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Govt. thinks about putting more money in hands of individual taxpayers

27 Jan

India is considering significant widening of tax slabs, extension of LTC scheme, more rebates for health insurance and home loan payments for individu ...

Tax relief likely for expats hired for PLI jobs

27 Jan

The government could relax tax residency rules for expatriates recruited by overseas investors setting up manufacturing units under the production-lin ...

Formal job creation continues to decline in November

27 Jan

Provisional payroll data from the Ministry of Statistics and Programme Implementation, shows net new subscriber added under EPFO in November 202 ...

FDI inflows into India jump by 13% to $57 billion in 2020

27 Jan

The domestic figure was boosted by investments in the digital economy while China overtook the US as the largest recipient of FDI globally, according ...

Banks review services policy for WhatsApp

27 Jan

Banks, which were looking to integrate Whatsapp as a key channel for customers to transact on, are reviewing their policies in respect of the messagin ...

Hero Moto may launch electric car, looks to expand beyond two-wheelers

27 Jan

India’s leading two-wheeler company, Hero Moto is looking “beyond its traditional two-wheeler business” and such “innovations and solutions will form ...

Telecom Deptt. considering telecom companies' pleas on notice period for new service

25 Jan

The telecom department may favourably consider requests by Reliance Jio Infocomm and Bharti Airtel to halve the notice period for starting servi ...

Paytm, PolicyBazaar among 6 startups looking at global listing

25 Jan

Around half-a-dozen companies — including Paytm and EtechAces Marketing and Consulting, which houses both PolicyBazaar and PaisaBazaar — are consideri ...

After banks, regulators to appeal against NCLT order which allow moratorium on debt

25 Jan

After banks, regulators, including the RBI, are set to appeal against an order of the National Company Law Tribunal’s (NCLT’s) Kolkata bench, which ha ...

Depositors seek end to ATM decline fee

25 Jan

The All India Bank Depositors’ Association of India in their pre-policy meeting with RBI governor Shaktikanta Das have asked for the withdrawal of an ...

Spectrum reserve prices for airwaves are high: Telecom Industry

25 Jan

Weeks ahead of the spectrum auctions, the telecom industry has said that reserve prices for the airwaves are high and it will be “financially challeng ...

AGMs, EGMs may go virtual permanently

25 Jan

The government could make virtual board meetings, annual general meetings (AGMs) and extraordinary general meetings (AGMs) a permanent feature. It is ...

TV ratings scam: Times network thinks legal action against BARC

23 Jan

Times Network, which operates India’s leading English news channel Times Now, said it’s contemplating legal action against Broadcast Audience Research ...

Telecom companies worried over security note on equipment's

23 Jan

India’s top telecom companies have raised concerns around legal ramifications of the National Security Directive, including who will be held responsib ...

Service sector near complete recovery in jobs by December Quarter

23 Jan

The services sector, barring education, witnessed a near-complete recovery in employment by the December quarter after a significant dip earlier in th ...

Digital, retail business boost Reliance Q3 net profit by 26% to Rs 15k crore

23 Jan

Raliance Industries(RIL), India’s largest company in terms of market value, reported a 26% rise in its third quarter profit to Rs 14,894 crore, benefi ...

JSW Steel’s December quarter profit increase 1,300% to Rs 2,669 crore

23 Jan

JSW Steel on Friday reported a jump of over 1,300% in its consolidated net profit to Rs 2,669 crore for the December 2020 quarter. The private sector ...

Govt. amends CSR spending rules to boost transparency, flexibility

23 Jan

The government on Friday amended the CSR spending rules under the Companies Act to provide greater transparency and flexibility to the corporate secto ...

RBI sees V-shaped recovery, likely room for policy easing

22 Jan

Forecasting a V-shaped recovery, Reserve Bank of India has said that if growth momentum continues and inflation stays benign there would be room for p ...

Better sale value likely for sale of PSUs

22 Jan

The stock market has been an important ally of the government’s asset sales programme. Since raising a shade over Rs 3,000 crore in 1991-92, it has co ...

Car sales growth slows to 20-year low in 2015-2020

22 Jan

Increased cost of ownership, high base effect and lower disposable incomes pushed car sales growth to just 1.3% during 2015-20, a dip from 6% in the p ...

Central Consumer Protection Authority '99.9% germ killer' ads can put creators in jail

22 Jan

Advertising campaigns claiming efficacy of products in protecting consumers from Covid-19 without scientific proof will be liable for penal action, th ...

S&P, Nasdaq close at record highs on optimism about Biden stimulus plan

22 Jan

The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to supp ...

Budget 2021 may raise duty on finished goods

22 Jan

India’s import tariff structure could be revamped in the upcoming budget to provide lower duty on large inputs, especially those used in products that ...

Atamnirbhar Digital India Foundation seeks data audit of WhatsApp, Facebook

21 Jan

The newly formed Indian alliance, Atamnirbhar Digital India Foundation (ADIF), has written to the government, saying it should conduct a data audit of ...

Banks' home loan market share up at 75%

21 Jan

Banks have seen their share in home loan disbursements rise to 75% from about 66% due to lower interest rates and the cash crunch faced by smaller hou ...

India's daily power demand hit a record at 185 GW

21 Jan

India’s power demand hit a record at 185.82 GW (gigawatts) on Wednesday, rising 1.6% over the previous record of 182.89 GW on December 30 and marking ...

Govt. looking at tax issues related to business reorganisation, mergers and acquisitions

21 Jan

The government is examining tax issues related to business reorganisation within a group as also consequent to mergers and acquisitions (M&A) as i ...

India Inc wants budget to focus on demand push

21 Jan

India Inc is eyeing a demand push from Budget 2021-22, along with an increased outlay for infrastructure and social sector projects, according to a pr ...

Karnataka tops Innovation Index, Maharashtra ranks 2nd

21 Jan

Karnataka has retained its top position among the major states, while Maharashtra has leapfrogged Tamil Nadu to occupy the second place in the second ...

WhatsApp has been asked to withdraw controversial privacy update programme for Indians

20 Jan

In deepening troubles for WhatsApp in India, the Centre has asked the Facebook-owned instant messenger to “respect the informational privacy and data ...

Covid changes saving pattern of people

20 Jan

The pandemic has caused major change of priorities for urban Indians as far as their savings are concerned. People are saving less for marriages, kids ...

Fuel prices make new record as crude oil prices up again

20 Jan

Fuel prices up again on cue from international crude Tuesday, with petrol price hitting a new high in Delhi at Rs 85.20 and diesel making a record in ...

Facebook’s hosting services will be much cheaper and will increase efficiency: WhatsApp

20 Jan

Under fire over its privacy changes, WhatsApp is now reaching out with reassuring messages to businesses that use its application programming interfac ...

Govt. planning tighter FDI rules for ecommerce sector

20 Jan

India is likely to tighten the foreign direct investment (FDI) rules for e-commerce to check companies set up by the online marketplaces from trading ...

Budget 2021 may open mega textile park scheme

20 Jan

The upcoming budget could unveil a scheme for setting up of mega textile parks aimed at positioning India as a fully integrated, globally competitive ...

HDFC bank submit glitches control plan to RBI

19 Jan

HDFC Bank has submitted a plan to the Reserve Bank of India (RBI) outlining cures for repeated glitches within the financial institution’s know-how pl ...

Uptrend in business activity continues in 2021.

19 Jan

The uptrend in business activity continued into the new year with the Nomura India Business Resumption Index (NIBRI) inching up to 93.4 for the week e ...

Big 4 IT companies may hire 91,000 freshers for 2021-22.

19 Jan

With the sharp pickup in demand after the lockdown lows, Indian IT firms have lined up robust hiring plans for 2021-22. The top four IT firms — TCS, I ...

ONGC offers joint venture in exploration blocks to Exxon

19 Jan

Oil and Natural Gas Corp (ONGC) has offered energy giant ExxonMobil a participating interest in about half a dozen exploration blocks, sources with kn ...

97% of investors voted in favour of winding up of 6 fund of Franklin Mutual Fund.

19 Jan

As an overwhelming 97% of investors voted in favour of winding up of six schemes of Franklin Templeton Mutual Fund, the Supreme Court on Monday grante ...

Total SE set to acquire a 20% stake in Adani Green Energy

19 Jan

French oil and gas major Total SE is to acquire a 20% stake in Adani Green Energy (AGEL), the renewables arm of the Ahmedabad-based diversified Adani ...

85% of the anti-dumping and countervailing duties are on intermediate products, Hardly on any finished goods

18 Jan

Nearly 85% of all the anti-dumping and countervailing duties imposed by India are on intermediate products, with only a minuscule proportion of the ac ...

Exports grow 11% in first half of January 2021

18 Jan

India’s exports rose around 11% to $11.8 billion during the first fortnight of 2021, while imports went up about 6.6% to $18 billion, resulting in a t ...

Microfinance lenders see rise in missed installments.

18 Jan

Microfinance institutions (MFIs) are witnessing a rise in short-term delinquency rate, which refers to loans less than 30 days past due (DPD). The del ...

Bharti Airtel to raise $1 billion via perpetual bonds: Report

18 Jan

India's second-largest telecom company Bharti Airtel is lining up a $1-billion fundraise via perpetual bonds, The Economic Times reported. A perpetual ...

Money market swings dilute the promise of an easy policy.

18 Jan

A week after the Reserve Bank of India (RBI) announced its intention to lift overnight market interest rates toward its policy rates, the money market ...

Budget may offer new direct tax dispute resolution framework.

18 Jan

The upcoming budget could unveil a new and continuous framework for faster resolution of disputes over direct taxes.
The government is considering ...

TaMo’s Tesla tweet electrifies industry.

16 Jan

A tweet quoting a 1960s Bollywood number featuring Shammi Kapoor and Mumtaz had all of Motown buzzing about whether there’s some “kissa” brewing betwe ...

Piramal wins bid for DHFL, set to expand retail lending.

16 Jan

Piramal Group has received 94% votes from lenders, placing the conglomerate on course to become the new owner of bankrupt housing finance company DHFL ...

Exports rise 1st time since Sept, imports increase 8%.

16 Jan

India’s exports rose for the first time since September, increasing 0.1% to $27.2 billion in December as shipments of drugs and pharmaceuticals, elect ...

HCL Tech revenue hits $10bn mark, beats Wipro.

16 Jan

HCL Technologies crossed the $10-billion revenue mark in calendar year 2020, pulling further ahead of Wipro as the third-largest Indian IT services pl ...

PMC bid: BharatPe offers to pay 100% to retail depositors.

16 Jan

The race to acquire scam-hit Punjab and Maharashtra Co-operative Bank (PMC) is heating up. Payments startup BharatPe and financial service firm Centru ...

Remove retrospective tax from the law, UK business body tells govt.

16 Jan

The UK India Business Council (UKIBC) has demanded that finance minister Nirmala Sitharaman should remove the “retrospective taxation” provision from ...

PSU lenders back Piramal’s DHFL bid

15 Jan

Public sector banks, led by SBI, are understood to be in favour of the resolution plan submitted by Piramal Group for troubled housing finance company ...

Wholesale inflation eases to 4-mth low at 1.2% in December

15 Jan

Wholesale inflation, as measured by the wholesale price index (WPI), eased to a four-month low in December largely due to deflation in primary article ...

IDFC First Bank may disrupt cards business with 9% interest.

15 Jan

IDFC First Bank is set to shake up the credit card market by charging interest as low as 9% on revolving credit for those with a good track record. Th ...

Dubai-based executive has to pay ESOP-tax in India

15 Jan

The Income Tax Appellate Tribunal (ITAT) has held the perquisite value of employee stock options (ESOPs) to be taxable in India, in the hands of a ban ...

Fuel prices flare up but no tax cut signs

15 Jan

Petrol price remained on a roll, claiming a new peak at Rs 84.7 a litre in the national capital and 2 paise short of its all-time high of Rs 91.07 in ...

Zero coupon bonds for banks recap to stop

15 Jan

The govt has decided not to issue any more zero coupon bonds towards bank capitalisation, said two officials aware of the developments.This comes afte ...

Byju’s to pay $1 bn for Blackstone-backed Aakash tutorials.

13 Jan

India’s biggest online-education startup Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd for $ ...

Tesla drives into Bengaluru with new company.

13 Jan

Tesla has made its debut in India. On January 8, it registered a company named Tesla India Motors and Energy in Bengaluru.It’s not clear what exactly ...

Need fair-play and level-playing field: Huawei India CEO.

13 Jan

Weeks after the government took steps to designate a ‘trusted source’ criteria for procuring infrastructure for mobile services, Chinese telecom major ...

Payment gateways still charge for UPI, RuPay.

13 Jan

Most payment gateway service providers are continuing to charge merchants a fee for enabling and using the Unified Payments Interface (UPI) and RuPay ...

Startups taking entry in healthcare sector.

13 Jan

Covid-19 has thrown open new opportunities for youths looking to kick off their entrepreneurial journey. The fact that Rajasthan has incubated start ...

Budget likely to end up in FY21 with a fiscal deficit at 7.5 per cent

13 Jan

The upcoming Budget could pencil in the fiscal deficit for FY21 at 7.5% of the GDP as against the budgeted 3.5%, according to the median of estimates ...

States should set energy conservation targets, reduce their emissions.

12 Jan

States should set targets for energy conservation and reducing their emissions much like international treaties, said union power and renewable energy ...

Startups & corporate biggies are moving to Signal app.

12 Jan

As the furore over changes in WhatsApp’s privacy policy grows, a wide range of companies have started mandating migration to messaging platform Signal ...

Amazon may move HC in Future Group dispute.

12 Jan

Amazon is likely to move a new petition in the Delhi high court in the ongoing battle against Future Group over the sale of the latter's retail busine ...

Coal exchange likely to start later this year.

12 Jan

The government proposes to start a coal exchange later this year to trade coal mined from private commercial mines along with Coal India spot auctions ...

HC passed interim orders in favour of HUL ads

12 Jan

A soap war landed in court on Monday, drawing acerbic lines. The Bombay high court on Monday passed urgent interim orders in favour of HUL against “di ...

Tata Motors plans series of 'affordable' e-vehicles

12 Jan

In one of the most ambitious plans made around electric mobility and affordability, homegrown auto giant Tata Motors has said that it plans to price i ...

Need to set up a regulator for cement and big steel companies

11 Jan

Big players in the steel and cement industry are indulging in cartelisation to jack-up prices, Union road transport minister Nitin Gadkari has said ra ...

No scrutiny against us, vendors under lens for evade GST: Swiggy, Instakart

11 Jan

Swiggy and Instakart have said that tax authorities are probing their vendors for alleged GST default and that they are not under the scanner.“This pr ...

Layout of IndianOil pumps to be improvised to make room for EV charging

11 Jan

facelift to attract gen-next consumers and make room for new-age alternatives such as charging or battery swap for EVs (electric vehicle) and natural ...

Public sector banks offering cheaper car loans as boost the sale of passenger cars

11 Jan

Cheaper loans, aggressive options from public sector banks and a general reluctance to use cash for cars has led to an increase in auto financing pene ...

Centre has think for a coronavirus cess in Budget 2021

11 Jan

The government has discussed a coronavirus cess or surcharge ahead of the budget to fund additional spending due to the pandemic, including that on va ...

Govt must prioritise growth over fiscal health, Says Former RBI Governor

11 Jan

Former central bank governor C Rangarajan has said the government should prioritise growth over fiscal consolidation in the upcoming budget and accept ...

Tata Consultancy Services records best ever Q3 in 9 years despite pandemic

09 Jan

Tata Consultancy Services (TCS) reported 4.1% sequential growth in constant currency in the third quarter. This, it said, was its best performance in ...

WhatsApp pay policy enjoys higher priority

09 Jan

Facebook will not have any access to a user’s details of a digital transaction through WhatsApp Pay as its India payments policy will overrule any pri ...

From structural reforms, boost investor confidence: Economists to PM

09 Jan

The Centre should accelerate the pace of stake sales in state-run companies, unveil a fresh fiscal roadmap, recapitalise banks, reduce import duty, le ...

Proposed work-from-home framework worries unions and companies

09 Jan

The proposed work-from-home framework has failed to cut much ice with the information technology and related services industry, which is now worried a ...

WTO members praise India’s GST, ease of doing business, other structural reforms

09 Jan

Members of the World Trade Organization on Friday appreciated India’s goods and services tax, reforms on taxation, trade facilitation and improving th ...

Handset makers oppose govt move to reduce new export sops under RoDTEP scheme.

09 Jan

Mobile phone companies have opposed a move by the government to reduce the rate of new export sops on handsets under the Remission of Duties and Taxes ...

BSES discoms among 7 utilities put on notice over dues by NTPC

08 Jan

State-run NTPC has slapped disconnection notices on five discoms across four states for non-payment and threatened BSES Rajdhani Power Ltd (BRPL) and ...

GDP may shrinking by 7.7% in FY21: NSO data

08 Jan

India’s economy is estimated to contract by a record 7.7% in 2020-21 ravaged by the impact of the Covid-19 induced lockdown, with the crucial services ...

US Trade Representative report, slams India’s digital services tax.

08 Jan

The US Trade Representative (USTR) on Wednesday released the ‘Special 301’ investigation report, slamming India’s digital services tax (DST).It said t ...

SBI raises $600 million from overseas bond sale at 1.80% coupon rate

08 Jan

The nation’s largest lender State Bank of India (SBI) on Thursday raised USD 600 million from selling bonds to international investors at a coupon of ...

IBC has delivered 95% rescue rate: IBBI chairman

08 Jan

The Insolvency and Bankruptcy Code (IBC) has delivered a 95% rescue rate for financially distressed firms when insolvency proceedings that have been s ...

Expert panel seeks basic living wage after job loss

08 Jan

A one-man expert commission on labour, led by former civil servant C V Ananda Bose has recommended setting up a Labour Authority of India as a nodal b ...

49 Indian steel, iron items to be preferred for public works

06 Jan

The government has put in place a new mechanism to offer preference to 49 domestically manufactured iron and steel products in public contracts, inclu ...

RBI’s Rs 350 crore subsidy to add 10 lakh PoS machines

06 Jan

In a big boost for digital payments, the RBI has announced a fund that will subsidise deployment of card-acceptance devices and QR codes in tier-3 to ...

SC to take up Telecom Disputes Settlement Tribunal call for ‘no licence fee’ on ISPs

06 Jan

The Supreme Court on Tuesday admitted an appeal by the Union government challenging a decision of the Telecom Disputes Settlement and Appellate Tribun ...

Economy likely to maintain V-shaped recovery: Finance Ministry

06 Jan

India’s economy is on course to perform better in the second half of the fiscal buoyed by sustained improvement in high frequency indicators while app ...

Working to improve ease of doing business with the Indian Railways: Piyush Goyal

06 Jan

The government is working to do away with restrictive practices in its efforts to improve ease of doing business with the Indian Railways, Union minis ...

Rising demand for an owned mode of transport, Waiting period upto 10 month

06 Jan

Rising demand for an owned mode of transport, coupled with decadal low auto loan rates, has resulted in the return of a wait list for car buyers. This ...

3.5 Crs. records of personal data leaked in Aug 20 by Amazon, Swiggy's payment processor

05 Jan

Payment services provider Juspay, which processes transactions for online giants like Amazon, Swiggy and other companies, on Monday admitted to a data ...

December 20 manufacturing activity remains strong as new orders rise

05 Jan

Activity in the country’s manufacturing sector remained stable in December as manufacturers stepped up production and new orders continued to rise for ...

Corporate and personal income tax collection has gone down in 2020

05 Jan

India’s tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections, resulting from a disproportionate impact of the C ...

Demand of app-based taxis gone down due to pandemic

05 Jan

It was seen as the sunrise sector till just a few years ago, but fears over spread of coronavirus through use of app-based taxis have punctured the gr ...

Renewable energy adoption by corporates sees strong growth

05 Jan

What began in 2014 as environmental responsibility has since turned into commercial investments. Some call it the ‘Greta Thunberg effect’, but away fr ...

Ballastless tracks designed by India to be used for high-speed RRTS trains

05 Jan

The National Capital Region Transport Corporation will use indigenously designed ballastless tracks for the country's first Regional Rapid Transit Sys ...

India alert developing nations against Information Technology Agreement

04 Jan

Ahead of a key ministerial meeting of the World Trade Organization (WTO) this year, a government think tank has cautioned developing countries against ...

Liquidity-related relaxation to road contractors extend till June end

04 Jan

The highways ministry has extended the duration of a liquidity-related relaxation provided to road project contractors in response to Covid-19 that en ...

BEML share up more than 5% as govt to disinvest 26% stake in company

04 Jan

Shares of state-run BEML rose more than 5 per cent on Monday after the government said it is disinvesting 26 per cent stake in the company.At 9:29 am, ...

life sciences are the most preferred sector that is predicted to attract talent.

04 Jan

For the first time perhaps, life sciences has emerged as the most preferred sector that is predicted to attract talent, ahead of IT and FMCG, this yea ...

Metal billionaires have shown an interest in Uttam Galva Steels

04 Jan

Metal billionaires Lakshmi Mittal, brothers Sajjan Jindal & Naveen Jindal, and Anil Agarwal (of Vedanta) have shown an interest in Uttam Galva Ste ...

BPCL, Air India selloff push into FY22

04 Jan

The government may not be able to close the BPCL and Air India disinvestment transactions by March 31, although it is pushing the sale of five large p ...

RIL, Mukesh Ambani fined for ‘manipulative trades’

02 Jan

Markets regulator Sebi on Friday fined Reliance Industries, Mukesh Ambani and two other entities a total of Rs 70 crore for alleged manipulative tradi ...

In a surprise move, Ford, Mahindra call off proposed auto joint venture.

02 Jan

In a sudden and surprising move at the close of 2020, American auto maker Ford and homegrown Mahindra and Mahindra decided to call off their automotiv ...

Car industry wraps up tough 2020 on a high

02 Jan

The car industry wrapped up one of its toughest year to date, closing 2020 with positive numbers in December, indicating that consumers have been buyi ...

RBI launches surveys to get inputs for monetary policy

02 Jan

The Reserve Bank of India (RBI) on Friday announced the launch of the next round of household surveys to capture inflation expectations and consumer c ...

Power demand up 5 per cent in December

02 Jan

Electricity demand in the country in December was higher by 5% from a year ago, marking the fourth consecutive month of growth, data from grid operato ...

Mid-stream manufacturers of natural diamonds likely to enter lab-grown diamonds Biz

02 Jan

Many mid-stream manufacturers of natural diamonds in India are likely to enter the business of lab-grown diamonds, following Bharat Diamond Bourse’s ( ...

Tax tribunal drops remark against Mistry in Tata order

01 Jan

Two days after passing critical remarks against Cyrus Mistry, the Income Tax Appellate Tribunal (ITAT) has issued a corrigendum, stating “some inadver ...

Market rally could become more broad-based in the coming months as growth picks up

01 Jan

ICICI Prudential Mutual Fund MD and CEO Nimesh Shah on Thursday said that the market rally could become more broad-based in the coming months as growt ...

The eight Core sector shrink 2.6% in Nov.

01 Jan

The eight key core sectors contracted for the ninth consecutive month in November, posing some concerns for policy makers in the new year. Data releas ...

Complaint by CAIT against Flipkart, Amazon to ED & RBI

01 Jan

The Confederation of All India Traders’ complaints against e-commerce giants Flipkart and Amazon have been forwarded by the Department for Promotion o ...

Jio makes local calls to rivals' networks free from January 1

01 Jan

Reliance NSE 0.28 % Jio Infocomm will stop charging subscribers for local calls made to rival networks from Friday, when interconnect user charges (IU ...

Covid has shaped Salary trends in a positive way for sales, legal and tech sectors

01 Jan

Covid has shaped salary trends in a positive way for several sectors. These include internet & e-commerce, BFSI (banking, financial services & ...

Groundwork done for privatisation of PSU's in 2021: Govt officials

31 Jan

The massive shortfall in the Rs 2.1-lakh-crore disinvestment target has triggered unease within the government. The department for investment and publ ...

Companies go beyond gender, eye neurodiverse talent

31 Jan

Progressive companies understand the importance of diversity and inclusion (D&I) beyond gender. But even while India Inc is still scratching the s ...

E-payments battle costs companies $900 million in loss

31 Jan

The fight for dominance in digital payments has caused a collective loss of nearly $900 million (Rs 6,500 crore) for Paytm, PhonePe and Amazon's payme ...

Ethanol output boost: Rs 4,573-crore scheme cleared

31 Jan

The cabinet has approved interest subvention of ₹4,573 crore to raise ethanol production using cereals such as rice, wheat, barley, corn, sorghum, sug ...

Finance Ministry okays 8.5% on PF deposits for 2019-20

31 Jan

The finance ministry has accepted the labour ministry’s proposal for crediting 8.5% interest on provident fund deposits for 2019-20, a move that will ...

Spices exports seen picking up as prices fall up to 23%

31 Jan

Spices exports from India are likely to revive after about two months with the arrival of the new crop in a fortnight and helped by up to 23% fall in ...

AirAsia to sell 33% in local JV to partner Tata Sons

30 Jan

Malaysia’s AirAsia has agreed to sell a 32.7% stake in its India venture to partner Tata Sons for 153 million ringgit (about Rs 278 crore), which will ...

Will use supervision technology to keep up with entities: RBI

30 Jan

The Reserve Bank of India (RBI) has said that it will start using SupTech (supervisory technology) and RegTech — a subset of fintech that uses technol ...

PMC Bank puts on block 2 aircraft of Wadhawans, the company promoter

30 Jan

Punjab and Maharashtra Cooperative Bank, which is trying to recover Rs 4,335 crore of loans the bank’s erstwhile management fraudulently lent to HDIL, ...

Banks need Rs1L crore for NPAs

30 Jan

The Reserve Bank of India (RBI) has said that banks will need additional capital of up to one and a half percentage points of risk-weighted assets in ...

Railways freight corridors to become an avenue for Atmanirbhar Bharat, says PM

30 Jan

Freight corridors being built by the railways will become a means of self-reliance for the country and will benefit industries, businesses, farmers an ...

Air bags for front seats may be must for new cars from April 1

30 Jan

All new car models would need to have airbag for front-seat passengers from next April and all existing models would get this from June 1, the road tr ...

Funds raised by India Inc record Rs1.8L cr from equity market

29 Jan

The onset of the Covid-19 pandemic and a sharp slide in the stock market in the early months of 2020 notwithstanding, companies raised a record amount ...

Nitin Gadkari confirms Tesla coming to India in ‘early 2021’

29 Jan

Nitin Gadkari on Monday told that US clean energy and electric vehicle company Tesla will “start operations” in India in early 2021.During the convers ...

RBI deputy government argues for 4% cap on inflation

29 Jan

A paper published by the Reserve Bank of India (RBI) and co-authored by its deputy governor and member of the monetary policy committee (MPC), M ...

Tata Trusts can enjoy tax exemption: IT Appellate Tribunal

29 Jan

A high-profile Mumbai bench of the Income Tax Appellate Tribunal (ITAT) on Monday quashed the revisionary orders passed by the commissioner (exemption ...

Metro services in over 25 cities by 2025:PM Modi

29 Jan

Modi said that by 2025, metro train services will be available in 25 cities across India."When our government was formed in 2014, only 5 cities had me ...

Govt to move SC against HC stay on Chandigarh discom privatisation

29 Jan

The government will soon challenge in the Supreme Court a Punjab & Haryana High Court order staying the privatisation bid of Chandigarh electricit ...

Top 20 models drive over 74% of India’s car sales

28 Jan

Two consecutive years of low sales, first due to an economic slowdown and then the pandemic, has created a ‘winner takes it all’ situation in the car ...

Cairn case: Tribunal cites PM & Jaitley views on retrospective tax

28 Jan

A three-member tribunal at the Permanent Court of Arbitration in The Hague cited statements by Prime Minister Narendra Modi and other BJP ministers, s ...

Delhi-Dubai 5th busiest global air route in December

28 Jan

Delhi-Dubai and Mumbai-Dubai have now figured among the busiest international routes in the pandemic world. According to the UK-based air consultancy ...

Reliance Com resolution may hit hurdle as banks mark its account as fraud

28 Jan

The bankruptcy resolution process for Reliance Communications NSE -2.50 % (RCom) may hit another hurdle with State Bank of India, Union Bank of India ...

