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Pepsico to set up potato chips unit in UP
Lucknow: 'PepsiCo', the multinational food and beverages company is going to set up a new (greenfield) potato chips production unit in Uttar Pradesh with an investment of Rs 814 crore.
According to the government spokesman, the unit will…
Manappuram Finance raises Rs 400 cr through bonds
Mumbai: Manappuram Finance said on Tuesday that it has raised Rs 400 crore by issuing bonds on private placement basis.
In a regulatory filing, the company said that the Financial Recourse and Management Committee of its Board of…
Economic recovery progressing towards Q4 level of FY20: PHD Chamber
New Delhi: The continuous improvement in the key economic and business indicators signals that the worst is behind us and expectations of a positive GDP growth at 0.1 per cent to 2 per cent in Q3 and 2 per cent to 4 per cent in Q4 FY…
Buying triggers as UK’s mutant virus brings down stock prices
Mumbai: Healthy buying was witnessed at the country's domestic stock markets after concerns over a mutant strain of Covid-19 discovered in the UK dampened indices for the better part of Tuesday's trade session.
Resultantly, investors…
Sweden pushes ahead with 5G network building without Huawei amid icy relation with China
Stockholm , December 23 (ANI): Amid deteriorating relations with China, Sweden has decided to build its own 5G Network without Chinese firm Huawei.
The decision to exclude Huwaei was taken in the line of the latest public…
Wipro to takeover IT operations of German firm in $700m deal
Bengaluru: Global software major Wipro on Tuesday announced that its is taking over the IT operations of German food services firm Metro AG in a $700 million (Rs 5,171 crore) deal.
"As a part of the transaction, Wipro will take over the…
GST compensation shortfall: 8th tranche of Rs 6K Cr released to states
New Delhi: Ministry of Finance has released the 8th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
Out of this, an amount of Rs 5,516.60 crore has been released to 23 States and an amount of Rs…
Prices of precious metals rise, silver futures surge 3%
Mumbai: Prices of precious metals rose on Monday, with futures of silver surging over 3 per cent on the Multi-Commodity Exchange (MCX).
The March contract of silver on the MCX is currently trading at Rs 70,479, higher by Rs 2,572 or 3.79…
Govt looks to advance 20% ethanol blending with petrol
New Delhi: The Central government has proposed to advance the deadline for blending 20 per cent ethanol in petrol from the earlier announced 2030.
Sources said that the deadline may now be advanced to 2025 or as early as 2023 to allow…
FICCI wants abolition of anti-profiteering provisions
New Delhi: Industry body FICCI has called for abolition of anti-profiteering provisions in the GST law to allow market forces to determine prices of goods and service.
The plea has been made in a set of pre-Budget recommendations…
Zomato partners with InCred on credit to restaurant partners
New Delhi: There is good news for Zomato's restaurant partners as the food-tech unicorn on Monday said it has entered into a strategic partnership with fintech lender InCred for "hassle-free" credit facilities.
The food delivery industry…
Currency Watch: Strong capital inflows to further strengthen rupee
New Delhi: Persistent foreign fund inflows on the back of bullish global cues will strengthen the rupee during the upcoming week, analysts said.
Besides, lesser intervention from the Reserve Bank of India is expected after it was called…
E-commerce major Amazon India adds 1.5 lakh sellers in 2020
NEW DELHI: E-commerce major Amazon India on Sunday said 1.5 lakh new sellers joined its platform this year, and over 70,000 Indian exporters in its global selling program have crossed USD 2 billion in cumulative exports.
Amazon India, in…
Bank of Baroda completes integration of erstwhile Dena, Vijaya banks with itself
MUMBAI: State-run Bank of Baroda on Sunday said it has completed the integration of 3,898 branches of erstwhile Vijaya Bank and Dena Bank with itself.
In a first three-way amalgamation, Vijaya Bank and Dena Bank were merged with Bank of…
Nagpur, ‘The City Of Oranges’
Nagpur, the ‘City of Oranges’ regarded as the geographical center of India, is a metropolis-in-the-making. It was founded on the banks of Nag river during the early 18th century, by the Gond Raja Bakht Buland and later flourished under the…
Food subsidy bill expected to reach Rs 3.8 lakh crore this fiscal year
NEW DELHI: The government's food subsidy bill has more than doubled and the liability by the end of this fiscal year is likely to reach a massive Rs 3.8 lakh crore. "This year, the food subsidy bill has gone up substantially owing to…
DHFL lenders meet to evaluate bids for bankrupt firm, voting next week
NEW DELHI: Creditors of the bankrupt non-banking financial company DHFL met on Friday to evaluate bids from Piramal Group and Oaktree Capital, with voting on the offers expected to happen next week.
According to sources, the Committee…
Asia’s deepest gas field R-cluster begins production off Andhra Pradesh coast
NEW DELHI: The second wave of oil and gas discoveries in the crucial KG basin came onstream on Friday with the Reliance Industries-BP Plc combine announcing the start of production in Asia deepest gas block: the deepwater R cluster. This…
Telangana leading the way in investments: HDFC Bank chief
HYDERABAD: Pointing out that all States need to do a lot more to attract investments, for which they have to improve labour, power, ease of clearances and industrial policies, Chief Economist and EVP of HDFC Bank Abheek Barua lauded the…
Indian banks pursue UK bankruptcy order against Vijay Mallya
LONDON: A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out…