Breakingnews - Vsctaxsol.com

NEWSFEED

Sale of small diesel cars and sedan fallen to 1.8% during April-July

11 Aug

The Indian car buyer does not want to buy diesel-powered vehicles anymore. The share of diesel variants in sale of small cars and sedans has fallen to ...

Govt may allow co-operative banks to lend under MSME Emergency Credit Guarantee Scheme

11 Aug

The government is looking to make urban co-operative banks eligible to lend under the Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) f ...

Scope of Gratuity can be widened to include contract, seasonal and gig workers

11 Aug

The labour ministry may widen the scope of gratuity to include contract workers, gig workers, seasonal workers and fixed-term employees by reducing th ...

Equity Mutual Funds see first monthly outflow in July after 4 years

11 Aug

Equity mutual funds witnessed the first month of net outflows in July after four years as jittery investors preferred to stay in cash after the sharp ...

ICICI launches Rs 15,000 Cr QIP issue, whereas Indigo to raise upto Rs. 4,000 Cr.

11 Aug

Leading private sector lender ICICI Bank on Monday evening said it was launching a qualified institution placement (QIP) issue to raise up to Rs 15,00 ...

Imports from China: Govt thinks of duty hike on textiles, cameras, laptop etc.

11 Aug

The government is considering increasing customs duty on close to 20 product segments including laptops, cameras, textiles and aluminum goods, while p ...

Banks differ with sbi on inter-creditor pact for lending to companies battling the pandemic

11 Aug

Banks are struggling to create a common pact for lending to companies that will need funds to grow, rejig their loans, and battle the slowdown wrecked ...

India bans import of 101 defence items

10 Aug

To make the Indian defence industry self-reliant and boost indigenisation, the Ministry of Defence banned the import of 101 items on Sunday.The MoD ha ...

India lacks in ease of doing business: Volkswagen

10 Aug

Because it traces up a recent Rs 8,000-crore funding for India, German auto big Volkswagen Group has mentioned that it isn’t simple to do enterprise i ...

China not the most competitive producer in 82% imports: Study

10 Aug

A product was thought-about delicate if China accounted for over 10% share of imports or if the worth of shipments was $50 million or extra. ‘Such exp ...

Blackstone, a US based private equity firm, to buy malls and business parks of Prestige Estates

10 Aug

Prestige Estates is in talks with the US-based private equity firm Blackstone to sell a big portion of its commercial office portfolio and some malls ...

RBI Directions: Banks in dilemma over Current Account restraint

10 Aug

The RBI's stringent restrictions on the opening of corporate current accounts are likely to hit foreign and private sector banks. These banks may have ...

States ready with land parcel data to woo investors

10 Aug

The government’s move to keep land parcels ready for investors to quickly decide on investment destinations is expected to begin in close to half-a-do ...

RBI formed committee led by KV Kamath to work out loan recast details

08 Aug

The Reserve Bank of India (RBI) on Friday announced the names of the members, for the committee constituted under the chairmanship of K.V. Kamath to m ...

Radio Mirchi revenue falls 72%, but market share rises to 33%

08 Aug

Entertainment Network (India) Ltd, or ENIL, the operator of India’s No.1 FM radio channel Radio Mirchi, on Friday posted a total revenue of Rs 37 cror ...

Indian smartphone market crashes by 51% due to supply chain distress

08 Aug

The coronavirus induced lockdown and subsequent crunch in parts supplies from China due to border tensions saw the Indian smartphone market contract b ...

Microsoft-TikTok deal may not be taxed in India

08 Aug

Any acquisition by microsoft of TikTok that includes the video streaming app's India business is unlikely to incur tax locally, said officials and exp ...

Oil Trades below $42 with US, increasing China's tension

08 Aug

Oil in New York fell as US President Donald Trump’s latest attack on Chinese tech companies stoked tensions between the two countries, weighing on ris ...

Trump's order to buy US made medicines may hurt India's Pharmaceutical companies

08 Aug

US President Donald Trump’s order directing his government to increase procurement of indigenously-manufactured essential medicines, could hurt Indian ...

Big private equities to buy malls and launch Real Estate Investment Trusts (REITs)

08 Aug

Blackstone Group Inc. and Brookfield Asset Management Inc. are among private equity firms looking to buy stakes in Indian malls hit by the coronavirus ...

RBI opens one-time window to recast loans

07 Aug

For the first time since the 2008 financial crisis, the Reserve Bank of India on Thursday announced an across-the-board loan restructuring scheme that ...

RBI keeps rates unchanged due to inflationary pressure

07 Aug

The Reserve Bank of India (RBI) on Thursday left interest rates unchanged but promised to continue with the accommodative stance as long as it is nece ...

Details of high value cheques can be sent through image to bank

07 Aug

Account-holders will soon be able to send to their bank the details of a high-value cheque they issue to third parties, which will enable safer and fa ...

Borrowers can get loan of up to 90% of value of gold

07 Aug

Borrowers can now pledge gold jewellery and ornaments in the banks and get loans of up to 90 per cent of its value, the Reserve Bank of India has said ...

Vodafone-Idea Q1 losses at Rs 25,460 crore on provisioning for statutory dues

07 Aug

India's third-largest telecom operator Vodafone Idea on Thursday reported a sharp rise in its losses to Rs 25,460 crore for the April-June quarter of ...

Aadhaar Card’s use widened further

07 Aug

The Centre may allow Aadhaar authentication on a voluntary basis for delivery of social welfare benefits by government entities in order to ensure goo ...

NCLAT sets aside bid for Ricoh India

07 Aug

The National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the approval given to investor Kalpraj Dharamshi and Rekha Jhunjhunwala ...

Logistics firms optimise costs among payment delays

07 Aug

Logistics companies are grappling with payment delays from cash-strapped customers as well as higher costs due to increase in diesel prices, shortage ...

Affordable housing, rural lending get Rs 10,000 crore facility by RBI

07 Aug

A new Rs 10,000-crore facility the central bank has offered to the National Bank for Agriculture and Rural Development (Nabard) and the National Housi ...