Operator for common gas pipelines soon: Petroleum secretary

28 Jan

India will soon have an independent operator of common carrier gas pipelines to ease access to transport infra, deepen the local gas market and meet t ...

Budget 2021-22: CII suggests graded road map towards competitive import tariffs

28 Jan

India Inc’s recommendations for the Budget 2021-22 take cognizance of the stressed fiscal situation due to a sharp decline in revenue collections foll ...

Lower interest rates make India Inc less default liable

26 Jan

A sharp reduction in interest rates and an increase in revenues led to a sharp improvement in interest coverage or the ability to service debt f ...

Bad debt fear keeps private banks away from street vendor loans

26 Jan

Last week, a branch manager of a leading state-run bank in Madhya Pradesh wrote to the municipal commissioner seeking “cooperation” as several of the ...

India should pursue FTAs with EU & UK

26 Jan

With European Union and the UK clinching a post-Brexit trade pact, India should now aggressively pursue free trade agreements (FTAs) separately with b ...

Global merger and acquisition deals spike in 2nd half of 2020

26 Jan

Global merger and acquisition (M&A) activity clawed its way back from near-decade lows in 2020, facing down the pandemic with a string of large tr ...

Can't meet target of production-linked incentive scheme for FY21,handset makers

26 Jan

Apple contract manufacturers Wistron and Foxconn, as well as Samsung and Indian device makers Lava and Micromax, have told the government they won’t b ...

RBI interventions bring rupee exchange fluctuations down to 15-year low

26 Jan

This year witnessed a mega crisis — unprecedented in a globalised economic order. Yet, the central bank’s adroit handling of money issues helped mitig ...

RBI warn against loans given on apps

24 Jan

Following cases of suicide over alleged harassment by recovery agents of entities that provided loan over mobile apps, the RBI has cautioned against s ...

Infosys' market-capitalization cross $70bn for the first time.

24 Jan

Infosys' crossed $70 billion in market capitalisation for the first-time in its 39-year history after its ADR ran up by 5% at Tuesday’s close on the N ...

Vedanta promoters look to hike stake by 5% for Rs 3k cr

24 Jan

The promoters of mining major Vedanta have mandated US broking house JP Morgan to buy up to 18.5 crore shares, or almost 5% of the company, from the s ...

After Vodafone, govt loses retrospective tax case against Cairn energy

24 Jan

In a fresh setback to the government on retrospective taxation, an arbitration panel has unanimously ruled in favour of Cairn Energy Plc, holding that ...

India in Talks with Argentina & Brazil to Sign Trade agreement

24 Jan

India is in talks with Argentina and Brazil to ink trade pacts with the two largest markets in South America as it seeks to strengthen trade with the ...

Airtel added more users than Jio for Third month in Oct, Vi slips

24 Jan

New Delhi: Bharti Airtel NSE 2.37 % outpaced rival Reliance Jio in terms of subscriber addition for the third straight month in October, according to ...

Large companies don’t need debt restructuring: KV Kamath

23 Jan

Veteran banker K V Kamath says that soft interest rates will provide the tailwind for businesses to come out of the crisis. In an interview to TOI, he ...

Infosys biggest deal with Daimler worth $3.2bn

23 Jan

Infosys has won the largest deal ever in its history from German automotive major Daimler that sources said is estimated at $3.2 billion, spread over ...

Two new startups valued $1bn or more born, Total 11 companies

23 Jan

India has seen a record number of unicorns (startups valued at $1 billion or more) being created in 2020. On Tuesday, two companies Glance and Dailyhu ...

Few takers for non-profitable gas based power plants

23 Jan

Gas-based power plants have started going into liquidation and are expected to fetch no more than 10% of their value. The country has 25 GW gas-based ...

Apple targets car production by 2024

23 Jan

Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthro ...

Reliance Set to re-launch JioPhone

23 Jan

Reliance Industries will relaunch its popular 4G feature phone JioPhone next quarter in a bid to ride the study and entertainment-from-home wave and g ...

Lower car discounts fail to cheer customers this December

22 Jan

A reduced inventory with car dealers due to maintenance shutdowns by auto companies has resulted in little or no discounts this December. Traditionall ...

HC won't block Amazon from writing to regulators

22 Jan

The Delhi high court on Monday refused to restrain US e-commerce giant Amazon from writing to Indian authorities, including the Sebi and CCI, to oppos ...

Govt. asset sales to pick up more in next year

22 Jan

The government has stepped up efforts to accelerate the asset-monetisation programme. It hopes to raise a significant amount of revenue in the new yea ...

Mahindra subsidiary Ssangyong Motors applies for bankruptcy

22 Jan

Mahindra paid $464 million for a majority stake in Ssangyong Motor, the South Korean company has filed for bankruptcy after defaulting on loan repayme ...

Tax benefits can be withdrawn if investment made to avoid tax: Madras HC

22 Jan

In a judgement that could impact several foreign companies investing in India through subsidiaries or investment arms registered in other countries, t ...

Atmanirbhar loans help to reduce bad debt in power sector

22 Jan

The government’s Atmanirbhar measures to help businesses hit by the pandemic has addressed a historic problem of power companies, and the banks that l ...

Air Asia to own only 13% in Tata JV

21 Jan

Malaysian carrier AirAsia will be reduced to a financial investor in its India unit as larger strategic partner Tata Sons initiates consolidation move ...

Bharatpe eyes PMC Bank in tie-up with Centrum

21 Jan

Merchant payments startup BharatPe and financial services firm Centrum Group have submitted a joint expression of interest (EoI) to the Reserve Bank o ...

Technically skilled gig workers in high demand

21 Jan

Demand for technically skilled gig workers has gone up as a direct result of large enterprises looking to optimise their future through a digital pres ...

Adidas tells its employees in India it may sell Reebok

21 Jan

German sports goods manufacturer Adidas has communicated to its employees in India about the possible sale of its subsidiary Reebok.The announcement h ...

Industry body CII suggests multiple bad banks

21 Jan

Industry body CII on Sunday said it has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performin ...

China tensions trip General Motors unit sale

21 Jan

General Motors will shut down its last factory in India a day before Christmas, the fallout of raging tension between India and China. GM wanted to se ...

Sensex hits 47k for 1st time as eco hobbles to recovery

19 Jan

The sensex hit a new lifetime high above the 47k mark on Friday at 47,026 points, and closed a tad below the milestone at 46,961 — still 70 points up ...

Honda shuts 23-yr-old Greater Noida car unit

19 Jan

Hit hard by stiff competition and a challenging business environment, Japan’s auto major Honda Motor Cars has decided to shut down its factory at Grea ...

Agarwal, UK firm plan $10bn India M&A push

19 Jan

Vedanta chairman Anil Agarwal is planning to invest $10 billion through a new partnership targeting government privatisations in India. The billionair ...

IBBI Chief: Insolvency Cases in India likely to Rise in coming Days

19 Jan

Insolvency cases in India are expected to spike in the coming days, as they did world over after the 2008 financial crisis, according to MS Sahoo, cha ...

I-T reaches out to individuals, firms as the VSVS deadline nears

19 Jan

With less than two weeks to go before the Vivaad Se Vishwas scheme ends, Income Tax officials across the country are reaching out to individuals as we ...

Falling Short-term Rates Threat to Stability, Say MPC Members

19 Jan

The Monetary Policy Committee (MPC) that voted unanimously to hold interest rates to ensure economic revival has raised red flags on short-term intere ...

Govt to push Public investment, Strategic sale of state-run Companies.

18 Jan

FM said on Thursday that the government had taken several measures to support the economy, and will continue with public investment, while pressing ah ...

Divi's Labs enters Rs 1L-cr market cap club

18 Jan

Divi’s Laboratories on Thursday became the second pharma player in the country, after Sun Pharma, to enter the big league of companies with a market c ...

Sensex nears 47k on record buying by foreign investors

18 Jan

Yearly net inflow in the stock market from foreign funds has topped the Rs 1.5 lakh crore mark, an all-time record, as overseas fund managers poured m ...

Pramod Mittal withdrew 2nd appeal against bankruptcy

18 Jan

Indian-origin steel tycoon Pramod Mittal, withdrew his second appeal against his bankruptcy order on Thursday minutes before the hearing was due to co ...

Network core may be no go zone for Chinese vendors

18 Jan

The government may not impose an outright ban on all telecom equipment from Chinese suppliers but only critical components that go mainly into the cor ...

Mistry ouster premeditated, ambush by Tatas : SP Group

18 Jan

Shapoorji Pallonji Group argued before the Supreme Court on Thursday that the premeditated removal of Cyrus Mistry as Tata Sons chairman was an ambush ...

Spectrum auction to take place in march after 5 years

17 Jan

The government will finally auction spectrum in March next year, after a gap of five years, but has decided to withhold sale of the coveted 5G spectru ...

Multivitamin tops drug sales for 1st time in Oct.

17 Jan

Call it the Covid effect. Popular health supplement Zincovit, which provides essential vitamins and minerals, catapulted to the top spot in the domest ...

Honey adulterant import from china may be curbed

17 Jan

The government is considering curbs, including a possible ban, on the import of high fructose syrup, whose traces were found in honey sold under sever ...

New public holding rules for cos under insolvency

17 Jan

The board of Sebi on Wednesday said that when a company under Insolvency and Bankruptcy Code (IBC) resolution is re-listed, it should have at least 5% ...

Small personal loans up 4.5 times in 2 years

16 Jan

Small-ticket personal loans, which were the scourge of the crisis in the same segment a decade ago, are back. This time, they are being driven by soft ...

Tata sons not a family-run venture to be led only by a Tata: SP Group

16 Jan

SP Group told the Supreme Court on Tuesday that Tata Sons was not a family-run enterprise to be headed only by a Tata and emphasised that to end oppre ...

Govt all set to launch 'Brand India' mission

16 Jan

The government is all set to launch a ‘Brand India’ mission, focused on the promotion of quality products that are manufactured in the country. The mo ...

Three boards proposed under Labour codes

16 Jan

The government will soon set up three national boards to determine the minimum wages, social security parameters, and safety and health standards for ...

The FSDC took stock of macroeconomic developments and financial stability issues, both global and domestic

15 Jan

The Financial Stability and Development Council (FSDC) took stock of macroeconomic developments and financial stability issues, both global and domest ...

BPCL Panel to hold Additional Meet to sort Techical issues

15 Jan

An evaluation committee on privatisation of Bharat Petroleum Corporation Limited NSE 0.34 % (BPCL) is expected to meet on Tuesday to consider the thre ...

US- Based PE Oaktree top DHFL bidder with 37000 crores

15 Jan

US-based private equity fund manager Oaktree Capital Management has emerged the highest bidder for Dewan Housing Finance (DHFL) in the latest round of ...

RBI allows Uday Kotak to lead bank for three more years

15 Jan

The Reserve Bank of India (RBI) has approved the re-appointments of Uday Kotak as MD & CEO of Kotak Mahindra Bank for three years, the lender info ...

FM begins pre-budget talks with India Inc

15 Jan

Finance minister on Monday kicked off her pre-Budget interactions and met representatives from India Inc to get their views for the 2021-22 Budget, wh ...

At 1.55%, November WPI reaches nine-month high

15 Jan

India’s wholesale inflation rose for the fourth consecutive month and firmed up to a nine-month high of 1.55% in November driven by manufactured items ...

NHAI to invite Pvt Cos to build Logistic Parks

15 Jan

The National Highways Authority of India (NHAI) is set to invite private players to build multi-modal logistics parks (MMLPs), with the earliest bids ...

NITI Aayog proposes surveillance platform to strengthen India’s public health system

15 Jan

NITI Aayog has proposed setting up of a Surveillance Information Platform as it plans to strengthen India’s public health surveillance system, a need ...

Tatas bid for Air India, 67 years after exit

14 Jan

Tata Group, India’s largest conglomerate, is believed to have submitted an expression of interest for the beleaguered national carrier Air India over ...

Govt scheme to reduce need for crop loan recast

14 Jan

Bankers expect restructuring requests from corporates to drop drastically because of the extension of the ‘emergency credit line guarantee scheme’ whi ...

Rs 1.58 lakh cr given to 4.05 m borrowers under ECLGS: FM

14 Jan

About Rs 1.58 lakh crore has been disbursed to nearly 4.05 million borrowers by banks and non-banking financial institutions under the Emergency Credi ...

Revenge consumption: Surat Diamand units working overtime to meet US Demand

14 Jan

Revenge consumption of diamonds from the US is driving manufacturing units in Surat to work overtime to meet the demand. There has been a shortage of ...

Mask oversupply may see 50% cos shut shop

14 Jan

From a panic situation of an extreme shortage in April, India now faces an oversupply of surgical and N95 masks. More than half of the manufacturers ( ...

RBI governor calls for a balanced approach for liquidity

14 Jan

RBI Governor Mr. Shantikanta Das said when we went into the pandemic, there was a synchronised slowdown already across countries. The financial market ...

Easier norms for contactless use may boost cards

07 Jan

he Reserve Bank of India’s decision to hike the limit on contactless payments without entering a PIN to Rs 5,000 from Rs 2,000 earlier is expected to ...

Over 60% of RBI’s high frequency indicators above pre-Covid levels

07 Jan

Of the 48 high-frequency financial indicators tracked by the Reserve Bank of India (RBI), 18 remained under pre-Covid ranges, whereas the remaining ju ...

Dabur and Marico quarrel after CSE report on honey

07 Jan

Two leading homegrown rival FMCG brands Dabur and Marico are in an open spat with each other over claims regarding their honey brands and have taken t ...

FPI’s invest appx.18000 crs. in first 4 days of December

07 Jan

Overseas investors remained net buyers to the tune of Rs 17,818 crore in Indian markets in first four trading sessions of December amidst better than ...

IFCI may be put up for strategic sale

07 Jan

State run non-banking finance company IFCI Ltd may be put up for strategic sale, a senior official told ET.
Strategic sale indicates transfer of ma ...

Govt. may run ESIC hospitals

07 Jan

The Centre is proposing to run all new hospitals planned by the Employees’ State Insurance Corporation instead of handing them to state governments....

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RBI extends liquidity to stressed sectors with cheaper refinance

05 Jan

Stressed sectors have got a fresh line of support with the RBI extending its targeted long-term repo operations (TLTROs) to the 26 industries — includ ...
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Report on corporations in banking is by a panel and not RBI’s view or decision

05 Jan

RBI Governor Shaktikanta Das clarified on 04th Dec. 2020 that allowing corporates to promote banks is not the RBI's view, and the central bank will ta ...
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Banks must invest more in IT systems: RBI

05 Jan

A day after the RBI asked HDFC Bank to halt digital initiatives and credit card sales, RBI governor Shaktikanta Das said that banks need to invest mor ...
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RBI holds rates, projects positive Q3 GDP growth, higher inflation

05 Jan

Reserve Bank of India (RBI) on 05.12.20 left interest rates unchanged for the third straight time amid persistently high inflation and said the econom ...
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Center asks states to ensure policy stability

05 Jan

he Centre is looking to seek policy stability commitment from states, worried that any sudden and abrupt policy reversals locally could derail its pus ...
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Not just pent up demand that is reviving economy: FM

05 Jan

India’s economic recovery post the pandemic is sustainable, finance minister Nirmala Sitharaman said at an event on 4th Dec., pointing to the Goods an ...
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NCLT clears Jio’s Rs.4000 crs. plan for reliance infratel

04 Jan

The National Company Law Tribunal on Thursday approved a resolution plan of Reliance Infratel following which lenders may get around Rs 4,400 crore an ...
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Flipcart hives off Phonepe, payment company valued at appx 40000 crs.

04 Jan

Digital payments major PhonePe has been hived off from parent entity, Walmart-owned Flipkart Group, and will be valued at $5.5 billion, the company sa ...
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SC orders Franklin MF: Seek investors’ consent before shutting schemes

04 Jan

The Supreme Court on Thursday permitted Franklin Templeton Trustee Services to hold meeting with unit holders of six debt schemes that the company pro ...
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IRDAI to ban credit-linked group health insurance

04 Jan

Insurance regulator Ildai has proposed a ban on credit-linked group health insurance, including compensation for serious illnesses bundled with mortga ...
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RBI puts curbs on HDFC’s business after e-banking outages

04 Jan

In an unprecedented move, the Reserve Bank has temporarily barred HDFC Bank from launching digital banking initiatives and issuing new credit cards af ...
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Services activity expands for 2nd straight month

04 Jan

Services activity — the biggest sector of India’s economy — saw growth easing in November, but the index remained in expansion zone for the second mon ...
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Nearly 60 applicants rush bid for Reliance Capital biz

03 Jan

Near 60 firms, most of them non-public fairness buyers, have proven curiosity in bidding for the group firms of Reliance Capital (RCap), which embody ...
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Rising debit bounce rate indicates stress

03 Jan

India’s retail borrowers are still to find their feet as seen from the failure of a large number of auto-debit transactions in October, underscoring g ...
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SC stays order for CCI probe against Flipcart

03 Jan

The Supreme Court on 02nd Dec. stayed the March 4 order of National Company Law Appellate Tribunal (NCLAT) asking fair trade regulator CCI to again in ...
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Salesforce to buy office chat app Slack for $28bn

03 Jan

Salesforce on 1st Dec 2020 capped cloud computing 2020 work-from-home boom with an announcement that it would pay $27.7bn for workplace chat app Slack ...
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SC rejects plea to reopen Sterlite Tamil Nadu plant

03 Jan

The Supreme Court on Wednesday dismissed the interim plea of mining major Vedanta Ltd seeking permission to inspect its Sterlite copper unit at Tutico ...
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24 industries can add 30 million jobs: Piyush Goyal

03 Jan

Commerce and industry minister Piyush Goyal on Wednesday said the government has identified 24 industry sectors which can add Rs 20 lakh crore of annu ...
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Pandemic e-tail push creates 3 lacs delivery & supply chain jobs

02 Jan

The pandemic-induced demand for e-commerce created 2.5-3 lakh temporary delivery and supply chain jobs in India during the recently concluded festive ...
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Mfg activity dips to 3 month low in November 20

02 Jan

A mixed set of data points for some high-frequency indicators have pointed to the challenges the economy may face as it looks to quickly regain normal ...
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States debt to hit 36% of their GDP

02 Jan

The pandemic-hit states are staring at a record 36% jump in their indebtedness to ₹68 lakh crore, which will be a decadal high this fiscal year as the ...
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Freight corridor to open 40% of its routes by April 2020

02 Jan

Indian Railways will be running freight trains on 40 per cent length of its dedicated freight corridor (DFC) by next year.The DFC Project is worth Rs ...
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Govt. to challenge Anil Ambani’s stance on personal guarantee law

02 Jan

The government and the Insolvency & Bankruptcy Board of India (IBBI) are likely to challenge the stance taken by ADAG chairman Anil Ambani and for ...
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Down from festive highs, auto sales up from November 2019

02 Jan

Down from festive highs, auto sales up from November 2019Automotive and two-wheeler gross sales took a breather from the highs of festive months, howe ...
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Gender diversity increasing in mining and mfg Cos

30 Jan

India Inc has quietly progressed on the gender diversity front in spite of the pandemic. Engineering firm ABB, Hindustan Zinc (HZL), Sun Life Asia Ser ...
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India’s FY21 GDP sees upward revisions on faster Q2 rebound

30 Jan

Forecasters are revising upwards their projection for the current fiscal’s GDP growth after better-than-expected numbers for the second quarter. Most ...
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Jan Dhan cash transfers boost ATMs in Bharat

30 Jan

With Jan Dhan accounts and the government’s direct benefit transfers (DBT), ATM usage has gone up in rural areas. This is most clearly seen by the tre ...
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RBI may keep policy rates unchanged

30 Jan

The central bank is expected to keep interest rates unchanged this week, fettered by stubbornly high inflation, according to a Mint survey of 10 econo ...
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Consumer companies advertisement expenditure near normal

30 Jan

India’s largest consumer companies Hindustan Uniliver, Amul, Britania, ITC, LG, Marico, Emami, Parle Products and Dabur said their spending on adverti ...
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Lack of digital connect puts Post Office schemes investors in a spot

30 Jan

Millions of consumers, particularly the elderly, who have invested in popular small savings schemes offered through post offices are facing a tough ti ...
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Eight core sector output falls 2.5% in Oct on oil woes

28 Jan

Core sector output contracted by higher than expected 2.5% during October, due to a sharper fall in refinery output and lower steel production, althou ...
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NSE turnover hits record Rs.1.5 Lakh cr. on Morgan Stanley revamping

28 Jan

Cash segment turnover on the NSE touched a record high of Rs 1.5 lakh crore on Friday, driven by foreign fund buying after MSCI (Morgan Stanley Capita ...
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Fiscal deficit at 120% of FY21 target

28 Jan

India's budgetary fiscal deficit for the April-October 2020-21 period stood at Rs 9.53 lakh crore, or 119.7 per cent of the budget estimates (BE).The ...
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UP, Gujarat, Rajasthan, Himachal and MP to raise Renewable Energy targets

28 Jan

Chief ministers of major states pledged to increase their targets for renewable energy and encourage local manufacturing with incentives, cheering inv ...
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Govt. cites pandemic to oppose moratorium on loan to specific sectors

28 Jan

The government on Friday cited constraints imposed by the country’s economic situation and the uncertainty over the Covid-19 pandemic to oppose any fu ...
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Govt says recovery under way, warns of Covid surge

28 Jan

The government said on Friday that GDP numbers for the second quarter were better than expected and there was a potential for an upside, but urged cau ...
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Used auto e-portal Car24 zooms to $1bn valuation

25 Jan

Global technology investment firm DST Global, which has backed Indian startups like Swiggy, Udaan, Ola and Byju’s, is leading a $200-million funding i ...
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Toyota issues lock-out notice again at Bidadi plants

25 Jan

Toyota Kirloskar Motors Private Ltd (TKM) on 24.11.20 said it has decided to extend the lockout at its plant in Bidadi near Bengaluru, as the situatio ...
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Spending on electronics and home appliances up 10%-20% this Diwali

25 Jan

More consumers are now open to loosen their purse strings and upgrade their homes with higher capacity and higher-end products with advanced features. ...
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Hospitality industry gets the hit due to fresh curbs come into force

25 Jan

Rising Covid-19 cases in markets such as Delhi, Mumbai, Goa, Himachal Pradesh, Rajasthan and Gujarat, and a new wave of travel restrictions and curfew ...
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Services Exports Sops Scheme revamp soon

25 Jan

The government is looking to revamp a key exports incentive scheme for the services sector, the hardest hit by the Covid-19 pandemic. The proposed rev ...
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As economy opens up, hiring increases in September: Study

25 Jan

As businesses reopen, the job market is showing recovery and the competition for open vacancies is easing, and the opportunities gap between those wit ...
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Rajan, Acharya caution against proposal to allow corporate houses to set up banks

24 Jan

he RBI working group’s proposal to allow corporate houses to set up banks is a “bombshell” and at this juncture, it is more important to stick to the ...
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Coal India plans solar projects worth Rs.5650 crore

24 Jan

State-owned Coal India on Monday said it plans to set up 14 rooftop and ground-mounted solar power projects of 3,000 Mw capacity by 2023-24, which wil ...
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Franklin MF moves SC over closure of 6 schemes

24 Jan

Franklin Templeton Mutual Fund (MF) is moving the Supreme Court (SC) against the Karnataka High Court’s order that said unitholders’ consent was neces ...
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It will be hybrid work model in future: Zoom

24 Jan

Zoom said it will not be business as usual in India even as people are expected to slowly start returning to office next year and corporates will adop ...
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Net FPI inflows into equities near record peak in November 2020

23 Jan

Monthly foreign fund buying in domestic equities in November is on the cusp of breaking the all-time high record set in August this year, if the curre ...
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Tyre companies gets into growing rubber in northeast

23 Jan

In a unique initiative, tyre manufacturers are pumping money to grow raw material — natural rubber — in the northeast. This is a template that could b ...
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Govt. weighs two options for pre-pack IBC resolution

23 Jan

India is considering two options for pre-packaged Insolvency Resolution, including one that includes private discussions between promoters and the fin ...
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TDSAT dismisses Netmagic’s plea to prevent DoT from seeking AGR dues

23 Jan

The telecom tribunal has dismissed Internet service provider (ISP) Netmagic Solutions' plea to prevent the Department of Telecommunications (DoT) from ...
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Kirana King raises Rs.7 crore from RVCF to expand footprint

23 Jan

The Pink City-based grocery shop aggregator Kirana King raised pre-series A funding of Rs 7 crore from Rajasthan Venture Capital Fund to fund its expa ...
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Byju’s in talks to raise fresh funds of $200 mn

23 Jan

Education technology firm Byju’s is in talks to close fresh financing of around $200 million from US asset manager T Rowe Price and existing investor ...
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RBI panel proposes to allow large corporate houses to set up banks

21 Jan

An internal committee of the Reserve Bank of India (RBI) on November 20 proposed an overhaul of the licensing policy for private banks and suggested a ...
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SEBI seeks lower promoter dilution for large IPOs

21 Jan

A Sebi panel has proposed easier public float norms for large IPOs with a post-offer market capitalisation of more than Rs 10,000 crore. It said such ...
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CCI approves RIL and Future Retail business deal

21 Jan

The Competition Commission of India (CCI) on November 20 approved Future Retail Ltd’s asset sale to Reliance Industries Ltd (RIL), in a setback for Am ...
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Mittal and UK govt to offer global telecom connectivity via space

21 Jan

OneWeb, Sunil Mittal and the UK government's rival venture to Elon Musk's SpaceX will start beaming signals to India, along with several parts of Euro ...
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Labour Ministry proposes extension of daily working hours from 10.5 to 12

21 Jan

The labour ministry has proposed maximum 12 working hours in a day inclusive of intervals under the draft rules on Occupational Safety, Health and Wor ...
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Eight banks suffer a higher rate of failure in digital transactions

21 Jan

At least eight Indian banks, mostly public sector lenders, suffered a high rate of failure in digital transactions during October as online payments s ...
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Sebi seeks SC direction for two Sahara companies to pay Rs 63000 Crore

20 Jan

The Securities and Exchange Board of India (Sebi) has moved the Supreme Court, seeking a direction to Subrata Roy's two Sahara Group companies to pay ...
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Furious shareholders of Laxmi Vilas Bank seek fair value for bank

20 Jan

Individual shareholders of Lakshmi Vilas Bank (LVB) are objecting to the RBI’s merger proposal of the bank with DBS Bank India. They point out that, w ...
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Power generating companies pleaded for loan relief during pandemic

20 Jan

Encouraged by the Supreme Court's intervention through a PIL to get compound interest on loans up to Rs 2 crore waived off, power generating firms Thu ...
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Dividends will cover BPCL acquisition cost, but how will Vedanta secure funding

20 Jan

Metals-to-oil conglomerate Vedanta's interest in buying Bharat Petroleum Corp Ltd (BPCL) is a natural progression towards downstream integration that ...
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DRI detects double benefit through IGST exemption on imports and refund on exports

20 Jan

The Directorate of Revenue Intelligence has asked various importers to pay up customs duty on goods imported under advance authorisation or export ori ...
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Chinese auto companies' India investment plans stall amid border tensions

20 Jan

Investment plans by Chinese automobile companies worth about $5 billion face delays of two years or more as tensions at the border remain unresolved. ...
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Shapoorji Pallonji urges SC to separate its interests from Tata Group

19 Jan

After partnering with the Tata Group for the last 55 years, the Shapoorji Pallonji (SP) Group on 18.11.20 requested the Supreme Court to separate its ...
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12 MOUs to be signed at Bangaluru Tech Summit

19 Jan

Bengaluru Tech Summit, 2020 (BTS2020) organised by the Government of Karnataka along with Karnataka Innovation and Technology Society (KITS), Karnatak ...
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RBI Ready to meet deposit shortfall at Laxmi Vilas Bank

19 Jan

LVB has the full backing of the RBI to ensure that there is no cash shortfall. Nobody needs to get panicky about the safety of their money. Lakshmi Vi ...
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Wipro growth has been modest in the past: CEO

19 Jan

Wipro CEO Thierry Delaporte said the company's growth has been modest and far less than its competitors in the past. He said the recent organisational ...
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Now NCLT nod must for mergers with FDI

