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JP Morgan started block-chain clearing of USD in GIFT City, Gujarat.

06 Nov

JP Morgan, the largest bank, has introduced a real-time interbank US dollar-settlement pilot project in Gujarat International Finance Tec-City (GIFT ...

Apple launched augmented reality headset ‘Vision Pro’.

06 Nov

Apple launched an augmented-reality headset called the ‘Vision Pro’ at its annual software developer conference on Monday, its first big move into a ...

The Securities and Exchange Commission (SEC) sued against world’s largest crypto exchange, Binance.

06 Nov

The SEC filed more than a dozen charges against Binance and its CEO stemming from what the agency called a “blatant disregard” for U.S. law by the w ...

Governance should be preferred over management: RBI to Banks.

06 Nov

The RBI’s deputy governor has asked boards of banks to sack and replace the management, if required, to ensure governance and risk management. Speak ...

RBI is looking for easy KYC system for bank customers.

06 Nov

Have you walked out of a bank branch saddled with an insurance policy that you had no plans of getting? Or have you been worried your account will b ...

Growth rate will be likely to be sustaining amid inflation: RBI Annual Report.

31 Nov

The RBI has said that growth momentum in India is likely to be sustained as inflationary pressures ease. The central bank has said that unless an El ...

SEBI chief asked mutual fund industry to self-regulate.

31 Nov

Sebi chairperson asked the mutual fund industry to self-regulate and act against misdemeanour by individuals. If Sebi finds individual misdemeanour ...

The RBI gained huge from volatile financial market, distributed dividend to Govt.

31 Nov

Choppy financial markets may not be suitable for the economy. Still, they provide the central bank with substantial profits, enabling it to pa ...

After Covid-19, Precautionary holdings of cash raised the demand of currency in circulation: RBI.

31 Nov

The RBI said that the ‘currency demand paradox’ of banknotes in circulation going up even as digital payments soar is driven by cautious households. ...

TCS has started sending notices to staff who flouting its work from office diktat.

31 Nov

Tata Consultancy Services (TCS) has started sending memos to employees who are not completing at least 12 days of work from office (WFO) in a month. ...

Increased Interest rates controlled the inflation positively: RBI

31 Nov

The significance of front-loaded policy action is evident from the fact that inflation would have been higher by 90 basis points without the cumulat ...

Banks’ deposit chase slow despite 2x loan growth

07 Nov

Growth in bank credit is racing ahead almost twice as fast as deposits for most lenders. The pace of credit growth has been much higher than what mo ...

Oracle wants to put your health history on cloud

07 Nov

For years, the world has prioritised “shopping way over healthcare”, Larry Ellison told a packed gathering at Oracle CloudWorld here last month. “Sh ...

RIL set to acquire German company Metro’s India unit for Rs 4,500 crore

07 Nov

Reliance Industries (RIL) is set to acquire German wholesaler Metro’s India unit for 500-550 million euros (about Rs 4,061-4,467 crore) as chairman ...

. Fairfax eyes more stake in insurer Digit’s parent company

07 Nov

Canadian billionaire Prem Watsa’s Fairfax Financial Holding has in its results filing said that it is “exploring all avenues under applicable law” t ...

Jaipur Kurti raises ₹18.96 crore via preferential issue

07 Nov

Drug biggie Sun Pharma, which has topped India’s pharma retail market for years, has now become the leader in prescriptions, bolstered by an increas ...

Cash with public 75% higher than on note ban day

07 Nov

Currency with the public has jumped to a new high of Rs 30.9 lakh crore as of October 21, showing that cash usage is still robust even six years aft ...

RBI panel’s November 3 meet to decide on ‘inflation letter’

28 Nov

The Reserve Bank of India’s monetary policy committee (MPC) will meet on November 3 to decide on the contents of a letter to be sent to the governme ...

DoT to Trai: Address quality of services

28 Nov

Concerned over poor quality of telecom services with not much improvement in rate of call drops and slow network speeds, the department of telecom ( ...

Irdai panel to advice on universal health plan

28 Nov

The Insurance Regulatory & Development Authority Of India (Irdai) has constituted a high-level committee to draw a road map for universal health ...

DGCA allows IndiGo to wet lease wide-body planes for only up to 6 months

28 Nov

Aviation regulator DGCA has allowed IndiGo to wet lease wide-body Boeing planes from Turkish Airlines for up to six months and has rejected the dome ...

Choco sales up, but beverages plunge

28 Nov

It’s been a Diwali ‘dhamaka’ in sales of branded commodities as well as chocolates & confectionery this month. But there’s a word of caution for ...

Meta’s $676 Billion Rout Boots It Out of World’s Top 20 Stocks

28 Nov

Meta Platforms Inc. shareholders are paying dearly for its spending on the metaverse: The Facebook parent’s market value has collapsed by a whopping ...

Meta’s $676 Billion Rout Boots It Out of World’s Top 20 Stocks

28 Nov

Meta Platforms Inc. shareholders are paying dearly for its spending on the metaverse: The Facebook parent’s market value has collapsed by a whopping ...

Musk wants Twitter to be 'most respected advertising platform'

28 Nov

Elon Musk, who once tweeted "I hate advertising", said he wants Twitter Inc (TWTR.N) to be "the most respected advertising platform", in a bid to ga ...

Competition Commission fines OYO, MakeMyTrip, Goibibo for unfair business practices

20 Nov

India's competition regulator said on Wednesday that it had fined online hotel-booking companies MakeMyTrip Ltd (MMYT.O) and Goibibo and IPO-bound hot ...

₹ hits record low at 83/$

20 Nov

The rupee depreciated 6 paise to a record low of 83.06 against the U.S. dollar in opening trade on Thursday due to a stronger greenback overseas and u ...

Sensex rises over 3% in 4 day rally

20 Nov

Inflation and recession worries took a backseat as investors focused on the earnings report on Wednesday. Japan and European markets gained in today's ...

Inflation will fall below 6% next year: RBI monetary policy member

20 Nov

RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly inc ...

UK inflation surges to 40 year high at 10.1%

20 Nov

U.K. inflation rose to another 40-year high in July as spiraling food and energy prices continued to intensify the country’s historic squeeze on house ...

AU Bank quarter 2 net profit grows 28%, at 343 cr.

20 Nov

AU Small Finance Bank (SFB) on Wednesday reported a 23 per cent rise in its net profit at Rs 343 crore in the July-September quarter on healthy growth ...

Govt's plan to sell fertiliser PSU stake may have to wait

19 Nov

The government’s plan to sell its stake in state-run fertiliser companies may have to wait for now after a decision linked to the subsidy and pricing ...

Adani acquires India's largest aircraft repair business for ₹400 crore

19 Nov

Adani Defence & Aerospace has signed a definitive agreement to acquire India’s biggest and highly diversified independent MRO Air Works for Rs 400 ...

Ambuja issued 47.7 crore warrants to Adani family

19 Nov

Ambuja Cements, now a part of Adani Group, has raised ₹500 crore by issuing 47.74 crore warrants to the Adani family firm Harmonia Trade and Investmen ...

Parle in talks to buy polish biscuit maker Dr. gerard

19 Nov

Indian biscuit maker Parle Products is in discussions to consider buying Poland-based peer Dr Gerard from private equity firm Bridgepoint, newspaper E ...

Tatas to triple Air India's fleet in 5 years: AI MD & CEO

19 Nov

Air India aims to triple its fleet size in five years, chief executive Campwell Wilson told reporters on Tuesday. The expansion in fleet size can be a ...

Jio topple BSNL to becomes India's top landline player

19 Nov

Reliance Jio has toppled state-run BSNL in August to become India’s largest landline phone service supplier. This is the primary time because the star ...

PayU backs out on 13 month- old deal to acquire Bill Desk for $4.7 billion.

04 Nov

In what would have been the biggest cash buyout in the payments space, PayU has backtracked on its 13month-old deal to acquire BillDesk for $4. 7 bill ...

Mfg. activity expands for the 15th consecutive month in september

04 Nov

The index reading underlines the resilience of India’s manufacturing sector activity amidst global recession fears, although has undergone a moderatio ...

PhonePe moves domicile from Singapore to India ahead of its plan to launch IPO

04 Nov

The digital payment company is seeking a valuation of USD 8-10 billion and plans to list on Indian bourses. Fintech player PhonePe, a part of the Walm ...

Former Indian Oil director Sandeep Gupta takes over as GAIL chairman

04 Nov

Sandeep Kumar Gupta on Monday assumed charge as the chairman and managing director of GAIL (India) Limited. Addressing the employees after taking char ...

Coal production rose more than 12% in September from a year ago

04 Nov

"During September 2022, CIL (Coal India Ltd), Singareni Collieries Company Ltd (SCCL) and captive mines/others registered a growth of 12.35%, 8.43% an ...

India's exports fall by 3.5% to $32.6 billion in september

04 Nov

The country's exports shrink by 3.52% to $32.62 billion in September as against $33.81 billion in the same month in 2021, while the trade deficit wide ...

Current a/c deficit widens to 2.8% in Q1, worst in 4 years

30 Nov

India’s current account deficit (CAD) for the April-June quarter widened to 2.8% of the gross domestic product (GDP) — the highest in four years, bu ...

Sr. citizen’s savings plan made more attractive

30 Nov

The finance ministry on Thursday announced an increase of up to 30 basis points in interest rates on certain small savings products for the next qua ...

BSNL looks at Jio for 4G-5G network order

30 Nov

The government’s mega telecom order running up to Rs 17,000 crore for TCS-Tejas and C-DOT consortium seems to have run into rough weather, with stat ...

Govt to borrow Rs 10,000 crore less, eyes Rs 16,000 crore in sovereign green bonds

30 Nov

The Centre’s market borrowings will be Rs 10,000 crore lower than planned earlier, indicating that it is on course to meet its deficit targets due t ...

With mkts opening, good rains, growth outlook robust for Raj

30 Nov

HDFC bank has clocked business expansion of 25% in the one-year period ending June 2022 with the credit and deposits growing at similar rates.Pratee ...

India up six places at 40th in innovation index

30 Nov

India has entered the top 40 economies in the 2022 global innovation index, jumping six places from last year and bagging the top position among 36 ...

Rupee nears 82/$, sensex slides for sixth day in row

29 Nov

Continuing to weaken against the dollar, the rupee closed at a new life low of 81.94 against the US currency after nearing the 82-level in intraday ...

Need fixed peg to boost rupee-rouble trade: SBI

29 Nov

Central banks need to come together and agree to peg the rupee-rouble pair to a fixed exchange rate to make rupee trade successful, according to a r ...

Saved card no. online? New rules from Oct 1

29 Nov

Payment aggregators are finally prepared for the October 1 rollout of RBI’s card-tokenisation norms, which will change the way debit and credit card ...

New Delhi, Mumbai, Ahmedabad railway stations to get Rs 10k crore makeover

29 Nov

The Cabinet on Wednesday approved Rs 10,000 crore for redevelopment of New Delhi, Ahmedabad railway stations and Mumbai's Chhatrapati Shivaji Termin ...

Centre terminates Central Electronics divestment process

29 Nov

The government on Wednesday formally terminated the sale of its 100% stake in Central Electronics Limited (CEL) and disqualified the successful bidd ...

State run banks plan to set up big data verticals

29 Nov

State-run banks will set up dedicated verticals for big data and analytics, and integrate all data sources, eyeing a shift to a more data-driven dec ...

RBI expected to prop up ₹, take steps to boost $ flows

28 Nov

Economists have said the Reserve Bank of India (RBI) is likely to take measures to increase the supply of dollars to restore market confidence amid ...

Uco, Yes Bank tie up with Russian banks for payments

28 Nov

NEW DELHI: Uco Bank and Yes Bank have put in place arrangements with two Russian counterparts as India seeks to step up trade with the sanctioned na ...

Number of credit cards shrinks by 23 lakh in a month

28 Nov

The total number of credit cards declined by 22.6 lakh on a net basis in August this year to 7.8 crore from over 8 crore in the previous month due t ...

Torrent acquires derma co Curatio in ₹2,000cr deal

28 Nov

In one of the largest pharma deals over the last two years, Ahmedabad-based Torrent Pharmaceuticals is acquiring dermatology firm Curatio ...

Measure LIC by mkt share growth: Chairman at AGM

28 Nov

Life Insurance Corporation (LIC) of India’s chairman M R Kumar has said that the corporation’s performance should be measured by its ability to reta ...

China will feel increasingly isolated, says Gautam Adani

28 Nov

Billionaire Gautam Adani on Tuesday said China will feel increasingly isolated as rising nationalism, a shift in supply chains and technology restri ...

Finance Regulators debated on one KYC policy for all services.

16 Nov

A meeting of all the financial sector regulators and the finance minister in Mumbai on Monday discussed the issue of a common KYC (know your customer) ...

Mercedes: Road deaths are due to systemic problems.

16 Nov

At a time when it faces scrutiny after the death of former Tata Sons chairman Cyrus Mistry in a Mercedes-Benz car accident, the company's India MD &am ...

PM stressed on green innovations for auto industries.

16 Nov

Prime Minister on Thursday stressed on the need for automobile industry's innovation for green alternatives to ensure protection and conservation of e ...

JSW will file appeal before NCLAT against CCI order.

16 Nov

JSW Paints will appeal against the order of Competition Commission of India (CCI) that dismissed allegations of unfair trade practices by Asian Paints ...

Govt. said that national logistics policy will help in cost reduction across economy.

16 Nov

The government on Thursday said that PM GatiShakti had helped identify critical gaps, speed up implementation of infrastructure projects and the propo ...

Adani entered in Bengal to modernise Haldia port for Rs 298 crore.

16 Nov

Adani Ports and Special Economic Zone (APSEZ) subsidiary HDC Bulk Terminal Ltd will modernise the Haldia port in West Bengal at an estimated cost of R ...

IBBI allowed early resolution incentive to RPs.

15 Nov

The Insolvency & Bankruptcy Board of India (IBBI) has allowed payment of incentive for early resolution as well as "value maximisation", while fix ...

Byju's losses increased 17 times in 2020-21 to Rs 4,500 Cr.

15 Nov

After more than a year's delay, edtech start-up Byju's announced its audited results for the financial year 2020-21 that showed losses of Rs 4,500 cro ...

IBM India: Moonlighting is not ethical.

15 Nov

After Wipro chairman and Infosys spoke against moonlighting, a senior executive of IBM India has called the practice unethical. Managing director of I ...

The Govt. Warned auto companies to face serious action if against localisation.

15 Nov

The government warned multinational and local auto companies for serious action to be taken if they force Indian component makers to compulsorily sour ...

Niti Aayog CEO: Two and Three-wheelers may go 100% electric by 2026.

15 Nov

Two and three wheelers are expected to go 100% electric over the next four years, former Niti Aayog CEO said, adding that current trends suggest that ...

India has authorised SBI to promote rupee trade with Russia.

15 Nov

SBI is likely to help exporters deal with payments from Russia, with Moscow expected to designate a bank to deal with the new rupee payment mechanism, ...

FM asked Indian Companies why they are hesitating to invest in manufacturing.

14 Nov

Finance Minister on Tuesday sought to know from industry what is holding it back from investing in manufacturing, even though foreign investors show c ...

Chief Economic Advisor: The rupee can take care of itself.

14 Nov

Chief economic adviser on Tuesday said that India is not defending the rupee, and that the RBI is only taking necessary steps to ensure that the rupee ...

Moody's: Inflation & supply chain disruption are the major risks for emerging Asia.

14 Nov

Inflation and supply chain disruptions are the biggest risks over the next 12-18 months in emerging Asia, according to an audience poll at the Emergin ...

Second-hand vehicle market will be regulated in India soon.

14 Nov

Dealers who sell second-hand vehicles may soon be regulated in India. Under the new rules, they will have to notify the authorities about the sale pro ...

India's sunflower oil imports rose 89.6% in August.

14 Nov

After the Ukraine crisis, Russia and Argentina have emerged as major suppliers of sunflower oil to India as imports of the cooking oil jumped 89.6 per ...

Rupee recovered to 79.15/dollar, highest level since Aug 3.

14 Nov

The rupee on Tuesday rose to a six-week high against the US dollar, mimicking the recent equities rally that has led the Nifty past 18,000 and within ...

ED has unfrozen bank accounts of WazirX.

13 Nov

The ED has unfrozen the bank accounts of crypto platform WazirX, the company said in a blog post on Monday. “After an in-depth internal investigation, ...

SEBI approved the IPO of Navi Technologies.

13 Nov

Markets regulator SEBI has given its approval for the initial public offering of Navi Technologies, which has investments from Flipkart co-founder. Th ...

Commerce Minister: Indian exports shouldn’t depend on weak Rupee.

13 Nov

The growth of exports from India should not be dependent on a weak rupee and the country’s goods & services should stand “on their own legs on the ...

Vedanta selected Gujarat for semiconductor project.

13 Nov

Vedanta Ltd has selected Gujarat for its semiconductor project, the first major step in its $20 billion joint venture with Taiwan's Foxconn. Vedanta o ...

Infosys: Moonlighting will not be allowed.

13 Nov

The IT industry is cracking down on moonlighting. Just weeks after Wipro chairman described moonlighting as “cheating plain and simple”, Infosys has s ...

Government planned Rs 20,000 Cr. aid to oil Companies.

13 Nov

India plans to pay about Rs 20,000 crore to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a ch ...

LML again started its production from Harley’s India plant.

12 Nov

The erstwhile India factory of Harley-Davidson, shut since the American bike-maker quit solo operations in the country to join hands with local Hero M ...

Metaverse is expected to be worth $679 billion by 2030.

12 Nov

The metaverse is expected to grow rapidly to $679-billion industry by 2030, but the growth has implications for trust and safety (T&S). These incl ...

White-collar jobs declined for women in 2022.

12 Nov

Job postings for women candidates in the white-collar space have declined significantly since the beginning of the current calendar year. This has tri ...

Reliance Infra filed claim of Rs. 134 billion in Power Deal with Adani.

12 Nov

Reliance Infrastructure Ltd. Said that it filed an arbitration claim of 134 billion rupees ($1.7 billion) in relation to a deal to sell its Mumbai pow ...

Urban infra & railway will get 70% share of mobility spends.

12 Nov

Urban infrastructure and railways may get more than 70% share of the investment that government envisages in the next 25 years. During the past two-an ...

FDI in Insurance Sector: Unfavourable global response.

12 Nov

Nearly 18 months after the government hiked the limit for FDI in insurance companies to 74%, the response from global players has been lukewarm. Itali ...

Shareholders of Tata Sons voted for separate-separate chairperson for the Company and Trust.

31 Nov

A majority of the shareholders of Tata Sons voted in favour of a resolution to have separate chairpersons for the company and its promoter Tata Trusts ...

Account Aggregator (AA) platform will prevent frauds in bank a/c statements.

31 Nov

It has been less than a month since all the 12 public sector banks and all the major private banks on-boarded the account aggregator (AA) platform. Ea ...

Adani became 3rd richest over the world.

31 Nov

In a little over two and half years, Adani’s wealth has galloped over 13 times. In January 2020, his net worth was about $10 billion. In Indian curren ...

The Government is likely to invite bid for privatisation of SCI.

31 Nov

The government is likely to invite financial bids for privatisation of state-owned Shipping Corporation of India (SCI) in the March quarter, official ...

IRDAI: Health and Insurance sector require parallel investment.

31 Nov

Insurers need to work together with hospitals, and investors in health insurance should also put money in healthcare when value-added services are all ...

Open Network for Digital Commerce (ONDC) is looking for expansion.

31 Nov

Open Network for Digital Commerce (ONDC), the UPI type architecture for e-commerce, has lined up an ambitious expansion that will see the start of bet ...

Insolation Energy to list on BSE÷SME platform, raise 22cr

22 Nov

Jaipur: The leading solar PV panel manufacturer of Rajasthan, Insolation Energy Ltd is set to hit the bourses to raise Rs 22 crore from the l ...

Pledged Shares fall to 1.5% of promoter stake in Q1

22 Nov

The value of shares pledged by promoters of top 500 companies on the BSE declined to 1.5% of the aggregate promoter holding during the April-June qu ...

There's room for all in retail loan market'

22 Nov

Standard Chartered (StanChart) is one of the few multinational banks for which India is key market in wholesale and retail business. It has consolid ...

No move to levy charges on UPI services: Finance ministry

22 Nov

NEW DELHI: There is no move in the government to levy any charges on UPI (Unified Payments Interface) transactions, the finance ministry said on Sun ...

Prices of raw materials dip, give auto companies hope

22 Nov

chennai: Raw material prices are beginning to soften after nearly 20 months of rising relentlessly. This has allowed auto companies, both vehicle ma ...

Rs 70,000 crore pulled out from debt MFs in June quarter

22 Nov

Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for the third consecutive quarter and pulled out o ...

SpiceJet in talks with Indian company, Gulf airline for stake sale

04 Nov

Cash-strapped SpiceJet promoter Ajay Singh is in talks with multiple players — including a Middle Eastern carrier and a big Indian conglomerate — fo ...

IndiGo cuts loss to Rs 1,000 crore, revenue hits record Rs 13,000 crore

04 Nov

IndiGo has reported a loss of Rs 1,064.3 crore in the April-June 2022 quarter — down by almost a third from a loss of Rs 3,174.2 crore in same perio ...

Uber exits Zomato, sells 7.8% stake for Rs 3,100 crore

04 Nov

Global ride hailing major Uber, through its arm Uber BV, on Wednesday sold its entire 7. 8% stake in food delivery platform Zomato for about Rs 3,10 ...

Airtel gears up for 5G roll-out this month; partners with Ericsson, Nokia

04 Nov

Bharti Airtel on Wednesday signed agreements with global telecom equipment majors Ericsson, Nokia, and Samsung to commence the deployment of 5G serv ...

Rupee weakens 44 paise to 79.16/$ on widening trade deficit

04 Nov

The rupee weakened by 44 paise to close at 79. 16 from Tuesday’s close of 78. 72. Dealers said that the rupee opened weak over concerns of a wide ...

Finance ministry: Vivo evaded Rs 2,200 crore customs duty

04 Nov

The Directorate of Revenue Intelligence (DRI) has detected customs duty evasion of around Rs 2,217 crore by smartphone maker Vivo India, a subsidiar ...

The rupee rose to a five-week high on Tuesday even FM denies its collapse

03 Nov

The rupee rose to a five-week high on Tuesday to strengthen at 78 levels, forcing the central bank to change tack and buy dollars to prevent an appr ...

GST move on unbranded food due to misuse: Finance minister

03 Nov

Finance minister Nirmala Sitharaman, responding to a debate on price rise in the Rajya Sabha on Tuesday, said, “Nobody is in denial about the price ...

Trade deficit hits record $31 billion in July

03 Nov

India’s exports dipped for the first time since February 2021 as some of the checks imposed by the government to increase domestic supply took a tol ...

E-invoice cap for B2B GST to be halved to Rs 10 crore

03 Nov

The Centre will halve the threshold for mandatory GST e-invoicing for business-to-business transactions to Rs 10 crore from October 1. The Central B ...

Export tax scrapped on jet fuel, reduced on diesel; raised on domestic crude

03 Nov

The government late on Tuesday night scrapped the export tax of Rs 4 per litre on jet fuel and reduced it on diesel by more than half from Rs 11 per ...

5G to come 1st in metros, key cities, at a premium

03 Nov

So, which cities will be the first to get the high-speed 5G networks? And would the coverage be seamless or be available only within selected zones? ...

The RBI’s monetary policy committee (MPC) may announce a rate hike of 35-50 basis points, reversing Covid rate cuts

01 Nov

The RBI’s monetary policy committee (MPC) may announce a rate hike of 35-50 basis points (100bps = 1 percentage point) on Friday after its meeting, ...

Cereals beat slowing trend in FMCG foods

01 Nov

The breakfast and healthy snacks category has emerged as an outlier in the FMCG foods sector. An increasing awareness around healthy eating, snackin ...

Fight for UP-East circle extends spectrum sales

01 Nov

It’s a prestige battle for the Hindi heartland. The Modi-Yogi-Ayodhya turf has, amongst different elements, seen the excessive-profile telecom ...

Foreign portfolio investor’s return after 9 months, buy Rs 5,000 crore stocks in July

01 Nov

After nine consecutive months of selling, foreign investors have turned net buyers of Indian stocks, investing nearly Rs 5,000 crore in July on soft ...

Mahindra & Mahindra receives over 1-lakh bookings for Scorpio-N SUV

01 Nov

Indian automobile major Mahindra & Mahindra on Saturday claimed that it has received more than 1-lakh bookings for its all-new Scorpio-N SUV. M& ...

India doesn’t have issues like Pak & Sri Lanka, says former RBI governor Raghuram Rajan

01 Nov

India has sufficient foreign exchange reserves, external debts are low and the country is not facing economic problems like Sri Lanka and Pakistan, ...

Carlyle, Advent to put $1.1 billion (around Rs 8,900 crore) in Yes Bank for 10% stake each

30 Nov

Yes Bank will raise $1.1 billion (around Rs 8,900 crore) from funds affiliated to two global private equity firms — Carlyle and Advent International. ...

Indian Oil has roped in ONGC Videsh (OVL), to acquire stake in Tullow's $3.5bn project

30 Nov

Flagship refiner-retailer Indian Oil has roped in ONGC Videsh (OVL), the overseas investment arm of state-run explorer ONGC, to revive talks for buyin ...

Irdai flags reforms for investment, expenses for insurers

30 Nov

The Insurance Regulatory and Development Authority of India (Irdai) has backed its growth push by flagging off reforms in the areas of investment, dis ...

'Absolute rubbish, we will never merge': Ola CEO on reports of merger talks with Uber

30 Nov

Ola founder and CEO Bhavish Aggarwal has rubbished reports in a section of media about the company being in talks with Uber for a possible merger.&nbs ...

Time for India to become a market maker: PM Modi

30 Nov

Prime Minister Narendra Modi on Friday said it was time for India to become a market maker instead of merely remaining a market as he inaugurated the ...

Rupee gains will reduce pressure on RBI to sell dollars

30 Nov

The rupee registered its biggest single-day gain in 15 months, closing 50 paise higher at 79.26 in the interbank foreign exchange market on Monday. T ...

Dow Jones Says: Jack Ma Plans to Give Up Control of Ant

29 Nov

Chinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co, the conglomerate he founded, the Wall Street Journa ...

US Senate passed an expansive $280- billion bill to counter China

29 Nov

The US Senate on Wednesday passed an expansive $280-billion bill aimed at building up America's manufacturing and technological edge to counter China, ...

US economy shrinks for second consecutive quarter

29 Nov

GDP fell 0.9% on an annualised basis, according to official data.
The US economy shrank for a second consecutive quarter, meeting one of the common ...

Gold business up 54% in June quarter at Rs 79,000 crore

29 Nov

Gold demand in India was up 43% at 171 tonne in April-June as against 120 tonne in the year-ago period. Demand for gold jewellery was higher by 49% at ...

FMCG touch points raise 9% as economy opens up

29 Nov

As the spectre of lockdowns disappears, the purchase frequency of brands in fast-moving consumer goods (FMCG) has improved. This has triggered growth ...

I-T returns hit 4cr, 68% of Dec 31 tally; no July 31 deadline extension

29 Nov

Regardless of a social media marketing campaign to defer the deadline for submitting earnings tax returns, the federal government is ruling out an ext ...

US Federal Reserve again raises interest rates by 75bps, all eyes on RBI

28 Nov

A rate hike by the Reserve Bank of India (RBI) next week is assured with the US Federal Reserve increasing interest rates by 75 basis points (100bps ...

Maruti Suzuki Quarter 1st Results: Profit more than doubles to Rs 1,013 crore; revenue jumps 51%

28 Nov

Maruti Suzuki on Wednesday reported a 129.76 per cent year-on-year (YoY) surge in net profit at Rs 1,012.80 crore in the June quarter compared with ...

Jaguar Land Rover drives Tata Motors into a Rs 5,000 cr loss

28 Nov

Tata Motors on Wednesday reported a wider net loss in the first quarter of fiscal 2023 as Jaguar Land Rover’s (JLR’s) earnings skidded and raw mater ...

3 PSU non-life insurers to be women-led with 2 new picks

28 Nov

Three public sector general insurance companies will soon be headed by women with the newly constituted Financial Services Institutions Bureau (FSIB ...

Hybrid offices need coaches, not bosses

28 Nov

A key post-pandemic epiphany for organisations has been that the new leadership style is not ‘managing’ but ‘coaching’. The transformation of a mana ...

