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

Vodafone Idea may offer the government a small part of its statutory dues by January 23 to ensure it doesn't get a defaulter's tag or incur the d ...

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

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

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

The Supreme Court on Friday sought the response of the government on a petition that alleges the non-implementation of the National E-Mobility Mission ...

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

  • The deal includes $900 million on closing and $50 million to be received at the end of 12 months thereon
  • The transaction is subject to ...

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All foreign investments must adhere to law of the land
18 Jan

Union minister Piyush Goyal on Friday said the country welcomes all kinds of investments that follow the "letter and spirit" of the law.Goyal said tha ...

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Petrol, diesel prices cut for the third consecutive day.
18 Jan

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

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

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

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RBI should target core inflation at 3 per cent.
17 Jan

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

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

In a blow to telecom companies, the Supreme Court on Thursday refused to re-examine its verdict by which it had directed them to pay around Rs 92,000 ...

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India seeks to push sugar, rice exports to Indonesia.
17 Jan

The government has sought a deal with Indonesia to push Indian sugar, rice and bovine meat in return for higher quantity of palm oil imports from the ...

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Plans a Foot for Cheaper Loans for Exporters.
17 Jan

The government is working on a scheme to provide cheaper loans to exporters to address their liquidity concerns and give a boost to slumping exports.& ...

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

Supreme Court stay in handTata Sons to hold board meet shortly. MUMBAI: Tata Sons has finalised plans for a ...

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

The Modi government is considering raising holding period for imposition of tax on long-term capital gains (LTCG) by one year in the upcoming Union Bu ...

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Government proposes grant of Rs 1.1 lakh crore for state Discoms
16 Jan

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

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Proposal looks to Decriminalise most offences under Companies Act.
16 Jan

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

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

India’s exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the ...

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

India’s exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the ...

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

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

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

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

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Govt should step up expenditure to spur consumption.
15 Jan

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

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

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

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

The government is likely to set a target for disbursing at least Rs 25,000 crore under the Partial Credit Guarantee (PCG) scheme that seeks to ease th ...

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

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

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WPI inflation jumps to 7-month high in Dec.
15 Jan

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

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

The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is likely to hold a consultation before its next bimonthly meet in February,g ...

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

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

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

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

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Walmart India Sacks Over 100 Senior Executives
13 Jan

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

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Govt eyes curbs on toys, TV set imports.
13 Jan

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

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Small businesses may see tweaked resolution model.
13 Jan

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

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Upto 24% defaulters had safe credit rating
13 Jan

Nearly a fourth of borrowers who defaulted to banks carried an investment grade rating upto a quarter before they defaulted according to a report publ ...

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Relief for Tata as SC stays NCLAT order reinstating Mistry
11 Jan

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

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

The December quarter performance of Infosys was a mixed bag. While revenue and profit growth was broadly on expected lines, the operating margin was b ...

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IL&FS plans equitable distribution of sale proceeds to creditors
11 Jan

In a relief to operational, unsecured creditors and provident funds, the IL&FS board has decided to revise the distribution framework for group re ...

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Supreme Court asks Karnataka HC to finish Vijay Mallya's plea hearings in 6 months
11 Jan

The Supreme Court on Friday asked the Karnataka High Court to wrap up hearing, preferably within six months, appeals filed by United Breweries Holding ...

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Factory output makes modest recovery in November, driven by manufacturing
11 Jan

India’s industrial production recovered from three months of contraction to expand by 1.8% in November, signalling an early but weak improvement in th ...

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Auto sales 20-year-low, decline by over 13%
11 Jan

The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across ...

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Sachin Bansal Acquires DHFL General Insurance
10 Jan

Flipkart cofounder and former CEO Sachin Bansal has acquired Mumbai-based insurance company DHFL General Insur ...

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Bharti Airtel receives subscriptions up to $10b
10 Jan

Bharti Airtel's $3 billion fundraising exercise has been subscribed more than three times, garnering pledges of&nb ...

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PM calls for focussed effort to make India $5T economy.
10 Jan

Prime Minister Narendra Modi on Thursday called for a focussed effort to make India a $5 trillion economy in an interaction with economists, ...

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The Government is set to slash the time taken for starting a new business to 5 days.
10 Jan

The Government is set to slash the time taken for starting a new busin ...

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Railway gives push to green energy projects.
10 Jan

The Railways is accelerating its efforts to install and use renewable energy as part of its objective to reduce carbon footprint and reduce its power ...

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Tax Dept Allows Joint Property Owners To File Returns Using Simple Forms.
10 Jan

The Income Tax Department on Thursday allowed joint owners of single house property to file income tax return using simple Form-1 (Sahaj) or Form-4 (S ...

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Soft Bank Group Corp is in talks to sell a majority stake in its renewable energy.
09 Jan

SoftBank Group Corp wants to sale its stake in renewable energy joint venture in India as it looks to raise cash after facing se ...

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Family of Gati Promoter Moves NCLT, Alleging Mismanagement of Co.
09 Jan

The spouse and sons of Mahendra Agarwal, the promoter of listed logistics firm Gati, have approached the National ...

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Disclosure Rules to Curb Insider Trading Spook Top Executives
09 Jan

A rule mandating top managers to disclose personal financial dealings is turning out to be a tricky problem for many , with senior executives scrambli ...

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Competition Commission of India pitches for self-regulation of E Commerce Platforms
09 Jan

The CCI has also recommended that platforms describe the key parameters of search rankings .The Competition Commission of India (C ...

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ED seeks non-bailable warrant against Dheeraj Wadhawan(DHFL Promoter).
09 Jan

The Enforcement Directorate (ED), investigating the case related to the late underworld gangster and drug trafficker Iqbal Mirchi, has asked the speci ...

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First advance estimates pegs GDP growth at 5 per cent for FY20.
08 Jan

India's economy is forecast to grow 5% this fiscal, its slowest pace in 11 years, estimates released by the government o ...

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Two schemes floated to revive stranded gas-based power units.
08 Jan

The power ministry has finalised two schemes to procure 4,000 MW from gas-based power plants  ...

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India Needs Developmental FIs
08 Jan

India needs development finance institutions (FIs) to fund the capital expenditure needs of Indian companies . The need for  ...

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SC rejects Government's plea challenging refund of Rs 104 crore
08 Jan

SC rejects Centre's plea challenging refund of RS 104 cr ordered by TDSAT to RC ...

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IBBI Bars Promoters From Buying Back Companies Through Liquidation.
08 Jan

The move will close doors on promoters regaining control of their insolvent firms during liquidation proceedings. The IBBI said it ...

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Govt. Taking steps to ease taxation system:
08 Jan

The finance minister said the faceless e-assessment scheme was launched in October 2019 to eliminate interface between an assessing o ...

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R-Power defaults, lenders face insolvency deadline.
08 Jan

On July 6, 2019, all the main lenders of Reliance Power had signed an -creditor agreement (ICA).  sed on the ICA, lenders had agreed to a six-mon ...

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Crisil to renew analytics focus.
07 Jan

Crisil has signed a definitive agreement and expects to close the deal by the first quarter of fiscal 2021. The market for benchmark analyti ...

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Oil prices jump 2%.
07 Jan

Local rates of petrol and diesel, already at a 13-month high, are poised to rise further as crude oil advanced anot ...

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Companies with large borrowings to undergo secretarial audit
07 Jan

Companies with total outstanding debt of Rs 100 crore or more to banks and financial institutions will also now have to s ...

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AI, machine learning can help achieve $5 trillion target:
07 Jan

Our government believes artificial intelligence, in different forms, can help us achieve the $5 trillion benchmark over the next five years, but also ...

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RBI allows 24x7 forex market operations via select banks
07 Jan

The Reserve Bank of India (RBI) on Monday said select banks in India can offer forex rates to Indian purchasers beyond the inter-monetary institution ...

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Retail investors should avoid kneejerk reaction
07 Jan

Small and retail investors should not panic and take a hasty decision . with their money and other investments in the current volatile market ,brokers ...

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Tata Trusts was Forced to Surrender Registration
06 Jan

Contrary to claims made by the Tata Trusts that it had surrendered its registration voluntarily, the tax department has clarified that the move was a ...

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NHAI downsizes toll-operate-transfer-4 bid by Rs 2,000 crore
06 Jan

The NHAI has now downsized the package, reducing the initial estimated concession value (IECV)—the base price of the bid—to Rs 2,165 crore. The conces ...

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Eyeing Top 50 of the World Bank's Ease of Doing Business Index
06 Jan

Amendments to the Insolvency & Bankruptcy Code to include operational creditors in committee of creditors and disposal of old ...

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Coffee Day promoters' stake dives to 17% from 54%
06 Jan

Coffee Day promotersstake dives to 17% from 54% The shareholding of Coffee Day Ente ...

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Govt approves 2600 EV charging stations
06 Jan

In a big move towards the push for electric vehicles, NITI Aayog CEO, Amitabh Kant has announced that the government has approved the installation of ...

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BS-VI shift may push demand for engineering graduates by 20%
06 Jan

The change of BS6 can boost the demand for engineering graduates by 20% Chennai: The BS6 change< ...

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High-end 5G Handsets Likely to Arrive in India in First Half of 2020
04 Jan

Indian consumers can expect first set of 5G phones as early as in the first half of 2020, al ...

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Sebi comes down heavily on cos. non-cooperating with Credit Rating Agencies
04 Jan

In order to further strengthen the rating process, the Sebi issued directions to credit rating agencies (CRAs) with regard to issuers who do not coo ...

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Insurance Startups Get $183 m in 2019
04 Jan

Insurance Startups Get $183 m in 2019. Mumbai: India's nascent 'Insurtech' sector seems to be coming of age attracting investments worth $183 million ...

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Oyo Hotels to be profitable before IPO as required by SoftBank
04 Jan

On instructions of its investor Softbank,Oyo sets internal deadlines for all its self operated Hotel businesses to  be operational ...

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Andhra Pradesh Govt. Starts Clearing Renewable Energy Companies Dues.
04 Jan

Andhra Pradesh starts clearing renewable dues this week. Home to India's second-largest installed capacity of clean energy,&nb ...

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Adani Ports to Acquire 75% Stake in Krishnapatnam Port
04 Jan

Adani Ports and Special Economic Zone (APSEZ) is going to acquire 75% stake in Krishnapatam Port company. The acquisition would be funded through inte ...

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Consumer Goods Festive Sales Hit a Four - year High
03 Jan

Retailers and consumer goods companies said sales in the October-December festive quarter had been ...

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Tata Sons moves SC against NCLAT order directing Cyrus
03 Jan

Tata Sons Private Limited (TSPL) moved the Supreme Court on Thursday, challenging the December 18 decision of the NCLAT& ...

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TV Broadcasters Miffed at Trai's New Caps on Channel Pricing .
03 Jan

As per the new amendments, Trai has reduced the cap on the MRP of individual channels, ...

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Factory activity strengthens in December, PMI rises to 52.7
03 Jan

The IHS Markit India Manufacturing PMI rose to 52.7 in December from 51.2 in November, remaining above the 50-mark thres ...

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DoT's total demand from non-telcos twice that from telcos
03 Jan

The Department of Telecommunications (DoT) has slapped a Rs 15,019-crore demand notice on Gujarat Narmada Valley Fertilizers & Chemicals Ltd, taki ...

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BPCL, Air India, Concor divestments unlikely in FY20 .
03 Jan

Strategic divestments in Air India, Bharat Petroleum Corporation (BPCL) and Container Corporation of India (Concor) are “unlikely" this fiscal, Press ...

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Finmin pushes banks biz to put in RuPay Infra
03 Jan

With a large number of of banks only issuing Mastercard or Visa Cards ,the finance ministry has decided to ask them to ensure that there is no infrast ...

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Banks not keen to lend big to small businesses
02 Jan

The lending of banks to MSME reduced by 3.43% in November 2019, despite measures by the govt. to boost credit flow to businesses. The reduction in the ...

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Import duty exemption on routers to continue
02 Jan

The finance ministry has clarified that routers will continue to enjoy zero import duty status, all ...

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Lost phones can be tampered with Tracking may be Limited .
02 Jan

A central registry launched by the government to block and track stolen and lost mobile phones may  ...

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Coal mining may be opened up to all sectors before next auction
02 Jan

The Centre proposes to open up bidding for coal blocks to all firms with offices registered in India. As per section 11A of the MMDR Act, the Centre c ...

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Retail demand for cars in positive zone in Sept - Nov
02 Jan

Riding on heavy discounts particularly for BS4 models, retail sales of cars and SUVs have shown an increase for three consecutive months. According to ...

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Tata to seek urgent SC relief as TCS Board Meet Looms
01 Jan

Tata Sons will move the Supreme Court to seek early interim relief from the tribunal order .
Group to file an appeal on January 2 although a hearin ...

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FM Unveils Rs 102L cr Infra Plan for 5 Years
01 Jan

Nirmala Sitharaman gives India Rs 102 lakh cr infra push ... Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102&n ...

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Adani , NTPC in fray for stressed Avantha Plant
01 Jan

Adani Power and NTPC Ltd are in the race to acquire a 1,260 megawatt thermal power plant of Gautam Thapa ...

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office , Affordable Housing Shine in a Tepid Realty Market Last Year
01 Jan

India's property industry continued its choppy ride through 2019 with commercial assets finding more takers even as affordable homes, underpinned by f ...

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Fiscal deficit hits 115% of Budget estimate in November
01 Jan

The country's fiscal deficit hit 114.8 per cent of 2019-20 Budget Estimate at Rs 8.07 lakh crore at the end of  ...

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Small savings schemes: Govt keeps interest rates unchanged
01 Jan

The rates of interest on various small savings schemes for the fourth quarter of the financial year 2019-20 starting ...

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Core sector output falls for 4th month, dips 1.5% in November
01 Jan

Core sector output falls for 4th monthdips 1.5% in November. For the first time in eight years,  ...

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Home loans set to get cheaper as SBI lowers lending rate by 25 bps
31 Jan

State Bank of India (SBI), the country’s largest lender, on Monday cut its lending rates linked to the central bank’s repo rate by 25 basis points ( ...

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PAN-Aadhaar linking deadline extended again, today's the last date
31 Jan

CBDT extended the due date for linking of PAN with Aadhaar from 31st December, 2019 to 31st March, 2020.  

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FY20 merchandise exports likely at $330-340 billion
31 Jan

We feel our goods exports may touch $330-340 billion in the current fiscal… If the global situation improves, which is likely in the first half of 2 ...

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Government will review existing FTAs to protect interest of domestic industry.
31 Jan

Union Minister for Commerce and Industry,  India had decided not to join the Regional Comprehensive Economic Partnership (RCEP) in interest of d ...

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Grant Thornton emerges as new challenger to Big Four .
31 Jan

After more than a decade, a professional services firm has managed to break the stranglehold of the Big Four in the ranking of number ...

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Big 4 audit companies scramble for forensic assignments of scam-hit corporates
31 Jan

The Big Four audit firms — Deloitte, PwC, EY and KPMG — may be under the scanner for lapses in big corporate frauds, but their forensics businesses ar ...

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Airtel prices increased for Prepaid users
30 Jan

Airtel on Sunday increased the cheapest entry plan for its prepaid  customers to Rs 49 from Rs 35 . The new plans offer calling and data benefits ...

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Finmin , IRDAI seeks bank account insurance
30 Jan

In the wake of the PMC Bank crisis, the finance ministry and insurance regulator IRDAI have asked i ...

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Companies cautious after WeWork, Uber hiccups
30 Jan

Companies cautious after WeWorkUber hiccups. ... In fact, more than 42% of the respondents said the current environment was ...

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All-in-one Diigital Repository of Official Data in the Works .
30 Jan

An umbrella information portal collating official data on Read more orange-arrow

India's economy is expected to rebound in 2020 on govt measures: CII
30 Jan

India's economy is expected to rebound in 2020 on the back of measures taken by the government and the Read more orange-arrow

European Union's wines, cars may get cheaper .
30 Jan

European Union's winescars may get cheaper. The government is indicating flexibility in reducing import duties o ...

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SBI announces OTP-based night-time ATM cash withdrawals from January
28 Jan

Public sector state-run State Bank of India (SBI) will launch an one-time password (OTP)-based ATM cash withdrawal facility from January 1, 2020, as a ...

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Public sector banks' gross NPA ratios may rise to 13.2% by Sept 2020
28 Jan

  • Change in macroeconomic scenario, marginal increase in slippages might be the reasons, says RBI in its Financial Stability Report
  • The ...

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RBI sounds the alarm about purchasing ratings
28 Jan

RBI  ...

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Auto blues: Passenger vehicle sales may skid 13% this year
28 Jan

The industry is estimating sales to fall 13% from last year — worse than an 8% decline, the steepest so far, ...

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Loan frauds surge to 90% in FY19
28 Jan

 A percentage of total banking frauds jumped to 90% in fiscal 2019 from 55% in fiscal 2018 after regulatory standards were changed ...

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Trai may not be able to fix floor for telecom tariffs before June
28 Jan

The floor price, if at all fixed by Trai (Telecom Regulatory Authority of India), is un ...

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Airtel, Tata Teleservices Yet To Get Govt, Nod For Merger
27 Jan

Airtel and Tata Teleservices have failed to receive a nod from the government for thei ...

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DoT to seek TRAI’s views on new 5G spectrum, wants sale of additional bands in 2020
27 Jan

The Department of Telecom will soon seek sector regulator TRAI’s recommendations on pricing and other modalities for coveted 5G bands of 24.75-27.25 G ...

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Audit partners seek more salary for extra risk
27 Jan

Audit partners at top professional services firms including the Big Four have started demanding a “risk premium”, as regulatory scrutiny is increasing ...

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PFC and REC may extend loans with stricter riders to state power discoms
27 Jan

The government is considering extending loans from Power Finance Corp and Rural Electification Corp to state power distribution companies to help them ...

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Regulator for railways coming soon, train fares likely to go up
27 Jan

Railway fares are expected to shoot up as the government is almost ready to set up by June an independent railway regulator that will determine passen ...

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Income Tax slab Rate Revision - Budget 2020
26 Jan

A flat tax rate without exemptions, new slabs for those earning higher incomes, cuts in personal income tax in line with those in corporate tax. These ...

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RBI warns banks over focus on retail loans
26 Jan

The Reserve Bank of India (RBI) has red-flagged banks on retail lending over slowing economic activity and negative consumer sentiment.The federal ban ...

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Five NBFCs beat sector gloom, clock up to 117% returns YTD
26 Jan

Stocks of five non-banking finance companies (NBFCs) rose by 50 per cent or more in 2019 defying turbulent times for the sector amid liquidity crunch ...

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NCLAT Dismisses IT Dept Plea Against Reliance Jio On Demerger Of Tower, Fiber Units
26 Jan

The NCLAT has dismissed petitions filed by the IT Department objecting over the approval granted to Reliance Jio Infocomm scheme to demerge two of its ...

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BS 4 & BS 6 price gap to boost used car market
26 Jan

  • 12 % rise in used car market sales at 4.2 million units in 2019 so far 
  • 15 % growth expected in used car market in 2020 
  • ...

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Banks turning around on improved asset quality and capital base
25 Jan

While the Indian banking sector’s financial parameters such as bad loans and capital adequacy have shown an improvement in recent times, the overall h ...

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Restructuring of the Indian Railways, merger of 8 services
25 Jan

The Union Cabinet on Tuesday approved an organisational restructuring of the Indian Railways, unifying eight services into one and making the Railway ...

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IMF calls for 'urgent' action by India amid slowdown
25 Jan

India is in the midst of a significant economic slowdown, the International Monetary Fund (IMF) has said, asking for urgent steps to reverse slowdown ...

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Put 2 slabs of 10% & 20%, GST revamp panel told
25 Jan

A panel of officers looking at a revamp of the goods and services tax (GST) has received suggestions for putting in place two slabs of 10 % and 20 %, ...

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Govt to bring ordinance to amend insolvency law
25 Jan

The government will introduce an ordinance to further amend the insolvency law to remove ambiguities and ring-fence successful bidders in suc ...

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Telcos to witness reduction in Licence Fee
24 Jan

Licence fees of telecom companies may get trimmed from 8% to either 5% or 6%, what would be a second major step to revive an industry struggling wit ...

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Govt Plans to incentivize Phone Cos to Make in India
24 Jan

The government is considering a proposal to sweeten export incentive scheme for smartphone manufacturers such as Apple, Samsung, Huawei, Vivo and Op ...

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Stuck Housing Projects to get investment via Non Convertible Debentures
24 Jan

The government’s Rs 25,000-crore Alternative Investment Fund (AIF), which aims to offer funding in stuck housing projects, will take the route of no ...

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Toll Collection Via FASTags Nears 50% Mark from total collection
24 Jan

On an all-India level, toll collection via FASTags has reached 46%, and it is growing every day..  Toll plazas around Delhi are doing slightly ...

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Carmakers Get allowance to Equip Vehicles with Microdots
24 Jan

The government on Monday notified rules allowing automakers to equip vehicles with microdots, a move aimed at checking vehicle thefts and fake spare ...

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RoC files application to NCLAT on Tata Sons & Mistry case
24 Jan

Registrar of Companies (RoC) from Mumbai has filed an application to the National Company Law Appellate Tribunal (NCLAT), seeking to be heard in the ...

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Lending on peer-to-peer platforms capped at Rs 50L by RBI
24 Jan

To protect consumers interest, the RBI on Monday decided that the aggregate exposure of a lender to all borrowers at any point of time, across all P ...

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Issuing debit cards for dormant a/cs stopped by Banks
23 Jan

Banks have stopped suo motu issuing debit cards for dormant accounts. For a bank, it is not prudent to keep servicing dormant accounts. One, the ...

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Discharge of workers in unicorn club set tone for tougher 2020
23 Jan

The era of growth at all costs for private technology companies is coming to an end. India’s most-valued startups, including Oyo, Ola and Quikr...

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Glitches in ITR Processing Lead to high Tax Liability on Capital Gains
23 Jan

Hundreds of taxpayers have received notices from the income tax (I-T) department whose systems are unable to process the tax returns correctly...

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Methanol Blend on Cards, Oil Import Bill may be reduced by Rs . 5k Cr
23 Jan

The government is looking at introducing methanol-blended fuel pan India, a move that can potentially reduce one’s fuel bill by at least 10%, ...

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No immediate liability in Panna, Mukta and Tapti (PMT) profit dispute for RIL
23 Jan

Reliance Industries has no immediate liability in the dispute with the state over profits from Panna, Mukta and Tapti (PMT) fields as the arbitrat ...

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Economy currently facing liquidity problem, demand recession
23 Jan

The economy is facing a liquidity problem and demand recession, and it requires measures to lift consumption, including reduction in goods and ser ...

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NCLAT strips Tata Sons off private company status
20 Jan

The National Company Law Appellate Tribunal (NCLAT), which ordered the reinstatement of the ousted chairman Cyrus Mistry, has also said that the con ...

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NCLT allows more time to draw bids for grounded Jet Airways
20 Jan

The bankruptcy court has directed the lenders of Jet Airways to take a decision on allowing fresh expressions of interest (EoIs) for the sale of the ...

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India Inc seeks a single corporate tax rate of 15% over three years
20 Jan

Corporate India has pitched for “uniformity” in the corporate tax rate, stating that a rate of 22 per cent for existing firms and 15 per cent for ne ...

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Government mulls cap on surge pricing, penalty against drivers of cab aggregators
20 Jan

The Centre is likely to cap surge pricing charged by taxi aggregators such as Read more orange-arrow

Low job creation: Niti Aayog plans to seek opinion of experts
20 Jan

Taking cognisance of low employment generation and faltering economic growth, Niti Aayog plans to seek the opinion of domain experts—industrialists, e ...

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RBI launches special operation to forcefully lower interest rates
20 Jan

To forcefully bring down the rate of interest in the economy, the RBI on Thursday said it would buy government securities (G-Secs) with a 10 year ma ...

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Tata eyeing 49% stake in Walmart’s India wholesale business
20 Jan

Tata Group is looking to pick a 49 percent stake in Walmart India’s cash-and-carry ‘Best Price Modern Wholesale’ business, a move that will fast-track ...

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NCLAT’s Orders to Reinstate Mistry reffering his removal as illegal
19 Jan

The NCLAT ordered reinstatement Cyrus Pallonji Mistry as the removal of chairman was illegal. Whereas, Tata Sons would soon move the Supreme Court c ...

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Telecom Industry Needs Some Sanity and Orderliness: Mittal
19 Jan

Trai’s point that it may be difficult to regulate only data rates, and not voice, and bring in a tariff ceiling to protect consumers. As per Sunil M ...

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Startups Seek Clarity on Key Tax Issues
19 Jan

Startups dealing with global technology companies registered outside India claims that they pay more taxes on their revenues. Startups are required ...

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States raise their voices for Relaxing Fiscal Deficit Target
19 Jan

Sitharaman had fixed the Centre’s fiscal deficit target at 3.3% of GDP for F.Y.20 in the budget presented in July, compared with 3.4% in F.Y.19. S ...

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Rs 1cr Penalty on Cards for faulty Medical Devices
19 Jan

Niti Aayog, think tank for govt., has recommended a penalty of up to Rs 1 crore for selling faulty medical devices, revealing a patient’s identity o ...

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PEs, VCs Want PF Money in Startup Funds
18 Jan

India’s private equity and venture capital industry is asking that domestic pension funds allocate 1% of their overall assets to alternate investment ...

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Grievances against Central depts up 15% in 2019
18 Jan

Public grievances regarding central government departments have increased almost 15% year-on-year in 2019 to surpass 1.8 million, with just five depar ...

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Income Tax Cut Can Wait Till Bigger Issues are Resolved: CII
18 Jan

The Confederation of Indian Industry (CII) has said a reduction in personal income tax could wait while the government fixes bigger issues related to ...

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Refiners Seek Govt Nod to Raise Prices
18 Jan

Refiners are seeking government support for their plan to raise consumer prices to recover heavy investments they have made in upgrading their facilit ...

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NBCC to acquire Jaypee Infra, work on stalled projects to start in 6 months
18 Jan

The Committee of Creditors (CoC) of Jaypee Infratech has selected staterun NBCC (India) as the winner in the race to acquire the debt-hit realty devel ...

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Govt asks taxman to push for higher FY20 collection
18 Jan

Facing a massive shortfall in collections, the government on Tuesday asked tax officials to launch a multi-pronged exercise to push mop-up and asked t ...

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Trai studies floor price for call, data tariffs
18 Jan

Telecom regulator Trai on Tuesday initiated a consultation to fix floor rate, or a minimum stipulated tariff, for mobile phone calls and data — a move ...

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To Boost Local Manufacturing this budget might rejig the Duties
17 Jan

The upcoming budget could see another rejig of basic customs duties on select products as the government attempts to push local manufacturing. The com ...

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Foresaw Slump, Hence Previous Rate cuts says Das
17 Jan

RBI governor Shaktikanta Das said the Monetary Policy Committee (MPC) had acted in anticipation of the economic slowdown before keeping interest rates ...

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India's MSCI EW index set to go up by 70 bps
17 Jan

India’s weightage in the MSCI Emerging Market index is set to rise as the Finance Minister on Friday confirmed implementation of the Budget announceme ...

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IT, Electronics companies seek less GST on MEIS
17 Jan

Reinstatement of a key export incentive to 4%, lowering of goods and services tax (GST) on entry-level mobile phones and support to local phone manufa ...

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Anil Ambani faces trial in London HC
17 Jan

Anil Ambani is set to stand trial in the London high court after narrowly avoiding a summary judgment on Monday against him, which would have forced h ...

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Food Cos Write to FM as GST Fears Mount
16 Jan

The All India Food Processors’ Association (AIFPA), which has members such as ITC, Mondelez, Haldiram, Bikanervala, PepsiCo, Nestle and various small ...

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Unsure of Future, Telco Staff Seek Opportunity Elsewhere
16 Jan

Thousands of employees at Vodafone Idea (VIL) and Bharti Airtel are looking out, after the telecom companies posted unprecedented losses and stare at ...

