Hindustan Unilever Ltd (HUL) announced plans to set up a new subsidiary in India, perhaps the first large company to take advantage of the lower c ...
TVS Motor said it might witness a 10% drop in its production for February due to the impact of the coronavirus (Covid-19) outbreak in China.There is a ...
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The Tata Group has told the government that its share in the adjusted gross revenue (AGR) dues is Rs 2,197 crore only, which it has already paid, and ...
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The Department of Telecommunications (DoT) is likely to issue a notice to Tata Teleservices demanding payment of balance adjusted gross revenue ...
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Vodafone Idea will not be able to cash out of the Bharti Infratel-Indus Towers merged entity early enough to generate money to help pay off a bigger p ...
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Bankers are awaiting clarity on exemption on maintenance of cash reserve ratio (CRR) amid confusion over how the incentive for lenders will be calcula ...
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The European Union (EU) initiated dispute proceedings last year alleging India levied excess tariffs than what it had committed to in its tariff sched ...
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Indian Bank has decided to load more of Rs 200 notes and stop loading and dispensation of Rs 2,000 notes in its ATMs as a customer friendly move." Aft ...
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The Reserve Bank of India (RBI) may offer a breather to Bandhan Bank to dilute its promoter holding after allowing another private lender Kotak Mahind ...
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The government is going to seek a relaxation in rules for classification of bank loans to a certain set of companies as a “sub-standard” asset. T ...
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PhonePe ATM, a new service that lets consumers withdraw cash from its offline merchants via the Unified Payments Interface (UPI), has angered rivals w ...
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After Amazon, Walmart's Flipkart has filed a petition challenging the anti-trust probe ordered by Competition Commission of India (CCI). Flipkart argu ...
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In a bid to reform norms for transfer and merger of telecom licences, TRAI on 21.02.20 suggested that while both subscriber base and revenue are consi ...
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The vehicle scrappage policy in India can help create an industry of its own with a business opportunity of Rs 43,000 crore.The government expects rec ...
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The government is considering the possibility of setting up a stress fund for the telecom sector that could lend to companies such as Vodafone Idea to ...
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Dealership has a pile up of Bharat Stage-IV emission norms compliant vehicles which cannot be sold or registered in the country from April, even after ...
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Flipkart will launch its wholesale business in the upcoming quarter. Flipkart has over the last few months increased its supply chain capabilities and ...
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To estimate poverty, a nation-wide survey has been launched to capture household accessibility to amenities including nutrition, drinking water, housi ...
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In perhaps the first step towards invoking bank guarantees of defaulting mobile companies over the adjusted gross revenue (AGR) matter, the department ...
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Salaried people can choose either of the two income tax regimes at the time of filing their returns irrespective of the choice they have given to the ...
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The government had introduced e-governance for conduct of assessment proceedings electronically from the AY 2017-18.
The HC has said this was a lau ...
The statutory dues of telecom operators fixed at Rs 1.64 lakh crore is set to rise sharply as Department of Telecommunications (DoT) is now in the pro ...
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Hero MotoCorp announced its plans to make the biggest investment by a two-wheeler company in India. In the next 5-7 years Hero will spend Rs 10,0 ...
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Public Sector Banks propped up funding for Non-Banking Financial Companies (NBFCs), providing 90% of the cash flow to the sector in the Oct-Dec Quarte ...
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After order of the Supreme Court on AGR (adjusted gross revenue) matter, stressed telecom companies Vodafone Idea and Airtel have made a demand to giv ...
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President Donald Trump said the United States and India were working on a major trade deal, but he was not sure if it would be completed before the US ...
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The income tax (I-T) department has taken Walmart-owned Flipkart to high court over its Rs 110-crore demand. The case relates to the treatment of disc ...
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The corporate sector’s wishlist to deal with supply disruption caused by the coronavirus go beyond customs duty cuts and include a reduction in the 14 ...
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The government is unlikely to invoke Vodafone Idea’s bank guarantees for now, even as the officials of the telecom and finance ministries met Cabinet ...
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Prices of televisions, air-conditioners, refrigerators and some smartphone models are set to go up later this month as manufacturers grapple with a sh ...
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The government will set up a Renewable Energy Promotion and Facilitation Board to help minimise risks for developers in the sector that has seen a wan ...
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The government is considering easing rules governing commercial coal auctions, including faster exit and simultaneous issue of prospecting and mining ...
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The finance ministry’s decision to treat highway projects as a single entity that cannot be divided into small packages could impact award of about 1, ...
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The National Company Law Appellate Tribunal (NCLAT) has referred the ongoing dispute between General Electric (GE) and Triveni Turbines over their joi ...
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The Securities and Exchange Board of India (Sebi) has proposed to revise the investment advisers regulations that will change the way mutual fund sche ...
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Reliance Industries (RIL) on Monday announced consolidation of all its media and distribution businesses under one umbrella brand ‘Network18’. Under t ...
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The Supreme Court on 17th feb 2020 refused to hear a plea by cash-strapped Vodafone Idea seeking more time to pay off adjusted gross revenue (AGR) due ...
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A two-member bench headed by Chairman Justice S J Mukhopadhaya of National Company Law Appellate Tribunal (NCLAT) has allowed JSW Steel to acquire Bhu ...
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Finance minister Nirmala Sitharaman said on Monday she would wait to hear the telecom ministry’s stance on the arrears from telecom operators, before ...
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The fifteenth Finance Commission has set up a high-level expert group to recommend measurable performance incentives for states to encourage agricultu ...
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Telecom companies swamped by adjusted gross revenue (AGR) dues are set for another hammering.
The tax authorities have started sending out notices ...
Since a decade, several Indians became NRI to generate fake overseas income such as trading profits, consultancy fee, and fat salaries to legitimize u ...
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The Institute of Chartered Accountants of India (ICAI) is seeking amendments to the Chartered Accountants Act to allow it to punish audit firms for ma ...
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Net metering allows developers to sell electricity to the grid and deduct its value from their bill for the power drawn from the distribution company. ...
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Coal India’s daily output is expected to rise to three million tonnes (MT) next month, enough to run a 660-MW power plant for a year as the state-run ...
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The coronavirus epidemic has begun to impact hiring as travel restrictions slow down or halt the process of interviews. With industries such as hospit ...
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State-owned Oil India is likely to move the TDSAT this week against the telecom department seeking about Rs 48,500 crore in past dues on the surplus b ...
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India’s exports fell 1.7% in January, the sixth straight monthly decline, while imports dropped for the 10th month in a row, pushing up trade deficit ...
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The Karnataka high court on 14th Feb granted an interim stay into a probe ordered by the Competition Commission of India (CCI) against the e-tailers’ ...
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The Department of Telecommunications (DoT), which faced the rage of the Supreme Court for putting on hold recovery of dues from telecom companies, sta ...
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The Indian automobile market may be in a prolonged slump but that’s not stopping companies from investing in new products as factories run at less tha ...
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Successful resolutions of corporate insolvency proceedings till the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, ave ...
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State Bank of India Chairman Rajnish Kumar on Friday said the bank was prepared for the worst following the Supreme Court order asking telecom compani ...
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The directors & officers’ (D&Os’) insurance policy, which compensates key management personnel of a company against legal actions, is seeing a ...
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Trai chairman R S Sharma said that he is not satisfied with the quality of services that is currently offered by mobile operators and he will be calli ...
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UK Prime Minister Boris Johnson has appointed Indian-origin Rishi Sunak as his new finance minister. He replaced Sajid Javid who resigned from the pos ...
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Fourteen entities including foreign banks, private equity funds and other local non-bank lenders have begun talks with the administrator of bankrupt m ...
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In order to bridge the inequality gap and uplifting more people out of poverty, technical committee headed by NITI Aayog vice chairman Rajiv Kumar is ...
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The Central Board of Direct Taxes (CBDT) said only 2,200 persons disclosed annual income of more than Rs 1 crore from their professional work in FY19. ...
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Amazon India told the Karnataka high court on Wednesday that there is no “prima facie” evidence on the basis of which the Competition Commission of In ...
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Several automakers have arrangements with car aggregators such as Ola and Uber to sell vehicles to drivers who join their platforms. According to indu ...
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The National Company Law Tribunal (NCLT) has ordered the inclusion of Videocon’s oil businesses in Brazil and Indonesia as part of insolvency proceedi ...
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Factory output contracted 0.3% in December after a mild pickup of 1.8% in November while retail inflation accelerated to a 68-month high 7.59% in Janu ...
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Sales growth of refrigerators, ACs and washing machines in 2019 was the best since demonetisation, signalling a revival in discretionary purchases and ...
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The newly announced Vivad Se Vishwas Scheme for resolving direct tax disputes as an attractive offer for taxpayers, cover most of the disputes, includ ...
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The government will need to infuse capital before its initial public offering (IPO) because the paid-up capital is only Rs 100 crore, which is not eno ...
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Indian diamond houses have sought help from the Reserve Bank of India (RBI) and the government as the coronavirus outbreak hits trade.
About 35-40 ...
Finance minister Nirmala Sitharaman on 11th Feb,2020 said that the economy was set to turn around, citing seven “green shoots,” seven indicators of ec ...
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Adani Group and Vedanta are conducting due diligence to acquire Lanco’s Amarkantak power plant in Chhattisgarh, after it was admitted for insolvency p ...
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The Ways and Means Advances, or WMA, is a facility that allows the Centre to borrow from the Reserve Bank of India (RBI) and meet payment obligations ...
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The government’s Rs 12,500 crore Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two ...
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Electric vehicles (EVs) charging infrastructure will be available at every four kilometres in big cities within a year.The govt has given in-principle ...
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ICICI Bank has moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings ...
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Amazon has requested the Karnataka High court to quash or set aside this probe by the Competition Commission of India (CCI), the e-tailer is seeking a ...
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US fund house Tilden Park Capital Management has sounded out the Reserve Bank of India (RBI) for buying a sizeable stake in Lakshmi Vilas Bank (LVB), ...
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Passenger vehicle sales in the local market dropped 6.2% to 262,714 units, sales of commercial vehicles fell 14% to 75,289 units in the past month, wh ...
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The $1.3 billion takeover offer for Fortis Hospitals by Malaysia's IHH Healthcare has now come under the scanner of the Serious Fraud Investigation Of ...
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Cotton and yarn prices have fallen by 4% while rajma prices have increased by 8% in the past 10 days due to market uncertainty after the outbreak of c ...
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As the government have restricted the exemption from Indirect Transfer Taxes to Category I Foreign Portfolio Investors (FPIs) in the budget, this may ...
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A typical computer stores information in bits i.e. either as a 0 or 1, but quantum computers can store information in two quantum bits (or qubits) as ...
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To fight against misinformation regarding the novel Coronavirus Technology platforms like Twitter launched a dedicated search prompt for India with th ...
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“Impact is unavoidable in India; it's only a matter of time before who gets affected first,” Mamillapalle, MD of Renault India, as factories in China ...
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The government may generate an initial payment only Rs 10,000 crore from spectrum auction. This indicates that the next spectrum sale could generate o ...
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The perennially high demand for sales talent has made these jobs ‘recession-proof’. Frontline sales jobs have always been in demand, given the high at ...
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WhatsApp’s UPI-based peer-to-peer payments service which was available in India in beta mode since last year will be launched sometime later this year ...
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The country’s largest state-run bank State Bank of India (SBI) has announced a reduction of 0.05% in MCLR, which will make the loan cheaper. This dedu ...
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UAE-based Emirates NBD, Mashreq Bank and Abu Dhabi Commercial Bank and few other lenders like Doha Bank, National Bank of Oman and National Bank of Ba ...
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Where other carmakers struggled amid weak demand and inventory alignment on account of the impending transition to Bharat Stage VI emission norms, Mar ...
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A cap on trade margins at 30% for medical devices is likely to be approved soon, as India and US move ahead to sign a mutually acceptable trade deal t ...
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With a view that the valuation of the lender would rise with the government's sale of stake leading to a possible entry of a private equity investors, ...
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As part of announcement of the amalgamation of 10 public sector banks into four big banks, PNB is supposed to acquire OBC and UBI which would create t ...
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In a major boost for real estate developers, the Reserve Bank of India's Monetary Policy Committee has decided not to downgrade any commecial real est ...
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The Department of Telecommunications (DoT) has approved the merger of the consumer mobile operations of the Tata group with Bharti Airtel, Tata T ...
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The Reserve Bank of India (RBI) kept interest rates unchanged on Feburary 06,2020 as expected amid concerns over inflation. They revised upward ...
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A favourable base to compare with after a steep fall in sales this year, low interest rates and new rules that give the taxpayer an option to choose l ...
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The finance ministry has initiated a review of India’s free trade agreement framework to assess the impact of such pacts on the overall economy. The v ...
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The chemicals and fertilizers ministry is struggling to pay the mounting subsidy bills for farm nutrients and plans to seek additional funds because t ...
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The government on Wednesday introduced a bill in Lok Sabha, which aims to significantly reduce the huge tax disputes linked to direct taxes totalling ...
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It is proposed in the budget that pre-filled income tax returns would be made available to taxpayers. It will contain details of the taxpayer's salary ...
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Russia's largest oil producer Rosneft is keen to bid for acquisition of Bharat Petroleum Corp Ltd (BPCL), sources said after the Russian firm's CEO Ig ...
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The new direct tax dispute settlement scheme will not cover cases related to undisclosed overseas assets initiated on the basis of information from an ...
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Vodafone Idea may offer the government a small part of its statutory dues by January 23 to ensure it doesn’t get a defaulter’s tag or incur the disple ...
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The Union Cabinet on Wednesday approved an amendment to the Banking Regulation Act that will empower the Reserve Bank of India to regulate 1,540 co-op ...
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According to a notification issued by MCA of 3rd February, 2020 on amendments to Companies Act Majority shareholders planning to buy out minority inve ...
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The government is looking at splitting GAIL (India) into separate entities, dealing with pipeline network and marketing, to cover 550-600 districts th ...
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Rising congestion in metros and larger cities will decelerate automobile gross sales within the prime markets as smaller cities and rural areas will c ...
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The appellate tribunal on Tuesday reserved its judgement on the contentious matter of whether JSW Steel, the successful bidder for debt-ridden Bhushan ...
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In an attempt to curb fake bills and false expenses generated by companies to evade tax, the government has decided to take harsh punitive action, inc ...
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Infosys Chairman Nandan Nilekani said the merchant discount rate (MDR) would have trended to zero even if the government had not gotten involved and s ...
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Union Finance Minister Nirmala Sitharaman on Monday said the government has been very transparent in setting the new fiscal deficit target, which has ...
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To bring transparency and ease of process for bidding of disinvestment plan of PSUs, the government is ready with an electronic bidding (e-bidding) pl ...
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The Union Budget for 2020-21 has proposed to amend the customs law by introducing stringent provisions related to rules of origin to check misuse of f ...
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NEW DELHI: The government is expected to notify within two weeks the revised IT intermediary guidelines that seek to make social media companies more ...
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India’s manufacturing activity expanded at its quickest pace in nearly eight years in January with robust growth in new orders and output, a private s ...
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MUMBAI: Leading domestic drug companies have said they are ready with supply of anti-retrovirals (ARVs) that seem to work in treating the novel corona ...
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The India Mafia of Satya Nadella (chief of Microsoft), Sundar Pichai (Google), Shantanu Narayen (Adobe), Sanjay Mehrotra (Micron), Nikesh Arora (Palo ...
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Private sector banks will be the biggest gainers of the government’s decision to hike deposit insurance cover to Rs 5 lakh from Rs 1 lakh in the Union ...
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The government said it doesn’t intend to tax income that bona fide workers earn overseas, allaying concerns about a budget proposal relating to non-re ...
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Imports of these products stood at $3.6 billion in April-November 2019, of which more than 60% came from ChinaNew Delhi:
India has created new tari ...
New Delhi:
The government has finally moved to control the rising debt of National Highways Authority of India (NHAI) while allowing tax sops to fo ...
However, the VC firm is facing renewed pressure on its past big bets, Paytm and RivigoBiswarup Gooptu & Aditi Shrivastava
New Delhi | Bengaluru ...
The direct tax collection target has been downward revised to Rs 11.80 trillion in the Union Budget after making a "realistic assessment" of various e ...
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Income tax tribunals have been keeping aside matters related to penny stocks and unexplained share premium, stoking hopes of a quasi-amnesty window or ...
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Bharti Airtel on Friday said its name has been removed from the Directorate General of Foreign Trade’s (DGFT) ‘denied entry list’, and the operator is ...
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Telecom operators in India have been raising concerns over the threat from over-the-top (OTT) players. The operators are allegedly losing revenue beca ...
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An advisory from India’s traditional medicines ministry on Wednesday suggesting remedies from ayurveda, unani and homoeopathy for the novel coronaviru ...
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India’s economic growth is likely to get a statistical bump in the current fiscal following a sharp downward revision in the estimates for the pre ...
As part of its move to exit the realty sector, Indiabulls Group will merge over dozen remaining assets of Indiabulls Real Estate (IBREL) with a new en ...
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India’s largest lender State Bank of India (SBI) has announced that its net profit grew 41 per cent year-on-year at Rs 5,583.4 crore during the Octobe ...
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The government is discussing a proposal to double the insurance cover on bank deposits to Rs 2 lakh and an announcement to this effect may be made in ...
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The Centre is likely to drop the clause that mandates control of insurance companies by Indian promoters as it seeks to enhance foreign direct investm ...
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The government has restored 2% additional duty incentive on mobile phones exports with a view to boost shipments of the product, according to a notifi ...
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An Air India passenger aircraft will head to Wuhan today to bring back stranded Indians from the city. The Boeing 747 is scheduled ...
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Since Last Budget, Govt Has taken Several Steps Indicating that the Economy is now far too dynamic for all Big decisions to be taken on a Single Day...
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The government should focus on alternative measures to stimulate economy as it is not possible to give fiscal stimulus. Growth need of the hour to ach ...
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Smartphone and consumer electronics companies in India said they were staring at production cuts and possible delays in launch of new products due to ...
