‘Videocon can earn ₹6,000-cr. revenue’

Dhoot urges nod for promoters’ plan Videocon Industries can garner at least ₹6,000 crore in revenue in the first year after recommencing operations if the promoters’ proposal to repay about ₹30,000 crore to regain control of the firm is accepted by the lenders, said Pradeep Dhoot, former director of the debt-laden firm.. “Before going to the NCLT in October 2017, […]

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‘Import ban on ACs won’t impact major players’

‘It will help boost exports, create jobs’ The government’s move to ban import of air conditioners with refrigerants is unlikely to impact major players, who mostly import components, industry players said. On the other hand, it would help create jobs and increase exports, they added. The move is consistent with the government’s twin objective of making India fully self-reliant in […]

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Passenger vehicle wholesale sales increased during last month, says SIAM

Manufacturers expect good demand during the festive season that kicks off from Friday. Passenger vehicle dispatches to the dealers recorded strong double digit growth of 26.45% in September with manufacturers anticipating good demand during the festive season that kicks off from Friday. Also read: July sales hint at auto sector revival Passenger vehicle wholesale sales increased to over 2.72 lakh […]

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GrowGeneration Enters Arizona With Hydroponics Depot Acquisition

GrowGeneration Corp., a Colorado-based chain of specialty hydroponic and organic garden centers, said it has acquired Hydroponics Depot, Phoenix’s largest indoor and outdoor garden center. The acquisition of Hydroponics Depot marks GrowGeneration’s entry into Arizona’s medical cannabis market. GrowGeneration noted that with the addition of Hydroponics Depot, its portfolio of hydroponic garden centers now includes 29 stores in 11 states. […]

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Ask Us, on investments — October 12, 2020

The government issued a Notification dated June 24, 2020 granting relief to assessees by extending the due dates for filing ITR for AY20-21 Q. I am a senior citizen. I am planning to buy a senior citizen scheme jointly with my wife to the tune of ₹15 Lakh for the FY21 and ₹6 lakh in FY 22, respectively. Am I […]

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Passenger vehicle retail sales grow for the first time since March

Total vehicle retail sales continue to be on the decline. Total vehicle retail sales in the country continued to decline year-on-year in September 2020, even as passenger vehicle registrations turned positive for the first time since March growing at 9.81% during the month, as per data from the Federation of Automobile Dealers Associations. Total vehicle registrations fell to 13.44 lakh […]

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Apurva Chandra takes over as Labour Secretary

Mr. Chandra has spent more than seven years in the Ministry of Petroleum & Natural Gas. Senior IAS officer Apurva Chandra on Thursday assumed charge as Labour Secretary. “Apurva Chandra who belongs to the 1988 batch of the Indian Administrative Service (IAS), Maharashtra Cadre assumed charge as new Secretary, Ministry of Labour & Employment here today,” a labour ministry statement […]

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Jio flags spectrum auction delay

Spectrum worth ₹3.92 lakh cr. lying unused, telco tells DoT Questioning the ‘inexplicable delay’ in holding spectrum auctions, Reliance Jio has written to the Department of Telecom stating that the spectrum scarcity situation was not only impacting the quality of services and investors’ confidence but also causing huge revenue loss to the exchequer. “We are unable to find any reasonable […]

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