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Govt Took Several Steps for Ease of Doing Business: MCA
16 Jan

The government has taken several measures this year for ease of doing business, besides strengthening the insolvency and bankruptcy framework, the Min ...

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Most dues paid, but Essar Steel’s promoters not off the hook yet
16 Jan

Promoters of Essar Steel are not yet off the hook despite banks getting a large part of their dues back. The Lakshmi Mittal-owned metals group Arcelor ...

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India’s Corp Tax Cut a Strong Signal to Investors: PwC Executives
16 Jan

India’s move to cut the corporate tax rate sends a strong signal to global investors that it is serious and open for business, said Colm Kelly, global ...

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Govt mulls new duty on imports
16 Jan

Ahead of the Budget, the commerce department has asked the finance ministry to levy border adjustment tax (BAT) on imported goods to offset the impact ...

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Government funds to Boost NBFCs, HFCs and Realty may Flow Soon
14 Jan

The government’s schemes to help revive the flagging economy by supporting nonbanking finance companies (NBFCs) and housing finance companies (HFCs) a ...

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Religare Health Trust Puts on Hold Winding up Plans
14 Jan

Religare Health Trust (RHT) has halted plans to wind itself up after the Supreme Court sought an inquiry into the purchase of assets from the trust by ...

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Brokers Want Dividend Tax to Go, Also Seek Relief on STT & LTCG
14 Jan

Indian stock brokers have sought the reintroduction of rebates on the payment of securities transaction tax (STT), withdrawal of dividend distribution ...

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Tata Motors Surges After UK Poll Results Brighten Brexit Hopes
14 Jan

Shares of auto-maker Tata Motors hit an over sixmonth high on Friday as the Boris Johnson-led Conservative Party won the elections in the UK – an impo ...

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Moody’s Keeps India GDP Growth Forecast at 5.6%
14 Jan

Moody’s Investors Service reiterated India’s gross domestic product growth forecast for 2019 at 5.6%, which it had lowered from 5.8% in October, on sl ...

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Banks Recover Rs.6,000 crore in Prayagraj Sale
14 Jan

A consortium of 18 lenders, led by State Bank of India (SBI), have successfully recovered ₹6,000 crore from the sale of the debt-laden Prayagraj Power ...

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Ambit Capital Pays ₹6 cr to Settle Insider Trading Case with Sebi
14 Jan

Brokerage Ambit Capital has settled a case of alleged insider trading in Manappuram Finance shares with the Securities and Exchange Board of India by ...

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Factory Output Shrinking, Inflation on all time high
13 Jan

 Industrial production contracted for the three consecutive months running in October with the festival season failing to provide any boost whi ...

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Class-action lawsuit against Infosys filed by US firm
13 Jan

Another US law firm, Schall Law Firm, has filed a class-action lawsuit against Infosys on behalf of shareholders of the company. Schall is the fourt ...

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Tackling e-waste, an emerging challenge for companies
13 Jan

India having a poor record in recycling e-waste despite being one of its largest producers globally as the country recycles only 5% of the two milli ...

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Maruti reconsidring its plan to Ditch Diesel vehicle
13 Jan

Maruti Suzuki is reconsidering its idea of ditching diesel vehicles from its portfolio, after its key rivals decided to continue in the segment. The ...

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Benefits of govt scheme yet to availed by NBFCs
13 Jan

Seeking additional security from NBFCs is a forced move, that banks has to take, as banks are still to receive any guarantee from the government for p ...

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Choice of Third Party Administrator available while buying insurance
12 Jan


Insurance regulator IRDAI, as part of the amendments to the Third Party Administrators (TPA) Regulations, 2016, has allowed policyholders to choos ...

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Help of Govt. seeked by telcos for survival
12 Jan

Telecom industry is passing through its most difficult period in the past 25 years and needs protection of the government to survive the unprecedented ...

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Over 25% of Adani Electricity Mumbai (AEML) to be bought by Qatar SWF
12 Jan

Adani Transmission announced that it will sell 25.1% stake in its arm Adani Electricity Mumbai (AEML) to Qatar Investment Authority for around Rs 3,20 ...

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Ordinance under Works to Ensure Power pact is honored
12 Jan

The Centre may take a major initiative in the power sector with an ordinance to ensure sanctity of contracts, restrict cross-subsidisation of consumer ...

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India may shift to Chain Base mechanism for GDP estimates
12 Jan

The government is considering a shift to the chain base method of calculating gross domestic product, where national account statistics or GDP estimat ...

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Ministry seeking Global Size Standards, may amend Central Motor Vehicle Rules
12 Jan

The road transport and highways ministry has put forward a draft notification to amend the Central Motor Vehicle Rules as they want the dimensions of ...

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Exemptions for Govt Agencies from the proposed Personal Data Protection Bill may be a small reason to worry
11 Jan

The proposed Personal Data Protection Bill, which is supposed to allow the Centre  to exempt its agencies from provisions, is raising concerns as ...

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RBI Widens Duty of Bank Auditors to Check Lapses
11 Jan

Auditing banks is one of the trickiest and most demanding jobs. Reserve Bank of India (RBI) asked Auditors to carry out a more intensive examination o ...

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India Quit's membership of RCEP Over Unresolved Issues
11 Jan

India decided to stay out of the Regional Comprehensive Economic Partnership (RCEP) trade agreement as its concerns and outstanding issues were not be ...

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RBI had no objection to Electoral Bonds via SBI
11 Jan

Finance minister Nirmala Sitharaman told that Reserve Bank of India had no objection to the issuance of electoral bonds through SBI. RBI being a stake ...

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Gold's impressive advance is expected to continue in 2020
11 Jan

Trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying have aided gold. Economic growth an ...

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UPI becoming necessity for Indians
11 Jan

Indians are getting  more comfortable with unified payments interface (UPI).  As a result, the average ticket size of UPI transactions has m ...

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Understatement of Bad loans by Rs12k cr, says SBI
11 Jan


Bad loans reported by SBI in its FY19 results were Rs 11,932 crore less than figure identified by the RBI in its annual inspection. Consequently, ...

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FDI Limit in Insurance Cos may Rise to 74%
10 Jan

Foreign Direct Investment limit in insurance may be raised to 74% in the February budget, up from 49% now, possibly making the way for foreign contr ...

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Govt. strict on AGR Dues, instructs to pay on time
10 Jan

The government has warned all telecom licence holders against any delays in the payment of dues related to Adjusted Gross Revenue (AGR) and also sug ...

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Cut in Export Sops Spooks Electronics Cos
10 Jan

2% cut in duty incentives under an existing export scheme effective January 1 has panicked electronics manufacturers. As this may lead to derail the ...

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Bank of India slashes MCLR by up to 20 bps after SBI, HDFC Bank cut rates
10 Jan

State-run Bank of India on Monday revised its MCLR-based lending rates by up to 20 basis points across various tenors, effective from Tuesday. The l ...

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RBI urges govt to cut rates on small savings schemes
10 Jan

The RBI has urged the government to move forward on reducing interest rates on small savings schemes such as public provident fund (PPF) and post of ...

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RIL in Talks for Rs.5,000-cr Loan to Take over Alok Industries
09 Jan

Reliance Industries Ltd (RIL), India’s biggest company by market value, is in negotiations with three top banks for a ₹5,000 crore long-term loan faci ...

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Mobile Cos Seek Review of Duty on Parts as Imports from Vietnam Soar
09 Jan

The scorching pace of imports of mobile phone components from Vietnam has set alarm bells ringing in the industry, prompting handset makers to ask the ...

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IBC to be Amended to Protect New Owners of Bankrupt Cos
09 Jan

The Centre is set to alter the insolvency code to shield new owners of bankrupt companies from criminal liabilities pertaining to the time when the en ...

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Major banks, FIs largely optimistic on economy
09 Jan

Major banks and financial institutions in the country are ‘largely optimistic’ about the Indian economy, according to a survey assessing the country’s ...

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Govt to push MSME-made goods through e-tailers
09 Jan

The government plans fee-based arrangements with marketplaces such as Amazon and Flipkart for pushing goods produced by micro, small and medium enterp ...

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Maruti raises production in Nov after mths of output cut
09 Jan

Maruti Suzuki India increased its production in November by 4.3%, after having reduced output for nine straight months due to lower demand.
The com ...

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Yes Bank moves in to name wilful defaulters
09 Jan

Private sector lender Yes Bank plans to declare former promoters of the bankrupt Cox & Kings, Peter Kerkar and his sister Urrshila Kerkar, wilful ...

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Karvy Broking accused of holding back clients’ funds
07 Jan

Karvy Stock Broking not only illegally pledged clients’ shares but also held back their payments for months after investors sold through the firm. In ...

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Sebi asks LIC, SBI, BoB to lower their stakes in UTI MF
07 Jan

Markets regulator Sebi on Friday directed LIC, SBI and Bank of Baroda (BoB), all majority-owned by the government, to dilute their stakes in UTI Mut ...

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Bankers get comforted by Prime Minister
07 Jan

PM Narendra Modi assured bank officers, that their business decisions will not be questioned, in a move that was seen to provide comfort to state ...

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Without AGR Relief, it will be end for Voda Idea
07 Jan

If there’s no relief on the statutory dues that the telco has to pay by January end, Vodafone Idea may have to shut. Vodafone Idea fell 5.3 ...

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Annual Deadline for Ecomm’s FDI Compliance Check is Sept 30
07 Jan

Sept 30 is the deadline for the likes of Amazon and Flipkart to ready their annual compliance reports as per FDI norms. Compiled reports will be pre ...

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ARCs may now acquire NPAs only through auction
07 Jan

For more transparency into bad-loan exchanges and ring-fence these deals from likely allegations of conflict of interests, the Reserve Bank of India ...

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Personal Data Protection Bill may retain exemptions for Journalists
07 Jan

The Personal Data Protection Bill, will be presented in Parliament next week, which may have exemptions for journalists, providing them the freedom ...

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RBI set to open small finance bank doors to lenders
06 Jan

Non-banking finance companies, co-operative banks and payments banks can now convert into small finance banks (SFBs), which will help improve their ...

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No change in repo rate, Cuts FY20 GDP Forecast
06 Jan

The RBI dashed market expectations by keeping the benchmark interest rate unchanged citing inflationary pressures while slashing GDP growth forec ...

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15th Finance Commission may provide incentive to States for Adopting Agri Reforms
06 Jan

15th Finance Commission has recommended performance based incentives in the form of additional grants to states based on the agricultural ref ...

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More Apprentices for Service sector demanded in India
06 Jan

The skills development ministry has urged central public sector enterprises for increasing apprentices in the services sector. This will help to fil ...

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Govt. set to introduce scheme to revive 24,000-MW gas power plants
06 Jan

The government is working on a scheme to salvage 24,000 MW of stressed gas-based power plants, built at an investment of over Rs 1 lakh crore ...

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Pichai Joins as CEO of Alphabet- parent co. of GOOGLE
05 Jan

Sundar Pichai, CEO of Google, was appointed CEO of parent company Alphabet on Wednesday as founders Sergey Brin and Larry Page stepped down from act ...

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As approved by board, Airtel ready to raise $4-B.
05 Jan

Bharti Airtel’s board approved a plan to raise as much as $4 billion through debt and equity as the company seeks to arrange funds to pay more than ...

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Order on AGR applicable to all telecom licensees
05 Jan

The government said the Supreme Court order on adjusted gross revenue (AGR) will be applicable to all telecom licensees, which includes companies su ...

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Clients with 23 PMC bankers took out Rs 70 crore- Draft Report
05 Jan

Twenty-three individuals comprising senior bankers, directors and account holders of Punjab & Maharashtra Cooperative Bank had allegedly withdra ...

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Total FDI Inflow increases, $62 billion foreign Investments in 2018-19
05 Jan

The Foreign Direct Investment inflow into India has increased in the last fiscal in comparison to previous years with $62 billion foreign investments ...

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Govt set to close loss-making PSUs
04 Jan

The government will recommend loss-making PSUs identified for strategic stake sale for closure and will not wait endlessly and won’t make repeated att ...

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I-T refunds increase over 22%
04 Jan

Income tax refunds have increased over 22% to little less than Rs 1.5 lakh crore so far this year as the government has focused on speeding up the pro ...

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SAT asked Sebi to hear Bajaj Finance request
04 Jan

The Securities Appellate Tribunal (SAT) asked the Securities and Exchange Board of India (Sebi) to hear Bajaj Finance’s plea against the capital marke ...

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Telcos Seek Floor Price for Data Services
04 Jan

Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm have asked the telecom regulator to “urgently” set a floor price for data services to afford im ...

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More Reforms to Make India Better Investment Destination FM
04 Jan

Finance minister Nirmala Sitharaman on Tuesday said the government is open to further reforms for making India a more attractive investment destinatio ...

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Carmakers to hike prices from January to absorb input costs
04 Jan

A new car this new year is going to be a costlier deal as automakers gear up for a price hike after tepid sales and heavy discounts eroded profit marg ...

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Well-stocked rural kiranas see less footfall amid the slowdown
03 Jan

Deepu Singh, who runs a kirana shop in the village of about 8,000 people, said sales have slumped nearly 40% this year, given that incomes of consumer ...

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Govt says no proposal to reduce taxes on petrol, diesel
03 Jan

The Government on Monday said there is no proposal to reduce taxes on petrol and diesel. Finance Minister Nirmala Sitharaman told the Lok Sabha that n ...

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Railways records worst operating ratio in 10 years
03 Jan

The Indian Railways' operating ratio at 98.44 per cent in 2017-18 was the worst in the last 10 years, the national auditor, Comptroller and Auditor Ge ...

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No direct sops for junking old cars
03 Jan

The federal government is unlikely to supply any direct incentives for junking outdated autos however will empower states and automakers to supply sop ...

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Manufacturing jobs fall for first time in 20 months in November
03 Jan

Manufacturing activity gained pace in November but as firms sharply cut operating costs, jobs losses were reported for the first time in 20 months, sa ...

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NBCC Likely to Offer More Land to Lenders, Reduce Timeline to Complete Flats
02 Jan

State-owned NBCC Ltd is likely to offer more land to lenders and reduce timeline for completion of about 20,000 flats in its final bid to acquire bank ...

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Bharti Airtel Plans Share Issue First, Bonds Later to Raise Funds for AGR
02 Jan

Bharti Airtel may issue shares first and bonds later as it plans to raise $2-4 billion to pay up its adjusted gross revenue (AGR)-based dues. The mobi ...

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Personal insolvency beginning of a 'new learning', says Sahoo
02 Jan

Personal insolvency framework will be the "beginning of a new learning" and the next big thing in insolvency reforms, IBBI chief M S Sahoo has said....

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Pay more as unlimited free calls across networks end
02 Jan

The days of unlimited free voice calls across networks are over for Indian telecom customers — at least for prepaid users — with Airtel and Vodafone I ...

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Paytm payments bank eyes small fin model
02 Jan

Paytm wants to convert its payments bank into a small finance bank as that will allow it to lend to its consumers and build a more profitable growth m ...

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Car, SUV sales slip post-festive season in Nov
02 Jan

After breaking an 11-month cycle of sales declines in October, car and SUV sales again returned with negative numbers in November as wholesale deliver ...

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Core sector output declines to record low.
30 Jan

Core sector output contracted 5.8% in October, marking a second successive month of decline and yet another record low. The Index of Eight Core Indu ...

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Yes Bank may raise $2bn from 8 investors
30 Jan

The Yes Bank board on Friday approved a proposal to raise $2 billion equity from eight investors who had individually shown an interest in picking u ...

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RBI initiates insolvency process against DHFL
30 Jan

The RBI on Friday filed an application for initiation of corporate insolvency resolution process against Dewan Housing Finance Corporation (DHFL). T ...

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Sebi rejects Karvy’s plea for limited use of PoAs
30 Jan

Markets regulator Sebi late on Friday rejected Karvy Stock Broking’s reeequest for a relaxation of its orders of November 22 through which the regul ...

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Meeting fiscal deficit target-'A tough task'
30 Jan

The pressure to meet the fiscal deficit target for 2019-20 intensified further on Friday after latest data estimated nominal GDP growth at 6.1% in t ...

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Q2 Sees Revival in Rural Demand for Groceries
29 Jan

Q2 Sees Revival in Rural Demand for GroceriesHint of recovery in hinterland, but no pickup in bank funding to NBFCsVolumes rise 4.4% year-on-year in t ...

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RIL becomes first Indian company to cross 10 trillion in market cap
29 Jan

Mukesh Ambani-led Reliance Industries Ltd (RIL) on Thursday became the first Indian company to cross ₹10 trillion in market capitalization, with its s ...

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No End to NBFC Credit Slide Show
29 Jan

Credit disbursals by non-banking finance companies (NBFCs) continued to slide despite regulatory measures to boost credit to the sector. Loan sanction ...

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Fake websites offering petrol pump licences under scanner
29 Jan

Websites offering fake petrol pump licenses from state and private oil companies have proliferated on the internet, using google search advertising an ...

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Icra downgrades Shapoorji Pallonji rating; outlook to negative
29 Jan

Rating agency Icra on Thursday downgraded the long-term rating of Shapoorji Pallonji and Company to A , from AA-, and short-term ratings to 'A1' from ...

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Ola plans to slash jobs ahead of IPO
29 Jan

New Delhi: Ride-hailing major Ola is planning to cut its workforce by 15-20 per cent over the next two quarters in a bid to improve margins and move t ...

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Violation of rules by Karvy for using client's assets
28 Jan

What Karvy Stock Broking did by using clients’ securities and funds was never allowed. A SEBI circular of 1993 had specific instructions on how brok ...

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2 ex-directors of Zee Ent raised issues
28 Jan

Two former board members of Zee Entertainment Enterprises had raised concerns over multiple  issues, including a Rs 2,200-crore film advance gi ...

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No floor price by telecom regulator for mobile tariffs
28 Jan

Telecom regulator TRAI has refused to order a ‘floor price’ — or a minimum mandatory rate — for voice and data tariffs, a move that will ensure that ...

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6-yr plan for Centre & states by Financial panel
28 Jan

The 15th Finance Commission will submit recommendations for six financial years, marking only the second instance of the Constitutionally-mandate ...

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Growth Down, But No Fear of Recession
28 Jan

Finance minister Nirmala Sitharaman said the Indian economy may be facing a slowdown but there’s no danger of a recession taking hold. The governmen ...

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Ola, Uber Fees may be Capped at 10% of Total Fare
28 Jan

This is the first time the government is looking to regulate the commission collected by such firms, which currently stands at about 20%.   ...

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By pledging clients’ securities, Karvy raised Rs 600 crore
27 Jan

Hyderabad-based Karvy Stock Broking pledged securities worth Rs 2,300 crore of almost 95,000 clients with three private banks and a large non-bankin ...

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Pharma Inc agrees for 30% cap margins on non-price control drugs
27 Jan

The domestic drug industry and trade have agreed to the government’s proposal to cap trade margins for all medicines outside price control at 30%, a ...

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Amalgamation of Labour Laws will be helpful in Ease of doing business.
27 Jan

Termination of the service of a worker as a result of completion of service tenure will not be considered retrenchment also fixed term employee will g ...

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RBI appeal to have an eye on bad loans under Mudra scheme
27 Jan

RBI has asked banks to monitor loans under the Mudra scheme over concerns of growing levels of nonperforming assets (NPAs) in that category. The Pra ...

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Competition Commission of India probe Schaeffler, Tata Steel, SKF
27 Jan

An investigation by antitrust body CCI has found that units of Tata Steel, Sweden’s SKF and Germany’s Schaeffler colluded on the pricing of bearings ...

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Investigation for fraud could delay DHFL resolution
27 Jan

Bankers fear that a resolution of DHFL could get delayed because of an SFIO investigation on instructions from the finance ministry. This means bank ...

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Sebi rules reduce risk in PMS, but only slightly
26 Jan

In addition to its decisions on the investment ticket size and net worth, Sebi has imposed some caps on unlisted securities in PMS products. The reg ...

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Subhash Chandra Resigns as Chairman of Zee Entertainment Enterprises
26 Jan

Media mogul Subhash Chandra has resigned as chairman of his flagship company Zee Entertainment Enterprises Ltd (ZEEL), with immediate effect. The bo ...

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Committee of Secys on Telecom ‘Disbanded’
26 Jan

The Committee of Secretaries (CoS) set up to suggest relief measures for the telecom sector has been ‘disbanded’, a top government official said, indi ...

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Chakan plant of Volkswagen closed for another month
26 Jan

Skoda Auto Volkswagen has decided to shut down production from mid-December to mid-January, a second month-long ‘no production’ period is ...

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E-mobility hits a bump on ailing transport utility, tender issues
26 Jan

The govt. electric mobility drive seems to be on a bumpy ride with the state transport department coffers running dry and rigid tender rules choking t ...

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Sebi cracked Karvy’s misuse of clients’ funds by year long investigation.
26 Jan

Sebi’s late Friday order against Karvy Stock Broking (KSBL) is a result of a nearly year-long investigation by the markets regulator. The probe was ...

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Uber Eats to be acquired by Zomato
25 Jan

 UberEats, has been put on the block again for close to $500 million (Rs 3,583 crore at current exchange rate), which may be subject to change. ...

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IBC to be ammended by Govt.
25 Jan

The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution f ...

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CG Power may remove promoter Gautam Thapar
25 Jan

After removing founder Gautam Thapar as the chairman of the company, fraud-hit CG Power & Industrial Solutions has moved to declassify him as pr ...

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GoM set up to resolve land leasing issues
25 Jan

The Prime Minister’s Office has set up a group of 12 ministers to resolve differences over the proposed Model Agricultural Land Leasing Act, 2016. A ...

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Sebi rules on share separation leave brokers shaken
25 Jan

The stock broking industry is undergoing an unprecedented shakeup. The trigger is the capital market regulator’s seemingly innocuous set of rules on ...

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IITs See Flood of Early Offers in Slowdown Season
23 Jan

Microsoft, Amazon and Goldman Sachs are among those setting the pace at the Indian Institutes of Technology (IITs) with students getting a record numb ...

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Competition watchdog needs to reveal identity of informers
23 Jan

The competition watchdog will now be able to reveal the identity of informers who have filed information in a case before it even if they have sought ...

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Sebi bans Karvy brokerage for suspected Rs.2k-cr fraud
23 Jan

Markets regulator Sebi banned Karvy Stock Broking from accepting new investors over alleged misappropriation of shares and funds of its clients ...

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Cognizant cuts bench time, puts pressure on employees
23 Jan

Cognizant has reduced the maximum bench time for employees, opening up the possibility of higher numbers of exits in the c ...

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Telcos asked to list disconnected numbers
23 Jan

At a time when mobile numbers have emerged as the key mode of identification and authentication in both public and private spheres, telecom ...

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Maruti Suzuki to Introduce BS-VI Petrol Versions of Brezza, S-Cross
23 Jan

India's leading car manufacturer Maruti Suzuki will introduce a BS-6 petrol version of its two models, Brezza and S-Cross, before April 1, 2020. ...

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GDP Estimate raised by OECD to 6.2%
22 Jan

The Organisation for Economic Co-operation and Development on Thursday marginally cut India’s economic growth forecast for 2019 to 5.8%, but said it ...

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Protest against industrial relations code by Unions
22 Jan

Trade unions will hold nationwide strike on January 8 against proposed labour law changes through various codes as part of the government’s efforts ...

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Traffic Challans worth Rs 577 cr issued since Sept 1
22 Jan

Traffic authorities across 18 states issued 38 lakh challans worth Rs 577 crore since September this year after the new penalties for traffic violat ...

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RBI takes over DHFL board, appoints an administrator
22 Jan

The Reserve Bank of India on Wednesday superseded the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, i ...

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PSBs disburse record Rs 2.5L cr loans in Oct
22 Jan

 In a bid to boost consumption and revive the economy, Finance Minister Nirmala Sitharaman had in September asked banks to reach out to ...

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GST returns filed increased by 8.2%
22 Jan

The Central Board of Indirect Taxes & Customs (CBIC) on Thursday said the filing of GSTR-3B returns shot up by 50% on Wednesday, the deadline for ...

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PSU Oil Biggies not to show intrest in BPCL Divestment
22 Jan

  State-run entities will stay off when the government puts India’s second-largest public sector oil refiner and fuel retailer Bharat Petrole ...

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Zee Entertainment shares rally 10% as promoters sell stake
21 Jan

Promoters of Zee Entertainment sell 16.5 per cent stake. After this transaction, the promoter stake in Zee Entertainment will be reduced to 5 per ce ...

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Relief for Airtel, Vodafone Idea, 2 year moratorium on spectrum payments
21 Jan

The Cabinet Wednesday cleared a two-year moratorium on spectrum payments, which will give immediate relief of more than  Rs42,000 crore to Indi ...

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Sebi tightens disclosure norms on loan defaults
21 Jan

The capital market regulator has tightened disclosure norms for reporting loan defaults, a move that will help investors draw an informed conclusion ...

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Stubble burning to be crubbed by NITI Aayog
21 Jan

The NITI Aayog has asked the Indian Agriculture Research Institute to expeditiously conduct field trials of a technology that allows paddy straw to ...

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Reliance m-cap nears Rs 10 lakh crore; Mukesh Ambani now world's 12th richest man
21 Jan

Billionaire Mukesh Ambani became the 12th richest man in the world on Wednesady following robust performance of his conglomerate Reliance Industr ...

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India Post Payments Bank may be turned into a small fin lender
21 Jan

The government is exploring the expansion of India Post Payments Bank (IPPB) and possibilities of converting it into a small finance bank and ...

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SEBI to tighten rules for PMS
20 Jan

The Securities and Exchange Board of India (Sebi) is likely to tighten rules for portfolio management services (PMS). The stricter norms for portfol ...

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RBI may refer DHFL for insolvency
20 Jan

The Reserve Bank of India (RBI) is currently in talks with lenders to DHFL before making an insolvency reference. A government notification has br ...

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Govt has no intention to revise fiscal deficit target
20 Jan

Government on Tuesday categorically stated that it does not intend to revise its fiscal deficit target of 3.3 per cent of gross domestic product ...

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GAIL, regulator at conflict over Rs 1.5K crore pipeline
20 Jan

GAIL and the downstream regulator are headed for a clash after the latter cancelled the state-run firm’s sole bid to lay a Rs 1,500-crore pipeline i ...

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Cars without FASTags to pay twice at trolls from December
20 Jan

All vehicles plying on the National Highways across the nation will have to compulsorily carry a FASTag from December 1, 2019. The rollout of e ...

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Rs 3,277cr divergence in Yes Bank’s reported NPAs to RBI
20 Jan

YES Bank reported asset quality divergence of Rs 3,277 crore, based on receipt of the Reserve Bank of India’s (RBI’s) final risk assessment report f ...

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Panel to review norms for director’s disqualification
20 Jan

The Company Law Committee has suggested that it may provide a breather to independent directors who have been disqualified from holding board ...

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Companies Act panel wants penalties cut, sections decriminalised
19 Jan

A government-appointed high level panel has proposed recategorisation of 23 more offences under the companies law.The committee has suggested amendmen ...

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Mobile call, data to cost more from December
19 Jan

Vodafone Idea and Bharti Airtel said they would increase tariffs in December, the first price hike in more than three years that could help sho ...

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Duty drawback rates for gold, silver jewellery exports raised sharply
19 Jan

Sharp increase in duty drawback rates for gold and silver jewelry effective today, in a move that is expected to make exports more viable for those wh ...

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Coal mining based on revenue sharing soon
19 Jan

The coal ministry will auction coal blocks for commercial mining on a revenue sharing basis and proposes to announce incentives for faster production. ...

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Maruti’s diesel models going out with a bang
19 Jan

Maruti Suzuki is witnessing a sudden surge in demand for its diesel models, compelling the maker of the Vitara Brezza and Dzire to ramp up p ...

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NCLT Calls Meeting with Jet Air Suitor
19 Jan

The bankruptcy court has asked the only potential suitor for Jet Airways, Synergy Group, to appear before the bench to show its seriousness and bonafi ...

