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Category: Business Updates

Business Updates

Sikkim project destroyed by flood may receive only a part of insurance claim

February 12, 2022By businessreputationdata

The 1,200 MW project is run by Sikkim Urja Ltd (formerly Teesta Urja), which is 60 per cent owned by Sikkim Power Investment Corporation Ltd (SPICL). Asian Genco TUL Pte Ltd owns 30.16 per cent stake in the company.

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Business Updates

Boeing front-runner in wide-body jet talks with IndiGo: Report

February 12, 2022By businessreputationdata

Boeing has emerged as the front-runner to secure an order for around 25 wide-body planes from IndiGo, industry sources told Reuters on Monday, as India’s biggest airline deepens its international expansion with new destinations.

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Business Updates

FMCG firm Onest Ltd files IPO papers with Sebi

February 12, 2022By businessreputationdata

The government has invited applications from exporters to allocate quota for exports of wheat to Bhutan during 2023-24 on humanitarian and food security grounds.

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Business Updates

Arunachal Pradesh is Reaping the Benefits of Sustainable Tourism Practices: Nakap Nalo

February 11, 2022By businessreputationdata

In an interview on the sidelines of Green Tourism India Conclave, Shillong, Nakap Nalo, Minister for Tourism, Arunachal Pradesh, talks about the state’s responsible tourism practices and recent achievements

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Business Updates

Among Sensex firms, 83% sexual harassment cases from IT, banking in FY23

February 11, 2022By businessreputationdata

The data also shows a marked decline in cases in the pandemic years of FY21 and FY22 — 398 and 476, respectively. Experts said a lack of awareness and incomplete company policies may have failed to capture instances of online sexual harassment.

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Business Updates

Formal economy getting more digital and transparent for lenders… there’s clarity in credit book: Federal Bank MD

February 9, 2022By businessreputationdata

Srinivasan says rural demand has started picking up. He believes that inflation, which is currently above the Reserve Bank of India’s (RBI) comfort zone, is trending in the right direction.

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Business Updates

Rupee recovers 7 paise to close at 83.33 against dollar as rate hike fear eases

February 8, 2022By businessreputationdata

A stellar rally in domestic equities fuelled by foreign fund inflows also boosted the rupee sentiment.

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Business Updates

Banking liquidity enters deficit for first time in nearly 5 months

February 7, 2022By businessreputationdata

Indian banking system liquidity slipped into a deficit for the first time since end-March, as the Reserve Bank of India’s (RBI) temporary liquidity withdrawal and tax outflows impacted banks’ funding, traders said.

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Business Updates

Akasa Air, SpiceJet, Air India Express ‘satisfactorily’ complete 737 MAX-8 inspections on DGCA directive

February 6, 2022By businessreputationdata

There are 44 737 MAX-8 aircraft with Indian carriers currently, as per fleet databases, but not all of them are presently operational.

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Business Updates

S&P retains India’s FY24 growth forecast at 6% on slowing world economy, rising risk of subnormal monsoons

February 6, 2022By businessreputationdata

The US-based agency sees the recent spike in vegetable price inflation as being temporary, but revised up the full fiscal retail inflation forecast to 5.5 per cent, from 5 per cent earlier, on higher global oil prices.

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