As outsourcing increases IT firms may hire over 1 lakh people

07 Aug

India’s top IT companies will hire more than 1,00,000 employees remotely or locally. This major move has been taken to strengthen the team of the comp ...

Gold's demand increases amid uncertainty

06 Aug

As central banks across the world continue to infuse money into the system to insulate their economies from the impact of a Covid-induced slowdown, in ...

Covid health insurance claims near 1 lakh as private treatment grows

06 Aug

Health insurance claims related to Covid-19 are inching owards the one-lakh mark, with the value of the claims at around Rs 1,400 crore. Even as Mumba ...

Uber’s business is seeing very slow recovery among all major markets

06 Aug

Uber’s ride-hailing business is seeing the slowest recovery in India compared to other large markets like the US and Brazil, both of which even have m ...

Low threshold for beneficial owner under the new FDI rule

06 Aug

India may prescribe a low threshold for beneficial ownership under the foreign direct investment (FDI) policy, which was recently amended to require p ...

Companies take steps to help employees in work-life balance

06 Aug

The adoption of work from home (WFH) has allowed companies to skirt the Covid-19 threat to offices but, as the practice has dragged on for four months ...

Domestic air traffic revival fails to meet expectations

06 Aug

If you expect India's aviation industry to take off immediately, you'd be considered rather optimistic. That's because airlines are not flying as ofte ...

NCLT to take call on RCom's Resolution Plan

06 Aug

The NCLT has said it will take up the Resolution Plan of Reliance Infratel on August 10 and those of Reliance Communications (RCom) and Reliance Telec ...

Social security schemes may soon cover gig workers too

06 Aug

The labour ministry may soon include gig workers under the existing social security schemes of the government, which would make them eligible for pens ...

HDFC Bank: Sashidhar Jagdishan to succeed Aditya Puri as CEO

05 Aug

Sashidhar Jagdishan is set to head HDFC Bank after Aditya Puri, managing director and CEO, steps down in late October. Jagdishan, 55, is currently Gro ...

TDSAT rejects TRAI plea on not mentioning Jio Plaint

05 Aug

The Telecom Dispute Settlement & Appellate Tribunal (TDSAT) has rejected the telecom regulator's plea to change its interim order to note that its ...

Companies making Covid-19 vaccine upset over lack of norms

05 Aug

Even as the indian drug regulators are pushing the domestic manufacturers to expidite clinical trials to produce Covid-19 vaccine swiftly, the vaccine ...

Browser offered by Xiaomi on its phones banned by government

05 Aug

The government has banned the browser offered on smartphones made by Xiaomi, widening the action against Chinese companies operating in India.The acti ...

Worst seems over, economy recovering, says govt

05 Aug

India is well on the path to recovery from a trough in April, supported by proactive government and central bank policies, a finance ministry report s ...

NBFC plans of Mauritius-funded startups blocked by RBI

05 Aug

Indian startups will have to wait longer to own their non-banking financial company (NBFC) licence since the RBI has returned the applications of seve ...

Sales of large capacity appliances rise upto 70% in July

05 Aug

Kolkata: Sales of large capacity refrigerators, washing machines, microwave ovens and large screen televisions have risen 40-70% on-year in July, as u ...

Premature to predict demand in near term, but in-home consumption picking up: Coca-Cola

05 Aug

Beverage maker Coca-Cola said it is premature to predict consumer demand in the near immediate term and upcoming festive season, though it is seeing g ...

Biyani’s personal debt final item in $3bn RIL-Future deal

04 Aug

Negotiations over resolving the personal debt of Kishore Biyani, amounting to about Rs 2,000 crore, is one of the final key items as the deal between ...

Tractor industry grows 35% in July

04 Aug

Tractor sales in the country have clocked over 35% year-on-year growth in July on the back of robust agricultural activities.
Top manufacturers lik ...

India blocks top Chinese apps Baidu, Weibo, to be taken off from app stores

04 Aug

Baidu Search and Weibo, among the most influential apps of China and dubbed as the country’s answer to Google search and Twitter respectively, have be ...

Real-time monitoring of Rs 1 lakh crore Agriculture Infrastructure fund in works

04 Aug

The government plans to review its newly launched Rs 1 lakh crore Agri Infrastructure Fund (AIF) after the disbursement of Rs 20,000 crore.“The scheme ...

Tata Capital picks up 0.85% stake in Biocon Biologics for $30 million

01 Aug

Tata Capital will invest Rs 225 crore or $30 million for a 0.85 per cent stake in Biocon's biosimilar business Biocon Biologics, valuing the company a ...

India reviews continuation of trade pact with Asean

01 Aug

The government is reviewing the continuation of the free trade agreement (FTA) with Asean in the wake of the trading bloc’s reluctance to address Indi ...

Telecom sector needs to focus on security, self reliance: PM Modi

01 Aug

Prime Minister Narendra Modi Friday said that time had come to focus on self-reliance and security in the telecom sector, highlighting an issue which ...

Core sector contraction further slows in June, only fertiliser sector shows growth

01 Aug

Aided by the relaxation in lockdown restrictions, India’s infrastructure sector contracted at a slower pace in June compared to May. However, barring ...

Govt may hike import duty on bulk drugs

01 Aug

The government is considering increasing the import duty on active pharmaceutical ingredients (APIs) to 20-25% from the current 10%, to help boost loc ...

TV imports licensed by Govt to support local production

31 Aug

In a move aimed at promoting domestic manufacturing, the government on Thursday decided to license the import of fully-built televisions sets by putti ...

RIL Quarter 1 profit rises to 31%

31 Aug

Reliance Industries saw its first quarter profit rise 31% to Rs. 13,248 Crore on the back of the gain it made from sale of its 49% stake in the petro ...

Government may expand small business loan coverage

31 Aug

Amid complaints of exclusion, the government is looking to expand the coverage of the guarantee-based loans for small businesses. The sanctioned limit ...

