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Government limits oxygen supply to industry, diverts it for medical use to battle Covid
19 Apr

With several states flagging oxygen shortage as Covid cases surge, the government on Sunday decided to restrict oxygen supply to nine industries in an ...

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As Covid second wave surges, wait for e-grocery delivery gets longer
19 Apr

As restrictions return across major cities, it’s déjà vu for consumers looking to place online orders of grocery and other essentials. E-commerce plat ...

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Covid second wave may impact government's privatisation drive
19 Apr

The sharp surge in Covid cases in the country has cast fresh shadows of uncertainty over the government’s privatisation drive and it is likely that so ...

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Future Retail lenders give nod to debt recast plan
19 Apr

A group of 28 lenders to Future Retail have approved a resolution plan to restructure the company’s existing debt under the RBI’s special scheme for C ...

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Companies help men get back to work after break
19 Apr

Career transition programmes for professionals who take a break are no longer restricted to women. What started as a platform offering second career o ...

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LIC ties up with Paytm to handle digital payments
19 Apr

Following a tie-up with another payment gateway earlier, the country's largest life insurer has sought a new deal as the majority of its payments have ...

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Covid surge stokes recovery worries, hits growth forecast
14 Apr

The surge in Covid-19 cases in several states across the country has stoked worries about the economic recovery under way, Investment banks are scalin ...

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In 2021 startup gold rush, Unicorn sightings peak
14 Apr

Unicorns are supposed to be rare. Maybe non-existent. But in India's startup world, they suddenly seem to be everywhere. Last week was an unprecedente ...

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E-tailers fret over Maharahtra’s ‘essential’ products rule
14 Apr

It’s deja vu for ecommerce platforms in Maharashtra. The state’s decision to allow e-commerce deliveries only for essential products has triggered con ...

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Flipkart set to acquire Cleartrip in distress sale
14 Apr

Walmart-owned e-tailer Flipkart is set to acquire online travel aggregator Cleartrip in a distress sale with the deal likely to be announced over the ...

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Covid-19: Centre in talks with industry for oxygen supply
14 Apr

The Centre is in talks with industry, especially steel plants and oil refineries, to step up supply of oxygen for meeting the requirements of Covid-19 ...

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CCI proposes 'confidentiality rings' in draft confidentiality regulations
14 Apr

With a view to mitigate lengthy legal proceedings on account of confidentiality claims involved in antitrust cases, the Competition Commission of Indi ...

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Hiring outlook up, but few willing to relocate
13 Apr

The second wave of the pandemic has not impacted hiring intentions of organisations. However, candidates in mid to senior roles are expressing unwilli ...

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Rupee weakens to 8 month low of below 75 per dollar
13 Apr

India's rupee on Monday plunged below 75 against the U.S. dollar for the first time in eight months amid a rapid increase in second-wave of coronaviru ...

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IIP contracts in February, retail inflation up for March
13 Apr

Retail inflation climbed up for the month of March to 5.52% from 5.03% in February primarily led by jump in food inflation.The more worrying numbers c ...

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TCS reports highest growth in 5 quarters at 5.9%
13 Apr

Tata Consultancy Services (TCS) reported a 5.9% growth in constant currency in the fourth quarter of 2020-21, compared to the same period in the previ ...

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RBI asks banks to take steps for business continuity
13 Apr

In a meeting with bank CEOs on Monday, RBI governor Shaktikanta Das asked them to take measures proactively to maintain business continuity, sharpen s ...

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SUVs beat Covid blues, sales grow 12% in FY21
13 Apr

SUVs rolled over Covid’s crippling impact on the economy and managed to grow by double-digits in fiscal year 2020-21 even as all other segments, inclu ...

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Infosys plans share buyback of up to Rs 12,000 crore, its third in five years
12 Apr

The Infosys board is considering a share buyback proposal on Wednesday that would be the Bengaluru-based IT services company’s third in less than five ...

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Hackers hit India’s broker Upstox, now security enhanced
12 Apr

Hackers have breached security systems at Upstox, the country’s second largest stock broker in terms of number of customers, and stole KYC and other d ...

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Final call to link Aadhar & PAN, now default will cost you penalty
12 Apr

If you are among a handful of taxpayers who haven’t linked your Permanent Account Number (PAN) with Aadhaar, it’s high time you do it.On March 31, the ...

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Jan Dhan accounts prove costly for over four debits in month
12 Apr

Users of basic savings bank deposit accounts (BSBDAs) are discovering that these facilities are not designed for the digital age. These accounts, whic ...

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Temporary workers wages surge 30% on labour shortage
12 Apr

Increased manufacturing activity coupled with a smaller migrant workforce has resulted in a hike in the daily wage rates of temp workers. Industrial c ...

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CEOs prefer strict safety norms over partial lockdowns
12 Apr

Amid rising COVID cases and talks of partial and total localised lockdowns, most of the CEOs in India believe that along with the ongoing vaccination ...

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Direct tax collections top revised estimates by 5%
10 Apr

The Centre’s direct tax collections, net of refunds, were estimated at Rs 9.45 lakh crore during 2020-21, around 5% higher than the revised estimates ...

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LIC manages to grow business 10% in FY21 amid Covid
10 Apr

The Life Insurance Corporation (LIC) of India has managed to record double-digit growth in FY21 despite new business premium lagging the previous fisc ...

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500mn LinkedIn users' data up for sale: Report
10 Apr

Personal data of about 500 million LinkedIn users have been scraped and put online for sale, according to a report. This accounts for about two-thirds ...

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Now consumer goods companies face labour migration
10 Apr

After the retail and restaurant sectors, manufacturers of consumer goods are faced with an exodus of contractual labour migrating back to their homes, ...

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Big traders ramp up derivative bets on SAIL
10 Apr

Big traders have created hefty exposure on the derivatives counter of SAIL, resulting in its futures contracts entering a ban period for most of the c ...

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FMCG stocks top draw among investors as index holds promise
10 Apr

Investors are regaining appetite for shares of consumer goods companies after almost a year of mostly staying away from them. Analysts are now advisin ...

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Q4 may see highest revenue growth in 8 quarters for India Inc
09 Apr

After several quarters of negative to low revenue growth, India Inc could expect a double-digit expansion as the results for the quarter ended March 2 ...

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Gupshup sixth company to get $1 billion valuation in a week
09 Apr

Business to consumer messaging solution Gupshup has raised $100 million in funding from Tiger Global at a valuation of around $1.4 billion making it t ...

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Government seeks to step up monitoring of imports
09 Apr

The government is looking to expand the import monitoring system to electrical machinery, machinery and mechanical appliances, certain metals, chemica ...

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Relief for OYO subsidiary in ‘bankruptcy’ case as NCLAT stays insolvency proceeding
09 Apr

A day after Oravel Stays filed against the NCLT order, which had sought to initiate insolvency proceedings against the company’s subsidiary OYO Hotels ...

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Byju’s to launch Byju’s Future School in push for overseas expansion
09 Apr

Education technology giant Byju’s is making its biggest push to expand internationally with the launch of a new product - Byju’s Future School - that ...

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Pre-packaged insolvency plan for MSMEs to save jobs: MCA Secy
09 Apr

The government expedited the rollout of the pre-packaged insolvency resolution framework for micro, small and medium enterprises (MSMEs) to preserve j ...

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RBI to buy Rs 1 lakh crore bonds in Q1
08 Apr

The Reserve Bank of India (RBI) has announced a government securities acquisition programme (G-SAP 1.0) where it has committed to buy bonds worth Rs 1 ...

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Sebi fines Ambani brothers Rs 25 crore in 21-year-old case
08 Apr

Markets regulator Sebi on Wednesday imposed a Rs 25-crore fine collectively on Mukesh Ambani and Anil Ambani, the erstwhile main promoters of the undi ...

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Oyo challenges bankruptcy case at NCLT
08 Apr

Oyo has challenged an order from the National Company Law Tribunal (NCLT), which admitted a plea for corporate insolvency proceedings against the comp ...

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Faceless schemes: Government issues over 1 lakh tax orders
08 Apr

The government has issued close to 1.2 lakh orders under the faceless assessment schemes but finds itself in a spot as several taxpayers, whose cases ...

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Groww valued at $1bn, raises $83mn
08 Apr

Indians and strategic investments aren’t really warm with each other. Even though more than 200 million users use digital modes of payments in the cou ...

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Cabinet approves PLI schemes for solar modules, white goods
08 Apr

The Union Cabinet on Wednesday approved two production-linked incentive schemes for white goods (air-conditioners and LED lights) and high-efficiency ...

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Rivals Airtel & Jio ink 1,500 crore spectrum trading deal
07 Apr

Often sparring telecom companies Airtel and Reliance Jio came together for a near Rs 1,500-crore spectrum trading deal as the mobile operators took st ...

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RBI to stay with easy money policy over 2nd Covid wave
07 Apr

The second wave of Covid in India will compel Reserve Bank of India (RBI) governor Shaktikanta Das to stick to an accommodative monetary policy even a ...

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Cred’s valuation trebles to $2.2 billion, raises $215 million
07 Apr

Cred, the fintech startup started by serial entrepreneur Kunal Shah, has raised $215 million in new funding, with its valuation soaring to $2.2 billio ...

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IMF raises India’s FY22 growth forecast to 12.5%
07 Apr

The International Monetary Fund (IMF) on Tuesday raised India’s growth projections for 2021-22 to 12.5% from its January estimate of 11.5%, making it ...

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AC prices up 13%, 2nd hike since January
07 Apr

Air conditioner manufacturers have raised prices by 8-13% for the second time in less than 100 days. The reason being cited is increasing input costs ...

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Domestic passenger traffic slips to 10-year low in pandemic-hit FY21
07 Apr

India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said.However, ...

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Manufacturing activity slows to 7-month low: PMI survey
06 Apr

Activity in the country’s manufacturing sector lost further momentum in March, slowing to a seven-month low as local restrictions weighed on the secto ...

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BYJU's acquires Aakash Educational Services for $1 billion
06 Apr

Popular online teaching platform BYJU's announced on Monday that it has acquired Aakash Educational Services Limited, a chain of physical coaching cen ...

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Swiggy raises $800 mn in new round at near $5 bn valuation
06 Apr

Food delivery platform Swiggy has raised around $800 million (about Rs 5,863 crore) in a new funding round. Falcon Edge Capital, Goldman Sachs, T ...

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MSMEs get new insolvency route
06 Apr

The Centre has promulgated an ordinance to speed up the insolvency resolution process for micro, small and medium enterprises (MSMEs), which are expec ...

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86% insolvency cases pending over 270 days
06 Apr

Over 85% of the ongoing corporate insolvency cases have dragged beyond 270 days, which was the upper limit for finalisation of the process.Latest data ...

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HDFC Bank loans grow 14% in FY21
06 Apr

HDFC Bank has reported 16.3% growth in deposits and 14% in advances during the year 2020-21. Yes Bank and IndusInd Bank too have reported high deposit ...

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PSU banks go slow on asset sales, await privatisation list
03 Apr

Public sector banks that were not part of the consolidation process are going slow on their plans to monetise assets as part of their capital-raising ...

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Rising prices hit households reeling under shrunk budgets
03 Apr

Households across the country are facing the onslaught of rising prices and are witnessing a sharp dent in their monthly spend capabilities as prices ...

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Maruti Suzuki India gets notice from customs, DRI
03 Apr

Directorate of revenue intelligence (DRI) and customs authorities have served a show-cause notice to Maruti Suzuki India (MSIL) for allegedly evading ...

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U.S. LNG Exports To Asia Hit Record Highs
03 Apr

Since the fall of 2020, the United States has significantly boosted its liquefied natural gas exports to the top LNG-importing region, Asia, to the po ...

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Deadline extended by 3-5 years for Thermal Plants for new emission norms
03 Apr

The Centre has extended deadlines for coal-based power plants to adopt new emission standards by up to three years and even allowed the defaulters to ...

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Liquor industry wins anti-competitive suit against Uttarakhand state arm
03 Apr

The Competition Commission of India (CCI) has penalised the Uttarakhand Agricultural Produce Marketing Board (UAPMB) for anti-competitive ways in the ...

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Exports surge by over 58% in March, imports rise 53%
02 Apr

India’s exports shot up by over 58% to $34 billion in March, led by a jump in engineering, garments, iron ore and pharma, while imports rose 53% to $4 ...

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Auto Industry back on track in Financial Year 2021
02 Apr

The auto industry made quite a turnaround in fiscal year 2020-21 despite being hit by the pandemic and battling severe parts and component crunch. A l ...

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Fuel sales up 27% from March 2020
02 Apr

India’s diesel and petrol consumption posted a whopping growth of more than 27% in March from a year ago when a countrywide lockdown had washed out fu ...

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Tatas to exit food services business in US after two decades
02 Apr

Two decades after it acquired the food services business in the US, Tata Consumer Products has decided to exit the venture. Tata Consumer inherited th ...

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Additional 45k cr. released by center for states under tax devolution
02 Apr

The finance ministry has released an additional Rs 45000 crore to states as a part of tax devolution for the recently concluded fiscal, according to a ...

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Yes Bank buys Reliance Infra HQ
02 Apr

Reliance Infrastructure has said that it has sold Reliance Centre — the premises housing the group’s headquarters — to Yes Bank for Rs 1,200 crore.“En ...

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Government sticks to 4% inflation goal for RBI
01 Apr

The government has opted to keep the inflation target under the monetary policy framework unchanged at 4% for the next five years, indicating stabilit ...

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Centre plans 60% borrowing by September
01 Apr

After borrowing at lowest cost since 2004-05, the Centre is hoping to raise funds at “reasonable” rates during the new fiscal year as it announced pla ...

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Output of eight core sectors contracts 4.6% in February-highest in 6 months
01 Apr

The output of eight core infrastructure sectors contracted by 4.6% in February, government data showed on Wednesday.This is the steepest contraction i ...

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Govt. slashes rates on small savings by up to 110 pts
01 Apr

Small saving rates are linked to yields on benchmark government bonds, which have fallen over the last one year as the Reserve Bank of India cut rates ...

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Auditors ask firms to change software to rule out fraud
01 Apr

Auditors have asked companies using bespoke and standalone accounting software to shift to applications that wouldn’t allow them to change or delete a ...

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From steep fall to peak, a fluctuating fiscal year for sensex
01 Apr

With a 627-point slide in the sensex on Wednesday, Dalal Street closed one of the most tumultuous years in its history. Within 12 months, the sensex r ...

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US proposes tit-for-tat tariffs over e-commerce tax
30 Apr

The United States Trade Representative (USTR) has proposed retaliatory trade actions against India and certain other countries that have imposed or ar ...

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Company praises all-Indian crew of Suez ship
30 Apr

The all-Indian crew of MV Ever Given, the containership stuck in the Suez Canal since March 23, is safe and working hard to refloat the vessel, says a ...

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Wanted: A bill to fix Indian manufacturing
30 Apr

Sometimes, the things that are good for us are the ones people resist the most. Diet and exercise for instance. For a classroom full of kids, a baker ...

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Delhi court grants partial relief to northeast riot lawyer
30 Apr

A city court appointed the youngest counsel present in the courtroom as the local commissioner in the matter pertaining to the seizure of data by Delh ...

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Do more pro bono work: Next CJI to senior lawyers
30 Apr

The Supreme Court on Saturday appealed to advocates to take up as many pro bono cases as they can to propel the legal aid movement forward.“If senior ...

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CJI Bobde hails Goa's Uniform Civil Code
30 Apr

Chief Justice of India SA Bobde hailed Goa's Uniform Civil Code and said that the state has what Constitutional framers envisaged for India."Goa has w ...

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Sebi asks 500 more companies to detail dividend norms
26 Apr

In a move to strengthen corporate governance, markets regulator Sebi on Thursday extended the dividend distribution norm to 1,000 companies from 500 e ...

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Govt seeks disclosure of crypto transactions, holdings
26 Apr

As per the latest amendments to the Schedule III of the Companies Act, 2013, the companies have to disclose profit or loss on transactions involving c ...

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‘Entrepreneurs must use data, facts, not personal biases’: Narayan Murthy
26 Apr

Entrepreneurs must use data and facts, and not personal biases and opinions, to take decisions in every transaction, said Infosys founder N R Narayana ...

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SAT quashes Sebi orders in WhatsApp leaks case
26 Apr

In a verdict that market experts said will raise the evidence threshold for proving insider trading and may also lead the Securities and Exchange Boar ...

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Govt may face 3rd failed auction unless 5G spectrum base price is cut: Rajan Mittal
26 Apr

Bharti Enterprises vice chairman Rajan Mittal has called on the government to cut 5G spectrum base prices quickly, failing which he warned the country ...

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More formal jobs created in January than in December: Payroll Data
26 Apr

More formal jobs were created in January, with 1.33 million subscribers added to the Employees’ Provident Fund Organisation (EPFO) compared to 1.25 mi ...

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Dream11's valuation nears $5 billion on $400 million fund-raise
25 Apr

Dream Sports, which owns online fantasy sports platform Dream11, has closed a $400 million funding round led by marquee global technology investors li ...

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Ex-CEO of JLR, to take over as TVS Motor chairman in 2023
25 Apr

Venu Srinivasan, who built TVS Motor Company, since 1980, into one among the top five global manufacturers of two- and three-wheelers, has decided to ...

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PSU banks to get Rs 19k cr Bhushan windfall this week
25 Apr

Public sector banks are in for a windfall this week with JSW Steel set to close the Bhushan Power and Steel acquisition for Rs 19,350 crore. As the lo ...

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Shapoorji Pallonji will sell 2 solar plants to Adani for Rs 446cr
25 Apr

Shapoorji Pallonji (SP) Group is selling two solar assets to ports tycoon Gautam Adani for an enterprise value of Rs 446 crore. The move comes as the ...

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Govt to bundle loss-making, profitable airports for sale
25 Apr

Companies looking to participate in the next airport privatisation round will have to bid for loss-making facilities along with profit-making ones. Th ...

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Foreign e-commerce companies will have to split sale price, fee retrospectively
25 Apr

Foreign e-commerce goods or service providers operating in India will have to retrospectively segregate sale prices of goods or services on the site a ...

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SC waives compound interest for all loans
24 Apr

In a huge relief to both big and small borrowers, the Supreme Court on Tuesday ruled that waiver of interest on interest would apply to loans of all a ...

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PF tax-free up to Rs 5 lakh if employer doesn’t contribute
24 Apr

The Lok Sabha on Wednesday approved tax proposals after finance minister Nirmala Sitharaman moved 127 amendments, including a minor tweak to the provi ...

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Bad loans to rise by Rs 1.3 lakh crore after SC’s nod for NPA tag
24 Apr

Lenders will see bad loans rise by Rs 1.3 lakh crore and an outgo of Rs 7,000-9,000 crore as reimbursement of interest on interest to those with loans ...

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Car and bike prices to go up from April
24 Apr

Brace for a hike in car and two-wheeler prices from next month. This will be the second hike after a similar exercise in January as companies grapple ...

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Cut approval layers for faster privatisation: Niti Aayog
24 Apr

Government think tank Niti Aayog has recommended cutting down on the layers of approval process for stake sales in state-run companies to fast-track t ...

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From crash of record 4k pts last year, sensex gains 95%, m-cap 2x
24 Apr

Tuesday marked exactly one year since the biggest sensex crash of 3,935 points to 25,981 points by close of trade on March 23, 2020. The next day, the ...

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RBI moves a step closer to issuing new bank licences
23 Apr

The Reserve Bank of India (RBI) has set up a standing external advisory committee (SEAC) headed by former deputy governor Shyamala Gopinath to evaluat ...

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AT1 bond valuation condition modified by SEBI for stepwise increase
23 Apr

To resolve issues that had cropped up between itself and the department of financial services (DFS) within the finance ministry on the issue of valuat ...

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Telecom service, hardware failure led to outage: NSE
23 Apr

A combination of completely unexpected events led to the four-hour traded halt on the NSE on February 24, according to a root cause analysis by system ...

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Centre seeks early SC ruling on HZL stake sale
23 Apr

The Union government on Monday requested the Supreme Court for an early decision in a five-year-old writ petition challenging the offloading of govern ...

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Tata, SpiceJet promoter shortlisted for Air India bids
23 Apr

Tata Group and SpiceJet promoter Ajay Singh have been shortlisted for the bid to buy out Air India, said people familiar with the development.The two ...

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Teething troubles hold up exporters tax benefits under RoDTEP scheme
23 Apr

Commerce secretary Anup Wadhawan on Monday said a few 'teething troubles' are holding up the government from notifying the tax refund rates and the ro ...

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10 days for FY21 left to invest for availing tax benefits
22 Apr

For income taxpayers, who are yet to invest in or buy financial products to complete their tax savings, there are still several options available befo ...

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Companies look for support as Sebi sops set to end
22 Apr

Fiscal 2021 will end soon and with that the Covid-related exemptions, given by markets regulator Sebi, including relief to promoters on open offer and ...

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Future moves HC against order stalling deal with RIL
22 Apr

In its ongoing legal tussle with US e-retailer Amazon, the Future Group on Saturday approached the Delhi high court to challenge an earlier order, whi ...

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Global demand boost for Indian exporters
22 Apr

Higher global demand, especially for engineering goods, chemicals and low-value lifestyle products such as carpets, has made Indian exporters’ order b ...

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Accenture’s strong bookings could mean better deal pipeline for IT firms
22 Apr

With large consulting and IT services firm Accenture reporting strong deal bookings, Indian IT services providers are bound to see a strong deal pipel ...

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Vodafone Idea repayment assurance lifts bonds
22 Apr

Vodafone Idea (Vi) is said to have assured bondholders of repayments/interest payments falling due later in the year, reviving a dry secondary market ...

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Insurance FDI bill regressive, will help foreign companies: Oppn
20 Apr

The joint opposition on Friday termed the bill to raise FDI in insurance “regressive” which will not only hurt the poor and establish the monopoly of ...

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TCS staff to get 2nd hike in 6 months
20 Apr

Tata Consultancy Services (TCS), India’s largest information technology (IT) firm, is set to roll out salary hikes for all of its over 469,000 employe ...

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Future Group likely to move division bench of Delhi HC
20 Apr

Future Group is expected to file an appeal before a division bench of the Delhi High Court against the interim order of a single judge imposing a fine ...

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New WhatsApp policy violates IT rules: MeitY to HC
20 Apr

The government has asked the Delhi High Court to restrain WhatsApp from implementing its new privacy policy in the country, saying it violates India’s ...

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Cairn case: India can challenge award only on limited grounds
20 Apr

India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK's Cairn Energy Plc $1.2 billion- ...

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Independent Directors can be paid despite loss, less profits: MCA
20 Apr

The government has introduced limits on the remuneration that companies with losses or insufficient profits can pay to independent or non-executive di ...

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Policyholders will be protected, says FM
19 Apr

The Rajya Sabha on Thursday passed the Insurance (Amendment) Bill, 2021 — which seeks to raise the foreign direct investment (FDI) cap in insurance se ...

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IRDAI sees demand for new covers in wake of pandemic
19 Apr

The Insurance Regulatory and Development Authority of India (Irdai) is expecting demand for new covers like those for business interruption and cyber ...

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Oil companies lose Rs 4 on petrol, Rs 2 on diesel due to price freeze
19 Apr

But for a 20-day pause in fuel price revision, petrol would have cost more than Rs 103 per litre in Mumbai by now and sold for about Rs 100 in many ot ...

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Blow for Biyani as HC restrains Future & Reliance from moving ahead on deal
19 Apr

The Delhi High Court on Thursday upheld Singapore Arbitrator's Emergency Award (EA) order against the Rs 24,713 crore deal between Future Retail Limit ...

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Scrapped vehicles can earn 4-6% rebate on new buys
19 Apr

Vehicle owners scrapping their old vehicles, could get “strong incentives” including a 25 per cent rebate on road-tax for personal vehicles, and 15 pe ...