19 Jan

All mergers and acquisitions involving foreign direct investment will require approval of the National Company Law Tribunal as a “necessary preconditi ...
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IBBI modifies regulations to expedite liquidation

19 Jan

To expedite the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to enable the liquidator of a stresse ...
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Govt Caps Withdrawal From Lakshmi Vilas Bank At ₹25,000 a month

18 Jan

In a joint operation, the Reserve Bank of India on Tuesday announced a plan to merge Lakshmi Vilas Bank (LVB) with DBS Bank India, minutes after the g ...
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Vedanta and two global funds are among bidders for BPCL

18 Jan

Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the govern ...
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Investment banks sound optimistic on India's economic recovery

18 Jan

Global investment banks, Goldman Sachs and Morgan Stanley, have sounded optimistic about India’s economic recovery and have forecast a strong rebound ...
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Sugar production records 191% Year on Year growth

18 Jan

A good rainfall in sugar producing belts of Maharashtra and Karnataka has resulted in a bumper production of the crop for the period ended November 15 ...
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Centre may bar sourcing of 'critical telecom equipment' from China

18 Jan

The government is considering amending licence conditions to at least bar telcos from sourcing 'critical equipment' for their networks from Chinese co ...
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New indicators likely to be added for states' logistics ranking

18 Jan

In a move aimed at improving competitiveness of states on logistics, the government is likely to widen the ambit of perception-based index of mobility ...
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BPCL stake sale gets multiple bids

17 Jan

Global and domestic companies submitted expressions of interest (EoI) for the government’s stake in Bharat Petroleum Corp Ltd by the November 16 deadl ...
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The government of India won't sign free trade agreements

17 Jan

The government on November 16 said it will not sign free trade agreements, which in reality were “trade deals with China by stealth”, with foreign min ...
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Wholesale inflation rises to 8-month high of 1.5% in October 2020

17 Jan

Wholesale inflation shot up to an eight-month high in October as food prices, particularly vegetables remained firm and manufactured products also har ...
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Tractor exports dip 5.5% as companies focus on booming domestic market

17 Jan

With robust domestic demand for tractors, manufacturers have deprioritised exports and are focussing production on home demand instead. As a result tr ...
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Maruti Suzuki India sells over two lakh cars via online channel

17 Jan

The country’s largest carmaker Maruti Suzuki India on November 16 said it has sold over two lakh cars through the online channel. The company, which i ...
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Thailand and EU question India's import restrictions on tyres, ACs and TV sets

17 Jan

India's restrictions on imports of air conditioners, tyres and TV sets have drawn the ire of Thailand and European Union, which raised the issue at a ...
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RBI warns of ‘unrelenting’ inflation related problems

12 Jan

Even as it advanced its projections for an economy recovery, the RBI warned that keeping the system flush with funds, to keep long-term rates low, is ...
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ONGC eyes stake in $1bn Senegal field in distress sale

12 Jan

ONGC Videsh Ltd has entered into a definitive agreement to buy cash-strapped Australian company FAR’s stake in the $4.2-billion Rufisque-Sangomar offs ...
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Bank employees to get 15% salary hike

12 Jan

Bank unions and the Indian Banks’ Association (IBA) signed a bipartite wage agreement on Wednesday, giving bank employees 15 per cent hike and pushing ...
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Tax collection should not trouble anyone: PM

12 Jan

Prime Minister Narendra Modi said on Wednesday that tax collection should not cause inconvenience to the common man but when public funds reach citize ...
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Amazon asks Sebi to probe Future Retail for insider trading

12 Jan

Amazon.com has asked the country’s market regulator to investigate Future Retail for insider trading, a letter seen by Reuters showed, as it seeks to ...
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DOT seeks legal view on additional AGR dues payment

12 Jan

The Department of Telecommunications has sought legal opinion from Solicitor General Tushar Mehta on whether the Supreme Court’s order on adjusted gro ...
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Health Insurance premium zooms up by upto 200%

11 Jan

Persons seeking health insurance must be ready for an unpleasant surprise. Policyholders are seeing their renewal premiums go up by 5-200%. Most insur ...
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Retired bankers might get one rank one pension plan

11 Jan

Retired PSU bankers may get benefits of the One Rank One Pension (OROP) scheme. Armed forces veterans are demanding OROP implementation for a long tim ...
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July- Sept 2020 best quarter for PC market in 7 years

11 Jan

Overall, PC shipments grew 9.2% from the year earlier in the three months ended 30 September to 3.4 million units. India’s PC market recorded its best ...
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Bidders jack up DHFL offers, Oaktree’s remain unaffected

11 Jan

Lenders to the troubled Dewan Housing Finance Corporation Ltd (DHFL) have received revised offers from its four bidders, with the highest tender now a ...
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Harley Dealers may have to shut shops over compensation issues

11 Jan

Harley-Davidson's dealers on Tuesday said they were looking at taking legal action against the US bike manufacturer, which in September announced exit ...
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Banks asked to ensure to seed all accounts with Aadhar

11 Jan

Finance Minister Nirmala Sitharaman has directed banks to seed all account with Aadhaar numbers of their respective holders by March 2021.
Addressi ...
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CCI orders inquiry against Google for alleged unfair practices

10 Jan

The Competition Commission of India (CCI) has ordered a probe into Google’s dominance in multiple areas. These are in relation to its app store, the A ...
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Banks report lower NPAs for September quarter

10 Jan

Contrary to expectations that there would be an increase in bad loans in the banking sector due to Covid-19, the ratio of non-performing assets (NPAs) ...
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Debt inflows take Mutual Funds assets to record high of Rs 28 Lakh Crore

10 Jan

Strong inflows in debt schemes lifted mutual fund industry assets to a record high at Rs 28.2 lakh crore at the end of October, although the rise was ...
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Pick up in business activity continues in November

10 Jan

Business activity picked up further in the first week of November, carrying over the improvements seen across economic indicators in October, accordin ...
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Pension Fund Regulatory Development Authority gearing up for National Pension System separation

10 Jan

The Pension Fund Regulatory Development Authority has started an exercise to separate its twin functions that are often seen as a conflict of interest ...
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Sensex at new peak as Biden victory stimulates foreign buying

10 Jan

A ‘Biden rally’ pushed Indian markets to record highs on Monday. News of a likely potent Covid vaccine has now set the stage for it to soar higher. At ...
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Contraction in GDP could be a lot lesser than estimated

09 Jan

Indian economy’s contraction could be a lot less than estimated earlier as business activity bounces back from abysmal levels driven by opening up of ...
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AGR verdict only partial relief, 'pricing revival' is critical for growth: telcos

09 Jan

The telecom industry has termed the Supreme Court’s recent verdict allowing telcos to spread payment of adjusted gross revenue (AGR) dues over 10 year ...
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Phone imports surge in Sept as local output fails to meet demand

09 Jan

Smartphone imports surged by about a fifth in September, indicating that local output is yet to catch up with peak festive season demand, even as Indi ...
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Fifteenth Finance Commission recommends a 41% of central tax revenue go to states

09 Jan

Amid the tug of war between the central and state governments for more resources, the Fifteenth Finance Commission (FFC) chaired by NK Singh is learnt ...
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Joe Biden to make fairer immigration policy

09 Jan

A Joe Biden-led US administration is expected to make immigration rules fairer, changing the environment for Indian IT services companies into somethi ...
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Indian Pharma sector to benefit from Biden presidency

09 Jan

The Indian pharma sector is expected to benefit from the Biden presidency on the back of an increased push for generic prescriptions and access to aff ...
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Debt funds must invest 10% in liquid assets: Sebi

07 Jan

In a ruling that will impact most debt funds, markets regulator Sebi has mandated that these schemes hold at least 10% of their assets in liquid instr ...
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Jet Airways' RP files revival plan before NCLT

07 Jan

The resolution professional (RP) of Jet Airways has filed a revival plan recently approved by the committee of creditors with the National Company Law ...
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Large NBFCs can become banks: RBI

07 Jan

The Reserve Bank of India (RBI) has said that there is a case for systemically important non-banking finance companies (NBFCs) beyond a certain size t ...
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Amazon's consent is must in restructuring of Future Retail: Singapore Ruling

07 Jan

The emergency arbitrator in the Singapore International Arbitration Centre (SIAC) has said that, in the Amazon-Future dispute, the US-based online ret ...
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India, Japan and Australia to boost trade and investment

07 Jan

India, Japan and Australia are likely to set up a trilateral framework to address trade and investment barriers along with trade and investment promot ...
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Bank loan growth still poor, despite easing policy rates

07 Jan

The Indian banking system loan growth continues to be tepid even as some pockets like loans to retail and medium sized firms picked up in September. B ...
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WhatsApp Pay finally gets approval to start with 20 million users

06 Jan

After being stuck in beta mode for over two-and-a-half years, popular messaging platform WhatsApp has got the regulatory approval to launch on Unified ...
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SAT upholds Sebi order against RIL in 2007 insider trading case

06 Jan

The Securities Appellate Tribunal (SAT) on November 5 dismissed an appeal by Reliance Industries (RIL) challenging a Sebi order in connection with its ...
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Saudi wealth fund buys 2% in Reliance Retail for Rs 9,555 crore

06 Jan

Saudi Arabia’s Public Investment Fund (PIF) will put Rs 9,555 crore ($1.3 billion) in Reliance Retail Ventures for a stake of just over 2%, the two co ...
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Japan to offer aid to 2 companies moving manufacturing base from China to India

06 Jan

Japan has agreed to offer financial assistance to two companies, Toyota-Tsusho and Sumida, to diversify their manufacturing base to India as part of i ...
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Television advertisements hit record high in season of festivals and IPL

06 Jan

Advertisers were back in full force on TV this festive season, with volumes spiking to record levels in the second half of October in the run-up to Di ...
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Oil slips with Biden on the verge of victory in U.S. election

06 Jan

Oil snapped three days of gains, with Democratic nominee Joe Biden on the brink of a narrow victory in the U.S. election. Futures in New York lost 0.7 ...
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SBI's net profit rises 52% to Rs. 4574 crore

05 Jan

State Bank of India’s net profit for the quarter ended September 2020 rose 52% to Rs 4,574 crore from Rs 3,012 crore a year ago. Profits rose as provi ...
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Services sector registers growth in October for first time since February

05 Jan

Indian service sector activity ended the seven-month sequence of decline and registered growth in October, supported by improved market conditions ami ...
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More mediclaim buyers use EMIs to buy health policies

05 Jan

Non-life insurers are seeing rising demand for health policies under the equated monthly instalment (EMI) option. Insurers attribute this to reduced a ...
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Economy to reach pre-pandemic levels by year-end: Finance Ministry

05 Jan

The Indian economy is poised to reach pre-pandemic levels by the end of this year based on the trends observed so far, barring the incidence of a seco ...
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CBDT issues over Rs. 1,29,190 crore refund since April

05 Jan

The Central Board of Direct Taxes (CBDT) has so far issued over Rs 1,29,190 crores in refunds to over 39.49 lakh taxpayers from April till November 3, ...
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Air traffic may rise to pre-Covid levels by March: Vistara

05 Jan

Vistara said on November 4 that its capacity utilisation is likely to go back to pre-Covid-19 levels in another five-six months from 60% now, an indic ...
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Sarfaesi Act may be amended for clarity

04 Jan

The union government is thinking to amend the Sarfaesi Act to remove stumbling block which is presently preventing the asset reconstruction companies ...
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Punjab and Maharashtra Cooperative Bank (PMC) looking for investors as it may convert to small finance bank

04 Jan

In a first, the RBI-appointed administrator of Punjab and Maharashtra Cooperative (PMC) Bank has come up with a revival strategy where private investo ...
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High Home Loan demand triggers interest rate war

04 Jan

A surge in demand for home loans in October has triggered a rate war. Kotak Bank is now offering home loans at 6.75% — the second reduction in less th ...
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Stock market may fluctuate wildly for short term due to US polls

04 Jan

Indian markets could witness short-term volatility due to the outcome of the US presidential election.Over the long run, however, it’s the domestic ec ...
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Tamilnadu gets highest investment in April-Sept 2020

04 Jan

Tamilnadu leads Indian states in attracting investments during the first half of FY21, having managed to grab 16 per cent of the funds that came into ...
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Exports fall 5% but trade deficit narrows to $8.8 bn Oct 2020

04 Jan

India’s exports fell in October, while the imports declined at a faster clip, despite a moderation from the previous month, helping narrow the trade d ...
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Manufacturing activity rises at fastest pace in 13 years

03 Jan

Manufacturing sector conditions in India continued to improve in October with companies raising output to the greatest extent in 13 years amid robust ...
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Ola plans to diversify into electric scooter manufacturing

03 Jan

Ola, founded by Bhavish Aggarwal and Ankit Bhati, plans to foray into electric scooter manufacturing, switching gears from being a taxi aggregator to ...
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Companies restoring salaries and giving Diwali bonuses

03 Jan

The festival of lights has ushered joy into people’s lives with some companies doling out Diwali bonuses. Employers are also restoring salary levels w ...
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Ministry of Road Transport and Highways relaxes eligibility criteria for road projects

03 Jan

The ministry of road transport and highways (MoRTH) on November 2 revised the eligibility criteria for road projects built on Engineering, Procurement ...
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Business sentiment rises up to 41% during July-September

03 Jan

Business sentiment shot up by 41% during the July-September quarter from a record low in the previous quarter, according to the Business Expectation S ...
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Centre extends Emergency Credit Line Guarantee Scheme till November 30

03 Jan

The government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by a month till November 30 until the entire Rs 3 lakh crore made avail ...
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Amazon asks for over Rs. 1,400 crore for damages in a scheme of arrangement: Future Retail

02 Jan

Future Retail said Amazon has sought damages of Rs 1,431 crore plus interest in a regulatory filing on November 1. This is the amount the e-tailer has ...
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Infra trust to take over road assets of IL&FS Transportation Networks (ITNL)

02 Jan

The setting up of a framework to transfer road assets of IL&FS Transportation Networks (ITNL) into an Infrastructure Investment Trust (InvIT) ...
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UPI crosses 2 billion payments mark in October on festive and Covid push

02 Jan

Payments through Unified Payments Interface (UPI) crossed the 2-billion mark in monthly transactions for the first time in October. UPI transactions t ...
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Diesel sales rise above pre-Covid level by 6% in October on festive demand

02 Jan

India’s diesel consumption in October shot past the pre-pandemic level for the first time since the lockdown, while petrol and power demand continued ...
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India's Power consumption rises 13% in October

02 Jan

India's power consumption grew 13.38 per cent to 110.94 billion units (BU) in October this year, mainly driven by buoyancy in industrial and commercia ...
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Bharti Airtel performed better than both Jio and Vodafone Idea in Quarter 2

02 Jan

Bharti Airtel turned in a stronger operation performance than rivals Reliance Jio Infocomm and Vodafone Idea (Vi) in the seasonally week second quarte ...
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RIL Q2 net profit falls 7%, Jio adds most to operating profit

31 Jan

Reliance Industries (RIL), India’s largest company in terms of market value, reported a 7% fall in its second quarter profit to Rs 10,602 crore due to ...
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Apple records 37% rise in September quarter sales in India

31 Jan

The Indian market is booming for Apple and Tim Cook, the company’s CEO, who made a special mention about the business here at the electronics giant’s ...
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Indian Airline appoints a female CEO for the first time

31 Jan

Breaking the glass ceiling of Indian aviation, a woman has become the CEO of an Indian carrier for the first time, with the government appointing Harp ...
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Jack Ma's Ant IPO attracts at least $3 trillion of bids from individual investors

31 Jan

The biggest initial public offering of all time has unleashed an investor frenzy for the record books. Jack Ma’s Ant Group Co attracted at least $3tn ...
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Mumbai's residential property sales rise over 36% on year jump in October

31 Jan

Residential property sales in Mumbai, the country's hottest property market, has registered a sharp recovery with an over 36% on-year jump in October ...
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India to introduce production-linked incentive schemes for 9-10 sectors

31 Jan

India will soon introduce production-linked incentive schemes for nine to 10 sectors to encourage local manufacturing, although the tariff support off ...
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Shapoorji Pallonji Group offers cashless plan to Tatas to fast-track exit

30 Jan

The Shapoorji Pallonji (SP) Group has sought a vertical split of Tata Sons’s assets and liabilities in proportion to its 18.37% stake as part of its p ...
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SC transfers to itself writ petitions challenging certain IBC provisions

30 Jan

The Supreme Court, on October 29, directed the transfer to itself a batch of writ petitions challenging IBC provisions related to insolvency of person ...
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New tax regime doesn't allow LTC cash voucher tax benefit

30 Jan

Two weeks after announcing the LTC cash voucher scheme for central government employees, the finance ministry on Thursday said the benefit will not ac ...
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India's April-Sept fiscal deficit at Rs 9.1 lakh crore

30 Jan

India’s fiscal deficit stood at Rs 9.1 lakh crore halfway through this financial year, exceeding the full-year target of Rs 7.96 lakh crore by almost ...
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Plans in progress to bring two schemes under EPFO

30 Jan

The government is proposing to bring the voluntary pension scheme for small traders and unorganised workers under the ambit of the Employees Provident ...
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Centre introduces new law to tackle air pollution in Delhi-NCR

30 Jan

The Centre has brought in a new law through ordinance to set up a commission to tackle the problem of air pollution in Delhi-National Capital Region ( ...
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Tatas to explore non cash settlement with SP Group

29 Jan

Tata Sons could explore a non-cash settlement with the estranged minority shareholder Shapoorji Pallonji (SP) Group to minimise the financial burden i ...
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Pramod Mittal bailed out, will only have to pay Rs. 42 crore out of Rs. 24000 crore he owes

29 Jan

Creditors have approved a proposed individual voluntary arrangement (IVA) by Pramod Mittal, brother of one of the world’s richest men, Lakshmi Mittal, ...
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Delhivery may become a top delivery company in India by revenue

29 Jan

SoftBank-backed logistics major Delhivery would emerge as the largest supply chain company in India by revenue, said its joint MD & chief business ...
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Relief of compound interest to be auto-credited into accounts

29 Jan

Borrowers need not apply for the interest-on-interest waiver scheme for the six-month loan moratorium, the finance ministry has said, asking lend ...
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Haryana RERA penalises several realtors for malpractices

29 Jan

Acting tough, the Haryana Real Estate Regulatory Authority has penalised several colonisers for indulging in malpractices. The RERA bench, headed by i ...
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ITAT revokes the penalty imposed against TATA by Income Tax deptt.

29 Jan

In a major relief, the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Jamsetji Tata Trust denying the penalty imposed on the trust by the ...
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Harley to partner Hero MotoCorp to run its business in India

28 Jan

After shutting down its only factory in India last month due to poor, loss-making operations, cult American bike maker Harley-Davidson has decided to ...
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Airtel sees highest ever quarterly revenue

28 Jan

Bharti Airtel, the country’s second-largest telecom operator, on October 27 reported its highest-ever quarterly consolidated revenue on the back of a ...
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Pandemic to wipe out 3 years of states' fiscal gains: RBI

28 Jan

The Reserve Bank of India (RBI) has warned that the Covid-19 pandemic will wipe out three years of fiscal consolidation gains of the states. It also s ...
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Tatas to acquire up to 51% stake in Bigbasket

28 Jan

The Tata Group is exploring the acquisition of a large stake in Bigbasket in a deal which has the potential of being the biggest investment by a local ...
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Home, Vehicle and Rural Loans top pre Covid levels

28 Jan

Home, Vehicle and Rural loans are helping banks and non-bank lenders spare their blushes even as they remain risk averse to unsecured and wholesale cr ...
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ICICI Prudential Life Q2 net profit marginally up at Rs 303 crore

28 Jan

ICICI Prudential Life Insurance on October 27 reported a marginal rise in net profit at Rs 303 crore for September quarter of the current fiscal year. ...
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Centre ready to challenge Vodafone arbitral award

27 Jan

Armed with an opinion from Solicitor General Tushar Mehta that an arbitral tribunal can’t render a law passed by a sovereign Parliament ineffective, t ...
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The govt should credit interest relief by Nov 5

27 Jan

The government gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus ...
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Govt in no hurry for big PSU selloffs over mkt appetite

27 Jan

The government is going to retain oil, power, coal and banking among strategic sectors with public sector presence, and move in a calibrated way in pr ...
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Industry seeks easier Income Tax rules for foreign nationals

27 Jan

Industry bodies including CII, FICCI, Assocham and US India Strategic Partnership Forum (USISPF) have sought exemption from personal tax for foreign d ...
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Consumer goods makers get festive booster shot

27 Jan

The festive season has offered some much-needed cheer to the corona-hit shopper items business, with retail gross sales within the 10-day Navratri to ...
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Future and Amazon may legally fight out stay on RIL deal in Delhi HC

27 Jan

Echoing Reliance Industries, Future Group on Monday mentioned the Singapore Worldwide Arbitration Centre (SIAC) order granting an interim keep on the ...
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Kotak Mahindra Bank may buy IndusInd Bank: Report

26 Jan

Kotak Mahindra Bank is exploring an acquisition of private sector rival IndusInd Bank, according to a report. The Hindujas’ IndusInd International Hol ...
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Amazon gets stay on RIL-Future group deal

26 Jan

Kishore Biyani’s deal to sell off Future Group assets to Mukesh Ambani’s Reliance Industries for Rs 24,713 crore is now on hold. The Singapore Interna ...
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Yes Bank cuts exposure to DHFL, sells Rs. 500 crore bonds

26 Jan

Yes Bank has significantly reduced its exposure to DHFL by selling the troubled housing finance company’s bonds in the secondary market. The sale of t ...
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NITI Aayog begins groundwork on identifying more PSUs for sale

26 Jan

NITI Aayog has begun the groundwork for selecting the next set of public sector enterprises for strategic sale and disinvestment. A preliminary meetin ...
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RBI and NPCI consider stricter checks for digital pay amid data privacy issues

26 Jan

The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) are examining whether the digital payments ecosystem needs tight ...
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Franklin Templeton Mutual Fund may move SC on fund closures

26 Jan

Franklin Templeton Mutual Fund, which was asked by the Karnataka high court to take investors’ permission to shut six of its debt schemes, indicated t ...
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Aditya Birla Fashion to sell 8% to Flipkart for Rs 1,500 crore

24 Jan

Aditya Birla Fashion and Retail (ABFR) has entered into a commercial pact with Flipkart where it will raise Rs 1,500 crore by selling nearly 8% stake ...
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Defence canteens to ban import of finished goods

24 Jan

In a major blow to companies ranging from FMCG and liquor to consumer durables and footwear, the government-controlled Canteen Stores Department (CSD) ...
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Tata Steel and Swedish company in talks for European business deal

24 Jan

Tata Steel and Swedish giant SSAB are in talks for a potential deal to combine their European businesses as the former evaluates sustainable solutions ...
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SEBI bans Yash Birla from market for 2 years

24 Jan

Regulator Sebi has banned Yashovardhan (Yash) Birla from the market for two years. The action is due to misutilisation of funds collected through the ...
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Govt set to divest 10% in General Insurance Corporation and New India Assurance

24 Jan

Government is set to offer 10% shares in the country’s largest non-life insurance company New India Assurance through an offer for sale to the public. ...
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Government Imposes Stock Limits On Onion Traders To Check Prices

24 Jan

To boost domestic supply and provide relief to consumers from rising onion prices, the Centre on Friday imposed stock limits on both retailers and who ...
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Government against new umbrella entity for e-payments

23 Jan

The government has expressed concern over the proposed new umbrella entity for retail payments resulting in a mechanism that is controlled by Indian o ...
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Indian startups push Google to offer options to its billing system

23 Jan

Indian startups and large internet firms are pressing Google to offer alternatives to its billing system and keep the market ‘open’, according to mult ...
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DHFL’s creditors may seek higher bid from Oaktree

23 Jan

US-based Oaktree is the front-runner with a bid of Rs 28,000 crore for housing finance company DHFL, while Piramal Group has offered a much lower pric ...
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MGNREGA beneficiaries surpass last year's numbers

23 Jan

Barely six months into the current fiscal and the government’s flagship rural employment scheme has already surpassed last year’s numbers in terms of ...
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India opposes binding commitments for easier cross-border goods clearance

23 Jan

India has opposed binding commitments on countries to put in place practices for faster clearances of cross-border merchandise even as it has implemen ...
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Indians are spending less on food and more on housing, health & education

23 Jan

In a reflection of a significant shift in consumption pattern among industrial workers, the revised consumer price index for industrial workers (CPI-I ...
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Indian economy at the doorstep of recovery- RBI governor

22 Jan

The Indian economy is at the “doorstep of revival” and both the government and the Reserve Bank of India are maintaining an accommodative stance, acco ...
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PM to meet 15 leading global fund houses to attract investment amid pandemic

22 Jan

Prime Minister Narendra Modi will soon meet 15 leading global fund houses amid heightened interest from foreign investors seeking stable returns in In ...
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India's tyre exports benefit from anti-dumping duties on China

22 Jan

India’s tyre exports are getting help from the anti-China sentiment sweeping different parts of the world. The 25%-37% anti-dumping duty slapped by th ...
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Banks step up festive offers in car and home loans

22 Jan

After interest rate cuts and schemes to draw individual borrowers, banks have stepped up festive offers. SBI on Wednesday said that it would offer a c ...
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UNCTAD sees 7-9% drop in 2020 global trade

22 Jan

The United Nations Conference on Trade and Development (UNCTAD) expects a 7-9% on-year drop in the value of global trade in 2020 despite signs of a re ...
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Companies from neighbouring nations to face tighter scrutiny for govt deals

22 Jan

Companies based in countries sharing a land border with India who bid for government procurement contracts are set to face tighter scrutiny. They will ...
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Government pushes strategic sale of 4 PSUs, which may realise Rs. 49000 crore

21 Jan

The department of investment and public asset management (Dipam) is ready to push ahead with the strategic sale of several public sector companies wit ...
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Mercedes-Benz to produce AMG cars in India

21 Jan

Deepening its manufacturing and investments in India, German luxury carmaker Mercedes-Benz on Tuesday said it will start assembly of its high-performa ...
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IT deal momentum picks up sharply in quarter 2

21 Jan

The IT services deal momentum picked up sharply in the September quarter after a lull in the preceding one. Companies globally are seen to be recognis ...
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20 Lakh people enrolled in EPFO in first five months of FY21

21 Jan

Nearly 20 lakh people enrolled with the employees provident fund organisation in the first five months of the current fiscal, the provisional payroll ...
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US justice department files suit against google for antitrust violations

21 Jan

The US Justice Department on October 20 sued Google over allegations that its search and advertising empire violated federal antitrust laws, launching ...
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Broader and stronger economic revival in September but sustainability a worry

21 Jan

Economic revival broadened and strengthened in September with about nine non-financial leading indicators recording growth during the month while five ...
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China and Pakistan companies must show ownership plan to be eligible for govt deals

20 Jan

From names of directors and their nationalities to a graph depicting the ownership structure, the Centre wants Chinese and Pakistan-based companies to ...
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SEBI sets up data advisory committee for effective dissemination of its data

20 Jan

Markets regulator Sebi has constituted a market data advisory committee (MDAC), headed by Madhabi Puri Buch, a whole time member, for effective dissem ...
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Major boost to Atmanirbhar Bharat, easier entry for local companies in road projects

20 Jan

India is set to make it easier for local companies, especially new entrants, to bid for road projects as the government gives a big push towards Atman ...
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Government issues time-bound rules for farm contract disputes

20 Jan

The government has rolled out time bound rules and procedures for dispute resolution in the recently enacted farm law - Farmers (Empowerment and Prote ...
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Urban unemployment fell to 8.4% in July-September 2019

20 Jan

Unemployment in urban areas fell to 8.4% in July- September 2019 from 8.9% in the June quarter last year, data released by the Ministry of Statistics ...
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Jet’s 2nd coming will depend on reclaiming its slots given to other Indian carriers

20 Jan

Getting its slots given to other Indian carriers back will be a key factor in Jet Airways taking to the skies again under new owners. While the airlin ...
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Makeup and skin care business up as people step out

19 Jan

As people socialise again, discretionary categories in FMCG like makeup and skin care are finally seeing a gradual recovery, according to data provide ...
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FDI with even the smallest Chinese holding will need government's approval

