Onion stock limit for retailers lowered to 2 tonnes

New Delhi: In the battle to check surging onion prices, the government here on Monday further revised the stock holding limits for retailers from 5 tonnes to 2 tonnes, but kept it unchanged at 25 tonnes for wholesalers. The new stock cap is not applicable for importers The new stock cap is not applicable for importers. The decision to reduce the stock More...

by Indileak Web Desk | Published 4 hours ago
By IANS On Monday, December 9th, 2019
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Sellers set their prices on their own: Amazon India

New Delhi: Dismissing allegations of deep discounting and predatory pricing, a top Amazon India executive on Monday asserted that sellers set their prices independently and the platform follows government rules More...

By Indileak Web Desk On Monday, December 9th, 2019
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SBI cuts lending rate by 10 bps to 7.90%

New Delhi: The State Bank of India (SBI) on Monday announced a 10 basis points cut in one-year marginal cost of funds-based lending rate (MCLR), effective from December 10. It will bring SBI’s one-year MCLR More...

By Agencies On Monday, December 9th, 2019
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Vistara enters into codeshare agreement with Lufthansa

New Delhi: Full-service carrier Vistara on Monday entered into a codeshare agreement with Lufthansa. Lufthansa will add its ‘LH’ designator code to nearly 18 Vistara-operated flights every day In aviation More...

By Indileak Web Desk On Saturday, December 7th, 2019
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India’s forex reserves rise to over $451 bn

Mumbai: India’s foreign exchange reserves rose by $2.48 billion during the week ended November 29, official data showed on Friday. Foreign exchange reserves rose by $2.48 billion during the week ended November More...

By Agencies On Monday, December 2nd, 2019
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Centre asks states to impose stock limits on onion traders

New Delhi: Concerned by the rising prices of onions, the Centre on Monday asked the states to impose stock limits on traders and to ensure strict action against hoarding. Rajiv Gauba directed the states to maintain More...

By Indileak Web Desk On Monday, December 2nd, 2019
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NCLT admits RBI’s plea for insolvency against DHFL

New Delhi: The National Company Law Tribunal’s (NCLT) Mumbai bench on Monday admitted the RBI’s application for the initiation of insolvency proceedings against the cash-strapped Dewan Housing Finance More...

By Indileak Web Desk On Sunday, December 1st, 2019
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Airtel releases new tariff plans effective December 3

New Delhi: Telecom major Bharti Airtel on Sunday came out with revised tariff plans for its mobile customers, which would come into effect from December 3. The current yearly plan worth Rs 1,699 would be charged More...

By IANS On Wednesday, November 27th, 2019
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Investors, bankers fear Karvy Broking’s default

Mumbai: The reports of Karvy Broking’s possible default has sent jitters across the investor and banking community, following the market regulator Sebi barring it from taking on new clients over alleged misuse More...

By Agencies On Monday, November 25th, 2019
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Apple to expand base, produce more iPhones in India: Govt

New Delhi: Global technology major Apple, which has started producing iPhones for domestic and exports markets, would expand its operations in India by producing various iPhone models, including iPhone XR, said More...