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Delhi HC asks Govt, Finance Ministry and RBI to consider parity between IBC and Sarfaesi Act
19 Apr

The Delhi High Court on Thursday asked the Ministry of Finance and the Reserve Bank of India (RBI) to consider bringing in parity in certain sections ...

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P&G leverages shifts in habits
18 Apr

Self-shave is a consumer habit that has stuck since the pandemic started, as also the shift from powder detergents to liquids. According to industry d ...

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Tatas’ stake in Tata Communication will rise to 59%
18 Apr

The offer for sale (OFS) for the government’s 16.1% stake in Tata Communications closed on Wednesday with the total bid a little over 4.6 crore shares ...

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IRDAI bars widening of health covers if premiums increase
18 Apr

The Insurance Regulatory and Development Authority of India (Irdai) has said that insurers cannot make any significant changes in coverage of health i ...

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NHAI looks to award Rs 50,000 crore projects
18 Apr

The National Highways Authority of India is ramping up the pipeline of projects to be awarded in the first quarter of the next fiscal year, after awar ...

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India and Philippines most vulnerable to Capital Flight
18 Apr

India and the Philippines were the most vulnerable to a repeat of the taper tantrum of 2013 as reflation trades were lifting US bond yields, according ...

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60% of Indian mobile users aged 45-54 play games: Study
18 Apr

Gaming is believed to be popular mainly among Gen Z men, those in the age group of 18-24 years. But 60% of those in the age group of 45 to 54 years ha ...

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Diesel sales top pre-Covid levels by 7%, but LPG slips
17 Apr

India's diesel consumption increased 7% from a year ago in the first fortnight of March but demand for LPG, or household cooking gas supplied in cylin ...

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Delhivery aims for pre-IPO funding at $3 billion valuation
17 Apr

New-age logistics major Delhivery is in talks with multiple global investors, including US-based Fidelity, for funding before its initial public offer ...

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Retail at 93% of pre-Covid level in February, finds survey
17 Apr

India’s retail business reached 93% of pre-Covid lockdown levels in February on the back of better performance by consumer durables and quick service ...

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Cabinet clears introduction of bill to set up development financial institution (DFI)
17 Apr

The Union Cabinet on Tuesday cleared the introduction of a bill to set up a development financial institution (DFI) to finance infrastructure projects ...

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New movies help boost multiplex occupancy
17 Apr

Multiplexes, one of the hardest-hit industries by the pandemic, are gradually picking up steam with occupancy rate back to around 20%.A weekly occupan ...

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SC orders release of Rs. 344 cr. MF units to Dalmia Bharat
17 Apr

The Supreme Court on Tuesday ordered IL&FS Securities Services (ISSL) to release mutual fund units worth Rs 344 crore to the Dalmia Bharat Group, ...

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Fintech startup Cred valuation to hit $2 billion in $200 million funding
16 Apr

Serial entrepreneur Kunal Shah’s two-year-old startup Cred is set to be the next unicorn (startups that are valued at $1 billion or more). A new round ...

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Govt, RBI share similar policy stand on cryptocurrency
16 Apr

The government and the RBI have a similar stand on cryptocurrency, whose fate in the country will be decided by the bill proposed to be tabled during ...

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BHIM users to get in-app resolution
16 Apr

The National Payments Corporation of India (NPCI) has said that users can now get disputes on Unified Payments Interface (UPI) platform transactions r ...

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Garnier labels to show environmental impact
16 Apr

Environmental and social responsibility among brands is picking up pace as it begins to impact consumers’ choices.By the end of 2022, L’Oreal brand Ga ...

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After uproar, Haryana govt seeks industry take on private sector quota
16 Apr

The Haryana government has sought suggestions from industry bodies after its move to reserve some private sector jobs for people of the state drew upr ...

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Bill to hike FDI in insurance sector to 74% tabled in Rajya Sabha
16 Apr

Finance Minister Nirmala Sitharaman has tabled a Bill in Rajya Sabha to amend the Insurance Act to increase foreign direct investment (FDI) in the sec ...

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Not all windows to be shut for cryptocurrencies: FM
15 Apr

Finance minister Nirmala Sitharaman has indicated that not all windows for cryptocurrencies will be shut and a Cabinet note was being readied to formu ...

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Still want crypto ban, RBI to government
15 Apr

The Reserve Bank of India (RBI) is sticking to its stand over cryptocurrencies and has conveyed to the government its decision to seek a ban on such i ...

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Accenture India switches to gender-neutral policies
15 Apr

Accenture has become among the first in India to move away from gender binaries. Policies will focus on the caregiver rather than gender or marital st ...

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36 MF schemes exceed Sebi’s 10% AT1 bond investment cap
15 Apr

Banks that depend on additional tier-1 (AT1) bonds to meet their capital needs may not be out of the woods yet. This, despite a finance ministry memo ...

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5G Should Not Harm TV and Radio Services in India, Broadcasters Worried
15 Apr

The next-generation connectivity technology, 5G will be an essential part of the digital Indian ecosystem. While 5G’s use cases suggest that it will a ...

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ONGC's share in India's oil, gas production jumps to 70% from 53% 10 yrs back
15 Apr

State-owned ONGC, which is often perceived as a drag on the crude oil and natural gas produced in the country, has actually seen its contribution to t ...

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India looks to greater participation from Japan in PLI scheme: DPIIT Scy
13 Apr

With the government announcing production-linked incentive (PLI) scheme for 13 key sectors including telecom and automobiles, India is looking forward ...

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Microfin loans grow in Q3 after shrinking for 2 qtrs
13 Apr

After shrinking for two quarters due to the pandemic-induced lockdown, the microfinance sector grew 1.2% to reach Rs 2,26,500 crore as of December 202 ...

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Not planning to raise term policy rates: HDFC Life
13 Apr

HDFC Life Insurance will not do any major revision of term insurance rates, but will tighten medical underwriting to ensure that its experience does n ...

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Finance ministry asks Sebi to reverse ‘disruptive’ AT1 bonds order
13 Apr

The finance ministry on Thursday asked Sebi to reverse its directive to mutual fund (MF) houses to value Additional Tier-1 (AT1) bonds issued by banks ...

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App launched for ration card holders to get subsidised grains
13 Apr

The food ministry, on Friday, launched ‘Mera Ration’ mobile app which will help ration card holders, especially migrant workers, to avail subsidised f ...

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Commission on air pollution in NCR to shut down as ordinance lapses
13 Apr

A commission to tackle air pollution in the National Capital Region will have to shut down only five months after it was formed because the ordinance ...

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Govt targets Rs 1.3 lakh crore from rail, telecom assets
12 Apr

The government is targeting half its asset monetisation target of Rs 2.5 lakh crore from railways and telecom, while scouting for new areas, including ...

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Sebi, IFSCA look at setup for ‘blank cheque cos’ in India
12 Apr

Two government regulators — domestic markets watchdog Sebi and its counterpart for Gujarat’s GIFT City, the International Financial Services Centres A ...

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India, China voice same agri concerns at WTO
12 Apr

India and China have called upon World Trade Organization (WTO) members to address long-pending concerns over public stockholding and special safeguar ...

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ITAT denies BoI Rs 183cr refund for foreign tax
12 Apr

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has denied in a recent order a refund in respect of foreign taxes aggregating to Rs 182.6 ...

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RBI is exploring ways to regulate online loan apps
12 Apr

The Reserve Bank of India (RBI) has reached out to Google, the Digital Lenders Association (DLAI), fintech association FACE and several non-bank lende ...

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Benami property deals under scrutiny by IT Deptt.
12 Apr

A few weeks back, a Mumbai-based small business owner received a notice from the income tax department enquiring about the money spent on buying a mul ...

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RBI releases IDBI from the list of lenders facing curbs
11 Apr

IDBI Bank has finally managed to get out of the Reserve Bank of India’s (RBI’s) watchlist for troubled banks after four years. With this, the bank is ...

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Passenger vehicle sales up 18% in February on SUVs
11 Apr

Led by SUVs, Indian passenger vehicle sales remained in the fast lane in February despite pressures on supply chain due to shortages of critical compo ...

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Now hiring: ‘Temp CXOs’ for India Inc
11 Apr

A mid-sized manufacturing company wanted to consolidate its business by shutting down one of its factories. But it didn’t have a person in a senior le ...

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Executives get longer stint at top deck of PSU banks
11 Apr

For long, the government has been criticised for giving short tenures to top management of public sector companies as well as in ministries and depart ...

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Cabinet okays insurance Act amendments
11 Apr

The Union Cabinet on Wednesday approved an amendment to the Insurance Act, 1938, to increase the foreign direct investment cap in the sector to 74% fr ...

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Two rly station named to operate under PPP
11 Apr

Habibganj in MP and Gandhinagar in Gujarat will be Indias first railway stations to be operationalised under public-private partnership scheme as the ...

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Hope to Fix Tracking Issue, But Encryption Stays: WhatsApp
10 Apr

WhatsApp head Will Cathcart has said he is hoping to find solutions to address the government’s traceability concerns on the platform without breaking ...

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Can you think inside the box? You’re hired: India Inc.
10 Apr

Are you good at problem-solving with good interpersonal skills? Do you have strong technical skills with a humanities background? Can you think inside ...

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Hiring may hit pre-Covid level by year-end: Survey
10 Apr

India Inc is getting more optimistic about business prospects and the job market is likely to gain ground in the upcoming quarter (April-June), with a ...

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Volvo India to exit diesel, plans to go full electric
10 Apr

Swedish luxury carmaker Volvo will be phasing out diesel cars from India by the end of this year and gradually move over to only electrics as the comp ...

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Centre-state cooperation needed to boost infra: FM
10 Apr

Finance minister Nirmala Sitharaman on Tuesday said that asset monetisation needs to be viewed not just as a funding mechanism, but as an overall stra ...

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Ease of doing business: License seeking eased for petrol, explosives-related activities
10 Apr

Firms and entities seeking license from the Petroleum and Explosives Safety Organisation (PESO) can now do so online with the government having conver ...

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India's domestic air traffic falls 37% to 78 lakh passengers in Feb: Icra
09 Apr

India's domestic air traffic fell 37 per cent year-on-year to 78 lakh passengers in February amid travel curbs and capacity restrictions due to the pa ...

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Rethink to abolish Intellectual Property Appellate Board
09 Apr

A group of industry associations on intellectual property has asked the government to reconsider a proposal to abolish the Intellectual Property Appel ...

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Spike in Covid-19 cases takes toll on business recovery
09 Apr


Nomura Global Markets Research flagged that the sharp resurgence in pandemic cases in some states and the expected spike due to upcoming elections ...

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Uber India not liable for TDS in earlier years: ITAT
09 Apr

A litigation that has been brewing for the past several years is now settled with the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) holding ...

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BPCL trust to sell at least 4% in block deals today
09 Apr

About 8.7 crore shares, representing 4% of refining and oil marketing company Bharat Petroleum Corp (BPCL), are expected to be sold on the stock excha ...

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Credit-wary women up home loan share
09 Apr

Women have sharply increased their share of home loans, but have turned averse to personal loans and credit cards in the wake of the pandemic. Women a ...

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Work from home helps married women return to work
08 Apr

Last year, when Divya Kohad, 27, got married, she had to quit her job in Bengaluru because her husband was based in another city. Divya wanted to spen ...

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Oyo in breach of binding agreement with Zo Rooms: Arbitrator
08 Apr

An arbitrator appointed by the Supreme Court has ruled that hospitality startup Oyo was in breach of its agreement with its smaller rival Zo Rooms in ...

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Cabinet to decide on tax waiver, HQ for new DFI
08 Apr

The Union Cabinet will soon decide on offering tax waiver to the proposed development financial institution (DFI) in the initial years of its operatio ...

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Fraudulent loans cannot be sold to bad bank: RBI
08 Apr

The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public ...

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Industry seeks clarity on Haryana’s jobs bill
08 Apr

Companies and staffing firms have sought clarity on the Haryana government’s reservation bill, on whether the 75% reservation for private sector jobs ...

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Separate fund under EPFO likely for new individuals
08 Apr

The government could create a separate fund under the Employees’ Provident Fund Organisation (EPFO) for contributions from individuals who join the sc ...

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Centre's guidelines for social media, OTT platforms have 'no teeth': SC
06 Apr

Observing that rules recently framed by the Centre to prevent misuse of social media and OTT platforms may not be effective as they lack penal provisi ...

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Finance Ministry: Economy To Do Better Than -8% GDP Growth Prediction
06 Apr

The Indian economy is likely to do better than the projection of an 8% shrinkage in the current fiscal as economic activity gathers pace with mild sti ...

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From peak of Rs 56k in Aug, gold plunges to near Rs 43k
06 Apr

After a strong run that had lasted about nine months, gold in India is on a slide with its price during intraday trade on Friday nearing the Rs 43,000 ...

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RIL to cover vax cost of staff
06 Apr

India’s largest company in terms of market value, Reliance Industries (RIL), will bear the Covid-19 vaccination cost for its employees and their immed ...

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New-age desi tech companies use cryptocurrency for pay, perks
06 Apr

New-age tech companies are satiating their young workforce’s growing desire for digital money by using a workaround to pay either part of their salary ...

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Lenders to Bhushan Power have accepted JSW Steel’s resolution plan
06 Apr

Lenders to Bhushan Power have accepted JSW Steel’s Rs 19,350-crore resolution plan for the stressed asset. They have also agreed to refund the money i ...

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Banks may seek extension of freeze on NCLT proceedings
05 Apr

Bankers are worried that there will be a flood of applications at the National Company Law Tribunal (NCLT) after the government suspension of insolven ...

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Tata to go solo, no tie-up with Tesla, says Tata Sons Chairman
05 Apr

Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is “no dialogue” wit ...

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Fuel prices set to shoot up as OPEC+ extends output cut
05 Apr

The OPEC+ grouping of major oil-producing countries on Thursday extended the current production cuts to April, a move that is likely to send fuel pric ...

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Arcelor Mittal to invest ₹ 50k Cr. to set up steel plant in Odisha
05 Apr

A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in ...

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Tata Super App delayed again as Tata-BigBasket deal awaits CCI nod
05 Apr

The official launch of Tata Digital’s Super App, which had been slated for this month, has been delayed as the company awaits approval from the Compet ...

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Cognizant to hike bonus, offer more promotions
05 Apr

At a time when its voluntary attrition rate is the highest in the sector at 16% for the December-ended quarter, IT major Cognizant is rewarding top pe ...

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Double taxation unlikely for those stranded in India: I-T
04 Apr

The government on Wednesday said that a person, who may have been stranded in India due to suspension of international flights, may be categorised as ...

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Startups tap new investors amid uncertainty on China FDI
04 Apr

Amid scrutiny of Chinese capital, Indian startups which have raised funds from Chinese investors in the past are now tapping new investors that do not ...

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Distributors urge Jeff Bezos not to block Future-RIL deal
04 Apr

At a time when two of the world’s richest men, Mukesh Ambani of Reliance Industries (RIL) and Amazon founder Jeff Bezos are fighting over India’s boom ...

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Paytm Money sees Rs 1,500 crore mutual fund inflows amid Covid
04 Apr

Mutual fund investments through Paytm’s investment arm, which was launched in September 2018, have crossed the Rs 5,000-crore mark with over Rs 1,500 ...

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Coal India not to give a push to labour intensive new mines: Chairman
04 Apr

Coal India will not start new coal mines which require handing out large scale employment against land acquisition besides investing Rs 1.26 lakh cror ...

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Adani Group to buy stake in Gangavaram Port in AP
04 Apr

Adani Group is planning to take control of Gangavaram Port in Andhra Pradesh as it looks to strengthen its position as the country’s largest port oper ...

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No need to deduct Tax at source on software imports: SC
03 Apr

The Supreme Court (SC) on Tuesday ruled that payments made by resident Indian end-users or distributors (such as technology companies) to overseas sup ...

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Suspend a/c for ad words bidding war: Delhi HC to Google
03 Apr

In a significant interim ruling, the Delhi high court has directed search engine major Google to suspend an advertising account on its Ad Words progra ...

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85% Indian women miss out on raise, promotion
03 Apr

About 85% of Indian women have missed out on a raise or promotion because of their gender, according to LinkedIn’s Opportunity Index 2021 report. The ...

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Exports slip by 0.3% in February, imports grow 7%
03 Apr

India’s exports dipped 0.3% to $27.7 billion, largely due to lower global oil prices, while imports rose 7% to $40.6 billion, resulting in a higher tr ...

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RBI raises concerns over money-laundering checks
03 Apr

The central bank has asked several non-bank finance companies (NBFCs), housing finance companies and co-operative banks to get their house in order ov ...

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Airlines in hiring mode, to expand fleet and network
03 Apr

In a semblance of recovery in India’s aviation industry, some airlines have begun hiring as they expand fleet and network curtailed during the first f ...

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Spectrum sale: Government gets bids for over Rs 77,000 crore
02 Apr

The government was assured of the second highest haul from spectrum auctions as it got bids worth Rs 77,146 crore on the opening day of the mobile air ...

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Manufacturing activity eases marginally in February
02 Apr

Manufacturing activity in India eased marginally in February and employment decreased further amid the Covid-19 restrictions, a private survey showed ...

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NHAI plans 5,000 km roads per year
02 Apr

The National Highways Authority of India is working to identify bottlenecks in the road construction sector to up its average yearly road construction ...

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All engines of demand starting to fire, says RBI
02 Apr

The RBI’s state of the economy note has said that there is economic recovery with drop in Covid cases and “all engines of aggregate demand are startin ...

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SBI, Kotak cut home loan rates to new lows
02 Apr

In a bid to grab as many home loan customers as possible before the fiscal year ends, State Bank of India (SBI) and Kotak Mahindra Bank have sweetened ...

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Govt. received bid for SCI from GE Shipping, Watsa’s Fairfax, Vedanta
02 Apr

The stage is set for a battle for Shipping Corporation of India’s (SCI’s) privatisation, with the government receiving multiple bids, including from G ...

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Chartered accountant firms, hospitals under taxman’s lens
01 Apr

Chartered accountant firms and hospitals are under scrutiny after the revenue department found mismatches between their income tax and indirect tax fi ...

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ICAI pulls up students for social media posts
01 Apr

The Institute of Chartered Accountants of India (ICAI) has initiated disciplinary proceedings against some students for their social media posts and c ...

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Odisha keen to sign up for PLI scheme for electronics and IT
01 Apr

Odisha is keen to sign up for the Production Linked Incentive (PLI) scheme for electronics and information technology as the industry is one of the si ...

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Spectrum auctions to start today, first time in 5 years
01 Apr

The government will begin the auction of mobile telecom airwaves for the first time in five years from Monday as around 2,250MHz of spectrum — worth n ...

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Missed year’s target? A good qtr may help
01 Apr

Companies are likely to junk strict annual targets this appraisal season and may favour a more dynamic approach, giving managers the freedom to revisi ...

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Lenders may get dues from NHAI
01 Apr

The government has sought to address a key irritant for banks and financial institutions that was making them averse to lending to highway projects.Af ...

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Explore PPP for viable projects in National Infrastructure Pipeline:FM
27 Apr

Finance minister Nirmala Sitharaman said that there is a need to explore public private participation (PPP) mode for viable projects and use governmen ...

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Govt extends EOI deadline for BEML till March 22
27 Apr

The government has extended the deadline for receiving expression of interest (EoIs) for strategic disinvestment of (BEML) from potential bidders to M ...

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Core sector output rises 0.1% in January
27 Apr

India’s eight core sectors recorded a meagre 0.1% rise in output in January, propped up by a 5.1% rise in electricity, 2.7% growth in fertilisers and ...

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Rising fuel cost pushes India Inc to hike prices
27 Apr

Rising fuel expenses are having a cascading effect on manufacturing costs across sectors, which is resulting in higher prices for the end consumer. On ...

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Rupee sinks 105 paise, worst fall since March
27 Apr

The domestic currency crashed by over a rupee against the dollar on Friday to close at 73.47 — the biggest single-day fall since the post-pandemic cra ...

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Need same inflation target for 5 more years: RBI
27 Apr

The Reserve Bank of India has said that the current inflation target of 2-6% should continue for the next five years as consumers still have expectati ...

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Private asset reconstruction companies will need cash to boost bad loans business
26 Apr

Private asset reconstruction companies (ARCs) will need to come up with upfront cash or provide bank guarantees if they intend to compete with the nat ...

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Moody’s ups GDP growth forecast to 13.7% in FY22
26 Apr

Global ratings agency Moody’s expects India’s economy to grow by13.7% in 2021-22, higher than its previous estimate of 10.8% expansion as economic act ...

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Xiaomi boosts India phone making capacity by 20%
26 Apr

Chinese electronics giant Xiaomi is expanding its India phone production capacity by 20% and is looking to make gains from the government’s production ...

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Bad bank will be a new ARC set up by PSBs: Central bank governor
26 Apr

Central bank governor Shaktikanta Das on Thursday said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, wil ...

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Govt notifies new rules governing digital media
26 Apr

The Centre on Thursday notified new regulations governing the digital media industry to ensure greater compliance with local laws, in a move expected ...

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Messaging apps may lose biggest USP
26 Apr

Messaging apps WhatsApp, Telegram and Signal may should dilute their biggest privateness proposition for tens of millions of customers in India — end- ...

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Aditya Birla Fashion ties up with Tahiliani in ethnic push
25 Apr

Weeks after picking up a majority stake in Indian couture brand Sabyasachi, Aditya Birla Fashion and Retail (ABFRL) has struck a deal with New Delhi-b ...

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Indian arm of Mexican company buys Modern Foods
25 Apr

Modern Foods, the company behind the iconic bread and bakery brand ‘Modern’ breads — is changing hands once again.Singapore-based private equity firm ...

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Centre lifts embargo on private banks for government business
25 Apr

The Centre on Wednesday announced that it has lifted the embargo on private sector banks for the conduct of government-related banking transactions, s ...

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NSE faces over 5-hour tech glitch, puts traders on edge
25 Apr

The National Stock Exchange (NSE), India’s largest bourse, suffered an over five-hour tech glitch from about 10am on Wednesday. The incident prompted ...

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Cabinet decisions: Biggies to benefit from PLI for pharma, IT hardware
25 Apr

The Cabinet on Wednesday cleared production-linked incentive (PLI) schemes for pharmaceuticals and IT hardware, including laptops, which would cost th ...

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Innovaccer blazes into unicorn club as valuation trebles in seven months
25 Apr

In Silicon Valley’s treadmill of vaulted ambitions, venture capital and valuations, a company founded by a duo from IIT Kharagpur and an old colleague ...

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RIL moves to hive off oil-to-chemicals biz for investors
24 Apr

Reliance Industries Ltd (RIL) has announced an arrangement for hiving off its O2C (oil to chemicals) business into a wholly-owned subsidiary, which ca ...

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Copper prices on fire; India import bill could rise by 35%
24 Apr

A combination of factors record high copper prices coupled with aggressive buying by China and the largest copper smelter in India remaining shut for ...

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Develop products that are built for privacy: Satya Nadella
24 Apr

Microsoft CEO Satya Nadella said on Tuesday that as technology becomes all pervasive in our lives, privacy will become a fundamental right. He added t ...

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Co-working spaces see 80% demand recovery
24 Apr

Co-working companies are seeing a revival in interest after a pandemic-hit year as some companies — mostly small and medium enterprises — slowly bring ...

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Industry bodies push back against MeitY’s new blockchain roadmap
24 Apr

India’s fledgling blockchain technocrats are dismayed with the roadmap announced by the Ministry of Electronics and Information Technology (Meity) in ...

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Govt's skill upgrade programme for unskilled labourers under MGNREGA fails to take off
24 Apr

The government’s skill upgrade programme for unskilled labourers under Mahatma Gandhi National Rural Employment Guarantee scheme labourers has failed ...

