Investments by private equity and venture capital funds doubled to a record high of $9.5 billion in July mainly driven by higher investor interest in the e-commerce sector, a report said on Monday. Private equity (PE) and venture capital (VC) investments stood at $4.1 billion in the year-ago period. The activity was higher by 77 per cent when compared to June's $5.4 billion, the report on monthly PE/VC investment activity by industry lobby IVCA and consultancy firm EY said.
The shutdown has been complete in not only major cities like Kohima, Dimapur and Mokokchung, but even smaller towns such as Tuli, Jalukie, Pfutsero, CNCCI president Khekugha Muru told PTI.
The only fuel that showed growth was LPG as the government dole of free cooking gas cylinders to poor households fired up consumption by 21 per cent during April 1 to 15.
Recipients of these damaged mementos have been given the option to either seek a refund of their bid amount or get a replacement for these broken items.
Stating that growth impulses and the fast-moving indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence of the economy clipping at the projected 9.5 per cent this fiscal. Giving all the credit for the faster-than-expected recovery of the economy to the government, Das said the central bank has only been supporting the government in reviving the economy ravaged by the pandemic. Citing a slew of measures the government has taken since the pandemic struck in March 2020, the governor specifically mentioned tax cuts on fuels, tax resolution for the telecom sector, annulling of the retro tax legislation, sale of Air India, plans to sell some of the public sector banks and PLI scheme as the major reforms and growth-drivers bearing fruits now.
A look at the top five bowlers, who are expected to make a difference in IPL 2022.
The Central Railway has decided to operate its suburban services in Mumbai division on Sunday time table, which means it will ply fewer trains, compared to weekdays when trains are run in full capacity.
Work is underway in identifying global companies in sectors ranging from electronics, auto components and medical equipment to shift part of their existing or incremental manufacturing to India.
Mobile services and internet remained suspended for the 16th consecutive day, while landline telephone services in many areas also remained affected.
There was an environment of "indifference" towards the use of technology in governance before 2014 due to which the poor and the middle class suffered the most, Prime Minister Narendra Modi said on Friday. He asserted the current government has ensured last-mile delivery of services with the help of technology, including drones. Addressing a gathering after inaugurating India's biggest drone festival in Delhi, he said, "At a time when we are celebrating Azadi ka Amrit Mahotsav, it is my dream that everyone in India should have a smartphone in his or her hand, every farm should have a drone and every house should have prosperity." The enthusiasm being seen in India about drone technology is amazing and indicates possibilities of an emerging sector of employment generation, the prime minister said.
People in Bhopal, Indore and Jabalpur woke up to a quieter outdoor and deserted streets on Sunday as the coronavirus-triggered lockdown came into force in these three cities of Madhya Pradesh.
At least two of them - Lava and Micromax - are arming themselves against the Chinese rivals which made them insignificant in the local market over the past few years.
Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said. Rapid vaccination and teeming festivities will push India's ongoing recovery resulting in narrowing of demand-supply mismatches and greater employment opportunities, as per the monthly Economic Review prepared by the ministry.
Even as the lockdown remains in force till June 30, the Maharashtra government, as part of the phase-wise reopening of the economy and public activities under 'Mission Begin Again', has allowed private offices to resume operations with 10 per cent staff. Since the lockdown came into force in March, regular operations of BEST buses were suspended and services were available only for the essential services staff and health workers.
Union home secretary Ajay Bhalla issued an order excluding the non-essential items from sale by the e-commerce companies from the consolidated revised guidelines, which listed the exemption given to the services and people from the purview of the lockdown.
The Madras High Court has set aside a notification of the central government, fixing 120 kmph as the speed limit for vehicles plying on highways.
Umran was a net bowler during India's last World T20 campaign in the UAE.
Passengers complained that they had to wait a long time for Ola and Uber cabs, and added that those were available at inflated rates.
While he has been primarily a white-ball bowler, in 2020 during the first COVID-19 lockdown, Mohsin Khan got a rare chance to train with Mohammed Shami at his residential ground in Amroha.
