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Business Economy


India’s industrial output grew 3.4 pc MoM in April

New Delhi, Jun 12 (UNI) India’s industrial output grew 3.4 per cent month-on-month in April, according to the Index of Industrial Production data released by the government on Wednesday.
The Quick Estimates of IIP for the April 2019 was 3.4 per cent higher as compared to the level in the month of April 2018. The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stood at 3.6 per cent.
Industrial Production for the Mining, Manufacturing and Electricity sectors for April 2019 registered growth rates of 5.1 per cent, 2.8 per cent and 6.0 per cent respectively as compared to the same month last year.
Mining, Electricity and Diesel were High Positive Contributors to the growth.
In terms of industries, 14 out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of April 2019 as compared to the corresponding month of the previous year.
The industry group ‘Manufacture of wearing apparel’ has shown the highest positive growth of 33.6 per cent followed by 22.6 per cent in ‘Manufacture of wood and products of wood and cork.
As per Use-based classification, the growth rates in April 2019 over April 2018 are 5.2 per cent in Primary goods, 2.5 per cent in Capital goods, 1.0 per cent in Intermediate goods and 1.7 per cent in Infrastructure/ Construction Goods .
The Consumer durables and Consumer non-durables have recorded growth of 2.4 per cent and 5.2 per cent respectively, said the Ministry of Statistics & Programme Implementation.
UNI RSA ADG 1856
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CBDT, SEBI sign MoU for data exchange

08 Jul 2020 | 11:04 PM

New Delhi, Jul 8 (UNI) A formal Memorandum of Understanding (MoU) was signed on Wednesday between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organisations.

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Bharti AXA Life unveils Health and Life Secure with triple benefits amid COVID-19

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08 Jul 2020 | 10:37 PM

New Delhi, Jul 8 (UNI) Leading private insurer Bharti AXA Life Insurance on Wednesday announced the launch of its first-of-its-kind Health and Life Secure, an inclusive protection solution with triple benefits of life cover, hospitalization and critical illness amid COVID19.

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Yatra com partners with Zaggle to offer integrated expense management solutions

08 Jul 2020 | 8:54 PM

Mumbai Jul 8 (UNI) Yatra Online Private Limited, India’s leading online corporate travel platform partnered with Zaggle, a leading FinTech start-up to deliver streamlined, integrated expense automation solutions for corporates and SMEs in India.

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Tech Mahindra to launch Blockchain-based Contracts and Digital Rights Management platform

08 Jul 2020 | 8:53 PM

Mumbai, Jul 8 (UNI) IT major Tech Mahindra on Wednesday announced the launch of a new digital platform, branded as ‘Blockchain based Contracts and Rights Management System’ (bCRMS) for the global media and entertainment industry.

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NMDC’s excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

NMDC’s excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

08 Jul 2020 | 7:40 PM

Hyderabad, Jul 20 (UNI) Bailadila Projects of NMDC at Chattisgarh, the country's largest Navratna mining company, recorded a sharp rise in sales and production in June 2020 as compared to June 2019, despite the lockdown that had been imposed due to the current COVID-19 scenario and was also closed due to various factors for seven days last month.

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