Tag: business news 2022

The successful implementation of digital payment systems in India has proved the naysayers wrong, Finance Minister Nirmala Sitharaman said here on Wednesday. Speaking on `20 years of Modi governance’ before a gathering of BJP workers here, she credited Prime Minister NarendraThe successful implementation of digital payment systems in India has proved the naysayers wrong, Finance Minister Nirmala Sitharaman said here on Wednesday. Speaking on `20 years of Modi governance’ before a gathering of BJP workers here, she credited Prime Minister Narendra

State-run REC Ltd was on Wednesday accorded the status of a ‘Maharatna’ Central Public Sector Enterprise. This will give REC greater operational and financial autonomy, a company statement said. An order to this effect was issued on Wednesday by the DepartmentState-run REC Ltd was on Wednesday accorded the status of a ‘Maharatna’ Central Public Sector Enterprise. This will give REC greater operational and financial autonomy, a company statement said. An order to this effect was issued on Wednesday by the Department

Union minister Nitin Gadkari on Wednesday asked the sugar industry to reduce the production of sweetner stressing that higher output would create problem for the future. Speaking at the ISMA conference here, the minister for road transport and highways suggested thatUnion minister Nitin Gadkari on Wednesday asked the sugar industry to reduce the production of sweetner stressing that higher output would create problem for the future. Speaking at the ISMA conference here, the minister for road transport and highways suggested that

Banking system’s Gross Non-Performing Assets (GNPA) will decline by 0.90 per cent to 5 per cent by the end of the current fiscal on a significant improvement in the large corporate exposures, a report said on Wednesday. The GNPAs will improveBanking system’s Gross Non-Performing Assets (GNPA) will decline by 0.90 per cent to 5 per cent by the end of the current fiscal on a significant improvement in the large corporate exposures, a report said on Wednesday. The GNPAs will improve

The government on Wednesday released the draft Indian Telecommunication Bill, 2022, under which it has proposed a provision to waive off fees and penalty of telecom and internet service providers. The ministry has proposed provision for refund of fees in caseThe government on Wednesday released the draft Indian Telecommunication Bill, 2022, under which it has proposed a provision to waive off fees and penalty of telecom and internet service providers. The ministry has proposed provision for refund of fees in case

Wipro Chairman Rishad Premji on Wednesday said that 300 people who worked with the company were also found to be working for one of its competitors at the same time, as he firmly stood his ground that moonlighting is “complete violationWipro Chairman Rishad Premji on Wednesday said that 300 people who worked with the company were also found to be working for one of its competitors at the same time, as he firmly stood his ground that moonlighting is “complete violation

Gold prices in the national capital rose by Rs 152 to Rs 49,871 per 10 grams on Wednesday, amid a rise in international precious metal prices along with rupee depreciation, according to HDFC Securities. In the previous trade, the yellowGold prices in the national capital rose by Rs 152 to Rs 49,871 per 10 grams on Wednesday, amid a rise in international precious metal prices along with rupee depreciation, according to HDFC Securities. In the previous trade, the yellow

The stock of Infosys Ltd has almost touched its 52-week low today. The company has a market capitalisation of Rs 5,79,218.30 crore at the time of writing the story. The shares of Infosys Ltd have witnessed a dip of 6% inThe stock of Infosys Ltd has almost touched its 52-week low today. The company has a market capitalisation of Rs 5,79,218.30 crore at the time of writing the story. The shares of Infosys Ltd have witnessed a dip of 6% in

IT sector has fallen sharply from earlier this year, and unlike other sectors, it is not showing any signs of a trend reversal. Most IT stocks with good fundamentals are soaring rapidly. However, KPIT Technologies (KPIT), a mid-cap stock from theIT sector has fallen sharply from earlier this year, and unlike other sectors, it is not showing any signs of a trend reversal. Most IT stocks with good fundamentals are soaring rapidly. However, KPIT Technologies (KPIT), a mid-cap stock from the

The Asian Development Bank (ADB) on Wednesday slashed India’s GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India’s economy grew 13.5The Asian Development Bank (ADB) on Wednesday slashed India’s GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India’s economy grew 13.5