The toll collection through FASTags touched an all time high in a day at Rs 122.3 crore on Saturday, an indication of more economic activities and transport related activities particularly during the festive season. An overall trend also shows that the total revenue increased on all days during last week compared to the previous one.
India will roll out a mega multi-billion-dollar capital support and production-linked incentive plan to push manufacturing of semiconductors in the country, the move coming at a time when industries across sectors face massive production cuts due to global chip shortage, top sources have said.
The share of personal loans in bank credit has for the first time overtaken overall loans to the industry sector during the second quarter of the current financial year. This has happened with loans to industry as of end-September 2021 shrinking by Rs 66,239 crore over March 2021 levels, while loans to individuals grew Rs 73,011 crore during the period.
The RBI should let the rupee rally against the dollar to contain imported inflation coming in mainly from crude prices and help push exports, as the current account risks from rising oil price can be contained at 1.4 per cent of GDP, according to a report.
The Dow and S&P 500 had started the day's trading with modest gains after their record-setting finishes on Tuesday, but slumped by the close as Democratic lawmakers in Congress appeared to make little progress on a long-awaited social spending package.
Even as Covid hospitalisations have dropped from peak levels, insurance companies are witnessing a massive surge in non-Covid claims. While there is a lag in capturing trends, insurers say that there has been a significant jump from September in non-Covid hospitalisations.
Executive hiring is back with a bang. And this is coming not only on the back of pent-up demand but also new opportunities opening up across sectors like green & renewable energy, electric vehicles, education, foodtech, aerospace, defence, consumer space and startups.
The provisional payroll data of the Employees Provident Fund Organisation (EPFO) released on Wednesday showed that the retirement fund body added around 14.81 lakh net subscribers in August, reflecting a growing trend in net payroll for the first five months of this financial year.
Vodafone Idea on Wednesday said its board has approved availing the four-year spectrum payment moratorium being offered by the government as part of its relief package for the telecom sector.
Japan's Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co Ltd (Baosteel) of China, which it is also suing.
High fuel prices are here to stay till crude prices come down, a top government policymaker said on Monday, adding India, as the world’s third-largest consumer, has been reasoning with producing countries that “anything above $70 per barrel (crude price)” could boomerang on them as it will retard global economic revival and hit oil demand, which is already facing headwinds from electric mobility.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mfhEV9X
