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Chinese Xiaomi now world 2nd largest seller of Smartphone

Xiaomi has broken into the top two, historically dominated by Samsung Electronics Co and Apple Inc   The Chinese mobile ginat Xiaomi Corp. has become the world’s second biggest smartphone maker over the past quarter following an 83 per cent jump in shipments, according to preliminary estimates by Canalys.   This marks the first occasion Read More…

Companies Europe Industries Market Voice

Norwegian pension fund KLP pulls out of Adani Ports

In a major set back to Adani conglomerate Norwegian pension fund KLP is divesting from Adani Ports and Special Economic Zone Limited on the grounds the company’s links with the Myanmar military breach the fund’s responsible investment policy, KLP told Reuters on Tuesday. “Adani’s operations in Myanmar and its business partnership with that country’s armed forces Read More…

Banks Companies Indian Subcontinent Industries Market Regulators

SEBI move to curb money laundering by foreign Investors delayed by Custodians

The Securities and Exchange Board of India (Sebi) has deferred the diktat requiring foreign investors to disclose their mobile number, email addresses and income details to depositories, a move believed to be aimed at curbing practices such as round tripping and money laundering.   “Based on the representations received from MIIs (market infrastructure institutions), Sebi Read More…

BJP Companies Indian Subcontinent Industries Jobs Market Opinion

Union govt led by Modi’s 2020-21 economy contracted 7.3 % worst in the 40 years

India’s economy contracted during the first half of FY21.   The Indian economy rose by 1.6% in the January to March quarter (Q4 FY21) from the previous year   But contracted by 7.3 per cent for the entire fiscal year, which was the worst in more than 40 years, data released by the government showed Read More…

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Congress Supports DMK voice for altering 1 State 1 vote in GST Council

Tamil Nadu state Congress president K.S. Alagiri on Sunday said that he supports the view of state Finance Minister, P.T.R. Thiagarajan that the “One State One Vote” in the GST Council was unfair.   Alagiri, in a statement, said that treating higher revenue states and lower revenue states at par was unfair and also accused Read More…

Automobile BJP Industries Market South India

Amidst covid troubles in India Petrol prices shoot to 100 Rs per litre

First time in Indian fuel histroy Petrol crosses Rs 100 a litre in Mumbai after 15th increase post assembly election results  this month..    Petrol price on Saturday crossed the Rs 100-a-litre mark in Mumbai after the 15th increase in fuel prices this month..   The increase 15th this month – took petrol and diesel Read More…

Business Indian Subcontinent Industries Regulators

After seven months GST Council met and its highlights

The Goods and Services Tax Council met today for its first meeting in nearly seven months and decided on a slew of matters.   The biggest decision was on reducing the compliance burden on taxpayers, Finance Minister Nirmala Sitharaman, who chaired the 43rd meeting of the Council, said.   To provide relief to small taxpayers, Read More…

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RBI waves Red flag over 100.7% surge in Index prices pinpointing 8% GDP Contraction

In its annual report for 2020-21, RBI noted that India”s equity prices have surged to record highs, with the benchmark index Sensex crossing the 50,000 mark on January 21, 2021 to touch a peak of 52,154 on February 15.   This represents a 100.7 per cent increase from the slump just before beginning of the Read More…

Corona Virus Health Indian Subcontinent Industries medical

DRDO’s anti-COVID oral drug 2-DG released by Defence Minister Rajnath

The first batch of anti-COVID oral drug 2-DG, developed by the DRDO, was released on Monday by Defence Minister Rajnath Singh and Health Minister Harsh Vardhan.   The Drugs Controller General of India (DGCI) approved the 2-deoxy-D-glucose (2-DG) drug for emergency use as an adjunct therapy in moderate to severe coronavirus patients earlier this month. Read More…