Jefferies Financial Group drops coverage on Paytm

New Delhi: Jefferies Financial Group Inc has dropped coverage on Paytm-operator One 97 Communications Ltd until the news flow around the struggling Indian fintech major “settles down”. The foreign brokerage became the first major foreign brokerage to drop coverage, and has moved the stock to “not rated”, weeks after lowering it to underperform after the […]

Arrest of Chanda Kochhar, husband by CBI in loan fraud case amounted to ‘abuse of power’: Bombay HC

Mumbai: Calling it an “abuse of power”, the Bombay High Court said that the arrest of former ICICI Bank CEO Chanda Kochhar and her husband Deepak by the Central Bureau of Investigation (CBI) in December 2022 was done “without application of mind”. The court made the observation in its order confirming the interim bail granted […]

India needs to grow at 9-10pc for 3 decades to be USD 35 trn economy by 2047: Kant

Mumbai: India needs to grow at an annual rate of 9-10 per cent for around three decades and constant innovations to become a USD 35 trillion economy by 2047, India’s G-20 Sherpa and former NITI Aayog CEO Amitabh Kant said on Sunday. “We are the fifth largest economy in the world and by 2027 we […]

Govt increases authorised capital of FCI from Rs 10K cr to Rs 21K cr

New Delhi: The government has increased the authorised capital of state-run Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore to enhance the operational capabilities and fulfill its mandate effectively, the Food Ministry said on Saturday. FCI is the central government’s nodal agency that undertakes procurement of foodgrains at a minimum […]

What will happen with FASTag issued by Paytm Payments Bank?

New Delhi: In its detailed Frequently Asked Questions (FAQs), the Reserve Bank of India (RBI) has clarified the operations over FASTag, and the National Common Mobility Card (NCMC) issued by the Paytm Payments Bank. For the FASTag issued by Paytm Payments Bank, users can continue to use your FASTag to pay toll upto the available […]

Dir Agri visits Khanmoh, Balhama areas of Srinagar

SRINAGAR: The Director Agriculture Kashmir, Chowdhury Mohammad Iqbal on Friday visited Kanmoh, Balhama areas of Srinagar district and inspected Vermicompost Units, Borewell and Packhouse units established under Holistic Agriculture development programme (HADP) in these areas. Speaking to the farmers at different places, Director Agriculture highlighted the importance of HADP and said that it will have […]

De-risking economies from Chinese supply chain not a quick process: CEA Nageswaran

New Delhi: Chief Economic Advisor V Anantha Nageswaran on Friday said the de-risking economies from the Chinese supply chain is not going to be a quick process for the world and will take much longer than thought. “When we talk of de-risking the China supply chain, we should be under no illusion that it is […]

Govt starts centralised processing of filings under companies law

New Delhi: The government has operationalised the central processing centre for processing filings under the companies law and LLP Act in a “time-bound and faceless manner” as part of efforts to further improve the ease of doing business. Initially, 12 forms and applications under the companies law will be processed at the Central Processing Centre […]

JD Horti urges farmers to avail benefits under various progs

SRINAGAR: A one day J&K Apple Conclave was on Thursday organized by Confederation of Indian Industry on the theme of ‘Sustainable Innovations for Apple Growers of Kashmir,’ here. Joint Director Horticulture Kashmir, Zahoor Ahmad Bhat participated in the conclave. During the proceedings of the programme various vital and important deliberations were made in technical sections […]

Steel sector witnesses Rs 12,900 cr investment till Dec-end, another Rs 3,000 cr likely till March

New Delhi: Under the production-linked incentive (PLI) scheme for specialty steel, till December, selected companies have invested about Rs 12,900 crore in the domestic steel sector while another Rs 3,000 crore is expected during the current financial year (FY24), the government said. The government is hoping to see an investment of Rs 15,900 crore under […]

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