New Delhi: The government may tweak customs duties in the Budget next week on several goods, including furniture raw materials, copper scrap, certain chemicals, telecom equipment and rubber products, to promote domestic manufacturing and exports, sources said. They said that while import duties could be hiked on over 20 products...
Canara HSBC Oriental Bank of Commerce Life Insurance rolls out “Guaranteed Income4Life”
Kolkata: Canara HSBC Oriental Bank of Commerce Life Insurance has strengthened its Guaranteed Savings portfolio with a new “Guaranteed Income4Life” plan acknowledging the needs of the customers in the given hour. It is a Non-Linked, Non-Par Individual Life Insurance Savings cum Protection Plan which not only offers an individual the...
Transport Ministry Nod To Levying ‘Green Tax’ On Polluting Vehicles
New Delhi: The Union Minister for Road Transport and Highways Nitin Gadkari on Monday said his department has approved a proposal to levy "Green Tax" on old vehicles that are polluting the environment. He said that the proposal will now go to the states for consultation before it is formally...
Indian government to impose permanent ban on 59 Chinese apps including TikTok, UC Browser
New Delhi: The Indian government is preparing to impose a permanent ban on 59 Chinese mobile apps banned in the country. These are 59 apps, which were banned by the government in June 2020 and these apps also include apps like TikTok, UC Browser. Following the clash between Indian and...
Sensex dropped 530.95 pts, Nifty too fell by 133 pts
Mumbai: Extending losses for the third straight session on Monday, the BSE Sensex dropped 530.95 pts to settle at 48,347.59 on heavy selling in Energy, Utilities, Power and Oil and Gas stocks despite positive Asian Market. The Nifty too fell by 133 pts to 14,238.90. High volatility was witnessed during...
Several countries have shown interest in procuring Tejas aircraft: HAL
New Delhi: The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of...
eGrocery To Grow 8X In 5 Years In India, Jiomart Big Gainer
New Delhi: The eGrocery market has grown 60 per cent from the calendar year 2020 and is expected to grow 41-49 per cent by the first half of CY21, according to the latest data provided by a homegrown consulting firm As the e-commerce battle intensifies in India, with Reliance Retail's...
IRDAI Panel For Separate Payments Of Vehicle, Insurance Premium
New Delhi: The Insurance Regulatory and Development Authority of India (Irdai) had issued MISP guidelines in 2017 with the intention of streamlining the process and bringing the practices of vehicle insurance, being sold by automotive dealers under the provisions of the Insurance Act, 1938. Buyer of a new vehicle may...
4 out of top 10 companies m-cap increased by Rs 1.15 lakh crore
The market capitalization (market cap) of four of the top 10 companies of the Sensex increased by Rs 1,15,758.53 crore last week. During this period, the market capitalization of Reliance Industries increased by Rs 71,033.44 crore. The Sensex lost 156.13 points or 0.31 per cent during the whole week. Apart...
Mutual funds: 72 million folios added in 2020
The entire 2020 Covid passed under the shadow of 19. It would not be wrong to call the past year the year of the epidemic. Despite the Corona virus epidemic, investment in mutual funds and new investors continued to be added in 2020. Mutual fund companies added 72 lakh folios...