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SBI, government plan priority status for real estate AIF
18 Jan

State Bank of India and the ministry of finance are exploring a legal framework where the proposed alternative investment fund (AIF) for revivi ...

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Flipkart and Amazon clock Rs 31,000 crore in festive sales
18 Jan

India’s top two web retailers Flipkart and Amazon clocked combined sales of Rs 31,000 crore ($4.3 billion) during the crucial 15-day festival period i ...

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Voda Idea AGR dues could rise further
18 Jan

Vodafone Idea’s estimated AGR-related dues of Rs 44,200 crore could rise sharply, entailing additional provisioning and stretching its balance ...

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Airtel withdraws bid for RCom assets sale
18 Jan

Telecom operator Bharti Airtel has withdrawn its bid to purchase assets of Reliance Communications (RCom) after terming the move of committee of cr ...

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‘Make in India’ hub Noida to churn over 30 crore mobile phones in 5 years
18 Jan

The pace at which mobile manufacturing activity is growing in the Noida/Greater Noida area owing to the “Make in India” initiative, the region is s ...

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FM: Plan to shield IBC companies from PMLA action against promoters.
18 Jan

The government is looking to address concerns over the Enforcement Directorate’s decision to attach properties of Bhushan Power and Steel, raising que ...

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Link unique client code to PAN, demat account: Sebi
16 Jan

Sebi on Friday asked brokers to link the unique client code (UCC) of investors to the latter’s demat accounts. UCC is a number that is assigned to eac ...

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Financial cos brought under ambit of insolvency code
16 Jan

The government on Friday said the Insolvency and Bankruptcy Code (IBC) will be applicable to systemically important financial service providers (FSPs) ...

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I Want all Telcos to Flourish, Says FM Sitharaman
16 Jan

The government doesn’t want any phone companies shutting down and is looking at support that can be given to the debt-laden telecom sector that’s been ...

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SC Clears Arcelor’s Takeover of Essar Steel
16 Jan

The Supreme Court on Friday paved the way for global steel giant ArcelorMittal to take over Essar Steel by upholding the primacy of financial creditor ...

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Ecomm Faces the Bulk of Consumer Bricks & Mortars
16 Jan

Ecommerce companies led by Flipkart topped the list of consumer complaints received on the government’s national helpline, which was set up to help re ...

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Vodafone Idea’s Auditors May Take Call on Writing Off its Assets Soon
16 Jan


Vodafone Idea may just have a few months before its auditors take a call on the company’s health and comment on whether the telecom firm’s intangi ...

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Tax cut shores up India Inc’s profit, still revenues slip
15 Jan

India Inc’s revenue dropped marginally in the September quarter, the first decline in nine quarters, reflecting demand-side woes, destocking of piled- ...

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Voda Idea & Airtel post Rs 74,000 crore loss in Q2 on AGR provisioning
15 Jan

Vodafone Idea and Bharti Airtel have raised doubts over their ability to continue as going concerns while posting unprecedented losses of Rs 50,921.9 ...

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Labour ministry drops the plan to corporatise EPFO
15 Jan

The labour ministry plans to drop its proposal to corporatise the Employees’ Provident Fund Organisation (EPFO) and instead dust off its earlier propo ...

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KKR, Bain, TPG eye Cafe Coffee Day holding
15 Jan

The chain’s owner, Coffee Day Enterprises, has kicked off the process by appointing IDFC Securities as the banker as it looks to pare Rs 4,980-crore d ...

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Government plans to lower fines on companies to boost compliance
15 Jan

As part of its efforts to improve compliance, the government is set to lower penalties under the Companies Act, while offering concessions to startups ...

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Wholesale inflation hits 3 year low in October
15 Jan

India’s wholesale inflation eased to 0.16% in October, its lowest in more than three years, on the back of a fall in prices of fuel and manufactured g ...

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Voda Idea to go insolvent if government doesn't help
14 Jan

Aditya Birla Group will not infuse any fresh equity into Vodafone Idea Ltd, its telecom joint venture with Vodafone Group of UK, and let it opt ...

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Infosys firm on stand, refutes charges of lapses
14 Jan

Infosys has strongly refuted charges of disclosure lapses pertaining to a recent whistleblower complaint received in September. Lawyers dealing with ...

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SpiceJet loss widens to Rs 463 cr in Q2
14 Jan

Low cost carrier SpiceJet on Wednesday reported widening of loss to Rs 462.6 crore in the three months ended September, mainly hit by expens ...

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DoT asks telcos to pay nearly Rs 93k cr
14 Jan

The Department of Telecom on Wednesday shot off notices to financially crippled mobile operators, including Bharti Airtel and the joint venture Vod ...

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Retail inflation jumps to 16-month high of 4.62% in October
14 Jan

Retail price based consumer inflation spiked to 16-month high of 4.62 per cent in October on costlier food items, reducing the headroom for a rate cut ...

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Even though slump has bottomed out, but still credit worries remain says BK Goenka
14 Jan

Economic slowdown has bottomed out, but India Inc is still facing difficulties in getting credit, Assocham president BK Goenka told ET. He said the re ...

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Firms linked to promoter Thapar to return Rs.3,300 cr
13 Jan

Fraud-hit CG Power and Industrial Solutions on Tuesday said it has asked companies linked to promoter Gautam Thapar among others to return over Rs 3,3 ...

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Carrer Point to takeover IL&FS'sEducation biz
13 Jan

The committee, which comprises all financial creditors of IL&FS, approved Career Point Publications’ bid with more than 78% votes through an e-vot ...

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Licence fee lowered,2 year freeze on spectrum dues
13 Jan

The Committee of Secretaries (CoS) is likely to recommend a reduction in the licence fee paid by telecom companies and allowing a two-year moratorium ...

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Pay-to-performance may make it tough for banks to reward top talent
13 Jan

The mandate, intended to motivate the top management and make it more responsible, may instead end up reducing the lure of banking sector among ...

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Farmers get right price with the formation of producer organisations
13 Jan

The finance minister urged states to dismantle Agriculture Produce Marketing Committees (APMC) and switch to National Agriculture Market (eNAM), which ...

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IBC proceeds formula may be reworked to avoid squabbles, legal delays
13 Jan

The government is considering a formula for distributing the proceeds of insolvency resolution among financial and operational creditors ...

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CII against proposal to lower companies welfare officer hiring threshold
13 Jan

Confederation of Indian Industry has urged the government to drop a proposal to lower the threshold for companies to employ welfare officers, saying t ...

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Industrial output shrinks 4.3% in Sep, in weakest showing since Apr 2012
12 Jan

The weakest performance in seven years, due to output decline in manufacturing, mining and electricity sectors, according to official data released ...

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Air India’s dues worth Rs 22,000 cr to be cleared by govt.
12 Jan

The government is likely to pay Air India’s dues worth Rs 22,000 crore to vendors such as airports and oil companies before putting up the airline f ...

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250 defence startups to be financed over next 5 years
12 Jan

The defence ministry will be earmarking at least Rs 500 crore for its Innovations for Defence Excellence (iDEX) initiative and will try to brin ...

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IT spending in India to grow 6.6% to $94 bn in 2020
12 Jan

IT spending in India is forecast to cross USD 94 billion in 2020, up 6.6 percent from $88.5 billion in 2019, research firm Gartner said on November 11 ...

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Just 5 banks claim 80% of UPI’s big billion October fest
12 Jan

Four large banks — State Bank of India, HDFC Bank, Axis Bank and ICICI Bank — are dominating the retail digital payments business, riding on the Unifi ...

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Bank of Baroda integrates 30,000 employees of Vijaya, Dena Banks
12 Jan

BoB integrates 30k employees of Vijaya, Dena Banks To begin with, BoB brought the entire set-up under a four-tier structure that it originally had, cr ...

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'Bajaj Auto-Triumph' deal finally on track
11 Jan

The product development collaboration between Pune-based Bajaj Auto and British company Triumph Motorcycles has been unaffected by the multiple dela ...

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Lenders yet to classify DHFL as NPA
11 Jan

Most public sector banks have held back from making bad loan provisions of advances to troubled housing finance company despite the account being ‘red ...

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Moody’s cuts India’s rating outlook to negative from stable
09 Jan

A day after prime minister Narendra Modi claimed that the fundamentals of the economy remain strong, rating agency Moody’s Investor Services on F ...

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Small rise in tariffs may yield about Rs 35,000Cr in Revenue for Telcos: DOT
09 Jan

The Department of Telecommunications (DoT) has estimated that an increase of 10% in realizations from subscribers — by raising phone bills — may yield ...

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Govt may stop UCB's from using Bank in Name
09 Jan

The government may stop urban co-operative banks (UCBs),registered under the Multi-state Co-operative Societies Act, from calling themselves banks as ...

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RBI directs banks to waive NEFT Fee from Jan
09 Jan

From January 2020, banks can no longer charge savings bank account holders for online transactions in the NEFT system. The Reserve Bank of India (RBI) ...

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IDBI Bank on Friday reported its 12th successive quarterly loss
09 Jan

MUMBAI: IDBI Bank on Friday reported its 12th successive quarterly loss of Rs 3,458 crore for the quarter ended September 2019, marginally lower than ...

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Suzuki set to move slow on 3rd plant in Gujarat
09 Jan

NEW DELHI: The slowdown in the car market and pressure on Maruti’s sales is prompting its Japanese parent Suzuki to go slow in its India expansion.Aft ...

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Govt caps funding for single stalled realty projects at ₹400 crore
08 Jan

Union Finance Ministry on Thursday said that any stalled real estate project will get maximum of ₹400 crore from special fund. Also, dwelling unit wit ...

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E-commerce companies shall stop predatory pricing: Piyush Goyal
08 Jan

Commerce and industry minister Piyush Goyal has warned ecommerce companies of strict action if they don’t halt predatory pricing on their platforms, f ...

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FM Nirmala Sitharaman reviews state of economy at FSDC meeting
08 Jan

Finance Minister Nirmala Sitharaman on Thursday reviewed the state of economy including stress in the financial sector at the meeting of the Financial ...

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Situation at PMC Bank being closely monitored; forensic audit underway says RBI Governor
08 Jan

Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway. P ...

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Insurance regulator bars Reliance Health Insurance from selling policies as solvency drops
08 Jan

The move comes after the Insurance Regulatory and Development Authority (IRDAI) observed a constant deterioration in the solvency margin of Reliance H ...

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Open to invest in Air India if we get right partner: Qatar Air
08 Jan

Keen to spread its wings in India, Qatar Airways on Thursday said it unconditionally open to bid for divestment-bound Air India or pick up a stake in ...

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Infosys' numbers are all correct, says Chairman Nandan Nilekani
07 Jan

Infosys Chairman Nandan Nilekani said that even God can't change the earnings of the company. He was responding to whistleblowers' plaint that have ma ...

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Tata Trust says Don't need tax breaks to pursue charity
07 Jan

Tata Trusts has informed income tax authorities that it does not need exemptions to carry out charitable activities. This was stated by Tata Trusts in ...

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India's AGR ruling may hit any company with telecom licence
07 Jan

The impact of the Supreme Court order on the definition of adjusted gross revenue (AGR) may not be restricted to telecom companies. It could also have ...

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Health index to reflect Ayushman Bharat progress
07 Jan

Enrolment in Ayushman Bharat and services provided to beneficiaries under the scheme will now be a major parameter for ranking states on the Niti Aayo ...

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Finance Minister Notifies Framework For Non-debt Flows
07 Jan

The government has notified a new rules framework for investments through nondebt instruments making it clear that finance ministry will be the notify ...

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Rs 25,000cr fund to revive 1,600 projects with 4.6 lakh houses
07 Jan

The government on Wednesday cleared a fund with an initial corpus of 25,000 crore to revive 4.6 lakh housing units in 1,600 projects with "positive ne ...

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Forecast of 20% fall in Maruti sale in 2019-20
06 Jan

Suzuki Motor Corporation (SMC) has revised the FY20 sales forecast of its Indian subsidiary Maruti Suzuki and said sales will plunge 20% on back of a ...

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TRAI says setting floor rate for telecom tariffs is very difficult
06 Jan

The Telecom Regulatory Authority of India (Trai) appears to be pushing back against the suggestion that a floor be put in place for voice and data rat ...

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India is out of RCEP but ready for talks
06 Jan

Commerce and industry minister Piyush Goyal on Tuesday said that India is out of the Regional Comprehensive Economic Partnership (RCEP) trade agreemen ...

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Services activity slows again in October as per Purchasing Managers’ Index
06 Jan

India’s service sector activity declined for the second straight month in October, the first back-to-back reduction since the second quarter of 2017-1 ...

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Sebi tightens norms for demat of physical shares.
06 Jan

To rein in incidents of frauds that take place in converting physical shares into demat, Sebi on Thursday put in place se several extra layers of chec ...

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India's Qtr II gold demand dropped by 32%
06 Jan

High prices and falling disposable incomes due to the economonic slowdown put a damper on gold demand in the country. The yellow metal saw a 32% yearo ...

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RBI doesn’t relent, chiefs of pvt banks need to retire at 70
02 Jan

The Reserve Bank of India (RBI) has refused to relent on its guidelines requiring chief executives of private banks to mandatorily retire at the age o ...

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Income tax dept cancels 6 Tata Trusts’ registrations
02 Jan

The income tax (IT) department has cancelled registrations of six Tata Trusts with “immediate effect”, the foundation said in a statement.
Accordin ...

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Manufacturing Activity Slows to an Over 2-year Low in October
02 Jan

India’s manufacturing activity hit a two-year low in October as new orders and output increased at a slower pace, making business confidence slip to i ...

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Vehicle Makers' sale improves during October due to Diwali festival
02 Jan

Passenger car makers across the board reported better retail sales in October as steep discounts and offers revived consumer sentiment in the month do ...

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Real Estate Dealers see 15-25% rise in sales during Diwali
02 Jan

The festive season has brought some cheer back to real estate developers, who said they have seen 15-25% increase in sales during Diwali. According to ...

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Now workers can generate UAN from EPFO portal directly
02 Jan

Retirement fund body, Employees' Provident Fund Organization, has launched a facility for formal sector workers to obtain universal account number on- ...

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With restructuring Cognizant plans to slash 18k jobs
01 Jan

In the largest layoff exercise ever in the Indian IT sector, Cognizant will part with some 18,000 people in the coming months.
About 6,000 of these ...

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India offering subsidies via export schemes: WTO panel
01 Jan

A World Trade Organization (WTO) panel ruled against at least five of India’s export promotion schemes, saying it was granting prohibited subsidies in ...

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Core Sector puts up worst show in 14 years, shrinks 5.2% in Sept
01 Jan

India’s core sector output contracted 5.2% in September, posting its worst performance in 14 years and suggesting that the economy may have slumped fu ...

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PE Arm of IL&FS Moves NCLT against DB Realty
01 Jan

IL&FS India Realty Fund (IIRF), a private equity arm of the debt-laden Infrastructure Leasing & Financial Services, has approached the dedicat ...

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After Talks, RCEP Now A Political Call
01 Jan

India is playing hardball to protect its interests in the Regional Comprehensive Economic Partnership (RCEP) trade agreement ahead of the meeting of t ...

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No proposal to launch gold amnesty scheme
01 Jan

The government is not considering any gold amnesty scheme as part of efforts to unearth unaccounted wealth stashed in the form of yellow metal.
The ...

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Diwali brings cheers for real estate market
01 Jan

Diwali brings yet another reason to invest in property. Since the festival holds special significance and is considered auspicious, there is definitel ...

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E-payments battle leads to $1bn loss for top cos in FY19
31 Jan

The battle for domination in the digital payments space has caused a collective loss of over Rs 7,283 crore ($1.03 billion) between Soft Bank-backed P ...

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Govt unlikely to reduce DDT, capital gains tax
31 Jan

The government is unlikely to offer fresh concessions to investors by way of reducing dividend distribution tax (DDT) and capital gains tax, arguing i ...

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Losses Due to GST in FY 23 to Be Rs. 13 K Cr: UP to Fin Panel
31 Jan

Uttar Pradesh has estimated that the state will suffer a loss of Rs.13,500 crore in 2022-2023 due to implementation of the Goods and Services Tax. Pre ...

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AirAsia India Plans to Take Fleet Size to 100 in Five Years
31 Jan

After growing at a very slow rate in its first five years of operations, AirAsia India plans to expand its fleet more than fourfold to 100 aircraft in ...

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Hyundai, Kia’s $300m funding in Ola and its Electric arm gets CCI approval
31 Jan

The Competition Commission of India (CCI) on Wednesday approved a proposed $300 million investment in homegrown ride hailing platform Ola and its elec ...

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Consumer Credit Growth Slips in Q1, Older Loans Show Stress
31 Jan

Consumer credit in the quarter ended June grew at a slower pace than a year ago while some loan accounts older than a year showed signs of stress with ...

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NHAI to Focus on Land Acquisition for New Projects
31 Jan

The National Highways Authority of India (NHAI) is firming up a strategy to prioritise land acquisition for projects that are set to be awarded over t ...

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Concrete govt. steps being taken to de-stress telecos
30 Jan

The Committee of Secretaries under the Cabinet Secretary will examine all aspects of the financial stress faced by India’s telecom service providers ...

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Indigo orders 300 planes for $33 billions (Rs. 2.4 lakh crs)
30 Jan

India’s largest airline IndiGo has placed an order for ...

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Panel created for simplify the entry of Foreign Investment
30 Jan

A high-level advisory group (HLAG) on trade and policy has recommended simpler regulatory and tax framework for overseas investment funds, allowing ...

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More effective CSR needed in Poorer States
30 Jan

Corporate affairs minister Nirmala Sitharaman on 29.10.19 exhorted India Inc to expand its corporate social responsibility reach to poor states like ...

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No income tax rates cuts in the offing
30 Jan

The government has virtually ruled out a reduction in personal income tax, including in the forthcoming Budget, with well- placed sources citin ...

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Slowdown is temporary, will reverse
30 Jan

Billionaire Mukesh Ambani on 29.10.19 said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help ...

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Hindustan Zinc Q2 profit up by 14.6% to 2081 crs.
30 Jan

HINDUSTAN ZINC LTD. has reported financial results for the period ended September 30, 2019.
Financial Results (Q2 FY19-20) - QoQ Comparison< ...

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Tata Sons to infuse 6500 crs in Tata Motors for morale boosting
26 Jan

Tata Sons will infuse Rs 6,500 crore into Tata Motors&nb ...

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Reliance to create subsidiary for JIO with 1 lakh cr investment
26 Jan

he board of  Reliance Industries...

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Telcos to seek relief from Govt.
26 Jan

Facing over Rs 21,000 crore liability in interest and penalty alone after a Supreme Court ruling on the definition of telecom revenues, Vodafone& ...

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Punjab Haryana advised to stop stubble burning completely for next few days
26 Jan

Expecting a spike in Delhi's air pollution in the coming days, the central government has directed Haryana and Punjab to stop stubble burning comple ...

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SBI Q2 net profit zooms 3 fold to 3012 crs.
26 Jan

Country's largest lender Sta ...

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Glitter of Dhanteras missing in Gold & Silver but auto shines
26 Jan

Dhanteras glitter was missing from retail sales of gold and silver this year as nervous consumers stayed away from heavy purchases, owing to poor econ ...

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SC ruling on AGR likely to worsen viability for debt ridden Telcos sector
25 Jan

The Supreme Court Thursday ruled in favour of the government on recovering adjusted gross revenue (AGR) of about Rs 92,000 crore from telecom servic ...

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Infosys wants probe to be completed in 2 weeks
25 Jan

 Infosys, India's IT major, wants the probes into the company's alleged 'irregularities' to be completed with soon, according to news reports. ...

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India rises by 14 positions in the Ease of doing business
25 Jan

India has risen 14 places in the World Bank’s latest ...

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Honda Cars plans to shut the plant as India sale fall by 50% in 4 years
25 Jan

With sales volumes almost halving in the past four years, Ho ...

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US SEC probing Infosys whistleblower charges
25 Jan

Infosys Ltd’s regulatory problems mounted after a US law firm filed a suit against the company on behalf of American investors, seeking damages for ...

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Bank shares slide over fear of rising NPA
25 Jan

Bank shares took a beating after supreme court ordered telecom companies to pay Rs.92000 crs. to the govt. Share of SBI fell 5% on fears of more provi ...

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Govt. eases Entry in Petrol Pump business
24 Jan

In the biggest reform in fuel retailing sector in almost two decades  the government on 23.10.19 opened up fuel retailing norms, allowing non-oil ...

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SEBI and BSE probe Infosys for whistleblower disclosures
24 Jan

Sebi and BSE have sought clarification from tech giant Infosys Ltd for not disclosing information regarding the whistleblower complaint. "Infosys Lt ...

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Income Tax evasion of Rs.1000 crore detected linked to Chopper Scam
24 Jan

The income tax department has unearthed alleged tax evasion to the tune of Rs 1,000 crore after it raided a Delhi-based business house that is under ...

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BSNL and MTNL to be merged under a revival plan
24 Jan

India will merge its twin state-run telecom companies in an effort to turn around the money-losing firms, which it considers core assets. The str ...

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In US trade talks some Agri products are stumbling blocks
24 Jan

Indian govt. has identified certain agricultural products where India is self sufficient and wants to protect its farmers, as well as, animal feed tha ...

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Microsoft India topline crosses $1bn for the first time
24 Jan

Microsoft's revenue in India has crossed $1 billion with robust growth from cloud and cloud based services in a market where competition is fierce wit ...

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Risk of contagion rises in financial sector
24 Jan

International Rating agency Standard & Poor (S&P) has said that the risk of contagion is rising in the financial sector and the failure of a l ...

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Insider trading charge hangs over stock moves
23 Jan

The Infosys whistleblower letter dated September 20 has raised suspicions of insider trading. Over September 20-25, the Infosys stock witnessed heavy ...

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India Post Payments Bank fights to survive
23 Jan

After its grand launch last year, the India Post Payments Bank (IPPB) is struggling to survive with mounting salary bills and very little business.
...

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DHFL may Buy Back MF Bonds at Discount
23 Jan

Dewan Housing Finance Corp Ltd (DHFL) may offer to buy back bonds held by mutual funds at a discount to ensure near unanimity among lenders and allow ...

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Toyota, Suzuki Plan Early Launch of Battery EVs in India
23 Jan

Japan’s largest automaker Toyota Motor Corporation (TMC) is working closely with Suzuki Motor Corporation (SMC) to introduce a compact battery electri ...

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MSME to be Redefined for Tax Uniformity & Investment: Gadkari
23 Jan

The government will soon make changes to the definition of a micro, small and medium enterprise (MSME), which will make way for uniformity for the pur ...

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NHAI Likely to Award Projects Worth ₹8 Lakh Cr Over 3 Years
23 Jan

The National Highways Authority of India has created a pipeline of projects worth ₹8 lakh crore which will be awarded over the next three years, as th ...

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Railways to have only high-speed and semi-high speed network: Chairman Railway Board
23 Jan

 The Indian Railways is in the process of transitioning to semi-high speed and high-speed network routes only, with train speeds of 160 and 320 k ...

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Private brands business of e-tailers under scanner
22 Jan

Private brands and digital payments businesses of online giants Amazon and Flipkart have come under the government scanner with the department for pro ...

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Jet effect: Intnational air travel grows just 1%
22 Jan

International air travel to and from India in the first six months of this year has grown by just 1%. The collapse of Jet Airways — which had been the ...

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Walmart CEO Writes to PM, seeks stable business environment
22 Jan

Walmart chief executive Doug McMillon has written to Prime Minister Narendra Modi, seeking certainty and predictability in India’s business environmen ...

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Infosys ADR Crashes 14% after complaint
22 Jan

Infosys’ ADRs opened 14% down on the NYSE on Monday as investors reacted to concerns raised in a whistle blower letter that alleged “unethical steps” ...

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Electric 2-Wheeler Sales Crash by FAME harder norms
22 Jan

Electric two-wheeler sales under a government incentive programme crashed by 94% in the first six months of FY20 after policy changes led customers to ...

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SBI Seeks Govt Help to Salvage Rs.1 L Cr Gas Plants
22 Jan

The country’s largest lender, State Bank of India, has sought immediate government intervention to salvage gas-based power plants with total capacity ...

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Next FTP May Cut Raw Material Costs to Boost Sliding Exports
22 Jan

India’s upcoming foreign trade policy is likely to ease the norms for import of raw materials and capital goods for exporters in a bid to provide a bo ...

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China Braces for Economic Growth to Fall Below 6%
22 Jan

China’s policy makers are preparing for two key meetings in the coming weeks with fresh evidence that sooner rather than later, the number for gross d ...

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Govt looks to ease more FDI rules to attract investments
21 Jan

Weeks after it eased the foreign direct investment (FDI) regime, the government has begun a fresh review for further liberalisation of sectoral caps a ...

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Stiff fines drive 3rd-party motor insurance business
21 Jan

Despite a severe slump in auto sales, higher penalties under the new vehicles Act led to a surge in third-party motor insurance purchases in September ...

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Quarter 2 Results: Tax Cut Boosts Profit, But Revenue Crawls
21 Jan

Early trends in quarterly results show resilient double-digit growth in aggregate net profit aided by the recent corporate tax cut. However, lack lust ...

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AI Buyer Can Fly with the Maharaja
21 Jan

The new buyer of Air India, which the government hopes to sell shortly, will get the master brand and logos associated with the state-owned airliner, ...

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Vehicle Scrappage Plan may not bear fruit without age Limit
21 Jan

Experts have hailed the draft guidelines for setting up authorized vehicle scrappage facilities released by the road transport and highways ministry l ...

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EPFO Members may Get Option to Draw Pension After 60
21 Jan

The Employees’ Provident Fund Organisation (EPFO) may soon give members an option to start drawing their pension once they turn 60 instead of 58 curre ...

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India Turns Net Copper Importer for First Time in 18 yrs
21 Jan

India became a net importer of copper for the first time in 18 years in 2018-19 as the closure of Vedanta’s copper smelter in Tuticorin wiped out more ...

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Sebi tightens disclosure norms on auditors’ exit
19 Jan

Markets regulator Sebi has toughened disclosure norms for auditing firms to bring in transparency and protect investors from sudden auditor exits.
...

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RBI Monetary Policy Committee saw growth slowing in Q2 as well
19 Jan

The members of the Reserve Bank of India’s monetary policy committee were unanimous in their concern over the growth slowdown which led them to keep r ...

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Consumer Businesses fuel 18% rise in RIL’s Q2 Profit
19 Jan

Reliance Industries Ltd reported an 18.3% rise in quarterly net profit as robust growth in its retail and telecom ventures more than made up for highe ...

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ED Questions Praful Patel Over ‘Mirchi Links’
19 Jan

Nationalist Congress Party (NCP) leader Praful Patel, whose firm Millennium Developers is being probed in a property related deal allegedly involving ...

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HC directs tax dept to refund Rs 788.39 crore to Vodafone Idea
19 Jan

The Bombay High Court has directed the income tax department to refund Rs 788.39 crore to Vodafone Idea Ltd. (VIL) within three weeks, bringing some r ...

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NHAI to check on liquidity of banks before HAM projects
19 Jan

The National Highways Authority of India (NHAI) will soon call a meeting of public and private sector banks looking to ensure that there are sufficien ...

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Madhya Pradesh ready for unorthodox steps to help investment
19 Jan

Madhya Pradesh is ready to take any unorthodox step to help the corporate sector invest and create jobs, chief minister Kamal Nath said at an investor ...

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IndiGo battle heats up, Bhatias move US court
18 Jan

The battle between IndiGo’s founder-promoters Rahul Bhatia and Rakesh Gangwal over controlling India’s largest airline has taken a turn for the worse. ...

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Zee weighs legal option against FD adjustment
18 Jan

Media mogul Subhash Chandra is considering legal options against a bank that adjusted flagship Zee’s Rs 200-crore fixed deposit against dues of certai ...

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No slowdown for Marriott, will add 26 hotels by 2020
18 Jan

At a time when the pace of economic growth has slowed, Marriott, which emerged as the largest foreign chain in India with 119 hotels, will open six pr ...