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SC restrains NCLT from approving Rs 24,000 FRL-Reliance scheme
23 Apr

The Supreme Court on Monday allowed National Company Law Tribunal (NCLT), Mumbai, to continue proceedings on Kishore Biyani-led Future Retail Ltd plea ...

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US-based Indian entrepreneur claims big stake in Paytm’s parent entity.
23 Apr

A US-based Indian national has demanded a significant stake in One97 Communications, Paytm’s parent entity, along with a board seat and recognition as ...

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Inactive Mobikwik users face maintenance charge
23 Apr

E-wallet Mobikwik is going to charge consumers anywhere between Rs 100 and Rs 140 as “wallet maintenance charge” from inactive users, a first in the I ...

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Stress in retail loans of banks may triple by FY22 end: Ind-Ra
23 Apr

Stress in retail loans could triple by the end of FY22 due to a slowdown in income growth and slower pace of job creation in the service sector, credi ...

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‘Growth momentum needs to be strengthened’: RBI governor
23 Apr

The growth momentum needs to be strengthened for a sustained revival of the economy and a quick return to the pre-COVID trajectory, RBI Governor Shakt ...

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Small developers continue to win solar auctions
23 Apr

Small and mid-sized renewable energy developers in the country are increasingly bidding for solar power generation tenders, powered by freshly raised ...

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Fully provided NPAs may go to proposed bad bank
22 Apr

Banks will transfer sticky loans to the proposed ‘bad bank’ that have been fully provided for in their books. This will be done after lenders with at ...

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Indian investors will see wealth erosion if government bans crypto trade
22 Apr

A ban on cryptocurrencies like Bitcoin may result in wealth erosion for about 1 crore Indian investors, including 10 lakh traders, who are estimated t ...

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No need for frequent policy change: Amazon India chief
22 Apr

Amazon India head Amit Agarwal has cautioned in opposition to “abrupt” and “unnecessarily frequent policy change” as it’ll damage the e-commerce secto ...

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BigBasket slaps notice on Daily Basket for use of 'basket' in name
22 Apr

India's largest online grocery portal BigBasket has served a cease and desist notice to startup Daily Basket for using the word 'basket' in its name. ...

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3 construction stocks that may be on the road to re-rating
22 Apr

Buoyed by the bull run in construction stocks of late, investors may be wondering if there is some steam left.Interest in infrastructure stocks has pi ...

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ITAT allows Rs. 3.7 cr. paid by Tata Chemicals to use logo of parent company.
22 Apr

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has allowed Rs 3.7 crore paid by Tata Chemicals for using the ‘TATA’ logo as a business deduc ...

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Bitcoin steams to new record, nears $1 trillion market cap
20 Apr

Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnin ...

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Government eases compliance burden on unlisted companies
20 Apr

In a significant change in rules, the government has eased the burden on unlisted Indian companies from compliance requirements under the Companies Ac ...

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Government to appeal against Cairn ruling
20 Apr

Cairn Energy Plc’s pitch for an early settlement of its claims hasn’t cut ice with the government, which is all set to appeal against an international ...

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Indian IT sector likely to hit $350 billion by 2026, says McKinsey report
20 Apr

The Indian information technology (IT) industry is expected to touch $300-350 billion in terms of revenue over the next five years, McKinsey has state ...

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IKEA to invest Rs. 5500 cr. in Noida commercial real estate
20 Apr

Swedish furniture giant Ikea is all set to increase its presence in India. Uttar Pradesh government on Friday signed a Memorandum of Understanding (Mo ...

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China Mulls Easing Capital Controls on Offshore Investments
20 Apr

China is considering relaxing restrictions to allow its citizens to invest in securities outside its mainland in a bid to facilitate two-way capital f ...

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GST on gas to lower prices, boost volumes
19 Apr

The stocks of the natural gas producers and distributors reported buoyancy on Thursday following the Prime Minister’s statement to bring gas under the ...

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More defaulters under RERA watchlist
19 Apr

After witnessing inordinate delays in the project completion, the Real Estate Regulatory Authority (Rajasthan-RERA) gears up to issue more notices dev ...

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Supreme Court asks lenders to give Fortis share sale’s details
19 Apr

The Supreme Court on Thursday directed 17 lenders, banks and financial institutions to explain the share sale by Fortis Healthcare's former promoters ...

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RBI tightens norms for e-payments
19 Apr

The Reserve Bank of India (RBI) has tightened payment security norms, making banks and other regulated entities more responsible for apps provided by ...

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Piramal’s plan for DHFL resolution gets RBI nod
19 Apr

The Reserve Bank of India (RBI) has cleared the way for Piramal Capital and Housing Finance’s acquisition of DHFL by approving its resolution plan. Th ...

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Over 90% of companies plan to give hikes this year
19 Apr

After tightening during the pandemic, organisations are set to loosen purse strings and reward employees. Over 90% of companies plan to give a raise t ...

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Govt. may challenge international tribunal’s Cairn tax order
18 Apr

The government is in no mood to relent in its fight to recover $1.2 billion in tax claims from Cairn and is looking to appeal against the internationa ...

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Hyundai lines up Rs 3,200 crore to ramp up India portfolio
18 Apr

Hyundai Motor will invest more than Rs 3,200 crore in India in four years to expand product portfolio and launch cars, including a series of electric ...

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Nirmala Sitharaman tells Sebi to bring out markets law code soon
18 Apr

Finance minister Nirmala Sitharaman met Sebi board members on Wednesday and asked the markets regulator to implement the Budget proposals relating to ...

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Airtel to buy 20% in DTH arm for Rs. 3k cr
18 Apr

Bharti Airtel on Wednesday said it will acquire 20 per cent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,1 ...

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Term cover costs set to go up as reinsurers hike life rates
18 Apr

Indian life insurance companies are set to hike premiums for their term plans after several reinsurers increased rates for underwriting portfolios of ...

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Foodgrains production to hit record high in 2020-21
18 Apr

The nation is probably going to obtain an all-time high foodgrains production of over 297 million tonnes in 2020-21, the fifth consecutive 12 months o ...

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Tata Group seek CCI nod to acquire Bigbasket
17 Apr

Tata Group has sought Competition Commission of India’s approval on its deal to buy a majority stake in Bigbasket, indicating that the two enterprises ...

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Bitcoin vaults above $50,000 for first time ever
17 Apr

Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world's biggest cryptocurrency is gaining ac ...

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Amazon to make devices in Chennai, cut China sourcing
17 Apr

Amazon India said it will start local manufacturing of its devices here, reducing its dependence on China. This would give a leg up to the government’ ...

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FMCG up 7.3% in Oct-Dec on festive, rural demand
17 Apr

Marking a gradual return to normalcy, India’s fast moving consumer goods (FMCG) industry bounced back with a growth of 7.3% in the October-December qu ...

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Cognizant puts up $30 million for employee retention
17 Apr

In an unusual move and in a bid to tackle its high attrition rate, Cognizant has set up a $30-million corpus, dubbed as a retention fund, to hold back ...

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Unacademy acquires networking platform TapChief
17 Apr

The deal value was not disclosed.“Our endeavour at Unacademy has always been to democratize education and make learning accessible and affordable for ...

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Cooking gas price hiked by rs. 50 per cylinder
16 Apr

People will have to shell out much more money since the prices of 14.2kg liquefied petroleum gas (LPG) cylinders have been raised by Rs 50 per unit. A ...

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BP, Reliance Industries Ltd seek end to cap on gas prices
16 Apr

BP and Reliance Industries have sought an end to the natural gas price ceiling that has halved in a year to $4 per unit, limiting gains to producers o ...

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Wholesale inflation rises to 2.03% in Jan from 1.22% in Dec
16 Apr

Wholesale inflation, calculated on the basis of Wholesale Price Index (WPI), increased to 2.03 per cent in January, in comparison to 1.22 per cent in ...

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Delhi Gymkhana to get govt administrator, rules NCLAT
16 Apr

In a major relief to the government, the National Company Law Appellate Tribunal (NCLAT) has acceded to its demand to appoint an administrator to over ...

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Former Nigerian FM is first woman, African WTO head.
16 Apr

Members of the World Trade Organization (WTO) on Monday appointed Nigeria’s Ngozi Okonjo-Iweala as the first woman and African head of the multilatera ...

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Byju’s set to acquire Toppr in a $150 Mn deal
16 Apr

Edtech unicorn Byju’s has emerged as the largest acquirer in the space. After the $300 million acquisition of WhiteHat Jr, the Bengaluru-based venture ...

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Refund rates for exporters not decided even in 45-day-old SOP
15 Apr

Even after 45 days of rolling out the new scheme to refund taxes and duties paid by exporters, the finance ministry is yet to decide on the rates, ami ...

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Amazon wanted $40m to drop its ‘right of first refusal’: Future
15 Apr

US e-tail giant Amazon had asked for $40 million to forego its “right of first refusal” to buy Future Group’s assets in Future Retail, the Indian reta ...

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Engg R&D rainmakers bag mega deals from home offices
15 Apr

Engineering R&D services is becoming increasingly one of India’s big success stories. Deals in the segment had it rough in early 2020, like most d ...

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Stuck Franklin MF investors to be repaid partly this week
15 Apr

After almost 10 months, about 3 lakh investors in five of Franklin Templeton Mutual Fund’s six debt schemes that are in the process of closing down wi ...

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Top NBFCs seek a glide path for switch to banking business
15 Apr

Non-bank finance companies (NBFC) have suggested that the central bank lay down a transition path for top-tier shadow lenders wishing to convert into ...

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About 12% EPFO subscribers yet to get interest payment for FY20
15 Apr

At least 6 million, or 10-12%, of Employee Provident Fund Organisation's (EPFO) subscribers will have to wait longer for their 2019-20 interest paymen ...

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FM lashed out at the opposition for creating a false narrative that the budget was pro-rich
13 Apr

Citing the string of pro-poor measures such as free ration and cooking gas rolled out by the government, finance minister Nirmala Sitharaman on Friday ...

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India is Asia’s best post-Covid story: Jefferies equity head
13 Apr

The global head of equity strategy for international broking house Jefferies, Christopher Wood, has said that India was the best post-Covid recovery s ...

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Tata Motors gets Daimler veteran Llistosella as CEO
13 Apr

Daimler veteran Marc Llistosella will replace Guenter Butschek as the CEO of Tata Motors. The management restructuring comes amid Tata Motors striving ...

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SBI MF to liquidate remaining assets
13 Apr

The Supreme Court on Friday directed that SBI MF liquidate the remaining assets in the six debt mutual fund schemes of Franklin Templeton and distribu ...

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Farm laws to empower marginal farmers: CEA
13 Apr

The intent of the new farm laws is to empower marginal farmers and anything else being said about them are rumours, chief economic adviser (CEA) KV Su ...

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Retail inflation at 16-month low, factory output up 1%
13 Apr

Retail inflation slowed to a 16-month low in January on the back of cooling of some food items, while industrial output growth clawed back into positi ...

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Lakshmi Mittal passes the steel baton to son Aditya
12 Apr

ArcelorMittal named Aditya Mittal as its new CEO, marking a generational shift as a leaner steelmaker emerges from the pandemic. The 45-year-old serve ...

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Koo app denies data leak, says email exposure 'fixed'
12 Apr

Amid rising downloads, homegrown social media app Koo found itself in the middle of some controversies involving a Chinese investor as well as a data ...

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Google may lead $300 million round in ShareChat app
12 Apr

Amid the increasing spotlight on home-grown social networks and micro-blogging platforms, local social network ShareChat is in the final stages of tal ...

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MGNREGS work allocation slows considerably, according to government data
12 Apr

The number of rural households that didn’t get work under the Mahatma Gandhi National Rural Employment Guarantee scheme soared to 7.8 million in Janua ...

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Domestic flying gets costlier, as government increases fares by up to 30%
12 Apr

Domestic passengers will have to pay more as the government today raised the caps on fares by up to 30% across sectors. While the lower cap has been r ...

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Govt earned over Rs 100 crores by sharing vehicle registration data with private entities: Gadkari
12 Apr

The authorities has earned over Rs 100 crores by offering entry to Vahan and Sarathi databases to private entities, Union transport minister Nitin Gad ...

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Supreme Court asks lenders to give Fortis share sale’s details
12 Apr

The Supreme Court on Thursday directed 17 lenders, banks and financial institutions to explain the share sale by Fortis Healthcare's former promoters ...

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Proposal to make vehicles E20 fuel compliant by 2025
11 Apr

The Centre is “actively considering” a proposal to make vehicles compliant with E20 fuel by 2025, in line with its plan to promote alternate and green ...

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Higher EMD to allow Reliance Jio, Airtel to bid for all 4G bands
11 Apr

Reliance Jio is said to have deposited earnest money of over Rs 9,000 crore, which would give it the option to buy 4G spectrum worth Rs 45,000-66,000 ...

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Poonawalla buys 60% in Magma Fincorp.
11 Apr

Vaccine king Adar Poonawalla has acquired Magma Fincorp by investing in a fresh issue that will give him 60% control of the private lender and its aff ...

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SBI’s home loans cross Rs 5L crore
11 Apr

The country’s largest lender SBI on Wednesday said that its home loan book has crossed the Rs 5-lakh-crore mark and that it plans to double the portfo ...

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Sebi fines NSE Rs 1 Cr, 2 ex-MDs Rs 50 lakh for co-location scam
11 Apr

Sebi on wednesday fined the NSE Rs 1 crore and two of its former MDs — Ravi Narain and Chitra Ramakrishna — Rs 25 lakh each for omissions and commissi ...

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Sebi may compensate investors losses due to tech faults
11 Apr

Markets regulator Sebi is considering putting in place a system for compensating investors for losses incurred due to technical glitches at exchanges, ...

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Existing laws inadequate to deal with cryptocurrency: Govt
10 Apr

The government on Tuesday said that existing laws are inadequate to deal with cryptocurrency. It has proposed to introduce a legislation to keep an ey ...

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Bitcoin trades in India surge four times within 24 hrs.
10 Apr

Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s ...

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Want to ensure e-comm cos work in spirit of law: Comm & industry minister
10 Apr

Want to ensure e-comm cos work in regulation of law: Comm & industry ministerCommerce and industry minister Piyush Goyal on Tuesday said that the ...

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HDFC Bank beats SBI in Covid scheme loans
10 Apr

HDFC Bank has outdone State Bank of India (SBI) in disbursements under the Emergency Credit Line Guarantee Scheme (ECLGS) introduced by the government ...

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Altico set to surrender NBFC license as restructuring nears completion
10 Apr

Debt laden real estate financier Altico Capital, which had been backed by heavy weight investors like Abu Dhabi Investment Council, Varde Partners and ...

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Urban poor still not spending much on FMCG
10 Apr

Urban poor consumers, impacted by job losses and low wages, are dragging down the growth of overall FMCG market, which has revived mainly on higher de ...

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HC lifts stay on Future-RIL deal
09 Apr

In a setback for US e-commerce giant Amazon, a two-judge bench of the Delhi high court lifted the status quo on Future Group’s deal with Reliance Indu ...

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Tesla invested $1.5 billion in bitcoin, may accept crypto payment
09 Apr

Tesla invested $1.5 billion in bitcoin and signalled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a new re ...

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SoftBank will have up to 20 IPOs a year: CEO
09 Apr

SoftBank CEO Masayoshi Son said he is expecting a “rhythm” of 10-20 initial public offerings (IPOs) a year from his portfolio companies globally. He d ...

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Byju’s to be ICC’s global partner in Rs 130 crore deal
09 Apr

After becoming the Indian cricket team’s official sponsor, edtech major Byju’s has now signed a deal in the range of Rs 120-130 crore to become a glob ...

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HCL Tech to pay staff Rs 700cr bonus
09 Apr

HCL Technologies on Monday announced a special one-time bonus worth over Rs 700 crore for its employees, as the IT giant marked USD 10 billion (about ...

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Companies registration jumps 21% in April-December
09 Apr

There is a massive spurt in the number of new companies that were registered in the country during the first nine months of the financial year.Latest ...

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Budget puts India on path to $5 trillion economy: Amit Shah
08 Apr

In May last year, at the peak of the pandemic, the PM laid down the broad contours of India’s recovery path with a visionary Aatmanirbhar Bharat (self ...

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Proposed tax on PF interest Will only affected 1% employee's.
08 Apr

The proposed tax on Provident Fund interest has come like a bolt from the blue for high-income earners and HNIs who squirrel away huge sums into this ...

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Amazon, others commit Rs 500 crore to proposed social security fund for Gig workers
08 Apr

More than a dozen companies including Amazon, Flipkart, Swiggy, Ola and Uber have committed about Rs 500 crore to the government’s proposed social sec ...

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Adani Group acquires 23.5% stake in Mumbai International Airport
08 Apr

Adani Group's flagship holding company Adani Airport Holdings Ltd (AAHL) has acquired 23.5 percent stake in the Mumbai International Airport Ltd (MIAL ...

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Over 300 PSUs may shrink to two dozen only
08 Apr

The government may reduce the number of public sector enterprises to just around two dozen, from over 300 at present, following the new policy that fo ...

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Health insurance claims for vector-borne diseases fell by nearly 20% in last year.
08 Apr

Health insurance claims for vector-borne diseases fell by nearly 20% in the previous year due to the emphasis on sanitation amid the pandemic. The sha ...

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RBI holds interest rates, forecasts 10.5% GDP growth for FY22
06 Apr

The Reserve Bank of India (RBI) on Friday kept interest rates on hold but promised to retain the policy stance as accommodative to support growth as l ...

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RBI makes it easy for retail investors to invest in govt bonds
06 Apr

The RBI said on Friday that retail investors would very soon be able to directly buy and sell government securities (G-Secs).A difficult proposition n ...

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Handset makers want proposed duty on mobile components rolled back
06 Apr

Mobile handset makers have urged the government to roll back the 2.5% customs duty on some components proposed in the budget. They have argued that th ...

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Online investment platform Vested raises $3.6 million in seed funding
06 Apr

California-headquartered online investment platform, Vested, which enables Indian investors to buy US stocks has raised $3.6 million in seed funding f ...

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Fitch says telecom industry set for 40% jump in FY21 operating income
06 Apr

Rating agency Fitch estimates operating incomes of the telecom industry to increase by 40% in this fiscal end (FY20-21) compared to 25% in the previou ...

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UK may take up scotch ban in defence stores with India
06 Apr

The UK is expected to raise the issue of a sales ban on scotch in canteen store department(CSD) of the defense, while also nudging the government to i ...

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PF tax prompted by high net worth individuals availing tax waiver through PF fund
05 Apr

A government study ahead of the budget found that about 123,000 people had a combined Employees Provident Fund (EPF) corpus of Rs 62,500 crore in FY19 ...

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MCA to launch random e-scrutiny of corporate filings
05 Apr

The ministry of company affairs (MCA) is about to launch random digital scrutiny of company filings later this 12 months because it seeks to use exper ...

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Power consumption grow nearly 6% in January
05 Apr

India's power consumption increased to a three-month high of nearly 6 per cent at 111.43 billion units (BU) in January 2021, showing spurt in economic ...

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RIL exits another US shale venture for $250 million
05 Apr

Reliance Industries Ltd (RIL) has sold its stake in the shale gas assets in the Marcellus shale play (basin) of southwestern Pennsylvania of US to Del ...

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Centre and SEBI to change rules for persuading FPIs to move to india
05 Apr

The government is working with the capital market regulator to tweak the rules to support the budget’s intent to persuade foreign portfolio investors ...

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PhonePe gives ESOP shares worth over Rs 3 lakh to every level employee
05 Apr

In one of the largest employee stock ownership plans (ESOP) by a startup, payments major PhonePe has issued shares worth over $200 million or Rs 1,500 ...

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Only a few PSUs to remain in key strategic sectors: Niti Aayog CEO
04 Apr

Niti Aayog CEO Amitabh Kant says there will be a few PSUs in strategic sectors once the public sector policy is rolled out and the Budget for 2021-22 ...

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Sebi bans Kishore Biyani for insider trading for 1 year
04 Apr

Markets regulator Sebi on Wednesday banned Kishore Biyani, the main promoter of Future Group, and four other related entities from the market for one ...

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Jeff Bezos to step down as CEO of Amazon and next CEO Andy Jassy
04 Apr

Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive ...

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Due to Increasing e-pays drown core banking solutions
04 Apr

The high frequency of digital payment transactions is forcing banks worldwide to go for a ‘lite’ version of core banking solution (CBS) by decoupling ...

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Re-registration, fitness test fees of old vehicles may be hiked
04 Apr

The government is likely to increase the registration renewal cost for personal vehicles and the fitness certification fee for commercial vehicles, in ...

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Number of centrally sponsored schemes now 33 from 31
04 Apr

The budget has increased the number of centrally sponsored schemes to 33 from 31 now, adding three new schemes while doing away with one old scheme an ...

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Govt’s appeal against Vodafone admitted in Singapore court
03 Apr

Central Board of Direct Taxes (CBDT) chairman P C Mody on Tuesday confirmed that the government has moved Singapore court against an arbitration tribu ...

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Exports rose 5.37% in January to $27.24 billion.
03 Apr

Driven by growth in exports of engineering goods, and drugs and pharmaceuticals, India’s outbound shipments rose for the second consecutive month in J ...

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Govt allowing any power company to supply power in any area
03 Apr

The government will delicense the electricity distribution sector to end monopolies, allowing any company to supply power in any area, power and renew ...

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LIC policyholders can get 10% of IPO: DIPAM Secretary
03 Apr

The privatisation policy announced in the 2021-2022 Budget is a watershed reform like 1991, Dipam secretary Tuhin Kanta Pandey told . he detailed the ...

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Delhi HC freezes Future-RIL deal till final order
03 Apr

In a relief to Amazon, the Delhi high court on Tuesday said it is of the “clear view” that the emergency award (EA) by the Singapore International Arb ...

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No govt stake in lenders’ Assets reconstruction company
03 Apr

Economic affairs secretary Tarun Bajaj on Tuesday made it clear that the proposed asset reconstruction company (ARC) will be set up by private and pub ...

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Stock Markets rejoice the Budget proposals giving boost to govt. investment
02 Apr

Dalal Street investors gave a big thumbs-up to the FM’s Budget proposal that boosted government investments at a time when private sector players are ...

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FM Announced privatisation of 2 banks and 1 Insurance company
02 Apr

Nearly two decades after an NDA government’s unsuccessful bid to reduce government holding in public sector banks, finance minister Nirmala Sitharaman ...

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Interest exceeding Rs 2.5 lakhs a year on PF contribution now made taxable
02 Apr

No change in tax rates or slabs means that your income tax payout is, for most people, unaffected by this Budget. But if your salary’s high or you use ...

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Reducing import duty on gold and silver will give relief to the consumers
02 Apr

Gold and silver jewellery will become cheaper in the country ahead of the upcoming wedding season with finance minister Nirmala Sitharaman reducing im ...

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Tax exemption under affordable housing projects extended for one more year
02 Apr

The Centre’s move to extend exemptions for the purchase of affordable houses and to provide tax exemption for affordable housing projects will benefit ...

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Govt announce vehicle scrap policy for old vehicles
02 Apr

The government on Monday announced the rollout of the voluntary vehicle scrapping policy to phase out old and unfit vehicles. In her budget speech, FM ...

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FMCG market growth doubles to 4.2% last year
01 Apr

India’s fast-moving consumer goods (FMCG) market expanded 4.2 per cent in the last calendar year, twice the rate in 2019 despite manufacturing and dis ...

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Companies entering textile space may get highest benefit under PLI Scheme
01 Apr

The government may introduce a category called ‘Greenfield’ in the recently announced production-linked incentive (PLI) scheme for textiles to encoura ...

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Govt may give oilfield to Cairn Energy to clear $1.4 billion dues
01 Apr

The government may give Cairn Energy one of the surrendered oil fields such as Ratna R-Series in lieu of the $1.4 billion it has pay to the British fi ...

