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Category: Business Updates

Business Updates

Govt to review PLI progress on Jan 12, no plan to widen scheme yet: DPIIT Secy

March 1, 2022By businessreputationdata

The review comes at a time when the department is aiming to make the scheme more efficient, and is learnt to be considering course correction for sectors where the scheme has not produced expected results.

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Business Updates

RBI extends deadline to exchange Rs 2000 currency notes till October 7

March 1, 2022By businessreputationdata

The RBI, however, said Rs 2000 banknotes will continue to be legal tender.

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Business Updates

Reliance nears deal to buy Disney’s India business, says report

March 1, 2022By businessreputationdata

Disney may sell a controlling stake in the Disney Star business, which it values at around $10 billion, rather than piecemeal transactions, Bloomberg reported, citing sources familiar with the matter.

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Business Updates

Sensex climbs 364 points, Nifty closes above 19,650 after RBI MPC policy; Bajaj duo shine

February 28, 2022By businessreputationdata

BSE benchmark Sensex jumped 364.06 points, or 0.55 per cent to 65,995.63, while broader NSE Nifty50 gained 107.75 points, or 0.55 per cent to close the week at 19,653.50.

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Business Updates

Govt clears about 110 applications for imports of laptops, other IT hardware products

February 27, 2022By businessreputationdata

As many as 111 applications were received so far seeking authorization for the import of IT products, a government official said.

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Business Updates

Byju’s, creditors agree to amend $1.2 billion loan terms

February 26, 2022By businessreputationdata

The move comes as Byju’s has already let go of thousands of employees this year, while grappling with multiple legal and financial woes.

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Business Updates

Handed whitelist of loan apps to Govt, says RBI Governor Shaktikanta Das; others set to face action

February 25, 2022By businessreputationdata

Shaktikanta Das said the RBI had collected a list of loan apps from its regulated entities — banks and NBFCs — and given it to the Ministry of Electronics and IT.

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Business Updates

China to provide consular protection to Vivo employees held in India; Says firmly backs rights of its business

February 25, 2022By businessreputationdata

The Enforcement Directorate last week arrested three vivo-India executives in connection with its money laundering probe against the Chinese smartphone maker and some others.

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Business Updates

Nifty touches all-time high, Sensex up 493 points on strong GDP data

February 25, 2022By businessreputationdata

The 50-share Nifty gained 134.75 points, or 0.67 per cent, to close at an all-time of 20,267.9. It touched a high of 20,291.55 during intra-day trade.

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Business Updates

NCCF, NAFED to sell tomatoes at Rs 40 per kg from Sunday

February 24, 2022By businessreputationdata

Since last month, the National Cooperative Consumers’ Federation of India (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) have been selling tomatoes at a discounted rate on behalf of the Consumer Affairs Ministry

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