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Acute Liquidity Squeeze Choking Sales in Rural Markets, Says HUL
18 Jan

Hindustan Unilever Ltd (HUL), the country’s biggest consumer products company, said the trade — especially wholesale and smaller retailers — is facing ...

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Govt. set to halve Air India baggage before selloff
18 Jan

The government is all set to repay a big chunk of Air India’s loans, removing a key hurdle in the privatisation of the stricken public sector carrier ...

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Oil PSUs may not adopt lower taxes to avoid credit loss
18 Jan

Many state-run oil companies are unlikely to switch to the lower corporate tax regime this year as it would lead to a loss of accumulated tax credit w ...

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Civil society question Govt. on RCEP’s benefits when economy is slowing
18 Jan

Farmer and civil society organisations on Wednesday questioned the government about the benefits of
the proposed Regional Comprehensive Economic Pa ...

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PSBs Saw ‘Worst Phase’ Under Singh, Rajan: FM
17 Jan

Public sector banks (PSBs) saw their “worst phase” under the “combination” of former Prime Minister Manmohan Singh and RBI ex-governor Raghuram Rajan, ...

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No Privatisation of Railways: Goyal
17 Jan

Railway minister Piyush Goyal has ruled out privatising the national transporter till BJP is in power and said the government was exploring ways to br ...

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Railways protests against IRCTC public offer price
17 Jan

Investors may be rejoicing Indian Railway Catering and Tourism Corporation’s (IRCTC’s) blockbuster listing, but the railways is not happy with the pri ...

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Tatas rule out sale of JLR, will look for partners
17 Jan

Tata Motors, which owns Jaguar Land Rover (JLR), said it is open to finding partners for the automaker but isn’t planning on selling the embattled uni ...

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PSBs set to start doorstep banking
17 Jan

State-run banks are set to implement doorstep banking for millions of consumers — including the facility to deposit and withdraw cash — making life ea ...

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Chetak makes an electric comeback
17 Jan

The iconic Bajaj Chetak is back, but in an electric avatar.
Bajaj Auto, which exited the scooter segment years ago, has made a comeback in the cate ...

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Currency flow jumps Rs. 19.7k cr in a week
17 Jan

The week ended October 4 saw currency in circulation jump to Rs 22 lakh crore — an increase of Rs 19,699 crore. The growth in the value of currency ha ...

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RBI Governor Faces Board Queries on Financial Frauds
16 Jan


Reserve Bank of India (RBI) governor Shaktikanta Das came under pressure at the bank’s board meeting last week, with two external directors questi ...

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Will Meet Tax Targets: Revenue Secretary Ajay Pandey
16 Jan

Revenue secretary Ajay Bhushan Pandey has said the government is well on track to meet its tax targets even after the significant cut in corporate tax ...

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IMF Lowers Growth Estimate to 6.1%
16 Jan

The International Monetary Fund cut its estimate for India’s growth this year to 6.1% from 7% projected in July, calling on the country to use monetar ...

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Exports Shrink 6.57% in Sept, Imports 13.85%
16 Jan

India’s exports contracted 6.57% in September as shipments of petroleum, engineering, gems & jewellery and chemicals fell. Imports declined 13.85% ...

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Goyal Blames Structural Adjustment for Slowdown, Says Nothing to Worry
16 Jan

Commerce and industry minister Piyush Goyal has described the ongoing economic slowdown as a structural adjustment, periodic in nature, and said that ...

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Wipro revenue up 3.8% in second quarter, lags TCS
16 Jan

Wipro reported a 3.8% constant currency revenue growth in the second quarter as its banking, financial services and insurance (BFSI), communications a ...

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Banks to rope in auditors to know exact fraud amount
16 Jan

Lenders led by SBI have taken a call that, in instances of fraud, rather than report the entire loan amount as a fraudulent one, banks will only repor ...

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Retail inflation at 14-mth high, WPI at 39-mth low
15 Jan

Retail inflation rose to a 14-month high in September on the back of rising food prices, while wholesale inflation dipped to a 39-month low during the ...

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PMC Bank withdrawal limit raised to ₹40k
15 Jan

In partial relief for depositors of Punjab and Maharashtra Cooperative Bank, the Reserve Bank of India has hiked the withdrawal limit to Rs 40,000 fro ...

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ED Told to Release BPSL’s Assets
15 Jan

The National Company Law Appellate Tribunal (NCLAT) directed the Enforcement Directorate (ED) to release assets of Bhushan Power and Steel Ltd. (BPSL) ...

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Jet Air Formed Illegal Pacts with Related Offshore Parties
15 Jan

An ongoing probe against Jet Airways founder Naresh Goyal has revealed that the grounded carrier entered into illegal agreements with related offshore ...

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RBI, Sebi ‘Clash’ Likely to Hurt the Resolution Plans of Defaulting Cos
15 Jan

Differences between regulators such as the Reserve Bank of India and the Securities and Exchange Board of India may delay or possibly even scupper res ...

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Sitharaman Urges Big Firms to Clear Rs.40k crs. MSME Dues
15 Jan

Finance minister Nirmala Sitharaman has said banks have sufficient liquidity, and efforts are being made to ensure that large firms clear their dues t ...

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India seeks checks on 50% Chinese imports in trade pact
14 Jan

India’s insistence on providing a safety valve to cover at least 50% of Chinese imports under Regional Comprehensive Partnership (RCEP), the proposed ...

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Paytm to cut losses by 33% to $400m: CEO
14 Jan

India’s most valued startup at over $10 billion, Paytm, has begun talking of improving margins as loss-making private internet companies across the wo ...

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Govt to decriminalise 2/3rds of offences under Companies Act
14 Jan

The government is set to decriminalise two thirds of offences under the Companies Act as it looks to do away with jail term in over 40 sections out of ...

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After PMC Shock, Work Starts on Stronger Rules for Coops
14 Jan

The Prime Minister’s Office is keeping close tabs on developments related to fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank.
The Reserve B ...

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ED’s BPSL Move Vindicates Stand: JSW
14 Jan

The Enforcement Directorate’s (ED) move to attach the properties of Bhushan Power & Steel (BPSL) is a “vindication” of its stand.
India’s secon ...

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EPFO Backs Plan to Allow Subscribers’ NPS Switch
14 Jan

The Employees’ Provident Fund Organisation has supported a labour ministry proposal to allow its subscribers switch to the National Pension System but ...

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World Bank Slashes India Growth Forecast for FY20 to 6% From 7.5%
14 Jan

The World Bank has sharply cut India’s growth forecast for current fiscal to 6%, down from 7.5% forecast in April, and said the main policy challenge ...

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LVB union welcomes RBI’s rejection of Indiabulls merger
12 Jan

Lakshmi Vilas Bank’s (LVB’s) proposal to merge with Indiabulls Housing Finance would have been catastrophic to the amalgamated entity, union members o ...

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Slowdown in 3 sectors, dip in imports hit GST collection
12 Jan

The slowdown in three sectors — automobiles, cement and iron & steel — along with falling imports have taken a toll on GST collections, even as th ...

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Oracle launches cloud data centres in India
12 Jan

Oracle on Friday launched cloud data centres in India, a service that will compete with Amazon’s AWS and Microsoft’s Azure platforms.
The first clo ...

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Curb Fake ITC Claims: PMO to States
12 Jan

A day after the GST Council set up a committee to identify measures to augment revenue from goods and services tax collection, the Centre on Friday as ...

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Digital MNCs Could Tweak Ops to Comply with New Tax Laws
12 Jan

Digital multinationals such as Facebook, Google, Uber and LinkedIn with operations in the country may create new domestic companies, change the owners ...

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After Sept Quarter results, most brokerages cut their consultancy service target price
12 Jan

Most analysts cut their target price on Tata Consultancy Services (TCS) after the company reported a softer-than expected set of numbers for the quart ...

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Amid Slowdown, Retail Vehicle Sales Improve
12 Jan

Retail sales of vehicles improved last month, bringing some respite to the industry that has been witnessing sales slowdown for more than a year, even ...

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SC Bars I-T Dept from Reassessing NuPower Accounts
11 Jan

The Supreme Court has disallowed the income tax department’s bid to reassess the accounts of Deepak Kochhar-owned NuPower Renewables to investigate an ...

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Moody’s Slashes FY20 Growth Forecast to 5.8%
11 Jan

Ratings agency Moody’s Investors Service has cut India’s economic growth forecast for 2019-20 to 5.8% from 6.8% saying the country now faces a broad-b ...

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Govt orders biggest review of GST since its launch
11 Jan

Two years after its launch, the Union government has begun the biggest review of GST—including a possible resetting of rates along with a scrutiny of ...

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Will amend laws to better regulate co-op banks: FM
11 Jan

FM , who met protesting depositors of the failed Punjab and Maharashtra Cooperative (PMC) Bank in Mumbai on Thursday, said that the government is cons ...

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GST a major cause of slowdown, says PMEAC chairman
11 Jan

The Centre will miss the fiscal deficit target of 3.3% of gross domestic product set in the Budget for the current financial year, a top policy advise ...

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System does not protect common man’s savings
11 Jan

Coming out strongly in support of depositor protection, HDFC chairman Deepak Parekh on Thursday said there was no greater cardinal sin in fi ...

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Banks start linking loans to customers’ Risk Profile
10 Jan

Three public-sector lenders — Bank of Baroda, Union Bank of India and Syndicate Bank — have taken the first steps in transparently segregating retail ...

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IT firms building talent to woo Non-English markets
10 Jan

IT firms are looking to develop talent willing to learn languages other than English, to cater to non-English-speaking markets such as Japan and Germa ...

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Multiplexes may present a Strong Show Despite Weak Ad Revenue
10 Jan

Multiplexes are expected to report double-digit revenue and net profit growth for the September 2019 quarter (Q2) despite weakness in advertising reve ...

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Liquidity flow to Rs.2.7L-crore amid sluggish Consumption Demand
10 Jan

Liquidity in the banking system surged as much as Rs.2.7 lakh crore last Friday amid sluggish consumption demand even as it is creating a platform for ...

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Global slowdown impact pronounced in India: IMF
10 Jan

The largest emerging market economies like India are experiencing a pronounced effect of the global downturn, warning that the global economy is witne ...

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Google, FB may face tax in line with India business
10 Jan

Multinational enterprises (MNEs) such as Google, Facebook, Amazon and Netflix, which have a huge consumer base in several countries but no physical pr ...

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HDIL promoters used PMC loans to repay Bank of India
10 Jan

The Mumbai Police have told a local court that Housing Development and Infrastructure (HDIL) promoters had diverted ₹90 crore taken as loans from Punj ...

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Airtel raises $750 m via bond issue to lower its debt burden
10 Jan

Bharti Airtel has raised $750 million (₹5,325 crore) through subordinated perpetual security bonds issued by its wholly-owned subsidiary Network i2i L ...

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More items may face import curbs
09 Jan

The government has identified hundreds of products including electronics, toys, blankets and several daily-use items for possible “import substitution ...

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AI selloff process to start next month
09 Jan

The second attempt to privatise Air India is likely to kickstart next month. Before issuing the expression of interest (EoI), the government will this ...

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Luxury hotels bottle own water to cut plastic
09 Jan

Himalayan, Aquafina and Bisleri have an unfamiliar rival — hotel-produced bottled water.
Luxe lodging brands have started setting up plants to manu ...

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Time-Bound e-Bidding to Speed Up IBC Resolution
09 Jan

The government is actively considering introducing a short, time-bound, online financial bidding process in corporate insolvency cases to improve tran ...

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E-vehicles Li Battery Policy to incentive recycling entities
09 Jan

India is in the process of framing a recycling policy for lithium-ion batteries being used in electric vehicles and offer tax sops to recycling entiti ...

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Special loans planned being prepared to help state discoms clear Rs.72,862-cr dues
09 Jan

The government is considering extending special loans to state power distribution companies to help clear their rising dues to power generators. Disco ...

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IL&FS Law Firms Get SFIO Notices
09 Jan

The Serious Fraud Investigation Office (SFIO) has asked India’s top law firms and consultants to disclose all information they have on IL&FS, the ...

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Faceless e-assessment scheme for taxpayers launched
08 Jan

You may no longer need to interact with your quintessential assessment officer in person. Taking a big leap towards transparent tax administration, ...

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Employees' welfare need of the hour for new companies
08 Jan

Indian companies have a new agenda -- making sure employees, especially millennials, manage their finances better.

Myntra, Wakefit.co, big ...

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NCLT calls for Metalyst Forgings rebid
08 Jan

The National Company Law Tribunal’s (NCLT) Mumbai bench has ordered a fresh round of bidding for stressed auto forgings company Metalyst Forgings af ...

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Companies advertise Jobs through Instagram & Twitter
08 Jan

We often feel that youngsters are wasting their time on Instagram or Twitter, but we might want to correct ourselves. Because top information techno ...

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Financing of business drops by 87% in April-Sept 2019
08 Jan

While bank credit numbers have been weak in FY19, broader data released by the Reserve Bank of India (RBI) shows that financing of business shrunk 8 ...

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Companies gear up for lesser use of plastic in their business
08 Jan

While bank credit numbers have been weak in FY19, broader data released by the Reserve Bank of India (RBI) shows that financing of business shrunk 8 ...

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It’s Not All Turbulence for Luxury Goods Market
07 Jan

There are definite signs of a chill in sales this festive season, in line with the slowdown in India’s consumption engine. But there are brands and se ...

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Less is More: Plastic’s Part of KRA
07 Jan

Plastic is fast becoming part of the performance metrics for top management in consumer facing companies as they are evaluated on the product’s packag ...

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As Investors Get Market Savvy, More Opt for MFs’ Direct Plans
07 Jan

Investing in mutual funds without the aid of a distributor — or the direct mode — has shown pronounced improvement in the past five years. Total inves ...

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M-SIPS, Lower Tax Rate Boost for IT, Telecom Sectors
07 Jan

In a double bonanza of sorts for IT and telecom sectors, companies that have approvals under the M-SIPS scheme and start operations between October 1 ...

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FM to kick-start the exercise to prepare Budget for 2020-21 from Oct 14
07 Jan

The finance ministry will kick-start the exercise to prepare annual Budget for 2020-21 from October 14 which, among other thing, will have to address ...

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Banks will have to reclassify loans given to HDIL as fraud
07 Jan

Lenders to HDIL will have to classify their loans to the developer as fraud and will need to set aside more money for these advances in their balance ...

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Govt quietly repealed law, stage set for BPCL sell off
07 Jan

Ahead of a proposed move to fully privatise state-owned fuel retailer Bharat Petroleum Corp (BPCL), the government had quietly repealed the legislatio ...

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RBI looks to boost digital payments ecosystem
05 Jan

The RBI on Friday announced a host of measures to boost digital payments, including Nandan Nilekaniproposed Acceptance Development Fund (ADF) to pay f ...

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New home loan takers to gain instantly from rate cut
05 Jan

New home loan borrowers are set to immediately gain from the latest round of rate reduction by the RBI, but existing borrowers can get the benefit of ...

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Amazon, Flipkart’s e-sales share to rise
05 Jan

Amazon’s India unit and Flipkart, owned by US retail major Walmart, further cemented their control on the local online retail market. Both saw increas ...

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Ring gets loud as Jio favours 25 sec span and rival more than its double
05 Jan

The war of words over call ring spans has escalated between Reliance Jio Infocomm and the two older carriers — Bharti Airtel and Vodafone Idea — with ...

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HC Extends Order Restraining DHFL from Making Payments
05 Jan

The Bombay High Court has extended its earlier order that restrained Dewan Housing Finance Corporation (DHFL) till October 10 from making further paym ...

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Two Partners of NSEL Audit Firm Arrested by EOW
05 Jan

The Economic Offences Wing (EOW) of the Mumbai Police on Friday arrested Shrawan Jalan and Amit Kabra, audit partners of SV Ghatalia & Co, the sta ...

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Govt Plans Uniform Standards for Imported, Local Medical Devices
05 Jan

All imported and locally-made medical devices will have to meet certain standards of quality and efficacy to enter the Indian market. The government h ...

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Yes Bank soars 33% after clarity on pledged shares
04 Jan

Shares of Yes Bank rallied 33% on Thursday to close at Rs 42.6 on the BSE after a five-day fall. Shares gained after the bank CEO assuaged investors t ...

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Bot cos are creating millionaires
04 Jan

The numbers of bot millionaires, including in India, are rising rapidly as valuations of robotic process automation (RPA) firms like Ui-Path and Blue ...

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Flipkart, Swiggy-backer Accel eyes $700m fund
04 Jan

Venture capital (VC) firm Accel, one of the top startup investors in the country, is looking to raise $600-700 million for its sixth India fund at a t ...

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HDIL Promoters Wadhawans Arrested in PMC Bank Case
04 Jan

Rakesh and Sarang Wadhawan, the promoters of Housing Development and Infrastructure Ltd (HDIL), were arrested on Thursday in the first detentions over ...

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Sunil Mittal,Finance Minister keep doors open for Huawei
04 Jan

Two big twists were added over two days to the already complicated 5G-Huawei issue. On Thursday, Bharti Enterprises chairman and telecom heavyweight S ...

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Labour Ministry to Rejig Draft Social Security Code
04 Jan

The labour ministry will rework the draft social security code again, after the Prime Minister’s Office (PMO) pulled it up over the proposals that did ...

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Grant Thornton to Probe PMC Fraud
04 Jan

The government has roped in Grant Thornton to carry out forensic investigations into the fraud-hit Punjab & Maharashtra Co-operative (PMC) Bank, s ...

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Sunil Mittal Co to Lead Efforts to Revive CG Power
03 Jan

Bharti Enterprises founder and telecom czar Sunil Mittal along with a clutch of other institutional shareholders of fraud-hit CG Power & Industria ...

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Vehicle Scrapping draft norms to be out this month
03 Jan

Fast-tracking norms for creation of formal scrapping centres, the government will soon announce a voluntary vehicle scrappage policy to set out a clea ...

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I-T Dept Has to Quote DIN to Taxpayer
03 Jan

The Central Board of Direct Taxes (CBDT) has launched a computer-generated documentation identification number (DIN) system which provides for a trans ...

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Startup funding jumps 25% amid bubble fear
03 Jan

Capital flows to startups continued at an increased pace in the latest quarter as global investors carried on signing huge cheques for entrepreneurs b ...

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Cos opting for lower tax can’t set off built-up MAT credit
03 Jan

A circular issued by the Central Board of Direct Taxes (CBDT) on Wednesday dashed the hopes of those companies who wished to opt for the lower headlin ...

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Lenders voice concerns over maturing letters of credit by PMC Bank
03 Jan

Some banks have voiced their concern to the Reserve Bank of India (RBI) over the maturing letters of credit (LCs) issued by the failed Punjab & Ma ...

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PMC Bank’s loans to troubled realty firm HDIL under the lens
03 Jan

The Reserve Bank of India (RBI) is examining all large loans made by Punjab and Maharashtra Cooperative Bank (PMC), including to troubled real estate ...

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Airtel, Voda Idea Cut Ring Duration to Match Jio’s
02 Jan

Bharti Airtel and Vodafone Idea reduced the ring duration for outgoing calls from their networks to 25 seconds from 35-40 seconds to match that of Rel ...

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Ecomm Cos Hand Over Discount Baton to Brands
02 Jan

India’s top two ecommerce marketplaces, Amazon and Walmart-owned Flipkart, have steered clear of deep discounting and influencing prices of products i ...

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A Pullback Amid the Slide in Auto market
02 Jan

Passenger vehicle sales continued to slide in strong double-digits last month as uncertainty over GST rate cut on automobiles, weak market sentiment a ...

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Zomato Revenue Jumps 3-fold to $205 million from Last Year
02 Jan

Restaurant discovery and food delivery platform Zomato said on Tuesday that revenue for the first half of the ongoing financial year jumped over three ...

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HC Admits Indiabulls’ Plea Against PIL, Stock Gains 4%
02 Jan

The Delhi High Court on Tuesday admitted a plea by Indiabulls Housing Finance of alleged perjury committed by petitioner Prashant Bhushan, which helpe ...

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Govt May Impose Heavy Fines on Cos Violating Plastic Norms
02 Jan

Corporate heavyweights like HUL, Nestle, P&G, Samsung, LG as well as big F&B businesses may soon face a strict plastic usage regime. The gover ...

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Bank, NBFC woes wipe out 25% of sensex tax sop gains
02 Jan

Fears about the health of the NBFC sector, which in turn could impact the banking industry, pulled the sensex down by 700 points in late trades on Tue ...

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NBFCs back in favour, raise Rs.40k cr from banks in FY20
01 Jan

Banks have lent close to Rs 40,000 crore to finance companies during the first five months of the current fiscal as credit demand slipped, with credit ...

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RCap exits lending biz, stock dives to 20-yr low
01 Jan

Financial services company Reliance Capital (RCap) will exit the lending business, group chairman Anil Ambani said on Monday, sending its shares to an ...

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Bharti to Raise up to $1B More Via Overseas Bonds
01 Jan

Bharti Airtel plans to raise about $750 million (about Rs.5,300 crore) through the sale of overseas bonds to refinance debt and free up cash to invest ...

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Auto Cos Now Chasing Glory Abroad to Beat Blues at Home
01 Jan

The country’s two largest carmakers Maruti Suzuki and Hyundai Motor India are looking to revive their exports after years of neglecting that market to ...

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Spice Jet to Operate Jet Air’s Four Being 737 MAXs Upon Clearance
01 Jan

SpiceJet on Monday said that it will also be operating Jet Airways’ four Boeing 737 MAXs, once the regulators allow operation of these aircraft, which ...

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Cos Looking to Channelise CSR Spend into Research
01 Jan

Companies such as Larson & Toubro, Schneider Electric India, Dabur and ITC are looking at funding key research works in top institutions in the wa ...

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Domestic Natural Gas Price Falls 12.5%; May Hit Producers’ Profit
01 Jan

Domestic natural gas price fell 12.5% and the price cap for gas from difficult fields declined 9.5% in the six-monthly revision on Friday, in line wit ...

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RBI may cut repo rate by 25bps despite fiscal risk
30 Jan

 RBI is widely expected to cut rates by at least 25 basis points despite concerns over fiscal deficit, oil prices and food inflation. The expecta ...

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Govt eyes Rs. 30k cr RBI interim dividend
30 Jan

The government may seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of the financial year to meet its fiscal deficit tar ...

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PMC Bank has Rs.6,500cr or 73% exposure to bankrupt HDIL
30 Jan

Suspended MD of  Punjab and Maharashtra Cooperative (PMC) Bank Joy Thomas has reportedly admitted to the RBI that the bank’s actual exposure to t ...

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15% Tax: Contract Manufacturing Eligible for Benefit
30 Jan

New contract manufacturing outfits can avail of the 15% corporate tax scheme but companies that opt for the 22% tax regime won’t be eligible for accum ...

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Plan to Turn Part of DHFL Debt into Equity
30 Jan

Lenders may convert part of Dewan Housing Finance Corp. Ltd’s debt into 51% equity while nonbank entities such as mutual funds face losses of 40% or m ...

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Indianbulls - LVB merger : Chairman won’t be on board, if RBI wishes
30 Jan

The Indiabulls Group, which is actively chasing its merger with Lakshmi Vilas Bank, has indicated that if the Reserve Bank of India (RBI) wishes, then ...

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Regulators Can’t Rejig Bid-based Tariffs: Aptel
30 Jan

The electricity tribunal has ruled that state regulators cannot alter tariffs determined through competitive bidding, which would have implications fo ...

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In a first, resolution professional to chair AGM of Anil Ambani group firm
30 Jan

A resolution professional will chair and address the shareholders of the Anil Ambani-run bankrupt Reliance Communications at the annual meeting with s ...

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Phone Retailers Call Govt to Block Predatory Pricing
28 Jan

Brick-and-mortar retailers have urged the government to curb the practice of etailers forging exclusive tie-ups with smartphone makers and offering lo ...

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DHFL Offers to Repay Investors in Full, But Seeks Nod for ICA
28 Jan

Dewan Housing Finance Corporation (DHFL) has offered to repay investors in full without any haircut over a period of time but has sought their consent ...

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India may Cut Duties on 80% of Chinese Imports Under RCEP
28 Jan

India may cut or eliminate tariffs on 80% of products imported from China under a 16-country free trade agreement, the last round of negotiations for ...

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Fuel costlier by Rs.2.5/Litre since Saudi attacks
28 Jan

Domestic rates of petrol and diesel have risen by Rs.2-2.5 per litre in a fortnight since the drone attack on Saudi oil facilities sent international ...

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Myntra Ropes in Local Tailors to deliver & alter clothes at your Doorstep
28 Jan

Returning clothes bought online is not only an unnecessary burden for customers, but it is also a huge business loss for etailers. To address this iss ...

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Hotels gear up to remove plastic usage
28 Jan

A couple of years ago, ITC Hotels conducted a study to map the plastic items in use across hotels. While they had already done away with use of single ...

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RBI, auditors missed years of violations, says ex-PMC chief
28 Jan

The RBI inspection completely missed both violation of exposure norms by Punjab & Maharashtra Cooperative Bank (PMC) and non-classification of its ...

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MFs can’t enter into standstill pacts, says Tyagi
27 Jan

India’s capital markets regulator said that mutual funds can’t enter into any kind of ‘standstill agreement’ with their borrowers, reiterating the pri ...

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Jio Increases ring duration by 5 Secs
27 Jan

Reliance Jio has increased to 25 seconds the ring duration for outgoing calls from its network. But Bharti Airtel and Vodafone Idea are not pleased wi ...

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RBI panel suggests longer-term repo operations to manage liquidity
27 Jan

RBI study group has recommended sticking to the current liquidity mechanism that aims to ensure overnight call money rates remain as close as possible ...

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BoB estimate to save Rs. 9.5k-cr from merger
27 Jan

Bank of Baroda (BoB) estimates that it will save Rs 9,500 crore through cost rationalizations, sale of overlapping assets and revenue synergies with t ...

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Heavily-leveraged Metal Cos unlikely to gain from Tax Cut
27 Jan

Metal stocks are unlikely see any major run-up after the corporate tax cuts as they are not expected benefit in the short term. Most of the metal comp ...

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Pvt banks, finance entities see no problem of liquidity: FM
27 Jan

Private sector banks have said that there is no problem of liquidity and enough demand for loans exists, FM Nirmala Sitharaman said on Thursday, while ...

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SAT junks ITC plea against Brookfield, Leela deal
27 Jan

Canadian real estate investor Brook field has moved a step closer to buying Hotel Leela venture’s assets after the Securities Appellate Tribunal (SAT) ...

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A Rs. 3cr Lamborghini SUV sells every week
26 Jan

At a time when the larger Indian auto market passes through one of its worst slowdowns in history, the super-luxury market appears to be driving stead ...

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Zee’s Chandra gets 6 months more from MFs, NBFCs
26 Jan

Media mogul Subhash Chandra has got some more time to settle loans after lenders agreed to extend the September 30 repayment deadline. Thoug ...

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Maruti Passes on Corporate Tax Cut Gains, Slashes Prices by ₹5k
26 Jan

The country’s largest carmaker Maruti Suzuki on Wednesday cut prices of select models by ₹5,000 to share the benefits of the reduction in corporate ta ...

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Hero MotoCorp Aiming for 10% Growth in Festive Sales
26 Jan

Hero MotoCorp, India’s largest two-wheeler manufacturer, is eyeing sales growth of 10% in the upcoming festive season even as the industry continues t ...

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UNCTAD sees India growth moderating to 6% in 2019
26 Jan

The United Nations Conference on Trade and Development (UNCTAD) has forecast India’s growth to moderate to 6% in 2019 from 7.4% in 2018 due to lower-t ...

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Stocks fall on President Trump’s Impeachment Concerns
26 Jan

Indian stocks Wednesday mirrored the weakness in global equities triggered by an impeachment probe into US President Donald Trump, even as the lack of ...

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Sachin Bansal Ventures into Financial Services
26 Jan

Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Ser ...

