Vajpayee piloted second generation of economic reforms: India Inc

New Delhi, Aug 16 : Indian industry paid rich tributes to former Prime Minister Atal Bihari Vajpayee following his demise on Thursday, saying the iconic BJP leader ushered in the second generation of economic reforms that promoted India’s rapid growth. “The second generation of economic reforms introduced under his visionary leadership contributed greatly to a […]

NCL Veka commissions uPVC extrusion facility in Telangana

Hyderabad, Aug 16 : NCL Veka has commissioned its new uPVC extrusion facility in Telangana to cater to the increasing demand for uPVC windows profiles in India and exports. NCL Veka, a joint venture between NCL, a leading building materials manufacturer and Germany’s Veka, world’s largest producer of Unplasticized Poly Vinyl Chloride (uPVC) profiles, has […]

Trade deficit depreciates Indian rupee to a fresh low; closes at 70.16

New Delhi/Mumbai, Aug 16 : A wider trade deficit, along with outflow of foreign funds pulled the Indian rupee to a fresh record intra-day and closing low on Thursday. The Indian rupee had plunged to an intra-day level of 70.39-40 — the lowest ever mark — against the greenback prompting automobile manufacturers and other import […]

RBI Governor Urjit Patel launches UPI 2.0

Mumbai, Aug 16 : Reserve Bank of India (RBI) Governor, Urjit Patel on Thursday launched the Unified Payments Interface (UPI) 2.0 developed by the National Payments Corporation of India (NPCI). The UPI 2.0 has enhanced features such as “invoice in the inbox, signed intent or QR, UPI mandate with blocking of funds and UPI for […]

Big C targets Rs 1,500 cr turnover this fiscal

Hyderabad, Aug 16 : Leading mobile retail chain Big C has set a target of 40 per cent growth during the current financial year to cross a Rs 1,500 crore turnover. Big C’s Founder, Chairman and Managing Director M. Balu Chowdary on Thursday said they had also prepared plans for rapid expansion. With over 225 […]

Risks to inflation remain, trade war can impact exports: RBI’s MPC

Mumbai, Aug 16 : The RBI hiked its key lending rate by 25 basis points for the second time in a row saying upside risks to inflation remain elevated in view of factors such as minimum support price (MSP) for farmers, oil price, monsoon, and GST, minutes of the August Monetary Policy Committee (MPC) meeting […]