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Centre to scrap 51% holding clause to privatise insurer
26 Jul

The government is ready with a proposal to amend insurance laws to privatise one of the three unlisted general insurance companies.The draft Bill, whi ...

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Govt needs to act if consumption slows: HUL
26 Jul

After two waves of Covid, Hindustan Unilever (HUL), which is tackling cost headwinds, has said it will navigate a third wave as well. Armed with a por ...

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Jio user additions to be strong, but per-user revenue a worry
26 Jul

Telecom market leader Reliance Jio’s user additions are expected to be strong going forward, analysts said, though the dilution in average revenue per ...

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Several companies, individuals get tax notices as data analytics uncovers gaps in filings
26 Jul

Several firms and individuals who might have averted paying taxes have come beneath the taxman’s lens following an elaborate investigation based mostl ...

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HDFC gets $250mn IFC loan for green, low-cost hsg
26 Jul

IFC, the investment arm of World Bank, has extended a $250-million loan to HDFC to support the mortgage lender’s moves to grow its affordable housing ...

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Covid-19 claims to exceed 50% of Q1 health payouts; 16,000 crore cleared
26 Jul

Even as the second wave of Covid ebbs, claims continue to pour in for health insurance companies. As a result, payout due to Covid-19 claims is likely ...

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India’s future economic path is tougher than 1991: Manmohan Singh
24 Jul

Over the last three decades, successive governments have followed the path of economic reforms to catapult the country into a $3-trillion economy. And ...

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Hindustan Zinc net profit rises 46% to Rs 1,983 cr in Q1
24 Jul

Vedanta group firm Hindustan Zinc Ltd (HZL) on Thursday reported a 45.9 per cent rise in net profit to Rs 1,983 crore for the quarter ended on June 30 ...

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NCLAT won’t stay Piramal plan for DHFL
24 Jul

The National Company Law Appellate Tribunal (NCLAT) on Friday refused an interim stay on Piramal Group’s resolution plan for Dewan Housing Finance (DH ...

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HC allows CCI to probe Amazon & Flipkart
24 Jul

In a further setback for e-commerce majors Amazon and Flipkart, a division bench of the Karnataka high court on Friday dismissed their writ appeals ch ...

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RIL Q1 profit rises 4% to nearly Rs 14k cr
24 Jul

Reliance Industries (RIL), India’s largest company in terms of market value, reported a modest rise in quarterly profit on Friday, helped by higher pr ...

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RBI raises loan limit to Directors on bank boards to Rs 5 cr
24 Jul

The Reserve Bank of India (RBI) has raised the limit of loan that can be given by banks to a Director on the board of other bank to Rs 5 crore fr ...

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RBI:It’s time for digital currency to counter crypto
23 Jul

The Reserve Bank of India (RBI) has said that it is working towards a phased implementation strategy for its digital currency and examining use cases ...

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Reforms galore since ’91, but execution weak
23 Jul

Bimal Jalan, a former Reserve Bank of India governor and ex-finance secretary, has been a key player in reforms unveiled over the years. A veteran pol ...

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Black Buck 16th unicorn in 2021
23 Jul

Logistics tech enterprise BlackBuck is India’s 16th unicorn (valued at over $1 billion) this year as the company closed a $67-million series-E round o ...

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Audi drives in electric in India; considers local production to get competitive
23 Jul

Electric is the buzzword for German luxury maker Audi which drove in its first set of green cars in India under the e-tron badging, costing Rs 1 crore ...

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Financial bids for Air India expected by mid-Sept: Govt
23 Jul

While financial bids for Air India (AI) are expected by mid-September, the government does not foresee some foreign mega corporations suing AI to reco ...

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India tough place for business: US report
23 Jul

The US State department has said that India remains a challenging place to do business despite some of the reform measures, such as labour and farm la ...

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Government may restrict benefits for employees of Air India
22 Jul

The government is likely to limit employee benefits only up to the time it is an owner of cash-guzzler national carrier Air India, setting the templat ...

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'Pawan Munjal can't use 'Hero' tag for electric vehicles'
22 Jul

In a setback for the Pawan Munjal-run Hero MotoCorp, a 2010 family settlement bars the company and its promoter from using the popular ‘Hero’ brand na ...

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Byju’s acquires US kids’ reading co for $500mn
22 Jul

Byju’s has acquired US digital reading platform Epic, focused on kids 12 and under, for $500 million. The acquisition will bolster Byju’s strategy to ...

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Genpact, TCS among top 10 BPM providers
22 Jul

ADP (US), Teleperformance (France), Accenture, Concentrix (US) and Arvato (Germany) are the world’s top BPM providers, shows a ranking by research fir ...

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High court order on diabetes drug patent may reduce prices
22 Jul

The cost for treating diabetes is expected to come down with the Delhi high court having dismissed an appeal by AstraZeneca, which had sought the rest ...

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Government departments: E-commerce rules to hit investor sentiment
22 Jul

Several government departments have expressed concerns over the proposed consumer protection norms for e-commerce companies, arguing that it will impa ...

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SoftBank leads $1.25bn funding round in Indian food delivery start-up Swiggy
21 Jul

Indian food delivery start-up Swiggy raised $1.25 billion in a new funding round led by SoftBank Vision Fund 2 and its existing investors Prosus, Acce ...

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Snapdeal flips business model, won’t sell high-end brands
21 Jul

Homegrown online marketplace Snapdeal, which was once competing with Flipkart and Amazon, has flipped its business model to target the value-conscious ...

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Wipro commits $1bn to cloud tech over 3 years
21 Jul

Wipro has said it will invest $1 billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years. The company has ...

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Demand dips for loans guaranteed by govt
21 Jul

The emergency credit line guarantee scheme (ECLGS), which was a major driver of loan demand in the first phase of the pandemic, is seeing a tapering o ...

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Govt seeks Parliament nod for Rs 1.87 lakh crore supplementary demands for this fiscal
21 Jul

The government sought approval for additional expenditure of Rs 1.87 lakh crore from Lok Sabha, as part of the first batch of supplementary demand for ...

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IOC will use green energy to power all new capacity
21 Jul

We have to be in sync with the government saying that by 2050 we all should be net-zero. But we should also clearly understand the realities of this p ...

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Piyush Goyal wants 10 times growth in textiles sector capacity
19 Jul

Piyush Goyal, the new textiles minister, has set an ambitious target of scaling up the industry’s capacity by 10 times, amid indications that the gove ...

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2nd wave: HDFC Bank cautious on retail business
19 Jul

The second wave of the pandemic has turned HDFC Bank cautious with respect to retail loans. The bank’s overall retail loan book shrank from Rs 5.27 la ...

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SBM Bank ties up with 30 fintechs to grow deposits
19 Jul

SBM Bank, a wholly owned subsidiary of State Bank of Mauritius, has partnered 30 fintech firms as a part of its strategy to acquire customers using th ...

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Flipkart says CCI probe shouldn't treat it the same as Amazon
19 Jul

Walmart's Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was "qualitativel ...

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IT spends to grow 8% in 2021
19 Jul

Tech spending is expected to touch $92.8 billion in 2021, growing 8% from 2020 — faster than an earlier forecast of 7.3% — as companies scramble to ta ...

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Mindtree sees broad-based growth in client demand
19 Jul

Mindtree is seeing a broad-based demand from clients, spanning across geographies, verticals and service lines, CEO Debashis Chatterjee said. This, he ...

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Zomato IPO subscribed 38 times led by institutional bidders
17 Jul

The initial public offering (IPO) for food delivery major Zomato was subscribed a little over 38 times, led by institutional investors with a 52 times ...

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Reliance Retail buys Just Dial for Rs 5,710cr
17 Jul

Reliance Retail Ventures, an arm of RIL, is buying Just Dial in a cash deal worth Rs 5,710 crore, as India’s largest and most profitable player enters ...

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Paytm eyes largest Indian IPO to raise Rs 16,600 crore
17 Jul

After months of speculation and hectic activities, digital payments major Paytm finally set the ball rolling to get listed through a Rs 16,600-crore I ...

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Sebi defends intervention prior to EGM of PNB Hsg
17 Jul

Markets regulator Sebi on Friday informed the Securities Appellate Tribunal (SAT) that it had to intervene ahead of the extraordinary general meeting ...

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FedEx invests $100 mn in Delhivery ahead of IPO
17 Jul

FedEx Express, a unit of American transportation giant FedEx Corp., on Friday said it has agreed to invest $100 million in logistics services provider ...

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Losses of Discoms drop 38% to Rs 38,000 crore
17 Jul

Losses of distribution companies (discoms) have declined by 38% to Rs 38,000 crore in FY20 from Rs 61,360 crore in FY19 as reforms initiated by the Ce ...

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Payments tech economy’s lifeline, vital for financial inclusion: RBI governor
16 Jul

RBI governor Shaktikanta Das has said payment systems are seen to be the lifeline of an economy and are now recognised as a means of achieving financi ...

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RBI: Near-term prospects for eco brighter
16 Jul

The state of the economy report published by the RBI in its monthly bulletin has said that the tapering of the second wave, coupled with an aggressive ...

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Wipro business grows 21% in Q1, ‘best ever’ quarter
16 Jul

Wipro reported a 21.3% growth in constant currency for its IT services business in the first quarter, compared to the same period last year. But 7.7% ...

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India: Developed nations skipping patent waiver
16 Jul

India has blamed developed country members for pushing a deal on fisheries subsidies, without showing the same enthusiasm for patents waiver talks, wh ...

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Ban on Mastercard will hit card issuers having exclusive tie-ups
16 Jul

RBI’s restrictions on Mastercard will hit credit card issuance by a host of entities. Issuers like RBL Bank and Yes Bank and entities like Indigo, Mar ...

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Swiggy pilots model to tap into direct deliveries
16 Jul

In a move that may change the dynamics of the online food delivery model in India, Swiggy is piloting an ‘order direct’ service that will reduce commi ...

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RBI bars Mastercard from issuing new cards from July 22
15 Jul

In a major supervisory action, the Reserve Bank on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, debit and prepaid ca ...

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Mutual fund investors have final say in scheme’s closure: SC
15 Jul

The Supreme Court on Wednesday empowered investors in a mutual fund scheme to have the final say on its closure after trustees who manage it give a “r ...

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Infosys Q1 best in 10 years with revenue up 17%
15 Jul

Infosys continues to make a remarkable recovery from the depths of the pandemic a year ago. The company's revenue was up 16.9% in constant currency fo ...

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Govt approves extension of RoSCTL scheme till 2024 for textiles exporters
15 Jul

Garment exporters will continue to get a rebate on central and state taxes on their outward shipments as the government on Wednesday approved extensio ...

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Pricey fuel to affect auto industry's recovery: Siam
15 Jul

The auto industry has raised a red flag over the spike in fuel prices and said that expensive petrol and diesel will hit demand for cars and two-wheel ...

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Kirloskar family feud reaches SC; Sanjay challenges HC's order for arbitration
15 Jul

The festering Kirloskar family feud over the deed of family settlement (DFS) relating to the assets of 133-year-old corporate group has reached the Su ...

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Maruti Suzuki plans Rs 18,000 cr investment for new Haryana plant
14 Jul

Carmaker Maruti Suzuki plans to invest up to Rs 18,000 crore for a new factory in Haryana to make a peak million units annually, said the company’s ch ...

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S&P Global Ratings retains its lowest rating for India for investment
14 Jul

S&P Global Ratings on Tuesday affirmed its lowest investment-grade sovereign rating (BBB-) for India with stable outlook, holding that the country ...

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Zomato IPO subscribed 35 times by anchor investors
14 Jul

The Indian food delivery startup Zomato got about 35 times more bids from anchor investors than it intended to sell in its blockbuster initial public ...

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Government aims to list LIC by Q4 of FY22: Dipam secretary
14 Jul

The Centre aims to list state-run insurance behemoth LIC by the last quarter of the current financial year and merchant bankers for the transaction wo ...

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Rising fuel prices forces consumers to cut health spends: SBI Report
14 Jul

A spike in fuel prices, which are near record highs, is not just impacting the inflation number but may be forcing consumers to cut nondiscretionary s ...

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SAT questions SEBI over trying to influence PNB Housing's Meeting
14 Jul

The Securities Appellate Tribunal (SAT) on July 13 pulled up markets regulator Sebi for trying to pre-empt the outcome of the PNB Housing Finance shar ...

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MobiKwik files for Rs 1,900cr IPO, before Paytm
13 Jul

Ahead of the IPO by the country’s digital payments major Paytm, its peer MobiKwik has already gone a step ahead and filed the draft offer document wit ...

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Cabinet nod to mega LIC public offer
13 Jul

The stage is set for the country’s biggest IPO with the Union Cabinet approving the share sale of the state-run insurance behemoth Life Insurance Corp ...

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Paytm eyes Rs 2k cr before Rs 16.6k cr IPO
13 Jul

Paytm parent One97 Communications will raise $268 million (Rs 2,000 crore) in a round ahead of its initial public offering (IPO) by issuing shares to ...

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NPCI issues guidelines for prepaid UPI e-vouchers
13 Jul

Paving the way for a prepaid Unified Payments Interface — or UPI — platform, the National Payments Corporation of India (NPCI) has come out with guide ...

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Lenders set up bad bank for loans in default
13 Jul

Public sector lenders led by Canara Bank have officially formed the bad bank — the National Asset Reconstruction Company (NARC). Their next step now i ...

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Flipkart raises $3.6 billion at $37.6 billion valuation
13 Jul

Flipkart raised $3.6 billion as part of a new funding round led by parent Walmart Inc. and returning investor SoftBank Group Corp., valuing the IPO-bo ...

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Insurance business: MNCs can own 74%, but FIIs, PEs hold the key
12 Jul

The government last week notified amendments to regulations for the insurance sector that enabled an increase in foreign investments — up to 74% from ...

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Zomato’s Rs 60k cr IPO valuation creates buzz
12 Jul

The valuation of food delivery major Zomato, which is going public through an IPO with an indicative market capitalisation of around Rs 60,000 crore, ...

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Job market gets a boost in June as economy opens up
12 Jul

Phased unlocking and resumption of commercial activities boosted hiring sentiments in June as new job requirements rose around 15%-20% on an average m ...

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US "Very Concerned" that Covid variants could risk recovery
12 Jul

US Treasury Secretary Janet Yellen said on Sunday she was "very concerned" about the risk that new variants of coronavirus could pose to the global ec ...

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A month since launch, glitches continue to mar I-T portal functioning
12 Jul

A month after its launch and two weeks after the finance minister reviewed its functioning, technical glitches continue to mar the functioning of the ...

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Govt may withdraw duty relief on 97 items
12 Jul

The Finance ministry is planning to withdraw import duty concessions on as many as 97 items as part of a planned rejig of customs duty structure, an o ...

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Ola set for $500mn pre-IPO round from Temasek & others
10 Jul

Bengaluru-headquartered ANI Technologies, parent of ride-hailing app Ola, is set to raise $500 million from existing investor Temasek and Plum Wood In ...

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RBI asks banks to send key employees on 10 day surprise leave
10 Jul

In an effort to tighten its risk management guidelines, the Reserve Bank of India (RBI) has asked banks to send vital staff on mandatory surprise leav ...

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Government, LIC may exit IDBI Bank
10 Jul

The government is looking to completely sell its stake in IDBI Bank, with Life Insurance Corporation (LIC) too selling its shares in the lender, altho ...

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Exchanges seek prompt information on companies facing IBC
10 Jul

Aimed at enhancing information flow about listed companies undergoing corporate resolution under the Insolvency & Bankruptcy Code (IBC), the bours ...

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Safety gaps in auto supply chains
10 Jul

Calling for an introspection in safety protocols of various supply chain firms in the colossal automobile manufacturing ecosystem, a study by the Safe ...

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Economy recovering due to targeted fiscal relief, rapid vaccination: FinMin
10 Jul

The Finance Ministry on Friday said the economy has started showing signs of revival from the impact of the second wave of the COVID-19 pandemic on th ...

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LIC cleans books of bad loans as it gets IPO-ready
09 Jul

The Life Insurance Corporation of India (LIC) is cleaning up its books ahead of its initial public offering (IPO) later this year. The corporation, wh ...

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Smaller VC-PEs beat biggies on deal count
09 Jul

They are familiar faces in the venture capital (VC) and private equity (PE) industry. While they don’t match the financial firepower of giants like So ...

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Zomato plans grocery rollout, invests in Grofers
09 Jul

Food aggregator Zomato said it is recovering well after the pandemic hit year, which saw its revenue plummet. It said the first quarter of this fiscal ...

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Google Pay, PhonePe must cut incentives
09 Jul

Google Pay and PhonePe will have to pull back on customer incentives to bring their market share gradually toward the 30% cap imposed by the National ...

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DealShare raises $144m in round led by Tiger Global
09 Jul

The Pink-City headquartered e-commerce company DealShare on Thursday said it has raised $144 million in the latest funding round which was led by Tige ...

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Cairn Energy seizes Indian govt properties in France as $1.7 billion tax dispute escalates
09 Jul

Scottish energy giant Cairn Energy has seized properties owned by the Indian government in Paris, the Financial Times reported on Thursday. The oil pr ...

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Deptt. of Public Enterprises now part of Finance Ministry
08 Jul

The government has merged the Department of Public Enterprises (DPE) with the Finance Ministry to give it a better control over state-owned firms and ...

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At 61%, IL&FS recovery may beat IBC’s 39%
08 Jul

The estimated recovery from the IL&FS resolution process at around 61% of overall group debt is better than the average 39% recovery by lenders un ...

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Zomato IPO to open on July 14, list by month-end
08 Jul

The much talked about initial public offering (IPO) for food delivery major Zomato is set to open on July 14 and close on July 16. Under Sebi rules, t ...

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PNB asks housing finance arm to rework Carlyle deal
08 Jul

Punjab National Bank has asked its arm PNB Housing Finance (PNBHF) to rework a controversial preferential issue of shares to Carlyle and other investo ...

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Goyal pitches for Indo-Pacific nations’ pact for services trade
08 Jul

Commerce and industry minister Piyush Goyal called for a services trade agreement among friendly nations of the Indo-Pacific region aimed at liberalis ...

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RBI imposes penalty on 14 banks for contravention of regulatory norms
08 Jul

The RBI on Wednesday said it has imposed penalties on SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank and 10 other lenders for contravention of vario ...

