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


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

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


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

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

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

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



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

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Sri Lanka parliament blocked move to condemn president.
18 May



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

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With just one bidder left, BPCL divestment scrapped.
18 May



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

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

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

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Suppliers prefer short term rate contracts as prices increase
17 May

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

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Whistleblower plaint has no merit: Aditya Birla Capital.
17 May

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

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

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

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


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

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

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

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Railways set to miss asset monetisation target again
16 May

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

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SBI hikes MCLR, old home loans to get costlier
16 May

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

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Some states feel the pinch of inflation more
16 May

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

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Compliance for foreign reinsurance units eased
16 May

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

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Crypto can lead to dollarisation of economy: RBI
16 May

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

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

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

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

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

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CBDT guidelines for compulsory selection of ITRs for complete scrutiny
14 May

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

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

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

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Export rise 31% in April, but trade deficit widens
14 May

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

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Tesla puts India entry on hold due to high import tax
14 May

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

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Bank chiefs do not see rate hikes hurting credit demand
14 May

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

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

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

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Rising inflation in india a crucial challenge for policymakers
13 May

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

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

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

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Cryptos crash as stablecoin Terra loses its dollar peg
13 May

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

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Ford Cancels EV Production Plans in India
13 May

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

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No Pressure from RBI for not using UPI for Crypto Apps
13 May

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

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BharatPe to claw back shares from Ex- MD Grover.
11 May

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

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Power crisis forces states to pay dues.
11 May

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

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Airbus to recruit 500 engineers in India this year.
11 May

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

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Visiting wellness resort? Don't expect GST relief
11 May

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

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USFDA Finds lapses at Sun Pharma's Gujarat plant
11 May

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

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

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

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Court vacancies not due to govt. inaction alone - Rijiju
10 May

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

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

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

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China wants India to treat Chinese companies fairly
10 May

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

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30% tax on Crypto Income likely to discourage investors
10 May

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

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Inflation hits 'Spirits' companies' margins
10 May

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

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RBI not expected to use reserves to shore up Rupee
10 May


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

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5G spectrum auction likely in early June: Ashwini Vaishnav
29 May

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

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Vedanta posts Rs 7,570cr profit in Quarter 4
29 May

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

The exceptional items at Rs 33 ...

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

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

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

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

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ONDC pilots start today, want small businesses on board
29 May

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

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Twitter admits overstating audience figures for 3 years.
29 May

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

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






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

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

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

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Startups must have profitable model: Arora
23 May

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

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

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

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

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

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

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

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Finance Minister says war has forced fuel price hikes
26 May

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

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Forex reserves dip by $2.6bn to $619.6bn
26 May

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

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

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

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RBI board assesses hit to economy from Ukraine war
26 May

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

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Wavemaker shines at Ad Club’s EMVIEs Award
26 May

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

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Largest shareholder Invesco not to seek ZEE MD’s expunction
25 May

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

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Share of stocks in total savings at record high
25 May

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

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4 Companies qualify for battery storage PLI scheme
25 May

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

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

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

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Finance Bill amendments give clarity on health, education cess
25 May

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

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Smartphone exports rise 83% despite chip crunch
25 May

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

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Petrol, diesel price hike seen stoking inflationary pressure
23 May

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

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Zomato faces heat over 10-minute delivery
23 May

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

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

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

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CBIC issues scrutiny norms related to GST
23 May

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

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

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

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Chennai & Bengaluru to top engineering, telcom, healthcare jobs
23 May

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

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RBI governor pledges liquidity, rules out stagflation fears
22 May

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

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Commerce IQ raises $115 million, is now a unicorn
22 May

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

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Companies reduce sanitiser manufacturing as demand drops
22 May

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

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

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

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RBI diversifying reserves from dollar
22 May

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

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Crypto startups offer SIP option to battle extreme price volatility
22 May

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

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

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

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Overseas employed executives want to work in India
21 May

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

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

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

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Accenture increases FY22 revenue growth figures
21 May

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

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Fintechs’ prepaid card bots abuse e-payments
21 May

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

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Banks must monitor companies with fossil fuel links: RBI
21 May

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

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US Federal Reserve hikes interest rates for first time since 2018
17 May

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

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

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

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Amazon requests SC to stop Reliance takeover of Future Retail Stores
17 May

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

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IOC buys Russian crude at deep discount
17 May

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

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Fewer EMI bounces point to drop in loan defaults
17 May

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

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Adani added most wealth in 2021, at $49 Billion
17 May

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

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India close to clinching oil deal with Russia
16 May

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

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

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

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

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

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

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

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


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

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Lenders to move court to secure Future Retail Assets
16 May

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

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

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

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Consumers feel the pinch of inflation, cut shopping
15 May

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

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

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

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

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

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

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

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RIL to buy assets of Dutch battery co Lithium Werks
15 May

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

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Not just crude, fertiliser & metal prices a concern too
14 May

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

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

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

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LIC IPO: Govt wants markets to stabilise before final call
14 May

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

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

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

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

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

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

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

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RBI bars Paytm’s bank from enrolling fresh customers
12 May

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

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

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

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

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

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Industrial growth sluggish at 1.3%
12 May

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

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

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

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

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

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Sebi raids market manipulators across 4 states
11 May

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

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Russian banks woo exporters for rupee-rouble payment option
11 May

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

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

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

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

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

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NGT seeks reply on deaths of 50 crocodiles in Kota
11 May

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

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

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

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Equity MFs not hit by market volatility
10 May

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

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

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

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Cabinet nod for new firm to monetise land assets
10 May

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

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Govt mulls Russia’s cheaper crude offer
10 May

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

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Ukraine crisis may shift some IT work to India
10 May

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

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

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

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Tax-saving plan must be for full year
28 May

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

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Ashneer Grover loses arbitration against governance review
28 May

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

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

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

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Govt. may take up surety bond woes
28 May

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

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HP starts local manufacturing of laptops and other devices
28 May

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

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

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

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

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

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Exporters keep close watch on freight rates
25 May

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

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

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

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

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

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Stock sale in recently listed tech companies intensifies
25 May

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

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Import restrictions on TV displays and smartphones camera reversed
25 May

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

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

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

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

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

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Suzuki, Toyota in talks to make electric cars in Gujarat
24 May

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

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Ikea names first woman CEO for its India operations
24 May

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

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Swiggy set to start drone-led deliveries for B2B
24 May

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

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NCLAT must decide on Amazon appeal fast: Supreme Court
24 May

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

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Ukraine, crude price surge seen as risks to financial stability
23 May

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

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FM to banks: Join account aggregator network
23 May

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

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

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

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NSE case: Hunt for final beneficiaries begins
23 May

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

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

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

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Experts flag lack of laws on govt use of citizen data
23 May

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

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

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

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

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

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‘Banks must be more friendly to customers’
22 May

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

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

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

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

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

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

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

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

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

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Companies delay IPO plans to avoid LIC clash
21 May

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

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

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

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Delhi stadium added to asset monetisation list
21 May

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

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

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

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3 Gujarat highway stretches may be lined up for sale
21 May

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

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

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

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For millennials, leisure more vital than work
18 May

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

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Multilateral bodies need to provide more funds, says FM
18 May

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

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

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

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

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

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

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

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Unified logistics platform to cut cost, boost ease of business
17 May

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

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Board, management overhauled in last 6 years, says NSE
17 May

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

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Government expects no misuse of UAE FTA by 3rd countries
17 May

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

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IDBI Bank restructures operations in line with private lenders
17 May

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

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

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

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Interest rates are unlikely to go any lower, signals RBI
17 May

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

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SC: Interest of homebuyers gets priority over banks'
15 May

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

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

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

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Vedanta will form a Joint Venture with Foxconn for chip plant
15 May

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

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Jio invests $200 million in lock screen firm Glance
15 May

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

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RBI repeats its call to ban crypto
15 May

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

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

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

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

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

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

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

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RBI cuts reverse repo’s relevance by new route
14 May

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

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

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

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GIC invests $170mn in TPG-backed health firm
14 May

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

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

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

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Ford takes a U-turn on electric vehicles
12 May

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

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

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

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Tatas' Air India and Air Asia ink passenger sharing deal
12 May

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

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

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

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Report on lapses in 2 weeks: BharatPe
12 May

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

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Taxing crypto doesn't mean it is legalized: FM
12 May

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

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

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

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N Chandrasekaran set for 2nd term as Tata chief
11 May

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

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MX TakaTak and Moj announce merger
11 May

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

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

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

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Cryptos don't have any underlying value: RBI Governor
11 May

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

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LIC’s IPO gets approval from insurance regulator
11 May

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

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Amazon-Future-Reliance row a luxury litigation: SC
09 May

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

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

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

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Livspace enters unicorn club raises $180 Mn. from KKR
09 May

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

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AirAsia india gets nod for 1st international flight
09 May

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

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No duty cut for Tesla without manufacturing activity
09 May

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

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SC approves Gujarat urja - Adani settlement
09 May

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

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

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

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

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

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

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

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IT companies worry about staff’s moonlighting
08 May

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

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

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

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Suzuki raises india guidance on demand better chip supply
08 May

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

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IPO-bound LIC appoint 6 independent directors on its board
07 May

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

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India’s digital currency to debut by early 2023
07 May


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

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

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

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

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

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

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

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Adani road transport bids for NHAI's three toll projects
07 May

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

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

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

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

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

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IndiGo appoints Co-founder Rahul Bhatia as MD
05 May

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

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

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

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

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

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Small savings inflows surge in FY22 due to Covid impact
05 May

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

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Advent weighs $1 bllion bet on yes bank
04 May

