Proposal to hike equity investment limit to 20% not taken up in EPFO trustees meet

Proposal to hike equity investment limit to 20% not taken up in EPFO trustees meet

Sunday, 31 July 2022 | PTI | New Delhi

 Retirement fund body EPFO has not taken up the proposal to hike the investment limit in equities to 20 per cent from the existing 15 per cent, following demand for more deliberation from employees' representatives in its trustees' meet. Talking to PTI, EPFO trustee Harbhajan Singh Sidhu said, "The proposal to...

Digital healthcare launches surgery care facilities

Sunday, 31 July 2022 | PTI | New Delhi

Digital healthcare platform MediBuddy on Saturday announced the launch of Surgery Care services in 60+ elective procedures across its partnered hospitals covering all the major cities, thereby expanding its ever-growing and vast array of digital healthcare services. Satish Kannan, co-founder and CEO, MediBuddy, said, “The launch of Surgery Care is...

Retail inflation for industrial workers eases to 6% in June

Sunday, 31 July 2022 | PTI | New Delhi

Retail inflation for industrial workers eased to 6.16 per cent in June from 6.97 per cent in May this year due to lower prices of certain food items and petrol. "Year-on-year inflation for the month stood at 6.16 per cent compared to 6.97 per cent for the previous month (May 2022)...

IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14

Sunday, 31 July 2022 | PTI | New Delhi

Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June, leading to the firm reporting its first quarterly net loss in over two years, a report said. The nation's largest oil refining and fuel retailing firm reported a net...

DLF cuts net debt by 16 pc qoq to Rs 2,259 cr in Apr-Jun

Sunday, 31 July 2022 | PTI | New Delhi

Realty major DLF's net debt reduced by 16 per cent during the April-June period to Rs 2,259 crore from the previous quarter on the back of strong housing sales. Its net debt stood at Rs 2,680 crore at the end of the last fiscal. In an investor presentation, DLF said the company...

Blow to Sunak campaign as former candidate backs rival for UK PM

Sunday, 31 July 2022 | PTI | London

Rishi Sunak's campaign to be elected the Conservative Party leader and the next British Prime Minister suffered a blow on Saturday as a former candidate endorsed his rival Foreign Secretary Liz Truss. Tom Tugendhat, the Tory backbencher and chair of the Commons Foreign Affairs Committee who was in the initial shortlist...

China announces military exercise off Taiwan coast

Sunday, 31 July 2022 | AP | Beijing

China said it was conducting military exercises on Saturday off its coast opposite Taiwan after warning Speaker Nancy Pelosi of the US House of Representatives to scrap possible plans to visit the island democracy, which Beijing claims as part of its territory. The ruling Communist Party's military wing, the People's Liberation...

US House passes Bill to ban assault weapons

Sunday, 31 July 2022 | AFP | Washington

The US House of Representatives, spurred by a series of horrific mass shootings, has passed a bill that would ban assault weapons for the first time in decades. The legislation was approved by a 217 to 213 vote in the Democratic-majority House and now goes to the Senate — where it...

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