19 Jan

Foreign Direct Investments (FDI) proposals with even minuscule Chinese holding will need government approval, with the Center abandoning its earlier p ...
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BARC ‘highly disappointed’ with Republic TV, says network misrepresented its private email

19 Jan

The Broadcast Audience Research Council (BARC) Sunday accused Republic TV of “misrepresentation”, after the Arnab Goswami-led channel quoted a communi ...
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FDI cap in digital news meant to check Chinese, other foreign influence

19 Jan

The government’s clarification on Friday that the rule allowing 26% foreign direct investment (FDI) in digital news will apply to news aggregators, en ...
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Festive e-sales get push from new shoppers coming from non metros

19 Jan

Festive sales on e-commerce platforms have made a strong start with the first 48-hour sales trends in line with record number estimates for this year’ ...
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IT companies hiring plunges due to covid, recovery likely in second half of FY21

19 Jan

The top four IT services companies hired just 12,258 people in the first half of the fiscal, down from 54,002 in the same period last year, as the pan ...
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Passenger vehicle sales rise 17% in quarter 2 on festive push

17 Jan

As the festive season kicks in, car companies reported higher deliveries to dealerships in view of the anticipated demand rise. Passenger vehicle deli ...
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Diesel sales out of quarantine, shoots past pre-Covid level in October

17 Jan

India consumed nearly 9 per cent more diesel in the first fortnight of October than it did in the same period a year ago and petrol sales remained 1.5 ...
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Corona-Kavach policies cross 1 crore milestone

17 Jan

The market for Corona-Kavach policies has grown 10-fold in a month to 1.1 crore from 15 lakh. A record sales figure that makes it the hottest selling ...
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Retail giants eye rural Indian and small towns to push growth

17 Jan

Retail giants have drawn up aggressive plans to make inroads into the smaller cities and towns of India and are employing a variety of tools, includin ...
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Top e-tailers get notices on 'country of origin' info

17 Jan

The consumer affairs ministry on Friday issued notices to two ecommerce players Amazon and Flipkart for not displaying information, including country ...
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COVID impact: Air India reduces monthly salary bills by 50%

17 Jan

Air India has reduced its salary bill by more than 50% to Rs 120 crore a month since April in an attempt to stay afloat amid the Covid-19 pandemic, wh ...
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Indian companies may get approval to list in 7 countries

16 Jan

Paving the way for a global listing by the likes of Reliance Jio, LIC and Indian start-ups, the government is set to notify seven countries and the Gu ...
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SC issues notices to RBI, Govt and NPCI over data protection of UPI transactions

16 Jan

The Supreme Court on Thursday sought responses from the Centre, the RBI and the National Payments Corporation of India on a PIL which alleged breach o ...
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Luxury carmakers bet on ‘affordable’ wheels to drive out of slowdown

16 Jan

Luxury carmakers are driving up affordability to win over customers. As the industry passes through a challenging period, exacerbated by the pandemic ...
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IT companies save over 70% in travel costs in September quarter

16 Jan

Increased digital adoption and deal wins has helped the performance of the IT industry to bounce back in the July-September quarter. What has also ben ...
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Punjab, Haryana begin penalising farmers for stubble burning

16 Jan

Punjab and Haryana have started penalising farmers who burn harvest residue on fields as air pollution levels rise in northern India, officials said. ...
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India’s trade deficit narrows to $2.72 billion; Exports up 5.99% in September

16 Jan

India’s trade deficit for September 2020 was estimated at USD 2.72 Billion as against the deficit of USD 11.67 billion in September 2019, which is a d ...
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SC welcomes relief on interest but wants it to be speeded up

15 Jan

The Supreme Court on October 14 said it was a “welcome move” on the Centre's part to waive compound interest on instalments of loans up to Rs 2 crore ...
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Banks can restructure realty loans based on project rather than the developer

15 Jan

The Reserve Bank of India (RBI) has permitted banks to restructure loans to real estate companies on the basis of the project rather than the develope ...
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Government to go ahead with Air India sale, may not retire debt

15 Jan

The government is moving ahead with Air India strategic sale and is expected to ask suitors to bid based on the combined equity and debt value, while ...
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Tractor companies get back to increase production capacity

15 Jan

Tractor is the only segment of the automotive market that has seen double digit sales growth since July, with September retails up 80% year-on-year. A ...
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Wholesale inflation at 7 month high in September

15 Jan

Wholesale Inflation as gauged by the Wholesale Price Index (WPI) index rose to its highest levels in seven months on the back of an increase in prices ...
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India pitches for easier cross-border movement of healthcare professionals

15 Jan

India has pitched for easier cross-border movement of healthcare professionals and sought an outcome for the initiative at the ministerial conference ...
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Wipro eyes $1.3 billion shares in 4th buyback in 5 years

14 Jan

Wipro said it is buying back shares worth Rs 9,500 crore ($1.3 billion), which represents 4.2% of its total paid-up equity capital. The company is pur ...
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Wipro to give 100% variable pay in quarter 2

14 Jan

Wipro hired 3000 freshers and 439 laterals in the September quarter. The company's total headcount is now 1.8 lakh. The company has given 100% payout ...
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Pharma market rebounds in September, 1st time since Covid

14 Jan

The domestic pharma retail market bounced back for the first time during the pandemic, registering a growth of over 4% in September, helped by increas ...
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Govt may not implement international arbitration tribunal’s order on Vodafone

14 Jan

The Centre has said an international arbitration tribunal’s order in the Vodafone case impinges on its sovereign right to tax, in a strong indication ...
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India among top 3 choices for Overseas Investments

14 Jan

India will be one of the top three overseas investment destinations for the next two-three years, according to a survey by Confederation of Indian Ind ...
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Banks working to ensure the productivity gains made due to Covid-19 are sustained

14 Jan

Banks are formulating strategies to ensure that the productivity gains made due to Covid in terms of flexible working hours, greater use of technology ...
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Govt to spend Rs. 37000 crore, give cash for LTC & Rs. 10k advance for central staffers

13 Jan

Finance minister Nirmala Sitharaman on October 12 announced additional allocation of Rs. 37,000 crore towards capital expenditure, and put money into ...
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Retail inflation hits 8 month high in September of 7.3% on food prices

13 Jan

Retail inflation accelerated to an 8-month high in September and crossed the 7%-mark as food prices hardened, dashing hopes of any interest rate cut b ...
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Food delivery recovers to near pre covid levels

13 Jan

India’s online food delivery volumes have made a full recovery to pre-Covid levels with a number of cities now at over 120% of the peaks set before th ...
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Demand for CAs up 37%, pay packages rise too

13 Jan

There has been a 37% increase in demand for Chartered Accountants (CAs) and their pay packages has seen an upswing too, this year, as the campus place ...
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Highway ministry extends relief to road contractors till December this year

13 Jan

The highways ministry has extended relief measures for road contractors and concessionaires by three months, following a request from the industry.The ...
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Government guarantee ups MSME loans: Cibil

13 Jan

Data released by TransUnion Cibil on fresh loan disbursements to the micro, small and medium enterprises (MSMEs) sector shows that there has been a re ...
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India’s Razorpay becomes unicorn after new $100 million funding round

12 Jan

Payments startup Razorpay’s valuation has more than doubled to $1 billion with its latest $100-million fund-raise, co-led by Singapore’s sovereign wea ...
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Govt to leverage public offers and buybacks for divestment plan

12 Jan

Encouraged by the response to the Mazagon Dock Shipbuilders IPO, the government will prioritise public offers, at an “attractive price”, and buybacks ...
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Realtors seek fresh loan relief after SC hearing on the issue of interest waiver

12 Jan

Builders’ lobby group Confederation of Real Estate Developers’ Associations of India (Credai) has demanded an extension of the loan moratorium with in ...
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Listing of UTI Mutual Fund to end tussle between SEBI and three govt-run financial powerhouses

12 Jan

The listing of UTI Mutual Fund (UTI MF) on October 12 is set to end the more than a decade-old cold war between markets regulator Sebi on the one side ...
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Delayed withdrawal of monsoon is unlikely to hit harvest of Kharif Crops

12 Jan

The delayed withdrawal of monsoon is unlikely to hit the ongoing harvest of kharif crops, the head of agricultural meteorology at the weather office h ...
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Retail Investors may soon trade in government securities directly

12 Jan

Retail and corporate investors are likely to have direct access to the government bond market. The Reserve Bank of India (RBI) and Clearing Corporatio ...
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RBI keeps rates unchanged, sees FY21 GDP shrinking 9.5%

10 Jan

The Reserve Bank of India’s (RBI) monetary policy committee on October 9 voted unanimously to keep key interest rates unchanged but the central bank u ...
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24 hour RTGS to boost ease of doing business

10 Jan

Real-Time Gross Settlement (RTGS), a mechanism for high-value bank fund transfers, will be made available round-the-clock from December 2020 instead o ...
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Interest rates on home loans above Rs 30 lakh likely to drop

10 Jan

Interest rates on home loans above Rs 30 lakh will become cheaper, with the Reserve Bank of India (RBI) making it less expensive for banks and finance ...
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Pandemic forced companies to invest in cloud based services: TCS

10 Jan

After the setback in the first quarter because of the immediate impact of the pandemic, the environment has been looking good for the Indian IT servic ...
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Government allows exports of certain kinds of onions, but with restrictions

10 Jan

India on Friday eased the export norms for certain kinds of onions and allowed the export of Bangalore Rose Onions and Krishnapuram Onions of up to 10 ...
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Resident Welfare Associations should not stop newspaper delivery: Javadekar

10 Jan

Union minister for information & broadcasting Prakash Javadekar said resident welfare associations (RWAs) shouldn’t stop the delivery of newspaper ...
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Gold ETF inflows drop 34% in September

09 Jan

Gold ETF inflows saw a 34% decline to Rs 597 crore in September on a monthly basis, even as folios grew by 13,000. Mutual fund body Amfi CEO N S Venka ...
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LIC Housing Finance has exceeded pre-Covid business levels in September

09 Jan

LIC Housing Finance (LIC HF), the country’s second-largest home loan company, has said new business last month has been the best for any September in ...
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Search for Indian app store alternative gets a boost

09 Jan

With Google facing heat for its billing policies, the search for a national app store alternative to the Play Store is gathering pace. Paytm is leadin ...
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Cautious lenders go slow on festive auto loan offers

09 Jan

Despite the festival season being just round the corner, car financiers are not rolling out the big bang schemes that are de rigueur this time of the ...
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Banks sanction Rs 1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme

09 Jan

The Finance Ministry on October 8 said banks have sanctioned loans of about Rs 1,87,579 crore to 50.7 lakh business units under the Rs 3-lakh crore Em ...
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Goyal calls upon US businesses to look at India as next investment hub

09 Jan

Commerce and Industry Minister Piyush Goyal has called upon American businesses to look at India as their next investment destination. Addressing Indi ...
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Amazon has sent lagal notice to Future Group on Reliance deal

08 Jan

Amazon has sent a legal notice to Future Group, India’s second largest retail chain, for breaching the terms of its contract by selling a ...
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Google faces fresh CCI probe on Smart TVs

08 Jan

The Competition Commission of India (CCI) is examining a complaint that search giant Google abused its dominant market position in smart television op ...
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Reliance, ONGC arms allowed to bid for gas under new rule

08 Jan

The government between 2016 and 2019 gave pricing freedom for all fields except those given to State-owned Oil and Natural Gas Corp (ONGC) and Oil Ind ...
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Covid stress manageable, legacy bad loans taken care of: SBI Chief Khara

08 Jan

Newly appointed chairman of State Bank of India, Dinesh Khara, has mentioned that the Covid-related stress on the debtors of the nation’s largest fina ...
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Government’s decision to waive off compounding interest will add to banker’s costs

08 Jan

Indian bankers fear the government's decision to waive some interest payments on loans under a COVID-19 support plan will create unnecessary work for ...
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Looking at economic recovery employers are restoring the wages

08 Jan

The festival season this year is turning out to be a blessing for many employees who have lived with salary cuts since the Covid-19 outbreak.As econom ...
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RBI’s MPC panel likely to hold rates

07 Jan

The Reserve Bank of India (RBI) has said that its bimonthly monetary policy committee (MPC) meeting will start on Wednesday. The announcement of the M ...
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SBI MD Dinesh Khara appointed as CMD to replace Rajnish

07 Jan

The RBI was forced to postpone its MPC meeting for the first time after the Centre delayed in appointing three external members to replace the earlier ...
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Services Sector stablises in September

07 Jan

The IHS Markit India Services PMI increased to 49.8 in September 2020 from 41.8 in the previous month, easily beating market expectations of 44.7. The ...
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Abhu Dhabi Fund to invest 5513 Crores in reliance Retail

07 Jan

Abu Dhabi Investment Authority (ADIA) has followed sister firm Mubadala in backing Reliance Retail Ventures run by billionaire Mukesh Ambani. On ...
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IRDAI to look at system for colour coding health covers

07 Jan

To make life simpler for policyholders, insurance regulator Irdai might introduce a system of colour-coding health policies to easily assess the produ ...
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Real estate sector may not get waiver on compound interest

07 Jan

The government is unlikely to extend the proposed interest on interest waiver to the real estate sector, which has already benefited from funding supp ...
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Google’s deferment of 30% fee proves its guilt

06 Jan

Google has deferred in-app commission payment for app developers in India with alternate payment system to March 31, 2022.The company said on Monday t ...
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Government appoints 3 new members for RBI Monetary Policy Committee

06 Jan

The government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank's monetary policy committee (MPC) late on Mon ...
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IT spends on WFH infra increases by 27% p.a.

06 Jan

As enterprises battle pandemic-induced challenges to arm the remote workforce with secure devices and collaborative solutions for maximum productivity ...
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SC tells govt. – Big borrowers also need relief

06 Jan

The government’s readiness to foot the bill of something like Rs 7,000 crore to compensate banks for waiving the interest on interest accrued during t ...
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Framing of rules for 3 labour codes to begin shortly

06 Jan

Labour ministry will soon kick-start the process of framing rules for the three labour codes passed by the Parliament recently, labour minister Santos ...
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Indian rush make the Pension fund AUMs rise over 18% in first half year

06 Jan

Pension funds’ assets grew more than 18% between in the September half year belying fears that job losses and pay cuts could lessen retirement contrib ...
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Credit Card Users to gain most from waiver of “Interest on Interest

05 Jan

The government’s decision to waive “interest on interest” during the March-August loan moratorium period will benefit all individuals with loans up to ...
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Tata Sons may buy out Air Asia JV

05 Jan

Tata Sons, which has a 51 percent holding in AirAsia India, may buy the balance 49 percent stake in the budget airline from the parent Malaysian compa ...
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Government unlikely to opt for traditional stimulus but will focus on specific sectors

05 Jan

The government is unlikely to opt for a traditional stimulus to boost economic activity and will instead focus on specific sectors through schemes suc ...
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Resident Welfare Associations told not to hinder delivery of newspapers

05 Jan

Home delivery of newspapers is an essential service that should not be hindered as they ensure people have access to authentic information, said the U ...
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Subsidies won’t help India become globally competitive

05 Jan

Giving subsidies and tax breaks are not the answer to improve India’s global competitiveness and increase exports, Commerce and Industry Minister Piyu ...
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Banks feel relieved as Govt. to bear loss due to interest waiver

05 Jan

The government’s proposal to pick up the tab for the waiver of 'interest on interest' on loans of up to Rs 2 crore clears the uncertainty over bank ea ...
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Global stocks drop after Trump tests positive for coronavirus

03 Jan

Global markets dropped on October 2 after US President Donald Trump said that he and the first lady had tested positive for the coronavirus. On Wall S ...
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SBI hires CFO from outside of bank for the first time

03 Jan

State Bank of India (SBI) has appointed Charanjit Attra, a consultant with EY, as its chief financial officer (CFO). This is the first time that the b ...
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Restrictions on tyre imports from China to push sales in domestic industry

03 Jan

Automotive Tyre Manufacturers Association (ATMA) on Wednesday said restrictions on import of tyres will pave the way for increased domestic production ...
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Government plans to list LIC abroad to attract global investors

03 Jan

The government is evaluating the option for an overseas listing of Life Insurance Corporation (LIC), the country’s largest insurer, in what many belie ...
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Smaller brands may be forced to import fully built mobile devices, after latest BCD levy

03 Jan

Smaller smartphone brands may resort to importing completely built devices instead of assembling in India, as the aggregate duty on components has bec ...
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Moratorium ends, lenders begin repossession, defaulters may lose their vehicles

03 Jan

As the moratorium on loan repayment ends, the used car market is expected to see a flood of vehicles seized by lenders from defaulters. Banks and non ...
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Diligent borrowers need to be kept away from credit flow-slowing loan waiver politics

03 Jan

When the Mazdoor Mukti Morcha of Punjab began holding rallies on the banks of the Sutlej to force lenders to go easy on borrowers unable to repay thei ...
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Manufacturing activity expands at fastest pace in over 8 years

02 Jan

Activity in manufacturing sector rose at its fastest pace in more than eight years on the back of robust new orders as the economy opened for business ...
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With 10% duty on display and touch panels, phones to cost more

02 Jan

Smartphones and feature phones sold by Samsung, Apple, Vivo, Xiaomi, Oppo and RealMe will cost more as the government has imposed a 10% import duty on ...
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Increase in demand due to festive season is reviving auto sales

02 Jan

Festive cheer is fuelling a comeback for the auto industry. As the economy struggles amid the coronavirus-driven slowdown, the car and two-wheeler ind ...
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IBC changed attitude of debtors and creditors: CAG

02 Jan

The Insolvency and Bankruptcy Code (IBC) has nudged the behaviours of debtors and creditors and this has resulted in substantial recoveries for credit ...
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Micro Enterprises benefited most from government’s Emergency Credit Line Guarantee Scheme

02 Jan

Micro enterprises have been the largest beneficiaries of the government’s Emergency Credit Line Guarantee Scheme (ECLGS) with most loans being granted ...
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License requirements may become mandatory on toy imports from March

02 Jan

India could introduce a phased license regime among other non tariff barriers on imported toys from March next year as the government wants the domest ...
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Govt to fall short of divestment target, to borrow Rs. 12 lakh crore

01 Jan

The government on September 30 acknowledged for the first time that it will fall short of the disinvestment target as it deferred the BPCL bid su ...
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Core sector shrinks for sixth month in row

01 Jan

Output from the country’s core sectors contracted for the sixth consecutive month in August as the pace of decline accelerated, dragged down by a cont ...
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Current Account surplus jumps to $ 20 billion, due to a collapse in imports

01 Jan

The country’s current account surplus jumped to an all-time high of $19.8 billion (3.9% of GDP) for the April-June period, the first quarter of FY21, ...
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China's factory activity accelerates on overseas demand

01 Jan

China's factory activity extended solid growth in September, twin surveys showed, as the nation's crucial exports engine revved up on improving overse ...
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Companies Fresh Start Scheme 2020 Extended Until 31 December 2020

01 Jan

The Ministry of Corporate Affairs (MCA) has decided to continue providing the opportunity of doing business with ease for a longer period. That is the ...
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Indians cut down on alcohol and cigarettes as pandemic limiting extra expenses

01 Jan

Indians have significantly cut down on their spending on alcohol and cigarettes since the Covid 19 pandemic as they remain cautious on discretionary e ...
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CBDT extends deadline for filing belated, revised ITRs for AY 2019-20 to November 30

01 Jan

The Central Board of Direct Taxes (CBDT) on September 30 extended the deadline for filing belated and revised ITRs for Assessment Year 2019-20 from Se ...
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Forensic Audit information to Stock Exchanges must: SEBI

30 Jan

Markets regulator Sebi on September 29 made it mandatory for all listed entities to disclose to the stock exchanges any forensic audit that a company ...
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Reliance Jio to PMO: Poor services due to delay in spectrum sale

30 Jan

Reliance Jio, the country’s largest telecom operator, has written to the Prime Minister’s Office (PMO) and the telecom ministry, alleging that “vested ...
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No need for e-pay gateway to deduct tax if e-commerce platform does it

30 Jan

The income tax (I-T) department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-comm ...
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E-tailers and logistics companies may hire 1.5 lakh seasonal workers for festive sales

30 Jan

With consumer demand expected to surge for e-commerce in the festive sales, top e-tailers and logistics platforms are cumulatively expected to create ...
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Government is said to consider selling 25% stake in LIC

30 Jan

India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prim ...
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Govt looking at various ways to provide support to economy; needs a holistic approach

30 Jan

Finance Minister Nirmala Sitharaman said there is a need to have a "holistic" approach to handling the economy instead of a "silo-based and myopic app ...
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Small business owners, entrepreneurs opting for virtual office

30 Jan

Virtual office services, offered by co-working operators, have reported a 50% jump in demand after many small business owners and newly minted entrepr ...
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RBI postpones Monetary Policy Committee meeting in absence of new members

29 Jan

The Reserve Bank of India (RBI) on Monday said that the three-day monetary policy committee (MPC) meeting scheduled to commence from September 29 to r ...
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Decision in 2-3 days over interest on deferred instalments by banks, Centre tells SC

29 Jan

The Centre informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were def ...
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3 member panel comprising of Laxmi Vilas Bank directors is working on right issue

29 Jan

The three-member committee comprising Lakshmi Vilas Bank (LVB) directors is working on a rights issue, which is expected in a couple of months, while ...
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SBI cuts auto loan rates, offers special rates for loans using bank's mobile app

29 Jan

Ahead of the festival season, State Bank of India (SBI) has announced rate cuts and fee waivers on various consumer loans. Interest rates on car and p ...
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Income tax department to seek Attorney General’s views on Vodafone ruling

29 Jan

The income tax department will seek the Attorney General’s opinion on what course it should take after having lost the retrospective tax arbitration c ...
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Indian cos with foreign units fear domestic tax implications

29 Jan

Many Indian companies with foreign subsidiaries whose directors or senior executives are stranded in India due to the pandemic are now worried that th ...
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Govt. saves 50% of the funds allocated for PMKVY, despite achieving 93% target

29 Jan

The government has saved half the funds allocated to its flagship skilling programme, despite achieving 93% of the target of skilling 10 million youth ...
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RBI may push Laxmi Vilas Bank to merge

28 Jan

The unprecedented move by shareholders of Lakshmi Vilas Bank (LVB) to oust an RBI-approved CEO and directors is likely to result in the banking regula ...
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Deposit-credit gap widens by Rs 8.2 lakh crore so far in FY21

28 Jan

Bank credit growth continues to lag with loans outstanding yet to reach end-March 2020 levels even as deposits continue to surge, growing 5% during th ...
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Government yet to name nominees of Monetary Policy Committee panel

28 Jan

Typically, it is the Reserve Bank of India (RBI) governor who is at the centre of attention ahead of the Monetary Policy Committee (MPC) meeting. But ...
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Reliance Jio to bring cheap android smartphone; may shake up smartphone industry

28 Jan

With an eye on entering mobile manufacturing, Reliance Industries may acquire United Telelinks or forge a contract-manufacturing deal, sources said. Q ...
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Saffron prices down 15% due to high imports, weak demand

28 Jan

The price of saffron has fallen 15% in the past two months because of higher imports from Iran and weak demand. It is currently being quoted at Rs 130 ...
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CII seeks changes in RBI directive on opening of current accounts

28 Jan

The Confederation of Indian Industry (CII) has urged the Reserve Bank of India (RBI) for a relook on its last month's circular on opening of current a ...
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RBI unlikely to change repo rate in October bi-monthly policy review

28 Jan

India’s central bank is unlikely to change the benchmark lending rate in its October bi-monthly policy review, which will be analysed threadbare by in ...
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Vodafone wins Rs 20,000 crore arbitration against India

26 Jan

Global telecom giant Vodafone has won a long-pending arbitration against India with the Permanent Court of Arbitration in Hague ruling that income tax ...
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CAG red flags govt's strategic sale of one PSU to another

26 Jan

The Comptroller and Auditor General (CAG) has red flagged the government’s “disinvestment” programme involving the “strategic sale” of one public sect ...
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Premium on cyber insurance rose by 20%

26 Jan

Premium on cyber insurance covers has risen by nearly 20% for corporates, as insurers see a surge in cyberattacks and higher claims arising out of suc ...
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Telcos avoid Chinese companies as preferred partners for 5G trials

26 Jan

Vodafone Idea has joined Reliance Jio Infocomm, Bharti Airtel and state-run Bharat Sanchar Nigam Ltd (BSNL) in naming European and American equipment ...
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PSU Banks on-board, 1-crore account holders on digital payment mode in a month

26 Jan

The finance ministry on September 25 said that public sector banks have on-boarded about one crore customers on digital payment modes in just one mont ...
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Solar manufacturers asked for list of goods for exemption from basic customs duty

26 Jan

The Ministry of New and Renewable Energy (MNRE) has issued a notification asking solar PV manufacturers and associations to provide the list of machin ...
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Government operationalises 'Faceless Income Tax Appeals' system

26 Jan

The government on September 25 issued a notification operationalising 'Faceless Income Tax Appeals' system which seeks to honour honest taxpayers of t ...
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Tata group and Jubilant Food Works eye CCD's vending business

25 Jan

Tata Group, India’s biggest conglomerate, and Jubilant Food-Works (which owns the franchise for Domino’s and Dunkin’ Donuts in India), are weighing a ...
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Government to extend IBC suspension by another 3 months

25 Jan

The government has extended the suspension of insolvency proceedings for any COVID-19 related default by a period of three months, effective from Sept ...
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Chinese car company plans to up investment in India by Rs.1 Lakh crore

25 Jan

Unfazed by the anti-China sentiment, MG Motor has said that it will approach the department for promotion of industry and internal trade (DPIIT) to ma ...
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Businesses welcomed but trade unions protest against controversial labour reforms

25 Jan

Business groups on September 24 welcomed contentious and long-delayed labour reforms passed by the Parliament this week, aimed at making hiring and fi ...
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RBI focuses on cyber security for co-operative banks

25 Jan

The Reserve Bank of India (RBI) has come out with a cybersecurity framework for urban co-operative banks (UCBs). The move comes a week after the Lok S ...
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Health industry to help center to realise health insurance plans for middle class

25 Jan

The health insurance industry is looking at ways to implement the government's ambitious 'Missing Middle' universal health project that aims to cover ...
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State Transport Authorities invite banks, payment companies etc. to adopt contactless solutions

25 Jan

Across India, state transport authorities are inviting banks, fintech companies, card networks and payment service providers to replace their traditio ...
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Parliament passes Labour Bills, making it easier for employers to hire and fire

24 Jan

Parliament on Wednesday passed the three key labour reform bills that will provide greater flexibility to employers to hire and fire while ensuring so ...
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Parliament passes Bilateral Netting of Qualified Financial Contracts Bill

24 Jan

Finance minister Nirmala Sitharaman said the Bilateral Netting of Qualified Financial Contracts Bill would have a huge bearing on the stability of the ...
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CAG slams French companies for not fulfilling Rafale offset terms

24 Jan

French firms Dassault Aviation and MBDA, the main companies in the Rs. 59,000 crore contract for 36 Rafale fighters inked in September 2016, have been ...
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KKR to buy 1.3% stake in Reliance Retail for Rs. 5,500 crore

24 Jan

After Silver Lake invested in Reliance Retail Ventures (RRVL), fellow private equity fund KKR too has decided to back India’s largest retailer. The US ...
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Takeaway is now up to 30% of food companies sale

24 Jan

The takeaway business, which accounted for a small fraction of sales before the pandemic, has emerged as one of the fastest growing sales channels for ...
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Move to BS4 emission norms likely to shrink premium tractor segment

24 Jan

With tractors in the 50 horsepower (HP) and above range set to migrate to BS4 emission norms from October 2021, higher HP and more premium segment in ...
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With festive season launches, auto companies eye growth

24 Jan

As the festive season sets in, auto companies have commenced launches in a bid to lure buyers. On September 23, Mercedes-Benz India drove in the Rs 1. ...
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SC restrains Shapoorji Pallonji Group from pledging shares of Tata Sons

23 Jan

The Supreme Court on Tuesday restrained Shapoorji Pallonji Group from pledging or transferring its shares in Tata Sons to raise money from the market, ...
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Reserve Bank of India may not push to pursue suggestions for monetisation of deficit

23 Jan

The Reserve Bank of India may not be keen on pursuing suggestions for monetisation of deficit, a proposal that is being pushed by a section of policy ...
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Only Rs. 2 Lakh Crore corporate loans may be restructured: SBI

23 Jan

State Bank of India (SBI) chairman Rajnish Kumar has said he does not expect the value of bank loans to corporates that come up for restructuring to e ...
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Home loan enquiries exceed last year's level

23 Jan

The strict lockdown in the first quarter of the current fiscal resulted in creating pent-up demand for home and auto loans, which is finding expressio ...
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India Inc seeks emergency credit line extension for stressed companies

23 Jan

India Inc has made a strong pitch to extend the emergency credit line guarantee scheme (ECGLS) to stressed sectors while allowing alternate investment ...
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Delhi HC stays tax assessment proceedings against Tiger Global on Flipkart-Walmart deal

23 Jan

The Delhi High Court granted a stay against initiation of assessment proceedings by tax authorities into sale of Tiger Global’s 17% stake in Flipkart ...
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Parliament clears banking regulation bill to bring co-operative banks under RBI

23 Jan

The Rajya Sabha on Tuesday passed the Banking Regulation (Amendment) Bill, 2020, that aims to bring co-operative banks under the regulatory framework ...
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Digital payment firms join Paytm in fight against Trai, telcos over financial frauds

23 Jan

Homegrown digital payments majors such as PhonePe, Mobikwik, Infibeam Avenues, among others, have joined Paytm in criticising the telecom regulator an ...
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SBI Loan Restructuring: SBI Offers Up To 2 Years Repayment Relief For Home & Retail Loans

22 Jan

State Bank of India will provide relief to home and retail loan borrowers impacted by Covid-19 in the form of either a moratorium of up to 24 months o ...
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China increases prices of main drug ingredients

22 Jan

At a time the drug industry is grappling with the coronavirus pandemic, India’s pharmaceutical companies are likely to confront a new challenge as Chi ...
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Tiger Global moves HC against AAR order on Flipcart Tax ruling

22 Jan

New York-based private equity (PE) investor Tiger Global on Monday moved the Delhi High Court against the quasi-judicial body ruling. The ruling in Ju ...
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Rajan, Acharya suggest scrapping of Financial Services Dept in FinMin for PSBs' independence

22 Jan

Former RBI Governor Raghuram Rajan on Monday suggested that the government should privatise select public sector banks, set up a bad bank to deal with ...
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Economic Activity improves to Pre-Lockdown Levels

22 Jan

Economic activity improved further in the week ended on 20.09.20 climbing almost to the levels just before India went into lockdown on March 25. The N ...
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Govt hikes Rabi MSPs in advance amid farmer stir

22 Jan

The Cabinet Committee on Economic Affairs (CCEA) on Monday approved 2-6% increases in the minimum support prices (MSP) for the 2020-21 Rabi season. Ev ...
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IPO rush returns as quality companies come up with offers at attractive prices

21 Jan

After a relative lull of five months, companies are rushing in to go public with the stock market witnessing low volatility, which is conducive for fu ...
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Govt to impose 5% import duty on TV panels from Oct 1, 2020

21 Jan

Government will impose a 5% customs duty on imports of open cell for televisions from October 1, 2020, as the government seeks to increase local manuf ...
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Google has different rules for itself, says Paytm

21 Jan

Following the high drama between Paytm and Google on Friday, the Noida-based mobile payments company on Sunday evening accused Google of having a diff ...
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Khadi Village Industries Commission distributes Cycle-mounted Tea/Coffee Units to unemployed

21 Jan

In its sustained efforts to create local self-employments to strengthen “Aatmanirbhar Bharat Abhiyan”, Khadi and Village Industries Commission (KVIC) ...
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ED tells SC about suspicious transactions between JSW steel and BPSL

21 Jan

The Enforcement Directorate (ED) has cited suspicious transactions between JSW Steel and Bhushan Power and Steel (BPSL), in its latest filing before t ...
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Cautious independent directors ringfence assets; transfer to trusts, relatives

21 Jan

Several independent directors have begun ring fencing their assets by transferring titles to trusts or family members to safeguard their interests in ...
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CII survey finds business sentiment bounce-back between July and September as restrictions eased

21 Jan

Business sentiment has bounced back between July and September as India gradually lifted restrictions imposed due to the outbreak of Covid-19, a confe ...
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High drama evolves as Google removes Paytm from play store, then brings it back.