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

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Let Reliance and Amazon bid for Future Retail
04 May

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

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

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

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RBI against using forex limits to trade in dollars
04 May

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

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

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

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Budget 2022 recognises need to spend on building infrastructure
04 May

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

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Investors rush in for cryptos after Govt's tax plan
03 May


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

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Centre to unveil size of LIC IPO in a week
03 May

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

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Digitisation theme a big opportunity for Indian IT
03 May

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

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Startups focus on working cap with longer tax holiday
03 May

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

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D-St cheers: Second best rally in five years
03 May

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

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Kia India Exports 1 lakh units in 29 Months
03 May

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

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Capital expenditure needed to boost growth for private sector investment
01 May

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

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

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

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

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

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

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

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Revised estimate shows GDP contraction at 6.6% in FY21
01 May

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

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Sensex recover on growth forecast
01 May

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

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Mutual Fund body asks fund houses to stop foreign investments
31 May

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

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Employable women jobseekers increased by 2 crore in 5 years
31 May

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

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

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

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Adani to merge rail operations in single company
31 May

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

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

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

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Incentives for green hydrogen is expected in Budget 22
31 May

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

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

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

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Easy money approach has served us well: RBI
29 May

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

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Pay dues or be declared insolvent: Supreme Court to SpiceJet
29 May

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

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

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

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Gold jewellery demand nearly doubles in 2021
29 May

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

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

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

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US GDP grows 5.7% in 2021, fastest since 1984
28 May

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

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ArcelorMittal set to invest Rs 1.7 lakh crore in Gujarat
28 May

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

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Generali to own majority stakes in both Indian subsidiaries cum JVs
28 May

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

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Bollywood celebs found violating ad norms: ASCI
28 May

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

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

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

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Tata regain control of airline after 69 years
28 May

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

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Future Retail moves Supreme Court on lenders’ insolvency notice
27 May

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

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

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

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After 5-day losing streak, sensex sees bounce back
27 May

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

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IPO-bound Oyo gets NSE and BSE approvals for listing
27 May

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

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Maruti third quarter profit halves on supply problems, costly inputs
27 May

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

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

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

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

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

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Bitcoin sinks to six-month low to $33863
25 May

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

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

Ola Electric said it has raise over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and other ...

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Swiggy raises $700mn at valuation of $11bn
25 May

Food delivery giant Swiggy is the new entrant to the decacorn club after raising $700mn in a fresh round of funding led by Invesco. The round also saw ...

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Capital gains tax on ULIP income part of last Budget
25 May

Tax department sources said the government has not imposed any new tax on unit-linked insurance plans (ULIPs) but has merely implemented last year’s B ...

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India competes with China & Vietnam in electronics mfg; aims $300 bn production by FY26
25 May

India's counter-attack on China and Vietnam in manufacturing of electronics is set to get additional fire-power. On target is $300 billion in out ...

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Amazon asks Future Retail to give financial details to PE firm
24 May

Amazon has asked Future Retail (FRL) to provide financial details to Samara Capital for expedited due diligence, as it wants the private equity player ...

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Indians placed record bets on US stocks in 2021
24 May

Year 2021 could well be when Indian retail investors truly came of age as they ventured into Wall Street in record numbers, besides getting active on ...

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CII asks state govts to lift Covid curbs
24 May

Industry body CII has suggested that state governments should lift restrictions on economic activity, given that the occupancy rate of hospital beds d ...

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HDFC Cap raises $1.9 billion for affordable housing
24 May

HDFC Capital has mobilised $1.9 billion for investment in real estate sector through the close of its third fund focused on affordable housing — the l ...

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PSU bad bank, reforms for asset rejig Cos hang fire
24 May

Banks have come out of the bad loan mess through provisions made from profits and new capital. However, the deadweight of these old accounts continues ...

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Startups bought back ESOPs worth over $400mn last year
24 May

Over $400 million worth of ESOPs were bought back by Indian startups in 2021, according to a report on startups by Nasscom and consultancy firm Zinnov ...

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RIL posts 38% higher profit in Q3 at Rs 20,539cr
22 May

Reliance Industries (RIL), India’s largest listed company, reported a 38% rise in quarterly profit on Friday on the back of a one-off gain from the sa ...

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5G won’t be threat to aircraft in India: TRAI
22 May

The assurance comes at a time when there are growing concerns over the safety of aircraft flying in the US over fears of interference with navigation ...

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Future Retail's independent directors seek Rs 3,500cr loan from Amazon
22 May

The independent directors of Future Retail Ltd (FRL) have sought ₹3,500 crore from Amazon as long-term loan since the US company had objected to the s ...

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Govt taking significant steps to boost startups
22 May

Commerce and Industries Minister said the government is taking significant steps such as resolving the angel tax issue, simplification of tax procedur ...

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Voda Idea Q3 loss widens to ₹7,231cr, ARPU at ₹115
22 May

Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,231 crore for the quarter ended December 2021. ...

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India seeks patent waiver for vax, medicines at WTO
22 May

India on Friday called for patent waiver for vaccines, drugs and devices at the World Trade Organization (WTO) and warned that countries, especially t ...

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Insurers seek more tax discount to up coverage
21 May

Insurers are rooting for income tax sops for individuals in the upcoming Budget to boost insurance penetration in the country. The move comes at a tim ...

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CII proposes higher CSR levy to fund booster doses
21 May

Industry body CII has proposed an increase in the corporate social responsibility (CSR) levy by one percentage point from the current 2% to provide bo ...

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Adani vehicles? Co gets approval for trademark
21 May

After planning a foray into the metal business, Gautam Adani, India’s second-richest particular person and head of the eponymous Adani Group, seems to ...

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NCLAT stays insolvency proceedings against HCL
21 May

In a major relief to IT firm HCL Technologies, the National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings initiated aga ...

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LIC IPO to boost transparency, governance
21 May

The itemizing of Life Insurance coverage Company (LIC) and different government-owned non-life firms will result in reforms by way of higher concentra ...

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HUL Q3 net up 17% at ₹2,243cr amid inflation
21 May

Hindustan Unilever (HUL) has reported a 17% growth in standalone profit after tax at Rs 2,243 crore during the third quarter ended December 31, 2021, ...

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NSE top in derivatives globally
20 May

For the third consecutive year, India's leading exchange NSE has been ranked as the world's top derivatives trading platform, ahead of global giants l ...

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Finance ministry asks ministries to restrict expenses within prescribed limit
20 May

In a bid to maintain fiscal deficit within the targeted limit, the finance ministry has asked ministries and departments to restrict their expenses wi ...

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Jio pays DoT Rs 31,000 crore dues for spectrum
20 May

Telecom major Reliance Jio on Wednesday said it has paid Rs 30,791 crore, including accrued interest, to the department of telecom (DoT) to clear paym ...

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Fix glitches in ITR and TAR or court will push ITR deadline: HC
20 May

The Gujarat high court has asked CBDT to fix the technical glitches taxpayers are facing, while filing tax audit report (TAR) and income tax returns ( ...

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Highways ministry forms panel to examine court orders
20 May

The highways ministry has constituted a committee to examine all arbitral awards or court orders where the settlement amount is more than Rs 100 crore ...

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Hero Electric’s Naveen Munjal partners M&M
20 May

At a time when he fights a legal battle with uncle Pawan Munjal to prevent the use of Hero brand for electric vehicles, Naveen Munjal – MD of Hero Ele ...

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Omicron curbs by states may have hurt mobility in country
19 May

The curbs imposed by various states seem to have hurt mobility across the country, with data showing a sharp impact on movement to workplaces. But eco ...

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Delhivery and 2 Chennai companies get permission from SEBI for listing
19 May

The number of companies in India looking to go public is set to increase. New age logistics player Delhivery, along with two Chennai-based companies - ...

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Microsoft to buy Activision Blizzard (Gaming co.) for $69b
19 May

Microsoft Corp said on Tuesday it would buy "Call of Duty" videogame maker Activision Blizzard for $68.7 billion in cash, the largest deal in the sect ...

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State govts’ borrowing costs surge as yields rise
19 May

State governments are paying a stiff price for their borrowings as yields move up in the money markets. The state governments have seen their borrowin ...

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TCS bags title sponsorship of Toronto Marathon
19 May

After acquiring the IPL T20 cricket tournament title rights for this season and the next, the Tata Group has bagged the headline sponsorship of the To ...

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Reliance Retail acquires 54% in robot company Addverb for $132 million
19 May

Reliance Retail has picked up a 54% stake in robotics company Addverb Technologies for $132 million, with the former becoming the largest shareholder. ...

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German ink major Siegwerk to consolidate India business
19 May

German printing ink major Siegwerk is upbeat on India and plans to further expand its facility to cater to the growing market.
In India, the compan ...

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Govt extends SCI bid deadline indefinitely
18 May

The government has extended indefinitely the cut-off date for submission of bids for its stake in Shipping Corporation , according to multiple people ...

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Third wave reverses business resumption gains
18 May

A Japanese brokerage said the fast-spreading third wave of COVID-19 has undone the gains achieved due to resumption of business since the end of the l ...

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Jio tells TRAI spectrum auction for space services gaining ground globally
18 May

Reliance Jio has told the telecom regulator that auctioning spectrum for broadband services from space is rapidly gaining traction around the world, w ...

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Toyota readies for enhancing its capacity in 2022
18 May

World’s largest Toyota Car maker The company, which overtook General Motors in North America for the first time in 2021, is embarking on a new chapter ...

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Centre may stick to fiscal goals despite higher capital expenditure plan
18 May

The Centre is likely to continue with its fiscal consolidation plans in the 2022-23 Budget, despite lower than estimated receipts from privatisation o ...