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India’s top IT services provider Tata Consultancy Services has stopped providing a revenue breakup for its digital business, resisting calls from anal ...
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The government is likely to announce two mega agriculture initiatives — one related to crop diversification and another on financial assistance to cre ...
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The government is in talks with ecommerce firms to help sell goods produced by small enterprises in remote parts of the country around the world via o ...
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The Indian Railways will begin the process of corporatising its production units in FY21as it takes a coordinated approach towards improving the effic ...
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Companies more than halved their funding for national heritage, arts and culture, under corporate social respons ...
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In a move that will help lessen the burden on the National Company Law Tribunal (NCLT), the government has notified the rules for winding up of compan ...
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The commerce ministry has put Read more
The Ministry of Finance has approved a panel for preliminary examination of suspected frauds in public sector banks amounting to more than Rs 50 crore ...
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The government on Tuesday directed banks to set up committees of senior officials to monitor progress in pending disciplinary and internal vigilance c ...
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The upcoming e-commerce policy will make it tougher for sellers to peddle fakes online. The policy, likely to be out in March, will detail a plan of a ...
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The National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible project de ...
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Banks have decided that they will not charge a part of the fees on Unified Payments Int ...
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The government announced on Tuesday new steps, which seek to protect senior management in the public sector Read more
HDFC, LIC Housing Finance, Bajaj Finance, L&T Infrastructure Finance and REC are among borrowers that seek to sell bonds worth up ...
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The government on Monday invited preliminary bids to divest its entire stake in Air India, and the airline’s subsidiary Air India Express along with i ...
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Deutsche Bank said telcos should move towards new plans with 5GB, 10 GB and 20 GB of data on the 28-day cycle priced ...
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Suspecting fraud, lenders to Cox & Kings, the tour and travel company that defaulted on loan payments, have initiated a forensic investigation int ...
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State-owned Power Finance Corp (PFC) expects significant reduction in its bad loans with resolution of four stressed power generation assets, expected ...
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The country's largest mortgage company HDFC on Monday reported its highest ever quarterly net profit&nbs ...
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The government is all set to clamp down on import of furniture and certain types of tyres, especially retreaded ones, amid concerns that cheap goods a ...
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The government is estimating a hit of around Rs 1 lakh crore due to a reduction in corporation tax, against Rs 1.45 lakh crore calculated when the mov ...
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India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 bi ...
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Exactly three years from now, you will be able to drive down from Delhi to Mumbai in 12 hours, road transport minister Nitin Gadkari said. “January 26 ...
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The Centre is proposing a major revamp of the National Social Assistance Programme (NSAP) that could raise pension payouts for senior citizens, widows ...
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At a time when India is looking to fight the global financial slowdown and surge ahead by adding trillions to its gross domestic product (GDP), the po ...
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Rs 1k cr foreign assets of a hotel group detected' The income tax department said on Friday its searches on a “hospitalit ...
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Reserve Bank of India (RBI) Governor Shaktikanta Das has set broader financial stability as the central bank's immediate polic ...
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Out of the Rs 10,387 crore of fresh slippages during the quarter, Rs 4,509 crore came because the central bank inspection forced the ...
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Slowing growth rates in India, largely as a result of some monetary policies, have created a bit of a liquidity squeeze, which ...
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While transaction details were not disclosed, the new round is pegged at $100-150 million (Rs 713-1,069 crore). This will make the Se ...
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Non-furnishing of PAN or Aadhaar number as the case may be, by the deductee (employee) to the deductor (employer) will result ...
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IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the ...
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The Supreme Court on Friday stayed a National Company Law Appellate Tribunal (NCLAT) order that had dismissed a plea by the Registrar of Companies (Ro ...
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Reliance Jio Infocomm became the only phone company to meet the Supreme Court's adjusted gross revenue (AGR) dues deadline, paying ...
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The Niti Aayog has sought Cabinet approval for a proposal to build up to 10 large factories that would get subsidies ...
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GoAir Will Cancel Up To 50 Flights Per Day Due To A320neo Issues. Indian low-cost carrier GoAir< ...
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Terming delays in highway projects as "unacceptable", Road Transport and Highways Minister Nitin Gadkari on Thursday asked officials and developers to ...
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The Public Distribution System (PDS) has brought the biggest savings under Direct Benefit Transfer (DBT...
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The RBI had in a circular issued on April 6, 2018, directed that all entities regulated by it shall not deal in virtual currencies.Currency exchanges ...
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The Indian Bank’s Association (IBA) has written to the National Payments Corporation of India (Read more
The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the m ...
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The government may adopt a mediation mechanism that will help companies determine their future tax liabilities and e ...
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Vodafone Idea informed the Department of Telecommunications (DoT) it will wait for the Supreme Court's decision on t ...
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Financial engineering has been an industry practice among tech services providers for long, although it is changing now, said Siddharth Pai, an IT out ...
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Non-telecom public sector units GAIL , Power Grid Corporation,(PGCIL), Oil India (OIL) and two others are filing separate applications in the Supreme ...
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The festive sales uptick will narrow the on-year decline in revenues of automotive companies in the quarter ending December, in comparison with preced ...
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The annual report ranks TCS as the fastest growing brand within the IT services sector, with the company's overall&n ...
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India Post Payments Bank (IPPB) expects up to Rs 1,000 crore recapitalisation from the ...
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The Supreme Court will next week pleas by Bharti Airtel, Vodafone Idea and Tata Teleservices that they be allowed to negot ...
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Nandan Nilekani backed ShopX and SpiceJet’s cargo unit SpiceXpress are among five consortiums selected by India’s civil aviation authority to conduct ...
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If you are a working woman, a professional with disabilities or a young working male in the age bracket of 25-35 years, you may be allowed to lower yo ...
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State-owned Khadi Village Industries Corporation is eyeing international trademark for ‘khadi’ under the Paris Convention for protection of industrial ...
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Government clears 100% FDI in Bharti Airtel. The department of telecom (DoT) has approved raising of forei ...
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Korean car manufacturer Hyundai has said it will not build a new factory in India for at least two years, as the economic slowdown and poor consumer s ...
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- The development follows the Supreme Court last week dismissing pleas of these operators to review its earlier judgement
- Without ...
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Sensing a huge market opportunity to provide liquidity support to cash-starved Indian infrastructure companies, the National Investme ...
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Domestic air travel growth falls to 3.7% in 2019 due to Jet's collapse, economic slowdown. The double-digit growth& ...
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The income tax Act was legislated almost six decades back making it archaic over a period of time. There has been a plethora of amendments t ...
IMF cuts India's FY20 growth forecast to 4.8% The International Monetary Fund has slashed&nb ...
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In case of medium sector units, the plan is to provide a guarantee on the lines of small enterprises with a cap of&n ...
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The CCI has approved Brookfield Asset Management's Rs 25215 crore acquisition of 51 % stake in Reliance Jio tower arm via its affiliate BIF IV Jarvis ...
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The Centre could include a host of off-budget spending and other government liabilities on i ...
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The government is debating a mechanism to get credit flowing by providing support to non-banking finance companies (NBFCs) amid a growing realisation ...
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The country’s billion plus mobile users may have to brace for more sharp jumps in phone bills by end-2020 itself with telcos likely to raise prices by ...
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India is planning a network of liquefied natural gas (LNG) fuelling stations along its ...
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Corporate India has pitched for “uniform” rate of corporate tax, further slashing the existing rate of 22 per cent for existing firms and bringing it ...
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SEBI may soon bar brokers from using power of attorney (POA) privileges that give them control of clients demat accounts to prevent misuse as in the c ...
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Vodafone Idea may offer the government a small part of its statutory dues by January 23 to ensure it doesn't get a defaulter's tag or incur the d ...
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There are many things that the common man expects from the finance minister in the upcoming budget, especially with regards to taxation. O ...
The Supreme Court on Friday sought the response of the government on a petition that alleges the non-implementation of the National E-Mobility Mission ...
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- The deal includes $900 million on closing and $50 million to be received at the end of 12 months thereon
- The transaction is subject to ...
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Union minister Piyush Goyal on Friday said the country welcomes all kinds of investments that follow the "letter and spirit" of the law.Goyal said tha ...
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- Fuel prices dropped for the third consecutive day today across all major cities in India
- The retail prices of fuel are dependent on th ...
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The five-member board will function as the first level of examination for all alleged cases of fraud involving Rs 50 crore or more ...
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The newly appointed chairman of the Standing Committee on Statistics, has said core inflation target of 3% with an upper tolerance leve ...
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In a blow to telecom companies, the Supreme Court on Thursday refused to re-examine its verdict by which it had directed them to pay around Rs 92,000 ...
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The government has sought a deal with Indonesia to push Indian sugar, rice and bovine meat in return for higher quantity of palm oil imports from the ...
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The government is working on a scheme to provide cheaper loans to exporters to address their liquidity concerns and give a boost to slumping exports.& ...
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Supreme Court stay in hand, Tata Sons to hold board meet shortly. MUMBAI: Tata Sons has finalised plans for a ...
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The Modi government is considering raising holding period for imposition of tax on long-term capital gains (LTCG) by one year in the upcoming Union Bu ...
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The government plans a grant of over Rs 1.1 lakh crore to state power distribution companies under ...
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Proposal looks to decriminalise 2/3rd offences under Companies Act. ... Further, the cabinet will consider a proposal< ...
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India’s exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the ...
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India’s exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the ...
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Credit card balances and personal loans have recorded the highest growth rates as lenders expand the mar ...
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Revenue Department using its data analytics has discovered a fraud in GST refunds with as many as 1,200 exporters, who have have claime ...
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The government should step up expenditure to spur consumption and improve ease of doing business to rev up the economy, new F ...
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The government is seeking a record Rs 19,000 crore in dividend from state oi ...
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The government is likely to set a target for disbursing at least Rs 25,000 crore under the Partial Credit Guarantee (PCG) scheme that seeks to ease th ...
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RCom, once a flagship company of the Anil Ambani-led group, received bids from Bharti Airtel and ...
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The rate of inflation at the wholesale level surged to a seven-month high of 2.59 per cent i ...
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The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is likely to hold a consultation before its next bimonthly meet in February,g ...
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The National Highways Authority of India (NHAI) is looking to settle a majority of its arbitration cases, with claims runni ...
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India is putting in place a legal platform to help small and medium enterprises, threatened by cheap imports in their fight ...
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Walmart announced the layoffs of more than 100 senior executives including vice presidents across sourcing, agri-busin ...
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The import of electrical machinery and equipment, including TV sets, accounted for over 10% of India's imports during 2018-19 ...
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The cabinet committee on investment and growth has asked ministries to consider modifications in the resolution mechanism for small companies and the ...
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Nearly a fourth of borrowers who defaulted to banks carried an investment grade rating upto a quarter before they defaulted according to a report publ ...
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The Supreme Court on Friday said there were “basic errors" in the National Company Law Appellate Tribunal (NCLAT)’s observations and stayed the tribun ...
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The December quarter performance of Infosys was a mixed bag. While revenue and profit growth was broadly on expected lines, the operating margin was b ...
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In a relief to operational, unsecured creditors and provident funds, the IL&FS board has decided to revise the distribution framework for group re ...
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The Supreme Court on Friday asked the Karnataka High Court to wrap up hearing, preferably within six months, appeals filed by United Breweries Holding ...
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India’s industrial production recovered from three months of contraction to expand by 1.8% in November, signalling an early but weak improvement in th ...
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The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across ...
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Flipkart cofounder and former CEO Sachin Bansal has acquired Mumbai-based insurance company DHFL General Insur ...
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Bharti Airtel's $3 billion fundraising exercise has been subscribed more than three times, garnering pledges of&nb ...
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Prime Minister Narendra Modi on Thursday called for a focussed effort to make India a $5 trillion economy in an interaction with economists, ...
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The Government is set to slash the time taken for starting a new busin ...
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The Railways is accelerating its efforts to install and use renewable energy as part of its objective to reduce carbon footprint and reduce its power ...
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The Income Tax Department on Thursday allowed joint owners of single house property to file income tax return using simple Form-1 (Sahaj) or Form-4 (S ...
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SoftBank Group Corp wants to sale its stake in renewable energy joint venture in India as it looks to raise cash after facing se ...
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The spouse and sons of Mahendra Agarwal, the promoter of listed logistics firm Gati, have approached the National ...
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A rule mandating top managers to disclose personal financial dealings is turning out to be a tricky problem for many , with senior executives scrambli ...
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The CCI has also recommended that platforms describe the key parameters of search rankings .The Competition Commission of India (C ...
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The Enforcement Directorate (ED), investigating the case related to the late underworld gangster and drug trafficker Iqbal Mirchi, has asked the speci ...
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India's economy is forecast to grow 5% this fiscal, its slowest pace in 11 years, estimates released by the government o ...
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The power ministry has finalised two schemes to procure 4,000 MW from gas-based power plants ...
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India needs development finance institutions (FIs) to fund the capital expenditure needs of Indian companies . The need for ...
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SC rejects Centre's plea challenging refund of RS 104 cr ordered by TDSAT to RC ...
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The move will close doors on promoters regaining control of their insolvent firms during liquidation proceedings. The IBBI said it ...
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The finance minister said the faceless e-assessment scheme was launched in October 2019 to eliminate interface between an assessing o ...
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On July 6, 2019, all the main lenders of Reliance Power had signed an -creditor agreement (ICA). sed on the ICA, lenders had agreed to a six-mon ...
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Crisil has signed a definitive agreement and expects to close the deal by the first quarter of fiscal 2021. The market for benchmark analyti ...
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Local rates of petrol and diesel, already at a 13-month high, are poised to rise further as crude oil advanced anot ...
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Companies with total outstanding debt of Rs 100 crore or more to banks and financial institutions will also now have to s ...
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Our government believes artificial intelligence, in different forms, can help us achieve the $5 trillion benchmark over the next five years, but also ...
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The Reserve Bank of India (RBI) on Monday said select banks in India can offer forex rates to Indian purchasers beyond the inter-monetary institution ...
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Small and retail investors should not panic and take a hasty decision . with their money and other investments in the current volatile market ,brokers ...
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Contrary to claims made by the Tata Trusts that it had surrendered its registration voluntarily, the tax department has clarified that the move was a ...
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The NHAI has now downsized the package, reducing the initial estimated concession value (IECV)—the base price of the bid—to Rs 2,165 crore. The conces ...
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Amendments to the Insolvency & Bankruptcy Code to include operational creditors in committee of creditors and disposal of old ...
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Coffee Day promoters' stake dives to 17% from 54% The shareholding of Coffee Day Ente ...
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In a big move towards the push for electric vehicles, NITI Aayog CEO, Amitabh Kant has announced that the government has approved the installation of ...
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The change of BS6 can boost the demand for engineering graduates by 20% Chennai: The BS6 change< ...
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Indian consumers can expect first set of 5G phones as early as in the first half of 2020, al ...
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In order to further strengthen the rating process, the Sebi issued directions to credit rating agencies (CRAs) with regard to issuers who do not coo ...
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Insurance Startups Get $183 m in 2019. Mumbai: India's nascent 'Insurtech' sector seems to be coming of age attracting investments worth $183 million ...
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On instructions of its investor Softbank,Oyo sets internal deadlines for all its self operated Hotel businesses to be operational ...
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Andhra Pradesh starts clearing renewable dues this week. Home to India's second-largest installed capacity of clean energy,&nb ...
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Adani Ports and Special Economic Zone (APSEZ) is going to acquire 75% stake in Krishnapatam Port company. The acquisition would be funded through inte ...
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Retailers and consumer goods companies said sales in the October-December festive quarter had been ...
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Tata Sons Private Limited (TSPL) moved the Supreme Court on Thursday, challenging the December 18 decision of the NCLAT& ...
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As per the new amendments, Trai has reduced the cap on the MRP of individual channels, ...
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The IHS Markit India Manufacturing PMI rose to 52.7 in December from 51.2 in November, remaining above the 50-mark thres ...
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The Department of Telecommunications (DoT) has slapped a Rs 15,019-crore demand notice on Gujarat Narmada Valley Fertilizers & Chemicals Ltd, taki ...
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Strategic divestments in Air India, Bharat Petroleum Corporation (BPCL) and Container Corporation of India (Concor) are “unlikely" this fiscal, Press ...
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With a large number of of banks only issuing Mastercard or Visa Cards ,the finance ministry has decided to ask them to ensure that there is no infrast ...
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The lending of banks to MSME reduced by 3.43% in November 2019, despite measures by the govt. to boost credit flow to businesses. The reduction in the ...
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The finance ministry has clarified that routers will continue to enjoy zero import duty status, all ...
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A central registry launched by the government to block and track stolen and lost mobile phones may ...
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The Centre proposes to open up bidding for coal blocks to all firms with offices registered in India. As per section 11A of the MMDR Act, the Centre c ...
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Riding on heavy discounts particularly for BS4 models, retail sales of cars and SUVs have shown an increase for three consecutive months. According to ...
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Tata Sons will move the Supreme Court to seek early interim relief from the tribunal order .
Group to file an appeal on January 2 although a hearin ...
Nirmala Sitharaman gives India Rs 102 lakh cr infra push ... Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102&n ...
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Adani Power and NTPC Ltd are in the race to acquire a 1,260 megawatt thermal power plant of Gautam Thapa ...
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India's property industry continued its choppy ride through 2019 with commercial assets finding more takers even as affordable homes, underpinned by f ...
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The country's fiscal deficit hit 114.8 per cent of 2019-20 Budget Estimate at Rs 8.07 lakh crore at the end of ...
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The rates of interest on various small savings schemes for the fourth quarter of the financial year 2019-20 starting ...
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Core sector output falls for 4th month, dips 1.5% in November. For the first time in eight years, ...
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State Bank of India (SBI), the country’s largest lender, on Monday cut its lending rates linked to the central bank’s repo rate by 25 basis points ( ...
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CBDT extended the due date for linking of PAN with Aadhaar from 31st December, 2019 to 31st March, 2020.
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We feel our goods exports may touch $330-340 billion in the current fiscal… If the global situation improves, which is likely in the first half of 2 ...
