Thursday, May 13, 2021 | Last Update : 12:49 PM IST

Business

Business

The RBI said individuals who have availed of personal loans, loans for business purposes and small businesses, including those engaged in retail and wholesale trade, other than those classified as MSME, are eligible for the loan recast. — DC file photo

RBI unveils loan recast plan for individuals, business

DC CORRESPONDANT | PTI

Loan recast under Resolution Framework 2.0 can be invoked up to September 30, 2021

Going forward, the food inflation trajectory will critically depend on the temporal and special progress of southwest monsoon in the 2021 season, RBI Governor Shaktikanta Das said. (PTI file photo)

RBI targets 5.2 per cent retail inflation for first half of FY22, repo rate unchanged

DC CORRESPONDANT | PTI

Earlier, the central bank had projected retail inflation at 5.2 per cent for the 2021 March quarter

With a waterfront of 20 km and 6,800 acres of land, Krishnapatnam Port has a master plan capacity of 300 MTPA and a 50-year concession. (Image credit: Twitter/@Adaniports)

Adani Ports acquires residual 25 pc stake in Krishnapatnam Port for Rs 2,800 cr

Sources said that the government's surprise rollback decision on small savings schemes is an attempt by the BJP to contain the fallout of the decision hitting the common man in the ongoing elections in West Bengal, Assam and other states. (Photo: PTI)

Status quo on small savings interest rate

The total revenues earned for the month are 27 per cent higher than the GST collected in the same month last year, according to finance ministry data released on Thursday. (Photo: PIB)

GST mop-up hits record Rs 1.23 lakh crore in March

In a jolt to savers, the Finance Ministry on Wednesday had reduced interest rate by up to 1.1 per cent across various small savings schemes. (LSTV/PTI File Photo)

Government withdraws cut in rate on small savings schemes

Tata Group stocks gained sharply, rising between 2 to 6 per cent after a favourable Supreme Court verdict. (Photo: AFP)

TATA stocks raise after Supreme Court verdict

The central bank chief also said that the RBI is committed to using all policy tools to support the economic recovery while preserving price stability and financial stability. (PTI file photo)

Regulation should not constrain innovation in fintech space: RBI governor

As India's largest private sector port developer and operator, we will accelerate India's and AP's industrialisation, Adani Group Chairman Gautam Adani said in a tweet. (Image credit: Twitter/@Adaniports)

Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr

According to the Centre for Monitoring Indian Economy (CMIE) data, the unemployment rate was recorded at 6.9 per cent in February 2021 which is slightly better than 7.8 per cent in the same month last year and 8.8 per cent in March 2020, during which lockdown was imposed. (Representational image: PTI file photo)

One year since COVID-19 lockdown: India still recovering from unemployment blow

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Stories of hope | Frontline warriors get do-gooders’ aid

The members of the organisation are providing protective gear, masks and nutritious healthy meals to them. — DC Image

What it is like to be inside a Covid-19 ICU ward as a doctor

Inside the blue full body protection kits, doctors, nurses and other support staff go about their tasks methodically. At stake are the lives of infected patients who, along with their families, have placed their faith in god the almighty and the hospital staff. (Representational Image/AFP)

INSIDE THE WAR ROOM: Stressed doctors, nurses and other Covid Warriors

A health worker inspects COVID-19 patients undergoing treatment at Shehnai Banquet Hall, converted into an isolation centre amid surge in coronavirus cases, near LNJP Hospital in New Delhi. (PTI)

Berlinale: A teacher, a porn clip and the hypocrisy of a nation

Radu Jude’s film - Bad Luck Banging or Loony Porn

The new-age Indian woman is a wonderful mix of being bold and yet rooted in reality

Ami Sata, Founder, Amouve

Berlinale: Sharlto Copley's bravura act as Unabomber makes 'Ted K' stand out

The South African actor, known for his performance as Wikus van der Merwe in the 2009 science fiction film 'District 9', carries 'Ted K' with a meticulously studied but intense act that is as discomforting as it is impressive.

Rats, mice, rabbits, hamsters and monkeys - The true heroes in Covid-19 battle

While the rats, mice, rabbits and Syrian hamsters were lab-bred, the rhesus macaques that were used in testing Covaxin candidates were caught in the wild in Maharashtra. (Representational Image/AFP)

Two Hyderabad doctors work on genomic medicine

Dr Hima Challa and Dr Kalyan Uppuluri (By arrangement)

NTR, unlike Chiranjeevi, never took people for granted: Biographer

An objective assessment of the late leader, the book has been well-received for its critical insight and diligent research.

Hyderabad's city lights killing astronomy, enthusiasts, scientists complain

Light pollution is a menace in the city of Hyderabad which is killing the joy of looking up to the night sky, astronomy enthusiasts and scientists have complained. (Representational Image/PTI)

Gallery

A Kashmiri boatman rows his boat through a closed floating market on the Dal Lake during lockdown to stop the spread of the coronavirus in Srinagar, Indian controlled Kashmir. Indian-controlled Kashmir's economy is yet to recover from a colossal loss a year after New Delhi scrapped the disputed region's autonomous status and divided it into two federally governed territories. (Photo: AP)

Jammu & Kashmir’s economy struggles amid lockdowns

Jammu & Kashmir’s economy struggles amid lockdowns

More Galleries

A Kashmiri boatman rows his boat through a closed floating market on the Dal Lake during lockdown to stop the spread of the coronavirus in Srinagar, Indian controlled Kashmir. Indian-controlled Kashmir's economy is yet to recover from a colossal loss a year after New Delhi scrapped the disputed region's autonomous status and divided it into two federally governed territories. (Photo: AP)