For tennis-ball sensation Ramesh Kumar, the Rs 20 lakh contract with KKR has ensured that his father doesn't have to make a living as a cobbler and his mother no longer needs to criss-cross villages in Punjab's Fazilka district to sell bangles.
West Indies will again rely on a hardened bunch of Twenty20 specialists as they bid to retain their World Cup title, but are set for a stern test from India, out to secure a first global trophy under Virat Kohli, and an England team bidding to become champions in two formats.
Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms. He also said the country is well poised to meet the fiscal deficit target of 6.8 per cent of GDP. "At this stage, I can say confidently that we should be able to achieve that fiscal deficit number. "Any shortfalls that might happen on the disinvestment side will also be accompanied by positive surprises that have happened on tax revenue," he told reporters.
'Short term volatility is likely due to various factors, global and domestic; investors may use this as an opportunity to increase the allocation to equities.'
Public transport has resumed plying at many places in Kashmir and shops have been gradually reopening as more people are now carrying out their day to day activities
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
Friday prayers have not been allowed at Jamia Masjid - the grand mosque of Kashmir in downtown (old city area) - for the past over two months now.
The top court also asked the state governments of Punjab and Haryana to pursue the farmers for two weeks not to do stubble burning.
Earlier, in September, authorities seized around 3,000 kg of the drug at the Mundra port in Gujarat's Kutch district.
With its new line-up, the firm has managed to touch the right chords, but to regain market share from the established players, Micromax will have to fight a protracted battle.
Bala Devi is hoping for an Indian Super League-style women's league in the near future.
His time will be divided 50-50, he says, between his autorickshaw and his work as mayor.
The driver admitted that he was driving on the wrong side.
India will have 1 billion smartphone users by 2026 with rural areas driving the sale of internet-enabled phones, a Deloitte study said on Tuesday. India had 1.2 billion mobile subscribers in 2021, of which about 750 million are smartphone users. It is poised to be the second-largest smartphone manufacturer in the next five years. "The smartphone market is expected to reach 1 billion smartphone users by 2026," according to Deloitte's 2022 Global TMT (Technology, Media and Entertainment, Telecom) predictions.
Congress general secretary Priyanka Gandhi Vadra's office on Tuesday said the Uttar Pradesh government has demanded that the 1,000 buses the party wants to ply for ferrying migrant labourers back to the state be handed over in Lucknow on Tuesday morning and alleged that the move is politically motivated. It also alleged that the demand shows that the UP government lacks the intention to help those stranded at the state's borders.
The Central Consumer Protection Authority (CCPA) has issued notices to five e-commerce entities, including Amazon, Flipkart and PaytmMall, as well as various sellers for offering pressure cookers that are non-compliant with BIS norms. The notices were issued on November 18 to Flipkart, Amazon, Snapdeal, Shopclues and PaytmMall, and the sellers. As part of celebrations of 75 years of Independence - 'Azadi ka Amrit Mahotsav', CCPA has initiated a country-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders published by the Centre, the government said in a statement on Monday.
Tech major Lenovo on Thursday said it is significantly ramping up its local manufacturing capabilities in India across product categories like PCs, notebooks and smartphones to meet the increasing customer demand. While the company did not disclose the investment being made, Lenovo said it is expanding in India across all business lines, including PC and smart devices, smart phones, infrastructure solutions, and especially in the newly established services and solutions group. Lenovo has expanded its in-house PC manufacturing plant in Puducherry to include a third manufacturing line, while it has started local manufacturing of its tablet computers in partnership with Wingtech Technology in Tirupati, Andhra Pradesh.
'It has the potential to add half a trillion dollars to the economy over the next five years.'
The Delhi government has banned construction and demolition activities in the city till November 21.
Sreesanth is open to playing in overseas leagues and coaching roles
But demand has shown signs of pick up in the last 10 days of April after the government allowed resumption of economic activity beyond the urban municipal limit.
