Business

Bengaluru, April 15 (SocialNews.XYZ) Global software major Infosys on Wednesday said it would buy back shares amounting to Rs 9,200 crore ($1.23 billion) from the open market route. “As part of capital allocation, the board…

New Delhi, April 14 (SocialNews.XYZ) Domestic retail-assets under management (AUM) are facing asset quality headwinds which will moderate growth in FY21, ratings agency ICRA said. These headwinds are also likely to affect NBFCs performance in…

Mumbai, April 14 (SocialNews.XYZ) Automobile major Tata Motors Group on Wednesday reported that its global wholesales in Q4FY21, including that of Jaguar Land Rover rose by 43 per cent on a YoY basis to 330,125…

New Delhi, April 14 (SocialNews.XYZ) The recent spike in Covid-19 cases, along with re-iimposition of fresh restrictions, will adversely impact air passenger traffic in April 2021, ratings agency ICRA said. Post resumption of airport operations…

New Delhi, April 14 (SocialNews.XYZ) The Air India pilots union – ICPA – has threatened industrial action if pay cuts introduced due to the pandemic are not reversed. In a letter to Air India CMD…

New Delhi, April 14 (SocialNews.XYZ) Premium tea company Vahdam India registered a 110 per cent growth in its net revenue for FY 2020-21 at Rs 159 crore. In FY20, the company had reported a net…

New Delhi, April 14 (SocialNews.XYZ) Automobile major Maruti Suzuki India sold over 1.57 lakh factory-fitted S-CNG vehicles in FY21, the company said on Wednesday. The sales figure represents the highest-ever ‘S-CNG’ car sales by the…

New Delhi, April 14 (SocialNews.XYZ) Demand for office space has declined in the wake of the second wave of Covid-19, as leasing volumes plunged by 30-35 per cent in January-March, according to an Anarock report….

New Delhi, April 14 (SocialNews.XYZ) The revenue of shopping malls is foreseen growing by 45-55 per cent this fiscal after an expected 45 per cent decline in fiscal 2021, Crisil Ratings said. Accordingly, the expected…

New Delhi, April 14 (SocialNews.XYZ) Moodys Investors Service has said in a new report that while the quantitative easing (QE) programmes launched by the central banks in the emerging markets are largely positive, the risks…

Mumbai, April 14 (SocialNews.XYZ) Having barely recovered from the one-year pandemic lockdown, the fresh 15-day ‘lockdown-style’ restrictions in Maharashtra could lead to massive economic and business losses, the Mumbai-headquartered All India Association of Industries (AIAI)…

New Delhi, April 14 (SocialNews.XYZ) The government’s faceless tax assessment scheme will switch back to the traditional physical mode, at least for large taxpayers, as the department is not getting adequate responses from assessees on…

New Delhi, April 14 (SocialNews.XYZ) Bharti Airtel on Wednesday announced a new corporate structure with focus on four verticals — Digital, India, International and Infrastructure. The new structure envisages Airtel Digital Ltd folding into listed…

By Rohit Vaid New Delhi, April 14 (SocialNews.XYZ) India’s state-run pension schemes bucked the Covid-19 induced downtrend as the pandemic triggered an upsurge in new enrolments and sustained contributions. Assets Under Management (AUM) of schemes…

New Delhi, April 14 (SocialNews.XYZ) With revival of consumer demand, Wonderchef targets to increase its sales by 30 per cent in the ongoing financial year (2021-22). Wonderchef Co-Founder & MD Ravi Saxena said that in…