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Union Minister for Commerce and Industry, India had decided not to join the Regional Comprehensive Economic Partnership (RCEP) in interest of d ...
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After more than a decade, a professional services firm has managed to break the stranglehold of the Big Four in the ranking of number ...
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The Big Four audit firms — Deloitte, PwC, EY and KPMG — may be under the scanner for lapses in big corporate frauds, but their forensics businesses ar ...
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Airtel on Sunday increased the cheapest entry plan for its prepaid customers to Rs 49 from Rs 35 . The new plans offer calling and data benefits ...
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In the wake of the PMC Bank crisis, the finance ministry and insurance regulator IRDAI have asked i ...
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Companies cautious after WeWork, Uber hiccups. ... In fact, more than 42% of the respondents said the current environment was ...
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An umbrella information portal collating official data on Read more
India's economy is expected to rebound in 2020 on the back of measures taken by the government and the Read more
European Union's wines, cars may get cheaper. The government is indicating flexibility in reducing import duties o ...
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Public sector state-run State Bank of India (SBI) will launch an one-time password (OTP)-based ATM cash withdrawal facility from January 1, 2020, as a ...
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- Change in macroeconomic scenario, marginal increase in slippages might be the reasons, says RBI in its Financial Stability Report
- The ...
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The industry is estimating sales to fall 13% from last year — worse than an 8% decline, the steepest so far, ...
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A percentage of total banking frauds jumped to 90% in fiscal 2019 from 55% in fiscal 2018 after regulatory standards were changed ...
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The floor price, if at all fixed by Trai (Telecom Regulatory Authority of India), is un ...
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Airtel and Tata Teleservices have failed to receive a nod from the government for thei ...
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The Department of Telecom will soon seek sector regulator TRAI’s recommendations on pricing and other modalities for coveted 5G bands of 24.75-27.25 G ...
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Audit partners at top professional services firms including the Big Four have started demanding a “risk premium”, as regulatory scrutiny is increasing ...
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The government is considering extending loans from Power Finance Corp and Rural Electification Corp to state power distribution companies to help them ...
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Railway fares are expected to shoot up as the government is almost ready to set up by June an independent railway regulator that will determine passen ...
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A flat tax rate without exemptions, new slabs for those earning higher incomes, cuts in personal income tax in line with those in corporate tax. These ...
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The Reserve Bank of India (RBI) has red-flagged banks on retail lending over slowing economic activity and negative consumer sentiment.The federal ban ...
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Stocks of five non-banking finance companies (NBFCs) rose by 50 per cent or more in 2019 defying turbulent times for the sector amid liquidity crunch ...
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The NCLAT has dismissed petitions filed by the IT Department objecting over the approval granted to Reliance Jio Infocomm scheme to demerge two of its ...
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- 12 % rise in used car market sales at 4.2 million units in 2019 so far
- 15 % growth expected in used car market in 2020 ... Read more
While the Indian banking sector’s financial parameters such as bad loans and capital adequacy have shown an improvement in recent times, the overall h ...
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The Union Cabinet on Tuesday approved an organisational restructuring of the Indian Railways, unifying eight services into one and making the Railway ...
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India is in the midst of a significant economic slowdown, the International Monetary Fund (IMF) has said, asking for urgent steps to reverse slowdown ...
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A panel of officers looking at a revamp of the goods and services tax (GST) has received suggestions for putting in place two slabs of 10 % and 20 %, ...
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The government will introduce an ordinance to further amend the insolvency law to remove ambiguities and ring-fence successful bidders in suc ...
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Licence fees of telecom companies may get trimmed from 8% to either 5% or 6%, what would be a second major step to revive an industry struggling wit ...
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The government is considering a proposal to sweeten export incentive scheme for smartphone manufacturers such as Apple, Samsung, Huawei, Vivo and Op ...
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The government’s Rs 25,000-crore Alternative Investment Fund (AIF), which aims to offer funding in stuck housing projects, will take the route of no ...
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On an all-India level, toll collection via FASTags has reached 46%, and it is growing every day.. Toll plazas around Delhi are doing slightly ...
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The government on Monday notified rules allowing automakers to equip vehicles with microdots, a move aimed at checking vehicle thefts and fake spare ...
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Registrar of Companies (RoC) from Mumbai has filed an application to the National Company Law Appellate Tribunal (NCLAT), seeking to be heard in the ...
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To protect consumers interest, the RBI on Monday decided that the aggregate exposure of a lender to all borrowers at any point of time, across all P ...
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Banks have stopped suo motu issuing debit cards for dormant accounts. For a bank, it is not prudent to keep servicing dormant accounts. One, the ...
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The era of growth at all costs for private technology companies is coming to an end. India’s most-valued startups, including Oyo, Ola and Quikr...
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Hundreds of taxpayers have received notices from the income tax (I-T) department whose systems are unable to process the tax returns correctly...
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The government is looking at introducing methanol-blended fuel pan India, a move that can potentially reduce one’s fuel bill by at least 10%, ...
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Reliance Industries has no immediate liability in the dispute with the state over profits from Panna, Mukta and Tapti (PMT) fields as the arbitrat ...
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The economy is facing a liquidity problem and demand recession, and it requires measures to lift consumption, including reduction in goods and ser ...
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The National Company Law Appellate Tribunal (NCLAT), which ordered the reinstatement of the ousted chairman Cyrus Mistry, has also said that the con ...
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The bankruptcy court has directed the lenders of Jet Airways to take a decision on allowing fresh expressions of interest (EoIs) for the sale of the ...
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Corporate India has pitched for “uniformity” in the corporate tax rate, stating that a rate of 22 per cent for existing firms and 15 per cent for ne ...
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The Centre is
likely to cap surge pricing charged by taxi aggregators such as Read more
Taking cognisance of low employment generation and faltering economic growth, Niti Aayog plans to seek the opinion of domain experts—industrialists, e ...
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To forcefully bring down the rate of interest in the economy, the RBI on Thursday said it would buy government securities (G-Secs) with a 10 year ma ...
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Tata Group is looking to pick a 49 percent stake in Walmart India’s cash-and-carry ‘Best Price Modern Wholesale’ business, a move that will fast-track ...
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The NCLAT ordered reinstatement Cyrus Pallonji Mistry as the removal of chairman was illegal. Whereas, Tata Sons would soon move the Supreme Court c ...
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Trai’s point that it may be difficult to regulate only data rates, and not voice, and bring in a tariff ceiling to protect consumers. As per Sunil M ...
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Startups dealing with global technology companies registered outside India claims that they pay more taxes on their revenues. Startups are required ...
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Sitharaman had fixed the Centre’s fiscal deficit target at 3.3% of GDP for F.Y.20 in the budget presented in July, compared with 3.4% in F.Y.19. S ...
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Niti Aayog, think tank for govt., has recommended a penalty of up to Rs 1 crore for selling faulty medical devices, revealing a patient’s identity o ...
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India’s private equity and venture capital industry is asking that domestic pension funds allocate 1% of their overall assets to alternate investment ...
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Public grievances regarding central government departments have increased almost 15% year-on-year in 2019 to surpass 1.8 million, with just five depar ...
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The Confederation of Indian Industry (CII) has said a reduction in personal income tax could wait while the government fixes bigger issues related to ...
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Refiners are seeking government support for their plan to raise consumer prices to recover heavy investments they have made in upgrading their facilit ...
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The Committee of Creditors (CoC) of Jaypee Infratech has selected staterun NBCC (India) as the winner in the race to acquire the debt-hit realty devel ...
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Facing a massive shortfall in collections, the government on Tuesday asked tax officials to launch a multi-pronged exercise to push mop-up and asked t ...
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Telecom regulator Trai on Tuesday initiated a consultation to fix floor rate, or a minimum stipulated tariff, for mobile phone calls and data — a move ...
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The upcoming budget could see another rejig of basic customs duties on select products as the government attempts to push local manufacturing. The com ...
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RBI governor Shaktikanta Das said the Monetary Policy Committee (MPC) had acted in anticipation of the economic slowdown before keeping interest rates ...
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India’s weightage in the MSCI Emerging Market index is set to rise as the Finance Minister on Friday confirmed implementation of the Budget announceme ...
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Reinstatement of a key export incentive to 4%, lowering of goods and services tax (GST) on entry-level mobile phones and support to local phone manufa ...
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Anil Ambani is set to stand trial in the London high court after narrowly avoiding a summary judgment on Monday against him, which would have forced h ...
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The All India Food Processors’ Association (AIFPA), which has members such as ITC, Mondelez, Haldiram, Bikanervala, PepsiCo, Nestle and various small ...
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Thousands of employees at Vodafone Idea (VIL) and Bharti Airtel are looking out, after the telecom companies posted unprecedented losses and stare at ...
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The government has taken several measures this year for ease of doing business, besides strengthening the insolvency and bankruptcy framework, the Min ...
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Promoters of Essar Steel are not yet off the hook despite banks getting a large part of their dues back. The Lakshmi Mittal-owned metals group Arcelor ...
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India’s move to cut the corporate tax rate sends a strong signal to global investors that it is serious and open for business, said Colm Kelly, global ...
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Ahead of the Budget, the commerce department has asked the finance ministry to levy border adjustment tax (BAT) on imported goods to offset the impact ...
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The government’s schemes to help revive the flagging economy by supporting nonbanking finance companies (NBFCs) and housing finance companies (HFCs) a ...
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Religare Health Trust (RHT) has halted plans to wind itself up after the Supreme Court sought an inquiry into the purchase of assets from the trust by ...
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Indian stock brokers have sought the reintroduction of rebates on the payment of securities transaction tax (STT), withdrawal of dividend distribution ...
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Shares of auto-maker Tata Motors hit an over sixmonth high on Friday as the Boris Johnson-led Conservative Party won the elections in the UK – an impo ...
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Moody’s Investors Service reiterated India’s gross domestic product growth forecast for 2019 at 5.6%, which it had lowered from 5.8% in October, on sl ...
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A consortium of 18 lenders, led by State Bank of India (SBI), have successfully recovered ₹6,000 crore from the sale of the debt-laden Prayagraj Power ...
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Brokerage Ambit Capital has settled a case of alleged insider trading in Manappuram Finance shares with the Securities and Exchange Board of India by ...
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Industrial production contracted for the three consecutive months running in October with the festival season failing to provide any boost whi ...
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Another US law firm, Schall Law Firm, has filed a class-action lawsuit against Infosys on behalf of shareholders of the company. Schall is the fourt ...
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India having a poor record in recycling e-waste despite being one of its largest producers globally as the country recycles only 5% of the two milli ...
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Maruti Suzuki is reconsidering its idea of ditching diesel vehicles from its portfolio, after its key rivals decided to continue in the segment. The ...
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Seeking additional security from NBFCs is a forced move, that banks has to take, as banks are still to receive any guarantee from the government for p ...
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Insurance regulator IRDAI, as part of the amendments to the Third Party Administrators (TPA) Regulations, 2016, has allowed policyholders to choos ...
Telecom industry is passing through its most difficult period in the past 25 years and needs protection of the government to survive the unprecedented ...
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Adani Transmission announced that it will sell 25.1% stake in its arm Adani Electricity Mumbai (AEML) to Qatar Investment Authority for around Rs 3,20 ...
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The Centre may take a major initiative in the power sector with an ordinance to ensure sanctity of contracts, restrict cross-subsidisation of consumer ...
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The government is considering a shift to the chain base method of calculating gross domestic product, where national account statistics or GDP estimat ...
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The road transport and highways ministry has put forward a draft notification to amend the Central Motor Vehicle Rules as they want the dimensions of ...
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The proposed Personal Data Protection Bill, which is supposed to allow the Centre to exempt its agencies from provisions, is raising concerns as ...
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Auditing banks is one of the trickiest and most demanding jobs. Reserve Bank of India (RBI) asked Auditors to carry out a more intensive examination o ...
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India decided to stay out of the Regional Comprehensive Economic Partnership (RCEP) trade agreement as its concerns and outstanding issues were not be ...
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Finance minister Nirmala Sitharaman told that Reserve Bank of India had no objection to the issuance of electoral bonds through SBI. RBI being a stake ...
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Trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying have aided gold. Economic growth an ...
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Indians are getting more comfortable with unified payments interface (UPI). As a result, the average ticket size of UPI transactions has m ...
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Bad loans reported by SBI in its FY19 results were Rs 11,932 crore less than figure identified by the RBI in its annual inspection. Consequently, ...
Foreign Direct Investment limit in insurance may be raised to 74% in the February budget, up from 49% now, possibly making the way for foreign contr ...
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The government has warned all telecom licence holders against any delays in the payment of dues related to Adjusted Gross Revenue (AGR) and also sug ...
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2% cut in duty incentives under an existing export scheme effective January 1 has panicked electronics manufacturers. As this may lead to derail the ...
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State-run Bank of India on Monday revised its MCLR-based lending rates by up to 20 basis points across various tenors, effective from Tuesday. The l ...
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The RBI has urged the government to move forward on reducing interest rates on small savings schemes such as public provident fund (PPF) and post of ...
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Reliance Industries Ltd (RIL), India’s biggest company by market value, is in negotiations with three top banks for a ₹5,000 crore long-term loan faci ...
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The scorching pace of imports of mobile phone components from Vietnam has set alarm bells ringing in the industry, prompting handset makers to ask the ...
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The Centre is set to alter the insolvency code to shield new owners of bankrupt companies from criminal liabilities pertaining to the time when the en ...
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Major banks and financial institutions in the country are ‘largely optimistic’ about the Indian economy, according to a survey assessing the country’s ...
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The government plans fee-based arrangements with marketplaces such as Amazon and Flipkart for pushing goods produced by micro, small and medium enterp ...
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Maruti Suzuki India increased its production in November by 4.3%, after having reduced output for nine straight months due to lower demand.
The com ...
Private sector lender Yes Bank plans to declare former promoters of the bankrupt Cox & Kings, Peter Kerkar and his sister Urrshila Kerkar, wilful ...
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Karvy Stock Broking not only illegally pledged clients’ shares but also held back their payments for months after investors sold through the firm. In ...
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Markets regulator Sebi on Friday directed LIC, SBI and Bank of Baroda (BoB), all majority-owned by the government, to dilute their stakes in UTI Mut ...
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PM Narendra Modi assured bank officers, that their business decisions will not be questioned, in a move that was seen to provide comfort to state ...
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If there’s no relief on the statutory dues that the telco has to pay by January end, Vodafone Idea may have to shut. Vodafone Idea fell 5.3 ...
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Sept 30 is the deadline for the likes of Amazon and Flipkart to ready their annual compliance reports as per FDI norms. Compiled reports will be pre ...
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For more transparency into bad-loan exchanges and ring-fence these deals from likely allegations of conflict of interests, the Reserve Bank of India ...
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The Personal Data Protection Bill, will be presented in Parliament next week, which may have exemptions for journalists, providing them the freedom ...
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Non-banking finance companies, co-operative banks and payments banks can now convert into small finance banks (SFBs), which will help improve their ...
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The RBI dashed market expectations by keeping the benchmark interest rate unchanged citing inflationary pressures while slashing GDP growth forec ...
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15th Finance Commission has recommended performance based incentives in the form of additional grants to states based on the agricultural ref ...
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The skills development ministry has urged central public sector enterprises for increasing apprentices in the services sector. This will help to fil ...
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The government is working on a scheme to salvage 24,000 MW of stressed gas-based power plants, built at an investment of over Rs 1 lakh crore ...
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Sundar Pichai, CEO of Google, was appointed CEO of parent company Alphabet on Wednesday as founders Sergey Brin and Larry Page stepped down from act ...
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Bharti Airtel’s board approved a plan to raise as much as $4 billion through debt and equity as the company seeks to arrange funds to pay more than ...
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The government said the Supreme Court order on adjusted gross revenue (AGR) will be applicable to all telecom licensees, which includes companies su ...
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Twenty-three individuals comprising senior bankers, directors and account holders of Punjab & Maharashtra Cooperative Bank had allegedly withdra ...
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The Foreign Direct Investment inflow into India has increased in the last fiscal in comparison to previous years with $62 billion foreign investments ...
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The government will recommend loss-making PSUs identified for strategic stake sale for closure and will not wait endlessly and won’t make repeated att ...
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Income tax refunds have increased over 22% to little less than Rs 1.5 lakh crore so far this year as the government has focused on speeding up the pro ...
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The Securities Appellate Tribunal (SAT) asked the Securities and Exchange Board of India (Sebi) to hear Bajaj Finance’s plea against the capital marke ...
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Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm have asked the telecom regulator to “urgently” set a floor price for data services to afford im ...
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Finance minister Nirmala Sitharaman on Tuesday said the government is open to further reforms for making India a more attractive investment destinatio ...
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A new car this new year is going to be a costlier deal as automakers gear up for a price hike after tepid sales and heavy discounts eroded profit marg ...
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Deepu Singh, who runs a kirana shop in the village of about 8,000 people, said sales have slumped nearly 40% this year, given that incomes of consumer ...
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The Government on Monday said there is no proposal to reduce taxes on petrol and diesel. Finance Minister Nirmala Sitharaman told the Lok Sabha that n ...
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The Indian Railways' operating ratio at 98.44 per cent in 2017-18 was the worst in the last 10 years, the national auditor, Comptroller and Auditor Ge ...
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The federal government is unlikely to supply any direct incentives for junking outdated autos however will empower states and automakers to supply sop ...
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Manufacturing activity gained pace in November but as firms sharply cut operating costs, jobs losses were reported for the first time in 20 months, sa ...
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State-owned NBCC Ltd is likely to offer more land to lenders and reduce timeline for completion of about 20,000 flats in its final bid to acquire bank ...
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Bharti Airtel may issue shares first and bonds later as it plans to raise $2-4 billion to pay up its adjusted gross revenue (AGR)-based dues. The mobi ...
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Personal insolvency framework will be the "beginning of a new learning" and the next big thing in insolvency reforms, IBBI chief M S Sahoo has said....
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The days of unlimited free voice calls across networks are over for Indian telecom customers — at least for prepaid users — with Airtel and Vodafone I ...
