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No Curbs on Work-from-Home for Software Units in Tech Parks

11 Jul

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 ...

IIP contraction rate slows in May.

11 Jul

India's industrial production contracted 34.7% in May, slower than the pace in April, computations based on official government data showed. The figur ...

Manufacturers intensifies health checks and sanitisation programmes amid surge in Covid cases

11 Jul

Manufacturing companies from Maruti Suzuki, Hyundai Motor India and Toyota Kirloskar Motor to JSW Steel and Steel Authority of India are closely ...

China Apps Ban Drives Indian Firms’ Gains

11 Jul

Indian entertainment apps such as Mitron, Trell, RheoTV, Aiisma, Loco and Rooter are gaining both talent and users from banned Chinese apps as tension ...

Blanket moratorium extension till December not required: SBI Chairman Rajnish Kumar

11 Jul

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 ...

Solar energy will play major role in achieving Atmanirbhar Bharat, says Modi

11 Jul

Prime Minister Narendra Modi said solar energy would play a major role in achieving self-reliance in energy, essential for an Atmanirbhar Bharat (self ...

Vendors face pressure on working capital as e-commerce platforms, PSUs delay tax payments

11 Jul

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 ...

Consumer Affairs Min Orders Cos to Strictly Follow Labelling Norms

10 Jul

The consumer affairs ministry has ordered that every product sold by companies and ecommerce platforms must prominently display its country of origin, ...

PM Modi try to attract global companies with investment-friendly business environment

10 Jul

Speaking at the India Global Week 2020, Prime Minister Narendra Modi said Aatmanirbhar Bharat, or self-reliant India, is "not about being ...

Club Factory, Shein, Romwe 'selectively' shipping orders

10 Jul

Days after the government banned 59 Chinese apps on concerns over data security and privacy, Chinese e-commerce companies Club Factory, Shein and Romw ...

Weak Smaller Banks Risk Getting Crowded Out in Race for Capital

10 Jul

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 ...

China doesn’t play by rules: PolicyBazaar

10 Jul

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 ...

India Inc seeks govt aid to compete globally

10 Jul

India Inc has suggested policy measures pertaining to approvals for starting a business, dispute resolution and logistics infrastructure to make indus ...

Govt officials will brainstorm auto companies to reduce import from china.

09 Jul

Government officials will soon meet executives of auto companies and component makers to prepare a long-term road map aimed at localising production a ...

Students refuse American dream, eye Canada, UK

09 Jul

Barely two days after new rules directing international students to leave the US if they are not attending in-person classes, Harvard University along ...

Government halts merger of 3 PSU general insurers; to infuse Rs 12,450 crore

09 Jul

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 ...

Chinese PoS devices here to stay as cheaper options not on cards

09 Jul

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 ...

Monthly SIP flows dip below Rs 8,000-crore mark after 18 months

09 Jul

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 ...

Banks to raise nearly Rs 80,000 crore in equity capital

09 Jul

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 ...

Government push PSUs to step up capex to revive economic growth

08 Jul

Finance minister Nirmala Sitharaman sought to push capital expenditure by the country’s top public sector companies, as part of the government’s drive ...

Consumer goods sales return to pre-lockdown levels

08 Jul

After gradual reopening of the economy, consumer goods sales recovered in June to levels seen before the lockdown.
Supply chain disruptions and res ...

India readies GIFT for Hong Kong customers.

08 Jul

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 ...

Abu Dhabi fund ADIA revives talks to invest $1 billion in RIL’s InvIT

08 Jul

Abu Dhabi Investment Authority (ADIA) has renewed negotiations with Reliance Industries Ltd (RIL) to pump in approximately a billion dollars (ab ...

ED registers money laundering case against GVK, MIAL

08 Jul

The Enforcement Directorate (ED) registered a money laundering case against GVK Group promoters along with others in connection with fraudulent transa ...

Jobless rate likely to settle slightly higher than pre-Covid levels

08 Jul

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 ...

CBDT notifies amendment on tax exemption for Sovereign Wealth Funds for investment in infra

08 Jul

Income from dividend, interest and long term capital gains of sovereign wealth funds, the Abu Dhabi Investment Authority and pension funds, through in ...

Fashion and apparel companies still hurting

08 Jul

Hit by the nationwide lockdown, India’s fashion and apparel sector has recovered only 35% of sales compared to January levels . Fashion sales in ...

RBI checks rupee’s forward march

07 Jul

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 ...

IT firms want work from home relaxations should be made permanent

07 Jul

The Covid-19 pandemic has prompted Indian information technology (IT) services companies such as Tata Consultancy Services (TCS), HCL Technologies, Wi ...

Airtel, Voda Idea mobile revenue, operating income likely to dip

07 Jul

In the first post-Covid19 estimates, Bharti Airtel and Vodafone Idea (VIL) are likely to report sequential falls in mobile revenue and operating incom ...

PwC India to announce deferred bonuses, hikes, promotions in October

07 Jul

Professional services firm PwC India has said it will announce promotions, compensation revisions and bonus payouts for employees on October 1, 2020.E ...

Toll road operators weigh arbitration to recover Rs 650 crore from NHAI

07 Jul

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 ...

Nearly 30% companies operating at more than 70% capacity

07 Jul

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 ...

India may see first monthly trade surplus in 18 years

06 Jul

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 ...

Sports goods giants plan local production

06 Jul

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 ...

PE deals drop 40% in first 6 months of 2020

06 Jul

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 ...

Retail Sales of Vehicles Pick Up Speed in June

06 Jul

Retail sales of vehicles far outnumbered dispatches from factories to dealerships last month, suggesting a recovery in the market while also highlight ...

Larger ITAT Bench to Review Mandatory Tax Dispute Payment

06 Jul

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 ...

Government seeks stricter checks on Sri Lanka, Bangladesh, South Korea, Asean imports

06 Jul

The commerce and industry ministry has sought stricter scrutiny of goods coming from Bangladesh, Sri Lanka, South Korea and the Asean bloc, amid fears ...

Sugar exporters eye deals with China, waiting for border tension to ease

06 Jul

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 ...

Write-downs to surge for companies as Covid hits demand

04 Jul

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 ...

Draft e-tail rules target imports, eye growth for all

04 Jul

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 ...

Ban on power equipment imports from China, Pakistan: Power Minister R K Singh

04 Jul

India will not allow import of power equipment from China & Pakistan, power minister R K Singh announced, citing recent transgression in bor ...

Intel invests Rs 1,895 crore in Ambani’s Jio Platforms for 0.39% stake

04 Jul

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 ...

Domestic air traffic to fall up to 46% in FY21 due to coronavirus pandemic: ICRA

04 Jul

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 ...

Fear of Data Leaks Puts Large Cos and Banks on High Alert

04 Jul

Many large companies and banks are monitoring key employees and internal information systems to stop the leakage of price-sensitive information as sen ...

Services improve in June, but still in contraction

04 Jul

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 ...

Vocal for Local: Enhanced Value Addition Norms Soon

04 Jul

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 ...

Government debates tough China steps without hurting FDI

03 Jul

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 ...

India may ease regulatory pricing cap for ECBs

03 Jul

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 ...

Reducing dependence on China: India Inc advise on import substitution

03 Jul

Indian companies have started submitting proposals to the government on ways to reduce import dependence on China, recommending measures such as levy ...

RBI may offer more relief to stressed sectors

03 Jul

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 ...

MSME Loans Dip 7% Since March as Bankers Err on Side of Caution

03 Jul

Bank loans to MSME businesses shrank more than 7% in April and May from pre-Covid-19 levels, underscoring increased risk perception among banker ...

Uncertainty sees companies suspending guidance

03 Jul

For the first time in over two decades, several top corporates have suspended revenue guidance issued to investors and business partners, saying they ...

Chinese handset brands planning to put India investments on hold

03 Jul

Amidst escalating geopolitical tensions, Chinese smartphone makers are putting their immediate manufacturing-related investments on hold, given the un ...

Mobility firms Ola, Zoomcar may downsize fleet as rides thin out

03 Jul

Shared mobility companies like Ola and Zoomcar may downsize their fleets, as demand stagnates amid rising cases of Covid-19 infections across th ...

Data theft, security issues key in selecting 5G vendors

02 Jul

A day after the US communications department tagged Chinese telecom vendors Huawei and ZTE as a “national security risk”, government sources her ...

Voda Idea’s Rs 74k cr loss is India’s biggest

02 Jul

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 ...

Customs begins clearing stuck Chinese shipments

02 Jul

Indian customs began clearing shipments of Chinese origin that had been stuck at ports for the past 10 days after border tensions escalated. Consignme ...

Railways begins process to invite private players in passenger train operations

02 Jul

The Railways formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifi ...

Govt keeps close watch on Rs 55,000 cr power sector orders to Chinese companies

02 Jul

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 ...

World Bank Unveils $750m Package for Indian MSMEs Hit by Pandemic

02 Jul

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 ...

Stamp duty to pinch liquid fund returns further

02 Jul

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 ...

App ban won’t impact your Chinese phones, for now

01 Jul

Your Chinese smartphones from companies such as Xiaomi, Oppo, Vivo and RealMe will continue to work and not be immediately affected by the ...

SBI Gen, Premji firm may acquire Future Generali

01 Jul

Wipro’s billionaire founder Azim Premji’s investment firm Premji Invest and SBI General Insurance are exploring a joint bid to acquire Future Generali ...

Airtel to sell around 25% in Nxtra to Carlyle for $235 million

01 Jul

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 ...

India steps up vigil for cyber attacks from China after apps ban

01 Jul

The government has increased a nationwide alert and stepped up monitoring as intelligence agencies prepare for intensified cybersecurity attacks from ...

Govt mulling rules to address issue of delayed payments to MSME: Nitin Gadkari

01 Jul

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 ...

I-T exemption on buying shares at lower price in firms under insolvency

01 Jul

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 ...

Lenders reject JSW demand for more time

30 Jul

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 ...

Smartphone, electronics plants face shutdown as components wait for customs clearance

30 Jul

The stock of components in several smartphone and electronic factories has reached critically low levels because import consignments, particularly fro ...

95% aplliances now made in India : CEAMA

30 Jul

Around 95 per cent of consumer electronics and appliances sold in India are produced locally, although dependence on China for components still ranges ...

Hero Cycles may acquire Atlas operations.

30 Jul

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 ...

Customs Checks Eased for US, S Korean Cos

30 Jul

Indian customs authorities have exempted select US and South Korean companies from mandatory 100% physical checks of their shipments of Chinese-origin ...

RIL nears deal to acquire retail biz of Future Group

30 Jul

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 ...

India may step up scrutiny of imports from Chinese cos in Asean countries

29 Jul

India is looking to increase the scrutiny of imports from Chinese companies or entities located in Association of Southeast Asian Nations (Asean ...

companies cannot survive by paying people sitting at home.

29 Jul

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 ...

Auto sales may see more than 70 per cent drop in Q1

29 Jul

Indian automakers could report the worst demand decline in almost three decades in the three months to June, with wholesale dispatches and retail sale ...

Covid, China crisis prompt relook at logistics policy

29 Jul

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 ...

Claim IT exemption on conveyance allowance.

29 Jul

Individuals will be able to claim income tax exemption for conveyance, travel and other allowances given by employers under the new regime that offers ...

RBI board debates 90-day NPA cap

29 Jul

The RBI board discussed the need for extending the non-performing assets (NPA) recognition date beyond 90 days, citing widespread distress in th ...

SBI will focus on lending to MSMEs, says chairman

29 Jul

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 ...

RBI steps led to reduced rates across the board: Shaktikanta Das

27 Jul

Reserve Bank of India (RBI) governor Shaktikanta Das said measures adopted by the central bank had ensured that interest rates had declined acro ...

Drug makers urge Commerce Ministry to clear stuck imports

27 Jul

Indian drug makers have asked the commerce ministry to expedite the clearance of their consignments imported from China, which are stuck at several In ...

Apparel exporters seek faster clearance of import consignments from China

27 Jul

Apparel exporters' body AEPC has sought the government's intervention in expediting the clearance of import consignments from China, saying "inordinat ...

Blue-collar workers likely to see 10-20% wage hike

27 Jul

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 ...

Proposed duty on Chinese solar imports worries firms in SEZs

27 Jul

Solar companies that have manufacturing units in special economic zones (SEZs) have expressed concern over the proposal to levy basic custom dut ...

From boardroom to classroom: Professionals warm up to teaching

27 Jul

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 ...

Covid effect: Hospitalisation may not be mandatory for insurance

27 Jul

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 ...

Residential sales, launches crash in second quarter

26 Jul

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 ...

Mobile phones to cost more as GST hiked to 18% from 12% earlier

26 Jul

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 ...

States make the most of lower rates, excess liquidity in system

26 Jul

State governments are big beneficiaries of the record low benchmark rates, and they are raising money through central bank auctions at levels last see ...

India plans list of substitute nations for critical imports

26 Jul

The government is working on a list of alternative countries that could be suppliers of critical components that cannot currently be manufactured dome ...

Indian exporters fear retaliatory action by China on port inspections

26 Jul

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 ...

Companies viable before Covid may get one-time rejig option: Sitharaman

26 Jul

The finance ministry has initiated steps for a one-time restructuring for businesses that were viable in the pre-Covid period, but are strugglin ...

As gold prices rise banks rush to cash in on gold loan demand

25 Jul

As gold price is touching record high in the domestic market, lenders are now focusing more to benefit from this opportunity. Some lenders have ...

Five more sectors may get output-linked incentives

25 Jul

India plans to expand its production-linked incentive scheme to five more sectors to help boost local manufacturing, reduce dependence on imports and ...

Cooperative banks brought under RBI supervision

25 Jul

The Cabinet approved a slew of proposals, including an ordinance bringing cooperative banks under supervisory powers of the Reserve Bank of India and ...

Malpractices force RBI to crack down on loan apps

25 Jul

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 ...

Medical cover sales turn lifeline for online insurance firms

25 Jul

New-age digital insurance startups are betting on increased demand for medical insurance, to tide over the pandemic-induced slowdown, which has impact ...

All Chinese cargo being checked following nationwide risk alert

25 Jul

All shipments coming from China are being physically checked at ports and airports following a nationwide alert regarding enhanced risk weightag ...

Green shoots of economic revival emerge: Government

24 Jul

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 ...

Companies go all out to get back migrant workers

24 Jul

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 ...

Sellers need to mention 'country of origin' on products for Govt e-market platform

24 Jul

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 ...

Unemployment rate falls to pre-lockdown level: CMIE

24 Jul

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 ...

NCR developers are offering benefits up to 25% of property value to serious homebuyers

24 Jul

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 ...

Indian customs may start inspection of all imports from China.

24 Jul

Indian customs could carry out 100 per cent checks of Chinese import consignments at ports on the back of heightened security concerns following tensi ...

Centralised AAAR Put on Fast Track

23 Jul

India has fast-tracked the creation of a Centralised Appellate Authority of Advance Rulings, wary of divergence in rulings by regional bodies leading ...

Technical rules likely to cut Chinese imports

23 Jul

India is eyeing about 5,000 technical regulations to rein in cheap imports and provide a quality boost to domestically made industrial goods, telecom ...

Chinese tech companies with government links face curbs

23 Jul

India is trying to identify Chinese technology companies with direct or indirect links to that country’s government or military. Such companies ...

Big corporates with strong liquidity owe ₹3.3-lakh crore to MSMEs.

23 Jul

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 ...

Surge in deposits to put pressure on banks’ net interest margins

23 Jul

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 ...

Airtel upgrades security measures amid likely cyberattacks

23 Jul

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 ...

CCI gives clean chit to Swiggy

23 Jul

The country’s competition watchdog has disposed of a complaint alleging that a food delivery platform abused its market dominance through unfair prici ...

HP may shift some manufacturing to India

23 Jul

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 ...

India’s trade deficit with China at 5-year low

23 Jul

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 ...

How much do we tax oxygen? GST code isn’t clear about it

22 Jul

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 ...

E-comm sales volumes back at pre-Covid-19 levels

22 Jul

India’s ecommerce industry has recovered about 90% of its overall order volumes since restrictions on shipping of non-essential products were relaxed ...

Chinese auto companies to employ mostly locals at Indian units

22 Jul

Automakers with a Chinese pedigree are playing it safe with their India strategy. These companies are filling up positions from factory floors to boar ...

Government's support comforts banks, boosts lending to virus-hit MSMEs

22 Jul

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- ...

Norms for Employment Zones may be Eased to Woo Foreign Investors

22 Jul

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 ...

RBI nudges banks to decide if red-flagged accounts are fraud

22 Jul

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 ...

Apps with Chinese funds face users’ ire

22 Jul

Top Indian consumer-focused unicorns like Paytm, Ola, Zomato, MakeMyTrip and others backed by Chinese capital are facing the ire of consumers. Users a ...

Industry told to submit list of Chinese imports

20 Jul

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 ...

RIL becomes ‘net-debt free’, Mukesh Ambani says promise fulfilled.

20 Jul

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 ...

Decks cleared for ‘largest ever’ LIC IPO

20 Jul

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 ...

Will ensure banks pass on rate cut benefits to consumer: FM

20 Jul

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 ...

SC to Franklin Templeton: Wrong to wind up funds in pandemic

20 Jul

The Supreme Court disapproved of Franklin Templeton’s April 23 announcement to wind up six debt funds, which spooked lakhs of investors, but the ...

Food deliveries at quick service restaurants back at pre-covid levels

20 Jul

Large quick service restaurants such as Pizza Hut, McDonald’s and KFC said their delivery sales have either reached pre-Covid volumes or witness ...

India set to erect a Great Wall against Chinese companies

19 Jul

India is considering multiple, comprehensive measures to curtail the country’s economic reliance on China, targeting trade, investment and project ser ...

Job losses, pay cuts leading to surge in home loan defaults

19 Jul

Mortgage, considered the safest segment of lending in India, is showing signs of cracks as the delinquencies at India Mortgage Guarantee Corporation ( ...

PM Modi to launch Rs 50,000 crore job plan for migrants in 6 states

19 Jul

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 ...

IBM plans to reduce office space by nearly half in India

19 Jul

IBM is planning to discontinue lease agreements at nearly half of its offices in major cities across the country, people familiar with the development ...

RIL sells 2.3% in Jio to Saudi’s PIF for Rs 11,367cr

19 Jul

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 ...

Govt drops 96% AGR demand from PSUs

19 Jul

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 ...

Pharma shines in advance tax pay

19 Jul

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 ...

Demand Starts Revving up for Auto Industry

18 Jul

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 ...

Telecom companies reject Trai’s tariff calculator proposal in one voice

18 Jul

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 ...

Depositors seek RBI protection against waiver of bank interest

18 Jul

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 ...

Labour ministry to fast-track National Employment Policy

18 Jul

The government has fast-tracked the proposed National Employment Policy (NEP), which aims at formalisation of the country’s 500 million workforce incl ...

Sales of Chinese phones, Electronics not hit yet.

18 Jul

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 ...

Most mall owners agree to retailers’ rental terms

18 Jul

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 ...

Food delivery firms asked to cut offers, commission.

18 Jul

As economic activities pick up across the country, restaurants are now pressing online food delivery platforms like Swiggy and Zomato to change commis ...

RBI proposes tougher rules for housing finance companies

18 Jul

The Reserve Bank of India has proposed tougher rules for housing finance companies (HFC), including lending and investment curbs in group entities to ...

RERA in NCR to continue with virtual hearings post Covid-19

17 Jul

Aggrieved NCR homebuyers won’t have to visit the Real Estate Regulatory Authority(RERA) office after the state authorities decided to continue v ...

Nearly half MSMEs witness 20-50% impact on earnings

17 Jul

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 ...

For Delivery and More, Cos Direly Need Staff Now

17 Jul

With lockdown curbs easing and migrant labour in short supply, companies across sectors, from hazmat suits maker Wildrcraft to ecommerce players Flipk ...

Finmin nod to NHAI’s ₹50K crore SPV

17 Jul

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 ...

Cos Fleeing Smaller Banks for ‘Safer’ Large Lenders.

17 Jul

Indian companies are fleeing small banks and moving towards larger lenders as slower economic growth, build up in nonperforming assets, liquidity issu ...

China’s Great Wall Motors in pact with Maharasthra, has $1bn India plan

17 Jul

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 ...

Banks oppose waiver of loan interest during moratorium

16 Jul

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 ...

As Revenues Thin, Tata Group Cos Prepare to Tighten Belt

16 Jul

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 ...

Exports bounce back to last year’s levels

16 Jul

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 ...

May wholesale prices fall signals deflation

16 Jul

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 ...

Awaiting critical Remdesivir safety data from companies: DCGI

16 Jul

Amid growing clamour for speedy launch of Remdesivir, the experimental Covid-19 drug, India’s drug regulator says it is awaiting “crucial data” ...

Returning Migrants Help Unlock Business for Cement Roofing Cos

16 Jul

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 ...

Steel, diamond, paddy, rubber trades on ICEX under scanner

16 Jul

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 ...

MSMEs face existential crisis, revenue to fall a fifth

16 Jul

The 5% contraction in the Indian economy wrought by the Covid-19 pandemic will significantly hurt micro, small and medium enterprises (MSMEs) across s ...

Auto dealers face SC heat over BS4 sales

16 Jul

The Supreme Court slammed the Federation of Automobile Dealers’ Association (FADA) for violating its order by selling and registering more BS4 automob ...

RIL’s partly paid-up shares may list at a 50% premium

15 Jul

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 ...

SEBI plan faces resistance from promoter-driven companies

15 Jul

The Securities and Exchange Board of India’s (Sebi’s) plan to replace existing concept of promoters with controlling shareholders is facing stiff oppo ...

OPEC Gets Chance to Gain Upper Hand in Long Battle With Shale

15 Jul

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 ...

No Legal Action Against Firms Over Data Gaps

15 Jul

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 ...

Industry for Faster Release of Services Exports Incentives

15 Jul

A host of services exporters have claims worth crores pending under a key export incentive scheme, compounding liquidity problems of the sector hit ha ...

13% more sowing will lead to a bumper kharif crop

15 Jul

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 ...

38% startups run out of funds as bailout calls go unanswered

15 Jul

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 ...

General insurers report 9% drop in May premium

15 Jul

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 ...

Factory output shrinks 55.5% in April; Full retail inflation data not out

13 Jul

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 ...

SC to centre:Give clarity on loan interest

13 Jul

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 ...

US technology firms to be impacted by possible Trump move to ban H-1B visas

13 Jul

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 ...

KYC norms need to be simple, cost effective

13 Jul

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 ...

India’s forex reserves hit half-trillion mark

13 Jul

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 ...

M&M plans to exit loss-making international subsidiaries in a year

13 Jul

Mahindra & Mahindra will exit loss-making international subsidiaries and entities over the next 12 months and follow stringent capital allocation ...

Govt admits to possibility of economic contraction

12 Jul

The government admitted for the first time that India could see an economic contraction during the current financial year, although chief economic adv ...

RBI plans 10-year cap on promoter-CEO’s term

12 Jul

In its discussion paper on governance in commercial banks, the Reserve Bank of India (RBI) has sought to cap the promoter’s role at the helm of a bank ...

SC wants govt to withdraw AGR recovery demand against PSUs

12 Jul

The Supreme Court termed as ‘totally impermissible’ the demand by the Department of Telecom for dues of Rs 4 lakh crore in Adjusted Gross Revenue (AGR ...

At FMCG companies, production crosses pre-Covid for food & hygiene goods

12 Jul

Large consumer goods companies HUL, ITC, Parle Products, Britannia, Marico and Dabur are expanding production capacities beyond pre-Covid levels. In-d ...

Scooter, Mobike output nears 70% of pre-lockdown levels

12 Jul

A strong post-lockdown preference for personal mobility choices over public transport has meant brisk two-wheeler sales, and leading manufacturers hav ...

COVID-related consumption crunch may spike Q1 household savings

12 Jul

The household savings is expected to spike in Q1'20-21 due to forced slowdown in COVID- related consumption. This is going to come in handy to finance ...

Labour woes: Firms worry even as export queries rise

12 Jul

Exporters have seen a 20% rise in export enquiries in the last fortnight from the US, Australia and Japan. While cotton yarn is being exported at a 15 ...

Independent directors' fees to attract GST

11 Jul

The government sought to end the confusion over GST on company directors, while also addressing concerns over held-up input tax credit ref ...

Bad bank idea finds little support from RBI, govt

11 Jul

The proposal for a “bad bank” to take over non-performing loans from commercial banks has found little traction among the regulator, the government an ...

Lenders assess borrowers’ stress levels before offering fresh loans

11 Jul

Fresh loans are hard to come by for both large and small borrowers that displayed signs of stress even before the lockdown and have availed of the cen ...

Gold ETFs gain traction as global economic crisis looms

11 Jul

This year, gold prices have rallied 19 per cent in rupee terms. Gold, the hedge against economic uncertainty, continues to attract investor interest d ...

Fresh tax concerns for many FPIs

11 Jul

Fresh tax worries are cropping up for India’s foreign portfolio investors (FPIs) that are structured as trusts and associations of persons (AOPs), thi ...

Pent-up demand driving sales, but hurdles remain : CII Survey

11 Jul

The first week of Unlock 1.0 beginning June 1 saw most firms resume business quickly with pent-up demand helping sales, though supply side constraints ...

Hiring activity declines 61% in May 2020 as compared to May 2019

10 Jul

The NaukriJobSpeak Index for May 2020, at 910, marks a decline of 61% in hiring activity as compared to May 2019 at 2,346, led by the extension ...

Some financial offences like bouncing of cheques may be decriminalised

10 Jul

The government is looking to reclassify several offences under financial sector laws, including the bouncing of cheques, as civil offences rathe ...

FM Nirmala Sitharaman asks PSU banks to focus on MSME outreach

10 Jul

Finance minister Nirmala Sitharaman asked public sector banks to make proactive outreach to the micro, small and medium enterprises (MSMEs) and ...

After steep falls, June exports show signs of improvement

10 Jul

After steep double-digit declines for three months, India’s exports are estimated to have dropped by just 0.8% during the first week of June due ...

Cheaper stocks open gates for buybacks

10 Jul

Depressed stock valuations, triggered by coronavirus-induced business impacts, have prompted several companies to repurchase their shares and offered ...

Oil drops after US inventory build renews oversupply concerns

10 Jul

Oil prices fell on 9th June weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end v ...

