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Search results for fy2021

EMS IPO: Should you subscribe to it? Here’s everything you need to know
1 year, 3 months ago

EMS IPO: Should you subscribe to it? Here’s everything you need to know

Live Mint  

The Rs 321 crore initial public offering of EMS Ltd opened for subscription on September 8 and will conclude on September 12. Anchor investors: A day before its IPO, EMS mopped up Rs 96.37 crore from six anchor investors, namely- NAV Capital Emerging Star Fund, Abakkus Diversified Alpha Fund, Saint Capital Fund, Meru Investment Fund PCC - CELL 1, BofA …

Treatment Projects Company Investors Crore Shares Strong
Income of Middle-Class Indians Jumps 3 Times In 10 Years; 13.6% Leave Lower-Income Strata: SBI Report
1 year, 4 months ago

Income of Middle-Class Indians Jumps 3 Times In 10 Years; 13.6% Leave Lower-Income Strata: SBI Report

News 18  

Showing a significant increase in middle-class income, India’s weighted mean income has jumped about three times from Rs 4.4 lakh to Rs 13 lakh between FY2012-13 and FY2021-22, according to an SBI Research report. In the assessment year 2011-12, 16 million people had filed ITR with the maximum concentration of 84 per cent population belonging to income group of up …

India Population Income Report Million Group Cent
Uno Minda sues JV partner in Singapore arbitration court
1 year, 7 months ago

Uno Minda sues JV partner in Singapore arbitration court

Live Mint  

Homegrown auto components manufacturer Uno Minda Ltd has initiated arbitration against its joint venture partner, Westport Fuel Systems, alleging violations of their exclusivity agreement over the past three years. Uno Minda has claimed that Westport breached the agreement by supplying CNG components directly to other clients, and bypassing the joint venture, that resulted in lost business opportunities, according to a …

Indian Gas Fuel Agreement Systems Uno Minda
Only about 50% of allocated funds for Samagra Shiksha scheme released till February
1 year, 8 months ago

Only about 50% of allocated funds for Samagra Shiksha scheme released till February

The Hindu  

Just a month before the financial year of 2022-23 comes to a close, in February, the Centre had released just a little over 50% of the total allocated funds for the Samagra Shiksha scheme run by the Ministry of Education. The latest data available with the MoE reveals that, of the allocated ₹37,383 crore for FY2022-23, up to ₹19,709 crore …

Education Financial States Schools State Share Central
Parliamentary Committee pulls up Indian Railways over losses incurred
1 year, 9 months ago

Parliamentary Committee pulls up Indian Railways over losses incurred

The Hindu  

A drastic fall in the net revenue of the Indian Railways has left the Parliamentary Standing Committee on Railways perturbed. In it’s Demands for Grants Report, the committee has observed that the Railways’ net revenues has witnessed a drastic downward trend since 2020-21 except in 2014-15, when it witnessed an increase of 8.20%. The committee has recommended the Ministry of …

Indian Railways Railways Revenue Committee Net Operating Ratio
Karnataka best equipped to supply renewable energy: report
1 year, 9 months ago

Karnataka best equipped to supply renewable energy: report

The Hindu  

Karnataka is currently the State with the best equipped power systems to transition its electricity system from being fossil-powered to renewable energy sources, followed by Andhra Pradesh and Gujarat, says an analysis by the Institute for Energy Economics and Financial Analysis and Ember on Monday. The Centre has approved the Intra-State Transmission System – Green Energy Corridor Phase-II that lays …

India Karnataka Electricity States Gujarat Renewable Energy Power
Two-wheeler lending: How Fintech is powering growth by ushering in a new era of customer convenience
1 year, 10 months ago

Two-wheeler lending: How Fintech is powering growth by ushering in a new era of customer convenience

Firstpost  

Regarded as the largest producer and manufacturer of two-wheelers in the world, the Indian two-wheeler industry is still reeling under the impact of the COVID-19 pandemic, with the ensuing inflationary environment further impacting consumer demand. As compared to traditional financial institutions, fintech lenders are employing technologies such as artificial intelligence, robotization and other digitalization initiatives to offer app-based documentation processes …

Fintech Indians Lenders Two Wheelers Fintech Lenders
Budget 2023 | Railways gets outlay of ₹2.4 lakh crore
1 year, 10 months ago

Budget 2023 | Railways gets outlay of ₹2.4 lakh crore

The Hindu  

With an outlay of ₹2.40 lakh crore for the financial year 2023-24 compared to ₹1.40 lakh crore in the FY22-23, Finance Minister Nirmala Sitharaman said that the outlay for the railways is nine times the amount provided in 2013-2014. “The current outlay will be beneficial for 800 crore passengers who annually travel by railways,” Mr. Vaishnaw said. The higher outlay, …