Policy was needed Board-level engagement in banks on climate risk inadequate: RBI survey

28 Nov

The survey pointed out a majority of the banks did not have a separate business unit or vertical for sustainability and ESG-related initiatives & ...

Govt starts work on sale of Alliance Air, other ex-AI co’s

27 Nov

After Air India, the Centre has now begun work on privatising its erstwhile subsidiaries - regional carrier Alliance Air Aviation, AI Engineering Se ...

L&T cuts biz verticals to 7 from 9, reduces costs

27 Nov

The S N Subrahmanyan-led Larsen & Toubro (L&T) has merged some of its businesses, trimming costs and streamlining its corporate structure. T ...

IMF sees India's FY23 growth slowing to 7.4%

27 Nov

The Indian economy is estimated to grow by 7.4% in current fiscal (2022-23). This is sharply slower than the International Monetary Fund's (IMF's) e ...

MHA gives security clearance to Air India CEO-designate Campbell Wilson

27 Nov

The Ministry of Home Affairs (MHA) has given security clearance to Air India CEO-designate Campbell Wilson, paving the way for him to take charge of ...

Falling makes EV parts costlier

27 Nov

The depreciation of the rupee has started pinching electric vehicle (EV) companies in India as these have 40-45% imported components with a direct d ...

5G spectrum sales net record Rs 1.45 lakh crore on Day 1

27 Nov

The government netted a record Rs 1.45 lakh crore on the first day of 5G spectrum sale on Tuesday, much higher than the Rs 1.1 lakh crore it made in ...

RBI imposed fine on Kotak and IndusInd bank for irregularities.

05 Nov

The RBI has imposed fines on Kotak Bank and IndusInd Bank for irregularities. Kotak Bank has been fined Rs 1.05 crore for failing to transfer unclaime ...

The CG has enacted 52 regulatory changes for ease of doing business for startups.

05 Nov

Gujarat, Karnataka and Meghalaya were the 'best performers' in developing startup ecosystems for entrepreneurs last year, according to the latest ...

Record trade deficit of $25.63 bn in June, added pressure on rupee too.

05 Nov

India's June trade deficit widened to a record $25.63 billion, pushed by a rise in crude oil and coal imports, from $9.61 billion a year ago, adding t ...

People preferred unbranded packs amid inflation.

05 Nov

Consumers have not stopped mopping their floors or keeping their toilets clean. But they have certainly started using unbranded products for these cho ...

Byju’s commented against rumors: We paid all the dues of Aakash.

05 Nov

Byju’s said on Monday that it has made all the payments due to Aakash Educational Services, the company it acquired last year for nearly $1 billion. T ...

Custom seized 4.284 Kg gold in compound form at Karipur airport, Kerala.

05 Nov

In yet another major crackdown by Customs, 4.284 kg of gold in compound form was confiscated from three flyers at Karipur airport. The customs officia ...

Toyota decided to launch new car after 2-year gap.

04 Nov

Nearly two years after suspending car launch plans in India over what it called "prohibitive" taxes, the world's biggest carmaker Toyota has revived i ...

RBI defended rupee with $41 billion spent over 5 months.

04 Nov

The RBI is estimated to have spent more than $41 billion of its reserves since February this year in defending the rupee. As a result of this and the ...

Maruti to push SUVs, may bring iconic Jimny to India.

04 Nov

Maruti is eyeing 50% market share once again, and SUVs & hybrids are the route it is taking to reclaim lost ground. The strategy may see the compa ...

High cash in circulation helped the RBI in its current policy.

04 Nov

India ranked number three in terms of usage of banknotes with only Japan and Hong Kong having a higher ratio of currency-in-circulation (CIC) to GDP. ...

Global slowdown: Govt expected to increase services export.

04 Nov

The global slowdown has prompted the government to focus on higher services exports, which it expects will grow by around 20% to $300 billion this yea ...

Demand for top executives doubled in last one year.

04 Nov

The market for hiring top executives is on fire. That’s how executive search firms describe the current sentiment as most of these have seen 100% grow ...

Private banks tripled their share in MSME loan.

27 Nov

Private sector banks more than tripled their share in loans sanctioned to the MSME sector to 69.8% in FY22 from the previous year’s levels. Earlier, p ...

Beauty product maker Revlon’s bankruptcy plea can bring changes in Indian market.

27 Nov

US beauty products maker Revlon Inc’s move of filing for bankruptcy has put the spotlight on the India business. The domestic operations here are cont ...

Acko to use e-history, cell brand, Credit scores etc. to rate general insurance plans.

27 Nov

Digital insurer Acko is looking at dynamic pricing of insurance plans such as motor policies by using a host of customer data, including their credit ...

RBI monetary policy committee said No intolerable sacrifice of growth to tame inflation.

27 Nov

The Indian economy has barely recovered from the impact of the coronavirus pandemic and it should be ensured that there is no "intolerable growth sacr ...

Adani invested in copper, took Rs 6,000 crore loan for plant.

27 Nov

Billionaire Gautam Adani has set the ball rolling to build a one-million-ton per annum (MTPA) copper plant in his home state of Gujarat. He has raised ...

Open Network for Digital Commerce (ONDC) is working towards hyperlocal search engine model.

27 Nov

A kirana store owner, unlocked the screen of his phone, opened a popular payment app and searched for a product. Immediately, products available in hi ...

The Bureau of Indian Standards (BIS) has notified standards for two-wheeler EV batteries.

25 Nov

Amid cases of electric vehicles (EVs) catching fire, the Bureau of Indian Standards (BIS) has notified the new performance standards for two-wheeler E ...

Suzuki-Toyota came together to Develop A New Hybrid SUV.

25 Nov

The Japanese might of Toyota-Suzuki is set to challenge the dominance of tough rivals Tata Motors, Mahindra & Mahindra, and Hyundai-Kia in the Ind ...

RBI gave 3 months extension for card tokenization.

25 Nov

The RBI has extended the deadline for tokenization of customer payment cards stored by e-commerce and other businesses. The new norms barred merchants ...

Parameswaran Iyer replaced Kant as Niti Aayog CEO.

25 Nov

Retired civil servant Parameswaran Iyer, who played a key role in the rollout of the Swachh Bharat mission, has been appointed as the new chief execut ...

RBI planned fewer rate hike than other market.

25 Nov

The RBI plans to undertake fewer rate hikes than other markets and bring back inflation within its target in two years, a top official said. At the sa ...

NTPC reached 2GW renewable energy capacity.

25 Nov

State-run NTPC's renewable energy capacity has topped 2GW (gigawatts) as the country's largest power producer pivots from coal to green energy with a ...

NTPC reached 2GW renewable energy capacity.

25 Nov

State-run NTPC's renewable energy capacity has topped 2GW (gigawatts) as the country's largest power producer pivots from coal to green energy with a ...

PM asked business leaders and exporters to freely discuss their concerns with the government.

24 Nov

PM on Thursday asked industry leaders and exporters to freely discuss their concerns with the government, along with innovative suggestions and soluti ...

Retailers/Stores refused to take plastic straws from beverage companies due to ban on single use plastic from 1st July.

24 Nov

Retailers are instructing beverage companies to not supply tetra paks with plastic straws as these cannot be stocked starting July 1. That's when the ...

Tata's Nexon e-car caught fire in Mumbai, company & government started probe.

24 Nov

The alarming issue of electric vehicles catching fire has spilled over from two-wheelers into the car industry. A Tata Motors Nexon caught fire in Mum ...

Adani committed to donate Rs 60,000 crore in charity on his 60th birthday.

24 Nov

Adani Group chairman Gautam Adani has committed to donate Rs 60,000 crore ($7.7 billion) to social causes. Adani's corpus will be administered by the ...

HUL chairman: Inflation challenges will stay in 2023 also.

24 Nov

Inflationary challenges are going to continue through the remaining of the year at least, but the medium and long-term prospects of the fast-moving co ...

Ikea decided to shut its purchase office in Delhi-NCR.

24 Nov

Swedish furniture retailer Ikea is shutting down its purchasing office in the Delhi NCR region, which has been operational for decades. The move, whic ...

Commissionerate of Customs issued notices to 25 respondents in gold snuggling case.

24 Nov

The Commissionerate of Customs (preventive) has issued show-cause notices to 25 respondents in the Ramanattukara gold smuggling case. The smuggling bi ...

CBDT: Onus of TDS deduction on transfer of crypto or other virtual digital assets will be on Exchanges.

23 Nov

The income tax department said that 1% TDS on transfer of virtual digital assets would be levied on net transaction value and the onus of deducting th ...

RBI deputy governor has called for taking the repo rate above the four quarters.

23 Nov

RBI deputy governor has called for taking the repo rate above the four quarters ahead forecast of inflation. His call came even as RBI governor flagge ...

Current account deficit declined to $13.4bn in Q4 from $22.2bn in Q3.

23 Nov

The current account deficit (CAD) for the fourth quarter of FY22 came in at $13.4 billion, which works out to 1.5% of the GDP, lesser than expected by ...

AU Small Finance Bank has launched the industry’s first customizable credit card.

23 Nov

Living up to its mission of transformation, AU Small Finance Bank launched an innovative credit card product that revolutionizes the credit card lands ...

NFRA red flaged IL&FS audit lapses.

23 Nov

The National Financial Reporting Authority (NFRA), the regulator for auditors of large and listed entities, has red flagged Ernst & Young affiliat ...

Kellogg India to be part of Global Snacking Company.

23 Nov

Kellogg India will be part of Global Snacking Co after the restructuring of the US-based multinational organization into three independent public comp ...

BSE, NSE approved the PVR-INOX merger.

22 Nov

Multiplex chains PVR and Inox Leisure have received approval from exchanges, BSE and NSE for a merger on Tuesday. PVR and Inox Leisure received an obs ...

Akasa's Boeing 737 landed in India, will start operation from July.

22 Nov

Investor Rakesh Jhunjhunwala-backed Akasa will take to the skies from next month-end and ticket sales could begin by early July. The budget carrier's ...

PSBs asked to measure customer service quality.

22 Nov

Public sector banks (PSBs) will be assessed for customer services, which will be measured on the basis of customer service ratings. They will also foc ...

Twitter board approved Musk's buyout bid worth $44 billion.

22 Nov

Twitter's board has recommended unanimously that shareholders approve the proposed $44-billion sale of the company to Tesla CEO, according to a regula ...

RBI gave extension for card activation norms.

22 Nov

The RBI gave three more months to banks and NBFCs issuing credit and debit cards to comply with certain norms including activation of cards without co ...

RBI Report: Punjab, Kerala, West Bengal, Rajasthan are highly stressed states on fiscal parameters.

22 Nov

Punjab, Rajasthan, Kerala, West Bengal and Bihar have been identified as highly stressed states on fiscal parameters, an RBI-published study said. "Fo ...

Air India likely to order 300 narrow body jets, one of history’s largest aircraft deals.

21 Nov

Air India Ltd. is ordering 300 narrow body jets, one of the largest orders in commercial aviation history as the formerly state-run airline looks to o ...

Agnipath: Indian companies supporting the Centre’s scheme.

21 Nov

Several prominent business leaders, including N Chandrasekaran, Anand Mahindra, Sajjan Jindal and Kiran Mazumdar-Shaw, have come out in support of the ...

Vedanta puts up for sale the Sterlite copper plant in Tuticorin, Tamil Nadu.

21 Nov

Vedanta has put Sterlite Copper plant in Tamil Nadu on the block. The plant’s shutters were pulled down by the Tamil Nadu government in May 2018 after ...

RBI barred credit lines for prepaid wallet top-up.

21 Nov

The RBI said that issuers of prepaid instruments (wallets) cannot allow them to be loaded using credit lines. The difference between credit and a cred ...

SEBI allowed Mutual Funds to resume investing abroad.

21 Nov

SEBI has allowed mutual fund companies to invest in international markets again provided the amount is within the aggregate limit of February 2022, wh ...

Finance ministry: India is facing near-term challenges, stagflation risk low.

21 Nov

India facing near term challenges which need to be managed carefully without sacrificing hard-earned macro-economic stability, the finance ministry sa ...

Govt declared ICICI, HDFC, NPCI's IT resources as critical information infrastructure under IT Act.

20 Nov

The government has declared the IT resources of ICICI Bank, HDFC Bank and UPI managing entity NPCI as 'critical information infrastructure', implying ...

Commerce and industry minister: India fully protected interests of farmers, fishermen at WTO conference.

20 Nov

India has completely protected the interests of farmers and fishermen in the recently concluded ministerial conference of the World Trade Organization ...

Power plant boost: Coal output increased by 31%.

20 Nov

A 31% year on year increase in domestic coal production and 26% rise in loading of railway rakes in the April-May period have reversed the trend of wo ...

FM is scheduled to meet the heads of public sector banks today to review their performance.

20 Nov

Finance Minister is scheduled to meet the heads of public sector banks (PSBs) on Monday to review the performance of the lenders and the progress made ...

Buying of wholesale packs not likely to be economically due to price increase.

20 Nov

If your household demand for consumer products is met mainly through larger packs, inflation would have pinched you harder in the last three months th ...

Shoppers faced shortage of sauces, popcorn globally.

20 Nov

A shortage of popular food items from popcorn to sriracha (a spicy sauce) is hitting restaurants and grocery shelves this summer, a sign that the worl ...

RBI governor said: Holding back hikes saved economy.

18 Nov

RBI governor said that pursuing a 4% inflation target during the pandemic would have been disastrous for the economy, and it would have taken India ye ...

RBI is strict on June-end deadline for tokenization.

18 Nov

The RBI is unlikely to relax its norms on card tokenization, which requires online businesses to stop storing payment card data after June 30. Bankers ...

WTO deal on patent waiver is not enough as it failed to address monopolies and access barriers.

18 Nov

The WTO deal on the proposed patent waiver for all Covid medical tools appears substantially “watered down” as it failed to address monopolies and acc ...

“BigTech firms in finance business may pose risk”: RBI Governor

18 Nov

RBI governor said that the presence of BigTech firms in financial services may pose risks around competition and data privacy. He also said that the R ...

Net direct tax receipts increased 45% in Q1 till mid-June.

18 Nov

Net direct tax receipts between April and mid-June soared by 45% to more than Rs 3. 39 lakh crores, while advance tax collections for the first quarte ...

Parliamentary panel said: Fast-track probe against e-commerce companies flouting FDI rules.

18 Nov

Flagging the limitations of the FDI policy in addressing anti-competitive practices in the e-marketplace such as self-preferencing, lack of platform n ...

Total Energies will acquire 25% stake in Adani New Industries (ANIL).

15 Nov

French energy major Total Energies will acquire a 25% stake in Adani New Industries (ANIL), the new energy venture of the Ahmedabad based edible oils ...

SBI, HDFC, IDBI, Kotak increased rates on deposits.

15 Nov

SBI, HDFC, IDBI Bank and Kotak Mahindra Bank have revised their deposit rates. SBI has also revised its marginal cost of lending rate (MCLR), which is ...

The Pension Fund Regulatory and Development Authority (PFRDA) expects Non-govt account additions to double in NPS.

15 Nov

The Pension Fund Regulatory and Development Authority (PFRDA) expected enrolments from non-government subscribers to the National Pension System (NPS) ...

RBI: Banks violating govt entity lending guidelines.

15 Nov

The RBI has reiterated its earlier guidelines barring banks from providing loans that are used to finance state government Budgets noting that lenders ...

CCI approved proposed acquisition of Air Asia India by Air India.

15 Nov

CCI said it has approved the proposed acquisition of the entire shareholding of Air Asia India Ltd by Air India Ltd. The proposed combination envisage ...

Commerce and industry minister attacked developed countries on subsidies for fisheries.

15 Nov

Commerce and industry minister attacked developed countries for proposing to limit the subsidies of developing and poor nations, including India, whil ...

Amid rapid growth in customers, RBI is taking a hard look at the neo banks.

13 Nov

The RBI is taking a hard look at the neo bank business model where fintechs plug into a conventional bank’s network and become customer-facing banking ...

Countries seeking ban on export curbs didn’t contribute to food plan.

13 Nov

A group of 80 countries and the WTO leadership may be seeking a ban on all export restrictions for the World Food Programme (WFP) but several of them ...

Tencent buy Flipkart stake from Binny Bansal.

13 Nov

Chinese technology giant Tencent has acquired a stake worth $264 million in Walmart-backed Flipkart from its former co-founder Binny Bansal. Post the ...

Govt. lost UK battle against $111 million award to RIL-BG in oilfield dispute.

13 Nov

An English commercial court has dismissed the government’s appeal against $111 million international arbitration award in favour of Reliance Industrie ...

Health activists seek ‘real TRIPS (Trade-Related Aspects of Intellectual Property Rights) waiver’.

13 Nov

The draft proposal on Covid medical tools to be taken up at the WTO ministerial conference is not “even close to the real TRIPS waiver” and would inst ...

India attacked developed nations for holding up patent waiver decision.

13 Nov

India hit out at developed countries for holding up a decision on patent and other intellectual property rights waiver for Covid vaccines, drugs and d ...

New term policies don’t need IRDAI nod.

11 Nov

Life insurance companies can now launch a number of new products, including term insurance plans and other non-linked ones, without prior approval fro ...

“Divestment not to shut Central Public Sector Enterprises (CPSEs), but for efficiency” said Finance Minister.

11 Nov

Finance Minister said that the principle of the government’s disinvestment programme is not to shut any unit or company but to make them more efficien ...

Rupee ended at new low, fell by 21 paise in this week.

11 Nov

The rupee closed at a new low of 77.84 on Friday, ending a week of daily declined against the US dollar. The local currency has lost 21 paise against ...

After Covid, RBI is looking at new sources of data.

11 Nov

The RBI is using new software tools that help it in analysis of unstructured data. The RBI’s decision to go beyond the standard offering for macroecon ...

Indian crude oil basket hit 10-year high; petrol, diesel prices unchanged.

11 Nov

The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain fr ...

6 Indian banks are suing GVK in London for ₹12,114 crore.

11 Nov

Six Indian banks namely BOB, BOI, Canara Bank, ICICI Bank, IOB and Axis Bank, are suing on GVK Coal Developers (Singapore) part of the GVK Group for $ ...

PM Modi to Indian banks: Focus on bigger role in global business.

07 Nov

PM Modi burdened upon the necessity for Indian banks to deal with taking part in a much bigger position in world’s commerce and provide chain, whereas ...

Rentals surge in metros on return to offices, schools.

07 Nov

Leases had nose-dived on account of Covid. However residential leases have begun reviving throughout metro cities as workers are returning to workplac ...

Home mortgage market to double in next five years: HDFC chairman.

07 Nov

Deepak Parekh, chairman of HDFC Ltd which is awaiting regulatory nod for the reverse merger with its banking subsidiary, expects the home mortgage mar ...

3-year high government bond yield points to sharper rate hike.

07 Nov

EMIs on residence and different loans may go up extra sharply over the subsequent few months. A powerful indication about this got here from the bond ...

India in talk to increase Russian oil imports from Rosneft.

07 Nov

India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC ...

EU talks may cover duty on wine, cars.

07 Nov

India is about to launch negotiations for a free commerce settlement (FTA) with the European Union on June 17, with obligation concessions on imported ...

Dhanlaxmi Bank filed complaint with police against persons circulating rumours about the bank’s financial condition.

06 Nov

Dhanlaxmi Bank has filed a complaint with the Thrissur, Chennai and Mumbai cyber police against persons circulating rumours about the bank’s financial ...

Mercedes to recall about 1 million older models worldwide.

06 Nov

Mercedes-Benz is recalling almost a million older cars around the world due to possible problems with the brake booster. Models of the ML, GL (BR 164) ...

RBI to hike rate again this week in ‘inevitable’ move.

06 Nov

Bankers expect the RBI to deliver its second-rate hike, which governor Shaktikanta Das described as a “no brainer”, in the forthcoming monetary policy ...

Car Companies said chip crisis easing as growth slows.

06 Nov

The global semiconductor shortage bogged down the auto industry for almost two years are showing signs of easing, at least for now. Mercedes-Benz, Dai ...

Diageo seeing blockchain techniques to check pilferage.

06 Nov

Spirits maker Diageo is turning to technology to check pilferage of liquor and counterfeits as it focusing on premiumization to drive growth. MD and C ...

BPCL setback: Govt to push asset sales.

06 Nov

The Centre is about to give a recent push to its privatization drive after going through a setback over the sale of state-run oil refiner BPCL and can ...

Service sector activities expanded fastest in last 11 years

04 Nov

Activity in the country’s crucial services sector expanded at its strongest rate in over 11 years in May on the back of sharp growth in new business a ...

IT firms said: India’s cyber rules will create environment of fear rather than trust.

04 Nov

Indian cyber security rules due to come into force later this month will create an "environment of fear rather than trust", a body representing top te ...

Equitas to seek universal bank license after merger

04 Nov

Equitas Small Finance Bank will seek a universal bank license as soon as its merger with its holding company is complete. However, even with a univers ...

Adani agreed to buy Essar’s power line business for Rs 1,913 cr.

04 Nov

Adani Group, India’s third-most valued conglomerate, has agreed to buy Essar Power’s transmission business in central India for Rs 1,913 crore. ...

SC Said: Insolvency proceedings to be dropped if 90% creditors vote for it

04 Nov

Holding that there needs to be minimal judicial interference by the Nationwide Firm Regulation Tribunal (NCLT) and its appellate tribunal NCLAT in ins ...

Piyush Goyal Said: Open Network for Digital Commerce (ONDC) will provide equal opportunities to small traders

04 Nov

Open Network for Digital Commerce (ONDC) will provide equal opportunities to small retailers to enjoy the benefits of digital world and permit them to ...

Govt to discuss IDBI sale plan with RBI

03 Nov

The government appears open to a consortium of bidders, possibly including corporate houses, taking over IDBI Bank through the privatisation process a ...

Kia will invest over Rs 2,000 crore in Indian market for electric cars.

03 Nov

Korean carmaker Kia has said that it will invest over Rs 2,000 crore in India for making electric cars and set up a battery manufacturing facility as ...

NHAI will raise ₹20000 crore from monetisation

03 Nov

The National Highways Authority of India (NHAI) has put out a list of 14 NH projects with a cumulative length of 1,750 km which will be monetised duri ...

Record trade deficit due to import surge in May

03 Nov

India’s trade deficit soared to record $23.3 billion in May as export growth slowed to 15-month low, while imports zoomed on high oil & commodity ...

WTO members still differ on plan for patent waiver.

03 Nov

With less than 10 days to go before ministers from WTO countries meet in Geneva, negotiators are yet to firm up proposals on the Trade-Related Aspects ...

Ultratech to invest Rs 13,000 crore in capacity expansion

03 Nov

After Adani Group’s $10.5 billion foray in the cement sector, Aditya Birla Group company Ultratech is investing Rs 12,886 crore for a 22.6 MTPA (Metri ...

Union Cabinet approved sale of 29.5% stake in Hind Zinc.

26 Nov

In a fresh push to disinvestment, the Union Cabinet approved the sale of the government’s residual stake of 29.5% in Hindustan Zinc (HZL) which may he ...

RBI banned 5 NBFCs in e-lender crackdown and harassment case.

26 Nov

In a significant crackdown on irregularities in digital lending, the RBI has cancelled the certificates of registration of 5 NBFCs. The RBI mentioned ...

Govt notified increase in third party motor insurance premium from 1st June.

26 Nov

The government has announced an increase in the third-party motor insurance premium for various categories from June 1. The revised rates are expected ...

Ambassador 2.0 to hit roads in 2 years.

26 Nov

Ambassador, once called the ‘Wheels of India’, may hit Indian roads again in two years — this time with a design makeover. A joint venture of Hind Mot ...

Centre slammed Opposition states for their attacks on GST.

26 Nov

Amid repeated attacks by the Opposition on GST, the Centre on Wednesday hit out at these states, saying the regime was implemented based on political ...

India to keep buying 'cheap' Russian oil, discount to be finalized.

26 Nov

India will continue to buy "cheap oil" from Russia but has not finalised terms of the discount, a senior government official familiar with the matter ...

Medley Pharma likely to be sold in deal worth Rs 5,000 crore.

25 Nov

Medley Pharma, the privately held Mumbai-based company, is on the block. Drug majors like Cipla, Dr Reddy’s, KKR-backed JB Chemicals, and Torrent, alo ...

Piyush Goyal asked Indian companies to raise local procurement to boost supply chains.

25 Nov

Commerce and industry minister Piyush Goyal exhorted Indian industry to step up local procurement wherever there is a scope so that domestic supply ch ...

Rice-loving southern family see rise in atta sales.

25 Nov

Changing habits amongst shoppers is usually a difficult job for entrepreneurs, particularly if they’re historically ingrained. For occasion, promoting ...

As Capital Flows Slow, Startups began Layoff.

25 Nov

Is the job market shifting from the `Nice Resignation’ section to a `Nice Layoff’ section? There are indicators of this within the startup world, alth ...

Amid coal crunch, NTPC targeted 86% rise in output from its own mines.

25 Nov

Amid a crushing coal crunch, India’s largest electricity producer NTPC is looking at ramping up Black Diamond production by 86% to 26 million tonnes ( ...

Future Group companies’ results set to get delayed.

25 Nov

Four listed firms of the Kishore Biyani-led Future Group expressed their inability to convene a board meeting before May 30 to approve their financial ...

Indian Sugar Mills Association said: India's sugar exports likely to increase by 25%.

19 Nov

India's 2021-22 sugar exports are expected to rise by 25%, according to estimate of industry body Indian Sugar Mills Association (ISMA). India is like ...

Maruti Suzuki will invest Rs 18,000 crore in Sonipat plant to roll out 10 lakh units per annum in 8 years.

19 Nov

Maruti Suzuki India (MSI) on Thursday said that its new manufacturing facility in Haryana would reach peak production capacity of 10 lakh unit ...

Bajaj Allianz Life Insurance declared bonus worth Rs 1,070 crore in FY22

19 Nov

Bajaj Allianz Life Insurance on Thursday said it has declared a bonus of Rs 1,070 crore for its policyholders in the fiscal ended March 2022. The comp ...

Economists expected that RBI will increase rates in next meeting.

19 Nov

The RBI is expected to aggressively tighten policy in the next meeting after minutes of its off-cycle policy review earlier this month revealed that r ...

SC ordered for constitution of special court for cheque bounce cases.

19 Nov

The SC on Thursday directed for the constitution of special courts with a retired judge in five states for expeditious disposal of cheque bounce cases ...

Delhi HC set aside Delhi government doorstep ration delivery.

19 Nov

The Delhi HC on Thursday set aside the AAP-led Delhi government’s doorstep delivery of ration scheme i.e. Mukhymantri Ghar Ghar Ration Yojna, stating ...

Domestic fuel prices won't rise as much as international rates: Oil ministry official

18 Nov

Domestic fuel prices will not rise in tandem with international prices as consumers need to be protected, an oil ministry official said, defending ...

IOCL Q4 net profit fell 31%, board recommended 1:2 bonus issue

18 Nov

IOCL reported 31.4 per cent decline in net profit at Rs 6,022 crore for the quarter ended 31 March, 2022. The govt. owned company had reported a n ...

Musk said twitter deal can’t move forward without clarity on fake accounts.

18 Nov

Tesla CEO Elon Musk said his deal to buy Twitter can't move forward unless the company show public proof that less than 5 per cent of the accounts are ...

Pakistan's SC said defecting lawmaker’s votes will not be counted.

18 Nov

In a landmark judgement, Pak SC ruled that the votes of dissident members of the Parliament, cast against their parliamentary party’s directiv ...

Sri Lanka parliament blocked move to condemn president.

18 Nov

Sri Lanka's parliament on Tuesday voted against fast-tracking an opposition move to condemn President Gotabaya Rajapaksa, as the prime ministe ...

With just one bidder left, BPCL divestment scrapped.

18 Nov

The government has scrapped the BPCL divestment process as there was just one bidder left in the fray after the two others dropped out due to ...

US Federal Reserve too slow on inflation and now faces stagflation, says former chief.

17 Nov

Former Federal Reserve chairman said the current Fed leaders were too slow to react to surging inflation in the United States and as a result face a p ...

Suppliers prefer short term rate contracts as prices increase

17 Nov

Suppliers are staying away from long-term contracts as inflation percolates through the economy. Organisations ranging from paper cup makers and dairy ...