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Fuel prices to rise further as OPEC+ fail to reach deal
07 Jul

Record domestic fuel prices are expected to rise further as crude oil shot past $77 a barrel on Tuesday after OPEC+, the producers’ cartel, failed to ...

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Japan's Sumitomo to buy Fullerton India for Rs.19k Cr.
07 Jul

Sumitomo Mitsui Financial Group, the Japan-headquartered global financial major, is buying out Fullerton India, the Indian non-banking financial arm o ...

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Paytm IPO: Chinese nationals exit board
07 Jul

Ahead of Paytm’s initial public offering (IPO), all Chinese nationals representing key investor Ant Group have stepped down from the board. While Ant ...

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America’s Zippo lighter plan to ignite business in India
07 Jul

The iconic American Zippo makes a dash for the Indian market as the windproof lighters — used extensively by the US Army during World War II — dig for ...

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Small ticket loans record 2X – 7X rise in Mar-May on high millennial demand
07 Jul

Covid related short term expenses are pushing the demand for smaller ticket sized loans, with lenders witnessing a two to seven times increase between ...

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Didi’s stock falls below IPO price on China crackdown
07 Jul

Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on ...

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Pesky calls : govt imposes penalties of upto Rs.10000
06 Jul

Unable to successfully management the menace of pesky callers and unsolicited messaging, the federal government has lastly determined to slap monetary ...

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Banks can pay less on matured bulk FDs:RBI
06 Jul

In a bid to discourage businesses from using a bank for treasury management, the Reserve Bank of India has allowed banks to offer the lower of either ...

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RERA appoints 3rd Party to complete pending project
06 Jul

In a first, the Real Estate Regulatory Authority (RERA), Rajasthan, has appointed a third party to complete the construction of ‘Hyde Park’ project si ...

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Exchanges to be fined for reporting IT glitches late
06 Jul

Markets regulator Sebi on Monday said that exchanges and other financial market intermediaries could pay up to 10% of the average net profit of the tw ...

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Govt extends timeline for feedback on draft e-commerce rules to July 21
06 Jul

The consumer affairs ministry on Monday acceded to industry demands and extended the deadline for companies to send their views on the proposed change ...

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Services activity shrinks at fastest rate in 11 months in June
06 Jul

Activity in the country's services sector contracted sharply in June as tighter restrictions to contain a resurgence of Coronavirus cases hammered dem ...

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Regulatory norms issued for direct selling companies
05 Jul

Direct selling companies such as Amway, Oriflame, Tupperware and similar entities in India will now have to comply with regulatory norms. The consumer ...

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Anant Ambani appointed as director in RIL's 2 new Solar Companies
05 Jul

Anant Ambani, the younger son of Reliance Industries (RIL) chairman Mukesh Ambani, has been appointed as a director of Reliance New Energy Solar and R ...

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Crypto exchange Coinbase to expand its India operations
05 Jul

Nasdaq-listed crypto exchange Coinbase is looking to expand its India operations. Its co-founder & CEO Brian Armstrong tweeted on July 3: “Coinbas ...

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Amul turnover rises by 2% to Rs 39,200 cr in FY21
05 Jul

The total turnover of GCMMF, which markets dairy products under Amul brand, grew 2 per cent to Rs 39,200 crore despite the COVID-19 pandemic, its Mana ...

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Khadi moves to register its brand in Mexico
05 Jul

Soon after Khadi & Village Industries Commission (KVIC) filed an application to register its brand Khadi and logo in Mexico, it discovered that a ...

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China blocks taxi firm Didi from app store after mega US IPO
05 Jul

China’s cyberspace regulator ordered app stores to remove Didi Chuxing, dealing a major blow to a ride-hailing giant that just days ago pulled off one ...

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Small savings schemes rates left unchanged for Q2 FY22: Govt
01 Jul

The rate of interest for several small savings schemes have been left unchanged for second quarter of financial year 2021-22, the Finance Ministry ann ...

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Finance ministry reimposes spending curbs on ministries, depts for Q2 of FY22
01 Jul

The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no sp ...

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Ratan Tata makes AGM cameo, praises Tata Steel management
01 Jul

Ratan Tata stopped being a regular fixture at the annual shareholder meetings of listed Tata companies after he retired as their non-executive chairma ...

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Fiscal deficit improves to 8.2% of FY22 target in May
01 Jul

India’s fiscal deficit at the end of May came in at 8.2% of the budgeted estimate for FY22 as against 59% in the same period last year, on the back of ...

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World Bank approves $500 M Program to support India’s large informal workforce amid COVID
01 Jul

The World Bank Board of Executive Directors on Wednesday, June 30 approved a $500 million program to support India’s large informal workforce and crea ...

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Companies told to pay GST on license fee for government schemes
01 Jul

The indirect tax department has started demanding goods and services tax (GST) on licence fees paid by companies to the government for availing certai ...

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SEBI tightens norms on independent directors
30 Jul

In an attempt to give more power to non-promoting shareholders in a company, markets regulator Sebi on Tuesday said that two-thirds of the members of ...

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Rising Input costs force Cos to hike prices again
30 Jul

Struggling to absorb rising commodity prices and logistics costs, companies across a range of sectors such as automobiles, consumer electronics, and s ...

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June Car dispatches take a quantum jump
30 Jul

Indian carmakers are expected to have dispatched up to 245,000 units to retail outlets in June, the second-highest for this month, The Economic Times ...

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Realty, infra trusts can use bond market route
30 Jul

Markets regulator Sebi on Tuesday allowed real estate investment trusts (REITs), infrastructure investment trusts (InvITs) and other specifically crea ...

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Devas tries to seize foreign assets for Air India
30 Jul

Devas Multimedia Pvt., a company seeking over $1.2 billion it won in international arbitration from India, has joined Cairn Energy Plc in seeking to s ...

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RBI sets July 30 deadline for Banks to move Current a/cs
30 Jul

The Reserve Bank of India (RBI) has set a deadline of July 30 for banks to give up current accounts of all companies where their exposure is below a c ...

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Finance minister expands scheme for Covid relief to health and tourism
29 Jul

Finance minister Nirmala Sitharaman on Monday announced a fresh set of measures to provide relief to a string of Covid-hit sectors, such as tourism an ...

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Future workplace will be work from home-office hybrid
29 Jul

The pickup in the Covid vaccination drive has encouraged several organisations to raise queries with consultants on whether the process of returning t ...

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Govt plans national stockpile of life-saving drugs
29 Jul

The government is in discussions with the pharma and medical devices industry to create a "national stockpile" of life-saving drugs and vital equipmen ...

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Sebi puts GoAir, Aditya Birla MF IPOs on hold, no reasons mentioned
29 Jul

Market regulator Sebi has put applications for initial public offer (IPO) by two entities — GoAir (now named Go First) and Aditya Birla MF — on hold w ...

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Standard Life to sell 3.5% in HDFC Life for ₹5.2k crore
29 Jul

Standard Life of UK, the joint venture partner of mortgage financing major HDFC in HDFC Life Insurance, is aiming to mop up about Rs 5,200 crore by se ...

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Exports target of $400 billion achievable
29 Jul

The little ambitious exports target of $400 billion for the current fiscal is achievable but it requires aggressive marketing strategy and venturing i ...

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Twitter India grievance redressal officer quits; US-based replacement doesn't meet IT norms
28 Jul

Twitter’s local grievance redressal officer Dharmendra Chatur has moved out of the company within weeks of being given charge. The development comes a ...

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E-commerce norms on global lines: Government
28 Jul

The government has drawn upon the evolving global architecture while drafting the proposed e-commerce rules, and said the plan is based on the need to ...

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Has bankruptcy law failed homebuyers?
28 Jul

Four years ago, Kanupriya was among the 20,000 homebuyers in Jaypee Infratech’s project in Noida who was hoping that an early resolution will help her ...

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CSB Bank tightens gold loan policy after NPAs
28 Jul

Fairfax-backed CSB Bank has tweaked its gold loan policy, which has been the mainstay of its low-risk lending model. According to the bank, relaxing t ...

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Distressed hotels pin hopes on travel revival
28 Jul

Mid-market hospitality player Lords Hotels & Resorts was bullish on its new management contract property in South Goa that had opened in October 2 ...

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Fintech startup slice raises $20 million
28 Jul

Slice, a fintech startup has raised $20 million from existing investors Gunosy, Blume Ventures among others. In addition to this, slice has also launc ...

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Tax Relief for Covid treatment and ex-gratia payment
26 Jul

The government on Friday provided tax relief to those who received help from their employers or others for Covid-19 treatment and also offered concess ...

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Covid-ravaged hospitality sector could soon see big M&As
26 Jul

The Covid-ravaged hospitality sector could soon see big M&As with several stressed owners wanting to exit the business by selling to the Big Boys. ...

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IT exports likely to witness double digit growth in FY 22
26 Jul

As Indian IT majors adapt to the post-Covid business dynamics and spend heavily on several aspects, IT exports from the country are expected to witnes ...

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In Covid year, banks see record profit of 1 lakh Crore
26 Jul

The banking sector has recorded its highest ever profits of Rs 1,02,252 crore in FY21, a year when the economy was battered by the pandemic. This is a ...

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Second wave to hit economy despite localized restrictions
26 Jul

State Bank of India (SBI) chairman Dinesh Khara has said that, despite localised containment, the second wave of the pandemic will have an impact on t ...

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Revenue from Global Capability Centers (GCC) is now 1% of India's GDP
26 Jul

India’s global capability centers’ (GCC) revenue can potentially scale up to $60-$85 billion by 2025, from $33.8 billion in 2019-20, according to a re ...

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Guaranteed loan scheme size may rise to Rs 5 lakh crore
25 Jul

Amid growing chatter of a fresh stimulus, the government is set to scale up the Emergency Credit-Linked Guarantee Scheme (ECLGS) to Rs 5 lakh crore, f ...

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Armaco chief to be first foreigner on RIL board
25 Jul

Addressing the Reliance Industries Ltd's (RIL) 44th Annual General Meeting (AGM) virtually, Mukesh Ambani on Thursday welcomed Saudi Aramco chairman a ...

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Maruti, Hyundai expect sales of CNG vehicles to pick up
25 Jul

The nation’s prime two carmakers and Hyundai Motor India are gearing up for an enormous push in sales of CNG-powered vehicles, particularly on the ent ...

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Tax deptt does not think sanitiser companies a/c are clean
25 Jul

Companies making hand sanitisers and the raw materials used in them have come under scrutiny for allegedly categorising these items incorrectly and es ...

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Insiders say hundreds of companies based in Gujarat and Maharashtra are under the tax lens.
25 Jul

As demand rises, FMCG companies spring into actionIndia’s leading fast-moving consumer goods companies includingHindustan Unilever Dabur, PepsiCo, Mar ...

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Mukesh Ambani throws a $10 billion clean energy challenge at rivals
25 Jul

Reliance Industries Ltd will spend Rs 75,000 crore, or over $10 billion, on adding giga-size clean energy knowledge and manufacturing verticals to its ...

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Provide ‘level playing field’ for desi goods, government tells e-tailers
23 Jul

The government intends to mandate a new clause in the e-commerce rules to ensure a “level-playing field” between Indian and overseas products and serv ...

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Kalrock-Jalan consortium receives NCLT nod to fly Jet Airways
23 Jul

Shares of Jet Airways took a flight on Wednesday, hitting 5 per cent upper circuit at Rs 104 apiece on the BSE, as the Kalrock-Jalan consortium reciev ...

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Group health covers’ cost up 40%
23 Jul

Rising Covid claims are pushing up the cost of group health insurance for employers by 25%-40% in the wake of the second wave of the pandemic. This, e ...

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I-T portal glitches: FM seeks faster redressals
23 Jul

The government on Tuesday received nearly 2,000 complaints about the new income tax portal, prompting finance minister Nirmala Sitharaman to seek imme ...

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EU ignores India, S Africa’s patent waiver plea at WTO
23 Jul

The European Union has submitted a draft declaration at the World Trade Organization (WTO), “ignoring” the objectives of intellectual property (IP) wa ...

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Professionals pick bargain investments in Covid-hit MSMEs
23 Jul

The Covid pandemic and the resultant squeeze on working capital has led to a sharp rise in M&A deals in the small business segment.Data collected ...

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Companies must go green to survive: Mukesh Ambani
22 Jul

Mukesh Ambani, Asia’s richest man, plans to transform each of the units under his refining-to-retail conglomerate to create a sustainable business mod ...

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Auto companies ramping up output
22 Jul

Automakers initiate production ramp-up to recoup lockdown lossesIndia’s passenger vehicle makers are ramping up production to recoup the output lost d ...

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SAT clears vote on PNB Housing deal with Carlyle
22 Jul

The Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance (PNBHFL) to hold its extraordinary general meeting (EGM) on Tuesday, as ...

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Flipkart tells Indian court it offers lower fee if sellers cut prices
22 Jul

Flipkart sees nothing wrong in offering to cut charges for sellers on its platform if they lower product prices, its lawyer told an Indian court on Mo ...

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Signs of revival in economic activity as states unlock: Survey
22 Jul

With states easing lockdown curbs due to declining number of COVID-19 cases, there are immediate indications of improvement in economic activity as co ...

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Airtel & Tatas are together for 5G tech to counter Jio’s march
22 Jul

The fight for India’s 5G space and indigenous development is intensifying and Sunil Mittal’s Bharti Airtel — engaged in a competitive battle with Reli ...

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Videocon lenders to get 8% stake in merged company
21 Jul

Financial creditors who voted in favour of the Videocon Industries (VIL) resolution plan will get 8% equity shareholding in the entity created by the ...

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DHFL lenders to vote on a proposal to give higher payout to small investors
21 Jul

Lenders to Dewan Housing Finance Ltd (DHFL) will vote on a proposal to distribute up to Rs 1,853 crore more to small investors and retirement funds in ...

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Infosys fixes several glitches in income tax portal, to resolve the rest soon
21 Jul

Infosys has fixed several glitches noticed initially in the new income tax e-filing portal and is committed to resolving the rest at the earliest, chi ...

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Govt. open to more measures to boost economy: CEA
21 Jul

The government is open to coming out with more measures to boost the economy, hit by the second wave of coronavirus pandemic, says Chief Economic Advi ...

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Govt set to raise funding for exports scheme, clear dues
21 Jul

After months of dilly-dallying, the Centre is set to clear the pending dues of exporters. The allocation under Remission of Duties and Taxes on Export ...

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SEBI freezes PNBHF's Rs 4,000 crore deal with Carlyle group
21 Jul

The Securities and Exchange Board of India has directed Punjab National Bank Housing Finance (PNBHF) to halt its proposed Rs 4,000 crore deal with Car ...

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Satya Nadella will be the next chairman of Microsoft
18 Jul

Satya Nadella has been elevated as chairman of Microsoft, a recognition of how dramatically he has transformed the world’s largest software maker as c ...

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HDFC Bank to move to new digital bank IT platform
18 Jul

HDFC Bank on Thursday unveiled its longer term digital banking plans. These involve building a new digital bank, rather than limit the solution to sca ...

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CII seeks Rs 3 lakh crore stimulus, RBI balance sheet expansion
18 Jul

Industry body CII on Thursday said that there was scope to offer a Rs 3-lakh-crore stimulus, including cash transfer to households, to spur demand and ...

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Chairman-cum-CEO, a powerful combination
18 Jul

There are some 60 foreign-headquartered companies with revenue over $1 billion each that are today led by Indian-origin executives, according to India ...

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Carlyle to get Rs 5,000 crore from sale of 5% of SBI Cards
18 Jul

CA Rover Holding, an arm of the private equity major Carlyle Group, is selling up to 5.1% in SBI Cards & Payment Services for about Rs 5,000 crore ...

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Rupee falls most in 2 months on US rate hike
18 Jul

The rupee recorded its sharpest fall in two months on Thursday when it breached the 74 level to close at 74.08 against the US dollar, down 75 paise fr ...

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JAL lenders make a fresh attempt for loan restructuring
16 Jul

Nearly four years after the Reserve Bank of India (RBI) ordered bankruptcy action against Jaiprakash Associates (JAL), the parent of Jaypee Infratech, ...

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NCLT doubts whether Videocon’s liquidation value remained confidential
16 Jul

In its order approving the resolution plan submitted by Vedanta for the Videocon Group, the National Company Law Tribunal (NCLT) has raised doubts ove ...

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Authum tops in Reliance Home bids
16 Jul

Authum Investment and Infrastructure has emerged as the highest bidder for Reliance Home Finance (RHF), a subsidiary of Anil Dhirubhai Ambani’s Relian ...

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Oracle India executive and his wife were arrested in cheating case
16 Jul

Pradeep Agarwal, Oracle India senior sales director – cloud, and his wife Meenu Agarwal were booked by police in Hyderabad for allegedly cheating cust ...

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HDFC Bank customers face 2-hour app outage
16 Jul

HDFC Bank faced yet another digital outage with its mobile banking app going out of service on Tuesday morning. The bank admitted it was facing some i ...

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Blue-collar job search firm Apna raises $70mn
16 Jul

Sequoia-backed vertical professional networking platform Apna, which helps grey- and blue-collar workers such as carpenters, painters and delivery exe ...

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Freezing of Accounts of three FPIs in Adani companies made market panic
15 Jul

On Monday morning, as it emerged that the accounts of three foreign funds with large exposure in Adani Group’s stocks have been frozen, investors on D ...

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UK Chancellor dragged into the tax dispute of Narayana Murthy firm and Amazon
15 Jul

Cloudtail India - the online retailing joint venture of Infosys co-founder N R Narayana Murthy's firm and Amazon.com - faced a 5.5 million pounds dema ...

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Sebi fines Rs 15 cr. on Franklin MF head, fund managers
15 Jul

Markets regulator Sebi on Monday imposed a total fine of Rs 15 crore on several Franklin Templeton Mutual Fund officials, including its head Sanjay Sa ...

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CBDT relaxed E-filing norm for remittances
15 Jul

The Central Board of Direct Taxes (CBDT) has relaxed norms relating to e-filing of Forms 15CA/15CB, which are mandatory prior to making outward remitt ...

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Retail inflation increases because of rise in fuel & food prices
15 Jul

With this, the retail inflation has breached the inflation target of 4+/-2 per cent set by the Reserve Bank of India’s (RBI).The wholesale inflation h ...