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Liquor retail outlets in India are getting converted in large stores
01 Apr

At a time when brick-and-mortar showrooms in several segments are shrinking in size, liquor retail in India is getting a premium makeover with large-f ...

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Govt may spend big to push growth in Budget 2021
01 Apr

It has been billed as a Budget like never before, triggering expectations that the government will open the purse strings to nurse the Covid-hit econo ...

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IT hardware companies urge center to allocate Rs 20k cr.
01 Apr

IT hardware makers urge the government to allocate Rs 20,000 crore under the production-linked incentive scheme, to boost manufacturing of personal co ...

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India’s GDP is projected to record a growth of 11% in 2021-22
30 Apr

India’s GDP is projected to record a growth of 11% in 2021-22, while nominal GDP (excluding inflation) may expand 15.4% after the 7.7% pandemic-driven ...

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Kishore Biyani calls Amazon 'dog in the manger'
30 Apr

In a scathing attack on US retailer Amazon, Future Group promoter Kishore Biyani called Amazon a dog in the manger, who is going all out to create a r ...

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Swedish company SSAB drops plans to buy Tata steel's Dutch business
30 Apr

Swedish major SSAB has “withdrawn” its interest to buy Tata Steel’s Netherlands business citing “technical reasons”, dealing a blow to the Indian comp ...

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After Covid relief, banks will need to mandatory recapitalisation
30 Apr

The economic survey has called for an asset quality review (AQR) of bank books to dig out hidden non-performing assets (NPAs) once the Covid-19 relief ...

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Tata Motors back with Rs 2,571-cr net profit
30 Apr

India’s largest vehicle maker, Tata Motors, on Thursday posted a consolidated net profit of Rs 2,571 crore for the year ended March 2010, compared to ...

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NSO revises 2019-20 GDP growth to 4% from 4.2%
30 Apr

The National Statistical Office (NSO) on Friday revised downwards the country’s GDP growth for 2019-20 to 4% from 4.2%, prompting economists to say th ...

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India’s gold demand dips to 25 year low in 2020 due to Covid
29 Apr

The impact of Covid on gold consumption pushed India’s demand for the yellow metal to a 25-year low in calendar year 2020 at 446 tonnes — down 35% yea ...

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5G rollout may be reality by September
29 Apr

5G could be a reality in India by September this year. The government on Thursday took a decision that allows telecom companies to make changes in tec ...

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Maruti Suzuki Q3 Net profit rises 24% to Rs 1,941 cr, revenue up 13%
29 Apr

India’s largest carmaker Maruti Suzuki India reported a 24 per cent on-year increase in net profit to Rs 1,941.4 crore for the December quarter. The c ...

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Apple revenue tops $100bn for first time
29 Apr

Apple said Wednesday that profits surged in the final three months of the year on growing sales of iPhones and services, which lifted revenues to an a ...

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Green tax may not boost replacement demand for old vehicles
29 Apr

The government’s proposal to impose “green tax” on old vehicles may not trigger a meaningful surge in the replacement demand given the lower quantum o ...

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AU bank posts over 2.5 times jump in Q3 profit to Rs 479 crore
29 Apr

AU Small Finance Bank on Thursday reported a rise of over two-and-a-half times in its net profit to Rs 479 crore for the third quarter ended December ...

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Aditya Birla buys 51% stake in designer brand Sabyasachi.
28 Apr

Aditya Birla Fashion and Retail (ABFRL) is set to buy 51% stake in Sabyasachi Couture for Rs 398 crore. Through this investment, the Rs 8,788-crore AB ...

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Cabinet Committee of Economic Affairs Approves PSU Privatisation Policy
28 Apr

The Cabinet Committee of Economic Affairs has cleared the public sector enterprises (PSE) policy, said sources aware of the development, on Wednesday. ...

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Real estate activity in both residential and commercial segments saw an upturn.
28 Apr

With improving indicators and the Indian economy’s gradual return to normalcy post the Covid19 pandemic, the uncertainty over sustainability of growth ...

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Axis Bank to treat home loans of credit card defaulters as NPAs
28 Apr

Axis Bank has said that those who get classified as defaulters on credit cards will see their home loans tagged as a non-performing loan as well. The ...

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10L shops will use Pine Labs payment solution app
28 Apr

Pine Labs, a payments solution company, has said that it will onboard 10 lakh shops and entrepreneurs — including taxi drivers and street vendors — in ...

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Bank of Baroda first PSB to eye permanent Work from home option
28 Apr

Bank of Baroda (BoB) is the first public sector bank to consider work-from-home (WFH) as a permanent policy for a section of its employees. BoB, which ...

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

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

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Tax relief likely for expats hired for PLI jobs
27 Apr

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

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Formal job creation continues to decline in November
27 Apr

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

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

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

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Banks review services policy for WhatsApp
27 Apr

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

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

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

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

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

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Paytm, PolicyBazaar among 6 startups looking at global listing
25 Apr

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

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

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

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Depositors seek end to ATM decline fee
25 Apr

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

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Spectrum reserve prices for airwaves are high: Telecom Industry
25 Apr

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

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AGMs, EGMs may go virtual permanently
25 Apr

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

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TV ratings scam: Times network thinks legal action against BARC
23 Apr

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

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Telecom companies worried over security note on equipment's
23 Apr

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

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Service sector near complete recovery in jobs by December Quarter
23 Apr

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

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

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

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

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

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Govt. amends CSR spending rules to boost transparency, flexibility
23 Apr

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

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

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

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Better sale value likely for sale of PSUs
22 Apr

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

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

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

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

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

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

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

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Budget 2021 may raise duty on finished goods
22 Apr

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

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Atamnirbhar Digital India Foundation seeks data audit of WhatsApp, Facebook
21 Apr

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

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Banks' home loan market share up at 75%
21 Apr

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

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

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

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

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

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India Inc wants budget to focus on demand push
21 Apr

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

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Karnataka tops Innovation Index, Maharashtra ranks 2nd
21 Apr

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

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

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

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Covid changes saving pattern of people
20 Apr

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

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Fuel prices make new record as crude oil prices up again
20 Apr

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

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

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

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Govt. planning tighter FDI rules for ecommerce sector
20 Apr

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

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Budget 2021 may open mega textile park scheme
20 Apr

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

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HDFC bank submit glitches control plan to RBI
19 Apr

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

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Uptrend in business activity continues in 2021.
19 Apr

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

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

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

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ONGC offers joint venture in exploration blocks to Exxon
19 Apr

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

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

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

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

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

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

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

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Exports grow 11% in first half of January 2021
18 Apr

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

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Microfinance lenders see rise in missed installments.
18 Apr

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

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

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

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Money market swings dilute the promise of an easy policy.
18 Apr

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

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Budget may offer new direct tax dispute resolution framework.
18 Apr

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

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TaMo’s Tesla tweet electrifies industry.
16 Apr

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

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

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

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

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

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

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

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

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

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

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

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PSU lenders back Piramal’s DHFL bid
15 Apr

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

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

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

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

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

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

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

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Fuel prices flare up but no tax cut signs
15 Apr

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

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Zero coupon bonds for banks recap to stop
15 Apr

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

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

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

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Tesla drives into Bengaluru with new company.
13 Apr

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

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

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

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Payment gateways still charge for UPI, RuPay.
13 Apr

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

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Startups taking entry in healthcare sector.
13 Apr

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

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

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

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States should set energy conservation targets, reduce their emissions.
12 Apr

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

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Startups & corporate biggies are moving to Signal app.
12 Apr

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

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Amazon may move HC in Future Group dispute.
12 Apr

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

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Coal exchange likely to start later this year.
12 Apr

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

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HC passed interim orders in favour of HUL ads
12 Apr

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

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Tata Motors plans series of 'affordable' e-vehicles
12 Apr

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

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

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

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

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

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

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

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

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

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Centre has think for a coronavirus cess in Budget 2021
11 Apr

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

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

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

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

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

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WhatsApp pay policy enjoys higher priority
09 Apr

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

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From structural reforms, boost investor confidence: Economists to PM
09 Apr

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

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Proposed work-from-home framework worries unions and companies
09 Apr

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

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

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

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

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

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

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

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GDP may shrinking by 7.7% in FY21: NSO data
08 Apr

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

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

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

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

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

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IBC has delivered 95% rescue rate: IBBI chairman
08 Apr

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

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Expert panel seeks basic living wage after job loss
08 Apr

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

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

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

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

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

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

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

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Economy likely to maintain V-shaped recovery: Finance Ministry
06 Apr

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

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

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

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

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

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

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

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December 20 manufacturing activity remains strong as new orders rise
05 Apr

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

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Corporate and personal income tax collection has gone down in 2020
05 Apr

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

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Demand of app-based taxis gone down due to pandemic
05 Apr

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

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Renewable energy adoption by corporates sees strong growth
05 Apr

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

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

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

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India alert developing nations against Information Technology Agreement
04 Apr

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

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Liquidity-related relaxation to road contractors extend till June end
04 Apr

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

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

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

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

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

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Metal billionaires have shown an interest in Uttam Galva Steels
04 Apr

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

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BPCL, Air India selloff push into FY22
04 Apr

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

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RIL, Mukesh Ambani fined for ‘manipulative trades’
02 Apr

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

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

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

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Car industry wraps up tough 2020 on a high
02 Apr

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

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RBI launches surveys to get inputs for monetary policy
02 Apr

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

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Power demand up 5 per cent in December
02 Apr

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

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

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

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Tax tribunal drops remark against Mistry in Tata order
01 Apr

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

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

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

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The eight Core sector shrink 2.6% in Nov.
01 Apr

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

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Complaint by CAIT against Flipkart, Amazon to ED & RBI
01 Apr

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

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

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

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

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

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

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

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Companies go beyond gender, eye neurodiverse talent
31 Apr

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

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E-payments battle costs companies $900 million in loss
31 Apr

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

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

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

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

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

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

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

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

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

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Will use supervision technology to keep up with entities: RBI
30 Apr

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

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

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

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Banks need Rs1L crore for NPAs
30 Apr

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

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

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

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

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

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

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

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

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

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RBI deputy government argues for 4% cap on inflation
29 Apr

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

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Tata Trusts can enjoy tax exemption: IT Appellate Tribunal
29 Apr

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

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Metro services in over 25 cities by 2025:PM Modi
29 Apr

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

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Govt to move SC against HC stay on Chandigarh discom privatisation
29 Apr

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

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

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

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

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

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Delhi-Dubai 5th busiest global air route in December
28 Apr

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

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

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

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Operator for common gas pipelines soon: Petroleum secretary
28 Apr

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

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

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

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Lower interest rates make India Inc less default liable
26 Apr

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

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Bad debt fear keeps private banks away from street vendor loans
26 Apr

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

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India should pursue FTAs with EU & UK
26 Apr

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

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

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

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

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

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

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

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RBI warn against loans given on apps
24 Apr

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

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

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

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

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

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After Vodafone, govt loses retrospective tax case against Cairn energy
24 Apr

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

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India in Talks with Argentina & Brazil to Sign Trade agreement
24 Apr

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

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

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

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Large companies don’t need debt restructuring: KV Kamath
23 Apr

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

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Infosys biggest deal with Daimler worth $3.2bn
23 Apr

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

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

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

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Few takers for non-profitable gas based power plants
23 Apr

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

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Apple targets car production by 2024
23 Apr

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

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Reliance Set to re-launch JioPhone
23 Apr

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

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Lower car discounts fail to cheer customers this December
22 Apr

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

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HC won't block Amazon from writing to regulators
22 Apr

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

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Govt. asset sales to pick up more in next year
22 Apr

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

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Mahindra subsidiary Ssangyong Motors applies for bankruptcy
22 Apr

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

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

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

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Atmanirbhar loans help to reduce bad debt in power sector
22 Apr

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

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Air Asia to own only 13% in Tata JV
21 Apr

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

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Bharatpe eyes PMC Bank in tie-up with Centrum
21 Apr

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

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Technically skilled gig workers in high demand
21 Apr

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

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Adidas tells its employees in India it may sell Reebok
21 Apr

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

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Industry body CII suggests multiple bad banks
21 Apr

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

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China tensions trip General Motors unit sale
21 Apr

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

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

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

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Honda shuts 23-yr-old Greater Noida car unit
19 Apr

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

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

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

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

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

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

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

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

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

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

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

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

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

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Sensex nears 47k on record buying by foreign investors
18 Apr

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

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Pramod Mittal withdrew 2nd appeal against bankruptcy
18 Apr

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

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Network core may be no go zone for Chinese vendors
18 Apr

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

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Mistry ouster premeditated, ambush by Tatas : SP Group
18 Apr

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

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Spectrum auction to take place in march after 5 years
17 Apr

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

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Multivitamin tops drug sales for 1st time in Oct.
17 Apr

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

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Honey adulterant import from china may be curbed
17 Apr

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

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New public holding rules for cos under insolvency
17 Apr

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

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Small personal loans up 4.5 times in 2 years
16 Apr

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

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

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

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Govt all set to launch 'Brand India' mission
16 Apr

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

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Three boards proposed under Labour codes
16 Apr

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

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

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

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BPCL Panel to hold Additional Meet to sort Techical issues
15 Apr

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

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US- Based PE Oaktree top DHFL bidder with 37000 crores
15 Apr

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

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RBI allows Uday Kotak to lead bank for three more years
15 Apr

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

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FM begins pre-budget talks with India Inc
15 Apr

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

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At 1.55%, November WPI reaches nine-month high
15 Apr

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

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NHAI to invite Pvt Cos to build Logistic Parks
15 Apr

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

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

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

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Tatas bid for Air India, 67 years after exit
14 Apr

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

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Govt scheme to reduce need for crop loan recast
14 Apr

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

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

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

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

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

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Mask oversupply may see 50% cos shut shop
14 Apr

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

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RBI governor calls for a balanced approach for liquidity
14 Apr

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

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Easier norms for contactless use may boost cards
07 Apr

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

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

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

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Dabur and Marico quarrel after CSE report on honey
07 Apr

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

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

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

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IFCI may be put up for strategic sale
07 Apr

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

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Govt. may run ESIC hospitals
07 Apr

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

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RBI extends liquidity to stressed sectors with cheaper refinance
05 Apr

Stressed sectors have got a fresh line of support with the RBI extending its targeted long-term repo operations (TLTROs) to the 26 industries — includ ...

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Report on corporations in banking is by a panel and not RBI’s view or decision
05 Apr

RBI Governor Shaktikanta Das clarified on 04th Dec. 2020 that allowing corporates to promote banks is not the RBI's view, and the central bank will ta ...

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Banks must invest more in IT systems: RBI
05 Apr

A day after the RBI asked HDFC Bank to halt digital initiatives and credit card sales, RBI governor Shaktikanta Das said that banks need to invest mor ...

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RBI holds rates, projects positive Q3 GDP growth, higher inflation
05 Apr

Reserve Bank of India (RBI) on 05.12.20 left interest rates unchanged for the third straight time amid persistently high inflation and said the econom ...

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Center asks states to ensure policy stability
05 Apr

he Centre is looking to seek policy stability commitment from states, worried that any sudden and abrupt policy reversals locally could derail its pus ...

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Not just pent up demand that is reviving economy: FM
05 Apr

India’s economic recovery post the pandemic is sustainable, finance minister Nirmala Sitharaman said at an event on 4th Dec., pointing to the Goods an ...

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NCLT clears Jio’s Rs.4000 crs. plan for reliance infratel
04 Apr

The National Company Law Tribunal on Thursday approved a resolution plan of Reliance Infratel following which lenders may get around Rs 4,400 crore an ...

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Flipcart hives off Phonepe, payment company valued at appx 40000 crs.
04 Apr

Digital payments major PhonePe has been hived off from parent entity, Walmart-owned Flipkart Group, and will be valued at $5.5 billion, the company sa ...

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SC orders Franklin MF: Seek investors’ consent before shutting schemes
04 Apr

The Supreme Court on Thursday permitted Franklin Templeton Trustee Services to hold meeting with unit holders of six debt schemes that the company pro ...

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IRDAI to ban credit-linked group health insurance
04 Apr

Insurance regulator Ildai has proposed a ban on credit-linked group health insurance, including compensation for serious illnesses bundled with mortga ...

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RBI puts curbs on HDFC’s business after e-banking outages
04 Apr

In an unprecedented move, the Reserve Bank has temporarily barred HDFC Bank from launching digital banking initiatives and issuing new credit cards af ...

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Services activity expands for 2nd straight month
04 Apr

Services activity — the biggest sector of India’s economy — saw growth easing in November, but the index remained in expansion zone for the second mon ...

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Nearly 60 applicants rush bid for Reliance Capital biz
03 Apr

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

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Rising debit bounce rate indicates stress
03 Apr

India’s retail borrowers are still to find their feet as seen from the failure of a large number of auto-debit transactions in October, underscoring g ...

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SC stays order for CCI probe against Flipcart
03 Apr

The Supreme Court on 02nd Dec. stayed the March 4 order of National Company Law Appellate Tribunal (NCLAT) asking fair trade regulator CCI to again in ...

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Salesforce to buy office chat app Slack for $28bn
03 Apr

Salesforce on 1st Dec 2020 capped cloud computing 2020 work-from-home boom with an announcement that it would pay $27.7bn for workplace chat app Slack ...

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SC rejects plea to reopen Sterlite Tamil Nadu plant
03 Apr

The Supreme Court on Wednesday dismissed the interim plea of mining major Vedanta Ltd seeking permission to inspect its Sterlite copper unit at Tutico ...

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24 industries can add 30 million jobs: Piyush Goyal
03 Apr

Commerce and industry minister Piyush Goyal on Wednesday said the government has identified 24 industry sectors which can add Rs 20 lakh crore of annu ...

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Pandemic e-tail push creates 3 lacs delivery & supply chain jobs
02 Apr

The pandemic-induced demand for e-commerce created 2.5-3 lakh temporary delivery and supply chain jobs in India during the recently concluded festive ...

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Mfg activity dips to 3 month low in November 20
02 Apr

A mixed set of data points for some high-frequency indicators have pointed to the challenges the economy may face as it looks to quickly regain normal ...

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States debt to hit 36% of their GDP
02 Apr

The pandemic-hit states are staring at a record 36% jump in their indebtedness to ₹68 lakh crore, which will be a decadal high this fiscal year as the ...

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Freight corridor to open 40% of its routes by April 2020
02 Apr

Indian Railways will be running freight trains on 40 per cent length of its dedicated freight corridor (DFC) by next year.The DFC Project is worth Rs ...

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Govt. to challenge Anil Ambani’s stance on personal guarantee law
02 Apr

The government and the Insolvency & Bankruptcy Board of India (IBBI) are likely to challenge the stance taken by ADAG chairman Anil Ambani and for ...

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Down from festive highs, auto sales up from November 2019
02 Apr

Down from festive highs, auto sales up from November 2019Automotive and two-wheeler gross sales took a breather from the highs of festive months, howe ...

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Gender diversity increasing in mining and mfg Cos
30 Apr

India Inc has quietly progressed on the gender diversity front in spite of the pandemic. Engineering firm ABB, Hindustan Zinc (HZL), Sun Life Asia Ser ...

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India’s FY21 GDP sees upward revisions on faster Q2 rebound
30 Apr

Forecasters are revising upwards their projection for the current fiscal’s GDP growth after better-than-expected numbers for the second quarter. Most ...

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Jan Dhan cash transfers boost ATMs in Bharat
30 Apr

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

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RBI may keep policy rates unchanged
30 Apr

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

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Consumer companies advertisement expenditure near normal
30 Apr

India’s largest consumer companies Hindustan Uniliver, Amul, Britania, ITC, LG, Marico, Emami, Parle Products and Dabur said their spending on adverti ...

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Lack of digital connect puts Post Office schemes investors in a spot
30 Apr

Millions of consumers, particularly the elderly, who have invested in popular small savings schemes offered through post offices are facing a tough ti ...

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Eight core sector output falls 2.5% in Oct on oil woes
28 Apr

Core sector output contracted by higher than expected 2.5% during October, due to a sharper fall in refinery output and lower steel production, althou ...

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NSE turnover hits record Rs.1.5 Lakh cr. on Morgan Stanley revamping
28 Apr

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

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Fiscal deficit at 120% of FY21 target
28 Apr

India's budgetary fiscal deficit for the April-October 2020-21 period stood at Rs 9.53 lakh crore, or 119.7 per cent of the budget estimates (BE).The ...

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UP, Gujarat, Rajasthan, Himachal and MP to raise Renewable Energy targets
28 Apr

Chief ministers of major states pledged to increase their targets for renewable energy and encourage local manufacturing with incentives, cheering inv ...

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Govt. cites pandemic to oppose moratorium on loan to specific sectors
28 Apr

The government on Friday cited constraints imposed by the country’s economic situation and the uncertainty over the Covid-19 pandemic to oppose any fu ...

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Govt says recovery under way, warns of Covid surge
28 Apr

The government said on Friday that GDP numbers for the second quarter were better than expected and there was a potential for an upside, but urged cau ...

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Used auto e-portal Car24 zooms to $1bn valuation
25 Apr

Global technology investment firm DST Global, which has backed Indian startups like Swiggy, Udaan, Ola and Byju’s, is leading a $200-million funding i ...

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Toyota issues lock-out notice again at Bidadi plants
25 Apr

Toyota Kirloskar Motors Private Ltd (TKM) on 24.11.20 said it has decided to extend the lockout at its plant in Bidadi near Bengaluru, as the situatio ...

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Spending on electronics and home appliances up 10%-20% this Diwali
25 Apr

More consumers are now open to loosen their purse strings and upgrade their homes with higher capacity and higher-end products with advanced features. ...

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Hospitality industry gets the hit due to fresh curbs come into force
25 Apr

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

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Services Exports Sops Scheme revamp soon
25 Apr

The government is looking to revamp a key exports incentive scheme for the services sector, the hardest hit by the Covid-19 pandemic. The proposed rev ...

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As economy opens up, hiring increases in September: Study
25 Apr

As businesses reopen, the job market is showing recovery and the competition for open vacancies is easing, and the opportunities gap between those wit ...

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Rajan, Acharya caution against proposal to allow corporate houses to set up banks
24 Apr

he RBI working group’s proposal to allow corporate houses to set up banks is a “bombshell” and at this juncture, it is more important to stick to the ...

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Coal India plans solar projects worth Rs.5650 crore
24 Apr

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

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Franklin MF moves SC over closure of 6 schemes
24 Apr

Franklin Templeton Mutual Fund (MF) is moving the Supreme Court (SC) against the Karnataka High Court’s order that said unitholders’ consent was neces ...

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It will be hybrid work model in future: Zoom
24 Apr

Zoom said it will not be business as usual in India even as people are expected to slowly start returning to office next year and corporates will adop ...

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Net FPI inflows into equities near record peak in November 2020
23 Apr

Monthly foreign fund buying in domestic equities in November is on the cusp of breaking the all-time high record set in August this year, if the curre ...

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Tyre companies gets into growing rubber in northeast
23 Apr

In a unique initiative, tyre manufacturers are pumping money to grow raw material — natural rubber — in the northeast. This is a template that could b ...

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Govt. weighs two options for pre-pack IBC resolution
23 Apr

India is considering two options for pre-packaged Insolvency Resolution, including one that includes private discussions between promoters and the fin ...

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TDSAT dismisses Netmagic’s plea to prevent DoT from seeking AGR dues
23 Apr

The telecom tribunal has dismissed Internet service provider (ISP) Netmagic Solutions' plea to prevent the Department of Telecommunications (DoT) from ...

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Kirana King raises Rs.7 crore from RVCF to expand footprint
23 Apr

The Pink City-based grocery shop aggregator Kirana King raised pre-series A funding of Rs 7 crore from Rajasthan Venture Capital Fund to fund its expa ...