Railways Vaishnaw Vande Bharat Operating Ratio
NHAI lays down procedures for extensive road safety audits
1 year, 11 months ago

NHAI lays down procedures for extensive road safety audits

Live Mint  

NEW DELHI: The National Highway Authority of India has laid down extensive policy procedures for carrying out road safety audit and responsibilities has been earmarked for stakeholders for facilitating the audit and for implementation of the recommendations, the Ministry of Road Transport & Highways said in a statement. “During FY2021-22, NHAI undertook safety audit of 16,500 km of national highways …

Safety National Audit Road Nhai National Highways Safety Audit
What Index? When Pakistanis are fighting it out for flour in streets, how Pak is ahead of India in Global Hunger Index
1 year, 11 months ago

What Index? When Pakistanis are fighting it out for flour in streets, how Pak is ahead of India in Global Hunger Index

Firstpost  

Looking at current economic crisis in Pakistan - with no respite in the near future as World Bank has cut Pakistan’s GDP growth forecast in half - it seems India’s objection to several perception-based indices for their bias, flawed methodology and opacity certainly wasn’t “untrue” New Delhi: Ranked ahead of India in the Global Hunger Index 2022, Pakistan today is …

Global India Pakistan World Index World Bank New Delhi
Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments
1 year, 11 months ago

Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments

The Hindu  

The Union Cabinet approved an outlay of ₹2,600 crore to promote payments using RuPay cards and the Unified Payments Interface, Union Minister Bhupendra Yadav announced on Wednesday. Banks will be provided this incentive money to promote such digital payments, the Cabinet said in a press release. “The scheme will also promote UPI Lite and UPI 123PAY as economical and user-friendly …

Payments Digital Payments Digital Cabinet Upi
Jaishankar Meets Eminent Foreign Policy Thinkers in Egypt
2 years, 2 months ago

Jaishankar Meets Eminent Foreign Policy Thinkers in Egypt

News 18  

External Affairs Minister S Jaishankar has met eminent personalities in the field of foreign policy here, as he began his two-day visit to Egypt to explore new initiatives in India’s partnership with the key African nation. During the visit, Jaishankar and Shoukry are expected to discuss a range of bilateral, regional and international issues of mutual interest, the external affairs …

India Foreign Policy Indian Jaishankar Egypt Trade Eminent Foreign
Data | How did Central Public Sector Enterprises perform in FY2021?
2 years, 4 months ago

Data | How did Central Public Sector Enterprises perform in FY2021?

The Hindu  

Financial Year 2021, the one-year period just after the national lockdown was announced, was a relatively better year for Central Public Sector Enterprises in terms of profits. Of the 254 CPSEs for which data are available, 177 made net profits while 77 made net losses in FY21. Worryingly, 28 of those 77 loss-making CPSEs have made net losses for the …

Net Losses Profits Cpses Net Losses Public Sector Enterprises
Bharti Airtel Q4 net profit zooms to ₹2,008 crore
2 years, 7 months ago

Bharti Airtel Q4 net profit zooms to ₹2,008 crore

The Hindu  

India's second largest telecom operator Bharti Airtel on Tuesday posted over two-fold jump in its consolidated net profit to ₹2,008 crore for the March quarter. Airtel's revenue from operations rose 22.3% to ₹31,500 crore during the fourth quarter of FY2021-22, from ₹25,747 crore in the corresponding period of the previous year. For the full year FY22, the Sunil Mittal-led telco …

Crore Bharti Airtel
An eye on achieving SDGs
2 years, 7 months ago

An eye on achieving SDGs

The Hindu  

NITI Aayog’s 2020-21 Sustainable Development Goals India Index detailed the implementation of the United Nations’ SDGs in the country, States and Union Territories. All the States managed to score above 50 points in SDG implementation, with 13 States featuring in the ‘Performer’ category and 15 in the ‘Front Runner’ category. It topped in the implementation of two SDGs — 13 …

India Climate Change Odisha Climate States Goals State
ICICI Bank Q4 net profit surges by 59% to ₹7,019 cr
2 years, 8 months ago

ICICI Bank Q4 net profit surges by 59% to ₹7,019 cr

Hindustan Times  

Private sector lender ICICI Bank on Saturday reported a 59 per cent jump in standalone net profit to ₹7,019 crore for the fourth quarter of FY2021-22. Net interest income increased by 21 per cent to ₹12,605 crore from ₹10,431 crore in the same quarter a year ago, it said. On a consolidated basis, ICICI Bank Group net profit jumped by …