Tractor makers explore rental route as agricultural economy grows

09 Jul

Tractor makers Mahindra, Tractors and Farm Equipment (Tafe) and Sonalika that have been struggling with customised hiring schemes are looking to cash ...

Bank FDs now fetch less than savings accounts

09 Jul

It no longer pays to keep your money locked up in a bank. Fixed deposit (FD) rates have plummeted in recent months, with short-term rates now hovering ...

Pandemic leaves hiring plans in disarray

09 Jul

Corporate India’s hiring intentions for the upcoming quarter have weakened to the lowest in at least a decade and half amid uncertainties caused ...

SBI seeks clarity on CFO qualifications

09 Jul

State Bank of India (SBI) has sought clarity from the banking regulator on the mandatory qualification for its chief financial officer whether the off ...

India's economy to contract by 3.2 per cent in fiscal year 2020-21: World Bank

09 Jul

The World Bank expects India's economy to contract 3.2% in the current fiscal year, a sharp downgrade from its April projection of 1.5%-2.8% growth, c ...

Adani Green Energy wins world's largest solar bid worth $6 billion

09 Jul

Adani Green Energy Ltd has bagged the world's largest solar bid entailing building a photovoltaic (PV) power plant of 8,000 MW and setting up a domest ...

Jolt for malls as retailers, restaurants refuse to open

09 Jul

Large shopping malls, which have been feeling the pinch of a long lockdown, received another blow as several top retailers and restaurants refrained f ...

Trucks move into fast lane in May as curbs ease

08 Jul

The number of trucks moving freight doubled to 2.2-2.5 million in May from the month ago, reflecting the gradual resumption of economic activity as lo ...

AIDA to invest Rs.5.8k cr in Jio Platforms.

08 Jul

Jio Platforms is set to raise Rs 5,863.50 crore from Abu Dhabi Investment Authority (ADIA), the largest investment arm of the government of Abu Dhabi, ...

Industry calls for 100% automatic FDI in satellites

08 Jul

Global satellite builders and communications service providers have called on finance minister Nirmala Sitharaman to allow 100% foreign direct investm ...

Fall in tax collections temporary, says CBDT

08 Jul

Gross direct tax collections for 2019-20 fell almost 5% at Rs 12.33 lakh crore against the previous year’s Rs 12.97 lakh crore, the Central Board of D ...

Mass departure of migrants hits garment, knitwear hubs

08 Jul

Garment and knitwear hubs across the country from Ludhiana to Tirupur are facing shortage of tailors and finishing personnel as hundreds of thousands ...

Majority IT firms expect flat revenue this fiscal

08 Jul

More than 4 out of 10 IT and ITeS companies feel that Covid-19 will have a 30% impact on their new business pipeline, and almost 56% expect a fl ...

Bankers, government officials oppose interest sop in moratorium period

08 Jul

It is not just the Reserve Bank of India but even bankers and government officials are not in favour of waiving or offering interest concessions to bo ...

SBI Q4 net profit jumps four-fold to ₹3,581 crore.

06 Jul

State Bank of India posted a four-time jump in its fourth-quarter standalone net profit, thanks largely to a lower loan loss provision burden and a on ...

Tata Sons in strong financial position, says N Chandrasekaran

06 Jul

Tata Sons is in a strong financial position with adequate cash flows to support group companies and new growth initiatives, and is not looking to mone ...

Shut Oppo factory gets China companies into trouble

06 Jul

Chinese handset firms Oppo, Realme and OnePlus are finding it difficult to meet the pent-up demand in both online and bricks-and-mortar channels follo ...

Kia Motors and MG Motor India consolidate leadership position in SUVs amid slowdown

06 Jul

Kia Motors and MG Motor have consolidated their leadership positions in two key SUV segments with the Seltos and Hector, even as India’s automobile in ...

PSBs luring MSMEs with pre-approved loans.

06 Jul

Messages of pre-approved loans at attractive rates which banks often sent to prime retail customers have now become the template of public-sector lend ...

Government issues draft rules for manufacture, use of drones

06 Jul

India has finally issued the draft set of Unmanned Aircraft System (UAS) Rules, 2020, that cover the entire spectrum of drones — right from manufactur ...

Use resources prudenlty and don’t initiate any new scheme : Finance Ministry

06 Jul

The Finance Ministry has asked all Ministries and departments not to initiate any new scheme in the current financial year and said that there is a ne ...

Auto industry may fall out of gear this fiscal

05 Jul

The Indian automobile industry may post an aggregate drop of 20%, or Rs 75,000 crore ($10 billion), in revenue and a decline of 40%, or Rs 15,000 cror ...

Mastercard, Axis Bank tie up to bring POS machines to smartphones

05 Jul

Digital payment giants Mastercard has tied up with Axis Bank and French payment service provider Worldline, to bring the functionality of Point of Sal ...

Undeterred by US probe, government backs ‘Google Tax’

05 Jul

India is undeterred by the US launching an investigation into its tax on digital transactions, or equalisation levy, covering companies such as Netfli ...

Getting loans a tough ask for most MSMEs: GAME's Ravi Venkatesan

05 Jul

Most small and medium businesses in India are facing difficulty in getting loans as they are first-time borrowers financially excluded from the formal ...

SC seeks finance minister’s view on interest waiver

05 Jul

RBI’s misgivings over waiver of interest on loans during the six-month moratorium on payment of EMIs did not impress the Supreme Court, which ga ...

Consumer confidence crashes: RBI survey

05 Jul

Less than two months into the Covid-19 lockdown, consumer confidence in India totally collapsed with half of those polled expecting incomes to shrink ...

Banks to install contactless ATMs to cut down on touch

05 Jul

With reduced hand contact becoming the norm in the wake of the coronavirus pandemic, banks are set to deploy contactless ATMs. A prototype has been de ...

Ordinance soon: Cabinet OKs proposal to amend IBC

04 Jul

The cabinet approved a proposal to amend the Insolvency & Bankruptcy Code (IBC) to prevent companies from being forced into resolution proceedings ...

Tatas set to review business plan

04 Jul

The board of Tata Sons is scheduled to meet on June 5 to chart the next move for the $111-billion salt-to-software group whose businesses have been si ...

Rs 2 lakh crore will be lost if interest is waived off during loan moratorium

04 Jul

The Reserve Bank of India told the Supreme Court that it cannot waive interest on loans for the moratorium period, as it would affect the financial st ...

Sales pitch: A V-shaped recovery that may vanish soon

04 Jul

There’s a V-shaped demand recovery in major consumer goods segments but that V may not last long.
Across phones, consumer durables, apparels, shoes ...

DGCA nod clears runway for the Dawn of Drone age

04 Jul

Delivery startups Dunzo, Swiggy and Zomato, budget airline SpiceJet and Reliance-backed drone startup Asteria Aerospace are among 13 consortia that ha ...

Cabinet nod for amendment to Essential Commodities Act, 2 ordinances to promote barrier-free trade

04 Jul

The Union Cabinet approved amendment to the six-a-and-half decade old Essential Commodities Act to deregulate food items, including cereals, pulses an ...

Banks asked RBI to allow restructuring of loans worth Rs 3 lakh crore.

03 Jul

Indian lenders have asked the central bank to allow them to restructure loans worth about Rs 3 lakh crore given to hospitality, aviation and commercia ...

Flipkart investor’s stake sale a bid to avoid tax: AAR

03 Jul

The Authority of Advance Ruling (AAR) has said a Rs 14,500-crore transaction in 2018 where a private equity investor sold its stake in Flipkart to US ...

No Chinese supply threat for drug companies, but scaling Great Wall is tough

03 Jul

The earnings calls of Indian pharmaceutical companies for the third quarter of FY20 had evoked much interest among analysts owing to their plans relat ...

Tax relief likely on creation of ‘permanent establishment

03 Jul

India will provide relief to overseas companies with global income that may be subject to tax here because the presence of their key management person ...

Partial lockdown lift gives work to 21 million; no new jobs for salaried class

03 Jul

At least 21 million people became employed after the nationwide lockdown was partially lifted in May, although it was restricted to small trader ...

Industry must tap world’s trust in India, says PM Modi

03 Jul

PM Narendra Modi invoked “trust and reliability” to urge domestic industry to manufacture products for the international markets and be part of ...

Government eyes $17 billion investment proposals to boost local manufacturing

03 Jul

The government is considering proposals for investment of $16-17 billion (around Rs 1.25 lakh crore) to boost domestic production of air conditioners ...

SBI gives 22k loans to small businesses in a day.

03 Jul

SBI disbursed 22,000 loans amounting to over Rs 3,000 crore to small businesses under the government’s Rs 3-lakh-crore emergency credit line guarantee ...

Moody’s cuts India rating to lowest investment grade

02 Jul

International rating agency Moody’s downgraded India’s sovereign rating by a notch to Baa3 from Baa2 with a negative outlook over a weak reform push c ...

IBC suspension leaves out many unanswered questions.

02 Jul

The road towards changing the Insolvency & Bankruptcy Code (IBC) is less simple than it seemed a fortnight ago when the finance minister announced ...

With very low sales last month, auto sales may hit record low

02 Jul

Auto companies eked out marginal sales in May, with lockdown due to Covid-19 and economic gloom ensuring overall sales hit a decade low.Industry estim ...

Occupancy fall among steepest for Indian hotels

02 Jul

Ravaged by the Covid-19 pandemic and the lockdown, and currently awaiting clearances from various state governments to resume operations, India's hote ...

Oil falls as US China tension escalates

02 Jul

Oil futures steadied on 1st June as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were cl ...

MSME definition widened further to include firms with up to Rs 250 cr turnover

02 Jul

The Union cabinet has approved further changes to the definition of micro, small and medium enterprises, a Rs 20,000-crore fund to provide equity supp ...

Manufacturing activity shrinks again in May, PMI at 30.8

02 Jul

India’s manufacturing activity continued to shrink in May making firms cut staff numbers at the quickest pace since data collection began over 1 ...

Government in talks with over 600 global investors: Piyush Goyal

02 Jul

The government is keeping close tabs on foreign direct investment (FDI) and portfolio flows from neighbouring countries, especially China. At the same ...

SEBI considers one-time listing window for existing unlisted non-convertible debentures

01 Jul

The Securities and Exchange Board of India (Sebi) is considering an one-time listing window for existing unlisted non-convertible debentures to ease s ...

Auto majors struggle to convert online bookings to sales

01 Jul

With the Covid-19 lockdown having brought automobile sales to nil in April automakers pulled out all stops to woo customers.
Hyundai, Maruti Suzuki ...

Domestic airlines curtail fleet expansion plans

01 Jul

India’s airlines are sharply curtailing their fleet expansion plans as the Covid-19 pandemic saps demand for travel and pushes prospects of a recovery ...

Manufacturers giving incentives to dealers, distributors to push sales

01 Jul

Indian manufacturers are enhancing dealer and distributor incentives to push harder for sales after the Covid-19 pandemic deflated consumer demand.
...

Local banks to start rupee trading in overseas NDF market

01 Jul

The rupee is set to enter a new era as local banks including Axis Bank, ICICI Bank, HDFC Bank and IndusInd Bank will likely start trade in the o ...

Unorganised sector workers may get IDs

01 Jul

The government has pulled out a 2014 proposal to provide identification numbers to workers from the the unorganised sector after facing all round crit ...

India for TRIPs flexibility to ensure drugs’ access

01 Jul

India has pitched for flexibility in global intellectual property rights (IPR) agreements, in order to ensure access to essential medicines and vaccin ...

As personal & small business loans crash, bank lending in April shrinks Rs 1.1 lakh crore

01 Jul

Bank lending has shrunk by Rs 1.1 lakh crore during the four weeks ended April 24 to Rs 91.5 lakh crore. While such a decline in lending is not unusua ...

Retailers threaten to exit malls

01 Jul

The battle between mall owners in India and their tenants, retailers across 350 brands, is set to take an ugly turn, with most threatening to shutter ...

Govt eyes bad bank again, may not up GST.

30 Jul

The government and the regulators have begun preliminary discussions on setting up a bad bank at a time when the stock of bad debt is expected to rise ...

Fiscal deficit zooms to 7 year high of 4.6%

30 Jul

The Centre’s fiscal deficit ballooned to 4.6% of the GDP during the last financial year, mainly on account of a near 10% shortfall in the scaled down ...

Covid takes toll on core sector, output slumps 38% in April

30 Jul

Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d ...

Rural demand may power revival of two wheelers post lockdown

30 Jul

It’s the green and orange effect. Demand from rural and semi urban markets — most of which are green and orange zones — is driving two wheeler sales a ...

NCLT clears Takata India and KSS Abhishek Safety Systems merger

30 Jul

The Chennai division bench of the National Company Law Tribunal (NCLT) has cleared the merger of Gurugram based KSS Abhishek Safety Systems with Takat ...

GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent.

30 Jul

India's economy expanded by 3.1 per cent in the January-March quarter and dragged the full year FY20 GDP growth to 4.2 per cent, weakest since the fin ...

Business activity improved in May as factories restart.

29 Jul

Business activity improved slightly in May from a near stall in April after the government eased restrictions.
The 17.3 million e-way bills generat ...

Slump in consumer sector may boost PE investments

29 Jul

The disruption in demand, production and supply chain caused by the extended nationwide lockdown to contain the Covid-19 pandemic will knock back reve ...

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

29 Jul

Exports are likely to improve in May, with the contraction expected to be 30-35 per cent, said Commerce and Industry Minister Piyush Goyal , after out ...

IBC Deferral Plan and Absence of Loan restructuring Put Banks in a Fix

29 Jul

Banks are in a dilemma over the resolution of stress among corporate borrowers as they find themselves caught between the government’s proposal to sus ...

SIPs save the day after FPIs sell big

29 Jul

As foreign funds took out over $6.6 billion (Rs 48,000 crore) from the Indian market during January-March, domestic funds which saw Rs 8,500 cro ...

State govt's going all out to chase global investors.

29 Jul

It is India’s version of Shark Tank, the business reality TV show, with states vying to attract overseas investors, many of whom are seen to be scouti ...

Cash Strapped govt to fast-track ₹4 Lakh crore of 4G spectrum sale

28 Jul

The government is speeding up plans to auction 4G spectrum worth more than ₹4 lakh crore .An inter-ministerial note being drafted is likely to be pres ...

Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise

28 Jul

Indian banks may need to raise $20-50 billion capital in the next two years as bad loans and credit costs rise due to the Covid-19 induced slowdown in ...

ICAI aims for transparency in Covid-era accounting

28 Jul

In the pre-pandemic era, it was relatively simple to answer about the question of company's ability to survive its operations in future. But,Tod ...

Corporates present that loss of revenue, labour supply and logistic are the top worries.

28 Jul

A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, disclosure ...

Government tracks package rollout to gauge impact on ground

28 Jul

The government is closely monitoring economic activity as a gradual relaxation in lockdown leads to reopening of businesses to see how the Rs 20 lakh ...

Blanket ban on recovery impractical, say bankers

28 Jul

Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket ...

Firms may get input tax credit for masks, PPEs

27 Jul

The government could allow companies to claim input tax credit for personal protective equipment (PPE) kits, sanitisers, masks and other such goods di ...

Auto companies stare at bleak wholesale numbers in May.

27 Jul

While most auto manufacturers have opened their plants after lockdown, the entire production ecosystem is yet to fall in place as support from their s ...

20 million back in the job in May as lockdown eases.

27 Jul

About 20 million workers came back into employment in May as the government eased the nationwide lockdown to counter Covid-19 outbreak, according to a ...

Land acquisition rules for road projects take a hit.

27 Jul

Land acquisition for road projects has taken a hit, as district officials who carry out the activity are busy on Covid-19 duty.
While this af ...

Govt may get RBI to monetise deficit.

27 Jul

The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio ...

Non- MSMEs to get cheap govt guaranteed loans too.

27 Jul

Many businesses like hotels, restaurants and service providers — other than micro, small and medium enterprises (MSMEs) — will be eligible to receive ...

Covid-19 cases in factories don't deter manufacturers.

26 Jul

Even after an employee at Maruti Suzuki, has tested positive for Covid-19 and in Hyundai Motor India, three people tested positive ,the discover ...

Input tax credit not applicable on donating medical kits, ventilators, masks under GST

26 Jul

Companies that donated equipment to the government during the Covid-19 crisis will likely be denied the benefit of input tax credit under the goods an ...

Medium company turnover limit may be doubled for MSME benefits

26 Jul

The government may enhance the turnover limit for a medium enterprise to ₹200 crore to allow more units to avail the benefits announced for ...

Minimum wage hike may be deferred this year.

26 Jul

The government could defer mandatory increase in minimum wages for a year in a move that could result in an annual saving of Rs 7,500 crore for th ...

Asset reconstruction companies (ARCs) are seeking liquidity support from the RBI

26 Jul

Asset reconstruction companies (ARCs) are seeking liquidity support from the Reserve Bank of India’s initiative to provide long-term funds at re ...

Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt

26 Jul

Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through ...

Jaypee Infratech, parent firm face fraud probe

26 Jul

The government has ordered a probe against Jaiprakash Associates (JAL) and Jaypee Infratech, both facing insolvency resolution, by the Serious Fraud I ...

Centre likely to fast-track changes for uniform flexi labour laws

25 Jul

The Centre could tweak labour law changes and fast-track their implementation to supersede ordinances issued by three BJP-ruled states to ensure unifo ...

NBFCs face repayments of Rs. 76k cr in three months as bond mature.

25 Jul

Non banking finance companies (NBFCs) may have got a moratorium from banks on their loan payments but over Rs 76,000 crore of repayments in the debt m ...

NCLAT bars appointment of bank ex-employee as RP.

25 Jul

An appellate tribunal upheld NCLT order prohibiting appointment of a former bank official as a resolution professional (RP) of a bankrupt company due ...

DPIIT to seek nod for startup credit scheme, seed fund.

25 Jul

The Department for Promotion of Industry and Internal Trade (DPIIT) will soon approach the Cabinet with a proposal to create a Startup India seed fund ...

Oil, gas giants may get tax sop as govt works on lifeline

25 Jul

The government is stitching together a package of measures to help domestic oil producers pull through the price crash and the uncertainty in the glob ...

NHAI begins search for long-term funds amid fears of revenue crunch.

25 Jul

The National Highways Authority of India (NHAI) has started work on new strategies to tap long-term investment from different sources, including insur ...

After 41 years, RBI sees GDP shrinking.

23 Jul

The Indian economy is expected to contract for the first time in nearly 41 years, while the outlook for inflation remains uncertain, Reserve Bank of I ...

Amazon to hire 50,000 more for delivery, supply.

23 Jul

Amid the gloom of job cuts due to the impact of the Covid-19 pandemic on businesses, Amazon India is looking to hire 50,000 seasonal, or tempora ...

Reliance Jio sells 2% stake to KKR for $1.5 billion.

23 Jul

Continuing with its string of share sales in Jio Platforms to global investors, Reliance Industries (RIL) agreed to sell 2.32% in the telecom-cu ...

Loan rejig will happen only after lockdown ends.

23 Jul

Restructuring of loans may happen only after the lockdown ends as it is only then that banks will get an idea of the cash flows of various borrowers. ...

Covid has hit income of 60% households.

23 Jul

Covid-19 has hit the income of around 60% households across India, showed a survey. The study, conducted by Nielsen across 12 cities, also discovered ...

RBI slashes key rate 40 basis points to new all-time low.

23 Jul

The Reserve Bank of India unexpectedly cut key interest rates by 40 basis points, citing negative GDP growth in the current fiscal amidst a "dou ...

Deposits rise over Rs 2.8 lakh crore in six weeks of lockdown.

22 Jul

Bank deposits have risen by over Rs 2.8 lakh crore in three fortnights of the lockdown till May 8, while bank credit during the period dipped by Rs 1. ...

Cop canteens has withdrawn order that put fresh procurement on hold.

22 Jul

In what has come as a breather for multinational companies in India, the central police welfare stores body, Kendriya Police Kalyan Bhandar (KPKB) can ...

Government expected to prioritise expenditure

22 Jul

The government is expected to prioritise expenditure on sectors such as healthcare, food and transporting migrants over areas such as culture, s ...

Banks will pay to the government a fee of 0.25% for governemnt guarantee.

22 Jul

To get a government guarantee against defaults on the bonds or the loans that they buy from finance companies, banks will pay to the government a fee ...

Aditya Birla MF suspends fresh inflows into two debt schemes

22 Jul

Aditya Birla Sun Life Mutual Fund has temporarily suspended fresh investments in two of its debt schemes ,Medium Term Plan and Credit Risk Fund.
Th ...

Finance minsiter to look at credit flow.

22 Jul

Finance minister will take up the progress of covid related credit and the extent of pre apporved loans that have been sanctioned. The minister ...

Home consumption drives up household grocery bills.

21 Jul

Grocery bills have ballooned as home consumption rises and consumers buy larger packs of FMCG products.
The bill sizes had almost doubled in March, ...

Britain borrows at negative interest rate for first time

21 Jul

Britain sold a government bond with a negative yield for the first time , meaning the government is effectively being rewarded for borrowing after inv ...

Ola layoff 1400 of its employees, due to its revenue fell by 95% in last two months.

21 Jul

Ride-hailing major Ola is laying off 1,400 of its employees over the next two weeks. The move comes after its revenues fell by 95% over two mont ...

MSMEs to get 4-year emergency government-guaranteed loans at 9.25%

21 Jul

Micro, small and medium enterprises (MSMEs) can look forward to a four-year loan with a one-year moratorium at 9.25% under a government-guaranteed eme ...

Liquidity plan aimed to help NBFCs fails to bring cheer

21 Jul

The government finalised a special liquidity scheme for non-banking finance companies (NBFCs) and widened the scope of its existing guarantee to ...

Sebi has allowed listing of units of mutual fund (MF) schemes facing closure.

21 Jul

Markets regulator Sebi has allowed listing of units of mutual fund (MF) schemes that are being closed down. The decision is seen as a move by the regu ...

Startups step up to help seniors amid lockdown

20 Jul

With many such seniors being stranded by themselves and hence vulnerable, geriatric care is proving to be a big business opportunity for a clutch of s ...

E-sales get boost from non-essentials.

20 Jul

With the government allowing online sale of non-essentials in red zones, consumers flocked to e-commerce platforms, resulting in a spike in sale ...

Hero Moto will defer investments, save cash

20 Jul

The country’s top two-wheeler maker Hero MotoCorp has decided to defer planned investments for capacity additions due to the coronavirus pandemic, and ...

States with red zones account for 60% of GDP.

20 Jul

There are eight states, with high concentration of red zones, which account for 60% of the country’s GDP and 58% of the workforce at the end of the th ...

'Vocal for local’: Firms quizzed by govt-run stores

20 Jul

Taking PM Narendra Modi’s 'vocal for local’ as a call to action, government-run stores such as the Canteen Stores Department (CSD) and the Centr ...

Government’s economic package only 1% of GDP, say analysts

20 Jul

The government has announced a five-part package and has provided details of how it adds up to Rs 20.97 lakh crore and accounts for nearly 10% of the ...

Bharti Airtel reports net loss of Rs 5,237 crore in Q4.

19 Jul

Bharti Airtel reported a consolidated net loss after exceptional items of Rs 5,237 crore in the fourth quarter ended March 31, as compared to a net pr ...

SoftBank Vision Fund loses $17.3 billion

19 Jul

SoftBank Vision Fund, the biggest backer of startups in India, has reported a loss of $17.3 billion on its investments for the financial year ending M ...

RIL rights offer : Pay 25% upfront

19 Jul

Shareholders of Reliance Industries (RIL) will have to pay 25% upfront to subscribe to the company’s rights offering opening ...

States protest linking of additional borrowing limit to four reforms.

19 Jul

Some states have protested the Centre’s move to link the increase in their borrowing limit to conditions such as reforms, saying it sets a bad precede ...

Goldman sees -45% Q2 GDP growth, jump of 20% in Q3

19 Jul

India’s GDP growth during the July-September quarter could slump to a dismal -45% on a quarter-on-quarter basis thanks to Covid-19-related economic di ...

70% startups have cash for less than 3 months.

19 Jul

About 70% of startups have cash to last for just about three months, and another 22% have money in the bank for three-six months, according to a surve ...

All sectors open to priavte players, non-strategic PSUs to be privatised.

18 Jul

The government announced a new Public Sector Enterprise (PSE) policy that will open up all sectors for the private sector while the public sector ente ...

E-tailers gear up to deliver in all 3 zones except in containment zones.

18 Jul

Economic activity has started to gather pace with more factories rebooting production and large e-commerce players gearing up to expand deliveries.&nb ...

Govt signals retreat of PSUs even across ‘strategic sectors’.

18 Jul

Finance minister Nirmala Sitharaman unveiled the government’s plan to limit the role of public sector companies across the economy, while announ ...

States allowed to borrow more, but with conditions

18 Jul

Acceding to the demand by states to let them borrow more in light of resource crunch and expenditure commitments during Covid-19, Finance Minister Nir ...

General Atlantic picks 1.3% in Reliance Jio for Rs 6,598 crore

18 Jul

New York’s General Atlantic will pump Rs 6,598 crore ($868 million) into Jio Platforms, marking its largest investment in India. The infusion, which r ...

Health, travel, apparel sectors disappointed.

18 Jul

Healthcare, hospitality and apparel exporters were disappointed that the finance minister’s stimulus announcements ignored their sectors. Soon a ...

Exports fall more than 60% in April,worst slow in 30 years.

16 Jul

According to data released by the Ministry of Commerce & Industry India's overall exports for the month of April has been estimated to be $27.96 b ...

Virus threatens to derail retail boom for Indian lenders

16 Jul

Indian lenders are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans, forcing them to set aside hundreds o ...

Laid-off techies link up, find new jobs

16 Jul

Punit Singh, a full-stack developer, is on the SEAriously Awesome People List, a public spreadsheet that seeks to bring together those like Singh who ...

Zomato cuts 13% jobs, rest face up to 50% pay

16 Jul

Online food delivery major Zomato is slashing its team size by 13%, or 520 people, and implementing a temporary pay cut of up to 50% for the rest of i ...

General insurance companies retain 90% of April business.

16 Jul

General insurance companies managed to retain 90% of the business they saw last April and reported total premiums collected for April 2020 of Rs 14,20 ...

World Bank approves $1 bn loans for India for social protection.

16 Jul

The World Bank approved a $1 billion loan to support India's efforts for providing social assistance to the poor and vulnerable households, seve ...