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Byju’s in talks to raise fresh funds of $200 mn
23 Apr

Education technology firm Byju’s is in talks to close fresh financing of around $200 million from US asset manager T Rowe Price and existing investor ...

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RBI panel proposes to allow large corporate houses to set up banks
21 Apr

An internal committee of the Reserve Bank of India (RBI) on November 20 proposed an overhaul of the licensing policy for private banks and suggested a ...

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SEBI seeks lower promoter dilution for large IPOs
21 Apr

A Sebi panel has proposed easier public float norms for large IPOs with a post-offer market capitalisation of more than Rs 10,000 crore. It said such ...

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CCI approves RIL and Future Retail business deal
21 Apr

The Competition Commission of India (CCI) on November 20 approved Future Retail Ltd’s asset sale to Reliance Industries Ltd (RIL), in a setback for Am ...

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Mittal and UK govt to offer global telecom connectivity via space
21 Apr

OneWeb, Sunil Mittal and the UK government's rival venture to Elon Musk's SpaceX will start beaming signals to India, along with several parts of Euro ...

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Labour Ministry proposes extension of daily working hours from 10.5 to 12
21 Apr

The labour ministry has proposed maximum 12 working hours in a day inclusive of intervals under the draft rules on Occupational Safety, Health and Wor ...

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Eight banks suffer a higher rate of failure in digital transactions
21 Apr

At least eight Indian banks, mostly public sector lenders, suffered a high rate of failure in digital transactions during October as online payments s ...

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Sebi seeks SC direction for two Sahara companies to pay Rs 63000 Crore
20 Apr

The Securities and Exchange Board of India (Sebi) has moved the Supreme Court, seeking a direction to Subrata Roy's two Sahara Group companies to pay ...

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Furious shareholders of Laxmi Vilas Bank seek fair value for bank
20 Apr

Individual shareholders of Lakshmi Vilas Bank (LVB) are objecting to the RBI’s merger proposal of the bank with DBS Bank India. They point out that, w ...

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Power generating companies pleaded for loan relief during pandemic
20 Apr

Encouraged by the Supreme Court's intervention through a PIL to get compound interest on loans up to Rs 2 crore waived off, power generating firms Thu ...

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Dividends will cover BPCL acquisition cost, but how will Vedanta secure funding
20 Apr

Metals-to-oil conglomerate Vedanta's interest in buying Bharat Petroleum Corp Ltd (BPCL) is a natural progression towards downstream integration that ...

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DRI detects double benefit through IGST exemption on imports and refund on exports
20 Apr

The Directorate of Revenue Intelligence has asked various importers to pay up customs duty on goods imported under advance authorisation or export ori ...

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Chinese auto companies' India investment plans stall amid border tensions
20 Apr

Investment plans by Chinese automobile companies worth about $5 billion face delays of two years or more as tensions at the border remain unresolved. ...

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Shapoorji Pallonji urges SC to separate its interests from Tata Group
19 Apr

After partnering with the Tata Group for the last 55 years, the Shapoorji Pallonji (SP) Group on 18.11.20 requested the Supreme Court to separate its ...

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12 MOUs to be signed at Bangaluru Tech Summit
19 Apr

Bengaluru Tech Summit, 2020 (BTS2020) organised by the Government of Karnataka along with Karnataka Innovation and Technology Society (KITS), Karnatak ...

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RBI Ready to meet deposit shortfall at Laxmi Vilas Bank
19 Apr

LVB has the full backing of the RBI to ensure that there is no cash shortfall. Nobody needs to get panicky about the safety of their money. Lakshmi Vi ...

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Wipro growth has been modest in the past: CEO
19 Apr

Wipro CEO Thierry Delaporte said the company's growth has been modest and far less than its competitors in the past. He said the recent organisational ...

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Now NCLT nod must for mergers with FDI
19 Apr

All mergers and acquisitions involving foreign direct investment will require approval of the National Company Law Tribunal as a “necessary preconditi ...

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IBBI modifies regulations to expedite liquidation
19 Apr

To expedite the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to enable the liquidator of a stresse ...

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Govt Caps Withdrawal From Lakshmi Vilas Bank At ₹25,000 a month
18 Apr

In a joint operation, the Reserve Bank of India on Tuesday announced a plan to merge Lakshmi Vilas Bank (LVB) with DBS Bank India, minutes after the g ...

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Vedanta and two global funds are among bidders for BPCL
18 Apr

Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the govern ...

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Investment banks sound optimistic on India's economic recovery
18 Apr

Global investment banks, Goldman Sachs and Morgan Stanley, have sounded optimistic about India’s economic recovery and have forecast a strong rebound ...

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Sugar production records 191% Year on Year growth
18 Apr

A good rainfall in sugar producing belts of Maharashtra and Karnataka has resulted in a bumper production of the crop for the period ended November 15 ...

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Centre may bar sourcing of 'critical telecom equipment' from China
18 Apr

The government is considering amending licence conditions to at least bar telcos from sourcing 'critical equipment' for their networks from Chinese co ...

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New indicators likely to be added for states' logistics ranking
18 Apr

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

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BPCL stake sale gets multiple bids
17 Apr

Global and domestic companies submitted expressions of interest (EoI) for the government’s stake in Bharat Petroleum Corp Ltd by the November 16 deadl ...

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The government of India won't sign free trade agreements
17 Apr

The government on November 16 said it will not sign free trade agreements, which in reality were “trade deals with China by stealth”, with foreign min ...

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Wholesale inflation rises to 8-month high of 1.5% in October 2020
17 Apr

Wholesale inflation shot up to an eight-month high in October as food prices, particularly vegetables remained firm and manufactured products also har ...

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Tractor exports dip 5.5% as companies focus on booming domestic market
17 Apr

With robust domestic demand for tractors, manufacturers have deprioritised exports and are focussing production on home demand instead. As a result tr ...

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Maruti Suzuki India sells over two lakh cars via online channel
17 Apr

The country’s largest carmaker Maruti Suzuki India on November 16 said it has sold over two lakh cars through the online channel. The company, which i ...

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Thailand and EU question India's import restrictions on tyres, ACs and TV sets
17 Apr

India's restrictions on imports of air conditioners, tyres and TV sets have drawn the ire of Thailand and European Union, which raised the issue at a ...

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RBI warns of ‘unrelenting’ inflation related problems
12 Apr

Even as it advanced its projections for an economy recovery, the RBI warned that keeping the system flush with funds, to keep long-term rates low, is ...

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ONGC eyes stake in $1bn Senegal field in distress sale
12 Apr

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

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Bank employees to get 15% salary hike
12 Apr

Bank unions and the Indian Banks’ Association (IBA) signed a bipartite wage agreement on Wednesday, giving bank employees 15 per cent hike and pushing ...

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Tax collection should not trouble anyone: PM
12 Apr

Prime Minister Narendra Modi said on Wednesday that tax collection should not cause inconvenience to the common man but when public funds reach citize ...

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Amazon asks Sebi to probe Future Retail for insider trading
12 Apr

Amazon.com has asked the country’s market regulator to investigate Future Retail for insider trading, a letter seen by Reuters showed, as it seeks to ...

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DOT seeks legal view on additional AGR dues payment
12 Apr

The Department of Telecommunications has sought legal opinion from Solicitor General Tushar Mehta on whether the Supreme Court’s order on adjusted gro ...

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Health Insurance premium zooms up by upto 200%
11 Apr

Persons seeking health insurance must be ready for an unpleasant surprise. Policyholders are seeing their renewal premiums go up by 5-200%. Most insur ...

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Retired bankers might get one rank one pension plan
11 Apr

Retired PSU bankers may get benefits of the One Rank One Pension (OROP) scheme. Armed forces veterans are demanding OROP implementation for a long tim ...

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July- Sept 2020 best quarter for PC market in 7 years
11 Apr

Overall, PC shipments grew 9.2% from the year earlier in the three months ended 30 September to 3.4 million units. India’s PC market recorded its best ...

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Bidders jack up DHFL offers, Oaktree’s remain unaffected
11 Apr

Lenders to the troubled Dewan Housing Finance Corporation Ltd (DHFL) have received revised offers from its four bidders, with the highest tender now a ...

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Harley Dealers may have to shut shops over compensation issues
11 Apr

Harley-Davidson's dealers on Tuesday said they were looking at taking legal action against the US bike manufacturer, which in September announced exit ...

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Banks asked to ensure to seed all accounts with Aadhar
11 Apr

Finance Minister Nirmala Sitharaman has directed banks to seed all account with Aadhaar numbers of their respective holders by March 2021.
Addressi ...

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CCI orders inquiry against Google for alleged unfair practices
10 Apr

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

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Banks report lower NPAs for September quarter
10 Apr

Contrary to expectations that there would be an increase in bad loans in the banking sector due to Covid-19, the ratio of non-performing assets (NPAs) ...

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Debt inflows take Mutual Funds assets to record high of Rs 28 Lakh Crore
10 Apr

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

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Pick up in business activity continues in November
10 Apr

Business activity picked up further in the first week of November, carrying over the improvements seen across economic indicators in October, accordin ...

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Pension Fund Regulatory Development Authority gearing up for National Pension System separation
10 Apr

The Pension Fund Regulatory Development Authority has started an exercise to separate its twin functions that are often seen as a conflict of interest ...

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Sensex at new peak as Biden victory stimulates foreign buying
10 Apr

A ‘Biden rally’ pushed Indian markets to record highs on Monday. News of a likely potent Covid vaccine has now set the stage for it to soar higher. At ...

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Contraction in GDP could be a lot lesser than estimated
09 Apr

Indian economy’s contraction could be a lot less than estimated earlier as business activity bounces back from abysmal levels driven by opening up of ...

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AGR verdict only partial relief, 'pricing revival' is critical for growth: telcos
09 Apr

The telecom industry has termed the Supreme Court’s recent verdict allowing telcos to spread payment of adjusted gross revenue (AGR) dues over 10 year ...

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Phone imports surge in Sept as local output fails to meet demand
09 Apr

Smartphone imports surged by about a fifth in September, indicating that local output is yet to catch up with peak festive season demand, even as Indi ...

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Fifteenth Finance Commission recommends a 41% of central tax revenue go to states
09 Apr

Amid the tug of war between the central and state governments for more resources, the Fifteenth Finance Commission (FFC) chaired by NK Singh is learnt ...

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Joe Biden to make fairer immigration policy
09 Apr

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

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Indian Pharma sector to benefit from Biden presidency
09 Apr

The Indian pharma sector is expected to benefit from the Biden presidency on the back of an increased push for generic prescriptions and access to aff ...

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Debt funds must invest 10% in liquid assets: Sebi
07 Apr

In a ruling that will impact most debt funds, markets regulator Sebi has mandated that these schemes hold at least 10% of their assets in liquid instr ...

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Jet Airways' RP files revival plan before NCLT
07 Apr

The resolution professional (RP) of Jet Airways has filed a revival plan recently approved by the committee of creditors with the National Company Law ...

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Large NBFCs can become banks: RBI
07 Apr

The Reserve Bank of India (RBI) has said that there is a case for systemically important non-banking finance companies (NBFCs) beyond a certain size t ...

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Amazon's consent is must in restructuring of Future Retail: Singapore Ruling
07 Apr

The emergency arbitrator in the Singapore International Arbitration Centre (SIAC) has said that, in the Amazon-Future dispute, the US-based online ret ...

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India, Japan and Australia to boost trade and investment
07 Apr

India, Japan and Australia are likely to set up a trilateral framework to address trade and investment barriers along with trade and investment promot ...

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Bank loan growth still poor, despite easing policy rates
07 Apr

The Indian banking system loan growth continues to be tepid even as some pockets like loans to retail and medium sized firms picked up in September. B ...

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WhatsApp Pay finally gets approval to start with 20 million users
06 Apr

After being stuck in beta mode for over two-and-a-half years, popular messaging platform WhatsApp has got the regulatory approval to launch on Unified ...

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SAT upholds Sebi order against RIL in 2007 insider trading case
06 Apr

The Securities Appellate Tribunal (SAT) on November 5 dismissed an appeal by Reliance Industries (RIL) challenging a Sebi order in connection with its ...

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Saudi wealth fund buys 2% in Reliance Retail for Rs 9,555 crore
06 Apr

Saudi Arabia’s Public Investment Fund (PIF) will put Rs 9,555 crore ($1.3 billion) in Reliance Retail Ventures for a stake of just over 2%, the two co ...

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Japan to offer aid to 2 companies moving manufacturing base from China to India
06 Apr

Japan has agreed to offer financial assistance to two companies, Toyota-Tsusho and Sumida, to diversify their manufacturing base to India as part of i ...

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Television advertisements hit record high in season of festivals and IPL
06 Apr

Advertisers were back in full force on TV this festive season, with volumes spiking to record levels in the second half of October in the run-up to Di ...

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Oil slips with Biden on the verge of victory in U.S. election
06 Apr

Oil snapped three days of gains, with Democratic nominee Joe Biden on the brink of a narrow victory in the U.S. election. Futures in New York lost 0.7 ...

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SBI's net profit rises 52% to Rs. 4574 crore
05 Apr

State Bank of India’s net profit for the quarter ended September 2020 rose 52% to Rs 4,574 crore from Rs 3,012 crore a year ago. Profits rose as provi ...

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Services sector registers growth in October for first time since February
05 Apr

Indian service sector activity ended the seven-month sequence of decline and registered growth in October, supported by improved market conditions ami ...

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More mediclaim buyers use EMIs to buy health policies
05 Apr

Non-life insurers are seeing rising demand for health policies under the equated monthly instalment (EMI) option. Insurers attribute this to reduced a ...

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Economy to reach pre-pandemic levels by year-end: Finance Ministry
05 Apr

The Indian economy is poised to reach pre-pandemic levels by the end of this year based on the trends observed so far, barring the incidence of a seco ...

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CBDT issues over Rs. 1,29,190 crore refund since April
05 Apr

The Central Board of Direct Taxes (CBDT) has so far issued over Rs 1,29,190 crores in refunds to over 39.49 lakh taxpayers from April till November 3, ...

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Air traffic may rise to pre-Covid levels by March: Vistara
05 Apr

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

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Sarfaesi Act may be amended for clarity
04 Apr

The union government is thinking to amend the Sarfaesi Act to remove stumbling block which is presently preventing the asset reconstruction companies ...

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Punjab and Maharashtra Cooperative Bank (PMC) looking for investors as it may convert to small finance bank
04 Apr

In a first, the RBI-appointed administrator of Punjab and Maharashtra Cooperative (PMC) Bank has come up with a revival strategy where private investo ...

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High Home Loan demand triggers interest rate war
04 Apr

A surge in demand for home loans in October has triggered a rate war. Kotak Bank is now offering home loans at 6.75% — the second reduction in less th ...

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Stock market may fluctuate wildly for short term due to US polls
04 Apr

Indian markets could witness short-term volatility due to the outcome of the US presidential election.Over the long run, however, it’s the domestic ec ...

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Tamilnadu gets highest investment in April-Sept 2020
04 Apr

Tamilnadu leads Indian states in attracting investments during the first half of FY21, having managed to grab 16 per cent of the funds that came into ...

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Exports fall 5% but trade deficit narrows to $8.8 bn Oct 2020
04 Apr

India’s exports fell in October, while the imports declined at a faster clip, despite a moderation from the previous month, helping narrow the trade d ...

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Manufacturing activity rises at fastest pace in 13 years
03 Apr

Manufacturing sector conditions in India continued to improve in October with companies raising output to the greatest extent in 13 years amid robust ...

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Ola plans to diversify into electric scooter manufacturing
03 Apr

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

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Companies restoring salaries and giving Diwali bonuses
03 Apr

The festival of lights has ushered joy into people’s lives with some companies doling out Diwali bonuses. Employers are also restoring salary levels w ...

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Ministry of Road Transport and Highways relaxes eligibility criteria for road projects
03 Apr

The ministry of road transport and highways (MoRTH) on November 2 revised the eligibility criteria for road projects built on Engineering, Procurement ...

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Business sentiment rises up to 41% during July-September
03 Apr

Business sentiment shot up by 41% during the July-September quarter from a record low in the previous quarter, according to the Business Expectation S ...

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Centre extends Emergency Credit Line Guarantee Scheme till November 30
03 Apr

The government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by a month till November 30 until the entire Rs 3 lakh crore made avail ...

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Amazon asks for over Rs. 1,400 crore for damages in a scheme of arrangement: Future Retail
02 Apr

Future Retail said Amazon has sought damages of Rs 1,431 crore plus interest in a regulatory filing on November 1. This is the amount the e-tailer has ...

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Infra trust to take over road assets of IL&FS Transportation Networks (ITNL)
02 Apr

The setting up of a framework to transfer road assets of IL&FS Transportation Networks (ITNL) into an Infrastructure Investment Trust (InvIT)  ...

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UPI crosses 2 billion payments mark in October on festive and Covid push
02 Apr

Payments through Unified Payments Interface (UPI) crossed the 2-billion mark in monthly transactions for the first time in October. UPI transactions t ...

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Diesel sales rise above pre-Covid level by 6% in October on festive demand
02 Apr

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

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India's Power consumption rises 13% in October
02 Apr

India's power consumption grew 13.38 per cent to 110.94 billion units (BU) in October this year, mainly driven by buoyancy in industrial and commercia ...

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Bharti Airtel performed better than both Jio and Vodafone Idea in Quarter 2
02 Apr

Bharti Airtel turned in a stronger operation performance than rivals Reliance Jio Infocomm and Vodafone Idea (Vi) in the seasonally week second quarte ...

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RIL Q2 net profit falls 7%, Jio adds most to operating profit
31 Apr

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

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Apple records 37% rise in September quarter sales in India
31 Apr

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

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Indian Airline appoints a female CEO for the first time
31 Apr

Breaking the glass ceiling of Indian aviation, a woman has become the CEO of an Indian carrier for the first time, with the government appointing Harp ...

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Jack Ma's Ant IPO attracts at least $3 trillion of bids from individual investors
31 Apr

The biggest initial public offering of all time has unleashed an investor frenzy for the record books. Jack Ma’s Ant Group Co attracted at least $3tn ...

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Mumbai's residential property sales rise over 36% on year jump in October
31 Apr

Residential property sales in Mumbai, the country's hottest property market, has registered a sharp recovery with an over 36% on-year jump in October ...

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India to introduce production-linked incentive schemes for 9-10 sectors
31 Apr

India will soon introduce production-linked incentive schemes for nine to 10 sectors to encourage local manufacturing, although the tariff support off ...

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Shapoorji Pallonji Group offers cashless plan to Tatas to fast-track exit
30 Apr

The Shapoorji Pallonji (SP) Group has sought a vertical split of Tata Sons’s assets and liabilities in proportion to its 18.37% stake as part of its p ...

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SC transfers to itself writ petitions challenging certain IBC provisions
30 Apr

The Supreme Court, on October 29, directed the transfer to itself a batch of writ petitions challenging IBC provisions related to insolvency of person ...

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New tax regime doesn't allow LTC cash voucher tax benefit
30 Apr

Two weeks after announcing the LTC cash voucher scheme for central government employees, the finance ministry on Thursday said the benefit will not ac ...

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India's April-Sept fiscal deficit at Rs 9.1 lakh crore
30 Apr

India’s fiscal deficit stood at Rs 9.1 lakh crore halfway through this financial year, exceeding the full-year target of Rs 7.96 lakh crore by almost ...

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Plans in progress to bring two schemes under EPFO
30 Apr

The government is proposing to bring the voluntary pension scheme for small traders and unorganised workers under the ambit of the Employees Provident ...

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Centre introduces new law to tackle air pollution in Delhi-NCR
30 Apr

The Centre has brought in a new law through ordinance to set up a commission to tackle the problem of air pollution in Delhi-National Capital Region ( ...

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Tatas to explore non cash settlement with SP Group
29 Apr

Tata Sons could explore a non-cash settlement with the estranged minority shareholder Shapoorji Pallonji (SP) Group to minimise the financial burden i ...

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Pramod Mittal bailed out, will only have to pay Rs. 42 crore out of Rs. 24000 crore he owes
29 Apr

Creditors have approved a proposed individual voluntary arrangement (IVA) by Pramod Mittal, brother of one of the world’s richest men, Lakshmi Mittal, ...

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Delhivery may become a top delivery company in India by revenue
29 Apr

SoftBank-backed logistics major Delhivery would emerge as the largest supply chain company in India by revenue, said its joint MD & chief business ...

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Relief of compound interest to be auto-credited into accounts
29 Apr

Borrowers need not apply for the interest-on-interest waiver scheme for the six-month loan moratorium, the finance ministry has said, asking lend ...

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Haryana RERA penalises several realtors for malpractices
29 Apr

Acting tough, the Haryana Real Estate Regulatory Authority has penalised several colonisers for indulging in malpractices. The RERA bench, headed by i ...

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ITAT revokes the penalty imposed against TATA by Income Tax deptt.
29 Apr

In a major relief, the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Jamsetji Tata Trust denying the penalty imposed on the trust by the ...

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Harley to partner Hero MotoCorp to run its business in India
28 Apr

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

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Airtel sees highest ever quarterly revenue
28 Apr

Bharti Airtel, the country’s second-largest telecom operator, on October 27 reported its highest-ever quarterly consolidated revenue on the back of a ...

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Pandemic to wipe out 3 years of states' fiscal gains: RBI
28 Apr

The Reserve Bank of India (RBI) has warned that the Covid-19 pandemic will wipe out three years of fiscal consolidation gains of the states. It also s ...

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Tatas to acquire up to 51% stake in Bigbasket
28 Apr

The Tata Group is exploring the acquisition of a large stake in Bigbasket in a deal which has the potential of being the biggest investment by a local ...

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Home, Vehicle and Rural Loans top pre Covid levels
28 Apr

Home, Vehicle and Rural loans are helping banks and non-bank lenders spare their blushes even as they remain risk averse to unsecured and wholesale cr ...

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ICICI Prudential Life Q2 net profit marginally up at Rs 303 crore
28 Apr

ICICI Prudential Life Insurance on October 27 reported a marginal rise in net profit at Rs 303 crore for September quarter of the current fiscal year. ...

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Centre ready to challenge Vodafone arbitral award
27 Apr

Armed with an opinion from Solicitor General Tushar Mehta that an arbitral tribunal can’t render a law passed by a sovereign Parliament ineffective, t ...

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The govt should credit interest relief by Nov 5
27 Apr

The government gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus ...

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Govt in no hurry for big PSU selloffs over mkt appetite
27 Apr

The government is going to retain oil, power, coal and banking among strategic sectors with public sector presence, and move in a calibrated way in pr ...

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Industry seeks easier Income Tax rules for foreign nationals
27 Apr

Industry bodies including CII, FICCI, Assocham and US India Strategic Partnership Forum (USISPF) have sought exemption from personal tax for foreign d ...

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Consumer goods makers get festive booster shot
27 Apr

The festive season has offered some much-needed cheer to the corona-hit shopper items business, with retail gross sales within the 10-day Navratri to ...

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Future and Amazon may legally fight out stay on RIL deal in Delhi HC
27 Apr

Echoing Reliance Industries, Future Group on Monday mentioned the Singapore Worldwide Arbitration Centre (SIAC) order granting an interim keep on the ...

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Kotak Mahindra Bank may buy IndusInd Bank: Report
26 Apr

Kotak Mahindra Bank is exploring an acquisition of private sector rival IndusInd Bank, according to a report. The Hindujas’ IndusInd International Hol ...

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Amazon gets stay on RIL-Future group deal
26 Apr

Kishore Biyani’s deal to sell off Future Group assets to Mukesh Ambani’s Reliance Industries for Rs 24,713 crore is now on hold. The Singapore Interna ...