19 Jan

High drama unfolded on Friday afternoon as search engine giant Google removed mobile payment application Paytm from its Play Store, citing breach of i ...
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Procurement norms tightened to control imports

19 Jan

The government on Friday further tightened public procurement norms to allow ministries to mandate over 50% local content, while also insisting that o ...
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TRAI seeks transparency in mobile tariffs for benefit of consumers

19 Jan

In a consumer-friendly measure, telecom regulator Trai has stepped in to drive transparency and accountability in mobile tariffs, making it contingent ...
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Cheap oil is helping government battle Covid tensions

19 Jan

The historic oil price crash in April and a protracted spell of subdued market reduced India’s oil import bill since January by 40%, giving the cash-s ...
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Government proposes to cap surcharge on dividend income for FPIs

19 Jan

India has proposed to cap the surcharge levied on the dividend income of foreign portfolio investors (FPIs) that use a trust structure at 15% against ...
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RBI refuses to let ARCs bid for insolvent assets

19 Jan

The Reserve Bank of India has refused to let asset reconstruction companies act as resolution applicants in insolvency cases, a stance that could halt ...
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Haryana Rera: Lender needs 2/3rd buyers’ nod to auction project

19 Jan

If a developer fails to repay loans, resulting in the project being taken over by the lender – bank or any other financial institution – the lender wi ...
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Importers must prove 35% value addition in origin country to get FTA benefits

19 Jan

Importers will have to provide proof of 35% value addition of goods imported through free trade agreements (FTA) to customs authorities, failing which ...
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Advisor suggested 4 sale options for winding up Air India

18 Jan

The transaction adviser for Air India’s divestment has suggested four options to the government regarding the struggling airline’s future that range f ...
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Shapoorji Pallonji (SP) Group has served a notice for damages on Tata Sons

18 Jan

Shapoorji Pallonji (SP) Group has slapped a notice for damages on Tata Sons board members over its move to block the group from pledging its 18.4% sta ...
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Happiest Minds IPO oversubscribed, promoter Ashok Soota makes Rs. 2.4k crore

18 Jan

The price of the Happiest Minds stock soared on debut on the stock exchange on Thursday and made promoter Ashok Soota wealthier by over Rs 2,300 crore ...
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IRDAI to standardise insurance covers

18 Jan

The Insurance Regulatory and Development Authority of India (IRDAI) has said that the insurance industry needs to operate in a counter-cyclical manner ...
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6 Million white collar professionals lost jobs during May-August: CMIE

18 Jan

Almost six million white-collar workers, including engineers, physicians, teachers, accountants and analysts, lost their jobs between May and August, ...
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DoT yet to take call on upfront payment for 4G spectrum sale

18 Jan

The telecom department is yet to decide if upfront payment should be collected from mobile phone companies that buy 4G spectrum in the next auction, g ...
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India extends quality norms enforcement deadline for domestic toy industry to Jan 2021

17 Jan

In a relief to India’s toy industry, the government on Wednesday extended the enforcement of compulsory certification by the Bureau of Indian Standard ...
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Petrol sales back to pre-Covid level in September

17 Jan

Petrol sales have fully recovered to pre-Covid level and diesel is down just about 6% in the first half of September from a year earlier, signalling p ...
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RBI governor Shaktikanta Das dashes hopes of V-shaped economic recovery

17 Jan

Reserve Bank of India (RBI) governor Shaktikanta Das on Monday squashed expectations of a V-shaped recovery and called for a policy focus on increasin ...
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Need 1 more year to settle Sterling dues, says Shapoorji Pallonji (SP) Group

17 Jan

Exactly 10 days after Tata Sons moved the Supreme Court to stop estranged minority shareholder Shapoorji Pallonji (SP) Group from pledging its shares, ...
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Lok Sabha passes bill to bring co-operative banks under RBI supervision

17 Jan

Protecting depositors’ interests, the Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020, to bring co-operative banks under t ...
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Facebook launches programmes for small businesses in India

17 Jan

Facebook on Tuesday announced its small business grant programme for India. Part of the company’s $100 million global grant for small businesses, Face ...
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Flipkart integrates Paytm's e-wallet on its platform

17 Jan

In a surprising move, Flipkart has started integrating Paytm's e-wallet on its platform even as it continues to compete with its unit PhonePe for the ...
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Toyota suspends launch of new car, blames prohibitive tax rates

16 Jan

Japanese auto major Toyota is suspending plans to launch new cars in India and is also putting a halt to fresh factory investments as it blames “prohi ...
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Exports drop for sixth consecutive month in August

16 Jan

The country’s exports contracted for the sixth consecutive month in August, dragged down by a decline in shipments of petroleum, leather, engineering ...
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Exchange Traded Funds (ETFs) jump 26 times in 5 years

16 Jan

There has been a 26-fold rise in assets under management (AUM) of exchange-traded funds (ETFs) in a little over five years to more than Rs 2 lakh cror ...
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Govt to take steps to stop misuse of Free Trade Agreements (FTAs)

16 Jan

The customs department will be keeping a close eye on imports of items such as mobiles, white goods, set-top boxes, agarbattis, cameras and other elec ...
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The recovery in air traffic is slower in India than other parts of Asia

16 Jan

The recovery in air traffic in India has been slower than in other parts of Asia and Europe.While traffic in China has almost reached 90 per cent of p ...
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DoT to seek legal view on payment of first AGR portion

16 Jan

The Department of Telecommunications (DoT) is likely to seek legal opinion from the solicitor general on whether telcos need to make an upfront paymen ...
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Some lenders to Kishore Biyani, invoked pledges to take equity stake in Future Group firms

16 Jan

Some of the lenders to Kishore Biyani such as PE funds, Apollo Global Management, AION and Blackstone, along with RBL Bank and Axis Finance have recen ...
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Dream11's valuation to get double to $2.5 billion

15 Jan

New York-based investment firm Tiger Global Management, along with private equity majors ChrysCapital, TPG and Footpath Ventures, have bought about 10 ...
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Government seeks approval for Rs 2.4 lakh crore extra spending

15 Jan

Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for extra spending of Rs 2.4 lakh crore, out of which the cash outgo totale ...
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Retail infaltion at 6.7% in August, above RBI's comfort level

15 Jan

Retail inflation remained above the central bank’s comfort level for the fifth consecutive month in August, and held near the previous month’s level a ...
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No proposal for raising FII limit in Public Sector Banks to 49% from 20%

15 Jan

There is no proposal for raising Foreign Institutional Investment (FII) ceiling in public sector banks to 49% from 20% for capital mobilization, Minis ...
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Mistry Group within its rights to pledge shares of Tata Sons

15 Jan

The Mistry Group said it has every right to pledge its shares of Tata Sons, pointing out that the company’s articles of association do not restrict th ...
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Oil fell to near $37 a barrel with demand in focus

15 Jan

Oil fell to near $37 a barrel in New York while a slew of downbeat predictions from OPEC to BP plc reinforced concerns that a resurgent pandemic is pr ...
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RBI asks banks to fully automate NPA recognition process

15 Jan

The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems and ensure automation of non-performing asset (NPA) id ...
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Income per household nearly doubles to Rs 1,400 a month under MNREGS

15 Jan

Income per household under the scheme of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has nearly doubled to Rs 1400 per ...
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Shift in spending from credit to debit cards due to lockdown

14 Jan

There has been a shift in spending from credit cards to debit cards during the first quarter of the current fiscal as Indians held back on discretiona ...
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Sebi clarifies mutual funds free to choose route to comply with revised norms

14 Jan

Markets regulator Sebi on Sunday evening said it was open to discussions with the mutual fund (MF) industry for a smooth transition for multi-cap fund ...
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TVs may cost more from October as import duty on open cell panels ceases

14 Jan

Television prices could go up from October as the 5% import duty concession on open cell panels, which was offered last year, ceases at the end of thi ...
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Loan restructuring to hit private lenders' exclusive deals with borrowers

14 Jan

Smarter banks fear that the straightjacket one-time loan restructuring (OTR) framework would kill the exclusive deals they have cut with borrowers. So ...
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Move to cap incentives may impact about 700 exporters

14 Jan

Around 700 exporters of engineering items, automobiles, chemicals, pharmaceuticals, oil and gas, and textiles are likely to get impacted by the govern ...
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Tata Motors to cut mid-term capex by Rs 50,000 crores to achieve zero debt target

14 Jan

Tata Motors may slash more than Rs 50,000 crore from the previously estimated capital expenditure over three years at the Jaguar Land Rover unit and I ...
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Railways boosts vehicles loading to raise modal freight share

14 Jan

Indian Railways has seen a significant increase in automobile loading over the last few months after it started working on opening new avenues for boo ...
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India's industrial output contracts at a lower pace in July

12 Jan

India’s industrial production contracted by 10.4% in July, a slower pace than the 16.6% contraction witnessed in the previous month, suggesting that e ...
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Multi cap mutual funds to hold 25% each in large, mid and small stocks: SEBI

12 Jan

Multi-cap mutual funds, in which fund managers currently have the liberty to take a call on stocks of their choice across market capitalisation spectr ...
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Gold ETFs record inflow of Rs 908 crore in August, for fifth month in a row

12 Jan

Gold ETFs witnessed an inflow of Rs 908 crore in August, for fifth month in a row, amid major economies staring at recession due to the spread of coro ...
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India passenger vehicle sales up 14% in August, two-wheeler sales rose 3%

12 Jan

After a long period of witnessing negative growth across segments, there is finally some good news for the automobile industry. According to the month ...
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Tata Sons moves SC to stop Mistrys from raising funds on Tata shares

12 Jan

Tata Sons Ltd on 5 September moved an ‘urgent’ application before the Supreme Court to restrain the Shapoorji Pallonji Group promoters from raising ca ...
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TV advertisements volume rise as festive season kicks in and lockdown eases

12 Jan

TV broadcasters who reported a major drop in advertising revenues during the last quarter are witnessing a surge in advertising volumes and are gearin ...
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Zomato plans IPO in 2021, ex-staff get $30 million cashout

11 Jan

Online restaurant discovery platform Zomato has started preparations to go for an initial public offering (IPO) in 2021, making it the first among Ind ...
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RIL becomes 1st Indian company to hit $200 billion market capitalization

11 Jan

Reliance Industries (RIL) on Thursday became the first Indian company to cross the $200-billion market capitalisation mark after its stock surged over ...
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Ratings agency Crisil forecasts sharper GDP fall of 9% in FY21

11 Jan

Ratings agency Crisil on Thursday forecast a sharper contraction for India’s GDP in 2020-21, estimating that it will decline by 9%, higher than its ea ...
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Govt sets up committee to study on interest relief on bank loans

11 Jan

The government on Thursday set up a threemember panel to make an assessment of the issue of relief sought in terms of waiver of interest on interest a ...
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Car sales grow in double digits during festive season

11 Jan

The festive season of FY21 has got off to a good start with the 15 days of Ganesh Chaturthi and Onam witnessing a strong double digit growth of over 1 ...
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Shareholders getting more say in CEO remuneration at India Inc.

11 Jan

From promoter executives of companies to professional CEOs, salaries of senior management at India Inc are undergoing changes to better reflect ...
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Department for Promotion of Industry and Internal Trade reviews 11 Acts under its ambit

11 Jan

India could introduce hefty monetary penalties instead of imprisonment for many violations under 11 laws including the Patents Act, Copyright Act and ...
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Govt may tighten norms for TV imports to boost India-made Television sets

10 Jan

The government plans to restrict the number of television sets that companies can import to India in a year to boost local manufaturing, a move that's ...
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Indian luxury car market may register a record 40% decline in 2020

10 Jan

The Indian car market may be witnessing a sharp turnaround, driven by strong demand for entry-level models, but the story isn’t pretty when it comes t ...
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India's sugar exports will rise 50% to a record level of 5.7 million tonne this month

10 Jan

India’s sugar exports will rise 50% to a record of over 5.7 million tonnes in the season ending this month, helped by the depreciated rupee, subsidy a ...
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EPFO to pay interest in two instalments of 8.15% & 0.35%

10 Jan

The central board of the Employees’ Provident Fund Organisation (EPFO) on Wednesday said it will pay 8.5% interest to its subscribers for the year end ...
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PE fund Silver Lake buys 1.8% stake in Reliance retail for Rs 7,500 crore

10 Jan

Private equity firm Silver Lake will pay Rs 7,500 crore (just over $1 billion) to acquire a 1.8% stake in the retail business of billionaire Mukesh Am ...
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FM launches PSU banks’ doorstep service

10 Jan

Union finance and corporate affairs minister Nirmala Sitharaman on Wednesday launched the doorstep banking service of state-run banks, which is expect ...
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Exports rise 13% in 1st week of September, railway freight up 10%

10 Jan

India’s exports have increased 13% during the first week of September, while railway freight loading is around 10% higher, indicating signs of a picku ...
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PowerGrid to monetise 5 units worth Rs. 7000 Crore

09 Jan

The Cabinet Committee on Economic Affairs has allowed Power Grid Corporation of India Limited (POWERGRID) to undertake monetization of its Tariff Base ...
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Silver Lake invests $500 million in India's Byju's at a valuation of $11 billion

09 Jan

Private equity giant Silver Lake led a $500 million funding round for Byju’s that valued the Indian online education platform at around $10.8 billion, ...
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Companies can now hold their FY20 Annual General Meeting by Dec 31: MCA

09 Jan

In a major relief for corporates, the Ministry of Corporate Affairs (MCA) has extended the deadline to hold Annual General Meeting (AGM) for the finan ...
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Fitch and Goldman Sachs estimates shrinking of GDP by double digits

09 Jan

Global ratings agency Fitch on Tuesday sharply revised its forecast for India's GDP growth, estimating that it will contract 10.5% in 2020-21, while G ...
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Top 5 PSU oil companies to join International Solar Alliance (ISA) as corporate members

09 Jan

Five Public Sector Undertakings (PSUs) under the Ministry of Petroleum & Natural Gas will be joining International Solar Alliance (ISA)’s Coalitio ...
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Fitch expects Jio and airtel to grow as Dues payment in 10 years not enough to aid Voda Idea

09 Jan

The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, ...
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Need for regulation on data handling by law enforcement agencies

09 Jan

Nasscom has called for limiting the scope of decryption of data on mobile phones in possession of the law enforcement agencies.In a discussion paper o ...
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RBI accepts Kamath committee report on relief to 26 sectors

08 Jan

Companies in sectors such as retail and wholesale trade, textiles and engineering, which were repaying loans before the Covid crisis, can look forward ...
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NBFCs request FM to ease loan restructuring eligibility rules for small companies

08 Jan

MUMBAI: Non-banking finance companies (NBFCs) have petitioned the finance minister to relax norms and allow restructuring for all standard loan accoun ...
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Need to hike rates to cover higher costs says Voda Idea

08 Jan

Vodafone Idea, the country’s third-biggest mobile operator, has said that mobile tariffs have become “unsustainable” and need to be raised immediately ...
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Harley Davisdson likely to enter into partnership with Hero Moto

08 Jan

It could be a Hero and Harley Davidson partnership in India as the American cult bike maker re-orients its India strategy and looks at a “strong, cred ...
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Foreign Portfolio Investors may be allowed to buy bad loans directly

08 Jan

Foreign Portfolio Investors (FPIs) may soon be able to directly acquire bad loans being sold by banks and other lenders. The Securities and Exchange B ...
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Auto Industry see 10% reduction in skilled workers as migrant workers left due to pandemic

08 Jan

The automobile distribution industry has seen a 10% decline in manpower owing to skilled workers going back to their villages following the outbreak o ...
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Tata Motors DVR rallies as promoters acquire over half a crore shares

08 Jan

Tata Motors DVR (differential voting rights) stock gained 10.5 per cent on Monday taking the total gain in a month to 51 per cent compared with the 26 ...
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Government to align agriculture with changing climate and rainfall patterns

08 Jan

The government plans to review crop planting across the country to align agricultural planning with changes in climate and rainfall patterns.The focus ...
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RBI norms may exclude several companies from loan recast scheme

07 Jan

The RBI’s norms on corporate loan restructuring are likely to exclude a large number of companies as bankers expect advances worth only Rs 2-3 lakh cr ...
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Affordable housing: Major driver of home loan growth for HDFC

07 Jan

Affordable housing has emerged as a major driver of home loan growth for HDFC. The country’s largest housing finance company has disbursed over 50,000 ...
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SBI Moots VRS Scheme To Optimise Costs, About 30,000 Employees Eligible

07 Jan

In a bid to optimise its costs, State Bank of India has planned a voluntary retirement scheme under which about 30,190 employees are eligible. Total e ...
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Govt panel clears $100-billion mobile export proposals from global manufacturers

07 Jan

Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around ...
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Rating companies in a dilemma over action on loan default before rejig approval

07 Jan

As Corporate India and banks prepare to rejig loans and stay afloat, credit rating agencies are caught in a Catch-22 situation.In the absence of any r ...
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Banks gear up for due diligence before loan recast programme

07 Jan

Lenders preparing to implement a loan restructuring programme for companies hit by the Covid-19 pandemic are conducting a detailed study of cash flows ...
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Retailers adopt just-in-time strategy for the festive season

07 Jan

Retailers in India from Benetton and Spencer’s Retail to Puma and Godrej Appliances have adopted a just-in-time strategy for the festive season, a dep ...
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Exports, imports doing well, export benefit cap to not affect 98% exporters: Piyush Goyal

05 Jan

Commerce and industry minister Piyush Goyal said that India’s exports and imports are doing well, and the capping of export incentives under the Merch ...
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Retailers plan to set up their own online stores

05 Jan

More offline garment, footwear and other retailers are looking to set up their own online storefronts and logistics for online deliveries, according t ...
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RBI reconstructs rules for priority sector loans, adds startups

05 Jan

The RBI has overhauled its priority sector lending (PSL) norms to boost fund flows to districts that have been excluded and has doubled its limit for ...
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Government may hike import duty on car assembly kits

05 Jan

In a move seen as a protectionist measure, the government on Friday said that import duty on cars and completely- and semi-knocked down assemblies (CK ...
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Strict lockdown led to steep contraction of economy: FinMin report

05 Jan

The finance ministry on Friday said the country is witnessing a V-shaped economic recovery and attributed the steep 23.9 per cent contraction of the e ...
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Government tells ministries to check non-priority spends

05 Jan

The government on Friday unveiled a fresh set of austerity measures, urging ministries and departments to curb non-priority expenditure at a time when ...
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High-end residential sales witness relatively better grip in last two months

05 Jan

Sales of luxury real estate, properties worth Rs 1 crore and more, appear to have seen better traction than other segments in the last two months as t ...
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Kamath committee identifies six problem industries on loan restructuring

04 Jan

The KV Kamath committee, set to submit its report on loan restructuring to the Reserve Bank of India (RBI) on 04.09.2020, is said to have identified s ...
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Voda Idea likely to raise $1.5 billion via equity

04 Jan

Vodafone Idea is considering raising $1-1.5 billion initially through equity and is in talks with local and overseas investment bankers for running th ...
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India's services activity shrinks for sixth consecutive month, but pace of decline slows

04 Jan

Services activity in India contracted for the sixth consecutive month in August though the pace of decline slowed as some firms gradually resumed oper ...
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No loan to be termed NPA till new orders, says Supreme Court

04 Jan

In a major relief to individual and commercial borrowers, the Supreme Court on Thursday asked banks not to declare any loan account as non-performing ...
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FM tells banks to frame loan recast scheme for all viable units by Sept 15

04 Jan

Finance Minister Nirmala Sitharaman on September 03 told banks to put in place by September 15 loan restructuring schemes to rescue all viable busines ...
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SoftBank likely to consider bid for TikTok in India

04 Jan

SoftBank Group is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to peo ...
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Boom time for textile industry as garment companies shift orders from China to India

04 Jan

India is emerging as one of the preferred destination for International garment companies to shift their base from China.The international garment fir ...
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Adani group plans to raise $1 billion via sale of equity

03 Jan

The Adani group is planning to raise at least $1 Billion through the sale of equity to fund the takeover of two Mumbai airports from the GVK group, sa ...
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Auto segment leaders plan to raise the production over next few months

03 Jan

Maruti Suzuki, Hero MotoCorp and Mahindra & Mahindra, No. 1 in cars, two wheelers and tractors, repectively, are planning to surge in production o ...
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Prime Minister’s new regime for businesses looks to lighten compliance burden

03 Jan

Prime Minister Narenda Modi has identified anonymous or ‘faceless’ inspections, an extended validity period for licences or automatic renewals, and lo ...
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Industries request SC to direct Centre and RBI to lower interest rate

03 Jan

Finding that it would be difficult to get waiver of interest, or even interest on interest, on loans during the six month moratorium period, various i ...
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Abundant cash in the system and rate cuts lead FCI to borrow at under 4.6%

03 Jan

Abundant cash in the system and repeated rate cuts have proved to be a bonanza for Food Corporation of India (FCI), which is in the market to raise Rs ...
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India ranked in top 50 nations in the Global Innovation Index 2020

03 Jan

India climbed four spots on the Global Innovation Index 2020 and is now at 48th position in the list of top 50 innovative countries in the World Intel ...
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Bharatpe displays 'Indian' tag, challanging Paytm, Phonepe, implying its the only Indian company

03 Jan

There is a full-blown fight among India’s leading digital payments firms over which is a more “Indian” product, with the matter now reaching the RBI. ...
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CBDT permits sharing of taxpayers' information by Income Tax authorities with scheduled commercial banks

02 Jan

The Central Board of Direct Taxes has permitted sharing of information by income tax authorities with scheduled commercial banks."In pursuance of sub- ...
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India to release forensic accounting and investigation standards

02 Jan

India will soon come up with forensic accounting and investigation standards (FAIS) as it aims to set basic quality parameters for conducting investig ...
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HSBC's brokerage division values zomato at $5 billion

02 Jan

HSBC International Analysis has valued on-line meals supply platform Zomato at $5 billion, a major upside to the valuation throughout its earlier fund ...
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Supreme Court gives telecom companies 10 years to pay Rs 1.4 lakh crore dues to government

02 Jan

The Supreme Court on Tuesday granted telecom companies 10 years to clear AGR (adjusted gross revenue) dues of around Rs 1.43 lakh crore to the Centre, ...
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Remaining tenure of loan can be extended by 2 yrs: Govt tells SC

02 Jan

The Centre has told the Supreme Court that RBI has asked banks to provide relief to borrowers by extending the residual tenure of loan by up to two ye ...
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Festive season hopefulness stimulates car, two-wheeler sales

02 Jan

Car and two-wheeler companies started stocking up for the festive period as wholesale deliveries to dealerships in August beat the numbers achieved in ...
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Petrol demand at 92% of last year's consumption

02 Jan

India’s fuel demand has started crawling up after faltering in July, with petrol consumption reaching nearly 92% of the year-ago period but diesel con ...
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Manufacturing sector rebounded after four months of contraction

02 Jan

Activity in the country’s manufacturing sector rebounded in August after four months of contraction, led by an increase in new orders, a survey showed ...
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RBI may propose amendments to SARFAESI Act to bridge regulation gap with IBC for ARCs

01 Jan

The Reserve Bank of India may propose amendments to the Sarfaesi Act to allow asset reconstruction companies (ARCs) to bid for bankrupt companies and ...
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Small borrowers may get principal payment relief as part of one-time restructuring of loans

01 Jan

Banks and shadow lenders may offer a six-month moratorium on principal repayments for retail and MSME borrowers as part of the one-time restructuring ...
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RBI announced fresh liquidity measures and eases mark-to-market rules to calm investors

01 Jan

The Reserve Bank of India (RBI) announced fresh liquidity measures and a relaxation in mark-to-market rules to help calm investor nerves as a sudden s ...
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Core sectors like steel, cement etc. decline for 5th month in July at 9.6%

01 Jan

The eight core sectors contracted for the fifth month in a row in July, dragged down by a sharp contraction in steel, cement, refinery products and na ...
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Fiscal deficit covers full year Budget estimate within four months of Financial Year

01 Jan

The Centre’s fiscal deficit topped the full year estimate within four months of the financial year, indicating the stress on government finances and t ...
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India's Q1 GDP shrinks 23.9%, worst fall since 1996