Finance minister gives farmers Rs 2 lakh crore in concessional credit

15 Jul

The government announced concessional credit of Rs 2 lakh crore for farmers and earmarked an additional Rs 30,000 crore as an emergency working ...

New launch plans to be impacted says Maruti.

15 Jul

The country’s largest carmaker Maruti Suzuki said business and new launch plans will be impacted by disruptions around the coronavirus pandemic. But t ...

Affordable rental housing for poor soon.

15 Jul

With many migrant workers facing eviction for not being able to pay rent as businesses came to a halt during lockdown, the government said it will rol ...

Private equity & venture capital firms eyeing the MSME fund of funds.

15 Jul

Private equity and venture capital firms are eyeing the potential slice of Rs 50,000-crore fund of funds for equity investments into micro, small and ...

Aurobindo Pharma, promoters settle insider trading case with SEBI.

15 Jul

Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani and three other entities have settled an alleged insider trading case with ...

Ensure access to affordable drugs: India at G-20.

15 Jul

India made a pitch at G20 to ensure that professionals and students are not hit by visa issues due to Covid-19 and sought flexibility in the intellect ...

Govt announces 25% cut in TDS/TCS rate for non-salary payments.

14 Jul

The Centre’s move to reduce the rate of tax deducted at source (TDS) and tax collected at source (TCS) by 25% is aimed at ensuring more funds for taxp ...

Govt lowered the statutory contribution by both employee and employer to EPF

14 Jul

The government lowered the statutory contribution by both employee and employer to the Employees’ Provident Fund (EPF) to 10% each of the employ ...

Real estate projects may get 9-month extension.

14 Jul

All real estate projects that had a scheduled completion date on or after March 25 will get six months extension and real estate regulators (RER ...

New MSMEs’ definition without amending laws.

14 Jul

The Centre revised the investment limit of Micro, Small & Medium Enterprises (MSMEs) and introduced an additional criteria of "turnover" as it rev ...

Govt to revive NBFC bond market, offers Rs 75k cr aid.

14 Jul

Non-banking finance companies (NBFCs) that had been at the forefront of lending to small businesses have received a Rs 75,000-crore package that will ...

Govt prescribed Rs. 90000 crore booster for state electric distribution companies.

14 Jul

The government prescribed a Rs 90,000-crore, roughly $12-billion, dose of cash to lift state distribution companies (discoms) out of their finan ...

Nirmala Sitharaman leans on banks, institutions to fund package

14 Jul

The first package in the Atmanirbhar Bharat Abhiyan unveiled by FM Nirmala Sitharaman seems to have leant more on public sector banks (PSBs) and ...

Govt identifies sectors for Tax concessions.

13 Jul

The government has identified close to a dozen sectors, ranging from capital goods, defence, pharma and electronics to labour-intensive ones such as t ...

March factory output drops most in 39 years.

13 Jul

The country’s industrial output contracted by a record 16.7% in March, dragged down by a sharp slide in the manufacturing sector as the initial impact ...

Anil Agarwal to take Vedanta ltd. private in Rs 16,000 crore cash offer.

13 Jul

Metals and mining magnate Anil Agarwal plans to offer Rs 16,200 crore in cash to take the Mumbai-listed Vedanta Ltd private . Vedanta Resources, the L ...

Over 2.7 crore youngsters in their 20s lost jobs in April.

13 Jul

Over 27 million (2.7 crore) youngsters in their 20s lost jobs in April, highlighting the pain inflicted by Covid-19 and the lockdown imposed to ...

IRDAI consolidates changes in Health insurance rules.

13 Jul

Insurance regulator IRDAI issued consolidated health insurance regulations with amendments that include changes made in the recent past.The guid ...

Allow Companies to capitalize Covid losses : Deloitte

13 Jul

To ensure businesses remain functional, industry body FICCI and Deloitte have suggested a two-step restructuring. In the first step, the losses for th ...

Government set to guarantee up to Rs 3 lakh crore loans to MSMEs

13 Jul

The government’s much-awaited stimulus for micro, small and medium-sized businesses is expected to include a provision for additional loans of up to R ...

Lenders want Bad banks to deal with high NPA's.

12 Jul

Lenders led by SBI are pushing for a ‘bad bank’ in the form of an asset reconstruction company (ARC), preferably sponsored by the government, which ca ...

Consumer's spending increased as some areas reopen business.

12 Jul

Signs of a revival in consumer demand are emerging after weeks of a declining trend, as the country gradually opens up for business in the green zones ...

Fresh hiring by top 5 IT companies drops 28% in FY 20.

12 Jul

The top five Indian IT services companies added 65,339 people to their employee headcount in fiscal 2019-20, down 28% from the previous year’s fresh r ...

Rahul Bhatia owned InterGlobe enterprises weighs bid for Virgin Australia.

12 Jul

InterGlobe Enterprises (IGE) is eyeing Australia’s second-largest airline Virgin Australia Holdings .
Virgin Australia entered bankruptc ...

Dishwasher, Vaccum cleaner sales increasing due to lockdown.

12 Jul

Dishwashers, vacuum cleaners, air purifiers and washing machines have suddenly captured the imagination of Indian households, emerging as ...

Centre released over Rs. 6000 crore to 14 states to enhance their resources.

12 Jul

The Finance Ministry released Rs 6,195 crore revenue deficit grant to 14 states to enhance their resources during COVID-19 crisis.
Finance M ...

Govt plans to check china FPI flows

11 Jul

After foreign direct investment (FDI), the government is looking to clamp down on unbridled access to the Indian market by Chinese portfolio investors ...

Need of mask and pre-booked seat to enter the office

11 Jul

A mask as part of your formal dressing accessory, a need to pre-book your seat in the office (with the seat pass being your gate pass), staggered cafe ...

IMPS transfers in April plunge to 2-year low.

11 Jul

The economic impact of the lockdown is reflected in the sharp drop in retail interbank transfers under the Immediate Payment System (IMPS). Transactio ...

Bank staff under pressure to work at full capacity.

11 Jul

With no improvement in the pandemic situation in the country’s metros and large cities, bank staff are feeling the heat as they are being pressed to g ...

Fuel demand halves in April, lowest sales since 2007

11 Jul

Fuel sales nearly halved in April from a year ago as the countrywide lockdown and travel curbs imposed since March 24 to check the spread of the coron ...

No GST on full-time director's salary: AAR.

11 Jul

The controversy on whether remuneration paid to directors of a company is subject to the goods and services tax (GST) has been put to rest by a recent ...

Techie's Medicine helpline gets 1 million calls in a month.

11 Jul

A million calls across seven states resulting in over 70,000 consultations. Those are the numbers, all within a month, in what is turning out to be th ...

US firm Vista Equity buys 2.3% stake in Jio for $1.5 billion.

09 Jul

Reliance Industries (RIL) has enetered into a deal with US private equity firm Vista Equity Partners for another stake sale in Jio Platforms. It will ...

Nomura, Goldman Sachs predicts India’s GDP to contract by 5.2% in FY21.

09 Jul

India’s GDP growth estimate received a clutch of downgrades with Japanese investment bank Nomura and Goldman Sachs forecasting the economy to contract ...

Lockdown period not to be counted for determining residency status of NRIs, foreign nationals.

09 Jul

The finance ministry announced relief to those who have been facing difficulty with the status of their residency in India under section 6 of the Inco ...

Wipro gets labour department notice over benching staff, salary cuts.

09 Jul

The Pune labour commissioner’s office recently issued a notice to technology giant Wipro after receiving complaints of alleged benching of 300 employe ...

Government to borrow 54% more than estimate, fiscal deficit may hit 5.5%.

09 Jul

Weighed down by higher expenses due to the devastating impact of the Coronavirus pandemic on the economy, the government on said it will borrow about ...

Retail has slowly started moving in India.

09 Jul

After suffering an estimated turnover loss of more than Rs 55,000 crore during the 40-day lockdown, automotive retail chain in the country has started ...

SEBI asks Franklin to focus on returning the investor's money that stuck in six funds.

08 Jul

SEBI has come down heavily on Franklin Templeton Mutual Fund for its global chief Jennifer M Johnson’s comments that one of the reasons for the closur ...

SBI cuts lending rate by 15 basis points, launches scheme for senior citizens.

08 Jul

SBI reduced its marginal cost of lending rate by 15 basis points (100bps = 1 percentage point). The bank also said that, effective from Ma ...

Stimulus must be in line with tax-GDP ratio said CEA Krishnamurthy Subramanian.

08 Jul

Chief economic adviser (CEA) Krishnamurthy Subramanian is optimistic that the Indian economy will stage a better recovery once the Covid-19 outbreak s ...

Yes bank plans to raise Rs.15000 crore by june, as Q4 result Shows elevated bad assets.

08 Jul

Yes Bank plans to create a ‘bad bank’ out of its non-performing assets (NPAs) by hiving off its bad loans into a separate unit and offering the same t ...

Tata Motors to withdraw Rs 1,000 cr NCD issue due to tight money market conditions

08 Jul

The company has decided to withdraw the issue for private placement of unsecured NCDs in view of the higher cost expectations from the market particip ...

Food companies miss Ramzan demand in lockdown.

08 Jul

A subdued Ramzan this year due to the lockdown is proving to be a lost marketing opportunity for several packaged foods companies.Branded produc ...

Glaxo, Horlicks to sell 6% stake in HUL for Rs.26k crore.

07 Jul

Horlicks and GlaxoSmithKline PTE together are set to sell nearly 13.4 crore shares of FMCG major Hindustan Unilever (HUL).
The transaction will be ...

Government is fast tracking the move to amend definition of MSME's.

07 Jul

The government is fast-tracking the move to amend the definition of micro, small and medium enterprises (MSMEs) to allow these entities to grow in siz ...

Walmart gains from corporate tax cut in India.

07 Jul

Walmart’s annual filings have revealed that the corporate income tax cut in India last year helped its earnings per share (EPS) by 11 cents during the ...

Frxanklin global chief says SEBI's october 2019 rules led to closure of debt schemes.

07 Jul

Franklin Templeton’s global CEO Jennifer M Johnson has blamed markets regulator Sebi’s October 2019 decision to allow mutual funds to invest only 10% ...

Govt to push reforms in sectors with stimulus.

07 Jul

Wiser from the 2008 experience, the government is looking at pushing reforms in sectors that will be getting the much-anticipated stimulus as part of ...

Liqour shares slump as state raise excise duty.

07 Jul

Shares of spirits and beer companies were down for the second consecutive day after Karnataka followed other states in raising excise duty on alcohol. ...

Services PMI falls to record low of 5.4 in April

07 Jul

Services followed manufacturing in touching a historical low as the Purchasing Managers’ Index (PMI) for Services dipped to a mere 5.4 in April as aga ...

Bank's fresh credit decline by 64% in FY20.

06 Jul

Banks gave out fresh credit, through bonds and loans, of only Rs 6 lakh crore in FY20 — a drop of 64% from Rs 16.8 lakh crore that they handed out to ...

Reliance Industries plans to buy e-pharmacy Netmeds.

06 Jul

Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce. T ...

Government allows companies to hold AGM through video conferencing mode

06 Jul

The government has allowed companies to conduct annual general meetings this year through video conferencing and other audio-visual means amid the cor ...

Over 50% banks agree to provide relief to Micro finance sector.

06 Jul

Over half of the bank lenders to the microfinance sector have extended a moratorium on their loans. While some microfinance institutions (MFIs) have b ...

Shops can provide cash withdrawal facilities to customers using UPI.

06 Jul

Shops that have been onboarded by lenders for acceptance of electronic payments can provide cash withdrawal facilities to customers of all banks using ...

Malls, high streets staring at 15-20% vaccant space as retailers going to shut stores.

06 Jul

Malls and high streets could be staring at 15-20% of vacant real estate space as many retailers are looking to shut unprofitable stores due to c ...

One in 4 employed lost job across India in March-April.

06 Jul

A jobs crisis is staring the country in the face as several crucial sectors of the economy have been severely impacted by the coronavirus-triggered lo ...

RBI may ease rules for provision, NBFC'S to get funds.

05 Jul

Lenders both banks and non-banks are likely to get relief in provisioning requirements from the Reserve Bank of India (RBI) with non-banking finance c ...

Factories ready to resume operations under strict hygiene and tough norms.

05 Jul

The country's mega manufacturing engine is taking baby steps towards opening factories, but under strict hygiene and social distancing norms. Many pla ...

Manufacturing Purchasing Managers’ Index (PMI) dips to record low of 27.4 in April.

05 Jul

India’s manufacturing activity plummeted to a record low in April as the coronavirus lockdown imposed by the government forced factories to shut down ...

Curefit lays off 10% of its trainers, other staff; cuts pay across board

05 Jul

Fitness-to-food delivery startup Curefit is laying off 800-1,000 people ,roughly 10% of their total staff across the group. The affected employees inc ...

AU Small Finance bank's Q4 net profit rises 3.46%% to Rs 122.32 crore as compared to Q4 of 2019.

05 Jul

AU Small Finance bank's net profit rose 3.46% to Rs 122.32 crore in Q4 March 2020 as against net profit of Rs 118.23 crore in Q4 March 2019.Total inco ...

Pay loan companies like Loanwalle.com, Early salary has stopped fresh funding disbursements.

05 Jul

Lenders who offer loans to salaried employees have been choked as fresh loan disbursements have been impacted due to the on-going liquidity crisis, de ...

After Facebook, Silver Lake ( US firm) to pay $750 million for 1.2% stake in Jio.

05 Jul

After Facebook, US-based private equity firm Silver Lake will pay Rs 5,656 crore ($750 million) to acquire 1.15% in the digital and telecom unit ...

Cash flows for companies dry up due to lockdown

04 Jul

Cash flows, the lifeline of businesses, are drying up fast. Some companies are struggling to pay salaries to employees, while some are looking at wind ...

State governments face huge revenue shortfall due to lockdown.

04 Jul

Uttar Pradesh government has spent over Rs 12,000 crore in paying salaries and pension for April, when its revenues were Rs 2,284 crore. It’s a s ...

Around 99% depositors of CKP co-operative bank will get their full payments.

04 Jul

The RBI has said that of the 1.3 lakh depositors of CKP Co-operative Bank, about 99.2% will get full payment of their deposits from the Deposit Insura ...

Credit risk funds saw 26% slide in their total assets under management (AUM).

04 Jul

In just one week after Franklin Templeton MF’s shock-decision to close down six of its debt funds late on April 23, all the credit risk funds, the hig ...

Govt panel seeks review of 5G spectrum base price.

04 Jul

A high-level panel on National Infrastructure Pipeline has sought a review of the base price for 5G spectrum auctions, arguing that the reserve price ...

Jio mart ramps up operations with credit facility and incentives.

04 Jul

Reliance’s JioMart is ramping up operations, intensifying the grocery wars through its kirana commerce pilots with messaging application whatsapp .Sin ...

The new secretary of MSME said that they will ensure survival of small bunsiness.

04 Jul

Arvind Kumar Sharma, the new secretary for micro, small and medium enterprises (MSMEs), has said that it is imperative to protect the backbone o ...

Businesses are treading cautiously on resumption of operations at plants.

02 Jul

Businesses are treading cautiously on resumption of operations at plants, despite the government signalling a graded opening up and allowing offices i ...

Yield on AT1 bonds increase due to dumping of mutual funds.

02 Jul

Yields on some additional tier-1 (AT1) or quasi-equity bonds issued by nationalised banks and some non-bank papers have risen to over double the ...

Lockdown brings auto industry's April sales to Zero.

02 Jul

It was a painful first month of fiscal 2020-21 for the auto industry that registered nil sales in April amid the lockdown and retail as well as mobili ...

E-commerce looking to start servicing orders in orange and green zones.

02 Jul

E-commerce companies are looking to start servicing orders for both essentials and non-essentials in orange as well as green zones after the lat ...

Smart phone market suffers the worst decline ever in Q1 2020 due to Covid-19.

02 Jul

According to IDC’s Quarterly Mobile Phone Tracker, smartphone makers shipped 275.8 million devices in Q1 2020, an 11.7 per cent drop from the same per ...

Apple Quarterly revenue grew by 1%, but didn't provide the forecast for the first time.

02 Jul

Apple Inc. reported quarterly revenue that grew 1%, but didn’t provide a forecast for the first time in more than a decade, sparking concern that perf ...

LPG cylinder price cut by a record ₹162.50

02 Jul

Non-subsidised LPG or market-priced cooking gas prices were cut by a record ₹162.50 per cylinder , in line with the slump in benchmark international r ...

PM Modi signals push to attract firms that exit China to India

01 Jul

Prime Minister signalled a major push to boost investments in the country and capture a part of the supply chain that is expected to move out of China ...

RIL announces biggest rights issue of Rs 53,125 crore; share sale at 14% discount.

01 Jul

Reliance Industries, India’s most valued company, plans to raise Rs 53,125 crore through a rights offer at Rs 1,257 a share, a 14% discount to the sto ...

Reliance industries reports 37% drop in Q4 at Rs. 6546 crore.

01 Jul

Reliance Industries’ profit fell 37% to Rs 6,546 crore in the fourth quarter of fiscal 2020.Cash increased to Rs 1.75 lakh crore, compared with Rs 1.5 ...

SC asks RBI to examine if banks are passing loan moratorium benefits

01 Jul

The Supreme Court directed the Reserve Bank of India (RBI) to ensure that its circular on the three-month moratorium on loan repayment between March 1 ...

Eight core sector monthly growth fall by 6.5% in march, biggest fall in 8 years.

01 Jul

The eight core sector industries, which account for over 40% of the index of industrial production (IIP), slumped 6.5% in March the steepest monthly f ...

Steepest fall in demand for energy since World War II.

01 Jul

The International Energy Agency said renewables will be the only energy source that will be resilient to the coronavirus pandemic wiping out dem ...

Electric vehicle companies modify product strategy, defer capital expenditure to meet post Covid scenario.

01 Jul

The electric vehicle industry is preparing for life after lockdown by deferring capex and tweaking its product strategy to focus on new and emerging s ...

Nielsen has downgrade its annual growth forecast for FMCG sector to 6 % for year 2020.

01 Jul

Market research firm Nielsen revised its outlook for the growth of the FMCG segment, downgrading it from 9-10% to 5-6% for this year as a consequence ...

Salary cuts, layoff and leave reduction announced by companies.

30 Jul

A number of companies are looking at ways to cut costs, as the Covid-19 pandemic plays havoc with consumer demand. Hardcastle Restaurants, plans ...

Supreme Court asks I-T department to refund Rs 733 crore to Vodafone Idea

30 Jul

The Supreme Court granted partial relief to Vodafone Idea Ltd by asking the income tax (I-T) department to refund Rs 733 crore to the telecom firm wit ...

Govt makes plan to boost FDI flows.

30 Jul

The government has begun consultations with stakeholders on ways to step up foreign investment into the country, with commerce and industry minister P ...

Industry has sought clarity from govt on guidelines issued for restarting units.

30 Jul

Indian industry has sought fine-tuning of guidelines for restarting units and has demanded greater clarity on rules to ensure that business entities a ...

After govt order Business are seeking health covers for staff to restart operations.

30 Jul

Businesses are queuing up to buy group health covers after a government order requiring companies to mandatorily provide insurance for workers i ...

Companies announced "lockdown offers" on luxury products to customers.

30 Jul

With dealerships shut and uncertainty over when retail will open up, companies have started to roll out ‘lockdown offers’ to prospective custome ...

Empty manufacturing plants may lose property cover

29 Jul

Large manufacturing plants that have fallen silent due to the lockdown risk losing their insurance cover if the Covid-19 induced restrictions get exte ...

Disaster planning top priority for India inc.

29 Jul

Disaster planning for business continuity and survival has emerged as the top priority for organisations as recovery from Covid-19 is expected t ...

Government considering ordinance route for Companies Act amendments.

29 Jul

The government is considering a fresh ordinance to amend the Companies Act to decriminalise several offences, apart from allowing Indian companies to ...

VPN norms relaxed for IT industry till July end.

29 Jul

As uncertainty over the lockdown remains, the government has decided to extend the relaxed connectivity norms for virtual private networks (VPNs) appl ...

Whatsapp looks at lending after payments nod.

29 Jul

WhatsApp is looking at lending to its customers in India, according to one of its objectives of operations listed in its memorandum of association (Mo ...

Axis will buy 29% in Max Life, awaits regulatory nod

29 Jul

Axis Bank’s board approved a deal with Max Financial Services to buy a 29% stake in Max Life Insurance for an undisclosed cash consideration. Th ...

RBI opens a Rs 50,000 crore special funding line for Mutual Funds.

28 Jul

The RBI provided a special facility with an initial corpus of Rs 50,000 crore for mutual funds to borrow from it using the banking channel.It is open ...

RIL to finalise first right offers in 29 years on April 30.

28 Jul

Reliance Industries (RIL), India’s most valued company, is planning a rights issue its first fund-raise from the public in 29 years. The co ...

No Call yet on monetising fiscal deficit said RBI governer.

28 Jul

The Reserve Bank of India (RBI) governor Shaktikanta Das has indicated that the fiscal deficit target of 3.5% will be breached this year, but he said ...

Jio-Facebook alliance may go beyond kirana stores.

28 Jul

The partnership between India’s largest conglomerate Reliance Industries and US social media giant Facebook could expand beyond the scope of just onbo ...

Shapoorji Pallonji arm to sell solar assets worth $204 million to KKR

28 Jul

Shapoorji Pallonji (SP) Group plans to sell $1 billion worth of green energy and other infrastructure assets to augment its balance sheet. It so ...

New HR policy for Work from home will come soon.

28 Jul

After more than a month of national lockdown, both employers and employees have eased into a new way of working i.e.work from home (WFH). WFH, h ...

Franklin Templeton marks down six Fund of funds FoF.

27 Jul

Franklin Templeton MF, the troubled fund house that was forced to close six of its debt funds due to extreme liquidity in the market, has marked down ...

Govt. looks at reforms in agriculture,manufacturing sectors.

27 Jul

The Centre is examining a “significant number” of reforms along with staggered stimulus packages aimed at various stressed sectors of the economy as p ...

Top rated companies wants to defer loan repayments.

27 Jul

A couple of triple-A-rated companies and those belonging to top business groups have sought relief on loan repayment. The fact that these companies ha ...

US Stimulus will be positive for IT industry.

27 Jul

Infosys CEO Salil Parekh said the fiscal stimulus that most western economies have announced, especially the US, is a huge positive for the IT i ...

Government may stand guarantee for extra funds to bail out MSMEs

27 Jul

The government is considering a proposal to provide guarantee to micro, small and medium enterprises, for accessing additional working capital. Banks ...

50 IRS officers face probe for unsolicited hike-tax call

27 Jul

An annoyed government distanced itself from controversial tax proposals such as a Covid-19 cess and a wealth tax on the rich from a group of revenue s ...

After the 6 debt funds closure, AMFI rushes in for damage control.

25 Jul

Association of Mutual Funds in India (AMFI) said that the Franklin Templeton incident was an isolated one and there was ample liquidity in the s ...

States can amend law to increase fiscal deficit over the target rate of 3% of GDP.

25 Jul

While acknowledging that states may face difficulties in raising resources due to Covid-19, 15th finance commission chairman N K Singh said that they ...

Indian Forex Reserves grows $3 billion to $480 billion on rising dollar, gold

25 Jul

India’s forex reserves rose by $3 billion during the week ended April 17 to $479.6 billion. Half the increase was because the value of gold held by th ...

Oil heads for another weekly slide on coronavirus turmoil.

25 Jul

Oil prices rose on 24th April, but both the Brent and US benchmarks were on track for their third straight week of losses as global production shutdow ...

Companies see cah as king, cut Capex Plan

25 Jul

Bogged down by the coronavirus-related lockdowns, India Inc has decided to adopt a strategy of financial prudence for the new fiscal year. As costs re ...

During Lockdown, edutech and healthcare companies look to hire fresh talent.

25 Jul

Companies witnessing a business swell due to Covid, be it edu tech or healthcare startups, are going a step further and recruiting more hands to meet ...

India post delivers Rs. 412 crore cash to doorsteps during lockdown.

25 Jul

The lockdown has set off a banking revolution. Irrespective of which bank you have an account within a city or a village without a branchyou can call ...

After RIL’s kirana play, Amazon moves to woo neighbourhood stores

24 Jul

The Amazon said it has on-boarded 5,000 offline retailers across categories on its platform under what it calls 'Local Shops'. Started as a pilot six ...

Retailers deliver to Resident Welfare Associations in bulk.

24 Jul

Large chain retailers have tied up with resident welfare associations (RWA) across the country to deliver essential products like bulk groceries insid ...

Top companies, PSUs set to issue over Rs 45,000 crore bonds in April

24 Jul

Despite the lockdown, Indian corporates and PSU's have raised over Rs 30,000 crore the highest ever by selling short-term to medium- ...

Banks avoid NBFC lending , applied for 50% of RBI's finance.

24 Jul

Small non-banking finance companies continued to be shunned by banks, which availed only half of the Rs 25,000-crore refinance offered by the RBI for ...

Remittances to india projected to fall by 23%

24 Jul

Remittances are projected to fall by about 23% in 2020 to $64 billion In India , a striking contrast with growth of 5.5% and receipts of $83 billion s ...

Indigo will not cut salary for april for most employees.

24 Jul

At a time of endemic pay cuts and layoffs across all sectors, IndiGo has decided to pay full salary for April to a majority of its employees. La ...

Franklin Templeton to shut 6 debt funds.

24 Jul

Franklin Templeton Mutual Fund, has decided to close down six of its debt funds, which currently manage nearly Rs 25,900 crore in all. The move is due ...

RIL plans to bring kiranas closer to consumers

23 Jul

At the centre of the Reliance-Facebook deal is the commercial partnership between Reliance Retail and WhatsApp to push out what it calls new commerce, ...

Government readies lifeline for producers as Brent hits 21-year low

23 Jul

With International benchmark Brent dipping just below $16 , the oil ministry has proposed a set of measures to help domestic oil producers .The option ...

Abu Dhabi royal invests Rs 7,600 crore in retailer LuLu

23 Jul

An Abu Dhabi investment firm, led by Sheikh Tahnoon Bin Zayed Al Nahyan of the ruling family, invested nearly $1 billion (Rs 7,600 crore) in LuL ...

