Business News

HMSI's total sales up 29% in February

HMSI's total sales up 29% in February

New Delhi, March 1 (IANS) Honda Motorcycle & Scooter India on Monday reported a rise of 29 per cent in its total sales for February.Accordingly, the company's domestic sales rose 442,696 units last month as compared to 342,021 units sold last year.The company's domestic sales grew 31 per cent to 411...

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Siemens completes Rs 2K cr acquisition of C&S Electric in India

Siemens completes Rs 2K cr acquisition of C&S Electric in India

Mumbai, March 1 (IANS) Siemens on Monday announced that it has completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year.As per the agreement, Siemens acquired around 99.22 per...

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Hero MotoCorp's Feb sales up 1.45%

Hero MotoCorp's Feb sales up 1.45%

New Delhi, March 1 (IANS) Two-wheeler major Hero MotoCorp on Monday reported a rise of 1.45 per cent in its total sales during February.Accordingly, the company sold 505,467 units of motorcycles and scooters last month from an off-take of 498,242 units in February 2020."The growth in sales - despite...

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Bids worth Rs 77K cr received for spectrum auction

Bids worth Rs 77K cr received for spectrum auction

New Delhi, March 1 (IANS) The first day of the much anticipated telecom auctions attracted Rs 77,146 crore of bids, said Telecom Minister Ravi Shankar Prasad.Bidding took place for spectrum in 800 MHz, 900 Mhz, 1,800 MHz, 2,100 MHz and 2,300 MHz bands. However, the participants did not bid in 700 MH...

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BPCL board approves sale of its equity in Numaligarh Refinery

BPCL board approves sale of its equity in Numaligarh Refinery

New Delhi, March 1 (IANS) Privatisation bound public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said on Monday that its board has approved the proposal for sale of the company's equity shares in the Numaligarh Refinery Ltd (NRL) to a consortium of Oil India Limited and Engineers India Li...

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Goyal asks BIS to create Customer Charter for transparency

Goyal asks BIS to create Customer Charter for transparency

New Delhi, March 1 (IANS) Union Minister of Consumer Affairs, Food & Public Distribution, Railways and Commerce & Industry Piyush Goyal on Monday instructed the Bureau of Indian Standards (BIS) to create a Customer Charter to usher in the highest transparency in its certification process and inspect...

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Noida Int'l Airport signs support pact with UP govt

Noida Int'l Airport signs support pact with UP govt

New Delhi, March 1 (IANS) The Noida International Airport (NIA) on Monday entered into a 'state support agreement' with UP state government.Accordingly, the agreement lays down the state government's support to establish and continuously improve surface access to the airport, establish and expand ut...

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February GST collection stands at Rs 1.13 lakh Cr

February GST collection stands at Rs 1.13 lakh Cr

New Delhi, March 1 (IANS) The gross GST revenue collected in February 2021 increased 7 per cent on a year-on-year basis to over Rs 1.13 lakh crore.Out of the total good and service tax collection of Rs 1,13,143 crore, CGST was Rs 21,092 crore, SGST was Rs 27,273 crore, IGST was Rs 55,253 crore, incl...

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SP Group's litigation stalls resolution process for RHFL

SP Group's litigation stalls resolution process for RHFL

Mumbai, March 1 (IANS) The debt resolution process of Reliance Home Finance Ltd (RHFL), which is at the final stages, has been hit by the Shapoorji Pallonji (SP) Group's litigation against the home finance company.The lenders of RHFL are unable to proceed with the resolution process due to a coerciv...

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BOC Aviation, IndiGo ink aircraft purchase-and-leaseback pacts

BOC Aviation, IndiGo ink aircraft purchase-and-leaseback pacts

New Delhi, March 1 (IANS) Global aircraft leasing company BOC Aviation on Monday said it has signed a purchase-and-leaseback agreements with InterGlobe Aviation for eight new Airbus A320NEO aircraft.Accordingly, these aircraft will be powered by 'CFM Leap' engines and are scheduled to be delivered i...

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