Global gold demand rose 10 per cent to 4,021.3 tonnes in 2021 on account of a massive 50 per cent surge in year-on-year demand — a 10-quarter high — during the December quarter, a report by the World Gold Council (WGC) said.The overall gold demand during 2020, which was impacted following Covid-19 related disruptions, stood […]
Telecom operators will have to provide recharge plans with a validity of 30 days for pre-paid customers, regulator TRAI said on Thursday. The move is expected to reduce the number of recharges done by a customer during a year.At present, telecom operators provide recharge plans with a validity of 28 days in the pre-paid segment […]
PNB Housing Finance on Thursday reported a 19 per cent decline in net profit at Rs 188 crore for the quarter ended December 2021, mainly on fall in core income as disbursements slipped. The non-banking finance company, promoted by state-owned Punjab National Bank (PNB), had reported a net profit of Rs 232 crore in the […]
Senior ureaucrat Vikram Dev Dutt has been appointed as the chairman and managing director of Air India Ltd as part of a senior-level bureaucratic reshuffle affected by the Centre on Tuesday.Dutt is a 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre.He has been appointed as the Air India chief in […]
The Ministry of Electronics and Information (MeitY) has sought applications from 100 academia, R&D organisations, start-ups and MSMEs under its Chips to Startup (C2S) Programme. The C2S programme aims to train 85,000 number of high-quality and qualified engineers in the area of Very large-scale integration (VLSI) and embedded system design as well as result in […]
Equity benchmark Sensex tumbled over 400 points in opening trade on Friday, tracking heavy selling pressure across counters amid a negative trend in global markets. he BSE index was trading 434.59 points or 0.71 per cent lower at 60,800.71 in early trade. Likewise, the Nifty declined 111.10 points or 0.61 per cent to 18,146.70.HCL Tech […]
When sentiments about future inflation are on the higher side, households change their savings portfolio with respect to bank deposits, according to a working paper released by the Reserve Bank of India (RBI) on Tuesday. Inflation expectations play a vital role in regulating households’ consumption behaviour and consequent savings, said the paper titled ‘Taking Cognisance […]
Billionaire Mukesh Ambani’s Reliance Industries Ltd on Saturday announced acquisition of New York’s premium luxury hotel Mandarin Oriental for USD 98.15 million. Set up in 2003, Mandarin Oriental, New York is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.”Reliance Industrial Investments and Holdings Limited […]
Union Minister Smriti Irani on Thursday urged the company secretaries to look beyond corporate governance and play an important role in bringing together the organised as well as unorganised sectors in the country. Virtually addressing the three-day 49th national convention of the Institute of Company Secretaries of India (ICSI) an apex body of company secretaries […]
Union Minister Nitin Gadkari on Tuesday said one of his missions is to reduce the usage of steel and cement in road construction as these companies indulge in cartelisation. Road Transport and Highways Minister Gadkari said that he is not very happy with the approach of steel and cement companies and stressed that there was […]