Facebook-Reliance Jio: Competition panel needs to clear deal

23 Jul

Given the size of the transaction, pegged at Rs 43,574 crore, Facebook’s deal with Mukesh Ambani’s Reliance Jio will need to be cleared by anti-trust ...

Facebook deal may keep RIL on road to zero-debt plan

23 Jul

The $5.7 billion (Rs 43,574 crore) investment by Facebook in Jio Platforms will help Mukesh Ambani deleverage Reliance Industries’ (RIL) balance ...

Railways offers to supply 2.6L meals daily, says states can pay later

23 Jul

The railway ministry has offered to supply 2.6 lakh meals daily at Rs 15 each from railway kitchens across the country wherever the district administr ...

Up to 7 years’ jail for attack on health workers.

23 Jul

The cabinet approved an ordinance making acts of violence against doctors and frontline personnel a cognisable and non-bailable offence punishable wit ...

Retailers discussing for Revenue share model from mall owners.

22 Jul

Top retail companies, including Future Group, Aditya Birla, Arvind, Raymond and Litebite Foods, are in discussion with mall owners to move into a pure ...

Crude oil price crash will ease some Covid-19 pain for India.

22 Jul

US crude WTI sank into negative territory for the first time in history at -$37/barrel and Brent, the benchmark for two-thirds of the global oil trade ...

HC quashes criminal prosecution of 2 former Infra leasing & financial services ltd auditors.

22 Jul

In a major relief to former Infrastructure Leasing & Financial Services (IL&FS) auditors BSR & Associates (a KPMG-affiliated firm) and Del ...

Exporter face losses on forward $ contract.

22 Jul

Many exporters who have sold their anticipated dollar revenues in the forward market are staring at a crisis as they risk losing millions. While the d ...

WhatsApp’s new update now allows 8 users in audio, video calls

22 Jul

WhatsApp has increased the limit on the number of participants who can join a video call from 4 to 8. “WhatsApp is rolling out the new limi ...

Oil in negative zone: MCX buyers face Rs 410 crore fund dues

22 Jul

The negative closing for WTI crude on the Nymex has caught a large number of Indian buyers of crude oil contracts on the MCX here on the wrong foot. T ...

HC order on Indiabulls Non convertible debentures dues puts MFs in tight spot

21 Jul

An order of the Delhi high court obtained by private sector lender Indiabulls Housing Finance against markets regulator Sebi has put mutual fund house ...

Government to issue Rs 4.5 lakh crore treasury bills in Q1 FY21

21 Jul

With ample liquidity currently available in the banking system, the government has decided to borrow an additional Rs 1.50 lakh crore that is 50% more ...

China investment arms use P-Note, FPI routes too

21 Jul

It’s not only direct investments like in HDFC in which the neighbouring country’s People’s Bank of China (PBoC) now has 1% stake. China, through ...

Infosys Q4 net up 6.3%, suspends FY21 guidance citing uncertainty

21 Jul

The country's second-largest IT services player Infosys reported a 6.3 per cent rise in consolidated net profit to Rs 4,335 crore for March 2020 quart ...

Treat ad costs as investment, give tax relief: AAAI to government

21 Jul

The business of advertising agencies has shrunk by more than 70% following the spread of Covid-19 and the subsequent lockdown. In a recommendation to ...

Paytm cuts losses 20% as e-pays fall

21 Jul

Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments has been cutting costs at a rate of 15-20% in the l ...

Auto, Phone companies have to wait for local clearance to restart factories.

20 Jul

The Union government’s plans to restart industrial activity in a staggered manner may have to wait as several states are yet to release operational gu ...

Government to chart plan for higher investments.

20 Jul

The government is beginning to reach out to domestic and global investors to work out a strategy for higher investments and reduced reliance on import ...

FPIs pull out Rs 12,650 cr in April amid Covid-19 turbulence

20 Jul

Foreign portfolio investors (FPIs) have withdrawn a net Rs 12,650 crore from the Indian capital markets in April so far amid the coronavirus crisis.Be ...

Cognizant technology solutions hit by "MAZE" ransomeware attacks.

20 Jul

Tech major Cognizant Technology Solutions (CTS) has said that it was a victim of ransomware attack .The anonymous hackers group behind Maze attacked t ...

Sebi weighs options to aid MFs in moratorium spot

20 Jul

Markets regulator Sebi is debating how it can help mutual funds and NBFCs to tide over the current difficult situation .The RBI being the lender of th ...

E-tail growth may fall to zero after government’s U-turn

20 Jul

India, which is pegged as the world’s fastest-growing online retail market, is not expected to grow in 2020.The industry faces an indefinite closure o ...

Government wary of tax cuts, may offer funding to keep businesses afloat

20 Jul

Support for businesses hit by the pandemic and the lockdown can come in the form of measures like a higher working capital limit to help them tide ove ...

RBI announces 2nd Rs 1 Lac crore lifeline, prompts banks to lend more

18 Jul

Three weeks after it unveiled its first package on March 27 for an economy battered by the Covid-19 pandemic, the Reserve Bank of India sought to ensu ...

TVS Motor Company acquires Britain’s Norton Motorcycles

18 Jul

TVS Motor Company announced successful acquisition of Britain’s iconic sporting motorcycle Norton, in an all-cash deal for a consideration of GBP16 mi ...

FMCG sales hit in March 4th week on supply chain woes

18 Jul

After posting a high double-digit growth in first three weeks of March, FMCG sales across channels dipped sharply in the last week as supply chain hur ...

RBI’s relief for non-banking financial institution to support real estate sectors, small business.

18 Jul

The Reserve Bank of India (RBI) allowed real estate developers up to one more year to start repayment of loans availed from non-banking financia ...

Now, non-hyperlocal delivery firms help ease supply woes

18 Jul

It takes upto 5 days to get a slot for grocery delivery from online grocery platforms such as BigBasket or Grofers.Following food delivery firms which ...

RBI allows states to borrow Rs 19k cr more through WMA option

18 Jul

The RBI has allowed states to borrow about Rs 19,200 crore more from it through the Ways & Means Advance (WMA) window.The central bank said states ...

Govt readying stimulus for corporates, relief for poor

17 Jul

The government is giving the final touches to a comprehensive stimulus package that aims to address the concerns of the common man as well as the corp ...

E-comm players can deliver non-essentials

17 Jul

In a major relief to consumers, ecommerce companies will be allowed to deliver essential and non-essential items from April 20, even as firms step up ...

Rupee to average at 77 against dollar in 2020

17 Jul

Fitch Solutions on Tuesday revised down its forecast for the Indian rupee, saying the currency will average 77 per US dollar in 2020 and 80 in 2021 am ...

ICICI Bank seeks rent waiver from landlords

17 Jul

ICICI Bank has asked all its operating offices to seek a complete waiver on rental payments till the time the country is under lockdown to cushion the ...

Pricol invokes ‘force majeure’ as ‘matter of precaution’

17 Jul

Coimbatore-based automotive component and precision-engineered product maker Pricol has invoked the force majeure clause against all its suppliers and ...

E-tailers may get to sell electronics from Apr 20

16 Jul

Consumers looking to buy more than just daily groceries may be in for some relief as e-commerce majors are getting ready to accept and ship orders aft ...

Factories enforce strict hygiene, distancing norms

16 Jul

Compulsory passage through disinfectant tunnels, mandated quarantine zones, limited workforce, wearing of masks and gloves at all times, strict social ...

Labour crunch likely to hit India Inc's plan to reboot business

16 Jul

The government has permitted manufacturing and other industrial establishments to operate from April 20, but the big question is how will they bridge ...

RBI’s bond refinance cap at 10% of a single issuer

16 Jul

To ensure that the cheap refinance it provides to banks is not cornered by large corporates, the Reserve Bank of India (RBI) has tightened rules for t ...

Exports fall at fastest pace in 25 years in March

16 Jul

India’s exports contracted by 34.5 percent in March, the steepest monthly fall in at least 25 years, as overseas demand remained lackluster due to the ...

IT-ITeS allowed to resume work

16 Jul

The Ministry of Home Affairs on Wednesday permitted information technology (IT) and IT-enabled services firms to function at 50 percent strength begin ...

Government taps logistics firms to link consumers with kirana shops

15 Jul

The government is ready with a scheme to get Kirana stores to directly deliver essential goods at your doorstep using the network of logistics firms t ...

IMF projects India's growth rate at 1.9% in 2020, forecasts global recession due to COVID-19

15 Jul

The International Monetary Fund (IMF) on Tuesday projected a gross domestic product (GDP) growth of 1.9 percent for India in 2020, as the global econo ...

Amazon stock hits record high on hopes for a coronavirus-related boom

15 Jul

Amazon.com Inc. shares closed at a new high, as the e-commerce and cloud-computing powerhouse continued to be seen as a safe target for investors in a ...

HDFC proposes stressed real estate fund with SBI

15 Jul

HDFC chairman Deepak Parekh has said that the corporation would talk to State Bank of India (SBI) to set up a stressed real estate fund with the parti ...

Apparel makers push WFH dressing

15 Jul

As working from home is catching up, apparel and lifestyle companies are clinging on by launching their own work from home line-up.With the fine line ...

Capgemini India raises salary for 70% staff, grants allowances

15 Jul

In a move that is seen as a benevolent gesture in the time of the COVID-19 crisis, French tech major Capgemini, which employs nearly 1.2 lakh people i ...

Centre to track prices of 22 food items in 114 cities

14 Jul

Amid concerns over depleting stock of essential items, the Centre has decided to track the prices of 22 essential food items in 114 cities and other c ...

RBI goes all out in MPC meet to tackle crisis

14 Jul

RBI governor Shaktikanta Das had called for “all-out” efforts to protect the domestic economy from the adverse impact of the COVID-19 pandem ...

PE & VC deal-making set for further dip in June quarter.

13 Jul

Private equity (PE) and venture capital (VC) investments, which were already down 20-40% during the March quarter, are expected to come to a grinding ...

Liquor companies seek nod for online, on-call sale

13 Jul

There may be good news for tipplers. Liquor companies have petitioned the central and state governments to allow online sale as well as oncall p ...

Banks stock up on cash to keep ATMs full

13 Jul

Banks are keeping two-and-half to three times more cash across their network to ensure that there is no dearth of currency at branches or ATMs at a ti ...

Dont use lockdown time in moratarium to declare NPA's.

13 Jul

To balance the rights of two borrowers defaulting since January 15, 2020 and ICICI Bank, during the Covid-19 crisis, the Bombay high court said ...

The department of promotion of industry and internal trade (DPIIT) has sought opening up 16 manufacturing segments.

13 Jul

The department of promotion of industry and internal trade (DPIIT) has sought opening up 16 manufacturing segments - from food and beverages to auto, ...

Top NBFC's may not get RBI repreive.

13 Jul

The country’s top NBFCs that are actively monitored by the RBI have around Rs 65,000 crore of bank debt maturing in three months and may not get any r ...

Risk of non- payment of debt of Rs 1.75 lakhs crore by NBFC.

11 Jul

Debt worth Rs 1.75 lakh crore, maturing by June 2020, may be at risk of not being paid if the RBI does not move quickly to cla ...

Retailers put limits on purchasing of essential food items.

11 Jul

With shortages across products, many large retail chains across the country are putting restrictions on how much a customer can purchase at a time to ...

Industry readies plans for resuming factories after lockdown.

11 Jul

A leading consumer durables company has begun sanitising its plant in north India for a possible opening-up after three weeks of lockdown due to ...

India to stay centre for global energy demand: oil minister at G-20 Summit.

11 Jul

Energy ministers of G20 countries backed the deepest-ever production cut deal to rebalance the global oil market, with India and Saudi Arabia represen ...

Reinsurers’ policies not to cover pandemics

11 Jul

Most Indian organisers, like the Indian Premier League (IPL), missed out on a pandemic cover for events because the markets started shutting down soon ...

Kirana-supplying B2B cos see orders rise 60%

11 Jul

India’s business-to-business (B2B) commerce startups like Udaan, Jumbotail, WayCool and Ninjacart which supply groceries and vegetables to tens ...

Global eco expected to slump in recession.

10 Jul

The Reserve Bank of India’s monetary policy report released shows that while inflation is expected to be lower than expected, the coronavirus pa ...

Dal, atta , biscuits, noodles supply hit.

10 Jul

There is an acute shortage of staples like rice, atta and dal, and packaged foods like instant noodles, biscuits and snacks in many retail stores and ...

Factory output at 7 month high of 4.5% in feb.

10 Jul

The country’s industrial output growth rose to a seven-month high in February, led by a robust expansion in mining, manufacturing and electricity. But ...

Food delivery companies share staff’s temperature readings

10 Jul

India’s largest food delivery platforms like Zomato, Swiggy and Rebel Foods, which runs brands Behrouz Biryani and Ovenstory, and tea chain Chaayos ar ...

Indian can meet global HCQ demand with domestic.

10 Jul

Ipca Labs has said there is a large supply of hydroxychloroquine (HCQ), the much-touted drug being used for treating certain Covid-19 patients, ...

IMF warns of worst fallout since Great depression.

10 Jul

Global growth will turn sharply negative in 2020, and the International Monetary Fund (IMF) anticipates the worst economic fallout since the Great Dep ...

Pharma FMCG stocks come as outliners during lockdown.

09 Jul

At a time when almost every sector is struggling with production and revenue generation and staring at probable losses due to coronavirus-related issu ...

Commerce department pitches for limited restarting of manufacturing.

09 Jul

The commerce and industry ministry has pitched for resumption of manufacturing activity, especially for exports, in a limited manner, with companies f ...

Nasscom seeks govt help for benched employees.

09 Jul

IT industry body Nasscom is seeking a financial package from the government to save the jobs of employees in business process management (BPM) firms a ...

Fuel demand likely to fall by 40% in April.

09 Jul

India's fuel demand, after falling by around 20 per cent in March, is likely to decline further to 40 per cent in April, impacting pricing and increas ...

3.5 lakh trucks carrying Rs 35,000 crore goods stranded on roads

09 Jul

An estimated 3.5 lakh inter-state trucks carrying goods worth over Rs 35,000 crore are stranded on roads, outside factories and godowns, accordi ...

Maruti's production fell by 32% in march.

09 Jul

The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 per cent in March.The company produced a total of 92,540 un ...

GDP to grow 1.6% IN FY21 as per Goldman sachs.

09 Jul

India’s GDP growth is estimated to plunge to 1.6% for fiscal year 2021due to the impact of the Covid-19 pandemic, down from the earlier projection of ...

Auto parts companies face late payments.

08 Jul

Payments to over 200 component suppliers in the auto industry will be partial and delayed as car makers Renault and Nissan, top two-wheeler seller Her ...

Kirana store come to rescue of their customers

08 Jul

Consumers are at their wits’ end. They wholeheartedly endorsed e-commerce as a new medium of ordering anything and everything including grocery in the ...

SBI reduces savings account interest rate to 2.75%.

08 Jul

The country’s largest lender, State Bank of India (SBI), announced today that it has cut interest rates on saving accounts by 25 basis points. With ef ...

Price hike by chinese suppliers hit Indian companies

08 Jul

Chinese suppliers have raised prices of components by 2% and TV panels by 15%, piling more misery on the domestic consumer durables sector, Indi ...

Markets jittery over rising state bond yield.

08 Jul

The bond market is factoring in higher costs on states due to the pandemic, which could stretch their finances in the next few years.In recent state l ...

Zydus cadila boost HCQ production 10X

08 Jul

Zydus Cadila, one of the two largest manufacturers of key Covid drug hydroxychloroquine (HCQ), has ramped up its production by nearly 10X to 30 metric ...

Over 20% export orders cancelled.

07 Jul

Covid-19 has led to exporters bleeding with upwards of 15-20% of the orders getting cancelled and a major amount of funds being locked up, owing to no ...

Internet becomes biggest source for information and entertainment.

07 Jul

Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making ...

Staffing companies fears job cut after lockdown.

07 Jul

Nearly 3.5 million employees who are on the rolls of various staffing companies are on tenterhooks as they wait for reopening of factories and o ...

Companies use halted plants’ kitchens to feed migrants

07 Jul

Factories are shut and workers are sitting idle. What better use could corporates have made of their factory kitchens in these unprecedented times, ot ...

Difficulty in getting new mobile connection as retail stores shut.

07 Jul

Issuance of new mobile connections has come to a complete halt during the lockdown, with retail stores of telecom companies being shut, thereby making ...

Retailers requested to add more items to key list of essential goods.

06 Jul

Retailers have sought inclusion of more items in the list of essential goods that consumers should be allowed during the lockdown due to the coronavir ...

Demand for summer products set to get hit.

06 Jul

The coronavirus cloud has taken the wind out of the sails of summer products such as air-conditioners, ice-creams, soft drinks, frozen desserts and re ...

Personal loans are now 28% of total bank credit.

06 Jul

The share of personal loans in the books of banks has outgrown credit to large industry over the last 12 months. Home loans are now the single biggest ...

IRDAI gives 30 more days to pay life insurance premium.

06 Jul

IRDAI has given 30 extra days for life insurance policy holders to pay their premium if it was due in March and April 2020.On March 23, IRDAI ha ...

Companies see sharp impact on revenues, profits, jobs.

06 Jul

The coronavirus outbreak and the subsequent country-wide lockdown has deeply impacted India's economy, with a majority of the firms expecting a signif ...

Co- working companies waive rents, give offers to retain clients.

06 Jul

Several co-working space providers have waived rentals, or are providing rental discounts, for their customers for April, since most customers are not ...

Govt eases rules to aid supply chain.

04 Jul

Facing repeated complaints over issue of passes for essential services, the government eased rules as part of its latest set of efforts to supply good ...

Global companies pledge not to lay off staff.

04 Jul

A number of global companies most with large presence in India have assured employees that there will be no or insignificant layoffs while the Covid-1 ...

Users struggle to buy, repair key tech items.

04 Jul

Thousands of families across the nation are facing a hard time due to their gadgets malfunctioning at the ‘wrong time’. With lockdowns in place, neith ...

RBI halves market hours for Forex market and Govt securities.

04 Jul

The Reserve Bank of India (RBI), in an unprecedented move, cut market trading hours for both bonds and foreign exchange to four hours, citing possible ...

Fitch cuts growth forecast to 30-yr low of 2% for FY21

04 Jul

The Manila-based Asian Development Bank (ADB) has projected that India's GDP growth will slow to 4% in the current financial year (2020-21) due to a w ...

NBFC write to FM for three months mortarium.

04 Jul

Non-banking finance companies (NBFCs) have written to the finance minister seeking relief under the three-month moratorium scheme announced by t ...

Real estate,airlines, auto dealers to be worst hit by coronavirus.

03 Jul

Real estate, airlines, auto dealers, gems & jewellery and steel are the sectors that are expected to be the worst hit and have the least resilienc ...

E-retailers customers have to wait longer for their refunds.

03 Jul

Thousands of merchants whose non-essential item orders were cancelled on Amazon India and Flipkart have to wait longer to get their payments cleared. ...

95% of 3 banks services from any branch.

03 Jul

A three-way merger has resulted in Punjab National Bank (PNB) emerging as the second-largest lender in the country. From the public face perspect ...

Validity of Health and Motor vehicle Insurance extended till April 21.

03 Jul

The Finance Ministry announced that the validity of health and motor vehicle insurance policies has been extended till April 21 in view of the n ...

March factory activity grows at slowest pace in 4 months

03 Jul

Factory activity in the country grew at its slowest pace in four months as the impact of the coronavirus pandemic weighed on sentiment, clouding the b ...

HUL is the new owner of Horlicks, Boost.

02 Jul

The merger of GlaxoSmithKline Consumer Healthcare (GSKCH) with Hindustan Unilever (HUL) one of the largest FMCG deals is complete. Now, the board of H ...

Government misses FY20 revised selloff target by Rs 15,000 crore

02 Jul

The government missed its revised disinvestment target for 2019-20 and fell short by nearly Rs 15,000 crore, getting hit by the impact of Covid-19 on ...

E-retailers demanded national Passes for movement of goods.

02 Jul

Online retailers have demanded national passes for the movement of goods, a proposal that is likely to be shot down by the government, although they h ...

Azim Premji foundation, Wipro commit Rs 1,125 crore to tackle COVID-19 outbreak

02 Jul

Azim Premji Foundation, Wipro and Wipro Enterprises together have committed an aid of Rs 1125 crore for tackling the unprecedented health and hu ...

PSB Mergers likely to be delayed

02 Jul

With the merger of 10 public sector banks coming into effect from April 16 lenders including one of the country's oldest Allahabad Bank have ceased to ...

Sensex down 1,203 points on global cues, weak auto sales

02 Jul

A renewed global selloff due to coronavirus, US futures indicating a sharply lower open on Wall Street and disappointing March auto sales ...

Donation to PM cares fund is eligible for 100% deduction under 80G of Income tax act.

01 Jul

Any donation made to the PM CARES Fund shall be eligible for 100% deduction under section 80G of the I-T Act, according to the Ordinance . This ...

Banks to roll out EMI waiver options soon.

01 Jul

Banks will soon come out with the operational procedure for retail borrowers to avail a three-month moratorium on their loans. Most lenders plan to se ...

Nykaa raises Rs. 100 Crore from Steadview Capital.

01 Jul

Nykaa has raised a total of Rs 100 crore, or $13 million, from hedge fund Steadview Capital at a valuation of Rs 9,200 crore, or over $1.2 billion, ac ...

Govt eases procurement spending guidelines.

01 Jul

The government eased rules for procurement and spending to help a clutch of key departments and ministries engaged in the fight against the dreaded Co ...

World Economies will go into recession.

01 Jul

The world economy will go into recession this year with a predicted loss of global income in trillions of dollars and this will spell serious trouble ...

Sales of cars, bikes see worst crash in 20 years.

01 Jul

Sales of cars and two wheelers crashed by record level in fiscal 2019 -20 , going down the most in over 20 years . And , the forecast looks more ...

Crude cheaper, Fuel prices may not dip.

31 Jul

Crude prices plunged to their lowest in 17 years but state-run fuel retailers continue to hold prices, creating headroom for the government to raise e ...

HC stays sale of Biyani's pledged shares.

31 Jul

In the first judicial order granting relief to a borrower hit by the coronavirus lockdown, the Bombay high court restrained IDBI Trusteeship and UBS B ...

Retailers, companies want more items in list of essentials.

31 Jul

Retailers have asked to include items such as storage containers, board games, cooking appliances and cleaning products like brooms and mops in the li ...

Government may abolish import duty on masks and ventilators.

31 Jul

The government may do away with import duty on various medical devices and gear, including ventilators, protective masks and Personal Protection ...

SEBI relaxes debt default norms permitted by RBI.

31 Jul

SEBI relaxed several compliance provisions for market participants by up to three months due to the unusual situation that has emerged because o ...

Mistry group seeks to raise up to $1 billion pledging Tata Sons stake

31 Jul

The Shapoorji Pallonji Group, controlled by Pallonji Mistry and his family, is in preliminary discussions to borrow as much as $1 billion to repay mat ...

Over 40 diesel cars to go off road in April 1.

30 Jul

In coming April, diesel versions of over 40 cars and SUVs will be phased out from the market as companies shift their focus completely to petrol model ...

Adani, Sajjan Jindal pledge Rs. 100 Crore each.

30 Jul

Gautam Adani, Sajjan Jindal and Uday Kotak are the latest to announce commitments worth crores of rupees to help India flatten the virus curve. Adani ...

Companies, LLPs get more time to file pending documents.

30 Jul

In a one-time exercise, the ministry of corporate affairs is set to roll out a scheme enabling companies and limited liability partnership (LLP) ...

Mother dairy seeks to use E-grocers network for smooth distribution.

30 Jul

Mother Dairy is ready to increase production and use the distribution network of the online players to reach consumers at locations that do not ...

Companies making advance payment of salaries to ease woes.

30 Jul

In a move that will calm the frayed nerves of employees, several organisations have disbursed March salaries early. Given the state of the economy, an ...

E-retailers will lead to loss of atleast $1 Billion due to lockdown.

30 Jul

The 21-day lockdown will lead to a loss of at least $1 billion in gross sales as India’s largest online retail platforms like Amazon and Flipkart stop ...

RBI cuts repo rate by 75 basis points.

28 Jul

The Reserve Bank of India (RBI) cut repo rates by 75 basis points (bps). It also made available Rs 3.74 lakh crore of additional liquidity to banks an ...

No damage in track record if EMIs not paid till May 31.

28 Jul

Borrowers, both individuals as well as businesses, can get a three-month break from their monthly installments and possibly credit card dues to help t ...

Long term Repo Operations to ease Mutual Funds debt pain.

28 Jul

Long-term repo operations (LTROs), the central bank’s new instrument to provide liquidity to bond investors including mutual funds, is showing good re ...

RBI goes abroad to stem exchange rate volatility.

28 Jul

Going beyond the country’s borders to stem exchange rate volatility, the Reserve Bank of India (RBI) said that Indian banks will be allowed to trade i ...

SBI reduces linked lending rate by 75 basis points.

28 Jul

State Bank of India (SBI) has passed on the entire cut in interest rates by the RBI to its borrowers by bringing down its external benchmark-linked le ...

Cognizant Technology Solutions to offer 25% Gratitude Pay.

28 Jul

Cognizant Technology Solutions on Friday announced that it will pay a ‘gratitude’ allowance of 25% of basic pay to more than 1.35 lakh employees in In ...

More Companies committed funds to help against Covid-19.

28 Jul

ITC, TVS, Ola and Reckitt Benckiser (RB) have joined the list of players of India Inc setting aside funds to help in the ongoing battle against the no ...

Sensex hits 30000 again, but closes at 29947 points.

27 Jul

The sensex gave up part of its early gains after the finance minister announced a Rs 1.7-lakh-crore financial package for the poor while the market wa ...

Due to Covid-19 effect, FY21 GDP rate to be at 2.6%

27 Jul

The impact of the coronavirus pandemic and the consequent 21-day countrywide lockdown will push India’s GDP (gross domestic product) growth to 2.6% fo ...

Swiggy ready for groceries services in 150 top cities.

27 Jul

Swiggy’s operations may have been disrupted since the ‘Janta Curfew’ was announced . But the online food delivery company has said it is willing to st ...

Mega bank consolidation on track, to take effect from Aprl 1.

27 Jul

The government said that the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus ...

Bajaj Group committed 100 Crore and Godrej commit 50 Crore to fight against Covid-19.

