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Category: Business

Business

SpiceJet-Credit Suisse case: SC threatens to throw SpiceJet CMD into ‘Tihar jail’ over non-payment of dues to Swiss firm

Posted on September 12, 2023 By admin
SpiceJet-Credit Suisse case: SC threatens to throw SpiceJet CMD into ‘Tihar jail’ over non-payment of dues to Swiss firm

Supreme Court threatens to throw SpiceJet CMD Ajay Singh into ‘Tihar jail’ over non-payment of dues to Swiss firm. | Representative Image | | Photo Credit: SUSHIL KUMAR VERMA The Supreme Court has come down hard on SpiceJet Chairman and Managing Director Ajay Singh, warning him he will be sent to Tihar jail for non-compliance…

Read More “SpiceJet-Credit Suisse case: SC threatens to throw SpiceJet CMD into ‘Tihar jail’ over non-payment of dues to Swiss firm” »

Business

Farmers to approach Supreme Court against India-U.S. deal on poultry

Posted on September 12, 2023 By admin
Farmers to approach Supreme Court against India-U.S. deal on poultry

September 12, 2023 11:07 pm | Updated September 13, 2023 12:33 am IST – New Delhi There are concerns that India-U.S. poultry deal would allow for chicken legs and liver (not popular in the U.S.) to be dumped in India. Photo: uspoultry.org As India and the United States decided to end disputes over the import…

Read More “Farmers to approach Supreme Court against India-U.S. deal on poultry” »

Business

Russian sellers said to stop fertiliser discounts to India

Posted on September 12, 2023 By admin
Russian sellers said to stop fertiliser discounts to India

A farmer sprinkles fertilizers after replanting paddy saplings at his paddy field in Bhubaneshwar’s outskirts. | Photo Credit: BISWARANJAN ROUT , Russian companies have ceased offering fertiliser such as di-ammonium phosphate (DAP) to India at discounted prices due to tightening global supplies after becoming the biggest suppliers to the country last year, three industry sources…

Read More “Russian sellers said to stop fertiliser discounts to India” »

Business

India On Removing Additional Duties On US Apples, Walnuts: No Impact On Price

Posted on September 12, 2023 By admin
India On Removing Additional Duties On US Apples, Walnuts: No Impact On Price

There is a regular duty of 50% and Rs 50 per kg minimum import price on apples.(Representational) New Delhi: The government on Tuesday said that the removal of additional retaliatory duties on imports of US apples, walnuts and almonds will not result in any negative impact on domestic producers. Commerce and Industry Minister Piyush Goyal…

Read More “India On Removing Additional Duties On US Apples, Walnuts: No Impact On Price” »

Business

India tea exports dip in January-June

Posted on September 12, 2023 By admin
India tea exports dip in January-June

September 12, 2023 07:55 pm | Updated September 13, 2023 08:30 am IST – COIMBATORE Export of tea from the South registered 2.25 % decline to 37.33 million kg (January-June 2023) from 38.19 million kg. | Photo Credit: DANIELRAO Indian tea exports in the first six months of calendar 2023 saw a slight dip in…

Read More “India tea exports dip in January-June” »

Business

July industrial production rose at 5.7%, a 5-month high

Posted on September 12, 2023 By admin
July industrial production rose at 5.7%, a 5-month high

September 12, 2023 07:37 pm | Updated September 13, 2023 08:31 am IST – NEW DELHI A security personal watches as a worker seals the lid of a tanker filled with ethanol a type of biofuels at Bajaj Hindustan Sugar factory, in Meerut, India, Wednesday, Aug. 23, 2023. India, the current president of the Group…

Read More “July industrial production rose at 5.7%, a 5-month high” »

Business

RBI Issues Revised Classification Valuation Guidelines For Investment Portfolio Of commercial banks

Posted on September 12, 2023 By admin
RBI Issues Revised Classification Valuation Guidelines For Investment Portfolio Of commercial banks

The RBI said the revised guidelines for banks will be effective from April 1, 2024 (File) New Delhi: The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024. Banks will have to categorise investments into three…

Read More “RBI Issues Revised Classification Valuation Guidelines For Investment Portfolio Of commercial banks” »

Business

Industrial Production Growth Rises To 5-Month High Of 5.7% In July

Posted on September 12, 2023 By admin
Industrial Production Growth Rises To 5-Month High Of 5.7% In July

New Delhi: India’s industrial production growth rose to a five-month high of 5.7 per cent in July, mainly due to good showing by the manufacturing, mining and power sectors, according to the official data released on Tuesday. The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 2.2 per…

Read More “Industrial Production Growth Rises To 5-Month High Of 5.7% In July” »

Business

Retail inflation declines to 6.83% in August on falling food prices

Posted on September 12, 2023 By admin
Retail inflation declines to 6.83% in August on falling food prices

A scene at wholesale vegetable market Azadpur Mandi, in New Delhi. | Photo Credit: Sushil Kumar Verma Retail inflation declined to 6.83 per cent in August compared to July, mainly due to easing food prices, according to official data. The Consumer Price Index (CPI) based inflation was at 7.44% in July and at 7% in…

Read More “Retail inflation declines to 6.83% in August on falling food prices” »

Business

SpiceJet Pays Rs 100 Crore To Kal Airways After Court Order

Posted on September 12, 2023 By admin
SpiceJet Pays Rs 100 Crore To Kal Airways After Court Order

Earlier, the Delhi High Court had ordered Spicejet to pay Rs 100 Crore by September 10. New Delhi: SpiceJet has completed the payment of Rs 100 crore to Kal Airways Private Limited, the airline confirmed in a statement today. While a payment of Rs 77.5 crore had been made to Kal Airways till September 11,…

Read More “SpiceJet Pays Rs 100 Crore To Kal Airways After Court Order” »

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