Wednesday, February 8, 2023

Business

CIL to set up 5 sand production plants

Coal India Ltd (CIL) plans to set up five overburden (OB) to manufactured sand (M-Sand) plants between May 2023 and July 2024.These plants would be set up by its subsidiaries namely Western Coalfields Limited, Central Coalfields Limited, South Eastern...

‘Halwa’ ceremony marks the final stage of budget

The customary ‘Halwa Ceremony’ to mark the beginning of the compilation and printing of documents related to the Union Budget for 2023-24 was held on Thursday at the Finance Ministry’s Budget Press inside North Block.Union Finance Minister Nirmala Sitharaman...

Tech major IBM lays off 3,900 employees

Tech giant IBM is laying off 3,900 employees, which is a result of the spinoff of IT infrastructure services provider Kyndryl business and part of the AI unit called ‘Watson Health’.The layoffs will cause a charge of $300 million...

GST one of most complicated taxation system: Traders’ Body

Terming GST one of the “most complicated” taxation system, Traders’ body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to announce review of GST taxation system and all Acts and Rules concerning retail trade and...

Rising cost of data a concern, says MoS IT

Rising prices of data and devices are a concern for the rapid proliferation of digitisation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. The comments have come against the backdrop of a recent hike of...

Gold falls Rs 198 amid weak global trends

Gold price fell Rs 198 to Rs 56,972 per 10 gram in the national capital on Wednesday amid weak global trends, according to HDFC Securities. The precious metal had settled at Rs 57,170 per 10 gram in the previous...

5G network can be misused

Warning against the vulnerabilities of the high-speed 5G telecom network, papers submitted at a key security meet have noted that it can provide an excellent platform for middlemen and agents for creating linkages for crimes such as drug trafficking,...

‘Back to Bharat’ trend picking up in EV, hitech sectors

With the West facing economic recession, job losses happening and while the Indian economy is predicted to grow, “Back to Bharat” is gaining ground in the executive placement segment, said a top official of the human resource (HR) groups...

New Grand i10 NIOS launched in Dimapur

The new Grand i10 NIOS of Hyundai was launched at Floyd Hyundai, here at Purana Bazar, Dimapur.The car was launched by branch manager, ICICI Bank Ltd., Purana Bazar, Nungsangmongba JamirIntroducing the newly launched vehicle, sales manager, Floyd Hyundai, Santosh...

India increasing domestic oil and gas exploration: Puri

India, the world’s third largest energy consumer, is increasing domestic oil and gas exploration, diversifying import basket, switching to alternate sources and using gas and green hydrogen as a pathway to energy transition and security, Oil Minister Hardeep Singh...

Rupee falls 21 paise to 81.38 against US dollar

The rupee fell 21 paise to close as 81.38 (provisional) against the US dollar on Monday amid rise in crude prices. However, strong sentiment at domestic equities market and a weak dollar restricted the fall of the local currency,...

Union budget likely to continue capex hike to boost investment

The forthcoming Union budget is expected to focus on boosting capital expenditure in 2023-24 too, as has been the case for the past several years.With the Centre bullish on economic growth and buoyed by favourable comments by several global...

Railway Ministry sets in motion Rs 2-trillion budgetary push

The people have high expectations from the Rail Budget as the Union Finance Minister Nirmala Sitharaman will present her fifth Budget on February 1.In its first term, the Modi government at the Centre had linked the Rail Budget with...

India’s smartphone shipments fall 6 percent in 2022

India’s smartphone shipments fell to 151.6 million units in 2022, declining by 6 per cent compared with 2021, a report has shown.According to a Canalys report, Xiaomi was still the number one vendor for the full year.Samsung took the...

Tata Motors launch new pickup ‘Yodha EX’

Dimapur Diesels has set a new benchmark in Nagaland’s rapidly growing pickup segment with the launch of the Yodha EX.The rugged and tough pickups come with bold new design and offer the most awaited feature to thecustomer with Independent...