Wire files plaint against its researcher over Meta stories

Wire files plaint against its researcher over Meta stories

Monday, 31 October 2022 | Staff Reporter | New Delhi

The Wire has filed a complaint against its researcher, Devesh Kumar, at the Economic Offences Wing of Delhi Police, a day after the Delhi Police registered an FIR against its founder and editors in connection with the Meta stories. The stories, subsequently retracted, had reported that BJP IT cell head...

Road transport & highways sector has max number of delayed projects: Govt report

Monday, 31 October 2022 | PTI | New Delhi

The road transport and highways sector has the maximum number of delayed projects at 262, followed by railways at 115 and the petroleum sector at 89, showed a government report. In the road transport and highways sector, 262 out of 835 projects are delayed. In railways, out of 173 projects, 115 are...

Exports necessary for steel players expanding their capacities: AMNS India CEO

Monday, 31 October 2022 | PTI | Hazira

To maintain higher capacity utilisation, exports are necessary for local steel players expanding their capacities, as demand is not directly proportional to production, according to a top industry executive. “Since expansion happens... There will be a certain stage where you necessarily will have to export, if we have to be on...

Nine of top10 firms add Rs 90,319 cr in market valuation

Monday, 31 October 2022 | PTI | New Delhi

Nine of the 10 most valued domestic firms together added `90,318.74 crore in market valuation last week amid a positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the 30-share BSE benchmark Sensex climbed 652.7 points or 1.10 per cent.  Markets had a special one-hour Muhurat trading...

Will first bring down delinquency in corporate loans before restarting finance: PNB Housing

Monday, 31 October 2022 | PTI | New Delhi

Going ahead with its stated objective to downsize its corporate loan exposure, city-based PNB Housing Finance wants to bring down the delinquency levels before it starts financing the sector again, its MD and CEO Girish Kousgi said. The housing finance company, promoted by state-owned Punjab National Bank (PNB), has been bringing...

UBL plans Rs 350 cr capex in 2023 to meet expected volume growth

Monday, 31 October 2022 | PTI | New Delhi

Beer maker United Breweries Ltd, controlled by Dutch multinational brewing company Heineken, plans to infuse around Rs 350 crore as capital expenditure in 2023 to meet the expected volume growth in the country, according to a top company official. The company has “good capex plans” in place for its breweries to...

India, GCC group likely to start free trade pact talks next month

Monday, 31 October 2022 | PTI | New Delhi

India and the Gulf Cooperation Council (GCC) member countries are expected to start negotiations for a free trade agreement next month with an aim to boost economic ties between the two regions, an official said. GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar,...

FPIs selloff at slow pace; pull out `1,586 cr from equities in Oct

Monday, 31 October 2022 | PTI | New Delhi

After withdrawing over `7,600 crore last month, foreign investors have slowed down the pace of equity selling in India in October so far, as they pulled out `1,586 crore from capital markets. Foreign portfolio investors (FPIs) were net buyers of `51,200 crore in August. The month of November is expected...

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