01 Jan

India’s economy posted its steepest contraction on record in the April-June quarter of the current fiscal year as the strict lockdowns imposed to ward ...
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Minimal user charges to be levied at redeveloped stations, says Rail Board Chief

31 Jan

User charges will be levied for those boarding trains from redeveloped railway stations, much like the user development fee charged at airports, but t ...
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SBI seeks to invoke Rs. 3000 crore personal guaratnees of Atul Punj, Punj Lloyd's founder

31 Jan

After Anil Ambani, its now the turn of Atul Punj. State Bank of India is seeking to invoke personal guarantees worth Rs. 3000 crore that it claims Pun ...
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ASEAN agrees to review trade pact with India

31 Jan

After months of inaction and the government’s threat to pull out of the Comprehensive Economic Cooperation Agreement (CECA) with Asean, members of the ...
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Govt may run export scheme till December with more checks

31 Jan

In a bid to supply reduction to lakhs of exporters, the Piyush Goyal-led commerce ministry has instructed contemporary steps at hand out export incent ...
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Income Tax Department warns banks of penalty for charging fee on UPI payments

31 Jan

The income tax department on Sunday hit out at banks levying fee on electronic transactions or payments via tools such as UPI, warning them of penal a ...
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All sales staff can now work from home permanently: RPG Enterprises

31 Jan

In a breakaway from traditional norms, RPG Enterprises has become the first Indian diversified conglomerate to do a permanent reset in its workplace p ...
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RBI’s benchmark auction sees record Rs 18,000 crore devolvement

29 Jan

The Reserve Bank of India (RBI) could not find buyers of sovereign bonds for a record amount of benchmark debt at reasonable rates on Friday, signalin ...
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Govt will work tirelessly to ensure efficient norms for MSMEs, startups and entrepreneurs: Kant

29 Jan

The government will continue to work tirelessly to ensure efficient and effective norms for MSMEs, businesses, startups and entrepreneurs and make Ind ...
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Passenger vehicle sales to register double digit growth, first time in 26 months

29 Jan

The passenger vehicle sales is set to register its first year-on-year double digit growth in 26 months as the low base of last year catches up even as ...
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World Bank pauses publication of Doing Business Report over data issues

29 Jan

The World Bank has paused its much-talked about Doing Business publication due to alleged irregularities in its 2018 and 2019 reports. These two repor ...
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After public sector banks reforms, govt set to overhaul PSU appointments

29 Jan

After the reforms at state-run banks, the government is set to overhaul the appointments of public sector chiefs and functional directors and is looki ...
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RBI lift Rupee to 6 month high against the dollar

29 Jan

Record foreign fund buying in equities, with the RBI now remaining on the sidelines in the foreign exchange market, boosted the rupee on Friday to a s ...
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PSBs to monitor cases where insolvency proceedings can be initiated against personal guarantors

28 Jan

The Finance Ministry has asked public sector banks to monitor cases where insolvency proceedings could be initiated against individuals who are guaran ...
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SBI to meet RBI officials on dismissal of UVARCL's bid for Aircel

28 Jan

State Bank of India (SBI) has sought an urgent meeting with the Reserve Bank of India (RBI) to try and sort out the regulator’s objections to the part ...
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Supreme Court reserves verdict on review petition filed by Vijay Mallya in 2017 contempt case

28 Jan

The Supreme Court on Wednesday reserved its order on a petition filed by fugitive businessman Vijay Mallya seeking review of a 2017 order that held hi ...
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RBI governer asks banks to shed their extereme risk aversion in lending

28 Jan

Reserve Bank of India (RBI) governor Shaktikanta Das has called upon banks to shed their extreme risk aversion in lending and to focus on risk managem ...
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Bankers warn over negative returns on deposit accounts

28 Jan

Banks have raised an alarm over real returns on deposit accounts turning negative with the rise in inflation numbers. The concern is that with deposit ...
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Delhi HC stays insolvency resolution proceedings against Anil Ambani

28 Jan

The Delhi High Court Thursday put on hold the insolvency resolution process (IRP) proceedings against Reliance Communications (RCom) Chairman Anil Amb ...
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SC asked centre not to hide behind RBI and clarify their stand on loan moratorium for interest waiver

27 Jan

Pulling up the Centre for “hiding behind the Reserve Bank of India” (RBI), the Supreme Court on Wednesday asked it to clarify its stand within a week ...
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Gujarat tops niti aayog's export preparedness index 2020

27 Jan

Gujarat has topped the Niti Aayog's Export Preparedness Index 2020 followed by Maharashtra and Tamil Nadu in the second and third place respectively, ...
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Political tension with China hits India’s toy-making plans

27 Jan

India’s aspiration to indigenise toy manufacturing may not be easy to realise if the political tensions with China persist.It will prevent partnership ...
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Insurers cannot reject motor claims for not holding valid PUC certificate: IRDAI

27 Jan

IRDAI, the insurance regulator clarified that a motor insurance company cannot deny any claim for not holding a valid PUC or Pollution Under Control c ...
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ARC's cannot infuse equity in Insolvent company at resolution stage: RBI

27 Jan

UV Asset Reconstruction Company's (UVARCL) resolution proposal for bankrupt Aircel, cleared by the Insolvency Tribunal, was rejected by the Reserve Ba ...
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Need framework to tackle digital payment frauds: DSCI-PayPal India report

27 Jan

The growing adoption of digital payments in the country, especially during the Covid-19 pandemic, has necessitated the need for a comprehensive framew ...
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India's GDP growth could drop to -15.2% from 3.1% in Q1: Nomura

27 Jan

India was likely to see its lowest point of growth this year during the April-June quarter at -15.2%, according to a Nomura report on Wednesday.The Ja ...
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Indian economy will take long time to recover, warns RBI

26 Jan

The Reserve Bank of India (RBI) on Tuesday said that Covid-19 had caused a severe shock to consumption, which will take a long time to recover, and it ...
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Banking frauds rose more than 2.5 times by value in FY20

26 Jan

The value of money involved in banking-related frauds in India rose more than two and half times to Rs 1.9 lakh crore in fiscal 2020 from about Rs 71, ...
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Shareholders questioned Tata Motors for decline in investor wealth

26 Jan

Shareholders of Tata Motors lashed out at the company’s leadership at the annual general meeting on Tuesday for denying them dividends and questioned ...
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Accenture to lay off thousands of low performing employees in India

26 Jan

Several thousand Accenture employees in India are likely to be asked to go after the conclusion of the appraisal cycle that is underway. Accenture has ...
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Jack Ma's Ant Group to re-evaluate Zomato investment due to FDI changes

26 Jan

Chinese billionaire Jack Ma’s Ant Group has said recent changes in foreign direct investment (FDI) by the Indian government has led the financial tech ...
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Cash in circulation goes up by 10% in India since lockdown

26 Jan

The pandemic has triggered a ‘dash to cash’ with many households hoarding bank notes. This has resulted in the currency to GDP ratio increasing to pre ...
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RBI to conduct study on large value frauds to identify reporting delays

26 Jan

The Reserve Bank of India (RBI) is set to conduct a study on afew large instances of fraud to pinpoint the reasons behind the delay in identifying the ...
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Banks need to shed risk aversion and boost up capital position: RBI

26 Jan

Indian banks have to shed their risk aversion to ensure adquate flow of credit to productive sectors and also shore up their capital position to deal ...
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RBI rejects plan to sell Aircel assets to UVARCL

26 Jan

The Reserve Bank of India (RBI) has rejected the insolvency tribunal approved plan for selling Aircel's assets to UV Asset Reconstruction Company Ltd. ...
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RBI pushes lenders to raise funds to support possible build up of bad debts

25 Jan

The Reserve Bank of India (RBI) is pushing banks and non-bank finance companies (NBFCs) to raise capital to brace for a possible pile-up in bad debt i ...
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Pvt banks slap fees on use of UPI over 20 times a month

25 Jan

All the large private banks have introduced charges, ranging from Rs 2.5 to Rs 5, on person-to-person payments using the Unified Payments Interface (U ...
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Sovereign wealth funds (SWFs) invested in realty 65% down in first 7 months

25 Jan

The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable.With prime office blocks lying empty around the world, hot ...
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Engineering, healthcare jobs show better pick up, says latest data

25 Jan

The number of job postings in India has increased in all industries, while engineering and healthcare have shown the best recovery so far, shows data ...
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May cancel spectrum licenses if telcos are not ready to pay AGR dues, says Supreme Court

25 Jan

The Supreme Court on Monday said it may order cancellation of spectrum allocation if telecom companies are not ready to pay the AGR-related dues owed ...
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Vodafone Idea, Airtel likely to get show cause notices from TRAI

25 Jan

The Telecom Regulatory Authority of India (Trai) is set to issue show-cause notices this week to Vodafone Idea and Bharti Airtel, asking them why it s ...
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Delhi High Court stays personal insolvency proceedings against Delhi businessman

25 Jan

At a time when big business owners such as Anil Ambani and Venugopal Dhoot are trying to defend their family assets from getting ttached as lenders st ...
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New Rules of origin may raise compliance burden for Indian businesses

25 Jan

Indian businesses depending on imports under free trade agreements (FTAs) will now closely look into their supplier’s manufacturing process and ensure ...
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Passenger vehicle sales likely to crash

24 Jan

The auto industry has pressed the panic button and said that sales will be in a free-fall this fiscal due to the impact of coronavirus and economic sl ...
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Govt frames norms for enforcement of ‘rules of origin’ for imports under FTAs

24 Jan

The government has come out with norms for the enforcement of ‘rules of origin’ provisions for allowing preferential rate of customs duties on product ...
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Vodafone Idea to pay accrued interest on loan after moratorium ends

24 Jan

Stressed telecom major Vodafone Idea may pay interest dues of around Rs 500 crore to lenders in the December quarter.The company has informed lenders ...
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16,487 nos. 7 year high Company incorporations in July 2020

24 Jan

In one of the clearest signs of a pick-up in business sentiment, company incorporations touched a seven-year high of 16,487 in July, or over 530 a day ...
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Indian solar projects hit as Chinese solar gear prices rise

24 Jan

Prices of Chinese solar modules have increased for the first time since 2017, making Indian developers apprehensive about returns on their projects be ...
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Most of the Indian women having H-4 visa are professionally qualified and working in USA

24 Jan

US president Donald Trump has been attempting to stop work permits for spouses of those on H-1B visas. It won’t be easy. But were he to succeed, the o ...
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Migrant Power Economy But Local Quotas Curb Job Mobility

22 Jan

As efforts are made to bring the millions of migrant workers back to factories that power our economy, the paradox of states putting up policy picke ...
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Don’t Wait For Kamath Report To Rejig Loans: RBI To Banks

22 Jan

Reserve Bank of India governor Shaktikanta Das has said banks are expected to come up with board-approved restructuring plans for Covid-affected bus ...
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Supreme Court Seeks Details Of Spectrum Sharing, Trading

22 Jan

The Supreme Court on Friday directed the department of telecommunication (DoT) to provide details of spectrum-sharing and trading among telecom comp ...
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NCLT Will Check Plea Against Anil Ambani

22 Jan

Mr. Ambani had given a personal guarantee to the loans given by SBI to RCom and Reliance Infratel in August 2016. The NCLT in its order on Augus ...
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Govt To Study Auto Supply Chain To Boost Localisation

22 Jan

The government has sought detailed information from automobile manufacturers on investments in the country, industry imports and localisation levels ...
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RBI's Monetary Policy Committee (MPC) feared broader inflation

21 Jan

Fear of inflation dominated the monetary policy committee (MPC) meeting of the RBI on August 6. Members said supply disruption was pushing up prices e ...
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Shareholders question management of Tata Steel on UK unit

21 Jan

Several shareholders of Tata Steel on Thursday questioned the management, led by chairman N Chandrasekaran, on the future of its unprofitable UK unit ...
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Govt plans further stake sale in IRCTC, invites bids from merchant bankers

21 Jan

The government is planning to sell part of its stake in Indian Railway Catering and Tourism Corp (IRCTC) in the current fiscal, and has invited bids f ...
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Trai paper seeks listing of actual broadband speeds

21 Jan

At a time when corona-hit businesses are running through work-from-home (WFH) mode and internet has become the backbone of the economy, education and ...
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Govt's AGR dues may be wiped out in IBC process if spectrum were to be sold: SC

21 Jan

The Supreme Court expressed concern over how statutory adjusted gross revenue (AGR) dues of bankrupt telecom companies would be recovered if their spe ...
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MCA initiates single online compliance famework for Indian Companies

21 Jan

The government is looking to develop a single online compliance framework for India Inc to enable companies to comply with different regulatory requir ...
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Niti Aayog fast-tracks improvement of poverty index to rank states

20 Jan

The Niti Aayog has fasttracked the event of India’s personal poverty index to rank states on measures they’ve adopted to drag folks out of poverty.The ...
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Govt to lease out 3 airports via Public-Private Partnership (PPP)

20 Jan

The Central government on Wednesday cleared the award of airports at Jaipur, Thiruvananthapuram and Guwahati for redevelopment to Adani Enterprises Lt ...
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Health cover becomes top segment in general insurance due to Covid-19 pandemic

20 Jan

The Covid-19 pandemic has provided a booster shot to the health insurance business in the country. With 130 new products launched in four months, the ...
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No divestment yet against target of ₹2.1L cr for 2020-21

20 Jan

Almost five months into the financial year, the department of investment and public asset management (Dipam) is yet to open its account, although it i ...
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Internet Explorer’s nearing end signals govt must modernise

20 Jan

Microsoft’s Internet Explorer (IE), which once was the world's most popular browser — it had a peak market share of 95% in 2003 — will soon become his ...
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Food delivery services like Zomato, Swiggy regain 80% of pre-Covid sales: Survey

20 Jan

India’s online food delivery industry has recovered 75-80% of its pre-Covid sales. However, dining-in at restaurants is still at just 8-10%, according ...
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Govt provides further liquidity to power discoms by easing working capital norms

20 Jan

The government has taken further steps to address liquidity issues affecting the discoms during Covid-19 pandemic.It approved a special liquidity faci ...
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5 million salaried Indians lost their jobs in July 2020

19 Jan

Five million salaried people lost their jobs in July, the Centre for Monitoring India Economy said. "17.7 million salaried jobs were lost in April 202 ...
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ADB approves $1 billion loan for construction of Delhi-Meerut rapid transit system

19 Jan

The Asian Development Bank (ADB) has approved a $1 billion loan to support construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit ...
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Bankruptcy law helps settle over 9650 cases with 3.7 lakh crore claim

19 Jan

The fear of the bankruptcy action has helped settle over 9,650 cases involving claims of around Rs 3.7 lakh crore, with companies and their promoters ...
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China’s central bank buys 0.006% stake in ICICI Bank through QIP

19 Jan

The People’s Bank of China (PBoC) has made a quiet entry into ICICI Bank as a shareholder. Earlier, its disclosure about having an over 1% stake in ho ...
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Jio says that it will pay only its share in RCom’s spectrum dues

19 Jan

The recovery of adjusted gross revenue (AGR) dues of the insolvent telecom operators like Reliance Communications and Aircel has got more complex as t ...
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Indiabulls to sell Real Estate business To Embassy, Blackstone In Share-Swap Deal

19 Jan

Indiabulls Housing Finance Ltd. agreed to exit the real estate business in a deal with Embassy Group and private equity firm Blackstone nearly three m ...
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Axis bank plans to hire gig workers

19 Jan

The ‘Future of work’ — one of the most discussed topics at any HR conference — is already here. In a significant departure from conventional corporate ...
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Q1 GDP contraction may be lower than expected: SBI

18 Jan

The contraction of first quarter GDP growth is likely to be much narrower than previously estimated, an SBI report said on Monday, but cautioned that ...
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SC asks about disppearing of RCom's asstes in 2 years

18 Jan

As the net worth of Anil Ambani-led RCom nosedived from over Rs 37,000 crore to around Rs 10,000 crore in the last two years, the Supreme Court on Mon ...
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Hiring in India recovered from lows of April: Study

18 Jan

Overall hiring in India has recovered from the lows of April with software engineers, business development and sales managers being among the jobs wit ...
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CarDekho enters into franchise biz model, launches first exclusive store in Jaipur

18 Jan

Automobile portal CarDekho on Monday announced its entry in the certified pre-owned car market through a franchise business model with the launch of t ...
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Govt eases credit guarantee scheme norms for stressed NBFCs

18 Jan

With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed norms for Pa ...
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Lightspeed raises $275 million for third India fund

18 Jan

Lightspeed Venture Partners, an early backer of prominent startups such as Byju's, Oyo and Udaan, has raised $275 million for its third India-focussed ...
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Power ministry asks industry to replace the items being imported

18 Jan

The power ministry has dialled domestic manufacturers, including majors such as L&T and state run BHEL, for launching a phased manufacturing progr ...
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Loan tenure may be extended to 2 more years due to Covid

17 Jan

Lenders, including SBI, are working on restructuring options for home loans where the overall tenure of the loan does not extend by more than two year ...
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Salary components may be taxed during work from home

17 Jan

As professionals work from home, salary components such as conveyance allowance can no longer be tax-free, and given the spread of the pandemic, one m ...
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Reliance Industries may buy Urban Ladder, Milkbasket to boost e-tail

17 Jan

Reliance Industries (RIL) is in talks to acquire online furniture brand Urban Ladder and milk delivery platform Milkbasket as it looks to strengthen i ...
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General insurance business at pre-Covid levels in July

17 Jan

The general insurance industry has posted yearover-year growth of 18% to Rs 17,011 crore in July, compared to the year-ago period. The industry has se ...
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Labour codes empower states to change their labour law framework

17 Jan

States will be able introduce significant changes to their labour law framework, such as allowing retrenchment of workers, sans a legislative amendmen ...
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Diesel sales drop 19% while petrol recovers 2% in first half of August compared to previous month

17 Jan

Diesel sales dropped by a fifth in the first half of August compared with a month ago, signalling extended regional lockdowns, sluggish economic recov ...
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1.6 crore new debit cards issued by banks during peak lockdown

17 Jan

Indian banks issued more than 16 million new debit cards during the peak months of the lockdown amid an increased demand by customers for contactless ...
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PM Modi to launch new scheme to reward honest taxpayers

13 Jan

Prime Minister Narendra Modi is set to unveil the much-awaited scheme to reward honest taxpayers on Thursday.While the government has for long talked ...
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Banks told to be ready with lists of borrowers for loan recast

13 Jan

Banks have been advised to be ready with the list of borrowers who will be eligible for one-time debt restructuring under a special window opened by t ...
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Mediclaims from non-covid hospitals grow rapidly

13 Jan

After a four-month lull, insurance claims for hospitalisation are gathering pace, for both Covid as well as non-Covid treatments. While the number of ...
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Reversing trend: Jobs in Indian companies attract resumes from abroad

13 Jan

When TeamLease Services lately marketed for a gap in a advertising and marketing function on the recruitment firm, it was stunned to obtain a response ...
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Guarantee scheme eases NBFC loan distress

13 Jan

A massive government-cum-Reserve Bank of India effort to increase loan flow to low-rated non-bank lenders appears to be paying off. Public sector bank ...
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To bring investors in, Govt may ease exit clause in highways sector

13 Jan

India could ease the exit clause in the highways sector for investors who want to sell them off after completion of construction.Looking to draw inves ...
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Sale of small diesel cars and sedan fallen to 1.8% during April-July

11 Jan

The Indian car buyer does not want to buy diesel-powered vehicles anymore. The share of diesel variants in sale of small cars and sedans has fallen to ...
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Govt may allow co-operative banks to lend under MSME Emergency Credit Guarantee Scheme

11 Jan

The government is looking to make urban co-operative banks eligible to lend under the Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) f ...
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Scope of Gratuity can be widened to include contract, seasonal and gig workers

11 Jan

The labour ministry may widen the scope of gratuity to include contract workers, gig workers, seasonal workers and fixed-term employees by reducing th ...
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Equity Mutual Funds see first monthly outflow in July after 4 years

11 Jan

Equity mutual funds witnessed the first month of net outflows in July after four years as jittery investors preferred to stay in cash after the sharp ...
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ICICI launches Rs 15,000 Cr QIP issue, whereas Indigo to raise upto Rs. 4,000 Cr.

11 Jan

Leading private sector lender ICICI Bank on Monday evening said it was launching a qualified institution placement (QIP) issue to raise up to Rs 15,00 ...
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Imports from China: Govt thinks of duty hike on textiles, cameras, laptop etc.

11 Jan

The government is considering increasing customs duty on close to 20 product segments including laptops, cameras, textiles and aluminum goods, while p ...
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Banks differ with sbi on inter-creditor pact for lending to companies battling the pandemic

11 Jan

Banks are struggling to create a common pact for lending to companies that will need funds to grow, rejig their loans, and battle the slowdown wrecked ...
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India bans import of 101 defence items

10 Jan

To make the Indian defence industry self-reliant and boost indigenisation, the Ministry of Defence banned the import of 101 items on Sunday.The MoD ha ...
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India lacks in ease of doing business: Volkswagen

10 Jan

Because it traces up a recent Rs 8,000-crore funding for India, German auto big Volkswagen Group has mentioned that it isn’t simple to do enterprise i ...
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China not the most competitive producer in 82% imports: Study

10 Jan

A product was thought-about delicate if China accounted for over 10% share of imports or if the worth of shipments was $50 million or extra. ‘Such exp ...
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Blackstone, a US based private equity firm, to buy malls and business parks of Prestige Estates

10 Jan

Prestige Estates is in talks with the US-based private equity firm Blackstone to sell a big portion of its commercial office portfolio and some malls ...
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RBI Directions: Banks in dilemma over Current Account restraint

10 Jan

The RBI's stringent restrictions on the opening of corporate current accounts are likely to hit foreign and private sector banks. These banks may have ...
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States ready with land parcel data to woo investors

10 Jan

The government’s move to keep land parcels ready for investors to quickly decide on investment destinations is expected to begin in close to half-a-do ...
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RBI formed committee led by KV Kamath to work out loan recast details

08 Jan

The Reserve Bank of India (RBI) on Friday announced the names of the members, for the committee constituted under the chairmanship of K.V. Kamath to m ...
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Radio Mirchi revenue falls 72%, but market share rises to 33%

08 Jan

Entertainment Network (India) Ltd, or ENIL, the operator of India’s No.1 FM radio channel Radio Mirchi, on Friday posted a total revenue of Rs 37 cror ...
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Indian smartphone market crashes by 51% due to supply chain distress

08 Jan

The coronavirus induced lockdown and subsequent crunch in parts supplies from China due to border tensions saw the Indian smartphone market contract b ...
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Microsoft-TikTok deal may not be taxed in India

08 Jan

Any acquisition by microsoft of TikTok that includes the video streaming app's India business is unlikely to incur tax locally, said officials and exp ...
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Oil Trades below $42 with US, increasing China's tension

08 Jan

Oil in New York fell as US President Donald Trump’s latest attack on Chinese tech companies stoked tensions between the two countries, weighing on ris ...
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Trump's order to buy US made medicines may hurt India's Pharmaceutical companies

08 Jan

US President Donald Trump’s order directing his government to increase procurement of indigenously-manufactured essential medicines, could hurt Indian ...
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Big private equities to buy malls and launch Real Estate Investment Trusts (REITs)

08 Jan

Blackstone Group Inc. and Brookfield Asset Management Inc. are among private equity firms looking to buy stakes in Indian malls hit by the coronavirus ...
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RBI opens one-time window to recast loans

07 Jan

For the first time since the 2008 financial crisis, the Reserve Bank of India on Thursday announced an across-the-board loan restructuring scheme that ...
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RBI keeps rates unchanged due to inflationary pressure

07 Jan

The Reserve Bank of India (RBI) on Thursday left interest rates unchanged but promised to continue with the accommodative stance as long as it is nece ...
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Details of high value cheques can be sent through image to bank

07 Jan

Account-holders will soon be able to send to their bank the details of a high-value cheque they issue to third parties, which will enable safer and fa ...
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Borrowers can get loan of up to 90% of value of gold

07 Jan

Borrowers can now pledge gold jewellery and ornaments in the banks and get loans of up to 90 per cent of its value, the Reserve Bank of India has said ...
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Vodafone-Idea Q1 losses at Rs 25,460 crore on provisioning for statutory dues

07 Jan

India's third-largest telecom operator Vodafone Idea on Thursday reported a sharp rise in its losses to Rs 25,460 crore for the April-June quarter of ...
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Aadhaar Card’s use widened further

07 Jan

The Centre may allow Aadhaar authentication on a voluntary basis for delivery of social welfare benefits by government entities in order to ensure goo ...
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NCLAT sets aside bid for Ricoh India

07 Jan

The National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the approval given to investor Kalpraj Dharamshi and Rekha Jhunjhunwala ...
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Logistics firms optimise costs among payment delays

07 Jan

Logistics companies are grappling with payment delays from cash-strapped customers as well as higher costs due to increase in diesel prices, shortage ...
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Affordable housing, rural lending get Rs 10,000 crore facility by RBI

07 Jan

A new Rs 10,000-crore facility the central bank has offered to the National Bank for Agriculture and Rural Development (Nabard) and the National Housi ...
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As outsourcing increases IT firms may hire over 1 lakh people

07 Jan

India’s top IT companies will hire more than 1,00,000 employees remotely or locally. This major move has been taken to strengthen the team of the comp ...
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Gold's demand increases amid uncertainty

06 Jan

As central banks across the world continue to infuse money into the system to insulate their economies from the impact of a Covid-induced slowdown, in ...
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Covid health insurance claims near 1 lakh as private treatment grows

06 Jan

Health insurance claims related to Covid-19 are inching owards the one-lakh mark, with the value of the claims at around Rs 1,400 crore. Even as Mumba ...
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Uber’s business is seeing very slow recovery among all major markets

06 Jan

Uber’s ride-hailing business is seeing the slowest recovery in India compared to other large markets like the US and Brazil, both of which even have m ...
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Low threshold for beneficial owner under the new FDI rule

06 Jan

India may prescribe a low threshold for beneficial ownership under the foreign direct investment (FDI) policy, which was recently amended to require p ...
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Companies take steps to help employees in work-life balance

06 Jan

The adoption of work from home (WFH) has allowed companies to skirt the Covid-19 threat to offices but, as the practice has dragged on for four months ...
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Domestic air traffic revival fails to meet expectations

06 Jan

If you expect India's aviation industry to take off immediately, you'd be considered rather optimistic. That's because airlines are not flying as ofte ...
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NCLT to take call on RCom's Resolution Plan

06 Jan

The NCLT has said it will take up the Resolution Plan of Reliance Infratel on August 10 and those of Reliance Communications (RCom) and Reliance Telec ...
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Social security schemes may soon cover gig workers too

06 Jan

The labour ministry may soon include gig workers under the existing social security schemes of the government, which would make them eligible for pens ...
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HDFC Bank: Sashidhar Jagdishan to succeed Aditya Puri as CEO

05 Jan

Sashidhar Jagdishan is set to head HDFC Bank after Aditya Puri, managing director and CEO, steps down in late October. Jagdishan, 55, is currently Gro ...
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TDSAT rejects TRAI plea on not mentioning Jio Plaint

05 Jan

The Telecom Dispute Settlement & Appellate Tribunal (TDSAT) has rejected the telecom regulator's plea to change its interim order to note that its ...
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Companies making Covid-19 vaccine upset over lack of norms

05 Jan

Even as the indian drug regulators are pushing the domestic manufacturers to expidite clinical trials to produce Covid-19 vaccine swiftly, the vaccine ...
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Browser offered by Xiaomi on its phones banned by government

05 Jan

The government has banned the browser offered on smartphones made by Xiaomi, widening the action against Chinese companies operating in India.The acti ...
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Worst seems over, economy recovering, says govt

05 Jan

India is well on the path to recovery from a trough in April, supported by proactive government and central bank policies, a finance ministry report s ...
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NBFC plans of Mauritius-funded startups blocked by RBI

05 Jan

Indian startups will have to wait longer to own their non-banking financial company (NBFC) licence since the RBI has returned the applications of seve ...
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Sales of large capacity appliances rise upto 70% in July

05 Jan

Kolkata: Sales of large capacity refrigerators, washing machines, microwave ovens and large screen televisions have risen 40-70% on-year in July, as u ...
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Premature to predict demand in near term, but in-home consumption picking up: Coca-Cola