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SEBI to introduce alternative dispute resolution mechanism
18 May

After empowering investors through charters for them, markets regulator SEBI said on Monday that it is looking at introducing an alternative dispute r ...

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Banks want tax discount for 3-year FDs
17 May

head of the Budget, the Indian Banks' Association (IBA) has made a fresh pitch for reducing the lock-in period for fixed deposits (FDs) to be eligible ...

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Financial technology Cos. must prepare for more compliance
17 May

The chief of the National Payments Corporation of India (NPCI) has said that fintechs would need to keep aside money and management bandwidth for regu ...

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Most restructured loans on track: HDFC Bank
17 May

HDFC Bank, which reported a record net profit of Rs 10,342 crore for the quarter ended December 2021, has said that most borrowers who availed Covid r ...

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Banks’ e-business ambitions may face limited availability of professionals
17 May

Banks are set to face a serious problem to find talent to meet their digital ambitions. While banks have the assets to spend money on know-how and are ...

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After Bengal & Telangana, Maharashtra invites Tesla
17 May

Even as negotiations between Tesla, the US electric car manufacturer, and the Central government seem to be stretching, a Maharashtra minister has ext ...

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Indians (90 nos.) top list of US unicorns' immigrant founders
17 May

Indians are creating unicorns not just in India, they are doing it in the US too.A study by Ilya A Strebulaev, professor of finance at Stanford Univer ...

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Aditya Birla Co. to buy 51% stake in Masaba brand
15 May

Aditya Birla Fashion and Retail (ABFRL) is poised to acquire a 51 per cent stake in House of Masaba Lifestyle promoted by leading designer Masaba Gupt ...

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Covid spike gives rise to absenteeism again
15 May

Hit by the third Covid wave, organisations are once again grappling with absenteeism from work.Covid leaves are being used by employees, and organisat ...

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RIL, Hyundai, L&T bid for Rs 18,100cr PLI in batteries
15 May

Several top companies including Reliance, South Korea's Hyundai, TVS, L&T, Exide, Mahindra, Amara Raja Group have sent in their bids under the pro ...

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WPI inflation eases to 13.56% in December
15 May


The wholesale price-based inflation (WPI) across the country moderated to 13.56 per cent in December 2021 driven by a dip in the prices of fuel it ...

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RBI may tweak norms for valuing bank investments
15 May

In an overhaul of the norms governing the valuation of investments made by a bank, the Reserve Bank of India (RBI) has proposed a new category for cla ...

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Adani enters steel business with $5 billion Posco pact
15 May

Billionaire industrialist Gautam Adani’s infrastructure conglomerate and South Korea’s Posco have inked a $5-billion (nearly Rs 37,000-crore) pact for ...

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Infosys beats TCS, Wipro in third-quarter results
13 May

India’s three biggest IT companies all announced their third quarter financial results on Wednesday, and all had solid double-digit year-on-year reven ...

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Retail inflation jumps to a five-month high in December
13 May

December retail inflation jumps to five-month highs against the backdrop of rising food, beverage, clothing, footwear, fuel and light prices, and poli ...

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At Rs 18,000cr, TCS unveils largest stock buyback ever
13 May

Tata Consultancy Services (TCS) announced a mega stock repurchase proposal on Wednesday to reward shareholders. The move is supported by higher profit ...

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IT attrition soars, but so does hiring
13 May

TCS, Infosys and Wipro together made a net addition of 50,994 employees in the December quarter, compared to 42,829 in the September quarter. TCS adde ...

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Free trade pact with UAE nearing conclusion
13 May

Commerce and Industry Minister said a free trade agreement with the UAE is nearing to conclusion, and negotiations for the proposed pact with Australi ...

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Cards, e-banking plaints still dominate grievances
13 May

Complaints associated to debit playing cards, cell/digital banking and bank cards continued to be the highest three classes of shoppers grievances in ...

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Link curbs to hospitalisation rate
12 May

Amid rising instances of Omicron, business our bodies have petitioned the federal government that native restrictions needs to be linked to hospitalis ...

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SC reserves verdict on future course of Future retail-Amazon fight
12 May

The Supreme Court on Tuesday reserved orders on the future course of the multi-layered litigations between Biyani group's Future  Retail Coupons ...

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Digital technology is a powerful deflationary tool
12 May

Microsoft CEO has mentioned that digital expertise is a robust deflationary pressure in an inflationary economic system as a result of of the big will ...

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India can tap new opportunities in chip design
12 May

Minister of State for Electronics and IT said india can tap new opportunities in areas like semiconductor design, electronic systems design and electr ...

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Govt extends FY21 ITR filing deadline for corporates
12 May

The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021.The deadline t ...

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Govt set to become largest shareholder in Vodafone Idea
12 May

The Centre is set to receive ownership in two private telecom companies – the debt- laden Vodafone Idea and Tata group’s Tata Teleservices (TTL) – in ...

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Co. listing directly overseas may get capital gains tax exemption
11 May

Ahead of the budget, the government is looking at providing capital gains exemption to shares of Indian companies that are listed directly on overseas ...

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Insurers Can’t Reject Cocktail Covid Therapy
11 May

The Insurance Regulatory and Development Authority of India (Irdai) has asked companies not to reject Covid claims for antibody cocktail therapy by te ...

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Bond yields at pre-Covid high, beat home loan rates
11 May

Bonds fell to a pre-pandemic low on Monday even as the sensex surged over 1% to close 651 points higher and the rupee gained 27 paise. The cost of bor ...

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Budget’s highways allocation may jump by 35% for 2022-23
11 May

Finance minister Nirmala Sitharaman might increase the budgetary allocation for the highways sector by 35% to Rs 1. 8 lakh crore in 2022-23 as she ale ...

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Binani heir moves HC over SFIO’s summons
11 May

Binani Cements (BCL), has moved the Bombay high court to challenge summons issued to her by the Serious Fraud Investigation Office (SFIO). The HC gave ...

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Adani Power files contempt plea in SC against 3 Raj power distribution Cos.
11 May

Adani Power has filed a contempt petition in the Supreme Court against three Rajasthan government discoms (power distribution companies) for failing t ...

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Bank frauds of over Rs 3 crore will need panel nod for CBI probe
10 May

The Central Vigilance Commission (CVC) has amended rules to mandate that all bank fraud cases of over Rs 3 crore will be referred to an expert panel t ...

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Amazon challenges CCI order at NCLAT, moves SC to quash HC order
10 May

US e-tailer Amazon has stepped up its authorized battle with Kishore Biyani’s Future Retail Group, challenging a Competition Commission of India (CCI) ...

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Omicron effect: IndiGo to cut 20% of its flights
10 May

IndiGo on Sunday said it would withdraw 20% of its flights as the surge in COVID-19 cases had hit travel demand.The airline will also offer free chang ...

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Adani Power drops Rs 11k crore claim to settle PPA dispute
10 May

Adani Power has waived compensation claim for an estimated Rs 11,000 crore to attain an out-of-court docket settlement with Gujarat Urja Vikas Nigam ( ...

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Govt says, looking at direct overseas listing demands
10 May

Ahead of this week’s interactions of startups with key policymakers, including the PM, the government on Sunday said that it is looking at demands for ...

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Mango exports expected to surge after 2-year gap
10 May

After a gap of two years, the export of mangoes and by-products is predicted to see a spurt after India and the US agreed to simplify the principles, ...

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TCS to take up its 4th share buyback proposal on January 12
08 May

Tata Consultancy Providers (TCS), India’s second-largest listed firm, stated on Friday that it plans to repurchase its inventory. Its board, led by ch ...

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PSBs seek easier norms for MSME loan recast
08 May

State-run banks - including those coming out of RBI's prompt corrective action framework - on Friday told finance minister Nirmala Sitharaman that the ...

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Government will go ahead with IPO of LIC in current fiscal
08 May

Finance minister Nirmala Sitharaman on Friday made it clear that the federal government will go forward with the mega public difficulty of Life Insura ...

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The advance estimates of GDP released by NSO will cheer the Govt.
08 May

The advance estimates of GDP released by the National Statistical Office (NSO) on Friday will cheer the government on two fronts. Not only it is highe ...

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India to overtake Japan as Asia’s 2nd largest economy by 2030
08 May

IHS Markit said india is likely to overtake Japan as Asia’s second-largest economy by 2030 when its GDP is also projected to surpass that of Germany a ...

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Restaurant eye revenue sharing model
08 May

Friday’s restaurants and fast-food chains wrote to mall owners and landlords, urging them to pivot to a pure revenue-sharing model in light of the sur ...

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Government to amend FDI policy to boost LIC public offer
07 May

The government is set to amend the foreign direct investment policy to facilitate the mega public issue of Life Insurance Corporation of India (LIC), ...

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Banks can count more of small business deposits as stable
07 May

In a move that will make it easier for smaller banks to comply with Reserve Bank of India’s (RBI’s) prudential norms, the central bank has allowed len ...

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Reliance Retail acquires 26% in Dunzo for $200 million
07 May

Dunzo, which pioneered in India the idea of delivering virtually something to anybody inside a metropolis, has raised $240 million in a funding spheri ...

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Loan guarantee scheme saved 13.5 lakh MSMEs, 1.5 crore jobs
07 May

The State Bank of India reported the Emergency Credit Line Guarantee Scheme (ECLGS) has helped save almost 13.5 lakh units and 1.5 crore jobs in the m ...

