Business

Average pay hike likely to be at 8-12% in 2022: Report - Times of India

Average pay hike likely to be at 8-12% in 2022: Report – Times of India

[ad_1] MUMBAI: India Inc is likely to give an average hike of 9 per cent salary hike this year due to a more positive investment outlook, especially in manufacturing and infrastructure development, according to a report. The common salary enhancement in 2022 is going to be 9 per cent against 7 per cent in the …

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Japan’s Mitsui to acquire 49% stake in ReNew’s RTC project - Times of India

Japan’s Mitsui to acquire 49% stake in ReNew’s RTC project – Times of India

[ad_1] NEW DELHI: Japanese trading and investment giant Mitsui has agreed to acquire a 49% stake in the country’s first round-the-clock renewable energy project being developed by ReNew Power, the company said on Wednesday without disclosing the deal size. “Our partnership with a leading and respected conglomerate like Mitsui shows the significant and fast-rising global …

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IMF report lauds India's 'Ann Yojna' for averting extreme poverty during pandemic - Times of India

Ann Yojna: IMF paper lauds India’s ‘Ann Yojna’ for averting extreme poverty | India Business News – Times of India

[ad_1] NEW DELHI: India has averted the rise in extreme poverty through the food security scheme, Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), according to the International Monetary Fund report. A new IMF paper found that extreme poverty (less than PPP USD 1.9 per person per day) in India is less than 1 per cent …

Ann Yojna: IMF paper lauds India’s ‘Ann Yojna’ for averting extreme poverty | India Business News – Times of India Read More »

Govt unlikely to reduce its stake in LIC for at least 2 years after IPO - Times of India

Govt unlikely to reduce its stake in LIC for at least 2 years after IPO – Times of India

[ad_1] NEW DELHI: The government, which targets to raise around Rs 60,000 crore by diluting its 5 per cent stake in Life Insurance Corporation (LIC) of India through an IPO, is unlikely to further reduce its stake in the insurer for at least the next two years. Answering questions from prospective investors during roadshows top …

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Ruchi Soya shares slump nearly 19%; recovers partially in afternoon trade - Times of India

Ruchi Soya share: Ruchi Soya shares slump nearly 19%; recovers partially in afternoon trade | Business – Times of India

[ad_1] NEW DELHI: Shares of Ruchi Soya Industries took a severe beating on the bourses on Wednesday as it plummeted nearly 19 per cent in early deals and was slowly recovering the lost ground as trading progressed during the day. The fall came a day after the company announced allotment of shares under the Rs …

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IMF report lauds India's 'Ann Yojna' for averting extreme poverty during pandemic - Times of India

IMF report lauds India’s ‘Ann Yojna’ for averting extreme poverty during pandemic – Times of India

[ad_1] NEW DELHI: India has averted the rise in extreme poverty through the food security scheme, Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), according to the International Monetary Fund report. A new IMF paper found that extreme poverty (less than PPP USD 1.9 per person per day) in India is less than 1 per cent …

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Petrol, diesel prices hiked again; total increase stands at Rs 10 - Times of India

Petrol, diesel prices hiked again; total increase stands at Rs 10 – Times of India

[ad_1] NEW DELHI: Petrol and diesel prices were hiked by 80 paise a litre each on Wednesday. In all, petrol and diesel prices have gone up by Rs 10 per litre each. Petrol in Delhi will now cost Rs 105.41 per litre as against Rs 104.61 earlier. Diesel rates have gone up from Rs 95.87 …

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Reserve Bank of India to wait at least until August to raise repo rate - Times of India

Reserve Bank of India to wait at least until August to raise repo rate – Times of India

[ad_1] BENGALURU: The Reserve Bank of India will delay its first interest rate rise by at least four months to August at the earliest, according to a Reuters poll of economists who said the central bank must now start worrying about inflation. Inflation has held above the RBI’s 6% upper threshold so far this year, …

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HDFC merger synergies to beat challenges: Analysts - Times of India

HDFC merger synergies to beat challenges: Analysts – Times of India

[ad_1] MUMBAI: A day after the merger announcement, shares of HDFC and HDFC Bank corrected by 2% and 3% respectively after surging over 9% on Monday. Analysts were, however, positive about the transaction and see the synergies overcome potential challenges. The biggest fear of analysts is whether the regulator will ask for a holding company …

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Not activating countercyclical capital buffer: RBI - Times of India

Not activating countercyclical capital buffer: RBI – Times of India

[ad_1] MUMBAI: The Reserve Bank on Tuesday said it has decided not to activate the countercyclical capital buffer at this point in time as it is not required. The framework on the countercyclical capital buffer (CCyB) was put in place by the Reserve Bank in terms of guidelines in February 2015 wherein, it was advised …

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