ians News

Credit to large industries declines, inflow rises in services

Credit to large industries declines, inflow rises in services

Mumbai, March 1 (IANS) As credit flow from banks improve with the acceleration in economic activities post the gradual lifting of the lockdown restrictions, credit growth has not been on the same lines across sectors.As per the the Reserve Bank of India's data, loans towards large industries decline...

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Bounce Back: GDP numbers, auto sales lift market

Bounce Back: GDP numbers, auto sales lift market

Mumbai, March 1 (IANS) India's key equity benchmark indices staged a bounce back on healthy Q3FY21 GDP growth numbers during Monday's Trade session.Accordingly, investors' sentiments were buoyed as India exited the technical recession phase with healthy GDP numbers, improving auto sales and steady P...

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'Govt committed to support travel & hospitality sector'

'Govt committed to support travel & hospitality sector'

New Delhi, March 1 (IANS) Union Minister Nitin Gadkari on Monday said that with the goal of Aatmanirbhar Bharat, the government is committed to create multiple opportunities for MSMEs, boost tourism with the help of upcoming infrastructure projects.Addressing the webinar on 'MSME Travel and Hospital...

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Bank credit to grow 400-500 bps higher at 9-10% next fiscal

Bank credit to grow 400-500 bps higher at 9-10% next fiscal

Mumbai, March 1 (IANS) Bank credit is seen growing 400-500 basis points (bps) higher at 9-10 per cent next fiscal as the Indian economy recovers, supported by budgetary stimulants and measures announced by the Reserve Bank of India (RBI), Crisil said on Monday.The ratings agency has already raised I...

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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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