27 Jul

The Bajaj Group has committed Rs 100 crore to India's ongoing fight against the coronavirus disease. The funds will be used to upgrade "key" healthcar ...

Rs. 1.7 lakhs crore coronavirus package announced for poors.

27 Jul

The government announced a Rs 1.7 lakh crore package focused on emergency cash transfers into bank accounts of the poor, along with providing free foo ...

Curfew pushes daily item off the shelves

26 Jul

Many essential daily products have gone off the shelves. Truck movements between factories, warehouses and grocery stores had been hit earlier due to ...

Sebi writes to states to exempt staff of capital market entities from lockdown

26 Jul

The Securities and Exchange Board of India (Sebi) has written to all states and union territories to exempt the staff of notified entities from the na ...

Sensex increased by1862 points on RIL Gain.

26 Jul

Riding an unprecedented 20% surge in the RIL stock, the sensex rallied over 2,000 points in late trades to nearly 28,800. But it closed a tad off that ...

US lawmakers poised to pass the largest bailout in history.

26 Jul

US lawmakers are poised to approve the largest bailout in American history, a $2 trillion aid package that will put at least $ 1200 in the pocket of 9 ...

Drug, medical device makers slowing down their plants.

26 Jul

Faced with a supply disruption, pharma companies and medical device manufacturers are warning of potential shortages over the next few weeks, with man ...

banks offers emergency salary and business loans

26 Jul

State-owned banks have taken the initiative with loan offerings aimed to minimise the current slowdown’s impact on individuals and small businesses. S ...

RBI should take unconventional measures to boost liquidity.

25 Jul

Mutual funds, corporates and some private lenders are facing a liquidity crunch and the Reserve Bank of India (RBI) needs to take unconventional measu ...

Facebook in talks to buy 10% stake in Jio.

25 Jul

Facebook is in talks to buy a 10% stake in Reliance Jio.The US-based technology giant, which also owns Instagram and WhatsApp, was close to signing a ...

Streaming and Internet Companies to reduce Quality content.

25 Jul

Streaming and internet companies such as Amazon, Netflix, Hotstar, YouTube, Instagram and Facebook will reduce the quality of content on their platfor ...

India's government will soon announce a fiscal package to help the economy face the impact of the coronavirus.

25 Jul

An economic package to deal with COVID-19 situation will be announced soon, Finance Minister states that the government and regulators are constantly ...

India's imports declined by 16% and exports dropped by 8.2%.

25 Jul

India's imports have declined nearly 16% to $23 billion during March 1-19, while exports dropped 8.2% to $16.3 billion.Of the 30 major sectors tracked ...

Pharma companies in panic mode as lockdown hits supply chain

25 Jul

India's pharma companies are in a panic mode and fear drug shortage, as the national lockdown announced by Prime Minister Narendra Modi has led to dis ...

2-wheeler cos saddled with Rs 2,500cr BS4 inventory

24 Jul

As markets go quite due to severe restrictions over coronavirus, two-wheeler companies are left with BS4 inventory worth over Rs 2,500 crore with litt ...

India Inc loosens purse strings to battle Covid-19

24 Jul

From wealthy businessmen to well-known banks, India Inc is pledging its support in the fight against Covid-19. Mukesh Ambani, Venu Srinivasan, Axis Ba ...

Medical insurance covers see 42% growth in Feb

24 Jul

Medical insurance premiums witnessed a substantial spike in February with the overall growth in the healthcare industry rising aggressively by 42 perc ...

Easing loan repayment norms inevitable: Aditya Puri

24 Jul

HDFC Bank chief Aditya Puri said that authorities had no choice but to allow forbearance on loans and to provide a fiscal stimulus given the current s ...

Rupee hits 76.29 amid calls to freeze mkts

24 Jul

The rupee hit a new low of 76.29 against the dollar as equity markets went into a free fall on the back of relentless sale by foreign institutional in ...

PM Modi tells India Inc to ensure there are no supply hiccups

24 Jul

Prime Minister Narendra Modi on Monday asked Indian companies to ensure that there are no supply disruptions during the coronavirus crisis, which has ...

Auto, electronics, white goods cos suspend output

23 Jul

Production at factories is grinding to a halt as fear and precautions against coronavirus pick up pace across the country. The categories that will be ...

cos cover may lapse on shutdown

23 Jul

Large corporations risk lapsing insurance policies for their plant and machinery as well as people since both insurers and corporates are forced to sh ...

India Inc steps up to fund fight against coronavirus

23 Jul

Corporate India is increasingly revealing its generous side to commit assistance in various forms in the country’s fight against the virus. Billionair ...

PM Modi bats for e-payment, ‘will aid social distancing’

23 Jul

Prime Minister Narendra Modi nudged citizens to use digital payment tools as these are safer during the coronavirus pandemic. This is the time to ensu ...

Cops stop e-comm staff despite ‘essential biz’ tag

23 Jul

Online grocery retailers like Bigbasket and Grofers besides e-pharmacy players said their delivery executives were stopped by police personnel across ...

Oil windfall can fund income support

23 Jul

The government should use the gains from a sharp slide in global crude prices to fund measures to combat the challenges posed by the coronavirus pande ...

Cos get 45 days more for Q4 results, 1 mth for FY20

20 Jul

SEBI on 19.03.2020 eased compliance requirements for listed companies by allowing an additional 45 days to file their fourth quarter results and a fur ...

The rupee is likely to remain under pressure in the foreseeable future.

20 Jul

The scramble to hold cash amid fears of a freeze in the global financial markets led to overseas investors dumping shares, sending the rupee tumbling ...

Hikes, bonuses get a hit as IT firms get ready for slump

20 Jul

India’s IT services companies may freeze pay hikes and cut bonuses to deal with the business slowdown sparked by shutdowns due to the Covid-19 outbrea ...

Companies may cut spends and pay to survive

20 Jul

Indian startups and SMEs have begun evaluating their options to cut spending as demand for their products and services has taken a massive hit due to ...

Bike companies offer record discounts to liquidate BS-IV inventory

20 Jul

In the face of a sharp downturn in footfalls across automobile showrooms in the country, two-wheeler makers are extending record discounts to liquidat ...

Telcos won’t get 20 years to pay AGR dues if licences expire

20 Jul

The Department of Telecommunications (DoT) will not allow operators to use the full 20-year period to pay their adjusted gross revenue (AGR) due ...

Fuel prices may not match the fall in crude prices

19 Jul

The nightmare in the oil industry keeps getting worse, the wheel is coming full circle for the oil market as it seems to be driving towards $20/barrel ...

ICAI to issue advisory on dealing with coronavirus impact on auditing work

19 Jul

Institute of Chartered Accountants of India (ICAI) will be issuing an advisory to auditors on how to deal with the coronavirus pandemic impact, mainly ...

No relief for telcos over AGR dues; SC slams Center

19 Jul

The Supreme Court on 18.03.20 banned any further reassessment or self-assessment of telcos’ adjusted gross revenue (AGR) dues, dubbing attempts to reo ...

Rs 5k-crore blow to events & hospitality industry in Raj

19 Jul

Estimated to be around Rs 5,000 crore, the events and hospitality industry in Rajasthan has come to a grinding halt threatening the livelihood of many ...

National Restaurant Association advises restaurants to shut down ops till March 31

19 Jul

The National Restaurant Association (NRAI) has advised its restaurant members to shut down dine-in operations from March 18 to March 31, in view of th ...

Local language content cos help stem fake info

19 Jul

Regional language content startups, which usually cater to gig economy workers, daily wage earners, housewives, and students, are amplifying their out ...

App taxi fares touch rock bottom as demand falls 50%

19 Jul

Fares on ride-hailing platforms such as Uber, Ola, and Meru have hit rock bottom as demand for such services fell nearly 50% over the last two weeks, ...

Expert Group will be formed to decide Disputed AGR dues.

18 Jul

The government will form an expert group to decide over Rs 82,300-crore disputed AGR (adjusted gross revenue) claims that have arisen due to differenc ...

Debenture Trustees moved to high court against decsion of write off of AT-1 bonds by Yes Bank.

18 Jul

Debenture trustees argued before the Bombay high court that at least 20% of the additional tier-1 (AT-1) bonds issued by Yes Bank may be converted int ...

Large banks will take special measures to help businesses hit by covid-19.

18 Jul

Large banks had an emergency meeting to explore ways to lend a helping hand to businesses hit by the Covid-19 outbreak. At the video conference ...

Export Norms may be eased for Pharma.

18 Jul

The commerce and industry ministry is studying a proposal to allow exports of drugs from active pharmaceutical ingredients (API) which have been impor ...

HIghway Construction Down to 26 KM a day.

18 Jul

The daily pace of construction of highways has taken a hit in FY20. The year may end with a figure of around 26 km per day, a considerable dip from FY ...

Companies Amendment Bill introduced in Lok Sabha 2020.

18 Jul

The government introduced a bill in Lok Sabha to amend the Companies Act proposing 72 changes to removing criminality from host of offences under the ...

RBI infused Rs.1 lakh crore liquidity through a long term Repo operation.

17 Jul

Reserve Bank of India (RBI) governor Shaktikanta Das announced a Rs 1-lakh-crore liquidity infusion for banks through a long-term repo operation (LTRO ...

Yes Bank to write down Rs 8,415 crore of additional tier-1 (AT-1) bonds.

17 Jul

Many retail investors are in a state of shock with Yes Bank’s decision to write down Rs 8,415 crore worth of additional tier-1 (AT-1) bonds out of the ...

US Fed slashes rates to near zero to cushion coronavirus blow.

17 Jul

To support the economy during the coronavirus pandemic, the Federal Reserve announced slashing interest rates to near zero and unveiled a sweeping se ...

Government seeks Supreme Court nod to grant 20 years to telcos.

17 Jul

The Centre sought the Supreme Court’s approval to grant 20 years’ time to telecom companies to pay in installments Rs 1.69 lakh crore on account ...

Most Airlines could go bankrupt by end of May.

17 Jul

The Covid-19 pandemic will push most airlines across the globe to bankruptcy by the end of May, as per aviation consultancy Centre for Asia Pacific Av ...

HUL, Godrej, Dabur , Dmart set to gain

17 Jul

Amid the clampdown on public gathering by shutting off malls, cinema halls, and pubs to curtail the spread of Covid-19, investors bullish on Ind ...

Settlement of AGR dues has been started by DoT from the receipt of Rs. 25700 crore.

16 Jul

The telecom department has started the process to settle AGR dues using the RS 25700 crore payment it received from mobile operators such as Vod ...

New norms for Debit and Credit Card security.

16 Jul

Credit and debit cardholders that have not used their cards for contactless or international payments may find these features deactivated. These featu ...

Auto companies to approach supreme court for extension in time to register BS IV vehicles.

16 Jul

The auto industry has been going through its worst sales slowdown for more than a year now. With the country switching to BS-VI emission standards on ...

Prices of electronics goods to go up due to steep depreciation of the rupee against dollar.

16 Jul

Prices of television, refrigerator and washing machine are set to go up due to steep depreciation of the rupee against the dollar.Smartphone makers su ...

To implement Vivad Se Vishwas Scheme , tax officials are ready with rules and forms.

16 Jul

Tax officials are ready with necessary rules and forms under the Vivad Se Vishwas Scheme to settle direct tax disputes, and will issue them soon after ...

Empowered Group of ministers (EGOM) may be set up for telecom relief measures

16 Jul

The government is considering setting up an empowered group of ministers (eGoM) to oversee steps to tide over the adjusted gross revenue (AGR) crisis ...

Stocks, Rupee likely to remain Volatile.

16 Jul

A revival in equity indices, underpinned by the latest round of coordinated stimulus measures by major governments and top central banks, could ...

Sensex posted a spectucular recovery and close more than 1300 points higher on friday.

14 Jul

BSE’s Sensex fell below 30,000 and NSE’s Nifty breached the 9,000-mark early on Friday, resulting in the market sinking deeper into the bear territory ...

Union Cabinet has approved the reconstruction scheme for Yes Bank proposed by the Reserve Bank of India.

14 Jul

Union Cabinet has approved the reconstruction scheme for Yes Bank proposed by the Reserve Bank of India. Finance Minister Nirmala Sitharaman state ...

Sales of passenger vehicles dropped 7.61% to 251,516 units in the month

14 Jul

Automobile sales across categories declined last month with carmakers aligning stocks ahead of the industry’s transition to BS-VI emission standards i ...

Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP)

14 Jul

The Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP), a scheme for exporters to reimburse taxes and duties paid by ...

A proposal by DOT to allow companies to make interest-free AGR payment of Rs 1.47 lakh crore over 20 years.

14 Jul

The telecom department (DoT) moved a proposal to allow companies to make interest-free adjusted gross revenue (AGR) payment of Rs 1.47 lakh crore over ...

The rupee rebounded from a record low of 74.49 to close 31 paise higher at 73.91

14 Jul

The rupee rebounded from a record low of 74.49 to close 31 paise higher at 73.91 against the dollar following a recovery in the stock markets and RBI’ ...

Travel indusrty seeks relief from government due to 80% cancellations.

13 Jul

Due to covid-19 Outbreak and aslo because of the suspension of visa by government for a month ,the Travel Agents Association of India (TAAI) sai ...

Toyota, Maruti, Tata Motors and auto giants are stopping production of some models

13 Jul

Some of the popular passenger vehicles to run on Indian roads will go missing as auto manufacturers are rationalizing the number of vehicles they prod ...

Insolvency resolution framework proposed by govt. for IL&FS cleared by NCLAT.

13 Jul

The National Company Law Appellate Tribunal (NCLAT) in its final judgement on the insolvency proceedings against Infrastructure Leasing & Financia ...

Sensex, Nifty at two years low.

13 Jul

Wall Street plunged into bear territory after falling 20.5 per cent from all time highs on Wednesday. The slide continued when benchmarks ...

RBI announced to open $2 billion Rupee-USD Swap window.

13 Jul

The Reserve Bank of India made its first decisive move to counter the coronavirus triggered market volatility by opening a US dollar – Indian Rupee sw ...

SBI will be joined by 7 investors to put over Rs.12000 crore into yes bank.

13 Jul

State Bank of India will be joined by private lenders ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank as well as investors Radhakishan Damani ...

ICICI, HDFC, Kotak Mahindra & Axis tapped for Yes Revival

12 Jul

HDFC Bank, ICICI Bank, and Kotak Mahindra Bank have been approached for equity infusion in the troubled bank. A host of public sector banks have also ...

Screening of all cargo vessels coming from affected Covid-19 countries

12 Jul

Supplies of parts for cars, smartphones, televisions, and home appliances and some finished electronic items may be further delayed by a few days afte ...

SBI to offer microfinance at rates lower than existing players

12 Jul

State Bank of India (SBI) has decided to enter the microfinance market that has shown immunity to economic downturn. It is planning to offer microloan ...

SBI cuts interest rate on savings accounts to 3%

12 Jul

The State Bank of India (SBI) on March 11 cut the interest rate on all savings bank accounts to a flat 3 percent.
The bank also waived off the requ ...

Fear factor hits private lenders after Fallout of Yes Bank crisis

12 Jul

Smaller private banks were bearing the brunt of collateral damage triggered by the crisis in Yes Bank. Dogged by rumours and news of state authorities ...

ICAI to review books of Yes Bank for FY18, FY19

12 Jul

Accounting rule maker and self-regulator the Institute of Chartered Accountants of India (ICAI) on Wednesday said it will review the financial stateme ...

SBI to submit rescue plan to RBI in a week

11 Jul

State Bank of India will submit its rescue plan for Yes Bank within a week to the Reserve Bank of India (RBI) that will likely entail a maximum invest ...

Cos may find it difficult to clock substantial revenue growth for the ongoing fiscal year

11 Jul

India Inc’s revenue growth is likely to hit a four-year low in the ongoing financial year, as slack demand in the first nine months and a higher base ...

Falling oil prices will lend a big boost to several sectors and help contain fiscal deficit.

11 Jul

A fall in crude oil prices is perceived to be a positive for the Indian economy as well as stock markets. The relationship between the Sensex and crud ...

Indian Bond yields slips to 11-year low

11 Jul

The benchmark bond yield slid to an 11-year low amid dipping global crude oil prices. While the outbreak of Covid-19 stoked investor fear pointing to ...

Shares of ONGC, RIL plunge while HPCL, BPCL gain

11 Jul

The slump in oil prices precipitated by the price war between Saudi Arabia and Russia saw shares of Indian oil explorers plummeting. Oil and Natural G ...

European Union has requested a WTO panel to probe the India's high basic customs duty on high-end smartphones

11 Jul

Smartphone makers including Apple and Lava have told the government that India’s $28 billion handset manufacturing industry faces a looming threat pos ...

RBI will come with a scheme shortly to revive Yes bank.

07 Jul

After restricting withdrawal limit at the Yes Bank, Reserve Bank of India (RBI) governor Shaktikanta Das said that the central bank will soon take "sw ...

FM asks RBI to Fix Accountability.

07 Jul

Finance minister Nirmala Sitharaman said she has asked the RBI to undertake a comprehensive probe on what exactly went wrong at Yes Bank and fix indiv ...

SBI to invest Rs.2450 cr for a 49% stake into Yes Bank.

07 Jul

The Reserve Bank of India (RBI) announced a draft reconstruction scheme for the beleaguered Yes Bank, aimed at protecting depositors funds while bring ...

Pharma cos have started to airlift raw material to ensure no supply disruptions.

07 Jul

Pharmaceutical companies are trying to ensure that there are no supply disruptions due to prolonged lockdown in production activity in China following ...

Jaguar Land Rover experiences 85% downfall in sales in February

07 Jul

India's largest automobile manufacturer Tata Motors on said the outbreak of Coronavirus and the resultant shutdown of various parts of China has ...

Maruti Suzuki cuts production by 5.38% at 1,40,933 units in February

07 Jul

The country's largest carmaker Maruti Suzuki India cut production by 5.38 per cent in February at 1,40,933 units, according to a regulatory filing by ...

RBI supersedes Yes Bank board, caps withdrawals at Rs 50,000

06 Jul

The Reserve Bank of India superseded the board of directors of troubled Yes Bank for a period of 30 days “owing to serio ...

Motor Third Party insurance rates may increase upto 11%

06 Jul

Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with regulator IRDAI proposing substantial increase in premium r ...

Making a legitimate cryptocurrency market in india will be a challenge.

06 Jul

After the Supreme Court’s landmark verdict lifting the ban on cryptocurrencies in India, interest has spiked overnight, according to exchanges. Player ...

Jet Airways' Naresh Goyal, wife questioned by ED for Money laundering.

06 Jul

The Enforcement Directorate questioned former Jet Airways founder Naresh Goyal and his wife Anita for more than six hours in connection with a m ...

NCLT allows reopening of CG Power's Financial Statements.

06 Jul

NCLT allows MCA to reopen CG Power accounts for 5 years Plea filed by Ministry after allegations of fraud were levelled against Gautam Thapar.The Mumb ...

Karnataka to open Use of Electric Two Wheeler as Taxis.

06 Jul

The Karnataka government proposed using electric two-wheelers as taxis on Bengaluru roads, potentially leapfrogging regulations around using pet ...

AAR Disputes not within VIvad se Vishwas Ambit.

06 Jul

Tax disputes pending before the Authority of Advance Ruling (AAR) will not be covered under the Vivad Se Vishwas scheme, which aims at settling pendin ...

Supreme court quashes the earlier ban imposed by RBI on cryptocurrency Trading.

05 Jul

The Supreme Court allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currenci ...

OYO is planning to fire 5000 employees worldwide.

05 Jul

OYO Hotels & Homes will fire about 5,000 employees across the globe, with a significant number of the dismissals taking place in China.OYO's secon ...

Niti Aayog, CCI oppose fixing floor for telecom tariffs

05 Jul

Niti Aayog and the Competition Commission of India (CCI) have opposed any move to fix a floor tariff for voice and data services.The reason is s ...

India refuses capping its input subsidy for irrigation etc.

05 Jul

India has ruled out any chances of capping input subsidies for irrigation, fertilisers and electricity, stating that these support rural development, ...

Fastest Expansion in services, Feb PMI rises to 57.5.

05 Jul

The IHS Markit India Services Business Activity Index rose to 57.5 in February from 55.5 in January. The Services PMI has increased for the fifth succ ...

NCLAT directs CCI to investigate Flipkart.

05 Jul

The National Company Law Appellate Tribunal asked CCI to investigate Walmart-owned Flipkart for alleged unfair business practices through misuse of it ...

Decriminilisation of 40 sections of Companies Act may get cabinet nod today.

04 Jul

The Union Cabinet may clear amendments to the Companies Act including allowing Indian companies to directly list overseas, a&n ...

Govt. is planning to provide incentives to domestic manufacutrer of bulk drugs.

04 Jul

In the wake of the coronavirus outbreak, there has been disruption in supply chain of imported APIs and key starting materials from China, which could ...

E-tailers to rejig supply chains on shortage fears

04 Jul

India’s two largest E-tailers Amazon and Walmart-owned Flipkart are scrambling to minimise the effect of Covid-19 on the supply chains for two of thei ...

RBI ready to safeguard the country's banking system

04 Jul

The Reserve Bank of India (RBI) said it stands ready to safeguard the country’s banking system from financial and market risks stemming from the sprea ...

DOT recieved Rs. 8000 crore from the telecos.

04 Jul

Vodafone Idea, Bharti Airtel and Reliance Jio on paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said ...

Due to Coronavirus, Jio may opt for Multiple Vendors strategy.

04 Jul

Due to continuation of the deadly Covid-19 outbreak may drive Reliance Jio Infocomm to consider a multi-vendor strategy as its current 4G networks ven ...

Government seeks to shield independent directors

03 Jul

The Ministry of Corporate Affairs (MCA) has instructed the Registrars of Companies (RoCs) to act against independent and non-executive directors only ...

Virus biggest threat to global economy since financial crisis:OECD

03 Jul

The outbreak of Covid-19 presents the global economy with its greatest danger since the financial crisis, raising the risk of restrictions on movement ...

India must draw in companies seeking China alternative: Mark Mobius

03 Jul

Emerging markets fund manager Mark Mobius is bullish about Indian equities amid the global Covid-19 outbreak. The Indian equity market looks good not ...

Offline retailers running out of handsets as distributors hoard

03 Jul

Offline phone sellers are facing a shortage of top-selling models as some wholesalers are holding back stocks of popular phone models in anticipation ...

India’s oil import bill is expected to shrink sharper than previously estimated

03 Jul

Crude fall to bring smaller oil import bill sharper than previously estimated 6% as the increasing spread of Covid-19 across the globe has depressed c ...

Realty developers outsourcing sales to cut recurring costs

03 Jul

With pressure on margins and no visible upside on residential property prices, a rising number of real estate developers are outsourcing their sales a ...

Govt plans to enhance ethanol production, increase blending to reduce oil imports

03 Jul

The government is planning to more than double ethanol production from 3.55 billion litres to 9 billion litres in two years and increase blendin ...

Dividend Distribution Tax will be levied on InvITs and REITs

02 Jul

The government is holding firm on its proposal to levy dividend distribution tax on infrastructure investment trusts (InvITs) and real estate investme ...

Bank Credit growth declined to 8.5% in Jan.

02 Jul

Bank credit growth declined to 8.5% in January from 13.5% in the january 2019 led by sharp slow down in loans to the services sector. Growth in a ...

Due to Covid-19 outbreak, low supplies of Iphones & other handset.

02 Jul

Supplies of iPhones and other handset brands are running low at shops in India as disruptions stemming from the Covid-19 outbreak. Xiaomi, TCL and Rea ...

Niti Aayog, health ministry reach consensus on Medical Devices Bill

02 Jul

The final draft of the Medical Devices (Safety, Effectiveness and Innovation) Bill, 2019, proposes that medical devices should be regulated by a separ ...

PSU's are not keen to opt for Vivaad se VIshwas Scheme.

02 Jul

Public sector banks and government-owned companies aren’t too keen on opting for the ‘Vivaad se Vishwas’ tax dispute settlement scheme, Life Insurance ...

TRAI has claimed jurisdiction to regulate CSPs.

29 Jul

TRAI circulates a consultation paper seeking suggestions for a framework to set up an industry body to regulate cloud service providers (CSPs) like Am ...

Due to Coronavirus outbreak, China Expats may not get back to India jobs.

29 Jul

Due to Coronavirus outbreak, China Expats may not get back to India jobs. The China Expats had gone home for the Chinese New Year toward the end of Ja ...

Govt suggesting Self regulatory model for online streaming platforms.

29 Jul

The government has said it does not have powers to regulate internet content, but suggested an institutional self-regulatory model similar to traditio ...

Suzlon Energy board has approved a restructuring plan.

29 Jul

Suzlon Energy set to get Rs 400-cr infusion through various securities. The promoters and associates of Suzlon Energy will infuse up to Rs 400 crore a ...

Jaypee Infra will get back 858 acres

29 Jul

In a boost for public sector construction company NBCC's bid for Jaypee Infratech, the Supreme Court has ruled that 858 acres belonging to the bankrup ...

Oil prices at its three year low due to impact of Coronavirus.

29 Jul

Oil prices tested a three-year low due to heightened fear of deeper impact of the corona virus outbreak crushing global economic growth and ener ...

Operators may move to Telecom Tribunal against higher AGR demands

28 Jul

Mobile phone operators are prepared to move the telecom tribunal if the Department of Telecom (DoT) demands higher Adjusted Gross Revenue (AGR) dues t ...

EPFO rate reduced to 8.5% for FY20.

28 Jul

The EPFO is considering a cut of 15 basis points in the interest rate on PF deposits in FY20 to 8.5%. Provident fund deposits had fetched 8.65% in FY1 ...

TDS on online merchants, may lead to working capital crunch.

28 Jul

The proposal to deduct tax at source from online merchants, lead to a working capital crunch for some of the largest sellers on India's top two ecomme ...

Foreign Investors sentiment not dampened despite CAA Stir.

28 Jul

Union Finance Minister Nirmala Sitharaman said that investor sentiment has not been dampened by Anti-Citizenship Amendment Act protests and the recent ...

SAT allows lender to sell Rel Gen Insurance

28 Jul

In a victory for Reliance Home Finance’s lenders Nippon India Mutual Fund and Credit Suisse, the Securities Appellate Tribunal (SAT) has upheld their ...

Global market tumble as virus cases spike

28 Jul

Global markets tumbled on Thursday as jittery investors again abandoned risky investments because of worries about the spreading coronavirus outbreak ...