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Paytm wants to convert its payments bank into a small finance bank as that will allow it to lend to its consumers and build a more profitable growth m ...
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After breaking an 11-month cycle of sales declines in October, car and SUV sales again returned with negative numbers in November as wholesale deliver ...
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Core sector output contracted 5.8% in October, marking a second successive month of decline and yet another record low. The Index of Eight Core Indu ...
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The Yes Bank board on Friday approved a proposal to raise $2 billion equity from eight investors who had individually shown an interest in picking u ...
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The RBI on Friday filed an application for initiation of corporate insolvency resolution process against Dewan Housing Finance Corporation (DHFL). T ...
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Markets regulator Sebi late on Friday rejected Karvy Stock Broking’s reeequest for a relaxation of its orders of November 22 through which the regul ...
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The pressure to meet the fiscal deficit target for 2019-20 intensified further on Friday after latest data estimated nominal GDP growth at 6.1% in t ...
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Q2 Sees Revival in Rural Demand for GroceriesHint of recovery in hinterland, but no pickup in bank funding to NBFCsVolumes rise 4.4% year-on-year in t ...
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Mukesh Ambani-led Reliance Industries Ltd (RIL) on Thursday became the first Indian company to cross ₹10 trillion in market capitalization, with its s ...
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Credit disbursals by non-banking finance companies (NBFCs) continued to slide despite regulatory measures to boost credit to the sector. Loan sanction ...
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Websites offering fake petrol pump licenses from state and private oil companies have proliferated on the internet, using google search advertising an ...
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Rating agency Icra on Thursday downgraded the long-term rating of Shapoorji Pallonji and Company to A , from AA-, and short-term ratings to 'A1' from ...
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New Delhi: Ride-hailing major Ola is planning to cut its workforce by 15-20 per cent over the next two quarters in a bid to improve margins and move t ...
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What Karvy Stock Broking did by using clients’ securities and funds was never allowed. A SEBI circular of 1993 had specific instructions on how brok ...
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Two former board members of Zee Entertainment Enterprises had raised concerns over multiple issues, including a Rs 2,200-crore film advance gi ...
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Telecom regulator TRAI has refused to order a ‘floor price’ — or a minimum mandatory rate — for voice and data tariffs, a move that will ensure that ...
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The 15th Finance Commission will submit recommendations for six financial years, marking only the second instance of the Constitutionally-mandate ...
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Finance minister Nirmala Sitharaman said the Indian economy may be facing a slowdown but there’s no danger of a recession taking hold. The governmen ...
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This is the first time the government is looking to regulate the commission collected by such firms, which currently stands at about 20%. ...
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Hyderabad-based Karvy Stock Broking pledged securities worth Rs 2,300 crore of almost 95,000 clients with three private banks and a large non-bankin ...
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The domestic drug industry and trade have agreed to the government’s proposal to cap trade margins for all medicines outside price control at 30%, a ...
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Termination of the service of a worker as a result of completion of service tenure will not be considered retrenchment also fixed term employee will g ...
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RBI has asked banks to monitor loans under the Mudra scheme over concerns of growing levels of nonperforming assets (NPAs) in that category. The Pra ...
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An investigation by antitrust body CCI has found that units of Tata Steel, Sweden’s SKF and Germany’s Schaeffler colluded on the pricing of bearings ...
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Bankers fear that a resolution of DHFL could get delayed because of an SFIO investigation on instructions from the finance ministry. This means bank ...
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In addition to its decisions on the investment ticket size and net worth, Sebi has imposed some caps on unlisted securities in PMS products. The reg ...
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Media mogul Subhash Chandra has resigned as chairman of his flagship company Zee Entertainment Enterprises Ltd (ZEEL), with immediate effect. The bo ...
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The Committee of Secretaries (CoS) set up to suggest relief measures for the telecom sector has been ‘disbanded’, a top government official said, indi ...
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Skoda Auto Volkswagen has decided to shut down production
from mid-December to mid-January, a second month-long ‘no production’ period is ...
The govt. electric mobility drive seems to be on a bumpy ride with the state transport department coffers running dry and rigid tender rules choking t ...
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Sebi’s late Friday order against Karvy Stock Broking (KSBL) is a result of a nearly year-long investigation by the markets regulator. The probe was ...
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UberEats, has been put on the block again for close to $500 million (Rs 3,583 crore at current exchange rate), which may be subject to change. ...
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The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution f ...
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After removing founder Gautam Thapar as the chairman of the company, fraud-hit CG Power & Industrial Solutions has moved to declassify him as pr ...
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The Prime Minister’s Office has set up a group of 12 ministers to resolve differences over the proposed Model Agricultural Land Leasing Act, 2016. A ...
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The stock broking industry is undergoing an unprecedented shakeup. The trigger is the capital market regulator’s seemingly innocuous set of rules on ...
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Microsoft, Amazon and Goldman Sachs are among those setting the pace at the Indian Institutes of Technology (IITs) with students getting a record numb ...
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The competition watchdog will now be able to reveal the identity of informers who have filed information in a case before it even if they have sought ...
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Markets regulator Sebi banned Karvy Stock Broking from accepting new investors over alleged misappropriation of shares and funds of its clients ...
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Cognizant has reduced the maximum bench time for employees, opening up the possibility of higher numbers of exits in the c ...
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At a time when mobile numbers have emerged as the key mode of identification and authentication in both public and private spheres, telecom ...
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India's leading car manufacturer Maruti Suzuki will introduce a BS-6 petrol version of its two models, Brezza and S-Cross, before April 1, 2020. ...
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The Organisation for Economic Co-operation and Development on Thursday marginally cut India’s economic growth forecast for 2019 to 5.8%, but said it ...
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Trade unions will hold nationwide strike on January 8 against proposed labour law changes through various codes as part of the government’s efforts ...
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Traffic authorities across 18 states issued 38 lakh challans worth Rs 577 crore since September this year after the new penalties for traffic violat ...
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The Reserve Bank of India on Wednesday superseded the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, i ...
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In a bid to boost consumption and revive the economy, Finance Minister Nirmala Sitharaman had in September asked banks to reach out to ...
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The Central Board of Indirect Taxes & Customs (CBIC) on Thursday said the filing of GSTR-3B returns shot up by 50% on Wednesday, the deadline for ...
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State-run entities will stay off when the government puts India’s second-largest public sector oil refiner and fuel retailer Bharat Petrole ...
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Promoters of Zee Entertainment sell 16.5 per cent stake. After this transaction, the promoter stake in Zee Entertainment will be reduced to 5 per ce ...
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The Cabinet Wednesday cleared a two-year moratorium on spectrum payments, which will give immediate relief of more than Rs42,000 crore to Indi ...
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The capital market regulator has tightened disclosure norms for reporting loan defaults, a move that will help investors draw an informed conclusion ...
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The NITI Aayog has asked the Indian Agriculture Research Institute to expeditiously conduct field trials of a technology that allows paddy straw to ...
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Billionaire Mukesh Ambani became the 12th richest man in the world on Wednesady following robust performance of his conglomerate Reliance Industr ...
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The government is exploring the expansion of India Post Payments Bank (IPPB) and possibilities of converting it into a small finance bank and ...
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The Securities and Exchange Board of India (Sebi) is likely to tighten rules for portfolio management services (PMS). The stricter norms for portfol ...
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The Reserve Bank of India (RBI) is currently in talks with lenders to DHFL before making an insolvency reference. A government notification has br ...
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Government on Tuesday categorically stated that it does not intend to revise its fiscal deficit target of 3.3 per cent of gross domestic product ...
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GAIL and the downstream regulator are headed for a clash after the latter cancelled the state-run firm’s sole bid to lay a Rs 1,500-crore pipeline i ...
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All vehicles plying on the National Highways across the nation will have to compulsorily carry a FASTag from December 1, 2019. The rollout of e ...
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YES Bank reported asset quality divergence of Rs 3,277 crore, based on receipt of the Reserve Bank of India’s (RBI’s) final risk assessment report f ...
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The Company Law Committee has suggested that it may provide a breather to independent directors who have been disqualified from holding board ...
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A government-appointed high level panel has proposed recategorisation of 23 more offences under the companies law.The committee has suggested amendmen ...
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Vodafone Idea and Bharti Airtel said they would increase tariffs in December, the first price hike in more than three years that could help sho ...
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Sharp increase in duty drawback rates for gold and silver jewelry effective today, in a move that is expected to make exports more viable for those wh ...
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The coal ministry will auction coal blocks for commercial mining on a revenue sharing basis and proposes to announce incentives for faster production. ...
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Maruti Suzuki is witnessing a sudden surge in demand for its diesel models, compelling the maker of the Vitara Brezza and Dzire to ramp up p ...
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The bankruptcy court has asked the only potential suitor for Jet Airways, Synergy Group, to appear before the bench to show its seriousness and bonafi ...
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State Bank of India and the ministry of finance are exploring a legal framework where the proposed alternative investment fund (AIF) for revivi ...
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India’s top two web retailers Flipkart and Amazon clocked combined sales of Rs 31,000 crore ($4.3 billion) during the crucial 15-day festival period i ...
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Vodafone Idea’s estimated AGR-related dues of Rs 44,200 crore could rise sharply, entailing additional provisioning and stretching its balance ...
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Telecom operator Bharti Airtel has withdrawn its bid to purchase assets of Reliance Communications (RCom) after terming the move of committee of cr ...
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The pace at which mobile manufacturing activity is growing in the Noida/Greater Noida area owing to the “Make in India” initiative, the region is s ...
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The government is looking to address concerns over the Enforcement Directorate’s decision to attach properties of Bhushan Power and Steel, raising que ...
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Sebi on Friday asked brokers to link the unique client code (UCC) of investors to the latter’s demat accounts. UCC is a number that is assigned to eac ...
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The government on Friday said the Insolvency and Bankruptcy Code (IBC) will be applicable to systemically important financial service providers (FSPs) ...
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The government doesn’t want any phone companies shutting down and is looking at support that can be given to the debt-laden telecom sector that’s been ...
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The Supreme Court on Friday paved the way for global steel giant ArcelorMittal to take over Essar Steel by upholding the primacy of financial creditor ...
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Ecommerce companies led by Flipkart topped the list of consumer complaints received on the government’s national helpline, which was set up to help re ...
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Vodafone Idea may just have a few months before its auditors take a call on the company’s health and comment on whether the telecom firm’s intangi ...
India Inc’s revenue dropped marginally in the September quarter, the first decline in nine quarters, reflecting demand-side woes, destocking of piled- ...
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Vodafone Idea and Bharti Airtel have raised doubts over their ability to continue as going concerns while posting unprecedented losses of Rs 50,921.9 ...
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The labour ministry plans to drop its proposal to corporatise the Employees’ Provident Fund Organisation (EPFO) and instead dust off its earlier propo ...
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The chain’s owner, Coffee Day Enterprises, has kicked off the process by appointing IDFC Securities as the banker as it looks to pare Rs 4,980-crore d ...
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As part of its efforts to improve compliance, the government is set to lower penalties under the Companies Act, while offering concessions to startups ...
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India’s wholesale inflation eased to 0.16% in October, its lowest in more than three years, on the back of a fall in prices of fuel and manufactured g ...
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Aditya Birla Group will not infuse any fresh equity into Vodafone Idea Ltd, its telecom joint venture with Vodafone Group of UK, and let it opt ...
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Infosys has strongly refuted charges of disclosure lapses pertaining to a recent whistleblower complaint received in September. Lawyers dealing with ...
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Low cost carrier SpiceJet on Wednesday reported widening of loss to Rs 462.6 crore in the three months ended September, mainly hit by expens ...
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The Department of Telecom on Wednesday shot off notices to financially crippled mobile operators, including Bharti Airtel and the joint venture Vod ...
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Retail price based consumer inflation spiked to 16-month high of 4.62 per cent in October on costlier food items, reducing the headroom for a rate cut ...
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Economic slowdown has bottomed out, but India Inc is still facing difficulties in getting credit, Assocham president BK Goenka told ET. He said the re ...
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Fraud-hit CG Power and Industrial Solutions on Tuesday said it has asked companies linked to promoter Gautam Thapar among others to return over Rs 3,3 ...
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The committee, which comprises all financial creditors of IL&FS, approved Career Point Publications’ bid with more than 78% votes through an e-vot ...
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The Committee of Secretaries (CoS) is likely to recommend a reduction in the licence fee paid by telecom companies and allowing a two-year moratorium ...
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The mandate, intended to motivate the top management and make it more responsible, may instead end up reducing the lure of banking sector among ...
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The finance minister urged states to dismantle Agriculture Produce Marketing Committees (APMC) and switch to National Agriculture Market (eNAM), which ...
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The government is considering a formula for distributing the proceeds of insolvency resolution among financial and operational creditors ...
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Confederation of Indian Industry has urged the government to drop a proposal to lower the threshold for companies to employ welfare officers, saying t ...
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The weakest performance in seven years, due to output decline in manufacturing, mining and electricity sectors, according to official data released ...
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The government is likely to pay Air India’s dues worth Rs 22,000 crore to vendors such as airports and oil companies before putting up the airline f ...
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The defence ministry will be earmarking at least Rs 500 crore for its Innovations for Defence Excellence (iDEX) initiative and will try to brin ...
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IT spending in India is forecast to cross USD 94 billion in 2020, up 6.6 percent from $88.5 billion in 2019, research firm Gartner said on November 11 ...
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Four large banks — State Bank of India, HDFC Bank, Axis Bank and ICICI Bank — are dominating the retail digital payments business, riding on the Unifi ...
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BoB integrates 30k employees of Vijaya, Dena Banks To begin with, BoB brought the entire set-up under a four-tier structure that it originally had, cr ...
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The product development collaboration between Pune-based Bajaj Auto and British company Triumph Motorcycles has been unaffected by the multiple dela ...
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Most public sector banks have held back from making bad loan provisions of advances to troubled housing finance company despite the account being ‘red ...
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A day after prime minister Narendra Modi claimed that the fundamentals of the economy remain strong, rating agency Moody’s Investor Services on F ...
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The Department of Telecommunications (DoT) has estimated that an increase of 10% in realizations from subscribers — by raising phone bills — may yield ...
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The government may stop urban co-operative banks (UCBs),registered under the Multi-state Co-operative Societies Act, from calling themselves banks as ...
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From January 2020, banks can no longer charge savings bank account holders for online transactions in the NEFT system. The Reserve Bank of India (RBI) ...
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MUMBAI: IDBI Bank on Friday reported its 12th successive quarterly loss of Rs 3,458 crore for the quarter ended September 2019, marginally lower than ...
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NEW DELHI: The slowdown in the car market and pressure on Maruti’s sales is prompting its Japanese parent Suzuki to go slow in its India expansion.Aft ...
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Union Finance Ministry on Thursday said that any stalled real estate project will get maximum of ₹400 crore from special fund. Also, dwelling unit wit ...
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Commerce and industry minister Piyush Goyal has warned ecommerce companies of strict action if they don’t halt predatory pricing on their platforms, f ...
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Finance Minister Nirmala Sitharaman on Thursday reviewed the state of economy including stress in the financial sector at the meeting of the Financial ...
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Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway. P ...
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The move comes after the Insurance Regulatory and Development Authority (IRDAI) observed a constant deterioration in the solvency margin of Reliance H ...
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Keen to spread its wings in India, Qatar Airways on Thursday said it unconditionally open to bid for divestment-bound Air India or pick up a stake in ...
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Infosys Chairman Nandan Nilekani said that even God can't change the earnings of the company. He was responding to whistleblowers' plaint that have ma ...
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Tata Trusts has informed income tax authorities that it does not need exemptions to carry out charitable activities. This was stated by Tata Trusts in ...
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The impact of the Supreme Court order on the definition of adjusted gross revenue (AGR) may not be restricted to telecom companies. It could also have ...
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Enrolment in Ayushman Bharat and services provided to beneficiaries under the scheme will now be a major parameter for ranking states on the Niti Aayo ...
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The government has notified a new rules framework for investments through nondebt instruments making it clear that finance ministry will be the notify ...
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The government on Wednesday cleared a fund with an initial corpus of 25,000 crore to revive 4.6 lakh housing units in 1,600 projects with "positive ne ...
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Suzuki Motor Corporation (SMC) has revised the FY20 sales forecast of its Indian subsidiary Maruti Suzuki and said sales will plunge 20% on back of a ...
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The Telecom Regulatory Authority of India (Trai) appears to be pushing back against the suggestion that a floor be put in place for voice and data rat ...
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Commerce and industry minister Piyush Goyal on Tuesday said that India is out of the Regional Comprehensive Economic Partnership (RCEP) trade agreemen ...
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India’s service sector activity declined for the second straight month in October, the first back-to-back reduction since the second quarter of 2017-1 ...
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To rein in incidents of frauds that take place in converting physical shares into demat, Sebi on Thursday put in place se several extra layers of chec ...
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High prices and falling disposable incomes due to the economonic slowdown put a damper on gold demand in the country. The yellow metal saw a 32% yearo ...
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The Reserve Bank of India (RBI) has refused to relent on its guidelines requiring chief executives of private banks to mandatorily retire at the age o ...
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The income tax (IT) department has cancelled registrations of six Tata Trusts with “immediate effect”, the foundation said in a statement.
Accordin ...
India’s manufacturing activity hit a two-year low in October as new orders and output increased at a slower pace, making business confidence slip to i ...
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Passenger car makers across the board reported better retail sales in October as steep discounts and offers revived consumer sentiment in the month do ...
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The festive season has brought some cheer back to real estate developers, who said they have seen 15-25% increase in sales during Diwali. According to ...
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Retirement fund body, Employees' Provident Fund Organization, has launched a facility for formal sector workers to obtain universal account number on- ...
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In the largest layoff exercise ever in the Indian IT sector, Cognizant will part with some 18,000 people in the coming months.
About 6,000 of these ...
A World Trade Organization (WTO) panel ruled against at least five of India’s export promotion schemes, saying it was granting prohibited subsidies in ...
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India’s core sector output contracted 5.2% in September, posting its worst performance in 14 years and suggesting that the economy may have slumped fu ...