Whistleblower plaint has no merit: Aditya Birla Capital.

17 Nov

Aditya Birla Capital on Monday said that it had received a whistleblower complaint in respect of its mutual fund arm and its employees. The company sa ...

Paytm’s deal to buy non-life insurance company falls through.

17 Nov

Paytm’s plan to get into the non-life insurance industry has received a setback with its deal to acquire Raheja QBE General Insurance falling through. ...

Adani group liable for fines slapped on Ambuja Cements and ACC for 'cartelization'.

17 Nov

Adani group is liable for anti-trust fines against Ambuja Cements and ACC in India which are being litigated in the top court, after acquisition o ...

Govt will not go ahead with Pawan Hans selloff for now.

17 Nov

CG will not proceed with the privatisation of Pawan Hans Helicopters Ltd (PHHL) for now as the financial arm of the winning consortium — Almas Global ...

Railways set to miss asset monetisation target again

16 Nov

For the second straight yr, Railways is ready to fall approach in need of the asset monetisation goal because of the reluctance of the state-run trans ...

SBI hikes MCLR, old home loans to get costlier

16 Nov

Old home loans and some business loans have got costlier with SBI increasing its marginal cost of lending rate (MCLR) by 10 basis points (100bps = 1 p ...

Some states feel the pinch of inflation more

16 Nov

At least four states recorded 9% inflation in April with West Bengal and Madhya Pradesh topping the charts as price pressures scorched household budge ...

Compliance for foreign reinsurance units eased

16 Nov

The insurance regulator has rationalized compliance standards for branches of foreign reinsurance companies, including Lloyds, operating in India. The ...

Crypto can lead to dollarisation of economy: RBI

16 Nov

Top officials of the Reserve bank of India (RBI) have told a parliamentary panel that cryptocurrency might lead to the "dollarization" of a part of th ...

Ril Eyes Manufacturers To Construct Its $6.5bn Shopper Items Biz

16 Nov

The nation’s largest retailer Reliance will purchase dozens of small grocery and non-food manufacturers because it targets constructing its personal $ ...

Pharma Sale dip 9% in April, 1st drop in 2 years

14 Nov

For the primary time in almost two years, the home pharma retail market dipped into adverse territory in April with a 9% decline, indicating a slowdow ...

CBDT guidelines for compulsory selection of ITRs for complete scrutiny

14 Nov

The Central Board of Direct Taxes (CBDT) has issued its annual guidelines for compulsory selection of income tax (I-T) returns for the purpose of comp ...

Offices Not To Issue Reassessment Notices To Small Taxpayers, Instructs CBDT

14 Nov

The Central Board of Direct Taxes (CBDT) has issued exhaustive instructions to its income tax (I-T) cadre on reopening of cases to implement the recen ...

Export rise 31% in April, but trade deficit widens

14 Nov

Merchandise exports hit $40.2 billion in April, which is a record for the first month of any fiscal, having jumped 30.7% from a year before. However, ...

Tesla puts India entry on hold due to high import tax

14 Nov

It was quite an eventful day for Elon Musk. After putting the Twitter deal on hold temporarily, the Tesla CEO has shelved its plans to sell electric c ...

Bank chiefs do not see rate hikes hurting credit demand

14 Nov

Bankers do not see the surge in inflation and interest rates hurting credit growth during the current fiscal year. Most banks expect credit in FY23 to ...

Rupee slides to lifetime low of 77.63, $ at 2 decade high

13 Nov

Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday, following risk-off ...

Rising inflation in india a crucial challenge for policymakers

13 Nov

India’s core inflation (minus food and fuel) surged to 7.4% during April, indicating the relentless price pressures outside food and fuel segments. Ha ...

Inflation to remain elevated in Financial Year 2022-23: Finance Ministry

13 Nov

While inflation is expected to be elevated in 2022-23, mitigating action taken by the government and RBI may reduce its duration, the finance ministry ...

Cryptos crash as stablecoin Terra loses its dollar peg

13 Nov

The global selloff in most markets has affected cryptocurrency trades as well. Given the risks associated with this relatively new asset class, the im ...

Ford Cancels EV Production Plans in India

13 Nov

Ford has withdrawn its application from the Centre’s production-linked incentive (PLI) scheme. The American carmaker was in the first tranche of manuf ...

No Pressure from RBI for not using UPI for Crypto Apps

13 Nov

The RBI has not targeted crypto exchanges contrary to claims by Coinbase CEO Brian Armstrong, sources said. While there is no bar against using Unifie ...

BharatPe to claw back shares from Ex- MD Grover.

11 Nov

Fintech firm BharatPe said on Tuesday it would claw back restricted shares of a ‘former founder’ as per the company's shareholder agreement. In a stat ...

Power crisis forces states to pay dues.

11 Nov

The facility disaster has come to assistance from impartial producers who had been discovering it troublesome to get better electrical energy dues fro ...

Airbus to recruit 500 engineers in India this year.

11 Nov

Airbus’s engineers in India are taking part in an important function in constructing what would be the world’s first zero-emission industrial plane, k ...

Visiting wellness resort? Don't expect GST relief

11 Nov

At the crack of daybreak, you’ll invariably discover company at any naturopathy resort performing ‘pranayama’ (deep respiratory) on lush lawns. Typica ...

USFDA Finds lapses at Sun Pharma's Gujarat plant

11 Nov

Sun Pharma today said the US health regulator has issued a 'Form 483' with ten observations after inspecting its Halol-based manufacturing plant in Gu ...

Equity MF's get Rs. 15900 crores in April, up 5x despite volatility

11 Nov

Regardless of substantial market volatility in April, mutual fund traders put cash into fairness schemes and likewise continued to take a positi ...

Court vacancies not due to govt. inaction alone - Rijiju

10 Nov

On the day the Supreme Court regained its full strength of 34 judges with the swearing-in of two new judges, cleared by the government within 48 hours ...

Supreme Court paves way for mass bail to 1,500.

10 Nov

Observing that it is the poor and the underprivileged who have to languish in jail because they are denied bail while the rich and high profile are no ...

China wants India to treat Chinese companies fairly

10 Nov

Chinese smartphone maker Xiaomi has been under the scanner of Indian authorities for some time now. The company’s global vice president Manu Kumar Jai ...

30% tax on Crypto Income likely to discourage investors

10 Nov

The recent proposal of the Government to impose flat 30% tax on income from crypto and other virtual digital assets has dampened moods of investors. S ...

Inflation hits 'Spirits' companies' margins

10 Nov

Surging input costs and the war in Ukraine causing disruption in supply chains have shrunk margins of spirits makers in India, pushing them to seek a ...

RBI not expected to use reserves to shore up Rupee

10 Nov

The Fed rate hike last week resulted in the Dollar Index, which tracks the greenback's performance against a basket of currencies, hitting a 20-ye ...

5G spectrum auction likely in early June: Ashwini Vaishnav

29 Nov

The government is likely to hold 5G spectrum auction in early June, telecom minister Ashwini Vaishnav said on Thursday.The minister said that the Depa ...

Vedanta posts Rs 7,570cr profit in Quarter 4

29 Nov

The company had posted a profit after tax of Rs 5,105 crore in the year-ago period, Vedanta said in a statement.

The exceptional items at Rs 33 ...

Axis Bank Quarter 4 Results: Profit rises 54% Year on Year to Rs 4,118 crores

29 Nov

Axis Bank on Thursday reported a 54 per cent year-on-year (YoY) rise in net profit at Rs 4,118 crore compared with Rs 2,677 crore in the same quarter ...

ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs

29 Nov

ICICI Bank said on Thursday it has launched a digital service for Micro, Small and Medium Enterprises (MSMEs) that customers of other banks can use as ...

ONDC pilots start today, want small businesses on board

29 Nov

Open Network Digital Commerce (ONDC), a UPI-type protocol to counter the impact of e-commerce players like Amazon and Flipkart, is set to start a pilo ...

Twitter admits overstating audience figures for 3 years.

29 Nov

Twitter admitted to overstating its audience figures by almost 2mn users for about three years, as it reported its first quarterly results since the s ...

India's "Future Retail" Stares at Bankruptcy as Lenders Reject $3.4 Billion Asset Sale to Reliance

23 Nov

Secured lenders of India's Future Retail on Friday rejected a $3.4 billion sale of its retail assets, in a blow to the company whi ...

Benefits of the merger were not sufficiently communicated: HDFC's Mistry

23 Nov

The HDFC-HDFC Bank merger will not impact margins as it would bring down the overall cost of funds. According to Keki Mistry, vice-chairman and CEO, H ...

Startups must have profitable model: Arora

23 Nov

Startups in India are growing in scale and size, but are increasingly addressing the needs of global markets, said Nikesh Arora, CEO, and chairman at ...

Adani to pay Rs 1,530 crore to buy India's largest marine services company.

23 Nov

Ports tycoon Gautam Adani is set to acquire the country’s largest marine services company Ocean Sparkle for Rs 1,530 crore. He will purchase Ocean Spa ...

It is necessary to have a more nuanced monetary policy: RBI Governer

23 Nov

RBI chairman Shaktikanta Das stated the central bank's monetary policy committee (MPC) must constantly re-assess the situation and modify responses ac ...

Goverment to allow prices of essential drugs to go up over 10% from April

26 Nov

Already reeling from the rise in prices, consumers will now also have to factor into their household budgets higher medicine prices. Essential medicin ...

Finance Minister says war has forced fuel price hikes

26 Nov

Amid criticism over hikes in prices of petrol and diesel in recent days, finance minister Nirmala Sitharaman on Friday argued that it was the war in U ...

Forex reserves dip by $2.6bn to $619.6bn

26 Nov

RBI’s foreign exchange reserves dipped for the second week as the central bank sold dollars to manage the volatility in the forex market arising out o ...

RBI says E-payment acceptance points to be geo-tagged

26 Nov

The RBI has asked banks and payment system operators to geo-tag all the digital payment acceptance points, bank branches and ATMs and share the same w ...

RBI board assesses hit to economy from Ukraine war

26 Nov

The Reserve Bank of India’s central board on Friday discussed the impact of the geopolitical crisis arising out of the Russia-Ukraine war and its impa ...

Wavemaker shines at Ad Club’s EMVIEs Award

26 Nov

It was a double celebration for Wavemaker, which walked away with ‘The Media Agency of the year’ and the ‘Grand EMVIE’ for the ‘Not Just a Cadbury’ ad ...

Largest shareholder Invesco not to seek ZEE MD’s expunction

25 Nov

Invesco, the largest shareholder in Zee Entertainment Enterprises, has decided to withdraw its request for a shareholders meeting to remove company MD ...

Share of stocks in total savings at record high

25 Nov

Indians are investing in stocks like never before. The share of stocks in total savings by Indians is now at an all-time high of 4.8%, up from 4.3% in ...

4 Companies qualify for battery storage PLI scheme

25 Nov

Four companies —Rajesh Exports, Hyundai Global Motors Company, Ola Electric Mobility and Reliance New Energy — were selected for receiving benefits un ...

Govt e-Marketplace sees FY22 turnover top Rs 1 lakh crore

25 Nov

The procurement via Government eMarketplace (GeM), the Amazon-like platform created by the Centre for government purchases, has seen a massive ramp-up ...

Finance Bill amendments give clarity on health, education cess

25 Nov

With the government proposing amendments to the Finance Bill, tax experts said that there is an important clarification regarding the government’s dec ...

Smartphone exports rise 83% despite chip crunch

25 Nov

The country’s total smartphone exports are set to be upwards of Rs 42,000 crore ($5. 6 billion) in the just ending fiscal, a growth of nearly 83% agai ...

Petrol, diesel price hike seen stoking inflationary pressure

23 Nov

The upward revision in prices of petrol and diesel after a gap of over four-and a-half months is likely to put fresh pressure on prices and strain hou ...

Zomato faces heat over 10-minute delivery

23 Nov

Food-delivery major Zomato on Tuesday bore the brunt of a severe consumer backlash after it rolled out Zomato Instant, a 10-minute delivery plan, to c ...

US firm sues Pune company for $950 million over ‘stealing’ vaccine

23 Nov

US biopharmaceutical company HDT Bio Corp has filed a $950-million suit against Pune-based Emcure in a Washington federal court, accusing the Indian c ...

CBIC issues scrutiny norms related to GST

23 Nov

The Central Board of Indirect Taxes & Customs (CBIC) on Tuesday issued scrutiny guidelines for GST, for the first two years of the new indirect ta ...

Hotel occupancy tops pre-Covid levels, tariffs yet to recover: Taj

23 Nov

Hotel occupancy in India has now overtaken pre-Covid levels. While tariffs in leisure destinations had already crossed that mark some months back, bus ...

Chennai & Bengaluru to top engineering, telcom, healthcare jobs

23 Nov

Chennai and Bengaluru will be among the top hiring destinations between 2022-2026 as India’s engineering, telecom and healthcare industries add 12 mil ...

RBI governor pledges liquidity, rules out stagflation fears

22 Nov

RBI governor Shaktikanta Das on Monday said that the central bank would continue to provide enough liquidity to support growth, adding that it has ref ...

Commerce IQ raises $115 million, is now a unicorn

22 Nov

CommerceIQ, the retail online commerce management platform, has raised $115 million led by SoftBank Vision Fund 2 that values the firm at over $1 bill ...

Companies reduce sanitiser manufacturing as demand drops

22 Nov

Most companies have either exited or slashed production of hand sanitisers to nearly nil in the wake of tepid demand after the Covid second wave last ...

FM Sitharaman says EPFO has taken call to give 8.1% interest

22 Nov

On the EPF interest rate, FM Nirmala Sitharaman said, “There are today’s realities which do keep us in the context of decisions, which are being taken ...

RBI diversifying reserves from dollar

22 Nov

RBI governor Shaktikanta Das said on Monday that the central bank started diversifying its reserves out of dollars six months ago. At the same time, h ...

Crypto startups offer SIP option to battle extreme price volatility

22 Nov

Mutual fund systematic investment plans (SIPs) have enabled wealth-creation for many Indians. Now cryptocurrency startups are offering similar product ...

Sintex lenders approve RIL’s Rs 3,650 crore bid for textile company

21 Nov

Lenders to the debt-ridden Sintex Industries have approved Reliance Industries’ over Rs 3,650 crore bid for the Gujarat-based company. RIL, which has ...

Overseas employed executives want to work in India

21 Nov

‘It’s better at home’ seems to be the mantra of a number of Indian nationals working overseas.Uncertainties triggered by the pandemic, family proximit ...

Unicorn company 'Infra.Market' under Income Tax scanner for alleged evasion

21 Nov

Infra.Market, an online platform for construction materials, is under the scanner of the tax department for alleged evasion.While the authorities did ...

Accenture increases FY22 revenue growth figures

21 Nov

Accenture’s stellar performance continued into its second quarter ended February, and encouraged it to raise its revenue growth guidance for the year ...

Fintechs’ prepaid card bots abuse e-payments

21 Nov

Bulk issuance of prepaid payment instruments by banks to retailers is being misused to generate transactions, which are helping some fintech companies ...

Banks must monitor companies with fossil fuel links: RBI

21 Nov

The RBI has said that lenders need to be watchful of industries that are subject to green transition risks as countries across the world move towards ...

US Federal Reserve hikes interest rates for first time since 2018

17 Nov

The US Federal Reserve raised interest rates by a quarter percentage point and signalled six more such hikes this year, launching a campaign to tackle ...

Future Retail says that they will act to reverse store takeovers by Reliance

17 Nov

Future Retail said on Wednesday it was committed to taking back its stores which were seized by rival Reliance, saying it had been surprised by the mo ...

Amazon requests SC to stop Reliance takeover of Future Retail Stores

17 Nov

Outmaneuvered by the swift backdoor takeover of Future's retail shops by Reliance, multinational Amazon on Wednesday pleaded with the Supreme Court to ...

IOC buys Russian crude at deep discount

17 Nov

Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discoun ...

Fewer EMI bounces point to drop in loan defaults

17 Nov

Debit bounce rates on bank accounts hit their lowest level since May 2019, indicating an improvement in the asset quality of banks.Debit bounce rates ...

Adani added most wealth in 2021, at $49 Billion

17 Nov

Out of every 100 billionaires in the world, seven are either Indian or of Indian origin.The latest Hurun rich list showed that of the 3,381 billionair ...

India close to clinching oil deal with Russia

16 Nov

India is close to clinching a deal with Russia for buying 3.5 million barrels of its crude at “deep discounts”, people aware of the development told T ...

3-way Future Retail talks fail, Amazon wants international arbitration resumed

16 Nov

US multinational Amazon on Tuesday informed the Supreme Court about the failure of its talks with the Biyani Group and Reliance for settlement of disp ...

Need for sharp fuel price hike dims as oil slips below $100

16 Nov

The government's policy to sit out the surge in oil prices seems to be paying off. Crude tumbled below $100 per barrel on Tuesday, easing the need to ...

Paytm falls by 24% in 2 days on RBI curbs, director exit

16 Nov

A barrage of negative news that included regulatory restrictions on an arm's business expansion and resignation of a director, have hit the stock pric ...

PNB classifies 2,060 crore loan to IL&FS Tamil Nadu company as fraud

16 Nov

Punjab National Bank on Tuesday classified its Rs 2,060 crore loan exposure to IL&FS Tamil Nadu Power Co as fraud. The bank said that it has m ...

Lenders to move court to secure Future Retail Assets

16 Nov

Lenders to Future Retail (FRL) are taking legal action to ensure that assets of the troubled company are secured. This follows FRL's notice to the sto ...

Retail inflation at 8-month high, double-digit WPI for February

15 Nov

Retail inflation inched up marginally to an eight-month high in February on the back of rising food & beverage, clothing & footwear prices, wh ...

Consumers feel the pinch of inflation, cut shopping

15 Nov

Inflation has forced FMCG (fast-moving consumer goods) manufacturers to pass on costs to Indian shoppers. This has impacted purchases, with a drop vis ...

Chandrasekaran is Air India chief, HUL's Mehta independent director

15 Nov

Tata Sons chief N Chandrasekaran has taken charge as the chairman of Air India, the carrier it acquired from the government in January.Hindustan Unile ...

Govt seeks nod for net higher spend of Rs 1.1 lakh crore on PM Awas Yojana

15 Nov

The government on Monday sought Parliamentary nod for additional spending of a little under Rs 1. 6 lakh crore during the current financial year, invo ...

RBI removes ceiling on intt. rates and hikes the cap on family income for microfinance industry

15 Nov

The RBI on Monday revamped its norms for microfinance, making them uniform across lenders, removing the ceiling on interest rates and hiking the cap o ...

RIL to buy assets of Dutch battery co Lithium Werks

15 Nov

Reliance Industries (RIL) has agreed to buy the assets of Netherlands-based Lithium Werks for $61 million (Rs 466 crore), marking its fifth M&A in ...

Not just crude, fertiliser & metal prices a concern too

14 Nov

The government may not let oil companies rush in with an increase in petrol and diesel prices to help with the under-recoveries. Although oil remains ...

Vedanta, Adani, others compete with for Srei’s 2 NBFCs

14 Nov

A London-based private equity firm, along with Vedanta, Adani Group and Makara Capital of Singapore, are believed to be in the fray to acquire two Sre ...

LIC IPO: Govt wants markets to stabilise before final call

14 Nov

The Centre is waiting for the stock market, which has become volatile in the wake of the Russian invasion of Ukraine, to stabilise before going ahead ...

Adani, KKR among 14 leading bidders for debt-laden Reliance Capital

14 Nov

Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among the 14 prominent firms that have expressed interest to acquire debt-ridden Relian ...

'Foreign' private banks need govt nod to back debt restructure firm

14 Nov

The private sector India Debt Resolution Co (IDRCL), which will help the public sector bad bank resolve non-performing assets (NPAs), will take some m ...

Patent settlement deal gives Indian companies share in cancer drug's $8 billion US sales

14 Nov

A blockbuster cancer drug in the US with annual sales of over $8 billion may just become a win-win for all stakeholders - the innovator, domestic gene ...

RBI bars Paytm’s bank from enrolling fresh customers

12 Nov

The Reserve Bank of India (RBI) on Friday said that it has banned Paytm Payments Bank (PPB) from onboarding new customers based on certain ‘material s ...

India and Canada agree to relaunch trade talks, seek 'early progress' agreement

12 Nov

International Trade Minister Mary Ng says Canada and India have agreed to resume long-standing efforts toward a comprehensive trade deal.Following mee ...

Dy governor Michael Patra said "India’s growth story as weak as it was in 2013"

12 Nov

Hinting at the need for the Reserve Bank of India (RBI) to be growth-supportive in its policy, deputy governor Michael Patra said that India’s growth ...

Industrial growth sluggish at 1.3%

12 Nov

The country’s industrial output growth improved marginally in January but remained muted due to sluggish manufacturing & electricity sectors and c ...

Govt. to file final papers for LIC IPO with SEBI soon

12 Nov

The government is planning to soon file the final papers for LIC IPO with market regulator SEBI, which will provide details about the price band, disc ...

India Good At Managing Finances, But Global Energy Price Rise Will Hurt It: IMF MD

12 Nov

India has been very good at managing its finances but the surge in global energy prices after Russia's military operations in Ukraine is going to have ...

Sebi raids market manipulators across 4 states

11 Nov

Sebi on Thursday conducted raids at several cities in India and seized mobile phones, laptops, desktops, etc, which were being used to manipulate stoc ...

Russian banks woo exporters for rupee-rouble payment option

11 Nov

Russian banks have approached exporters with a plan for a rupee-rouble payment mechanism under which the Russian currency will be converted into India ...

India may grow at 7.8% in FY23 with risk tilted towards downside

11 Nov

Indian economy is expected to grow by 7.8 per cent in 2022-23, mainly driven by the government's drive to push infrastructure spending and likely incr ...

National Payments Corporation of India ask banks to activate UPI with Aadhaar-OTP

11 Nov

Banks will have to offer account holders an option to activate the Unified Payments Interface (UPI) service using the Aadhaar and OTP instead of debit ...

NGT seeks reply on deaths of 50 crocodiles in Kota

11 Nov

Taking cognisance of The Times of India report, ‘50 crocodiles killed at Kota’s Kala Talab in a month’, published on March 5, the Delhi bench of the N ...

Railways, freight corridor company setting up real-time network to avert accidents

11 Nov

The railways ministry and Dedicated Freight Corridor Corporation of India Limited (DFCCIL) are establishing real-time communication systems to minimis ...

Equity MFs not hit by market volatility

10 Nov

The market’s recent slide may have succeeded in reducing the total assets of the mutual fund (MF) industry by almost Rs 45,000 crore to Rs 37.6 lakh c ...

US President Joe Biden orders work to begin on future 'digital dollar'

10 Nov

President Joe Biden on Wednesday ordered government agencies to begin work on creating a digital US dollar, weighing the risks and benefits of a move ...

Cabinet nod for new firm to monetise land assets

10 Nov

The Union Cabinet on Wednesday approved the setting up of a new government-owned firm for pooling and monetising sovereign and public sector land asse ...

Govt mulls Russia’s cheaper crude offer

10 Nov

The government is considering if it should accept Russia’s offer for crude supply at a discounted rate. While the offer seems attractive at the time o ...

Ukraine crisis may shift some IT work to India

10 Nov

The exit of tech companies like Accenture and IBM from Russia and disruptions in the operations of tech delivery centres in Ukraine is likely to diver ...

BMW recalls over one million cars over engine fire risk in US

10 Nov

German luxury car brand BMW on Wednesday has announced a recall of more than one million cars over an engine fire risk. The automaker has said that th ...

Tax-saving plan must be for full year

28 Nov

With just a month left for the current financial year to end, taxpayers are again rushing to invest in popular tax-saving options. These include equit ...

Ashneer Grover loses arbitration against governance review

28 Nov

BharatPe co-founder and managing director Ashneer Grover has lost an arbitration that he had filed against the company's investigation against him, wi ...

Debenture holders’ consent is needed for M&As: Sebi

28 Nov

The Securities and Exchange Board of India (Sebi) has made it mandatory for companies to get the approval of debenture holders before getting any sche ...

Govt. may take up surety bond woes

28 Nov

The government is likely to address concerns of the insurance industry and align surety bond issuers’ rights in line with other creditors under the in ...

HP starts local manufacturing of laptops and other devices

28 Nov

In a big boost to the government's 'Make in India' policy and production-linked incentive (PLI) scheme for electronics, US computer giant HP has start ...

Centre to infuse ₹15,000 cr. into PSBs in march

28 Nov

The government is likely to infuse ₹15,000 crore into state-run banks in the second half of March to help the lenders meet tighter capital-reserve req ...

Inflation may rise as supply chains get disrupted by Russia-Ukraine war

25 Nov

The Russia-Ukraine conflict is likely to accelerate price pressures in the country as supply chains are getting disrupted and prices of crude oil, met ...

Exporters keep close watch on freight rates

25 Nov

With sanctions hitting Russia, exporters are being cautious with their supplies as they keep close tabs on freight rates, which may see a further spik ...

Surge in crude oil prices would need RBI to act: Monetary Policy Committee

25 Nov

The RBI’s monetary policy committee members had considered the action to be taken in case the situation in Europe leads to an increase in oil prices. ...

Ukraine conflict: Sunflower oil supply may be hit, wheat exporters to gain

25 Nov

The Ukraine conflict is expected to hit supply of sunflower oil in the domestic market, pushing up prices, but may create an opportunity for Indian wh ...

Stock sale in recently listed tech companies intensifies

25 Nov

The stock prices of several newly listed, tech enabled companies recorded new lifetime low levels or closed near that mark as the leading indices cras ...

Import restrictions on TV displays and smartphones camera reversed

25 Nov

In a big relief to the manufacturers of mobile phones and televisions, the government has reversed a decision to bring the import of displays and came ...

Vodafone may sell stake in tower company to support struggling Vodafone Idea

24 Nov

Looking to raise resources to fund the revival of beleaguered Vodafone Idea (Vi), British telecom giant Vodafone on Wednesday said it plans to sell ar ...

Tatas may review Air India CEO choice if govt approval is delayed

24 Nov

Tata Sons will evaluate new leadership for Air India, including the appointment of a COO, as uncertainty looms over the security clearance for CEO-app ...

Suzuki, Toyota in talks to make electric cars in Gujarat

24 Nov

The Gujarat plant of Japanese carmaker Suzuki Motor could be used to manufacture electric cars for both Maruti and Toyota, a top Maruti Suzuki officia ...

Ikea names first woman CEO for its India operations

24 Nov

Swedish furniture retailer Ikea (part of Ingka Group), on Wednesday announced the appointment of Susanne Pulverer as its new and first woman CEO and C ...

Swiggy set to start drone-led deliveries for B2B

24 Nov

Swiggy, which is in the process of making the transition from a food-ordering and delivery company to a digital convenience platform, is set to take i ...

NCLAT must decide on Amazon appeal fast: Supreme Court

24 Nov

The Supreme Court on Wednesday said an early verdict from NCLAT on Amazon’s challenge to a CCI order suspending approval of the multinational’s Rs 1,4 ...

Ukraine, crude price surge seen as risks to financial stability

23 Nov

The Financial Stability Development Council (FSDC) headed by finance minister Nirmala Sitharaman discussed the possible impact of the situation ...

FM to banks: Join account aggregator network

23 Nov

Finance minister Nirmala Sitharaman urged chiefs of banks and non-banking finance companies (NBFCs) to join the account aggregator framework to extend ...

Hasura raises $100 Mn in Series C to enter unicorn club

23 Nov

GraphQL developer platform Hasura has secured $100 million in a round led by Greenoaks with participation from existing investors Nexus Venture Partne ...

NSE case: Hunt for final beneficiaries begins

23 Nov

Government agencies would attempt to unravel the ultimate beneficial ownerships (UBOs) of favoured brokerages and their big clients to trace the men w ...

Deutsche moves to block Arcelor Mittal's takeover of Uttam Galva

23 Nov

Deutsche Bank has moved the National Company Law Tribunal (NCLT) to block ArcelorMittal‘s ₹4,000-crore takeover of Uttam Galva Steels beneath the Inso ...

Experts flag lack of laws on govt use of citizen data

23 Nov

Legal and privacy experts told ET that the government’s plan to compulsorily require all government agencies to share data on a common database raises ...

LIC to list in March, eye on geopolitical impact on markets

22 Nov

Life Insurance Corporation (LIC) of India will seek a listing in March even as it is keeping a watch on the geopolitical situation in Ukraine and its ...

