Industries

Maruti's Production, Sales Fell In November On Shortage Of Electric Parts

Maruti's Production, Sales Fell In November On Shortage Of Electric Parts

Edited by Animesh Singh | Wednesday December 01, 2021

Maruti Suzuki India saw a 3 per cent fall in production in November 2021 mainly due to short supply of electronic components

Credit To Medium Size Industries Grew 48.6% In October: RBI Data

Credit To Medium Size Industries Grew 48.6% In October: RBI Data

Edited by Animesh Singh | Tuesday November 30, 2021

Credit to medium industries saw a remarkable growth of 48.6 per cent in October 2021 size-wise compared to 20.8 per cent growth seen in October 2020

Infrastructure Output Of Core Sectors Rises 7.5% In October 2021

Infrastructure Output Of Core Sectors Rises 7.5% In October 2021

Edited by Nikita Prasad (With inputs from Agencies) | Tuesday November 30, 2021

Infrastructure Output in October 2021: The growth in the infrastructure output last month was mostly driven by the natural gas, coal, and cement sectors.

RBI Imposes Rs 1 Crore Penalty on Union Bank of India

RBI Imposes Rs 1 Crore Penalty on Union Bank of India

Edited by Animesh Singh | Monday November 29, 2021

RBI has imposed a penalty of Rs 1 crore on Union Bank of India for violating certain provisions related to sale of stressed assets and fraud reporting

438 Infrastructure Projects Face Cost Overruns Worth Rs 4.34 Lakh Crores

438 Infrastructure Projects Face Cost Overruns Worth Rs 4.34 Lakh Crores

Edited by Animesh Singh | Sunday November 28, 2021

A total of 438 projects in the infrastructure sector, worth more than Rs 150 crore have been affected by cost overruns totalling Rs 4.34 lakh crores

"Oil Producing Nations Cannot Hold Consumers To Ransom": Hardeep Singh Puri

"Oil Producing Nations Cannot Hold Consumers To Ransom": Hardeep Singh Puri

Reuters | Friday November 26, 2021

India, the world's third-biggest oil importer and consumer, imports about 85 per cent of its oil needs and has been hit hard by rising oil prices

RBI Imposes Rs 1 Crore Penalty On State Bank Of India For Violating Norms

RBI Imposes Rs 1 Crore Penalty On State Bank Of India For Violating Norms

Edited by Nikita Prasad | Friday November 26, 2021

RBI imposed a penalty of Rs 1 crore on State Bank of India for holding shares in the borrower companies of an amount exceeding 30 per cent of the paid-up share capital of those companies.

Why RBI Favors Minimum 40% Promoter's Stake In Private Banks During Lock-In Period

Why RBI Favors Minimum 40% Promoter's Stake In Private Banks During Lock-In Period

Edited by Nikita Prasad (With inputs from Agencies) | Friday November 26, 2021

RBI accepted the internal group's recommendation that no changes be made to the instructions related to the initial lock-in requirements of holding a minimum 40 per cent stake by promoters in private banks.

At Half Way Mark, Government's UDAN Scheme Is Work In Progress

At Half Way Mark, Government's UDAN Scheme Is Work In Progress

Reported by Animesh Singh | Friday November 26, 2021

Till December 2020, only 23 airports had been developed under the UDAN scheme, even as it is half way through its tenure period

Apparel Makers Seek GST Hike Deferment On Hosiery Items

Apparel Makers Seek GST Hike Deferment On Hosiery Items

Press Trust of India | Thursday November 25, 2021

The proposed change in GST rate from 5 per cent to 12 per cent is going to significantly increase the prices of apparels now costing below Rs 1,000

For India's Bullet Train, First Full-Span Box Girder Erected To Speed Up Project

For India's Bullet Train, First Full-Span Box Girder Erected To Speed Up Project

Edited by Nikita Prasad | Thursday November 25, 2021

Mumbai-Ahmedabad Bullet Train: To speed up the construction of viaduct for the country's first bullet train corridor, NHSRCL is adopting the full span launching method.

RBI Levies Rs 2 Crore Penalty On Tata Communications Payment Solutions

RBI Levies Rs 2 Crore Penalty On Tata Communications Payment Solutions

Edited by Animesh Singh | Wednesday November 24, 2021

Reserve Bank of India has levied penalty on Tata Communications Payment Solutions and Appnit Technologies for non-compliance with certain regulations

Crude Oil Production Fell 5.95% In October

Crude Oil Production Fell 5.95% In October

Edited by Animesh Singh | Tuesday November 23, 2021

Domestic crude oil production in October 2021 fell 5.95 per cent short of the target for the month and stood at 2,512.46 thousand metric tonnes

Boeing 737 MAX Aircrafts Are Safest In The World, Says SpiceJet Chief

Boeing 737 MAX Aircrafts Are Safest In The World, Says SpiceJet Chief

Reported by Vishnu Som, Edited by Animesh Singh | Monday November 22, 2021

"It (Boeing 737 MAX) has gone through the greatest ever scrutiny any aircraft may have undergone in the history of aviation," said Ajay Singh

Notices Issued to Amazon, Flipkart For Selling Poor Quality Pressure Cookers

Notices Issued to Amazon, Flipkart For Selling Poor Quality Pressure Cookers

Edited by Animesh Singh | Monday November 22, 2021

CCPA has sought response from the e-commerce entities within seven days from the issuance of notice, failing which action could be taken against them