Business News

NCLT rejects Jet employees' plea for copy of Jalan's resolution plan

NCLT rejects Jet employees' plea for copy of Jalan's resolution plan

Mumbai, Feb 23 (IANS) A top corporate tribunal has rejected the plea of Jet Airways employees seeking a copy of the resolution plan of the successful consortium of Murari Lal Jalan and Kalrock Capital.The consortium's resolution plan has been accepted to restart the now defunct airline.According to ...

Readmore

India, AIIB sign agreement to improve Assam power transmission

India, AIIB sign agreement to improve Assam power transmission

New Delhi, Feb 23 (IANS) India and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project to improve reliability, capacity and security of the power transmission network in the northeastern sta...

Readmore

SMEs plan to expand business as economy revives: Survey

SMEs plan to expand business as economy revives: Survey

New Delhi, Feb 23 (IANS) A majority of the small and medium enterprises (SME) in the country plan to expand their businesses going ahead as the economy revives, showed the SME Leasing & Business Sentiment Survey by 360 Realtors' commercial division.In a statement, 360 Realtors noted that business ac...

Readmore

Indices snap five-day losing streak but end up flat

Indices snap five-day losing streak but end up flat

New Delhi, Feb 23 (IANS) India's benchmark equity indices snapped a five-day losing streak but only managed to close Tuesday's trade session on a flat-to-positive note.The S&P BSE Sensex closed at 49,751.41, up by just 7.09 points, or 0.01 per cent, from its previous close of 49,744.32 points.The Ni...

Readmore

RIL to focus on green energy

RIL to focus on green energy

New Delhi, Feb 23 (IANS) Standalone RIL's plan to foray into green energy will be also be liked by investors, brokerage Nomura said in a note.It said Reliance has indicated that it plans to build an optimal mix of reliable, lean and affordable energy using solar, wind and batteries. The new energy b...

Readmore

Upskilling a priority for small businesses in India: Report

Upskilling a priority for small businesses in India: Report

Bengaluru, Feb 23 (IANS) Upskilling has become a priority for small businesses this year and majority of the demand for skilling programmes is being received from merchants in Tier II and III cities, a new report said on Tuesday.Upskilling programmes on digital marketing, finance and fund-raising sa...

Readmore

Pandemic, investment curbs help India reduce trade deficit with China

Pandemic, investment curbs help India reduce trade deficit with China

New Delhi, Feb 23 (IANS) The disruptions caused by Covid pandemic and additional checks on investment helped India to reduce its widening trade deficit with China in 2020.As per official data, India's trade deficit with China declined by 19.39 per cent from $56.95 billion in 2019 to $45.91 billion i...

Readmore

United Spirits initiates strategic review of brands

United Spirits initiates strategic review of brands

New Delhi, Feb 23 (IANS) United Spirits Ltd (USL) is initiating a strategic review of selected popular brands, continuing the strategy towards long-term profitable growth through premiumising the companys portfolio.USL's popular portfolio comprises around 30 brands and the strategic review will focu...

Readmore

DGCA clearance for Kushinagar airport in Uttar Pradesh

DGCA clearance for Kushinagar airport in Uttar Pradesh

Lucknow, Feb 23 (IANS) The Directorate General of Civil Aviation (DGCA) has given necessary clearance to Kushinagar airport, to make it Uttar Pradesh's third licensed international airport.Civil Aviation Minister Hardeep Singh Puri, on Tuesday, tweeted that Uttar Pradesh got its third international ...

Readmore

Samsung launches new single-door refrigerators in India

Samsung launches new single-door refrigerators in India

New Delhi, Feb 23 (IANS) Samsung on Tuesday launched a new range of 'Digi-Touch Cool TM 5-in-1' single-door refrigerators in India at a starting price of Rs 17,990.The new refrigerators come with an advanced digital touch technology that will empower consumers to control their refrigerator settings ...

Readmore