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RBI seeks same microfinance rules for banks, NBFCs
15 Jul

The RBI has proposed to remove pricing restrictions for microfinance institutions (MFIs) in a report that reviewed regulations for the sector. The rep ...

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Social media companies' need to appoint statutory officers
14 Jul

Social media giants such as Twitter, Facebook, Instagram, and YouTube will need to appoint statutory officers — in line with the new IT rules — on the ...

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Regulator in talks with government for NPS overhaul
14 Jul

The pension regulator is in talks with the government for an overhaul of the National Pension System (NPS) — including changes to the tax regime, allo ...

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Reliance Power to raise Rs 1,325 cr from Reliance Infra to cut debt
14 Jul

Reliance Power, which is part of Anil Ambani Group, plans to raise Rs 1,325 crore from its promoters to reduce debt. It will issue equity shares and c ...

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Ex-Amazon staffer’s husband jailed for insider trade in US
14 Jul

The husband of a former Amazon employee has been sentenced to 26 months in prison for insider trading of its stock. Viky Bohra, 37, pleaded guilty in ...

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Users stuck as glitches plague new I-T portal
14 Jul

The new income-tax (I-T) portal launched on June 7, which promised to be a gamechanger, continues to be plagued by glitches. Taxpayers and tax profess ...

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Life insurance companies see 5-10x rise in Covid claims in April
14 Jul

The second wave of Covid has pushed up claims for life insurance companies by 5-10 times for April 2021. This follows 1.9 lakh Covid-related deaths si ...

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Foreign exchange reserves cross $600 billion for first time on foreign flows
12 Jul

The country’s forex reserves crossed the $600-billion mark for the first time on the back of continued foreign investment flow into the capital market ...

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HC upholds probe by CCI against Amazon, Flipkart
12 Jul

In a setback to Amazon and Flipkart, the Karnataka high court has paved the way for conducting an investigation as to whether the e-commerce majors ha ...

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Virgin Atlantic partners with TCS to strengthen growth recovery and transformation
12 Jul

Tata Consultancy Services (TCS) on Friday announced that it has expanded its strategic partnership with Virgin Atlantic, one of the UK's leading airli ...

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Crypto exchange WazirX gets ED notice
12 Jul

The Enforcement Directorate on Friday said it had unearthed a big money laundering racket involving Chinese nationals who used cryptocurrency exchange ...

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Chairman of IL&FS Group, held on cheating charge
12 Jul

He was held for alleged cheating of a Chennai-based private limited company of ₹200 crore through ITNL, MumbaiThe Economic Offences Wing of the Tamil ...

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Sebi looking into PNB Housing deal with Carlyle
12 Jul

PNB Housing Finance Ltd’s Rs 4,000 crore deal with US private equity firm Carlyle Group Inc. has come under the scanner of Securities and Exchange Boa ...

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RBI allows banks to increase charges for ATM withdrawals
11 Jul

The Reserve Bank of India on Thursday allowed banks to raise charges on using ATM machines to Rs 21 per transaction.In a notification, the central ban ...

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Retail loan demand sees faster growth in B-towns
11 Jul

Growth in consumer loans is moving from metros and large cities to non-urban areas with over 70% disbursals taking place outside tier-1 cities. The sh ...

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Rush for registration of wills to secure family wealth in Covid
11 Jul

A businessman in his late 40s, who had severe Covid and was desperate for oxygen and a hospital bed, had given up hope of surviving the brutal second ...

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Higher bounced payments in May point to retail stress
11 Jul

Bounce rates of payments made under their standing instructions to banks last month have been the highest ever for the month of May in the last five y ...

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Mirchi love 104 fm becomes effective one stop shop for brand marketing
11 Jul

Most of us have heard the popular ‘Mirchi sunne wale always khush’ tagline at some point of time – whether we grew up with it, or whether it was a par ...

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Companies offer freebies to boost vaccination drive
11 Jul

Businesses ranging from Celio and McDonald’s to UCO Bank and Reliance General Insurance have jumped on the national effort to vaccinate the domestic p ...

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Finance ministry proposes 24/7 vaccination drive to revive economic growth
10 Jul

A finance ministry report on Wednesday called for stepping up the vaccination drive to cover a population of 70 crore by September, arguing that it is ...

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Reliance Infratel ‘fraud’ tag to go after acquired by Mukesh Ambani: Lenders
10 Jul

In a bid to get the resolution of Anil Ambani’s Reliance Infratel back on track, lenders led by SBI have said that the ‘fraud’ tag on the company woul ...

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Policies should be facilitative & stable towards digitization: Amazon India Head
10 Jul

Amit Agarwal, global senior vice-president and country head of Amazon India, said the country’s policies should enable a structural shift towards a mo ...

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Creditors to vote on bids for Reliance Home Finance by June 15
10 Jul

Creditors to Reliance Home Finance (RHF) have commenced voting on bids for the company, which could lead to resolution of the Rs 11,200-crore debt of ...

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Can’t tax Swiss account in India if there’s no info: ITAT
10 Jul

Steps taken by an income tax (I-T) officer to bring to tax the maximum outstanding balance allegedly lying in a Swiss bank account has not found favou ...

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WTO members agree to talks on patent waiver for Covid drugs, vaccines
10 Jul

Members of the World Trade Organisation (WTO) on Wednesday agreed to launch discussions on patent waiver for Covid-related vaccines, drugs and devices ...

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Domestic air travel may be allowed post vaccination without negative report
08 Jul

The Centre is considering a mechanism to allow air passengers who have got both doses of the Covid-19 vaccine to travel within the country without a n ...

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OTT platform's middlemen forging approval letters
08 Jul

Some content producers and middlemen are forging letters of intent and approval letters of over-the-top (OTT) platforms like Netflix and MX Player to ...

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Franklin Templeton MF barred from starting debt funds for 2 years
08 Jul

Markets regulator Sebi on Monday barred Franklin Templeton Mutual Fund (FTMF) from launching new debt schemes for two years for mismanaging some of it ...

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Sebi bars 11 entities from the market for front-running trades in Fidelity Group
08 Jul

Sebi on June 7 barred 11 entities from the market for front-running trades in Fidelity Group, a foreign portfolio investor (FPI), and asked these to d ...

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Hayatt Regency closes temporarily in Mumbai due to lockdown
08 Jul

A severe fund crunch has led to suspension of operations at Hyatt Regency Mumbai, one of the premium luxury hotels of the financial capital.Incidental ...

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EU's counter proposal may weaken India and South Africa's patent waiver plan
08 Jul

The European Union (EU) has drawn up a counter proposal that could “undermine” India and South Africa’s proposed submission at the World Trade Organiz ...

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RBI cuts growth estimate to 9.5%
05 Jul

The Reserve Bank of India (RBI) on Friday left key policy rates unchanged but slashed its growth estimate for 2021-22 to 9.5% from a projection of 10. ...

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RBI remains concerned about cryptocurrency
05 Jul

RBI governor Shaktikanta Das said that the central bank has not changed its position about cryptocurrency and continues to harbour concerns. Das said ...

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FM tells PSUs to expedite capital expenditure
05 Jul

Finance minister Nirmala Sitharaman on Friday urged state-run companies in power and railway sectors as well as the two ministries to ensure that the ...

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TCS aims to reduce emissions by 70% in 2025, bring down to zero by 2030
05 Jul

IT services major, Tata Consultancy Services (TCS) announced plans to reduce its absolute greenhouse gas emissions across Scope 1 and Scope 2 by 70 pe ...

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RBI to give relief to Covid-hit services, MSMEs
05 Jul

In a fresh round of Covid relief measures, the Reserve Bank of India nudged banks to lend to contact-intensive sectors such as hotels, restaurants, to ...

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Sensex falls marginally, 10-year govt. bonds' yield unchanged
05 Jul

The RBI’s decision to revise downward India’s economic growth for the current fiscal to 9.5% from 10.5% impacted investor sentiment on Dalal Street, b ...

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RBI may hold rates, revise its forecast for growth
04 Jul

The Reserve Bank of India (RBI) is expected to continue supporting growth by retaining its accommodative stance and holding rates despite inflationary ...

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Government recognises 50,000 startups across India
04 Jul

The government has recognised 50,000 startups across the country — helping them avail of benefits across a range of laws and regulations — with as man ...

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Wipro 3rd IT company to hit Rs 3 lakh crore market capitalisation
04 Jul

Wipro touched a record Rs 3 lakh crore (or Rs 3 trillion) in market capitalisation, becoming only the third Indian IT company to do so after TCS and I ...

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Services sector activity in May shrinks for 1st time in 8 months
04 Jul

Activity in the country’s crucial services sector plunged into contraction in May for the first time in eight months as the second wave of Covid-19 pa ...

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HDFC Bank announced plans to become carbon neutral by 2031-32.
04 Jul

As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. The Bank will continue to incorporate and sc ...

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Government may allow oxygen supply to industry soon
04 Jul

With the demand for oxygen on the decline, in line with the Covid patient count, the government is expected to lift the freeze on oxygen supply to ind ...

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Banks list Rs 83k cr NPAs for bad bank
03 Jul

Public sector banks have shortlisted 28 loan accounts to be transferred to the National Asset Reconstruction Company (NARCL). Of these, lead banks hav ...

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Digital service tax: US suspends proposed tariffs against India, others
03 Jul

The US on Wednesday suspended the imposition of retaliatory tariffs against India, the UK and four other countries that had begun levying digital serv ...

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US bill to drop country cap for job green cards
03 Jul

A bipartisan bill – ‘Equal Access to Greencards for Legal Employment’ aka the Eagle Act, has been introduced by US politicians. It seeks to remove the ...

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Mercedes first auto co to sell directly, no dealer offers
03 Jul

Mercedes-Benz will discontinue dealer discounts in India as the company has set up a direct sales network, taking up the responsibility of distributio ...

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Urban Company Enters Unicorn Club With $255 Mn funding
03 Jul

Hyperlocal service provider Urban Company today (2nd June 2021) announced its entry into the unicorn club with $255 Mn Series F funding round led by P ...

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Auto parts export pick up, may grow 8% in FY22
03 Jul

With factory utilisation dropping from 85% in March to 70% in April and 55% in May due to local lockdowns, auto parts makers — including Wheels India, ...

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Nestle plans to add more healthy products options
02 Jul

Faced with over 60% of its product portfolio falling into the “unhealthy” segment, Swiss food giant Nestle is looking to reduce the sodium content and ...

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15 million lose work in May, urban jobless rate hits 18%
02 Jul

Over 15 million jobs were lost during May, while the urban joblessness rate hit 18% in the week ending May 30, the highest in the past one year, data ...

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Insider trade: Sebi charges two Infosys executives
02 Jul

Markets regulator Sebi has banned from the stock market two senior executives at software services major Infosys, for allegedly helping six entities t ...

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Exports up 12% in April, May despite pandemic
02 Jul

India’s exports touched $32 billion in May 2021 — over 67% higher than May last year and almost 8% more than the corresponding period in 2019 — led by ...

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May factory activity at 10-month low, shows survey
02 Jul

The second wave of the Covid-19 pandemic and lockdowns imposed by states hit India’s industrial activity in May, with manufacturing activity dropping ...

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Wadhawan moves SC against NCLAT order on DHFL bid
02 Jul

Kapil Wadhawan, the erstwhile promoter of DHFL who was ousted from the bankrupt company by the Reserve Bank of India (RBI), has moved the Supreme Cour ...

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RBI pulls up foreign banks on data storage norms
01 Jul

The Reserve Bank of India (RBI) has pulled up several multinational banks operating in the country for not providing a board-approved system audit rep ...

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Eight core sectors' output grows 56% in April due to low base effect
01 Jul

The output of eight core sectors jumped by 56.1 per cent in April mainly due to low base effect and uptick in production of natural gas, refinery prod ...

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At 9.2%, fiscal deficit is highest ever for Centre
01 Jul

The Centre closed last year with a fiscal deficit of 9.2% of GDP, against the revised estimate of 9.5%, on account of better-than-expected revenue rec ...

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Overall impact of 2nd wave on economy not likely to be large: CEA
01 Jul

Chief Economic Adviser K V Subramanian on Monday said the impact of the second COVID-19 wave is not likely to be large on the economy but going forwar ...

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Patent waiver: WTO members have divergent views
01 Jul

The number of WTO members willing to evaluate a proposal from India, South Africa and other developing countries for patent waiver for Covid vaccines, ...

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GDP grows 1.6% in Q4, but shrinks 7.3% in FY21
01 Jul

The Indian economy contracted by 7.3% in the fiscal year 2020-21, according to the GDP statistics released by the National Statistical Office on May 3 ...

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Covid treatment: Banks offer unsecured loans of up to Rs 5 lakh
31 Jul

Banks will offer off-the-shelf unsecured loans of up to Rs 5 lakh to individuals for Covid treatment, and business loans up to Rs 100 crore for settin ...

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Companies setting up welfare funds to help employees in pandemic
31 Jul

Global centres of excellence (GCoEs) of multinationals in India are putting in place a host of new HR policies to help families of employees who may h ...

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Most family-owned companies remain optimistic for FY22
31 Jul

The worry about economic uncertainty notwithstanding, Indian family-owned businesses are upbeat about their prospects in 2021-22.In a study of over 10 ...

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Delhivery raises $270 million in pre-IPO round
31 Jul

Logistics unicorn Delhivery, which specialises in delivering goods for major e-commerce companies, has raised around $270 million at approximately $3- ...

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Fitness awareness increases demand for cycle
31 Jul

The health-conscious are peddling away a segment change in the world’s second-largest bicycle market, leading to the best year from a profitability st ...

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Wearable devices registered record growth of 170% in March quarter
31 Jul

Increasing focus on health and fitness along with a desire to proactively track vitals and domination of remote work has given a boost to the wearable ...

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Zerodha founders can get up to Rs 100 crore salary
29 Jul

It's all in the family. Bengaluru-based online brokerage  Zerodha’s founders Nithin Kamath, his brother Nikhil Kamath, and Nithin's wife Seema Pa ...

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Maruti to boost production of oxygen generators
29 Jul

Maruti said it is enhancing production of oxygen generators by small-scale units to meet demand amid the second wave of the pandemic, having already i ...

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Tata Digital buys 64% stake in BigBasket
29 Jul

Tata Digital on Friday said it has acquired a majority stake in online grocery BigBasket, a deal that pits the country’s largest conglomerate against ...

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India on cusp of major AI innovation: Infosys chairman
29 Jul

Infosys chairman Nandan Nilekani said India is on the cusp of major artificial intelligence (AI) innovations, and Indian companies should look to appl ...

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Dell, HP say chip shortages will hit PC supplies this year
29 Jul

Dell Technologies Inc (DELL.N) and HP Inc (HPQ.N) reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to sh ...

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ICAI chief backs RBI on new audit rules
29 Jul

In the tussle between foreign and Indian firms over auditing bank accounts, the Institute of Chartered Accountants of India (ICAI) president Nihar Jam ...

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Wockhardt to execute an agreement for vaccination technology transfer
28 Jul

Drug firm Wockhardt is close to inking a memorandum of understanding (MoU) with a foreign vaccine company for a technology transfer to manufacture Cov ...

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Universal vaccination is on war footing: RBI
28 Jul

Stressing that faster vaccination holds the key to an escape from the pandemic, the RBI on Thursday said the macro-economic costs of the second wave o ...

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Paytm targets India’s largest IPO of $3 billion
28 Jul

Paytm, India’s leading digital payments provider, is aiming to raise about Rs 21,800 crore ($3 billion) in an initial public offering late this year, ...

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Banks have enough capital to meet severe stress: RBI
28 Jul

The RBI has said that banks are better positioned than before in managing stress in their balance sheet in view of higher capital buffers, better reco ...

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Foreign banks lose card market share
28 Jul

Foreign banks have seen their share of credit cards come down by a third in the last three years. In terms of value of transactions, their share has h ...

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Compulsory licence not attractive: Government
28 Jul

The government on Thursday officially dismissed suggestions to invoke compulsory licensing provisions and waive patent rights to produce vaccines, whi ...

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WhatsApp moves HC against new IT rules, terms them unconstitutional
27 Jul

Citing “dangerous invasion of privacy” and threats to free speech of its 400 million users in India, WhatsApp has moved the Delhi high court seeking t ...

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Retail sales down 49% in April over 2019 period
27 Jul

Retailers across India blamed poor consumer sentiment as the Covid-19 second wave and the lockdowns brought about by it reduced sales by 49% in April ...

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Finance stress & lower loan-to-value rule may slow gold loan business
27 Jul

On Wednesday evening, after Manappuram Finance said in an investor presentation that it had auctioned gold worth Rs 404 crore during the January-March ...

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Gati to exit cold chain solutions business
27 Jul

Express distribution and supply chain solutions firm Gati Ltd, which reported widening of its consolidated loss at Rs 173.40 crore in the March quarte ...

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RBI firm on its auditor stand, won’t ease norms
27 Jul

The RBI is unlikely to ease its new norms for bank audit, despite a volley of protest from industry lobby groups, arguing that the rules are meant to ...

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Low rates: Borrowers prefer home loans of shorter terms
27 Jul

The fall in interest rates has increased the eligibility of borrowers as it reduces their monthly outgo. Borrowers are, however, choosing to use the l ...

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Covid-19 HOMECARE: Insured seek removal of Rs 20,000 cap
26 Jul

Siblings Alpa and Chetan Mehta ran up bills of Rs 65,000 undergoing Covid-19 treatment at home in New Delhi. Despite being covered for domicili ...

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NCLAT stays NCLT order asking CoC to consider Wadhawan's offer
26 Jul

Giving a relief to the lenders, Piramal Group, and the administrator, the National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the order ...

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Rupee recovers after 2-mth weak period, to 72.8 per dollar
26 Jul

From being one of the worst-performing currencies in the previous month, the rupee has bounced back to be an outperformer among emerging market peers ...

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Flipkart hired 23,000 fresh staff during March-May
26 Jul

Flipkart on Tuesday said it has hired about 23,000 people across India during the March-May period to bolster the firm’s supply chain capabilities. Mo ...

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E-grocery deliveries delayed in 2nd wave too
26 Jul

E-commerce giants delivering food and groceries have failed to live up to consumers’ expectations yet again as goods are taking weeks to reach homes e ...

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Risk-aversion among businessmen, not banks: SBI chairman
26 Jul

Dinesh Khara, the low-profile chairman of State Bank of India, is gearing up to meet the demand from companies and individuals impacted by Covid as he ...