HDFC Quarter 1 net profit falls 5% to Rs. 3052 Crore

31 Aug

Mortgage lender HDFC on Thursday said its net profit fell 4.7 per cent to Rs 3,052 crore for June quarter compared with Rs 3,203 crore in the same qua ...

MCA notifies investigation rules for cases against NCLT judges

31 Aug

The ministry of corporate affairs has notified rules for investigating complaints against judges of the National Company Law Tribunal (NCLT) and the N ...

Sellers flag amazon's data policy, say company is pushing in-house brands

31 Aug

Third-party sellers have demanded transparency from e-commerce company Amazon on its data practices as well as alleged preferential treatment for in-h ...

Demand from semi-urban India fires up Auto Sectors engines

31 Aug

Robust demand from Bihar, West Bengal, Jharkhand, Madhya Pradesh, Haryana and Himachal Pradesh is bolstering the restoration for India’s main carmaker ...

Airtel Q1 loss widens to Rs 15,933 crore on AGR woes

30 Aug

Bharti Airtel went deeper into the red as its losses in first quarter of FY21 widened to Rs 15,933 crore due to provisioning made towards the SC-manda ...

Review MEIS benefits to support other promising business’

30 Aug

The department of revenue has asked its commerce counterpart to review the coverage of export incentive scheme MEIS (Merchandise Export from India Sch ...

Fund bankable projects without any fear, PM tells bankers

30 Aug

Prime Minister Narendra Modi urged the country’s top lenders to fund bankable projects, undeterred by the non-performing assets (NPAs) generated in th ...

Maruti posts first loss since IPO

30 Aug

Maruti Suzuki reported its first loss since it became a listed entity in 2003 as lockdown and other restrictions crippled sales and production for the ...

88% of workers in India prefer work from home

30 Aug

As high as 88% of the workforce in India prefer to have the flexibility of working from home and 69% believe their productivity has increased wh ...

IFIN: NFRA slaps ₹15-lakh fine, five-year ban on Deloitte partner Baid

30 Aug

This is third disciplinary action in IL&FS Financial Services matter by the audit regulator in last 10 daysAudit regulator NFRA has slapped a fine ...

PM to meet top bankers today, discuss credit flow

29 Aug

Worried over the flow of credit to the corporate sector and small businesses, Prime Minister Narendra Modi will brainstorm with the country’s top bank ...

TikTok to government: Ready to store data locally

29 Aug

TikTok, is understood to have told the government that the company is ready to set up data centres in India to store user information locally even as ...

Local spirits cos offer country liquor in paperboard cartons

29 Aug

The negative impact of Covid-19 on the Indian spirits industry has forced major local players to introduce country liquor in paperboard cartons. Launc ...

Flipkart to offer 90-minute deliveries in India

29 Aug

Flipkart said it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with A ...

Govt caps export sops under MEIS at Rs 9,000 crore for April-December

29 Aug

The revenue-starved finance ministry has asked the commerce ministry to limit benefits under the flagship Merchandise Exports from India Scheme (MEIS) ...

Global liquidity glut, Covid cloud push up metal prices

28 Aug

An unprecedented amount of funds being infused by central banks around the world is driving metal prices up. Gold is now at an all-time peak, silver’s ...

RBI guv remains non-committal on moratorium

28 Aug

Reserve Bank of India (RBI) governor Shaktikanta Das remained non-committal on both moratorium and a loan-restructuring scheme despite conflicting dem ...

InCred kicks off talks to merge with KKR’s NBFC

28 Aug

Global alternatives assets major KKR is in advanced discussions to merge its corporate lending unit KKR India Financial Services with InCred Finance, ...

Covid-19: IndiGo to deepen pay cuts for senior staff, pilots by 15-35%

28 Aug

IndiGo, which carries one in every two domestic air passengers, has deepened pay cuts for its senior employees and pilots by another 15-35%. This come ...

Government needs to recap PSU banks: Fin panel chief

28 Aug

The 15th Finance Commission chief N K Singh underlined the need for a significant government outlay for recapitalisation of public sector banks ...

Trai's new tariff order: Around 100 TV channels may shut if new order applied

27 Aug

TV broadcasters are in a tizzy these days. An order from the Telecom Regulatory (TRAI) has troubled them. TRAI has instructed them to follow the new t ...

RIL inches closer to buying Future Group’s retail biz

27 Aug

Reliance Industries (RIL) is in late-stage talks to acquire the retail business of Future Group as it moves to bolster its brick-and-mortar play in As ...

Former central banker Viral Acharya cautions India against deficit financing

27 Aug

Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government’s budget deficit, citing risks to inflati ...

India’s e-commerce penetration will double to 11% by 2024: Goldman Sachs

27 Aug

India’s e-commerce industry is expected to reach $99 billion in size when online commerce penetration will more than double to almost 11%. The growth ...

Aditya Puri sells HDFC Bank shares worth Rs 843 crore

27 Aug

Aditya Puri, HDFC Bank’s managing director who’s slotted to retire in about three months, last week sold about 74 lakh shares of the bank worth about ...

CDEL probe blames Siddhartha’s poor biz model.

25 Aug

The probe into the financial troubles of Coffee Day Enterprises (CDEL), which runs the Cafe Coffee Day chain, has laid the blame on late promoter VG S ...

Apple widens India operations, starts manufacturing of iPhone 11

25 Aug

Apple is growing its engagement in India and has started to manufacture its top-of-the-line iPhone11 smartphone, at a time when the government is aggr ...

Bad loans may rise to 20-year high due to pandemic: RBI

25 Aug

The Reserve Bank of India (RBI) has warned that bad loans in banks could rise to a 20-year high as a result of the economic crisis triggered by the Co ...

New security protocol to hit Chinese phone, drug companies hard

25 Aug

Chinese manufacturers that have invested in India to set up manufacturing facilities via the foreign direct investment route will need a fresh securit ...

Clashed with then-FM on insolvency norms: Urjit Patel

25 Aug

Former Reserve Bank of India (RBI) governor Urjit Patel has said that differences with the then finance minister began with the government’s decision ...