05 Jan

Beverage maker Coca-Cola said it is premature to predict consumer demand in the near immediate term and upcoming festive season, though it is seeing g ...
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Biyani’s personal debt final item in $3bn RIL-Future deal

04 Jan

Negotiations over resolving the personal debt of Kishore Biyani, amounting to about Rs 2,000 crore, is one of the final key items as the deal between ...
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Tractor industry grows 35% in July

04 Jan

Tractor sales in the country have clocked over 35% year-on-year growth in July on the back of robust agricultural activities.
Top manufacturers lik ...
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India blocks top Chinese apps Baidu, Weibo, to be taken off from app stores

04 Jan

Baidu Search and Weibo, among the most influential apps of China and dubbed as the country’s answer to Google search and Twitter respectively, have be ...
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Real-time monitoring of Rs 1 lakh crore Agriculture Infrastructure fund in works

04 Jan

The government plans to review its newly launched Rs 1 lakh crore Agri Infrastructure Fund (AIF) after the disbursement of Rs 20,000 crore.“The scheme ...
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Tata Capital picks up 0.85% stake in Biocon Biologics for $30 million

01 Jan

Tata Capital will invest Rs 225 crore or $30 million for a 0.85 per cent stake in Biocon's biosimilar business Biocon Biologics, valuing the company a ...
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India reviews continuation of trade pact with Asean

01 Jan

The government is reviewing the continuation of the free trade agreement (FTA) with Asean in the wake of the trading bloc’s reluctance to address Indi ...
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Telecom sector needs to focus on security, self reliance: PM Modi

01 Jan

Prime Minister Narendra Modi Friday said that time had come to focus on self-reliance and security in the telecom sector, highlighting an issue which ...
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Core sector contraction further slows in June, only fertiliser sector shows growth

01 Jan

Aided by the relaxation in lockdown restrictions, India’s infrastructure sector contracted at a slower pace in June compared to May. However, barring ...
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Govt may hike import duty on bulk drugs

01 Jan

The government is considering increasing the import duty on active pharmaceutical ingredients (APIs) to 20-25% from the current 10%, to help boost loc ...
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TV imports licensed by Govt to support local production

31 Jan

In a move aimed at promoting domestic manufacturing, the government on Thursday decided to license the import of fully-built televisions sets by putti ...
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RIL Quarter 1 profit rises to 31%

31 Jan

Reliance Industries saw its first quarter profit rise 31% to Rs. 13,248 Crore on the back of the gain it made from sale of its 49% stake in the petro ...
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Government may expand small business loan coverage

31 Jan

Amid complaints of exclusion, the government is looking to expand the coverage of the guarantee-based loans for small businesses. The sanctioned limit ...
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HDFC Quarter 1 net profit falls 5% to Rs. 3052 Crore

31 Jan

Mortgage lender HDFC on Thursday said its net profit fell 4.7 per cent to Rs 3,052 crore for June quarter compared with Rs 3,203 crore in the same qua ...
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MCA notifies investigation rules for cases against NCLT judges

31 Jan

The ministry of corporate affairs has notified rules for investigating complaints against judges of the National Company Law Tribunal (NCLT) and the N ...
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Sellers flag amazon's data policy, say company is pushing in-house brands

31 Jan

Third-party sellers have demanded transparency from e-commerce company Amazon on its data practices as well as alleged preferential treatment for in-h ...
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Demand from semi-urban India fires up Auto Sectors engines

31 Jan

Robust demand from Bihar, West Bengal, Jharkhand, Madhya Pradesh, Haryana and Himachal Pradesh is bolstering the restoration for India’s main carmaker ...
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Airtel Q1 loss widens to Rs 15,933 crore on AGR woes

30 Jan

Bharti Airtel went deeper into the red as its losses in first quarter of FY21 widened to Rs 15,933 crore due to provisioning made towards the SC-manda ...
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Review MEIS benefits to support other promising business’

30 Jan

The department of revenue has asked its commerce counterpart to review the coverage of export incentive scheme MEIS (Merchandise Export from India Sch ...
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Fund bankable projects without any fear, PM tells bankers

30 Jan

Prime Minister Narendra Modi urged the country’s top lenders to fund bankable projects, undeterred by the non-performing assets (NPAs) generated in th ...
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Maruti posts first loss since IPO

30 Jan

Maruti Suzuki reported its first loss since it became a listed entity in 2003 as lockdown and other restrictions crippled sales and production for the ...
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88% of workers in India prefer work from home

30 Jan

As high as 88% of the workforce in India prefer to have the flexibility of working from home and 69% believe their productivity has increased wh ...
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IFIN: NFRA slaps ₹15-lakh fine, five-year ban on Deloitte partner Baid

30 Jan

This is third disciplinary action in IL&FS Financial Services matter by the audit regulator in last 10 daysAudit regulator NFRA has slapped a fine ...
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PM to meet top bankers today, discuss credit flow

29 Jan

Worried over the flow of credit to the corporate sector and small businesses, Prime Minister Narendra Modi will brainstorm with the country’s top bank ...
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TikTok to government: Ready to store data locally

29 Jan

TikTok, is understood to have told the government that the company is ready to set up data centres in India to store user information locally even as ...
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Local spirits cos offer country liquor in paperboard cartons

29 Jan

The negative impact of Covid-19 on the Indian spirits industry has forced major local players to introduce country liquor in paperboard cartons. Launc ...
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Flipkart to offer 90-minute deliveries in India

29 Jan

Flipkart said it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with A ...
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Govt caps export sops under MEIS at Rs 9,000 crore for April-December

29 Jan

The revenue-starved finance ministry has asked the commerce ministry to limit benefits under the flagship Merchandise Exports from India Scheme (MEIS) ...
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Global liquidity glut, Covid cloud push up metal prices

28 Jan

An unprecedented amount of funds being infused by central banks around the world is driving metal prices up. Gold is now at an all-time peak, silver’s ...
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RBI guv remains non-committal on moratorium

28 Jan

Reserve Bank of India (RBI) governor Shaktikanta Das remained non-committal on both moratorium and a loan-restructuring scheme despite conflicting dem ...
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InCred kicks off talks to merge with KKR’s NBFC

28 Jan

Global alternatives assets major KKR is in advanced discussions to merge its corporate lending unit KKR India Financial Services with InCred Finance, ...
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Covid-19: IndiGo to deepen pay cuts for senior staff, pilots by 15-35%

28 Jan

IndiGo, which carries one in every two domestic air passengers, has deepened pay cuts for its senior employees and pilots by another 15-35%. This come ...
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Government needs to recap PSU banks: Fin panel chief

28 Jan

The 15th Finance Commission chief N K Singh underlined the need for a significant government outlay for recapitalisation of public sector banks ...
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Trai's new tariff order: Around 100 TV channels may shut if new order applied

27 Jan

TV broadcasters are in a tizzy these days. An order from the Telecom Regulatory (TRAI) has troubled them. TRAI has instructed them to follow the new t ...
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RIL inches closer to buying Future Group’s retail biz

27 Jan

Reliance Industries (RIL) is in late-stage talks to acquire the retail business of Future Group as it moves to bolster its brick-and-mortar play in As ...
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Former central banker Viral Acharya cautions India against deficit financing

27 Jan

Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government’s budget deficit, citing risks to inflati ...
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India’s e-commerce penetration will double to 11% by 2024: Goldman Sachs

27 Jan

India’s e-commerce industry is expected to reach $99 billion in size when online commerce penetration will more than double to almost 11%. The growth ...
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Aditya Puri sells HDFC Bank shares worth Rs 843 crore

27 Jan

Aditya Puri, HDFC Bank’s managing director who’s slotted to retire in about three months, last week sold about 74 lakh shares of the bank worth about ...
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CDEL probe blames Siddhartha’s poor biz model.

25 Jan

The probe into the financial troubles of Coffee Day Enterprises (CDEL), which runs the Cafe Coffee Day chain, has laid the blame on late promoter VG S ...
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Apple widens India operations, starts manufacturing of iPhone 11

25 Jan

Apple is growing its engagement in India and has started to manufacture its top-of-the-line iPhone11 smartphone, at a time when the government is aggr ...
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Bad loans may rise to 20-year high due to pandemic: RBI

25 Jan

The Reserve Bank of India (RBI) has warned that bad loans in banks could rise to a 20-year high as a result of the economic crisis triggered by the Co ...
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New security protocol to hit Chinese phone, drug companies hard

25 Jan

Chinese manufacturers that have invested in India to set up manufacturing facilities via the foreign direct investment route will need a fresh securit ...
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Clashed with then-FM on insolvency norms: Urjit Patel

25 Jan

Former Reserve Bank of India (RBI) governor Urjit Patel has said that differences with the then finance minister began with the government’s decision ...
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ITAT rules in favour of Tata Education trust, disallows IT dept’s demand of over Rs 100 cr

25 Jan

In a major relief for Tata Education & Development Trust, the Income Tax Appellate Tribunal (ITAT) on Friday ruled in favour of the trust in its a ...
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May miss Budget targets, but see strong recovery: DEA secy

24 Jan

The government may be unable to meet its Budget estimates for the current financial year (2020-21) due to the Covid-19 crisis, but expects a V-shaped ...
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81 stalled housing projects to get Rs 8,800cr from special window

24 Jan

The special financing window for held-up housing projects has provided assistance of nearly Rs 8,800 crore to 81 projects — with 27 in Mumbai and 26 i ...
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AU Bank posts 48% profit growth in Q1, at Rs 177 crore

24 Jan

The Pink City-headquartered AU Small Finance Bank reported net profit growth of 48% at Rs 177 crore in the Covid-hit first quarter of the current fina ...
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Indian economy could revive sooner than we expect, says Finance Secretary

24 Jan

India's economy will spring back to normal sooner than expected and may even make a sharp V-shaped recovery in the next financial year, two top financ ...
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Duff & Phelps India drags IBBI to court on order against senior advisor

24 Jan

The Indian arm of American financial consultancy firm Duff & Phelps has dragged the Insolvency & Bankruptcy Board of India (IBBI) to cou ...
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FM pushes CPSEs to achieve capex targets

24 Jan

Finance minister Nirmala Sitharaman pushed Central Public Sector Enterprises (CPSEs) to perform better to achieve their capital expenditure (capex) ta ...
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Next fiscal push may come after Covid-19 vaccine: CEA

23 Jan

The government may prefer to provide a fiscal push once uncertainty over the Covid-19 pandemic declines with the arrival of a vaccine, chief economic ...
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Deloitte’s former CEO gets 7-year audit work ban

23 Jan

National Financial Reporting Authority (NFRA), the regulatory body for auditors of listed and large companies, announced a seven-year ban on former De ...
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Probe likely to flag Rs 4,000 cr hole in books of Coffee Day

23 Jan

A probe into Coffee Day Enterprises (CDEL) is expected to reveal details of suspicious circular transactions between Mysore Amalgamated Coffee Estates ...
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Two-wheeler makers take premium route owing to traction from leisure & hobby segment

23 Jan

Demand for two-wheelers is recovering at a fast pace and most manufacturers are placing bets on the premium range owing to traction from the leisure a ...
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Small companies' NPAs set to go up, job cuts on the cards

23 Jan

Non-performing assets in the micro, small and medium enterprise (MSME) sector are likely to increase as the moratorium on the repayment of term loans ...
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Covid-19 to push automakers into a record loss of Rs 10,000 crore in Q1

23 Jan

Listed Indian automobile companies could post a cumulative loss of Rs 10,000 crore for the June quarter.As much as Rs 7,000 crore of this is expected ...
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Government to revamp FTA strategy to ensure economic benefits

22 Jan

The government is recalibrating its strategy on entering into free trade agreements (FTAs) in a bid to ensure that the treaties provide economic and s ...
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India's hiring sentiment picks up for April-September

22 Jan

The country’s recruiting sentiment has improved a little after the lockdown with an increased hiring intent for the first half of this fiscal, accordi ...
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Home remedies for Covid fire up spice market

22 Jan

In their quest to find immunity boosters against Covid, more Indians are gulping concoction of spices firing up the prices of turmeric, pepper and gin ...
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Renewed sowing pushes up tractor registrations in TN

22 Jan

As the state is heading for a bumper kharif crop lead by paddy, sales of tractors is also powering ahead with new tractor registrations across RTOs in ...
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Early production hike for consumer electronics, phones.

22 Jan

Top manufacturers of smartphones and consumer electronic goods such as LG, Sony, Xiaomi, Vivo, Realme and Panasonic are advancing festive season ...
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Non-AAA rated NBFCs queue up for half of the government’s Special Liquidity Scheme

22 Jan

A clutch of non-AAA rated firms has applied for nearly half the amount set aside for nonbank lenders under the government’s special liquidity programm ...
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Corporate FDs still attractive for seniors despite interest rate cuts

22 Jan

A corporate fixed deposit rates have come down a bit reducing their attractiveness over bank and post office offerings. But senior citizens can ...
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Cafe Coffee Day's auditor resigns citing “commercial considerations”, questions raised on reported numbers

21 Jan

Coffee Day Enterprise’s auditor, BSR & Associates, has resigned citing “commercial considerations”.In its last report, the KPMG unit raised questi ...
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Refining output dips again after nearing pre-Covid levels amid low local demand

21 Jan

Refinery run rates are again falling in the country after reaching near pre-Covid levels, which may reduce crude oil imports, as local lockdowns, mons ...
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Cheaper, faster and easier insolvency resolution process on cards for MSMEs: IBBI

21 Jan

A cheaper, faster and easier insolvency resolution process is on the cards for micro, small and medium enterprises (MSMEs), said Insolvency and Bankru ...
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Two labour codes finalised by labour ministry may be tabled in monsoon session

21 Jan

The labour ministry has finalised two labour codes that will give flexibility to state governments on rules related to hiring, retrenchment and fixing ...
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There’ll be no recalculation of telcos’ AGR dues, says SC

21 Jan

India’s big telecom players, except Jio, pleaded before the Supreme Court for a staggered payment of adjusted gross revenue (AGR) dues over 15 y ...
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India Inc to see over 40% dip in Q1 profit: Reports

21 Jan

Covid-related disruptions in the economy during the just ended April-June quarter (Q1FY21) are expected to reduce India Inc’s net profit by more than ...
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IL&FS raises target, looks to recover Rs 57,000 crore from assets

21 Jan

The government-appointed board of failed finance and infrastructure group IL&FS has said that it now expects to recover more than it earlier estim ...
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India plans to reduce number of state-owned banks to just five: Sources

21 Jan

India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to just five as part of an over ...
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Tough to get companies' moratorium dues by March 31: Bankers

20 Jan

Bankers warn that many businesses may not be able to square their positions by March 2021 with regards to dues relating to the ongoing moratorium peri ...
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Covid forces companies to relook at board mix

20 Jan

The current pandemic, which has challenged businesses like never before, has also got them thinking about the quality of their board of directors. Alt ...
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Shut offices, hotels block flow of bottled water sales

20 Jan

The bottled water industry in India, which was growing at double digits, has hit a roadblock due to Covid-19 as sales in offices, hotels and travel re ...
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I-T dept disposes 7,116 assessments under first phase of faceless assessment

20 Jan

The Income Tax department has started the first phase of the faceless assessment and 7,116 cases were disposed of without raising any demand for addit ...
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Govt may allow 100% FDI in completed housing projects

20 Jan

India is reviewing its foreign direct investment (FDI) policy for the real estate sector to see if 100% overseas investment can be allowed in complete ...
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Google Tax Mop-up at over `2.6K Cr Since ’16

20 Jan

India has collected more than `2,600 crore by taxing digital advertising since it began levying the equalisation tax in 2016, people in the know said, ...
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Digital payments widen gap with ATM withdrawals

18 Jan

There are early signs that India is finally turning into a digital payment economy less dependent on cash. For the first time, in the fourth quarter o ...
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Equalisation levy not targeted at US companies: Government

18 Jan

The government has told the US authorities that the equalisation levy on e-commerce supplies and transactions is non-discriminatory and is in line wit ...
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TDSAT sets aside Trai order blocking Vodafone-Idea premium tariff plan

18 Jan

The appellate tribunal stayed the telecom regulator’s July 11 order blocking Vodafone Idea Ltd’s RedX premium tariff plan, granting interim relief to ...
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NPCI raises scope and limit of debit transactions on NACH platform

18 Jan

Bank customers can soon automate the payment of their credit card bills, insurance premiums, loan instalments and all such transactions of recurring n ...
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India for customs duty on computer-aided design files for 3-D printing

18 Jan

India has proposed imposing customs duties on computer-aided design, or CAD, files, which are necessary for 3D printing, while pitching its case for c ...
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CURBS ON IMPORTED GEAR FOR RENEWABLE POWER PROJECTS NOT TO DETER SBI FROM LENDING

18 Jan

Restriction on imported gear for renewable and thermal power projects will not deter State Bank of India from lending to projects built on foreign equ ...
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MSME promoters may get first right to prepare resolution plan

17 Jan

In a major departure from the Insolvency & Bankruptcy Code (IBC) provisions, the regulator has proposed a special dispensation for micro, small an ...
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Education and marriage can wait, now it’s savings for Covid

17 Jan

Middle-class Indians, who were until last year worried about savings for their children’s education or marriage, are now more concerned about immediat ...
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Start-stop lockdowns put brakes on auto companies operations

17 Jan

Local start-stop-start lockdowns are playing havoc with the auto industry’s production and sales ramp-up plans.
Companies readying to scale u ...
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OPEC and allies to ease cuts, allow more oil production

17 Jan

Ministers from the Organisation of the Petroleum Exporting Countries (OPEC) cartel have agreed to allow more oil to flow from the taps, saying demand ...
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Centre worried about the effects of micro lockdowns on macro recovery

17 Jan

Extensive shutdowns being imposed with little warning by states have worried policymakers at the Centre as they threaten the revival of an economy stu ...
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Indiabulls Housing Finance seeks to sell Rs10,000-crore builder loans

17 Jan

Indiabulls Housing Finance is in talks with at least four potential investors – Deutsche Bank, Oaktree Capital, Brookfield and SSG Capital – to sell b ...
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In a first, IndiGo & SpiceJet to wet-lease planes to launch long-haul overseas flights

17 Jan

As India resumes air travel with various nations, IndiGo and SpiceJet, in a first, are leasing long-haul planes on a wet lease to launch flights to th ...
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Google To Invest Rs 33,737 Crore For 7.7% Stake In Jio Platforms

16 Jan

Google has agreed to invest Rs 33,737 crore to buy a 7.7 per cent stake in Reliance Industries' technology venture, adding to a slew of investments si ...
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Savings disincentivised: Real interest rates slide into negative territory

16 Jan

A sharp fall in deposit rates due to aggressive rate cuts by banks in response to the Reserve Bank of India's (RBI) reduction in the benchmark rates c ...
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Lockdowns eased, top car makers ramp up production to meet rising demand

16 Jan

Maruti Suzuki, Hyundai Motor and Mahindra & Mahindra the country’s top carmakers are adding factory shifts and hiring more workers to fire u ...
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Reliance Retail to rope in global partners in next few qtrs

16 Jan

Reliance Retail, the retail arm of Reliance Industries (RIL), will induct global partners and investors in the next few quarters. “We have received st ...
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Trade balance turns surplus after 18 yrs

16 Jan

India registered a trade surplus after almost two decades with the balance in June turning in the country’s favour at $790 million. However, a sharp c ...
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Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms

15 Jan

Reliance Industries (RIL) said global technology giant Google would invest Rs 33,737 crore for a 7.73 per cent stake in Jio Platforms, the subsidiary ...
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MSMEs may get up to Rs 1 lakh crore salary support

15 Jan

The government is discussing ways to boost consumer demand in the economy, with one option being the possibility of providing salary support of up to ...
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Walmart to put $1.2bn into Flipkart

15 Jan

US-based retail giant Walmart is leading a fresh infusion of $1.2 billion in Flipkart, two years after it acquired a 77% stake for $16 billion, as the ...
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Auto companies expect 26-45% fall in sales, seek GST cut

15 Jan

The auto industry has sent out an SOS to the government, seeking a 10% reduction in GST rates across vehicle categories. While painting a grim picture ...
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Perpetual Bond Mkt Comes Back to Life as Banks Open Up for Sales

15 Jan

The market for perpetual bonds from banks is clawing back to life as yield-hungry investors begin to take higher risk and banks open up for such ...
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E-commerce, logistics firms bring back blue-collar jobs.

14 Jan

Blue-collar job openings saw an uptick in sectors like e-commerce and logistics, according to HR consultancies which expect a further spike to come ab ...
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Google to Invest $10 b in India Over 5-7 Years

14 Jan

Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the w ...
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As discom losses continue downward spiral, power secretary bats for better governance

14 Jan

Revenue deficit of state power distribution companies has risen to the worst in nearly a decade, while other financial indicators are also bleak. The ...
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Vodafone Idea knocks on TDSAT's door against Trai's order blocking its RedX premium plan

14 Jan

Vodafone Idea moved the telecom tribunal on Monday, challenging a regulatory order blocking its RedX premium tariff plan that offers faster data speed ...
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Not against imports, have to import products where we have difficulty: Piyush Goyal

14 Jan

Commerce and industry minister Piyush Goyal on said India is not against imports and will need to import certain products as every country can't produ ...
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Retail Inflation above 6% in June, economists expect further rate cuts

14 Jan

Retail inflation in India firmed up in June, breaching the tolerance band of 4% with a margin of 2% set by the Monetary Policy Committee.Miscellaneous ...
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Trai blocks Airtel, Voda Idea premium plans, says may affect service quality of others

13 Jan

The telecom regulator has blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services, ...
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Interest rate cut, deposit growth to hurt lenders’ profitability in Q1

13 Jan

A sharp fall in lending rates due to aggressive benchmark rate cuts by the Reserve Bank of India (RBI) and faster deposit growth during the lock ...
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India's GDP likely to contract 4.5% in FY21: FICCI survey

13 Jan

Industry body FICCI's latest Economic Outlook Survey has pegged India's growth for 2020-21 at (-) 4.5 per cent as the country continues to see a gradu ...
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Visas, social security pact to top India-US trade talks

13 Jan

India and the US will this week discuss a possible move towards a Totalisation Agreement — which will help Indian technology and other professionals a ...
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Like last year, TCS to hire 40,000 freshers

13 Jan

Tata Consultancy Services (TCS) plans to keep its India campus hiring this year at about the same level as last year (40,000), despite the sharp drop ...
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US giant Qualcomm to invest Rs 730cr in Jio

13 Jan

Reliance Industries (RIL) has raised Rs 730 crore from Qualcomm Ventures by selling 0.15% stake in Jio Platforms, it said on Sunday.The company, ...
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No Curbs on Work-from-Home for Software Units in Tech Parks

11 Jan

Software units housed within the national technology parks of India will face no curbs with regard to moving employees and assets to a remote working ...
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IIP contraction rate slows in May.

11 Jan

India's industrial production contracted 34.7% in May, slower than the pace in April, computations based on official government data showed. The figur ...
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Manufacturers intensifies health checks and sanitisation programmes amid surge in Covid cases

11 Jan

Manufacturing companies from Maruti Suzuki, Hyundai Motor India and Toyota Kirloskar Motor to JSW Steel and Steel Authority of India are closely ...
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China Apps Ban Drives Indian Firms’ Gains

11 Jan

Indian entertainment apps such as Mitron, Trell, RheoTV, Aiisma, Loco and Rooter are gaining both talent and users from banned Chinese apps as tension ...
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Blanket moratorium extension till December not required: SBI Chairman Rajnish Kumar

11 Jan

State Bank of India chairman Rajnish Kumar said that across the board relief on payment of loan dues is not needed beyond August and he expects the Re ...
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Solar energy will play major role in achieving Atmanirbhar Bharat, says Modi

11 Jan

Prime Minister Narendra Modi said solar energy would play a major role in achieving self-reliance in energy, essential for an Atmanirbhar Bharat (self ...
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Vendors face pressure on working capital as e-commerce platforms, PSUs delay tax payments

11 Jan

A government move to extend the timeline for depositing tax deducted at source (TDS) and tax collected at source (TCS) is creating cash flow pro ...
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Consumer Affairs Min Orders Cos to Strictly Follow Labelling Norms

10 Jan

The consumer affairs ministry has ordered that every product sold by companies and ecommerce platforms must prominently display its country of origin, ...
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PM Modi try to attract global companies with investment-friendly business environment

10 Jan

Speaking at the India Global Week 2020, Prime Minister Narendra Modi said Aatmanirbhar Bharat, or self-reliant India, is "not about being ...
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Club Factory, Shein, Romwe 'selectively' shipping orders

10 Jan

Days after the government banned 59 Chinese apps on concerns over data security and privacy, Chinese e-commerce companies Club Factory, Shein and Romw ...
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Weak Smaller Banks Risk Getting Crowded Out in Race for Capital

10 Jan

In the rough high seas, it is wise to stay put in the biggest liner in the business.
The world of banking isn’t vastly different, where small and m ...
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China doesn’t play by rules: PolicyBazaar

10 Jan

PolicyBazaar CEO Yashish Dahiya has become the first CEO among India’s most valued internet companies to speak out openly against China. Dahiya said t ...
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India Inc seeks govt aid to compete globally

10 Jan

India Inc has suggested policy measures pertaining to approvals for starting a business, dispute resolution and logistics infrastructure to make indus ...
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Govt officials will brainstorm auto companies to reduce import from china.

09 Jan

Government officials will soon meet executives of auto companies and component makers to prepare a long-term road map aimed at localising production a ...
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Students refuse American dream, eye Canada, UK

09 Jan

Barely two days after new rules directing international students to leave the US if they are not attending in-person classes, Harvard University along ...
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Government halts merger of 3 PSU general insurers; to infuse Rs 12,450 crore

09 Jan

The union cabinet has decided to put on hold the proposed merger of the three state-run general insurers even as it approved ₹12,450 crore in capital ...
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Chinese PoS devices here to stay as cheaper options not on cards

09 Jan

The banking and payments sector may have to continue relying on ‘Made in China’ payment terminals or point of sale (PoS) machines, in the absence of c ...
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Monthly SIP flows dip below Rs 8,000-crore mark after 18 months

09 Jan

Small investors have started feeling the pinch of declining cash flows due to Covid-related issues like salary cuts, job losses, furloughs and delay i ...
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Banks to raise nearly Rs 80,000 crore in equity capital

09 Jan

ICICI Bank’s board approved a proposal to raise Rs 15,000 crore through issue of fresh equity. This has taken the tally of completed and p ...
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Government push PSUs to step up capex to revive economic growth

08 Jan

Finance minister Nirmala Sitharaman sought to push capital expenditure by the country’s top public sector companies, as part of the government’s drive ...
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Consumer goods sales return to pre-lockdown levels

08 Jan

After gradual reopening of the economy, consumer goods sales recovered in June to levels seen before the lockdown.
Supply chain disruptions and res ...
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India readies GIFT for Hong Kong customers.