Bank Crore Cent Quarter Icici Bank Net
Stocks to Watch Today: HDFC Bank, Infosys, Mindtree, M&M, and Others
2 years, 8 months ago

Stocks to Watch Today: HDFC Bank, Infosys, Mindtree, M&M, and Others

News 18  

Markets may start Monday’s trade on a flat note with a negative bias amid mixed global cues. HDFC Bank The country’s largest private sector lender HDFC Bank on Saturday reported a 23 per cent jump in standalone net profit to Rs 10,055.20 crore for the March quarter, led by growth in loan demand across categories and lower provisioning as bad …

Crore Cent Hdfc Bank Infosys
Auto component industry likely to clock 8-10% growth in FY23: report
2 years, 8 months ago

Auto component industry likely to clock 8-10% growth in FY23: report

The Hindu  

The Indian auto component industry is expected to clock 8-10% growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra. Domestic OEM demand has remained a mixed bag across segments in FY2022, with a slowdown in two-wheelers and semiconductor shortage dragging down overall production volumes," …

Growth Auto Oem Icra Fy23 Report Semiconductor Shortage
Income Tax Planning: PAN-Aadhaar Linking, 4 Important Tasks Need to be Done by March 31
2 years, 9 months ago

Income Tax Planning: PAN-Aadhaar Linking, 4 Important Tasks Need to be Done by March 31

News 18  

With March coming to an end, a lot of money-related deadlines would end along with the current financial year FY2021-22. Besides these, from the last day of filing belated income tax returns to linking your PAN-Aadhaar, the month of March has some other crucial deadlines for your money matters as well. Belated ITR filing The deadline for belated ITR filing …

Tax Bank Date 2022 Account Pan Itr
Budget 2022-23: Nirmala Sitharaman makes bold move by focusing on infra development, higher capital expenditure
2 years, 10 months ago

Budget 2022-23: Nirmala Sitharaman makes bold move by focusing on infra development, higher capital expenditure

Firstpost  

Finance Minister Nirmala Sitharaman on Tuesday presented the tenth Budget of the Narendra Modi government. The big story of Budget 2022 is laying the blueprint for Amrit Kaal vision — India@75 to India @100 — with focus on: “Complementing macroeconomic growth focus with micro economic all-inclusive welfare focus; promoting digital economy and fintech, technology enabled development, energy transition, and climate …

India Growth Infrastructure Development Railways Urban Development Budget
Infra Vaani: By Not Playing Safe and Focusing on Higher Capital Expenditure, FM Makes a Bold Move
2 years, 10 months ago

Infra Vaani: By Not Playing Safe and Focusing on Higher Capital Expenditure, FM Makes a Bold Move

News 18  

Finance Minister Nirmala Sitharaman on Tuesday presented the tenth Budget of the Narendra Modi government. The big story of Budget 2022 is laying the blueprint for Amrit Kaal vision — India@75 to India @100 — with focus on: “Complementing macroeconomic growth focus with micro economic all-inclusive welfare focus; promoting digital economy and fintech, technology enabled development, energy transition, and climate …

India Growth Development Railways Urban Development Budget Urban
India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data
2 years, 11 months ago

India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data

India TV News  

Highlights The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal. The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal, surpassing pre-Covid level in actual terms mainly on account of improved performance especially in farm, mining and manufacturing sectors. The improvement in the economy comes over a GDP contraction …

India Growth Crore Cent Lakh Gdp Grow
LIC, SBI Mutual Funds, OYO and More: Top 5 IPOs You Should Watch Out for This Year
2 years, 11 months ago

LIC, SBI Mutual Funds, OYO and More: Top 5 IPOs You Should Watch Out for This Year

News 18  

IPOs to Watch Out for in 2022: The year 2021 was a golden year for companies who floated their initial public offerings or IPOs, many of which saw stellar listings at the Dalal Street. The recent IPO boom in India is expected to get carried forward to the new year 2022, with more and more key companies joining the list …

India Bank Companies Issue Public This Year Oyo
Underestimated utility: The Hindu Editorial on Mahatma Gandhi Rural Employment Guarantee rural jobs scheme fund crunch
3 years, 1 month ago

Underestimated utility: The Hindu Editorial on Mahatma Gandhi Rural Employment Guarantee rural jobs scheme fund crunch

The Hindu  

That as many as 21 of 35 States/UTs have utilised, by October 29, over 100% of their allocated funds under the Mahatma Gandhi Rural Employment Guarantee Scheme for FY2021-22 is not a surprise. In the previous year, the allocations for MGNREGS were increased by ₹50,000 crore to meet the demand for work, with the Revised Estimates for spending for the …

Budget Work Demand Scheme Rural Employment Gandhi Rural