RBI’s priority correct, says PNB MD & CEO
The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on adurable basis and mitigate the extraordinary impact of Covid 19, said PNB MD & CEO CH SS Mallikarjuna Rao. The decision of keeping the repo rate unchanged along with maintenance of accommodative stance is onexpected lines as low interest rates are critical to economic revival, he added.
EV EXPO 2021 Kickstarts to an Enthusiastic Response
New Delhi: 11th EV EXPO 2021 dedicated to eco-friendly electric Vehicle technology was inaugurated by Kishan Pal Gurjar, Minister of State for Heavy Industries at Hall No 3, Pragati Maidan. The 3-day event shall showcase the latest and technologically advanced, pollution-free 2, 3 & 4 wheeled e-vehicles, parts and accessories, charging solutions and technology from more than 100 national and international companies.
Kashmir Tourism Dir flags off tour group to Gurez
SRINAGAR: Director, Tourism, Kashmir, Dr. G N Itoo today flagged off a group of travel operators to Gurez for a familiarization visit.
The group of travel operators would visit the Gurez valley to make an on the spot assessment of the tourist potential particularly adventure tourism and identify recreational spots for the visitors. Interacting with the group of travel operators, the Director said the familiarization visit is part of the Department’s effort to identify and explore hidden and unexplored areas of Kashmir. He said already the Department is promoting lesser known destinations so that tourists get varied choices and products.
itel retains No 1 position in smartphone brand of India in Rs 6,000 price band
New Delhi: itel has retained its number 1 position for two consecutive quarters of 2021 in the sub-Rs 6,000 price band in India, according to market research firm Counterpoint. “Our consumers relate with itel as a brand, which aims to enable and empower them with a better life through affordable and innovative range of smartphones,” said Arijeet Talapatra, CEO, TRANSSION India. itel in the first half of 2021 registered phenomenal growth backed by its strong product portfolio and robust presence in tier 2 and below towns in India, added Tarun Pathak, Research Director, Mobile Devices and Ecosystem, Counterpoint Research India.
Future Retail dives 10 pc
New Delhi: Shares of Future Retail Ltd on Friday tumbled almost 10 per cent after the Supreme Court ruled in favour of the US-based e-commerce giant Amazon by holding that the Singapore’s Emergency Arbitrator (EA) award, restraining the Rs 24,731 crore merger deal of FRL with Reliance Retail, was valid and enforceable under Indian laws. Following this, the stock went into a tailspin and tumbled 9.94 per cent to its lower circuit of Rs 52.55 on the BSE.