With the Union Budget nearing, excise duty on cars is back as a topic of debate.
Saas Bahu Aur Flamingo overdoses on sex, violence and drugs without an inkling of plot or purpose, feels Sukanya Verma.
Back home, the Nifty IT index - a gauge of the performance of the IT stocks on the National Stock Exchange (NSE) that has closely mirrored the performance of NASDAQ over the past few years - has lost nearly 2 per cent in CY23.
Investors seem to be shying away from stocks of companies in the 'digital' space with most counters that comprise the Nifty India Digital index giving negative returns over the past year. The index tracks the performance of a portfolio of stocks that broadly represent the 'digital theme' within basic industries, such as software, e-commerce, IT-enabled services, industrial electronics, and telecom services. The fall in some of these stocks over the past year has been steep; the sharpest decline of around 60 per cent was seen in shares of PB Fintech (parent company of Policybazaar).
Eat healthy with these nutritious laddoos.
B C Khanduri, who was elevated to Cabinet rank in the Ministry of Road Transport and Highways, and Rajiv Pratap Rudy, who was given independent charge of the civil aviation ministry, were among those who joined work on Monday.
The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no spending restrictions on the ministries of health, rural development, agriculture, MSME (micro, small and medium enterprises) and railways as part of a two-pronged strategy. "The existing guidelines for expenditure control have been reviewed. "Keeping in view the evolving situation arising out of Covid-19 and anticipated cash position of the government, it is felt essential to regulate Quarterly Expenditure Plan (QEP)/Monthly Expenditure Plan (MEP) of specific ministries/departments for July-September, 2021," the Department of Economic Affairs in the finance ministry said in a notification.
The government on Thursday decided to provide budgetary support of Rs 141.41 crore (Rs 1.41 billion) to 16 central public sector undertakings to enable them to pay pending salaries and statutory dues of their employees.
The new Congress-led government on Tuesday promised to 'revitalise' sick public sector units and strictly adhere to the roadmap laid out for divestment of public sector units in the Common Minimum Programme to be unveiled this week.
The government on Tuesday said it would completely exit Maruti Udyog Ltd.
Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.
South Korean engineering behemoth Hyundai plans to set up an engineering company in India focussed solely on the petroleum sector.
Around $20 million were spent over eight years on the development of the tank.
A task force set up by the heavy industry department will examine the definition of "small car" and suggest ways, including changes in the fiscal policy, to turn India into a manufacturing hub for such cars.\n\n
"It has been decided to sell 8 per cent equity in Maruti," Heavy Industries and Public Enterprises Minister Santosh Mohan Deb told reporters after the meeting of Cabinet Committee on Economic Affairs on Friday.
Shiv Sena leader and Heavy Industries Minister Balasaheb Vikhe-Patil on Saturday resigned from the Union Cabinet.
In a bid to improve coordination between the party and the government, at least one Union minister will be available at the BJP headquarters everyday starting Wednesday to hear grievances and suggestions from partymen.
The department of investment and public asset management is scouting for investment bankers and legal advisors to carry forward the transactions.
Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent, after Reliance Industries said its Rs 24,713-crore deal to acquire Future Group's assets cannot be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal. The stock of Future Consumer plummeted 19.91 per cent, Future Supply Chain Solutions slipped 19.96 per cent, Future Lifestyle Fashions 19.89 per cent, Future Enterprises tumbled 9.87 per cent and Future Retail fell 4.96 per cent on the BSE. Shares of Reliance Industries also dipped 1.75 per cent.
Concerned over the staggering Rs 2,100 crore (Rs 12 billion) statutory dues of ailing public sector undertakings in the midst of a cumbersome and time consuming winding up process
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
The mid-cap index fell while small-cap advanced.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
'Every time a new tech comes in, there are a set of people who will predict that this will be the end of Indian IT and every time the Indian IT industry and overall technology providers have proven to be resilient.'
Heavy Industries Minister Santosh Mohan Dev will meet Finance Minister P Chidambaram on January 25 to work out the modalities for divestment in Maruti and BHEL.
Tata Steel was the top loser in the Sensex pack, plunging over 8 per cent, followed by SBI, Dr Reddy's, Kotak Bank, Sun Pharma, Bajaj Auto and L&T. NSE Nifty declined 118.35 points or 0.71 per cent to 16,450.50.
From the Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, Reliance Industries were among the major laggards. Bucking the trend, auto stocks Tata Motors and Mahindra & Mahindra closed with gains.
Union Heavy Industries Minister Balasaheb Vikhe Patil said on Monday that he favours offloading up to 30 per cent equity in public sector undertakings through a public issue.
General Motors India on Monday unveiled Sports Utility Vehicle Chevrolet Forester and said it would invest Rs 1600 crore (Rs 16 billion) in the next two years to upgrade its facility here.