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Yes Bank cuts exposure to DHFL, sells Rs. 500 crore bonds
26 Apr

Yes Bank has significantly reduced its exposure to DHFL by selling the troubled housing finance company’s bonds in the secondary market. The sale of t ...

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NITI Aayog begins groundwork on identifying more PSUs for sale
26 Apr

NITI Aayog has begun the groundwork for selecting the next set of public sector enterprises for strategic sale and disinvestment. A preliminary meetin ...

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RBI and NPCI consider stricter checks for digital pay amid data privacy issues
26 Apr

The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) are examining whether the digital payments ecosystem needs tight ...

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Franklin Templeton Mutual Fund may move SC on fund closures
26 Apr

Franklin Templeton Mutual Fund, which was asked by the Karnataka high court to take investors’ permission to shut six of its debt schemes, indicated t ...

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Aditya Birla Fashion to sell 8% to Flipkart for Rs 1,500 crore
24 Apr

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

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Defence canteens to ban import of finished goods
24 Apr

In a major blow to companies ranging from FMCG and liquor to consumer durables and footwear, the government-controlled Canteen Stores Department (CSD) ...

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Tata Steel and Swedish company in talks for European business deal
24 Apr

Tata Steel and Swedish giant SSAB are in talks for a potential deal to combine their European businesses as the former evaluates sustainable solutions ...

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SEBI bans Yash Birla from market for 2 years
24 Apr

Regulator Sebi has banned Yashovardhan (Yash) Birla from the market for two years. The action is due to misutilisation of funds collected through the ...

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Govt set to divest 10% in General Insurance Corporation and New India Assurance
24 Apr

Government is set to offer 10% shares in the country’s largest non-life insurance company New India Assurance through an offer for sale to the public. ...

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Government Imposes Stock Limits On Onion Traders To Check Prices
24 Apr

To boost domestic supply and provide relief to consumers from rising onion prices, the Centre on Friday imposed stock limits on both retailers and who ...

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Government against new umbrella entity for e-payments
23 Apr

The government has expressed concern over the proposed new umbrella entity for retail payments resulting in a mechanism that is controlled by Indian o ...

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Indian startups push Google to offer options to its billing system
23 Apr

Indian startups and large internet firms are pressing Google to offer alternatives to its billing system and keep the market ‘open’, according to mult ...

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DHFL’s creditors may seek higher bid from Oaktree
23 Apr

US-based Oaktree is the front-runner with a bid of Rs 28,000 crore for housing finance company DHFL, while Piramal Group has offered a much lower pric ...

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MGNREGA beneficiaries surpass last year's numbers
23 Apr

Barely six months into the current fiscal and the government’s flagship rural employment scheme has already surpassed last year’s numbers in terms of ...

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India opposes binding commitments for easier cross-border goods clearance
23 Apr

India has opposed binding commitments on countries to put in place practices for faster clearances of cross-border merchandise even as it has implemen ...

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Indians are spending less on food and more on housing, health & education
23 Apr

In a reflection of a significant shift in consumption pattern among industrial workers, the revised consumer price index for industrial workers (CPI-I ...

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Indian economy at the doorstep of recovery- RBI governor
22 Apr

The Indian economy is at the “doorstep of revival” and both the government and the Reserve Bank of India are maintaining an accommodative stance, acco ...

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PM to meet 15 leading global fund houses to attract investment amid pandemic
22 Apr

Prime Minister Narendra Modi will soon meet 15 leading global fund houses amid heightened interest from foreign investors seeking stable returns in In ...

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India's tyre exports benefit from anti-dumping duties on China
22 Apr

India’s tyre exports are getting help from the anti-China sentiment sweeping different parts of the world. The 25%-37% anti-dumping duty slapped by th ...

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Banks step up festive offers in car and home loans
22 Apr

After interest rate cuts and schemes to draw individual borrowers, banks have stepped up festive offers. SBI on Wednesday said that it would offer a c ...

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UNCTAD sees 7-9% drop in 2020 global trade
22 Apr

The United Nations Conference on Trade and Development (UNCTAD) expects a 7-9% on-year drop in the value of global trade in 2020 despite signs of a re ...

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Companies from neighbouring nations to face tighter scrutiny for govt deals
22 Apr

Companies based in countries sharing a land border with India who bid for government procurement contracts are set to face tighter scrutiny. They will ...

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Government pushes strategic sale of 4 PSUs, which may realise Rs. 49000 crore
21 Apr

The department of investment and public asset management (Dipam) is ready to push ahead with the strategic sale of several public sector companies wit ...

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Mercedes-Benz to produce AMG cars in India
21 Apr

Deepening its manufacturing and investments in India, German luxury carmaker Mercedes-Benz on Tuesday said it will start assembly of its high-performa ...

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IT deal momentum picks up sharply in quarter 2
21 Apr

The IT services deal momentum picked up sharply in the September quarter after a lull in the preceding one. Companies globally are seen to be recognis ...

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20 Lakh people enrolled in EPFO in first five months of FY21
21 Apr

Nearly 20 lakh people enrolled with the employees provident fund organisation in the first five months of the current fiscal, the provisional payroll ...

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US justice department files suit against google for antitrust violations
21 Apr

The US Justice Department on October 20 sued Google over allegations that its search and advertising empire violated federal antitrust laws, launching ...

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Broader and stronger economic revival in September but sustainability a worry
21 Apr

Economic revival broadened and strengthened in September with about nine non-financial leading indicators recording growth during the month while five ...

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China and Pakistan companies must show ownership plan to be eligible for govt deals
20 Apr

From names of directors and their nationalities to a graph depicting the ownership structure, the Centre wants Chinese and Pakistan-based companies to ...

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SEBI sets up data advisory committee for effective dissemination of its data
20 Apr

Markets regulator Sebi has constituted a market data advisory committee (MDAC), headed by Madhabi Puri Buch, a whole time member, for effective dissem ...

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Major boost to Atmanirbhar Bharat, easier entry for local companies in road projects
20 Apr

India is set to make it easier for local companies, especially new entrants, to bid for road projects as the government gives a big push towards Atman ...

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Government issues time-bound rules for farm contract disputes
20 Apr

The government has rolled out time bound rules and procedures for dispute resolution in the recently enacted farm law - Farmers (Empowerment and Prote ...

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Urban unemployment fell to 8.4% in July-September 2019
20 Apr

Unemployment in urban areas fell to 8.4% in July- September 2019 from 8.9% in the June quarter last year, data released by the Ministry of Statistics ...

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Jet’s 2nd coming will depend on reclaiming its slots given to other Indian carriers
20 Apr

Getting its slots given to other Indian carriers back will be a key factor in Jet Airways taking to the skies again under new owners. While the airlin ...

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Makeup and skin care business up as people step out
19 Apr

As people socialise again, discretionary categories in FMCG like makeup and skin care are finally seeing a gradual recovery, according to data provide ...

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FDI with even the smallest Chinese holding will need government's approval
19 Apr

Foreign Direct Investments (FDI) proposals with even minuscule Chinese holding will need government approval, with the Center abandoning its earlier p ...

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BARC ‘highly disappointed’ with Republic TV, says network misrepresented its private email
19 Apr

The Broadcast Audience Research Council (BARC) Sunday accused Republic TV of “misrepresentation”, after the Arnab Goswami-led channel quoted a communi ...

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FDI cap in digital news meant to check Chinese, other foreign influence
19 Apr

The government’s clarification on Friday that the rule allowing 26% foreign direct investment (FDI) in digital news will apply to news aggregators, en ...

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Festive e-sales get push from new shoppers coming from non metros
19 Apr

Festive sales on e-commerce platforms have made a strong start with the first 48-hour sales trends in line with record number estimates for this year’ ...

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IT companies hiring plunges due to covid, recovery likely in second half of FY21
19 Apr

The top four IT services companies hired just 12,258 people in the first half of the fiscal, down from 54,002 in the same period last year, as the pan ...

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Passenger vehicle sales rise 17% in quarter 2 on festive push
17 Apr

As the festive season kicks in, car companies reported higher deliveries to dealerships in view of the anticipated demand rise. Passenger vehicle deli ...

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Diesel sales out of quarantine, shoots past pre-Covid level in October
17 Apr

India consumed nearly 9 per cent more diesel in the first fortnight of October than it did in the same period a year ago and petrol sales remained 1.5 ...

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Corona-Kavach policies cross 1 crore milestone
17 Apr

The market for Corona-Kavach policies has grown 10-fold in a month to 1.1 crore from 15 lakh. A record sales figure that makes it the hottest selling ...

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Retail giants eye rural Indian and small towns to push growth
17 Apr

Retail giants have drawn up aggressive plans to make inroads into the smaller cities and towns of India and are employing a variety of tools, includin ...

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Top e-tailers get notices on 'country of origin' info
17 Apr

The consumer affairs ministry on Friday issued notices to two ecommerce players Amazon and Flipkart for not displaying information, including country ...

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COVID impact: Air India reduces monthly salary bills by 50%
17 Apr

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

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Indian companies may get approval to list in 7 countries
16 Apr

Paving the way for a global listing by the likes of Reliance Jio, LIC and Indian start-ups, the government is set to notify seven countries and the Gu ...

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SC issues notices to RBI, Govt and NPCI over data protection of UPI transactions
16 Apr

The Supreme Court on Thursday sought responses from the Centre, the RBI and the National Payments Corporation of India on a PIL which alleged breach o ...

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Luxury carmakers bet on ‘affordable’ wheels to drive out of slowdown
16 Apr

Luxury carmakers are driving up affordability to win over customers. As the industry passes through a challenging period, exacerbated by the pandemic ...

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IT companies save over 70% in travel costs in September quarter
16 Apr

Increased digital adoption and deal wins has helped the performance of the IT industry to bounce back in the July-September quarter. What has also ben ...

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Punjab, Haryana begin penalising farmers for stubble burning
16 Apr

Punjab and Haryana have started penalising farmers who burn harvest residue on fields as air pollution levels rise in northern India, officials said. ...

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India’s trade deficit narrows to $2.72 billion; Exports up 5.99% in September
16 Apr

India’s trade deficit for September 2020 was estimated at USD 2.72 Billion as against the deficit of USD 11.67 billion in September 2019, which is a d ...

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SC welcomes relief on interest but wants it to be speeded up
15 Apr

The Supreme Court on October 14 said it was a “welcome move” on the Centre's part to waive compound interest on instalments of loans up to Rs 2 crore ...

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Banks can restructure realty loans based on project rather than the developer
15 Apr

The Reserve Bank of India (RBI) has permitted banks to restructure loans to real estate companies on the basis of the project rather than the develope ...

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Government to go ahead with Air India sale, may not retire debt
15 Apr

The government is moving ahead with Air India strategic sale and is expected to ask suitors to bid based on the combined equity and debt value, while ...

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Tractor companies get back to increase production capacity
15 Apr

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

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Wholesale inflation at 7 month high in September
15 Apr

Wholesale Inflation as gauged by the Wholesale Price Index (WPI) index rose to its highest levels in seven months on the back of an increase in prices ...

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India pitches for easier cross-border movement of healthcare professionals
15 Apr

India has pitched for easier cross-border movement of healthcare professionals and sought an outcome for the initiative at the ministerial conference ...

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Wipro eyes $1.3 billion shares in 4th buyback in 5 years
14 Apr

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

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Wipro to give 100% variable pay in quarter 2
14 Apr

Wipro hired 3000 freshers and 439 laterals in the September quarter. The company's total headcount is now 1.8 lakh. The company has given 100% payout ...

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Pharma market rebounds in September, 1st time since Covid
14 Apr

The domestic pharma retail market bounced back for the first time during the pandemic, registering a growth of over 4% in September, helped by increas ...

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Govt may not implement international arbitration tribunal’s order on Vodafone
14 Apr

The Centre has said an international arbitration tribunal’s order in the Vodafone case impinges on its sovereign right to tax, in a strong indication ...

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India among top 3 choices for Overseas Investments
14 Apr

India will be one of the top three overseas investment destinations for the next two-three years, according to a survey by Confederation of Indian Ind ...

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Banks working to ensure the productivity gains made due to Covid-19 are sustained
14 Apr

Banks are formulating strategies to ensure that the productivity gains made due to Covid in terms of flexible working hours, greater use of technology ...

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Govt to spend Rs. 37000 crore, give cash for LTC & Rs. 10k advance for central staffers
13 Apr

Finance minister Nirmala Sitharaman on October 12 announced additional allocation of Rs. 37,000 crore towards capital expenditure, and put money into ...

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Retail inflation hits 8 month high in September of 7.3% on food prices
13 Apr

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

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Food delivery recovers to near pre covid levels
13 Apr

India’s online food delivery volumes have made a full recovery to pre-Covid levels with a number of cities now at over 120% of the peaks set before th ...

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Demand for CAs up 37%, pay packages rise too
13 Apr

There has been a 37% increase in demand for Chartered Accountants (CAs) and their pay packages has seen an upswing too, this year, as the campus place ...

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Highway ministry extends relief to road contractors till December this year
13 Apr

The highways ministry has extended relief measures for road contractors and concessionaires by three months, following a request from the industry.The ...

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Government guarantee ups MSME loans: Cibil
13 Apr

Data released by TransUnion Cibil on fresh loan disbursements to the micro, small and medium enterprises (MSMEs) sector shows that there has been a re ...

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India’s Razorpay becomes unicorn after new $100 million funding round
12 Apr

Payments startup Razorpay’s valuation has more than doubled to $1 billion with its latest $100-million fund-raise, co-led by Singapore’s sovereign wea ...

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Govt to leverage public offers and buybacks for divestment plan
12 Apr

Encouraged by the response to the Mazagon Dock Shipbuilders IPO, the government will prioritise public offers, at an “attractive price”, and buybacks ...

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Realtors seek fresh loan relief after SC hearing on the issue of interest waiver
12 Apr

Builders’ lobby group Confederation of Real Estate Developers’ Associations of India (Credai) has demanded an extension of the loan moratorium with in ...

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Listing of UTI Mutual Fund to end tussle between SEBI and three govt-run financial powerhouses
12 Apr

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

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Delayed withdrawal of monsoon is unlikely to hit harvest of Kharif Crops
12 Apr

The delayed withdrawal of monsoon is unlikely to hit the ongoing harvest of kharif crops, the head of agricultural meteorology at the weather office h ...

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Retail Investors may soon trade in government securities directly
12 Apr

Retail and corporate investors are likely to have direct access to the government bond market. The Reserve Bank of India (RBI) and Clearing Corporatio ...

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RBI keeps rates unchanged, sees FY21 GDP shrinking 9.5%
10 Apr

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

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24 hour RTGS to boost ease of doing business
10 Apr

Real-Time Gross Settlement (RTGS), a mechanism for high-value bank fund transfers, will be made available round-the-clock from December 2020 instead o ...

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Interest rates on home loans above Rs 30 lakh likely to drop
10 Apr

Interest rates on home loans above Rs 30 lakh will become cheaper, with the Reserve Bank of India (RBI) making it less expensive for banks and finance ...

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Pandemic forced companies to invest in cloud based services: TCS
10 Apr

After the setback in the first quarter because of the immediate impact of the pandemic, the environment has been looking good for the Indian IT servic ...

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Government allows exports of certain kinds of onions, but with restrictions
10 Apr

India on Friday eased the export norms for certain kinds of onions and allowed the export of Bangalore Rose Onions and Krishnapuram Onions of up to 10 ...

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Resident Welfare Associations should not stop newspaper delivery: Javadekar
10 Apr

Union minister for information & broadcasting Prakash Javadekar said resident welfare associations (RWAs) shouldn’t stop the delivery of newspaper ...

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Gold ETF inflows drop 34% in September
09 Apr

Gold ETF inflows saw a 34% decline to Rs 597 crore in September on a monthly basis, even as folios grew by 13,000. Mutual fund body Amfi CEO N S Venka ...

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LIC Housing Finance has exceeded pre-Covid business levels in September
09 Apr

LIC Housing Finance (LIC HF), the country’s second-largest home loan company, has said new business last month has been the best for any September in ...

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Search for Indian app store alternative gets a boost
09 Apr

With Google facing heat for its billing policies, the search for a national app store alternative to the Play Store is gathering pace. Paytm is leadin ...

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Cautious lenders go slow on festive auto loan offers
09 Apr

Despite the festival season being just round the corner, car financiers are not rolling out the big bang schemes that are de rigueur this time of the ...

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Banks sanction Rs 1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme
09 Apr

The Finance Ministry on October 8 said banks have sanctioned loans of about Rs 1,87,579 crore to 50.7 lakh business units under the Rs 3-lakh crore Em ...

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Goyal calls upon US businesses to look at India as next investment hub
09 Apr

Commerce and Industry Minister Piyush Goyal has called upon American businesses to look at India as their next investment destination. Addressing Indi ...

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Amazon has sent lagal notice to Future Group on Reliance deal
08 Apr

Amazon  has sent a legal notice to Future Group,  India’s second largest retail chain, for breaching the terms of its contract by selling a ...

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Google faces fresh CCI probe on Smart TVs
08 Apr

The Competition Commission of India (CCI) is examining a complaint that search giant Google abused its dominant market position in smart television op ...

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Reliance, ONGC arms allowed to bid for gas under new rule
08 Apr

The government between 2016 and 2019 gave pricing freedom for all fields except those given to State-owned Oil and Natural Gas Corp (ONGC) and Oil Ind ...

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Covid stress manageable, legacy bad loans taken care of: SBI Chief Khara
08 Apr

Newly appointed chairman of State Bank of India, Dinesh Khara, has mentioned that the Covid-related stress on the debtors of the nation’s largest fina ...

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Government’s decision to waive off compounding interest will add to banker’s costs
08 Apr

Indian bankers fear the government's decision to waive some interest payments on loans under a COVID-19 support plan will create unnecessary work for ...

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Looking at economic recovery employers are restoring the wages
08 Apr

The festival season this year is turning out to be a blessing for many employees who have lived with salary cuts since the Covid-19 outbreak.As econom ...

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RBI’s MPC panel likely to hold rates
07 Apr

The Reserve Bank of India (RBI) has said that its bimonthly monetary policy committee (MPC) meeting will start on Wednesday. The announcement of the M ...

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SBI MD Dinesh Khara appointed as CMD to replace Rajnish
07 Apr

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

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Services Sector stablises in September
07 Apr

The IHS Markit India Services PMI increased to 49.8 in September 2020 from 41.8 in the previous month, easily beating market expectations of 44.7. The ...

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Abhu Dhabi Fund to invest 5513 Crores in reliance Retail
07 Apr

Abu Dhabi Investment Authority (ADIA) has followed sister firm Mubadala in backing Reliance Retail Ventures run by billionaire Mukesh Ambani. On  ...

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IRDAI to look at system for colour coding health covers
07 Apr

To make life simpler for policyholders, insurance regulator Irdai might introduce a system of colour-coding health policies to easily assess the produ ...

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Real estate sector may not get waiver on compound interest
07 Apr

The government is unlikely to extend the proposed interest on interest waiver to the real estate sector, which has already benefited from funding supp ...

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Google’s deferment of 30% fee proves its guilt
06 Apr

Google has deferred in-app commission payment for app developers in India with alternate payment system to March 31, 2022.The company said on Monday t ...

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Government appoints 3 new members for RBI Monetary Policy Committee
06 Apr

The government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank's monetary policy committee (MPC) late on Mon ...

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IT spends on WFH infra increases by 27% p.a.
06 Apr

As enterprises battle pandemic-induced challenges to arm the remote workforce with secure devices and collaborative solutions for maximum productivity ...

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SC tells govt. – Big borrowers also need relief
06 Apr

The government’s readiness to foot the bill of something like Rs 7,000 crore to compensate banks for waiving the interest on interest accrued during t ...

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Framing of rules for 3 labour codes to begin shortly
06 Apr

Labour ministry will soon kick-start the process of framing rules for the three labour codes passed by the Parliament recently, labour minister Santos ...

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Indian rush make the Pension fund AUMs rise over 18% in first half year
06 Apr

Pension funds’ assets grew more than 18% between in the September half year belying fears that job losses and pay cuts could lessen retirement contrib ...

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Credit Card Users to gain most from waiver of “Interest on Interest
05 Apr

The government’s decision to waive “interest on interest” during the March-August loan moratorium period will benefit all individuals with loans up to ...

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Tata Sons may buy out Air Asia JV
05 Apr

Tata Sons, which has a 51 percent holding in AirAsia India, may buy the balance 49 percent stake in the budget airline from the parent Malaysian compa ...

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Government unlikely to opt for traditional stimulus but will focus on specific sectors
05 Apr

The government is unlikely to opt for a traditional stimulus to boost economic activity and will instead focus on specific sectors through schemes suc ...

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Resident Welfare Associations told not to hinder delivery of newspapers
05 Apr

Home delivery of newspapers is an essential service that should not be hindered as they ensure people have access to authentic information, said the U ...

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Subsidies won’t help India become globally competitive
05 Apr

Giving subsidies and tax breaks are not the answer to improve India’s global competitiveness and increase exports, Commerce and Industry Minister Piyu ...

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Banks feel relieved as Govt. to bear loss due to interest waiver
05 Apr

The government’s proposal to pick up the tab for the waiver of 'interest on interest' on loans of up to Rs 2 crore clears the uncertainty over bank ea ...

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Global stocks drop after Trump tests positive for coronavirus
03 Apr

Global markets dropped on October 2 after US President Donald Trump said that he and the first lady had tested positive for the coronavirus. On Wall S ...

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SBI hires CFO from outside of bank for the first time
03 Apr

State Bank of India (SBI) has appointed Charanjit Attra, a consultant with EY, as its chief financial officer (CFO). This is the first time that the b ...

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Restrictions on tyre imports from China to push sales in domestic industry
03 Apr

Automotive Tyre Manufacturers Association (ATMA) on Wednesday said restrictions on import of tyres will pave the way for increased domestic production ...

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Government plans to list LIC abroad to attract global investors
03 Apr

The government is evaluating the option for an overseas listing of Life Insurance Corporation (LIC), the country’s largest insurer, in what many belie ...

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Smaller brands may be forced to import fully built mobile devices, after latest BCD levy
03 Apr

Smaller smartphone brands may resort to importing completely built devices instead of assembling in India, as the aggregate duty on components has bec ...

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Moratorium ends, lenders begin repossession, defaulters may lose their vehicles
03 Apr

As the moratorium on loan repayment ends, the used car market is expected to see a flood of vehicles seized by lenders from defaulters. Banks and non ...

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Diligent borrowers need to be kept away from credit flow-slowing loan waiver politics
03 Apr

When the Mazdoor Mukti Morcha of Punjab began holding rallies on the banks of the Sutlej to force lenders to go easy on borrowers unable to repay thei ...

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Manufacturing activity expands at fastest pace in over 8 years
02 Apr

Activity in manufacturing sector rose at its fastest pace in more than eight years on the back of robust new orders as the economy opened for business ...

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With 10% duty on display and touch panels, phones to cost more
02 Apr

Smartphones and feature phones sold by Samsung, Apple, Vivo, Xiaomi, Oppo and RealMe will cost more as the government has imposed a 10% import duty on ...

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Increase in demand due to festive season is reviving auto sales
02 Apr

Festive cheer is fuelling a comeback for the auto industry. As the economy struggles amid the coronavirus-driven slowdown, the car and two-wheeler ind ...

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IBC changed attitude of debtors and creditors: CAG
02 Apr

The Insolvency and Bankruptcy Code (IBC) has nudged the behaviours of debtors and creditors and this has resulted in substantial recoveries for credit ...

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Micro Enterprises benefited most from government’s Emergency Credit Line Guarantee Scheme
02 Apr

Micro enterprises have been the largest beneficiaries of the government’s Emergency Credit Line Guarantee Scheme (ECLGS) with most loans being granted ...

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License requirements may become mandatory on toy imports from March
02 Apr

India could introduce a phased license regime among other non tariff barriers on imported toys from March next year as the government wants the domest ...