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Oil declines as Saudis restore capacity much faster than Schedule
26 Jan

Oil extended declines as Saudi Arabia was said to be ahead of schedule in restoring its output capacity.Futures lost as much as 2% in New York after d ...

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RBI Puts Curbs on PMC Bank, Caps Withdrawals at Rs.1,000
25 Jan

The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdr ...

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Tax Cuts may Bring Little Cheer to Auto Inc, None at Dealerships
25 Jan

Mumbai stocks have soared , bringing the so-called ‘animal spirits’ back to an equities market that was apparently sinking into coma. Auto stocks, whi ...

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Slashing corp Tax A Bold, Positive Step: Das
25 Jan

Reserve Bank of India governor Shaktikanta Das said the government’s move to slash corporate tax rates has made India a very attractive destination fo ...

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Reviewing 59-Min Loan Scheme to Boost Efficiency: Gadkari
25 Jan

The government is reviewing the 59-minute loan scheme launched last year for the benefit of micro, small and medium enterprises (MSMEs) to make it mor ...

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Funding Pressures May Weigh on Acquiring Banks in Mega Merger
25 Jan

Canara Bank, Union Bank of India and Punjab National Bank (PNB), the acquiring banks in the mega mergers announced by the government last month, could ...

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Tax sops perk up equity MF NAVs
25 Jan

Nearly 3,000 points (8.3%) to the sensex has also made mutual fund (MF) investors rich. Between Friday and Monday, the net asset values (NAVs) of a la ...

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Insurers can change rates by up to 15% without IRDAI nod
25 Jan

Regulator IRDAI has permitted insurance companies more freedom in revising rates. Insurers can now increase or decrease premiums by 15% depending on t ...

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Stimulus will Reverse Slowdown: Niti VC
24 Jan

The Rs.1.45 lakh crore fiscal stimulus rolled out last week will help reverse the economic slowdown and give a push to consumption, Niti Aayog vice ch ...

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Another Shot for MSMEs to Reclaim Bankrupt Cos
24 Jan

Promoters of micro medium and small enterprises (MSME) going through insolvency proceedings can take another shot at running their companies, based on ...

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PwC India to Challenge ED’s Penalty
24 Jan

PricewaterhouseCoopers (PwC) India is challenging the ₹230 crore fine slapped by Enforcement Directorate (ED) for allegedly violating various provisio ...

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Thomas Cook collapses, leaves 6L tourists stranded, 22,000 jobless
24 Jan

Thomas Cook, the world’s oldest travel company, collapsed on Monday, leaving some 6,00,000 holidaymakers stranded across the globe and sparking the Br ...

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Insider trade: Aurobindo, promoters fined ₹23cr
24 Jan

Markets regulator Sebi on Monday fined domestic pharma major Aurobindo Pharma (APL), along with its promoters and related entities, Rs 22.7 crore in a ...

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Maruti may cut prices, others don’t see scope
24 Jan

Maruti Suzuki is considering vehicle price revisions following the cut in corporate tax rates, though Hyundai, Toyota and Honda have said that existin ...

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Smaller, cheaper flats to revive housing demand, says Parekh
24 Jan

At a time when the real estate market is in a slump, half a dozen affordable housing projects financed by HDFC’s $1.1-billion real estate fund have so ...

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RBI Likely to Temper Rate Cuts
23 Jan

The RBI may cut the benchmark rate by up to a quarter percentage point in October against an anticipated 25-40 basis points after FM announced a host ...

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Expect No Slump in Govt Spends, Says Sitharaman
23 Jan

Finance minister Nirmala Sitharaman has ruled out any cutback in expenditure, allaying apprehensions sparked by hefty corporate tax rate cuts, and sai ...

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Realtors See Hope in Ready Homes
23 Jan

The preference for ready-to-move-in apartments in the backdrop of fears over deliveries is forcing realty developers to tweak their offerings to attra ...

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DoT Seeks Unique Codes of India-made Handsets
23 Jan

The Department of Telecommunications (DoT) is asking handset makers who are manufacturing in India to provide the unique identification numbers of the ...

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More Stocks, Discounts Returning to Shop Shelves
23 Jan

Consumer goods companies and retail chains are planning to loosen purse strings to attract customers after the government slashed corporate tax rates ...

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Apple’s India move will set example for investors: FM
23 Jan

FM Nirmala Sitharaman said that any move by US electronic giant Apple and its ecosystem to move some of their manufacturing to India would b ...

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CARE downgrades RCap to ‘default’
23 Jan

Reliance Capital (RCap), with a debt of about Rs 35,000 crore across the group, has been downgraded to ‘default’ rating by CARE Ratings because of a d ...

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Tax Cut for New Plants to Lure MNCs Looking Beyond China
21 Jan

With a lower tax rate for new manufacturers, the government is looking to attract investment flowing out of China following its trade dispute with the ...

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Handset Makers Expect Lower Taxes to Give Fillip to R&D, Manufacturing
21 Jan


Consumer electronics and handset makers such as LG, Xiaomi, Dixon Technologies and OnePlus said Friday’s tax cuts will boost investments into the ...

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MFs Look To Ride India Inc’s Rising Earnings
21 Jan

Mutual fund (MF) managers are betting on a revival in the economy from the government’s tax incentives to bring in investors at a faster clip. Over th ...

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Buyback exemption: Cos get ₹7k-cr relief
21 Jan

Listed companies that have announced share repurchase programmes before July 5 of this year could save over Rs 7,000 crore in taxes as the government ...

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Implication of tax cuts
21 Jan

1)  Cuts in corporate tax rates from (30%+surcharge+cess) to 22% for domestic  Cos  i.e. 25.17% effective  tax rates .
2 ...

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Trai Sounds Out Plan for 11-Digit Mobile Numbers
21 Jan

 Telecom Regulatory Authority of India (Trai) has sought views on the need for a change in the numbering scheme for both mobile phones and landli ...

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IIFL Wealth Lists at ₹1,200, Beats Estimates
20 Jan

Shares of IIFL Wealth and Asset Management, the demerged entity of IIFL Holding, listed at $1,200 on the BSE, beating analyst expectations of $900- $1 ...

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SEBI tells LIC to trim NSE Stake
20 Jan

The market regulator has asked Life Insurance Corporation to trim its stake in National Stock Exchange by 5%, as the state-run insurer’s acquisition o ...

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Tax Sops May Push Personal Users to Opt for Electric Vehicles
20 Jan

Electric vehicles aren’t a roaring success with car buyers just yet but Tata Motors, the maker of Tiago and Tigor compact cars, believes tax incentive ...

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Ahead of Festive Season, PSBs to go on Lending Spree
20 Jan

In a bid to push credit before the festival season and revive growth, the government has asked state-run banks to hold open houses in 400 districts of ...

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IL&FS Begins Repaying Creditors
20 Jan

Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has started repaying the creditors of three group entities, with outstanding clai ...

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Social safety net for gig workers proposed
20 Jan

The draft Code on Social Security has proposed that the Centre may formulate social security schemes for gig workers and include life and disability c ...

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Worst FMCG Show Likely in 15 Years
19 Jan

India’s consumer goods industry could post its slowest pace of revenue growth in a decade and a half this financial year, Credit Suisse said, even as ...

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Ashok Leyland, Tata Motors, TVS Likely to Gain Most From GST Cut
19 Jan

Auto stocks have gained 6-11% in the past month on hopes of a possible cut in taxes during the GST Council meet on September20. However, selecting the ...

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Central Body May Soon Control ₹ 10L-Cr EPFO Corpus
19 Jan

 labour ministry has proposed to hand over control of the over ₹10 lakh crore corpus of provident fund, pension and insurance schemes under the E ...

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Govt will reduce provisions to prosecute under Cos Act
19 Jan

The government is all set to further reduce the provisions that attract prosecution for violation of the Companies Act, while looking to introduce a s ...

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NCLAT orders review of McD’s-Bakshi settlement
19 Jan

The National Company Law Appellate Tribunal (NCLAT) on Wednesday said it will review the settlement between food major McDonald’s and its estranged In ...

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Centre firms plan to grade state roads
19 Jan

The government is readying a plan to identify state roads that will be declared as national highways as it embarks on a massive upgrade of the road ne ...

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CCI keep close eyes on Ecomm deep discount
18 Jan

India’s competition regulator is closely watching the issue of deep discounting by ecommerce players as it gears up to deal with possible anti-competi ...

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Unique ID Number for Landholdings Soon
18 Jan

India will soon start issuing unique numbers for landholdings as part of an exercise expected to bring transparency and end dubious land ownership.
...

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Ecomm Cos Go the Extra Mile to Ramp up Delivery Network
18 Jan

Ecommerce players are scrambling for delivery staff as they gear up ahead of what is the most crucial Diwali in years.
With the two largest online ...

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Startups Seek Change in Listing Requirement
18 Jan

A clutch of India’s most richly valued consumer internet companies will soon petition the country’s market regulator for a revision in rules that gove ...

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Plastic Water Bottles will Stay Till Substitute Found
18 Jan

The government will not ban use of plastic bottles for water unless there is a practical and affordable alternative available.
The government was e ...

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Maruti’s Aug mkt share at 26-mth low
18 Jan

Maruti Suzuki, which makes every second car sold in India, has been hit harder by the slowdown than most passenger vehicle manufacturers. According to ...

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Fuel prices may feel the heat of flaring Crude
17 Jan

Crude oil jumped 10% on Monday, raising prospects of higher domestic fuel prices, while the government expressed confidence that supplies to Indian re ...

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New Policy to Supercharge Handset Making
17 Jan

An interministerial panel set up by the Prime Minister’s Office (PMO) to develop India as a hub for electronics exports will release its policy, focus ...

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Govt Expects 30% Increase in Export Credit by March
17 Jan

The government expects a 30% rise in export credit disbursals by the end of 2019-20 through greater insurance coverage of exporters and easier inspect ...

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Budget to keep eye on states’ fiscal health
17 Jan

 Nirmala Sitharaman gets down to preparing her second Budget, she will keep an eye not just on the Centre’s fiscal situation but also the co ...

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Delivery execs go on strike after Zomato cuts payouts
17 Jan

Zomato  Executives hit the streets protesting the company’s new incentive structure, which offers less money per delivery. Zomato has a ...

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IIT Delhi turns focus on industry-led research
17 Jan

The Indian Institute of Technology Delhi (IITD) is focusing on more industry-led research as part of a strategic shift aimed at improving its domestic ...

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Economy will take time to recover as consumer post pone buys
16 Jan

Consumer spending on online shopping sites is estimated to be down by about a fifth in the first half of the year to June as etailers have cut discoun ...

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Maruti's own strengths proving to be its undoing
16 Jan

 The first seven days of the current month have already seen retail sales of vehicles drop 31% compared with the year-ago period, an indication t ...

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Draft Guidelines for Carpooling Firmed Up
16 Jan

The road transport ministry has firmed up draft guidelines for ride-sharing by private car owners, which will mandate KYC for users and limit the maxi ...

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New Models Help M&M, Hyundai drive up market share
16 Jan

New model launches through a broader slowdown have helped India’s no. 2 and 3 passenger vehicle makers — Hyundai and Mahindra & Mahindra — increas ...

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Default row: Banks ‘mustn’t go solo’
16 Jan

SBI chairman Rajnish Kumar has cautioned lenders against undertaking “selfish steps” without coordinating with other creditors involving a c ...

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Hyundai, Kia to invest in Ola Electric
16 Jan

Ola Electric Mobility, an arm of the ridehailing major, will raise capital from South Korean automotive giants Hyundai and Kia, according to a filing ...

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Altico Default Sends MFs, Banks Scurrying for Cover
14 Jan

Banks and mutual funds scrambled  to contain the fallout of the default by Altico Capital, with investor attention turning to non banking finance ...

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Cash Crunch Sends PSUs on an Austerity Drive
14 Jan

State-run firms are enforcing austerity measures such as ending leave encashment and penalising nonperformers with salary cuts, particularly in loss-m ...

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Power Pacts Can’t be juncked But Renegotiation Needed:
14 Jan

Andhra Pradesh government has told in the high court it has realised that renewable power contracts with developers cannot be terminated and was embar ...

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Not Obliged to Accept Centre’s Nominal GDP Numbers: Finance Commission
14 Jan

The Finance Commission could have its “own independent judgement” on growth projections as it finalises the formula for devolution of funds to states ...

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JSW ssteel moves NCLAT for BPSL claims immunity
14 Jan

JSW Steel has moved the appellate tribunal to seek immunity from future claims arising from the investigations for alleged money laundering frauds at ...

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Imports dip for 3rd month in a row
14 Jan

India’s exports in August fell for the second time in three months, while imports declined for the third straight month, indicating weak demand in the ...

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Factory output grows 4.3% in july
13 Jan

Industrial growth picked up pace in July, providing some relief to a government battling to revive the slowing economy and deteriorating consumer sent ...

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Share of Sugar Cos surge due to export aid, rise is ethanol use
13 Jan

Sugar producers have outperformed the broader stock market in the past one month, on expectations that the industry’s prospects would improve followin ...

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Sub-4% Forex credit to exporters, easier loans soon
13 Jan

The government will soon come up with schemes to offer exporters loans, including foreign exchange credit, at less than 4% interest rate, and enhance ...

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Crackdown finds Rs.470 cr fake GST refund claims
13 Jan

: In a massive nationwide search operation carried out on exporter & their supplier covering 336 locations , nearly 1,200 officers from the Direct ...

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Maruti Suzuki may continue with large diesel cars post BS-VI rollout
13 Jan

 Maruti Suzuki India, may not completely phase out diesel passenger vehicles after stricter Bharat Stage VI emission norms kick in next year.Maru ...

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Govt. unlikely to offer GST concession to auto Cos
13 Jan

 The government is unlikely to offer GST concessions to the auto sector as it believes that the current slowdown is the result of higher growth i ...

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RIL-BP to kick off Indian's 1st gas e-auction next th
13 Jan

India’s natural gas market will witness its first e-auction next month when Mukesh Ambani-led Reliance Industries Ltd and its partner UK energy major ...

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Premji Sells $ 7,300 Crore Shares in Wipro Buyback
12 Jan

Azim Premji and the promoter group of Wipro Ltd have sold stock worth over a billion dollars (₹7,300 crore) in the buyback programme announced by Indi ...

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Govt Refuses Airlines’ Plea for More Bilateral Rights
12 Jan

The Narendra Modi government is set to continue in its second term the policy of not increasing foreign flying rights with countries in West Asia and ...

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NDR Infra Plans to Invest ₹5k cr in Warehousing
12 Jan

Chennai-headquartered warehousing company NDR Infrastructure plans to monetise over 3,000 acres of land parcels across major cities to beef up its por ...

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Uber Lays off 435 to Stem Losses
12 Jan

Uber Technologies is dismissing 435 employees, the second major staff cut this summer, as the company faces mo- unting losses and a declining stock pr ...

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JioSaavn Gets Moving with ₹ 140cr from Parent
12 Jan

Music-streaming service JioSaavn has received a capital infusion of ₹140.35 crore from parent Reliance Industries, according to documents sourced by b ...

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Colgate, GSK Pharma, Honeywell and Sanofi Continue Their Outperformance
12 Jan

Nestle, Abbott, and Bata are among a couple of dozen MNC stocks that have bucked recent bouts of volatility in Mumbai equities, pointing to further ou ...

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Domestic Flyers’ Data on Natgrid Radar
11 Jan

The National Intelligence Grid (Natgrid) has asked the aviation ministry and the industry regulator to furnish data on domestic passengers flown by In ...

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Mark-to-Market Valuation Likely for All Debt Securities
11 Jan

Investors in mutual fund debt plans, especially liquid schemes, may have to brace for more uncertainty with regard to returns as the Securities and Ex ...

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HDFC may Link Rates to External Benchmarks
11 Jan

Housing Development Finance Corp (HDFC Ltd), the country’s largest mortgage lender, is considering a plan to link interest rates to external benchmark ...

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Guj Cuts Traffic Fines Under New MV Act
11 Jan

The Gujarat government announced the implementation of the Motors Vehicles (Amendment) Bill, 2019 in the state with some relief in penalties on Tuesda ...

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Airtel Signs up Leo Burnett in Marketing Push
11 Jan

Telecom major Airtel has added ad agency Leo Burnett to its roster of agencies. Leo Burnett will handle the B2B and B2C services for the brand which i ...

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Car Sales in Aug Fall the Most in 2 Decades
10 Jan

India’s passenger vehicle sales declined the most in two decades in August due to a continuing slump in demand amid slowing economic activity and an i ...

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Telcos Face Another Hit, may Have to Pay $ 41,000 cr More as Spectrum Charges
10 Jan

India’s telcos are staring at shelling out almost ₹41,000 crore as additional spectrum usage charges if a case on the definition of adjusted gross rev ...

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Morgan Stanley Lowers Price Targets on NBFCs with Real Estate Exposure
10 Jan

Morgan Stanley has cut its price targets on shares of lenders with real estate exposure including Edelweiss, Indiabulls Housing, LIC Housing and PNB H ...

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PV Sales Can Grow in Double Digits in FY21
10 Jan

Passenger vehicle sales would revive faster as the price hike for BS-VI petrol version for this segment will be the least.
 Investors are expe ...

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SBI Cuts Deposit, Lending Rates
10 Jan

State Bank of India has cut its fixed deposit rates for the second time in a fortnight, after pressure from the government and the RBI to align lendin ...

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Nissan CEO to Resign After Overpayment Scandal
10 Jan

Nissan Motor CEO Hiroto Saikawa will resign on Sept. 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpa ...

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Indigo, Vistara eye jet rights for London flights
09 Jan

Vistara and Indi-Go are vying for the flying rights of grounded Jet Airways for the lucrative London route. Both airlines have informed the aviation m ...

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Auto Component Cos Put $2-b Investments on Hold
09 Jan

The slowdown has forced the Indian auto component industry to hold at least $2 billion (about ₹14,330 crore) investment planned for this year.
Inve ...

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Infiniti to Raise $750 crore from Tata Sons for Croma Expansion
09 Jan

Infiniti Retail, the Tata Group’s smartphone and electronic retailing business which owns the Croma stores, plans to raise ₹750 crore from the holding ...

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‘Lenovo Could Make India a Mobile Manufacturing Hub’
09 Jan

Lenovo, the world’s largest personal computer maker, said India could become one of its global manufacturing hubs at a time when it is in the cross fi ...

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SBI all Set to Sell 6.6% Stake in Life Insurance Arm
09 Jan

The country’s largest lender State Bank of India is set to sell 6.6% stake in SBI Life that would boost its capital position as well as help its insur ...

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Finance minister asks infra ministries, PSUs to step up spending
07 Jan

With the private sector holding back investment in creating additional capacity, the finance ministry sought to push the country’s top public sector c ...

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Top e-tailers plan to cut commissions
07 Jan

Online retail majors Amazon India and Flipkart have reached out to a select set of top sellers. The e-tailers have said they are willing to let go of ...

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Fasten Your Seat Belts: Big Auto Slowdown Sale is Here
07 Jan

Car, two-wheeler and truck makers have raised discounts to the highest levels in recent years as they look to perk up demand during the festive season ...

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ED questioning Naresh Goyal
07 Jan

The Enforcement Directorate (ED) grilled Jet Airways founder Naresh Goyal for more than seven hours on Friday, two weeks after it had searched about a ...

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EPFO in talks with NHAI to enhance funding for highways
07 Jan

Retirement fund body Employees’ Provident Fund Organisation (EPFO), which burnt its hands with investments in IL&FS and Dewan Housing Finance Corp ...

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Banks worry funds freeze may affect ops at DHFL
07 Jan

As a resolution continues to evade DHFL, banks that have purchased loans from the troubled housing finance company are concerned that its operations m ...

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External benchmarks may not bring down loan rates
06 Jan

Home, auto and personal loan rates may not fall sharply as expected after the RBI’s directive as bad debt-laden banks strive to protect profitability ...

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NCLT clears JSW bid for Bhushan power & steel
06 Jan

An Indian bankruptcy tribunal approved JSW Steel Ltd.’s $2.7 billion bid for Bhushan Power & Steel Ltd., making it the second asset the steel make ...

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Auto sector slowdown is cyclical , but may be protracted this time
06 Jan

ET Intelligence Group: Is the current downturn in the auto sector cyclical or structural? The sector’s volume data over the past two decades suggests ...

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NHAI to raise over Rs. 85K Cr. via asset recycling: Gadkari
06 Jan

The National Highways Authority of India (NHAI) will rely largely on asset monetisation to fund its road construction work and plans to raise more tha ...

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PPF, NSC rates may be lowered after RBI move
06 Jan

The government may be forced to lower interest rate on small saving scheme such as PPF and NSC when it revive them at end of month as they are not in ...

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SBI to review deposits ,rejig repo-linked loan
06 Jan

SBI will review its existing repo rate-linked home loan following the RBI directive that all retail loans should be linked to an external benchmark. T ...

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Demand Down, Govt Seeks Solution in New GST Math
05 Jan

 Ahead of the crucial Goods and Services Tax (GST) Council meeting on September 20, the finance ministry has begun crunching the numbers to estim ...

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India to Go Ahead with $3.1b US Deal for Maritime Patrol Aircraft
05 Jan

India is set to go ahead with a $3.1-billion deal with the US to acquire maritime aircraft for the Navy that will add to its surveillance capabilities ...

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Amazon Coming Offline with Basics First and Hits Later
05 Jan

Amazon is entering offline retailing in India to create an integrated shopping experience for consumers across e-commerce and brickand-mortar stores a ...

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Volkswagen Ready to Bring CNG Cars to India if Govt Policy Helps
05 Jan

 Volkswagen is considering CNG as an alternative fuel for the near future before mobility technology eventually transitions to electric.
If th ...

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Wipro bags $300m deal from ICICC for digital pay
05 Jan

Wipro has received a long-term $300 million contract from ICICI Bank to provide digital technology-led servicesThe company said that it has secured a ...

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High Yields, Rate-cut Hopes Draw FPIs to Bond Market
05 Jan

Overseas investors may be selling down Indian equities, but the high yields on bonds and a probability of accelerated interest rate cuts are drawing t ...

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Maruti to roll out CNG models of all small car
03 Jan

Maruti Suzuki will make all the small cars in its portfolio available in CNG variants to reduce dependence on imported oil and cut down on vehicular p ...

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Manufacturing at 15-Mth low ; core sector sees muted growth
03 Jan

Manufacturing activity in India slumped to a 15-month low in August as sales slowed, forcing factories to cut back on production, a private survey sho ...

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V-Mart to hire 2000, investRS. 115 Cr in FY20
03 Jan

Value fashion and lifestyle products retailer V-Mart Retail would hire 2,000 people and invest Rs 115 crore this fiscal to expand its footprint, a top ...

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Airtel Xstream enters fray ahead of Jiofiber launch
03 Jan

Airtel has launched Xstream Box and Xstream Stick in India to counter JioFiber broadband services that will go commercial from September Reliance ...

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Tax filling may increase 10% by march -end :Govt.
03 Jan

The government is hoping for a 10% jump in tax returns filed by the end of March as many individuals who did not make their annual filings by the Augu ...

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Tata steel to shut non-core biz in UK,hit 400 jobs
03 Jan

India's Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs.The ...

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Many Cos under RBI, ED lens for 'round tripping'
02 Jan

The Reserve Bank of India and the Enforcement Directorate are investigating several companies that have received investments from their foreign subsid ...

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Fairfax to invest $5 Billion more in India in next 5years
02 Jan

Billionaire investor Prem Watsa proposes to invest another $5 billion in India in the next five years, doubling what he’s put in thus far, and says th ...

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Ecomm may face a repackaging challenge
02 Jan

Ecommerce companies such as Flipkart, Amazon and BigBasket will have to find alternatives to single-use plastic, as the government is likely to restri ...

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Kedaara eyes Lenskart stake at $1b valuation
02 Jan

Kedaara Capital is in talks to buy shares in omni-channel eyewear retailer Lenskart through a secondary deal, valuing the company at $1 billion.For Le ...

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Centre puts curbs on imports of Agarbatti
02 Jan

The Centre has come to the rescue of India’s domestic ‘agarbatti’ or incense stick industry by bringing in an amendment to the import policy. The ...

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Tourism earnings dip with a fall in traveller spending
02 Jan

India’s foreign exchange earnings through tourism declined in the first half of this year with a muted growth in the number of India-bound tourists, c ...

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49L filings on Aug 31 push I-T returns for year to record 5.65 Cr.
02 Jan

A record 5.65 crore income tax returns were filed up to Saturday, the extended deadline for the annual filing, suggesting that more individuals are no ...

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Big banks mergers : Govt. turns 10 PSBs into 4
31 Jan

India announced an extensive consolidation of state-owned banks that will see 10 of them being merged to form four bigger lenders to strengthen a sect ...

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DHFL board okays plan to convert debt into equity
31 Jan

Crisis-hit Dewan Housing Finance (DHFL) board had approved a plan that included converting debt into equity, even as it seeks to sell assets and raise ...

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2 % TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept
31 Jan

The revenue department said the 2 % tax deduction at source (TDS) on cash withdrawals of over Rs 1 crore will come into effect from September 1.
Th ...

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Non residents, Not-ordinary residents in tax tangle : Experts
31 Jan

Tax experts have questioned the mandatory requirement for disclosure of unlisted equity shares in foreign companies by non-residents and not-ordinaril ...

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Automakers bank on buyback option
31 Jan

No hassle and no fear that the car won’t sell after three years. And there is this ease in returning the car to the manufacturer in the buyback scheme ...

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Voda Idea looks to ring-fence users with Rs. 20 recharge
31 Jan

Vodafone Idea (VIL) has lowered its minimum recharge plan threshold to Rs 20, from Rs 35, in the first major change in strategy by new CEO Ravinder Ta ...

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Google reveals years-long 'indiscriminate' iphone hack
31 Jan

Google security experts uncovered an "indiscriminate" hacking operation that targeted iPhones over a period of at least two years and used websites to ...

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Govt. planning to get off Air India, bag and baggage
30 Jan

The government wants to exit fully from Air India as it embarks on another effort aimed at divesting the loss-laden carrier after a plan to sell a 76% ...

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E-Marketplaces told to upload FDI compliance details
30 Jan

The government  asked ecommerce marketplaces such as Amazon and Walmart-owned Flipkart to upload on their websites reports from their statutory a ...

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Automakers out to drive sales in festival season
30 Jan

Vehicle makers are pulling out all the stops in a bid to make the most during the festive season, amid a crippling slowdown in the local market.  ...

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Retail Cos loosen purse strings to Woo consumers
30 Jan

India’s retail chains are set to increase their marketing and promotional expenditure for the festive season shopping starting next month in an attemp ...

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Systemically important NBFCs to come under tighter RBI scrutiny
30 Jan

About 275 systemically important non-bank lenders, which would include entities from the Shriram Group and the Bajaj twins, will face tighter central ...

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RBI transfer to boost economy: ADB President Nakao
30 Jan

 ADB President Takehiko Nakao  said the transfer of ₹1.76 lakh crore surplus from the RBI to the government is an "appropriate policy" and h ...

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After Incentives to Perk up economy , Red carpet for FDI
29 Jan

India opened its doors further to foreign direct investment (FDI), diluting the stringent condition of local sourcing for single-brand retail, in cont ...

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Flipkart takes Nautic online with India pact
29 Jan

 Flipkart Group has inked a pact with Authentic Brands Group that grants the Walmart-owned company licensing and distribution rights in India for ...

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Indigo disputes : Promoters smoke peace pipe but no recalling plaints
29 Jan

IndiGo’s feuding promoters may have decided to bury the hatchet and agree on common goals for the airline, but the complaints filed with the market re ...

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Booster dose for Auto sector to lift affordable housing
29 Jan

The government’s slew of measures to revive various sectors, including the automobile industry, isn’t just a booster shot for these industries’ stakeh ...

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RBI's undeclared NBFC review akin to banks
29 Jan

Reserve Bank of India (RBI) Governor Shaktikanta Das may have ruled out an Asset Quality Review for NBFCs, but an ongoing central bank inspection of t ...

