In Other News

Thursday, Apr 25, 2024 | Last Update : 05:54 PM IST

Business In Other News

In Other News Page-6

Basic price, which includes the cost of oil plus freight, varies between Rs 52.01 a litre in Chennai to Rs 59.89 in Ladakh. (PTI file photo)

Total tax on petrol down to 50 pc, diesel to 40 pc after duty cuts

The retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and VAT to basic oil prices

07 Nov 2021 1:18 PM

Brown label ATMs are those in which the ATM machine is owned by the service provider but the cash management and connectivity to banking networks is supplied by a sponsor bank. — Representational image/PTI

Banks increasingly outsourcing ATMs

SBI, Bank of Baroda and Bank of India have, in the last 18 months, issued a request for proposal (RFP) for over 20,000 brown label ATMs

06 Nov 2021 11:25 AM

During the year 2020-21, India’s exports included PPEs, N-95 and surgical masks, fabric for PPEs and masks. — Representational image/AFP

Technical textile usage made mandatory for govt depts

In January 2019, for the first time, India issued 207 HSN codes for technical textiles and in less than 2 years, it became a net exporter

06 Nov 2021 11:17 AM

A pump attendant fills petrol at a petrol pump station. (PTI)

Centre cuts excise duty on petrol by Rs 5, diesel by Rs 10 on Diwali eve

Finance Ministry urged the states 'to commensurately reduce' VAT on petrol and diesel to give relief to consumers

03 Nov 2021 10:11 PM

Increasing maturity of gamers, comfort to pay online and UPI Integration in gaming apps are some of the factors supporting growth of paying users. — Representational image/DC

Gaming time up by 45% during pandemic

Monthly game downloads have increased by 50 per cent in the past one year

02 Nov 2021 9:06 AM

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) also rose to 55.9 in October from 53.7 in September. — DC file image

Recovery gets festive boost

The GST revenues for Oct. is the second highest ever since its introduction, second only to that in April 2021

02 Nov 2021 8:58 AM

Sabyasachi advertisement on Mangalsutra campaign (Facebook)

Sabyasachi withdraws Mangalsutra campaign advertisement amid controversy

The withdrawal also came hours after MP Minister Narottam Mishra issued an ultimatum to Sabyasachi Mukherjee to withdraw the advertisement

01 Nov 2021 11:20 AM

Hiring for technology professionals too has been happening as the industry too is embracing new age technologies like artificial intelligence, machine learning and augmented reality. — Representational image/By arrangement

Incremental hiring up in travel, hospitality

Revival in domestic travel to tourist spots has seen hiring of housekeeping staff, travel consultants, tour guides, visa consultants

01 Nov 2021 9:48 AM

Banks will have to complete a staff accountability exercise within six months from the date of classification of an account as NPA. — Representational image/By arrangement

New rules to shield honest bank staff

Punitive action needs to be taken against the officers having malafide intent/involvement

01 Nov 2021 9:45 AM

The price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre and Rs 115.15 per litre in Mumbai. (PTI file photo)

Petrol, diesel prices hiked for 4th straight day; petrol crosses Rs 120 mark in MP

Prices differ from state to state, depending on the incidence of local taxes and cost of transportation

31 Oct 2021 10:56 AM

The gold trade has been stocking the metal to take advantage of the price correction. (Photo: PTI/Representational)

9-month gold imports double of demand

In the first nine months of 2021, the country imported an aggregate of 778 tonnes of gold-more than double the demand of 360.2 tonnes

29 Oct 2021 7:46 AM

A doctor examines a man for the symptoms of mucormycosis at a government hospital in Mumbai, May 25, 2021. (Photo: AP/File)

Healthcare sees high attrition; staff suffer burnout, anxiety

In a survey by job portal Indeed, 92 per cent of the employers cited difficulty in attracting new talent

29 Oct 2021 7:41 AM

Finance Minister Nirmala Sitharaman (PTI)

Sitharaman to attend G-20 joint finance, health ministers meet in Rome

Finance and health ministers will discuss how to keep momentum on response to pandemic

28 Oct 2021 10:09 AM

Indian Youth Congress (IYC) activists during a protest against the recent price hike of fuel, diesel and the Liquefied Petroleum Gas (LPG) cylinder near India's petroleum minister Hardeep Singh Puri's home, in New Delhi. (PTI/File)

Small LPG cylinder sale via ration shops on anvil

The moves come amidst indications that the Centre is planning to raise LPG prices in the first week of November

28 Oct 2021 8:15 AM

The share of engineering goods in total merchandise export was 26.65 per cent in September 2021. — Representational image/AFP

Engineering exports reach half-way mark

Annualising the figure means we are well on track to achieve our target of $105 billion in FY22

25 Oct 2021 8:04 AM

In another promising start to the earnings season, state-owned Bank of Maharashtra (BoM) doubled its net profit at Rs 264 crore in the September quarter against Rs 130 crore in the same quarter last year on a sharp rise in net interest income and recovery from DHFL. — DC

IDBI Bank, BoM report rise in interest income

IDBI Bank’s net interest income rose 9 per cent at Rs 1,854 crore for Q2 FY22

22 Oct 2021 7:23 AM

The analysis found that the sales of smartphones have significantly jumped, with more and more discounts available on e-commerce platforms. — Representational image/DC

Festive smartphone sales to hit record

The highest-ever number is coming at a time when the global smartphone industry is facing component shortages

22 Oct 2021 7:17 AM

However, in the long-term, increasing income levels is a positive for gold demand. (Representational Image)

Changing saving habits a challenge to gold demand

Decreasing household savings is a challenge for gold demand in the shor- term

20 Oct 2021 9:15 AM

Prices are likely to inch up from that prevailing 12-18 months back. (Representational Image)

Home prices seen moving up in a year

Real estate prices have remained stagnant for six-seven years and have hit rock-bottom in recent times

20 Oct 2021 9:09 AM

The coverage under private pension arrangement is just about 6 per cent in India. (Photo: PTI/Representational)

Indian pension system ranks amongst worst

With little social security coverage, the workforce in India has to manage pension savings on its own for the most part

20 Oct 2021 9:00 AM

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Dilip Cherian