Jammu & Kashmir’s economy struggles amid lockdowns

A worker sanitises the fountain in the atrium of the Phoenix Market City, Kurla in Mumbai ahead of the August 5 reopening. (DC Photo: Rajesh Jadhav)

Mumbai malls to reopen but the experience will be very different

Revolt Motors has finally unveiled its maiden electric bike, the RV 400. In fact, when the deliveries begin next month, it will become the first electric motorcycle to go on sale in India. There’s no word on the price yet, but we expect it to cost around Rs 1 lakh (on-road). At this price, the RV 400 would be one heck of a deal considering that it is loaded with features. Here’s a closer look at the electric motorcycle in detailed images. (Source: BikeDekho.com)

Photos: Revolt RV 400 electric bike

There are many sports bikes currently on sale from various manufacturers starting from 1 Lakh. The most popular products under this bracket are the Suzuki Hayabusa, Kawasaki Ninja H2 SX, MV Agusta Brutale and Ducati Panigale V4. To know more about the latest prices of sports bikes in your city, offers, variants, specifications, pictures, mileage, reviews and other details from the list below. (Source: Bike Dekho.com)

7 expensive sports bikes in India

Autos

BMW losses almost $800 million as sales slide during lockdowns. (AFP Photo)

BMW records first loss since 2009 as pandemic hits sales

Automobile registrations in May down 89 percent due to COVID-19 lockdown. (ANI Photo)

Vehicle registrations down 89% in May: FADA

Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after pandemic hits earnings. (AFP Photo)

Tata Motors to shed 1,100 jobs at Jaguar Land Rover

Bajaj Auto's Aurangabad plant restarts operations TVS Motor cuts staff salaries by up to 20% as sales plummet TVS brings Jupiter ZX Disc scooter at Rs 69,052

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Companies

SAIL ferro alloy plant in Chandrapur (Image credit: www.sail.co.in)

SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur

Indigo flight (Image source: PTI)

IndiGo to start flights between Kurnool and three cities from March 28

In this 2012 file photo, a visitor walks into a Vodafone store in Bangalore. British telecom giant Vodafone Group plc on Sept. 25, 2020 won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation. (PTI)

India loses case on Vodafone retro tax

Twitter is also considering allowing users to join communities devoted to topics via a feature seemingly similar to Facebook's "groups." (AP/Matt Rourke, File)

Twitter considers charging users for special content, in revenue push

Rao, in a statement said AWS is investing to set up an AWS Region with three Availability Zones (AZs) in the state.

Amazon Web Services to set up data centre region in Hyderabad, invest Rs 20,761cr

The Apache site is behind Jawaharlal Nehru Technological University (JNTU) College of Engineering. — DC Image

Apache to build a Rs. 70-crore leather industry in Pulivendula

About 90% of Sinovac Biotech Ltd employees and their families have taken an experimental coronavirus vaccine. (AFP Photo)

90% of Sinovac employees took COVID vaccine: CEO

The case for the southern states as the top performers has also become stronger as four of them occupy the top-five spots within the major states.

Karnataka tops in Niti Aayog's second Innovation Index again

Economy

Forbearance represents emergency medicine that should be discontinued at the first opportunity when the economy exhibits recovery, the survey stated. (Representational Photo:DC)

Economic Survey 2021 calls for fresh asset quality review

Representional Image

Happy Centre allows Andhra Pradesh, Uttar Pradesh to borrow Rs 7,106 crore

Representational Image (AFP)

Pandemic will force 18 million Indians to find a new occupation by 2030: Report

Only the farmer bats for India as eight core sectors shrink 9.6% Nearly 12 million jobs added in January Mid sized banks report higher Q2 net profit as asset quality improves

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Market

Stating that all the players in the steel industry have their own iron ore mines, and do not have to face any hikes in labour or power rates, he wondered how the steel industry has been hiking prices. (Photo:PTI)

Big steel, cement firms operating as a cartel; need to place regulator: Gadkari

A section of the investor community believes that depositories and regulators disclosing such investment break-up will help retail investors take more informed decisions. (Representational Image: PTI)

15 Chinese biggies among portfolio investors

Hinduja Global Solutions CEO Partha De Sarkar addressing a press conference about the company's business initiatives and growth strategy in Bengaluru. (PTI Photo)

HGS Q1 profit at Rs 49.2 crore, expects strong growth despite COVID challenges

Sebi imposes Rs 10 lakh fine on Bank of Baroda. (PTI Photo)

Mutual fund norms violation: Sebi imposes Rs 10 lakh fine on Bank of Baroda

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts. (AFP Photo)

Oil prices cautiously rise on output cut support

One of the stocks to soar on Thursday was the multiplex company Inox Leisure. (Photo: Facebook/Inox)

Laggard sectors entertainment, hospitality show signs of life in the stock markets

Volumes declined 4 per cent, but were compensated by prices that grew by 4.6 per cent and new launches which grew by 3.8 per cent. (Representational Image)

Pharma market reports growth in September

The Bombay Stock Exchange. (PTI)

13 lakh new retail investors added in stock market in past one month

In Other News

A worker wearing PPE kit sprays disinfectant inside a shopping mall after authorities eased restrictions during Unlock 4.0, in Chennai. — PTI photo

COVID-19 effect: Shopping malls coming up at snail’s pace across India

The top 5 sectors in which the scheme is invested in are IT, consumer discretionary, health care, financials, and industrials. — Representational image

SBI MF’s international fund to tap top S&P 500 firms

Insurers have paid out Rs 1400 crore since the pandemic began.

So you thought corona was good for insurance companies?

Centre to delink land held by 17 sick PSUs Nationwide bank strike continues to impact PSB services on Day 2 Silver exports double despite overall slump

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