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Cost of EVs tomatch combustion cars in 3-4 yrs: Kant
29 Jan

Amitabh Kant said that the cost of electric vehicles will almost become at par with combustion engine cars in the next 3-4 years, largely owing t ...

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Govt. to decide how funds from RBI will be used :FM
28 Jan

Finance Minister said the government was yet to decide how it would use the funds it is going to get from the Reserve Bank of India.Sources in the gov ...

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Easier Foreign fundraising for Unlisted firms
28 Jan

Unlisted Indian companies could soon find it easier to raise capital overseas through depository receipts. SEBI  is planning a liberalised regime ...

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FPIs set to return, but only a few of their favourites will rally this time
28 Jan

The rollback of the tax surcharge has put the focus back on FPI favourite stocks, which are looking for some respite and rebound after a relentless se ...

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IndiGo to investors: Related-party deals small, and at arm's length
28 Jan

InterGlobe Aviation’s management sought to assure shareholders that the issue of related-party transactions at the operator of IndiGo airline wasn’t a ...

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Maruti to invest in new products, expansion despite the downturn
28 Jan

Maruti Suzuki chairman RC Bhargava said despite the downturn the company will continue investments in new product development and capacity expansion a ...

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All pending GST refunds for MSMEs to be paid within 30 days : FM
28 Jan

To ease GST related woes for the MSME sector the Finance Minister Nirmala Sitharaman has announced that all pending GST refunds will be paid within 30 ...

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REL. Jio is working up a storm with Affordable Cloud Tech
27 Jan

Reliance Jio Infocomm is likely to trigger another wave of price disruption – this time with its plan to roll out affordable cloud-based solutions for ...

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Microland Bets on Industry 4.0 to Drive Growth
27 Jan

Microland, Pradeep Kar-founded IT services firm, is betting big on industry 4.0 and digitisation of business operations for the next phase of growth.< ...

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Siimpler KYC may not make Life Easier for NBFCs
27 Jan

Despite measures by the finance ministry to ease the customer onboarding process, or KYC (know your customer), for both banks and non-banking finance ...

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Maruti May be first to Benefit from Recovery
27 Jan

Maruti Suzuki poses a classic dilemma to the average investor on D-Street: Is it a ‘buy and hold’ after a 30 per cent correction from its peak, or doe ...

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HC refers to Jaitley , tells DU not to be too harsh on student leaders
27 Jan

 Former Union Minister Arun Jaitley, who passed away on Saturday, came in for mention in the Delhi High Court which observed on Monday that the c ...

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RCOM Asks Ericsson to Refund Rs.579.74 Crore
26 Jan

Anil Ambani-led Reliance Communications' lenders have decided to send a demand notice to Sweden-based Ericsson, asking the telecom equipment company t ...

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FPIs Withdraw Rs.3014 Crore from Capital Market
26 Jan

Overseas investors have pulled out a net amount of Rs 3,014 crore from the Indian capital markets this month so far, but the trend may reverse followi ...

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En route to 50,000 registered startups: Union minister Piyush Goyal
26 Jan

India could have as many as 50,000 registered startups by 2024, as the ecosystem grows and increasingly defines the country’s global identity, said Pi ...

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FM Nirmala Sitharaman makes startup bets less taxing for angels
26 Jan

Just as the fifth edition of the ET Startup Awards kicked off, Union finance minister Nirmala Sitharaman announced a slew of relief measures for a slo ...

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Former finance minister Arun Jaitley was cremated with full State honours
26 Jan

Former finance minister Arun Jaitley was cremated at the Nigambodh Ghat here with full State honours on Sunday in the presence of relatives, top leade ...

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NITI, CEA differ on economic revival plan
23 Jan

NITI Aayog vicechairman Rajiv Kumar made a strong case for extraordinary steps to deal with the unprecedented stress in the country’s financial sec ...

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Govt to list rail PSUs IRCTC, IRFC
23 Jan

The government is moving ahead with listing of two railway PSUs — Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Financ ...

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Importers, resellers on e-market places face heat over duty evasion
23 Jan

After clamping down on imports of Chinese e-commerce companies that were illegally shipping goods into India under the guise of ‘gifts’, the govern ...

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Prasad calls FM for Telecom Relief
23 Jan

Telecom minister Ravi Shankar Prasad has sought urgent relief from finance minister Nirmala Sitharaman for the stressed sector, seeking a cut in le ...

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RBI Reverses Earlier Stand to Buy more US Treasuries
23 Jan

India’s central bank is buying more US Treasuries of late in a reversal of its earlier strategy, using its reserves of foreign exchange to enhance ...

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Sacked After it Resigned as IFIN Auditor, KPMG Arm Sues Govt
23 Jan

BSR & Associates, an associate of KPMG India, has filed a case against the government after the bankruptcy court okayed its proposed removal as au ...

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SEBI eases Registration rules, puts FPIs into two categories
22 Jan

Sebi on Wednesday approved several recommendations made by the HR Khan Committee to simplify and rationalise the existing regulatory framework for for ...

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No Deadline for shifts to EVs: Gadkari
22 Jan

 The government has no specific deadline in mind for automakers to switch to electric mobility or ban production of petrol and diesel vehicles.“T ...

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Amazon Sees No Slowdown Yet, Ready to invest More in India
22 Jan

Amazon India manager Amit Agarwal said the online retailer was upbeat not only about domestic sales, but also exports. He was responding to media quer ...

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Airtel declares broadband war Against Jio
22 Jan

Bharti Airtel is pulling out all stops to take on Mukesh Ambani-led Reliance Jio Infocomm’s home broadband offerings. Come September, the Sunil Mittal ...

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RBI governor sees multiple indicators of slowdown
22 Jan

RBI governor Shaktikanta Das had highlighted several indicators of a slowdown in the economy while supporting his argument for an aggressive cut of 35 ...

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Share info with rating agencies on time : SEBI
22 Jan

Markets regulator Sebi on Wednesday said that it will be mandatory for rated corporates to disclose information on delayed loan repayments and possibl ...

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Tata Group Sets Sights on Five Growth Engines out of group's 10 verticals
21 Jan

Tata Sons chairman N Chandrasekaran said the holding company of the $110-billion group has resolved the high leverage at its flagship operating compan ...

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Aggregators to Log Out of Deep Discounts
21 Jan

Online food delivery and dine-in aggregators including Zomato have agreed to tone down and rationalise offers they make to their members, including de ...

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Govt. has decided to put on hold the proposed increased in Car registration fee
21 Jan

The government has decided to review the proposed increase in registration fee of petrol and diesel vehicles amid heavy lobbying from the auto sector ...

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Commerce ministry hopes for an ecommerce Government e-Marketplace
21 Jan

This is a gem of an ecommerce idea — or so GoI wants it to be. A commerce ministry cabinet note proposes that Government e-Marketplace (GeM), the ...

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Finance ministry reviewing India’s free trade agreements
21 Jan

The finance ministry has initiated a review of India’s free trade agreement framework to assess the impact of such pacts on the overall economy. The v ...

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Banks tend not to report most cyber security crimes
21 Jan

Banks tend to not report most cybersecurity-related incidents faced by them to law enforcement agencies, nor do they share information about breach at ...

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Rupee falls to over 6-month lows against US dollar: 5 things to know
21 Jan

A rebound in crude prices from recent lows and continued outflows from Indian stock market dragged down the rupee. The broad rise of the US dollar als ...

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The Modi government is facing a serious cash crunch
21 Jan

Total Union government expenditure as a proportion of the Gross Domestic Product fell from 13.9% in 2013-’14 to 12.2% in 2018-’19.Not only is this fal ...

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Panel for review of IT Act and Surcharges
20 Jan

A high-level government task force on direct taxes has proposed a rethink on the brackets, review of the surcharges levied on income tax, a regime tha ...

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Mine KYC data to target beneficiaries, spare us: FPI lobby urges govt
20 Jan


A leading lobby of foreign portfolio investors (FPIs) has proposed that the government should use the information on ultimate beneficial owners to ...

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Govt. has removed DRR norms for Listed Firms, NBFCs, HFC,
20 Jan

Aiming to reduce cost of capital for businesses, the government has removed the requirement that listed companies, non-banking financial companies (NB ...

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No-Shows by Candidates Up Even in a Tough Job Market
20 Jan

A strategy head at an ecommerce company recently backed out of accepting an offer after making the recruiter wait for two-and-a-half months. Another c ...

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18-20% credit growth rate is required for India to become $5tn economy
20 Jan

Achieving the government target of making India a $5-trillion dollar economy by 2024 from around $2.7 trillion at present would require annual credit ...

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Supplier feel the squeeze with Auto Cos
20 Jan

In the month of August, automobile manufacturing plants usually work overtime to build up inventory for the upcoming festive seasons. But this year au ...

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RBI has no proposal for assets quality review of NBFCs
20 Jan

RBI Governor Shaktikanta Das today said that there was no proposal to conduct an asset quality review (AQR) of non-bank finance companies that are fac ...

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SEBI has rejected credit rating agency ICRA's settlement application in IL&FS case
19 Jan

The Securities and Exchange Board of India (Sebi) has rejected credit rating agency Icra’s consent application in the Infrastructure Leasing and Finan ...

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Trai’s New Consultation Paper on Broadcast Tariffs Spells Trouble for Industry
19 Jan

“We are heading for chaos,” said a top executive of one of the leading broadcast networks when asked to comment on the latest consultation paper by th ...

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ITR Forms with Prefilled Investment Data Soon
19 Jan

Imagine not having to fill up any details of dividend from mutual funds or gain or loss on equities, and interest income in your income tax return! On ...

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Govt. has fast tracked the implementation of CSR Report
19 Jan

The government has fasttracked the implementation of a highlevel committee’s report on corporate social responsibility that suggested that violations ...

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Govt. is planning to give tax waiver for small borrowers under IBC
19 Jan

The government plans to give debt waiver for “small distressed borrowers” under the insolvency law framework. The proposed waiver would be offered as ...

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Country's largest lender SBI has extended the credit period for auto dealers
19 Jan

To help the auto sector tide over stress, the country’s largest lender SBI has extended the credit period of automobile dealers that are facing demand ...

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State Bank of India mulls repo-linked home loans for existing borrowers
19 Jan

State Bank of India said it is contemplating extending the benefit of the repo-linked lending rate to the existing home loan borrowers while hoped for ...

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Perturbed by Complaints, India’s telecom regulator TRAI to Review Broadcast Tariff Rules
17 Jan

India’s telecom regulator has begun a review of the broadcast tariff regime it implemented eight months ago to address complaints from viewers about h ...

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Amtek Auto Heads for Liquidation after the NCLAT refuses new resolution plan
17 Jan

Amtek Auto is headed for liquidation after the National Company Law Appellate Tribunal (NCLAT) rejected appeals for more time to hammer out a new reso ...

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Auto parts firms diversify amid electric vehicle, BS-VI changes
17 Jan

The decision to punish gas guzzlers and switch to electric power for transportation needs is spawning innovation at a crucial end of the long value ch ...

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India’s tax admin needs a mindset change
17 Jan

Amid allegations of “tax terrorism”, finance minister Nirmala Sitharaman has sought a mindset change in tax officials while advocating a technology-dr ...

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Auto Components Industry Suffers Collateral Damages with Job Losses
17 Jan

India’s $57-billion auto components industry is expected to face more jobs losses over the next quarter due to the ripple down effect of slumping auto ...

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Govt eases norms for differential voting rights (DVR) shares
17 Jan

The government on Friday eased rules for issuing shares with differential voting rights (DVR), allowing those with special category shares to have up ...

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CBDT's procedure for pending angel tax assessment cases to provide safeguard to start-ups
16 Jan

The government's recent decision to give relief to start ups on assessment of angel tax notices would provide a safeguard to them and promote the ...

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Flipkart hits Walmart’s international profit
16 Jan

Walmart’s international unit saw operating profits fall  nearly by 30% to $900 million in the second quarter ended July of the financial yea ...

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Auto industry welcomes PM’s assurance on petrol/diesel vehicles alongside govt’s EV focus
16 Jan

The auto industry has reacted with optimism to Prime Minister assertion that there is enough space in the Indian market for both internal co ...

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Finance ministry may soon consult law ministry on FPI surcharge
14 Jan

The finance ministry may soon consult the law ministry on how best to provide relief to foreign portfolio investors (FPIs) from the super-rich surchar ...

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Global private equity major KKR & Co. is set to acquire EuroKids chain for Rs 2000 crore
14 Jan

Global private equity major KKR & Co. is set to acquire about 92% of the preschool and school chains that comprise EuroKids, Kangaroo Kids an ...

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Jio May Continue Tariff Onslaught, Further Impacting Rivals’ Financials
14 Jan

Reliance Jio’s chase for half-a-billion 4G customers signals continued pricing onslaught from the Mukesh Ambaniled telco and rules out any early hike ...

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Appliances to cost 10% more as Cos turn energy efficient
14 Jan

Consumers will soon pay a 5-10% premium on buying washing machines and microwave ovens as white goods makers are planning to roll out starrated energy ...

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Temasek to back Manipal’s Medanta bid, put in $300m
14 Jan

Temasek is backing billionaire Ranjan Pai-led Manipal Hospitals’ bid to acquire the heart surgeon Naresh Trehan-promoted Medanta Hospitals with an add ...

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Top auto component manufacturer Cos ride EV wave
14 Jan

As India readies an electric vehicle (EV) rush, its top component manufacturers are changing gears to capture a share of the EV pie — both at home and ...

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RIL to become zero net-debt company within 18 months .
13 Jan

Reliance Industries CMD Mukesh Ambani has said that the Mukesh Ambani has said that the corporate giant will become a “zero net-debt company ...

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Anil Agarwal’s family trust withdraws EoIs for Jet Airways
13 Jan

In a big blow to Jet Airways’ revival hopes, mining and metal baron Anil Agarwal’s family trust Volcan Investments (VI) has withdrawn its express ...

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RIL rolls out Jio Fiber plans to take on e-tail giants, contents Cos
13 Jan

Nearly three years after unshackling the telecom industry with dirt-cheap data tariffs and free-voice offerings, Mukesh Ambani is now rollin ...

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RIL to sell 20% in oil-to-chemicals unit to Aramco at $75-B enterprise value
13 Jan

Reliance Industries  signalled a tectonic shift in its decades-long, successful business model of going it alone by proposing to offload stake in ...

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Reliance to Sue PwC for 10K cr. for quitting , alleging fruad
13 Jan

 what could be the biggest legal battle between a company and its auditor, Reliance Capital is all set to file a Rs 10,000-crore defamation suit ...

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Home sales stay flat in Q1, but project launches on the rise
13 Jan

Sales of residential units in top cities were nearly flat in the first quarter, even as launches rose. Sales in the top eight cities were 69,485 units ...

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Green Mega Power Projects On The Anvil
13 Jan

The government is planning large renewable energy projects like the coal-based ultra-mega power project s (UMPPs) through the publicprivate-partnershi ...

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SEBI panel worried over 35% minimum shareholding plan
12 Jan

Most members of the capital market regulator’s committee on the primary market have raised concerns over the government’s controversial budget proposa ...

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Resolution of realty issues : Hardeep Puri
12 Jan

Government  assured homebuyers that it is committed to finding ways to resolve  issues and revive stalled projects.
 Nirmala Sithara ...

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Out of Core 5G network Telecom may leave Huawei
12 Jan

Airtel, Vodafone Idea and Reliance Jio Infocomm  considering giving  pass to Huawei in ‘core’ elements of their 5G networks in favour of oth ...

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Jet gets EoI from Anil Agarwal’s Volcan
12 Jan

Mining and metal baron Anil Agarwal’s family trust, Volcan I Investments (VI), has submitted an expression of interest (EOI) to revive grounded a ...

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GSP roll-back: Exports of goods to US grew 32%
12 Jan

Export of Indian goods, enjoying benefits under the preferential tariff system GSP, to the US registered a growth of 32 per cent , according to T ...

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BSR & Co resigns as auditor of two Reliance group Cos
12 Jan

BSR and Co, an affiliate firm of KPMG India, has resigned as auditor of two Anil-Ambani led Reliance Group companies—Reliance Infrastructure and Relia ...

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Address Concerns, Provide Stimulus: Market Players
10 Jan

A rollback of the super-rich tax surcharge, removal of long-term capital gains tax (LTCG) on shares and tax policy certainty topped the wish list of m ...

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Industrial growth slowed to a four-month low in June
10 Jan

Industrial growth slowed to a four-month low in June, pulled down by a sharp decline in the output of mining and manufacturing, reflecting the growth ...

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SC upheld changes to IBC that allows homebuyers to initiate proceedings against developers
10 Jan

The Supreme Court upheld changes to the Insolvency and Bankruptcy Code (IBC) that allows homebuyers to initiate proceedings under the law against real ...

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ICAI wants SEBI to review proposed norms for auditor resignations
10 Jan

The new framework proposed by market regulator Security and Exchange Board of India (Sebi) to tackle the issue of auditor resignations from listed com ...

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FM to review the criminal penal provision for not compliance of CSR
10 Jan

Finance minister Nirmala Sitharaman assured India Inc that she would review the criminal penal provision for not complying with corporate social respo ...

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PSBs across the country will soon adopt uniform working hours
10 Jan

Public sector banks (PSBs) across the country will soon have standard operating hours. This is part of the government’s reform agenda for PSBs under E ...

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NCLT junks auditors’ plea against powers to ban them
10 Jan

In a major setback to auditors Deloitte and BSR, the National Company Law Tribunal (NCLT) on Friday rejected their pleas challenging the tribunal’s ju ...

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Infosys eyeing 50% of its revenue from digital portfolio
09 Jan

Infosys, India’s second-largest software exporter, is gunning for higher margins as it aims to earn half its revenue from the company’s fast-growing ...

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FPIs to Raise Key Concerns with Fin Min Officials
09 Jan

Leading overseas investors will meet finance ministry officials as the government seeks to ease concerns over dwindling foreign portfolio inflows afte ...

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Vodafone Idea picks Amdocs to consolidate merged entity's postpaid operations
09 Jan

Vodafone Idaa Ltd. (VIL) has selected Amdocs to consolidate the merged entity’s postpaid operations for retail and enterprise customers across mo ...

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Panel on 5G trials to seek ‘network architecture’ details from telcos
09 Jan

A top panel overseeing 5G trials has come up with a list of 20 questions for telcos, seeking compliances on data security, privacy, localisation, and ...

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priority sector tag to help large NBFCs lower borrowing costs
09 Jan

Large non-banking lenders and home financiers, such as ...

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CCD ropes in EY to probe finances
09 Jan

The board of Coffee Day Enterprises (CDE), the parent company of CCD, appointed professional services firm Ernst & Young (EY) to investigate the c ...

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NEFT payment would be available 24x7 from Dec
08 Jan

From December, you will not have to wait for working hours to transfer money via National Electronic Fund Transfer (NEFT). As part of its push towards ...

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RBI unveils measures to boost confidence in NBFCs
08 Jan

In its monetary policy, the RBI has gone all out to revive confidence in well-functioning entities in the nonbanking finance company (NBFC) sector.
...

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RBI Cuts Repo Rate by 35 Bps to 9-Year Low
08 Jan

The Reserve Bank made a higher-than-expected reduction in interest rates as the monetary policy committee (MPC) voted decisively to give the “highest ...

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Coming Soon: The Great Sarkari Sale
08 Jan

If it goes through, it may turn out to be the mother of all public asset sales – Rs 3 lakh crore of proceeds by monetising public sector transmission ...

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Airtel, Voda Idea Get Longer Payment Terms from vendors
08 Jan

Bharti Airtel and Vodafone Idea have obtained payment terms of up to three years — as against the norm of three-six months — for renewed and fresh equ ...

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PMO Stand on Data Localisation Soon
08 Jan

The Prime Minister’s Office (PMO) will take a call on India’s position on data localisation, considering its strategic and security aspects, even as i ...

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Growth in FMCG sector has slumped, 4 Qtr. in a row
07 Jan

Growth in the fast-moving consumer goods (FMCG) sector has slumpe ...

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India will review the methodology of estimating its factory output by IIP( index of industrial production)
07 Jan

India will review the methodology of estimating its factory output – index of industrial production (IIP) – and identify gaps amid concerns over the ...

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Representative of MSMEs raised their concern over high interest rates and loan disbursal
07 Jan

Representatives of micro, small and medium enterprises (MSMEs) raised concerns over high interest rates, delays in loan disbursal and banks insistenc ...

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RIL Ind. and BP Plc announced a joint venture to open 5500 station, will sell Jet fuel too
07 Jan

Mukesh Ambani-led Reliance Industries and British energy major BP Plc announced a joint venture to open 5,500 petrol stations and sell jet fuel ...

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Govt. wants to freeze a/cs of IL&S auditors
07 Jan

There’s more trouble for the auditors of the crippled IL&FS — Deloitte and BSR. The corporate affairs ministry on Tuesday moved the NCLT, s ...

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Easier norms to help pump prime fuel retailing segment
07 Jan

The government is planning a major reform in fuel marketing to allow foreign energy giants such as Saudi Aramco, Total and Trafigura, as well as sup ...

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Centre readies to take charge of J&K bank
06 Jan

The amendment to Article 370 has opened the doors for the Centre to take control of Jammu & Kashmir Bank, which has so far enjoyed a special sta ...

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Rupee recorded biggest fall in 6 years
06 Jan

The rupee recorded its biggest single-day fall in six years to breach the 70-level for the first time since May 2019 on the back of a crash in ...

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Govt. prodded banks to speed up rate cuts
06 Jan

The government prodded banks to speed up rate cuts, while seeking to include auto and housing loans under the 59-minute scheme to fast-track clearan ...

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Cos may have to geotag and furnish the pictures of CSR projects soon
06 Jan

Companies may soon have to geotag and furnish pictures of projects undertaken under their corporate social responsibility (CSR) programmes to the go ...

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Service Sector Activity rebounds in July
06 Jan

India's service sector activity rose to a 12-month high in July, boosted by fast output growth and strong domestic and international demand, pushing ...

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Centre has decided to auction 27 coal blocks to Pvt Cos
06 Jan

The centre has decided to auction 27 coal blocks to private companies who can sell 25% of the produce in the open market at a premium of 15% over th ...

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Indian stock market cap fell below $2-Trillion mark as FPIs exit
05 Jan

India’s stock market capitalisation fell below the $2 trillion mark for the first time in six months, triggered by the selloff on Dalal Street in Ju ...

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Retailers are cutting production ahead of festive season
05 Jan

Fashion and lifestyle retailers are cutting production ahead of the crucial Diwali festive season as they moderate their sales targets due to poor c ...

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India is close to finalising a direct subsidy plan for battery manufacturing
05 Jan

India is close to finalising a direct subsidy plan for battery manufacturing to fire up its clean energy switch. It will in December, invite bids fr ...

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Maruti Suzuki India is likely to operate only one shift at all its plants
05 Jan

Maruti Suzuki India is likely to operate just one shift at all its plants, with demand for cars slumping to multi-decade lows across the country and ...

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Finance ministry to review credit, bad loans with banks
05 Jan

The finance ministry will hold a review meeting with bank chiefs on August 5 to assess the progress made by them in credit growth, resolut ...

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RBI is likely to cut repo rate by 25bps to counter mounting growth concerns
05 Jan

Although banks have passed on less than a third of the rate cut announced by the RBI this year, the central bank is widely expected to reduce i ...

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Govt. is likely to provide relief for SEBI-listed FPIs from super rich levy
03 Jan

The government has begun to look at providing quick relief to foreign portfolio investors (FPIs) structured as trusts from the super-rich surcharge, ...

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Jail term for CSR violation makes many anxious
03 Jan

A harassment tool or a better performance enabler? Indian companies are mostly anxious about recent changes in Companies Act making compliance with ...

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Tata group has taken the lead to set up over 500 charging station
03 Jan

Tata group plans to set up a network of 500 public fast-charging stations for Read more orange-arrow

Fewer cases admitted for resolution in Q1
03 Jan

For only the second time since the enactment of the Insolvency...

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SBI has reported a net profit of Rs. 2312 cr. for Q1
03 Jan

State Bank of India (SBI) has reported a net profit of Rs 2,312 crore for the quarter ended June 2019, as against a loss of Rs 4,876 crore in t ...

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Raiding RBI reserves only illustrates " desperation " of the Govt.
03 Jan

Raiding the reserve of the central bank only illustrate the "desperation" of a govt. and we should be very wary and careful while determining the va ...

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FPIs looking for concession to convert themselves into companies
02 Jan

Foreign portfolio investors (FPIs) looking for concessions to convert themselves into companies from a trust structure in order to avoid paying a hi ...

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NBFC top senior professional are moving out to join banks, Fintech
02 Jan

Several senior professionals in the non-banking finance space have quit over the past year and hundreds more are on the lookout for openings elsewhe ...

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Cars fall into a deep hole
02 Jan

Passenger vehicle sale in the domestic market recoded their highest ever decline falling by 31% to 200294 units last month amid extremely weak consu ...

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Bharti Airtel reported a consolidated net loss of Rs. 2866 cr in April-June quarter
02 Jan

Bharti Airtel reported a consolidated net loss of Rs 2,866 crore in the April-June quarter, its first in 14 years, dragged by a one-time expens ...

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Indian banks wrote off a record Rs. 2.54 Lakh cr of bad loans in FY19
02 Jan

Indian banks wrote off a record Rs 2.54 lakh crore of bad loans in FY19 to show reduced NPAs on their books, a trend that continues into FY20 as wel ...

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India has been pushed to the 7th place in the global GDP ranking: WB
02 Jan

India has been pushed to the seventh place in the global GDP rankings in 2018 with the UK and France forging ahead the fifth and sixth spots, d ...

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Promoters of Zee Entertainment Enterprises will sell 11% to Invesco Oppenheimer
01 Jan

The promoters of Zee Entertainment Enterprises (ZEE) will sell an 11% stake in the media company to US-based financial investor Invesco Oppenheimer ...

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SBI plans to raise Rs 6000 crore from sale of part stake in card unit
01 Jan

State Bank of India (SBI) plans to raise Rs 5,000-6,000 crore by selling a part stake in its credit card joint venture, said two people familiar wit ...

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Tech Mahindra should improve margins: Mahindra
01 Jan

 Tech Mahindra chairman Anand Mahindra said on Wednesday that the company had to improve profitability, after shareholders pointed out its huge ...

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Lenders, Bond investors stare at Haircut as stock tumbles at 57%
01 Jan

Lenders and bond investors at Coffee Day Enterprises (CDE), the holding company of Cafe Coffee Day, are staring at haircuts after steep erosion in t ...

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Oil traded a near 2-week high on Tighter supply
01 Jan

Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Pers ...

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Indian stock indices recorded their steepest fall in July since 2002
01 Jan

Indian stock indices recorded their steepest fall for the month of July in 17 years on Wednesday even as the benchmarks ended marginally higher on t ...

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CCD founder VG Siddhartha commits suicide, India Inc stunned
31 Jan

VG Siddhartha, founder of Coffee Day Enterprises, committed suicide by jumping into a river in Mangluru on 29th July. His body has been found today i. ...

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Supreme Court to decide whether to refer 10% EWS quota to constitution bench
31 Jan

The Supreme Court on Tuesday began looking into the legal complexities of the 103rd Constitutional Amendment, setting aside a 10% quota for the econ ...

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Govt. has drawn up a list of CPSEs for Buybacks
31 Jan

The government has drawn up a list of around a dozen state-run firms which can go for possible buybacks in this financial year. 
The list ...

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NCLAT directed the resolution professional to call fresh bids for Jaypee Infratech
31 Jan

In a boost to homebuyers and lenders of Jaypee Infratech, an appellate tribunal on Tuesday directed the appointed resolution professional (RP) to ca ...

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RBI eases foreign borrowing norms for Non Banking Financial Companies
31 Jan

There is relief on the liquidity front for non-banking finance companies (NBFCs) and stressed borrowers who now have more freedom on forei ...

