Business

Wipro, IISc tie up to make 3D printer

Bengaluru,  Wipro 3D and renowned Indian Institute of Science (IISc) are collaborating to build the country’s first industrial grade metal 3D printer, the software major said on Saturday. “The country’s first 3D printing machine works on selective electron beam melting …

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SpiceJet grounds 3 aircraft citing defects

Mumbai,  SpiceJet has informed the exchanges that it has grounded three of its B737 freighter aircraft. The low cost carrier on Friday said that the step was taken “on the advice of the Israeli Aerospace Industries (IAI), which converted these …

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Sensex adds 428 pts over US-China trade deal

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Mumbai,  Benchmark index Sensex closed near its life-time high on Friday after signs of easing US and China trade tension ignoring weak macroeconomic situation in the country. Official data on Thursday showed that retail inflation has soared to 5.54 per …

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Govt’s stimulus report highlights FDI inflow, support to NBFCs

New Delhi, The Finance Ministry on Friday presented a status report on the impact of the recently announced stimulus measures, highlighting that inflow of foreign direct investment (FDI) reached a record level during the April-June period, among other things. Presenting …

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Onion prices: Centre keeping close vigil, says FM

New Delhi,  Finance Minister Nirmala Sitharaman on Friday said that the Central government is closely monitoring onion prices which have exponentially shot up recently. According to the minister, the situation is gradually improving with increased shipments of onions coming into …

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Slowdown: Nov YoY exports down, imports fall over 12%

New Delhi,  Domestic and global slowdown along with lower crude oil prices heavily dented India’s external trade as both exports and imports for November showed a downward trend. Accordingly, November exports were marginally down to $25.98 billion from $26.07 billion …

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I-T dept tax refunds up at Rs 1.57 lakh cr: Revenue Secy

New Delhi, The Income Tax Department has issued tax refunds of Rs 1.57 lakh crore till December 11, Revenue Secretary Ajay Bhushan Pandey said on Friday. Pandey said at a press meet which was held for showing the report card …

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India’s industrial output contracts by 3.8% in Oct

New Delhi,  Dwindling manufacturing activity on the back of subdued demand conditions, contracted India’s October factory output by (-) 3.8 per cent. However, the Index of Industrial Production (IIP) data suggested that downward production spiral has somewhat been arrested with …

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Nestle fined Rs 90 cr for not passing on GST rate cut

New Delhi,  The national anti-profiteering agency has slapped a Rs 90 crore penalty on FMCG giant Nestle India for not passing on the benefit of the goods and services tax (GST) reduction to consumers. It also asked Nestle to deposit …

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Rising food prices lift Nov retail inflation to 5.54%

New Delhi,  A massive rise in food prices lifted India’s November’s retail inflation to 5.54 per cent from 4.62 per cent in October, official data showed on Thursday. Similarly, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) last …

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