Corporate India set for a positive Financial Year 22 despite curbs

Corporate India set for a positive Financial Year 22 despite curbs

After a superlative show in FY21, the best in a decade, in which it has overcame large supply-side disruption, Corporate India is well-placed to turn in a good performance in the current year too. It may not have been a great start, however,...

Finance Ministry sanctioned Rs 9,871 crore grant to 17 states

Finance Ministry sanctioned Rs 9,871 crore grant to 17 states

The finance ministry on Thursday stated, it has sanctioned the fourth monthly installment of post devolution revenue deficit grant of Rs 9,871 crore to 17 states. With the release of this installment, a total amount of Rs 39,484 crore has been...

Union cabinet approves 23,123 crore rupee to enhance healthcare infrastructure in states

Union cabinet approves 23,123 crore rupee to enhance healthcare infrastructure in states

The cabinet on Thursday sanctioned a 23,123 crore rupee package to prevent a repeat of the disastrous events surrounding the second wave of the Covid-19 pandemic in case a third wave strikes. People struggled to find hospitals beds, oxygen and...

IAF Signs Rs 499-crore Deal with Bharat Dynamics Ltd for Akash Missiles

IAF Signs Rs 499-crore Deal with Bharat Dynamics Ltd for Akash Missiles

Bharat Dynamics Limited (BDL) and the Ministry of Defence signed a contract for Rs 499 crore on Thursday to manufacture and supply Akash missiles to the Indian Air Force (IAF). According to a press release, the contract was signed in the...

Equity funds witnessed lower inflows in the month of June

Equity funds witnessed lower inflows in the month of June

Equity mutual funds (MFs) witnessed lower inflows of Rs 5,988 crore in the month of June, compared with inflow of Rs 10,082.9 crore in May, according to data from the AMFI. Net inflow for the MF industry stood at Rs 15,320 crore in June as...

LIC to have CEO and MD; post of executive chairman scrapped

LIC to have CEO and MD; post of executive chairman scrapped

Life Insurance Corporation of India (LIC), which is gearing up to launch a mega initial public offering (IPO), will now have the post of Managing Director and Chief Executive Officer instead of an Executive Chairman on the pattern of public sector...

5 ways Human Resources Trends Will Change in the Future

5 ways Human Resources Trends Will Change in the Future

The last decade brought an avalanche of changes to the HR industry. The growth of artificial intelligence, the rise of the gig economy, the greater diversity and most recently, a global pandemic that has changed the reality of millions...

Government Moves the Department of Public Enterprises under Finance Ministry

Government Moves the Department of Public Enterprises under Finance Ministry

The Department of Public Enterprises (DPE) will be moved to the Finance Ministry by the government. The announcement comes just hours before a significant government upheaval. The DPE, which was previously under the Ministry of Heavy Industries...

Reliance Industries Looking To Acquire Norway's Solar Module Maker REC

Reliance Industries Looking To Acquire Norway's Solar Module Maker REC

Reliance Industries Ltd (RIL) is looking to buy the Norwegian solar module manufacturer REC Group as part of the oil refiner’s ₹75,000 crore push into clean energy, said two people aware of the development. Chairman and managing...

RBI to Perform a G-SAP Bond Purchase Worth 20,000 crore Today

RBI to Perform a G-SAP Bond Purchase Worth 20,000 crore Today

The Reserve Bank of India (RBI) will purchase government bonds worth 20,000 crore on the open market on Thursday as part of the G-sec Acquisition Programme (G-SAP 2.0). The Reserve Bank of India's governor, Shaktikanta Das, stated earlier this...

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