Include electric vehicles in RBI’s priority sector lending guidelines: Niti Aayog report

NEW DELHI: Including electric vehicles in the Reserve Bank of India’s (RBI) priority sector lending (PSL) guidelines can complement the $300 million facility and encourage the financial sector to mobilise necessary capital, a Niti Aayog report has recommended. “Inclusion for retail lending to EVs has the potential to increase investor confidence by providing a market … Read more

google: Google asks judge to dismiss most of Texas antitrust lawsuit

WASHINGTON: Alphabet Inc’s Google asked a judge on Friday to dismiss the majority of an antitrust lawsuit filed by Texas and other states that accused the search giant of abusing its dominance of the online advertising market. Google said in its court filing that the states failed to show that it illegally worked with Facebook, … Read more

Govt taking significant steps to boost startup ecosystem: Piyush Goyal

NEW DELHI: The government is taking significant steps such as resolving the angel tax issue, simplification of tax procedures, and self-certification, in a bid to boost the startup ecosystem of the country, commerce and industry minister Piyush Goyal said on Friday. He also said that huge opportunities are there for startups in tier 2 and … Read more

Security concern: Implement one hand bag rule ‘meticulously’, CISF tells aviation authorities

NEW DELHI: Airlines could now strictly implement the one hand bag per passenger rule. The Central Industrial Security Force (CISF) has red-flagged air travellers carrying more than 2-3 cabin bags and asked the aviation authorities to strictly implement the one hand bag rule. Bureau of Civil Aviation Security (BCAS) rules stipulate that no passenger carry … Read more

Hindustan Unilever surges over 2% on strong December quarter numbers

NEW DELHI: Shares of Hindustan Unilever Ltd defied the muted broader market trend and surged over 2 per cent in morning trade on Friday after the FMCG major reported strong December quarter earnings. On the BSE, the stock opened at Rs 2,282.00, then jumped 2.42 per cent and touched an early high of Rs 2,316.40 … Read more

Twitter debuts hexagon-shaped NFT profile pictures

PALO ALTO: Twitter Inc on Thursday announced the launch of a tool through which users can showcase non-fungible tokens (NFTs)as their profile pictures, tapping into a digital collectibles craze that has exploded over the past year. The feature, available on iOS to users of the company’s Twitter Blue subscription service, connects their Twitter accounts to … Read more

fluence: ReNew Power, Fluence in JV for energy storage

NEW DELHI: The Nasdaqlisted ReNew Power and Fluence, one of the largest players in the battery storage business, on Thursday announced setting up a 50:50 joint venture to boost energy storage in the country. “The JV’s first customer will be ReNew for 150MWh BESS at its 300MW Peak Power Project site with SECI,” the companies … Read more

csr: CII proposes higher CSR levy to fund booster doses

NEW DELHI: Industry body CII has proposed an increase in the corporate social responsibility (CSR) levy by one percentage point from the current 2% to provide booster doses of Covid vaccine. While proposing an increase ahead of the Budget, the lobby group argued that two-thirds of the revised levy could be earmarked for the purpose. … Read more

frl: Amazon seeks to block sale of Future’s small-format stores

NEW DELHI: Amazon has written to Big Bazaar parent Future Retail (FRL) in an effort to block the probable sale of the latter’s small-format chain of stores that operate under the Easyday and Heritage Fresh brands. In addition, the US e-tailer has offered financial help to the cash-strapped retailer. The development comes against the backdrop … Read more

Insurers Seek More Tax Sops To Up Coverage | India Business News

HYDERABAD: Insurers are rooting for income tax sops for individuals in the upcoming Budget to boost insurance penetration in the country. The move comes at a time when awareness about having an insurance cover for protection from uncertainties such as the pandemic has hit a high. Future Generali India Insurance MD & CEO Anup Rau … Read more