India is expected to attract $100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said. It also said the current financial year is expected to attain a GDP growth of more than 8 percent. However, the inflation scenario has […]
Author Archives: Digital
Posted inNational
Govt invites Eols to set up manufacturing zone for power, renewable energy sector
The Government has invited Eols from interested parties for setting up a manufacturing zone on pilot basis for the power and renewable energy sector. The last date to submit the proposal is June 8, 2022, according to a notification on the website of the Ministry of Power. Expression of Interest (Eol) for setting up a […]
Posted inNational
FM meets EU delegation to discuss FTA
Finance Minister Nirmala Sitharaman on Tuesday met an EU delegation led by Member of the European Parliament (MEP) Bernd Lange and discussed issues of mutual interests, including the India-EU trade pact. As two of the largest open market economies and pluralistic societies, India and the EU can work towards a partnership that promotes international rule-based […]
Posted inBusiness & Economy
Senco Gold files Rs 525 cr IPO papers with Sebi
Jewelry retailer Senco Gold Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 525 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 325 crore and an offer for sale (OFS) of equity shares to the tune of Rs 200 crore […]
Posted inWorld
Bankrupt Sri Lanka, facing $51 billion debt, looks to expand airline fleet
Cash-strapped Sri Lanka’s loss-making national carrier revealed plans Thursday to lease up to 21 aircraft, just two days after the government announced a default on its $51 billion foreign debt. The island nation is in the grip of its most painful economic downturn since independence in 1948, with severe shortages of essential goods and regular […]
Posted inCOVID-19
World’s longest known Covid infection lasted for 505 days in UK patient
An immunocompromised UK patient suffered the longest known days, 505, with Covid infections, claim researchers. Previously the longest known PCR confirmed case is thought to be 335 days. Researchers at the King’s College London and Guy’s and St Thomas’ NHS Foundation Trust studied nine immunocompromised patients, between March 2020 and December 2021, who tested positive […]
Posted inHealth
All-India Institute of Ayurveda announces winners of Ayush Master Chef competition after grand finale in Gandhinagar
The All India Institute of Ayurveda (AIIA) has announced the names of 18 winners of pan-India Ayush Master Chef Competition that was launched on March 31, 2022. The winners have been selected out of 30 contestants, who battled it out in the final round of the competition held at the Global Ayush Investment & Innovation […]
Posted inBusiness & Economy
Uniform trading hours may not be tenable for commodity derivative segments: CPAI
Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment. The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) and the Securities and Exchange Board of India […]
Posted inBusiness & Economy
Infosys shares continue to decline, tank nearly 4%
Shares of Infosys continued to decline and further tumbled nearly 4 percent after the company’s March quarter earnings report came in with low expectations. The stock declined 3.55 percent to settle at Rs 1,563.95 apiece on the BSE. During the day, it tanked 4.38 percent to Rs 1,550.40. On the NSE, it dipped 3.66 per […]
Posted inBusiness & Economy
Hiring activity sees 6% growth in Mar on improving economic activities: Report
Hiring activity witnessed a 6 percent year on-year growth in March this year, supported by a rebound in economic activities and led by sectors such as banking and telecom, according to a report. However, there was a marginal dip of 2.4 percent in hiring activity as compared to February, owing to the appraisal season, according […]