ITAT rules in favour of Tata Education trust, disallows IT dept’s demand of over Rs 100 cr

25 Aug

In a major relief for Tata Education & Development Trust, the Income Tax Appellate Tribunal (ITAT) on Friday ruled in favour of the trust in its a ...

May miss Budget targets, but see strong recovery: DEA secy

24 Aug

The government may be unable to meet its Budget estimates for the current financial year (2020-21) due to the Covid-19 crisis, but expects a V-shaped ...

81 stalled housing projects to get Rs 8,800cr from special window

24 Aug

The special financing window for held-up housing projects has provided assistance of nearly Rs 8,800 crore to 81 projects — with 27 in Mumbai and 26 i ...

AU Bank posts 48% profit growth in Q1, at Rs 177 crore

24 Aug

The Pink City-headquartered AU Small Finance Bank reported net profit growth of 48% at Rs 177 crore in the Covid-hit first quarter of the current fina ...

Indian economy could revive sooner than we expect, says Finance Secretary

24 Aug

India's economy will spring back to normal sooner than expected and may even make a sharp V-shaped recovery in the next financial year, two top financ ...

Duff & Phelps India drags IBBI to court on order against senior advisor

24 Aug

The Indian arm of American financial consultancy firm Duff & Phelps has dragged the Insolvency & Bankruptcy Board of India (IBBI) to cou ...

FM pushes CPSEs to achieve capex targets

24 Aug

Finance minister Nirmala Sitharaman pushed Central Public Sector Enterprises (CPSEs) to perform better to achieve their capital expenditure (capex) ta ...

Next fiscal push may come after Covid-19 vaccine: CEA

23 Aug

The government may prefer to provide a fiscal push once uncertainty over the Covid-19 pandemic declines with the arrival of a vaccine, chief economic ...

Deloitte’s former CEO gets 7-year audit work ban

23 Aug

National Financial Reporting Authority (NFRA), the regulatory body for auditors of listed and large companies, announced a seven-year ban on former De ...

Probe likely to flag Rs 4,000 cr hole in books of Coffee Day

23 Aug

A probe into Coffee Day Enterprises (CDEL) is expected to reveal details of suspicious circular transactions between Mysore Amalgamated Coffee Estates ...

Two-wheeler makers take premium route owing to traction from leisure & hobby segment

23 Aug

Demand for two-wheelers is recovering at a fast pace and most manufacturers are placing bets on the premium range owing to traction from the leisure a ...

Small companies' NPAs set to go up, job cuts on the cards

23 Aug

Non-performing assets in the micro, small and medium enterprise (MSME) sector are likely to increase as the moratorium on the repayment of term loans ...

Covid-19 to push automakers into a record loss of Rs 10,000 crore in Q1

23 Aug

Listed Indian automobile companies could post a cumulative loss of Rs 10,000 crore for the June quarter.As much as Rs 7,000 crore of this is expected ...

Government to revamp FTA strategy to ensure economic benefits

22 Aug

The government is recalibrating its strategy on entering into free trade agreements (FTAs) in a bid to ensure that the treaties provide economic and s ...

India's hiring sentiment picks up for April-September

22 Aug

The country’s recruiting sentiment has improved a little after the lockdown with an increased hiring intent for the first half of this fiscal, accordi ...

Home remedies for Covid fire up spice market

22 Aug

In their quest to find immunity boosters against Covid, more Indians are gulping concoction of spices firing up the prices of turmeric, pepper and gin ...

Renewed sowing pushes up tractor registrations in TN

22 Aug

As the state is heading for a bumper kharif crop lead by paddy, sales of tractors is also powering ahead with new tractor registrations across RTOs in ...

Early production hike for consumer electronics, phones.

22 Aug

Top manufacturers of smartphones and consumer electronic goods such as LG, Sony, Xiaomi, Vivo, Realme and Panasonic are advancing festive season ...

Non-AAA rated NBFCs queue up for half of the government’s Special Liquidity Scheme

22 Aug

A clutch of non-AAA rated firms has applied for nearly half the amount set aside for nonbank lenders under the government’s special liquidity programm ...

Corporate FDs still attractive for seniors despite interest rate cuts

22 Aug

A corporate fixed deposit rates have come down a bit reducing their attractiveness over bank and post office offerings. But senior citizens can ...

Cafe Coffee Day's auditor resigns citing “commercial considerations”, questions raised on reported numbers

21 Aug

Coffee Day Enterprise’s auditor, BSR & Associates, has resigned citing “commercial considerations”.In its last report, the KPMG unit raised questi ...

Refining output dips again after nearing pre-Covid levels amid low local demand

21 Aug

Refinery run rates are again falling in the country after reaching near pre-Covid levels, which may reduce crude oil imports, as local lockdowns, mons ...

Cheaper, faster and easier insolvency resolution process on cards for MSMEs: IBBI

21 Aug

A cheaper, faster and easier insolvency resolution process is on the cards for micro, small and medium enterprises (MSMEs), said Insolvency and Bankru ...

Two labour codes finalised by labour ministry may be tabled in monsoon session

21 Aug

The labour ministry has finalised two labour codes that will give flexibility to state governments on rules related to hiring, retrenchment and fixing ...

There’ll be no recalculation of telcos’ AGR dues, says SC

21 Aug

India’s big telecom players, except Jio, pleaded before the Supreme Court for a staggered payment of adjusted gross revenue (AGR) dues over 15 y ...

India Inc to see over 40% dip in Q1 profit: Reports

21 Aug

Covid-related disruptions in the economy during the just ended April-June quarter (Q1FY21) are expected to reduce India Inc’s net profit by more than ...

IL&FS raises target, looks to recover Rs 57,000 crore from assets

21 Aug

The government-appointed board of failed finance and infrastructure group IL&FS has said that it now expects to recover more than it earlier estim ...

India plans to reduce number of state-owned banks to just five: Sources

21 Aug

India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to just five as part of an over ...

Tough to get companies' moratorium dues by March 31: Bankers

20 Aug

Bankers warn that many businesses may not be able to square their positions by March 2021 with regards to dues relating to the ongoing moratorium peri ...