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RIL’s $4 billion foreign currency bonds issue is India’s biggest
07 May

Reliance Industries (RIL) has raised $4 billion in the biggest foreign currency bond sale by an Indian corporate. It raised $1.5 billion in a 10-year ...

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The Future Retail may seek NCLT’s nod for a shareholder meeting
07 May

Future Retail Group may approach the National Corporate Court (NCLT) to seek approval for a shareholders’ meeting after the Delhi High Court on Wednes ...

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NCLAT sets aside Videocon’s sale to Vedanta Co. Twinstar
06 May


The National Company Law Appellate Tribunal (NCLAT) has set aside an order by the Mumbai bench of the National Company Law Tribunal (NCLT) approvi ...

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Delhi HC Stays Amazon-Future’s Retail S’pore Arbitration
06 May

Keeping in mind some of the findings of the Competition Commission of India (CCI) on the Amazon, the Delhi High Court on Wednesday continued future ar ...

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Brookfield leads the race to acquire IL&FS headquarters
06 May

Brookfield Asset Management IL&FS has emerged as the front-runner to acquire the coveted 4.5 lakh sq ft headquarter at Bandra Kurla Complex in Mum ...

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3rd Wave Casts Shadow On Govt’s Selloff Plan
06 May

The government’s privatisation plan again faces roadblocks with the latest curbs to prevent the spread of the new Covid variant likely to slow down th ...

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RBI Allows Fintechs To Access Credit Bureaus
06 May

The RBI has widened the access to credit information bureaus enabling fintech companies to register as users.In November 2021, the RBI through a gazet ...

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Banks Restrict Staff Attendance
06 May

Banks are drawing up preventive measures to cope with the third wave of Covid. This comes shut on the heels of the Central authorities curbing workpla ...

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Reliance, Jio to take large borrowings for advantage of low interest rates
05 May

With indicators of hardening interest rates in home and worldwide markets, Mukesh Ambani’s Reliance Industries (RIL) is elevating funds at a number of ...

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Setback for Future Retail as Delhi HC rejects pleas to quash Amazon arbitration
05 May

The Delhi High Court on Tuesday dismissed Future Group’s petitions seeking a direction to the Singapore International Arbitration Centre (SIAC) -- adj ...

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Hero Electric Takes Hero Moto To Court Over Brand
05 May

Just over a decade after the different factions of the Munjal family hammered out a settlement of its various businesses, growing interest in electric ...

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Flipkart posts strong revenue growth in FY21 on Covid push
05 May

Flipkart Internet, the Walmart-backed e-commerce company's marketplace arm, reported a 32% jump in revenues for the financial year 2020-21 on the back ...

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Starlink India chief quits as Company refunds pre-booking amount
05 May

The newly-appointed country director and chairman of the India board of Elon Musk‘s Starlink satellite internet venture, has suddenly resigned, amid a ...

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SBI invests Rs 150 cr. in card machine Co. Pine Labs
05 May

SBI has invested Rs 150 crore ($20 million) in merchant commerce platform Pine Labs. The deal valued Pine Labs significantly higher than $3 billion — ...

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Manufacturing Activity Remains Robust In December On New Orders
04 May

Manufacturing activity in the country remained robust in December on the back of new orders despite moderating from the 10-month high outcome in Novem ...

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LIC Looks To File For IPO By Jan 3rd Week
04 May

In one of its interactions with global investors in the run-up to its record-setting initial public offering (IPO), top LIC officials have indicated t ...

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Health covers must include Omicron costs
04 May

The insurance coverage regulator has mentioned that each one indemnity-based medical health insurance merchandise that cowl therapy prices of hospital ...

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Cryptocurrency draws young investors despite risks
04 May

If you had invested Rs 1 lakh in bitcoin a year ago, it would have now been worth almost Rs 1.7 lakh, despite a nearly 30% fall from its all-time high ...

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Future Retail goes to HC on Singapore arbitration
04 May

Kishore Biyani’s Future Retail (FRL) has filed a writ petition before the Delhi high court, seeking to quash the Singapore arbitration proceedings, wh ...

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Exports rose 37% to $37.29 billion In December 2021
04 May

India's exports in December 2021 rose 37 per cent on an annual basis to $37.29 billion, according to government data, with Commerce minister Piyush Go ...

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LIC’s IPO pricing may be less than Reliance, TCS and TOI
03 May

The IPO of LIC is believed to be the most valuable company in the country. But the government can evaluate it at a much lower cost than expected. Its ...

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India appeals against WTO panel ruling on sugar export subsidies
03 May

India has appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel which ruled that the country's domestic sup ...

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Audi India sales double in 2021 after 3-years' decline
03 May

German luxurious maker Audi snapped a three-year dropping streak in India and made a turnaround with a 100% progress in gross sales in 2021 the place ...

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Tax Sops Likely To Make India Aerosports Hub
03 May

Aerosport enthusiasts in India may soon not have to go abroad for skydiving and other related activities. The Jyotiraditya Scindia-led Union aviation ...

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RBL Bank’s deposits fall 2.6% QoQ by end-December
03 May

RBL Bank said that its deposits as of end-December 2021 stood at Rs 73,637 crore, a 2.58% decline over its deposit base of Rs 75,588 crore at end of S ...

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NTPC eyes 5% equity in power Exchange
03 May

State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity tradin ...

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Govt to speed up asset monetisation drive to meet budget target
25 May

The Centre’s apex think tank Niti Aayog has reportedly asked ministries to expedite the government’s asset monetisation programme to meet the current ...

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RBI says Financial Inclusion to help in price stability
25 May

As financial inclusion rises further in India, the incidence of disruptions in consumption are likely to wane, allowing monetary policy to remain focu ...

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Power demand rises 10% in April-Nov but coal matches demand
25 May

India’s power demand, a key indicator of economic growth, jumped more than 10% in the April-November period of the current financial year, indicating ...

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Funding to deep tech Startups doubles in 2021
25 May

Despite a year marked by a funding frenzy for consumer tech ventures, deep tech startups managed to hold their ground and attracted more than double t ...

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India UAE trade deal to be signed by PM in Jan 2022
25 May

Aimed at ramping up India's economic ties with the UAE in a post-COVID world, the pact is being pushed by both nations. Negotiations are underway at a ...

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NCLT extends lenders’ vote on Adani bid for reality co.
25 May

The National Company Law Tribunal (NCLT) Mumbai on Friday directed the resolution professional of Radius Estates and Developers to extend the period f ...

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Vedanta to infuse Rs. 60000 Crores into semiconductors
24 May

Days after the government announced a mega stimulus package to bring semiconductor investments into the country, Anil Agarwal’s Vedanta Group has said ...

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Govt to offer upto 50% of project cost to COs for setting up Chip plant
24 May

 Following the announcement of the Rs 76,000-crore incentive scheme forsemiconductors, the government has issued the detailed guidelines around i ...

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Card tokenization last date deferred by 6 months
24 May

The Reserve Bank of India (RBI) on Thursday extended the deadline to comply with new card storage rules by another six months to June 2022, following ...

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FIEO aims at $460-475 billion exports during next fiscal year
24 May

The Federation of Indian Export Organisations (FIEO) on Thursday said taking a conservative approach, it will aim for $460-475 billion exports in the ...

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Govt gets bids for Neelachal Ispat selloff
24 May

The Centre has received financial bids for privatisation of state-owned Odisha-based steel company Neelachal Ispat Nigam (NINL) and the process has mo ...

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Flex fuel vehicles in next 6 months
24 May

Union minister for road transport and highways Nitin Gadkari on Thursday has said that the government has issued an advisory to carmakers to introduce ...

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Zee and Sony sign their merger deal
23 May

Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI) finalised a deal on Wednesday to merge their television channels, ...

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RBI governor says growth still needs policy support
23 May

Reserve Bank of India (RBI) Governor Shaktikanta Das said continued policy support is warranted for a durable, broad-based and self-sustaining rebound ...

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SEBI says appropriate Pricing vital for IPOs
23 May

Sebi chairman Ajay Tyagi on Wednesday cautioned merchant bankers that they have an important role to maintain market integrity. He said that the regul ...

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Industry group seek rationalisation of Income Tax slabs
23 May

Rationalisation of income tax slabs, infrastructure status for digital services and incentives to hydrogen storage as well as fuel cell development we ...

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Amazon takes ED to HC over staff ‘harassment’
23 May

Amazon Wholesale (India) Private Limited, and Amazon Seller Services Private Limited have preferred a writ petition in Delhi High Court challenging th ...

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Insurers to increase Term Policy rates for second time in FY 2022
23 May

Top private life insurers are revising term insurance rates by the fourth quarter. According to industry officials, reinsurers have taken a tough stan ...

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Axis Bank frontrunner in buying Citibank’s Indian Retail and card operations
21 May

Citigroup had in April announced its decision to exit its consumer banking operations in IndiaPrivate sector lender Axis Bank is leading the race for ...

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Rs. 5.5 lakh cr. were realised from the defaulting borrowers
21 May

FM informed to lok sabha that lenders have managed to recover close to Rs. 5.5 lakh crore from errant borrowers during the last seven years. It inclus ...

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Center’s oil tax collection rises by 36% on excise duty increase
21 May

The Centre’s tax collection from the oil sector grew by 36% in 2020-21 to over Rs 4.5 lakh crore from Rs 3.3 lakh crore in 2019-20, buoyed by the last ...

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Reliance Company picks up 60% in Anamika Khanna label
21 May

Adding to its portfolio of Indian designer brands, Reliance Brands has picked up a 60% stake in couturier Anamika Khanna’s brand AK-OK. The deal does ...