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DHFL lenders challenge NCLT order to consider Wadhawan's offer
25 Jul

The lenders of Dewan Housing Finance Corporation Ltd (DHFL) have challenged the National Company Law Tribunal's (NCLT's) order asking them to consider ...

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Inflation & weak dollar boost gold, silver prices
25 Jul

Inflation fears globally have been driving up gold and silver prices with both at four-month highs now. In India too the prices of these precious meta ...

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SAT stays Sebi order on mis-selling of AT-1 bond by Yes Bank
25 Jul

The Securities Appellate Tribunal (SAT) has granted an interim stay on an order by Sebi penalising private lender Yes Bank Rs 25 crore, alleging mis-s ...

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Over half of crypto hedge fund investors are HNIs: PwC
25 Jul

Many investors in crypto hedge funds are either high net worth individuals (54%) or family offices (30%), showed data from PwC’s Annual Global Crypto ...

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Auto companies reopen but weak demand keeps output low
25 Jul

Production may have resumed, but output at automobile factories — a key component of the country’s manufacturing index — remains abysmally weak with a ...

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Banking technology startup Zeta 14th indian unicorn in 2021
25 Jul

Banking technology solutions provider Zeta has become the 14th startup to join the unicorn club this year after it raised $250 million from Japanese i ...

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Government is ready for WTO patent battle
24 Jul

The government has virtually ruled out the possibility of using compulsory licensing as a tool to ramp up vaccine production due to implementation cha ...

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Companies focus on wellness programmes to deal with workplace stress
24 Jul

A well-articulated strategy for employee well-being is being leveraged by companies as a key differentiator to attract and retain top talent.A Willis ...

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Govt. Vigorously defending case against Cairn award
24 Jul

The government is “vigorously defending” its case against an international arbitration order asking it to refund $1.2 billion to Cairn Energy over a r ...

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User info linked to 18cr Domino’s orders leaked
24 Jul

In a major data leak, customer information related to 18 crore orders placed with Domino’s India have been made public by a hacker who claims to have ...

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upGrad buys technical education firm Impartus
24 Jul

Online higher education company upGrad has acquired Bengaluru-based video-enabled learning solutions provider Impartus for Rs 150 crore. upGrad will d ...

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‘Pre-cleared investors’ list to help with bank sales’
24 Jul

Former Reserve Bank of India (RBI) deputy governor R Gandhi has called for pre-approved lists of strategic investors for banks by the central bank to ...

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Guarantors for loans liable under IBC proceedings: SC
22 Jul

In a blow to promoters of several companies facing insolvency action, the Supreme Court on Friday ruled that personal assets of chairpersons and direc ...

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RBI pays Rs 99k cr dividend to govt for just 9 months
22 Jul

The Reserve Bank of India (RBI) has approved a Rs 99,122-crore dividend payout to the government for an accounting period of nine months ended March 3 ...

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Bonanza from RBI to reduce government's fiscal pressure
22 Jul

At the Reserve Bank of India’s board meeting on Friday, some of the board members suggested that the central bank could consider transferring a larger ...

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Pvt. airport operators seek ‘cash support’ from government to pay staff and 'sustain operations'
22 Jul

India’s private airport operators, including those in four metros, have sought "cash support" from the government "to sustain operations." The urgent ...

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Sebi doubles overseas investment limit of AIF, VCF to $1,500 million
22 Jul

Markets regulator Sebi on Friday doubled the overseas investment limit of alternative investment funds and venture capital funds to $1,500 million. Th ...

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Covid-19 second wave adversely impacted Coke and PepsiCo’s India business
22 Jul

Cola giants Pepsi and Coca-Cola are unlikely to reclaim pre-pandemic levels of sales this fiscal as the second wave of Covid-19 has taken the fizz out ...

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Home loans grow in smaller towns
21 Jul

Despite the pandemic and a lockdown in the first half of the fiscal, outstanding home loans grew 9.6% to Rs 22.3 lakh crore in the first nine months o ...

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PSU bank employees to get windfall incentive
21 Jul

Employees of many public sector banks are in for a small windfall due to the performance-linked component in the wage agreement signed with the Indian ...

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2nd wave a humanitarian crisis: Nomura
21 Jul

Japanese investment bank and brokerage firm Nomura has said the second wave of Covid is a humanitarian crisis in India rather than an economic one and ...

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IT companies plan major vaccine rollout for staff
21 Jul

IT companies are making efforts to vaccinate their employees. TCS has commenced a mammoth exercise to vaccinate its nearly 5 lakh employees and their ...

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Government extends timelines for income tax compliance
21 Jul

The government on Thursday announced an extension in deadline for several income tax related compliances, including filing of returns by individuals.I ...

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Don’t panic-sell bitcoin in crash: Crypto startups
21 Jul

Indian crypto entrepreneurs are urging investors not to panic-sell assets like bitcoin and ether after prices crashed over 30% this week. According to ...

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Banks to RBI: More Covid-hit companies may need restructuring of loans
20 Jul

Banks have told the Reserve Bank of India (RBI) that the extended restrictions due to the resurgence of the Covid pandemic have caused significant str ...

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RBI makes prepaid cards, digital wallets interoperable
20 Jul

Any prepaid card or digital wallet, where the customer has completed KYC procedures, can be used interoperably with other prepaid instruments. Announc ...

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NCLT has asked the COC to consider Wadhawan’s proposal
20 Jul

The National Company Law Tribunal (NCLT) has asked the committee of creditors to consider the proposal made by jailed promoter Kapil Wadhawan for DHFL ...

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Adani co to buy SB Energy’s green business at $3.5 billion valuation
20 Jul

Adani Green Energy is to acquire Soft-Bank-promoted SB Energy’s 5GW renewable power portfolio in India for a fully completed enterprise value of $3.5 ...

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Desi cryptocurrency exchange stop temporarily as Bitcoin falls
20 Jul

Users of India’s largest cryptocurrency exchanges, WazirX and CoinDCX, had a tough time on Wednesday due to outages as Bitcoin plunged over 30%, wipin ...

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Royal Enfield to recall over 2 lakh bikes
20 Jul

Royal Enfield has announced a worldwide vehicle recall programme involving 2,36,966 Classic, Bullet and Meteor motorcycles.The recall will cover India ...

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High court slams ICAI for withholding student’s results
19 Jul

The Rajasthan high court has come down heavily on the Institute of Chartered Accountants of India (ICAI) for withholding the results of a 21-year-old ...

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ITAT: Forex gains arising against personal loans not taxable
19 Jul

Forex gains arising in the hands of an individual, on repayment of an interest-free loan by his relative, are not taxable according to a recent order ...

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Mitsui arm challenges tax order of Rs.2,400 crore effective retrospectively
19 Jul

The government is facing a fresh international challenge to the policy of retrospective tax amendments adopted by it. Now, Earlyguard, a British subsi ...

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Tata Motors hit by Rs 7.6k cr Q4 loss on Rs 15k cr charge
19 Jul

India’s largest automaker Tata Motors skidded into a Rs 7,585-crore loss in Q4FY21, hurt by exceptional charges, but the management is confident of a ...

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Tax hike will boost profits, says Janet Yellen
19 Jul

US Treasury secretary Janet Yellen defended President Joe Biden’s $2.2-trillion infrastructure corporate tax hike plans on Tuesday, telling the US Cha ...

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Credit Suisse to hire 1,000 engineers in India this year
19 Jul

Credit Suisse plans to hire over 1,000 technologists in India this year to expand its capabilities in emerging sectors such as cyber security, data an ...

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Coronavirus second wave hit aggregate demand more than supply, says RBI
18 Jul

The Reserve Bank of India said on Monday that the second wave of the COVID-19 pandemic in India has had a bigger impact on aggregate demand than on ag ...

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'Work From Anywhere' promotes tier-2 towns as talent hubs
18 Jul

A year after several organisations adopted a ‘work from anywhere’ policy, tier-2 cities like Kochi, Guwahati, Jaipur, Indore and Mysore are said to ha ...

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Cairn's Air India lawsuit may not impact disinvestment process
18 Jul

Cairn Energy’s move to sue Air India (AI) in a US court to force recovery of the $1.2-billion international arbitration award it won is unlikely to ha ...

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Moglix joins unicorn club with fresh $120-million fundraise
18 Jul

Moglix, which runs an online marketplace for industrial goods, on Monday became the latest Indian start-up to become a unicorn as it raised a fresh $1 ...

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Sebi proposes delivery-based gold exchange
18 Jul

Markets regulator Sebi has published a consultation paper for allowing either launch of dedicated exchanges or platforms within existing bourses to tr ...

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Aditya Birla Capital awaits RBI report to take banking licence
18 Jul

Aditya Birla Capital (AB Capital) is awaiting an RBI internal working group’s final recommendations before taking a call on pursuing a banking licence ...

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Lenders want power finance cos as NARC promoters
17 Jul

The mantle of the promoter of the public sector National Asset Reconstruction Company (NARC) is likely to be state-owned power financiers. Power Finan ...

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No. of covid mediclaims in just 6 weeks of current year are half of the claims of last year
17 Jul

Health insurance claims due to Covid reported since April 1, 2021 are 57% of the claims filed in the year ended March 2021. Non-life insurance compani ...

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RBI not in favour of fresh IBC suspension
17 Jul

The Reserve Bank of India (RBI) has shot down suggestions of a fresh suspension of the Insolvency & Bankruptcy Code (IBC) due to the second wave o ...

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Fuel, power demand sees double-digit drop in May 2021
17 Jul

The second Covid wave has pummelled India’s fuel and power demand in the first fortnight of May as more and more states impose lockdown, confining peo ...

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Despite surging covid cases, companies files IPO prospectus
17 Jul

With the stock market showing resilience despite surging Covid cases and weakening economic fundamentals, around 10 companies have filed IPO prospectu ...

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Adani arm to buy majority stake in Soft Bank’s SB Energy
17 Jul

Adani Green Energy Ltd (AGEL) is looking to buy Japan’s SoftBank Group Corp.’s majority stake in solar power producer SB Energy, said two people aware ...

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Covid drains bank accounts of uninsured
15 Jul

Besides its debilitating health impact, Covid is draining the finances of its victims, particularly the uninsured, causing some to get into long-term ...

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Patent waiver: India, US seek to rope in others
15 Jul

India and the US on Friday discussed a strategy to push for patent waiver for Covid vaccines at the World Trade Organization (WTO), with Washington ex ...

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Finance ministry to states: Prioritise vaccination of bank staff
15 Jul

The finance ministry has again written to state governments asking them to put in place a dispensation for vaccinating bank and other financial sector ...

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IDBI Bank settles loan with Aircel founder Siva
15 Jul

IDBI Bank has said that it has accepted the one-time settlement offer by Siva Industries’s promoters — a part of Aircel founder C Sivasankaran’s group ...

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Forex reserves near record high at $589 billion
15 Jul

The country’s foreign exchange reserves increased by $1.4 billion to over $589.4 billion in the week ended May 7, 2021, RBI data showed. In the previo ...

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GoAir, promoter spar over trademark amid IPO plan
15 Jul

After flying for 17 years as ‘GoAir’, owner Nusli Wadia, in an abrupt move, changed the carrier’s brand to ‘Go First’. The rebranding was initiated ah ...

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Foreign expenditure reduced by $5.7 billion in 10 months
14 Jul

The average monthly dollar spends by Indians has fallen 33% to less than $1 billion in the first 10 months of FY21, down from $1.5 billion in the same ...

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Ethereum co-founder donates over $1bn in cryptocurrencies to India’s Covid relief fund
14 Jul

The 27-year-old Vitalik Buterin donated Ether and SHIB coinsVitalik Buterin, the co-founder of Ethereum, became the world's youngest crypto billionair ...

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Bitcoin crashes as Musk criticised crypto mining
14 Jul

Tesla CEO Elon Musk doubled down on his attack on Bitcoin’s energy demands, calling recent consumption trends “insane”.Musk posted a chart on Twitter ...

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Global banks shift some Covid-hit operations from India
14 Jul

The tech centres of global banks based in Bengaluru, Chennai and Gurgaon have seen staff getting infected during the second wave, forcing them to move ...

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Use of compulsory licences could backfire, warns FICCI
14 Jul

Industry lobby FICCI, which has a large presence of pharma companies, has come out against demands from several political leaders to use compulsory li ...

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Sales of Sofas, lamps increases due to pandemic
14 Jul

Remote work forced people to scramble for ergonomic chairs and desks in 2020. But with the pandemic showing no signs of ebbing soon, consumers have tu ...

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Covid care: Companies are giving wellbeing allowances
13 Jul

Companies are rolling out wellbeing allowances for their employees to deal with expenses related to Covid. Some are also supporting them with extended ...

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FMCG industry record 9.4% growth in January-March quarter
13 Jul

The Indian FMCG industry has recorded a 9.4 per cent growth in the January-March quarter of 2021, helped by a consumption-led growth and value growth ...

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Government stake sale will not affect IDBI’s plans: CEO
13 Jul

IDBI Bank will continue to be a professionally managed organisation after the government’s stake sale. Its new shareholders will be able to voice thei ...

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Need quick consensus on patent waiver to overcome crisis: Piyush Goyal
13 Jul

Commerce and Industry Minister Piyush Goyal on Wednesday said there is a need for a quick consensus at the WTO on the proposal for patent waiver as we ...

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Industrial output jumps 22% in March, fastest in 9 years
13 Jul

India’s industrial production rose at the fastest pace in at least nine years, clocking a 22% jump in March, on the back of a 19% decline a year ago.W ...

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India's GDP to grow 7.5% in 2021: UN
13 Jul

The United Nations has raised India's growth forecast to 7.5 percent for calendar year 2021, marking a 0.2 percent increase from its projection in Jan ...

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SBI banker appointed as senior executive of 'Bad Bank'
12 Jul

The proposed ‘bad bank’, which will help public sector lenders clean up their loan books, has got its first senior executive — Padmakumar Madhavan Nai ...

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Despite pandemic IT companies give double hikes
12 Jul

Many IT companies are giving a second round of salary increases and promotions within months of the previous one. Last year’s salary increment had ini ...

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OPPI warns against vaccine patent waiver
12 Jul

Waiving of intellectual property (IP) rights will neither lead to higher production of vaccines or their increased deployment to fight Covid, since th ...

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Commerce and industry minister Piyush Goyal calls for clearing dues of exporters
12 Jul

Commerce and industry minister Piyush Goyal on Tuesday asked his team to seek an early payment of exporters’ dues from the finance ministry, while loo ...

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Jeep sued Mahindra Thar in a dispute over the design in Australia
12 Jul

Fiat Chrysler (owner of Jeep) and Mahindra & Mahindra are locked in a dispute over the design of the latter’s Thar SUV in Australia.Mahindra’s tea ...

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MF assets hit record level of over Rs 32 lakh crore in April
12 Jul

Strong inflows across a mix of fund categories took the total assets of the mutual fund (MF) industry to a record high of Rs 32.4 lakh crore at the en ...

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Anti-Covid drug brand now became top-selling pharma brand
11 Jul

Call it the Covid effect. Anti-viral drug Favipiravir, used for Covid-19 treatment, has rocketed to the rank of the largest-selling pharma brand in Ap ...

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Organisations are dealing with Covid absenteeism
11 Jul

As Covid numbers rise across the country, organisations are dealing with unusual absenteeism at work. This is because a section of employees is either ...

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Crisil issues ‘not cooperating’ tag to Kamal Haasan’s firm
11 Jul

Credit rating agency Crisil Ratings has announced a rating migration of — ‘B+/Stable Issuer not cooperating’ — on the long-term bank facilities of Kam ...

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Retail auto purchases slip 28% in April on fresh curbs
11 Jul

As lockdowns and mobility restrictions made a comeback across the country due to a massive surge in corona cases, the auto industry saw April sales at ...

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Cut in FY21 unsecured loans may ease banks’ Covid pain
11 Jul

Private banks have scaled down their unsecured loans portfolio in the wake of the pandemic last year, which has reduced the risk of defaults during th ...

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IOC boosts O2 supply from Panipat unit
11 Jul

IndianOil (IOC) has reduced the throughput of MEG (mono ethylene glycol, a petrochemicals component) at its Panipat refinery to maximise supply of med ...

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MFs’ stock net selling in may by foreign funds
10 Jul

Rising Covid infections and the weakness of the rupee against the dollar have combined to prompt foreign fund managers to continue to take money out o ...

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Imposition of custom duty on Indian import to be scrutinised at WTO
10 Jul

India’s recent import curbs have come under scrutiny at the World Trade Organization (WTO), with several trading partners raising concerns over the ch ...

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Electrics cars may not cross 1% of cars sales by 2024: Hyundai
10 Jul

Hyundai Motors India president S S Kim has said that adoption of electrics in the Indian car market will be slow and may not cross 1% of overall sales ...

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Covid deaths: Companies go all out to aid families of employees
10 Jul

As India continues to battle a ravaging second wave of Covid, many companies are showing solidarity by extending monetary and non-monetary benefits to ...

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Copper prices go lifetime high due to demand of renewable energy
10 Jul

Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year. The previous copper record was se ...

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Big Bazaar’s home delivery services give tough competition to Amazon
10 Jul

Future Group’s brick-and-mortar superstore chain Big Bazaar, which is ramping up its two-hour home delivery across India during the pandemic, is set t ...

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India must tackle patent barriers to drugs: Experts
08 Jul

India should walk the talk in removing intellectual property (IP) barriers to improve access to crucial Covid drugs and vaccines in the country, in li ...

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HCL employees will get Covid cover
08 Jul

HCL Technologies is offering a Rs 30-lakh insurance cover and an additional Rs 7-lakh employee deposit insurance cover to employees for Covid. In the ...

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Finance ministry report sees limited impact on economy from 2nd Covid wave
08 Jul

The second wave of Covid has posed a downside risk to economic activity in the first quarter of the current fiscal year, but there are reasons to expe ...

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Tatas sue Sanjeev Gupta' metal units for late payment in $139mn deal
08 Jul

Tata Steel has sued three of Sanjeev Gupta's metal units for 7.9 million pounds ($11 million) over missed payments, piling more woes onto the embattle ...

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Novavax criticises vaccine patent waiver proposal, says will restrict fair access
08 Jul

Novavax on Friday criticized an Indian proposal to waive intellectual property (IP) rights for covid-19 vaccines at the World Trade Organization (WTO) ...