Covid forces companies to relook at board mix

20 Aug

The current pandemic, which has challenged businesses like never before, has also got them thinking about the quality of their board of directors. Alt ...

Shut offices, hotels block flow of bottled water sales

20 Aug

The bottled water industry in India, which was growing at double digits, has hit a roadblock due to Covid-19 as sales in offices, hotels and travel re ...

I-T dept disposes 7,116 assessments under first phase of faceless assessment

20 Aug

The Income Tax department has started the first phase of the faceless assessment and 7,116 cases were disposed of without raising any demand for addit ...

Govt may allow 100% FDI in completed housing projects

20 Aug

India is reviewing its foreign direct investment (FDI) policy for the real estate sector to see if 100% overseas investment can be allowed in complete ...

Google Tax Mop-up at over `2.6K Cr Since ’16

20 Aug

India has collected more than `2,600 crore by taxing digital advertising since it began levying the equalisation tax in 2016, people in the know said, ...

Digital payments widen gap with ATM withdrawals

18 Aug

There are early signs that India is finally turning into a digital payment economy less dependent on cash. For the first time, in the fourth quarter o ...

Equalisation levy not targeted at US companies: Government

18 Aug

The government has told the US authorities that the equalisation levy on e-commerce supplies and transactions is non-discriminatory and is in line wit ...

TDSAT sets aside Trai order blocking Vodafone-Idea premium tariff plan

18 Aug

The appellate tribunal stayed the telecom regulator’s July 11 order blocking Vodafone Idea Ltd’s RedX premium tariff plan, granting interim relief to ...

NPCI raises scope and limit of debit transactions on NACH platform

18 Aug

Bank customers can soon automate the payment of their credit card bills, insurance premiums, loan instalments and all such transactions of recurring n ...

India for customs duty on computer-aided design files for 3-D printing

18 Aug

India has proposed imposing customs duties on computer-aided design, or CAD, files, which are necessary for 3D printing, while pitching its case for c ...

CURBS ON IMPORTED GEAR FOR RENEWABLE POWER PROJECTS NOT TO DETER SBI FROM LENDING

18 Aug

Restriction on imported gear for renewable and thermal power projects will not deter State Bank of India from lending to projects built on foreign equ ...

MSME promoters may get first right to prepare resolution plan

17 Aug

In a major departure from the Insolvency & Bankruptcy Code (IBC) provisions, the regulator has proposed a special dispensation for micro, small an ...

Education and marriage can wait, now it’s savings for Covid

17 Aug

Middle-class Indians, who were until last year worried about savings for their children’s education or marriage, are now more concerned about immediat ...

Start-stop lockdowns put brakes on auto companies operations

17 Aug

Local start-stop-start lockdowns are playing havoc with the auto industry’s production and sales ramp-up plans.
Companies readying to scale u ...

OPEC and allies to ease cuts, allow more oil production

17 Aug

Ministers from the Organisation of the Petroleum Exporting Countries (OPEC) cartel have agreed to allow more oil to flow from the taps, saying demand ...

Centre worried about the effects of micro lockdowns on macro recovery

17 Aug

Extensive shutdowns being imposed with little warning by states have worried policymakers at the Centre as they threaten the revival of an economy stu ...

Indiabulls Housing Finance seeks to sell Rs10,000-crore builder loans

17 Aug

Indiabulls Housing Finance is in talks with at least four potential investors – Deutsche Bank, Oaktree Capital, Brookfield and SSG Capital – to sell b ...

In a first, IndiGo & SpiceJet to wet-lease planes to launch long-haul overseas flights

17 Aug

As India resumes air travel with various nations, IndiGo and SpiceJet, in a first, are leasing long-haul planes on a wet lease to launch flights to th ...

Google To Invest Rs 33,737 Crore For 7.7% Stake In Jio Platforms

16 Aug

Google has agreed to invest Rs 33,737 crore to buy a 7.7 per cent stake in Reliance Industries' technology venture, adding to a slew of investments si ...

Savings disincentivised: Real interest rates slide into negative territory

16 Aug

A sharp fall in deposit rates due to aggressive rate cuts by banks in response to the Reserve Bank of India's (RBI) reduction in the benchmark rates c ...

Lockdowns eased, top car makers ramp up production to meet rising demand

16 Aug

Maruti Suzuki, Hyundai Motor and Mahindra & Mahindra the country’s top carmakers are adding factory shifts and hiring more workers to fire u ...

Reliance Retail to rope in global partners in next few qtrs

16 Aug

Reliance Retail, the retail arm of Reliance Industries (RIL), will induct global partners and investors in the next few quarters. “We have received st ...

Trade balance turns surplus after 18 yrs

16 Aug

India registered a trade surplus after almost two decades with the balance in June turning in the country’s favour at $790 million. However, a sharp c ...

Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms

15 Aug

Reliance Industries (RIL) said global technology giant Google would invest Rs 33,737 crore for a 7.73 per cent stake in Jio Platforms, the subsidiary ...

MSMEs may get up to Rs 1 lakh crore salary support

15 Aug

The government is discussing ways to boost consumer demand in the economy, with one option being the possibility of providing salary support of up to ...

Walmart to put $1.2bn into Flipkart

15 Aug

US-based retail giant Walmart is leading a fresh infusion of $1.2 billion in Flipkart, two years after it acquired a 77% stake for $16 billion, as the ...

Auto companies expect 26-45% fall in sales, seek GST cut

15 Aug

The auto industry has sent out an SOS to the government, seeking a 10% reduction in GST rates across vehicle categories. While painting a grim picture ...

Perpetual Bond Mkt Comes Back to Life as Banks Open Up for Sales

15 Aug

The market for perpetual bonds from banks is clawing back to life as yield-hungry investors begin to take higher risk and banks open up for such ...

E-commerce, logistics firms bring back blue-collar jobs.

14 Aug

Blue-collar job openings saw an uptick in sectors like e-commerce and logistics, according to HR consultancies which expect a further spike to come ab ...