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BSR resigns as auditor of Medi Assist Insurance
21 May

BSR & Co, sub-licensee of KPMG in India, has resigned from the position of auditor to Medi Assist Insurance TPA. According to the sources, th ...

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NIBRI high but Omicron and inflation are risk factors for revival
21 May

The Nomura India Business Resumption Index rose to a record high of 117.8 for the week ended December 19 from 116.6 in the prior week. The Japanese fi ...

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Power ministry asks SBI to be stricter with lending to discoms
17 May

The power ministry has requested State Bank of India (SBI) to tighten lending norms for distribution corporations (discoms) as their continued borrowi ...

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About 3.6 cr. I-T returns filed so far on tax portal
17 May

Nearly 3.6 crore income tax returns have been filed so far, with the I-T department urging taxpayers to make their annual filings at the earliest to a ...

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Center leaves out 4 key proposals from draft power reforms bill
17 May

The government has dropped four key proposals in the draft bill to amend the Electricity Act of 2003 that aimed for far-reaching reforms to improve tr ...

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Appx. 76000 cr. Chip package to recreate Indian Brands
17 May

There was a time when computers meant HCL, Wipro, Zenith. Television means BPL, Onida, Weston, Dyanora, Beltek. In mobile phones, Indian brands such a ...

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UK first G7 economy to increase rates since pandemic
17 May

Britain became the first G7 economy to hike interest rates since the onset of the pandemic on Thursday, with the U.S. Federal Reserve also signalling ...

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SBI raises base rate by 10 BPS
17 May

The country’s largest lender – State Bank of India, has increased the base rate and prime lending rate by 10 basis points each, indicating the end of ...

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Flex fuel vehicles in next 6 months
17 May

Union minister for road transport and highways Nitin Gadkari on Thursday has said that the government has issued an advisory to carmakers to introduce ...

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Renewable power companies’ dues surge 47% to Rs 21k cr in 1 year
15 May

Overdues of renewable power producers have swelled 47% to Rs 21,008 crore in December from Rs 14,259 crore a year ago because of continued payment def ...

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Weak NBFCs set to face corrective action
15 May

In a move that will bring regulation of non-banking finance companies (NBFCs) closer to that of banks, the Reserve Bank of India (RBI) has said that i ...

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Aditya Birla Fashion and Retail to take over Reebok's operations in India
15 May

Aditya Birla Group’s fashion retail division Aditya Birla Fashion and Retail (ABFRL) has signed a long-term licensing agreement with US-based brand ma ...

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PSUs with high liabilities may face IBC-based closure
15 May

The government has unveiled a new public sector companies’ policy for nonstrategic sectors so that the department of public enterprises (DPE) can driv ...

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SC says NCLT has no authority to ask creditors to settle with defaulter
15 May

In an important verdict concerning the Insolvency and Bankruptcy Code (IBC), the Supreme Court on Tuesday ruled that the National Company Law Tribunal ...

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WPI inflation hits record high of 14.23%, raises retail inflation fears
15 May

Higher food and fuel prices pushed the wholesale price inflation (WPI) rate to a record high in November, raising fears that this may translate into e ...

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No. of new small savings a/cs shrinks, demat spikes in 3 yrs
14 May

It may be an early trend, but it points to changing investment behaviour in the country.The government on Thursday presented two sets of numbers in Pa ...

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Shriram Group to merge all finance business
14 May

Shriram group has announced a consolidation exercise that will create India’s largest retail financing NBFC. The Chennai-headquartered group said on M ...

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Investment advisers must show charter, complaints data
14 May

Sebi on Monday asked investment advisers and research analysts to disclose the investor charter as well as data pertaining to complaints received on t ...

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Retail inflation up at 4.9% in Nov on oil, fuel prices
14 May

Retail inflation picked up pace in November to reach 4.9% compared with 4.5% in the previous month, driven by edible oil and fuel prices, which also i ...

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Policybazaar to buy Myloancare
14 May

PB Fintech, which operates Policybazaar, said on Monday that the company’s board has cleared a proposal to acquire up to 70.1% stake in Myloancare. Th ...

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Banks, e-tailers struggle to comply with RBI’s card data storage norms
14 May

E-commerce merchants and banks are racing against time to implement the Reserve Bank of India’s mandate on card storage norms. Some e-commerce merchan ...

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RIL, Welspun among bidders for bankrupt textile co Sintex
13 May

Four leading textile players — Mukesh Ambani’s Reliance Industries, B K Goenka’s Welspun, Sanjay Dalmia’s GHCL and Dinesh Kumar Himatsingka’s Himatsin ...

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PSB capital infusion is unlikely in next Budget
13 May

The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget, as their financial health has improved ...

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PM says that deposit cover hike to make banking system more secure
13 May

Prime Minister Narendra Modi on Sunday said that the government’s move to increase the deposit insurance limit to Rs 5 lakh will not just provide safe ...

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High returns associated with higher risks: Shaktikanta Das
13 May

Reserve Bank of India (RBI) governor Shaktikanta Das on Sunday cautioned depositors against chasing high returns, advising them to factor in prospect ...

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90% of rural India’s e-comm orders paid in cash
13 May

Cash is king even when it comes to payments for online shopping in India, especially among e-commerce customers in the country’s hinterlands.In 2020, ...

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Watsa’s Fairfax keen to hold on to stake in CSB
13 May

Promoters of CSB Bank, the Fairfax Group owned by Canadian billionaire Prem Watsa, would like to hold onto their 51% stake in the bank for as long as ...

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Factory output growth slows in Oct as manufacturing moderates
11 May

Industrial output growth slowed down to 3.2% in October due to a sharp moderation in manufacturing activity, raising concerns that the economic reviva ...

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Govt rejects steel companies’ offer to lower prices
11 May

The government has rejected the steel industry’s proposal to lower prices on several products by Rs 1,500 a tonne for small businesses and exporters a ...

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Car sales dip 19% in Nov on chip shortages
11 May

Chip shortages continue to disrupt the supplies of the car industry. Wholesale deliveries to dealerships declined 19% in November as the shortage of s ...

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Google puts off Play Store policy by 6 months to Oct
11 May

Google has further deferred the deadline for developers in India to integrate with Google Play’s billing system. It will now become effective October ...

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Zomato's funding of Shiprocket generates controversy
11 May

E-commerce logistics company Shiprocket on Friday announced a $185 million funding round co-led by Zomato, Temasek and Lightrock India. But the develo ...

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Razorpay’s total payment volume rises 300% in ’21
11 May

Fintech firm Razorpay said the total payment volume (TPV) through its platform rose over 300% to $60 billion in 2021. The final figure is also 20% mor ...

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Niti Aayog says that Govt shouldn't rush to control fiscal deficit
10 May

Niti Aayog has suggested that the government should not rush to lower fiscal deficit during the next financial year as stepping up capital expenditure ...

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Flexible sop, safety net for staff, gig workers of HUL
10 May

In what could set a trend among large corporates in India, Hindustan Unilever (HUL) has introduced employment models that challenge traditional employ ...

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Record Rs 11,005cr mutual fund SIP inflows in Nov
10 May

Monthly inflows through the systematic investment plan (SIP) route reached a new high in November to over Rs 11,000 crore as retail investors continue ...

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Steel cos may give discounts to small biz
10 May

Steel makers on Thursday indicated that they may offer a discount to small businesses, which are reeling under the burden of rising commodity prices. ...

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Output up, no coal shortage after Dec: CIL
10 May

No coal shortage is expected after December as Coal India (CIL) has increased production “substantially” and operationalised some captive mines, the s ...

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Ikea sees India online sales more than double in two years
10 May

Homeware, textiles, and furniture retailer Ikea has seen its online sales in India more than double in the past two years. Online sales also increased ...

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Union Cabinet approves extension of PMAY-G for another 3 years
09 May

The union cabinet has approved the extension of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) beyond March 2021 till March 2024 to achieve the tot ...

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CII pleads for replacing bank guarantees with surety bonds in infra sector
09 May

Industry body CII has urged the government to consider replacing bank guarantees with surety bonds in the infrastructure sector and also develop the m ...

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RBI keeps rates unchanged, to drain another Rs 1.5L crore
09 May

The Reserve Bank of India (RBI) on Wednesday announced a road map to reduce some of the Rs 9-lakh-crore-plus surplus liquidity which it had infused la ...

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RBI to review e-payment fees to provide level playing field
09 May

The RBI is proposing to review charges on payment transactions. Industry players said that the move would level the playing field in digital payments. ...

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RBI pushes for UPI E-wallet for small transactions, feature phone payments
09 May

The RBI’s big push for Unified Payments Interface (UPI) has the potential to take transactions on the platform to 100 crores a day, according to Natio ...

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Mahindra & Mahindra, Jio-Bharat Petroleum tie up for EV charging services
09 May

Mahindra Group and Jio-BP, a joint venture between Reliance Industries and BP, have teamed up to explore creation of electric vehicle (EV) products an ...

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RBI says banks can’t put bad loan recovery in income
08 May

The Reserve Bank of India (RBI) has asked banks to stop including writebacks from recoveries of written-off bad loans as part of their income. From th ...

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Used car company Spinny is year’s 42nd unicorn, gets $283 mn
08 May

Used car retail platform Spinny has become the latest unicorn in the red hot used car segment with a series E round of $283 million funding by the lik ...

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Hyundai to invest ₹4,000 cr to plan 6 EVs by 2028
08 May

Hyundai Motor India plans to invest about ₹4,000 crore for research and development over the next seven years as it looks to roll out six new electric ...

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Reliance Cap’s default to Yes Bank triggered insolvency process
08 May

The RBI has cited Reliance Capital’s default to Yes Bank in respect of dues amounting to Rs 1,417 crore as a key default while initiating insolvency p ...