Vodafone Idea request DoT to allow to pay AGR dues over 15 years.

27 Jul

Financially stressed telecom operator Vodafone Idea ask Department of Telecommunications (DoT), for adjustment of goods and services tax (GST) refund ...

Govt will revamp the IT act ,2000

27 Jul

The government will revamp the Information Technology (IT) Act, 2000 as when the act was drafted,mobiles and social media were not so popular as well ...

TV's, AC's and fridges prices will increase.

27 Jul

Consumer electronics companies plan to increase prices of refrigerators, air-conditioners, microwave ovens and washing machines from March due to high ...

Domestic Steel companies going to increase the price

27 Jul

With imports hit by coronavirus outbreak, domestic makers see increased demand. Contrary to the expectation of a fall in metal prices due to the coron ...

No uncertainity in merger of 10 banks.

27 Jul

Last year in August, the government announced the consolidation of 10 public sector banks into four mega state-owned lenders effective April 1. In reg ...

Direct sales of Mutual Funds on Exchanges allowed by SEBI.

27 Jul

Sebi has allowed investors to directly use the infrastructure of stock exchanges to purchase and redeem units directly from asset management companies ...

RBI allows Bandhan Bank to open new branches without prior permission

26 Jul

The Reserve bank of India lifted the restrictions placed on Bandhan Bank, allowing it to open new branches without prior permission. In a notice to th ...

DoT to send notice to TATAs on AGR dues

26 Jul

Tata Sons chairman N Chandrasekaran insisted on making a case for the group’s decision to pay only Rs 2,197 crore against the Rs 13,823 crore demanded ...

SEBI probe hints at IndiGo flouting related-party rules

26 Jul

A preliminary probe by markets regulator SEBI has suggested prima facie violations of corporate governance and listing disclosure norms in certain rel ...

Trade deal between US-India by year-end

26 Jul

US President Donald Trump on 25.02.20 indicated that the much-awaited “big trade deal” with India could be concluded towards the end of the year, whil ...

Rajasthan plans to set up 30,000 MW of solar power plants in next 5 years

26 Jul

Rajasthan plans to set up 30,000 MW of solar power plants in next 5 years and is in talks with leading private and state-run companies to develop ener ...

Full pension after 15 yrs of commutation post retirement

26 Jul

The labour ministry has notified the restoration of full pension after 15 years of retirement for pensioners who have commuted part of their pension a ...

Focus on property registration in Ease of Doing Business push starting off with metropolitan

26 Jul

The government is working on improving the business climate, particularly ease of registering property, in Kolkata and Bengaluru because these two cit ...

HUL to set up new manufacturing arm to help co avail lower 15% tax

25 Jul

Hindustan Unilever Ltd (HUL) announced plans to set up a new subsidiary in India, perhaps the first large company to take advantage of the lower c ...

TVS Motor sees February output taking 10% hit

25 Jul

TVS Motor said it might witness a 10% drop in its production for February due to the impact of the coronavirus (Covid-19) outbreak in China.There is a ...

Tata Group refutes Rs 13,823cr AGR demand, says Rs 2,197cr paid

25 Jul

The Tata Group has told the government that its share in the adjusted gross revenue (AGR) dues is Rs 2,197 crore only, which it has already paid, and ...

Tata Teleservices may recieve AGR notice from DoT.

24 Jul

The Department of Telecommunications (DoT) is likely to issue a notice to Tata Teleservices demanding payment of balance adjusted gross revenue ...

Vodafone idea can only exit after NCLT approval.

24 Jul

Vodafone Idea will not be able to cash out of the Bharti Infratel-Indus Towers merged entity early enough to generate money to help pay off a bigger p ...

Banks awaiting clarification for calculation of CRR Exemption.

24 Jul

Bankers are awaiting clarity on exemption on maintenance of cash reserve ratio (CRR) amid confusion over how the incentive for lenders will be calcula ...

India will block European Union request for dispute panel at World Trade Organization

24 Jul

The European Union (EU) initiated dispute proceedings last year alleging India levied excess tariffs than what it had committed to in its tariff sched ...

Indian Bank to stop loading Rs 2,000 notes in its ATMs.

24 Jul

Indian Bank has decided to load more of Rs 200 notes and stop loading and dispensation of Rs 2,000 notes in its ATMs as a customer friendly move." Aft ...

RBI may provide relief to Bandhan Bank for promoter holding.

24 Jul

The Reserve Bank of India (RBI) may offer a breather to Bandhan Bank to dilute its promoter holding after allowing another private lender Kotak Mahind ...

Govt to Seek relaxation in NPA's for comapnies hit by coronavirus

22 Jul

The government is going to seek a relaxation in rules for classification of bank loans to a certain set of companies as a “sub-standard” asset. T ...

Question raised on PhonePe ATM business due to absence of rules.

22 Jul

PhonePe ATM, a new service that lets consumers withdraw cash from its offline merchants via the Unified Payments Interface (UPI), has angered rivals w ...

Flipkart challenges CCI probe.

22 Jul

After Amazon, Walmart's Flipkart has filed a petition challenging the anti-trust probe ordered by Competition Commission of India (CCI). Flipkart argu ...

TRAI proposes reforms in merger norms for telecom licences

22 Jul

In a bid to reform norms for transfer and merger of telecom licences, TRAI on 21.02.20 suggested that while both subscriber base and revenue are consi ...

Scrap vehicle market can create business worth Rs. 43000 crore.

22 Jul

The vehicle scrappage policy in India can help create an industry of its own with a business opportunity of Rs 43,000 crore.The government expects rec ...

Govt considering stress fund for distressed telcoms.

22 Jul

The government is considering the possibility of setting up a stress fund for the telecom sector that could lend to companies such as Vodafone Idea to ...

Auto Companies have huge stock of BS-IV cars to sell before March.

21 Jul

Dealership has a pile up of Bharat Stage-IV emission norms compliant vehicles which cannot be sold or registered in the country from April, even after ...

Flipkart will Launch its wholesale business in the next Quarter.

21 Jul

Flipkart will launch its wholesale business in the upcoming quarter. Flipkart has over the last few months increased its supply chain capabilities and ...

New Methodology to assess Poverty.

21 Jul

To estimate poverty, a nation-wide survey has been launched to capture household accessibility to amenities including nutrition, drinking water, housi ...

Telecom dues Calculation by DOT for each circle.

21 Jul

In perhaps the first step towards invoking bank guarantees of defaulting mobile companies over the adjusted gross revenue (AGR) matter, the department ...

Employee can switch to new tax regime during ITR filing.

21 Jul

Salaried people can choose either of the two income tax regimes at the time of filing their returns irrespective of the choice they have given to the ...

E-Assessment is not alone enough for the correct assessments.

21 Jul

The government had introduced e-governance for conduct of assessment proceedings electronically from the AY 2017-18.
The HC has said this was a lau ...

Telecoms dues set to jump for FY 18 and FY19 after new DOT.

20 Jul

The statutory dues of telecom operators fixed at Rs 1.64 lakh crore is set to rise sharply as Department of Telecommunications (DoT) is now in the pro ...

Hero will invest Rs 10000 crore for alternative mobility solutions

20 Jul

Hero MotoCorp announced its plans to make the biggest investment by a two-wheeler company in India. In the next 5-7 years Hero will spend Rs 10,0 ...

Banks increased funding for NBFC's in Oct-Dec.

20 Jul

Public Sector Banks propped up funding for Non-Banking Financial Companies (NBFCs), providing 90% of the cash flow to the sector in the Oct-Dec Quarte ...

Voda Idea, Airtel demands more time to pay AGR Dues

20 Jul

After order of the Supreme Court on AGR (adjusted gross revenue) matter, stressed telecom companies Vodafone Idea and Airtel have made a demand to giv ...

India-US Trade Deal now a Political Call.

20 Jul

President Donald Trump said the United States and India were working on a major trade deal, but he was not sure if it would be completed before the US ...

I-T Dept moves HC aginst Flipkart's ITAT ruling.

20 Jul

The income tax (I-T) department has taken Walmart-owned Flipkart to high court over its Rs 110-crore demand. The case relates to the treatment of disc ...

COs want easier labour and green approval to ramp up production

19 Jul

The corporate sector’s wishlist to deal with supply disruption caused by the coronavirus go beyond customs duty cuts and include a reduction in the 14 ...

A Vodafone Idea collapse could have negative impacts on telecom and banking as well.

19 Jul

The government is unlikely to invoke Vodafone Idea’s bank guarantees for now, even as the officials of the telecom and finance ministries met Cabinet ...

Prices of TVs, ACs and some phones are set to go up as manufacturers grapple with component shortages.

19 Jul

Prices of televisions, air-conditioners, refrigerators and some smartphone models are set to go up later this month as manufacturers grapple with a sh ...

Govt to set up renewable energy board to cut developers’ risks

19 Jul

The government will set up a Renewable Energy Promotion and Facilitation Board to help minimise risks for developers in the sector that has seen a wan ...

Government may ease commercial coal auction rules

19 Jul

The government is considering easing rules governing commercial coal auctions, including faster exit and simultaneous issue of prospecting and mining ...

NHAI norms change may hit 1,000 km road projects

19 Jul

The finance ministry’s decision to treat highway projects as a single entity that cannot be divided into small packages could impact award of about 1, ...

NCLAT refers General Electric and Triveni Turbines dispute to NCLT bench

19 Jul

The National Company Law Appellate Tribunal (NCLAT) has referred the ongoing dispute between General Electric (GE) and Triveni Turbines over their joi ...

SEBI to tighten eligibility norms for investment advisers

18 Jul

The Securities and Exchange Board of India (Sebi) has proposed to revise the investment advisers regulations that will change the way mutual fund sche ...

Mukesh Ambani's RIL to consolidate media and distribution business

18 Jul

Reliance Industries (RIL) on Monday announced consolidation of all its media and distribution businesses under one umbrella brand ‘Network18’. Under t ...

SC refuses Vodafone Idea more time to pay off AGR dues

18 Jul

The Supreme Court on 17th feb 2020 refused to hear a plea by cash-strapped Vodafone Idea seeking more time to pay off adjusted gross revenue (AGR) due ...

NCLAT allows JSW Steel to acquire Bhushan Power

18 Jul

A two-member bench headed by Chairman Justice S J Mukhopadhaya of National Company Law Appellate Tribunal (NCLAT) has allowed JSW Steel to acquire Bhu ...

Waiting for DoT’s position on AGR dues says Sitharaman

18 Jul

Finance minister Nirmala Sitharaman said on Monday she would wait to hear the telecom ministry’s stance on the arrears from telecom operators, before ...

Expert group to suggest ways to push agri exports

18 Jul

The fifteenth Finance Commission has set up a high-level expert group to recommend measurable performance incentives for states to encourage agricultu ...

Service tax, GST added to AGR dues

17 Jul

Telecom companies swamped by adjusted gross revenue (AGR) dues are set for another hammering.
The tax authorities have started sending out notices ...

Income Tax department may ask NRIs to explain 'bloated' income

17 Jul

Since a decade, several Indians became NRI to generate fake overseas income such as trading profits, consultancy fee, and fat salaries to legitimize u ...

ICAI wants powers to punish audit firms

17 Jul

The Institute of Chartered Accountants of India (ICAI) is seeking amendments to the Chartered Accountants Act to allow it to punish audit firms for ma ...

Solar rooftop developers move tribunal on net metering

17 Jul

Net metering allows developers to sell electricity to the grid and deduct its value from their bill for the power drawn from the distribution company. ...

Coal India clocked a double-digit growth in output for the first time in this fiscal

17 Jul

Coal India’s daily output is expected to rise to three million tonnes (MT) next month, enough to run a 660-MW power plant for a year as the state-run ...

Hiring companies face heat as coronavirus hits mobility

17 Jul

The coronavirus epidemic has begun to impact hiring as travel restrictions slow down or halt the process of interviews. With industries such as hospit ...

Oil India to fight AGR dues

17 Jul

State-owned Oil India is likely to move the TDSAT this week against the telecom department seeking about Rs 48,500 crore in past dues on the surplus b ...

Exports fall for 6th month in row, imports for 10th month

15 Jul

India’s exports fell 1.7% in January, the sixth straight monthly decline, while imports dropped for the 10th month in a row, pushing up trade deficit ...

HC relief for e-tailers in CCI probe

15 Jul

The Karnataka high court on 14th Feb granted an interim stay into a probe ordered by the Competition Commission of India (CCI) against the e-tailers’ ...

DoT asks telcos to clear dues by midnight

15 Jul

The Department of Telecommunications (DoT), which faced the rage of the Supreme Court for putting on hold recovery of dues from telecom companies, sta ...

Carmakers are likely to invest around Rs 30,000 cr, mostly in launching new products.

15 Jul

The Indian automobile market may be in a prolonged slump but that’s not stopping companies from investing in new products as factories run at less tha ...

Lenders set to recover Rs. 1.5 lakh cr from insolvency proceedings

15 Jul

Successful resolutions of corporate insolvency proceedings till the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, ave ...

Telco distress call: SBI says it’s prepared for the worst

15 Jul

State Bank of India Chairman Rajnish Kumar on Friday said the bank was prepared for the worst following the Supreme Court order asking telecom compani ...

Directors seek cover against legal action

14 Jul

The directors & officers’ (D&Os’) insurance policy, which compensates key management personnel of a company against legal actions, is seeing a ...

TRAI says telecom services quality unsatisfactory

14 Jul

Trai chairman R S Sharma said that he is not satisfied with the quality of services that is currently offered by mobile operators and he will be calli ...

Rishi Sunak, Narayana Murthy's son-in-law, is the new UK Finance Minister

14 Jul

UK Prime Minister Boris Johnson has appointed Indian-origin Rishi Sunak as his new finance minister. He replaced Sajid Javid who resigned from the pos ...

Fourteen entities line up for DHFL's retail book

14 Jul

Fourteen entities including foreign banks, private equity funds and other local non-bank lenders have begun talks with the administrator of bankrupt m ...

NITI readies social protection framework

14 Jul

In order to bridge the inequality gap and uplifting more people out of poverty, technical committee headed by NITI Aayog vice chairman Rajiv Kumar is ...

The PM had sparked a social media debate after he said that only a very small number Indians were paying tax.

14 Jul

The Central Board of Direct Taxes (CBDT) said only 2,200 persons disclosed annual income of more than Rs 1 crore from their professional work in FY19. ...

Amazon to HC: Probe by CCI an abuse of power

13 Jul

Amazon India told the Karnataka high court on Wednesday that there is no “prima facie” evidence on the basis of which the Competition Commission of In ...

Car companies not getting many cab rides now

13 Jul

Several automakers have arrangements with car aggregators such as Ola and Uber to sell vehicles to drivers who join their platforms. According to indu ...

NCLT has ordered the inclusion of Videocon’s overseas arms as part of insolvency proceedings

13 Jul

The National Company Law Tribunal (NCLT) has ordered the inclusion of Videocon’s oil businesses in Brazil and Indonesia as part of insolvency proceedi ...

Factory output shrinks, retail inflation surges leads to double blow to economy

13 Jul

Factory output contracted 0.3% in December after a mild pickup of 1.8% in November while retail inflation accelerated to a 68-month high 7.59% in Janu ...

Consumer durables’ sales growth in 2019 best since demonetisation

13 Jul

Sales growth of refrigerators, ACs and washing machines in 2019 was the best since demonetisation, signalling a revival in discretionary purchases and ...

Cabinet nod for widening scope of direct tax resolution scheme

13 Jul

The newly announced Vivad Se Vishwas Scheme for resolving direct tax disputes as an attractive offer for taxpayers, cover most of the disputes, includ ...

Govt may have to infuse capital into LIC before IPO

12 Jul

The government will need to infuse capital before its initial public offering (IPO) because the paid-up capital is only Rs 100 crore, which is not eno ...

Indian diamond traders seeks help from RBI and government as coronavirus outbreak hits trade

12 Jul

Indian diamond houses have sought help from the Reserve Bank of India (RBI) and the government as the coronavirus outbreak hits trade.
About 35-40 ...

FM say - Economy not in trouble; green shoots visible

12 Jul

Finance minister Nirmala Sitharaman on 11th Feb,2020 said that the economy was set to turn around, citing seven “green shoots,” seven indicators of ec ...

Adani Group and Vedanta in race to acquire Lanco's Power Plant

12 Jul

Adani Group and Vedanta are conducting due diligence to acquire Lanco’s Amarkantak power plant in Chhattisgarh, after it was admitted for insolvency p ...

Govt breaches Ways and Means Advances limit

12 Jul

The Ways and Means Advances, or WMA, is a facility that allows the Centre to borrow from the Reserve Bank of India (RBI) and meet payment obligations ...

Realty fund of Rs 12,500 crore may be fully deployed in two years

12 Jul

The government’s Rs 12,500 crore Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two ...

Electric Vehicles may get 2,600 charging stations in a year

12 Jul

Electric vehicles (EVs) charging infrastructure will be available at every four kilometres in big cities within a year.The govt has given in-principle ...

ICICI Bank moves NCLT to get dues from Mercator Ltd.

11 Jul

ICICI Bank has moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings ...

Amazon moves HC seeking a stay on the Competition Commission of India’s order

11 Jul

Amazon has requested the Karnataka High court to quash or set aside this probe by the Competition Commission of India (CCI), the e-tailer is seeking a ...

Tilden Park Capital Management seeks investment in Laxmi Vilas Bank

11 Jul

US fund house Tilden Park Capital Management has sounded out the Reserve Bank of India (RBI) for buying a sizeable stake in Lakshmi Vilas Bank (LVB), ...

High cost and low growth drag auto sales down

11 Jul

Passenger vehicle sales in the local market dropped 6.2% to 262,714 units, sales of commercial vehicles fell 14% to 75,289 units in the past month, wh ...

SFIO inquiry extended to Fortis-IHH deal

11 Jul

The $1.3 billion takeover offer for Fortis Hospitals by Malaysia's IHH Healthcare has now come under the scanner of the Serious Fraud Investigation Of ...

Cotton, yarn and rajma trade with China comes to a halt

11 Jul

Cotton and yarn prices have fallen by 4% while rajma prices have increased by 8% in the past 10 days due to market uncertainty after the outbreak of c ...

Investments by some Foreign Portfolio Investors may attract retrospective tax

10 Jul

As the government have restricted the exemption from Indirect Transfer Taxes to Category I Foreign Portfolio Investors (FPIs) in the budget, this may ...

India has joined the chase “Quantum Supremacy” to crack into the next generation technology

10 Jul

A typical computer stores information in bits i.e. either as a 0 or 1, but quantum computers can store information in two quantum bits (or qubits) as ...

Technology platforms control misinformation regarding the novel Coronavirus

10 Jul

To fight against misinformation regarding the novel Coronavirus Technology platforms like Twitter launched a dedicated search prompt for India with th ...

Automakers scramble in case China auto parts production stays shut down

10 Jul

“Impact is unavoidable in India; it's only a matter of time before who gets affected first,” Mamillapalle, MD of Renault India, as factories in China ...

Spectrum sale may generate only Rs 10,000cr initial payment to Government

10 Jul

The government may generate an initial payment only Rs 10,000 crore from spectrum auction. This indicates that the next spectrum sale could generate o ...

Sales executives quit companies to log onto gig economy

10 Jul

The perennially high demand for sales talent has made these jobs ‘recession-proof’. Frontline sales jobs have always been in demand, given the high at ...

WhatsApp Pay to Begin Phased Rollout in India after receiving licence from National Payments Corporation of India

08 Jul

WhatsApp’s UPI-based peer-to-peer payments service which was available in India in beta mode since last year will be launched sometime later this year ...

SBI and 3 other Banks cut deposit and loan rates

08 Jul

The country’s largest state-run bank State Bank of India (SBI) has announced a reduction of 0.05% in MCLR, which will make the loan cheaper. This dedu ...

9 Banks of UAE headed for India to recover Rs. 50000 Cr.

08 Jul

UAE-based Emirates NBD, Mashreq Bank and Abu Dhabi Commercial Bank and few other lenders like Doha Bank, National Bank of Oman and National Bank of Ba ...

Maruti Suzuki Captured over half of passenger vehicle market in January

08 Jul

Where other carmakers struggled amid weak demand and inventory alignment on account of the impending transition to Bharat Stage VI emission norms, Mar ...

Trade Margins of Medical Devices likely to be restricted to 30%

08 Jul

A cap on trade margins at 30% for medical devices is likely to be approved soon, as India and US move ahead to sign a mutually acceptable trade deal t ...

LIC Plans to sell IDBI Stake ahead of 12 year RBI Timeline

08 Jul

With a view that the valuation of the lender would rise with the government's sale of stake leading to a possible entry of a private equity investors, ...

RBI asks PNB to harmonize its provisions for bad loans before Merger

08 Jul

As part of announcement of the amalgamation of 10 public sector banks into four big banks, PNB is supposed to acquire OBC and UBI which would create t ...

RBI Monetary Policy Committee brings in major relief for commercial real estate developers

07 Jul

In a major boost for real estate developers, the Reserve Bank of India's Monetary Policy Committee has decided not to downgrade any commecial real est ...

Bharti Airtel and Tata Tele merger approved by DoT

07 Jul

The Department of Telecommunications (DoT) has approved the merger of the consumer mobile operations of the Tata group with Bharti Airtel, Tata T ...

Inflation outlook remains uncertain

07 Jul

The Reserve Bank of India (RBI) kept interest rates unchanged on Feburary 06,2020 as expected amid concerns over inflation. They revised upward ...

Gradual Recovery Expected; Car Companies Expect Single Digit Growth in FY21

07 Jul

A favourable base to compare with after a steep fall in sales this year, low interest rates and new rules that give the taxpayer an option to choose l ...

Commerce Department will examine procedures that are part of India's existing Free Trade Agreements

07 Jul

The finance ministry has initiated a review of India’s free trade agreement framework to assess the impact of such pacts on the overall economy. The v ...

Fertiliser Minister may seek more funds to clear dues

07 Jul

The chemicals and fertilizers ministry is struggling to pay the mounting subsidy bills for farm nutrients and plans to seek additional funds because t ...

Tax dispute bill bars cases linked to undisclosed foreign assets, income

06 Jul

The government on Wednesday introduced a bill in Lok Sabha, which aims to significantly reduce the huge tax disputes linked to direct taxes totalling ...

Pre-filled I-T form proposed in Budget

06 Jul

It is proposed in the budget that pre-filled income tax returns would be made available to taxpayers. It will contain details of the taxpayer's salary ...

Rosneft interested in bidding for BPCL

06 Jul

Russia's largest oil producer Rosneft is keen to bid for acquisition of Bharat Petroleum Corp Ltd (BPCL), sources said after the Russian firm's CEO Ig ...

Tax Settlement Scheme not for launderers

06 Jul

The new direct tax dispute settlement scheme will not cover cases related to undisclosed overseas assets initiated on the basis of information from an ...

Voda Idea seeking relief from penalty interest dues

06 Jul

Vodafone Idea may offer the government a small part of its statutory dues by January 23 to ensure it doesn’t get a defaulter’s tag or incur the disple ...

Cooperative Banks to come under RBI Watch

06 Jul

The Union Cabinet on Wednesday approved an amendment to the Banking Regulation Act that will empower the Reserve Bank of India to regulate 1,540 co-op ...

50% of cost deposit is required by a buyer of minority stake in other companies

05 Jul

According to a notification issued by MCA of 3rd February, 2020 on amendments to Companies Act Majority shareholders planning to buy out minority inve ...

Govt moves to split GAIL business to boost gas economy

05 Jul

The government is looking at splitting GAIL (India) into separate entities, dealing with pipeline network and marketing, to cover 550-600 districts th ...

Small towns, rural to be hubs for car sales

05 Jul

Rising congestion in metros and larger cities will decelerate automobile gross sales within the prime markets as smaller cities and rural areas will c ...

BPSL Fraud: NCLAT reserves decision on immunity to JSW

05 Jul

The appellate tribunal on Tuesday reserved its judgement on the contentious matter of whether JSW Steel, the successful bidder for debt-ridden Bhushan ...

Companies will have to pay heavy penalties for faking expenses

05 Jul

In an attempt to curb fake bills and false expenses generated by companies to evade tax, the government has decided to take harsh punitive action, inc ...

MDR would move to zero, either with or without government

05 Jul

Infosys Chairman Nandan Nilekani said the merchant discount rate (MDR) would have trended to zero even if the government had not gotten involved and s ...

Govt very transparent in setting new fiscal deficit target says FM Nirmala Sitharaman

04 Jul

Union Finance Minister Nirmala Sitharaman on Monday said the government has been very transparent in setting the new fiscal deficit target, which has ...

Govt to use e-bidding platform for disinvestment

04 Jul

To bring transparency and ease of process for bidding of disinvestment plan of PSUs, the government is ready with an electronic bidding (e-bidding) pl ...

Customs department may question imports valuation under FTA

04 Jul

The Union Budget for 2020-21 has proposed to amend the customs law by introducing stringent provisions related to rules of origin to check misuse of f ...

Revised IT intermediary rules in 2 weeks after law ministry's nod

04 Jul

NEW DELHI: The government is expected to notify within two weeks the revised IT intermediary guidelines that seek to make social media companies more ...

Manufacturing PMI expands to 8-year high of 55.3 in January

04 Jul

India’s manufacturing activity expanded at its quickest pace in nearly eight years in January with robust growth in new orders and output, a private s ...

Pharma companies set to supply ARVs for treatment

04 Jul

MUMBAI: Leading domestic drug companies have said they are ready with supply of anti-retrovirals (ARVs) that seem to work in treating the novel corona ...

India CEO mafia: Techies with a social heart

03 Jul

The India Mafia of Satya Nadella (chief of Microsoft), Sundar Pichai (Google), Shantanu Narayen (Adobe), Sanjay Mehrotra (Micron), Nikesh Arora (Palo ...

Pvt banks to gain most from Budget’s 5L cover

03 Jul

Private sector banks will be the biggest gainers of the government’s decision to hike deposit insurance cover to Rs 5 lakh from Rs 1 lakh in the Union ...

NRIs’ Bona Fide Foreign Income Won’t be Taxed

03 Jul

The government said it doesn’t intend to tax income that bona fide workers earn overseas, allaying concerns about a budget proposal relating to non-re ...

