Centre has included wholesalers and retailers under category of micro, small and medium enterprises The Reserve Bank of India (RBI) on Wednesday notified all financial institutions that retail and wholesale trade have been included in the revised definition of micro, small and medium enterprises (MSME) sector. In a notification sent to …
Read More »India Is A Reliable Investment Destination, Says Piyush Goyal
India is an investment and manufacturing destination, says Commerce Minister Piyush Goyal The Centre on Wednesday assured the Indo-Pacific region that it can trust India in terms of getting access to investment and manufacturing opportunities, as the world moves to realign from over concentrated and risky supply chains. Addressing trade …
Read More »Sensex, Nifty End At Record Highs Led By Gains In Metal Stocks
The Indian equity benchmarks closed at record highs on Wednesday paced by gains in metal, realty and financial services shares. For most part of the day, the benchmarks traded in a narrow range wherein the Sensex traded in band of 354 points and Nifty 50 index touched an intraday high …
Read More »GR Infraprojects IPO Oversubscribed Within Hours Of Opening
GR Infraprojects is selling shares in the price band of Rs 828 to Rs 837 per share. GR Infraprojects shares were in high demand as its share sale via initial public offering (IPO) was oversubscribed within hours of opening, data from the National Stock Exchange (NSE) showed. GR Infraprojects’ Rs …
Read More »Fitch Cuts India Growth Forecast To 10%, Says Rapid Vaccination Will Support Revival
Last month, World Bank slashed its GDP growth forecast for current fiscal to 8.3 per cent Fitch Ratings on Wednesday cut India’s growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier, due to slowing recovery post second wave of COVID-19, and said rapid …
Read More »Annual Warehousing Transactions To Grow 19% At Compound Annual Growth Rate In 5 Years: Knight Frank
The annual warehousing transactions in the top eight cities will grow at a compound annual growth rate or CAGR of 19 per cent to 76.2 million square feet by fiscal 2025-26, compared to 31.7 million square feet in fiscal 2020-21, according to leading real estate consultant Knight Frank. this copy is being updated
Read More »Jaguar Land Rover Retail Sales Grow 68% To 1.24 Lakh In June Quarter
The wholesales stood at 84,442 units during the June quarter, up 72.6 per cent year-on-year. Jaguar Land Rover announced its retail sales for the April-Juen quarter fo the financial year 2021-22 on Tuesday, July 6, reporting a 68 per cent growth to 1,24,537 vehicles, compared to 74,067 vehicles sold in …
Read More »Jaguar Land Rover Retail Sales Grow 68% To 1.24 Lakh In June Quarter
The wholesales stood at 84,442 units during the June quarter, up 72.6 per cent year-on-year. Jaguar Land Rover announced its retail sales for the April-Juen quarter fo the financial year 2021-22 on Tuesday, July 6, reporting a 68 per cent growth to 1,24,537 vehicles, compared to 74,067 vehicles sold in …
Read More »North Central Zone Registers Highest-Ever Growth In Freight Loading, Revenue In June Quarter
North Central zone recorded the best ever freight loading in the first quarter of any fiscal The North Central Railway zone registered the highest ever growth in freight loading and collection of revenue through freight operations in the April-June quarter of the financial year 2021-22. Headquartered the Allahabad, the railway zone recorded the …
Read More »Vaccination Can Mitigate Impact of Covid Third Wave, Says SBI Economic Adviser
SBI’s chief economic adviser has said that vaccination can mitigate pandemic impact Vaccination is the only option if India has to mitigate the impact of the possible third wave of Coronavirus infection, which is expected to reach its peak in the second week of August 2021, chief economic adviser of …
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