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Govt to fall short of divestment target, to borrow Rs. 12 lakh crore
01 Apr

The government on September 30 acknowledged for the first time that it will fall short of the disinvestment target as it deferred the BPCL bid su ...

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Core sector shrinks for sixth month in row
01 Apr

Output from the country’s core sectors contracted for the sixth consecutive month in August as the pace of decline accelerated, dragged down by a cont ...

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Current Account surplus jumps to $ 20 billion, due to a collapse in imports
01 Apr

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

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China's factory activity accelerates on overseas demand
01 Apr

China's factory activity extended solid growth in September, twin surveys showed, as the nation's crucial exports engine revved up on improving overse ...

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Companies Fresh Start Scheme 2020 Extended Until 31 December 2020
01 Apr

The Ministry of Corporate Affairs (MCA) has decided to continue providing the opportunity of doing business with ease for a longer period. That is the ...

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Indians cut down on alcohol and cigarettes as pandemic limiting extra expenses
01 Apr

Indians have significantly cut down on their spending on alcohol and cigarettes since the Covid 19 pandemic as they remain cautious on discretionary e ...

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CBDT extends deadline for filing belated, revised ITRs for AY 2019-20 to November 30
01 Apr

The Central Board of Direct Taxes (CBDT) on September 30 extended the deadline for filing belated and revised ITRs for Assessment Year 2019-20 from Se ...

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Forensic Audit information to Stock Exchanges must: SEBI
30 Apr

Markets regulator Sebi on September 29 made it mandatory for all listed entities to disclose to the stock exchanges any forensic audit that a company ...

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Reliance Jio to PMO: Poor services due to delay in spectrum sale
30 Apr

Reliance Jio, the country’s largest telecom operator, has written to the Prime Minister’s Office (PMO) and the telecom ministry, alleging that “vested ...

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No need for e-pay gateway to deduct tax if e-commerce platform does it
30 Apr

The income tax (I-T) department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-comm ...

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E-tailers and logistics companies may hire 1.5 lakh seasonal workers for festive sales
30 Apr

With consumer demand expected to surge for e-commerce in the festive sales, top e-tailers and logistics platforms are cumulatively expected to create ...

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Government is said to consider selling 25% stake in LIC
30 Apr

India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prim ...

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Govt looking at various ways to provide support to economy; needs a holistic approach
30 Apr

Finance Minister Nirmala Sitharaman said there is a need to have a "holistic" approach to handling the economy instead of a "silo-based and myopic app ...

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Small business owners, entrepreneurs opting for virtual office
30 Apr

Virtual office services, offered by co-working operators, have reported a 50% jump in demand after many small business owners and newly minted entrepr ...

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RBI postpones Monetary Policy Committee meeting in absence of new members
29 Apr

The Reserve Bank of India (RBI) on Monday said that the three-day monetary policy committee (MPC) meeting scheduled to commence from September 29 to r ...

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Decision in 2-3 days over interest on deferred instalments by banks, Centre tells SC
29 Apr

The Centre informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were def ...

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3 member panel comprising of Laxmi Vilas Bank directors is working on right issue
29 Apr

The three-member committee comprising Lakshmi Vilas Bank (LVB) directors is working on a rights issue, which is expected in a couple of months, while ...

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SBI cuts auto loan rates, offers special rates for loans using bank's mobile app
29 Apr

Ahead of the festival season, State Bank of India (SBI) has announced rate cuts and fee waivers on various consumer loans. Interest rates on car and p ...

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Income tax department to seek Attorney General’s views on Vodafone ruling
29 Apr

The income tax department will seek the Attorney General’s opinion on what course it should take after having lost the retrospective tax arbitration c ...

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Indian cos with foreign units fear domestic tax implications
29 Apr

Many Indian companies with foreign subsidiaries whose directors or senior executives are stranded in India due to the pandemic are now worried that th ...

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Govt. saves 50% of the funds allocated for PMKVY, despite achieving 93% target
29 Apr

The government has saved half the funds allocated to its flagship skilling programme, despite achieving 93% of the target of skilling 10 million youth ...

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RBI may push Laxmi Vilas Bank to merge
28 Apr

The unprecedented move by shareholders of Lakshmi Vilas Bank (LVB) to oust an RBI-approved CEO and directors is likely to result in the banking regula ...

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Deposit-credit gap widens by Rs 8.2 lakh crore so far in FY21
28 Apr

Bank credit growth continues to lag with loans outstanding yet to reach end-March 2020 levels even as deposits continue to surge, growing 5% during th ...

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Government yet to name nominees of Monetary Policy Committee panel
28 Apr

Typically, it is the Reserve Bank of India (RBI) governor who is at the centre of attention ahead of the Monetary Policy Committee (MPC) meeting. But ...

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Reliance Jio to bring cheap android smartphone; may shake up smartphone industry
28 Apr

With an eye on entering mobile manufacturing, Reliance Industries may acquire United Telelinks or forge a contract-manufacturing deal, sources said. Q ...

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Saffron prices down 15% due to high imports, weak demand
28 Apr

The price of saffron has fallen 15% in the past two months because of higher imports from Iran and weak demand. It is currently being quoted at Rs 130 ...

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CII seeks changes in RBI directive on opening of current accounts
28 Apr

The Confederation of Indian Industry (CII) has urged the Reserve Bank of India (RBI) for a relook on its last month's circular on opening of current a ...

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RBI unlikely to change repo rate in October bi-monthly policy review
28 Apr

India’s central bank is unlikely to change the benchmark lending rate in its October bi-monthly policy review, which will be analysed threadbare by in ...

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Vodafone wins Rs 20,000 crore arbitration against India
26 Apr

Global telecom giant Vodafone has won a long-pending arbitration against India with the Permanent Court of Arbitration in Hague ruling that income tax ...

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CAG red flags govt's strategic sale of one PSU to another
26 Apr

The Comptroller and Auditor General (CAG) has red flagged the government’s “disinvestment” programme involving the “strategic sale” of one public sect ...

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Premium on cyber insurance rose by 20%
26 Apr

Premium on cyber insurance covers has risen by nearly 20% for corporates, as insurers see a surge in cyberattacks and higher claims arising out of suc ...

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Telcos avoid Chinese companies as preferred partners for 5G trials
26 Apr

Vodafone Idea has joined Reliance Jio Infocomm, Bharti Airtel and state-run Bharat Sanchar Nigam Ltd (BSNL) in naming European and American equipment ...

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PSU Banks on-board, 1-crore account holders on digital payment mode in a month
26 Apr

The finance ministry on September 25 said that public sector banks have on-boarded about one crore customers on digital payment modes in just one mont ...

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Solar manufacturers asked for list of goods for exemption from basic customs duty
26 Apr

The Ministry of New and Renewable Energy (MNRE) has issued a notification asking solar PV manufacturers and associations to provide the list of machin ...

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Government operationalises 'Faceless Income Tax Appeals' system
26 Apr

The government on September 25 issued a notification operationalising 'Faceless Income Tax Appeals' system which seeks to honour honest taxpayers of t ...

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Tata group and Jubilant Food Works eye CCD's vending business
25 Apr

Tata Group, India’s biggest conglomerate, and Jubilant Food-Works (which owns the franchise for Domino’s and Dunkin’ Donuts in India), are weighing a ...

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Government to extend IBC suspension by another 3 months
25 Apr

The government has extended the suspension of insolvency proceedings for any COVID-19 related default by a period of three months, effective from Sept ...

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Chinese car company plans to up investment in India by Rs.1 Lakh crore
25 Apr

Unfazed by the anti-China sentiment, MG Motor has said that it will approach the department for promotion of industry and internal trade (DPIIT) to ma ...

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Businesses welcomed but trade unions protest against controversial labour reforms
25 Apr

Business groups on September 24 welcomed contentious and long-delayed labour reforms passed by the Parliament this week, aimed at making hiring and fi ...

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RBI focuses on cyber security for co-operative banks
25 Apr

The Reserve Bank of India (RBI) has come out with a cybersecurity framework for urban co-operative banks (UCBs). The move comes a week after the Lok S ...

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Health industry to help center to realise health insurance plans for middle class
25 Apr

The health insurance industry is looking at ways to implement the government's ambitious 'Missing Middle' universal health project that aims to cover ...

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State Transport Authorities invite banks, payment companies etc. to adopt contactless solutions
25 Apr

Across India, state transport authorities are inviting banks, fintech companies, card networks and payment service providers to replace their traditio ...

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Parliament passes Labour Bills, making it easier for employers to hire and fire
24 Apr

Parliament on Wednesday passed the three key labour reform bills that will provide greater flexibility to employers to hire and fire while ensuring so ...

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Parliament passes Bilateral Netting of Qualified Financial Contracts Bill
24 Apr

Finance minister Nirmala Sitharaman said the Bilateral Netting of Qualified Financial Contracts Bill would have a huge bearing on the stability of the ...

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CAG slams French companies for not fulfilling Rafale offset terms
24 Apr

French firms Dassault Aviation and MBDA, the main companies in the Rs. 59,000 crore contract for 36 Rafale fighters inked in September 2016, have been ...

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KKR to buy 1.3% stake in Reliance Retail for Rs. 5,500 crore
24 Apr

After Silver Lake invested in Reliance Retail Ventures (RRVL), fellow private equity fund KKR too has decided to back India’s largest retailer. The US ...

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Takeaway is now up to 30% of food companies sale
24 Apr

The takeaway business, which accounted for a small fraction of sales before the pandemic, has emerged as one of the fastest growing sales channels for ...

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Move to BS4 emission norms likely to shrink premium tractor segment
24 Apr

With tractors in the 50 horsepower (HP) and above range set to migrate to BS4 emission norms from October 2021, higher HP and more premium segment in ...

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With festive season launches, auto companies eye growth
24 Apr

As the festive season sets in, auto companies have commenced launches in a bid to lure buyers. On September 23, Mercedes-Benz India drove in the Rs 1. ...

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SC restrains Shapoorji Pallonji Group from pledging shares of Tata Sons
23 Apr

The Supreme Court on Tuesday restrained Shapoorji Pallonji Group from pledging or transferring its shares in Tata Sons to raise money from the market, ...

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Reserve Bank of India may not push to pursue suggestions for monetisation of deficit
23 Apr

The Reserve Bank of India may not be keen on pursuing suggestions for monetisation of deficit, a proposal that is being pushed by a section of policy ...

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Only Rs. 2 Lakh Crore corporate loans may be restructured: SBI
23 Apr

State Bank of India (SBI) chairman Rajnish Kumar has said he does not expect the value of bank loans to corporates that come up for restructuring to e ...

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Home loan enquiries exceed last year's level
23 Apr

The strict lockdown in the first quarter of the current fiscal resulted in creating pent-up demand for home and auto loans, which is finding expressio ...

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India Inc seeks emergency credit line extension for stressed companies
23 Apr

India Inc has made a strong pitch to extend the emergency credit line guarantee scheme (ECGLS) to stressed sectors while allowing alternate investment ...

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Delhi HC stays tax assessment proceedings against Tiger Global on Flipkart-Walmart deal
23 Apr

The Delhi High Court granted a stay against initiation of assessment proceedings by tax authorities into sale of Tiger Global’s 17% stake in Flipkart ...

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Parliament clears banking regulation bill to bring co-operative banks under RBI
23 Apr

The Rajya Sabha on Tuesday passed the Banking Regulation (Amendment) Bill, 2020, that aims to bring co-operative banks under the regulatory framework ...

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Digital payment firms join Paytm in fight against Trai, telcos over financial frauds
23 Apr

Homegrown digital payments majors such as PhonePe, Mobikwik, Infibeam Avenues, among others, have joined Paytm in criticising the telecom regulator an ...

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SBI Loan Restructuring: SBI Offers Up To 2 Years Repayment Relief For Home & Retail Loans
22 Apr

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

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China increases prices of main drug ingredients
22 Apr

At a time the drug industry is grappling with the coronavirus pandemic, India’s pharmaceutical companies are likely to confront a new challenge as Chi ...

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Tiger Global moves HC against AAR order on Flipcart Tax ruling
22 Apr

New York-based private equity (PE) investor Tiger Global on Monday moved the Delhi High Court against the quasi-judicial body ruling. The ruling in Ju ...

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Rajan, Acharya suggest scrapping of Financial Services Dept in FinMin for PSBs' independence
22 Apr

Former RBI Governor Raghuram Rajan on Monday suggested that the government should privatise select public sector banks, set up a bad bank to deal with ...

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Economic Activity improves to Pre-Lockdown Levels
22 Apr

Economic activity improved further in the week ended on 20.09.20 climbing almost to the levels just before India went into lockdown on March 25. The N ...

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Govt hikes Rabi MSPs in advance amid farmer stir
22 Apr

The Cabinet Committee on Economic Affairs (CCEA) on Monday approved 2-6% increases in the minimum support prices (MSP) for the 2020-21 Rabi season. Ev ...

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IPO rush returns as quality companies come up with offers at attractive prices
21 Apr

After a relative lull of five months, companies are rushing in to go public with the stock market witnessing low volatility, which is conducive for fu ...

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Govt to impose 5% import duty on TV panels from Oct 1, 2020
21 Apr

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

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Google has different rules for itself, says Paytm
21 Apr

Following the high drama between Paytm and Google on Friday, the Noida-based mobile payments company on Sunday evening accused Google of having a diff ...

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Khadi Village Industries Commission distributes Cycle-mounted Tea/Coffee Units to unemployed
21 Apr

In its sustained efforts to create local self-employments to strengthen “Aatmanirbhar Bharat Abhiyan”, Khadi and Village Industries Commission (KVIC) ...

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ED tells SC about suspicious transactions between JSW steel and BPSL
21 Apr

The Enforcement Directorate (ED) has cited suspicious transactions between JSW Steel and Bhushan Power and Steel (BPSL), in its latest filing before t ...

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Cautious independent directors ringfence assets; transfer to trusts, relatives
21 Apr

Several independent directors have begun ring fencing their assets by transferring titles to trusts or family members to safeguard their interests in ...

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CII survey finds business sentiment bounce-back between July and September as restrictions eased
21 Apr

Business sentiment has bounced back between July and September as India gradually lifted restrictions imposed due to the outbreak of Covid-19, a confe ...

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High drama evolves as Google removes Paytm from play store, then brings it back.
19 Apr

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

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Procurement norms tightened to control imports
19 Apr

The government on Friday further tightened public procurement norms to allow ministries to mandate over 50% local content, while also insisting that o ...

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TRAI seeks transparency in mobile tariffs for benefit of consumers
19 Apr

In a consumer-friendly measure, telecom regulator Trai has stepped in to drive transparency and accountability in mobile tariffs, making it contingent ...

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Cheap oil is helping government battle Covid tensions
19 Apr

The historic oil price crash in April and a protracted spell of subdued market reduced India’s oil import bill since January by 40%, giving the cash-s ...

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Government proposes to cap surcharge on dividend income for FPIs
19 Apr

India has proposed to cap the surcharge levied on the dividend income of foreign portfolio investors (FPIs) that use a trust structure at 15% against ...

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RBI refuses to let ARCs bid for insolvent assets
19 Apr

The Reserve Bank of India has refused to let asset reconstruction companies act as resolution applicants in insolvency cases, a stance that could halt ...

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Haryana Rera: Lender needs 2/3rd buyers’ nod to auction project
19 Apr

If a developer fails to repay loans, resulting in the project being taken over by the lender – bank or any other financial institution – the lender wi ...

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Importers must prove 35% value addition in origin country to get FTA benefits
19 Apr

Importers will have to provide proof of 35% value addition of goods imported through free trade agreements (FTA) to customs authorities, failing which ...

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Advisor suggested 4 sale options for winding up Air India
18 Apr

The transaction adviser for Air India’s divestment has suggested four options to the government regarding the struggling airline’s future that range f ...

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Shapoorji Pallonji (SP) Group has served a notice for damages on Tata Sons
18 Apr

Shapoorji Pallonji (SP) Group has slapped a notice for damages on Tata Sons board members over its move to block the group from pledging its 18.4% sta ...

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Happiest Minds IPO oversubscribed, promoter Ashok Soota makes Rs. 2.4k crore
18 Apr

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

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IRDAI to standardise insurance covers
18 Apr

The Insurance Regulatory and Development Authority of India (IRDAI) has said that the insurance industry needs to operate in a counter-cyclical manner ...

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6 Million white collar professionals lost jobs during May-August: CMIE
18 Apr

Almost six million white-collar workers, including engineers, physicians, teachers, accountants and analysts, lost their jobs between May and August, ...

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DoT yet to take call on upfront payment for 4G spectrum sale
18 Apr

The telecom department is yet to decide if upfront payment should be collected from mobile phone companies that buy 4G spectrum in the next auction, g ...

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India extends quality norms enforcement deadline for domestic toy industry to Jan 2021
17 Apr

In a relief to India’s toy industry, the government on Wednesday extended the enforcement of compulsory certification by the Bureau of Indian Standard ...

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Petrol sales back to pre-Covid level in September
17 Apr

Petrol sales have fully recovered to pre-Covid level and diesel is down just about 6% in the first half of September from a year earlier, signalling p ...

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RBI governor Shaktikanta Das dashes hopes of V-shaped economic recovery
17 Apr

Reserve Bank of India (RBI) governor Shaktikanta Das on Monday squashed expectations of a V-shaped recovery and called for a policy focus on increasin ...

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Need 1 more year to settle Sterling dues, says Shapoorji Pallonji (SP) Group
17 Apr

Exactly 10 days after Tata Sons moved the Supreme Court to stop estranged minority shareholder Shapoorji Pallonji (SP) Group from pledging its shares, ...

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Lok Sabha passes bill to bring co-operative banks under RBI supervision
17 Apr

Protecting depositors’ interests, the Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020, to bring co-operative banks under t ...

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Facebook launches programmes for small businesses in India
17 Apr

Facebook on Tuesday announced its small business grant programme for India. Part of the company’s $100 million global grant for small businesses, Face ...

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Flipkart integrates Paytm's e-wallet on its platform
17 Apr

In a surprising move, Flipkart has started integrating Paytm's e-wallet on its platform even as it continues to compete with its unit PhonePe for the ...

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Toyota suspends launch of new car, blames prohibitive tax rates
16 Apr

Japanese auto major Toyota is suspending plans to launch new cars in India and is also putting a halt to fresh factory investments as it blames “prohi ...

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Exports drop for sixth consecutive month in August
16 Apr

The country’s exports contracted for the sixth consecutive month in August, dragged down by a decline in shipments of petroleum, leather, engineering ...

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Exchange Traded Funds (ETFs) jump 26 times in 5 years
16 Apr

There has been a 26-fold rise in assets under management (AUM) of exchange-traded funds (ETFs) in a little over five years to more than Rs 2 lakh cror ...

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Govt to take steps to stop misuse of Free Trade Agreements (FTAs)
16 Apr

The customs department will be keeping a close eye on imports of items such as mobiles, white goods, set-top boxes, agarbattis, cameras and other elec ...

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The recovery in air traffic is slower in India than other parts of Asia
16 Apr

The recovery in air traffic in India has been slower than in other parts of Asia and Europe.While traffic in China has almost reached 90 per cent of p ...

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DoT to seek legal view on payment of first AGR portion
16 Apr

The Department of Telecommunications (DoT) is likely to seek legal opinion from the solicitor general on whether telcos need to make an upfront paymen ...

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Some lenders to Kishore Biyani, invoked pledges to take equity stake in Future Group firms
16 Apr

Some of the lenders to Kishore Biyani such as PE funds, Apollo Global Management, AION and Blackstone, along with RBL Bank and Axis Finance have recen ...

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Dream11's valuation to get double to $2.5 billion
15 Apr

New York-based investment firm Tiger Global Management, along with private equity majors ChrysCapital, TPG and Footpath Ventures, have bought about 10 ...

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Government seeks approval for Rs 2.4 lakh crore extra spending
15 Apr

Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for extra spending of Rs 2.4 lakh crore, out of which the cash outgo totale ...

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Retail infaltion at 6.7% in August, above RBI's comfort level
15 Apr

Retail inflation remained above the central bank’s comfort level for the fifth consecutive month in August, and held near the previous month’s level a ...

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No proposal for raising FII limit in Public Sector Banks to 49% from 20%
15 Apr

There is no proposal for raising Foreign Institutional Investment (FII) ceiling in public sector banks to 49% from 20% for capital mobilization, Minis ...

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Mistry Group within its rights to pledge shares of Tata Sons
15 Apr

The Mistry Group said it has every right to pledge its shares of Tata Sons, pointing out that the company’s articles of association do not restrict th ...

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Oil fell to near $37 a barrel with demand in focus
15 Apr

Oil fell to near $37 a barrel in New York while a slew of downbeat predictions from OPEC to BP plc reinforced concerns that a resurgent pandemic is pr ...

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RBI asks banks to fully automate NPA recognition process
15 Apr

The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems and ensure automation of non-performing asset (NPA) id ...

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Income per household nearly doubles to Rs 1,400 a month under MNREGS
15 Apr

Income per household under the scheme of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has nearly doubled to Rs 1400 per ...

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Shift in spending from credit to debit cards due to lockdown
14 Apr

There has been a shift in spending from credit cards to debit cards during the first quarter of the current fiscal as Indians held back on discretiona ...

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Sebi clarifies mutual funds free to choose route to comply with revised norms
14 Apr

Markets regulator Sebi on Sunday evening said it was open to discussions with the mutual fund (MF) industry for a smooth transition for multi-cap fund ...

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TVs may cost more from October as import duty on open cell panels ceases
14 Apr

Television prices could go up from October as the 5% import duty concession on open cell panels, which was offered last year, ceases at the end of thi ...

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Loan restructuring to hit private lenders' exclusive deals with borrowers
14 Apr

Smarter banks fear that the straightjacket one-time loan restructuring (OTR) framework would kill the exclusive deals they have cut with borrowers. So ...

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Move to cap incentives may impact about 700 exporters
14 Apr

Around 700 exporters of engineering items, automobiles, chemicals, pharmaceuticals, oil and gas, and textiles are likely to get impacted by the govern ...

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Tata Motors to cut mid-term capex by Rs 50,000 crores to achieve zero debt target
14 Apr

Tata Motors may slash more than Rs 50,000 crore from the previously estimated capital expenditure over three years at the Jaguar Land Rover unit and I ...

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Railways boosts vehicles loading to raise modal freight share
14 Apr

Indian Railways has seen a significant increase in automobile loading over the last few months after it started working on opening new avenues for boo ...

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India's industrial output contracts at a lower pace in July
12 Apr

India’s industrial production contracted by 10.4% in July, a slower pace than the 16.6% contraction witnessed in the previous month, suggesting that e ...

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Multi cap mutual funds to hold 25% each in large, mid and small stocks: SEBI
12 Apr

Multi-cap mutual funds, in which fund managers currently have the liberty to take a call on stocks of their choice across market capitalisation spectr ...

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Gold ETFs record inflow of Rs 908 crore in August, for fifth month in a row
12 Apr

Gold ETFs witnessed an inflow of Rs 908 crore in August, for fifth month in a row, amid major economies staring at recession due to the spread of coro ...

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India passenger vehicle sales up 14% in August, two-wheeler sales rose 3%
12 Apr

After a long period of witnessing negative growth across segments, there is finally some good news for the automobile industry. According to the month ...

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Tata Sons moves SC to stop Mistrys from raising funds on Tata shares
12 Apr

Tata Sons Ltd on 5 September moved an ‘urgent’ application before the Supreme Court to restrain the Shapoorji Pallonji Group promoters from raising ca ...

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TV advertisements volume rise as festive season kicks in and lockdown eases
12 Apr

TV broadcasters who reported a major drop in advertising revenues during the last quarter are witnessing a surge in advertising volumes and are gearin ...

