News News

India, EIB sign contract for second tranche of funding for Pune Metro Rail

India, EIB sign contract for second tranche of funding for Pune Metro Rail

New Delhi, May 7 (IANS) The Indian government and the European Investment Bank (EIB) on Friday signed the finance contract for second tranche of 150 million euros for the Pune Metro Rail project, through a virtual signing ceremony.The signing ceremony was held in the presence of Portugal's Secretary...

Readmore

J&K Lt Governor releases compendium of 1,100 JKIDFC projects

J&K Lt Governor releases compendium of 1,100 JKIDFC projects

Jammu, May 7 (IANS) Jammu and Kashmir Lt Governor Manoj Sinha on Friday released a compendium giving details of 1,100 projects of public importance worth Rs 1555.16 crore completed by the J&K Infrastructure Development Finance Corporation (JKIDFC).On this occasion, he emphasised the need for expedit...

Readmore

TVS Motor, Sundaram Clayton pledge Rs 40 cr for Covid relief

TVS Motor, Sundaram Clayton pledge Rs 40 cr for Covid relief

Chennai, May 7 (IANS) Two-wheeler major TVS Motor, its group companies and Sundaram Clayton Limited have pledged Rs 40 crore to strengten India's fight against the Covid-19 pandemic."The funds will be utilised to provide lifesaving supplies such as oxygen concentrators, PPE kits, medicines and medic...

Readmore

Telecom industry cautions against rumours of 5G causing Covid

Telecom industry cautions against rumours of 5G causing Covid

New Delhi, May 7 (IANS) The telecom and the related infrastructure industry have come together to refute rumours that 5G connectivity is causing the second wave of Covid-19. Industry bodies have cautioned the public against falling prey to such misinformation.In a joint statement on Friday, the Cell...

Readmore

China's export rebate withdrawal augurs well for Indian steel exporters: ICRA

China's export rebate withdrawal augurs well for Indian steel exporters: ICRA

Mumbai, May 7 (IANS) Withdrawal of export rebates by China augurs well for Indian steel exporters and will also support buoyancy in international steel prices, ratings agency ICRA said on Friday.China's steel exports have been on an uptrend in the current year and grew sharply by 24 per cent YoY in ...

Readmore

Financial markets heading for biggest inflation scare since early 1980s: Greed and Fear

Financial markets heading for biggest inflation scare since early 1980s: Greed and Fear

New Delhi, May 7 (IANS) It is interesting that FAANG stocks still look like they have peaked out against the S&P500 despite the fantastic quarterly earnings reported by these companies last week, according to "Greed and Fear".Jefferies analyst Christopher Wood, in his stock market commentary "Greed ...

Readmore

IndiGo to explore options to raise liquidity

IndiGo to explore options to raise liquidity

Mumbai, May 7 (IANS) The board of private airline IndiGo on Friday decided to continue exploring all options to increase its liquidity.In a regulatory filing, the company said that its board at its meeting held on May 7, deliberated the possibility of raising funds for the company through a qualifie...

Readmore

Punjab CM announces support for 10-yr-old road vendor's education

Punjab CM announces support for 10-yr-old road vendor's education

Chandigarh, May 7 (IANS) Moved by the plight of 10-year-old Vansh Singh, whose video of selling socks on Ludhiana roads to support his family had gone viral, Punjab Chief Minister Amarinder Singh on Friday announced full government financial support for his education, besides Rs 2 lakh in immediate ...

Readmore

LIC relaxes claim settlement requirements amid Covid crisis

LIC relaxes claim settlement requirements amid Covid crisis

Mumbai, May 7 (IANS) Life Insurance Corporation of India (LIC) has given several relaxations in various claim settlement requirements to make the processes easier and hassle-free, keeping in view the safety of its customers amid the pandemic.The state-run insurer said that to facilitate speedy settl...

Readmore

RBI's Regulations Review Authority sets up advisory group

RBI's Regulations Review Authority sets up advisory group

Mumbai, May 7 (IANS) The Regulations Review Authority of the Reserve Bank of India (RBI) has constituted an advisory group to support it.The group will assist the RRA by identifying areas, regulations, guidelines and returns which can be rationalised and submit reports periodically to the RRA contai...

Readmore