Category: Business

Business

CII suggests 10-point agenda on ease of business reforms ahead of Budget

January 12, 2025 admin

Union Finance Minister Nirmala Sitharaman chairs the ninth Pre-Budget Consultation with the experts from the Infrastructure, Energy and Urban Sectors in connection with the forthcoming Union Budget 2025-26, in New Delhi. | Photo Credit: ANI Ahead of the upcoming Budget, industry bodyConfederation of Indian Industry (CII) on Sunday (January 12, 2025) suggested a 10-point agenda…

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Gautam Adani announces ₹65,000 crore investment in energy, cement projects in Chhattisgarh

January 12, 2025 admin

Gautam Adani also assured the state government of a ₹10,000 crore impetus over the next four years to support initiatives in education, healthcare, skill development and tourism under the Corporate Social Responsibility (CSR). | Photo Credit: X/@ChhattisgarhCMO “Industrialist Gautam Adani on Sunday (January 12, 2025) called on Chhattisgarh Chief Minister Vishnu Deo Sai and announced an…

Business

No more actions on derivatives on anvil: SEBI WTM Narayan

January 11, 2025 admin

SEBI’s Wholetime Member Ananth Narayan. File The capital markets regulator is not planning any more measures to curb or restrict activity in derivatives, SEBI’s Wholetime Member Ananth Narayan said on Saturday (January 11, 2025). “An expert group under former RBI executive director G. Padmanabhan continues to work on bettering the system, and some moves…

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Manufacturers of medical devices seek MRP monitoring of imported devices

January 11, 2025 admin

Medical device manufacturers have called for monitoring of maximum retail prices (MRP) of imported medical devices into India so that domestic consumers can get affordable rates. In its pre-budget memorandum to the Union Ministry of Finance, the Association of Indian Medical Device Industry (AiMeD) has highlighted that the government’s efforts to reduce import duty on…

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Trade unions condemn L&T CEO’s statement on work hours

January 11, 2025 admin

File picture of S.N Subrahmanyan, CEO & MD, L&T. | Photo Credit: Special Arrangement The central trade unions (CTUs) condemned the statement by the chairman and managing director of Larsen & Toubro (L&T) Limited S.N. Subrahmanyan that working hours must be extended to 90 hours per week, and asking employees to come to work on Sundays…

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RSS affiliate condemns 90-hour work week remark

January 11, 2025 admin

Larsen & Toubro (L&T) chairperson S Subrahmanyan. Dattopant Thengadi foundation (DTF), an affiliate for the Rashtriya Swayamsewak Sangh (RSS), which works in the field of social, economic, and labour policy in India, has condemned Larsen & Toubro (L&T) chairperson S Subrahmanyan’s advocacy of a 90-hour week day. In a communique, the DTF says that the…

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AIG Hospitals to establish ₹800 crore oncology centre in Hyderabad with Proton Beam Therapy

January 11, 2025 admin

Speaking about the initiative, Dr. D. Nageshwar Reddy, chairman of AIG Hospitals, highlighted the transformative potential of the project. | Photo Credit: Special arrangement AIG Hospitals is set to induct Proton Beam Therapy, a ground-breaking technology for treating cancer. The hospital on Saturday (January 11, 2025) announced that its board has approved an investment of…

Business

Life insurers’ new premium slump second month in a row, down 22% in December to ₹30,218.71 crore

January 11, 2025 admin

New business of LIC for December was down more than 41% at ₹13,523.87 crore (₹22,981.28 crore), while for the nine months it was 7.16% higher at ₹1,57,955.95 crore (₹1,47,405.59 crore). File | Photo Credit: Reuters New business of life insurers declined almost 22% year on year in December to ₹30,218.71 crore on the back of tight…

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Pensioners’ delegation calls upon Finance Minister; demands ₹7,500 minimum monthly pension under EPS-95

January 11, 2025 admin

According to a statement issued by EPS-95 National Agitation Committee, the Finance Minister has conveyed to the delegation that their demands would be reviewed and addressed in a sympathetic manner. File | Photo Credit: PTI A delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on Friday (January 10, 2025) to press for their long-pending…

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Indian economy likely to be ‘a little weaker’ in 2025: IMF MD

January 11, 2025 admin

International Monetary Fund (IMF) Managing Director Kristalina Georgieva. File | Photo Credit: Reuters The Indian economy is expected to be “a little weaker” in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Ms. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade…

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