Google to Invest $10 b in India Over 5-7 Years

14 Aug

Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the w ...

As discom losses continue downward spiral, power secretary bats for better governance

14 Aug

Revenue deficit of state power distribution companies has risen to the worst in nearly a decade, while other financial indicators are also bleak. The ...

Vodafone Idea knocks on TDSAT's door against Trai's order blocking its RedX premium plan

14 Aug

Vodafone Idea moved the telecom tribunal on Monday, challenging a regulatory order blocking its RedX premium tariff plan that offers faster data speed ...

Not against imports, have to import products where we have difficulty: Piyush Goyal

14 Aug

Commerce and industry minister Piyush Goyal on said India is not against imports and will need to import certain products as every country can't produ ...

Retail Inflation above 6% in June, economists expect further rate cuts

14 Aug

Retail inflation in India firmed up in June, breaching the tolerance band of 4% with a margin of 2% set by the Monetary Policy Committee.Miscellaneous ...

Trai blocks Airtel, Voda Idea premium plans, says may affect service quality of others

13 Aug

The telecom regulator has blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services, ...

Interest rate cut, deposit growth to hurt lenders’ profitability in Q1

13 Aug

A sharp fall in lending rates due to aggressive benchmark rate cuts by the Reserve Bank of India (RBI) and faster deposit growth during the lock ...

India's GDP likely to contract 4.5% in FY21: FICCI survey

13 Aug

Industry body FICCI's latest Economic Outlook Survey has pegged India's growth for 2020-21 at (-) 4.5 per cent as the country continues to see a gradu ...

Visas, social security pact to top India-US trade talks

13 Aug

India and the US will this week discuss a possible move towards a Totalisation Agreement — which will help Indian technology and other professionals a ...

Like last year, TCS to hire 40,000 freshers

13 Aug

Tata Consultancy Services (TCS) plans to keep its India campus hiring this year at about the same level as last year (40,000), despite the sharp drop ...

US giant Qualcomm to invest Rs 730cr in Jio

13 Aug

Reliance Industries (RIL) has raised Rs 730 crore from Qualcomm Ventures by selling 0.15% stake in Jio Platforms, it said on Sunday.The company, ...

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

11 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

“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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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...

Read more

Alternative Steps Needed to Boost Economy

31 Aug

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 ...
Read more

China Shutdowns Hit Indian Consumer Cos

30 Aug

Smartphone and consumer electronics companies in India said they were staring at production cuts and possible delays in launch of new products due to ...
Read more

TCS says No more Digital Revenue Break- up Figures

30 Aug

India’s top IT services provider Tata Consultancy Services has stopped providing a revenue breakup for its digital business, resisting calls from anal ...
Read more

Budget may unveil 2 mega agri initiatives

30 Aug

The government is likely to announce two mega agriculture initiatives — one related to crop diversification and another on financial assistance to cre ...
Read more

Push for MSMEs to join ecommerce exports

30 Aug

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 ...
Read more

Railway corporatisation process starts from FY21

30 Aug

The Indian Railways will begin the process of corporatising its production units in FY21as it takes a coordinated approach towards improving the effic ...
Read more

Cos reduced CSR expenses in national heritage by 56%

30 Aug

Companies more than halved their funding for national heritage, arts and culture, under corporate social respons ...
Read more

Government notifies rules for winding up of companies under Companies Act

30 Aug

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 ...
Read more

Commerce Ministry Puts Bharti Airtel in Denied Entry List

29 Aug

The commerce ministry has put Read more

Bank Panels to Monitor Probe Progress

29 Aug

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 ...
Read more

Govt Forms Panel to look into Bank frauds above Rs 50 crore before probe begins.

29 Aug

The government on Tuesday directed banks to set up committees of senior officials to monitor progress in pending disciplinary and internal vigilance c ...
Read more

Cracking the Whip: E-comm Policy to Deal With Online Counterfeits

29 Aug

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 ...
Read more

NHAI moves IRDA proposing insurance of road projects

29 Aug

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 ...
Read more

Banks approve reduced fees for UPI, RuPay

29 Aug

Banks have decided that they will not charge a part of the fees on Unified Payments Int ...
Read more

The brass of the PSB obtain a government shield in surveillance cases

29 Aug

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 Aug

HDFC, LIC Housing Finance, Bajaj Finance, L&T Infrastructure Finance and REC are among borrowers that seek to sell bonds worth up ...
Read more

Govt invites bids for 100 % Air India Stake

28 Aug

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 ...
Read more

Telcos' Move to Raise Revenue May Widen Risk of Customer Churn

28 Aug

Deutsche Bank said telcos should move towards new plans with 5GB, 10 GB and 20 GB of data on the 28-day cycle priced ...
Read more

PWC to do forensic audit of Cox & Kings

28 Aug

Suspecting fraud, lenders to Cox & Kings, the tour and travel company that defaulted on loan payments, have initiated a forensic investigation int ...
Read more

PFC NPAs to reduce with resolution of 4 stressed plants.

28 Aug

State-owned Power Finance Corp (PFC) expects significant reduction in its bad loans with resolution of four stressed power generation assets, expected ...
Read more

HDFC posts record quarterly profit of Rs 8,372cr in Oct-Dec

28 Aug

The country's largest mortgage company HDFC on Monday reported its highest ever quarterly net profit&nbs ...
Read more

To Boost Desi Companies, Curbs likely on Tyre, Furniture Imports.

27 Aug

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 ...
Read more

Government may get Rs 45,000 crore cushion on corporate tax cut.

27 Aug

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 ...
Read more

India likely to raise import duties on more than 50 items next week

27 Aug

India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 bi ...
Read more

2023 deadline: Drive from Delhi to Mumbai in 12 hours.

27 Aug

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 ...
Read more

Pension for senior citizens under BPL likely to go up.

27 Aug

The Centre is proposing a major revamp of the National Social Assistance Programme (NSAP) that could raise pension payouts for senior citizens, widows ...
Read more

Better distribution may ease power sector woes.

