Business News

Intervention Impact: RBI expected to rein-in rising rupee (Currency Watch)

Intervention Impact: RBI expected to rein-in rising rupee (Currency Watch)

<br>Experts contend that effects of large FIIs' inflows will be neutralised by the RBI as it aims to keep the country's exports competitiveness."Rendezvous with 73 is becoming interesting, with RBI defending it and showing resolve that chunky capital flows should not lead to a strong rupe...

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Bullet Train Project: 7 cos willing to construct undersea tunnel

Bullet Train Project: 7 cos willing to construct undersea tunnel

<br>A National High Speed Rail Corporation Limited (NHSRCL) official told IANS, "Seven Indian companies had participated in pre bid meeting for constructing the undersea tunnel of the corridor."The official said that the tender for the construction of the tunnel has been floated and ...

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Stock markets' volatility set to flare up as Budget nears (Market Watch)

Stock markets' volatility set to flare up as Budget nears (Market Watch)

<br>In general, investors expect higher government Capex along with other fiscal expansion measures to drive growth and neutralise the impact of the Covid-19 pandemic. Besides, a string of macro-economic data, derivatives expiry and global cues such as US Fed policy will add to this volatility...

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Commercial flight services resume in Sikkim after 19 months

Commercial flight services resume in Sikkim after 19 months

Gangtok, Jan 23 (IANS) Commercial passenger flight services at Sikkims lone airport at Pakyong near Gangtok resumed on Saturday after a gap of about 19 months.A SpiceJet aircraft with 57 passengers from Delhi landed at the Pakyong airport, as Sikkim Health Minister M.K. Sharma welcomed the traveller...

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Mobile industry raises demand for GST rate cut in Budget

Mobile industry raises demand for GST rate cut in Budget

New Delhi, Jan 23 (IANS) Industry body India Cellular and Electronics Association (ICEA) has renewed its demand for reducing Goods and Services Tax (GST) for the mobile industry ahead of the Union Budget to be presented on February 1.Terming the GST hike of 50 per cent in March 2020 as "a cruel blow...

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South Central Railway ships bananas in containers to JNPT

South Central Railway ships bananas in containers to JNPT

Tadipatri (Andhra Pradesh), Jan 23 (IANS) For the first time, bananas have been transported by train in freezer containers from Tadipatri station in Guntakal division of the South Central Railway (SCR) zone to Jawaharlal Nehru Port Trust (JNPT) in Mumbai for onward export to Middle Eastern countries...

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Future bright as Global VC funding soars $300.5 bn: KPMG (Ld)

Future bright as Global VC funding soars $300.5 bn: KPMG (Ld)

New Delhi, Jan 23 (IANS) The Covid-19 pandemic had little impact on the deal street as global VC funding in 2020 was $300.5 billion - up from $281.6 billion in 2019 and second only to 2018's record $329.7 billion despite a drop in deal volume, the latest edition of a KPMG report said on Saturday.The...

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Fiscal support for growth in 2020 decade likely to be lower, says report

Fiscal support for growth in 2020 decade likely to be lower, says report

Mumbai, Jan 23 (IANS) The fiscal support toward economic growth in the 2020 decade is expected to be lower than in the previous corresponding period, Motilal Oswal Financial Services said in a report.According to the report, the likely lower support will be caused due to Centre's efforts for fiscal ...

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FY21 NH construction pace to improve EPC players' performance: Report

FY21 NH construction pace to improve EPC players' performance: Report

New Delhi, Jan 23 (IANS) The record construction pace of national highways in FY21 coupled with the recent government measures is expected to improve the operational performance of engineering, procurement and construction companies in the road sector, India Ratings and Research (Ind-Ra) said in a r...

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Pre-buying before OEMs price hikes, lifted Dec vehicle demand: Ind-Ra

Pre-buying before OEMs price hikes, lifted Dec vehicle demand: Ind-Ra

New Delhi, Jan 23 (IANS) Pre-buying of vehicles before OEMs' price hikes lifted demand in December, said India Ratings and Research (Ind-Ra).The domestic automobile industry's growth momentum had continued in December 2020, even after the festive season."This was mainly due to the increased demand a...

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