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Hiring slows in Nov after pre-festive season rush
08 May

Hiring activity paused in November with active job opening staying flat on a month-on-month basis. However, vacancies were up nearly 30% year-on-year. ...

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1.8% of total Rs 2,000 banknotes are in circulation
08 May

The number of Rs 2,000 currency notes in circulation has decreased to 223.3 crore pieces or 1.75 per cent of total notes in circulation (NIC) in Novem ...

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Parliamentary panel recommended for more subsidy & GST cut on EV
07 May

A Parliamentary committee has recommended to the government to increase the subsidy on buying of private electric 3- and 4-wheelers as has been done f ...

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IndiGo promoters may end long-running dispute
07 May

Faced with the prospect of real competition in Indian skies next year when Tatas start running Air India, IndiGo parent company InterGlobe Aviation ma ...

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High frequency indicators point to robust economy recovery
07 May

Most of the high frequency economic indicators in India have surpassed the pre-pandemic levels, barring three - steel consumption, air traffic and dom ...

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Irdai questions price hikes by reinsurers
07 May

Concerned over pricing pressures in life and non-life products in the wake of Covid, the Insurance Regulatory and Development Authority of India (Irda ...

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Rising costs of inputs to push up truck, bus rates
07 May

After cars and SUVs, now trucks and buses will cost 2-2.5% more from January as manufacturers cite a sharp rise in raw material costs, particularly st ...

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Govt set on LIC IPO in Q4 despite market woes
07 May

The government is moving ahead with its plans to list Life Insurance Corporation (LIC) during the current fiscal despite uncertainties in the wake of ...

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RBI expected to hold repo, may hike reverse repo rate
06 May

The Reserve Bank of India (RBI) is likely to hold its repo rate (currently 4%) in the forthcoming monetary policy on December 8. However, attention ha ...

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Employees chose family over salary in pandemic times
06 May

A senior executive in a plum posting at a large organisation in Mumbai wanted to relocate to Bengaluru to be with her family, but her application was ...

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Omicron may influence rates of term insurance
06 May

The discovery of the new Omicron variant of the coronavirus has delayed stability in the term insurance market. Insurers, who are raising their prices ...

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SBI invites bids to sell NPA account of KSK Mahanadi Power
06 May

SBI has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with tot ...

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Sale bids start for MTNL’s Mumbai, Delhi properties
06 May

The government has kick-started the process of selling 20 properties of state-owned MTNL in Mumbai, apart from seeking bids for a 1.4-acre residential ...

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With eye on jobs, govt looks to boost startup ecosystem
06 May

With government-registered startups reaching 630 districts and their number adding to 56,000, and counting, the Centre has begun looking at ways to bo ...

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November services activity’s rise second fastest in a decade
04 May

Activity in the country’s crucial services sector rose at its second-fastest pace in over a decade in November on the back of new orders but price pre ...

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FM says need global action on payment systems
04 May

Finance Minister Nirmala Sitharaman Friday said technology does not respect physical borders and there is a need for global action in developing regul ...

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Dominance of PhonePe and GPay wake-up call for banks
04 May

Veteran banker Uday Kotak on Friday raised several concerns over the domination of Google Pe and Phone Pe in the payments business. He said that while ...

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HC stays DRT orders due to headless appellate body
04 May

The Bombay high court on Thursday directed staying Debt Recovery Tribunal (DRT) orders till January 4 next year if litigants deposit 25% of the debt b ...

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Gita Gopinath to be IMF’s first Dy. MD
04 May

Gita Gopinath, a US national of Indian origin, has been appointed the first deputy managing director of the International Monetary Fund (IMF) in a sur ...

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Forex reserves down by $2.713 billion to $637.687 billion
04 May

The country's foreign exchange reserves declined by USD 2.713 billion to USD 637.687 billion in the week to November 26, RBI data showed.In the previo ...

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Car prices to rise on higher input costs
03 May

Cars will get dearer from the new year as companies, ranging from Maruti, Tata Motors to Mercedes and Audi, will increase prices due to higher input c ...

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RBI moves NCLT for Reliance Capital insolvency
03 May

The RBI has filed an application with the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the Anil Ambani-owned Relian ...

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Link PAN to LIC policies for IPO quota
03 May

Insurance giant LIC has asked its policyholders who have a demat account to link their income tax PAN with their policies so that they can apply in it ...

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Swiggy to invest $700 mn in quick delivery business Instamart
03 May

Swiggy, which is in the midst of raising a larger funding round, said on Thursday it will invest $700 million in its express grocery delivery service ...

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Lenders of Srei’s 2 fin cos look for group resolution
03 May

Creditors to the two finance companies in the Srei Group that are facing bankruptcy action are considering a group approach to the insolvency resoluti ...

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L&T, Renew tie up for green hydrogen
03 May

Engineering giant Larsen & Toubro (L&T) and clean energy major Renew Power have joined hands for production of green hydrogen, the latest buzz ...

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Government plans 4 more strategic selloff deals by March-end
02 May

Having finalised two strategic privatisation deals in as many months, the government is looking to clinch at least four more transactions by the end o ...

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Manufacturing activity rose at 10-month high in November
02 May

Activity in the country’s manufacturing sector rose at its fastest pace in 10 months on the back of rising new orders, led by robust domestic demand a ...

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Little-known Chennai company gets $8.5 billion valuation
02 May

At a time when startup unicorns are the flavour of the season, a little known Chennai-based company dabbling in clean energy has bagged a valuation of ...

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Exports up 27%, but trade deficit reaches record high
02 May

India’s trade deficit surged to a record high of $23.3 billion in November as imports of crude oil, coal and gold shot up, negating the near 27% jump ...

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Goldman Sachs introduces new employee benefits including leave for miscarriage
02 May

Goldman Sachs Group has announced a slew of benefits for its employees, including a 20-day paid leave in case of a miscarriage. The multinational inve ...

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Input shortages hit car sales, bikes slow down
02 May

The car industry’s wholesale deliveries continue to stay weak in November with not much respite on the semiconductor procurement front. While top comp ...

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India has no plans to recognise Bitcoin as currency: Nirmala Sitharaman
30 May

The government on Monday informed the Lok Sabha that there was no proposal to recognise Bitcoin, a popular cryptocurrency, as a currency. The governme ...

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Elon Musk’s Starlink seeks licence for pilot operations in India
30 May

Elon Musk’s Starlink Internet Services has applied for a licence to begin pilot services in its first step towards launching full-fledged operations i ...

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LIC gets RBI approval to hike stake in Kotak Bank to 9.9%
30 May

Life Insurance Corporation of India has received approval from the RBI to raise its stake in Kotak Mahindra Bank to up to 9.99%, the bank informed the ...

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After Air India, govt okays sale of Central Electronics for Rs 210 crore
30 May

The Centre on Tuesday announced the sale of state-run Central Electronics Ltd to Nandal Finance and Leasing for Rs 210 crore, the second privatisation ...

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Twitter missed out on tech peers' stock rally during Jack Dorsey’s era
30 May

Jack Dorsey’s era running Twitter Inc. spanned one of the biggest rallies for US technology stocks. Twitter missed out on most of it.A 75% gain for th ...

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Parag Agrawal to take over as Twitter CEO
30 May

Parag Agrawal, 37, was named on Monday to succeed co-founder Jack Dorsey after a four-year stint as CTO, a role where he oversaw Twitter's pursuit of ...

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Data breach: ‘Make independent and non-executive directors liable'
29 May

Independent directors and non-executive directors on board a top social media, internet or electronics hardware company should also face legal and cri ...

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Jio joins Voda Idea & Airtel in raising tariffs
29 May

After Bharti Airtel and Vodafone Idea, India's largest mobile operator Reliance Jio on Sunday announced up to 21 per cent hike in its prepaid tariffs ...

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Singapore crypto market enters India despite pending curbs
29 May

Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the government is preparing legislation to effectivel ...

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Fintech startup Slice 41st unicorn in ’21, raises $220mn
29 May

Fintech startup Slice, which targets millennials with credit cards, has become India’s 41st unicorn in 2021.Slice has raised $220 million in a series- ...

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Loss due to conservative accounting: Paytm
29 May

Paytm founder & CEO Vijay Shekhar Sharma has said that One97 Communications’s (Paytm’s parent’s) losses were due to conservative accounting, which ...

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Accor re-hires third of 1,500 laid off employees
29 May

After a strong recovery since the second wave of Covid, French hospitality major Accor Group says it has started re-hiring employees laid off during t ...

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Tax benefits planned for overseas listing
27 May

The finance ministry is ready to offer tax benefits for direct listing of shares overseas as well as for settlement of bonds, which are part of global ...

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Set up disaster fund for eco loss due to natural calamities
27 May

A report by State Bank of India has called for a ‘National Disaster Pool’ to make good the economic loss arising out of natural calamities, which are ...

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RBI fines SBI & 2 payment system operators
27 May

The RBI has imposed a Rs 1-crore penalty on SBI for contravention of the Banking Regulation Act and holding shares in borrower companies exceeding 30% ...

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Crude oil prices drop to two-month lows after COVID
27 May

Oil prices dived more than 5% on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surpl ...

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Tata in talks to set up $300 million chip unit
27 May

Tata group is in talks with three States to invest up to $300 million to set up a semiconductor assembly and test unit, two sources familiar with the ...

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RBI keeps big business houses out of banking
27 May

Reserve Bank of India has not accepted a proposal to consider large corporates or industrial houses for a banking licence.It has however allowed promo ...