27 Aug

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 ...
Read more

Undisclosed Assets abroad of Hotel Group Worth Rs 1000 Crore .

25 Aug

Rs 1k cr foreign assets of a hotel group detected' The income tax department said on Friday its searches on a “hospitalit ...
Read more

Fin Stability a Priority, Govt must continue Reforms

25 Aug

Reserve Bank of India (RBI) Governor Shaktikanta Das has set broader financial stability as the central bank's immediate polic ...
Read more

Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions.

25 Aug

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 ...
Read more

P&G India hit by monetary policy : P&G CFO

25 Aug

Slowing growth rates in India, largely as a result of some monetary policies, have created a bit of a liquidity squeeze, which ...
Read more

Mastercard's swipe makes Pine Labs 1st unicorn in 20

25 Aug

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 ...
Read more

TDS on salary when an employee doesn't furnish PAN

25 Aug

Non-furnishing of PAN or Aadhaar number as the case may be, by the deductee (employee) to the deductor (employer) will result ...
Read more

Growth Slump in India temporary:IMF chief

25 Aug

IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the ...
Read more

SC to club Tatas' NCLAT plea, RoC-Mumbai case.

25 Aug

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 ...
Read more

AGR dues: Reliance Jio meets Supreme Court deadline, Airtel Seeks Time

24 Aug

Reliance Jio Infocomm became the only phone company to meet the Supreme Court's adjusted gross revenue (AGR) dues deadline, paying ...
Read more

Niti Aayog Seeks Cabinet Nod for Battery Push

24 Aug

The Niti Aayog has sought Cabinet approval for a proposal to build up to 10 large factories that would get subsidies ...
Read more

Go Air Likely to Cancel 50 Flights

24 Aug

GoAir Will Cancel Up To 50 Flights Per Day Due To A320neo Issues. Indian low-cost carrier GoAir< ...
Read more

NHAI Starts Grievance Redressal Portal GATI

24 Aug

Terming delays in highway projects as "unacceptable", Road Transport and Highways Minister Nitin Gadkari on Thursday asked officials and developers to ...
Read more

Public Distribution System Emerged Biggest Saver for Government in DBT

24 Aug

The Public Distribution System (PDS) has brought the biggest savings under Direct Benefit Transfer (DBT...
Read more

Banned cryptocurrency to uphold integrity of banking system.

24 Aug

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 ...
Read more

Banks Push NPCI to Remove UPI Charges

24 Aug

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 Aug

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 ...
Read more

Govt Mulls Mediation to Solve IT Issues with Cos

23 Aug

The government may adopt a mediation mechanism that will help companies determine their future tax liabilities and e ...
Read more

AGR Payment : Telcos to Wait for SC Decision

23 Aug

Vodafone Idea informed the Department of Telecommunications (DoT) it will wait for the Supreme Court's decision on t ...
Read more

IT rejigs its bills as deals dry up.

23 Aug

Financial engineering has been an industry practice among tech services providers for long, although it is changing now, said Siddharth Pai, an IT out ...
Read more

Five non-telecom PSUs seek clarity from SC on AGR order

23 Aug

Non-telecom public sector units GAIL , Power Grid Corporation,(PGCIL), Oil India (OIL) and two others are filing separate applications in the Supreme ...
Read more

Festive sales to trim YoY auto revenue fall

23 Aug

The festive sales uptick will narrow the on-year decline in revenues of automotive companies in the quarter ending December, in comparison with preced ...
Read more

TCS recognized as world's fastest growing global IT Services.

23 Aug

The annual report ranks TCS as the fastest growing brand within the IT services sector, with the company's overall&n ...
Read more

India Post Bank may Seek up to 1000 Cr Recap

23 Aug

India Post Payments Bank (IPPB) expects up to Rs 1,000 crore recapitalisation from the ...
Read more

SC to hear Request on Modifying AGR Ruling Next Week.

22 Aug

The Supreme Court will next week pleas by Bharti Airtel, Vodafone Idea and Tata Teleservices that they be allowed to negot ...
Read more

DGCA picks five consortiums to take its drone plan airborne

22 Aug

Nandan Nilekani backed ShopX and SpiceJet’s cargo unit SpiceXpress are among five consortiums selected by India’s civil aviation authority to conduct ...
Read more

Lower PF contribution may be allowed for select class of workers

22 Aug

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 ...
Read more

KVIC seeks international trademark for khadi items

22 Aug

State-owned Khadi Village Industries Corporation is eyeing international trademark for ‘khadi’ under the Paris Convention for protection of industrial ...
Read more

Government approves up to 100 per cent FDI in Bharti Airtel

22 Aug

Government clears 100% FDI in Bharti Airtel. The department of telecom (DoT) has approved raising of forei ...
Read more

Hyundai will Delay the New Plant by 2-3 years

22 Aug

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 ...
Read more

AGR issue: Telcos likely to move modification plea in SC today

21 Aug

The development follows the Supreme Court last week dismissing pleas of these operators to review its earlier judgement
Without ...
Read more

India’s SWF gets ready to launch non-bank lender

21 Aug

Sensing a huge market opportunity to provide liquidity support to cash-starved Indian infrastructure companies, the National Investme ...
Read more

Air Travel Growth Slips to 3.7 % in 2019 on Jet Collapse

21 Aug

Domestic air travel growth falls to 3.7% in 2019 due to Jet's collapse, economic slowdown. The double-digit growth& ...
Read more

Budget 2020 : Simpler Tax Laws and Dispute Resolution Scheme Needed

21 Aug

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 ...
Read more

IMF slashes 2019 Growth

21 Aug

IMF cuts India's FY20 growth forecast to 4.8% The International Monetary Fund has slashed&nb ...
Read more

Medium scale cos may be given credit risk cover

21 Aug

In case of medium sector units, the plan is to provide a guarantee on the lines of small enterprises with a cap of&n ...
Read more

Competitive Panel Nod to Jarvis Acquisition of R Jio 's Arm

21 Aug

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 ...
Read more

Govt may include off Budget Spending for a Clearer Picture

20 Aug

The Centre could include a host of off-budget spending and other government liabilities on i ...
Read more

Plan likely to give NBFCs more lending room.

