The Ministry of Housing and Urban Affairs has entered into an MoU with online food ordering and delivery platform ‘Zomato’ under Prime Minister Street Vendor’s AtmaNibhar Nidhi (PM SVANidhi) Scheme. Through this MoU, the government aims ot onboard street food vendors on the food-tech platform of ‘Zomato’ to help these food vendors grow their business…
The recent FDI policy reforms measures taken by the government, coupled with the ease of doing business and investment facilitation, have altogether resulted in increased FDI inflows in the country. During April and November 2020, the country has received a total US$ 58.37 billion FDI inflow and it’s the highest ever for the first eight…
Milk Marketing Federation of Gujarat has informed to have registered 8 per cent rise in milk sales in December last year.However milk sales in restaurants, hotels and canteen segments have witnessed 40 per cent below normal during this period. While Amul, witnessed record milk sales in December, Mother Dairy has informed that its milk sales…
Infosys has reported a consolidated net profit at Rs 5,215 crore for the third quarter of this fiscal. It amounts to 16.8 per cent year-on-year (Y-O-Y) increase. The gross revenue for this quarter rose 12.3 per cent YOY to Rs 25927 crore. The company has raised revenue guidance band to approx. 5 per cent and…
Minister of Commerce and Industry, Railways, Food and Public Distribution and Consumer Affairs Piyush Goyal while addressing the inaugural session in CII’s Partnership Summit 2020 on virtual mode said, the country is systematically opening up new sectors of the economy for global investors and encouraging strategic relationships and strengthening its future economic plans. He welcomed…
In anticipation of inflation falling within targeted limit, the Reserve Bank of India (RBI) in its bimonthly policy review continued with its accommodative stance and left the repo rate unchanged at 4% while also keeping the reverse repo Rrte also at 3.35%. The apex bank has taken the accommodative stance to revive the economy which…
Yogi Adityanath, the Chief Minister of Uttar Pradesh, attended the Bell Ceremony at National Stock Exchange, Mumbai to witness the listing of bonds of Lucknow Muncipal Corporation (LMC) valued at INR 200 crore at Bombay Stock Exchange. Incentivized by the Ministry of Housing and Urban Affairs under Atal Mission for Rejuvenation and Urban Transfromation (AMRUT),…
Even though COVID-19 has badly affected the investment climate in the economies across the world, the investment sentiment in Indian economy remained buoyed by the active and frequent intervention of the government. And it has been demonstrated by the Indian economy’s FPI and FDI trends as well as corporate bond market flows which demonstrate the…
By Priyanka Samania The Union Cabinet has given its go-ahead to a scheme for the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Limited (DBS India), the Indian subsidiary of Singapore-based DBS Bank. LVB was placed under moratorium recently to safeguard depositors’ interest, after RBI submitted an application under section 45 of the…
Cabinet Committee on Economic Affairs, under the chairmanship of Prime Minister Narendra Modi, has given its go-ahead to an FDI proposal for acquisition of 12.32 percent of equity share of ATC Telecom Infrastructure Private Limited by ATC Singapore (ATC Asia Pacific PTE Ltd.) This acquisition would bring an FDI inflow of Rs 2480.92 crore to…
