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Textile exports fell 13% in FY21 on COVID-19 impact

M Soundariya Preetha ‘Ready-made garments declined 20.78%’

6hrs

The average number of passengers per flight during April 2021 was 93, against an average of 109 passengers per flight in March 2021, according to ICRA. File photo

Air passenger traffic slid 29% in April: ICRA

Special Correspondent ‘Passenger numbers back at Oct. level’

6hrs

The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Monero (XMR) are seen on the display of a cryptocurrency ATM of blockchain payment service provider in Zurich, Switzerland March 4, 2021.

'Speculative excess': ethereum finds new peak in sizzling crypto market

Reuters ETH hits new record of $3,457, ETH/BTC at nearly three-year high.

Foxconn, Dell apply for PLI under IT hardware

PTI Output may be worth ₹1.6 lakh crore

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NPA account of Saravana Stores declared as fraud: Indian Bank

CCI orders probe against Tata Motors

Tata Steel is back in black, nets ₹7,162 cr.

Textile exports fell 13% in FY21 on COVID-19 impact

Air passenger traffic slid 29% in April: ICRA

Facing chips shortage, Biden may shelve blunt tool used in COVID fight

SpiceJet's freighter arm airlifts 3,100 oxygen concentrators from Beijing

Budget carrier SpiceJet's freighter arm on Wednesday airlifted 3,100 oxygen concentrators from Beijing.The airline used its B767 and A330 wide-body

U.S. sanctions may spur Adani to exit Myanmar

Ports firm had won a terminal project

Foxconn, Dell apply for PLI under IT hardware

Output may be worth ₹1.6 lakh crore

Govt. gives TSPs nod for 5G trials; Chinese tech giants left out

TSPs tied up with OEMs Ericsson, Nokia, Samsung, C-DOT.

Air India has airlifted 190 tonnes of medical equipment from various countries in 10 days

Air India on Tuesday said it has airlifted over 190 tonnes of medical equipment from various countries, including Germany, the US, the UK and

Chipmaker TSMC eyeing expansion of planned Arizona plant

TSMC, the world's largest contract chipmaker, announced in May 2020 it would build a $12 billion factory in Arizona.

Arrange vaccination, else we’ll stop work: Air India Pilots

One of the pilots’ unions of Air India on Tuesday threatened to stop work if the airline failed to organise vaccination camps for them on a priority

RBI imposes ₹3 crore penalty on ICICI Bank

A penalty of ₹3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday. The RBI

'Speculative excess': ethereum finds new peak in sizzling crypto market

ETH hits new record of $3,457, ETH/BTC at nearly three-year high.

Profit at Kotak Mahindra jumps 35%

Kotak Mahindra Bank on reported a 35% jump in its consolidated net profit for the January-March quarter to ₹2,589.3 crore on core income growth, and

CII’s Kotak urges firms to voluntarily curtail operations

‘Safeguarding lives is the highest collective national priority’

Rabi Sankar takes charge as RBI Dy. Gov.

T. Rabi Sankar on Monday assumed office as a Deputy Governor of the Reserve Bank of India. Mr. Sankar, who was an executive director prior to his

IDBI Bank back in black in FY21 after five years

Lender posts a profit of ₹1,359 crore

‘OPEC share slid as India’s oil imports shrank 11.8%’

Country bought more U.S. crude: trade

Ashok Leyland scales down production as demand dips amid COVID-19 surge

With a surge in COVID-19 cases across the country, various auto companies have either taken a temporary break from production or have scaled down manufacturing.

Pfizer donates $70 mn worth COVID-19 treatment drugs to India

“We are deeply concerned by the critical COVID-19 situation in India, and our hearts go out to you, your loved ones and all the people of India,” says Pfizer Chairman and CEO Albert Bourla

TSMC says can catch up with auto chip demand by end June

Taiwan, home to a booming semiconductor industry, is front and centre of efforts to resolve that problem, and its chipmakers have vowed to ramp up capacity

Indian-origin billionaire businessman Vinod Khosla pledges $10 mn for oxygen supply in India

Taking to Twitter, 66-year-old venture capitalist Vinod Khosla said that there was a need to save lives as further delay may end up in more deaths.