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Savex Technologies to buy Bengaluru company,
08 Jul

India’s third-largest IT and telecom products distributor Savex Technologies is nearing a deal to acquire Bengaluru-based Inflow Technologies, which w ...

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Banks are set to launch multiple schemes under RBI’s liquidity window
07 Jul

Banks are set to launch multiple schemes under the RBI’s Rs 50,000-crore on-tap liquidity window announced on Wednesday. The schemes are aimed at rapi ...

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Govt in no rush to grant 'compulsory licences'
07 Jul

The government may not rush ahead and grant a series of compulsory licences to access cheaper drugs in the wake of Natco Pharma seeking patent waiver ...

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Non-profit, social companies may be allowed to raise funds
07 Jul

A Sebi-appointed panel has proposed that social enterprises may be allowed to raise funds using the proposed social stock exchange (SSE) platform thro ...

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Biological E set for Covid vaccine rollout by August
07 Jul

As the country grapples with the second wave of Covid-19, vaccine maker Biological E is gearing up to churn out 75 to 80 million doses per month of it ...

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Auto companies shut opertions as lack of O2 affects parts supplies
07 Jul

While automotive vehicle manufacturers opt for shutting down plants to avoid inventory pile up as major sales markets are under complete lockdown, sho ...

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Carlyle to sell 3.5% in SBI Life for Rs 3300 cr
07 Jul

CA Emerald Investments, an arm of global private equity giant Carlyle, is selling 3.5% of SBI Life for about Rs 3,300 crore through block deals on Fri ...

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Companies give staff time off to heal, handle Covid stress
06 Jul

Given the rising anxiety levels among employees, several organisations are revealing their compassionate side by offering staff a much-needed break fr ...

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Drones set to deliver your orders for food, medicine
06 Jul

Restaurant, medicine and grocery delivery aggregators, including Swiggy and Dunzo, will soon be able to deliver through drones during the pandemic. Te ...

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Irdai asks insurers to launch standard travel cover in July
06 Jul

Regulatory body Irdai on Wednesday issued guidelines for insurers for a standard domestic travel cover — Bharat Yatra Suraksha — which will be launche ...

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RBI allows recast of home, personal & small business loans
06 Jul

Reserve Bank of India on Wednesday extended relief to individuals and small businesses who have loans up to Rs 25 crore by allowing them to seek a loa ...

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No freezing a/c for KYC, digital proof can be final: RBI
06 Jul

The RBI on Wednesday relaxed KYC (know-your-customer) norms to enable the process to be completed remotely and prevent banks from freezing accounts in ...

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Govt, LIC ready for strategic sale of IDBI Bank
06 Jul

After years of debate, the government on Wednesday cleared the strategic sale of IDBI Bank, in what will be the first instance of the disinvestment po ...

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5G trials: Govt. keeps Chinese companies out
05 Jul

Chinese telecom vendors Huawei and ZTE have not found a place in the government’s ambitious 5G trials, in a clear signal that business relations with ...

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19 companies apply under PLI scheme for IT hardware
05 Jul

Apple's contract manufacturers Foxconn and Wistron, computer firm Dell and domestic firms Dixon and Lava are among the 19 companies that have applied ...

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PSUs set up huge O2 operation in fight against Covid
05 Jul

Public sector enterprises, which are often seen as not so nimble compared to their private sector counterparts, have mounted a massive operation to en ...

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Can’t adjust entire refund against tax dues, rules HC
05 Jul

The Bombay high court recently held that income tax (I-T) officers cannot adjust the refunds due to taxpayers against outstanding demands in excess of ...

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US spending may result in hike in interest rates
05 Jul

US treasury secretary Janet Yellen said interest rates may have to rise modestly to prevent the American economy from overheating due to higher levels ...

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Qatar Airways 'reached out' to Tatas to jointly bid for Air India 4 years ago
05 Jul

Qatar Airways (QA) had reached out to Tatas four years back to jointly bid for Air India when the government had made its first attempt to sell off th ...

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Policyholders get only 45-80% of Covid bills
04 Jul

As the number of people hospitalised due to Covid rise, many find that they have to settle a big chunk of the bill out of their own pockets despite ha ...

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Govt. is making strategies to distribute help received from overseas
04 Jul

The government has put together an elaborate strategy to distribute the foreign aid pouring in from countries, multinational corporations and individu ...

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Companies are donating more funds to fight Covid-19
04 Jul

Help continues to pour into India for its fight against the second wave of Covid-19. Indian American billionaire businessman Vinod Khosla has pledged ...

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RIL pays bonuses to over 2 lakh employees for FY21
04 Jul

Reliance Industries (RIL), India’s biggest company in terms of market value, has rolled out bonus/variable payout to its over 2 lakh employees for fis ...

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Kotak calls for RBI to expand market operations
04 Jul

Veteran banker Uday Kotak on Monday called for the RBI to expand its balance sheet to mitigate the economic impact of Covid. He also asked companies t ...

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Garment hub Tirupur’s local sales exceeds exports
04 Jul

Cooped up Indians purchased more knitwear during last fiscal which saw garment makers from Tirupur earn Rs 30,000 crore. And for the first time, domes ...

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Investors turn to MFS due to market fluctuations
03 Jul

Extreme volatility in recent months in the three most popular asset classes for common people — stocks, bonds and gold — has prompted investors to lap ...

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Indian corporates suggest tougher restrictions amid surge
03 Jul

With Covid cases surging, India Inc has slowly changed its position from localised curbs to more intense measures, in what many view as suggestions to ...

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Yes Bank assures recovery in the current year of bad loans of FY21
03 Jul

Yes Bank MD & CEO Prashant Kumar said that the private lender took a hit on its bottom line as the management decided to make accelerated provisio ...

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RBI to strengthen risk-based supervision of banks & NBFCs
03 Jul

The Reserve Bank has decided to review and strengthen the Risk-Based Supervision (RBS) of the banking sector with a view to enable financial sector pl ...

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SBI will try to keep soft interest rate
03 Jul

State Bank of India (SBI) will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman D ...

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UBS expects record IPO year for India despite Covid-19 crisis
03 Jul

India’s sharp surge in Covid-19 cases will not prevent the country’s markets from setting a record for initial public offerings in 2021, as a cohort o ...

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Why can’t all get free Covid jabs under national scheme: SC to Centre
01 Jul

The Supreme Court on Friday asked the Centre why it could not vaccinate the entire Indian population against Covid-19 free of cost under the National ...

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After US, EU policy faces criticism on export restrictions
01 Jul

The European Union’s policy to restrict vaccine exports has come under attack from World Trade Organization (WTO) members led by Australia with India, ...

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Tech companies set up business continuity plans
01 Jul

Tech companies’ Covid war rooms are working around the clock as the number of distress calls from employees seeking help — many of whom have been infe ...

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SBI not to freeze accounts if KYC not updated
01 Jul

The State Bank of India said on Saturday that the bank will not ask its customers to visit the branches for updating Know Your Customer (KYC) details. ...

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RIL’s Q4 net increases over 2X to near Rs 15k crore
01 Jul

Fourth quarter profit of Reliance Industries (RIL), India’s largest company in terms of market value, more than doubled after growing 129% to Rs 14,99 ...

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Bank credit grows slowest in 4 years
01 Jul

Bank credit to businesses and individuals slowed to a four-year low of 4.9% in FY21, down from 6.8% in FY20 due to the pandemic. Credit growth during ...

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Companies shut plants and reduce output to cope with fall in demand
30 Jul

The fresh wave of the coronavirus has crippled industrial activity across key manufacturing units as factory output has drastically reduced for many, ...

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Tatas get CCI approval for $1.2 billion Bigbasket buy
30 Jul

The Competition Commission of India (CCI) cleared Tata Digital’s acquisition of a majority stake in Bigbasket without conditions. Tata Digital’s inter ...

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Gold demand rises 37% to 140 tonne in Jan-March 2021
30 Jul

Pent-up demand for the yellow metal after months of lockdown in 2020 and an appreciating rupee, which saw its price stabilise in the first three month ...

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AU Small Finance Bank Q4 net profit up 38 % at Rs 169 cr
30 Jul

AU Small Finance Bank reported a 38.1% jump in its net profit for the quarter ended March 31, 2021 at Rs 168.97 crore versus Rs 122.32 crore a year ag ...

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Insurers must tell hospitals about cleared claims within 1 hour
30 Jul

Insurance Regulator and Development Authority of India (Irdai) has told insurers to communicate their cashless approvals for Covid-19 claims within an ...

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Pay for home nurses rises as demand increases
30 Jul

The spike in Covid cases and increased need for home isolation and treatment has led to a shortage of trained nurses, paramedics and phlebotomists. Co ...

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Gem & jewellery industry worried about new tax by US on exports
29 Jul

The proposal of the United States Trade Representative (USTR) to impose retaliatory tariffs on 41 Indian products including 17 items in the gem and je ...

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Zomato files for Rs 8,200 crore IPO
29 Jul

Food delivery platform Zomato on Tuesday filed a draft red herring prospectus (DRHP) with markets regulator Sebi for an initial public offering (IPO) ...

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Panchayats block soft drink, ice cream companies
29 Jul

Soft drink and ice cream companies that were beginning to cash in on improving rural sales have suddenly found themselves staring at a unique roadbloc ...

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Top Companies come forward to fight pandemic
29 Jul

As coronavirus infections rip through India, companies — both big and startups — are pitching in with everything from setting up makeshift hospitals t ...

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ADB raises FY22 GDP forecast to 11%
29 Jul

The Asian Development Bank (ADB) said on Wednesday that India’s GDP will rebound strongly by 11% in 2021-22 due to continued economic recovery boosted ...

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Top mutual fund executives to get 20% of pay in units
29 Jul

Markets regulator Sebi on Wednesday said that each fund house should pay at least 20% of salary, perks, non-cash compensation net of income tax, NPS, ...

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Life policy cover may be reduced due to pandemic
28 Jul

Life insurance companies have turned cautious and tightened underwriting norms for high-value policies in the wake of the Covid pandemic and pullback ...

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Making covers for Thermal Project a challenge as reinsurers tightens norms
28 Jul

Thermal power plants are finding it difficult to obtain reinsurance cover in international markets as global giants tighten their environment, social ...

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SC’s Tata ruling has patent errors: SP’s review plea
28 Jul

In its review petition filed before the Supreme Court (SC), the Shapoorji Pallonji (SP) Group has contended that the apex judiciary’s March 26 judgmen ...

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Despite lockdowns we are able to sell whatever we produce says Maruti chairman
28 Jul

As the country slips into lockdown and corona restrictions rise due to increasing cases of the spread of the deadly virus, Maruti Suzuki said on Tuesd ...

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American business rallies to help India fight Covid
28 Jul

In a big show of solidarity, numerous American businesses have stepped up to join India’s fight against the unprecedented pandemic crisis. The US Cham ...

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NBFCs seek RBI relief over default fears in Covid second wave
28 Jul

Non-banking finance companies (NBFCs) have written to the RBI governor seeking a dispensation for restructuring loans by the shadow banks to small bus ...

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RBI limits tenure for MDs, CEOs at private banks
27 Jul

The Reserve Bank of India (RBI) has capped the tenure of managing directors (MDs) and chief executive officers (CEOs) and whole-time directors (WTDs) ...

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Lockdowns may lead to supply disruption, fuel inflation etc says RBI
27 Jul

The Reserve Bank of India has said in its ‘State of the Economy’ report that the resurgence in Covid infections, if not contained in time, risks protr ...

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Nadella, Pichai helps out India to fight pandemic
27 Jul

A number of wealthy Indian Americans, including Microsoft CEO Satya Nadella and Google CEO Sundar Pichai, have joined forces with India in its battle ...

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RIL, BP Start Production From Second Deepwater Gas Field
27 Jul

Reliance Industries Ltd. and BP Plc have started production from their second new deepwater gas field in the KG-D6 block in the east coast of India. T ...

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Blackstone to buy controlling stake in Mphasis
27 Jul

US private equity giant Blackstone, along with the UAE’s Abu Dhabi Investment Authority (ADIA) and UC Investments, will buy a controlling stake in Ben ...

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IT companies expand Covid care facilities for employees
27 Jul

IT services companies are lending a helping hand to their employees to cope with the health challenge thrown by the second wave of the pandemic. Infos ...

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Investors should protect funds, even if returns are low
26 Jul

The surge in Covid infections is forcing investors to look at preserving their capital by moving a higher percentage of their portfolio into liquid fu ...

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HSBC remains bullish on India, to grow local business
26 Jul

HSBC has retained its growth forecasts for India despite the second wave of Covid and has said that it intends to grow its business in the country. Th ...

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Oil, steel cos divert 4k MT of Oxygen to hospitals
26 Jul

The oil and steel sectors are diverting close to 4,000 metric tonnes (MT) of liquid oxygen to hospitals treating coronavirus patients on a daily basis ...

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Startups, tech giants come forward to help India in healthcare crises
26 Jul

Founders of India’s internet companies, marquee investors, and tech giants like Amazon have extended their support to tackling the ongoing healthcare ...

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Shapoorji Pallonji files for review of SC judgment in Tata case
26 Jul

The Shapoorji Pallonji (SP) Group filed for a review on Saturday of the Supreme Court verdict in its minority shareholder oppression case against Tata ...

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Oil ministry plans to carve up ONGC in pieces, offer stake to private companies
26 Jul

In a move that will turn ONGC into a lame duck, the oil ministry has drawn up plans to carve up the country’s largest explorer into smaller entities, ...

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Bankers seek frontline worker sops
24 Jul

Bankers, particularly those in the public sector, are facing the brunt of the second wave of the pandemic. Most bank jobs are customer facing and clas ...

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Amex, Diners Club can’t add customers
24 Jul

The Reserve Bank of India (RBI) on Friday barred American Express Banking Corporation and Diners Club International from issuing new cards. The direct ...

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Irdai tells insurers to complain about errant hospitals
24 Jul

A day after Union finance minister Nirmala Sitharaman tweeted about reports of hospitals denying cashless services to Covid-19 patients and asked Insu ...

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SBI cuts FY22 GDP growth to 10.4%
24 Jul

State Bank of India (SBI) has revised downwards the country’s GDP growth projections for the current fiscal year to 10.4% from 11%, citing the partial ...

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Karnataka HC refers Google case back to ITAT
24 Jul

In a relief to Google India, the Karnataka high court has set aside the Income Tax Appellate Tribunal (ITAT) order related to the Adwords platform (no ...

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HCL deal bookings at all-time high in Q4
24 Jul

HCL Technologies reported revenue growth of 2.6% in constant currency for the fourth quarter, compared to last year, continuing the strong run of IT s ...

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Housing demand recovery surprisingly strong: HDFC Chairman
23 Jul

Demand for housing has surprised on the upside, however, it is structural and here to stay, said HDFC chairman Deepak Parekh. He said demand for large ...

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TRIPS meet: India, S Africa to rework patent proposal
23 Jul

The European Union (EU), the UK and Switzerland on Thursday refused to support talks for easing patent rules for vaccines, although World Trade Organi ...

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Dish TV shares pledged to rescue Zee’s Chandra
23 Jul

Dish TV promoter & MD Jawahar Goel has offered the company’s shares as security for credit facilities availed by his elder brother and Zee Enterta ...

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Surge in Covid cases biggest recovery hurdle, says RBI governor
23 Jul

Rapid rise in Covid cases is the single biggest challenge to the ongoing recovery in the Indian economy, RBI governor Shaktikanta Das has said, assert ...

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Hospitals can’t deny cashless Covid claims, rules Irdai
23 Jul

The insurance regulator on Thursday directed insurance companies to take ‘appropriate action’ against network hospitals denying cashless facility to C ...

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Small companies get hit most by lockdowns, may default
23 Jul

Non-banking finance companies (NBFCs) and rating agencies have warned of delinquencies in the small and medium enterprises segment if the lockdown con ...

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Let’s define essential list: Industry
22 Jul

Industry leaders on Wednesday pitched for a universal list of essential services that should remain functional across states, a suggestion that financ ...

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India Inc scrambles to get staff vaccinated
22 Jul

Leading corporate brands have started to tap private healthcare providers to conduct on-site and off-campus Covid vaccination drives for their entire ...

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Banks to curb branch operations in Covid zones
22 Jul

Banks are set to take measures to restrict footfalls to contain the spread of infections in areas with a surge in Covid cases. The Indian Banks’ Assoc ...

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‘India has enough oxygen, but transport a problem’
22 Jul

There’s plenty of medical oxygen available in the country — the challenge is transporting it from factories to the hospitals, said a top executive of ...

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Smartphone shipments may fall 10%-15%in Q1
22 Jul

The second wave of the pandemic and resulting restrictions in Delhi, Mumbai and other locations is likely to dent smartphone shipments by almost 10%-1 ...

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HDFC, Indiabulls to co-lend home loans
22 Jul

In a first, two housing finance companies have come together for co-lending. Mortgage finance major HDFC has entered into a pact with Indiabulls Housi ...

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Curbs and labour migration worry companies amid surge in Covid cases
21 Jul

Despite the government’s attempts to comfort industry against a national lockdown, businesses remain wary, amid rising cases and restrictions across s ...

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India Inc steps on gas to boost oxygen supply
21 Jul

India’s large manufacturers such as Reliance Industries (RIL) are ramping up production of liquid medical oxygen to help battle the coronavirus outbre ...

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Bharat Bio to ramp up Covaxin output to 700m doses/year by July
21 Jul

Bharat Biotech, the developer of indigenous Covid-19 vaccine Covaxin, on Tuesday said it has expanded capacities across multiple facilities in Hyderab ...

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Despite surge in cases, govt targets 25% export growth
21 Jul

The government on Tuesday set an ambitious export growth target of 25%, shrugging off fears of a higher Covid infection rate even as it rejected the U ...

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SaaS startup Chargebee is the 11th unicorn of 2021
21 Jul

Chargebee, a billing and revenue management startup, has raised $125 million in a series G round led by new investor Sapphire Ventures and existing in ...

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Production Capacity loss a worry: CEA
21 Jul

The impact of COVID-19 on the economy would not be ''very large'' as the country has worked very well on converting the crisis created by the pandemic ...

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Production Capacity loss a worry: CEA
21 Jul

The impact of COVID-19 on the economy would not be ''very large'' as the country has worked very well on converting the crisis created by the pandemic ...