RBI to enter into sell-buy swaps worth $5 billion in March

22 Nov

The Reserve Bank of India (RBI) on Monday said it would sell US dollars worth $5 billion to banks and after two years buy back the same from them. Cal ...

‘Banks must be more friendly to customers’

22 Nov

during her post-Budget interaction with business persons in Mumbai for a ‘bland’ response to a query on hassle-free loans. Not satisfied with Khara’s ...

Show probe details to the company before taking action: SC tells Sebi

22 Nov

The Supreme Court has ordered markets regulator Sebi to disclose the details of its investigation report to the company or its directors prior to taki ...

SC to hear SP Group’s plea for reopening Tata-Mistry judgment

22 Nov

The Supreme Court on Monday agreed to accord open court hearing to Cyrus Investments’ plea seeking review of its nearly a year-old decision in favour ...

India’s auto, pharma, engineering exports to UAE set to grow through trade pact: Govt

22 Nov

The government on Monday said that India’s automobile exports to the United Arab Emirates are projected to increase $160 million in the next five year ...

Statutory auditors may not get large companies’ non-audit operations

21 Nov

The government is looking to ban statutory auditors from taking up non-audit work on “public interest” companies — which means those that are listed o ...

Companies delay IPO plans to avoid LIC clash

21 Nov

A chemicals company, which had received markets regulator Sebi’s approval to float an initial public offering (IPO), is going slow with its equity-rai ...

Insurtech company Coverfox turns around, eyes 3x biz in FY23

21 Nov

Online insurance distributor Coverfox, which is now controlled by private equity investors led by Avaana Capital after the exit of its founders, has r ...

Delhi stadium added to asset monetisation list

21 Nov

The government will soon appoint a transaction adviser for the asset monetisation of the capital’s Jawaharlal Nehru (JLN) Stadium and the Indira Gandh ...

SC expunges SAT’s harsh order on Irdai ex-member

21 Nov

In a relief to the Insurance Regulatory and Development Authority of India (Irdai) and its former member P J Joseph, the Supreme Court has said that c ...

3 Gujarat highway stretches may be lined up for sale

21 Nov

The government may look to add three highway stretches from Gujarat to the asset monetisation pipeline after they were handed back to the National Hig ...

I-T dept launches search operations at premises of ex-NSE MD Chitra Ramakrishna

18 Nov

The Income Tax department on Thursday began search operations at the premises of former NSE MD and CEO Chitra Ramakrishna and the former group chief o ...

For millennials, leisure more vital than work

18 Nov

The importance of work relative to leisure is declining across generations. The richer a country gets, the more its citizens report that life outside ...

Multilateral bodies need to provide more funds, says FM

18 Nov

Finance minister Nirmala Sitharaman on Thursday exhorted multilateral financial institutions to step up funding to low and middle-income countries to ...

Final call in Munjal family row by arbitration panel: Delhi HC

18 Nov

The Munjal family feud between Pawan Munjal of Hero MotoCorp and his nephew, Hero Electric’s Naveen Munjal, over the former’s use of ‘Hero’ brand for ...

Metro AG's Indian wholesale business: High price turns off investors

18 Nov

The high valuation being quoted for German retailer Metro AG’s Indian wholesale business, which is under review, has turned off several potential stra ...

Prepaid payment instruments (PPIs) or E-wallets will be inter-operable within 6 weeks

18 Nov

Issuers of prepaid payment instruments (PPIs) will need to get their systems ready for interoperability in six weeks. The reason: The Reserve Bank of ...

Unified logistics platform to cut cost, boost ease of business

17 Nov

The Centre will soon roll out the Unified Logistics Interface Platform (ULIP) to drastically reduce logistics costs and make Indian goods competitive, ...

Board, management overhauled in last 6 years, says NSE

17 Nov

The National Stock Exchange (NSE) said late on Wednesday that the matter relating to the conduct of its former managing director (MD) Chitra Ramakrish ...

Government expects no misuse of UAE FTA by 3rd countries

17 Nov

The government does not expect the free trade agreement (FTA) with UAE, scheduled to be signed on Friday, to be misused by third countries, given that ...

IDBI Bank restructures operations in line with private lenders

17 Nov

IDBI Bank, which was categorised as a private sector lender in January 2019, has restructured most of its operations and brought them in line with non ...

India economy to grow at quickest pace among large nations: Finmin report

17 Nov

The Indian economy is poised to grow at the quickest pace among the league of large nations on the back of various initiatives taken by the government ...

Interest rates are unlikely to go any lower, signals RBI

17 Nov

The Reserve Bank of India (RBI) on Wednesday indicated that interest rates have bottomed out and yields are inching up in debt instruments as well as ...

SC: Interest of homebuyers gets priority over banks'

15 Nov

Putting the interest of homebuyers above that of banks when a real estate company defaults in repaying bank loans and handing over possession, the Sup ...

Retail inflation at 7-month high, double-digit WPI for 10th month

15 Nov

Retail inflation accelerated above the 6% mark to a seven-month high in January on the back of higher food and beverages prices, while wholesale price ...

Vedanta will form a Joint Venture with Foxconn for chip plant

15 Nov

Taiwan’s Foxconn and Anil Agarwal’s Vedanta will form a joint venture (JV) to manufacture semiconductors in India, a move that could help ease the glo ...

Jio invests $200 million in lock screen firm Glance

15 Nov

Reliance’s Jio Platforms is investing $200 million in InMobi’s lock screen unicorn Glance, taking the latter’s total fundraise so far to $390 million. ...

RBI repeats its call to ban crypto

15 Nov

Making a strong case for an outright ban on cryptocurrencies, the RBI on Tuesday said that they can neither be treated as currency, asset nor commodit ...

Bombay High Court sets aside notice to reopen Tata Sons assessment for 2003-04

15 Nov

The Bombay High Court has set aside a revenue department notice issued to Tata Sons Ltd back in 2010 to reopen its income-tax assessment for 2003-04, ...

New shareholders’ fund boosted PSU’s embedded value nearly 5x

14 Nov

LIC’s embedded value (EV) jumped to nearly Rs 5.4 lakh crore in September 2021. This was more than five times higher from the Rs 95,605-crore EV clock ...

LIC will double shareholders’ take in surplus to 10% in 3 yrs

14 Nov

Life Insurance Corporation (LIC) has warned that the reduction in the share of the surplus to policyholders by way of bonus could make its products le ...

RBI cuts reverse repo’s relevance by new route

14 Nov

In a quiet move, the Reserve Bank of India (RBI) has managed to reduce the relevance of the reverse repo rate. Reverse repo is the rate at which the R ...

First Covid oral pill sees sales of just Rs 46 crore in January

14 Nov

Molnupiravir, the first oral antiviral for treatment of mild to moderate Covid approved by the US Food and Drug Administration (FDA), seems to have bo ...

GIC invests $170mn in TPG-backed health firm

14 Nov

Singapore’s sovereign wealth fund GIC is investing $170 million (nearly Rs 1,300 crore) in TPG Growth-backed healthcare delivery platform Asia Healthc ...

Didn’t delay FIR filing in ABG Shipyard case: SBI

14 Nov

State Bank of India has said that it had lodged a complaint against ABG Shipyard with the Central Bureau of Investigation on behalf of public sector b ...

Ford takes a U-turn on electric vehicles

12 Nov

After announcing an exit from the Indian market around the middle of 2021, American auto major Ford seems to have had a re-think, and is now planning ...

India's industrial production growth plunges to 10-month low at 0.4% in Dec

12 Nov

India's industrial production growth slowed to 0.4% in the month of December 2021, according to the data released by ministry of statistics and progra ...

Tatas' Air India and Air Asia ink passenger sharing deal

12 Nov

In the first step towards cooperation between Tata Group airlines, Air India (AI) and Air Asia India (AAIPL) will accept each other's domestic passeng ...

India's textile industry rises that gives hope on jobs for PM Modi

12 Nov

At Texport Industries’ factories in India’s south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spagh ...

Report on lapses in 2 weeks: BharatPe

12 Nov

BharatPe chief executive Suhail Sameer in a communication to employees has stated that there were a couple of "serious allegations" of governance laps ...

Taxing crypto doesn't mean it is legalized: FM

12 Nov

Finance minister Nirmala Sitharaman on Friday said the government has exercised its sovereign right to tax profits emanating from transactions in cryp ...

RBI’s super dovish policy to keep loan and bank rates soft

11 Nov

Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday surprised markets with a super dovish monetary policy that not only left rates unchan ...

N Chandrasekaran set for 2nd term as Tata chief

11 Nov

N Chandrasekaran is set for a second term as Tata Sons chairman, people close to the matter told TOI, adding that the company’s board would consider t ...

MX TakaTak and Moj announce merger

11 Nov

MX Media, the parent company of MX TakaTak, and ShareChat, the parent company of Moj, announced a strategic merger between Moj and MX TakaTak. & ...

RBI projects FY23 GDP growth at 7.8% and retail inflation at 4.5%

11 Nov

The RBI has projected the country's economy to grow by 7.8% in 2022-23, lower than the government's estimate of 8% to 8.5% expansion. It also estimate ...

Cryptos don't have any underlying value: RBI Governor

11 Nov

Reiterating his long-standing position, Reserve Bank of India (RBI) Governor warned that private crypto currencies pose a big threat to India’s macroe ...

LIC’s IPO gets approval from insurance regulator

11 Nov

Insurance regulator IRDA has cleared the initial public offering (IPO) of the Life Insurance Corporation of India (LIC), paving the way for the public ...

Amazon-Future-Reliance row a luxury litigation: SC

09 Nov

Multinational mega-corp Amazon got a mouthful from the SC for seeking permission to file written submissions in the case relating to a consortium of b ...

Gautam Adani surpasses Mukesh Ambani to become Asia's richest person

09 Nov

After being a close second for months, Adani Group chairman Gautam Adani has now become the richest person in India and Asia, surpassing the fortune o ...

Livspace enters unicorn club raises $180 Mn. from KKR

09 Nov

Home renovation and interiors platform Livspace has announced a $180 Mn funding round that has taken the company past the billion-dollar valuation mar ...

AirAsia india gets nod for 1st international flight

09 Nov

Tata Group’s AirAsia India (AAIPL) has finally got the nod to operate its first international flight this month, nearly eight years after it started o ...

No duty cut for Tesla without manufacturing activity

09 Nov

A request by Elon Musk for an import duty reduction on electric cars in India seems to be up against a brick wall. No relaxations will be given to US- ...

SC approves Gujarat urja - Adani settlement

09 Nov

The Supreme Court on Tuesday approved an out-of-court settlement reached between Adani Power (Mundra) Ltd and Gujarat Urja Vikas Nigam under which the ...

Around 6.17 crore IT returns filed in new e-filing portal

08 Nov

Around 6.17 crore income tax returns (ITRs) and about 19 lakh major tax audit reports have been filed on the new e-filing portal of the Income Tax Dep ...

Indian blockchain start-up Polygon bags $450 mn. from Sequoia, Tiger Global

08 Nov

Blockchain start-up Polygon has raised $450 million (around Rs 3,400 crore) at a valuation of around $10 billion, making it the biggest funding round ...

Sukla Mistry is going to be Indian Oil's (IOC) first woman Director

08 Nov

Breaking the glass ceiling at Indian Oil Corporation (IOC), Sukla Mistry is set to be the first woman Director (Refineries) of the Maharatna oil marke ...

IT companies worry about staff’s moonlighting

08 Nov

Dealing with moonlighters in these times of remote work is posing a challenge for IT companies. Many tech professionals with full-time day jobs are sa ...

Ashneer Grover in talks to sell his 9.5% stake in BharatPe

08 Nov

BharatPe cofounder Ashneer Grover has held early talks with investors to sell his 9.5% stake in the fintech startup, potentially paving the way for hi ...

Suzuki raises india guidance on demand better chip supply

08 Nov

A senior company official has said that country's largest carmaker Maruti Suzuki India is expecting production activity to improve in the current quar ...

IPO-bound LIC appoint 6 independent directors on its board

07 Nov

Sources said that ahead of initial public offering (IPO), Life Insurance Corporation (LIC) has last month appointed six independent directors on its b ...

India’s digital currency to debut by early 2023

07 Nov

A top government source said India’s very own official digital currency is likely to debut by early 2023, which will mirror any of the currently a ...

Tax havens could come in the way of cross-border insolvency laws

07 Nov

Tax havens could come in the way of cross-border insolvency laws, with Videocon Oil and Nirav Modi's Firestar International, two recent examples of In ...

Europe's era of negative- yielding debt is coming to an end

07 Nov

Negative yields are becoming an endangered species even in Europe, long the heartland for bonds that you have to pay to hold.A swathe of yields across ...

Reverse repo rate may be hiked by 15-40 basis points

07 Nov

The Reserve Bank of India (RBI) may raise the reverse repo rate by about 15-40 basis points while pencilling measures to support the Union Budget that ...

Adani road transport bids for NHAI's three toll projects

07 Nov

Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, has submitted bids for three bundles of toll-operate-transfer (ToT) provided by ...

Bharatpe's Ashneen grover seeks removal of Suhail Sameer (CEO) from board

05 Nov

The embattled co-founder and managing director of BharatPe, has written to the company’s board seeking the removal of Chief Executive Officer Suhail S ...

Private Equity and Venture Capital funds could be treated as separate class of investors

05 Nov

The government is considering recognising private equity (PE) and venture capital (VC) funds as a separate class of investors so that multiple issues ...

IndiGo appoints Co-founder Rahul Bhatia as MD

05 Nov

Inter Globe Aviation on Friday announced the appointment of its Co-founder Rahul Bhatia as the company's Managing Director with immediate effect. The ...

Tata Steel Q3 net profit doubles to Rs 9,598 Cr.

05 Nov

Steel major Tata Steel said its consolidated net profit more than doubled to Rs 9,598.16 crore for the quarter ended December 2021, mainly on ac ...

RIL acquires 25% stake in US deep-tech co for $15mn

05 Nov

Mukesh Ambani-controlled Reliance Industries (RIL) has invested $15 million in Silicon Valley-based deep-tech startup Two Platforms for a 25% stake, r ...

Small savings inflows surge in FY22 due to Covid impact

05 Nov

There was a pointy improve in inflows to small financial savings schemes corresponding to public provident fund (PPF) within the present fiscal 12 mon ...

Advent weighs $1 bllion bet on yes bank

04 Nov

Private equity group Advent International is evaluating a Rs 7,500 crore ($1 billion) investment in Yes Bank to further capitalise its balance sheet a ...

Let Reliance and Amazon bid for Future Retail

04 Nov

"Amazon and Reliance who are cash rich can bid for FRL anything above Rs 17,000 crore...This is a sure shot (solution) we get our money and who wins g ...

Adani power asks Maharashtra discom to pay Rs 10k cr.

04 Nov

Adani Power has asked MSEDCL, a Maharashtra power distribution corporation (discom), to pay a little over Rs 10,000 crore, or about 50% of the outstan ...

RBI against using forex limits to trade in dollars

04 Nov

Reserve Bank of India (RBI) has cautioned against the use of its liberalised remittance scheme (LRS), which allows individuals to send up to $250,000 ...

Shipping Corp, BEML, BPCL among CPSEs to be privatised next fiscal year

04 Nov

The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering ...

Budget 2022 recognises need to spend on building infrastructure

04 Nov

Union Budget 2022: Union budget for FY2022-23 comes after two years of the pandemic and in the 75th year of our Independence. We now seem to have left ...

Investors rush in for cryptos after Govt's tax plan

03 Nov

User sign-ups on crypto platforms jumped 30-50% on budget day Tuesday, when the finance minister announced a proposal to tax digital assets.
Wh ...

Centre to unveil size of LIC IPO in a week

03 Nov

The Centre will decide on the size of initial public offer of state-run insurance giant LIC within a week, a top official said on Wednesday, asserting ...

Digitisation theme a big opportunity for Indian IT

03 Nov

The word ‘digital’ was mentioned 35 times, and ‘tech’ 26 times, by finance minister Nirmala Sitharaman in her Budget speech. “Promoting digital econom ...

Startups focus on working cap with longer tax holiday

03 Nov

The Budget announced several measures to encourage startups, including extension of the tax holiday, and liberalisation of the drone and defence R& ...

D-St cheers: Second best rally in five years

03 Nov

Rising for the third consecutive session, the sensex surged 696 points to 59,558 as positive momentum from the Budget continued — market players terme ...

Kia India Exports 1 lakh units in 29 Months

03 Nov

Kia India has today announced that the company has achieved the milestone of 1 lakh exports in just 29 months. The Indian subsidiary of this South Kor ...

Capital expenditure needed to boost growth for private sector investment

01 Nov

The Economic Survey has stressed on the need for capital expenditure to sustain growth, underlining how the strategy adopted by the government is expe ...

Tata bid for Neelachal steel co. of Rs 12k cr.

01 Nov

Tata Steel will take control of Neelachal Ispat Nigam (NINL) after bidding Rs 12,100 crore, including equity and debt, the government said on Monday. ...

Delhi NCR beats Bangalore to emerges as startup capital and Maharashtra tops in states

01 Nov

Delhi NCR has dethroned Bengaluru as the startup capital of India, the Economic Survey for 2021-22 showed on Monday, highlighting the rise of the nati ...

Reliance Brands enters Joint Venture with fashion designer to launch a new brand

01 Nov

Reliance Brands, the brand licensing arm of Reliance Industries, has entered into a joint venture with designer Rahul Mishra to launch a new brand.The ...

Revised estimate shows GDP contraction at 6.6% in FY21

01 Nov

India's Gross Domestic Product (GDP) contracted by 6.6 % in FY21, according to the National Statistical Office's first revised estimate released on Ja ...

Sensex recover on growth forecast

01 Nov

Backed by a rebound in global markets, the sensex rallied through Monday’s session and closed 814 points higher at 58,014 as strong growth projections ...

Mutual Fund body asks fund houses to stop foreign investments

31 Nov

The Association of Mutual Funds in India (AMFI) asked all fund houses to stop any incremental investments abroad, effective February 2. The move came ...

Employable women jobseekers increased by 2 crore in 5 years

31 Nov

The pool of employable women jobseekers is expected to be 7.6 crore this year, up from 5.7 crore in 2016, shows data from Avtar’s 2022 Status of Women ...

Surplus fund of ₹1L cr. may help govt. to delay LIC IPO beyond 31.03.22

31 Nov

A large cash balance of over Rs 1 lakh crore would help the government tide over the financial year even if the budgeted Life Insurance Corporation's ...

Adani to merge rail operations in single company

31 Nov

Billionaire industrialist Gautam Adani is set to consolidate all rail assets under a single entity, which will remove duplication and build scale, hel ...

Healthcare industry seeks priority status, increase in fund allocation to 3% of GDP

31 Nov

The government should look at according priority status to the healthcare segment while increasing the public expenditure on the sector to at least 3% ...

Incentives for green hydrogen is expected in Budget 22

31 Nov

Government may provide fiscal incentives and allot funds for promotion of green hydrogen in the country in the forthcoming budget for 2022-23, which i ...

NARCL (Bad bank) takes over NPA’s of Rs 50,000cr in FY22

29 Nov

State Bank of India chairman said that the National Asset Reconstruction Company (NARCL) bad bank proposed to take over non-performing loans (NPLs) ha ...

Easy money approach has served us well: RBI

29 Nov

The Reserve Bank of India (RBI) has said that India is on course to rank among the world’s fastest growing economies, but there is some distance to go ...

Pay dues or be declared insolvent: Supreme Court to SpiceJet

29 Nov

Do you want to run or close shop?” the Supreme Court asked SpiceJet on Friday. It slammed the beleaguered low-cost carrier facing a winding-up process ...

Birla says conventional and new economy segments are booming pvt. sector

29 Nov

The coming decade will see an upsurge in capital expenditure across many sectors, Aditya Birla Group chairman Kumar Mangalam Birla said in a post on h ...

Gold jewellery demand nearly doubles in 2021

29 Nov

Gold jewellery demand in India grew 93% to a six-year high of 611 tonne in 2021 from 316 tonne in 2020. As increase in number of weddings, higher savi ...

AU Small Finance Bank's net profit increase by 68% to Rs 302 cr. in Dec quarter

29 Nov

The Jaipur-based AU Small Finance Bank on Friday said strong loan sales and better asset quality have helped it post a strong set of financial numbers ...

US GDP grows 5.7% in 2021, fastest since 1984

28 Nov

The Bureau of Economic Analysis said US gross domestic product grew 5.7% through 2021 that marks the strongest annual economic growth since 1984, when ...

ArcelorMittal set to invest Rs 1.7 lakh crore in Gujarat

28 Nov

ArcelorMittal Nippon Steel India (AM/NS India) signed an MoU with the state’s industries department, proposing investment of Rs 1.7 lakh crore in six ...

Generali to own majority stakes in both Indian subsidiaries cum JVs

28 Nov

Italian insurer Generali will convert its insurance joint ventures (JVs) in India into majority owned subsidiaries by buying shares from embattled Fut ...

Bollywood celebs found violating ad norms: ASCI

28 Nov

Bollywood celebrities such as Jaqueline Fernandez and Ranveer Singh along with a clutch of popular digital content creators have been found violating ...

SC reserves verdict on Amazon's pleas against Future Retail-Reliance deal

28 Nov

The SC reserved verdict on the pleas of e-commerce giant Amazon against the Rs 24,713 crore deal for merger of Future Retail Ltd (FRL) with Reliance R ...

Tata regain control of airline after 69 years

28 Nov

The Tata Group Thursday regained control of Air India, 69 years after the Mumbai-based conglomerate relinquished its stake in the airline to the Centr ...

Future Retail moves Supreme Court on lenders’ insolvency notice

27 Nov

Facing heat from banks for recovery of outstanding dues, Future Retail on Tuesday moved the Supreme Court seeking quashing of lenders' letters threate ...

Govt clears PMC Bank’s merger with Unity Small Finance Bank

27 Nov

Nearly two and half years after the RBI had moved in to supersede the board of the city-based Punjab & Maharashtra Co-operative (PMC) Bank, the go ...

After 5-day losing streak, sensex sees bounce back

27 Nov

After a five-session slide, the sensex made a strong recovery on Tuesday with a 367-point rally to close at 57,858. Initially, it hit an intraday low ...

IPO-bound Oyo gets NSE and BSE approvals for listing

27 Nov

Hotel aggregator Oyo has received in-principle approvals from the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to list on the bourses ...

Maruti third quarter profit halves on supply problems, costly inputs

27 Nov

Maruti Suzuki on Tuesday reported a 48% decline in consolidated net profit at Rs 1,042 crore in the third quarter ended December 2021 as earnings were ...

Cairn Energy complied with laws, eligible for Rs 7,900cr refund

27 Nov

Britain's Cairn Energy on Tuesday said it has complied with all rules of the retro tax repeal law to now become eligible for about Rs 7,900 crore refu ...

IPO listings see Rs 2 lakh crore erosion, technology startups account for half

25 Nov

The selloff in the market in the past few weeks has wiped out over Rs 2 lakh crore from recently listed stocks that include leading ones like One97 Co ...

Bitcoin sinks to six-month low to $33863

25 Nov

Bitcoin declined to its lowest level in six months on Monday as the crypto sell-off continued with investors moving away from risky bets. Bitcoin, the ...

Ola Electric raises $200mn in funding at a valuation of $5bn

25 Nov

Ola Electric said it has raise over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and other ...

Swiggy raises $700mn at valuation of $11bn

25 Nov

Food delivery giant Swiggy is the new entrant to the decacorn club after raising $700mn in a fresh round of funding led by Invesco. The round also saw ...

Capital gains tax on ULIP income part of last Budget

25 Nov

Tax department sources said the government has not imposed any new tax on unit-linked insurance plans (ULIPs) but has merely implemented last year’s B ...

India competes with China & Vietnam in electronics mfg; aims $300 bn production by FY26

25 Nov

India's counter-attack on China and Vietnam in manufacturing of electronics is set to get additional fire-power. On target is $300 billion in out ...

Amazon asks Future Retail to give financial details to PE firm

24 Nov

Amazon has asked Future Retail (FRL) to provide financial details to Samara Capital for expedited due diligence, as it wants the private equity player ...

Indians placed record bets on US stocks in 2021

24 Nov

Year 2021 could well be when Indian retail investors truly came of age as they ventured into Wall Street in record numbers, besides getting active on ...

CII asks state govts to lift Covid curbs

24 Nov

Industry body CII has suggested that state governments should lift restrictions on economic activity, given that the occupancy rate of hospital beds d ...

HDFC Cap raises $1.9 billion for affordable housing

24 Nov

HDFC Capital has mobilised $1.9 billion for investment in real estate sector through the close of its third fund focused on affordable housing — the l ...

PSU bad bank, reforms for asset rejig Cos hang fire

24 Nov

Banks have come out of the bad loan mess through provisions made from profits and new capital. However, the deadweight of these old accounts continues ...

Startups bought back ESOPs worth over $400mn last year

24 Nov

Over $400 million worth of ESOPs were bought back by Indian startups in 2021, according to a report on startups by Nasscom and consultancy firm Zinnov ...

RIL posts 38% higher profit in Q3 at Rs 20,539cr

22 Nov

Reliance Industries (RIL), India’s largest listed company, reported a 38% rise in quarterly profit on Friday on the back of a one-off gain from the sa ...

5G won’t be threat to aircraft in India: TRAI

22 Nov

The assurance comes at a time when there are growing concerns over the safety of aircraft flying in the US over fears of interference with navigation ...

Future Retail's independent directors seek Rs 3,500cr loan from Amazon

22 Nov

The independent directors of Future Retail Ltd (FRL) have sought ₹3,500 crore from Amazon as long-term loan since the US company had objected to the s ...

Govt taking significant steps to boost startups

22 Nov

Commerce and Industries Minister said the government is taking significant steps such as resolving the angel tax issue, simplification of tax procedur ...

Voda Idea Q3 loss widens to ₹7,231cr, ARPU at ₹115

22 Nov

Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,231 crore for the quarter ended December 2021. ...

India seeks patent waiver for vax, medicines at WTO

22 Nov

India on Friday called for patent waiver for vaccines, drugs and devices at the World Trade Organization (WTO) and warned that countries, especially t ...

Insurers seek more tax discount to up coverage

21 Nov

Insurers are rooting for income tax sops for individuals in the upcoming Budget to boost insurance penetration in the country. The move comes at a tim ...

CII proposes higher CSR levy to fund booster doses

21 Nov

Industry body CII has proposed an increase in the corporate social responsibility (CSR) levy by one percentage point from the current 2% to provide bo ...

Adani vehicles? Co gets approval for trademark

21 Nov

After planning a foray into the metal business, Gautam Adani, India’s second-richest particular person and head of the eponymous Adani Group, seems to ...

NCLAT stays insolvency proceedings against HCL

21 Nov

In a major relief to IT firm HCL Technologies, the National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings initiated aga ...

LIC IPO to boost transparency, governance

21 Nov

The itemizing of Life Insurance coverage Company (LIC) and different government-owned non-life firms will result in reforms by way of higher concentra ...

HUL Q3 net up 17% at ₹2,243cr amid inflation

21 Nov

Hindustan Unilever (HUL) has reported a 17% growth in standalone profit after tax at Rs 2,243 crore during the third quarter ended December 31, 2021, ...

NSE top in derivatives globally

20 Nov

For the third consecutive year, India's leading exchange NSE has been ranked as the world's top derivatives trading platform, ahead of global giants l ...

Finance ministry asks ministries to restrict expenses within prescribed limit

20 Nov

In a bid to maintain fiscal deficit within the targeted limit, the finance ministry has asked ministries and departments to restrict their expenses wi ...

Jio pays DoT Rs 31,000 crore dues for spectrum

20 Nov

Telecom major Reliance Jio on Wednesday said it has paid Rs 30,791 crore, including accrued interest, to the department of telecom (DoT) to clear paym ...

Fix glitches in ITR and TAR or court will push ITR deadline: HC

20 Nov

The Gujarat high court has asked CBDT to fix the technical glitches taxpayers are facing, while filing tax audit report (TAR) and income tax returns ( ...

Highways ministry forms panel to examine court orders

20 Nov

The highways ministry has constituted a committee to examine all arbitral awards or court orders where the settlement amount is more than Rs 100 crore ...

Hero Electric’s Naveen Munjal partners M&M

20 Nov

At a time when he fights a legal battle with uncle Pawan Munjal to prevent the use of Hero brand for electric vehicles, Naveen Munjal – MD of Hero Ele ...

