ians News

Airline industry expected to stay cash negative in 2021: IATA

Airline industry expected to stay cash negative in 2021: IATA

New Delhi, Feb 24 (IANS) Airlines are expected to remain cash negative until 2022, the International Air Transport Association's analysis showed on Wednesday.However, previous analysis in November 2020 indicated that airlines would turn cash positive in the fourth quarter of 2021.Estimates for cash ...

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Industry players welcome budget announced by Raj CM

Industry players welcome budget announced by Raj CM

Jaipur, Feb 24 (IANS) Industry players have welcomed the Budget announced by Chief Minister Ashok Gehlot on Wednesday."The Rajasthan Budget 2021-22 is an exemplary budget in extraordinary times and lays a strong foundation for the sustainable development of the state," said Ashok Kajaria, Chairman, ...

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Flipkart plans to deploy 25K electric vehicles by 2030

Flipkart plans to deploy 25K electric vehicles by 2030

Bengaluru, Feb 24 (IANS) A day after Amazon India said it has deployed nearly 100 Mahindra Treo Zor three-wheelers, e-commerce marketplace Flipkart on Wednesday said it will deploy more than 25,000 electric vehicles in its supply chain by 2030.Flipkart said it has already started piloting and deploy...

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Mangaluru to be next big IT cluster in Karnataka: Minister

Mangaluru to be next big IT cluster in Karnataka: Minister

Mangaluru, Feb 24 (IANS) Mangaluru on the west coast would be the next IT and IT services industry cluster in Karnataka after Bengaluru, said state Deputy Chief Minister C.N. Ashwath Narayan on Wednesday. "We have identified the port city of Mangaluru as the next IT and IT e-service industry cluster...

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'Monetise & modernise' is our motto: PM on disinvestment

'Monetise & modernise' is our motto: PM on disinvestment

New Delhi, Feb 24 (IANS) Reiterating the government's commitment towards privatisation of PSUs and asset monetisation, Prime Minister Narendra Modi on Wednesday said that the motto of his government is to "monetise and modernise".Addressing a webinar on the Budget announcements for Department of Inv...

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Embargo lifted on pvt banks to conduct govt business

Embargo lifted on pvt banks to conduct govt business

New Delhi, Feb 24 (IANS) The government has lifted the embargo on private sector banks to undertake Central and state government business, which is still a forte of the public sector banks and three large private players in a limited way -- ICICI Bank, Axis Bank and HDFC Bank.With the permission, al...

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Brahminpura village in MP sets example in prohibition

Brahminpura village in MP sets example in prohibition

<br>In Brahminpura village, women raised their voice for prohibition. As a result of this, alcohol is not consumed or served during wedding ceremonies or any other social events in the village. A person who comes to the village after drinking liquor is fined Rs 500 to Rs 1,000.The prohibition ...

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SEBI seeks detailed report from NSE of 'trading halt'

SEBI seeks detailed report from NSE of 'trading halt'

New Delhi, Feb 24 (IANS) Taking note of the around four-hour-long "trading halt" on the National Stock Exchange (NSE), SEBI has directed the bourse to carry out a detailed analysis of the incident and submit its report to the regulator at the earliest.In a statement, the capital market regulator has...

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Govt's Rs 7,350 cr PLI push for IT hardware manufacturing

Govt's Rs 7,350 cr PLI push for IT hardware manufacturing

New Delhi, Feb 24 (IANS) In a major boost for domestic manufacturing of IT hardware ranging from laptops, PCs to servers, the Union Cabinet on Wednesday approved the Production Linked Incentive (PLI) Scheme for IT Hardware, entailing a cost of around Rs 7,350 crore.The scheme proposes production lin...

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Sensex up 1,000 pts as trading session extended (Ld)

Sensex up 1,000 pts as trading session extended (Ld)

Mumbai, Feb 24 (IANS) The BSE Sensex soared over 1,000 points on Wednesday afternoon after the trading session for the equities and equities derivatives segment was extended till 5 p.m.Around 4.30 p.m., the Sensex was at 50,782.40, higher by 1,030.99 points or 2.07 per cent from the previous close o...

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