New Tariff Codes Created for Fans, Solar Cells & TV Panels to Check China Imports

03 Jul

Imports of these products stood at $3.6 billion in April-November 2019, of which more than 60% came from ChinaNew Delhi:
India has created new tari ...

NHAI on Road to Cut Debt; Tax Sops for Foreign Investors

03 Jul

New Delhi:
The government has finally moved to control the rising debt of National Highways Authority of India (NHAI) while allowing tax sops to fo ...

SAIF Partners is Looking to Close 15 Deals This Year

03 Jul

However, the VC firm is facing renewed pressure on its past big bets, Paytm and RivigoBiswarup Gooptu & Aditi Shrivastava
New Delhi | Bengaluru ...

New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman

03 Jul

The direct tax collection target has been downward revised to Rs 11.80 trillion in the Union Budget after making a "realistic assessment" of various e ...

Delay in penny stock cases stokes hope of amnesty

01 Jul

Income tax tribunals have been keeping aside matters related to penny stocks and unexplained share premium, stoking hopes of a quasi-amnesty window or ...

Bharti Airtel removed from DGFT’s ‘denied entry list’.

01 Jul

Bharti Airtel on Friday said its name has been removed from the Directorate General of Foreign Trade’s (DGFT) ‘denied entry list’, and the operator is ...

With No Global Reference, TRAI Finds Regulation Of OTT Players A Tough Task

01 Jul

Telecom operators in India have been raising concerns over the threat from over-the-top (OTT) players. The operators are allegedly losing revenue beca ...

Ayush claim on virus decried

01 Jul

An advisory from India’s traditional medicines ministry on Wednesday suggesting remedies from ayurveda, unani and homoeopathy for the novel coronaviru ...

GDP growth rate for 2018-19 revised downwards to 6.1 %

01 Jul

India’s economic growth is likely to get a statistical bump in the current fiscal following a sharp downward revision in the estimates for the pre ...

Indiabulls to exit realty biz, merge with entity led by Embassy, Blackstone

01 Jul

As part of its move to exit the realty sector, Indiabulls Group will merge over dozen remaining assets of Indiabulls Real Estate (IBREL) with a new en ...

SBI sees highest-ever quarterly profit growth at 41 per cent in financial year 2019-20

01 Jul

India’s largest lender State Bank of India (SBI) has announced that its net profit grew 41 per cent year-on-year at Rs 5,583.4 crore during the Octobe ...

Bank deposit insurance cover may be doubled to Rs 2 lakh

31 Jul

The government is discussing a proposal to double the insurance cover on bank deposits to Rs 2 lakh and an announcement to this effect may be made in ...

Centre Plans to enhance FDI Limit in Insurance to 74% from 49%

31 Jul

The Centre is likely to drop the clause that mandates control of insurance companies by Indian promoters as it seeks to enhance foreign direct investm ...

Mobile Exports Will Continue to Get 4% Incentive

31 Jul

The government has restored 2% additional duty incentive on mobile phones exports with a view to boost shipments of the product, according to a notifi ...

Coronavirus update: Air India plane with doctors to fly Indians from Wuhan today; first case confirmed in country

31 Jul

An Air India passenger aircraft will head to Wuhan today to bring back stranded Indians from the city. The Boeing 747 is scheduled ...

Central Govt took Budget Like Move that were not part of Budget

31 Jul

Since Last Budget, Govt Has taken Several Steps Indicating that the Economy is now far too dynamic for all Big decisions to be taken on a Single Day...

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Alternative Steps Needed to Boost Economy

31 Jul

The government should focus on alternative measures to stimulate economy as it is not possible to give fiscal stimulus. Growth need of the hour to ach ...
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China Shutdowns Hit Indian Consumer Cos

30 Jul

Smartphone and consumer electronics companies in India said they were staring at production cuts and possible delays in launch of new products due to ...
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TCS says No more Digital Revenue Break- up Figures

30 Jul

India’s top IT services provider Tata Consultancy Services has stopped providing a revenue breakup for its digital business, resisting calls from anal ...
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Budget may unveil 2 mega agri initiatives

30 Jul

The government is likely to announce two mega agriculture initiatives — one related to crop diversification and another on financial assistance to cre ...
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Push for MSMEs to join ecommerce exports

30 Jul

The government is in talks with ecommerce firms to help sell goods produced by small enterprises in remote parts of the country around the world via o ...
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Railway corporatisation process starts from FY21

30 Jul

The Indian Railways will begin the process of corporatising its production units in FY21as it takes a coordinated approach towards improving the effic ...
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Cos reduced CSR expenses in national heritage by 56%

30 Jul

Companies more than halved their funding for national heritage, arts and culture, under corporate social respons ...
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Government notifies rules for winding up of companies under Companies Act

30 Jul

In a move that will help lessen the burden on the National Company Law Tribunal (NCLT), the government has notified the rules for winding up of compan ...
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Commerce Ministry Puts Bharti Airtel in Denied Entry List

29 Jul

The commerce ministry has put Read more

Bank Panels to Monitor Probe Progress

29 Jul

The Ministry of Finance has approved a panel for preliminary examination of suspected frauds in public sector banks amounting to more than Rs 50 crore ...
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Govt Forms Panel to look into Bank frauds above Rs 50 crore before probe begins.

29 Jul

The government on Tuesday directed banks to set up committees of senior officials to monitor progress in pending disciplinary and internal vigilance c ...
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Cracking the Whip: E-comm Policy to Deal With Online Counterfeits

29 Jul

The upcoming e-commerce policy will make it tougher for sellers to peddle fakes online. The policy, likely to be out in March, will detail a plan of a ...
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NHAI moves IRDA proposing insurance of road projects

29 Jul

The National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible project de ...
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Banks approve reduced fees for UPI, RuPay

29 Jul

Banks have decided that they will not charge a part of the fees on Unified Payments Int ...
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The brass of the PSB obtain a government shield in surveillance cases

29 Jul

The government announced on Tuesday new steps, which seek to protect senior management in the public sector Read more

Ahead of Budget, companies queue up for funds on Bond Street.

28 Jul

HDFC, LIC Housing Finance, Bajaj Finance, L&T Infrastructure Finance and REC are among borrowers that seek to sell bonds worth up ...
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Govt invites bids for 100 % Air India Stake

28 Jul

The government on Monday invited preliminary bids to divest its entire stake in Air India, and the airline’s subsidiary Air India Express along with i ...
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Telcos' Move to Raise Revenue May Widen Risk of Customer Churn

28 Jul

Deutsche Bank said telcos should move towards new plans with 5GB, 10 GB and 20 GB of data on the 28-day cycle priced ...
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PWC to do forensic audit of Cox & Kings

28 Jul

Suspecting fraud, lenders to Cox & Kings, the tour and travel company that defaulted on loan payments, have initiated a forensic investigation int ...
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PFC NPAs to reduce with resolution of 4 stressed plants.

28 Jul

State-owned Power Finance Corp (PFC) expects significant reduction in its bad loans with resolution of four stressed power generation assets, expected ...
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HDFC posts record quarterly profit of Rs 8,372cr in Oct-Dec

28 Jul

The country's largest mortgage company HDFC on Monday reported its highest ever quarterly net profit&nbs ...
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To Boost Desi Companies, Curbs likely on Tyre, Furniture Imports.

27 Jul

The government is all set to clamp down on import of furniture and certain types of tyres, especially retreaded ones, amid concerns that cheap goods a ...
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Government may get Rs 45,000 crore cushion on corporate tax cut.

27 Jul

The government is estimating a hit of around Rs 1 lakh crore due to a reduction in corporation tax, against Rs 1.45 lakh crore calculated when the mov ...
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India likely to raise import duties on more than 50 items next week

27 Jul

India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 bi ...
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2023 deadline: Drive from Delhi to Mumbai in 12 hours.

27 Jul

Exactly three years from now, you will be able to drive down from Delhi to Mumbai in 12 hours, road transport minister Nitin Gadkari said. “January 26 ...
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Pension for senior citizens under BPL likely to go up.

27 Jul

The Centre is proposing a major revamp of the National Social Assistance Programme (NSAP) that could raise pension payouts for senior citizens, widows ...
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Better distribution may ease power sector woes.

27 Jul

At a time when India is looking to fight the global financial slowdown and surge ahead by adding trillions to its gross domestic product (GDP), the po ...
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Undisclosed Assets abroad of Hotel Group Worth Rs 1000 Crore .

25 Jul

Rs 1k cr foreign assets of a hotel group detected' The income tax department said on Friday its searches on a “hospitalit ...
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Fin Stability a Priority, Govt must continue Reforms

25 Jul

Reserve Bank of India (RBI) Governor Shaktikanta Das has set broader financial stability as the central bank's immediate polic ...
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Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions.

25 Jul

Out of the Rs 10,387 crore of fresh slippages during the quarter, Rs 4,509 crore came because the central bank inspection forced the ...
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P&G India hit by monetary policy : P&G CFO

25 Jul

Slowing growth rates in India, largely as a result of some monetary policies, have created a bit of a liquidity squeeze, which ...
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Mastercard's swipe makes Pine Labs 1st unicorn in 20

25 Jul

While transaction details were not disclosed, the new round is pegged at $100-150 million (Rs 713-1,069 crore). This will make the Se ...
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TDS on salary when an employee doesn't furnish PAN

25 Jul

Non-furnishing of PAN or Aadhaar number as the case may be, by the deductee (employee) to the deductor (employer) will result ...
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Growth Slump in India temporary:IMF chief

25 Jul

IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the ...
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SC to club Tatas' NCLAT plea, RoC-Mumbai case.

25 Jul

The Supreme Court on Friday stayed a National Company Law Appellate Tribunal (NCLAT) order that had dismissed a plea by the Registrar of Companies (Ro ...
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AGR dues: Reliance Jio meets Supreme Court deadline, Airtel Seeks Time

24 Jul

Reliance Jio Infocomm became the only phone company to meet the Supreme Court's adjusted gross revenue (AGR) dues deadline, paying ...
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Niti Aayog Seeks Cabinet Nod for Battery Push

24 Jul

The Niti Aayog has sought Cabinet approval for a proposal to build up to 10 large factories that would get subsidies ...
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Go Air Likely to Cancel 50 Flights

24 Jul

GoAir Will Cancel Up To 50 Flights Per Day Due To A320neo Issues. Indian low-cost carrier GoAir< ...
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NHAI Starts Grievance Redressal Portal GATI

24 Jul

Terming delays in highway projects as "unacceptable", Road Transport and Highways Minister Nitin Gadkari on Thursday asked officials and developers to ...
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Public Distribution System Emerged Biggest Saver for Government in DBT

24 Jul

The Public Distribution System (PDS) has brought the biggest savings under Direct Benefit Transfer (DBT...
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Banned cryptocurrency to uphold integrity of banking system.

24 Jul

The RBI had in a circular issued on April 6, 2018, directed that all entities regulated by it shall not deal in virtual currencies.Currency exchanges ...
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Banks Push NPCI to Remove UPI Charges

24 Jul

The Indian Bank’s Association (IBA) has written to the National Payments Corporation of India (Read more

RBI ups investment limit for FPIs in Debt Market.

24 Jul

The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the m ...
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Govt Mulls Mediation to Solve IT Issues with Cos

23 Jul

The government may adopt a mediation mechanism that will help companies determine their future tax liabilities and e ...
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AGR Payment : Telcos to Wait for SC Decision

23 Jul

Vodafone Idea informed the Department of Telecommunications (DoT) it will wait for the Supreme Court's decision on t ...
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IT rejigs its bills as deals dry up.

23 Jul

Financial engineering has been an industry practice among tech services providers for long, although it is changing now, said Siddharth Pai, an IT out ...
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Five non-telecom PSUs seek clarity from SC on AGR order

23 Jul

Non-telecom public sector units GAIL , Power Grid Corporation,(PGCIL), Oil India (OIL) and two others are filing separate applications in the Supreme ...
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Festive sales to trim YoY auto revenue fall

23 Jul

The festive sales uptick will narrow the on-year decline in revenues of automotive companies in the quarter ending December, in comparison with preced ...
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TCS recognized as world's fastest growing global IT Services.

23 Jul

The annual report ranks TCS as the fastest growing brand within the IT services sector, with the company's overall&n ...
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India Post Bank may Seek up to 1000 Cr Recap

23 Jul

India Post Payments Bank (IPPB) expects up to Rs 1,000 crore recapitalisation from the ...
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SC to hear Request on Modifying AGR Ruling Next Week.

22 Jul

The Supreme Court will next week pleas by Bharti Airtel, Vodafone Idea and Tata Teleservices that they be allowed to negot ...
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DGCA picks five consortiums to take its drone plan airborne

22 Jul

Nandan Nilekani backed ShopX and SpiceJet’s cargo unit SpiceXpress are among five consortiums selected by India’s civil aviation authority to conduct ...
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Lower PF contribution may be allowed for select class of workers

22 Jul

If you are a working woman, a professional with disabilities or a young working male in the age bracket of 25-35 years, you may be allowed to lower yo ...
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KVIC seeks international trademark for khadi items

22 Jul

State-owned Khadi Village Industries Corporation is eyeing international trademark for ‘khadi’ under the Paris Convention for protection of industrial ...
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Government approves up to 100 per cent FDI in Bharti Airtel

22 Jul

Government clears 100% FDI in Bharti Airtel. The department of telecom (DoT) has approved raising of forei ...
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Hyundai will Delay the New Plant by 2-3 years

22 Jul

Korean car manufacturer Hyundai has said it will not build a new factory in India for at least two years, as the economic slowdown and poor consumer s ...
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AGR issue: Telcos likely to move modification plea in SC today

21 Jul

The development follows the Supreme Court last week dismissing pleas of these operators to review its earlier judgement
Without ...
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India’s SWF gets ready to launch non-bank lender

21 Jul

Sensing a huge market opportunity to provide liquidity support to cash-starved Indian infrastructure companies, the National Investme ...
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Air Travel Growth Slips to 3.7 % in 2019 on Jet Collapse

21 Jul

Domestic air travel growth falls to 3.7% in 2019 due to Jet's collapse, economic slowdown. The double-digit growth& ...
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Budget 2020 : Simpler Tax Laws and Dispute Resolution Scheme Needed

21 Jul

The income tax Act was legislated almost six decades back making it archaic over a period of time. There has been a plethora of amendments t ...
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IMF slashes 2019 Growth

21 Jul

IMF cuts India's FY20 growth forecast to 4.8% The International Monetary Fund has slashed&nb ...
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Medium scale cos may be given credit risk cover

21 Jul

In case of medium sector units, the plan is to provide a guarantee on the lines of small enterprises with a cap of&n ...
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Competitive Panel Nod to Jarvis Acquisition of R Jio 's Arm

21 Jul

The CCI has approved Brookfield Asset Management's Rs 25215 crore acquisition of 51 % stake in Reliance Jio tower arm via its affiliate BIF IV Jarvis ...
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Govt may include off Budget Spending for a Clearer Picture

20 Jul

The Centre could include a host of off-budget spending and other government liabilities on i ...
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Plan likely to give NBFCs more lending room.

20 Jul

The government is debating a mechanism to get credit flowing by providing support to non-banking finance companies (NBFCs) amid a growing realisation ...
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Telecom companies starved for funds,Mobile bill may rise up to 30%.

20 Jul

The country’s billion plus mobile users may have to brace for more sharp jumps in phone bills by end-2020 itself with telcos likely to raise prices by ...
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LNG Pumps Network Being Planned along 6000 km long Golden Quadrilateral.

20 Jul

India is planning a network of liquefied natural gas (LNG) fuelling stations along its ...
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India Inc Wants a Single Corporate Tax Rate of 15% over Three Years

20 Jul

Corporate India has pitched for “uniform” rate of corporate tax, further slashing the existing rate of 22 per cent for existing firms and bringing it ...
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Karvy Fallout Power of Attorney may Lose Sting in Bid to Protect Clients

20 Jul

SEBI may soon bar brokers from using power of attorney (POA) privileges that give them control of clients demat accounts to prevent misuse as in the c ...
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Vodafone Idea may pay part of AGR dues to stay afloat.

18 Jul

Vodafone Idea may offer the government a small part of its statutory dues by January 23 to ensure it doesn't get a defaulter's tag or incur the d ...
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Budget 2020 should hike tax breaks for house property income to boost realty.

18 Jul

There are many things that the common man expects from the finance minister in the upcoming budget, especially with regards to taxation. O ...
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Government has failed in e-mobility mission, says plea in Supreme Court

18 Jul

The Supreme Court on Friday sought the response of the government on a petition that alleges the non-implementation of the National E-Mobility Mission ...
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Piramal to sell healthcare insights, analytics business for $950 million

18 Jul

The deal includes $900 million on closing and $50 million to be received at the end of 12 months thereon
The transaction is subject to ...
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All foreign investments must adhere to law of the land

18 Jul

Union minister Piyush Goyal on Friday said the country welcomes all kinds of investments that follow the "letter and spirit" of the law.Goyal said tha ...
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Petrol, diesel prices cut for the third consecutive day.

18 Jul

Fuel prices dropped for the third consecutive day today across all major cities in India
The retail prices of fuel are dependent on th ...
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Suspected big bank fraud cases to be vetted by panel before probe

17 Jul

The five-member board will function as the first level of examination for all alleged cases of fraud involving Rs 50 crore or more ...
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RBI should target core inflation at 3 per cent.

17 Jul

The newly appointed chairman of the Standing Committee on Statistics, has said core inflation target of 3% with an upper tolerance leve ...
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SC rejects telcos’ plea to review verdict on payment of Rs 92,000 crore to Centre

17 Jul

In a blow to telecom companies, the Supreme Court on Thursday refused to re-examine its verdict by which it had directed them to pay around Rs 92,000 ...
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India seeks to push sugar, rice exports to Indonesia.

17 Jul

The government has sought a deal with Indonesia to push Indian sugar, rice and bovine meat in return for higher quantity of palm oil imports from the ...
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Plans a Foot for Cheaper Loans for Exporters.

17 Jul

The government is working on a scheme to provide cheaper loans to exporters to address their liquidity concerns and give a boost to slumping exports.& ...
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Supreme Court Stay in Hand, Tata Sons to Hold Board Meet Shortly

16 Jul

Supreme Court stay in hand, Tata Sons to hold board meet shortly. MUMBAI: Tata Sons has finalised plans for a ...
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Govt likely to Raise LTCG Tax Holding Period to Two Years.

16 Jul

The Modi government is considering raising holding period for imposition of tax on long-term capital gains (LTCG) by one year in the upcoming Union Bu ...
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Government proposes grant of Rs 1.1 lakh crore for state Discoms

16 Jul

The government plans a grant of over Rs 1.1 lakh crore to state power distribution companies under ...
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Proposal looks to Decriminalise most offences under Companies Act.

16 Jul

Proposal looks to decriminalise 2/3rd offences under Companies Act. ... Further, the cabinet will consider a proposal< ...
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Exports Shrink 1.8% in Dec to Suffer Fourth Month of Fall.

16 Jul

India’s exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the ...
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Exports Shrink 1.8% in Dec to Suffer Fourth Month of Fall.

16 Jul

India’s exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the ...
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Unsecured consumer loans grow most, credit card dues at Rs 1L Cr.

16 Jul

Credit card balances and personal loans have recorded the highest growth rates as lenders expand the mar ...
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Over 1,200 exporters untraceable, Rs 350 crore fake IGST refunds saved.

16 Jul

Revenue Department using its data analytics has discovered a fraud in GST refunds with as many as 1,200 exporters, who have have claime ...
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Govt should step up expenditure to spur consumption.

15 Jul

The government should step up expenditure to spur consumption and improve ease of doing business to rev up the economy, new F ...
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Government seeks Rs 19,000 crore dividend from oil companies.

15 Jul

The government is seeking a record Rs 19,000 crore in dividend from state oi ...
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PSU banks likely to disburse Rs 25,000 crore more to NBFCs.

15 Jul

The government is likely to set a target for disbursing at least Rs 25,000 crore under the Partial Credit Guarantee (PCG) scheme that seeks to ease th ...
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UVARCL,asset reconstruction company emerged as top bidders for debt-hit RCom, group companies

15 Jul

RCom, once a flagship company of the Anil Ambani-led group, received bids from Bharti Airtel and ...
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WPI inflation jumps to 7-month high in Dec.

15 Jul

The rate of inflation at the wholesale level surged to a seven-month high of 2.59 per cent i ...
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Extra MPC meet likely, RBI may hold rates in February.

15 Jul

The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is likely to hold a consultation before its next bimonthly meet in February,g ...
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Looking to slash Rs 70K cr arbitration liability via conciliation.

13 Jul

The National Highways Authority of India (NHAI) is looking to settle a majority of its arbitration cases, with claims runni ...
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Government decides to put Legal platform in place to counter cheap imports.

13 Jul

India is putting in place a legal platform to help small and medium enterprises, threatened by cheap imports in their fight ...
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Walmart India Sacks Over 100 Senior Executives

13 Jul

Walmart announced the layoffs of more than 100 senior executives including vice presidents across sourcing, agri-busin ...
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Govt eyes curbs on toys, TV set imports.

13 Jul

The import of electrical machinery and equipment, including TV sets, accounted for over 10% of India's imports during 2018-19 ...
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Small businesses may see tweaked resolution model.

13 Jul

The cabinet committee on investment and growth has asked ministries to consider modifications in the resolution mechanism for small companies and the ...
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Upto 24% defaulters had safe credit rating

13 Jul

Nearly a fourth of borrowers who defaulted to banks carried an investment grade rating upto a quarter before they defaulted according to a report publ ...
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Relief for Tata as SC stays NCLAT order reinstating Mistry

11 Jul

The Supreme Court on Friday said there were “basic errors" in the National Company Law Appellate Tribunal (NCLAT)’s observations and stayed the tribun ...
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Infy results a mixed bag, but stock’s rise to hinge on revival in mainstay verticals

11 Jul

The December quarter performance of Infosys was a mixed bag. While revenue and profit growth was broadly on expected lines, the operating margin was b ...
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IL&FS plans equitable distribution of sale proceeds to creditors

11 Jul

In a relief to operational, unsecured creditors and provident funds, the IL&FS board has decided to revise the distribution framework for group re ...
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Supreme Court asks Karnataka HC to finish Vijay Mallya's plea hearings in 6 months

11 Jul

The Supreme Court on Friday asked the Karnataka High Court to wrap up hearing, preferably within six months, appeals filed by United Breweries Holding ...
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Factory output makes modest recovery in November, driven by manufacturing

11 Jul

India’s industrial production recovered from three months of contraction to expand by 1.8% in November, signalling an early but weak improvement in th ...
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Auto sales 20-year-low, decline by over 13%

11 Jul

The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across ...
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Sachin Bansal Acquires DHFL General Insurance

10 Jul

Flipkart cofounder and former CEO Sachin Bansal has acquired Mumbai-based insurance company DHFL General Insur ...
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Bharti Airtel receives subscriptions up to $10b

10 Jul

Bharti Airtel's $3 billion fundraising exercise has been subscribed more than three times, garnering pledges of&nb ...
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PM calls for focussed effort to make India $5T economy.

10 Jul

Prime Minister Narendra Modi on Thursday called for a focussed effort to make India a $5 trillion economy in an interaction with economists, ...
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The Government is set to slash the time taken for starting a new business to 5 days.

10 Jul

The Government is set to slash the time taken for starting a new busin ...
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Railway gives push to green energy projects.

10 Jul

The Railways is accelerating its efforts to install and use renewable energy as part of its objective to reduce carbon footprint and reduce its power ...
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Tax Dept Allows Joint Property Owners To File Returns Using Simple Forms.

10 Jul

The Income Tax Department on Thursday allowed joint owners of single house property to file income tax return using simple Form-1 (Sahaj) or Form-4 (S ...
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Soft Bank Group Corp is in talks to sell a majority stake in its renewable energy.

09 Jul

SoftBank Group Corp wants to sale its stake in renewable energy joint venture in India as it looks to raise cash after facing se ...
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Family of Gati Promoter Moves NCLT, Alleging Mismanagement of Co.

09 Jul

The spouse and sons of Mahendra Agarwal, the promoter of listed logistics firm Gati, have approached the National ...
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Disclosure Rules to Curb Insider Trading Spook Top Executives

09 Jul

A rule mandating top managers to disclose personal financial dealings is turning out to be a tricky problem for many , with senior executives scrambli ...
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Competition Commission of India pitches for self-regulation of E Commerce Platforms

09 Jul

The CCI has also recommended that platforms describe the key parameters of search rankings .The Competition Commission of India (C ...
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ED seeks non-bailable warrant against Dheeraj Wadhawan(DHFL Promoter).

09 Jul

The Enforcement Directorate (ED), investigating the case related to the late underworld gangster and drug trafficker Iqbal Mirchi, has asked the speci ...
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First advance estimates pegs GDP growth at 5 per cent for FY20.

08 Jul

India's economy is forecast to grow 5% this fiscal, its slowest pace in 11 years, estimates released by the government o ...
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Two schemes floated to revive stranded gas-based power units.

08 Jul

The power ministry has finalised two schemes to procure 4,000 MW from gas-based power plants ...
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India Needs Developmental FIs

08 Jul

India needs development finance institutions (FIs) to fund the capital expenditure needs of Indian companies . The need for ...
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SC rejects Government's plea challenging refund of Rs 104 crore

08 Jul

SC rejects Centre's plea challenging refund of RS 104 cr ordered by TDSAT to RC ...
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IBBI Bars Promoters From Buying Back Companies Through Liquidation.

08 Jul

The move will close doors on promoters regaining control of their insolvent firms during liquidation proceedings. The IBBI said it ...
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Govt. Taking steps to ease taxation system:

08 Jul

The finance minister said the faceless e-assessment scheme was launched in October 2019 to eliminate interface between an assessing o ...
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R-Power defaults, lenders face insolvency deadline.

08 Jul

On July 6, 2019, all the main lenders of Reliance Power had signed an -creditor agreement (ICA). sed on the ICA, lenders had agreed to a six-mon ...
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Crisil to renew analytics focus.

07 Jul

Crisil has signed a definitive agreement and expects to close the deal by the first quarter of fiscal 2021. The market for benchmark analyti ...
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Oil prices jump 2%.

