Posts tagged Rediff
Sensex ends down 454 pts on weak global trends (15-03-2024)
From the Sensex basket, Mahindra and Mahindra, Tata Motors, NTPC, HCL Technologies, Larsen and Toubro, Infosys, Tech Mahindra and State Bank of India were the major laggards. Bharti Airtel, Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and IndusInd Bank were among the gainers.
Govt nods EV policy; min investment fixed at $500 mn (15-03-2024)
The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of $500 million, a move aimed at attracting major global players like US-based Tesla. According to an official statement, the companies setting up manufacturing facilities for e-vehicles will be allowed to import a limited number of cars at lower customs duty. The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers, it added.
PV or CV at TN plant? TaMo to decide based on trends (15-03-2024)
Tata Motors will soon submit a detailed report on the upcoming manufacturing plant in Tamil Nadu's Ranipet district and a decision, on whether the facility will churn out passenger or commercial vehicles, will be taken by the company on the basis of market trends, state's industries minister TRB Rajaa said on Thursday. "They are keeping the options open, and market trends will determine it (the type of vehicles the plant will make). "They will quickly come up with a detailed report on that," Rajaa said.
View Consumption Survey Numbers With Caution (15-03-2024)
Could the MPCE survey results be used as a basis of reconstructing the Consumer Price Index with new weights, asks Madan Sabnavis.
It’s back to the drawing board for payment banks (15-03-2024)
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
Television prices may go up by 10% in April (15-03-2024)
Consumers may have to shell out more to buy television panels as manufacturers say they may raise prices again in April. The industry has been facing this issue of price rise post the pandemic and open cell prices have gone up by around 30 per cent in the last one year. And, television panel manufacturers expect this trend to continue.
‘Banking system has learnt lessons from 2008 crisis’ (15-03-2024)
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
‘Small finance banks need to build all product ranges’ (15-03-2024)
'You cannot have only one product or one market or one customer segment.'
Advance Tax Deadline Today: Who Should Pay? (15-03-2024)
Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax.
Petrol, diesel prices cut by Rs 2 each (14-03-2024)
Petrol and diesel prices were cut by Rs 2 per litre each as state-owned oil companies ended a nearly two-year-long hiatus in rate revision, just hours before the general election schedule was announced.