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IL&FS India Realty Fund (IIRF), a private equity arm of the debt-laden Infrastructure Leasing & Financial Services, has approached the dedicat ...
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India is playing hardball to protect its interests in the Regional Comprehensive Economic Partnership (RCEP) trade agreement ahead of the meeting of t ...
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The government is not considering any gold amnesty scheme as part of efforts to unearth unaccounted wealth stashed in the form of yellow metal.
The ...
Diwali brings yet another reason to invest in property. Since the festival holds special significance and is considered auspicious, there is definitel ...
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The battle for domination in the digital payments space has caused a collective loss of over Rs 7,283 crore ($1.03 billion) between Soft Bank-backed P ...
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The government is unlikely to offer fresh concessions to investors by way of reducing dividend distribution tax (DDT) and capital gains tax, arguing i ...
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Uttar Pradesh has estimated that the state will suffer a loss of Rs.13,500 crore in 2022-2023 due to implementation of the Goods and Services Tax. Pre ...
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After growing at a very slow rate in its first five years of operations, AirAsia India plans to expand its fleet more than fourfold to 100 aircraft in ...
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The Competition Commission of India (CCI) on Wednesday approved a proposed $300 million investment in homegrown ride hailing platform Ola and its elec ...
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Consumer credit in the quarter ended June grew at a slower pace than a year ago while some loan accounts older than a year showed signs of stress with ...
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The National Highways Authority of India (NHAI) is firming up a strategy to prioritise land acquisition for projects that are set to be awarded over t ...
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The Committee of Secretaries under the Cabinet Secretary will examine all aspects of the financial stress faced by India’s telecom service providers ...
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India’s largest airline IndiGo has placed an order for ...
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A high-level advisory group (HLAG) on trade and policy has recommended simpler regulatory and tax framework for overseas investment funds, allowing ...
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Corporate affairs minister Nirmala Sitharaman on 29.10.19 exhorted India Inc to expand its corporate social responsibility reach to poor states like ...
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The government has virtually ruled out a reduction in personal income tax, including in the forthcoming Budget, with well- placed sources citin ...
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Billionaire Mukesh Ambani on 29.10.19 said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help ...
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HINDUSTAN ZINC LTD. has reported financial results for the
period ended September 30, 2019.
Financial
Results (Q2 FY19-20) - QoQ Comparison< ...
Tata Sons will infuse Rs 6,500 crore into Tata Motors&nb ...
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he board of Reliance Industries...
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Facing over Rs 21,000 crore liability in interest and penalty alone after a Supreme Court ruling on the definition of telecom revenues, Vodafone& ...
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Expecting a spike in Delhi's air pollution in the coming days, the central government has directed Haryana and Punjab to stop stubble burning comple ...
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Dhanteras glitter was missing from retail sales of gold and silver this year as nervous consumers stayed away from heavy purchases, owing to poor econ ...
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The Supreme Court Thursday ruled in favour of the government on recovering adjusted gross revenue (AGR) of about Rs 92,000 crore from telecom servic ...
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Infosys, India's IT major, wants the probes into the company's alleged 'irregularities' to be completed with soon, according to news reports. ...
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India has risen 14 places in the World Bank’s latest ...
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With sales volumes almost halving in the past four years, Ho ...
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Infosys Ltd’s regulatory problems mounted after a US law firm filed a suit against the company on behalf of American investors, seeking damages for ...
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Bank shares took a beating after supreme court ordered telecom companies to pay Rs.92000 crs. to the govt. Share of SBI fell 5% on fears of more provi ...
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In the biggest reform in fuel retailing sector in almost two decades the government on 23.10.19 opened up fuel retailing norms, allowing non-oil ...
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Sebi and BSE have sought clarification from tech giant Infosys Ltd for not disclosing information regarding the whistleblower complaint. "Infosys Lt ...
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The income tax department has unearthed alleged tax evasion to the tune of Rs 1,000 crore after it raided a Delhi-based business house that is under ...
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India will merge its twin state-run telecom companies in an effort to turn around the money-losing firms, which it considers core assets. The str ...
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Indian govt. has identified certain agricultural products where India is self sufficient and wants to protect its farmers, as well as, animal feed tha ...
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Microsoft's revenue in India has crossed $1 billion with robust growth from cloud and cloud based services in a market where competition is fierce wit ...
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International Rating agency Standard & Poor (S&P) has said that the risk of contagion is rising in the financial sector and the failure of a l ...
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The Infosys whistleblower letter dated September 20 has raised suspicions of insider trading. Over September 20-25, the Infosys stock witnessed heavy ...
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After its grand launch last year, the India Post Payments Bank (IPPB) is struggling to survive with mounting salary bills and very little business.
...
Dewan Housing Finance Corp Ltd (DHFL) may offer to buy back bonds held by mutual funds at a discount to ensure near unanimity among lenders and allow ...
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Japan’s largest automaker Toyota Motor Corporation (TMC) is working closely with Suzuki Motor Corporation (SMC) to introduce a compact battery electri ...
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The government will soon make changes to the definition of a micro, small and medium enterprise (MSME), which will make way for uniformity for the pur ...
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The National Highways Authority of India has created a pipeline of projects worth ₹8 lakh crore which will be awarded over the next three years, as th ...
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The Indian Railways is in the process of transitioning to semi-high speed and high-speed network routes only, with train speeds of 160 and 320 k ...
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Private brands and digital payments businesses of online giants Amazon and Flipkart have come under the government scanner with the department for pro ...
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International air travel to and from India in the first six months of this year has grown by just 1%. The collapse of Jet Airways — which had been the ...
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Walmart chief executive Doug McMillon has written to Prime Minister Narendra Modi, seeking certainty and predictability in India’s business environmen ...
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Infosys’ ADRs opened 14% down on the NYSE on Monday as investors reacted to concerns raised in a whistle blower letter that alleged “unethical steps” ...
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Electric two-wheeler sales under a government incentive programme crashed by 94% in the first six months of FY20 after policy changes led customers to ...
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The country’s largest lender, State Bank of India, has sought immediate government intervention to salvage gas-based power plants with total capacity ...
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India’s upcoming foreign trade policy is likely to ease the norms for import of raw materials and capital goods for exporters in a bid to provide a bo ...
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China’s policy makers are preparing for two key meetings in the coming weeks with fresh evidence that sooner rather than later, the number for gross d ...
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Weeks after it eased the foreign direct investment (FDI) regime, the government has begun a fresh review for further liberalisation of sectoral caps a ...
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Despite a severe slump in auto sales, higher penalties under the new vehicles Act led to a surge in third-party motor insurance purchases in September ...
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Early trends in quarterly results show resilient double-digit growth in aggregate net profit aided by the recent corporate tax cut. However, lack lust ...
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The new buyer of Air India, which the government hopes to sell shortly, will get the master brand and logos associated with the state-owned airliner, ...
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Experts have hailed the draft guidelines for setting up authorized vehicle scrappage facilities released by the road transport and highways ministry l ...
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The Employees’ Provident Fund Organisation (EPFO) may soon give members an option to start drawing their pension once they turn 60 instead of 58 curre ...
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India became a net importer of copper for the first time in 18 years in 2018-19 as the closure of Vedanta’s copper smelter in Tuticorin wiped out more ...
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Markets regulator Sebi has toughened disclosure norms for auditing firms to bring in transparency and protect investors from sudden auditor exits.
...
The members of the Reserve Bank of India’s monetary policy committee were unanimous in their concern over the growth slowdown which led them to keep r ...
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Reliance Industries Ltd reported an 18.3% rise in quarterly net profit as robust growth in its retail and telecom ventures more than made up for highe ...
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Nationalist Congress Party (NCP) leader Praful Patel, whose firm Millennium Developers is being probed in a property related deal allegedly involving ...
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The Bombay High Court has directed the income tax department to refund Rs 788.39 crore to Vodafone Idea Ltd. (VIL) within three weeks, bringing some r ...
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The National Highways Authority of India (NHAI) will soon call a meeting of public and private sector banks looking to ensure that there are sufficien ...
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Madhya Pradesh is ready to take any unorthodox step to help the corporate sector invest and create jobs, chief minister Kamal Nath said at an investor ...
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The battle between IndiGo’s founder-promoters Rahul Bhatia and Rakesh Gangwal over controlling India’s largest airline has taken a turn for the worse. ...
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Media mogul Subhash Chandra is considering legal options against a bank that adjusted flagship Zee’s Rs 200-crore fixed deposit against dues of certai ...
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At a time when the pace of economic growth has slowed, Marriott, which emerged as the largest foreign chain in India with 119 hotels, will open six pr ...
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Hindustan Unilever Ltd (HUL), the country’s biggest consumer products company, said the trade — especially wholesale and smaller retailers — is facing ...
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The government is all set to repay a big chunk of Air India’s loans, removing a key hurdle in the privatisation of the stricken public sector carrier ...
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Many state-run oil companies are unlikely to switch to the lower corporate tax regime this year as it would lead to a loss of accumulated tax credit w ...
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Farmer and civil society organisations on Wednesday questioned the government about the benefits of
the proposed Regional Comprehensive Economic Pa ...
Public sector banks (PSBs) saw their “worst phase” under the “combination” of former Prime Minister Manmohan Singh and RBI ex-governor Raghuram Rajan, ...
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Railway minister Piyush Goyal has ruled out privatising the national transporter till BJP is in power and said the government was exploring ways to br ...
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Investors may be rejoicing Indian Railway Catering and Tourism Corporation’s (IRCTC’s) blockbuster listing, but the railways is not happy with the pri ...
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Tata Motors, which owns Jaguar Land Rover (JLR), said it is open to finding partners for the automaker but isn’t planning on selling the embattled uni ...
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State-run banks are set to implement doorstep banking for millions of consumers — including the facility to deposit and withdraw cash — making life ea ...
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The iconic Bajaj Chetak is back, but in an electric avatar.
Bajaj Auto, which exited the scooter segment years ago, has made a comeback in the cate ...
The week ended October 4 saw currency in circulation jump to Rs 22 lakh crore — an increase of Rs 19,699 crore. The growth in the value of currency ha ...
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Reserve Bank of India (RBI) governor Shaktikanta Das came under pressure at the bank’s board meeting last week, with two external directors questi ...
Revenue secretary Ajay Bhushan Pandey has said the government is well on track to meet its tax targets even after the significant cut in corporate tax ...
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The International Monetary Fund cut its estimate for India’s growth this year to 6.1% from 7% projected in July, calling on the country to use monetar ...
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India’s exports contracted 6.57% in September as shipments of petroleum, engineering, gems & jewellery and chemicals fell. Imports declined 13.85% ...
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Commerce and industry minister Piyush Goyal has described the ongoing economic slowdown as a structural adjustment, periodic in nature, and said that ...
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Wipro reported a 3.8% constant currency revenue growth in the second quarter as its banking, financial services and insurance (BFSI), communications a ...
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Lenders led by SBI have taken a call that, in instances of fraud, rather than report the entire loan amount as a fraudulent one, banks will only repor ...
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Retail inflation rose to a 14-month high in September on the back of rising food prices, while wholesale inflation dipped to a 39-month low during the ...
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In partial relief for depositors of Punjab and Maharashtra Cooperative Bank, the Reserve Bank of India has hiked the withdrawal limit to Rs 40,000 fro ...
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The National Company Law Appellate Tribunal (NCLAT) directed the Enforcement Directorate (ED) to release assets of Bhushan Power and Steel Ltd. (BPSL) ...
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An ongoing probe against Jet Airways founder Naresh Goyal has revealed that the grounded carrier entered into illegal agreements with related offshore ...
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Differences between regulators such as the Reserve Bank of India and the Securities and Exchange Board of India may delay or possibly even scupper res ...
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Finance minister Nirmala Sitharaman has said banks have sufficient liquidity, and efforts are being made to ensure that large firms clear their dues t ...
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India’s insistence on providing a safety valve to cover at least 50% of Chinese imports under Regional Comprehensive Partnership (RCEP), the proposed ...
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India’s most valued startup at over $10 billion, Paytm, has begun talking of improving margins as loss-making private internet companies across the wo ...
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The government is set to decriminalise two thirds of offences under the Companies Act as it looks to do away with jail term in over 40 sections out of ...
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The Prime Minister’s Office is keeping close tabs on developments related to fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank.
The Reserve B ...
The Enforcement Directorate’s (ED) move to attach the properties of Bhushan Power & Steel (BPSL) is a “vindication” of its stand.
India’s secon ...
The Employees’ Provident Fund Organisation has supported a labour ministry proposal to allow its subscribers switch to the National Pension System but ...
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The World Bank has sharply cut India’s growth forecast for current fiscal to 6%, down from 7.5% forecast in April, and said the main policy challenge ...
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Lakshmi Vilas Bank’s (LVB’s) proposal to merge with Indiabulls Housing Finance would have been catastrophic to the amalgamated entity, union members o ...
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The slowdown in three sectors — automobiles, cement and iron & steel — along with falling imports have taken a toll on GST collections, even as th ...
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Oracle on Friday launched cloud data centres in India, a service that will compete with Amazon’s AWS and Microsoft’s Azure platforms.
The first clo ...
A day after the GST Council set up a committee to identify measures to augment revenue from goods and services tax collection, the Centre on Friday as ...
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Digital multinationals such as Facebook, Google, Uber and LinkedIn with operations in the country may create new domestic companies, change the owners ...
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Most analysts cut their target price on Tata Consultancy Services (TCS) after the company reported a softer-than expected set of numbers for the quart ...
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Retail sales of vehicles improved last month, bringing some respite to the industry that has been witnessing sales slowdown for more than a year, even ...
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The Supreme Court has disallowed the income tax department’s bid to reassess the accounts of Deepak Kochhar-owned NuPower Renewables to investigate an ...
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Ratings agency Moody’s Investors Service has cut India’s economic growth forecast for 2019-20 to 5.8% from 6.8% saying the country now faces a broad-b ...
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Two years after its launch, the Union government has begun the biggest review of GST—including a possible resetting of rates along with a scrutiny of ...
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FM , who met protesting depositors of the failed Punjab and Maharashtra Cooperative (PMC) Bank in Mumbai on Thursday, said that the government is cons ...
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The Centre will miss the fiscal deficit target of 3.3% of gross domestic product set in the Budget for the current financial year, a top policy advise ...
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Coming out strongly in support of depositor protection, HDFC chairman Deepak Parekh on Thursday said there was no greater cardinal sin in fi ...
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Three public-sector lenders — Bank of Baroda, Union Bank of India and Syndicate Bank — have taken the first steps in transparently segregating retail ...
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IT firms are looking to develop talent willing to learn languages other than English, to cater to non-English-speaking markets such as Japan and Germa ...
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Multiplexes are expected to report double-digit revenue and net profit growth for the September 2019 quarter (Q2) despite weakness in advertising reve ...
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Liquidity in the banking system surged as much as Rs.2.7 lakh crore last Friday amid sluggish consumption demand even as it is creating a platform for ...
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The largest emerging market economies like India are experiencing a pronounced effect of the global downturn, warning that the global economy is witne ...
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Multinational enterprises (MNEs) such as Google, Facebook, Amazon and Netflix, which have a huge consumer base in several countries but no physical pr ...
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The Mumbai Police have told a local court that Housing Development and Infrastructure (HDIL) promoters had diverted ₹90 crore taken as loans from Punj ...
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Bharti Airtel has raised $750 million (₹5,325 crore) through subordinated perpetual security bonds issued by its wholly-owned subsidiary Network i2i L ...
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The government has identified hundreds of products including electronics, toys, blankets and several daily-use items for possible “import substitution ...
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The second attempt to privatise Air India is likely to kickstart next month. Before issuing the expression of interest (EoI), the government will this ...
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Himalayan, Aquafina and Bisleri have an unfamiliar rival — hotel-produced bottled water.
Luxe lodging brands have started setting up plants to manu ...
The government is actively considering introducing a short, time-bound, online financial bidding process in corporate insolvency cases to improve tran ...
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India is in the process of framing a recycling policy for lithium-ion batteries being used in electric vehicles and offer tax sops to recycling entiti ...
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The government is considering extending special loans to state power distribution companies to help clear their rising dues to power generators. Disco ...
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The Serious Fraud Investigation Office (SFIO) has asked India’s top law firms and consultants to disclose all information they have on IL&FS, the ...
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You may no longer need to interact with your quintessential assessment officer in person. Taking a big leap towards transparent tax administration, ...
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Indian companies have a new agenda --
making sure employees, especially millennials, manage their finances better.
Myntra, Wakefit.co, big ...
The National Company Law Tribunal’s (NCLT) Mumbai bench has ordered a fresh round of bidding for stressed auto forgings company Metalyst Forgings af ...
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We often feel that youngsters are wasting their time on Instagram or Twitter, but we might want to correct ourselves. Because top information techno ...
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While bank credit numbers have been weak in FY19, broader data released by the Reserve Bank of India (RBI) shows that financing of business shrunk 8 ...
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While bank credit numbers have been weak in FY19, broader data released by the Reserve Bank of India (RBI) shows that financing of business shrunk 8 ...
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There are definite signs of a chill in sales this festive season, in line with the slowdown in India’s consumption engine. But there are brands and se ...
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Plastic is fast becoming part of the performance metrics for top management in consumer facing companies as they are evaluated on the product’s packag ...
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Investing in mutual funds without the aid of a distributor — or the direct mode — has shown pronounced improvement in the past five years. Total inves ...
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In a double bonanza of sorts for IT and telecom sectors, companies that have approvals under the M-SIPS scheme and start operations between October 1 ...
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The finance ministry will kick-start the exercise to prepare annual Budget for 2020-21 from October 14 which, among other thing, will have to address ...
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Lenders to HDIL will have to classify their loans to the developer as fraud and will need to set aside more money for these advances in their balance ...
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Ahead of a proposed move to fully privatise state-owned fuel retailer Bharat Petroleum Corp (BPCL), the government had quietly repealed the legislatio ...
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The RBI on Friday announced a host of measures to boost digital payments, including Nandan Nilekaniproposed Acceptance Development Fund (ADF) to pay f ...
