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Category: Business

Business

DA hiked by 3% for Central Government employees ahead of Diwali

Posted on October 16, 2024 By admin
DA hiked by 3% for Central Government employees ahead of Diwali

Image for representation only | Photo Credit: Reuters The Union Cabinet has cleared a 3% hike in Dearness Allowance (DA) for Central Government employees on Wednesday (October 16, 2024), benefitting more than 1 crore employees and pensioners ahead of the Deepavali festive season this year. The raise takes the DA now to 53% of the…

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Business

Union Cabinet approves hike in MSP for Rabi crops

Posted on October 16, 2024 By admin
Union Cabinet approves hike in MSP for Rabi crops

Representational file image. | Photo Credit: SANDEEP SAXENA The Union Cabinet on Wednesday (October 16, 2024) approved the revised price policy for Rabi marketing season 2025-26, increasing the minimum support prices (MSP) for six crops. The biggest hike was seen in the price of mustard of nearly ₹300, while wheat, the major Rabi crop, saw…

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Business

Jet Airways ownership transfer to JKC: Supreme Court reserves verdict on plea against NCLAT order

Posted on October 16, 2024 By admin
Jet Airways ownership transfer to JKC: Supreme Court reserves verdict on plea against NCLAT order

File picture of a Jet Airways aircraft standing on tarmac at the domestic airport terminal in Mumbai. | Photo Credit: Reuters The Supreme Court on Wednesday (October 16, 2024) reserved its judgment on a plea of State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) decision that upheld…

Read More “Jet Airways ownership transfer to JKC: Supreme Court reserves verdict on plea against NCLAT order” »

Business

Conditions for exports of certain halal meat, products come into effect

Posted on October 16, 2024 By admin
Conditions for exports of certain halal meat, products come into effect

Halal label is seen on a pack of food displayed to sell at a mini market. | Photo Credit: Reuters The government’s move to apply conditions for the export of certain halal meat and its products came into effect on Wednesday (October 16, 2024). In a notification on October 1, the Directorate General of Foreign…

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Business

Focus on quality; export competitiveness won’t come from govt subsidies: Goyal to industry

Posted on October 16, 2024 By admin
Focus on quality; export competitiveness won’t come from govt subsidies: Goyal to industry

Union Minister Piyush Goyal. | Photo Credit: ANI Commerce and Industry Minister Piyush Goyal on Wednesday (October 16, 2024) asked the industry to focus on making high-quality products to tap global markets as export competitiveness will not come from government subsidies or support. He also said that the government is putting its effort to nudge…

Read More “Focus on quality; export competitiveness won’t come from govt subsidies: Goyal to industry” »

Business

Markets fall in early trade amid foreign fund outflows

Posted on October 16, 2024 By admin
Markets fall in early trade amid foreign fund outflows

Market benchmark indices Sensex and Nifty declined in early trade on Wednesday (October 16, 2024) amid unabated foreign fund outflows and tracking a weak trend in global markets. File | Photo Credit: Reuters Market benchmark indices Sensex and Nifty declined in early trade on Wednesday (October 16, 2024) amid unabated foreign fund outflows and tracking…

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Business

Rupee trades in narrow range against US dollar in early trade

Posted on October 16, 2024 By admin
Rupee trades in narrow range against US dollar in early trade

The rupee witnessed range-bound trade and depreciated 3 paise to 84.07 against the U.S. dollar in initial deals. FIle | Photo Credit: Reuters The rupee witnessed range-bound trade and depreciated 3 paise to 84.07 against the U.S. dollar in initial deals on Wednesday (October 16, 2024), weighed down by significant foreign fund outflows and the…

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Business

DGCA removes SpiceJet from enhanced surveillance

Posted on October 15, 2024 By admin
DGCA removes SpiceJet from enhanced surveillance

Image for representation. | Photo Credit: Reuters The Directorate General of Civil Aviation (DGCA) on Tuesday said that it had removed SpiceJet from enhanced surveillance, but would continue to carry out spot checks on the airline to ensure flight safety. SpiceJet was placed on heightened surveillance on September 13 following sporadic disruption in flight services…

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Business

DGCA removes SpiceJet from enhanced surveillance

Posted on October 15, 2024 By admin
DGCA removes SpiceJet from enhanced surveillance

Image for representation. | Photo Credit: Reuters The Directorate General of Civil Aviation (DGCA) on Tuesday said that it had removed SpiceJet from enhanced surveillance, but would continue to carry out spot checks on the airline to ensure flight safety. SpiceJet was placed on heightened surveillance on September 13 following sporadic disruption in flight services…

Read More “DGCA removes SpiceJet from enhanced surveillance” »

Business

Sunil Mittal joins Ambani to pitch for satellite cos buying spectrum

Posted on October 15, 2024 By admin
Sunil Mittal joins Ambani to pitch for satellite cos buying spectrum

Prime Minister Narendra Modi along with Union Minister for Communications Jyotiraditya M. Scindia, Aditya Birla group chairman Kumar Mangalam Birla, Chairman of Bharti Enterprises and founder of Bharti Airtel Sunil Bharati Mittal, Chairman of Reliance Jio Infocomm Ltd. Akash Ambani and others at the 8th International Telecommunication Union – World Telecommunication Standardization Assembly (ITU-WTSA), at…

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Business

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