Omicron curbs by states may have hurt mobility in country

19 Nov

The curbs imposed by various states seem to have hurt mobility across the country, with data showing a sharp impact on movement to workplaces. But eco ...

Delhivery and 2 Chennai companies get permission from SEBI for listing

19 Nov

The number of companies in India looking to go public is set to increase. New age logistics player Delhivery, along with two Chennai-based companies - ...

Microsoft to buy Activision Blizzard (Gaming co.) for $69b

19 Nov

Microsoft Corp said on Tuesday it would buy "Call of Duty" videogame maker Activision Blizzard for $68.7 billion in cash, the largest deal in the sect ...

State govts’ borrowing costs surge as yields rise

19 Nov

State governments are paying a stiff price for their borrowings as yields move up in the money markets. The state governments have seen their borrowin ...

TCS bags title sponsorship of Toronto Marathon

19 Nov

After acquiring the IPL T20 cricket tournament title rights for this season and the next, the Tata Group has bagged the headline sponsorship of the To ...

Reliance Retail acquires 54% in robot company Addverb for $132 million

19 Nov

Reliance Retail has picked up a 54% stake in robotics company Addverb Technologies for $132 million, with the former becoming the largest shareholder. ...

German ink major Siegwerk to consolidate India business

19 Nov

German printing ink major Siegwerk is upbeat on India and plans to further expand its facility to cater to the growing market.
In India, the compan ...

Govt extends SCI bid deadline indefinitely

18 Nov

The government has extended indefinitely the cut-off date for submission of bids for its stake in Shipping Corporation , according to multiple people ...

Third wave reverses business resumption gains

18 Nov

A Japanese brokerage said the fast-spreading third wave of COVID-19 has undone the gains achieved due to resumption of business since the end of the l ...

Jio tells TRAI spectrum auction for space services gaining ground globally

18 Nov

Reliance Jio has told the telecom regulator that auctioning spectrum for broadband services from space is rapidly gaining traction around the world, w ...

Toyota readies for enhancing its capacity in 2022

18 Nov

World’s largest Toyota Car maker The company, which overtook General Motors in North America for the first time in 2021, is embarking on a new chapter ...

Centre may stick to fiscal goals despite higher capital expenditure plan

18 Nov

The Centre is likely to continue with its fiscal consolidation plans in the 2022-23 Budget, despite lower than estimated receipts from privatisation o ...

SEBI to introduce alternative dispute resolution mechanism

18 Nov

After empowering investors through charters for them, markets regulator SEBI said on Monday that it is looking at introducing an alternative dispute r ...

Banks want tax discount for 3-year FDs

17 Nov

head of the Budget, the Indian Banks' Association (IBA) has made a fresh pitch for reducing the lock-in period for fixed deposits (FDs) to be eligible ...

Financial technology Cos. must prepare for more compliance

17 Nov

The chief of the National Payments Corporation of India (NPCI) has said that fintechs would need to keep aside money and management bandwidth for regu ...

Most restructured loans on track: HDFC Bank

17 Nov

HDFC Bank, which reported a record net profit of Rs 10,342 crore for the quarter ended December 2021, has said that most borrowers who availed Covid r ...

Banks’ e-business ambitions may face limited availability of professionals

17 Nov

Banks are set to face a serious problem to find talent to meet their digital ambitions. While banks have the assets to spend money on know-how and are ...

After Bengal & Telangana, Maharashtra invites Tesla

17 Nov

Even as negotiations between Tesla, the US electric car manufacturer, and the Central government seem to be stretching, a Maharashtra minister has ext ...

Indians (90 nos.) top list of US unicorns' immigrant founders

17 Nov

Indians are creating unicorns not just in India, they are doing it in the US too.A study by Ilya A Strebulaev, professor of finance at Stanford Univer ...

Aditya Birla Co. to buy 51% stake in Masaba brand

15 Nov

Aditya Birla Fashion and Retail (ABFRL) is poised to acquire a 51 per cent stake in House of Masaba Lifestyle promoted by leading designer Masaba Gupt ...

Covid spike gives rise to absenteeism again

15 Nov

Hit by the third Covid wave, organisations are once again grappling with absenteeism from work.Covid leaves are being used by employees, and organisat ...

RIL, Hyundai, L&T bid for Rs 18,100cr PLI in batteries

15 Nov

Several top companies including Reliance, South Korea's Hyundai, TVS, L&T, Exide, Mahindra, Amara Raja Group have sent in their bids under the pro ...

WPI inflation eases to 13.56% in December

15 Nov

The wholesale price-based inflation (WPI) across the country moderated to 13.56 per cent in December 2021 driven by a dip in the prices of fuel it ...

RBI may tweak norms for valuing bank investments

15 Nov

In an overhaul of the norms governing the valuation of investments made by a bank, the Reserve Bank of India (RBI) has proposed a new category for cla ...

Adani enters steel business with $5 billion Posco pact

15 Nov

Billionaire industrialist Gautam Adani’s infrastructure conglomerate and South Korea’s Posco have inked a $5-billion (nearly Rs 37,000-crore) pact for ...

Infosys beats TCS, Wipro in third-quarter results

13 Nov

India’s three biggest IT companies all announced their third quarter financial results on Wednesday, and all had solid double-digit year-on-year reven ...

Retail inflation jumps to a five-month high in December

13 Nov

December retail inflation jumps to five-month highs against the backdrop of rising food, beverage, clothing, footwear, fuel and light prices, and poli ...

At Rs 18,000cr, TCS unveils largest stock buyback ever

13 Nov

Tata Consultancy Services (TCS) announced a mega stock repurchase proposal on Wednesday to reward shareholders. The move is supported by higher profit ...

IT attrition soars, but so does hiring

13 Nov

TCS, Infosys and Wipro together made a net addition of 50,994 employees in the December quarter, compared to 42,829 in the September quarter. TCS adde ...

Free trade pact with UAE nearing conclusion

13 Nov

Commerce and Industry Minister said a free trade agreement with the UAE is nearing to conclusion, and negotiations for the proposed pact with Australi ...

Cards, e-banking plaints still dominate grievances

13 Nov

Complaints associated to debit playing cards, cell/digital banking and bank cards continued to be the highest three classes of shoppers grievances in ...

Link curbs to hospitalisation rate

12 Nov

Amid rising instances of Omicron, business our bodies have petitioned the federal government that native restrictions needs to be linked to hospitalis ...

SC reserves verdict on future course of Future retail-Amazon fight

12 Nov

The Supreme Court on Tuesday reserved orders on the future course of the multi-layered litigations between Biyani group's Future Retail Coupons ...

Digital technology is a powerful deflationary tool

12 Nov

Microsoft CEO has mentioned that digital expertise is a robust deflationary pressure in an inflationary economic system as a result of of the big will ...

India can tap new opportunities in chip design

12 Nov

Minister of State for Electronics and IT said india can tap new opportunities in areas like semiconductor design, electronic systems design and electr ...

Govt extends FY21 ITR filing deadline for corporates

12 Nov

The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021.The deadline t ...

Govt set to become largest shareholder in Vodafone Idea

12 Nov

The Centre is set to receive ownership in two private telecom companies – the debt- laden Vodafone Idea and Tata group’s Tata Teleservices (TTL) – in ...

Co. listing directly overseas may get capital gains tax exemption

11 Nov

Ahead of the budget, the government is looking at providing capital gains exemption to shares of Indian companies that are listed directly on overseas ...

Insurers Can’t Reject Cocktail Covid Therapy

11 Nov

The Insurance Regulatory and Development Authority of India (Irdai) has asked companies not to reject Covid claims for antibody cocktail therapy by te ...

Bond yields at pre-Covid high, beat home loan rates

11 Nov

Bonds fell to a pre-pandemic low on Monday even as the sensex surged over 1% to close 651 points higher and the rupee gained 27 paise. The cost of bor ...

Budget’s highways allocation may jump by 35% for 2022-23

11 Nov

Finance minister Nirmala Sitharaman might increase the budgetary allocation for the highways sector by 35% to Rs 1. 8 lakh crore in 2022-23 as she ale ...

Binani heir moves HC over SFIO’s summons

11 Nov

Binani Cements (BCL), has moved the Bombay high court to challenge summons issued to her by the Serious Fraud Investigation Office (SFIO). The HC gave ...

Adani Power files contempt plea in SC against 3 Raj power distribution Cos.

11 Nov

Adani Power has filed a contempt petition in the Supreme Court against three Rajasthan government discoms (power distribution companies) for failing t ...

Bank frauds of over Rs 3 crore will need panel nod for CBI probe

10 Nov

The Central Vigilance Commission (CVC) has amended rules to mandate that all bank fraud cases of over Rs 3 crore will be referred to an expert panel t ...

Amazon challenges CCI order at NCLAT, moves SC to quash HC order

10 Nov

US e-tailer Amazon has stepped up its authorized battle with Kishore Biyani’s Future Retail Group, challenging a Competition Commission of India (CCI) ...

Omicron effect: IndiGo to cut 20% of its flights

10 Nov

IndiGo on Sunday said it would withdraw 20% of its flights as the surge in COVID-19 cases had hit travel demand.The airline will also offer free chang ...

Adani Power drops Rs 11k crore claim to settle PPA dispute

10 Nov

Adani Power has waived compensation claim for an estimated Rs 11,000 crore to attain an out-of-court docket settlement with Gujarat Urja Vikas Nigam ( ...

Govt says, looking at direct overseas listing demands

10 Nov

Ahead of this week’s interactions of startups with key policymakers, including the PM, the government on Sunday said that it is looking at demands for ...

Mango exports expected to surge after 2-year gap

10 Nov

After a gap of two years, the export of mangoes and by-products is predicted to see a spurt after India and the US agreed to simplify the principles, ...

TCS to take up its 4th share buyback proposal on January 12

08 Nov

Tata Consultancy Providers (TCS), India’s second-largest listed firm, stated on Friday that it plans to repurchase its inventory. Its board, led by ch ...

PSBs seek easier norms for MSME loan recast

08 Nov

State-run banks - including those coming out of RBI's prompt corrective action framework - on Friday told finance minister Nirmala Sitharaman that the ...

Government will go ahead with IPO of LIC in current fiscal

08 Nov

Finance minister Nirmala Sitharaman on Friday made it clear that the federal government will go forward with the mega public difficulty of Life Insura ...

The advance estimates of GDP released by NSO will cheer the Govt.

08 Nov

The advance estimates of GDP released by the National Statistical Office (NSO) on Friday will cheer the government on two fronts. Not only it is highe ...

India to overtake Japan as Asia’s 2nd largest economy by 2030

08 Nov

IHS Markit said india is likely to overtake Japan as Asia’s second-largest economy by 2030 when its GDP is also projected to surpass that of Germany a ...

Restaurant eye revenue sharing model

08 Nov

Friday’s restaurants and fast-food chains wrote to mall owners and landlords, urging them to pivot to a pure revenue-sharing model in light of the sur ...

Government to amend FDI policy to boost LIC public offer

07 Nov

The government is set to amend the foreign direct investment policy to facilitate the mega public issue of Life Insurance Corporation of India (LIC), ...

Banks can count more of small business deposits as stable

07 Nov

In a move that will make it easier for smaller banks to comply with Reserve Bank of India’s (RBI’s) prudential norms, the central bank has allowed len ...

Reliance Retail acquires 26% in Dunzo for $200 million

07 Nov

Dunzo, which pioneered in India the idea of delivering virtually something to anybody inside a metropolis, has raised $240 million in a funding spheri ...

Loan guarantee scheme saved 13.5 lakh MSMEs, 1.5 crore jobs

07 Nov

The State Bank of India reported the Emergency Credit Line Guarantee Scheme (ECLGS) has helped save almost 13.5 lakh units and 1.5 crore jobs in the m ...

RIL’s $4 billion foreign currency bonds issue is India’s biggest

07 Nov

Reliance Industries (RIL) has raised $4 billion in the biggest foreign currency bond sale by an Indian corporate. It raised $1.5 billion in a 10-year ...

The Future Retail may seek NCLT’s nod for a shareholder meeting

07 Nov

Future Retail Group may approach the National Corporate Court (NCLT) to seek approval for a shareholders’ meeting after the Delhi High Court on Wednes ...

NCLAT sets aside Videocon’s sale to Vedanta Co. Twinstar

06 Nov

The National Company Law Appellate Tribunal (NCLAT) has set aside an order by the Mumbai bench of the National Company Law Tribunal (NCLT) approvi ...

Delhi HC Stays Amazon-Future’s Retail S’pore Arbitration

06 Nov

Keeping in mind some of the findings of the Competition Commission of India (CCI) on the Amazon, the Delhi High Court on Wednesday continued future ar ...

Brookfield leads the race to acquire IL&FS headquarters

06 Nov

Brookfield Asset Management IL&FS has emerged as the front-runner to acquire the coveted 4.5 lakh sq ft headquarter at Bandra Kurla Complex in Mum ...

3rd Wave Casts Shadow On Govt’s Selloff Plan

06 Nov

The government’s privatisation plan again faces roadblocks with the latest curbs to prevent the spread of the new Covid variant likely to slow down th ...

RBI Allows Fintechs To Access Credit Bureaus

06 Nov

The RBI has widened the access to credit information bureaus enabling fintech companies to register as users.In November 2021, the RBI through a gazet ...

Banks Restrict Staff Attendance

06 Nov

Banks are drawing up preventive measures to cope with the third wave of Covid. This comes shut on the heels of the Central authorities curbing workpla ...

Reliance, Jio to take large borrowings for advantage of low interest rates

05 Nov

With indicators of hardening interest rates in home and worldwide markets, Mukesh Ambani’s Reliance Industries (RIL) is elevating funds at a number of ...

Setback for Future Retail as Delhi HC rejects pleas to quash Amazon arbitration

05 Nov

The Delhi High Court on Tuesday dismissed Future Group’s petitions seeking a direction to the Singapore International Arbitration Centre (SIAC) -- adj ...

Hero Electric Takes Hero Moto To Court Over Brand

05 Nov

Just over a decade after the different factions of the Munjal family hammered out a settlement of its various businesses, growing interest in electric ...

Flipkart posts strong revenue growth in FY21 on Covid push

05 Nov

Flipkart Internet, the Walmart-backed e-commerce company's marketplace arm, reported a 32% jump in revenues for the financial year 2020-21 on the back ...

Starlink India chief quits as Company refunds pre-booking amount

05 Nov

The newly-appointed country director and chairman of the India board of Elon Musk‘s Starlink satellite internet venture, has suddenly resigned, amid a ...

SBI invests Rs 150 cr. in card machine Co. Pine Labs

05 Nov

SBI has invested Rs 150 crore ($20 million) in merchant commerce platform Pine Labs. The deal valued Pine Labs significantly higher than $3 billion — ...

Manufacturing Activity Remains Robust In December On New Orders

04 Nov

Manufacturing activity in the country remained robust in December on the back of new orders despite moderating from the 10-month high outcome in Novem ...

LIC Looks To File For IPO By Jan 3rd Week

04 Nov

In one of its interactions with global investors in the run-up to its record-setting initial public offering (IPO), top LIC officials have indicated t ...

Health covers must include Omicron costs

04 Nov

The insurance coverage regulator has mentioned that each one indemnity-based medical health insurance merchandise that cowl therapy prices of hospital ...

Cryptocurrency draws young investors despite risks

04 Nov

If you had invested Rs 1 lakh in bitcoin a year ago, it would have now been worth almost Rs 1.7 lakh, despite a nearly 30% fall from its all-time high ...

Future Retail goes to HC on Singapore arbitration

04 Nov

Kishore Biyani’s Future Retail (FRL) has filed a writ petition before the Delhi high court, seeking to quash the Singapore arbitration proceedings, wh ...

Exports rose 37% to $37.29 billion In December 2021

04 Nov

India's exports in December 2021 rose 37 per cent on an annual basis to $37.29 billion, according to government data, with Commerce minister Piyush Go ...

LIC’s IPO pricing may be less than Reliance, TCS and TOI

03 Nov

The IPO of LIC is believed to be the most valuable company in the country. But the government can evaluate it at a much lower cost than expected. Its ...

India appeals against WTO panel ruling on sugar export subsidies

03 Nov

India has appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel which ruled that the country's domestic sup ...

Audi India sales double in 2021 after 3-years' decline

03 Nov

German luxurious maker Audi snapped a three-year dropping streak in India and made a turnaround with a 100% progress in gross sales in 2021 the place ...

Tax Sops Likely To Make India Aerosports Hub

03 Nov

Aerosport enthusiasts in India may soon not have to go abroad for skydiving and other related activities. The Jyotiraditya Scindia-led Union aviation ...

RBL Bank’s deposits fall 2.6% QoQ by end-December

03 Nov

RBL Bank said that its deposits as of end-December 2021 stood at Rs 73,637 crore, a 2.58% decline over its deposit base of Rs 75,588 crore at end of S ...

NTPC eyes 5% equity in power Exchange

03 Nov

State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity tradin ...

Govt to speed up asset monetisation drive to meet budget target

25 Nov

The Centre’s apex think tank Niti Aayog has reportedly asked ministries to expedite the government’s asset monetisation programme to meet the current ...

RBI says Financial Inclusion to help in price stability

25 Nov

As financial inclusion rises further in India, the incidence of disruptions in consumption are likely to wane, allowing monetary policy to remain focu ...

Power demand rises 10% in April-Nov but coal matches demand

25 Nov

India’s power demand, a key indicator of economic growth, jumped more than 10% in the April-November period of the current financial year, indicating ...

Funding to deep tech Startups doubles in 2021

25 Nov

Despite a year marked by a funding frenzy for consumer tech ventures, deep tech startups managed to hold their ground and attracted more than double t ...

India UAE trade deal to be signed by PM in Jan 2022

25 Nov

Aimed at ramping up India's economic ties with the UAE in a post-COVID world, the pact is being pushed by both nations. Negotiations are underway at a ...

NCLT extends lenders’ vote on Adani bid for reality co.

25 Nov

The National Company Law Tribunal (NCLT) Mumbai on Friday directed the resolution professional of Radius Estates and Developers to extend the period f ...

Vedanta to infuse Rs. 60000 Crores into semiconductors

24 Nov

Days after the government announced a mega stimulus package to bring semiconductor investments into the country, Anil Agarwal’s Vedanta Group has said ...

Govt to offer upto 50% of project cost to COs for setting up Chip plant

24 Nov

Following the announcement of the Rs 76,000-crore incentive scheme forsemiconductors, the government has issued the detailed guidelines around i ...

Card tokenization last date deferred by 6 months

24 Nov

The Reserve Bank of India (RBI) on Thursday extended the deadline to comply with new card storage rules by another six months to June 2022, following ...

FIEO aims at $460-475 billion exports during next fiscal year

24 Nov

The Federation of Indian Export Organisations (FIEO) on Thursday said taking a conservative approach, it will aim for $460-475 billion exports in the ...

Govt gets bids for Neelachal Ispat selloff

24 Nov

The Centre has received financial bids for privatisation of state-owned Odisha-based steel company Neelachal Ispat Nigam (NINL) and the process has mo ...

Flex fuel vehicles in next 6 months

24 Nov

Union minister for road transport and highways Nitin Gadkari on Thursday has said that the government has issued an advisory to carmakers to introduce ...

Zee and Sony sign their merger deal

23 Nov

Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI) finalised a deal on Wednesday to merge their television channels, ...

RBI governor says growth still needs policy support

23 Nov

Reserve Bank of India (RBI) Governor Shaktikanta Das said continued policy support is warranted for a durable, broad-based and self-sustaining rebound ...

SEBI says appropriate Pricing vital for IPOs

23 Nov

Sebi chairman Ajay Tyagi on Wednesday cautioned merchant bankers that they have an important role to maintain market integrity. He said that the regul ...

Industry group seek rationalisation of Income Tax slabs

23 Nov

Rationalisation of income tax slabs, infrastructure status for digital services and incentives to hydrogen storage as well as fuel cell development we ...

Amazon takes ED to HC over staff ‘harassment’

23 Nov

Amazon Wholesale (India) Private Limited, and Amazon Seller Services Private Limited have preferred a writ petition in Delhi High Court challenging th ...

Insurers to increase Term Policy rates for second time in FY 2022

23 Nov

Top private life insurers are revising term insurance rates by the fourth quarter. According to industry officials, reinsurers have taken a tough stan ...

Axis Bank frontrunner in buying Citibank’s Indian Retail and card operations

21 Nov

Citigroup had in April announced its decision to exit its consumer banking operations in IndiaPrivate sector lender Axis Bank is leading the race for ...

Rs. 5.5 lakh cr. were realised from the defaulting borrowers

21 Nov

FM informed to lok sabha that lenders have managed to recover close to Rs. 5.5 lakh crore from errant borrowers during the last seven years. It inclus ...

Center’s oil tax collection rises by 36% on excise duty increase

21 Nov

The Centre’s tax collection from the oil sector grew by 36% in 2020-21 to over Rs 4.5 lakh crore from Rs 3.3 lakh crore in 2019-20, buoyed by the last ...

Reliance Company picks up 60% in Anamika Khanna label

21 Nov

Adding to its portfolio of Indian designer brands, Reliance Brands has picked up a 60% stake in couturier Anamika Khanna’s brand AK-OK. The deal does ...

BSR resigns as auditor of Medi Assist Insurance

21 Nov

BSR & Co, sub-licensee of KPMG in India, has resigned from the position of auditor to Medi Assist Insurance TPA. According to the sources, th ...

NIBRI high but Omicron and inflation are risk factors for revival

21 Nov

The Nomura India Business Resumption Index rose to a record high of 117.8 for the week ended December 19 from 116.6 in the prior week. The Japanese fi ...

Power ministry asks SBI to be stricter with lending to discoms

17 Nov

The power ministry has requested State Bank of India (SBI) to tighten lending norms for distribution corporations (discoms) as their continued borrowi ...

About 3.6 cr. I-T returns filed so far on tax portal

17 Nov

Nearly 3.6 crore income tax returns have been filed so far, with the I-T department urging taxpayers to make their annual filings at the earliest to a ...

Center leaves out 4 key proposals from draft power reforms bill

17 Nov

The government has dropped four key proposals in the draft bill to amend the Electricity Act of 2003 that aimed for far-reaching reforms to improve tr ...

Appx. 76000 cr. Chip package to recreate Indian Brands

17 Nov

There was a time when computers meant HCL, Wipro, Zenith. Television means BPL, Onida, Weston, Dyanora, Beltek. In mobile phones, Indian brands such a ...

UK first G7 economy to increase rates since pandemic

17 Nov

Britain became the first G7 economy to hike interest rates since the onset of the pandemic on Thursday, with the U.S. Federal Reserve also signalling ...

SBI raises base rate by 10 BPS

17 Nov

The country’s largest lender – State Bank of India, has increased the base rate and prime lending rate by 10 basis points each, indicating the end of ...

Flex fuel vehicles in next 6 months

17 Nov

Union minister for road transport and highways Nitin Gadkari on Thursday has said that the government has issued an advisory to carmakers to introduce ...

Renewable power companies’ dues surge 47% to Rs 21k cr in 1 year

15 Nov

Overdues of renewable power producers have swelled 47% to Rs 21,008 crore in December from Rs 14,259 crore a year ago because of continued payment def ...

Weak NBFCs set to face corrective action

15 Nov

In a move that will bring regulation of non-banking finance companies (NBFCs) closer to that of banks, the Reserve Bank of India (RBI) has said that i ...

Aditya Birla Fashion and Retail to take over Reebok's operations in India

15 Nov

Aditya Birla Group’s fashion retail division Aditya Birla Fashion and Retail (ABFRL) has signed a long-term licensing agreement with US-based brand ma ...

PSUs with high liabilities may face IBC-based closure

15 Nov

The government has unveiled a new public sector companies’ policy for nonstrategic sectors so that the department of public enterprises (DPE) can driv ...

SC says NCLT has no authority to ask creditors to settle with defaulter

15 Nov

In an important verdict concerning the Insolvency and Bankruptcy Code (IBC), the Supreme Court on Tuesday ruled that the National Company Law Tribunal ...

WPI inflation hits record high of 14.23%, raises retail inflation fears

15 Nov

Higher food and fuel prices pushed the wholesale price inflation (WPI) rate to a record high in November, raising fears that this may translate into e ...

No. of new small savings a/cs shrinks, demat spikes in 3 yrs

14 Nov

It may be an early trend, but it points to changing investment behaviour in the country.The government on Thursday presented two sets of numbers in Pa ...

Shriram Group to merge all finance business

14 Nov

Shriram group has announced a consolidation exercise that will create India’s largest retail financing NBFC. The Chennai-headquartered group said on M ...

Investment advisers must show charter, complaints data

14 Nov

Sebi on Monday asked investment advisers and research analysts to disclose the investor charter as well as data pertaining to complaints received on t ...

Retail inflation up at 4.9% in Nov on oil, fuel prices

14 Nov

Retail inflation picked up pace in November to reach 4.9% compared with 4.5% in the previous month, driven by edible oil and fuel prices, which also i ...

Policybazaar to buy Myloancare

14 Nov

PB Fintech, which operates Policybazaar, said on Monday that the company’s board has cleared a proposal to acquire up to 70.1% stake in Myloancare. Th ...

Banks, e-tailers struggle to comply with RBI’s card data storage norms

14 Nov

E-commerce merchants and banks are racing against time to implement the Reserve Bank of India’s mandate on card storage norms. Some e-commerce merchan ...

RIL, Welspun among bidders for bankrupt textile co Sintex

13 Nov

Four leading textile players — Mukesh Ambani’s Reliance Industries, B K Goenka’s Welspun, Sanjay Dalmia’s GHCL and Dinesh Kumar Himatsingka’s Himatsin ...

PSB capital infusion is unlikely in next Budget

13 Nov

The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget, as their financial health has improved ...

PM says that deposit cover hike to make banking system more secure

13 Nov

Prime Minister Narendra Modi on Sunday said that the government’s move to increase the deposit insurance limit to Rs 5 lakh will not just provide safe ...

High returns associated with higher risks: Shaktikanta Das

13 Nov

Reserve Bank of India (RBI) governor Shaktikanta Das on Sunday cautioned depositors against chasing high returns, advising them to factor in prospect ...

90% of rural India’s e-comm orders paid in cash

13 Nov

Cash is king even when it comes to payments for online shopping in India, especially among e-commerce customers in the country’s hinterlands.In 2020, ...

Watsa’s Fairfax keen to hold on to stake in CSB

13 Nov

Promoters of CSB Bank, the Fairfax Group owned by Canadian billionaire Prem Watsa, would like to hold onto their 51% stake in the bank for as long as ...

Factory output growth slows in Oct as manufacturing moderates

11 Nov

Industrial output growth slowed down to 3.2% in October due to a sharp moderation in manufacturing activity, raising concerns that the economic reviva ...

Govt rejects steel companies’ offer to lower prices

11 Nov

The government has rejected the steel industry’s proposal to lower prices on several products by Rs 1,500 a tonne for small businesses and exporters a ...

Car sales dip 19% in Nov on chip shortages

11 Nov

Chip shortages continue to disrupt the supplies of the car industry. Wholesale deliveries to dealerships declined 19% in November as the shortage of s ...

Google puts off Play Store policy by 6 months to Oct

11 Nov

Google has further deferred the deadline for developers in India to integrate with Google Play’s billing system. It will now become effective October ...

Zomato's funding of Shiprocket generates controversy

11 Nov

E-commerce logistics company Shiprocket on Friday announced a $185 million funding round co-led by Zomato, Temasek and Lightrock India. But the develo ...

Razorpay’s total payment volume rises 300% in ’21

11 Nov

Fintech firm Razorpay said the total payment volume (TPV) through its platform rose over 300% to $60 billion in 2021. The final figure is also 20% mor ...

Niti Aayog says that Govt shouldn't rush to control fiscal deficit

10 Nov

Niti Aayog has suggested that the government should not rush to lower fiscal deficit during the next financial year as stepping up capital expenditure ...

Flexible sop, safety net for staff, gig workers of HUL

10 Nov

In what could set a trend among large corporates in India, Hindustan Unilever (HUL) has introduced employment models that challenge traditional employ ...

Record Rs 11,005cr mutual fund SIP inflows in Nov

10 Nov

Monthly inflows through the systematic investment plan (SIP) route reached a new high in November to over Rs 11,000 crore as retail investors continue ...