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

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

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

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

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

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

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Future Retail lenders give nod to debt recast plan
19 Jul

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

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Companies help men get back to work after break
19 Jul

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

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LIC ties up with Paytm to handle digital payments
19 Jul

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

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Covid surge stokes recovery worries, hits growth forecast
14 Jul

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

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In 2021 startup gold rush, Unicorn sightings peak
14 Jul

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

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

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

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Flipkart set to acquire Cleartrip in distress sale
14 Jul

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

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

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

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

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

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Hiring outlook up, but few willing to relocate
13 Jul

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

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

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

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

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

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

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

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RBI asks banks to take steps for business continuity
13 Jul

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

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

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

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

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

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

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

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

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

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

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

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Temporary workers wages surge 30% on labour shortage
12 Jul

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

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CEOs prefer strict safety norms over partial lockdowns
12 Jul

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

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Direct tax collections top revised estimates by 5%
10 Jul

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

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

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

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

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

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Now consumer goods companies face labour migration
10 Jul

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

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Big traders ramp up derivative bets on SAIL
10 Jul

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

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

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

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

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

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

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

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Government seeks to step up monitoring of imports
09 Jul

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

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

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

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

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

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

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

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

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

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

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

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Oyo challenges bankruptcy case at NCLT
08 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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MSMEs get new insolvency route
06 Jul

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

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86% insolvency cases pending over 270 days
06 Jul

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

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HDFC Bank loans grow 14% in FY21
06 Jul

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

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

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

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Rising prices hit households reeling under shrunk budgets
03 Jul

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

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Maruti Suzuki India gets notice from customs, DRI
03 Jul

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

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

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

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

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

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

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

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

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

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Auto Industry back on track in Financial Year 2021
02 Jul

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

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Fuel sales up 27% from March 2020
02 Jul

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

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

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

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

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

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Yes Bank buys Reliance Infra HQ
02 Jul

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

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Government sticks to 4% inflation goal for RBI
01 Jul

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

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Centre plans 60% borrowing by September
01 Jul

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

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

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

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

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

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

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

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

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

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

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

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Company praises all-Indian crew of Suez ship
30 Jul

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

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Wanted: A bill to fix Indian manufacturing
30 Jul

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

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Delhi court grants partial relief to northeast riot lawyer
30 Jul

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

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

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

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CJI Bobde hails Goa's Uniform Civil Code
30 Jul

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

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Sebi asks 500 more companies to detail dividend norms
26 Jul

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

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Govt seeks disclosure of crypto transactions, holdings
26 Jul

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

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

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

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SAT quashes Sebi orders in WhatsApp leaks case
26 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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SC waives compound interest for all loans
24 Jul

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

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

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

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

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

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Car and bike prices to go up from April
24 Jul

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

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Cut approval layers for faster privatisation: Niti Aayog
24 Jul

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

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

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

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

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

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

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

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

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

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Centre seeks early SC ruling on HZL stake sale
23 Jul

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

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Tata, SpiceJet promoter shortlisted for Air India bids
23 Jul

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

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

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

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

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

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

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

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Future moves HC against order stalling deal with RIL
22 Jul

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

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Global demand boost for Indian exporters
22 Jul

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

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

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

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Vodafone Idea repayment assurance lifts bonds
22 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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Policyholders will be protected, says FM
19 Jul

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

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

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

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

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

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

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

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

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

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

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

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P&G leverages shifts in habits
18 Jul

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

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

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

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IRDAI bars widening of health covers if premiums increase
18 Jul

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

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

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

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India and Philippines most vulnerable to Capital Flight
18 Jul

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

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

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

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

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

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

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

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

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

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

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

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New movies help boost multiplex occupancy
17 Jul

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

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

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

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

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

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Govt, RBI share similar policy stand on cryptocurrency
16 Jul

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

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BHIM users to get in-app resolution
16 Jul

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

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Garnier labels to show environmental impact
16 Jul

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

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

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

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

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

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

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

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Still want crypto ban, RBI to government
15 Jul

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

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Accenture India switches to gender-neutral policies
15 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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India, China voice same agri concerns at WTO
12 Jul

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

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

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

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RBI is exploring ways to regulate online loan apps
12 Jul

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

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Benami property deals under scrutiny by IT Deptt.
12 Jul

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

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

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

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

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

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

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

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

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

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Cabinet okays insurance Act amendments
11 Jul

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

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Two rly station named to operate under PPP
11 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Rethink to abolish Intellectual Property Appellate Board
09 Jul

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

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


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

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

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

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

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

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Credit-wary women up home loan share
09 Jul

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

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Work from home helps married women return to work
08 Jul

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

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

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

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

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

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

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

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Industry seeks clarity on Haryana’s jobs bill
08 Jul

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

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Separate fund under EPFO likely for new individuals
08 Jul

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

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

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

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

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

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

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

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RIL to cover vax cost of staff
06 Jul

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

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

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

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

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

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Banks may seek extension of freeze on NCLT proceedings
05 Jul

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

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

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

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

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

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

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

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

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

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Cognizant to hike bonus, offer more promotions
05 Jul

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

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

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

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Startups tap new investors amid uncertainty on China FDI
04 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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RBI raises concerns over money-laundering checks
03 Jul

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

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

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

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

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

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Manufacturing activity eases marginally in February
02 Jul

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

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NHAI plans 5,000 km roads per year
02 Jul

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

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

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

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

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

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

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

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

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

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ICAI pulls up students for social media posts
01 Jul

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

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

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

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

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

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

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

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Lenders may get dues from NHAI
01 Jul

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

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

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

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Govt extends EOI deadline for BEML till March 22
27 Jul

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

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Core sector output rises 0.1% in January
27 Jul

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

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Rising fuel cost pushes India Inc to hike prices
27 Jul

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

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Rupee sinks 105 paise, worst fall since March
27 Jul

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

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

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

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

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

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

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

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Xiaomi boosts India phone making capacity by 20%
26 Jul

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

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

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

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Govt notifies new rules governing digital media
26 Jul

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

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Messaging apps may lose biggest USP
26 Jul

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

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

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

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Indian arm of Mexican company buys Modern Foods
25 Jul

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

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Centre lifts embargo on private banks for government business
25 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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Co-working spaces see 80% demand recovery
24 Jul

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

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

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

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

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

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

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

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

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

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Inactive Mobikwik users face maintenance charge
23 Jul

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

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

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

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

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

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Small developers continue to win solar auctions
23 Jul

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

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Fully provided NPAs may go to proposed bad bank
22 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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Government eases compliance burden on unlisted companies
20 Jul

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

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Government to appeal against Cairn ruling
20 Jul

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

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

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

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

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

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China Mulls Easing Capital Controls on Offshore Investments
20 Jul

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

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GST on gas to lower prices, boost volumes
19 Jul

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

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More defaulters under RERA watchlist
19 Jul

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

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

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

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RBI tightens norms for e-payments
19 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Tata Group seek CCI nod to acquire Bigbasket
17 Jul

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

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

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

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

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

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

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

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Cognizant puts up $30 million for employee retention
17 Jul

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

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Unacademy acquires networking platform TapChief
17 Jul

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

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

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

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

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

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

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

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Delhi Gymkhana to get govt administrator, rules NCLAT
16 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Tata Motors gets Daimler veteran Llistosella as CEO
13 Jul

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

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SBI MF to liquidate remaining assets
13 Jul

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

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Farm laws to empower marginal farmers: CEA
13 Jul

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

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

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

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Lakshmi Mittal passes the steel baton to son Aditya
12 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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Proposal to make vehicles E20 fuel compliant by 2025
11 Jul

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

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

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

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Poonawalla buys 60% in Magma Fincorp.
11 Jul

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

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

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

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

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

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Sebi may compensate investors losses due to tech faults
11 Jul

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

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Existing laws inadequate to deal with cryptocurrency: Govt
10 Jul

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

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

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

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

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

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HDFC Bank beats SBI in Covid scheme loans
10 Jul

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

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

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

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Urban poor still not spending much on FMCG
10 Jul

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

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HC lifts stay on Future-RIL deal
09 Jul

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

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

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

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

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

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

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

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HCL Tech to pay staff Rs 700cr bonus
09 Jul

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

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Companies registration jumps 21% in April-December
09 Jul

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

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

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

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

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

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

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

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

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

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Over 300 PSUs may shrink to two dozen only
08 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Power consumption grow nearly 6% in January
05 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Number of centrally sponsored schemes now 33 from 31
04 Jul

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

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

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

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

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

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

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

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

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

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

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

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No govt stake in lenders’ Assets reconstruction company
03 Jul

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

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

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

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

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

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

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

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

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

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

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

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Govt announce vehicle scrap policy for old vehicles
02 Jul

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

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FMCG market growth doubles to 4.2% last year
01 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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5G rollout may be reality by September
29 Jul

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

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

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

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Apple revenue tops $100bn for first time
29 Jul

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

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

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

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

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

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

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

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Cabinet Committee of Economic Affairs Approves PSU Privatisation Policy
28 Jul

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

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

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

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

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

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

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

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

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

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

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

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Tax relief likely for expats hired for PLI jobs
27 Jul

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

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Formal job creation continues to decline in November
27 Jul

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

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

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

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Banks review services policy for WhatsApp
27 Jul

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

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

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

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

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

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

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

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

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

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Depositors seek end to ATM decline fee
25 Jul

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

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

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

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AGMs, EGMs may go virtual permanently
25 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Better sale value likely for sale of PSUs
22 Jul

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

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

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

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

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

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

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

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Budget 2021 may raise duty on finished goods
22 Jul

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

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

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

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

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

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

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

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

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

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India Inc wants budget to focus on demand push
21 Jul

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

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Karnataka tops Innovation Index, Maharashtra ranks 2nd
21 Jul

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

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

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

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Covid changes saving pattern of people
20 Jul

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

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

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

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

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

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Govt. planning tighter FDI rules for ecommerce sector
20 Jul

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

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Budget 2021 may open mega textile park scheme
20 Jul

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

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HDFC bank submit glitches control plan to RBI
19 Jul

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

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Uptrend in business activity continues in 2021.
19 Jul

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

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

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

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ONGC offers joint venture in exploration blocks to Exxon
19 Jul

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

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

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

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

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

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

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

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

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

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Microfinance lenders see rise in missed installments.
18 Jul

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

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

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

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

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

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

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

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TaMo’s Tesla tweet electrifies industry.
16 Jul

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

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

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

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

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

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

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

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

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

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

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

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PSU lenders back Piramal’s DHFL bid
15 Jul

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

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

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

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

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

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

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

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Fuel prices flare up but no tax cut signs
15 Jul

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

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Zero coupon bonds for banks recap to stop
15 Jul

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

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

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

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Tesla drives into Bengaluru with new company.
13 Jul

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

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

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

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Payment gateways still charge for UPI, RuPay.
13 Jul

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

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Startups taking entry in healthcare sector.
13 Jul

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

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

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

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

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

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

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

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Amazon may move HC in Future Group dispute.
12 Jul

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

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Coal exchange likely to start later this year.
12 Jul

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

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HC passed interim orders in favour of HUL ads
12 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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WhatsApp pay policy enjoys higher priority
09 Jul

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Expert panel seeks basic living wage after job loss
08 Jul

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

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

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

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

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

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SC to take up Telecom Disputes Settlement Tribunal call for ‘no licence fee’ on ISPs
06 Jul

The Supreme Court on Tuesday admitted an appeal by the Union government challenging a decision of the Telecom Disputes Settlement and Appellate Tribun ...

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Economy likely to maintain V-shaped recovery: Finance Ministry
06 Jul

India’s economy is on course to perform better in the second half of the fiscal buoyed by sustained improvement in high frequency indicators while app ...

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Working to improve ease of doing business with the Indian Railways: Piyush Goyal
06 Jul

The government is working to do away with restrictive practices in its efforts to improve ease of doing business with the Indian Railways, Union minis ...

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Rising demand for an owned mode of transport, Waiting period upto 10 month
06 Jul

Rising demand for an owned mode of transport, coupled with decadal low auto loan rates, has resulted in the return of a wait list for car buyers. This ...

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3.5 Crs. records of personal data leaked in Aug 20 by Amazon, Swiggy's payment processor
05 Jul

Payment services provider Juspay, which processes transactions for online giants like Amazon, Swiggy and other companies, on Monday admitted to a data ...

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December 20 manufacturing activity remains strong as new orders rise
05 Jul

Activity in the country’s manufacturing sector remained stable in December as manufacturers stepped up production and new orders continued to rise for ...

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Corporate and personal income tax collection has gone down in 2020
05 Jul

India’s tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections, resulting from a disproportionate impact of the C ...

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Demand of app-based taxis gone down due to pandemic
05 Jul

It was seen as the sunrise sector till just a few years ago, but fears over spread of coronavirus through use of app-based taxis have punctured the gr ...

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Renewable energy adoption by corporates sees strong growth
05 Jul

What began in 2014 as environmental responsibility has since turned into commercial investments. Some call it the ‘Greta Thunberg effect’, but away fr ...

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Ballastless tracks designed by India to be used for high-speed RRTS trains
05 Jul

The National Capital Region Transport Corporation will use indigenously designed ballastless tracks for the country's first Regional Rapid Transit Sys ...

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India alert developing nations against Information Technology Agreement
04 Jul

Ahead of a key ministerial meeting of the World Trade Organization (WTO) this year, a government think tank has cautioned developing countries against ...

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Liquidity-related relaxation to road contractors extend till June end
04 Jul

The highways ministry has extended the duration of a liquidity-related relaxation provided to road project contractors in response to Covid-19 that en ...

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BEML share up more than 5% as govt to disinvest 26% stake in company
04 Jul

Shares of state-run BEML rose more than 5 per cent on Monday after the government said it is disinvesting 26 per cent stake in the company.At 9:29 am, ...

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life sciences are the most preferred sector that is predicted to attract talent.
04 Jul

For the first time perhaps, life sciences has emerged as the most preferred sector that is predicted to attract talent, ahead of IT and FMCG, this yea ...

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Metal billionaires have shown an interest in Uttam Galva Steels
04 Jul

Metal billionaires Lakshmi Mittal, brothers Sajjan Jindal & Naveen Jindal, and Anil Agarwal (of Vedanta) have shown an interest in Uttam Galva Ste ...

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BPCL, Air India selloff push into FY22
04 Jul

The government may not be able to close the BPCL and Air India disinvestment transactions by March 31, although it is pushing the sale of five large p ...

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RIL, Mukesh Ambani fined for ‘manipulative trades’
02 Jul

Markets regulator Sebi on Friday fined Reliance Industries, Mukesh Ambani and two other entities a total of Rs 70 crore for alleged manipulative tradi ...

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In a surprise move, Ford, Mahindra call off proposed auto joint venture.
02 Jul

In a sudden and surprising move at the close of 2020, American auto maker Ford and homegrown Mahindra and Mahindra decided to call off their automotiv ...

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Car industry wraps up tough 2020 on a high
02 Jul

The car industry wrapped up one of its toughest year to date, closing 2020 with positive numbers in December, indicating that consumers have been buyi ...

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RBI launches surveys to get inputs for monetary policy
02 Jul

The Reserve Bank of India (RBI) on Friday announced the launch of the next round of household surveys to capture inflation expectations and consumer c ...

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Power demand up 5 per cent in December
02 Jul

Electricity demand in the country in December was higher by 5% from a year ago, marking the fourth consecutive month of growth, data from grid operato ...

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Mid-stream manufacturers of natural diamonds likely to enter lab-grown diamonds Biz
02 Jul

Many mid-stream manufacturers of natural diamonds in India are likely to enter the business of lab-grown diamonds, following Bharat Diamond Bourse’s ( ...

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Tax tribunal drops remark against Mistry in Tata order
01 Jul

Two days after passing critical remarks against Cyrus Mistry, the Income Tax Appellate Tribunal (ITAT) has issued a corrigendum, stating “some inadver ...

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Market rally could become more broad-based in the coming months as growth picks up
01 Jul

ICICI Prudential Mutual Fund MD and CEO Nimesh Shah on Thursday said that the market rally could become more broad-based in the coming months as growt ...

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The eight Core sector shrink 2.6% in Nov.
01 Jul

The eight key core sectors contracted for the ninth consecutive month in November, posing some concerns for policy makers in the new year. Data releas ...

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Complaint by CAIT against Flipkart, Amazon to ED & RBI
01 Jul

The Confederation of All India Traders’ complaints against e-commerce giants Flipkart and Amazon have been forwarded by the Department for Promotion o ...

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Jio makes local calls to rivals' networks free from January 1
01 Jul

Reliance NSE 0.28 % Jio Infocomm will stop charging subscribers for local calls made to rival networks from Friday, when interconnect user charges (IU ...

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Covid has shaped Salary trends in a positive way for sales, legal and tech sectors
01 Jul

Covid has shaped salary trends in a positive way for several sectors. These include internet & e-commerce, BFSI (banking, financial services & ...

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Groundwork done for privatisation of PSU's in 2021: Govt officials
31 Jul

The massive shortfall in the Rs 2.1-lakh-crore disinvestment target has triggered unease within the government. The department for investment and publ ...

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Companies go beyond gender, eye neurodiverse talent
31 Jul

Progressive companies understand the importance of diversity and inclusion (D&I) beyond gender. But even while India Inc is still scratching the s ...

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E-payments battle costs companies $900 million in loss
31 Jul

The fight for dominance in digital payments has caused a collective loss of nearly $900 million (Rs 6,500 crore) for Paytm, PhonePe and Amazon's payme ...

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Ethanol output boost: Rs 4,573-crore scheme cleared
31 Jul

The cabinet has approved interest subvention of ₹4,573 crore to raise ethanol production using cereals such as rice, wheat, barley, corn, sorghum, sug ...

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Finance Ministry okays 8.5% on PF deposits for 2019-20
31 Jul

The finance ministry has accepted the labour ministry’s proposal for crediting 8.5% interest on provident fund deposits for 2019-20, a move that will ...

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Spices exports seen picking up as prices fall up to 23%
31 Jul

Spices exports from India are likely to revive after about two months with the arrival of the new crop in a fortnight and helped by up to 23% fall in ...

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AirAsia to sell 33% in local JV to partner Tata Sons
30 Jul

Malaysia’s AirAsia has agreed to sell a 32.7% stake in its India venture to partner Tata Sons for 153 million ringgit (about Rs 278 crore), which will ...