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Zomato plans IPO in 2021, ex-staff get $30 million cashout
11 Apr

Online restaurant discovery platform Zomato has started preparations to go for an initial public offering (IPO) in 2021, making it the first among Ind ...

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RIL becomes 1st Indian company to hit $200 billion market capitalization
11 Apr

Reliance Industries (RIL) on Thursday became the first Indian company to cross the $200-billion market capitalisation mark after its stock surged over ...

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Ratings agency Crisil forecasts sharper GDP fall of 9% in FY21
11 Apr

Ratings agency Crisil on Thursday forecast a sharper contraction for India’s GDP in 2020-21, estimating that it will decline by 9%, higher than its ea ...

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Govt sets up committee to study on interest relief on bank loans
11 Apr

The government on Thursday set up a threemember panel to make an assessment of the issue of relief sought in terms of waiver of interest on interest a ...

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Car sales grow in double digits during festive season
11 Apr

The festive season of FY21 has got off to a good start with the 15 days of Ganesh Chaturthi and Onam witnessing a strong double digit growth of over 1 ...

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Shareholders getting more say in CEO remuneration at India Inc.
11 Apr

From  promoter executives of companies to professional CEOs, salaries of senior management at India Inc are undergoing changes to better reflect ...

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Department for Promotion of Industry and Internal Trade reviews 11 Acts under its ambit
11 Apr

India could introduce hefty monetary penalties instead of imprisonment for many violations under 11 laws including the Patents Act, Copyright Act and ...

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Govt may tighten norms for TV imports to boost India-made Television sets
10 Apr

The government plans to restrict the number of television sets that companies can import to India in a year to boost local manufaturing, a move that's ...

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Indian luxury car market may register a record 40% decline in 2020
10 Apr

The Indian car market may be witnessing a sharp turnaround, driven by strong demand for entry-level models, but the story isn’t pretty when it comes t ...

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India's sugar exports will rise 50% to a record level of 5.7 million tonne this month
10 Apr

India’s sugar exports will rise 50% to a record of over 5.7 million tonnes in the season ending this month, helped by the depreciated rupee, subsidy a ...

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EPFO to pay interest in two instalments of 8.15% & 0.35%
10 Apr

The central board of the Employees’ Provident Fund Organisation (EPFO) on Wednesday said it will pay 8.5% interest to its subscribers for the year end ...

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PE fund Silver Lake buys 1.8% stake in Reliance retail for Rs 7,500 crore
10 Apr

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

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FM launches PSU banks’ doorstep service
10 Apr

Union finance and corporate affairs minister Nirmala Sitharaman on Wednesday launched the doorstep banking service of state-run banks, which is expect ...

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Exports rise 13% in 1st week of September, railway freight up 10%
10 Apr

India’s exports have increased 13% during the first week of September, while railway freight loading is around 10% higher, indicating signs of a picku ...

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PowerGrid to monetise 5 units worth Rs. 7000 Crore
09 Apr

The Cabinet Committee on Economic Affairs has allowed Power Grid Corporation of India Limited (POWERGRID) to undertake monetization of its Tariff Base ...

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Silver Lake invests $500 million in India's Byju's at a valuation of $11 billion
09 Apr

Private equity giant Silver Lake led a $500 million funding round for Byju’s that valued the Indian online education platform at around $10.8 billion, ...

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Companies can now hold their FY20 Annual General Meeting by Dec 31: MCA
09 Apr

In a major relief for corporates, the Ministry of Corporate Affairs (MCA) has extended the deadline to hold Annual General Meeting (AGM) for the finan ...

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Fitch and Goldman Sachs estimates shrinking of GDP by double digits
09 Apr

Global ratings agency Fitch on Tuesday sharply revised its forecast for India's GDP growth, estimating that it will contract 10.5% in 2020-21, while G ...

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Top 5 PSU oil companies to join International Solar Alliance (ISA) as corporate members
09 Apr

Five Public Sector Undertakings (PSUs) under the Ministry of Petroleum & Natural Gas will be joining International Solar Alliance (ISA)’s Coalitio ...

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Fitch expects Jio and airtel to grow as Dues payment in 10 years not enough to aid Voda Idea
09 Apr

The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, ...

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Need for regulation on data handling by law enforcement agencies
09 Apr

Nasscom has called for limiting the scope of decryption of data on mobile phones in possession of the law enforcement agencies.In a discussion paper o ...

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RBI accepts Kamath committee report on relief to 26 sectors
08 Apr

Companies in sectors such as retail and wholesale trade, textiles and engineering, which were repaying loans before the Covid crisis, can look forward ...

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NBFCs request FM to ease loan restructuring eligibility rules for small companies
08 Apr

MUMBAI: Non-banking finance companies (NBFCs) have petitioned the finance minister to relax norms and allow restructuring for all standard loan accoun ...

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Need to hike rates to cover higher costs says Voda Idea
08 Apr

Vodafone Idea, the country’s third-biggest mobile operator, has said that mobile tariffs have become “unsustainable” and need to be raised immediately ...

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Harley Davisdson likely to enter into partnership with Hero Moto
08 Apr

It could be a Hero and Harley Davidson partnership in India as the American cult bike maker re-orients its India strategy and looks at a “strong, cred ...

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Foreign Portfolio Investors may be allowed to buy bad loans directly
08 Apr

Foreign Portfolio Investors (FPIs) may soon be able to directly acquire bad loans being sold by banks and other lenders. The Securities and Exchange B ...

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Auto Industry see 10% reduction in skilled workers as migrant workers left due to pandemic
08 Apr

The automobile distribution industry has seen a 10% decline in manpower owing to skilled workers going back to their villages following the outbreak o ...

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Tata Motors DVR rallies as promoters acquire over half a crore shares
08 Apr

Tata Motors DVR (differential voting rights) stock gained 10.5 per cent on Monday taking the total gain in a month to 51 per cent compared with the 26 ...

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Government to align agriculture with changing climate and rainfall patterns
08 Apr

The government plans to review crop planting across the country to align agricultural planning with changes in climate and rainfall patterns.The focus ...

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RBI norms may exclude several companies from loan recast scheme
07 Apr

The RBI’s norms on corporate loan restructuring are likely to exclude a large number of companies as bankers expect advances worth only Rs 2-3 lakh cr ...

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Affordable housing: Major driver of home loan growth for HDFC
07 Apr

Affordable housing has emerged as a major driver of home loan growth for HDFC. The country’s largest housing finance company has disbursed over 50,000 ...

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SBI Moots VRS Scheme To Optimise Costs, About 30,000 Employees Eligible
07 Apr

In a bid to optimise its costs, State Bank of India has planned a voluntary retirement scheme under which about 30,190 employees are eligible. Total e ...

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Govt panel clears $100-billion mobile export proposals from global manufacturers
07 Apr

Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around ...

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Rating companies in a dilemma over action on loan default before rejig approval
07 Apr

As Corporate India and banks prepare to rejig loans and stay afloat, credit rating agencies are caught in a Catch-22 situation.In the absence of any r ...

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Banks gear up for due diligence before loan recast programme
07 Apr

Lenders preparing to implement a loan restructuring programme for companies hit by the Covid-19 pandemic are conducting a detailed study of cash flows ...

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Retailers adopt just-in-time strategy for the festive season
07 Apr

Retailers in India from Benetton and Spencer’s Retail to Puma and Godrej Appliances have adopted a just-in-time strategy for the festive season, a dep ...

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Exports, imports doing well, export benefit cap to not affect 98% exporters: Piyush Goyal
05 Apr

Commerce and industry minister Piyush Goyal said that India’s exports and imports are doing well, and the capping of export incentives under the Merch ...

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Retailers plan to set up their own online stores
05 Apr

More offline garment, footwear and other retailers are looking to set up their own online storefronts and logistics for online deliveries, according t ...

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RBI reconstructs rules for priority sector loans, adds startups
05 Apr

The RBI has overhauled its priority sector lending (PSL) norms to boost fund flows to districts that have been excluded and has doubled its limit for ...

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Government may hike import duty on car assembly kits
05 Apr

In a move seen as a protectionist measure, the government on Friday said that import duty on cars and completely- and semi-knocked down assemblies (CK ...

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Strict lockdown led to steep contraction of economy: FinMin report
05 Apr

The finance ministry on Friday said the country is witnessing a V-shaped economic recovery and attributed the steep 23.9 per cent contraction of the e ...

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Government tells ministries to check non-priority spends
05 Apr

The government on Friday unveiled a fresh set of austerity measures, urging ministries and departments to curb non-priority expenditure at a time when ...

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High-end residential sales witness relatively better grip in last two months
05 Apr

Sales of luxury real estate, properties worth Rs 1 crore and more, appear to have seen better traction than other segments in the last two months as t ...

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Kamath committee identifies six problem industries on loan restructuring
04 Apr

The KV Kamath committee, set to submit its report on loan restructuring to the Reserve Bank of India (RBI) on 04.09.2020, is said to have identified s ...

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Voda Idea likely to raise $1.5 billion via equity
04 Apr

Vodafone Idea is considering raising $1-1.5 billion initially through equity and is in talks with local and overseas investment bankers for running th ...

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India's services activity shrinks for sixth consecutive month, but pace of decline slows
04 Apr

Services activity in India contracted for the sixth consecutive month in August though the pace of decline slowed as some firms gradually resumed oper ...

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No loan to be termed NPA till new orders, says Supreme Court
04 Apr

In a major relief to individual and commercial borrowers, the Supreme Court on Thursday asked banks not to declare any loan account as non-performing ...

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FM tells banks to frame loan recast scheme for all viable units by Sept 15
04 Apr

Finance Minister Nirmala Sitharaman on September 03 told banks to put in place by September 15 loan restructuring schemes to rescue all viable busines ...

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SoftBank likely to consider bid for TikTok in India
04 Apr

SoftBank Group is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to peo ...

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Boom time for textile industry as garment companies shift orders from China to India
04 Apr

India is emerging as one of the preferred destination for International garment companies to shift their base from China.The international garment fir ...

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Adani group plans to raise $1 billion via sale of equity
03 Apr

The Adani group is planning to raise at least $1 Billion through the sale of equity to fund the takeover of two Mumbai airports from the GVK group, sa ...

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Auto segment leaders plan to raise the production over next few months
03 Apr

Maruti Suzuki, Hero MotoCorp and Mahindra & Mahindra, No. 1 in cars, two wheelers and tractors, repectively, are planning to surge in production o ...

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Prime Minister’s new regime for businesses looks to lighten compliance burden
03 Apr

Prime Minister Narenda Modi has identified anonymous or ‘faceless’ inspections, an extended validity period for licences or automatic renewals, and lo ...

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Industries request SC to direct Centre and RBI to lower interest rate
03 Apr

Finding that it would be difficult to get waiver of interest, or even interest on interest, on loans during the six month moratorium period, various i ...

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Abundant cash in the system and rate cuts lead FCI to borrow at under 4.6%
03 Apr

Abundant cash in the system and repeated rate cuts have proved to be a bonanza for Food Corporation of India (FCI), which is in the market to raise Rs ...

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India ranked in top 50 nations in the Global Innovation Index 2020
03 Apr

India climbed four spots on the Global Innovation Index 2020 and is now at 48th position in the list of top 50 innovative countries in the World Intel ...

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Bharatpe displays 'Indian' tag, challanging Paytm, Phonepe, implying its the only Indian company
03 Apr

There is a full-blown fight among India’s leading digital payments firms over which is a more “Indian” product, with the matter now reaching the RBI. ...

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CBDT permits sharing of taxpayers' information by Income Tax authorities with scheduled commercial banks
02 Apr

The Central Board of Direct Taxes has permitted sharing of information by income tax authorities with scheduled commercial banks."In pursuance of sub- ...

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India to release forensic accounting and investigation standards
02 Apr

India will soon come up with forensic accounting and investigation standards (FAIS) as it aims to set basic quality parameters for conducting investig ...

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HSBC's brokerage division values zomato at $5 billion
02 Apr

HSBC International Analysis has valued on-line meals supply platform Zomato at $5 billion, a major upside to the valuation throughout its earlier fund ...

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Supreme Court gives telecom companies 10 years to pay Rs 1.4 lakh crore dues to government
02 Apr

The Supreme Court on Tuesday granted telecom companies 10 years to clear AGR (adjusted gross revenue) dues of around Rs 1.43 lakh crore to the Centre, ...

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Remaining tenure of loan can be extended by 2 yrs: Govt tells SC
02 Apr

The Centre has told the Supreme Court that RBI has asked banks to provide relief to borrowers by extending the residual tenure of loan by up to two ye ...

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Festive season hopefulness stimulates car, two-wheeler sales
02 Apr

Car and two-wheeler companies started stocking up for the festive period as wholesale deliveries to dealerships in August beat the numbers achieved in ...

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Petrol demand at 92% of last year's consumption
02 Apr

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

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Manufacturing sector rebounded after four months of contraction
02 Apr

Activity in the country’s manufacturing sector rebounded in August after four months of contraction, led by an increase in new orders, a survey showed ...

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RBI may propose amendments to SARFAESI Act to bridge regulation gap with IBC for ARCs
01 Apr

The Reserve Bank of India may propose amendments to the Sarfaesi Act to allow asset reconstruction companies (ARCs) to bid for bankrupt companies and ...

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Small borrowers may get principal payment relief as part of one-time restructuring of loans
01 Apr

Banks and shadow lenders may offer a six-month moratorium on principal repayments for retail and MSME borrowers as part of the one-time restructuring ...

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RBI announced fresh liquidity measures and eases mark-to-market rules to calm investors
01 Apr

The Reserve Bank of India (RBI) announced fresh liquidity measures and a relaxation in mark-to-market rules to help calm investor nerves as a sudden s ...

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Core sectors like steel, cement etc. decline for 5th month in July at 9.6%
01 Apr

The eight core sectors contracted for the fifth month in a row in July, dragged down by a sharp contraction in steel, cement, refinery products and na ...

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Fiscal deficit covers full year Budget estimate within four months of Financial Year
01 Apr

The Centre’s fiscal deficit topped the full year estimate within four months of the financial year, indicating the stress on government finances and t ...

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India's Q1 GDP shrinks 23.9%, worst fall since 1996
01 Apr

India’s economy posted its steepest contraction on record in the April-June quarter of the current fiscal year as the strict lockdowns imposed to ward ...

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Minimal user charges to be levied at redeveloped stations, says Rail Board Chief
31 Apr

User charges will be levied for those boarding trains from redeveloped railway stations, much like the user development fee charged at airports, but t ...

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SBI seeks to invoke Rs. 3000 crore personal guaratnees of Atul Punj, Punj Lloyd's founder
31 Apr

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

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ASEAN agrees to review trade pact with India
31 Apr

After months of inaction and the government’s threat to pull out of the Comprehensive Economic Cooperation Agreement (CECA) with Asean, members of the ...

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Govt may run export scheme till December with more checks
31 Apr

In a bid to supply reduction to lakhs of exporters, the Piyush Goyal-led commerce ministry has instructed contemporary steps at hand out export incent ...

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Income Tax Department warns banks of penalty for charging fee on UPI payments
31 Apr

The income tax department on Sunday hit out at banks levying fee on electronic transactions or payments via tools such as UPI, warning them of penal a ...

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All sales staff can now work from home permanently: RPG Enterprises
31 Apr

In a breakaway from traditional norms, RPG Enterprises has become the first Indian diversified conglomerate to do a permanent reset in its workplace p ...

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RBI’s benchmark auction sees record Rs 18,000 crore devolvement
29 Apr

The Reserve Bank of India (RBI) could not find buyers of sovereign bonds for a record amount of benchmark debt at reasonable rates on Friday, signalin ...

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Govt will work tirelessly to ensure efficient norms for MSMEs, startups and entrepreneurs: Kant
29 Apr

The government will continue to work tirelessly to ensure efficient and effective norms for MSMEs, businesses, startups and entrepreneurs and make Ind ...

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Passenger vehicle sales to register double digit growth, first time in 26 months
29 Apr

The passenger vehicle sales is set to register its first year-on-year double digit growth in 26 months as the low base of last year catches up even as ...

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World Bank pauses publication of Doing Business Report over data issues
29 Apr

The World Bank has paused its much-talked about Doing Business publication due to alleged irregularities in its 2018 and 2019 reports. These two repor ...

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After public sector banks reforms, govt set to overhaul PSU appointments
29 Apr

After the reforms at state-run banks, the government is set to overhaul the appointments of public sector chiefs and functional directors and is looki ...

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RBI lift Rupee to 6 month high against the dollar
29 Apr

Record foreign fund buying in equities, with the RBI now remaining on the sidelines in the foreign exchange market, boosted the rupee on Friday to a s ...

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PSBs to monitor cases where insolvency proceedings can be initiated against personal guarantors
28 Apr

The Finance Ministry has asked public sector banks to monitor cases where insolvency proceedings could be initiated against individuals who are guaran ...

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SBI to meet RBI officials on dismissal of UVARCL's bid for Aircel
28 Apr

State Bank of India (SBI) has sought an urgent meeting with the Reserve Bank of India (RBI) to try and sort out the regulator’s objections to the part ...

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Supreme Court reserves verdict on review petition filed by Vijay Mallya in 2017 contempt case
28 Apr

The Supreme Court on Wednesday reserved its order on a petition filed by fugitive businessman Vijay Mallya seeking review of a 2017 order that held hi ...

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RBI governer asks banks to shed their extereme risk aversion in lending
28 Apr

Reserve Bank of India (RBI) governor Shaktikanta Das has called upon banks to shed their extreme risk aversion in lending and to focus on risk managem ...

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Bankers warn over negative returns on deposit accounts
28 Apr

Banks have raised an alarm over real returns on deposit accounts turning negative with the rise in inflation numbers. The concern is that with deposit ...

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Delhi HC stays insolvency resolution proceedings against Anil Ambani
28 Apr

The Delhi High Court Thursday put on hold the insolvency resolution process (IRP) proceedings against Reliance Communications (RCom) Chairman Anil Amb ...

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SC asked centre not to hide behind RBI and clarify their stand on loan moratorium for interest waiver
27 Apr

Pulling up the Centre for “hiding behind the Reserve Bank of India” (RBI), the Supreme Court on Wednesday asked it to clarify its stand within a week ...

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Gujarat tops niti aayog's export preparedness index 2020
27 Apr

Gujarat has topped the Niti Aayog's Export Preparedness Index 2020 followed by Maharashtra and Tamil Nadu in the second and third place respectively, ...

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Political tension with China hits India’s toy-making plans
27 Apr

India’s aspiration to indigenise toy manufacturing may not be easy to realise if the political tensions with China persist.It will prevent partnership ...

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Insurers cannot reject motor claims for not holding valid PUC certificate: IRDAI
27 Apr

IRDAI, the insurance regulator clarified that a motor insurance company cannot deny any claim for not holding a valid PUC or Pollution Under Control c ...

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ARC's cannot infuse equity in Insolvent company at resolution stage: RBI
27 Apr

UV Asset Reconstruction Company's (UVARCL) resolution proposal for bankrupt Aircel, cleared by the Insolvency Tribunal, was rejected by the Reserve Ba ...

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Need framework to tackle digital payment frauds: DSCI-PayPal India report
27 Apr

The growing adoption of digital payments in the country, especially during the Covid-19 pandemic, has necessitated the need for a comprehensive framew ...

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India's GDP growth could drop to -15.2% from 3.1% in Q1: Nomura
27 Apr

India was likely to see its lowest point of growth this year during the April-June quarter at -15.2%, according to a Nomura report on Wednesday.The Ja ...

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Indian economy will take long time to recover, warns RBI
26 Apr

The Reserve Bank of India (RBI) on Tuesday said that Covid-19 had caused a severe shock to consumption, which will take a long time to recover, and it ...

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Banking frauds rose more than 2.5 times by value in FY20
26 Apr

The value of money involved in banking-related frauds in India rose more than two and half times to Rs 1.9 lakh crore in fiscal 2020 from about Rs 71, ...

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Shareholders questioned Tata Motors for decline in investor wealth
26 Apr

Shareholders of Tata Motors lashed out at the company’s leadership at the annual general meeting on Tuesday for denying them dividends and questioned ...

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Accenture to lay off thousands of low performing employees in India
26 Apr

Several thousand Accenture employees in India are likely to be asked to go after the conclusion of the appraisal cycle that is underway. Accenture has ...

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Jack Ma's Ant Group to re-evaluate Zomato investment due to FDI changes
26 Apr

Chinese billionaire Jack Ma’s Ant Group has said recent changes in foreign direct investment (FDI) by the Indian government has led the financial tech ...

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Cash in circulation goes up by 10% in India since lockdown
26 Apr

The pandemic has triggered a ‘dash to cash’ with many households hoarding bank notes. This has resulted in the currency to GDP ratio increasing to pre ...

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RBI to conduct study on large value frauds to identify reporting delays
26 Apr

The Reserve Bank of India (RBI) is set to conduct a study on afew large instances of fraud to pinpoint the reasons behind the delay in identifying the ...

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Banks need to shed risk aversion and boost up capital position: RBI
26 Apr

Indian banks have to shed their risk aversion to ensure adquate flow of credit to productive sectors and also shore up their capital position to deal ...

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RBI rejects plan to sell Aircel assets to UVARCL
26 Apr

The Reserve Bank of India (RBI) has rejected the insolvency tribunal approved plan for selling Aircel's assets to UV Asset Reconstruction Company Ltd. ...

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RBI pushes lenders to raise funds to support possible build up of bad debts
25 Apr

The Reserve Bank of India (RBI) is pushing banks and non-bank finance companies (NBFCs) to raise capital to brace for a possible pile-up in bad debt i ...

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Pvt banks slap fees on use of UPI over 20 times a month
25 Apr

All the large private banks have introduced charges, ranging from Rs 2.5 to Rs 5, on person-to-person payments using the Unified Payments Interface (U ...

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Sovereign wealth funds (SWFs) invested in realty 65% down in first 7 months
25 Apr

The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable.With prime office blocks lying empty around the world, hot ...

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Engineering, healthcare jobs show better pick up, says latest data
25 Apr

The number of job postings in India has increased in all industries, while engineering and healthcare have shown the best recovery so far, shows data ...

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May cancel spectrum licenses if telcos are not ready to pay AGR dues, says Supreme Court
25 Apr

The Supreme Court on Monday said it may order cancellation of spectrum allocation if telecom companies are not ready to pay the AGR-related dues owed ...

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Vodafone Idea, Airtel likely to get show cause notices from TRAI
25 Apr

The Telecom Regulatory Authority of India (Trai) is set to issue show-cause notices this week to Vodafone Idea and Bharti Airtel, asking them why it s ...

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Delhi High Court stays personal insolvency proceedings against Delhi businessman
25 Apr

At a time when big business owners such as Anil Ambani and Venugopal Dhoot are trying to defend their family assets from getting ttached as lenders st ...

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New Rules of origin may raise compliance burden for Indian businesses
25 Apr

Indian businesses depending on imports under free trade agreements (FTAs) will now closely look into their supplier’s manufacturing process and ensure ...

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Passenger vehicle sales likely to crash
24 Apr

The auto industry has pressed the panic button and said that sales will be in a free-fall this fiscal due to the impact of coronavirus and economic sl ...

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Govt frames norms for enforcement of ‘rules of origin’ for imports under FTAs
24 Apr

The government has come out with norms for the enforcement of ‘rules of origin’ provisions for allowing preferential rate of customs duties on product ...

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Vodafone Idea to pay accrued interest on loan after moratorium ends
24 Apr

Stressed telecom major Vodafone Idea may pay interest dues of around Rs 500 crore to lenders in the December quarter.The company has informed lenders ...

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16,487 nos. 7 year high Company incorporations in July 2020
24 Apr

In one of the clearest signs of a pick-up in business sentiment, company incorporations touched a seven-year high of 16,487 in July, or over 530 a day ...

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Indian solar projects hit as Chinese solar gear prices rise