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Saturday, May 08, 2021 | Last Update : 01:20 AM IST

Business

RBI targets 5.2 per cent retail inflation for first half of FY22, repo rate unchanged

Sources said that the government's surprise rollback decision on small savings schemes is an attempt by the BJP to contain the fallout of the decision hitting the common man in the ongoing elections in West Bengal, Assam and other states. (Photo: PTI)

Status quo on small savings interest rate

The total revenues earned for the month are 27 per cent higher than the GST collected in the same month last year, according to finance ministry data released on Thursday. (Photo: PIB)

GST mop-up hits record Rs 1.23 lakh crore in March

In a jolt to savers, the Finance Ministry on Wednesday had reduced interest rate by up to 1.1 per cent across various small savings schemes. (LSTV/PTI File Photo)

Government withdraws cut in rate on small savings schemes

In August 2019, the Reserve Bank of India (RBI) had issued a framework for processing of e-mandates on recurring online transactions. — Representational image

RBI extends timeline to comply with new rule for online transactions by 6 months

Tata Group stocks gained sharply, rising between 2 to 6 per cent after a favourable Supreme Court verdict. (Photo: AFP)

TATA stocks raise after Supreme Court verdict

According to the Centre for Monitoring Indian Economy (CMIE) data, the unemployment rate was recorded at 6.9 per cent in February 2021 which is slightly better than 7.8 per cent in the same month last year and 8.8 per cent in March 2020, during which lockdown was imposed. (Representational image: PTI file photo)

One year since COVID-19 lockdown: India still recovering from unemployment blow

As India's largest private sector port developer and operator, we will accelerate India's and AP's industrialisation, Adani Group Chairman Gautam Adani said in a tweet. (Image credit: Twitter/@Adaniports)

Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr

Banks' employees take part in a protest during a two-day nationwide bank strike in Amritsar on March 15, 2021. (Narinder NANU / AFP)

Nationwide bank strike continues to impact PSB services on Day 2

Members of Bank Unions hold a protest during their two-day nationwide strike against the privatisation of Public Sector Banks and alleged retrograde banking reforms, in Patiala, Monday, March 15, 2021. (PTI)

Nationwide strike impacts banking services of PSU banks

Apple had started manufacturing iPhones in India in 2017 with iPhone SE. (Photo: AFP)

Apple starts assembly of iPhone 12 in India

Brands including Panasonic, Haier and Thomson are considering to increase prices from April this year, while some like LG have already raised prices due to hike in prices of open-cell. (Representational Photo: AFP)

TV prices to go up from April as open-cell panels get costlier in global markets

The positive growth — though not very strong yet — has taken the Indian economy out of the recession. (Photo: PTI)

Indian economy in +ve zone, grows 0.4%

JGLS, a part of the O.P. Jindal Global University (JGU), has jumped from the 101-150 bracket in the previous year. (Image credit : Twitter/@MPNaveenJindal)

Jindal Global Law School enters global top 100 in the world

Twitter is also considering allowing users to join communities devoted to topics via a feature seemingly similar to Facebook's "groups." (AP/Matt Rourke, File)

Twitter considers charging users for special content, in revenue push

Columns

K.C. Singh

K.C. Singh | Heal at home first, then try to be a global leader

Mr Jaishankar, even when overseas, has become a flag-bearer for the current Hindutva model, precursor to the RSS’ Hindu Rashtra dream

Farrukh Dhondy

Farrukh Dhondy | Is Carrie, UK’s First Girlfriend, the real driver of BoJo’s govt?