08 Jan

India is keen to take advantage of the unrest in Hong Kong and draw businesses looking to move out of the island enclave to its own international fina ...
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Abu Dhabi fund ADIA revives talks to invest $1 billion in RIL’s InvIT

08 Jan

Abu Dhabi Investment Authority (ADIA) has renewed negotiations with Reliance Industries Ltd (RIL) to pump in approximately a billion dollars (ab ...
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ED registers money laundering case against GVK, MIAL

08 Jan

The Enforcement Directorate (ED) registered a money laundering case against GVK Group promoters along with others in connection with fraudulent transa ...
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Jobless rate likely to settle slightly higher than pre-Covid levels

08 Jan

The worst seems over for India’s job market, the Centre for Monitoring Indian Economy has said, adding that the country is likely to settle at an unem ...
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CBDT notifies amendment on tax exemption for Sovereign Wealth Funds for investment in infra

08 Jan

Income from dividend, interest and long term capital gains of sovereign wealth funds, the Abu Dhabi Investment Authority and pension funds, through in ...
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Fashion and apparel companies still hurting

08 Jan

Hit by the nationwide lockdown, India’s fashion and apparel sector has recovered only 35% of sales compared to January levels . Fashion sales in ...
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RBI checks rupee’s forward march

07 Jan

The Reserve Bank of India is believed to have intervened in the forex market to buy nearly a billion dollars and arrest the surging rupee’s new found ...
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IT firms want work from home relaxations should be made permanent

07 Jan

The Covid-19 pandemic has prompted Indian information technology (IT) services companies such as Tata Consultancy Services (TCS), HCL Technologies, Wi ...
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Airtel, Voda Idea mobile revenue, operating income likely to dip

07 Jan

In the first post-Covid19 estimates, Bharti Airtel and Vodafone Idea (VIL) are likely to report sequential falls in mobile revenue and operating incom ...
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PwC India to announce deferred bonuses, hikes, promotions in October

07 Jan

Professional services firm PwC India has said it will announce promotions, compensation revisions and bonus payouts for employees on October 1, 2020.E ...
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Toll road operators weigh arbitration to recover Rs 650 crore from NHAI

07 Jan

Most toll road operators have threatened to go to arbitration to recover around Rs 650 crore from the highways authority as interest and maintenance c ...
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Nearly 30% companies operating at more than 70% capacity

07 Jan

Nearly 30% of firms are operating at over 70% capacity and 45% companies expect capacity utilisation to accelerate in the months ahead. But they conti ...
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India may see first monthly trade surplus in 18 years

06 Jan

India may register its first monthly trade surplus in over 18 years in June as the pace of contraction of exports is estimated to have slowed down to ...
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Sports goods giants plan local production

06 Jan

Global sportswear makers, who get a large chunk of their domestic portfolio from China, are looking to shift sourcing and manufacturing to India and S ...
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PE deals drop 40% in first 6 months of 2020

06 Jan

Private equity investments in India have seen a steep drop in the first six months of 2020, as the country's shrinking economy, which has been further ...
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Retail Sales of Vehicles Pick Up Speed in June

06 Jan

Retail sales of vehicles far outnumbered dispatches from factories to dealerships last month, suggesting a recovery in the market while also highlight ...
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Larger ITAT Bench to Review Mandatory Tax Dispute Payment

06 Jan

A larger bench of the Income Tax Appellate Tribunal scheduled to look into a recent amendment of the Income-Tax Act that seeks to curtail the power of ...
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Government seeks stricter checks on Sri Lanka, Bangladesh, South Korea, Asean imports

06 Jan

The commerce and industry ministry has sought stricter scrutiny of goods coming from Bangladesh, Sri Lanka, South Korea and the Asean bloc, amid fears ...
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Sugar exporters eye deals with China, waiting for border tension to ease

06 Jan

Sugar traders are eyeing export deals with China, which they say are viable despite customs duty of 50%, but are afraid that the border tensions ...
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Write-downs to surge for companies as Covid hits demand

04 Jan

An increasing number of Indian companies are staring at write-downs in their business this fiscal as they will be forced to record the demand-collapse ...
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Draft e-tail rules target imports, eye growth for all

04 Jan

E-tailers should ensure they have an integrated system that connects customs, the RBI and India Post to track imports of product shipments coming from ...
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Ban on power equipment imports from China, Pakistan: Power Minister R K Singh

04 Jan

India will not allow import of power equipment from China & Pakistan, power minister R K Singh announced, citing recent transgression in bor ...
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Intel invests Rs 1,895 crore in Ambani’s Jio Platforms for 0.39% stake

04 Jan

The investment arm of Intel Corp. agreed to pay approximately Rs. 1,895 crore ($253 million) for a stake in Jio Platforms Ltd., the telecommunications ...
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Domestic air traffic to fall up to 46% in FY21 due to coronavirus pandemic: ICRA

04 Jan

The reopening of commercial passenger flight services in a phased manner is not expected to help in recovery of domestic aviation industry in FY21, a ...
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Fear of Data Leaks Puts Large Cos and Banks on High Alert

04 Jan

Many large companies and banks are monitoring key employees and internal information systems to stop the leakage of price-sensitive information as sen ...
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Services improve in June, but still in contraction

04 Jan

Services activity picked up pace in June from record lows earlier but continued to show deep contraction for a fourth straight month, as firms reporte ...
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Vocal for Local: Enhanced Value Addition Norms Soon

04 Jan

India is eyeing enhanced value addition in quite a few sectors that can switch to local inputs quickly instead of depending on imports.The Ministry of ...
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Government debates tough China steps without hurting FDI

03 Jan

A section within the government is of the view that the Centre must adopt tough measures against China over the border standoff and act against Beijin ...
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India may ease regulatory pricing cap for ECBs

03 Jan

India is weighing the option of easing a regulatory price cap on overseas borrowing to ensure wider financing access for cash-starved companies even a ...
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Reducing dependence on China: India Inc advise on import substitution

03 Jan

Indian companies have started submitting proposals to the government on ways to reduce import dependence on China, recommending measures such as levy ...
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RBI may offer more relief to stressed sectors

03 Jan

The Reserve Bank of India (RBI) may unveil more relief measures for some of the stressed sectors of the economy, especially in the services segment, a ...
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MSME Loans Dip 7% Since March as Bankers Err on Side of Caution

03 Jan

Bank loans to MSME businesses shrank more than 7% in April and May from pre-Covid-19 levels, underscoring increased risk perception among banker ...
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Uncertainty sees companies suspending guidance

03 Jan

For the first time in over two decades, several top corporates have suspended revenue guidance issued to investors and business partners, saying they ...
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Chinese handset brands planning to put India investments on hold

03 Jan

Amidst escalating geopolitical tensions, Chinese smartphone makers are putting their immediate manufacturing-related investments on hold, given the un ...
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Mobility firms Ola, Zoomcar may downsize fleet as rides thin out

03 Jan

Shared mobility companies like Ola and Zoomcar may downsize their fleets, as demand stagnates amid rising cases of Covid-19 infections across th ...
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Data theft, security issues key in selecting 5G vendors

02 Jan

A day after the US communications department tagged Chinese telecom vendors Huawei and ZTE as a “national security risk”, government sources her ...
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Voda Idea’s Rs 74k cr loss is India’s biggest

02 Jan

Vodafone Idea reported a staggering Rs 73,878-crore loss in fiscal 2019-20 the highest ever by any Indian company after it made prov ...
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Customs begins clearing stuck Chinese shipments

02 Jan

Indian customs began clearing shipments of Chinese origin that had been stuck at ports for the past 10 days after border tensions escalated. Consignme ...
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Railways begins process to invite private players in passenger train operations

02 Jan

The Railways formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifi ...
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Govt keeps close watch on Rs 55,000 cr power sector orders to Chinese companies

02 Jan

The government is keeping a close watch on the tendering of the Rs 55,000-crore emission control equipment by the thermal power sector that has placed ...
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World Bank Unveils $750m Package for Indian MSMEs Hit by Pandemic

02 Jan

The World Bank announced a $750 million package for India’s medium and small enterprises, which have been severely impacted by Covid-19 pandemic and l ...
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Stamp duty to pinch liquid fund returns further

02 Jan

Parking money with liquid mutual fund schemes a product used by investors to hold their idle cash for shorter periods will end up squeezing returns fu ...
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App ban won’t impact your Chinese phones, for now

01 Jan

Your Chinese smartphones from companies such as Xiaomi, Oppo, Vivo and RealMe will continue to work and not be immediately affected by the ...
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SBI Gen, Premji firm may acquire Future Generali

01 Jan

Wipro’s billionaire founder Azim Premji’s investment firm Premji Invest and SBI General Insurance are exploring a joint bid to acquire Future Generali ...
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Airtel to sell around 25% in Nxtra to Carlyle for $235 million

01 Jan

Bharti Airtel said it has signed a pact to sell a roughly 25% stake in its data centre unit Nxtra Data Ltd. for $235 million."The post-money ent ...
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India steps up vigil for cyber attacks from China after apps ban

01 Jan

The government has increased a nationwide alert and stepped up monitoring as intelligence agencies prepare for intensified cybersecurity attacks from ...
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Govt mulling rules to address issue of delayed payments to MSME: Nitin Gadkari

01 Jan

The government will soon come up with rules to tackle the issue of delayed payments to micro, small and medium enterprises (MSMEs), although an immine ...
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I-T exemption on buying shares at lower price in firms under insolvency

01 Jan

The CBDT has exempted from income tax the purchase of shares at rates lower than the market price in companies undergoing insolvency proceedings and w ...
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Lenders reject JSW demand for more time

30 Jan

Financial creditors to the bankrupt Bhushan Power & Steel (BPSL) have rejected JSW Steel’s request for time till March 2021 to take over the sick ...
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Smartphone, electronics plants face shutdown as components wait for customs clearance

30 Jan

The stock of components in several smartphone and electronic factories has reached critically low levels because import consignments, particularly fro ...
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95% aplliances now made in India : CEAMA

30 Jan

Around 95 per cent of consumer electronics and appliances sold in India are produced locally, although dependence on China for components still ranges ...
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Hero Cycles may acquire Atlas operations.

30 Jan

Hero Cycles may well be looking to scoop up the struggling operations of Atlas Cycles.Atlas Cycles, had recently shut its last manufacturing unit in t ...
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Customs Checks Eased for US, S Korean Cos

30 Jan

Indian customs authorities have exempted select US and South Korean companies from mandatory 100% physical checks of their shipments of Chinese-origin ...
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RIL nears deal to acquire retail biz of Future Group

30 Jan

Reliance Industries (RIL) has moved close to clinching a deal to buy the retail businesses of Kishore Biyani’s Future Group.
The move will further ...
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India may step up scrutiny of imports from Chinese cos in Asean countries

29 Jan

India is looking to increase the scrutiny of imports from Chinese companies or entities located in Association of Southeast Asian Nations (Asean ...
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companies cannot survive by paying people sitting at home.

29 Jan

Rajiv Bajaj, managing director of Bajaj Auto, on Sunday defended his company’s handling of the rising Covid-19 cases in its Aurangabad factory and sai ...
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Auto sales may see more than 70 per cent drop in Q1

29 Jan

Indian automakers could report the worst demand decline in almost three decades in the three months to June, with wholesale dispatches and retail sale ...
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Covid, China crisis prompt relook at logistics policy

29 Jan

India is taking a relook at its draft National Logistics Policy, prompted by the economic crisis induced by the Covid-19 pandemic and the border stand ...
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Claim IT exemption on conveyance allowance.

29 Jan

Individuals will be able to claim income tax exemption for conveyance, travel and other allowances given by employers under the new regime that offers ...
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RBI board debates 90-day NPA cap

29 Jan

The RBI board discussed the need for extending the non-performing assets (NPA) recognition date beyond 90 days, citing widespread distress in th ...
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SBI will focus on lending to MSMEs, says chairman

29 Jan

SBI chairman Rajnish Kumar said that the lender, which until now was chasing home loans because of the security they offered, is shifting focus to mic ...
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RBI steps led to reduced rates across the board: Shaktikanta Das

27 Jan

Reserve Bank of India (RBI) governor Shaktikanta Das said measures adopted by the central bank had ensured that interest rates had declined acro ...
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Drug makers urge Commerce Ministry to clear stuck imports

27 Jan

Indian drug makers have asked the commerce ministry to expedite the clearance of their consignments imported from China, which are stuck at several In ...
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Apparel exporters seek faster clearance of import consignments from China

27 Jan

Apparel exporters' body AEPC has sought the government's intervention in expediting the clearance of import consignments from China, saying "inordinat ...
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Blue-collar workers likely to see 10-20% wage hike

27 Jan

Wages in labour-intensive sectors may rise by 10%-20%, with manufacturing companies willing to pay a premium to get workers back to shop floors ...
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Proposed duty on Chinese solar imports worries firms in SEZs

27 Jan

Solar companies that have manufacturing units in special economic zones (SEZs) have expressed concern over the proposal to levy basic custom dut ...
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From boardroom to classroom: Professionals warm up to teaching

27 Jan

A growing number of professionals are moonlighting as online teachers, either as a part-time job or experiment, or sometimes even a full-time gig afte ...
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Covid effect: Hospitalisation may not be mandatory for insurance

27 Jan

Most health insurance covers require that a patient be admitted to a hospital for at least 24 hours before he can avail the benefits of the policy. Bu ...
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Residential sales, launches crash in second quarter

26 Jan

Sales and new launches of residential projects took a severe beating between April and June due to the pandemic.Sales dropped 81% to 12,720 units acro ...
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Mobile phones to cost more as GST hiked to 18% from 12% earlier

26 Jan

Mobile phones will attract an 18% goods and services tax (GST) rate from April 1, 2020, up from existing 12%, after the GST Council corrected the inve ...
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States make the most of lower rates, excess liquidity in system

26 Jan

State governments are big beneficiaries of the record low benchmark rates, and they are raising money through central bank auctions at levels last see ...
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India plans list of substitute nations for critical imports

26 Jan

The government is working on a list of alternative countries that could be suppliers of critical components that cannot currently be manufactured dome ...
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Indian exporters fear retaliatory action by China on port inspections

26 Jan

The Federation of Indian Export Organisations (FIEO) on Thursday said it is against a blanket ban on Chinese imports terming it infeasible as India im ...
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Companies viable before Covid may get one-time rejig option: Sitharaman

26 Jan

The finance ministry has initiated steps for a one-time restructuring for businesses that were viable in the pre-Covid period, but are strugglin ...
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As gold prices rise banks rush to cash in on gold loan demand

25 Jan

As gold price is touching record high in the domestic market, lenders are now focusing more to benefit from this opportunity. Some lenders have ...
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Five more sectors may get output-linked incentives

25 Jan

India plans to expand its production-linked incentive scheme to five more sectors to help boost local manufacturing, reduce dependence on imports and ...
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Cooperative banks brought under RBI supervision

25 Jan

The Cabinet approved a slew of proposals, including an ordinance bringing cooperative banks under supervisory powers of the Reserve Bank of India and ...
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Malpractices force RBI to crack down on loan apps

25 Jan

Concerned over the practices adopted by some of the digital lending platforms, the Reserve Bank of India (RBI) has cracked down on them and imposed se ...
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Medical cover sales turn lifeline for online insurance firms

25 Jan

New-age digital insurance startups are betting on increased demand for medical insurance, to tide over the pandemic-induced slowdown, which has impact ...
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All Chinese cargo being checked following nationwide risk alert

25 Jan

All shipments coming from China are being physically checked at ports and airports following a nationwide alert regarding enhanced risk weightag ...
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Green shoots of economic revival emerge: Government

24 Jan

The finance ministry said that “early green shoots of economic revival” have emerged in May and June and listed a host of indicators to argue that the ...
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Companies go all out to get back migrant workers

24 Jan

After the exodus, it’s now the return of the migrant workers. They made a difficult trek back home during the lockdown as factories downed shutt ...
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Sellers need to mention 'country of origin' on products for Govt e-market platform

24 Jan

The government procurement portal GeM has made it mandatory for sellers to mention 'country of origin' on products they wish to sell through the platf ...
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Unemployment rate falls to pre-lockdown level: CMIE

24 Jan

The unemployment rate in India fell to its pre-lockdown level of 8.5% in the week ended June 21 from the peak rate of 23.5% in April and May after the ...
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NCR developers are offering benefits up to 25% of property value to serious homebuyers

24 Jan

Unable to reduce property price directly due to high circle rates, leading real estate developers in NCR are offering benefits upto 25% of the propert ...
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Indian customs may start inspection of all imports from China.

24 Jan

Indian customs could carry out 100 per cent checks of Chinese import consignments at ports on the back of heightened security concerns following tensi ...
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Centralised AAAR Put on Fast Track

23 Jan

India has fast-tracked the creation of a Centralised Appellate Authority of Advance Rulings, wary of divergence in rulings by regional bodies leading ...
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Technical rules likely to cut Chinese imports

23 Jan

India is eyeing about 5,000 technical regulations to rein in cheap imports and provide a quality boost to domestically made industrial goods, telecom ...
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Chinese tech companies with government links face curbs

23 Jan

India is trying to identify Chinese technology companies with direct or indirect links to that country’s government or military. Such companies ...
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Big corporates with strong liquidity owe ₹3.3-lakh crore to MSMEs.

23 Jan

India’s big corporates with strong liquidity position hold close to ₹3.3-lakh crore of dues to micro, small and medium enterprises (MSMEs).In the wake ...
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Surge in deposits to put pressure on banks’ net interest margins

23 Jan

Banks are piling up liabilities much more quickly than assets on their books, with their deposit base expanding faster than it did last year despite a ...
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Airtel upgrades security measures amid likely cyberattacks

23 Jan

Bharti Airtel has upgraded the SOC to a higher threat-level status for the next 5-7 days in the wake of likely cyber attacks. The telecom operator has ...
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CCI gives clean chit to Swiggy

23 Jan

The country’s competition watchdog has disposed of a complaint alleging that a food delivery platform abused its market dominance through unfair prici ...
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HP may shift some manufacturing to India

23 Jan

HP Inc may shift some manufacturing capacity away from China to India, as the personal computer and printers maker races to start a second manufacturi ...
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India’s trade deficit with China at 5-year low

23 Jan

India’s trade deficit with China is estimated to have narrowed to $48.7 billion during the last financial year — the lowest in five years — compared w ...
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How much do we tax oxygen? GST code isn’t clear about it

22 Jan

The Covid-19 pandemic seems to have brought back the pertinent question of goods categorisation under GST framework. In many cases, the GST rate paid ...
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E-comm sales volumes back at pre-Covid-19 levels

22 Jan

India’s ecommerce industry has recovered about 90% of its overall order volumes since restrictions on shipping of non-essential products were relaxed ...
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Chinese auto companies to employ mostly locals at Indian units

22 Jan

Automakers with a Chinese pedigree are playing it safe with their India strategy. These companies are filling up positions from factory floors to boar ...
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Government's support comforts banks, boosts lending to virus-hit MSMEs

22 Jan

The government’s credit guarantee programme and the central bank’s Covid package have triggered an increased flow of credit to the country’s pandemic- ...
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Norms for Employment Zones may be Eased to Woo Foreign Investors

22 Jan

India is looking to relax conditions for its own Shenzhen-style national employment zones in a fresh push to make these more attractive to foreign inv ...
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RBI nudges banks to decide if red-flagged accounts are fraud

22 Jan

Banks are in a major dilemma over a directive from the Reserve Bank of India (RBI) that lenders should decide whether loan accounts that have been ‘re ...
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Apps with Chinese funds face users’ ire

22 Jan

Top Indian consumer-focused unicorns like Paytm, Ola, Zomato, MakeMyTrip and others backed by Chinese capital are facing the ire of consumers. Users a ...
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Industry told to submit list of Chinese imports

20 Jan

The Centre has asked industry to prepare a detailed list of all purchases from China and flag those critical to operations so that the government can ...
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RIL becomes ‘net-debt free’, Mukesh Ambani says promise fulfilled.

20 Jan

Entrepreneur Mukesh Ambani said that his company Reliance Industries is now “net-debt free” after raising over Rs 1.68 lakh crore in 58 days. “I have ...
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Decks cleared for ‘largest ever’ LIC IPO

20 Jan

The government has set the ball rolling for an initial public offering (IPO) of the country's largest insurer — Life Insurance Corporation of India.Th ...
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Will ensure banks pass on rate cut benefits to consumer: FM

20 Jan

Finance Minister Nirmala Sitharaman has assured that she will ensure banks pass on the rate cut benefits to consumers, so the interest burden on them ...
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SC to Franklin Templeton: Wrong to wind up funds in pandemic

20 Jan

The Supreme Court disapproved of Franklin Templeton’s April 23 announcement to wind up six debt funds, which spooked lakhs of investors, but the ...
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Food deliveries at quick service restaurants back at pre-covid levels

20 Jan

Large quick service restaurants such as Pizza Hut, McDonald’s and KFC said their delivery sales have either reached pre-Covid volumes or witness ...
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India set to erect a Great Wall against Chinese companies

19 Jan

India is considering multiple, comprehensive measures to curtail the country’s economic reliance on China, targeting trade, investment and project ser ...
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Job losses, pay cuts leading to surge in home loan defaults

19 Jan

Mortgage, considered the safest segment of lending in India, is showing signs of cracks as the delinquencies at India Mortgage Guarantee Corporation ( ...
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PM Modi to launch Rs 50,000 crore job plan for migrants in 6 states

19 Jan

The government unveiled a Rs 50,000 crore plan to provide jobs to returning migrants spread across 116 districts in six states, a move aimed at ...
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IBM plans to reduce office space by nearly half in India

19 Jan

IBM is planning to discontinue lease agreements at nearly half of its offices in major cities across the country, people familiar with the development ...
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RIL sells 2.3% in Jio to Saudi’s PIF for Rs 11,367cr

19 Jan

Saudi Arabia’s Public Investment Fund (PIF) will put Rs 11,367 crore in Jio Platforms, marking its largest investment in India. The infusion will give ...
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Govt drops 96% AGR demand from PSUs

19 Jan

A week after being slammed by the Supreme Court for “unreasonably” seeking over Rs 4 lakh crore from various PSUs on the basis of its verdict on adjus ...
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Pharma shines in advance tax pay

19 Jan

When it comes to advance tax payments, pharma has emerged as one of the outliers with the sector showing a higher payout this quarter, while real esta ...
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Demand Starts Revving up for Auto Industry

18 Jan

Wheels are moving again for India’s auto industry , the top three car makers are seeing bookings and enquiries rise to 85% of pre-Covid levels. This r ...
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Telecom companies reject Trai’s tariff calculator proposal in one voice

18 Jan

Reliance Jio, Bharti Airtel and Vodafone Idea, have rejected the regulator’s proposals to introduce a tariff calculator tool to convey the unit cost o ...
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Depositors seek RBI protection against waiver of bank interest

18 Jan

Depositors are seeking protection from the Reserve Bank of India (RBI) against any attempts to stop paying interest on deposits by banks. In a letter ...
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Labour ministry to fast-track National Employment Policy

18 Jan

The government has fast-tracked the proposed National Employment Policy (NEP), which aims at formalisation of the country’s 500 million workforce incl ...
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Sales of Chinese phones, Electronics not hit yet.

18 Jan

There has been no palpable impact on sales of Chinese smartphone and electronics brands in the Indian market despite the border tension flaring up and ...
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Most mall owners agree to retailers’ rental terms

18 Jan

In move that signals the end of the row over new rental agreements between mall owners and retailers due to Covid-19, nearlyall malls across India&nbs ...
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Food delivery firms asked to cut offers, commission.

18 Jan

As economic activities pick up across the country, restaurants are now pressing online food delivery platforms like Swiggy and Zomato to change commis ...
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RBI proposes tougher rules for housing finance companies

18 Jan

The Reserve Bank of India has proposed tougher rules for housing finance companies (HFC), including lending and investment curbs in group entities to ...
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RERA in NCR to continue with virtual hearings post Covid-19

17 Jan

Aggrieved NCR homebuyers won’t have to visit the Real Estate Regulatory Authority(RERA) office after the state authorities decided to continue v ...
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Nearly half MSMEs witness 20-50% impact on earnings

17 Jan

Nearly 50 per cent of micro, small and medium enterprises (MSMEs) have witnessed a 20-50 per cent impact on their earnings due to the disruptions caus ...
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For Delivery and More, Cos Direly Need Staff Now

17 Jan

With lockdown curbs easing and migrant labour in short supply, companies across sectors, from hazmat suits maker Wildrcraft to ecommerce players Flipk ...
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Finmin nod to NHAI’s ₹50K crore SPV

17 Jan

The National Highways Authority of India (NHAI) will go ahead with a plan to raise Rs 50,000 crore through a special purpose vehicle (SPV) with the Na ...
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Cos Fleeing Smaller Banks for ‘Safer’ Large Lenders.

17 Jan

Indian companies are fleeing small banks and moving towards larger lenders as slower economic growth, build up in nonperforming assets, liquidity issu ...
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China’s Great Wall Motors in pact with Maharasthra, has $1bn India plan

17 Jan

Even as India and China are involved in a confrontation at the border, China’s Great Wall Motors (GWM) on signed a memorandum of understanding (MoU) w ...
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Banks oppose waiver of loan interest during moratorium

16 Jan

In the ongoing moratorium case, bank have told the regulator and the government that they do not agree with the proposal to waive interest during the ...
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As Revenues Thin, Tata Group Cos Prepare to Tighten Belt

16 Jan

The Tata Group has initiated a large-scale cost-cutting exercise across the holding company, Tata Sons, and operating firms as part of an effort to en ...
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Exports bounce back to last year’s levels

16 Jan

The pace of contraction of India's exports slowed in May as relaxations in the lockdown to contain the Covid-19 pandemic led to some pick up in econom ...
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May wholesale prices fall signals deflation

16 Jan

India's wholesale prices fell 3.21% in May, the most since November 2015 and the first instance of deflation since June 2016, as the country remained ...
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Awaiting critical Remdesivir safety data from companies: DCGI

16 Jan

Amid growing clamour for speedy launch of Remdesivir, the experimental Covid-19 drug, India’s drug regulator says it is awaiting “crucial data” ...
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Returning Migrants Help Unlock Business for Cement Roofing Cos

16 Jan

Cement roofing companies are set to benefit as the demand for roofing solutions is picking up in rural areas on higher cash availability from governme ...
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Steel, diamond, paddy, rubber trades on ICEX under scanner

16 Jan

The board of Indian Commodity Exchange (ICEX), in consultation with Sebi, has appointed a forensic auditor to probe the alleged misuse of a market-mak ...
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MSMEs face existential crisis, revenue to fall a fifth

16 Jan

The 5% contraction in the Indian economy wrought by the Covid-19 pandemic will significantly hurt micro, small and medium enterprises (MSMEs) across s ...
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Auto dealers face SC heat over BS4 sales

16 Jan

The Supreme Court slammed the Federation of Automobile Dealers’ Association (FADA) for violating its order by selling and registering more BS4 automob ...
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RIL’s partly paid-up shares may list at a 50% premium

15 Jan

Buoyed by the strong response to its rights issue, the partly paid-up shares of Reliance Industries will likely be listed at around Rs 650 apiece , a ...
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SEBI plan faces resistance from promoter-driven companies

15 Jan

The Securities and Exchange Board of India’s (Sebi’s) plan to replace existing concept of promoters with controlling shareholders is facing stiff oppo ...
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OPEC Gets Chance to Gain Upper Hand in Long Battle With Shale

15 Jan

Once the global oil market emerges from the coronavirus crisis, it may be greeted by a surprising change: greater dependence on crude from OPEC.For th ...
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No Legal Action Against Firms Over Data Gaps

15 Jan

India will not invoke a legal provision that empowers the government to penalise companies refusing to submit data for key statistics such as the Inde ...
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Industry for Faster Release of Services Exports Incentives

15 Jan

A host of services exporters have claims worth crores pending under a key export incentive scheme, compounding liquidity problems of the sector hit ha ...
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13% more sowing will lead to a bumper kharif crop

15 Jan

Farmers have planted kharif or summer-sown crops, which account for half of India’s annual food output, on 9.3 million hectares – 13.2% higher than la ...
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38% startups run out of funds as bailout calls go unanswered

15 Jan

Small Indian startups have run out of funds minus a specific government bailout package, two months after their businesses took a hit because of t ...
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General insurers report 9% drop in May premium

15 Jan

Impacted by the Covid-induced lockdown, the general insurance industry saw a 9% fall in May premium collection to Rs 11,106 crore, as compared to the ...
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Factory output shrinks 55.5% in April; Full retail inflation data not out

13 Jan

India’s industrial production shrank by a record 55.5 per cent in April from the year earlier with manufacturing crashing 64.3 per cent, which didn’t ...
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SC to centre:Give clarity on loan interest

13 Jan

The Supreme Court asked the Centre to clarify its position on the waiver of interest during the loan moratorium on loan and other repayments to ...
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US technology firms to be impacted by possible Trump move to ban H-1B visas

13 Jan

American technology firms such as Google and Apple are likely to bear the brunt of a potential ban on H-1B work permits by the Trump administration gi ...
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KYC norms need to be simple, cost effective

13 Jan

India needs to re-evaluate the existing know your customer (KYC) norms to make it more simple and cost effective as we strive to become a role model f ...
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India’s forex reserves hit half-trillion mark

13 Jan

The country’s forex reserves rose by $8.2 billion during the week ended June 5 to cross the half-a-trillion-dollar mark for the first time. Fore ...
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M&M plans to exit loss-making international subsidiaries in a year

13