Steel cos may give discounts to small biz

10 Nov

Steel makers on Thursday indicated that they may offer a discount to small businesses, which are reeling under the burden of rising commodity prices. ...

Output up, no coal shortage after Dec: CIL

10 Nov

No coal shortage is expected after December as Coal India (CIL) has increased production “substantially” and operationalised some captive mines, the s ...

Ikea sees India online sales more than double in two years

10 Nov

Homeware, textiles, and furniture retailer Ikea has seen its online sales in India more than double in the past two years. Online sales also increased ...

Union Cabinet approves extension of PMAY-G for another 3 years

09 Nov

The union cabinet has approved the extension of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) beyond March 2021 till March 2024 to achieve the tot ...

CII pleads for replacing bank guarantees with surety bonds in infra sector

09 Nov

Industry body CII has urged the government to consider replacing bank guarantees with surety bonds in the infrastructure sector and also develop the m ...

RBI keeps rates unchanged, to drain another Rs 1.5L crore

09 Nov

The Reserve Bank of India (RBI) on Wednesday announced a road map to reduce some of the Rs 9-lakh-crore-plus surplus liquidity which it had infused la ...

RBI to review e-payment fees to provide level playing field

09 Nov

The RBI is proposing to review charges on payment transactions. Industry players said that the move would level the playing field in digital payments. ...

RBI pushes for UPI E-wallet for small transactions, feature phone payments

09 Nov

The RBI’s big push for Unified Payments Interface (UPI) has the potential to take transactions on the platform to 100 crores a day, according to Natio ...

Mahindra & Mahindra, Jio-Bharat Petroleum tie up for EV charging services

09 Nov

Mahindra Group and Jio-BP, a joint venture between Reliance Industries and BP, have teamed up to explore creation of electric vehicle (EV) products an ...

RBI says banks can’t put bad loan recovery in income

08 Nov

The Reserve Bank of India (RBI) has asked banks to stop including writebacks from recoveries of written-off bad loans as part of their income. From th ...

Used car company Spinny is year’s 42nd unicorn, gets $283 mn

08 Nov

Used car retail platform Spinny has become the latest unicorn in the red hot used car segment with a series E round of $283 million funding by the lik ...

Hyundai to invest ₹4,000 cr to plan 6 EVs by 2028

08 Nov

Hyundai Motor India plans to invest about ₹4,000 crore for research and development over the next seven years as it looks to roll out six new electric ...

Reliance Cap’s default to Yes Bank triggered insolvency process

08 Nov

The RBI has cited Reliance Capital’s default to Yes Bank in respect of dues amounting to Rs 1,417 crore as a key default while initiating insolvency p ...

Hiring slows in Nov after pre-festive season rush

08 Nov

Hiring activity paused in November with active job opening staying flat on a month-on-month basis. However, vacancies were up nearly 30% year-on-year. ...

1.8% of total Rs 2,000 banknotes are in circulation

08 Nov

The number of Rs 2,000 currency notes in circulation has decreased to 223.3 crore pieces or 1.75 per cent of total notes in circulation (NIC) in Novem ...

Parliamentary panel recommended for more subsidy & GST cut on EV

07 Nov

A Parliamentary committee has recommended to the government to increase the subsidy on buying of private electric 3- and 4-wheelers as has been done f ...

IndiGo promoters may end long-running dispute

07 Nov

Faced with the prospect of real competition in Indian skies next year when Tatas start running Air India, IndiGo parent company InterGlobe Aviation ma ...

High frequency indicators point to robust economy recovery

07 Nov

Most of the high frequency economic indicators in India have surpassed the pre-pandemic levels, barring three - steel consumption, air traffic and dom ...

Irdai questions price hikes by reinsurers

07 Nov

Concerned over pricing pressures in life and non-life products in the wake of Covid, the Insurance Regulatory and Development Authority of India (Irda ...

Rising costs of inputs to push up truck, bus rates

07 Nov

After cars and SUVs, now trucks and buses will cost 2-2.5% more from January as manufacturers cite a sharp rise in raw material costs, particularly st ...

Govt set on LIC IPO in Q4 despite market woes

07 Nov

The government is moving ahead with its plans to list Life Insurance Corporation (LIC) during the current fiscal despite uncertainties in the wake of ...

RBI expected to hold repo, may hike reverse repo rate

06 Nov

The Reserve Bank of India (RBI) is likely to hold its repo rate (currently 4%) in the forthcoming monetary policy on December 8. However, attention ha ...

Employees chose family over salary in pandemic times

06 Nov

A senior executive in a plum posting at a large organisation in Mumbai wanted to relocate to Bengaluru to be with her family, but her application was ...

Omicron may influence rates of term insurance

06 Nov

The discovery of the new Omicron variant of the coronavirus has delayed stability in the term insurance market. Insurers, who are raising their prices ...

SBI invites bids to sell NPA account of KSK Mahanadi Power

06 Nov

SBI has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with tot ...

Sale bids start for MTNL’s Mumbai, Delhi properties

06 Nov

The government has kick-started the process of selling 20 properties of state-owned MTNL in Mumbai, apart from seeking bids for a 1.4-acre residential ...

With eye on jobs, govt looks to boost startup ecosystem

06 Nov

With government-registered startups reaching 630 districts and their number adding to 56,000, and counting, the Centre has begun looking at ways to bo ...

November services activity’s rise second fastest in a decade

04 Nov

Activity in the country’s crucial services sector rose at its second-fastest pace in over a decade in November on the back of new orders but price pre ...

FM says need global action on payment systems

04 Nov

Finance Minister Nirmala Sitharaman Friday said technology does not respect physical borders and there is a need for global action in developing regul ...

Dominance of PhonePe and GPay wake-up call for banks

04 Nov

Veteran banker Uday Kotak on Friday raised several concerns over the domination of Google Pe and Phone Pe in the payments business. He said that while ...

HC stays DRT orders due to headless appellate body

04 Nov

The Bombay high court on Thursday directed staying Debt Recovery Tribunal (DRT) orders till January 4 next year if litigants deposit 25% of the debt b ...

Gita Gopinath to be IMF’s first Dy. MD

04 Nov

Gita Gopinath, a US national of Indian origin, has been appointed the first deputy managing director of the International Monetary Fund (IMF) in a sur ...

Forex reserves down by $2.713 billion to $637.687 billion

04 Nov

The country's foreign exchange reserves declined by USD 2.713 billion to USD 637.687 billion in the week to November 26, RBI data showed.In the previo ...

Car prices to rise on higher input costs

03 Nov

Cars will get dearer from the new year as companies, ranging from Maruti, Tata Motors to Mercedes and Audi, will increase prices due to higher input c ...

RBI moves NCLT for Reliance Capital insolvency

03 Nov

The RBI has filed an application with the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the Anil Ambani-owned Relian ...

Link PAN to LIC policies for IPO quota

03 Nov

Insurance giant LIC has asked its policyholders who have a demat account to link their income tax PAN with their policies so that they can apply in it ...

Swiggy to invest $700 mn in quick delivery business Instamart

03 Nov

Swiggy, which is in the midst of raising a larger funding round, said on Thursday it will invest $700 million in its express grocery delivery service ...

Lenders of Srei’s 2 fin cos look for group resolution

03 Nov

Creditors to the two finance companies in the Srei Group that are facing bankruptcy action are considering a group approach to the insolvency resoluti ...

L&T, Renew tie up for green hydrogen

03 Nov

Engineering giant Larsen & Toubro (L&T) and clean energy major Renew Power have joined hands for production of green hydrogen, the latest buzz ...

Government plans 4 more strategic selloff deals by March-end

02 Nov

Having finalised two strategic privatisation deals in as many months, the government is looking to clinch at least four more transactions by the end o ...

Manufacturing activity rose at 10-month high in November

02 Nov

Activity in the country’s manufacturing sector rose at its fastest pace in 10 months on the back of rising new orders, led by robust domestic demand a ...

Little-known Chennai company gets $8.5 billion valuation

02 Nov

At a time when startup unicorns are the flavour of the season, a little known Chennai-based company dabbling in clean energy has bagged a valuation of ...

Exports up 27%, but trade deficit reaches record high

02 Nov

India’s trade deficit surged to a record high of $23.3 billion in November as imports of crude oil, coal and gold shot up, negating the near 27% jump ...

Goldman Sachs introduces new employee benefits including leave for miscarriage

02 Nov

Goldman Sachs Group has announced a slew of benefits for its employees, including a 20-day paid leave in case of a miscarriage. The multinational inve ...

Input shortages hit car sales, bikes slow down

02 Nov

The car industry’s wholesale deliveries continue to stay weak in November with not much respite on the semiconductor procurement front. While top comp ...

India has no plans to recognise Bitcoin as currency: Nirmala Sitharaman

30 Nov

The government on Monday informed the Lok Sabha that there was no proposal to recognise Bitcoin, a popular cryptocurrency, as a currency. The governme ...

Elon Musk’s Starlink seeks licence for pilot operations in India

30 Nov

Elon Musk’s Starlink Internet Services has applied for a licence to begin pilot services in its first step towards launching full-fledged operations i ...

LIC gets RBI approval to hike stake in Kotak Bank to 9.9%

30 Nov

Life Insurance Corporation of India has received approval from the RBI to raise its stake in Kotak Mahindra Bank to up to 9.99%, the bank informed the ...

After Air India, govt okays sale of Central Electronics for Rs 210 crore

30 Nov

The Centre on Tuesday announced the sale of state-run Central Electronics Ltd to Nandal Finance and Leasing for Rs 210 crore, the second privatisation ...

Twitter missed out on tech peers' stock rally during Jack Dorsey’s era

30 Nov

Jack Dorsey’s era running Twitter Inc. spanned one of the biggest rallies for US technology stocks. Twitter missed out on most of it.A 75% gain for th ...

Parag Agrawal to take over as Twitter CEO

30 Nov

Parag Agrawal, 37, was named on Monday to succeed co-founder Jack Dorsey after a four-year stint as CTO, a role where he oversaw Twitter's pursuit of ...

Data breach: ‘Make independent and non-executive directors liable'

29 Nov

Independent directors and non-executive directors on board a top social media, internet or electronics hardware company should also face legal and cri ...

Jio joins Voda Idea & Airtel in raising tariffs

29 Nov

After Bharti Airtel and Vodafone Idea, India's largest mobile operator Reliance Jio on Sunday announced up to 21 per cent hike in its prepaid tariffs ...

Singapore crypto market enters India despite pending curbs

29 Nov

Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the government is preparing legislation to effectivel ...

Fintech startup Slice 41st unicorn in ’21, raises $220mn

29 Nov

Fintech startup Slice, which targets millennials with credit cards, has become India’s 41st unicorn in 2021.Slice has raised $220 million in a series- ...

Loss due to conservative accounting: Paytm

29 Nov

Paytm founder & CEO Vijay Shekhar Sharma has said that One97 Communications’s (Paytm’s parent’s) losses were due to conservative accounting, which ...

Accor re-hires third of 1,500 laid off employees

29 Nov

After a strong recovery since the second wave of Covid, French hospitality major Accor Group says it has started re-hiring employees laid off during t ...

Tax benefits planned for overseas listing

27 Nov

The finance ministry is ready to offer tax benefits for direct listing of shares overseas as well as for settlement of bonds, which are part of global ...

Set up disaster fund for eco loss due to natural calamities

27 Nov

A report by State Bank of India has called for a ‘National Disaster Pool’ to make good the economic loss arising out of natural calamities, which are ...

RBI fines SBI & 2 payment system operators

27 Nov

The RBI has imposed a Rs 1-crore penalty on SBI for contravention of the Banking Regulation Act and holding shares in borrower companies exceeding 30% ...

Crude oil prices drop to two-month lows after COVID

27 Nov

Oil prices dived more than 5% on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surpl ...

Tata in talks to set up $300 million chip unit

27 Nov

Tata group is in talks with three States to invest up to $300 million to set up a semiconductor assembly and test unit, two sources familiar with the ...

RBI keeps big business houses out of banking

27 Nov

Reserve Bank of India has not accepted a proposal to consider large corporates or industrial houses for a banking licence.It has however allowed promo ...

Data protection panel against hefty penalties on tech giants

25 Nov

In what may spell relief for global technology giants such as Facebook, Instagram, Google, Amazon and Apple, the joint Parliamentary panel on personal ...

Crypto bill leads to panic sale, 20% crash

25 Nov

Indian crypto investors resorted to panic selling after the government listed a bill on Tuesday night seeking to ban private cryptocurrencies, while a ...

India, US finalise deal on digital service tax

25 Nov

A day after the conclusion of the India-US Trade Policy Forum meeting, the two countries decided on a "transitional approach" to digital service tax i ...

Niti Aayog paper moots full-stack digital banks

25 Nov

A discussion paper unveiled by government think-tank Niti Aayog has floated the idea of full-stack digital banks to deepen banking services and bridge ...

Star Health Insurance IPO to open on Nov 30, looks to raise Rs. 7k cr

25 Nov

Star Health and Allied Insurance Company on Wednesday said it has fixed a price band of Rs 870-900 a share for its Rs 7,249-crore initial public offer ...

For first time, India’s fertility rate below replacement level

25 Nov

India’s population is set to fall as its total fertility rate (TFR) or the average number of children born to a woman over her lifetime has dropped be ...

Govt lists bill in winter session to ban all private cryptocurrency

24 Nov

The government on Tuesday listed the Cryptocurrency and Regulation of Official Digital Currency Bill for introduction during the winter session of Par ...

Govt eyes annual spectrum auctions, real-time trading

24 Nov

In what would be a major reform for the telecom sector, the government has started work on having annual auction of spectrum to ensure that the indust ...

India, US move to narrow trust deficit on trade front

24 Nov

Following years of trust deficit on trade issues, the US on Tuesday agreed to ease rules for the export of mangoes and pomegranates in return for Indi ...

Future Retail employees ask SC to allow asset sale to Reliance Retail

24 Nov

Employees of debt-ridden Future Retail (FRL), the parent of supermarket chain, Big Bazaar, have asked the Supreme Court to clear the company’s asset s ...

Govt pursuing loan default cases to recover money

24 Nov

Union finance minister Nirmala Sitharaman on Tuesday said all the money taken away from the banks will be taken back as the government is actively pur ...

Transport minister wants the car industry to give benefit of 1.5L for scrapping old cars

24 Nov

Transport minister Nitin Gadkari wants the car industry to offer benefit worth Rs 1-1.5 lakh to every individual who has scrapped an old polluting veh ...

PMC retail investors have to wait for 10 years to get full money back

23 Nov

All retail depositors with more than Rs 15 lakh in the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank will have to wait for 10 years to get al ...

Paytm crashes on Day 2 too, down 37% since IPO

23 Nov

Shares of Paytm fell by 13% on its second trading day, after crashing 27% during their Thursday debut on the stock exchanges. The shares closed at Rs ...

Tatas to set up Rs 3,000 crore solar plant in Tamil Nadu

23 Nov

Tata Group’s solar power arm is in final stages of negotiations with the Tamil Nadu government as it plans to set up a 4GW integrated solar photovolta ...

NCLAT stays Competition Commission's Rs 200 cr penalty on Maruti Suzuki

23 Nov

Appellate tribunal NCLAT on Monday stayed the Rs 200 crore penalty imposed by the Competition Commission on Maruti Suzuki but directed the car maker t ...

India, US vow to boost trade ties, focus on supply chain

23 Nov

India and the US on Monday vowed to improve their trade ties and "take it to the next level" with closer partnership on supply chains flagged as a key ...

Smartwatches grow 400% YoY in September quarter

23 Nov

Smartwatches are fast replacing conventional watches as an essential device with record shipments of 4.3 million pieces in the July-September period — ...

No exception from ownership norms for PSBs on selloff list

22 Nov

The Reserve Bank of India (RBI) is unlikely to make an exception for ownership changes to privatise state-run banks. Instead, it will issue comprehens ...

Niva Bupa eyes Rs 5,000 crore in premium within 2 years

22 Nov

True North-owned Niva Bupa Health Insurance has advanced its goal of achieving a premium income of Rs 5,000 crore by a year to FY24, following a picku ...

Developed nations want to expand WTO agenda

22 Nov

In the run-up to the WTO ministerial meeting later this month, developed countries led by the European Union and the US are seeking to expand the issu ...

Paytm business picks up after 2nd wave

22 Nov

Paytm on Sunday released its business figures for the quarter ended September 2021, where it said that loans have doubled from the preceding three mon ...

Revenue secy says that govt to exceed tax collection target in FY22

22 Nov

With the net direct tax collection till October closing in on Rs 6 lakh crore and average monthly GST mop-up likely around Rs 1.15 lakh crore this fis ...

SBI yet to refund Rs 164 crore charged as UPI fees before 2020 to Jan Dhan a/cs

22 Nov

State Bank of India (SBI) is yet to refund an estimated Rs 164 crore charged to PM Jan Dhan Yojana (JDY) account holders for transactions between Apri ...

Paytm’s 27% crash on debut worst among IPOs over Rs 1k cr

19 Nov

The much-anticipated listing of Paytm, which had raised Rs 18,300 crore in India’s biggest IPO, ended on a bitter note with the stock crashing 27% fro ...

Paytm's long term performance can't be predicted based on Day 1 show

19 Nov

It has been a rollercoaster day for Paytm founder Vijay Shekhar Sharma from the high of concluding the country’s largest IPO with a listing followed b ...

PM urges to support ‘wealth, job creators'

19 Nov

Prime Minister Narendra Modi made a strong pitch to state-run banks on Thursday to lend for “building the country’s balance sheet”, saying the time ha ...

India asks WTO to reassess way of functioning

19 Nov

India on Thursday called for a reassessment of the way the World Trade Organisation (WTO) was conducting its affairs, with commerce and industry minis ...

More Indians turn angels in startup funding boom

19 Nov

With more capital flowing in, startups being launched and lucrative exits, the profile of an Indian angel investor is changing. It’s no longer just se ...

RBI proposes new law to regulate digital lending

19 Nov

The Reserve Bank of India (RBI) has proposed new norms and asked the government to frame a new legislation to curb illegal digital lending in the coun ...

FM wants corporate India to invest, promises to remove hurdles

18 Nov

Arguing that the economy is back on track and state-run banks have “remarkably turned around”, finance minister Nirmala Sitharaman made an impassioned ...

Anil Agarwal to split metals, oil business from Vedanta

18 Nov

Metals tycoon Anil Agarwal plans to separate the aluminium, oil & gas and iron & steel businesses from Vedanta to form three separate entities ...

Government eyeing 5-6 selloffs this fiscal: Dipam secretary

18 Nov

The Centre is confident of completing privatisation of 5 to 6 state-run enterprises in the current fiscal year and is aiming to hand over Air India (A ...

Akasa orders CFM engines worth $4.5 billion for its 72 Boeing 737 Max

18 Nov

Billionaire investor Rakesh Jhunjhunwala-promoted upcoming Akasa Air has ordered CFM's LEAP-1B engines valued at $4.5 billion at list price for the 72 ...

India seeks duty free access for leather goods

18 Nov

Commerce and industry minister Piyush Goyal on Wednesday said that India is pitching for duty free market access for leather goods in countries such a ...

Hotmail’s founder Bhatia starts video job net

18 Nov

Sabeer Bhatia has perhaps lived through one of the biggest accomplishments that any Indiaborn techpreneur can dream of in terms of scoring global succ ...

Government looks to boost private investment, ease bottlenecks

13 Nov

Amid signs of economic recovery, the government is set to hold consultations with states and bankers next week to look at ways to kickstart private in ...

Johnson & Johnson to Split Into 2 for Faster Growth

13 Nov

Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker.The company said ...

Retail inflation up at 4.5% in Oct but IIP lower in Sept

13 Nov

Retail inflation inched up marginally in October led by fuel, light and some food prices, while industrial output growth slowed to a seven-month low i ...

Passenger Vehicles dispatches drop 27% in Oct on chip shortage

13 Nov

Passenger vehicle wholesale dispatches declined by 27% in October (year-on year) with the semiconductor shortage hitting production of companies in th ...

FM Sitharaman to meet CMs, state FMs for boosting private investment

13 Nov

Union Finance Minister Nirmala Sitharaman will on Monday meet chief ministers and state finance ministers to discuss measures to attract private inves ...

$9.2 billion worth of goods were sold online during the Festive Sales in 2021

13 Nov

Recent figures released by homegrown consulting firm RedSeer indicate that 2021 saw India witness its biggest ever Festive Sales with brands clocking ...

IndiGo CEO syas air travel seeing swift recovery

12 Nov

India is witnessing a swift recovery in domestic air travel as the pandemic subsides. The country’s biggest airline IndiGo is now operating more domes ...

Skoda plans to make electric cars in India

12 Nov

Skoda Auto, which has been given charge of leading the Rs 8,000-crore India investments by European auto major Volkswagen, plans to manufacture electr ...

Government plans 5G sale in early next fiscal

12 Nov

After unleashing a mega reform-cum-bailout package for the telecom sector in September, the telecom department is finally taking decisive steps for a ...

India rejects 'weak' WTO fishery text, sees bias towards developed nations

12 Nov

India has rejected the latest draft text on fishery floated by the World Trade Organization (WTO) this week, saying it is imbalanced, weak and unfair, ...

Digitalisation doubled banking complaints in 2 years

12 Nov

The Reserve Bank of India’s ‘One Nation, One Ombudsman’ scheme is part of its strategy to address customer complaints, which have doubled in the wake ...

Timex says India fastest-growing market for fashion watches

12 Nov

India has become the fastest-growing market for watches bought by young consumers who use them as fashion accessories, said Tobias Reiss-Schmidt, pres ...

Tax cuts on fuel improve inflation outlook: RBI governor

11 Nov

Reserve Bank of India governor Shaktikanta Das on Wednesday said that the tax cuts on fuel were a positive development and would help the central bank ...

Paytm IPO closes with 2x subscription

11 Nov

The Rs 18,300-crore IPO for One97 Communications, the parent of Paytm, was subscribed nearly twice the offer size when it closed on Wednesday. While t ...

Investment cycle set to kick-start

11 Nov

Armed with necessary macro and micro growth drivers, the stage is set for India’s investment cycle to kick-start and catalyse its recovery towards bec ...

Cannot write off small cars despite SUV surge, says Maruti Suzuki

11 Nov

Maruti Suzuki, the leader of small cars and India’s biggest passenger vehicles seller, has dismissed suggestions that small cars are on their way out, ...

Monthly SIP collections hit an all-time high of ₹10,518 cr in October

11 Nov

The average assets under management (AUMs) and the net AUMs for Indian mutual fund industry have risen to a record high levels at ₹38.21 lakh crore, a ...

Nykaa’s dream debut: Founder now India’s richest self-made bizwoman

11 Nov

"I was always looking to have an idea that was ahead of its time so that I get a chance to build on that before the Tatas, Birlas and Ambanis identify ...

New norms to ease fund flow for disputed projects

10 Nov

In a boost for the construction sector, the finance ministry has issued new norms that will help facilitate release of funds of projects where arbitra ...

ITC Hotels signs first management contract in Udaipur under its Mementos brand

10 Nov

ITC Hotels has signed its first property in Udaipur under its Mementos by ITC Hotels brand. Mementos, the company's luxury brand, has signed Ekaaya, U ...

RBI lifts restrictions on Diners Club, allows on boarding of fresh customers

10 Nov

The Reserve Bank of India (RBI) on Tuesday lifted its restrictions on credit card issuer Diners Club International, allowing it to onboard fresh custo ...

General Electric to break up into 3 companies to simplify business

10 Nov

General Electric (GE) said on Tuesday it would split into three public companies as the storied US industrial conglomerate seeks to simplify its busin ...

Mahindra & Mahindra open to PE funding for EVs

10 Nov

Once a maker of fuel-guzzling diesel vehicles, Mahindra & Mahindra is changing course and taking a bold bet on greens. The company will launch eig ...

Yes Bank plans legal action on police order

10 Nov

Yes Bank is understood to be planning legal action against the Gautam Buddh Nagar police order disallowing the private lender from dealing with or exe ...

Shorter trade cycle in select stocks to kick off from Feb 25

09 Nov

The Indian stock market is finally moving to a shorter trading and settlement cycle from February 25 next year as the exchanges have decided to adopt ...

Shareholder meet of Future put on hold

09 Nov

The National Company Law Tribunal (NCLT) on Monday temporarily put on hold Future Retail’s (FRL’s) shareholder meeting for its proposed sale of assets ...

Don’t exercise DishTV stock rights: Cops to Yes Bank

09 Nov

In a setback to Yes Bank’s move to oust DishTV’s management, the Gautam Buddh Nagar police in UP has issued a notice to the lender, asking it not to d ...

Paytm’s Rs 18.3k cr IPO sees 18% subscription on day 1

09 Nov

The Rs 18,300-crore initial public offering (IPO) for tech-enabled payments system pioneer One97 Communications, which operates under the Paytm brand, ...

Business correspondents overcharge PSU banks

09 Nov

A study published by the State Bank of India (SBI) has said that business correspondents, who are channels for most Jan Dhan account transactions, are ...

Police, RTO add to India’s logistics costs

09 Nov

Gujarat has topped the ranking of states on ease of logistics, and was followed by Haryana and Punjab, but frequent stoppages by police and transport ...

Common Service Centre eyes IPO

08 Nov

It calls itself a government-promoted company not many are aware of, and generates roughly over Rs 6,000 crore worth of financial transactions every m ...

Adani targets food staples business for expansion

08 Nov

Billionaire industrialist Gautam Adani will be pouring more resources into acquisitions as he doubles down on his bet on the food staples business. He ...

CCI requested to revoke approval to Future’s deal with Amazon

08 Nov

Independent directors at Future Retail (FRL) have written to the Competition Commission of India (CCI) urging the antitrust watchdog to revoke the app ...

Printing cash short-term solution: Kotak

08 Nov

Veteran banker Uday Kotak has said that central banks printing money for long can be harmful. Kotak, who had six months ago called upon the RBI to exp ...

Tatas to take over, operate Air India by Jan 23, 2022

08 Nov

The countdown for founder Tata Group re-acquiring Air India 68 years after the Maharaja was nationalised has begun. They have to take control and star ...

India's informal economy more than halved

08 Nov

The Reserve Bank of India’s digital payments index also captures the spread of digital, taking into account growth in the payments infrastructure. Of ...

RBI governor asks banks not to let down the RBI

03 Nov

RBI governor Shaktikanta Das on Tuesday met with bank chiefs and asked them to remain vigilant to any emerging signs of vulnerabilities and take timel ...

Uday Kotak says ILFS on track for 62% recovery

03 Nov

The IL&FS board expects to resolve around Rs 57,000 crore of the Rs 99,000 crore total debt inherited by the directors by March 2022. Overall the ...

Mood upbeat across companies, retailers on Dhanteras

03 Nov

After a tumultuous post-Covid period and an unprecedented year-and-a-half since the outbreak of the deadly virus, Dhanteras saw consumers return to th ...

No HC relief for Tatas on use of their trademark as crypto coin

03 Nov

Bitcoin may be a household name today, but there are various types of cryptocurrencies that exist. Ever heard of a cryptocurrency bearing the trademar ...

More bankers express concern over ex-SBI chairman's arrest

03 Nov

The Indian Banks’ Association (IBA) on Wednesday sought an appointment with Rajasthan Chief Minister Ashok Gehlot and wrote to the chief secretary of ...

Ola reports first-ever operating profit of Rs 89.8 Cr for FY21

03 Nov

Ride-hailing unicorn Ola has reported its first-ever standalone operating profit of Rs 89.82 crore for FY2020-21 driven by cuts in operational expendi ...

Bankers question arrest of ex-SBI chairman Chaudhuri

02 Nov

Bankers have come out in support of Pratip C Chaudhuri, the former SBI chairman, and have questioned the way he was arrested in a case involving Alche ...

Manufacturing activity grows fastest in 8 months on high demand

02 Nov

Activity in the country’s manufacturing sector rose at its fastest pace in eight months in October on the back of new orders as demand improved and th ...

Centre asks ONGC to give 60% stake in Mumbai High to foreign firms

02 Nov

The petroleum ministry has told ONGC to give away 60% stake plus operating control in India's largest oil and gas producing fields of Mumbai High and ...

I-T department rolls out new annual info statement; taxpayers can give feedback

02 Nov

The income tax (IT) department has rolled out the new annual information statement (AIS) on the compliance portal, which provides a comprehensive view ...