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SBI tightens lending norms for auto dealer financing
31 Jan

SBI is understood to have tightened lending norms for dealers of Hyundai cars and other vehicles. The bank is reportedly seeking additiona ...

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Top public and private sector banks are raising funds to grab NBFC share
30 Jan

Top public and private sector banks are going on a fundraising spree as they seek to wrest market share from nonbanking finance companies (NBFCs) fa ...

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IBC amendments are aimed at greater clarity: Sitharaman
30 Jan

Finance Minister Nirmala Sitharaman on Monday told Rajya Sabha that the proposed amendments in the Insolvency and Bankruptcy Code are aimed at ensur ...

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Honda recalls over 5000 cars to replace faulty airbags
30 Jan

Japanese auto major Honda Monday said it is recalling 5088 vehicles to replace faulty driver and front passenger airbag inflators. 
The ve ...

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Inter-ministerial penal has sanctioned 5645 electric buses for 65 cities
30 Jan

In a push towards environment friendly transport,  inter-ministerial panel has sanctioned 5,645 electric buses for operations in 65 cities, a m ...

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SBI has announced a sharp reduction in fixed deposit rates by 50-75 bps
30 Jan

India’s largest lender State Bank of India (SBI) has announced a sharp reduction in fixed deposit rates. The cut will translate into lower lending r ...

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Telecom firms owe over Rs 92000 crore as license fees
30 Jan

Leading private telecom players like Bharti Airtel, Vodafone and state-owned MTNL and BSNL have a pending license fee outstanding of over Rs 92 ...

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Surcharge levied on high income earners had not been intended to hit FPIs: Sitharaman
29 Jan

Surcharge levied on high income earners in the budget had not been intended to hurt foreign portfolio investors (FPI) structured as trusts. The gove ...

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MFs seeks SEBI guidance on Inking Inter Creditor Agreement
29 Jan

 Mutual funds have asked SEBI whether they should join banks and other financial institutions in throwing a lifeline to distressed borro ...

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Probe agencies are likely to confront Chanda Kochhar and Venugopal Dhoot
29 Jan

Probe agencies are likely to confront Deepak and Chanda Kochhar and Videocon group chairman Venugopal Dhoot, after two separate reports that concurr ...

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Benchmark yield surges 22bps in past 7 days, could impact govt. move to lower borrowing cost
29 Jan

Uncertainty over the sale of sovereign bonds overseas for the first time is causing yields to harden unexpectedly in India, where most market partic ...

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Revenue concession to Regional Comprehensive Economic Partnership (RCEP) may touch Rs 60000 crore
29 Jan

Hidden in the Budget documents is a number that has gone virtually unnoticed - India's revenue foregone due to the trade agreement with ...

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E-market Udaan is in talks to raise funding of around $500 million
29 Jan

  Udaan, an online marketplace that supplies products and gives  loans to small merchants, is in talks to raise a new round  fundi ...

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Jio pips Voda as India's No. 1 mobile operator
27 Jan

Less than three years after making a re-entry into the telecom business, Mukesh Ambani's Reliance Jio has emerged as the country's largest mobile oper ...

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AU Small Finance net profit more than doubles to Rs 190 cr in June quarter
27 Jan

AU Small Finance Bank on July 25 said its net profit more than doubled to Rs 190 crore in the first quarter ended June 30. The company's net profit ha ...

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Huge hike in vehicle registration charges
27 Jan

You may soon have to shell out Rs 5,000 for registering your new petrol or diesel car. Renewing their registration will cost Rs 10,000. Currently, bot ...

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NBFCs with big realty loans must rebalance books: RBI
27 Jan

The Reserve Bank of India (RBI) has asked nonbanking finance companies (NBFCs) with loans predominantly made to real estate companies to bring down th ...

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Currency policing must be done by IMF, not US: Das
27 Jan

Reserve Bank of India (RBI) governor Shaktikanta Das has questioned the US bi-annual report calling out emerging markets for currency manipulation sta ...

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INS urges Centre to withdraw 10% import duty on newsprint
27 Jan

The Indian Newspaper Society (INS) on Friday appealed to the Centre to withdraw the 10% customs duty imposed in the Budget on newsprint, uncoated pape ...

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Tata Motors quarterly loss doubles in Q1 to Rs 3,680cr
26 Jan

Tata Motors’ quarterly loss almost doubled in April-June as the country’s largest automaker was hit by lower sales. Loss at the Tata Group flagship wi ...

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NCLT stays its own order to sue IL&FS auditors
26 Jan

The National Company Law Tribunal (NCLT) on Thursday stayed its own order allowing the government to prosecute the three partners of Deloitte and BSR ...

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Citi tops foreign banks in profits
26 Jan

Citibank has become the largest foreign bank in India on most parameters, including profits and balance sheet size, and has emerged as the first forei ...

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Ethnic, textile products from Rajasthan a big hit: Snapdeal
26 Jan

Online marketplace Snapdeal that specializes in budget-segment products is betting on the sellers of ethnic wear, textiles, bed linen and fashion acce ...

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Future Fashions $250m Deal with Blackstone
26 Jan

Blackstone, the world’s largest private equity firm, has stitched up a $250 million investment in Kishore Biyani’s Future Lifestyle Fashions (FLFL), o ...

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DHFL Resolution Plan Seeks Easier Terms
26 Jan

Dewan Housing Finance (DHFL) has sought relaxation of original loan terms in the resolution plan it has put forward before lenders.The embattled home ...

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Panel on RBI Reserves Likely to Meet Again
26 Jan

The high-level Bimal Jalan panel could hold another meeting before submitting its report on the Reserve Bank of India’s economic framework that will d ...

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Finance cos may face bank-like restrictions
25 Jan

After forcing banks to recognise stressed loans as non-performing assets (NPAs) last year, the Reserve Bank of India (RBI) is talking tough to large f ...

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Slowdown hits 10L jobs in auto parts cos
25 Jan

Nearly 10 lakh jobs have been shaved off from the auto component industry, following a prolonged and painful slowdown that has seen the demand for car ...

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Damodaran brokers to stop ongoing fight between IndiGo promoters
25 Jan

IndiGo chairman M Damodaran has brokered a truce between the airline’s warring promoters — Rahul Bhatia with his family-controlled InterGlobe Enterpri ...

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DHFL could Form JV for Stake Sale
25 Jan

Dewan Housing Finance Corp Ltd (DHFL) is looking to form a JV structure for its proposed stake sale that’s part of the company’s revival plan, said pe ...

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India Moves Up Five Places to 52 on Global Innovation Index
25 Jan

India climbed five places up in a global index of innovation, buoyed by improved productivity growth and exports of services related to information an ...

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Foreign banks in India net up on higher interest income
25 Jan

Large foreign banks with the exception of Barclays have seen a rise in their India net profit in the year ended March 2019 driven by higher interest i ...

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FM hints 25% corporate tax may be extended to all companies
24 Jan

Finance minister signaled that the government may extend the lower corporate tax rate of 25% to all companies, giving India Inc something to cheer abo ...

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High govt debt forces NBFCs to borrow short-term
24 Jan

Outgoing Reserve Bank of India (RBI) deputy governor Viral Acharya blamed high government borrowing for the asset-liability mismatches of non-banking ...

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Rana Kapoor family pledges 7% in Yes Bank
24 Jan

Rana Kapoor and Morgan Credits, promoters of Yes Bank, have disclosed to the stock exchanges that they have together pledged their entire stake in the ...

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HUL Q1 net profit up by 15%, but volumes halve
24 Jan

Hindustan Unilever (HUL) reported a 15% growth in standalone net profit at Rs 1,755 crore in the first quarter ended June 30, 2019, on a 7% growth in ...

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Government tables bill on labour codes on wages and on occupational safety
24 Jan

The government introduced the labour codes on wages and on occupational safety, health and working condition in the Lok Sabha on 23/07/2019   ...

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Changes in Motor Vehicle Act get loksabha approval
24 Jan

The Lok Sabha on 23/07/2019 approved the Motor Vehicles (Amendment) Bill, 2019 which seeks to impose strict penalties on violation of traffic rules an ...

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Super-rich need to pay interest on June advance tax
23 Jan

The super-rich are likely to be hit with a double whammy. They will have to pay interest on the advance tax installment that was due on June 15, in li ...

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National Housing Bank directs home finance companies (HFCs) to desist from offering interest subvention schemes
23 Jan

The liquidity squeeze in the real estate sector is expected to deepen further with the National Housing Bank’s latest directive to home finance compan ...

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Status quo on Essar Steel sale for now
23 Jan

The Supreme Court on 22/07/2019  ordered that status quo be maintained for now on the proposed sale of ailing Essar Steel  to Arcelor-Mittal ...

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NHAI, SBI in talks to monetise highways
23 Jan

The National Highways Authority of India (NHAI) is in talks with State Bank of India to monetise road projects with high traffic density as it explore ...

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E-commerce and IT sector will see a big drop in fresh generation of job
23 Jan

Key job-creating sectors are likely to see a big drop in the generation of fresh employment, thanks in part to automation. Sectors including e-co ...

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Defamation case: Tata, group execs get HC relief
23 Jan

The Bombay HC on Monday quashed an order of a lower court that had allowed proceedings against chairman emeritus of Tata Sons Ratan Tata and ...

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RBI in sync with government efforts to accelerate growth
22 Jan

The Reserve Bank of India (RBI) is doing everything at its disposal to be in sync with the government’s efforts to accelerate economic expansion, be i ...

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Luxury car market shrinks by a quarter
22 Jan

India’s luxury car market shrank by as much as a quarter in the first half of this year, industry executives said, as a slowdown in economic growth an ...

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New account method helps Jio stay profitable despite ARPU fall
22 Jan

The adoption of a new accounting standard Ind As -116 for its lease of assets, coupled with a combination of lower interconnect and employee costs hel ...

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Provident funds lend more to states in chase for better returns
22 Jan

Provident funds (PFs) have sharply increased their investment in state governments in their quest for higher yields to meet the returns assured to emp ...

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Fake motor policies more than double in two years
22 Jan

Fake motor insurance policies have more than doubled to 1,192 cases from 498 cases, with more than Rs 53 crore worth fake policies sold in India in th ...

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Govt looks to cut stake in select state-run entities to up to 26%
22 Jan

The government is looking to pare down its stake in select state-run entities to up to 26%, setting the stage for some big-ticket strategic sales.&nbs ...

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Reliance Industries Q1 net rises as telecom, retail offset refining hit
20 Jan

Reliance Industries Ltd (RIL) on Friday reported a 6.8% year-on-year (y-o-y) increase in net profit for the June quarter, beating Street estimates on ...

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IndiGo reports highest ever quarterly profit
20 Jan

IndiGo has reported the highest ever quarterly profit at Rs 1,203 crore for Q1 (April-June) 2019-20, largely on the back of a rise in airfares after J ...

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Rating firms colluded with IL&FS executives: Audit
20 Jan

A forensic audit on credit rating agencies has pointed to massive irregularities by top IL&FS executives in obtaining favourable ratings, with all ...

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Deloitte, BSR fight with government over NCLT’s jurisdiction to ban them for 5 years
20 Jan

Deloitte Haskins & Sells and BSR & Associates, a KPMG network firm, on 19/07/2019 said the NationalCompany Law Tribunal(NCLT) didn’t have a ju ...

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No separate law yet to ban cryptocurrency in India
20 Jan

The government has not prohibited the use of cryptocurrencies in India, union minister of state for finance has said.  There was no separate ...

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Monsoon covers entire country, rain deficit stands at 18%
20 Jan

The monsoon has covered the entire country with rain clouds reaching west Rajasthan on 19/07/2019, the weather office has said, It is four days behind ...

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FM sticks to proposals, no relief to FPIs in trust form
19 Jan

Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structure ...

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Govt asks IndiGo to explain the ongoing misgovernance
19 Jan

The government has sought an explanation from IndiGo on complaints of alleged misgovernance levelled by the airline’s co-founder Rakesh Gangwal, ...

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Sebi wants strict rules for resigning auditors
19 Jan

Markets regulator Sebi proposed stricter disclosures, including detailed reasons, on resignation of auditors.
The move comes amid rising instances ...

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Jet Airways’ resolution professional receives claims worth Rs 25,000 crore
19 Jan

The resolution professional overseeing Jet Airways  has received claims worth close to Rs 25,000 crore, and has so far accepted only about on ...

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Difficult to enforce new public holding rule:SEBI
19 Jan

The Securities and Exchange Board of India (Sebi) has told the government that recent budget proposals could undermine its role as regulator, particul ...

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Indian law firms agree to open doors for foreign peers
19 Jan

The Society of Indian Law Firms (SILF) has recommended to the government that foreign law firms be allowed into India in four phases, marking a revers ...

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Jalan Panel wants transfer of RBI’s surplus reserves over 3-5 years
18 Jan

A high-level committee set up by the Reserve Bank of India (RBI) on its economic capital framework (ECF) has recommended that surplus reserves held by ...

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Cabinet approved bill to amend companies law
18 Jan

The Union cabinet has approved changes to the Companies Act of 2013 that make it mandatory forcompanies to create a ring-fenced escrow account for cor ...

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Railways needs to raise capacity to handle passenger, freight traffic
18 Jan

Indian Railways is finding it tough to cope with passenger and freight demand, and needs to raise capacity to handle traffic in these two segments.In ...

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FMCG companies losing speed, growth slows for third quarter (April-June)
18 Jan

Growth in India's fast moving consumer goods (FMCG) sector is declining as lower spending in urbancentres and slowdown in rural growth crimp consumpti ...

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Airtel, Jio plan HUL tie-up for new consumer connect
18 Jan

Indian telecom giants Bharti Airtel and Reliance Jio are in talks with Hindustan Unilever (HUL) for tie-ups to offer localised discounts on the l ...

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Companies may face penalty for not meeting CSR spend target
18 Jan

The government recommended several amendments to the Companies Act, including penalty on companies that do not meet the mandated 2% spending requireme ...

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IBC Cabinet okays IBC tweaks, gives financial creditors upper hand
18 Jan

The cabinet approved key changes in the Insolvency and Bankruptcy Code (IBC) aimed at restrictingthe resolution process to 330 days, including time fo ...

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Modi Govt spends higher than 45 years' investments on PSU Banks
17 Jan

In the 50 years since banks were nationalised, the recapitalisation bill from FY18 to FY20 at Rs 2.69 lakh crore has been higher than in the first 45 ...

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Snapdeal losses drop by 70% in FY19 to make a turnaround
17 Jan

Online marketplace Snapdeal said it has managed to cut losses by 70% to Rs 186 crore while increasing the consolidated revenue by 73% to about Rs 925 ...

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IndiGo on radar: Sebi and MCA seeks details from airline on promoter grievance
17 Jan

Regulatory pressure has increased on IndiGo to disclose details of the dispute between the promoters with the Securities and Exchange Board of India a ...

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Investors Add 41 L Demat A/cs in a Year
17 Jan

The recent volatility in the stock market hasn’t deterred new investors from trying their luck in equities. In the one year ended June 30, a good 41 l ...

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Looking to replace Chinese imports, US turns to Indian products
17 Jan

In the way of continually rising trade tensions, American importers of sports goods, toys, stationery, cables and electronics parts have reached ...

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New Vehicle Registrations Down By 5.4% in June
17 Jan

According to the The Federation of Automobile Dealers Associations (FADA) report, the total Vehicle Registrations fall 5.4 per cent, which included ...

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RBI fines SBI Rs 7cr, Union Bank Rs 10L for violations of NPA rules
16 Jan

The RBI has fined SBI and Union Bank of India Rs 7 crore and Rs 10 lakh respectively for non-compliance with directions. SBI has been penalised for no ...

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Spending on Overseas Travel, Education Records a 60% Surge
16 Jan

Indians are spending more on overseas travel and education shows Reserve Bank of India data as spends rose more than 60% year on year this May just ah ...

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NPA Tag for 738 Loan Accounts in 2018-19: Thakur
16 Jan

Loan accounts of 738 borrowers having exposure of Rs 100 crore or more with state-run lenders were classified as bad loans in 2018-19, minister of sat ...

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Deloitte, KPMG will get enough time for Defence against Ban
16 Jan

The National Company Law Tribunal on Monday gave time until Friday to Indian affiliates of Deloitte and KPMG to put forth their defence, over the gove ...

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DHFL may finalise a stake sale in next two weeks
16 Jan

Troubled mortgage-lender DHFLis likely to finalise a stake sale in the next two weeks as it cleans up the asset-liability mismatch with loan restructu ...

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Govt Plan Tough, but necessary to make India EV Hub: Munjal
16 Jan

Hero Eco managing director Naveen Munjal struck a dissonant note from Hero Moto-Corp Chairman Pawan Munjal saying that while the government’s proposal ...

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Govt Working on Solution for FPIs Facing Higher Surcharge
15 Jan

The government is considering some manner of relief for foreign portfolio investors (FPIs) from the super-rich surcharge levied in the budget that has ...

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DHFL admits irregularities, warns it may not stay afloat
15 Jan

Troubled housing finance provider DHFL has admitted to irregularities in recognising some income and in failure to monitor end use of some other loans ...

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Jet Airways audit shows diversion of funds, fraudulent billing
15 Jan

A State Bank of India commissioned forensic audit of Jet Airways  books has revealed misappropriation of funds relating to provision of loans a ...

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11 Nifty-50 companies deviate from Sebi rules
15 Jan

A total of 26 deviations were committed by close to a fourth of the Nifty-50 companies, 11 to be exact, for the year 2018-19, according to the first ‘ ...

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Slowdown in auto, realty may dent NBFCs’ disbursement growth numbers
15 Jan

Non-banking finance companies may witness one of the slowest disbursement growth rates in over three years in the June quarter, owing to sparse liqu ...

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Swiggy in talks with Korean funds to raise up to $500M
15 Jan

Food delivery app Swiggy is in talks with South Korean f ...

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ITC Plans to invest in FMCG startups
13 Jan

FMCG-to-tobacco-to-hotel conglomerate ITC looks all set to invest directly in startups which would help them enter into new categories or developphysi ...

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Low costs, tax sops boost car leasing
13 Jan

As individual car lease, hits mass market brands including Hyundai, Toyota, Mahindra and Fiat, auto marketers are targeting self-employed andprofessio ...

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IL&FS Probe Shows How LIC Derailed Piramal Group’s Bid
13 Jan

Investigations into Infrastructure Leasing & Financial Services (IL&FS) have revealed more details about the role of its biggest stakeholder L ...

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Govt may mobilise Rs 70,000-cr from issuance of sovereign bonds abroad
13 Jan

Terming the proposed issuance of sovereign bonds in overseas markets as the “boldest announcement” of the Budget, About Rs 70,000 crore could be mobil ...

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Debit cards drop sharply by 10 crore in Mar-May
13 Jan

Debit cards in circulation dropped by nearly 10%, or 10 crore cards, between March and May, declining from 92.4 crore to 82.4 crore as more banks repl ...

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SBI waives charges for internet, mobile banking customers
13 Jan

With an aim to boost digital transactions, State Bank of India on 11/07/2019  waived Real Time Gross Settlement (RTGS) and National Electronic Fu ...

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Reliance Infra and Power got a respite from lenders
12 Jan

Reliance Infrastructure and Reliance Power got a respite from lenders, who granted them more time to resolve debt issues, triggering a rise in the s ...

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Recruitment across India's NBFCs has been put on hold
12 Jan

Recruitment across India’s non-banking finance companies has slowed to a crawl, with hiring practically at a standstill other than for critical role ...

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Monsoon delivers 28% more rain than average in past weeks, Rain deficit reduces to 12% after revival
12 Jan

The monsoon has surged to deliver 28% more rainfall than average in the past week, in the first burst of heavy showers over most part of the country ...

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Govt. is expected to bring in amendments in individual and cross border cases
12 Jan

The government is expected to bring in amendments to the Insolvency and Bankruptcy Code (IBC) in individual and cross-border cases, seeking to ensur ...

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Casio has sued Snapdeal and e-sellers for allegedly selling fake products
12 Jan

Japanese consumer electronics giant Casio has sued online retailer Snapdeal and sellers on its platform for allegedly selling counterfeit versi ...

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Housing has become less affordable over the last four years: RBI Study
12 Jan

Even as the real estate industry complains of a slowdown in sales, a Reserve Bank of India (RBI) survey has said that housing has become l ...

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FPIs seeking to convert themselves from trust and AOP to 'Corporate'
11 Jan

At least 30 big-ticket foreign portfolio investors (FPIs) have r ...

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Nation can ill afford IndiGo faltering: Rakesh Gangwal
11 Jan

Rakesh Gangwal, the billionaire co-founder of IndiGo and airline industry veteran, is determined to root out what he regards as poor corporate gover ...

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The government's moves to raise excise may impact stock performance of OMCs
11 Jan

The government’s moves to raise tax revenues is likely to impact the stock performance of state-owned oil marketing companies (OMCs) — Indian Oil Co ...

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Auto sales crash 12% in Q1, Worst since global economy meltdown in 2008-09
11 Jan

The crisis in the auto sector has worsened. Hit by a slowing economy, credit crunch and rising unemployment across major  cities, auto sal ...

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With 40000, TCS is one of US's biggest job creaters
11 Jan

Tata Consultancy Services (TCS) is one of the top job creators in the US, Milind Lakkad, the company’s global  global HR head said. < ...

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5% TDS on Life Policy better than 1% on maturity: Life Insurers
11 Jan

 Insurers say that tax deduction at source (TDS) on taxable ...

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Strict norms in the works for State Banks to purchase only AA rated and above NBFCs assets
10 Jan

The government may allow state-run lenders to buy only AA and higher rated retail pooled assets of non-banking financial companies (NBFCs) under the ...

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RBI's exposure regulations are more stringent than global ones
10 Jan

The Bank for International Settlements (BIS) has said that several of RBI’s regulations for large exposures by banks are more stringent than gl ...

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"Look Out" circular was issued against Goyal at SFIO's instance under MCA in connection with a probe
10 Jan

Additional Solicitor General Maninder Acharya said LOC was issued against Naresh Goyal at the insistence of the Serious Fraud Investigation Off ...

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Swiggy will invest $100 million to deliver milk and other essentials
10 Jan

Swiggy will invest $100 million (over Rs 680 crore) for its subscription-based delivery business under Supr Daily, which delivers milk and other dai ...

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Higher Tax on all super-rich, not targeting Foreign portfolio investors
10 Jan

Amid a backlash from foreign portfolio investors (FPIs) over the new tax, the government on Tuesday said it is not targeting them by raising ta ...

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NRIs' residential status comes under the investigation wing of Income Tax (I-T) department
09 Jan

The investigation wing of the income tax (I-T) department is going through the ‘residential’ status of non-resident Indians (NRIs) with a fine-tooth ...

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SEBI seeks 3 months to finish probe into the deal between Brookfield and Hotel Leela venture
09 Jan

Capital market regulator, Securities & Exchange Board of India (Sebi), has informed the dedicated bankruptcy court that it will take three more ...

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Mandhana buyer has alleged that lenders and resolution professional have acted fraudulently during resolution process
09 Jan

Formation Textile, the US based winning bidder of mandhana industries , has alleged that lenders to the company led by Bank of Baroda as well as its ...

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Newspaper body seeks withdrawal of 10% Customs Duty on Newsprint as imposed in budget
09 Jan

The Indian Newspaper Society (INS) has requested the government to withdraw the 10% customs duty imposed on newsprint, uncoated paper used for print ...

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RBI keeping a close watch on NBFC operations based on their size and payment
09 Jan

The Reserve Bank of India said it is keeping a close watch on non-banking finance companies based on their size and payment behaviour after unveilin ...

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PSUs with Govt. stake below 51% won't face CAG and Central Vigilance commission scrutiny
09 Jan

State-run companies where the government brings down its stake below 51% may not come under the scrutiny of government vigilance agencies such as th ...

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Oyo founder in talks to buy back $1.5 billion shares
08 Jan

Ritesh Agarwal, founder of Oyo Hotels & Home, is in the midst of buying back shares from early investors Sequoia Capital and Lightspeed Venture Pa ...

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Overseas borrowings in FY20 could be limited to $10b
08 Jan

India’s foreign currency borrowing programme is likely to start small with an offer in the second half of the year and will probably be below $10 bill ...

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Change in Income Tax Act may lure buyers to IL&FS
08 Jan

A key budget proposal will help sweeten the deal for any potential suitors of Infrastructure Leasing & Financial Services (IL&FS), which has b ...

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Nearly 4,000 companies set to gain from corporate tax reduction
08 Jan

The government’s move to reduce the corporation tax rate to 25% will benefit around 4,000 companies with the Centre expected to forego Rs 3,000 crore ...

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Videocon case, NCLT asked to pass orders in 3 weeks
08 Jan

The National Company Law Appellate Tribunal has directed the National Company Law Tribunal to pass orders on consolidating the bankruptcy proceedings ...

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Refund home buyers for delays with interest equal to home loan rate
08 Jan

In order to ensure that homebuyers recover their money, including interest paid on home loans, the National Consumer Disputes Redressal Commission (NC ...

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PAN won’t be a pain, Aadhaar will do for filing I-T returns
06 Jan

Aadhaar and PAN may soon be interchangeable, a move that may see UID become the more prevalent ID in the future. The FM on Friday proposed to allow ...

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Govt sets record disinvestment target of Rs 1.05 trn selling PSU stakes
06 Jan

The government will initiate privatisation of Central Public Enterprises (CPSEs), including Air India, as it sets a record high disinvestment target ...

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No angel tax on capital invested in startups
06 Jan

Startups have much to cheer a series of measures have been introduced to simplify long pending issues like angel tax with the FM saying that startup ...

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NBFCs get twin lifelines
06 Jan

Non-banking finance companies, which have been strained for liquidity after the IL&FS collapse, have got twin lifelines from the government and t ...

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Green mobility gets fresh e-charge
06 Jan

Green mobility was the flavour of finance minister Nirmala Sitharaman’s maiden Budget speech as buying electricvehicles has been made attractive throu ...

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End to merchant charges to Boost UPI,QR
06 Jan

In a significant move which may give a big boost to Unified Payments Interface-based transactions at merchant locations, the government has propo ...

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EV charging stations will get to choose infrastructure technology
05 Jan

The government has decided to modify the guidelines for electric vehicle charging stations to give developers a freehand to choose the infrastructur ...

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Startups in dire need of regulatory clarity
05 Jan

The government’s latest Economic Survey has sought the removal of regulatory ambiguities for India’s startup ecosystem to flourish, and called for a ...

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Tribunal upholds Arcelor’s Rs 42k-crore bid for Essar Steel
05 Jan

The company law appellate tribunal in Delhi has upheld Arcelor Mittal’s Rs 42,500-crore bid for Essar Steel, but afte modifying the distribution ...

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SoftBank faces Oyo riders for stake increase
05 Jan

The founder and the largest minority investors of Oyo Hotels and Homes have put in a clause in the company’s charterthat SoftBank cannot increase its ...

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Yes Bank invokes pledged Eveready shares
05 Jan

Yes Bank has invoked pledged shares in Eveready Industries over a payment default by its group firm McLeod RussIndia. The B M Khaitan-founded Williams ...

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Tata Motors uses production cuts, retail push to ride out slowdown
05 Jan

Tata Motors has decided to implement periodic production cuts at its passenger-car plantsand focus on retail sales to prop up dealerships amid an indu ...

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Yes Bank invokes pledged Eveready shares
04 Jan

Yes Bank has invoked pledged shares in Eveready Industries over a payment default by its group firm McLeod Russ India. The B M Khaitan-founded Wi ...

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Ahead of budget, services sector activity contracts
04 Jan

Activity in the country’s key services sector contracted in June for the first time in over a year, dragged down by stagnant sales, while job creati ...

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SAT asks SEBI to decide in derivative trades case
04 Jan

Foreign portfolio investors (FPIs), which infuse billions of dollars into the country’s securities market, are anxiously awaiting the Securities Appel ...

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RBI norms for video KYC may be out in a month
04 Jan

The Reserve Bank of India is likely to soon release video Know Your Customer (KYC) guidelines for financial services companies, following multiple c ...