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Will use supervision technology to keep up with entities: RBI
30 Jul

The Reserve Bank of India (RBI) has said that it will start using SupTech (supervisory technology) and RegTech — a subset of fintech that uses technol ...

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PMC Bank puts on block 2 aircraft of Wadhawans, the company promoter
30 Jul

Punjab and Maharashtra Cooperative Bank, which is trying to recover Rs 4,335 crore of loans the bank’s erstwhile management fraudulently lent to HDIL, ...

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Banks need Rs1L crore for NPAs
30 Jul

The Reserve Bank of India (RBI) has said that banks will need additional capital of up to one and a half percentage points of risk-weighted assets in ...

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Railways freight corridors to become an avenue for Atmanirbhar Bharat, says PM
30 Jul

Freight corridors being built by the railways will become a means of self-reliance for the country and will benefit industries, businesses, farmers an ...

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Air bags for front seats may be must for new cars from April 1
30 Jul

All new car models would need to have airbag for front-seat passengers from next April and all existing models would get this from June 1, the road tr ...

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Funds raised by India Inc record Rs1.8L cr from equity market
29 Jul

The onset of the Covid-19 pandemic and a sharp slide in the stock market in the early months of 2020 notwithstanding, companies raised a record amount ...

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Nitin Gadkari confirms Tesla coming to India in ‘early 2021’
29 Jul

Nitin Gadkari on Monday told that US clean energy and electric vehicle company Tesla will “start operations” in India in early 2021.During the convers ...

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RBI deputy government argues for 4% cap on inflation
29 Jul

 A paper published by the Reserve Bank of India (RBI) and co-authored by its deputy governor and member of the monetary policy committee (MPC), M ...

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Tata Trusts can enjoy tax exemption: IT Appellate Tribunal
29 Jul

A high-profile Mumbai bench of the Income Tax Appellate Tribunal (ITAT) on Monday quashed the revisionary orders passed by the commissioner (exemption ...

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Metro services in over 25 cities by 2025:PM Modi
29 Jul

Modi said that by 2025, metro train services will be available in 25 cities across India."When our government was formed in 2014, only 5 cities had me ...

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Govt to move SC against HC stay on Chandigarh discom privatisation
29 Jul

The government will soon challenge in the Supreme Court a Punjab & Haryana High Court order staying the privatisation bid of Chandigarh electricit ...

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Top 20 models drive over 74% of India’s car sales
28 Jul

Two consecutive years of low sales, first due to an economic slowdown and then the pandemic, has created a ‘winner takes it all’ situation in the car ...

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Cairn case: Tribunal cites PM & Jaitley views on retrospective tax
28 Jul

A three-member tribunal at the Permanent Court of Arbitration in The Hague cited statements by Prime Minister Narendra Modi and other BJP ministers, s ...

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Delhi-Dubai 5th busiest global air route in December
28 Jul

Delhi-Dubai and Mumbai-Dubai have now figured among the busiest international routes in the pandemic world. According to the UK-based air consultancy ...

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Reliance Com resolution may hit hurdle as banks mark its account as fraud
28 Jul

The bankruptcy resolution process for Reliance Communications NSE -2.50 % (RCom) may hit another hurdle with State Bank of India, Union Bank of India ...

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Operator for common gas pipelines soon: Petroleum secretary
28 Jul

India will soon have an independent operator of common carrier gas pipelines to ease access to transport infra, deepen the local gas market and meet t ...

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Budget 2021-22: CII suggests graded road map towards competitive import tariffs
28 Jul

India Inc’s recommendations for the Budget 2021-22 take cognizance of the stressed fiscal situation due to a sharp decline in revenue collections foll ...

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Lower interest rates make India Inc less default liable
26 Jul

 A sharp reduction in interest rates and an increase in revenues led to a sharp improvement in interest coverage or the ability to service debt f ...

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Bad debt fear keeps private banks away from street vendor loans
26 Jul

Last week, a branch manager of a leading state-run bank in Madhya Pradesh wrote to the municipal commissioner seeking “cooperation” as several of the ...

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India should pursue FTAs with EU & UK
26 Jul

With European Union and the UK clinching a post-Brexit trade pact, India should now aggressively pursue free trade agreements (FTAs) separately with b ...

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Global merger and acquisition deals spike in 2nd half of 2020
26 Jul

Global merger and acquisition (M&A) activity clawed its way back from near-decade lows in 2020, facing down the pandemic with a string of large tr ...

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Can't meet target of production-linked incentive scheme for FY21,handset makers
26 Jul

Apple contract manufacturers Wistron and Foxconn, as well as Samsung and Indian device makers Lava and Micromax, have told the government they won’t b ...

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RBI interventions bring rupee exchange fluctuations down to 15-year low
26 Jul

This year witnessed a mega crisis — unprecedented in a globalised economic order. Yet, the central bank’s adroit handling of money issues helped mitig ...

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RBI warn against loans given on apps
24 Jul

Following cases of suicide over alleged harassment by recovery agents of entities that provided loan over mobile apps, the RBI has cautioned against s ...

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Infosys' market-capitalization cross $70bn for the first time.
24 Jul

Infosys' crossed $70 billion in market capitalisation for the first-time in its 39-year history after its ADR ran up by 5% at Tuesday’s close on the N ...

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Vedanta promoters look to hike stake by 5% for Rs 3k cr
24 Jul

The promoters of mining major Vedanta have mandated US broking house JP Morgan to buy up to 18.5 crore shares, or almost 5% of the company, from the s ...

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After Vodafone, govt loses retrospective tax case against Cairn energy
24 Jul

In a fresh setback to the government on retrospective taxation, an arbitration panel has unanimously ruled in favour of Cairn Energy Plc, holding that ...

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India in Talks with Argentina & Brazil to Sign Trade agreement
24 Jul

India is in talks with Argentina and Brazil to ink trade pacts with the two largest markets in South America as it seeks to strengthen trade with the ...

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Airtel added more users than Jio for Third month in Oct, Vi slips
24 Jul

New Delhi: Bharti Airtel NSE 2.37 % outpaced rival Reliance Jio in terms of subscriber addition for the third straight month in October, according to ...

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Large companies don’t need debt restructuring: KV Kamath
23 Jul

Veteran banker K V Kamath says that soft interest rates will provide the tailwind for businesses to come out of the crisis. In an interview to TOI, he ...

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Infosys biggest deal with Daimler worth $3.2bn
23 Jul

Infosys has won the largest deal ever in its history from German automotive major Daimler that sources said is estimated at $3.2 billion, spread over ...

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Two new startups valued $1bn or more born, Total 11 companies
23 Jul

India has seen a record number of unicorns (startups valued at $1 billion or more) being created in 2020. On Tuesday, two companies Glance and Dailyhu ...

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Few takers for non-profitable gas based power plants
23 Jul

Gas-based power plants have started going into liquidation and are expected to fetch no more than 10% of their value. The country has 25 GW gas-based ...

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Apple targets car production by 2024
23 Jul

Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthro ...

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Reliance Set to re-launch JioPhone
23 Jul

Reliance Industries will relaunch its popular 4G feature phone JioPhone next quarter in a bid to ride the study and entertainment-from-home wave and g ...

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Lower car discounts fail to cheer customers this December
22 Jul

A reduced inventory with car dealers due to maintenance shutdowns by auto companies has resulted in little or no discounts this December. Traditionall ...

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HC won't block Amazon from writing to regulators
22 Jul

The Delhi high court on Monday refused to restrain US e-commerce giant Amazon from writing to Indian authorities, including the Sebi and CCI, to oppos ...

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Govt. asset sales to pick up more in next year
22 Jul

The government has stepped up efforts to accelerate the asset-monetisation programme. It hopes to raise a significant amount of revenue in the new yea ...

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Mahindra subsidiary Ssangyong Motors applies for bankruptcy
22 Jul

Mahindra paid $464 million for a majority stake in Ssangyong Motor, the South Korean company has filed for bankruptcy after defaulting on loan repayme ...

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Tax benefits can be withdrawn if investment made to avoid tax: Madras HC
22 Jul

In a judgement that could impact several foreign companies investing in India through subsidiaries or investment arms registered in other countries, t ...

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Atmanirbhar loans help to reduce bad debt in power sector
22 Jul

The government’s Atmanirbhar measures to help businesses hit by the pandemic has addressed a historic problem of power companies, and the banks that l ...

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Air Asia to own only 13% in Tata JV
21 Jul

Malaysian carrier AirAsia will be reduced to a financial investor in its India unit as larger strategic partner Tata Sons initiates consolidation move ...

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Bharatpe eyes PMC Bank in tie-up with Centrum
21 Jul

Merchant payments startup BharatPe and financial services firm Centrum Group have submitted a joint expression of interest (EoI) to the Reserve Bank o ...

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Technically skilled gig workers in high demand
21 Jul

Demand for technically skilled gig workers has gone up as a direct result of large enterprises looking to optimise their future through a digital pres ...

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Adidas tells its employees in India it may sell Reebok
21 Jul

German sports goods manufacturer Adidas has communicated to its employees in India about the possible sale of its subsidiary Reebok.The announcement h ...

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Industry body CII suggests multiple bad banks
21 Jul

Industry body CII on Sunday said it has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performin ...

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China tensions trip General Motors unit sale
21 Jul

General Motors will shut down its last factory in India a day before Christmas, the fallout of raging tension between India and China. GM wanted to se ...

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Sensex hits 47k for 1st time as eco hobbles to recovery
19 Jul

The sensex hit a new lifetime high above the 47k mark on Friday at 47,026 points, and closed a tad below the milestone at 46,961 — still 70 points up ...

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Honda shuts 23-yr-old Greater Noida car unit
19 Jul

Hit hard by stiff competition and a challenging business environment, Japan’s auto major Honda Motor Cars has decided to shut down its factory at Grea ...

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Agarwal, UK firm plan $10bn India M&A push
19 Jul

Vedanta chairman Anil Agarwal is planning to invest $10 billion through a new partnership targeting government privatisations in India. The billionair ...

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IBBI Chief: Insolvency Cases in India likely to Rise in coming Days
19 Jul

Insolvency cases in India are expected to spike in the coming days, as they did world over after the 2008 financial crisis, according to MS Sahoo, cha ...

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I-T reaches out to individuals, firms as the VSVS deadline nears
19 Jul

With less than two weeks to go before the Vivaad Se Vishwas scheme ends, Income Tax officials across the country are reaching out to individuals as we ...

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Falling Short-term Rates Threat to Stability, Say MPC Members
19 Jul

The Monetary Policy Committee (MPC) that voted unanimously to hold interest rates to ensure economic revival has raised red flags on short-term intere ...

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Govt to push Public investment, Strategic sale of state-run Companies.
18 Jul

FM said on Thursday that the government had taken several measures to support the economy, and will continue with public investment, while pressing ah ...

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Divi's Labs enters Rs 1L-cr market cap club
18 Jul

Divi’s Laboratories on Thursday became the second pharma player in the country, after Sun Pharma, to enter the big league of companies with a market c ...

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Sensex nears 47k on record buying by foreign investors
18 Jul

Yearly net inflow in the stock market from foreign funds has topped the Rs 1.5 lakh crore mark, an all-time record, as overseas fund managers poured m ...

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Pramod Mittal withdrew 2nd appeal against bankruptcy
18 Jul

Indian-origin steel tycoon Pramod Mittal, withdrew his second appeal against his bankruptcy order on Thursday minutes before the hearing was due to co ...

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Network core may be no go zone for Chinese vendors
18 Jul

The government may not impose an outright ban on all telecom equipment from Chinese suppliers but only critical components that go mainly into the cor ...

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Mistry ouster premeditated, ambush by Tatas : SP Group
18 Jul

Shapoorji Pallonji Group argued before the Supreme Court on Thursday that the premeditated removal of Cyrus Mistry as Tata Sons chairman was an ambush ...

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Spectrum auction to take place in march after 5 years
17 Jul

The government will finally auction spectrum in March next year, after a gap of five years, but has decided to withhold sale of the coveted 5G spectru ...

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Multivitamin tops drug sales for 1st time in Oct.
17 Jul

Call it the Covid effect. Popular health supplement Zincovit, which provides essential vitamins and minerals, catapulted to the top spot in the domest ...

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Honey adulterant import from china may be curbed
17 Jul

The government is considering curbs, including a possible ban, on the import of high fructose syrup, whose traces were found in honey sold under sever ...

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New public holding rules for cos under insolvency
17 Jul

The board of Sebi on Wednesday said that when a company under Insolvency and Bankruptcy Code (IBC) resolution is re-listed, it should have at least 5% ...

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Small personal loans up 4.5 times in 2 years
16 Jul

Small-ticket personal loans, which were the scourge of the crisis in the same segment a decade ago, are back. This time, they are being driven by soft ...

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Tata sons not a family-run venture to be led only by a Tata: SP Group
16 Jul

SP Group told the Supreme Court on Tuesday that Tata Sons was not a family-run enterprise to be headed only by a Tata and emphasised that to end oppre ...

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Govt all set to launch 'Brand India' mission
16 Jul

The government is all set to launch a ‘Brand India’ mission, focused on the promotion of quality products that are manufactured in the country. The mo ...

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Three boards proposed under Labour codes
16 Jul

The government will soon set up three national boards to determine the minimum wages, social security parameters, and safety and health standards for ...

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The FSDC took stock of macroeconomic developments and financial stability issues, both global and domestic
15 Jul

The Financial Stability and Development Council (FSDC) took stock of macroeconomic developments and financial stability issues, both global and domest ...

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BPCL Panel to hold Additional Meet to sort Techical issues
15 Jul

An evaluation committee on privatisation of Bharat Petroleum Corporation Limited NSE 0.34 % (BPCL) is expected to meet on Tuesday to consider the thre ...

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US- Based PE Oaktree top DHFL bidder with 37000 crores
15 Jul

US-based private equity fund manager Oaktree Capital Management has emerged the highest bidder for Dewan Housing Finance (DHFL) in the latest round of ...

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RBI allows Uday Kotak to lead bank for three more years
15 Jul

The Reserve Bank of India (RBI) has approved the re-appointments of Uday Kotak as MD & CEO of Kotak Mahindra Bank for three years, the lender info ...

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FM begins pre-budget talks with India Inc
15 Jul

Finance minister on Monday kicked off her pre-Budget interactions and met representatives from India Inc to get their views for the 2021-22 Budget, wh ...

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At 1.55%, November WPI reaches nine-month high
15 Jul

India’s wholesale inflation rose for the fourth consecutive month and firmed up to a nine-month high of 1.55% in November driven by manufactured items ...

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NHAI to invite Pvt Cos to build Logistic Parks
15 Jul

The National Highways Authority of India (NHAI) is set to invite private players to build multi-modal logistics parks (MMLPs), with the earliest bids ...

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NITI Aayog proposes surveillance platform to strengthen India’s public health system
15 Jul

NITI Aayog has proposed setting up of a Surveillance Information Platform as it plans to strengthen India’s public health surveillance system, a need ...

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Tatas bid for Air India, 67 years after exit
14 Jul

Tata Group, India’s largest conglomerate, is believed to have submitted an expression of interest for the beleaguered national carrier Air India over ...

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Govt scheme to reduce need for crop loan recast
14 Jul

Bankers expect restructuring requests from corporates to drop drastically because of the extension of the ‘emergency credit line guarantee scheme’ whi ...

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Rs 1.58 lakh cr given to 4.05 m borrowers under ECLGS: FM
14 Jul

About Rs 1.58 lakh crore has been disbursed to nearly 4.05 million borrowers by banks and non-banking financial institutions under the Emergency Credi ...

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Revenge consumption: Surat Diamand units working overtime to meet US Demand
14 Jul

Revenge consumption of diamonds from the US is driving manufacturing units in Surat to work overtime to meet the demand. There has been a shortage of ...

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Mask oversupply may see 50% cos shut shop
14 Jul

From a panic situation of an extreme shortage in April, India now faces an oversupply of surgical and N95 masks. More than half of the manufacturers ( ...

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RBI governor calls for a balanced approach for liquidity
14 Jul

RBI Governor Mr. Shantikanta Das said when we went into the pandemic, there was a synchronised slowdown already across countries. The financial market ...

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Easier norms for contactless use may boost cards
07 Jul

he Reserve Bank of India’s decision to hike the limit on contactless payments without entering a PIN to Rs 5,000 from Rs 2,000 earlier is expected to ...

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Over 60% of RBI’s high frequency indicators above pre-Covid levels
07 Jul

Of the 48 high-frequency financial indicators tracked by the Reserve Bank of India (RBI), 18 remained under pre-Covid ranges, whereas the remaining ju ...

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Dabur and Marico quarrel after CSE report on honey
07 Jul

Two leading homegrown rival FMCG brands Dabur and Marico are in an open spat with each other over claims regarding their honey brands and have taken t ...

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FPI’s invest appx.18000 crs. in first 4 days of December
07 Jul

Overseas investors remained net buyers to the tune of Rs 17,818 crore in Indian markets in first four trading sessions of December amidst better than ...

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IFCI may be put up for strategic sale
07 Jul

State run non-banking finance company IFCI Ltd may be put up for strategic sale, a senior official told ET.
Strategic sale indicates transfer of ma ...

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Govt. may run ESIC hospitals
07 Jul

The Centre is proposing to run all new hospitals planned by the Employees’ State Insurance Corporation instead of handing them to state governments....

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RBI extends liquidity to stressed sectors with cheaper refinance
05 Jul

Stressed sectors have got a fresh line of support with the RBI extending its targeted long-term repo operations (TLTROs) to the 26 industries — includ ...

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Report on corporations in banking is by a panel and not RBI’s view or decision
05 Jul

RBI Governor Shaktikanta Das clarified on 04th Dec. 2020 that allowing corporates to promote banks is not the RBI's view, and the central bank will ta ...

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Banks must invest more in IT systems: RBI
05 Jul

A day after the RBI asked HDFC Bank to halt digital initiatives and credit card sales, RBI governor Shaktikanta Das said that banks need to invest mor ...

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RBI holds rates, projects positive Q3 GDP growth, higher inflation
05 Jul

Reserve Bank of India (RBI) on 05.12.20 left interest rates unchanged for the third straight time amid persistently high inflation and said the econom ...

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Center asks states to ensure policy stability
05 Jul

he Centre is looking to seek policy stability commitment from states, worried that any sudden and abrupt policy reversals locally could derail its pus ...