Chip shortage hits October auto dispatches

02 Nov

Waiting periods running into several months, production cuts and near-negligible discounts mark the festive season as semiconductor shortages have see ...

UPI transactions over $100bn in Oct

02 Nov

UPI transactions value touched $103 billion (over Rs 7.7 lakh crore) in October, driven by both online and offline digital shopping in the festive sea ...

Value of FPI stake in Indian companies at record Rs. 55 lakh crore

01 Nov

The total value of investments by foreign portfolio investors (FPIs) in India crossed the Rs 50-lakh-crore mark as of September this year, although th ...

Diageo India to focus only on premium drinks now

01 Nov

Hina Nagarajan, the MD and CEO of Diageo India, said the company will focus completely on its premium and luxury products. The move comes at a time wh ...

Job vacancies rise to 20-month high

01 Nov

In a boost to hiring sentiment, October 2021 has emerged as the strongest month with active white-collar job openings crossing the 3-lakh mark for the ...

Banks with 95% cards implement RBI order on recurring payments

01 Nov

A month after the RBI’s fresh rules on mandates for recurring card payments kicked in, banks accounting for over 95% of credit cards in the market are ...

Finmin issues uniform bank staff norms for accountability

01 Nov

In an attempt to protect the people taking bona fide business decisions, the finance ministry has issued a uniform staff accountability framework for ...

Air India's Rs 5,000 crore unpaid fuel bills weigh on oil companies amid costlier crude

01 Nov

Air India’s unpaid fuel bills of about Rs 5,000 crore is weighing on fuel retailers who need extra cash for buying more dollars to pay for costlier cr ...

Adani buys 20% in Cleartrip in bid to boost superapp

30 Nov

Billionaire Gautam Adani will acquire a “significant minority stake” in online travel and hotel booking firm Cleartrip — which had been acquired earli ...

IRCTC regains after govt drops call to share fees

30 Nov

The uproar on Dalal Street against the railway ministry’s decision to have a 50% share of the convenience fee that IRCTC charges its ticket booking cu ...

Godrej Group’s plan to split moves to next stage

30 Nov

A process of restructuring that the 124-year-old, $4-billion Godrej Group initiated a few years ago is said to have progressed and is likely to see an ...

Govt's vaccine expenditure set to be around 50,000 cr

30 Nov

The Centre's vaccine spend is set to top Rs 50,000 crore, significantly higher than the budget estimate of Rs 35,000 crore, but is unlikely to put pre ...

Centre's fiscal deficit touches 35% of annual target at H1-end

30 Nov

The government's fiscal deficit has worked out to be Rs 5.26 lakh crore or 35 per cent of the budget estimates at the end of September 2021, as per th ...

RBI eases rules for small business in current a/cs

30 Nov

The Reserve Bank of India (RBI) has partially rolled back some of the stringent norms barring banks from opening current accounts for borrowers toward ...

Invesco challenges Bombay High Court order in ZEE EGM issue

29 Nov

Invesco, the largest shareholder in Zee Entertainment Enterprises (ZEE), has approached a division bench of the Bombay High Court, challenging the inj ...

AU Small Finance Bank Q2 profit goes up by 42% to Rs 279 cr.

29 Nov

AU Small Finance Bank on Thursday reported 13 per cent decline in net profit at Rs 279 crore for September quarter 2021-22 due to rise in bad loans. T ...

Nykaa IPO fully subscribed on day 1

29 Nov

The Rs 5,352-crore initial public offer (IPO) for FSN E-Commerce Ventures, the company that operates under the Nykaa brand name, was fully subscribed ...

Low-cost airlines domain getting crowded: IndiGo CEO

29 Nov

"The low-cost space is getting crowded," feels Ronojoy Dutta, the CEO of India's largest low-cost carrier (LCC) IndiGo, as Rakesh Jhunjhunwala's Akasa ...

Govt to take 50% of convenience fee from IRCTC

29 Nov

The railways ministry sent a shocker to Dalal Street during Thursday’s post-market hours after IRCTC, one of the most favoured stocks among investors ...

Share market to raise Rs 31,000 crore from plenty of IPOs in 2 weeks

29 Nov

The Indian capital market is set to witness one of the busiest fortnights in its history as six companies have lined up to together raise about Rs 31, ...

Policybazaar's Rs 5,710cr IPO gives company valuation of $6bn

28 Nov

PB Fintech, the holding company for online insurance distributor Policybazaar and loan comparison portal Paisabazaar, has fixed a price band of Rs 940 ...

Indians paid Rs 9,700 crore in hidden forex fees

28 Nov

Indians paid nearly Rs 9,700 crore in the form of fees hidden in inflated exchange rates while making remittances in 2020. This is more than a third ( ...

Reliance Brands JV bags rights of Lee Cooper

28 Nov

Iconix Lifestyle India, a joint venture (JV) between Reliance Brands and the Iconix Brand Group, has acquired the intellectual property rights of Brit ...

Paytm IPO opens on 8th, Swiss Re invests in non-life business

28 Nov

The Rs 18,300-crore mega IPO of Paytm’s parent One97 Communications will open on November 8 and close on the 10th. The company cleared the last hurdle ...

RBI: All micro loans must be collateral-free

28 Nov

The RBI has said it proposes to make micro-lending collateral-free, not just for microfinance institutions (MFIs) but for all lenders. This follows no ...

Maruti hopes to sell 1 lakh EV cars per annum when launched

28 Nov

At a time when Tata Motors has recorded electric vehicle sales of over 1,000 units a month, Maruti chairman R C Bhargava has said that "volumes in hun ...

Paytm to hike IPO size to Rs 18,300 crore

27 Nov

Digital financial services firm Paytm will increase its initial public offer size to Rs 18,300 with company's biggest shareholder Alibaba group firm A ...

IRB raises 5k cr from Spain's Ferrovial, GIC

27 Nov

In one of the largest funding rounds in the road infra sector of the country, IRB Infrastructure Developers is raising Rs 5,347 crore from two large g ...

Relief for Zee as HC stays EGM demand

27 Nov

The Bombay high court on Tuesday gave Zee Entertainment Enterprises a major relief in its 45-day feud with Invesco, its largest shareholder, as it res ...

Union Bank home loans at lowest ever 6.4% rate

27 Nov

Union Bank of India on Tuesday announced a reduction in its home loan interest rates, which will now start from 6.4% - the lowest rate in the industry ...

Audi explores assembly of EVs, seeks policy certainty

27 Nov

German luxury maker Audi has started exploratory work to assemble electric cars in India but said that high tax rates and policy uncertainty remain th ...

Growth in energy demand declined steeply in September due to low coal availability

27 Nov

The growth in energy demand declined steeply in September due to lower power generation in the wake of coal shortages, a report said. India Ratings an ...

RBI governer asks statutory auditors to improve quality of audit

26 Nov

Reserve Bank of India (RBI) governor on October 25 said that statutory auditors need to improve quality and depth of audit and listed a number of irre ...

Bharti Airtel opts for 4-year moratorium on AGR dues payment

26 Nov

Bharti Airtel said that the company has decided to avail the option of deferment of the payment of spectrum auction instalments due upto four years.It ...

Govt. enters into Share Purchase Agreement with Tata for Air India's divestment

26 Nov

The government on October 25 signed the share purchase agreement (SPA) with Tata Group for Air India's divestment, sticking to the timelines that aim ...

Govt. launches 'green energy day ahead' trading from renewable resources

26 Nov

India on October 25 formally launched day-ahead trading of electricity from renewable sources in a move towards mainstreaming of green energy as the c ...

FM pushes Deptts. and PSUs to meet FY22 capital expenditure targets

26 Nov

Finance minister Nirmala Sitharaman on October 25 began a fresh exercise to assess the capital expenditure plans of government departments and public ...

Car discounts shrink by more than 50% since 2019

26 Nov

Discounts and benefits on buying a car are at a 3-year low with as many as 28 models out of a total of 88 not attracting any schemes whatsoever in 202 ...

NBFCs face tighter norms on capital, lending & bad loans

23 Nov

The Reserve Bank of India (RBI) on Friday announced a revised regulatory framework for non-banking finance companies (NBFCs), which tightens norms on ...

Paytm gets Sebi nod for Rs 16,600cr IPO

23 Nov

Markets regulator Sebi has cleared the Rs 16,600-crore initial public offer of One97 Communications, the parent company of Paytm. This would make the ...

RIL Q2 Net Profit rises 46% on oil, digital retail business

23 Nov

Mukesh Ambani-led Reliance Industries (RIL) reported a 46% jump in its second-quarter net profits to Rs 15,479 crore, led by oil and chemicals (O2C) b ...

Zee MD says refusing merger plan annoyed Invesco

23 Nov

Zee Entertainment MD Punit Goenka has alleged that the company’s largest investor Invesco’s move to remove him from the board is to “teach me a lesson ...

Chip crunch to hit Renault 2021 production harder than forecast

23 Nov

During a presentation to analysts, Renault Chief Financial Officer Clotlide Delbos said the carmaker's visibility on the chip shortage in the fourth q ...

Piyush Goyal says there are international non-tariff barriers to be addressed

23 Nov

Non-tariff barriers to trade are restrictive practices which create impediments in smooth flow of imports and exports."Trade today requires a lot of s ...

Critical shortage of chips hits life-saving medtech devices

22 Nov

The severe shortage of semiconductor chips is now going to hit where it hurts — critical life-saving devices and the medtech industry. The growing unc ...

Google to halve app subscription fee to 15%

22 Nov

Google is slashing the fees it takes from subscription services on its app store following pressure from developers and lawmakers. From Janaury 1, the ...

SIAC rejects Future’s plea to allow RIL deal

22 Nov

In a double win for Amazon, the Singapore International Arbitration Centre (SIAC) has rejected Future Retail’s plea to lift the interim stay on its Rs ...

SEBI warns financial advisers against dealing in e-gold

22 Nov

Sebi has warned investment advisers from helping clients invest in digital gold instruments since these are not regulated by it. In early August this ...

CarDekho becomes Jaipur’s first unicorn

22 Nov

CarDekho, a used car selling platform, has announced a $250-million round of funding, including $200 million Series E equity and $50 million debt, in ...

SAP India’s growth beats most markets

22 Nov

SAP has said that its India business is growing better than most markets, helped by a wide spread of customers — both large and small — who are lookin ...

Tatas to shift ready-to-eat business to Tata Consumer

21 Nov

The closely held Tata Industries is set to transfer its ready-to-eat meal business (sold under Tata Q brand) to the publicly listed Tata Consumer Prod ...

Investment banks receive decade-high fees of $611mn on IPO & M&A

21 Nov

The IPO frenzy and M&A wave are minting money for Deal Street.Fees earned by big investment banks and boutique advisory firms in India rose to $61 ...

PM says vaccination rate will assure boost tourism

21 Nov

With India expected to cross the crucial 100-crore vaccination mark, Prime Minister Narendra Modi has linked getting the Covid jabs to overall recover ...

Vodafone Idea board avails moratorium

21 Nov

Vodafone Idea on Wednesday said its board has approved availing the four-year spectrum-payment moratorium being offered by the government as part of i ...

IMF India’s ex-chief says, maintain existing taxes on fuel

21 Nov

The recovery in investment and consumption is expected to continue as reflected in the momentum of high frequency indicators. The pick-up in vaccinati ...

Prime Minister wants oil majors to invest in India

21 Nov

As high oil, gas and coal prices threaten the nascent global economic recovery, PM Narendra Modi on Wednesday invited global majors to become partners ...

Bad loans to rise up to 150bps in FY22

20 Nov

Non-performing assets (NPAs) of banks are likely to rise to 8-9% in FY22 from 7.5% as of March 2021, driven by defaults in the retail and small busine ...

HUL’s Q2 profit rises 9% amid high inflation

20 Nov

FMCG bellwether Hindustan Unilever (HUL) posted 9% growth in standalone net profit of Rs 2,187 crore in the second quarter ended September 30 as compa ...

Google’s new Pixel, Android fuel iPhone competition

20 Nov

Google launched the latest Pixel smartphones on Tuesday, betting on its first custom-designed system processor and a new version of the Android operat ...

Stiff cashout penalties may lead to shutdowns, ATM companies tell RBI

20 Nov

The ATM industry has made a representation to the Reserve Bank of India (RBI), seeking a retraction of the Rs 10,000 penalty for cashout at any machin ...

Challenges abound as Tata has to refurbish Air India planes

20 Nov

Tata Sons' $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and ...

Adani group commits 70% capex on energy transition

20 Nov

Port-to-energy conglomerate Adani Group will invest over USD 50-70 billion in renewable energy value chain over the next decade and the group firms ha ...

FM, RBI keen to continue growth

19 Nov

The finance ministry and the Reserve Bank of India (RBI) are on the same page on the issue of continuing pandemic-era stimulus.Finance minister Nirmal ...

Indian startups raise record $11bn in 3 months

19 Nov

Indian startups haven’t had it so good in a long time. They raised nearly $11 billion in the July-September quarter, twice the money that they got dur ...

China's economy disturbed due to power crunch

19 Nov

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in ...

Retail, hospitality keep job market on growth path

19 Nov

The onset of festive season, declining Covid cases and continued digitisation-led growth in tech industry saw the white-collar job market expand by ov ...

SBI: Interest rate on small savings scheme higher than PPF, NSC

19 Nov

By holding small savings rates steady for six quarters, the government is paying between 47 and 178 basis points (100 basis points equal a percentage ...

Delhi company gets ‘Eco Oscar’ for clean-air technology

19 Nov

Delhi-based Takachar is one among five winners of the first-ever Earthshot Prize, also called “Eco Oscar”, instituted by Prince William to reward inno ...

HDFC Bank’s restructured loans rise to 1.7%, NPAs decline

18 Nov

HDFC Bank has reported a significant increase in restructured loans under the Covid relief scheme. Analysts are concerned that a large chunk of these ...

Mr. Delaporte turns around Wipro as stock rally 70% since appointment

18 Nov

In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore h ...

Saroj Poddar to create Zuari holding company for agriculture

18 Nov

Saroj Poddar-controlled Adventz Group will implement a structure in which the publicly listed Zuari Agro Chemicals will become the holding company of ...

Govt may check import of key sanitiser ingredient

18 Nov

India’s trade remedies directorate has recommended the use of safeguard measures for two years on a key ingredient used in making hand sanitisers and ...

Opportunities are in plenty in India: FM to US CEOs

18 Nov

Opportunities are galore in India for all investors and industry stakeholders with the current reset in the global supply chain and clear-headed and c ...

Six Senses eyes 6 luxury resorts in a decade: CEO

18 Nov

Hospitality major Inter-Continental Hotels Group’s (IHG) wellness and sustainability brand Six Senses — which is making its foray in the Indian market ...

Top 4 IT companies recruit 1 lakh employees in April-September

16 Nov

India’s 4 greatest IT corporations — TCS, Infosys, Wipro and HCL — have seen their mixed worker energy rise by over 1 lakh within the first six months ...

Bankers see risk in chase for commercial papers

16 Nov

Availability of cheap funds in the money markets through commercial papers is prompting financial intermediaries to arbitrage and chase higher returns ...

Reliance Brands buys 40% stake in designer Manish Malhotra’s MM Styles

16 Nov

Reliance Brands Ltd (RBL), part of Mukesh Ambani-led Reliance Industries Ltd, acquired 40 per cent stake in famous designer Manish Malhotra's MM Style ...

Irdai moots premium hike for rebuilding in disaster areas

16 Nov

The insurance regulator has mooted the introduction of a differential premium for insured properties that are rebuilt on sensitive terrain after a nat ...

US pips China as India’s largest trading partner

16 Nov

The US has overtaken China as India’s largest trading partner, thanks to faster growth during the first nine months of 2021.Data collated by the comme ...

PE investment in real estate up 24% YoY in July-Sept at Rs 3,500 cr

16 Nov

Private equity investment in real estate rose 24 per cent year-on-year to USD 477 million (about Rs 3,500 crore) during the July-September 2021 period ...

RIL says it was in talks to merge media business with Zee

14 Nov

Reliance Industries (RIL) said on Wednesday it had shown interest to merge its media business with Zee Entertainment Enterprises but dropped the plan ...

Tata-owned Air India to be formidable competition: IndiGo CEO

14 Nov

Air India, under the Tata Group, is all set to improve the service standards at Indian airlines and India’s largest carrier in terms of market share - ...

Infosys, Wipro’s revenues zoom over 20% in quarter 2

14 Nov

Infosys and Wipro had a stellar second quarter, sending their share prices in morning trade on the New York Stock Exchange (NYSE) soaring. Infosys’s r ...

Due to chip shortage smartphone prices are hiked

14 Nov

Global supply chain constraints and shortage of chips and other electronic components is weighing heavily on consumers’ pockets this festive season.Ev ...

3 PSU non-life insurers start reducing branches

14 Nov

Public sector non-life insurance companies have begun a restructuring exercise of shrinking their branch network in a bid to reduce costs and improve ...

Dish TV board rejects Yes Bank’s request for EGM

14 Nov

Dish TV India’s board on Wednesday expressed its inability to convene an extraordinary general meeting (AGM) as requisitioned by Yes Bank, citing vari ...

Tata Motors to raise $1bn from Private Equity investors for 15% in EV business

13 Nov

Tata Motors will raise Rs 7,500 crore ($1 billion) from a foreign private equity group by selling up to 15% in its nascent domestic passenger electric ...

RIL invests in German company, 3rd solar deal within 3 days

13 Nov

Reliance Industries (RIL) will invest in Germany’s NexWafe for 25 million euros (Rs 217 crore), marking its third deal in clean energy. A couple of da ...

Retail Inflation Eases To 5-month Low Of 4.35 % In September

13 Nov

Retail inflation declined to 4.35 per cent in September, mainly due to lower food prices, according to government data released on Tuesday.The Consume ...

Invesco proposed merger with large Indian group in Feb 2021: ZEE

13 Nov

Amidst the ongoing battle between ZEEL and Invesco, Zee Entertainment Enterprises Limited stated on Tuesday that Aroon Balani and Bhavtosh Vajpayee, r ...

Centrum and BharatPe Get Small Finance Bank License

13 Nov

Four months after the RBI gave in-principle approval to Centrum Financial Services to float a small finance bank (SFB), the RBI has granted the SFB li ...

RBI bars CA firm for 2 years on failure to comply with RBI directions

13 Nov

The RBI has debarred the chartered accountancy firm of Haribhakti & Co from undertaking any audit assignments in any entity regulated by the centr ...

Companies offer childcare with hybrid office

12 Nov

As hybrid emerges as a prevalent method of returning to work, several organisations are adopting an integrated approach to childcare benefits as well. ...

Zostel to Sebi: Suspend Oyo’s $1.2bn IPO

12 Nov

Zostel Hospitality, parent of Zostel Hostels and Zo Rooms, has written to markets regulator Sebi, urging it to suspend Oyo’s $1.2-billion proposed IPO ...

Zee’s deal with Sony may enrich Chandras: Invesco

12 Nov

While it has welcomed a deal between Zee Entertainment Enterprises and Sony Pictures Networks, the former’s largest shareholder Invesco has opposed an ...

Rupee drops below 75 on rising crude oil, bond yields surge

12 Nov

The rupee breached the 75 level to close 37 paise lower against the dollar at 75.36 on Monday on high crude prices. The higher price of dollar and oil ...

Report of FM: Indian economy on path to swift recovery

12 Nov

Strategic reforms and the rapid vaccination drive has placed the country on the path to swift recovery by enabling the economy to "navigate the ravagi ...

Akasa Air gets govt approval, to start operations by 2022

12 Nov

It's official! Rakesh Jhunjhunwala-backed new airline Akasa has got no objection certificate (NOC) from the government to take it to the skies, SNV Av ...

RIL boosts solar business with Rs 9k crore deals

11 Nov

Mukesh Ambani’s $10-billion renewables dream will take wings with acquisition of Norway-based solar panel manufacturer REC Solar Holdings and a 40% st ...

Women workers go on strike at Urban Company alleging exploitation

11 Nov

A section of women workers comprising beauticians and salon experts at online gig marketplace Urban Company has gone on strike, alleging exploitation ...

Indian companies collect $9.7 bn via IPOs in Jan-Sept

11 Nov

Bolstered by bullish investor sentiments, India witnessed companies mopping up a whopping $9.7 billion through initial share sales in the first nine m ...

Mood has changed, consumers bullish on economy: RBI

11 Nov

There has been a huge change in public sentiment since the August monetary policy meeting of the Reserve Bank of India (RBI). People are less pessimis ...

Government to also take over AI’s unpaid bills of Rs 16,000 crore

11 Nov

The new holding company for Air India, which will take over real estate, paintings and other non-core assets of Air India, will also be saddled with p ...

Preparations in place for growing the economy rapidly

11 Nov

In late April and early May 2020, amid the national lockdown, Prime Minister Narendra Modi held a series of meetings with experts across several secto ...

CEA Krishnamurthy Subramanian to return to academia

09 Nov

Chief economic adviser (CEA) Krishnamurthy Subramanian said on Friday that he has decided to return to academia after completing his three-year term i ...

TCS profit up 14%, revenue 16%

09 Nov

It has been another good quarter for TCS. And the forecast looks good, considering the company is planning record fresher hiring.The company’s revenue ...

Digital payments for business get a boost

09 Nov

Digital payments for business have got a big boost with RBI hiking the limit for immediate payment service (IMPS) to Rs 5 lakh from Rs 2 lakh. The cen ...

Corporate India’s hiring activity rises 57% in September

09 Nov

India Inc's hiring activity surpassed pre-Covid levels last month, buoyed by accelerated pace of vaccination, rise in consumer demand and a host of po ...

Monthly SIP inflow at over Rs 10k cr in Sept

09 Nov

Retail investors seem to have been able to cushion the shock from Covid-19-induced pandemic well in the last one year. After scaling down their exposu ...

Tatas wins the bid for Air India for 18k cr

09 Nov

It’s a lost-and-found story like no other in business folklore. A 153-year-old conglomerate reclaims an airline behemoth after 68 years and several go ...

Reliance Retail to bring 7-Eleven in India

08 Nov

Days after Kishore Biyani’s Future Group terminated its agreement with 7-Eleven, Reliance Retail Ventures, the retail arm of Mukesh Ambani-led conglom ...

Tata Motors to raise $1 billion to push EV market

08 Nov

Tata Motors is in advanced stages to raise $1 billion through a stock sale of its electric vehicle unit as it accelerates transition to plug-in cars.T ...

Give Zee reasonable time to reply: NCLAT to NCLT

08 Nov

The National Company Law Appellate Tribunal (NCLAT) on Thursday held that in the feud between Zee Entertainment and its top investor Invesco, the NCLT ...

Ola to enter vehicle sales business, hires Amazon executive

08 Nov

Ride-hailing platform Ola on Thursday said it is getting into pre-owned and new vehicle sales business, which pits the company against players such as ...

Piramal to demerge financial services & pharma business

08 Nov

The Piramal Enterprises board on Thursday approved a proposal to demerge the pharmaceutical business, which would result in two separate listed entiti ...

Bombay HC dismisses Srei’s plea against RBI

08 Nov

The Bombay high court on Thursday dismissed a writ petition filed by promoters of the Srei group against the RBI’s decision to supersede the boards of ...

Rising crude pulls sensex down & rupee near 6-month low of Rs.75/$

07 Nov

Rising crude oil prices on Wednesday pulled down the sensex by 555 points to close at 59,190, weakened the rupee to near the 75-to-a-dollar level, a l ...

Due to rise in price consumers switch to packaged tea from loose tea during pandemic

07 Nov

Procurement constraints and spiralling tea prices post-pandemic has been a crisis that turned into an opportunity for packaged tea players.When prices ...

Card spends hit Rs 2 lakh crore in Q2

07 Nov

Spending is back with a bang. The July-September quarter has set a new record with the value of credit card transactions expected to have crossed Rs 2 ...

IL&FS gets NCLT’s nod to sell road projects via InvIT

07 Nov

The National Company Law Tribunal (NCLT) has allowed IL&FS to sell road projects of IL&FS Transportation Networks through an infrastructure in ...

Cabinet approves Rs 4,445-cr PM MITRA Yojana to set up 7 mega textile parks

07 Nov

The Union Cabinet on Wednesday approved the setting up of 7 Mega Integrated Textile Region and Apparel parks with a total outlay of Rs 4,445 crore for ...

Zee moves NCLAT against NCLT order on Invesco's plea

07 Nov

Zee Entertainment Enterprises Limited on Wednesday filed an appeal before the National Company Law Appellate Tribunal (NCLAT) in Delhi against an orde ...

Shareholder activism puts focus on governance in companies

06 Nov

With governance in sharp focus at India Inc, corporate boards and top management may find it tougher to push their agenda if not aligned with wider in ...

S R B C LLP resigns as auditor of IL&FS

06 Nov

SRBC & Co LLP has resigned as the auditor of IL&FS Transportation Networks Limited (ITNL) following the audit review report of National Financ ...

Services sector activity expands in September; employment rises for first time in 10 months

06 Nov

Activity in the country’s crucial services sector continued to expand in September, helped by the lifting of restrictions across the country but the p ...

ICICI Bank 2nd in card spends, ahead of SBI

06 Nov

ICICI Bank has overtaken SBI in credit card spends in August taking the number two spot after HDFC Bank. According to RBI data, ICICI Bank had a marke ...

Substantial increase in fuel prices on cards as crude crosses $82 a barrel

06 Nov

Petrol price on Tuesday was hiked by 25 paise a litre and diesel by 30 paise, sending retail rates to all-time high levels, with a "substantial" incre ...

Chip shortage resulted in rise in demand and long waitlists for consumer durables

06 Nov

Call it the Great Indian Consumer Wait. Severe shortage of semiconductors and a swift rebound of demand in the global economy have resulted in long wa ...

E-scooters' demand rises ahead of festivals

05 Nov

Festival demand may be lacklustre for petrol scooters and motorcycles but electric two wheelers are kicking in some top gear sales sentiment. Top elec ...

Delhi HC sets aside insurer appointments by Bank Board Bureau

05 Nov

The Delhi high court has set aside appointments made by the Bank Board Bureau (BBB) in public sector general insurance companies stating that the same ...

SEBI looks to split high networth investor in two categories

05 Nov

An an attempt to ensure mid-sized investors do not get pushed out of public offers by very large investors, markets regulator Sebi on Monday proposed ...

Hero eyes insurance business in rural areas

05 Nov

The Munjal family’s Hero group plans to take insurance to the hinterland by leveraging the familiarity of its brand, which has been synonymous with tw ...

RBI moves for IBC action against Srei due to its failure

05 Nov

The repeated failure of the Srei management to induct an investor for over a year as well as the findings of the RBI’s special audit has prompted the ...

Byju’s valued at $18 bn in $300 mn fund-raise

05 Nov

Byju’s has raised yet another big funding— $300 million — that values the firm at $18 billion. In the last round of funding earlier this year, the edt ...

RBI may absorb some surplus cash

04 Nov

The RBI is expected to follow a divergent strategy when it comes to interest rates, which are at a historic low and dealing with the Rs 10 lakh crore ...

ET NOW Swadesh, Hindi business news channel, goes on air today

04 Nov

Strengthening the network’s footprint in the Indian language space, Times Network, India’s premium broadcast network, is set to mark its debut in the ...

E-commerce norms to weigh all stakeholders’ interests

04 Nov

The government on Sunday indicated that it will not rush with the proposed consumer protection guidelines for e-commerce and will put together a frame ...

ITC Hotels launches two new brands

04 Nov

Hospitality major ITC Hotels Group has announced two new brands — Mementos and Storii — to further increase its footprint in the country by adopting a ...

LIC may file for mega IPO next month

04 Nov

LIC is likely to file draft papers with Sebi by November for the largest IPO in the country’s history, a finance ministry official has said.“We target ...

GST deptt. questions banks for claiming tax credit on FD insurance premium

04 Nov

Top banks have landed in a tax tangle following the government's move to safeguard fixed deposits worth up to Rs 5 lakh of depositors.Earlier, banks u ...

Amit Shah led panel of ministers to take final call on Air India sale

02 Nov

State-run carrier Air India could be headed back to its founder Tata group, which has outbid the other contender, a consortia comprising of SpiceJet p ...

Zee rejects Invesco’s call to hold EGM to expel MD

02 Nov

Zee Entertainment Enterprises Ltd (ZEEL) on Friday rejected a demand from Invesco Ltd for a special shareholders’ meeting to oust its managing directo ...

