New Delhi:ย India has officially exited the technical recession phase that was brought about by the Covid-19 pandemic. Accordingly, official data on Friday showed that the country’s Q3FY21 GDP grew by 0.4 per cent. Though not comparable, the GDP had grown by 3.3 per cent in the corresponding quarter of FY2019-20. India had entered technical recession […]
Category: Business
SC notice on Amazon plea seeking interim relief on Rs 24,713Cr RIL-Future deal
New Delhi:ย The Supreme Court on Monday issued notice on a plea by Amazon seeking interim relief challenging a High Court order, which allowed Rs 24,713 crore RIL-Future deal to proceed. The top court also restrained the NCLT from passing final orders on the amalgamation. A bench headed by Justice R.F. Nariman issued notices to Future […]
Odisha’s economy expected to contract by 4.92% in 2020-21
Bhubaneswar |ย The economy of Odisha is expected to contract by 4.92 per cent in 2020-21 due to the impact of the Covid-19 pandemic, as per the Economic Survey Report 2020-21 released on Saturday. The economy of Odisha has grown at 7.1 per cent per annum during the period 2012-13 to 2019-20 and is expected to […]
In a first, non-premium petrol breaches Rs 100-mark in Raj
Jaipur |ย Continuing its northbound trend in Rajasthan, the price of non-premium petrol crossed the Rs 100-mark for the first time in Sriganganagar district on Wednesday to reach Rs 100.13 per litre, while diesel price stood at Rs 92.12 a litre. Despite the recent reduction in VAT by 2 per cent by the state government, there […]
Amazon favoured big sellers on its India platform: Report
New Delhi |ย Amazon documents have revealed the companys strategy to dodge Indias regulators, a global newswire reported on Wednesday. The report said that two more sellers on the e-commerce giant’s India platform โ merchants in which Amazon had indirect equity stakes โ accounted for around 35 per cent of the platform’s sales revenue in early […]
Petrol, diesel prices rise close to Rs 3/l in 9 days
New Delhi |ย Petrol and diesel prices maintained its northward rally on Wednesday, the ninth consecutive day, when its retail prices have risen across the country, with global oil market on the boil and both crude and product prices seeing a major spike. Accordingly, oil marketing companies raised the pump price of petrol and diesel by […]
Petrol crosses Rs 95/litre in Mumbai, nears Rs 90 in Delhi
New Delhi:ย Oil marketing companies continued to hike fuel prices with both petrol and diesel prices rising across the four metros. In Mumbai, petrol crossed the Rs 95 per litre mark on Sunday. It was priced at Rs 95.21 per litre, against Rs 94.93 on Saturday. In the national capital, petrol is well on its course […]
Petrol, diesel prices rise sharply again on Friday
New Delhi:ย Petrol and diesel prices extended gains on Friday with pump prices rising by 29 paisa and 35 paisa per litre, respectively in the national capital. With this increase, it is for the fourth consecutive day this week that petrol prices has gone up in Delhi and is now Rs 88.14 a litre and diesel […]
Adani Group acquires 23.5% stake in Mumbai International Airport
Mumbai:ย Adani Group’s flagship holding company Adani Airport Holdings Ltd (AAHL) has acquired 23.5 per cent stake in the Mumbai International Airport Ltd (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd (Bidvest) for Rs 1,685.25 crore. In a regulatory filing, Adani Enterprises said that AAHL has acquired 28.20 crore equity shares of […]
FY22 GDP growth seen at 10.5%: RBI Governor
Mumbai:ย After an estimated contraction in the current financial year, India’s GDP is expected to grow at 10.5 per cent in FY2021-22, said RBI Governor Shaktikanta Das on Friday. In a video statement after the Monetary Policy Committee’s bi-monthly meet, Das said that growth in the first half of FY22 is projected to be in the […]