Pallavi Nahata

2 weeks ago | ndtvprofit.com | Pallavi Nahata

The index of eight core industries grew 0.5% in April, compared to 4.6% in March, according to data released by the Ministry of Commerce & Industry on Tuesday. The slump came amid the unprecedented tariffs announced by US President Donald Trump on April 2 on all trading partners. The tariffs, which triggered a wave of uncertainty in exporting countries, were paused for 90 days a week later. Five of India's eight core sectors witnessed expansions in April.

2 weeks ago | ndtvprofit.com | Pallavi Nahata

Small-ticket systematic investment plans are of to an encouraging start, according to industry experts. Over 100,000 lakh Jan Nivesh SIPs have been registered in the span of the past two months or so, said DP Singh, deputy managing director and joint chief executive officer at SBI Mutual Fund. In what is an encouraging trend, most of these accounts are from beyond the top 30 cities and almost 60-70% of them are do-it-yourself accounts opened online, Singh said.

2 weeks ago | ndtvprofit.com | Pallavi Nahata

The Cellular Operators Association of India on Sunday accused the Mumbai Metro of creating a monopoly on providing connectivity exclusively through a third party vendor and trying to extract monopolistic and extortionate rents for providing the mobile network. Telecom Service Providers are always willing to provide connectivity through In-Building Solutions, the association added.

2 weeks ago | ndtvprofit.com | Pallavi Nahata

Adani Defence & Aerospace, the defence arm of Adani Enterprises, has partnered with Sparton- a group company of Elbit Systems, for a strategic collaboration to assemble Anti-Submarine Warfare solutions for the Indian Navy, according a press release on Sunday. The partnership will localize assemblage of sonobuoys and other Anti-Submarine Warfare systems in India under the Aatmanirbhar Bharat initiative.

3 weeks ago | ndtvprofit.com | Pallavi Nahata

Economists peg the Reserve Bank of India's surplus transfer at a fresh record high, led by the central bank's earnings on foreign exchange transactions. On Thursday, the RBI Central Board reviewed the Economic Capital Framework, according to an official notification. The meet comes ahead of deciding and approving the surplus transfer to the government, expected to range between Rs 2.5 lakh crore to Rs 3.5 lakh crore. This is compared to a previous record high of Rs 2.1 lakh crore last year.