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Data protection panel against hefty penalties on tech giants
25 May

In what may spell relief for global technology giants such as Facebook, Instagram, Google, Amazon and Apple, the joint Parliamentary panel on personal ...

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Crypto bill leads to panic sale, 20% crash
25 May

Indian crypto investors resorted to panic selling after the government listed a bill on Tuesday night seeking to ban private cryptocurrencies, while a ...

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India, US finalise deal on digital service tax
25 May

A day after the conclusion of the India-US Trade Policy Forum meeting, the two countries decided on a "transitional approach" to digital service tax i ...

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Niti Aayog paper moots full-stack digital banks
25 May

A discussion paper unveiled by government think-tank Niti Aayog has floated the idea of full-stack digital banks to deepen banking services and bridge ...

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Star Health Insurance IPO to open on Nov 30, looks to raise Rs. 7k cr
25 May

Star Health and Allied Insurance Company on Wednesday said it has fixed a price band of Rs 870-900 a share for its Rs 7,249-crore initial public offer ...

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For first time, India’s fertility rate below replacement level
25 May

India’s population is set to fall as its total fertility rate (TFR) or the average number of children born to a woman over her lifetime has dropped be ...

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Govt lists bill in winter session to ban all private cryptocurrency
24 May

The government on Tuesday listed the Cryptocurrency and Regulation of Official Digital Currency Bill for introduction during the winter session of Par ...

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Govt eyes annual spectrum auctions, real-time trading
24 May

In what would be a major reform for the telecom sector, the government has started work on having annual auction of spectrum to ensure that the indust ...

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India, US move to narrow trust deficit on trade front
24 May

Following years of trust deficit on trade issues, the US on Tuesday agreed to ease rules for the export of mangoes and pomegranates in return for Indi ...

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Future Retail employees ask SC to allow asset sale to Reliance Retail
24 May

Employees of debt-ridden Future Retail (FRL), the parent of supermarket chain, Big Bazaar, have asked the Supreme Court to clear the company’s asset s ...

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Govt pursuing loan default cases to recover money
24 May

Union finance minister Nirmala Sitharaman on Tuesday said all the money taken away from the banks will be taken back as the government is actively pur ...

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Transport minister wants the car industry to give benefit of 1.5L for scrapping old cars
24 May

Transport minister Nitin Gadkari wants the car industry to offer benefit worth Rs 1-1.5 lakh to every individual who has scrapped an old polluting veh ...

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PMC retail investors have to wait for 10 years to get full money back
23 May

All retail depositors with more than Rs 15 lakh in the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank will have to wait for 10 years to get al ...

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Paytm crashes on Day 2 too, down 37% since IPO
23 May

Shares of Paytm fell by 13% on its second trading day, after crashing 27% during their Thursday debut on the stock exchanges. The shares closed at Rs ...

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Tatas to set up Rs 3,000 crore solar plant in Tamil Nadu
23 May

Tata Group’s solar power arm is in final stages of negotiations with the Tamil Nadu government as it plans to set up a 4GW integrated solar photovolta ...

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NCLAT stays Competition Commission's Rs 200 cr penalty on Maruti Suzuki
23 May

Appellate tribunal NCLAT on Monday stayed the Rs 200 crore penalty imposed by the Competition Commission on Maruti Suzuki but directed the car maker t ...

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India, US vow to boost trade ties, focus on supply chain
23 May

India and the US on Monday vowed to improve their trade ties and "take it to the next level" with closer partnership on supply chains flagged as a key ...

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Smartwatches grow 400% YoY in September quarter
23 May

Smartwatches are fast replacing conventional watches as an essential device with record shipments of 4.3 million pieces in the July-September period — ...

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No exception from ownership norms for PSBs on selloff list
22 May

The Reserve Bank of India (RBI) is unlikely to make an exception for ownership changes to privatise state-run banks. Instead, it will issue comprehens ...

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Niva Bupa eyes Rs 5,000 crore in premium within 2 years
22 May

True North-owned Niva Bupa Health Insurance has advanced its goal of achieving a premium income of Rs 5,000 crore by a year to FY24, following a picku ...

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Developed nations want to expand WTO agenda
22 May

In the run-up to the WTO ministerial meeting later this month, developed countries led by the European Union and the US are seeking to expand the issu ...

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Paytm business picks up after 2nd wave
22 May

Paytm on Sunday released its business figures for the quarter ended September 2021, where it said that loans have doubled from the preceding three mon ...

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Revenue secy says that govt to exceed tax collection target in FY22
22 May

With the net direct tax collection till October closing in on Rs 6 lakh crore and average monthly GST mop-up likely around Rs 1.15 lakh crore this fis ...

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SBI yet to refund Rs 164 crore charged as UPI fees before 2020 to Jan Dhan a/cs
22 May

State Bank of India (SBI) is yet to refund an estimated Rs 164 crore charged to PM Jan Dhan Yojana (JDY) account holders for transactions between Apri ...

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Paytm’s 27% crash on debut worst among IPOs over Rs 1k cr
19 May

The much-anticipated listing of Paytm, which had raised Rs 18,300 crore in India’s biggest IPO, ended on a bitter note with the stock crashing 27% fro ...

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Paytm's long term performance can't be predicted based on Day 1 show
19 May

It has been a rollercoaster day for Paytm founder Vijay Shekhar Sharma from the high of concluding the country’s largest IPO with a listing followed b ...

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PM urges to support ‘wealth, job creators'
19 May

Prime Minister Narendra Modi made a strong pitch to state-run banks on Thursday to lend for “building the country’s balance sheet”, saying the time ha ...

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India asks WTO to reassess way of functioning
19 May

India on Thursday called for a reassessment of the way the World Trade Organisation (WTO) was conducting its affairs, with commerce and industry minis ...

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More Indians turn angels in startup funding boom
19 May

With more capital flowing in, startups being launched and lucrative exits, the profile of an Indian angel investor is changing. It’s no longer just se ...

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RBI proposes new law to regulate digital lending
19 May

The Reserve Bank of India (RBI) has proposed new norms and asked the government to frame a new legislation to curb illegal digital lending in the coun ...

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FM wants corporate India to invest, promises to remove hurdles
18 May

Arguing that the economy is back on track and state-run banks have “remarkably turned around”, finance minister Nirmala Sitharaman made an impassioned ...

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Anil Agarwal to split metals, oil business from Vedanta
18 May

Metals tycoon Anil Agarwal plans to separate the aluminium, oil & gas and iron & steel businesses from Vedanta to form three separate entities ...

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Government eyeing 5-6 selloffs this fiscal: Dipam secretary
18 May

The Centre is confident of completing privatisation of 5 to 6 state-run enterprises in the current fiscal year and is aiming to hand over Air India (A ...

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Akasa orders CFM engines worth $4.5 billion for its 72 Boeing 737 Max
18 May

Billionaire investor Rakesh Jhunjhunwala-promoted upcoming Akasa Air has ordered CFM's LEAP-1B engines valued at $4.5 billion at list price for the 72 ...

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India seeks duty free access for leather goods
18 May

Commerce and industry minister Piyush Goyal on Wednesday said that India is pitching for duty free market access for leather goods in countries such a ...

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Hotmail’s founder Bhatia starts video job net
18 May

Sabeer Bhatia has perhaps lived through one of the biggest accomplishments that any Indiaborn techpreneur can dream of in terms of scoring global succ ...

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Government looks to boost private investment, ease bottlenecks
13 May

Amid signs of economic recovery, the government is set to hold consultations with states and bankers next week to look at ways to kickstart private in ...

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Johnson & Johnson to Split Into 2 for Faster Growth
13 May

Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker.The company said ...

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Retail inflation up at 4.5% in Oct but IIP lower in Sept
13 May

Retail inflation inched up marginally in October led by fuel, light and some food prices, while industrial output growth slowed to a seven-month low i ...

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Passenger Vehicles dispatches drop 27% in Oct on chip shortage
13 May

Passenger vehicle wholesale dispatches declined by 27% in October (year-on year) with the semiconductor shortage hitting production of companies in th ...

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FM Sitharaman to meet CMs, state FMs for boosting private investment
13 May

Union Finance Minister Nirmala Sitharaman will on Monday meet chief ministers and state finance ministers to discuss measures to attract private inves ...

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$9.2 billion worth of goods were sold online during the Festive Sales in 2021
13 May

Recent figures released by homegrown consulting firm RedSeer indicate that 2021 saw India witness its biggest ever Festive Sales with brands clocking ...

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IndiGo CEO syas air travel seeing swift recovery
12 May

India is witnessing a swift recovery in domestic air travel as the pandemic subsides. The country’s biggest airline IndiGo is now operating more domes ...

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Skoda plans to make electric cars in India
12 May

Skoda Auto, which has been given charge of leading the Rs 8,000-crore India investments by European auto major Volkswagen, plans to manufacture electr ...

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Government plans 5G sale in early next fiscal
12 May

After unleashing a mega reform-cum-bailout package for the telecom sector in September, the telecom department is finally taking decisive steps for a ...

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India rejects 'weak' WTO fishery text, sees bias towards developed nations
12 May

India has rejected the latest draft text on fishery floated by the World Trade Organization (WTO) this week, saying it is imbalanced, weak and unfair, ...

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Digitalisation doubled banking complaints in 2 years
12 May

The Reserve Bank of India’s ‘One Nation, One Ombudsman’ scheme is part of its strategy to address customer complaints, which have doubled in the wake ...

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Timex says India fastest-growing market for fashion watches
12 May

India has become the fastest-growing market for watches bought by young consumers who use them as fashion accessories, said Tobias Reiss-Schmidt, pres ...

