INDUSTRY NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

Irdai asks health, general insurers to bring standard accident cover from Apr  -   26/02/2021 15:39
I nsurance regulator Irdai has asked general and health insurance providers to provide standard personal accident cover products to their customers. The Insurance Regulatory and Development Authority of India (Irdai) said the insurance market has a wide variety of personal accident insurance products...
Rupee tanks 67 paise to 73.10 against US dollar in early trade  -   26/02/2021 10:54
T he Indian rupee registered a massive fall of 67 paise and slipped below the 73 per US dollar mark in opening trade on Friday tracking weak Asian currencies and heavy selling in the domestic equities. At the interbank forex market, the domestic unit opened at 72.43 against the US dollar, then lost f...
India Ratings Revises outlook for Infrastructure to 'stable' for FY22  -   25/02/2021 18:08
I ndia Ratings and Research (Ind-Ra) on Thursday revised outlook for infrastructure to "stable" for 2021-22 from "negative". The stable outlook factors in the contracted revenue visibility, long-tenor contracts enabling financial flexibility to an extent and improving people traff...
MG Motor India rolls out 50,000th unit of Hector SUV  -   25/02/2021 18:07
M G Motor India on Thursday said it has rolled out the 50,000th unit of Hector SUV with an all-women crew at its Gujarat plant. The company, which has a 33 per cent share of women in its workforce across all business functions, said the milestone unit was produced by women-only teams, involved in pan...
Gadkari urges auto component manufacturers to increase localisation to 100%  -   25/02/2021 12:36
U nion Minister Nitin Gadkari on Thursday asked automobile manufacturers to increase localisation of components to 100 per cent or else the government will consider raising basic customs duty on imports in order to encourage domestic manufacturing of such parts. Speaking at an event organised by th...
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