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Auditor resignations likely to trigger probes by RBI, Sebi
04 Jan

The spate of auditor resignations from companies in last few weeks and questions raised over certain transactions could lead to the securities and b ...

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Nifty50 companies' net profit may rise 29% in April-June
04 Jan

Net profits of Nifty 50 companies could climb 29 per cent on-year in the June quarter on expectations that some of the banks, which had shown signif ...

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Tatas battle misinformation campaign against salt brand
04 Jan

Tata Group, the country’s largest conglomerate, has been battling to dispel a misinformation campaign about the safety of its biggest brand Tata Sal ...

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Govt. is considering a Rs 74000cr bailout plan for BSNL, MTNL
03 Jan

The government is considering a Rs 74,000-crore bailout plan for the bleeding state-owned telecom companies BSNL and MTNL. The strategy involve ...

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Auto dealers shut shop as sales slow
03 Jan

The ongoing slowdown in the automobile industry — along with the liquidity crisis in the market — has had a crippling effect on the dealer ...

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Ola Electric Mobility has raised $250-million funding from SoftBank
03 Jan

Ola Electric Mobility has raised $250 million (Rs 1,725 crore) from Japanese investment heavyweight SoftBank, valuing the company at close to $ ...

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India's handset makers have asked govt. to limit import duty on high-end phones above Rs 20000 to Rs 4000
03 Jan

India’s handset makers have asked the government to limit import duty on high-end phones above Rs 20,000 to Rs 4,000 — as opposed to 20% of the impo ...

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NCLAT has called out Jaypee Infratech lenders for "Backdoor Negotiations" with Adani
03 Jan

 The National Company Law Appellate Tribunal has called out lenders of Jaypee Infratech for engaging in “backdoor negotiations” with the A ...

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Powers of RBI are wide ranging and Comprehensive: Finance Minister
03 Jan

The finance minister said that the powers of the banking sector regulator, Reserve Bank of India (RBI), are wide-ranging and comprehensive so as to ...

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Passenger Car sales continue to move in reverse gear
02 Jan

Passenger car sales shrank by double digits for the third straight month in June as buyers continued to be put off by higher interest costs followin ...

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IL&FS fallout: ICRA placed MD Naresh Takkar on leave
02 Jan

Moody’s India unit ICRA placed managing director Naresh Takkar on leave until further notice after the market regulator forwarded an anonymous compl ...

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Reliance Jio Infocomm is set to raise $500 million
02 Jan

Jio is set to raise about $500 million (Rs 3,500 crore) in fresh overseas borrowings as India’s newest phone company doubles down on optic-fibre exp ...

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Digital payments through UPI grows 3% in June, Logs 755 million Transaction
02 Jan

Unified payments interface (UPI) recorded a 30% growth in the number of transactions conducted through the platform in June, the highest month-on-mo ...

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Large lenders to the debt laden DHFL agree to consider resolution plan
02 Jan

Large lenders to the debt laden DHFL group have agreed to sign an inter creditor agreement (ICA) on July 5 and consider a resolution plan for the be ...

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Banks have reduced lending rates in response to the cut by RBI
02 Jan

A host of banks have reduced lending rates in response to the cut by the RBI in its policy in June. While ICICI Bank has cut its marginal cost ...

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With Jet in NCLT hanger, Tata group plans to bid for some assets of Jet Airways
01 Jan

The Tata Group plans to bid for some assets of Jet Airways as it undergoes bankruptcy resolution. It had told bankers as much when they sought inter ...

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Banks have alerted RBI about the spike in hedging cost
01 Jan

A dozen large banks have alerted the Reserve Bank of India (RBI) about the spike in hedging cost of corporates as banks are unable to handle surplus ...

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SAT imposed Rs 50000 penalty on SEBI for lapses in probe
01 Jan

The Securities Appellate Tribunal (SAT) imposed a penalty on the Securities and Exchange Board of India (SEBI) in a rare instance of the capital mar ...

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Govt. unlikely to get fiscal boost from RBI surplus
01 Jan

The finance ministry may not get the windfall gain it has been eyeing from Reserve Bank of India (RBI) reserves with the high-level Bimal Jalan pane ...

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PWC resigns as auditor of Eveready Industries
01 Jan

Price Waterhouse & Co Chartered Accountants LLP, a network firm of PwC India, has resigned as an auditor of BSE listed Eveready Industries India ...

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IL&FS has constituted a committee to take up resolution with lenders
01 Jan

The Uday Kotak-led IL&FS board has constituted a six-member empowered committee to finalise the asset-wise framework for resolution with lenders ...

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International fares take to the sky due to grounded Jet
29 Jan

The slump in international capacity created by the grounding of Jet Airways has led to a steep rise in overseas airfares. Flights to destinations su ...

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India is likely to revamp its customs duty regime to boost make in India, exports
29 Jan

India is likely to revamp its customs duty regime, weeding out some exemptions and correcting inverted duty structures to give a boost to the govern ...

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E-sports gaming is now seeing investors attention
29 Jan

E-sports, or gaming that involves multiplayer professional gamers and tournaments offering lucrative price money, is now seeing investor a ...

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Fintech startup Avail Finance has raised an undisclosed amount from Ola
29 Jan

Blue-collar workforce- focused financial technology startup Avail Finance has raised an undisclosed amount from ride-hailing major Ola. The st ...

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Fiscal deficit at 52% of budget target for FY20
29 Jan

The country’s fiscal deficit at the end of May was at 52% of the budgeted target for the current financial year. This may pose some challenge f ...

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Small savings rate cut by0.1% for July-September quarter
29 Jan

The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The mov ...

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Cafe Coffee Day founder VG Siddhartha seeks Rs 8000-10000 cr valuation
28 Jan

Cafe Coffee Day founder VG Siddhartha is seeking a valuation of between Rs 8,000 crore and Rs 10,000 crore from Coca-Cola for the coffee chain he se ...

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New rules on TDS gives additional power to taxman to initiate prosecution against evaders
28 Jan

The government’s move to tighten regulations that would serve as a deterrent for tax evaders has got the India heads of several multinationals worri ...

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Govt. is planning to set up a national data governance centre to hold and manage all public data
28 Jan

The government is planning to set up a national data governance centre to hold all public data, and establish guidelines for the management, sharing ...

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SEBI puts safety net around liquid, debt fund investors
28 Jan

Markets regulator Sebi on Thursday said that every liquid fund should put at least 20% of its total corpus in highly liquid and zero-risk debt ...

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IL&FS crisis to bring discipline into Non Banking Finance Companies
28 Jan

The Reserve Bank of India (RBI) has said that the failure of the lar ...

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State-owned Telcos are battling heavy salary bills: DoT wants aid for BSNL, MTNL
28 Jan

The state-owned telcos BSNL and MTNL are battling heavy salary bills, unlike their private sector competitors. It has sought an immediate budget ...

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Coca-Cola sits down for stake talks over coffee with Cafe Coffee Day
27 Jan

Coca-Cola is in exclusive talks to pick up a significant stake in Café Coffee Day (CCD) as the soft drinks giant looks to gain a foothold in the rap ...

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IL&FS board to consider release of payments to creditors.
27 Jan

The Infrastructure Leasing & Finanacial Services board will on June 28 take up a proposal to release stuck payments of creditors in 13 group entit ...

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Whats App has set up data storage facilities , all set to open payments tap.
27 Jan

Whats App has set up data storage facilities within India for its payments business, according to two people in the know, paving the way for a full fl ...

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SC Puts stay on settlement of equity derivatives trades of Mumbai-based Broking Firm.
27 Jan

The Supreme Court has put on hold the settlement of equity derivatives trades done by Mumbai-based broking firm Allied Financial Services by illegally ...

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I-T department to share details of assets, accounts of loan defaulters with banks: CBDT .
27 Jan

Income tax authorities will share details of assets of borrowers and their guarantors with public sector banks in case of loan defaults. 

...

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Lack of 4G, Staff Costs Slow Down BSNL, MTNL in Data Race.
27 Jan

Absence of 4G services and high employee costs are dragging state-run Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telecom Nigam Ltd (MTNL) behind wh ...

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Bharti Airtel has prepaid loans over Rs 22000 Cr
26 Jan

Bharti Airtel has prepaid over Rs 22,000 crore of rupee-denominated domestic loans to multiple banks using a majority of the carrier’s Rs 25,000-cro ...

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RBI panel wants Govt online loan application platform to reach out to startups
26 Jan

Government-promoted online loan application platform Psbloansin59minutes should expand coverage and extend loans to startups, an expert committee on ...

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Goyal for Reciprocity on Foreign Direct Investment, Ecomm talks with partners
26 Jan

Commerce and industry minister Piyush Goyal has said the government will engage with its trade partners on issues of foreign direct investment (FDI) ...

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Any ban on audit firms may not impact entities that are part of network
26 Jan

Any ban on audit firms may not impact those entities that are part of their networks or their lead partners, a senior government official said. This ...

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Loan sanctions by NBFCs have fallen 31% in Jan-Mar
26 Jan

Loan sanctions by non-banking finance companies (NBFCs) have fallen 31% in the fourth quarter of FY19. Barring gold and personal loans, sanctio ...

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E-comm meeting sees swadeshi, videshi divide
26 Jan

A meeting on the controversial Press Note 2 on FDI in e-commerce marketplace turned into a verbal spat between the “swadeshi” ecommerce players ...

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Madras HC dismissed Cognizant's plea on Rs 2912 cr Dividend Distribution Tax
26 Jan

The Madras High Court June 25 dismissed a batch of petitions from IT major Cognizant challenging the recovery proceedings initiated by the income ta ...

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Without banks on board, Jet probe fails to move ahead
25 Jan

Enforcement officials say they are finding it difficult to investigate alleged wrongdoing at the grounded Jet Airways due to lack of formal complain ...

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Exit of Acharya from RBI as deputy governor marks the end of conservative era
25 Jan

The exit of Dr. Viral Acharya from the Reserve Bank of India as deputy governor will probably mark the end of the reign for conservatives with ...

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I-T dept. issued Rs 64700 Cr. worth of refund in FY20
25 Jan

The Income Tax department has issued Rs 64,700 crore worth refunds in the current fiscal, and for full 2018-19 fiscal the amount released was over R ...

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Piyush Goyal on Monday introduced a bill to allow trusts to set up units in SEZ
25 Jan

Commerce and industry minister Piyush Goyal on Monday introduced a bill to allow trusts to set up units in special economic zones (SEZs). The U ...

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RBI has introduced complaint management system (CMS) on its website
25 Jan

The Reserve Bank of India Monday launched an application on its website for lodging complaints against banks and NBFCs with a view to improve custom ...

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The number of willful defaulters in PSBs has increased by 60% to 8582 in 5 years
25 Jan

The number of willful defaulters in nationalised banks has increased by over 60 per cent to 8,582 in five years to March 2019. By the end of 2014-15 ...

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Coca-Cola India looks to exit bottling activity
24 Jan

Coca-Cola India has begun exploring the process of divesting its asset-heavy bottling partner Hindustan Coca-Cola Beverages’ plants in line with its ...

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Sony India is expecting 10-15% sales growth this fiscal
24 Jan

Sony India is eyeing sales growth of 10-15% this fiscal, snapping two years of de-growth, led by its premium TV range, audio products and camer ...

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Data protection, Aadhaar bill listed for budget session
24 Jan

Three bills key to India’s data privacy and protection regime are among the 40 bills tentatively listed to be taken up in the first session of the s ...

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With no viable revival plan, NCLT has approved a proposal to liquidate S Kumars
24 Jan

The bankruptcy court has approved a proposal to liquidate S Kumars Nationwide (SKNL), after its lenders failed to receive any viable revival plan fo ...

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Concern of solvency of some institutions are weighing on markets: Uday Kotak
24 Jan

Kotak Mahindra Bank vice-chairman and managing director Uday Kotak has said that concerns of solvency of some institutions are weighing on markets. ...

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Startup India fund fell short of its capital allocation target by around Rs.1000-1200 Cr.
24 Jan

The Startup India fund fell short of its capital allocation  target by around Rs 1,000-1,200 crore, despite initial euphoria. The Startup ...

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GST Council has extended tenure of Anti-Profiteering Body
22 Jan

India has extended the anti-profiteering framework under the goods and services tax (GST) by another two years while also making the rules more stri ...

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NCLT didn't have the jurisdiction to ban us, say Deloitte and KPMG
22 Jan

Deloitte Haskins & Sells and BSR & Associates, a KPMG network firm, said the National Company Law Tribunal (NCLT) didn’t have the jurisdicti ...

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NCLT approves Anish Nanavati of Deloitte as Resolution Professional for RCom
22 Jan

The dedicated bankruptcy court has cleared the appointment of Anish Nanavaty of Deloitte as the Resolution Professional (RP) for Reliance Communicat ...

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Govt. made it mandatory for multiplexes to shift to an electronic ticketing system
22 Jan

The government on Friday made it mandatory for multiplexes to shift to an electronic ticketing system to check possible goods and services tax ...

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Government's Dighi ports U-turn latest blow to insolvency
22 Jan

India's largest port JNPT may be forced to pull out from the race to acquire Dighi Ports under the insolvency resolution  process after th ...

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Public Sector Cos' borrowing impact on inflation overblown
22 Jan

Reserve Bank of India governor Shaktikanta Das has received support from Bank of America Merrill Lynch (BofAML) on his view that fiscal risks from r ...

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Enforcement Directorate rejects Mehul Choksi's affidavit, offer to join probe in Antigua
22 Jan

The Enforcement Directorate has rejected jeweller Mehul Choksi’s offer to join investigation into the alleged fraud he and his nephew Nirav Modi cau ...

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IndiGo and GoAir oppose process of allocation of Jet Airways' foreign flying rights
21 Jan

The aviation ministry has distributed Jet Airways’ foreign flying rights among Indian carriers through an allocation process that was opposed by air ...

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Tax Department may not get to reopen cases beyond 4 Yrs
21 Jan

India is considering a plan to limit the period for reopening of the past tax assessments to four years against six now, barring cases in whi ...

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Ahead of NCLT hearing, BSR & Associates has resigned as an auditor of IFIN
21 Jan

BSR & Associates, part of global accounting firm KPMG’s network in India, has resigned as an auditor of IL&FS Financial Services (IFIN), whi ...

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SIAM has raised an alarm over duty concessions on 28 products including Cars and Diesel Buses
21 Jan

India’s umbrella body for automakers fears an onslaught of cheap imports as the government offers duty cuts on 28 products, including cars, diesel b ...

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SoftBank fund begins talks to back health startup CureFit
21 Jan

SoftBank Vision Fund is in discussions to invest over $200 million in healthcare and wellness startup CureFit co-founded by Mukesh Bansal, ...

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DSC highway arm faces insolvency process
21 Jan

Lenders have referred DSC's Lucknow-Sitapur project to the National Company Law Tribunal(NCLT) for insolvency resolution, even as banks are grappling ...

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Customs officials likely to get more powers
20 Jan

Indian customs officials could soon get more powers to effectively deal with growing tax frauds of integrated goods and service tax credits. The go ...

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Income Tax Appellate Tribunal has upheld I-T's case against NDTV's Roys
20 Jan

The Income Tax Appellate Tribunal (ITAT) has upheld the income tax department's contention that New Delhi Television (NDTV) founders Prannoy Roy a ...

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SEBI moves SC for clarity over jurisdiction issues with NCLT
20 Jan

India’s capital-markets regulator and its bankruptcy administrator await clarity over which of the two arms of the law gets to deal with fraudulent ...

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Govt. turns down Traders' E-Commerce regulator demand
20 Jan

The government has ruled out the possibility of a regulator for the ecommerce sector as it prepares to finalise a national policy on e-commerce. “Tr ...

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3500 exporters whose customs records are not matching with their I-T returns are under Lens
20 Jan

The government has trained its guns on around 3,500 exporters whose customs records are not matching their income tax returns, while another 3%-odd ...

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No shortage of jobs with salaries up to Rs 20,000
20 Jan

There is a lot of chatter that there is jobless growth. Many people do not subscribe to this view because day in and day out, they see a lot of dema ...

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Enforcement Directorate is likely to summon Naresh Goyal in Jet privilege case
19 Jan

The Enforcement Directorate (ED) is likely to summon Jet Airways founder Naresh Goyal for questioning over alleged wrongdoing related to stake sales ...

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India may cut the GST on Electrical Vehicles
19 Jan

India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for th ...

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Mobile Wallets are counting on video KYC to ease pain
19 Jan

Mobile Wallet forms are trying to put in place customer Identification processes to adhere to the August 31 deadline when the full Know Your Customer ...

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RBI to address India Inc's data woes
19 Jan

A day after commerce and industry minister Piyush Goyal met industry leaders to discuss issues related to e-commerce, the government said the Reserv ...

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Airtel, Voda Idea are gearing up to challenge any DoT penalty over PoI issue
19 Jan

Bharti Airtel and Vodafone Idea are gearing up to challenge any penalty order from the Department of Telecommunications (DoT) for allegedly denying ...

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NCLT's principal bench has ordered the liquidation of Moser Baer Solar
19 Jan

NCLT has ordered the liquidation of Moser Baer Solar, which is joining Moser Baer, the high-profile disc maker that met the same fate a few months a ...

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Jet stock crashes 41%, remaining 2 directors quit
19 Jan

The endgame for Jet Airways has started with lenders deciding to take the airline to insolvency court. The airline's last two remaining directo ...

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Deloitte global CEO met top Indian officials to persuade them against a possible ban
18 Jan

Deloitte global CEO Punit Renjen met top Indian officials on Friday to persuade them against a possible ban over perceived omissions in the firm’s r ...

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Lenders have decided to take grounded Jet Airways to Bankruptcy Court
18 Jan

Lenders led by State Bank of India have decided to take the grounded Jet Airways to bankruptcy courts after failing to stitch together a revival pla ...

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IndiGo Airline places $20-bn order for Leap-1A engine with CFM International
18 Jan

As problem with Pratt & Whitney's gear turbofan engines continue to impact Indigo's Airbus 320 fleet, the airline on Monday announced to change ...

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Govt. looks to provide collateral-free loan up to Rs. 50 lakh to small units
18 Jan

The government is studying the feasibility of rolling out a scheme that provides collateral-free loans of up to Rs 50 lakh to entrepreneurs. The con ...

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New rules notified to rein in tax evaders
18 Jan

Indulgence in serious criminal cases of money laundering, terror financing, corruption, possession of benami properties and undisclosed foreign asse ...

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Govt. firm on e-comm, data security
18 Jan

The government on Monday made it clear that it  was unwilling to tolerate any deviation from norms for e-commerce as it vowed to protect the in ...

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MCA is expected to move the court for freezing IL&FS Ex- Directors' properties
17 Jan

The Ministry of Corporate Affairs (MCA) is expected to move court for freezing the bank accounts and properties of some of the past directors of IL& ...

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Wipro taps its Intellectual Property to efficiently deliver Software Services
17 Jan

Wipro is pushing technology solutions based on its intellectual property (IP) to efficiently deliver software services to its customers and tap grow ...

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Foreign, Indian global firms in a fix over likely ban of two audit firms in India
17 Jan

As the spectre of ban looms over KPMG and Deloitte, both multinationals and Indian companies with global operations are in a fix over their au ...

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New accounting rules may significantly impact Cos with long term Leases: CLSA
17 Jan

The new accounting standard AS-116, which came into effect from April, is expected to significantly impact financial reporting for companies with lo ...

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Govt. is looking at a fresh set of tax sops for startups in budget
17 Jan

The government is looking at a fresh set of tax benefits for startups to boost entrepreneurship and employment in the economy. The de ...

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Jet lenders running out of runway
17 Jan

Lenders do not see much of an upside for them from any of the proposals for reviving Jet Airways. Most of the proposals involve banks taking a hairc ...

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After multiple pauses, India decided to raise Tariffs on 29 US goods
15 Jan

India has decided to raise import tariffs on 29 goods from the US after having deferred retaliatory higher duties multiple times since announcing th ...

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Income Tax Department summoned Jet Airways founder Naresh Goyal in Evasion Case
15 Jan

The income tax (IT) department recently summoned Jet founder Naresh Goyal for questioning in an alleged tax evasion case, said people with knowledge ...

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With Electrical Vehicles in demand, Auto Cos are looking to pare cost by reskilling
15 Jan

Automobile sales may be falling, but the demand for skilled professionals in the electric vehicles (EV) sector is rising. The likes of Tata Motors, ...

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Trade Unions have slammed the govt. for reducing ESI contribution
15 Jan

Trade unions have condemned government's move to reduce ESI contribution saying it will benefit employers and make it difficult for ESIC to meet the ...

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Wholesale Price Index inflation eases to 22-month low of 2.45%
15 Jan

Inflation measured by the Wholesale Price Index eased to a 22-month low in May, driven down by manufactured items and fuel where prices have co ...

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Exports sluggish, trade deficit widened to a six-months high
15 Jan

The country's exports grew nearly 4% to $30 billion in May,  while imports rose 4.3% to $45.3 billion and the trade deficit widened to a s ...

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NBFC liquidity drought won't affect Yes Bank
14 Jan

Yes Bank will not be impacted by the liquidity crisis that has affected a few non-banking financial institutions, and there are unlikely to be any n ...

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Bank to consider Inter-Creditor Agreement revision, could ask RBI to formulate required changes
14 Jan

Banks are in a fix over the Reserve Bank of India’s (RBI) revised circular addressing resolution of stressed assets which insists on an inter-credit ...

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NHAI is looking to make BOT projects more attractive
14 Jan

The National Highways Authority of India (NHAI) is looking to tweak the build-operate-transfer (BOT) framework of highways development as the govern ...

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Govt. has reduced ESI contribution rate to 4%
14 Jan

The government has reduced the contribution under the Employees’ State Insurance (ESI) Act to 4% from 6.5%, a move expected to increase the takehome ...

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American Tower Corporation approached NCLT for videocon consolidation
14 Jan

Telecom Infrastructure firm American Tower Corporation (ATC) has approached the bankruptcy court challenging the consolidation of Videocon Telecommu ...

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Tatas await final decision on govt. petition to ban Deloitte, BSR
14 Jan

Tata Group chairman N Chandrasekaran has said that the enterprise will await the final decision on the government’s petition to ban Deloitte Ha ...

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PwC resigns as auditor of Reliance Capital& Home Finance
13 Jan

  Price Waterhouse & Co (PwC) has informed the ministry of corporate affairs about certain alleged irregularities in the books of accoun ...

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TRAI gives telcos more time to implement new MNP rules
13 Jan

The telecom regulator has extended the deadline for telcos to implement the revised mobile number portability (MNP) rules from June 13 to September ...

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Loans to IL&FS: IndusInd Bank acted on assurance from SBI, LIC
13 Jan

Two key investors in Infrastructure Leasing & Financial Services — Life Insurance Corporation and State Bank of India — had asked IndusInd Bank ...

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RBI seeks fortnightly update on fin action taken by IFIN board
13 Jan

After the Serious Fraud Investigation Office (SFIO) charge sheet suggested that the Reserve Bank of India (RBI) should conduct an internal inquiry, ...

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ED summons IL&FS’ auditors in money laundering case
13 Jan

In fresh trouble for auditors of Infrastructure Leasing & Financial Services (IL&FS) and its subsidiaries, the Enforcement Directorate (ED) ha ...

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Subsidy proposals this week to set up 5,000 e-charging stations
13 Jan

The government will within this week float two large proposals offering subsidy to states for deployment of 5,000 electric charging stations in citi ...

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Deloitte, BSR ban may leave big gap in Audit Inc's Books
12 Jan

The Indian audit industry is staring at an upheaval if the National Company Law Tribunal (NCLT) accedes to the government’s demand to ban Deloitte H ...

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Yes bank founder Rana Kapoor's demand for a seat on the board
12 Jan

Yes Bank founder Rana Kapoor’s demand for a seat on the board and compensation for lost payment has thrown the private sector lender’s board into a ...

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Reliance group has serviced over Rs 35000 crores of debts in last 14 months
12 Jan

Reliance chairman Anil Ambani has said that the enterprise  has serviced over Rs 35,000 crore of debts in the last 14 months. He said that ...

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Passenger vehicle sales crashed most in a month in 18 yrs
12 Jan

Sales of cars and SUVs crashed the most in a month in 18 years as the slowdown in the economy and factors such as job losses and tight liquidit ...

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Auto Cos are offering vehicles for a monthly rental with no down payment
12 Jan

Consumers can now drive home their dream car without making a down payment, enjoy hassle-free maintenance services and upgrade to a new product of t ...

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India's IT services sector revenue is expected to grow 6-8%
12 Jan

India’s IT services sector revenue is expected to grow 6-8% in dollar terms this fiscal year, on continued demand for newer digital services fr ...

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Govt. moves NCLT to debar Deloitte & BSR
11 Jan

The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and B ...

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Govt. panel is considering to allow private companies to sell subsidized LPG
11 Jan

The government has set up an expert panel to consider allowing private firms to sell subsidised cooking gas — a long-standing demand for companies l ...

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ITC denies making any offer to acquire assets of Leelaventure
11 Jan

ITC has said it has not made any offer to acquire the assets of hotel Leelaventure, putting to rest speculation that it is keen to ...

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Indian IT services firm may face volatile growth in the banking services
11 Jan

Indian IT services firms, which earn over a third of their revenue from banking industry, could see business turn volatile as large client ...

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Indian Govt. will shortly finalise list of 5G spectrum bands for ITU meet
11 Jan

The government will shortly finalise a master list of spectrum bands that India will push for deployment in 5G telecom services at the International ...

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NBC Bearings' revenue up 22%, at Rs 2511 crore in FY19
11 Jan

National Engineering Industry Ltd (NEI) part of $2-bn CK Birla Group, which manufactures and sells bearings under NBC brand has clocked a revenue of ...

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IL&FS is likely to file contempt proceedings against 9 large banks
10 Jan

The government-appointed board of Infrastructure Leasing & Financial Services (IL&FS) is likely to file contempt proceedings against nine la ...

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Two Jet suppliers file petition in bankruptcy court
10 Jan

The Mumbai bench of the bankruptcy court is scheduled to hear on Monday insolvency petitions filed against Jet Airways by two of its suppliers, a de ...

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Reliance power write-offs, impairment raise concern over debt repayments
10 Jan

Delay in debt repayment  and impairment undertaken by Reliance Power are adding to the woes of Anil Ambani led Reliance group which is anyway d ...

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RBI has slapped a penalty of Rs 2 crore on Kotak Mahindra Bank
10 Jan

The Reserve Bank of India (RBI) has slapped a penalty of Rs 2 crore on Kotak Mahindra Bank for failure to adhere to the regulator's diktat on promot ...

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SEBI to tighten rules to save MFs from delay in payments
10 Jan

Markets regulator Sebi plans to come out with tougher norms for debt instruments issued by companies with promoter’s shares as collateral ...

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MCA favours setting up National Institute for Valuers
10 Jan

 The time is ripe for the setting up of a national level institute for valuers along the lines of the CA Institute, Corporate Affairs Secretary ...

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RBI issued fresh circulars for defaulting companies
08 Jan

The Reserve Bank of India issued the much-anticipated, revised circular on dealing with defaulters that retained the original spirit of its efforts ...

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Dewan Housing Financing Corp. Ltd. pays Commercial Paper, FD Investors
08 Jan

Embattled Dewan Housing Financing Corp. Ltd. (DHFL) is said to have repaid Rs 100 crore to investors in its commercial paper(CP) - short term debt s ...

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Securities and exchange board of India pause on Leela assets sale has investors worried
08 Jan

Stakeholders in debt-laden Hotel Leelaventure are apprehensive that a deal to sell company assets to Brookfield may go the way of Jet Airways after ...

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G20 Nations ready to endorse new tax framework to ensure fair play
08 Jan

India and other G20 members are set to endorse a new tax framework that could force multinational companies to abandon aggressive tax planning and t ...

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SBI has become first lender to link the cost of home loans to RBI's repo rate