Saturday, November 27, 2021

Economy and Finance

While Sugar factories elsewhere were closing down during Covid-19, all factories were kept running in Uttar Pradesh: CM Yogi Adityanath

Yogi Adityanath said that all sugar factories in UP were running during Covid-19, and closed factories were reopened

Singapore’s High Commissioner Simon meets UP CM Yogi Adityanath, hails connectivity and ease of doing business

Singapore High Commissioner said that they have identified various sectors like religious tourism, logistics and infrastructure where they could invest in Uttar Pradesh.

BSE Sensex reaches 60,000 for the first time, surges 134 per cent in the last 18 months

The last 10,000 point rally, from 50,000 to 60,000-mark, came in just 8 months, the fastest ever since the launch of Sensex in March 1986

NDTV share hits 10 per cent upper circuit over rumours of buyout: Here’s what it means

Speculations are rife that Adani Group is soon going to acquire New Delhi-based NDTV.

Banks suffer due to bad loans, then economy suffers as banks lend less – Read how ‘Bad Bank’ will break this vicious cycle

NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹2 lakh crore in total

PepsiCo India sets up its largest greenfield food plant in Mathura in Uttar Pradesh, a year after wrapping up business in Kerala

UP CM Yogi Adityanath inaugurated PepsiCo India's largest greenfield foods plant worth Rs 814 crore in Kosi Kalan in Mathura

Ford India shuts shop after a decade of bad business: How it went from accumulated losses of ₹1,764 crore in 2014 to ₹14,802 crore...

Ford India to shut down its car assembly plants in Sanand and Chennai, after suffering continuous losses for several years

Karnataka ranks at the top, attracts almost 50% of the total FDI flow to India in the Apr-June quarter

Karnataka has attracted Foreign Direct Investments (FDIs) worth Rs 62,085 crore in the first quarter of FY 2022 which is 48% of the total FDI flow to India during this period.

Finance Ministry introduces bill to withdraw retrospective tax and refund collected amounts, says the tax is a sore point for investors

Finance ministry to amend the Income Tax Act, 1961 to remove the provisions of retrospective tax introduced by UPA govt in 2012.

India’s manufacturing sector sees the strongest rate of growth in July in recent months: IHS Markit survey

Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 48.1 in June to 55.3 in July.

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