Breaking News

Business

Covid did not turn bitter for kinnow growers of Punjab, Haryana

IANS Chandigarh The Covid-induced lockdown did not turn out bitter for the kinnow — a citrus fruit resembling orange — growers and farm labourers of Punjab and Haryana as they got handsome returns from the natural fruit droppings. A few years back the self-aborted small oranges, once considered the agricultural waste, were either left in the fields to decay or …

Read More »

I-T Deptt refunds Rs 62K Cr to 20L taxpayers

IANS New Delhi In pursuance of the exercise to meet liquidity needs taxpayers during COVID-19 pandemic, the income tax department has fast tracked its tax refund process and processed 20.44 lakh cases amounting to more than Rs 62,361 crore upto June 30. The income tax department has worked at breakneck speed to process the refund claims. It has issued tax …

Read More »

Mathews quits as COAI DG, S P Kochhar to take over post

IANS New Delhi After a long stint of 10 years, Rajan Mathews on Friday resigned as the Director General of the Cellular Operators Association of India (COAI). Following his resignation, COAI has announced the appointment of S.P. Kochhar, former head of the ICT wing of Indian Army, as its Director General. “Kochhar, a decorated military veteran, retired as Signals Officer …

Read More »

Odisha to provide Rs 1,040 cr credit to 7 lakh landless farmers

PTI Bhubaneswar The Odisha government has launched a scheme ‘Balaram’ to provide agricultural credit of Rs 1,040 crore to landless farmers who are facing hardships due to the coronavirus outbreak, officials said on Friday. Around seven lakh landless cultivators will be benefited from the programme in the next two years, they said. The decision in this regard was taken at …

Read More »

Migrants’ identification limits foodgrain distribution to 13%

IANS New Delhi Migrant workers have caught the attention of the nation during the ongoing corona pandemic, but it has become difficult for the states to distribute free foodgrains to them. Only 13 per cent of the foodgrains allocated under the ‘Aatmanirbhar Bharat’ scheme has been distributed while in some states such as Andhra Pradesh, Telangana and Goa, there has …

Read More »

India needs Rs 50-60 lakh cr foreign investments: Gadkari

New Delhi: India needs foreign direct investments worth Rs 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of coronavirus-hit economy, according to Union minister Nitin Gadkari. Emphasising that at this juncture Foreign Direct Investment (FDI) is the need of the hour, the senior minister …

Read More »

BIZ SCAN

Manorama Industries YoY PAT up by 22% Mumbai : Manorama Industries, one of the leaders in Specialty Butters, Fats and Cocoa Butter Equivalents (CBE), announced its results on June 29 where it announced a YoY revenue increase of 83.83%, EBITA increase of 55.99% and PAT increase of 22.43%. On an H2 comparison basis while its revenue increased 37.65%, the PAT …

Read More »

Software provider Amdocs to lay off 1,000 employees

New Delhi: US-based software and communications service provider Amdocs is laying off around 1,000 employees amid uncertainties surrounding the financial recovery owing to the ongoing Covid-19 pandemic, the media reported on Thursday. According to a report in Israeli-based website Calcalist, Amdocs’s quarterly earnings is around $1 billion and a huge part of it – nearly $691 million – comes from …

Read More »

IndiGo expects traffic to rebound

New Delhi: Despite COVID-19 induced economic challenges, senior executive of airline major IndiGo estimates a rebound in domestic passenger traffic within the next 5 months. Accordingly, the airline’s Chief Commercial Officer, William Boulter is encouraged by the fact that demand has sustained since the restart of operations on May 25. Passenger air services were suspended on March 25 due to …

Read More »

Rs 909.85 cr sanctioned for permanent NIT campus in Uttarakhand

Dehradun: The Centre has sanctioned Rs 909.85 crore for the construction of a permanent campus of the National Institute of Technology in Pauri district of Uttarakhand. An official statement said Rs 831.04 crore out of the total amount sanctioned by the Union Ministry of Human Resource Development will be spent on building a permanent campus at Sumari village in the …

Read More »