Didi to join CMs-CJs’ conclave in Capital

Didi to join CMs-CJs’ conclave in Capital

Saturday, 30 April 2022 | Saugar Sengupta | Kolkata

Bengal Chief Minister Mamata Banerjee on Friday left for Delhi where she was likely to attend a conference of Chief Ministers and Chief Justices from other States. The conclave would take place on Saturday and was likely to be attended by Prime Minister Narendra Modi. In the meeting the Chief Minister...

IDBI Bank privatisation process on; decision on quantum of dilution after roadshow: DIPAM Secy

Saturday, 30 April 2022 | PTI | New Delhi

IDBI Bank's privatisation process is on and the quantum of stake sale will be decided after the roadshow is complete, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Friday.  The preparation for privatisation of IDBI Bank is going on, he said during a media interaction...

Structural reforms, price stability key for sustained growth: RBI

Saturday, 30 April 2022 | PTI | Mumbai

Structural reforms and price stability are the pre-requisites for achieving a medium-term steady economic growth of 6.5-8.5 per cent, according to a RBI report.  The Report on Currency and Finance (RCF) for the year 2021-22 also emphasised that timely re-balancing of monetary and fiscal policy should be the first step in...

Sensex tumbles over 460 points on selling in energy, banking stocks

Saturday, 30 April 2022 | PTI | Mumbai

Benchmark equity indices Sensex and Nifty gave up early gains to close down by over 0.8 per cent due to fag-end selling in Axis Bank, Reliance Industries and Infosys.  The 30-share BSE benchmark plummeted 460.19 points or 0.80 per cent to end at 57,060.87 despite a firm opening. During the day,...

Bank credit likely to grow at 4-year high of 11-12% in FY23: Report

Saturday, 30 April 2022 | PTI | Mumbai

Bank credit is likely to grow at a four-year high of 11-12 per cent in fiscal 2023, on the back of better economic growth and budgetary support from the government, according to a report. In the fiscal ended March 2022, bank advances have likely grown at 9-10 per cent. "Healthy economic growth...

Make India semiconductor hub of world, exhorts Modi

Saturday, 30 April 2022 | PTI | Bengaluru

Asserting that the government has put in place a supportive policy environment, Prime Minister Narendra Modi on Friday urged the industry to make India a semiconductor hub of the world based on the principles of high technology, high quality and high reliability. In his inaugural address at the Semicon India-2022 conference...

Aviation Minister Scindia holds talks with US aerospace giants on bolstering alliance with India

Saturday, 30 April 2022 | PTI | New York

Civil Aviation Minister Jyotiraditya Scindia held discussions with American aerospace giants on further strengthening collaboration with the industry in India. Scindia arrived here on Thursday for the first leg of his visit to North America and began his engagements with discussions with New York-based technology-powered, global air mobility platform Blade. On Thursday,...

Shell agrees to buy Indian renewables firm Sprng Energy at $1.55 bln

Saturday, 30 April 2022 | IANS | New Delhi

Multinational oil and gas company Shell has agreed to acquire India-based renewable power firm Sprng Energy for $1.55 billion, multiple reports said. It aims to boost the energy company's low-carbon output as it shifts away from traditional energy sources. Shell said it would buy 100 per cent of Solenergi Power, the flagship...

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