07 Jul

Local rates of petrol and diesel, already at a 13-month high, are poised to rise further as crude oil advanced anot ...
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Companies with large borrowings to undergo secretarial audit

07 Jul

Companies with total outstanding debt of Rs 100 crore or more to banks and financial institutions will also now have to s ...
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AI, machine learning can help achieve $5 trillion target:

07 Jul

Our government believes artificial intelligence, in different forms, can help us achieve the $5 trillion benchmark over the next five years, but also ...
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RBI allows 24x7 forex market operations via select banks

07 Jul

The Reserve Bank of India (RBI) on Monday said select banks in India can offer forex rates to Indian purchasers beyond the inter-monetary institution ...
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Retail investors should avoid kneejerk reaction

07 Jul

Small and retail investors should not panic and take a hasty decision . with their money and other investments in the current volatile market ,brokers ...
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Tata Trusts was Forced to Surrender Registration

06 Jul

Contrary to claims made by the Tata Trusts that it had surrendered its registration voluntarily, the tax department has clarified that the move was a ...
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NHAI downsizes toll-operate-transfer-4 bid by Rs 2,000 crore

06 Jul

The NHAI has now downsized the package, reducing the initial estimated concession value (IECV)—the base price of the bid—to Rs 2,165 crore. The conces ...
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Eyeing Top 50 of the World Bank's Ease of Doing Business Index

06 Jul

Amendments to the Insolvency & Bankruptcy Code to include operational creditors in committee of creditors and disposal of old ...
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Coffee Day promoters' stake dives to 17% from 54%

06 Jul

Coffee Day promoters' stake dives to 17% from 54% The shareholding of Coffee Day Ente ...
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Govt approves 2600 EV charging stations

06 Jul

In a big move towards the push for electric vehicles, NITI Aayog CEO, Amitabh Kant has announced that the government has approved the installation of ...
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BS-VI shift may push demand for engineering graduates by 20%

06 Jul

The change of BS6 can boost the demand for engineering graduates by 20% Chennai: The BS6 change< ...
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High-end 5G Handsets Likely to Arrive in India in First Half of 2020

04 Jul

Indian consumers can expect first set of 5G phones as early as in the first half of 2020, al ...
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Sebi comes down heavily on cos. non-cooperating with Credit Rating Agencies

04 Jul

In order to further strengthen the rating process, the Sebi issued directions to credit rating agencies (CRAs) with regard to issuers who do not coo ...
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Insurance Startups Get $183 m in 2019

04 Jul

Insurance Startups Get $183 m in 2019. Mumbai: India's nascent 'Insurtech' sector seems to be coming of age attracting investments worth $183 million ...
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Oyo Hotels to be profitable before IPO as required by SoftBank

04 Jul

On instructions of its investor Softbank,Oyo sets internal deadlines for all its self operated Hotel businesses to be operational ...
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Andhra Pradesh Govt. Starts Clearing Renewable Energy Companies Dues.

04 Jul

Andhra Pradesh starts clearing renewable dues this week. Home to India's second-largest installed capacity of clean energy,&nb ...
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Adani Ports to Acquire 75% Stake in Krishnapatnam Port

04 Jul

Adani Ports and Special Economic Zone (APSEZ) is going to acquire 75% stake in Krishnapatam Port company. The acquisition would be funded through inte ...
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Consumer Goods Festive Sales Hit a Four - year High

03 Jul

Retailers and consumer goods companies said sales in the October-December festive quarter had been ...
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Tata Sons moves SC against NCLAT order directing Cyrus

03 Jul

Tata Sons Private Limited (TSPL) moved the Supreme Court on Thursday, challenging the December 18 decision of the NCLAT& ...
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TV Broadcasters Miffed at Trai's New Caps on Channel Pricing .

03 Jul

As per the new amendments, Trai has reduced the cap on the MRP of individual channels, ...
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Factory activity strengthens in December, PMI rises to 52.7

03 Jul

The IHS Markit India Manufacturing PMI rose to 52.7 in December from 51.2 in November, remaining above the 50-mark thres ...
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DoT's total demand from non-telcos twice that from telcos

03 Jul

The Department of Telecommunications (DoT) has slapped a Rs 15,019-crore demand notice on Gujarat Narmada Valley Fertilizers & Chemicals Ltd, taki ...
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BPCL, Air India, Concor divestments unlikely in FY20 .

03 Jul

Strategic divestments in Air India, Bharat Petroleum Corporation (BPCL) and Container Corporation of India (Concor) are “unlikely" this fiscal, Press ...
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Finmin pushes banks biz to put in RuPay Infra

03 Jul

With a large number of of banks only issuing Mastercard or Visa Cards ,the finance ministry has decided to ask them to ensure that there is no infrast ...
Read more

Banks not keen to lend big to small businesses

02 Jul

The lending of banks to MSME reduced by 3.43% in November 2019, despite measures by the govt. to boost credit flow to businesses. The reduction in the ...
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Import duty exemption on routers to continue

02 Jul

The finance ministry has clarified that routers will continue to enjoy zero import duty status, all ...
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Lost phones can be tampered with Tracking may be Limited .

02 Jul

A central registry launched by the government to block and track stolen and lost mobile phones may ...
Read more

Coal mining may be opened up to all sectors before next auction

02 Jul

The Centre proposes to open up bidding for coal blocks to all firms with offices registered in India. As per section 11A of the MMDR Act, the Centre c ...
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Trai offers more TV channels at lower price .

02 Jul

India’s cable TV users could soon access more channels at a lower subscription price—a move that’ ...
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Retail demand for cars in positive zone in Sept - Nov

02 Jul

Riding on heavy discounts particularly for BS4 models, retail sales of cars and SUVs have shown an increase for three consecutive months. According to ...
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Tata to seek urgent SC relief as TCS Board Meet Looms

01 Jul

Tata Sons will move the Supreme Court to seek early interim relief from the tribunal order .
Group to file an appeal on January 2 although a hearin ...
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FM Unveils Rs 102L cr Infra Plan for 5 Years

01 Jul

Nirmala Sitharaman gives India Rs 102 lakh cr infra push ... Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102&n ...
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Adani , NTPC in fray for stressed Avantha Plant

01 Jul

Adani Power and NTPC Ltd are in the race to acquire a 1,260 megawatt thermal power plant of Gautam Thapa ...
Read more

office , Affordable Housing Shine in a Tepid Realty Market Last Year

01 Jul

India's property industry continued its choppy ride through 2019 with commercial assets finding more takers even as affordable homes, underpinned by f ...
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Fiscal deficit hits 115% of Budget estimate in November

01 Jul

The country's fiscal deficit hit 114.8 per cent of 2019-20 Budget Estimate at Rs 8.07 lakh crore at the end of ...
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Small savings schemes: Govt keeps interest rates unchanged

01 Jul

The rates of interest on various small savings schemes for the fourth quarter of the financial year 2019-20 starting ...
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Core sector output falls for 4th month, dips 1.5% in November

01 Jul

Core sector output falls for 4th month, dips 1.5% in November. For the first time in eight years, ...
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Home loans set to get cheaper as SBI lowers lending rate by 25 bps

31 Jul

State Bank of India (SBI), the country’s largest lender, on Monday cut its lending rates linked to the central bank’s repo rate by 25 basis points ( ...
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PAN-Aadhaar linking deadline extended again, today's the last date

31 Jul

CBDT extended the due date for linking of PAN with Aadhaar from 31st December, 2019 to 31st March, 2020.
Read more

FY20 merchandise exports likely at $330-340 billion

31 Jul

We feel our goods exports may touch $330-340 billion in the current fiscal… If the global situation improves, which is likely in the first half of 2 ...
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Government will review existing FTAs to protect interest of domestic industry.

31 Jul

Union Minister for Commerce and Industry, India had decided not to join the Regional Comprehensive Economic Partnership (RCEP) in interest of d ...
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Grant Thornton emerges as new challenger to Big Four .

31 Jul

After more than a decade, a professional services firm has managed to break the stranglehold of the Big Four in the ranking of number ...
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Big 4 audit companies scramble for forensic assignments of scam-hit corporates

31 Jul

The Big Four audit firms — Deloitte, PwC, EY and KPMG — may be under the scanner for lapses in big corporate frauds, but their forensics businesses ar ...
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Airtel prices increased for Prepaid users

30 Jul

Airtel on Sunday increased the cheapest entry plan for its prepaid customers to Rs 49 from Rs 35 . The new plans offer calling and data benefits ...
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Finmin , IRDAI seeks bank account insurance

30 Jul

In the wake of the PMC Bank crisis, the finance ministry and insurance regulator IRDAI have asked i ...
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Companies cautious after WeWork, Uber hiccups

30 Jul

Companies cautious after WeWork, Uber hiccups. ... In fact, more than 42% of the respondents said the current environment was ...
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All-in-one Diigital Repository of Official Data in the Works .

30 Jul

An umbrella information portal collating official data on Read more

India's economy is expected to rebound in 2020 on govt measures: CII

30 Jul

India's economy is expected to rebound in 2020 on the back of measures taken by the government and the Read more

European Union's wines, cars may get cheaper .

30 Jul

European Union's wines, cars may get cheaper. The government is indicating flexibility in reducing import duties o ...
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SBI announces OTP-based night-time ATM cash withdrawals from January

28 Jul

Public sector state-run State Bank of India (SBI) will launch an one-time password (OTP)-based ATM cash withdrawal facility from January 1, 2020, as a ...
Read more

Public sector banks' gross NPA ratios may rise to 13.2% by Sept 2020

28 Jul

Change in macroeconomic scenario, marginal increase in slippages might be the reasons, says RBI in its Financial Stability Report
The ...
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RBI sounds the alarm about purchasing ratings

28 Jul

RBI ...
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Auto blues: Passenger vehicle sales may skid 13% this year

28 Jul

The industry is estimating sales to fall 13% from last year — worse than an 8% decline, the steepest so far, ...
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Loan frauds surge to 90% in FY19

28 Jul

A percentage of total banking frauds jumped to 90% in fiscal 2019 from 55% in fiscal 2018 after regulatory standards were changed ...
Read more

Trai may not be able to fix floor for telecom tariffs before June

28 Jul

The floor price, if at all fixed by Trai (Telecom Regulatory Authority of India), is un ...
Read more

Airtel, Tata Teleservices Yet To Get Govt, Nod For Merger

27 Jul

Airtel and Tata Teleservices have failed to receive a nod from the government for thei ...
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DoT to seek TRAI’s views on new 5G spectrum, wants sale of additional bands in 2020

27 Jul

The Department of Telecom will soon seek sector regulator TRAI’s recommendations on pricing and other modalities for coveted 5G bands of 24.75-27.25 G ...
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Audit partners seek more salary for extra risk

27 Jul

Audit partners at top professional services firms including the Big Four have started demanding a “risk premium”, as regulatory scrutiny is increasing ...
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PFC and REC may extend loans with stricter riders to state power discoms

27 Jul

The government is considering extending loans from Power Finance Corp and Rural Electification Corp to state power distribution companies to help them ...
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Regulator for railways coming soon, train fares likely to go up

27 Jul

Railway fares are expected to shoot up as the government is almost ready to set up by June an independent railway regulator that will determine passen ...
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Income Tax slab Rate Revision - Budget 2020

26 Jul

A flat tax rate without exemptions, new slabs for those earning higher incomes, cuts in personal income tax in line with those in corporate tax. These ...
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RBI warns banks over focus on retail loans

26 Jul

The Reserve Bank of India (RBI) has red-flagged banks on retail lending over slowing economic activity and negative consumer sentiment.The federal ban ...
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Five NBFCs beat sector gloom, clock up to 117% returns YTD

26 Jul

Stocks of five non-banking finance companies (NBFCs) rose by 50 per cent or more in 2019 defying turbulent times for the sector amid liquidity crunch ...
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NCLAT Dismisses IT Dept Plea Against Reliance Jio On Demerger Of Tower, Fiber Units

26 Jul

The NCLAT has dismissed petitions filed by the IT Department objecting over the approval granted to Reliance Jio Infocomm scheme to demerge two of its ...
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BS 4 & BS 6 price gap to boost used car market

26 Jul

12 % rise in used car market sales at 4.2 million units in 2019 so far
15 % growth expected in used car market in 2020
...
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Banks turning around on improved asset quality and capital base

25 Jul

While the Indian banking sector’s financial parameters such as bad loans and capital adequacy have shown an improvement in recent times, the overall h ...
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Restructuring of the Indian Railways, merger of 8 services

25 Jul

The Union Cabinet on Tuesday approved an organisational restructuring of the Indian Railways, unifying eight services into one and making the Railway ...
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IMF calls for 'urgent' action by India amid slowdown

25 Jul

India is in the midst of a significant economic slowdown, the International Monetary Fund (IMF) has said, asking for urgent steps to reverse slowdown ...
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Put 2 slabs of 10% & 20%, GST revamp panel told

25 Jul

A panel of officers looking at a revamp of the goods and services tax (GST) has received suggestions for putting in place two slabs of 10 % and 20 %, ...
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Govt to bring ordinance to amend insolvency law

25 Jul

The government will introduce an ordinance to further amend the insolvency law to remove ambiguities and ring-fence successful bidders in suc ...
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Telcos to witness reduction in Licence Fee

24 Jul

Licence fees of telecom companies may get trimmed from 8% to either 5% or 6%, what would be a second major step to revive an industry struggling wit ...
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Govt Plans to incentivize Phone Cos to Make in India

24 Jul

The government is considering a proposal to sweeten export incentive scheme for smartphone manufacturers such as Apple, Samsung, Huawei, Vivo and Op ...
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Stuck Housing Projects to get investment via Non Convertible Debentures

24 Jul

The government’s Rs 25,000-crore Alternative Investment Fund (AIF), which aims to offer funding in stuck housing projects, will take the route of no ...
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Toll Collection Via FASTags Nears 50% Mark from total collection

24 Jul

On an all-India level, toll collection via FASTags has reached 46%, and it is growing every day.. Toll plazas around Delhi are doing slightly ...
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Carmakers Get allowance to Equip Vehicles with Microdots

24 Jul

The government on Monday notified rules allowing automakers to equip vehicles with microdots, a move aimed at checking vehicle thefts and fake spare ...
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RoC files application to NCLAT on Tata Sons & Mistry case

24 Jul

Registrar of Companies (RoC) from Mumbai has filed an application to the National Company Law Appellate Tribunal (NCLAT), seeking to be heard in the ...
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Lending on peer-to-peer platforms capped at Rs 50L by RBI

24 Jul

To protect consumers interest, the RBI on Monday decided that the aggregate exposure of a lender to all borrowers at any point of time, across all P ...
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Issuing debit cards for dormant a/cs stopped by Banks

23 Jul

Banks have stopped suo motu issuing debit cards for dormant accounts. For a bank, it is not prudent to keep servicing dormant accounts. One, the ...
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Discharge of workers in unicorn club set tone for tougher 2020

23 Jul

The era of growth at all costs for private technology companies is coming to an end. India’s most-valued startups, including Oyo, Ola and Quikr...
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Glitches in ITR Processing Lead to high Tax Liability on Capital Gains

23 Jul

Hundreds of taxpayers have received notices from the income tax (I-T) department whose systems are unable to process the tax returns correctly...
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Methanol Blend on Cards, Oil Import Bill may be reduced by Rs . 5k Cr

23 Jul

The government is looking at introducing methanol-blended fuel pan India, a move that can potentially reduce one’s fuel bill by at least 10%, ...
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No immediate liability in Panna, Mukta and Tapti (PMT) profit dispute for RIL

23 Jul

Reliance Industries has no immediate liability in the dispute with the state over profits from Panna, Mukta and Tapti (PMT) fields as the arbitrat ...
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Economy currently facing liquidity problem, demand recession

23 Jul

The economy is facing a liquidity problem and demand recession, and it requires measures to lift consumption, including reduction in goods and ser ...
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NCLAT strips Tata Sons off private company status

20 Jul

The National Company Law Appellate Tribunal (NCLAT), which ordered the reinstatement of the ousted chairman Cyrus Mistry, has also said that the con ...
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NCLT allows more time to draw bids for grounded Jet Airways

20 Jul

The bankruptcy court has directed the lenders of Jet Airways to take a decision on allowing fresh expressions of interest (EoIs) for the sale of the ...
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India Inc seeks a single corporate tax rate of 15% over three years

20 Jul

Corporate India has pitched for “uniformity” in the corporate tax rate, stating that a rate of 22 per cent for existing firms and 15 per cent for ne ...
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Government mulls cap on surge pricing, penalty against drivers of cab aggregators

20 Jul

The Centre is likely to cap surge pricing charged by taxi aggregators such as Read more

Low job creation: Niti Aayog plans to seek opinion of experts

20 Jul

Taking cognisance of low employment generation and faltering economic growth, Niti Aayog plans to seek the opinion of domain experts—industrialists, e ...
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RBI launches special operation to forcefully lower interest rates

20 Jul

To forcefully bring down the rate of interest in the economy, the RBI on Thursday said it would buy government securities (G-Secs) with a 10 year ma ...
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Tata eyeing 49% stake in Walmart’s India wholesale business

20 Jul

Tata Group is looking to pick a 49 percent stake in Walmart India’s cash-and-carry ‘Best Price Modern Wholesale’ business, a move that will fast-track ...
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NCLAT’s Orders to Reinstate Mistry reffering his removal as illegal

19 Jul

The NCLAT ordered reinstatement Cyrus Pallonji Mistry as the removal of chairman was illegal. Whereas, Tata Sons would soon move the Supreme Court c ...
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Telecom Industry Needs Some Sanity and Orderliness: Mittal

19 Jul

Trai’s point that it may be difficult to regulate only data rates, and not voice, and bring in a tariff ceiling to protect consumers. As per Sunil M ...
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Startups Seek Clarity on Key Tax Issues

19 Jul

Startups dealing with global technology companies registered outside India claims that they pay more taxes on their revenues. Startups are required ...
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States raise their voices for Relaxing Fiscal Deficit Target

19 Jul

Sitharaman had fixed the Centre’s fiscal deficit target at 3.3% of GDP for F.Y.20 in the budget presented in July, compared with 3.4% in F.Y.19. S ...
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Rs 1cr Penalty on Cards for faulty Medical Devices

19 Jul

Niti Aayog, think tank for govt., has recommended a penalty of up to Rs 1 crore for selling faulty medical devices, revealing a patient’s identity o ...
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PEs, VCs Want PF Money in Startup Funds

18 Jul

India’s private equity and venture capital industry is asking that domestic pension funds allocate 1% of their overall assets to alternate investment ...
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Grievances against Central depts up 15% in 2019

18 Jul

Public grievances regarding central government departments have increased almost 15% year-on-year in 2019 to surpass 1.8 million, with just five depar ...
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Income Tax Cut Can Wait Till Bigger Issues are Resolved: CII

18 Jul

The Confederation of Indian Industry (CII) has said a reduction in personal income tax could wait while the government fixes bigger issues related to ...
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Refiners Seek Govt Nod to Raise Prices

18 Jul

Refiners are seeking government support for their plan to raise consumer prices to recover heavy investments they have made in upgrading their facilit ...
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NBCC to acquire Jaypee Infra, work on stalled projects to start in 6 months

18 Jul

The Committee of Creditors (CoC) of Jaypee Infratech has selected staterun NBCC (India) as the winner in the race to acquire the debt-hit realty devel ...
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Govt asks taxman to push for higher FY20 collection

18 Jul

Facing a massive shortfall in collections, the government on Tuesday asked tax officials to launch a multi-pronged exercise to push mop-up and asked t ...
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Trai studies floor price for call, data tariffs

18 Jul

Telecom regulator Trai on Tuesday initiated a consultation to fix floor rate, or a minimum stipulated tariff, for mobile phone calls and data — a move ...
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To Boost Local Manufacturing this budget might rejig the Duties

17 Jul

The upcoming budget could see another rejig of basic customs duties on select products as the government attempts to push local manufacturing. The com ...
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Foresaw Slump, Hence Previous Rate cuts says Das

17 Jul

RBI governor Shaktikanta Das said the Monetary Policy Committee (MPC) had acted in anticipation of the economic slowdown before keeping interest rates ...
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India's MSCI EW index set to go up by 70 bps

17 Jul

India’s weightage in the MSCI Emerging Market index is set to rise as the Finance Minister on Friday confirmed implementation of the Budget announceme ...
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IT, Electronics companies seek less GST on MEIS

17 Jul

Reinstatement of a key export incentive to 4%, lowering of goods and services tax (GST) on entry-level mobile phones and support to local phone manufa ...
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Anil Ambani faces trial in London HC

17 Jul

Anil Ambani is set to stand trial in the London high court after narrowly avoiding a summary judgment on Monday against him, which would have forced h ...
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Food Cos Write to FM as GST Fears Mount

16 Jul

The All India Food Processors’ Association (AIFPA), which has members such as ITC, Mondelez, Haldiram, Bikanervala, PepsiCo, Nestle and various small ...
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Unsure of Future, Telco Staff Seek Opportunity Elsewhere

16 Jul

Thousands of employees at Vodafone Idea (VIL) and Bharti Airtel are looking out, after the telecom companies posted unprecedented losses and stare at ...
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Govt Took Several Steps for Ease of Doing Business: MCA

16 Jul

The government has taken several measures this year for ease of doing business, besides strengthening the insolvency and bankruptcy framework, the Min ...
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Most dues paid, but Essar Steel’s promoters not off the hook yet

16 Jul

Promoters of Essar Steel are not yet off the hook despite banks getting a large part of their dues back. The Lakshmi Mittal-owned metals group Arcelor ...
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India’s Corp Tax Cut a Strong Signal to Investors: PwC Executives

16 Jul

India’s move to cut the corporate tax rate sends a strong signal to global investors that it is serious and open for business, said Colm Kelly, global ...
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Govt mulls new duty on imports

16 Jul

Ahead of the Budget, the commerce department has asked the finance ministry to levy border adjustment tax (BAT) on imported goods to offset the impact ...
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Government funds to Boost NBFCs, HFCs and Realty may Flow Soon

14 Jul

The government’s schemes to help revive the flagging economy by supporting nonbanking finance companies (NBFCs) and housing finance companies (HFCs) a ...
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Religare Health Trust Puts on Hold Winding up Plans

14 Jul

Religare Health Trust (RHT) has halted plans to wind itself up after the Supreme Court sought an inquiry into the purchase of assets from the trust by ...
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Brokers Want Dividend Tax to Go, Also Seek Relief on STT & LTCG

14 Jul

Indian stock brokers have sought the reintroduction of rebates on the payment of securities transaction tax (STT), withdrawal of dividend distribution ...
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Tata Motors Surges After UK Poll Results Brighten Brexit Hopes

14 Jul

Shares of auto-maker Tata Motors hit an over sixmonth high on Friday as the Boris Johnson-led Conservative Party won the elections in the UK – an impo ...
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Moody’s Keeps India GDP Growth Forecast at 5.6%

14 Jul

Moody’s Investors Service reiterated India’s gross domestic product growth forecast for 2019 at 5.6%, which it had lowered from 5.8% in October, on sl ...
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Banks Recover Rs.6,000 crore in Prayagraj Sale

14 Jul

A consortium of 18 lenders, led by State Bank of India (SBI), have successfully recovered ₹6,000 crore from the sale of the debt-laden Prayagraj Power ...
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Ambit Capital Pays ₹6 cr to Settle Insider Trading Case with Sebi

14 Jul

Brokerage Ambit Capital has settled a case of alleged insider trading in Manappuram Finance shares with the Securities and Exchange Board of India by ...
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Factory Output Shrinking, Inflation on all time high

13 Jul

Industrial production contracted for the three consecutive months running in October with the festival season failing to provide any boost whi ...
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Class-action lawsuit against Infosys filed by US firm

13 Jul

Another US law firm, Schall Law Firm, has filed a class-action lawsuit against Infosys on behalf of shareholders of the company. Schall is the fourt ...
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Tackling e-waste, an emerging challenge for companies

13 Jul

India having a poor record in recycling e-waste despite being one of its largest producers globally as the country recycles only 5% of the two milli ...
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Maruti reconsidring its plan to Ditch Diesel vehicle

13 Jul

Maruti Suzuki is reconsidering its idea of ditching diesel vehicles from its portfolio, after its key rivals decided to continue in the segment. The ...
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Benefits of govt scheme yet to availed by NBFCs

13 Jul

Seeking additional security from NBFCs is a forced move, that banks has to take, as banks are still to receive any guarantee from the government for p ...
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Choice of Third Party Administrator available while buying insurance

12 Jul

Insurance regulator IRDAI, as part of the amendments to the Third Party Administrators (TPA) Regulations, 2016, has allowed policyholders to choos ...
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Help of Govt. seeked by telcos for survival

12 Jul

Telecom industry is passing through its most difficult period in the past 25 years and needs protection of the government to survive the unprecedented ...
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Over 25% of Adani Electricity Mumbai (AEML) to be bought by Qatar SWF

12 Jul

Adani Transmission announced that it will sell 25.1% stake in its arm Adani Electricity Mumbai (AEML) to Qatar Investment Authority for around Rs 3,20 ...
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Ordinance under Works to Ensure Power pact is honored

12 Jul

The Centre may take a major initiative in the power sector with an ordinance to ensure sanctity of contracts, restrict cross-subsidisation of consumer ...
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India may shift to Chain Base mechanism for GDP estimates

12 Jul

The government is considering a shift to the chain base method of calculating gross domestic product, where national account statistics or GDP estimat ...
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Ministry seeking Global Size Standards, may amend Central Motor Vehicle Rules

12 Jul

The road transport and highways ministry has put forward a draft notification to amend the Central Motor Vehicle Rules as they want the dimensions of ...
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Exemptions for Govt Agencies from the proposed Personal Data Protection Bill may be a small reason to worry

11 Jul

The proposed Personal Data Protection Bill, which is supposed to allow the Centre to exempt its agencies from provisions, is raising concerns as ...
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RBI Widens Duty of Bank Auditors to Check Lapses

11 Jul

Auditing banks is one of the trickiest and most demanding jobs. Reserve Bank of India (RBI) asked Auditors to carry out a more intensive examination o ...
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India Quit's membership of RCEP Over Unresolved Issues

11 Jul

India decided to stay out of the Regional Comprehensive Economic Partnership (RCEP) trade agreement as its concerns and outstanding issues were not be ...
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RBI had no objection to Electoral Bonds via SBI

11 Jul

Finance minister Nirmala Sitharaman told that Reserve Bank of India had no objection to the issuance of electoral bonds through SBI. RBI being a stake ...
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Gold's impressive advance is expected to continue in 2020

11 Jul

Trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying have aided gold. Economic growth an ...
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