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Not just pent up demand that is reviving economy: FM
05 Jul

India’s economic recovery post the pandemic is sustainable, finance minister Nirmala Sitharaman said at an event on 4th Dec., pointing to the Goods an ...

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NCLT clears Jio’s Rs.4000 crs. plan for reliance infratel
04 Jul

The National Company Law Tribunal on Thursday approved a resolution plan of Reliance Infratel following which lenders may get around Rs 4,400 crore an ...

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Flipcart hives off Phonepe, payment company valued at appx 40000 crs.
04 Jul

Digital payments major PhonePe has been hived off from parent entity, Walmart-owned Flipkart Group, and will be valued at $5.5 billion, the company sa ...

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SC orders Franklin MF: Seek investors’ consent before shutting schemes
04 Jul

The Supreme Court on Thursday permitted Franklin Templeton Trustee Services to hold meeting with unit holders of six debt schemes that the company pro ...

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IRDAI to ban credit-linked group health insurance
04 Jul

Insurance regulator Ildai has proposed a ban on credit-linked group health insurance, including compensation for serious illnesses bundled with mortga ...

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RBI puts curbs on HDFC’s business after e-banking outages
04 Jul

In an unprecedented move, the Reserve Bank has temporarily barred HDFC Bank from launching digital banking initiatives and issuing new credit cards af ...

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Services activity expands for 2nd straight month
04 Jul

Services activity — the biggest sector of India’s economy — saw growth easing in November, but the index remained in expansion zone for the second mon ...

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Nearly 60 applicants rush bid for Reliance Capital biz
03 Jul

Near 60 firms, most of them non-public fairness buyers, have proven curiosity in bidding for the group firms of Reliance Capital (RCap), which embody ...

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Rising debit bounce rate indicates stress
03 Jul

India’s retail borrowers are still to find their feet as seen from the failure of a large number of auto-debit transactions in October, underscoring g ...

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SC stays order for CCI probe against Flipcart
03 Jul

The Supreme Court on 02nd Dec. stayed the March 4 order of National Company Law Appellate Tribunal (NCLAT) asking fair trade regulator CCI to again in ...

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Salesforce to buy office chat app Slack for $28bn
03 Jul

Salesforce on 1st Dec 2020 capped cloud computing 2020 work-from-home boom with an announcement that it would pay $27.7bn for workplace chat app Slack ...

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SC rejects plea to reopen Sterlite Tamil Nadu plant
03 Jul

The Supreme Court on Wednesday dismissed the interim plea of mining major Vedanta Ltd seeking permission to inspect its Sterlite copper unit at Tutico ...

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24 industries can add 30 million jobs: Piyush Goyal
03 Jul

Commerce and industry minister Piyush Goyal on Wednesday said the government has identified 24 industry sectors which can add Rs 20 lakh crore of annu ...

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Pandemic e-tail push creates 3 lacs delivery & supply chain jobs
02 Jul

The pandemic-induced demand for e-commerce created 2.5-3 lakh temporary delivery and supply chain jobs in India during the recently concluded festive ...

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Mfg activity dips to 3 month low in November 20
02 Jul

A mixed set of data points for some high-frequency indicators have pointed to the challenges the economy may face as it looks to quickly regain normal ...

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States debt to hit 36% of their GDP
02 Jul

The pandemic-hit states are staring at a record 36% jump in their indebtedness to ₹68 lakh crore, which will be a decadal high this fiscal year as the ...

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Freight corridor to open 40% of its routes by April 2020
02 Jul

Indian Railways will be running freight trains on 40 per cent length of its dedicated freight corridor (DFC) by next year.The DFC Project is worth Rs ...

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Govt. to challenge Anil Ambani’s stance on personal guarantee law
02 Jul

The government and the Insolvency & Bankruptcy Board of India (IBBI) are likely to challenge the stance taken by ADAG chairman Anil Ambani and for ...

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Down from festive highs, auto sales up from November 2019
02 Jul

Down from festive highs, auto sales up from November 2019Automotive and two-wheeler gross sales took a breather from the highs of festive months, howe ...

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Gender diversity increasing in mining and mfg Cos
30 Jul

India Inc has quietly progressed on the gender diversity front in spite of the pandemic. Engineering firm ABB, Hindustan Zinc (HZL), Sun Life Asia Ser ...

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India’s FY21 GDP sees upward revisions on faster Q2 rebound
30 Jul

Forecasters are revising upwards their projection for the current fiscal’s GDP growth after better-than-expected numbers for the second quarter. Most ...

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Jan Dhan cash transfers boost ATMs in Bharat
30 Jul

With Jan Dhan accounts and the government’s direct benefit transfers (DBT), ATM usage has gone up in rural areas. This is most clearly seen by the tre ...

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RBI may keep policy rates unchanged
30 Jul

The central bank is expected to keep interest rates unchanged this week, fettered by stubbornly high inflation, according to a Mint survey of 10 econo ...

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Consumer companies advertisement expenditure near normal
30 Jul

India’s largest consumer companies Hindustan Uniliver, Amul, Britania, ITC, LG, Marico, Emami, Parle Products and Dabur said their spending on adverti ...

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Lack of digital connect puts Post Office schemes investors in a spot
30 Jul

Millions of consumers, particularly the elderly, who have invested in popular small savings schemes offered through post offices are facing a tough ti ...

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Eight core sector output falls 2.5% in Oct on oil woes
28 Jul

Core sector output contracted by higher than expected 2.5% during October, due to a sharper fall in refinery output and lower steel production, althou ...

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NSE turnover hits record Rs.1.5 Lakh cr. on Morgan Stanley revamping
28 Jul

Cash segment turnover on the NSE touched a record high of Rs 1.5 lakh crore on Friday, driven by foreign fund buying after MSCI (Morgan Stanley Capita ...

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Fiscal deficit at 120% of FY21 target
28 Jul

India's budgetary fiscal deficit for the April-October 2020-21 period stood at Rs 9.53 lakh crore, or 119.7 per cent of the budget estimates (BE).The ...

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UP, Gujarat, Rajasthan, Himachal and MP to raise Renewable Energy targets
28 Jul

Chief ministers of major states pledged to increase their targets for renewable energy and encourage local manufacturing with incentives, cheering inv ...

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Govt. cites pandemic to oppose moratorium on loan to specific sectors
28 Jul

The government on Friday cited constraints imposed by the country’s economic situation and the uncertainty over the Covid-19 pandemic to oppose any fu ...

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Govt says recovery under way, warns of Covid surge
28 Jul

The government said on Friday that GDP numbers for the second quarter were better than expected and there was a potential for an upside, but urged cau ...

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Used auto e-portal Car24 zooms to $1bn valuation
25 Jul

Global technology investment firm DST Global, which has backed Indian startups like Swiggy, Udaan, Ola and Byju’s, is leading a $200-million funding i ...

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Toyota issues lock-out notice again at Bidadi plants
25 Jul

Toyota Kirloskar Motors Private Ltd (TKM) on 24.11.20 said it has decided to extend the lockout at its plant in Bidadi near Bengaluru, as the situatio ...

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Spending on electronics and home appliances up 10%-20% this Diwali
25 Jul

More consumers are now open to loosen their purse strings and upgrade their homes with higher capacity and higher-end products with advanced features. ...

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Hospitality industry gets the hit due to fresh curbs come into force
25 Jul

Rising Covid-19 cases in markets such as Delhi, Mumbai, Goa, Himachal Pradesh, Rajasthan and Gujarat, and a new wave of travel restrictions and curfew ...

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Services Exports Sops Scheme revamp soon
25 Jul

The government is looking to revamp a key exports incentive scheme for the services sector, the hardest hit by the Covid-19 pandemic. The proposed rev ...

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As economy opens up, hiring increases in September: Study
25 Jul

As businesses reopen, the job market is showing recovery and the competition for open vacancies is easing, and the opportunities gap between those wit ...

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Rajan, Acharya caution against proposal to allow corporate houses to set up banks
24 Jul

he RBI working group’s proposal to allow corporate houses to set up banks is a “bombshell” and at this juncture, it is more important to stick to the ...

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Coal India plans solar projects worth Rs.5650 crore
24 Jul

State-owned Coal India on Monday said it plans to set up 14 rooftop and ground-mounted solar power projects of 3,000 Mw capacity by 2023-24, which wil ...

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Franklin MF moves SC over closure of 6 schemes
24 Jul

Franklin Templeton Mutual Fund (MF) is moving the Supreme Court (SC) against the Karnataka High Court’s order that said unitholders’ consent was neces ...

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It will be hybrid work model in future: Zoom
24 Jul

Zoom said it will not be business as usual in India even as people are expected to slowly start returning to office next year and corporates will adop ...

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Net FPI inflows into equities near record peak in November 2020
23 Jul

Monthly foreign fund buying in domestic equities in November is on the cusp of breaking the all-time high record set in August this year, if the curre ...

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Tyre companies gets into growing rubber in northeast
23 Jul

In a unique initiative, tyre manufacturers are pumping money to grow raw material — natural rubber — in the northeast. This is a template that could b ...

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Govt. weighs two options for pre-pack IBC resolution
23 Jul

India is considering two options for pre-packaged Insolvency Resolution, including one that includes private discussions between promoters and the fin ...

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TDSAT dismisses Netmagic’s plea to prevent DoT from seeking AGR dues
23 Jul

The telecom tribunal has dismissed Internet service provider (ISP) Netmagic Solutions' plea to prevent the Department of Telecommunications (DoT) from ...

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Kirana King raises Rs.7 crore from RVCF to expand footprint
23 Jul

The Pink City-based grocery shop aggregator Kirana King raised pre-series A funding of Rs 7 crore from Rajasthan Venture Capital Fund to fund its expa ...

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Byju’s in talks to raise fresh funds of $200 mn
23 Jul

Education technology firm Byju’s is in talks to close fresh financing of around $200 million from US asset manager T Rowe Price and existing investor ...

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RBI panel proposes to allow large corporate houses to set up banks
21 Jul

An internal committee of the Reserve Bank of India (RBI) on November 20 proposed an overhaul of the licensing policy for private banks and suggested a ...

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SEBI seeks lower promoter dilution for large IPOs
21 Jul

A Sebi panel has proposed easier public float norms for large IPOs with a post-offer market capitalisation of more than Rs 10,000 crore. It said such ...

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CCI approves RIL and Future Retail business deal
21 Jul

The Competition Commission of India (CCI) on November 20 approved Future Retail Ltd’s asset sale to Reliance Industries Ltd (RIL), in a setback for Am ...

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Mittal and UK govt to offer global telecom connectivity via space
21 Jul

OneWeb, Sunil Mittal and the UK government's rival venture to Elon Musk's SpaceX will start beaming signals to India, along with several parts of Euro ...

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Labour Ministry proposes extension of daily working hours from 10.5 to 12
21 Jul

The labour ministry has proposed maximum 12 working hours in a day inclusive of intervals under the draft rules on Occupational Safety, Health and Wor ...

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Eight banks suffer a higher rate of failure in digital transactions
21 Jul

At least eight Indian banks, mostly public sector lenders, suffered a high rate of failure in digital transactions during October as online payments s ...

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Sebi seeks SC direction for two Sahara companies to pay Rs 63000 Crore
20 Jul

The Securities and Exchange Board of India (Sebi) has moved the Supreme Court, seeking a direction to Subrata Roy's two Sahara Group companies to pay ...

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Furious shareholders of Laxmi Vilas Bank seek fair value for bank
20 Jul

Individual shareholders of Lakshmi Vilas Bank (LVB) are objecting to the RBI’s merger proposal of the bank with DBS Bank India. They point out that, w ...

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Power generating companies pleaded for loan relief during pandemic
20 Jul

Encouraged by the Supreme Court's intervention through a PIL to get compound interest on loans up to Rs 2 crore waived off, power generating firms Thu ...

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Dividends will cover BPCL acquisition cost, but how will Vedanta secure funding
20 Jul

Metals-to-oil conglomerate Vedanta's interest in buying Bharat Petroleum Corp Ltd (BPCL) is a natural progression towards downstream integration that ...

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DRI detects double benefit through IGST exemption on imports and refund on exports
20 Jul

The Directorate of Revenue Intelligence has asked various importers to pay up customs duty on goods imported under advance authorisation or export ori ...

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Chinese auto companies' India investment plans stall amid border tensions
20 Jul

Investment plans by Chinese automobile companies worth about $5 billion face delays of two years or more as tensions at the border remain unresolved. ...

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Shapoorji Pallonji urges SC to separate its interests from Tata Group
19 Jul

After partnering with the Tata Group for the last 55 years, the Shapoorji Pallonji (SP) Group on 18.11.20 requested the Supreme Court to separate its ...

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12 MOUs to be signed at Bangaluru Tech Summit
19 Jul

Bengaluru Tech Summit, 2020 (BTS2020) organised by the Government of Karnataka along with Karnataka Innovation and Technology Society (KITS), Karnatak ...

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RBI Ready to meet deposit shortfall at Laxmi Vilas Bank
19 Jul

LVB has the full backing of the RBI to ensure that there is no cash shortfall. Nobody needs to get panicky about the safety of their money. Lakshmi Vi ...

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Wipro growth has been modest in the past: CEO
19 Jul

Wipro CEO Thierry Delaporte said the company's growth has been modest and far less than its competitors in the past. He said the recent organisational ...

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Now NCLT nod must for mergers with FDI
19 Jul

All mergers and acquisitions involving foreign direct investment will require approval of the National Company Law Tribunal as a “necessary preconditi ...

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IBBI modifies regulations to expedite liquidation
19 Jul

To expedite the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to enable the liquidator of a stresse ...

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Govt Caps Withdrawal From Lakshmi Vilas Bank At ₹25,000 a month
18 Jul

In a joint operation, the Reserve Bank of India on Tuesday announced a plan to merge Lakshmi Vilas Bank (LVB) with DBS Bank India, minutes after the g ...

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Vedanta and two global funds are among bidders for BPCL
18 Jul

Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the govern ...

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Investment banks sound optimistic on India's economic recovery
18 Jul

Global investment banks, Goldman Sachs and Morgan Stanley, have sounded optimistic about India’s economic recovery and have forecast a strong rebound ...

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Sugar production records 191% Year on Year growth
18 Jul

A good rainfall in sugar producing belts of Maharashtra and Karnataka has resulted in a bumper production of the crop for the period ended November 15 ...

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Centre may bar sourcing of 'critical telecom equipment' from China
18 Jul

The government is considering amending licence conditions to at least bar telcos from sourcing 'critical equipment' for their networks from Chinese co ...

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New indicators likely to be added for states' logistics ranking
18 Jul

In a move aimed at improving competitiveness of states on logistics, the government is likely to widen the ambit of perception-based index of mobility ...

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BPCL stake sale gets multiple bids
17 Jul

Global and domestic companies submitted expressions of interest (EoI) for the government’s stake in Bharat Petroleum Corp Ltd by the November 16 deadl ...

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The government of India won't sign free trade agreements
17 Jul

The government on November 16 said it will not sign free trade agreements, which in reality were “trade deals with China by stealth”, with foreign min ...

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Wholesale inflation rises to 8-month high of 1.5% in October 2020
17 Jul

Wholesale inflation shot up to an eight-month high in October as food prices, particularly vegetables remained firm and manufactured products also har ...

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Tractor exports dip 5.5% as companies focus on booming domestic market
17 Jul

With robust domestic demand for tractors, manufacturers have deprioritised exports and are focussing production on home demand instead. As a result tr ...

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Maruti Suzuki India sells over two lakh cars via online channel
17 Jul

The country’s largest carmaker Maruti Suzuki India on November 16 said it has sold over two lakh cars through the online channel. The company, which i ...

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Thailand and EU question India's import restrictions on tyres, ACs and TV sets
17 Jul

India's restrictions on imports of air conditioners, tyres and TV sets have drawn the ire of Thailand and European Union, which raised the issue at a ...

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RBI warns of ‘unrelenting’ inflation related problems
12 Jul

Even as it advanced its projections for an economy recovery, the RBI warned that keeping the system flush with funds, to keep long-term rates low, is ...

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ONGC eyes stake in $1bn Senegal field in distress sale
12 Jul

ONGC Videsh Ltd has entered into a definitive agreement to buy cash-strapped Australian company FAR’s stake in the $4.2-billion Rufisque-Sangomar offs ...

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Bank employees to get 15% salary hike
12 Jul

Bank unions and the Indian Banks’ Association (IBA) signed a bipartite wage agreement on Wednesday, giving bank employees 15 per cent hike and pushing ...

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Tax collection should not trouble anyone: PM
12 Jul

Prime Minister Narendra Modi said on Wednesday that tax collection should not cause inconvenience to the common man but when public funds reach citize ...

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Amazon asks Sebi to probe Future Retail for insider trading
12 Jul

Amazon.com has asked the country’s market regulator to investigate Future Retail for insider trading, a letter seen by Reuters showed, as it seeks to ...

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DOT seeks legal view on additional AGR dues payment
12 Jul

The Department of Telecommunications has sought legal opinion from Solicitor General Tushar Mehta on whether the Supreme Court’s order on adjusted gro ...

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Health Insurance premium zooms up by upto 200%
11 Jul

Persons seeking health insurance must be ready for an unpleasant surprise. Policyholders are seeing their renewal premiums go up by 5-200%. Most insur ...

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Retired bankers might get one rank one pension plan
11 Jul

Retired PSU bankers may get benefits of the One Rank One Pension (OROP) scheme. Armed forces veterans are demanding OROP implementation for a long tim ...

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July- Sept 2020 best quarter for PC market in 7 years
11 Jul

Overall, PC shipments grew 9.2% from the year earlier in the three months ended 30 September to 3.4 million units. India’s PC market recorded its best ...

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Bidders jack up DHFL offers, Oaktree’s remain unaffected
11 Jul

Lenders to the troubled Dewan Housing Finance Corporation Ltd (DHFL) have received revised offers from its four bidders, with the highest tender now a ...

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Harley Dealers may have to shut shops over compensation issues
11 Jul

Harley-Davidson's dealers on Tuesday said they were looking at taking legal action against the US bike manufacturer, which in September announced exit ...

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Banks asked to ensure to seed all accounts with Aadhar
11 Jul

Finance Minister Nirmala Sitharaman has directed banks to seed all account with Aadhaar numbers of their respective holders by March 2021.
Addressi ...

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CCI orders inquiry against Google for alleged unfair practices
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