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New home loan borrowers are set to immediately gain from the latest round of rate reduction by the RBI, but existing borrowers can get the benefit of ...
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Amazon’s India unit and Flipkart, owned by US retail major Walmart, further cemented their control on the local online retail market. Both saw increas ...
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The war of words over call ring spans has escalated between Reliance Jio Infocomm and the two older carriers — Bharti Airtel and Vodafone Idea — with ...
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The Bombay High Court has extended its earlier order that restrained Dewan Housing Finance Corporation (DHFL) till October 10 from making further paym ...
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The Economic Offences Wing (EOW) of the Mumbai Police on Friday arrested Shrawan Jalan and Amit Kabra, audit partners of SV Ghatalia & Co, the sta ...
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All imported and locally-made medical devices will have to meet certain standards of quality and efficacy to enter the Indian market. The government h ...
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Shares of Yes Bank rallied 33% on Thursday to close at Rs 42.6 on the BSE after a five-day fall. Shares gained after the bank CEO assuaged investors t ...
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The numbers of bot millionaires, including in India, are rising rapidly as valuations of robotic process automation (RPA) firms like Ui-Path and Blue ...
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Venture capital (VC) firm Accel, one of the top startup investors in the country, is looking to raise $600-700 million for its sixth India fund at a t ...
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Rakesh and Sarang Wadhawan, the promoters of Housing Development and Infrastructure Ltd (HDIL), were arrested on Thursday in the first detentions over ...
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Two big twists were added over two days to the already complicated 5G-Huawei issue. On Thursday, Bharti Enterprises chairman and telecom heavyweight S ...
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The labour ministry will rework the draft social security code again, after the Prime Minister’s Office (PMO) pulled it up over the proposals that did ...
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The government has roped in Grant Thornton to carry out forensic investigations into the fraud-hit Punjab & Maharashtra Co-operative (PMC) Bank, s ...
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Bharti Enterprises founder and telecom czar Sunil Mittal along with a clutch of other institutional shareholders of fraud-hit CG Power & Industria ...
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Fast-tracking norms for creation of formal scrapping centres, the government will soon announce a voluntary vehicle scrappage policy to set out a clea ...
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The Central Board of Direct Taxes (CBDT) has launched a computer-generated documentation identification number (DIN) system which provides for a trans ...
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Capital flows to startups continued at an increased pace in the latest quarter as global investors carried on signing huge cheques for entrepreneurs b ...
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A circular issued by the Central Board of Direct Taxes (CBDT) on Wednesday dashed the hopes of those companies who wished to opt for the lower headlin ...
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Some banks have voiced their concern to the Reserve Bank of India (RBI) over the maturing letters of credit (LCs) issued by the failed Punjab & Ma ...
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The Reserve Bank of India (RBI) is examining all large loans made by Punjab and Maharashtra Cooperative Bank (PMC), including to troubled real estate ...
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Bharti Airtel and Vodafone Idea reduced the ring duration for outgoing calls from their networks to 25 seconds from 35-40 seconds to match that of Rel ...
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India’s top two ecommerce marketplaces, Amazon and Walmart-owned Flipkart, have steered clear of deep discounting and influencing prices of products i ...
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Passenger vehicle sales continued to slide in strong double-digits last month as uncertainty over GST rate cut on automobiles, weak market sentiment a ...
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Restaurant discovery and food delivery platform Zomato said on Tuesday that revenue for the first half of the ongoing financial year jumped over three ...
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The Delhi High Court on Tuesday admitted a plea by Indiabulls Housing Finance of alleged perjury committed by petitioner Prashant Bhushan, which helpe ...
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Corporate heavyweights like HUL, Nestle, P&G, Samsung, LG as well as big F&B businesses may soon face a strict plastic usage regime. The gover ...
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Fears about the health of the NBFC sector, which in turn could impact the banking industry, pulled the sensex down by 700 points in late trades on Tue ...
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Banks have lent close to Rs 40,000 crore to finance companies during the first five months of the current fiscal as credit demand slipped, with credit ...
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Financial services company Reliance Capital (RCap) will exit the lending business, group chairman Anil Ambani said on Monday, sending its shares to an ...
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Bharti Airtel plans to raise about $750 million (about Rs.5,300 crore) through the sale of overseas bonds to refinance debt and free up cash to invest ...
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The country’s two largest carmakers Maruti Suzuki and Hyundai Motor India are looking to revive their exports after years of neglecting that market to ...
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SpiceJet on Monday said that it will also be operating Jet Airways’ four Boeing 737 MAXs, once the regulators allow operation of these aircraft, which ...
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Companies such as Larson & Toubro, Schneider Electric India, Dabur and ITC are looking at funding key research works in top institutions in the wa ...
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Domestic natural gas price fell 12.5% and the price cap for gas from difficult fields declined 9.5% in the six-monthly revision on Friday, in line wit ...
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RBI is widely expected to cut rates by at least 25 basis points despite concerns over fiscal deficit, oil prices and food inflation. The expecta ...
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The government may seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of the financial year to meet its fiscal deficit tar ...
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Suspended MD of Punjab and Maharashtra Cooperative (PMC) Bank Joy Thomas has reportedly admitted to the RBI that the bank’s actual exposure to t ...
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New contract manufacturing outfits can avail of the 15% corporate tax scheme but companies that opt for the 22% tax regime won’t be eligible for accum ...
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Lenders may convert part of Dewan Housing Finance Corp. Ltd’s debt into 51% equity while nonbank entities such as mutual funds face losses of 40% or m ...
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The Indiabulls Group, which is actively chasing its merger with Lakshmi Vilas Bank, has indicated that if the Reserve Bank of India (RBI) wishes, then ...
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The electricity tribunal has ruled that state regulators cannot alter tariffs determined through competitive bidding, which would have implications fo ...
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A resolution professional will chair and address the shareholders of the Anil Ambani-run bankrupt Reliance Communications at the annual meeting with s ...
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Brick-and-mortar retailers have urged the government to curb the practice of etailers forging exclusive tie-ups with smartphone makers and offering lo ...
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Dewan Housing Finance Corporation (DHFL) has offered to repay investors in full without any haircut over a period of time but has sought their consent ...
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India may cut or eliminate tariffs on 80% of products imported from China under a 16-country free trade agreement, the last round of negotiations for ...
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Domestic rates of petrol and diesel have risen by Rs.2-2.5 per litre in a fortnight since the drone attack on Saudi oil facilities sent international ...
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Returning clothes bought online is not only an unnecessary burden for customers, but it is also a huge business loss for etailers. To address this iss ...
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A couple of years ago, ITC Hotels conducted a study to map the plastic items in use across hotels. While they had already done away with use of single ...
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The RBI inspection completely missed both violation of exposure norms by Punjab & Maharashtra Cooperative Bank (PMC) and non-classification of its ...
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India’s capital markets regulator said that mutual funds can’t enter into any kind of ‘standstill agreement’ with their borrowers, reiterating the pri ...
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Reliance Jio has increased to 25 seconds the ring duration for outgoing calls from its network. But Bharti Airtel and Vodafone Idea are not pleased wi ...
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RBI study group has recommended sticking to the current liquidity mechanism that aims to ensure overnight call money rates remain as close as possible ...
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Bank of Baroda (BoB) estimates that it will save Rs 9,500 crore through cost rationalizations, sale of overlapping assets and revenue synergies with t ...
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Metal stocks are unlikely see any major run-up after the corporate tax cuts as they are not expected benefit in the short term. Most of the metal comp ...
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Private sector banks have said that there is no problem of liquidity and enough demand for loans exists, FM Nirmala Sitharaman said on Thursday, while ...
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Canadian real estate investor Brook field has moved a step closer to buying Hotel Leela venture’s assets after the Securities Appellate Tribunal (SAT) ...
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At a time when the larger Indian auto market passes through one of its worst slowdowns in history, the super-luxury market appears to be driving stead ...
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Media mogul Subhash Chandra has got some more time to settle loans after lenders agreed to extend the September 30 repayment deadline. Thoug ...
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The country’s largest carmaker Maruti Suzuki on Wednesday cut prices of select models by ₹5,000 to share the benefits of the reduction in corporate ta ...
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Hero MotoCorp, India’s largest two-wheeler manufacturer, is eyeing sales growth of 10% in the upcoming festive season even as the industry continues t ...
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The United Nations Conference on Trade and Development (UNCTAD) has forecast India’s growth to moderate to 6% in 2019 from 7.4% in 2018 due to lower-t ...
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Indian stocks Wednesday mirrored the weakness in global equities triggered by an impeachment probe into US President Donald Trump, even as the lack of ...
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Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Ser ...
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Oil extended declines as Saudi Arabia was said to be ahead of schedule in restoring its output capacity.Futures lost as much as 2% in New York after d ...
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The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdr ...
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Mumbai stocks have soared , bringing the so-called ‘animal spirits’ back to an equities market that was apparently sinking into coma. Auto stocks, whi ...
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Reserve Bank of India governor Shaktikanta Das said the government’s move to slash corporate tax rates has made India a very attractive destination fo ...
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The government is reviewing the 59-minute loan scheme launched last year for the benefit of micro, small and medium enterprises (MSMEs) to make it mor ...
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Canara Bank, Union Bank of India and Punjab National Bank (PNB), the acquiring banks in the mega mergers announced by the government last month, could ...
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Nearly 3,000 points (8.3%) to the sensex has also made mutual fund (MF) investors rich. Between Friday and Monday, the net asset values (NAVs) of a la ...
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Regulator IRDAI has permitted insurance companies more freedom in revising rates. Insurers can now increase or decrease premiums by 15% depending on t ...
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The Rs.1.45 lakh crore fiscal stimulus rolled out last week will help reverse the economic slowdown and give a push to consumption, Niti Aayog vice ch ...
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Promoters of micro medium and small enterprises (MSME) going through insolvency proceedings can take another shot at running their companies, based on ...
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PricewaterhouseCoopers (PwC) India is challenging the ₹230 crore fine slapped by Enforcement Directorate (ED) for allegedly violating various provisio ...
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Thomas Cook, the world’s oldest travel company, collapsed on Monday, leaving some 6,00,000 holidaymakers stranded across the globe and sparking the Br ...
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Markets regulator Sebi on Monday fined domestic pharma major Aurobindo Pharma (APL), along with its promoters and related entities, Rs 22.7 crore in a ...
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Maruti Suzuki is considering vehicle price revisions following the cut in corporate tax rates, though Hyundai, Toyota and Honda have said that existin ...
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At a time when the real estate market is in a slump, half a dozen affordable housing projects financed by HDFC’s $1.1-billion real estate fund have so ...
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The RBI may cut the benchmark rate by up to a quarter percentage point in October against an anticipated 25-40 basis points after FM announced a host ...
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Finance minister Nirmala Sitharaman has ruled out any cutback in expenditure, allaying apprehensions sparked by hefty corporate tax rate cuts, and sai ...
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The preference for ready-to-move-in apartments in the backdrop of fears over deliveries is forcing realty developers to tweak their offerings to attra ...
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The Department of Telecommunications (DoT) is asking handset makers who are manufacturing in India to provide the unique identification numbers of the ...
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Consumer goods companies and retail chains are planning to loosen purse strings to attract customers after the government slashed corporate tax rates ...
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FM Nirmala Sitharaman said that any move by US electronic giant Apple and its ecosystem to move some of their manufacturing to India would b ...
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Reliance Capital (RCap), with a debt of about Rs 35,000 crore across the group, has been downgraded to ‘default’ rating by CARE Ratings because of a d ...
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With a lower tax rate for new manufacturers, the government is looking to attract investment flowing out of China following its trade dispute with the ...
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Consumer electronics and handset makers such as LG, Xiaomi, Dixon Technologies and OnePlus said Friday’s tax cuts will boost investments into the ...
Mutual fund (MF) managers are betting on a revival in the economy from the government’s tax incentives to bring in investors at a faster clip. Over th ...
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Listed companies that have announced share repurchase programmes before July 5 of this year could save over Rs 7,000 crore in taxes as the government ...
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1) Cuts in corporate
tax rates from (30%+surcharge+cess) to 22% for domestic Cos
i.e. 25.17% effective tax
rates .
2 ...
Telecom Regulatory Authority of India (Trai) has sought views on the need for a change in the numbering scheme for both mobile phones and landli ...
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Shares of IIFL Wealth and Asset Management, the demerged entity of IIFL Holding, listed at $1,200 on the BSE, beating analyst expectations of $900- $1 ...
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The market regulator has asked Life Insurance Corporation to trim its stake in National Stock Exchange by 5%, as the state-run insurer’s acquisition o ...
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Electric vehicles aren’t a roaring success with car buyers just yet but Tata Motors, the maker of Tiago and Tigor compact cars, believes tax incentive ...
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In a bid to push credit before the festival season and revive growth, the government has asked state-run banks to hold open houses in 400 districts of ...
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Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has started repaying the creditors of three group entities, with outstanding clai ...
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The draft Code on Social Security has proposed that the Centre may formulate social security schemes for gig workers and include life and disability c ...
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India’s consumer goods industry could post its slowest pace of revenue growth in a decade and a half this financial year, Credit Suisse said, even as ...
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Auto stocks have gained 6-11% in the past month on hopes of a possible cut in taxes during the GST Council meet on September20. However, selecting the ...
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labour ministry has proposed to hand over control of the over ₹10 lakh crore corpus of provident fund, pension and insurance schemes under the E ...
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The government is all set to further reduce the provisions that attract prosecution for violation of the Companies Act, while looking to introduce a s ...
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The National Company Law Appellate Tribunal (NCLAT) on Wednesday said it will review the settlement between food major McDonald’s and its estranged In ...
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The government is readying a plan to identify state roads that will be declared as national highways as it embarks on a massive upgrade of the road ne ...
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India’s competition regulator is closely watching the issue of deep discounting by ecommerce players as it gears up to deal with possible anti-competi ...
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India will soon start issuing unique numbers for landholdings as part of an exercise expected to bring transparency and end dubious land ownership.
...
Ecommerce players are scrambling for delivery staff as they gear up ahead of what is the most crucial Diwali in years.
With the two largest online ...
A clutch of India’s most richly valued consumer internet companies will soon petition the country’s market regulator for a revision in rules that gove ...
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The government will not ban use of plastic bottles for water unless there is a practical and affordable alternative available.
The government was e ...
Maruti Suzuki, which makes every second car sold in India, has been hit harder by the slowdown than most passenger vehicle manufacturers. According to ...
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Crude oil jumped 10% on Monday, raising prospects of higher domestic fuel prices, while the government expressed confidence that supplies to Indian re ...
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An interministerial panel set up by the Prime Minister’s Office (PMO) to develop India as a hub for electronics exports will release its policy, focus ...
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The government expects a 30% rise in export credit disbursals by the end of 2019-20 through greater insurance coverage of exporters and easier inspect ...
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Nirmala Sitharaman gets down to preparing her second Budget, she will keep an eye not just on the Centre’s fiscal situation but also the co ...
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Zomato Executives hit the streets protesting the company’s new incentive structure, which offers less money per delivery. Zomato has a ...
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The Indian Institute of Technology Delhi (IITD) is focusing on more industry-led research as part of a strategic shift aimed at improving its domestic ...
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Consumer spending on online shopping sites is estimated to be down by about a fifth in the first half of the year to June as etailers have cut discoun ...
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The first seven days of the current month have already seen retail sales of vehicles drop 31% compared with the year-ago period, an indication t ...
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The road transport ministry has firmed up draft guidelines for ride-sharing by private car owners, which will mandate KYC for users and limit the maxi ...
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New model launches through a broader slowdown have helped India’s no. 2 and 3 passenger vehicle makers — Hyundai and Mahindra & Mahindra — increas ...
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SBI chairman Rajnish Kumar has cautioned lenders against undertaking “selfish steps” without coordinating with other creditors involving a c ...
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Ola Electric Mobility, an arm of the ridehailing major, will raise capital from South Korean automotive giants Hyundai and Kia, according to a filing ...
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Banks and mutual funds scrambled to contain the fallout of the default by Altico Capital, with investor attention turning to non banking finance ...
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State-run firms are enforcing austerity measures such as ending leave encashment and penalising nonperformers with salary cuts, particularly in loss-m ...
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Andhra Pradesh government has told in the high court it has realised that renewable power contracts with developers cannot be terminated and was embar ...
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The Finance Commission could have its “own independent judgement” on growth projections as it finalises the formula for devolution of funds to states ...
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JSW Steel has moved the appellate tribunal to seek immunity from future claims arising from the investigations for alleged money laundering frauds at ...
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India’s exports in August fell for the second time in three months, while imports declined for the third straight month, indicating weak demand in the ...
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Industrial growth picked up pace in July, providing some relief to a government battling to revive the slowing economy and deteriorating consumer sent ...
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Sugar producers have outperformed the broader stock market in the past one month, on expectations that the industry’s prospects would improve followin ...
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The government will soon come up with schemes to offer exporters loans, including foreign exchange credit, at less than 4% interest rate, and enhance ...
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: In a massive nationwide search operation carried out on exporter & their supplier covering 336 locations , nearly 1,200 officers from the Direct ...
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Maruti Suzuki India, may not completely phase out diesel passenger vehicles after stricter Bharat Stage VI emission norms kick in next year.Maru ...
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The government is unlikely to offer GST concessions to the auto sector as it believes that the current slowdown is the result of higher growth i ...
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India’s natural gas market will witness its first e-auction next month when Mukesh Ambani-led Reliance Industries Ltd and its partner UK energy major ...
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Azim Premji and the promoter group of Wipro Ltd have sold stock worth over a billion dollars (₹7,300 crore) in the buyback programme announced by Indi ...
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The Narendra Modi government is set to continue in its second term the policy of not increasing foreign flying rights with countries in West Asia and ...
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Chennai-headquartered warehousing company NDR Infrastructure plans to monetise over 3,000 acres of land parcels across major cities to beef up its por ...
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Uber Technologies is dismissing 435 employees, the second major staff cut this summer, as the company faces mo- unting losses and a declining stock pr ...