No fee refund for fraudulent loan applications: HDFC Bank

02 Nov

HDFC Bank has said that as a practice it levies processing fees on customers attempting to avail loans with discrepant or suspect documents. However, ...

Oyo latest startup to file for IPO, eyes over Rs 8k cr

02 Nov

Ritesh Agarwal’s pioneering hotel aggregation venture, Oyo Hotels & Homes, has filed for an IPO to raise Rs 8,430 crore ($1.2 billion) in the Indi ...

Factory activity expands at faster pace in Sept

02 Nov

Stronger demand conditions and easing of Covid-19 curbs helped activity in the country’s factory sector to maintain its growth momentum and added to t ...

India's Sept merchandise exports rise 21.35%

02 Nov

India's merchandise exports soared 21.35 per cent to $33.44 billion in September 2021 compared to $27.56 billion in the same month last year due to ro ...

NCLT tells Zee to take up EGM request of Invesco

01 Nov

The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday directed Zee Entertainment to consider positively the requisition for an extr ...

Govt. may set Rs 15-20k cr as Air India’s minimum price

01 Nov

The government is likely to set Air India’s reserve price in the range of Rs 15,000-20,000 crore. Sources said in case the highest bidder’s financial ...

Small savings rates remain unchanged for October-December

01 Nov

The government on Thursday left interest rates unchanged for small savings schemes such as public provident fund (PPF), national savings certificate a ...

Ola Electric gets $200 million funding at $3 billion valuation

01 Nov

Tripling its valuation to $3 billion in two years, EV manufacturer Ola Electric on Thursday said it has raised over $200 million or nearly Rs 1,500 cr ...

Core sector grows 11.6% in August on low base effect

01 Nov

The eight core sectors grew for the sixth consecutive month in August led by robust expansion in cement, electricity, coal and natural gas segments, d ...

Elon Musk & Jeff Bezos set to offer satellite-based internet in India

01 Nov

Jeff Bezos and Elon Musk, the world’s two richest businessmen, are set to take on Airtel’s Sunil Mittal and Reliance Jio’s Mukesh Ambani in the high-s ...

Piramal acquires DHFL for Rs 34000 cr

30 Nov

In the first insolvency resolution in the financial services space, Piramal Group has concluded payment of Rs 34,250 crore to take over Dewan Housing ...

Invesco moves NCLT against Zee for failing to call an EGM

30 Nov

Invesco Developing Markets Fund along with OFI Global China Fund LLC, both foreign funds, on Wednesday approached the National Company Law Tribunal (N ...

Insurance for exporters gets Rs 6000 cr support

30 Nov

The Cabinet on Wednesday allowed the listing of Export Credit Guarantee Corporation (ECGC), while clearing an investment of up to Rs 6,000 crore in th ...

Sebi bans 2 at Wipro & Infosys for insider trading

30 Nov

Sebi has banned from the markets an employee of Infosys and another one from Wipro for insider trading in the derivatives contracts of Infosys around ...

Govt. extends emergency credit scheme till March ’22

30 Nov

The government on Wednesday extended the validity of the Emergency Credit Line Guarantee Scheme (ECLGS) until March, the sixth such extension, while f ...

Audi to restart SUVs’ local assembly

30 Nov

The ‘Q’ is set to return to India as German luxury carmaker Audi restarts local assembly of its SUV range after a gap of nearly two years. It looks to ...

Sebi makes it easier to delist companies after acquiring over 75%

29 Nov

The board of markets regulator Sebi on Tuesday made it easier for an acquirer to delist a company after buying 75% or more in it and made the process ...

Adani loses out to Gujarat Gas on city gas distribution network

29 Nov

The Supreme Court on Tuesday threw out Adani Gas Ltd’s challenge to the decision of the Petroleum and Natural Gas Regulatory Board (PNGRB) to award th ...

Sebi okays e-gold receipt trades and silver Exchange traded funds

29 Nov

The board of markets regulator Sebi on Tuesday gave its nod to start a gold trading platform on which the yellow metal could be traded in electronic f ...

Women representatives on boards up, but lags global average

29 Nov

Women representation on boards in India has increased by 5.9 percentage points over six years, from 11.4% in 2015 to 17.3% in 2021, according to a new ...

Tatas’ super app called TataNeu

29 Nov

Tata Group chairman N Chandrasekaran gave a sneak peek of the ‘TataNeu’ super app to its senior leadership on Tuesday. While the commercial launch of ...

82% CEOs are confident on growth and recovery

29 Nov

Most CEOs remain confident about growth prospects of their company. Although at 82%, as revealed by a recent KPMG survey of CEOs’ outlook, the number ...

IL&FS Financial services to sell bad loans worth Rs 4k cr

28 Nov

IL&FS Financial Services, an arm of IL&FS, has put on the block Rs 4,297 crore of loans that have been classified as non-performing assets. Th ...

Women workforce in cybersecurity jobs is extremely low

28 Nov

With cybercrime on the rise since the pandemic, the demand for cyber-related talent has gone up substantially. There has been a 25% increase in demand ...

RBL Bank fined Rs 2cr for violating rules

28 Nov

The Reserve Bank of India (RBI) has imposed a Rs 2-crore penalty on RBL Bank for violating norms and opening five savings accounts in the name of a co ...

Reliance may invest in Glance InMobi

28 Nov

Reliance Industries (RIL) is in talks to invest between $200 million and $250 million in InMobi’s lock screen content platform Glance, multiple people ...

E-frauds from India reduced to half in Q1

28 Nov

Online fraud attempts originating from India almost halved in the first quarter of FY22 when compared with Q1FY21 even as they rose globally. Accordin ...

Railways identifies 12 stations to achieve asset monetisation

28 Nov

The railways ministry has identified several asset classes and is working on various models to achieve the target of raising Rs 17,810 crore in FY22 u ...

Zee’s 18% owner Invesco wants new board to review Sony merger

27 Nov

Invesco, the largest shareholder in Zee Entertainment Enterprises, is not against the company’s proposed merger with Sony Pictures Networks but wants ...

US court halts suit, allowing Cairn to settle row with India

27 Nov

A New York court has paused Cairn Energy’s pursuit of US assets of Air India for the recovery of a $1.2-billion arbitral award, so as to allow the Bri ...

Standing Instructions on card payments to be hit from next month

27 Nov

Some cardholders might see standing instructions for payment on their credit card fail from next month. These could be for subscriptions with online c ...

India needs 4-5 more banks like SBI: FM

27 Nov

India needs more banks that can match the scale of its largest lender State Bank of India (SBI), Union finance minister Nirmala Sitharaman said on Sun ...

Freshworks IPO gets more Indians to enter US markets

27 Nov

As the first Indian products company to list on the Nasdaq, software-as-a-service (SaaS) firm Freshworks saw Indian investors put over $600,000, or Rs ...

Single window system to boost ‘ease of doing business’

27 Nov

The recently launched National Single Window System for investors and businesses will prove to be one of the biggest steps for ‘Ease of Doing Business ...

Sensex touches unprecedented height of 60000

25 Nov

There’s no reason for investors in the stock market to feel fearful when the benchmarks are at record peaks, provided they’ve invested after due dilig ...

Government lifts spending restrictions on higher tax collection

25 Nov

The finance ministry on Friday lifted spending curbs on several ministries as latest tax numbers showed healthy collections, which is seen as a sign o ...

CCI imposes Rs 873-crore fine on UBL, Carlsberg for price fixing

25 Nov

The Competition Commission on Friday imposed penalties totalling over Rs 873 crore on United Breweries, Carlsberg India, All India Brewers' Associatio ...

RBI allows banks to sell ‘fraud loans’ to ARCs

25 Nov

The Reserve Bank of India on Friday allowed loan exposures classified as fraud to be transferred to Asset Reconstruction Companies (ARCs). This comes ...

Multiple returns as economy grows towards $5 trillion

25 Nov

In 2019, Prime Minister Narendra Modi said that he would turn India into a $5-trillion economy in about five years. That would make India one of the t ...

SIP investors unaffected by Highs & lows of stock market

25 Nov

Retail investors continue to repose their faith in systematic investment plans for investing in the stock market. As a result, the monthly SIP inflows ...

US Fed’s clarity on tapering takes sensex close to 60000

24 Nov

The statement from the chief of the US central bank that it would start scaling back its $120-billion-per-month bond-buying programme in November, but ...

Income tax portal is in much better shape: Infosys

24 Nov

After coming under intense scrutiny for technical glitches in the income tax e-filing portal, Infosys has addressed some of the concerns. The company ...

Paras Defence most bought IPO at 304 times

24 Nov

The Rs 171-crore IPO of Navi Mumbai-based Paras Defence & Space Technologies closed with an over-subscription of 304 times, making it the highest ...

Domestic pharma market expands 18% in August

24 Nov

The domestic pharmaceutical market delivered a robust growth of nearly 18% in August, buoyed by sales of acute therapies. The acute medication grew ar ...

Volkswagen lauches Taigun SUV to take on Creta & Seltos

24 Nov

German car major Volkswagen makes a fresh attempt to crack the highly-competitive Indian auto market as it drove in Taigun premium SUV, the first prod ...

Use technology to improve tax compliance: FM

24 Nov

Finance minister Nirmala Sitharaman has asked tax officials to adopt technological tools and ensure that there is no high-handedness in their dealings ...

Cabinet approval sought to monetisation of Ashok Hotel

22 Nov

The Tourism ministry will seek the cabinet’s approval for monetisation of the operation and management of the iconic Ashok Hotel in the capital in the ...

Adani unveils $20bn greeen energy plan

22 Nov

Unveiling his infrastructure conglomerate’s green vision, billionaire Gautam Adani on Tuesday said his group will invest $20 billion over the next 10 ...

HDFC home loans start at 6.7%

22 Nov

HDFC home loans start at 6.7%, tied to credit scoreHDFC has said that its home loans will start at 6.7% across all loan slabs and for all customers ha ...

Ford India’s revenue falls drastically

22 Nov

With the announced closure of its automotive operations, Ford India’s revenue from operations will shrink to less than a fourth of its FY21 tally.Acco ...

Govt weighs probe against Amazon

22 Nov

The government is examining the possibility of an investigation against Amazon, following allegations of bribery by some of its legal representatives. ...

Government to exit Hyderabad & Bengaluru JV airports first

22 Nov

The Airports Authority of India (AAI) will soon start exiting the joint venture (JV) airports with the government deciding to divest its stake in them ...

Cars24 raises $450 Mn from SoftBank, Tencent and others

21 Nov

Used car selling platform Cars24 has raised $450 million in equity and debt round from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubat ...

Amazon will investigate all charges of corruption

21 Nov

Amid reports of Amazon probing bribery-related charges against some of its legal representatives in India, the US e-commerce giant on Monday said it t ...

Amazon opens logistics hub in Bengaluru for faster delivery

21 Nov

Amazon India has launched a new delivery station in Bengaluru, that will enable the e-commerce major to expand its last-mile delivery network and ensu ...

HDFC Bank ties up with Paytm to issue co-branded credit cards

21 Nov

HDFC Bank will work with Paytm to offer co-branded credit cards on the Visa platform to businesspersons, millennials and others, said the lender on Mo ...

FM to kick-start exercise for Union Budget 2022-23 from October 12

21 Nov

The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an offic ...

Companies to give 8.6% pay hike next year: Deloitte

21 Nov

Indian companies may give an average pay hike of 8.6% in 2022, after paying an 8% increment in 2021, a survey by consulting firm Deloitte showed.The s ...

Advent to buy Eureka Forbes at valuation of Rs 4,400 crore

20 Nov

US private equity firm Advent International has agreed to buy Indian water purifier and vacuum cleaner maker Eureka Forbes, the firms said on Sunday, ...

‘Buy now pay later’ loans to disrupt market

20 Nov

Buy now pay later or BNPL loans are set to disrupt the credit market, with technology making it easy for lenders to provide sachet-ticket loans, witho ...

Health cover costs to rise for retired bankers

20 Nov

Retired public sector banks' staff will see their group mediclaim premium increase by as much as 40% following an increase in the claims ratio. The In ...

Economy stabilises as industries open up

20 Nov

The Indian economy has weathered the impact of the second wave and it is now stabilising as industries have opened up and demand has not been hit, a s ...

Import duty on cars 'outrageous': Mercedes-Benz

20 Nov

Calling the duty on imported cars "outrageous", Mercedes-Benz - the leader of luxury cars in India - has supported rival Tesla's demand that taxes sho ...

Cloud customers want solutions, not infra: Google Cloud India MD

20 Nov

Cloud customers are no longer asking for servers and storage, they are looking for solutions to their problems, Bikram Singh Bedi, managing director o ...

After SBI, PNB & BoB too reduce home loan rates

18 Nov

Soon after a rate cut by State Bank of India (SBI), other public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have also revised ...

Migrants don’t want to go back to cities for work after pandemic

18 Nov

With the fully vaccinated share of the workforce expanding, organisations may call their employees back to offices while adopting new work models. How ...

Bad bank will have maximum impact on BoI, Union Bank & PNB

18 Nov

The National Asset Reconstruction Company (NARCL) will have maximum impact on loan books of Bank of India (BoI), Union Bank and Punjab National Bank ( ...

Investors are getting prepared for a great fall in China

18 Nov

International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted p ...

World Bank discontinues "Ease of Doing Business' report on data irregularities

18 Nov

The World Bank has put on hold the publication of its Doing Business report as it conducts a “systematic review” and probes the data collection irregu ...

TCS plans to resume return-to-office by December

18 Nov

TCS is planning to bring back employees to office towards this yearend or early next year. That’s assuming there’s no third wave of the pandemic.It pl ...

Govt sets up NARCL to take over banks’ Rs 2L cr bad debt

17 Nov

The government on Thursday announced the setting up of the National Asset Reconstruction Company (NARCL), which will take over bad debt of nearly Rs 2 ...

SBI cuts home loan rates, non-salaried to benefit too

17 Nov

State Bank of India (SBI) has cut interest rates on home loans above Rs 75 lakh by 45 basis points (100bps= 1 percentage point) and has also reduced i ...

Airtel to conserve Rs 40k cr cash through moratorium on AGR payments

17 Nov

A day after the government announced a mega bailout package for the telecom industry, Bharti Airtel chief Sunil Mittal said the company will opt for t ...

Byju's buys coding site Tynker for $200 mn to grow in US

17 Nov

Online education giant Byju’s is paying about $200 million to acquire the coding platform Tynker, people familiar with the matter said, as India’s mos ...

Madras HC stays 2 clauses of IT rules, says they may rob media of independence

17 Nov

The Madras high court on Thursday stayed the operation of the oversight mechanism brought in through the new Information Technology Act Rules by the C ...

Over 50 companies list Rs 6k cr AC, LED investment

17 Nov

Over 50 companies have applied for availing production-linked incentives (PLIs) for air conditioners and LEDs, proposing an investment of around Rs 6, ...

Tata Sons denies management reorganisation plan

16 Nov

Tata Sons chairman N Chandrasekaran has said “no leadership structural changes are on the anvil” at the company and that “any such decisions, if relev ...

MG Motors may buy closed Ford plants in India

16 Nov

American company Ford Motors had recently announced to stop the production of cars in India. After which thousands of people have faced employment cri ...

Tata Sons, group led by SpiceJet chief bid for Air India

16 Nov

Tata Sons and a grouping led by SpiceJet chairman Ajay Singh placed financial offers for Air India on Wednesday, the last day to submit bids. Tata Son ...

Govt clears Rs 120cr PLI for drones, parts

16 Nov

The government on Wednesday approved a production-linked incentive (PLI) scheme for drones and drone components. Union aviation minister said the sche ...

TCS 2nd Indian company to hit $200bn market capitalisation after RIL

16 Nov

Tata Consultancy Services (TCS), the second-most valued company in India and the largest within the Tata Group, on Wednesday became the second domesti ...

Sebi bars Poonawalla Fincorp MD for insider trading activity

16 Nov

Securities and Exchange Board of India (SEBI) on Wednesday barred Poonawalla Fincorp Managing Director Abhay Bhutada and seven other entities from the ...

For the first time, Tatas may create a CEO position in Tata Sons

15 Nov

Tata Sons, which controls India’s biggest conglomerate Tata Group, may consider creating a CEO position for the first time in its 104-year history in ...

Jhunjhunwala buys Rs 110cr Zee shares, stock up 40%

15 Nov

Billionaire investor Rakesh Jhunjhunwala bought 50 lakh Zee Entertainment Enterprises shares, translating into 0.5% of the company, for about Rs 110 c ...

‘Bumper-to-bumper cover not mandatory’

15 Nov

The bumper-tobumper insurance for motor vehicles prescribed by the Madras high court for all vehicles for five years will not be made mandatory. The c ...

Times Group’s virtual seminar series begins

15 Nov

With the Indian economy fast recovering from the clutches of the Covid-pandemic, the Times Group has come up with a ‘Back2Business’ seminar series alo ...

WPI inflation rises to 11.4% in August on fuel prices

15 Nov

Wholesale inflation inched up marginally in August on the back of stubborn prices of fuel, power and light and manufactured product segments, highligh ...

NSE investigates freak Future & Options trades

15 Nov

The NSE is looking into a series of freak trades that took place in its futures & options (F&O) segment in contracts on five of the most trade ...

Committee of creditors’ resolution plan irrevocable: SC

14 Nov

In an important judgment in the insolvency and bankruptcy field, the Supreme Court on Monday ruled that a ‘resolution plan’ for stressed assets become ...

2 directors of Zee quit ahead of today’s AGM

14 Nov

Two non-independent directors of Zee Entertainment Enterprises have resigned from the company ahead of its annual shareholder meeting on Tuesday.Manis ...

Freshworks plans $912 mn IPO at nearly $9 bn valuation

14 Nov

Freshworks Inc. aims to raise nearly $1 billion through a public listing in the US at a valuation of almost $9 billion, which will make it the most va ...

‘Will look into issues forcing tech companies to register abroad’

14 Nov

Union finance minister Nirmala Sitharaman said on Monday that she would look into the bottlenecks of the IT products sector that push Indian SaaS comp ...

Ola Electric starts all-woman trend at factory

14 Nov

Women finally seem to be getting a fairer deal when it comes to the shopfloor. As Ola Electric announced an “all-woman” 10,000-strong workforce at its ...

No a/c freeze till December for want of KYC: RBI

14 Nov

The Reserve Bank of India (RBI) on Monday reiterated that until December 2021, banks cannot freeze accounts if the customer has not done a periodic KY ...

Govt plans to revamp LIC’s rules for sharing surplus

13 Nov

Ahead of its proposed mega initial public offer (IPO), the government is looking at ways to align Life Insurance Corporation of India’s (LIC’s) rules ...

Zomato to stop grocery delivery over service ‘gaps’ in food delivery

13 Nov

Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment ...

Efforts for FTA with UK, Australia gather pace

13 Nov

The government is stepping up its efforts to speed up free trade agreements (FTAs) with ministerial level consultations with Australia and the UK line ...

Wipro leadership back in office now

13 Nov

Wipro is getting its senior leadership back to office from Monday, becoming the first IT company to publicly announce the return of some of its staff ...

Power PSUs may be allowed to take bigger risk for green energy projects

13 Nov

The government is looking at allowing Central power companies to take a bigger financial risk for renewable energy projects. The power ministry is to ...

As chip problems hamper auto companies, used cars take off

13 Nov

The used car market is enjoying a demand spillover, particularly for best-selling mass market models, as new car production continues to be affected b ...

Govt to limit incentive plan for auto to green vehicles

11 Nov

Petrol and diesel vehicles will not be included in the ambitious production-linked incentive (PLI) scheme for automobiles as the government will restr ...

Factory output grows 11.5% in July on low-base effect

11 Nov

Industrial production surged 11.5% in July mainly due to a low-base effect and good performance by manufacturing, mining and power sectors but the out ...

Assemble here to cut cost: Ministery to Tesla

11 Nov

Tesla’s plan to import cars to India on duty concessions has hit a roadblock. The ministry of heavy industries, which sets the policy for the country’ ...

IT companies struggle to get experienced workforce

11 Nov

The top four Indian IT firms – TCS, Infosys, HCL and Wipro – plan to hire more than 1 lakh freshers this fiscal. Cognizant said in July it planned to ...

CIL’s supply to power sector increases 20% in September

11 Nov

New DelhiCoal India Ltd (CIL), India’s largest miner of the fuel, on Friday said it has stepped up supplies by 20% in September to thermal power proje ...

Insurers asked to launch cyber risk cover soon

11 Nov

Citing rising risks of cyber-attacks, the insurance regulator has asked non-life companies to launch individual cover soon and widen the scope of thei ...

Advent may close a Rs 5,000 crore deal to buy Eureka Forbes

10 Nov

American private equity firm Advent International is nearing a deal to acquire Eureka Forbes, India’s largest maker of water purifiers and vacuum clea ...

Govt extends last date for filing ITR till December 31

10 Nov

The income tax department on Thursday extended the deadline for filing retur ns for the 2020-21 financial year due to the glitches in the new taxpayer ...

Fabindia appoints five bankers to raise up to $1 bn via IPO

10 Nov

Ethnic wear retailer Fabindia Overseas is gearing up for its initial stake sale as it has hired five investment banks to raise up to $1 billion throug ...

SC stalls HC proceedings in Future Retail-Reliance deal

10 Nov

The Supreme Court on Thursday struck a balance between the interests of Amazon and Reliance Industries (RIL), engaged in a high stakes litigation from ...

13 more airports to be privatised

10 Nov

Days after the government announced its ambitious asset monetisation plan, the Airports Authority of India (AAI) on Thursday approved the privatisatio ...

Kotak Bank cuts home loan rate to 6.5%

10 Nov

Kotak Mahindra Bank, one of the leading private sector lenders in India, on Thursday said it would cut the interest rate on home loans from 6.65% to 6 ...

Mutual fund investors turn cautious in August, shift to hybrid funds

09 Nov

Mutual fund (MF) investors seem to be getting a bit nervous after leading equity indices hit life-highs on a regular basis in the past few weeks. Tryi ...

Job market expands in August too, hits pre-Covid level

09 Nov

More businesses resuming operations and preparation for the festive season led to continued upswing of the white collar job market in August, which ha ...

After 4 yrs, UCO Bank out of corrective action

09 Nov

The RBI on Wednesday removed UCO Bank from its prompt corrective action (PCA) framework following improvement in various parameters and a written comm ...

Print highly trusted by readers, effective platform for marketers

09 Nov

The print medium continues to be a highly trusted source of information for most consumers and hence also an effective platform for brands and markete ...

Canada Pension Board to sell 2% stake in SBI Life

09 Nov

The Canada Pension Plan Investment Board (CPPIB) will sell a 2 per cent stake in SBI Life Insurance Company. The shares will be offered through the st ...

Banks move against personal guarantors to recover dues of Corporate Debtor

09 Nov

Banks have taken the initiative to implement personal insolvency against defaulting promoters buoyed by the Supreme Court’s endorsement of the law in ...

Cabinet to discuss bailout package for telecom today

08 Nov

The telecom sector, especially Vodafone Idea, is likely to get relief from the government — possibly as early as Wednesday — with anticipation of a pa ...

Now get your shares next day, not after 2 days

08 Nov

You may not have to wait for two days to see your trades reflect in your account. Come 2022, the trading (buying or selling) will show up in your dema ...

Generic tax notices: ITAT quashes Rs 57 lakh fine on Preity Zinta

08 Nov

An omnibus (non-specific) notice served by the income tax (I-T) department on actress and film producer Preity Zinta for alleged “concealment of incom ...

No need to enter your full card details on e-tail sites

08 Nov

Customers will not have to input their credit card details on e-commerce sites they frequent even after the RBI rule barring storage of card data by m ...

Financial bids for Air India by September 15

08 Nov

Air India divestment has entered its final, and most crucial, phase with qualified bidders expected to put in financial bids by September 15. The Tata ...

Insolvency resolution pace slows by 45% in Q1

08 Nov

The pandemic and a shortage of members in the National Company Law Tribunal (NCLT) has slowed insolvency resolution by over 45% with cases taking near ...

India’s mcap up over 2 times in 18 months, races past $3.5 trillion

07 Nov

The strong bull rally that had started in late March 2020, when global investors’ fear about the pandemic was at its peak, has taken India’s market ca ...

HDFC Life to cap policies, channels’ share in sales

07 Nov

As part of its strategy to grow consistently, HDFC Life Insurance has decided to keep a cap on the share of products and distribution channels. Accord ...

Axis Bank diversity charter to empower staff, clients

07 Nov

Axis Bank has taken several HR measures to bring equality to employees and customers from the LGBTQIA+ community as part of its strategy to promote di ...

NCLT members’ absence may affect IBC reform

07 Nov

For the last few years, the Narendra Modi government has pointed to the Insolvency & Bankruptcy Code (IBC) as a key structural reform initiated by ...

Black money proceedings: Wealth order saves Yash

07 Nov

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, as Yash Birla was earlier not held liable for wealth tax on funds with Gu ...

Sebi bans 85 entities from capital markets for fraudulent trading

07 Nov

Sebi on Monday barred total 85 entities, including Sunrise Asian Ltd, from the capital markets for up to one year for manipulating the company's share ...

33 companies set to make cut for Rs 12000 crore telecom incentives

06 Nov

The government has shortlisted 33 companies that would be awarded benefits under the Rs 12,195-crore production-linked-incentive (PLI) scheme for tele ...

Queries for overseas study loans are increasing

06 Nov

As colleges and universities reopen globally and governments ease travel restrictions, students are resuming plans for overseas study, resulting in a ...

Private companies can’t be used as benchmark to value LIC

06 Nov

Valuations of listed private life insurers cannot be a basis for the valuation of LIC, according to former Irdai member Nilesh Sathe.With the governme ...

Reliance Retail set to launch saree, ethnic wear stores

06 Nov

Reliance Retail is set to launch a chain of stores under the brand name of Avantra to take on Tata Group’s Tanishq and Aditya Birla Fashion Retail (AB ...

Forms for exemption from IT returns for senior citizens notified

06 Nov

The Income Tax Department has notified declaration forms that senior citizens aged 75 years and above need to file with the banks to get exemption fro ...

Services sector expands at fastest pace in 18 months

04 Nov

Activity in the country’s crucial services sector rebounded in August and expanded at its fastest pace in 18 months as the pandemic receded, vaccine a ...

Fast growing crypto business creates 10,000 jobs

04 Nov

There are more than 10,000 active job openings currently in the cryptocurrency segment in India, according to data obtained from specialist staffing f ...

European firms expand technical presence in India

04 Nov

The pace at which European companies are establishing and expanding technology centres in India is accelerating, driven by the need for traditional fi ...

HDFC Life acquires Exide’s insurance arm for Rs 6,687 crore

04 Nov

HDFC Life has agreed to buy Exide Life Insurance for Rs 6,687 crore, of which Rs 726 crore would be paid in cash. The rest would be paid by issuing 8. ...

Maruti to recall over 1.8 lakh cars to inspect possible defects

04 Nov

India's largest car maker Maruti Suzuki on Friday announced its decision to recall some variants of its cars in order to inspect and rectify possible ...

Mukesh Ambani promises a 'Jio' for energy transition

04 Nov

Reliance Industries Ltd chairman Mukesh Ambani on Friday unveiled his plan to do a 'Jio' in energy transition by producing green hydrogen for under $1 ...

Apple may face CCI probe over in-app payment issue

03 Nov

There could be regulatory trouble for Apple in India over its dominant position in the apps market, with fair-trade watchdog Competition Commission of ...

Tatas buy out Actis stake in Mumbai building owner

03 Nov

Tata Sons has bought out the stake held by financial investor Actis in Tril IT4, the owner of an 8-lakh-sqft commercial building in Mumbai. Actis’s 26 ...

Rupee regains 72 level on bond issues, inflows

03 Nov

The rupee strengthened on Thursday to regain 72 levels intraday and touch the session’s high of 72.96 before closing at 73.07 — two paise higher than ...

Exports grow 45% in August, trade deficit at 4-month high

03 Nov

Although exports are nearly $2 billion lower than July, when it hit a monthly record of $35.4 billion, August’s level is line with the asking rate req ...

India’s startup ecosystem ranks 3rd

03 Nov

The Alliance of Digital India Foundation plans to rank India’s startup ecosystem among the Top 3 globally by 2030, with a focus on finding the right p ...