It is a fact that she has packed the staff and advisory phalanx of the PM’s office with her friends and people she agrees with politically

Parsa Venkateshwar Rao Jr

Parsa Venkateshwar Rao Jr | The case against quotas isn’t about meritocracy

The reservations issue poses a special dilemma for Shiv Sena and BJP, as both subscribe to conservative ideologies of different shades

Patralekha Chatterjee

Patralekha Chatterjee | Inequity & privilege in the time of a pandemic

Even in these traumatic times, those of us who can work from home, for instance, are massively better positioned than others

Economy

Union Finance Miniter Nirmala Sitharaman (PTI)

Govt to bring amendments to two Acts to enable privatisation of PSU banks

Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75 lakh crore

Seen any lately? RBI says the number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at the end of March 2018 to 27,398 lakh pieces at end of March 2020. (PTI file photo)

Don't jump, Rs 2000 currency notes slowly being phased out

As per RBI's latest annual report, the big note was not printed at all during 2019-20

After unearthing a rampant fake invoicing scam to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) amended rules making it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash from January 1. (ANI File)

Government launches crackdown on 7,000 GST evaders, 187 arrested

The government netted a record GST collection of Rs 1.15 lakh crore in December 2020, helped by the action against tax evaders

With India's economy in a tailspin, Cabinet approves PLI plan for 10 key sectors

Under the five-year scheme that will continue till 2025, extra domestic production will be encouraged in 10 key sectors

IMF chief Kristalina Georgieva. (AFP Photo)

Not out of the woods yet: IMF chief warns second wave of virus could disrupt economies

Activity has started to gradually strengthen, but we are not out of the woods yet, Georgieva said in a message to G20 finance ministers

Market

In total, 28 memoranda Zof understanding, cumulative investment were signed between the companies and the Government of Tamil Nadu on Tuesday (Twitter@TataCompanies)

Tata Electronics to set up component-making plant in TN

These industrial parks will create employment opportunities for more than one lakh people, the government said

Volumes declined 4 per cent, but were compensated by prices that grew by 4.6 per cent and new launches which grew by 3.8 per cent. (Representational Image)

Pharma market reports growth in September

Anti-infectives therapy showed a good recovery of 1.4 per cent in September against 11 per cent y-o-y decline in August

Sensex surges nearly 400 pts in early trade; Nifty tops 11,500. (PTI Photo)

Markets open in green, Sensex up 400 points; Nifty above 11,500

IndusInd Bank was the top gainer in the Sensex pack, surging around 4 per cent

Oil prices slip after OPEC, allies agree to loosen supply curbs

OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic

Companies

When things go back to normal, pharma may come down to earth

The healthy performance in Q1FY21 is attributed to strong revenue growth in the API business

Currently, Bandicoot robot is being used in 11 states in India for cleaning sewers

Anand Mahindra invests in Kerala startup making manhole cleaning robots

In addition to Anand Mahindra, the startup has two more investors, Unicorn Ventures which made the initial investment in 2018 and Sea Fund

The firm is st to commence its manufacturing efforts with contract manufacturer Cloud Network Technology (AFP)

Amazon to make Fire TV sticks in India

India is poised to become a majorplayer in the global supply chain in the electronics and IT products industry

Amul brand registers record turnover of ₹52,000 crore

The federation said it aims to achieve a group business turnover of Rs 1 lakh crore by 2024-25

Reliance to buy Future Group's retail arm for $3.38 billion. (PTI Photo)

Reliance to acquire Future Group's retail business for Rs 24,713 crore

Reliance’s retail operation runs close to 12,000 stores, including a cash-and-carry wholesale business, in over 6,700 towns and cities

Autos

Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

Daimler Q2 loss widens on weak demand

CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”

Hydrogen champion Hyundai races to electric as Tesla takes off. (AFP Photo)

Hyundai vs Tesla: Hyundai race to produce electric cars as Tesla takes off

No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and software technology

TVS Motor implements pay cuts for employees. (PTI Photo)

TVS Motor cuts staff salaries by up to 20% as sales plummet

There will be 5 per cent salary reduction at the junior executive level and about 15 to 20 per cent at the senior management level

Mercedes gets big electric van order from Amazon. (AP Photo)

Mercedes-Benz joins 'The Climate Pledge', to deliver 1,800 electric vehicles to Amazon

Mercedes said it would also join a climate initiative established by Amazon founder Jeff Bezos

In Other News

SBI's Q1 profit surges 81 pc to Rs 4,189 crore. (PTI Photo)

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