdown crisis.
Finance Minister Nirmala Sitharaman holds 1st pre-budget talks with top industrialists
The meeting assumed importance as it would bring industry and government together to identify critical areas of reform that would pave the way for reinvigorating growth in the economy hit hard by the pandemic this year. The ideas from the industry would go as valuable inputs for government budgetary exercise for FY22.
Tatas back in race for stake in Air India
According to highly placed sources, Tata Sons which owns the industrial conglomerate Tata Group will send in a direct EoI to buy out the government's stake in the airline. Speculations have been rife over several months regarding Tata's interest in their erstwhile airline.
Ola to invest Rs 2,400Cr for scooter factory in TN
The Bengaluru-headquartered company said it signed a memorandum of understanding (MoU) with the Tamil Nadu government for setting up the factory which is in line with the firm's aim to make India a manufacturing hub for electric vehicles.
Inflationary woes: India's WPI rises to 1.55% in Nov
On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.97 per cent from 2.12 per cent reported for September and (-) 0.84 per cent recorded during October 2019.
Bharti AXA General posts Rs 95 cr profit and Rs 1,574 cr premium income in H1FY21
Even in the Covid crisis and the subsequent challenging times, the company managed to improve productivity in most business lines and channels and achieve high double-digit growth in the health and personal accident segment, commercial lines, and crop insurance in the first half of this fiscal.
United Airlines launches new daily Delhi-Chicago non-stop service
Accordingly, these daily flights will be operated by a Boeing 787-9 Dreamliner aircraft. "With the introduction of this new route, United will operate four daily non-stop flights from India," the airline said in a statement.
Airstrike: Airlines gear-up to deliver Covid a vaccine blow
The industry is expected to play a vital role in the country's impending anti-Covid offensive via vaccines. Already at an advance stage of planning, the industry and especially its leading players have formed dedicated teams, new specialised logistical arms to safely and efficiently transport veils across India and potentially around the world.
Consultations before show-cause notice to be pursued by GST officers
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that such consultations with the assessee, prior to issuance of show-cause notice (SCN) in case of demands of duty is above Rs 50 lakh (except for preventive/offence related SCNs), is mandatory and shall be done by the SCN-issuing authority.
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