Natco gets CDSCO nod for emergency use of Baricitinib tablets for COVID-19 treatment

Baricitinib in combination with Remdesivir, is used for treatment of COVID-19 positive patients, the Natco Pharma said

CII president calls for stringent lockdown

The requirement for hospital beds, oxygen and medicines will continue to escalate at the current pace of the pandemic. says industry body.

India’s merchandise exports in April touch $30.21 billion

Trade deficit for first month of 2021-22 stands at $15.24 billion

Cotton production estimated to be lower at 360 lakh bales

The Committee on Cotton Production and Consumption expects production during the current season (October 2020 to September 2021) to be at 360 lakh

Power consumption grows 41%

Power consumption grew 41% in April 2021 to 119.27 billion units (BU) over the same month last year, showing robust recovery in industrial and

Jump in COVID cases hits India’s April fuel demand

Analysts see a sharper slump in May

Major auto cos log subdued sales in April amid COVID-19

However, Mahindra & Mahindra along with Honda Cars India posted sequential growth in their passenger vehicle sales last month.

CPCB identifies 30 industries to increase production of medical oxygen

‘Efforts have begun to modify nitrogen plants for the production of medical oxygen’

SBI cuts home loan interest rate to 6.7%

State Bank of India (SBI) has announced lower interest rates on home loans, starting from 6.7% for loans up to ₹30 lakh.The lender will charge 6.95%

RIL ramps up production of liquid medical oxygen, augments tankers for faster supplies

We have supplied over 55,000 MT to various State governments free of cost, it says

Serum Institute plans to start vaccine production outside India: The Times

The Serum Institute of India, which manufactures the AstraZeneca COVID-19 vaccine, is planning to start vaccine production in other countries as it

Yes Bank posts Q4 loss of ₹3,788 crore

Private sector lender Yes Bank on Friday posted a whopping standalone net loss of ₹3,788 crore for the fourth quarter ended March 2021 due to a fall

‘COVID-19 curbs to delay multiplexes’ recovery’

Sector may recoup only in FY23: Crisil

Reliance Q4 profit more than doubles

Jio, retail arm spur parent profit to ₹13,227 crore; RIL’s FY21 revenue falls on lower volumes, realisation

Non-food credit growth slows in March

Pace eases to 4.9%, from 6.7% a year earlier; medium industries see robust uptake

Second wave may dent housing sales revival

The recent outbreak of the second wave of COVID-19 and semi-lockdowns in many States may impede the housing sector’s revival seen during the last nine

Core sector output up 6.8% in March

Coal, crude oil, refinery products and fertiliser segments recorded negative growth during the month under review

Manipal Hospitals completes acquisition of Columbia Asia

The ₹2,100 crore deal got the regulatory nod on Friday.

Why Apple has chips for iPhones while Ford got caught short

The contrasting results show how major players in the electronics industry, accustomed to the long time horizons of chip production, have mostly avoided major disruptions from the chip shortage

India's oxygen crisis to ease by mid-May, output to jump 25%: Linde Plc

Medical oxygen consumption in India has shot up more than eight-fold from usual levels to about 7,200 tonnes per day this month

Bajaj Auto Q4 net rises 2%, firm flags input costs

Board names Niraj Bajaj chairman

Indian pharma frets as China airline uncertainty hits supply

India’s pharmaceuticals industry is concerned that the disruption to Chinese carrier Sichuan Airlines’ cargo services to the country may seriously hit

SEBI allows firms 45 days more to file Q4 results

Regulator eases norms on second wave

Hindustan Unilever Q4 net rises 13% on volume growth

Home care segment grows 15%, foods category climbs 36%

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