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Budget To Offer More Fiscal Support To Economy Amid Uncertainty From Third Wave: Report

Budget To Offer More Fiscal Support To Economy Amid Uncertainty From Third Wave: Report

14 January, 2022 Press Trust of India

Budget 2021 had pegged the fiscal deficit at 6.8 per cent or Rs 12.05 lakh crore for FY22, down from 9.5 per cent in FY21 when also it had borrowed Rs 12 lakh crore but in percentage terms, it soared given the massive 7.3 per cent contraction of the economy in the year.

Hero MotoCorp To Invest Rs 420 Crore In Ather Energy

Hero MotoCorp To Invest Rs 420 Crore In Ather Energy

14 January, 2022 Press Trust of India

The company's board has approved the investment in one or more tranches. Prior to the proposed investment, the company's shareholding in Ather Energy stood at 34.8 per cent.


India's Forex Reserves Down By $878 Million To Stand At $632.736 Billion

In the previous week ended December 31, the reserves had dropped by $1.466 billion to $633.614 billion.

Bank Credit Grows 9.16%, Deposits Up 10.28% For Fortnight Ended December 31

Bank Credit Grows 9.16%, Deposits Up 10.28% For Fortnight Ended December 31

14 January, 2022 Press Trust of India

For the fortnight ended January 1, 2021, bank credit stood at Rs 107.02 lakh crore and deposits at Rs 147.26 lakh crore.


HCL Technologies Reports Decline Of 13.6% Net Profit In Q3 Earnings

Its revenue grew 15.7 per cent to Rs 22,331 crore in the quarter under review. In the year-ago period, the same stood at Rs 19,302 crore.

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14 January, 2022

Vedanta To Invest In Saudi Arabia's Mineral Sector

Press Trust of India

The company is already in discussions with stakeholders in Saudi Arabia, which is aiming to become a mineral hub in the Middle East.


14 January, 2022

MEIL Bags 15 City Gas Distribution Projects In 9 States

Press Trust of India

The states where the projects are to be executed are Karnataka, Madhya Pradesh, Rajasthan, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana and Uttar Pradesh.


14 January, 2022

HCL Technologies Reports Profit Of Rs 3,442 Crore In Q3, Declares Dividend Of Rs 10

Abhishek Vasudev

HCL Technologies revenue in dollar terms came in at $2,977 million, up 6.7 per cent sequentially. In constant currency terms, revenue registered a growth of 15 per cent.


14 January, 2022

India-China Trade Grows To Record $125 Billion In 2021 Amid Tension

Press Trust of India

The total trade between China and India in 2021 stood at $125.66 billion, up 43.3 per cent from 2020.


14 January, 2022

Mindtree Shares Fall 4.17% After Q3 Earnings

Press Trust of India

Mindtree on Thursday posted a 34 per cent jump in consolidated net profit to Rs 437.5 crore for the December 2021 quarter.


14 January, 2022

Rupee Slips 25 Paise To 74.15 Per US Dollar

Press Trust of India

At the interbank foreign exchange market, the local currency witnessed an intra-day high of 74.05 and a low of 74.21 against the US dollar.


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14 January, 2022

CAIT Approaches CCI, Files Petition To Block Amazon's Deal To Acquire Cloudtail

Press Trust of India

The petition provides evidence to show Cloudtail charges fewer fees/ commission and is a preferential seller on the platform, and with its 100 per cent acquisition, Amazon will cause an adverse effect on the market.


14 January, 2022

Passenger Vehicle Wholesales Slip 13% In December Amid Chip Shortage

Press Trust of India

Passenger vehicle dispatches last month stood at 2,19,421 units compared to 2,52,998 units in December 2020.


14 January, 2022

Exports Rise 38.91% To $37.81 Billion In December: Data

Press Trust of India

Merchandise exports in December 2021 were $37.81 billion, as compared to $27.22 billion in December 2020, exhibiting a positive growth of 38.91 per cent.


14 January, 2022

HCL Tech Acquires Hungary's Starschema for $42.5 Million

Press Trust of India

The strategic acquisition will bolster HCL Technologies' capability in digital engineering -- driven by data engineering -- and increase its presence in Central and Eastern Europe.


14 January, 2022

World Economic Forum To Host Davos Agenda Summit Online Next Week

Press Trust of India

The WEF said 'Davos Agenda 2022' will be the first global platform for key world leaders to share their visions for 2022 and it is being convened on the theme of 'The State of the World'.


14 January, 2022

Adani Wilmar Ltd Slashes IPO Size To Rs 3,600 Crore From Rs 4,500 Crore

Press Trust of India

The company, which sells cooking oils under the Fortune brand, is expected to float its initial public offering (IPO) this month.


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14 January, 2022

North Korean Hackers Stole $400 Million in Crypto in 2021, Says Report; Dogecoin Rises

Outlook Money Team

The latest Chainalysis report says North Korean hackers stole crypto assets worth $400 million last year in at least seven attacks. Meanwhile, the price of Bitcoin was down 2.71 per cent, while Dogecoin was up 12.88 per cent in the last 24 hours.


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Short Story

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Play Us A Memory, Violin Man

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Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.

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The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.

Jan 15, 2022 Saikat Majumdar

Super Immunity, Natural Vaccines, Covid Gods: A Desi Guide To Denying The Pandemic

Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.

Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.

Jan 01, 2022 Saikat Majumdar

Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz
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