Moratorium: Relief or pain?
When the announcement about the loan waiver was made ‘to overcome the crisis’ of coronavirus, people were a bit relieved that they might not have to face financial burden during the pandemic. Continue Reading
business news
Xylem showcases new C&I meter
Xylem showcased its new C&I meter for the first time at a one-day conference on “Solving Non-Revenue Water Challenge for Water Utilities” held here. Continue Reading
ARS group set to expand operations
ARS Group that owns ARS Energy and ARS Steel (incorporated as ARS Metals Pvt Ltd), a certified steel manufacturer, announced that it is all set to expand its operations. Continue Reading
India’s manufacturing sector activity inches up in November
The country’s manufacturing sector activity inched up in November but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said today. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two-year low, indicating only a slight improvement in the health of the sector. Continue Reading
Telecom stocks surge after tariff hike announcements
Shares of telecom companies today surged on the back of new tariff plans announced by the operators to be effective from 3 December onwards. Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE. Bharti Airtel appreciated 7.35 per cent to trade at Rs 474.80 on the BSE. The stock gained as much as 9.82 per cent to Rs 485.75 in early trade. Continue Reading
Superbottoms makes reusable diapers to save environment
Superbottoms claims to be India’s first and only Consumer Product Safety Improvement Act of 2008 (CPSIA) tested and certified cloth diaper. According to its website, CPSIA was passed by US to better regulate the safety of products made for children under the age of 12 years. Continue Reading
Airtel submits Rs 9,500 crores bids for Reliance Communications
Telecom operator Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for debt-ridden Reliance Communications’ telecom assets, including spectrum, mobile towers and optical fibre, according to an industry source. Continue Reading
P&G sets Rs 200 crores environmental fund
Procter and Gamble (P&G) India announced that it has set-up a Rs 200 crore “Environmental Sustainability Fund” to collaborate with external partners offering environmentally sustainable business solutions. With this announcement, P&G also launched the second edition of “P&G vGROW External Business Partner Summit”. Continue Reading
Asian Paints’ runs APSS campaign
Asian Paints recently ran a campaign for Asian Paints Painting Service (APSS) service with a toll-free number, wherein upon requesting, an Asian Paint trained Customer Associate would visit the home to assist with all painting needs. Continue Reading
Challenges ahead for non-financial Indian companies in 2020: Moody’s
Driven by sluggish economic growth and slowing earnings, credit conditions will weaken for most Indian non-financial companies in 2020, Moody’s Investors Service said. Continue Reading