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Music-streaming service JioSaavn has received a capital infusion of ₹140.35 crore from parent Reliance Industries, according to documents sourced by b ...
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Nestle, Abbott, and Bata are among a couple of dozen MNC stocks that have bucked recent bouts of volatility in Mumbai equities, pointing to further ou ...
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The National Intelligence Grid (Natgrid) has asked the aviation ministry and the industry regulator to furnish data on domestic passengers flown by In ...
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Investors in mutual fund debt plans, especially liquid schemes, may have to brace for more uncertainty with regard to returns as the Securities and Ex ...
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Housing Development Finance Corp (HDFC Ltd), the country’s largest mortgage lender, is considering a plan to link interest rates to external benchmark ...
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The Gujarat government announced the implementation of the Motors Vehicles (Amendment) Bill, 2019 in the state with some relief in penalties on Tuesda ...
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Telecom major Airtel has added ad agency Leo Burnett to its roster of agencies. Leo Burnett will handle the B2B and B2C services for the brand which i ...
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India’s passenger vehicle sales declined the most in two decades in August due to a continuing slump in demand amid slowing economic activity and an i ...
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India’s telcos are staring at shelling out almost ₹41,000 crore as additional spectrum usage charges if a case on the definition of adjusted gross rev ...
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Morgan Stanley has cut its price targets on shares of lenders with real estate exposure including Edelweiss, Indiabulls Housing, LIC Housing and PNB H ...
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Passenger vehicle sales would revive faster as the price hike for BS-VI petrol version for this segment will be the least.
Investors are expe ...
State Bank of India has cut its fixed deposit rates for the second time in a fortnight, after pressure from the government and the RBI to align lendin ...
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Nissan Motor CEO Hiroto Saikawa will resign on Sept. 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpa ...
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Vistara and Indi-Go are vying for the flying rights of grounded Jet Airways for the lucrative London route. Both airlines have informed the aviation m ...
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The slowdown has forced the Indian auto component industry to hold at least $2 billion (about ₹14,330 crore) investment planned for this year.
Inve ...
Infiniti Retail, the Tata Group’s smartphone and electronic retailing business which owns the Croma stores, plans to raise ₹750 crore from the holding ...
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Lenovo, the world’s largest personal computer maker, said India could become one of its global manufacturing hubs at a time when it is in the cross fi ...
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The country’s largest lender State Bank of India is set to sell 6.6% stake in SBI Life that would boost its capital position as well as help its insur ...
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With the private sector holding back investment in creating additional capacity, the finance ministry sought to push the country’s top public sector c ...
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Online retail majors Amazon India and Flipkart have reached out to a select set of top sellers. The e-tailers have said they are willing to let go of ...
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Car, two-wheeler and truck makers have raised discounts to the highest levels in recent years as they look to perk up demand during the festive season ...
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The Enforcement Directorate (ED) grilled Jet Airways founder Naresh Goyal for more than seven hours on Friday, two weeks after it had searched about a ...
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Retirement fund body Employees’ Provident Fund Organisation (EPFO), which burnt its hands with investments in IL&FS and Dewan Housing Finance Corp ...
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As a resolution continues to evade DHFL, banks that have purchased loans from the troubled housing finance company are concerned that its operations m ...
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Home, auto and personal loan rates may not fall sharply as expected after the RBI’s directive as bad debt-laden banks strive to protect profitability ...
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An Indian bankruptcy tribunal approved JSW Steel Ltd.’s $2.7 billion bid for Bhushan Power & Steel Ltd., making it the second asset the steel make ...
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ET Intelligence Group: Is the current downturn in the auto sector cyclical or structural? The sector’s volume data over the past two decades suggests ...
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The National Highways Authority of India (NHAI) will rely largely on asset monetisation to fund its road construction work and plans to raise more tha ...
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The government may be forced to lower interest rate on small saving scheme such as PPF and NSC when it revive them at end of month as they are not in ...
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SBI will review its existing repo rate-linked home loan following the RBI directive that all retail loans should be linked to an external benchmark. T ...
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Ahead of the crucial Goods and Services Tax (GST) Council meeting on September 20, the finance ministry has begun crunching the numbers to estim ...
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India is set to go ahead with a $3.1-billion deal with the US to acquire maritime aircraft for the Navy that will add to its surveillance capabilities ...
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Amazon is entering offline retailing in India to create an integrated shopping experience for consumers across e-commerce and brickand-mortar stores a ...
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Volkswagen is considering CNG as an alternative fuel for the near future before mobility technology eventually transitions to electric.
If th ...
Wipro has received a long-term $300 million contract from ICICI Bank to provide digital technology-led servicesThe company said that it has secured a ...
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Overseas investors may be selling down Indian equities, but the high yields on bonds and a probability of accelerated interest rate cuts are drawing t ...
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Maruti Suzuki will make all the small cars in its portfolio available in CNG variants to reduce dependence on imported oil and cut down on vehicular p ...
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Manufacturing activity in India slumped to a 15-month low in August as sales slowed, forcing factories to cut back on production, a private survey sho ...
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Value fashion and lifestyle products retailer V-Mart Retail would hire 2,000 people and invest Rs 115 crore this fiscal to expand its footprint, a top ...
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Airtel has launched Xstream Box and Xstream Stick in India to counter JioFiber broadband services that will go commercial from September Reliance ...
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The government is hoping for a 10% jump in tax returns filed by the end of March as many individuals who did not make their annual filings by the Augu ...
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India's Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs.The ...
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The Reserve Bank of India and the Enforcement Directorate are investigating several companies that have received investments from their foreign subsid ...
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Billionaire investor Prem Watsa proposes to invest another $5 billion in India in the next five years, doubling what he’s put in thus far, and says th ...
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Ecommerce companies such as Flipkart, Amazon and BigBasket will have to find alternatives to single-use plastic, as the government is likely to restri ...
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Kedaara Capital is in talks to buy shares in omni-channel eyewear retailer Lenskart through a secondary deal, valuing the company at $1 billion.For Le ...
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The Centre has come to the rescue of India’s domestic ‘agarbatti’ or incense stick industry by bringing in an amendment to the import policy. The ...
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India’s foreign exchange earnings through tourism declined in the first half of this year with a muted growth in the number of India-bound tourists, c ...
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A record 5.65 crore income tax returns were filed up to Saturday, the extended deadline for the annual filing, suggesting that more individuals are no ...
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India announced an extensive consolidation of state-owned banks that will see 10 of them being merged to form four bigger lenders to strengthen a sect ...
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Crisis-hit Dewan Housing Finance (DHFL) board had approved a plan that included converting debt into equity, even as it seeks to sell assets and raise ...
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The revenue department said the 2 % tax deduction at source (TDS) on cash withdrawals of over Rs 1 crore will come into effect from September 1.
Th ...
Tax experts have questioned the mandatory requirement for disclosure of unlisted equity shares in foreign companies by non-residents and not-ordinaril ...
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No hassle and no fear that the car won’t sell after three years. And there is this ease in returning the car to the manufacturer in the buyback scheme ...
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Vodafone Idea (VIL) has lowered its minimum recharge plan threshold to Rs 20, from Rs 35, in the first major change in strategy by new CEO Ravinder Ta ...
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Google security experts uncovered an "indiscriminate" hacking operation that targeted iPhones over a period of at least two years and used websites to ...
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The government wants to exit fully from Air India as it embarks on another effort aimed at divesting the loss-laden carrier after a plan to sell a 76% ...
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The government asked ecommerce marketplaces such as Amazon and Walmart-owned Flipkart to upload on their websites reports from their statutory a ...
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Vehicle makers are pulling out all the stops in a bid to make the most during the festive season, amid a crippling slowdown in the local market. ...
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India’s retail chains are set to increase their marketing and promotional expenditure for the festive season shopping starting next month in an attemp ...
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About 275 systemically important non-bank lenders, which would include entities from the Shriram Group and the Bajaj twins, will face tighter central ...
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ADB President Takehiko Nakao said the transfer of ₹1.76 lakh crore surplus from the RBI to the government is an "appropriate policy" and h ...
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India opened its doors further to foreign direct investment (FDI), diluting the stringent condition of local sourcing for single-brand retail, in cont ...
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Flipkart Group has inked a pact with Authentic Brands Group that grants the Walmart-owned company licensing and distribution rights in India for ...
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IndiGo’s feuding promoters may have decided to bury the hatchet and agree on common goals for the airline, but the complaints filed with the market re ...
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The government’s slew of measures to revive various sectors, including the automobile industry, isn’t just a booster shot for these industries’ stakeh ...
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Reserve Bank of India (RBI) Governor Shaktikanta Das may have ruled out an Asset Quality Review for NBFCs, but an ongoing central bank inspection of t ...
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Amitabh Kant said that the cost of electric vehicles will almost become at par with combustion engine cars in the next 3-4 years, largely owing t ...
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Finance Minister said the government was yet to decide how it would use the funds it is going to get from the Reserve Bank of India.Sources in the gov ...
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Unlisted Indian companies could soon find it easier to raise capital overseas through depository receipts. SEBI is planning a liberalised regime ...
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The rollback of the tax surcharge has put the focus back on FPI favourite stocks, which are looking for some respite and rebound after a relentless se ...
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InterGlobe Aviation’s management sought to assure shareholders that the issue of related-party transactions at the operator of IndiGo airline wasn’t a ...
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Maruti Suzuki chairman RC Bhargava said despite the downturn the company will continue investments in new product development and capacity expansion a ...
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To ease GST related woes for the MSME sector the Finance Minister Nirmala Sitharaman has announced that all pending GST refunds will be paid within 30 ...
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Reliance Jio Infocomm is likely to trigger another wave of price disruption – this time with its plan to roll out affordable cloud-based solutions for ...
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Microland, Pradeep Kar-founded IT services firm, is betting big on industry 4.0 and digitisation of business operations for the next phase of growth.< ...
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Despite measures by the finance ministry to ease the customer onboarding process, or KYC (know your customer), for both banks and non-banking finance ...
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Maruti Suzuki poses a classic dilemma to the average investor on D-Street: Is it a ‘buy and hold’ after a 30 per cent correction from its peak, or doe ...
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Former Union Minister Arun Jaitley, who passed away on Saturday, came in for mention in the Delhi High Court which observed on Monday that the c ...
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Anil Ambani-led Reliance Communications' lenders have decided to send a demand notice to Sweden-based Ericsson, asking the telecom equipment company t ...
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Overseas investors have pulled out a net amount of Rs 3,014 crore from the Indian capital markets this month so far, but the trend may reverse followi ...
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India could have as many as 50,000 registered startups by 2024, as the ecosystem grows and increasingly defines the country’s global identity, said Pi ...
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Just as the fifth edition of the ET Startup Awards kicked off, Union finance minister Nirmala Sitharaman announced a slew of relief measures for a slo ...
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Former finance minister Arun Jaitley was cremated at the Nigambodh Ghat here with full State honours on Sunday in the presence of relatives, top leade ...
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NITI Aayog vicechairman Rajiv Kumar made a strong case for extraordinary steps to deal with the unprecedented stress in the country’s financial sec ...
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The government is moving ahead with listing of two railway PSUs — Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Financ ...
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After clamping down on imports of Chinese e-commerce companies that were illegally shipping goods into India under the guise of ‘gifts’, the govern ...
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Telecom minister Ravi Shankar Prasad has sought urgent relief from finance minister Nirmala Sitharaman for the stressed sector, seeking a cut in le ...
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India’s central bank is buying more US Treasuries of late in a reversal of its earlier strategy, using its reserves of foreign exchange to enhance ...
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BSR & Associates, an associate of KPMG India, has filed a case against the government after the bankruptcy court okayed its proposed removal as au ...
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Sebi on Wednesday approved several recommendations made by the HR Khan Committee to simplify and rationalise the existing regulatory framework for for ...
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The government has no specific deadline in mind for automakers to switch to electric mobility or ban production of petrol and diesel vehicles.“T ...
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Amazon India manager Amit Agarwal said the online retailer was upbeat not only about domestic sales, but also exports. He was responding to media quer ...
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Bharti Airtel is pulling out all stops to take on Mukesh Ambani-led Reliance Jio Infocomm’s home broadband offerings. Come September, the Sunil Mittal ...
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RBI governor Shaktikanta Das had highlighted several indicators of a slowdown in the economy while supporting his argument for an aggressive cut of 35 ...
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Markets regulator Sebi on Wednesday said that it will be mandatory for rated corporates to disclose information on delayed loan repayments and possibl ...
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Tata Sons chairman N Chandrasekaran said the holding company of the $110-billion group has resolved the high leverage at its flagship operating compan ...
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Online food delivery and dine-in aggregators including Zomato have agreed to tone down and rationalise offers they make to their members, including de ...
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The government has decided to review the proposed increase in registration fee of petrol and diesel vehicles amid heavy lobbying from the auto sector ...
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This is a gem of an ecommerce idea — or so GoI wants it to be. A commerce ministry cabinet note proposes that Government e-Marketplace (GeM), the ...
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The finance ministry has initiated a review of India’s free trade agreement framework to assess the impact of such pacts on the overall economy. The v ...
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Banks tend to not report most cybersecurity-related incidents faced by them to law enforcement agencies, nor do they share information about breach at ...
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A rebound in crude prices from recent lows and continued outflows from Indian stock market dragged down the rupee. The broad rise of the US dollar als ...
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Total Union government expenditure as a proportion of the Gross Domestic Product fell from 13.9% in 2013-’14 to 12.2% in 2018-’19.Not only is this fal ...
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A high-level government task force on direct taxes has proposed a rethink on the brackets, review of the surcharges levied on income tax, a regime tha ...
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A leading lobby of foreign portfolio investors (FPIs) has proposed that the government should use the information on ultimate beneficial owners to ...
Aiming to reduce cost of capital for businesses, the government has removed the requirement that listed companies, non-banking financial companies (NB ...
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A strategy head at an ecommerce company recently backed out of accepting an offer after making the recruiter wait for two-and-a-half months. Another c ...
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Achieving the government target of making India a $5-trillion dollar economy by 2024 from around $2.7 trillion at present would require annual credit ...
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In the month of August, automobile manufacturing plants usually work overtime to build up inventory for the upcoming festive seasons. But this year au ...
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RBI Governor Shaktikanta Das today said that there was no proposal to conduct an asset quality review (AQR) of non-bank finance companies that are fac ...
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The Securities and Exchange Board of India (Sebi) has rejected credit rating agency Icra’s consent application in the Infrastructure Leasing and Finan ...
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“We are heading for chaos,” said a top executive of one of the leading broadcast networks when asked to comment on the latest consultation paper by th ...
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Imagine not having to fill up any details of dividend from mutual funds or gain or loss on equities, and interest income in your income tax return! On ...
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The government has fasttracked the implementation of a highlevel committee’s report on corporate social responsibility that suggested that violations ...
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The government plans to give debt waiver for “small distressed borrowers” under the insolvency law framework. The proposed waiver would be offered as ...
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To help the auto sector tide over stress, the country’s largest lender SBI has extended the credit period of automobile dealers that are facing demand ...
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State Bank of India said it is contemplating extending the benefit of the repo-linked lending rate to the existing home loan borrowers while hoped for ...
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India’s telecom regulator has begun a review of the broadcast tariff regime it implemented eight months ago to address complaints from viewers about h ...
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Amtek Auto is headed for liquidation after the National Company Law Appellate Tribunal (NCLAT) rejected appeals for more time to hammer out a new reso ...
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The decision to punish gas guzzlers and switch to electric power for transportation needs is spawning innovation at a crucial end of the long value ch ...
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Amid allegations of “tax terrorism”, finance minister Nirmala Sitharaman has sought a mindset change in tax officials while advocating a technology-dr ...
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India’s $57-billion auto components industry is expected to face more jobs losses over the next quarter due to the ripple down effect of slumping auto ...
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The government on Friday eased rules for issuing shares with differential voting rights (DVR), allowing those with special category shares to have up ...
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The government's recent decision to give relief to start ups on assessment of angel tax notices would provide a safeguard to them and promote the ...
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Walmart’s international unit saw operating profits fall nearly by 30% to $900 million in the second quarter ended July of the financial yea ...
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The auto industry has reacted with optimism to Prime Minister assertion that there is enough space in the Indian market for both internal co ...
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The finance ministry may soon consult the law ministry on how best to provide relief to foreign portfolio investors (FPIs) from the super-rich surchar ...
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Global private equity major KKR & Co. is set to acquire about 92% of the preschool and school chains that comprise EuroKids, Kangaroo Kids an ...
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Reliance Jio’s chase for half-a-billion 4G customers signals continued pricing onslaught from the Mukesh Ambaniled telco and rules out any early hike ...
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Consumers will soon pay a 5-10% premium on buying washing machines and microwave ovens as white goods makers are planning to roll out starrated energy ...
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Temasek is backing billionaire Ranjan Pai-led Manipal Hospitals’ bid to acquire the heart surgeon Naresh Trehan-promoted Medanta Hospitals with an add ...
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As India readies an electric vehicle (EV) rush, its top component manufacturers are changing gears to capture a share of the EV pie — both at home and ...
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Reliance Industries CMD Mukesh Ambani has said that the Mukesh Ambani has said that the corporate giant will become a “zero net-debt company ...
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In a big blow to Jet Airways’ revival hopes, mining and metal baron Anil Agarwal’s family trust Volcan Investments (VI) has withdrawn its express ...
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Nearly three years after unshackling the telecom industry with dirt-cheap data tariffs and free-voice offerings, Mukesh Ambani is now rollin ...
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Reliance Industries signalled a tectonic shift in its decades-long, successful business model of going it alone by proposing to offload stake in ...
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what could be the biggest legal battle between a company and its auditor, Reliance Capital is all set to file a Rs 10,000-crore defamation suit ...
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Sales of residential units in top cities were nearly flat in the first quarter, even as launches rose. Sales in the top eight cities were 69,485 units ...
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The government is planning large renewable energy projects like the coal-based ultra-mega power project s (UMPPs) through the publicprivate-partnershi ...
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Most members of the capital market regulator’s committee on the primary market have raised concerns over the government’s controversial budget proposa ...