20 Aug

The government is debating a mechanism to get credit flowing by providing support to non-banking finance companies (NBFCs) amid a growing realisation ...
Read more

Telecom companies starved for funds,Mobile bill may rise up to 30%.

20 Aug

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 ...
Read more

LNG Pumps Network Being Planned along 6000 km long Golden Quadrilateral.

20 Aug

India is planning a network of liquefied natural gas (LNG) fuelling stations along its ...
Read more

India Inc Wants a Single Corporate Tax Rate of 15% over Three Years

20 Aug

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 ...
Read more

Karvy Fallout Power of Attorney may Lose Sting in Bid to Protect Clients

20 Aug

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 ...
Read more

Vodafone Idea may pay part of AGR dues to stay afloat.

18 Aug

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 ...
Read more

Budget 2020 should hike tax breaks for house property income to boost realty.

18 Aug

There are many things that the common man expects from the finance minister in the upcoming budget, especially with regards to taxation. O ...
Read more

Government has failed in e-mobility mission, says plea in Supreme Court

18 Aug

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 ...
Read more

Piramal to sell healthcare insights, analytics business for $950 million

18 Aug

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 ...
Read more

All foreign investments must adhere to law of the land

18 Aug

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 ...
Read more

Petrol, diesel prices cut for the third consecutive day.

18 Aug

Fuel prices dropped for the third consecutive day today across all major cities in India
The retail prices of fuel are dependent on th ...
Read more

Suspected big bank fraud cases to be vetted by panel before probe

17 Aug

The five-member board will function as the first level of examination for all alleged cases of fraud involving Rs 50 crore or more ...
Read more

RBI should target core inflation at 3 per cent.

17 Aug

The newly appointed chairman of the Standing Committee on Statistics, has said core inflation target of 3% with an upper tolerance leve ...
Read more

SC rejects telcos’ plea to review verdict on payment of Rs 92,000 crore to Centre

17 Aug

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 ...
Read more

India seeks to push sugar, rice exports to Indonesia.

17 Aug

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 ...
Read more

Plans a Foot for Cheaper Loans for Exporters.

17 Aug

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.& ...
Read more

Supreme Court Stay in Hand, Tata Sons to Hold Board Meet Shortly

16 Aug

Supreme Court stay in hand, Tata Sons to hold board meet shortly. MUMBAI: Tata Sons has finalised plans for a ...
Read more

Govt likely to Raise LTCG Tax Holding Period to Two Years.

16 Aug

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 ...
Read more

Government proposes grant of Rs 1.1 lakh crore for state Discoms

16 Aug

The government plans a grant of over Rs 1.1 lakh crore to state power distribution companies under ...
Read more

Proposal looks to Decriminalise most offences under Companies Act.

16 Aug

Proposal looks to decriminalise 2/3rd offences under Companies Act. ... Further, the cabinet will consider a proposal< ...
Read more

Exports Shrink 1.8% in Dec to Suffer Fourth Month of Fall.

16 Aug

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 ...
Read more

Exports Shrink 1.8% in Dec to Suffer Fourth Month of Fall.

16 Aug

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 ...
Read more

Unsecured consumer loans grow most, credit card dues at Rs 1L Cr.

16 Aug

Credit card balances and personal loans have recorded the highest growth rates as lenders expand the mar ...
Read more

Over 1,200 exporters untraceable, Rs 350 crore fake IGST refunds saved.

16 Aug

Revenue Department using its data analytics has discovered a fraud in GST refunds with as many as 1,200 exporters, who have have claime ...
Read more

Govt should step up expenditure to spur consumption.

15 Aug

The government should step up expenditure to spur consumption and improve ease of doing business to rev up the economy, new F ...
Read more

Government seeks Rs 19,000 crore dividend from oil companies.

15 Aug

The government is seeking a record Rs 19,000 crore in dividend from state oi ...
Read more

PSU banks likely to disburse Rs 25,000 crore more to NBFCs.

15 Aug

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 ...
Read more

UVARCL,asset reconstruction company emerged as top bidders for debt-hit RCom, group companies

15 Aug

RCom, once a flagship company of the Anil Ambani-led group, received bids from Bharti Airtel and ...
Read more

WPI inflation jumps to 7-month high in Dec.

15 Aug

The rate of inflation at the wholesale level surged to a seven-month high of 2.59 per cent i ...
Read more

Extra MPC meet likely, RBI may hold rates in February.

15 Aug

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 ...
Read more

Looking to slash Rs 70K cr arbitration liability via conciliation.

13 Aug

The National Highways Authority of India (NHAI) is looking to settle a majority of its arbitration cases, with claims runni ...
Read more

Government decides to put Legal platform in place to counter cheap imports.

13 Aug

India is putting in place a legal platform to help small and medium enterprises, threatened by cheap imports in their fight ...
Read more

Walmart India Sacks Over 100 Senior Executives

13 Aug

Walmart announced the layoffs of more than 100 senior executives including vice presidents across sourcing, agri-busin ...
Read more

Govt eyes curbs on toys, TV set imports.

13 Aug

The import of electrical machinery and equipment, including TV sets, accounted for over 10% of India's imports during 2018-19 ...
Read more

Small businesses may see tweaked resolution model.

13 Aug

The cabinet committee on investment and growth has asked ministries to consider modifications in the resolution mechanism for small companies and the ...
Read more

Upto 24% defaulters had safe credit rating

13 Aug

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 ...
Read more

Relief for Tata as SC stays NCLAT order reinstating Mistry

11 Aug

The Supreme Court on Friday said there were “basic errors" in the National Company Law Appellate Tribunal (NCLAT)’s observations and stayed the tribun ...
Read more

Infy results a mixed bag, but stock’s rise to hinge on revival in mainstay verticals

11 Aug

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 ...
Read more

IL&FS plans equitable distribution of sale proceeds to creditors

11