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Government assured homebuyers that it is committed to finding ways to resolve issues and revive stalled projects.
Nirmala Sithara ...
Airtel, Vodafone Idea and Reliance Jio Infocomm considering giving pass to Huawei in ‘core’ elements of their 5G networks in favour of oth ...
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Mining and metal baron Anil Agarwal’s family trust, Volcan I Investments (VI), has submitted an expression of interest (EOI) to revive grounded a ...
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Export of Indian goods, enjoying benefits under the preferential tariff system GSP, to the US registered a growth of 32 per cent , according to T ...
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BSR and Co, an affiliate firm of KPMG India, has resigned as auditor of two Anil-Ambani led Reliance Group companies—Reliance Infrastructure and Relia ...
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A rollback of the super-rich tax surcharge, removal of long-term capital gains tax (LTCG) on shares and tax policy certainty topped the wish list of m ...
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Industrial growth slowed to a four-month low in June, pulled down by a sharp decline in the output of mining and manufacturing, reflecting the growth ...
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The Supreme Court upheld changes to the Insolvency and Bankruptcy Code (IBC) that allows homebuyers to initiate proceedings under the law against real ...
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The new framework proposed by market regulator Security and Exchange Board of India (Sebi) to tackle the issue of auditor resignations from listed com ...
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Finance minister Nirmala Sitharaman assured India Inc that she would review the criminal penal provision for not complying with corporate social respo ...
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Public sector banks (PSBs) across the country will soon have standard operating hours. This is part of the government’s reform agenda for PSBs under E ...
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In a major setback to auditors Deloitte and BSR, the National Company Law Tribunal (NCLT) on Friday rejected their pleas challenging the tribunal’s ju ...
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Infosys, India’s second-largest software exporter, is gunning for higher margins as it aims to earn half its revenue from the company’s fast-growing ...
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Leading overseas investors will meet finance ministry officials as the government seeks to ease concerns over dwindling foreign portfolio inflows afte ...
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Vodafone Idaa Ltd. (VIL) has selected Amdocs to consolidate the merged entity’s postpaid operations for retail and enterprise customers across mo ...
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A top panel overseeing 5G trials has come up with a list of 20 questions for telcos, seeking compliances on data security, privacy, localisation, and ...
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Large non-banking lenders and home financiers, such as ...
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The board of Coffee Day Enterprises (CDE), the parent company of CCD, appointed professional services firm Ernst & Young (EY) to investigate the c ...
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From December, you will not have to wait for working hours to transfer money via National Electronic Fund Transfer (NEFT). As part of its push towards ...
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In its monetary policy, the RBI has gone all out to revive confidence in well-functioning entities in the nonbanking finance company (NBFC) sector.
...
The Reserve Bank made a higher-than-expected reduction in interest rates as the monetary policy committee (MPC) voted decisively to give the “highest ...
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If it goes through, it may turn out to be the mother of all public asset sales – Rs 3 lakh crore of proceeds by monetising public sector transmission ...
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Bharti Airtel and Vodafone Idea have obtained payment terms of up to three years — as against the norm of three-six months — for renewed and fresh equ ...
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The Prime Minister’s Office (PMO) will take a call on India’s position on data localisation, considering its strategic and security aspects, even as i ...
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Growth in the fast-moving consumer goods (FMCG) sector has slumpe ...
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India will review the methodology of estimating its factory output – index of industrial production (IIP) – and identify gaps amid concerns over the ...
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Representatives of micro, small and medium enterprises (MSMEs) raised concerns over high interest rates, delays in loan disbursal and banks insistenc ...
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Mukesh Ambani-led Reliance Industries and British energy major BP Plc announced a joint venture to open 5,500 petrol stations and sell jet fuel ...
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There’s more trouble for the auditors of the crippled IL&FS — Deloitte and BSR. The corporate affairs ministry on Tuesday moved the NCLT, s ...
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The government is planning a major reform in fuel marketing to allow foreign energy giants such as Saudi Aramco, Total and Trafigura, as well as sup ...
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The amendment to Article 370 has opened the doors for the Centre to take control of Jammu & Kashmir Bank, which has so far enjoyed a special sta ...
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The rupee recorded its biggest single-day fall in six years to breach the 70-level for the first time since May 2019 on the back of a crash in ...
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The government prodded banks to speed up rate cuts, while seeking to include auto and housing loans under the 59-minute scheme to fast-track clearan ...
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Companies may soon have to geotag and furnish pictures of projects undertaken under their corporate social responsibility (CSR) programmes to the go ...
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India's service sector activity rose to a 12-month high in July, boosted by fast output growth and strong domestic and international demand, pushing ...
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The centre has decided to auction 27 coal blocks to private companies who can sell 25% of the produce in the open market at a premium of 15% over th ...
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India’s stock market capitalisation fell below the $2 trillion mark for the first time in six months, triggered by the selloff on Dalal Street in Ju ...
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Fashion and lifestyle retailers are cutting production ahead of the crucial Diwali festive season as they moderate their sales targets due to poor c ...
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India is close to finalising a direct subsidy plan for battery manufacturing to fire up its clean energy switch. It will in December, invite bids fr ...
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Maruti Suzuki India is likely to operate just one shift at all its plants, with demand for cars slumping to multi-decade lows across the country and ...
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The finance ministry will hold a review meeting with bank chiefs on August 5 to assess the progress made by them in credit growth, resolut ...
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Although banks have passed on less than a third of the rate cut announced by the RBI this year, the central bank is widely expected to reduce i ...
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The government has begun to look at providing quick relief to foreign portfolio investors (FPIs) structured as trusts from the super-rich surcharge, ...
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A harassment tool or a better performance enabler? Indian companies are mostly anxious about recent changes in Companies Act making compliance with ...
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Tata group plans to set up a network of 500
public fast-charging stations for Read more
For only the second time since the enactment of the Insolvency...
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State Bank of India (SBI) has reported a net profit of Rs 2,312 crore for the quarter ended June 2019, as against a loss of Rs 4,876 crore in t ...
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Raiding the reserve of the central bank only illustrate the "desperation" of a govt. and we should be very wary and careful while determining the va ...
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Foreign portfolio investors (FPIs) looking for concessions to convert themselves into companies from a trust structure in order to avoid paying a hi ...
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Several senior professionals in the non-banking finance space have quit over the past year and hundreds more are on the lookout for openings elsewhe ...
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Passenger vehicle sale in the domestic market recoded their highest ever decline falling by 31% to 200294 units last month amid extremely weak consu ...
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Bharti Airtel reported a consolidated net loss of Rs 2,866 crore in the April-June quarter, its first in 14 years, dragged by a one-time expens ...
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Indian banks wrote off a record Rs 2.54 lakh crore of bad loans in FY19 to show reduced NPAs on their books, a trend that continues into FY20 as wel ...
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India has been pushed to the seventh place in the global GDP rankings in 2018 with the UK and France forging ahead the fifth and sixth spots, d ...
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The promoters of Zee Entertainment Enterprises (ZEE) will sell an 11% stake in the media company to US-based financial investor Invesco Oppenheimer ...
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State Bank of India (SBI) plans to raise Rs 5,000-6,000 crore by selling a part stake in its credit card joint venture, said two people familiar wit ...
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Tech Mahindra chairman Anand Mahindra said on Wednesday that the company had to improve profitability, after shareholders pointed out its huge ...
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Lenders and bond investors at Coffee Day Enterprises (CDE), the holding company of Cafe Coffee Day, are staring at haircuts after steep erosion in t ...
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Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Pers ...
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Indian stock indices recorded their steepest fall for the month of July in 17 years on Wednesday even as the benchmarks ended marginally higher on t ...
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VG Siddhartha, founder of Coffee Day Enterprises, committed suicide by jumping into a river in Mangluru on 29th July. His body has been found today i. ...
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The Supreme Court on Tuesday began looking into the legal complexities of the 103rd Constitutional Amendment, setting aside a 10% quota for the econ ...
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The government has drawn up
a list of around a dozen state-run firms which can go for possible buybacks in
this financial year.
The list ...
In a boost to homebuyers and lenders of Jaypee Infratech, an appellate tribunal on Tuesday directed the appointed resolution professional (RP) to ca ...
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There is relief on the liquidity front for non-banking finance companies (NBFCs) and stressed borrowers who now have more freedom on forei ...
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SBI is understood to have tightened lending norms for dealers of Hyundai cars and other vehicles. The bank is reportedly seeking additiona ...
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Top public and private sector banks are going on a fundraising spree as they seek to wrest market share from nonbanking finance companies (NBFCs) fa ...
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Finance Minister Nirmala Sitharaman on Monday told Rajya Sabha that the proposed amendments in the Insolvency and Bankruptcy Code are aimed at ensur ...
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Japanese auto major Honda Monday said it is
recalling 5088 vehicles to replace faulty driver and front passenger airbag
inflators.
The ve ...
In a push towards environment friendly transport, inter-ministerial panel has sanctioned 5,645 electric buses for operations in 65 cities, a m ...
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India’s largest lender State Bank of India (SBI) has announced a sharp reduction in fixed deposit rates. The cut will translate into lower lending r ...
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Leading private telecom players like Bharti Airtel, Vodafone and state-owned MTNL and BSNL have a pending license fee outstanding of over Rs 92 ...
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Surcharge levied on high income earners in the budget had not been intended to hurt foreign portfolio investors (FPI) structured as trusts. The gove ...
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Mutual funds have asked SEBI whether they should join banks and other financial institutions in throwing a lifeline to distressed borro ...
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Probe agencies are likely to confront Deepak and Chanda Kochhar and Videocon group chairman Venugopal Dhoot, after two separate reports that concurr ...
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Uncertainty over the sale of sovereign bonds overseas for the first time is causing yields to harden unexpectedly in India, where most market partic ...
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Hidden in the Budget documents is a number that has gone virtually unnoticed - India's revenue foregone due to the trade agreement with ...
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Udaan, an online marketplace that supplies products and gives loans to small merchants, is in talks to raise a new round fundi ...
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Less than three years after making a re-entry into the telecom business, Mukesh Ambani's Reliance Jio has emerged as the country's largest mobile oper ...
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AU Small Finance Bank on July 25 said its net profit more than doubled to Rs 190 crore in the first quarter ended June 30. The company's net profit ha ...
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You may soon have to shell out Rs 5,000 for registering your new petrol or diesel car. Renewing their registration will cost Rs 10,000. Currently, bot ...
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The Reserve Bank of India (RBI) has asked nonbanking finance companies (NBFCs) with loans predominantly made to real estate companies to bring down th ...
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Reserve Bank of India (RBI) governor Shaktikanta Das has questioned the US bi-annual report calling out emerging markets for currency manipulation sta ...
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The Indian Newspaper Society (INS) on Friday appealed to the Centre to withdraw the 10% customs duty imposed in the Budget on newsprint, uncoated pape ...
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Tata Motors’ quarterly loss almost doubled in April-June as the country’s largest automaker was hit by lower sales. Loss at the Tata Group flagship wi ...
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The National Company Law Tribunal (NCLT) on Thursday stayed its own order allowing the government to prosecute the three partners of Deloitte and BSR ...
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Citibank has become the largest foreign bank in India on most parameters, including profits and balance sheet size, and has emerged as the first forei ...
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Online marketplace Snapdeal that specializes in budget-segment products is betting on the sellers of ethnic wear, textiles, bed linen and fashion acce ...
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Blackstone, the world’s largest private equity firm, has stitched up a $250 million investment in Kishore Biyani’s Future Lifestyle Fashions (FLFL), o ...
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Dewan Housing Finance (DHFL) has sought relaxation of original loan terms in the resolution plan it has put forward before lenders.The embattled home ...
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The high-level Bimal Jalan panel could hold another meeting before submitting its report on the Reserve Bank of India’s economic framework that will d ...
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After forcing banks to recognise stressed loans as non-performing assets (NPAs) last year, the Reserve Bank of India (RBI) is talking tough to large f ...
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Nearly 10 lakh jobs have been shaved off from the auto component industry, following a prolonged and painful slowdown that has seen the demand for car ...
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IndiGo chairman M Damodaran has brokered a truce between the airline’s warring promoters — Rahul Bhatia with his family-controlled InterGlobe Enterpri ...
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Dewan Housing Finance Corp Ltd (DHFL) is looking to form a JV structure for its proposed stake sale that’s part of the company’s revival plan, said pe ...
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India climbed five places up in a global index of innovation, buoyed by improved productivity growth and exports of services related to information an ...
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Large foreign banks with the exception of Barclays have seen a rise in their India net profit in the year ended March 2019 driven by higher interest i ...
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Finance minister signaled that the government may extend the lower corporate tax rate of 25% to all companies, giving India Inc something to cheer abo ...
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Outgoing Reserve Bank of India (RBI) deputy governor Viral Acharya blamed high government borrowing for the asset-liability mismatches of non-banking ...
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Rana Kapoor and Morgan Credits, promoters of Yes Bank, have disclosed to the stock exchanges that they have together pledged their entire stake in the ...
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Hindustan Unilever (HUL) reported a 15% growth in standalone net profit at Rs 1,755 crore in the first quarter ended June 30, 2019, on a 7% growth in ...
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The government introduced the labour codes on wages and on occupational safety, health and working condition in the Lok Sabha on 23/07/2019 ...
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The Lok Sabha on 23/07/2019 approved the Motor Vehicles (Amendment) Bill, 2019 which seeks to impose strict penalties on violation of traffic rules an ...
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The super-rich are likely to be hit with a double whammy. They will have to pay interest on the advance tax installment that was due on June 15, in li ...
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The liquidity squeeze in the real estate sector is expected to deepen further with the National Housing Bank’s latest directive to home finance compan ...
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The Supreme Court on 22/07/2019 ordered that status quo be maintained for now on the proposed sale of ailing Essar Steel to Arcelor-Mittal ...
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The National Highways Authority of India (NHAI) is in talks with State Bank of India to monetise road projects with high traffic density as it explore ...
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Key job-creating sectors are likely to see a big drop in the generation of fresh employment, thanks in part to automation. Sectors including e-co ...
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The Bombay HC on Monday quashed an order of a lower court that had allowed proceedings against chairman emeritus of Tata Sons Ratan Tata and ...
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The Reserve Bank of India (RBI) is doing everything at its disposal to be in sync with the government’s efforts to accelerate economic expansion, be i ...
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India’s luxury car market shrank by as much as a quarter in the first half of this year, industry executives said, as a slowdown in economic growth an ...
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The adoption of a new accounting standard Ind As -116 for its lease of assets, coupled with a combination of lower interconnect and employee costs hel ...
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Provident funds (PFs) have sharply increased their investment in state governments in their quest for higher yields to meet the returns assured to emp ...
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Fake motor insurance policies have more than doubled to 1,192 cases from 498 cases, with more than Rs 53 crore worth fake policies sold in India in th ...
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The government is looking to pare down its stake in select state-run entities to up to 26%, setting the stage for some big-ticket strategic sales.&nbs ...
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Reliance Industries Ltd (RIL) on Friday reported a 6.8% year-on-year (y-o-y) increase in net profit for the June quarter, beating Street estimates on ...
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IndiGo has reported the highest ever quarterly profit at Rs 1,203 crore for Q1 (April-June) 2019-20, largely on the back of a rise in airfares after J ...
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A forensic audit on credit rating agencies has pointed to massive irregularities by top IL&FS executives in obtaining favourable ratings, with all ...
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Deloitte Haskins & Sells and BSR & Associates, a KPMG network firm, on 19/07/2019 said the NationalCompany Law Tribunal(NCLT) didn’t have a ju ...
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The government has not prohibited the use of cryptocurrencies in India, union minister of state for finance has said. There was no separate ...
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The monsoon has covered the entire country with rain clouds reaching west Rajasthan on 19/07/2019, the weather office has said, It is four days behind ...
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Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structure ...
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The government has sought an explanation from IndiGo on complaints of alleged misgovernance levelled by the airline’s co-founder Rakesh Gangwal, ...
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Markets regulator Sebi proposed stricter disclosures, including detailed reasons, on resignation of auditors.
The move comes amid rising instances ...
The resolution professional overseeing Jet Airways has received claims worth close to Rs 25,000 crore, and has so far accepted only about on ...
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The Securities and Exchange Board of India (Sebi) has told the government that recent budget proposals could undermine its role as regulator, particul ...
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The Society of Indian Law Firms (SILF) has recommended to the government that foreign law firms be allowed into India in four phases, marking a revers ...
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A high-level committee set up by the Reserve Bank of India (RBI) on its economic capital framework (ECF) has recommended that surplus reserves held by ...
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The Union cabinet has approved changes to the Companies Act of 2013 that make it mandatory forcompanies to create a ring-fenced escrow account for cor ...
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Indian Railways is finding it tough to cope with passenger and freight demand, and needs to raise capacity to handle traffic in these two segments.In ...
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Growth in India's fast moving consumer goods (FMCG) sector is declining as lower spending in urbancentres and slowdown in rural growth crimp consumpti ...
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Indian telecom giants Bharti Airtel and Reliance Jio are in talks with Hindustan Unilever (HUL) for tie-ups to offer localised discounts on the l ...
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The government recommended several amendments to the Companies Act, including penalty on companies that do not meet the mandated 2% spending requireme ...
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The cabinet approved key changes in the Insolvency and Bankruptcy Code (IBC) aimed at restrictingthe resolution process to 330 days, including time fo ...
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In the 50 years since banks were nationalised, the recapitalisation bill from FY18 to FY20 at Rs 2.69 lakh crore has been higher than in the first 45 ...
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Online marketplace Snapdeal said it has managed to cut losses by 70% to Rs 186 crore while increasing the consolidated revenue by 73% to about Rs 925 ...
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Regulatory pressure has increased on IndiGo to disclose details of the dispute between the promoters with the Securities and Exchange Board of India a ...
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The recent volatility in the stock market hasn’t deterred new investors from trying their luck in equities. In the one year ended June 30, a good 41 l ...
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In the way of continually rising trade tensions, American importers of sports goods, toys, stationery, cables and electronics parts have reached ...
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