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Tax cuts on fuel improve inflation outlook: RBI governor
11 May

Reserve Bank of India governor Shaktikanta Das on Wednesday said that the tax cuts on fuel were a positive development and would help the central bank ...

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Paytm IPO closes with 2x subscription
11 May

The Rs 18,300-crore IPO for One97 Communications, the parent of Paytm, was subscribed nearly twice the offer size when it closed on Wednesday. While t ...

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Investment cycle set to kick-start
11 May

Armed with necessary macro and micro growth drivers, the stage is set for India’s investment cycle to kick-start and catalyse its recovery towards bec ...

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Cannot write off small cars despite SUV surge, says Maruti Suzuki
11 May

Maruti Suzuki, the leader of small cars and India’s biggest passenger vehicles seller, has dismissed suggestions that small cars are on their way out, ...

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Monthly SIP collections hit an all-time high of ₹10,518 cr in October
11 May

The average assets under management (AUMs) and the net AUMs for Indian mutual fund industry have risen to a record high levels at ₹38.21 lakh crore, a ...

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Nykaa’s dream debut: Founder now India’s richest self-made bizwoman
11 May

"I was always looking to have an idea that was ahead of its time so that I get a chance to build on that before the Tatas, Birlas and Ambanis identify ...

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New norms to ease fund flow for disputed projects
10 May

In a boost for the construction sector, the finance ministry has issued new norms that will help facilitate release of funds of projects where arbitra ...

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ITC Hotels signs first management contract in Udaipur under its Mementos brand
10 May

ITC Hotels has signed its first property in Udaipur under its Mementos by ITC Hotels brand. Mementos, the company's luxury brand, has signed Ekaaya, U ...

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RBI lifts restrictions on Diners Club, allows on boarding of fresh customers
10 May

The Reserve Bank of India (RBI) on Tuesday lifted its restrictions on credit card issuer Diners Club International, allowing it to onboard fresh custo ...

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General Electric to break up into 3 companies to simplify business
10 May

General Electric (GE) said on Tuesday it would split into three public companies as the storied US industrial conglomerate seeks to simplify its busin ...

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Mahindra & Mahindra open to PE funding for EVs
10 May

Once a maker of fuel-guzzling diesel vehicles, Mahindra & Mahindra is changing course and taking a bold bet on greens. The company will launch eig ...

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Yes Bank plans legal action on police order
10 May

Yes Bank is understood to be planning legal action against the Gautam Buddh Nagar police order disallowing the private lender from dealing with or exe ...

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Shorter trade cycle in select stocks to kick off from Feb 25
09 May

The Indian stock market is finally moving to a shorter trading and settlement cycle from February 25 next year as the exchanges have decided to adopt ...

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Shareholder meet of Future put on hold
09 May

The National Company Law Tribunal (NCLT) on Monday temporarily put on hold Future Retail’s (FRL’s) shareholder meeting for its proposed sale of assets ...

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Don’t exercise DishTV stock rights: Cops to Yes Bank
09 May

In a setback to Yes Bank’s move to oust DishTV’s management, the Gautam Buddh Nagar police in UP has issued a notice to the lender, asking it not to d ...

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Paytm’s Rs 18.3k cr IPO sees 18% subscription on day 1
09 May

The Rs 18,300-crore initial public offering (IPO) for tech-enabled payments system pioneer One97 Communications, which operates under the Paytm brand, ...

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Business correspondents overcharge PSU banks
09 May

A study published by the State Bank of India (SBI) has said that business correspondents, who are channels for most Jan Dhan account transactions, are ...

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Police, RTO add to India’s logistics costs
09 May

Gujarat has topped the ranking of states on ease of logistics, and was followed by Haryana and Punjab, but frequent stoppages by police and transport ...

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Common Service Centre eyes IPO
08 May

It calls itself a government-promoted company not many are aware of, and generates roughly over Rs 6,000 crore worth of financial transactions every m ...

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Adani targets food staples business for expansion
08 May

Billionaire industrialist Gautam Adani will be pouring more resources into acquisitions as he doubles down on his bet on the food staples business. He ...

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CCI requested to revoke approval to Future’s deal with Amazon
08 May

Independent directors at Future Retail (FRL) have written to the Competition Commission of India (CCI) urging the antitrust watchdog to revoke the app ...

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Printing cash short-term solution: Kotak
08 May

Veteran banker Uday Kotak has said that central banks printing money for long can be harmful. Kotak, who had six months ago called upon the RBI to exp ...

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Tatas to take over, operate Air India by Jan 23, 2022
08 May

The countdown for founder Tata Group re-acquiring Air India 68 years after the Maharaja was nationalised has begun. They have to take control and star ...

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India's informal economy more than halved
08 May

The Reserve Bank of India’s digital payments index also captures the spread of digital, taking into account growth in the payments infrastructure. Of ...

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RBI governor asks banks not to let down the RBI
03 May

RBI governor Shaktikanta Das on Tuesday met with bank chiefs and asked them to remain vigilant to any emerging signs of vulnerabilities and take timel ...

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Uday Kotak says ILFS on track for 62% recovery
03 May

The IL&FS board expects to resolve around Rs 57,000 crore of the Rs 99,000 crore total debt inherited by the directors by March 2022. Overall the ...

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Mood upbeat across companies, retailers on Dhanteras
03 May

After a tumultuous post-Covid period and an unprecedented year-and-a-half since the outbreak of the deadly virus, Dhanteras saw consumers return to th ...

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No HC relief for Tatas on use of their trademark as crypto coin
03 May

Bitcoin may be a household name today, but there are various types of cryptocurrencies that exist. Ever heard of a cryptocurrency bearing the trademar ...

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More bankers express concern over ex-SBI chairman's arrest
03 May

The Indian Banks’ Association (IBA) on Wednesday sought an appointment with Rajasthan Chief Minister Ashok Gehlot and wrote to the chief secretary of ...

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Ola reports first-ever operating profit of Rs 89.8 Cr for FY21
03 May

Ride-hailing unicorn Ola has reported its first-ever standalone operating profit of Rs 89.82 crore for FY2020-21 driven by cuts in operational expendi ...

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Bankers question arrest of ex-SBI chairman Chaudhuri
02 May

Bankers have come out in support of Pratip C Chaudhuri, the former SBI chairman, and have questioned the way he was arrested in a case involving Alche ...

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Manufacturing activity grows fastest in 8 months on high demand
02 May

Activity in the country’s manufacturing sector rose at its fastest pace in eight months in October on the back of new orders as demand improved and th ...

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Centre asks ONGC to give 60% stake in Mumbai High to foreign firms
02 May

The petroleum ministry has told ONGC to give away 60% stake plus operating control in India's largest oil and gas producing fields of Mumbai High and ...

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I-T department rolls out new annual info statement; taxpayers can give feedback
02 May

The income tax (IT) department has rolled out the new annual information statement (AIS) on the compliance portal, which provides a comprehensive view ...

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Chip shortage hits October auto dispatches
02 May

Waiting periods running into several months, production cuts and near-negligible discounts mark the festive season as semiconductor shortages have see ...

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UPI transactions over $100bn in Oct
02 May

UPI transactions value touched $103 billion (over Rs 7.7 lakh crore) in October, driven by both online and offline digital shopping in the festive sea ...

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Value of FPI stake in Indian companies at record Rs. 55 lakh crore
01 May

The total value of investments by foreign portfolio investors (FPIs) in India crossed the Rs 50-lakh-crore mark as of September this year, although th ...

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Diageo India to focus only on premium drinks now
01 May

Hina Nagarajan, the MD and CEO of Diageo India, said the company will focus completely on its premium and luxury products. The move comes at a time wh ...

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Job vacancies rise to 20-month high
01 May

In a boost to hiring sentiment, October 2021 has emerged as the strongest month with active white-collar job openings crossing the 3-lakh mark for the ...

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Banks with 95% cards implement RBI order on recurring payments
01 May

A month after the RBI’s fresh rules on mandates for recurring card payments kicked in, banks accounting for over 95% of credit cards in the market are ...

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Finmin issues uniform bank staff norms for accountability
01 May

In an attempt to protect the people taking bona fide business decisions, the finance ministry has issued a uniform staff accountability framework for ...

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Air India's Rs 5,000 crore unpaid fuel bills weigh on oil companies amid costlier crude
01 May

Air India’s unpaid fuel bills of about Rs 5,000 crore is weighing on fuel retailers who need extra cash for buying more dollars to pay for costlier cr ...

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Adani buys 20% in Cleartrip in bid to boost superapp
30 May

Billionaire Gautam Adani will acquire a “significant minority stake” in online travel and hotel booking firm Cleartrip — which had been acquired earli ...

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IRCTC regains after govt drops call to share fees
30 May

The uproar on Dalal Street against the railway ministry’s decision to have a 50% share of the convenience fee that IRCTC charges its ticket booking cu ...

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Godrej Group’s plan to split moves to next stage
30 May

A process of restructuring that the 124-year-old, $4-billion Godrej Group initiated a few years ago is said to have progressed and is likely to see an ...

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Govt's vaccine expenditure set to be around 50,000 cr
30 May

The Centre's vaccine spend is set to top Rs 50,000 crore, significantly higher than the budget estimate of Rs 35,000 crore, but is unlikely to put pre ...

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Centre's fiscal deficit touches 35% of annual target at H1-end
30 May

The government's fiscal deficit has worked out to be Rs 5.26 lakh crore or 35 per cent of the budget estimates at the end of September 2021, as per th ...

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RBI eases rules for small business in current a/cs
30 May

The Reserve Bank of India (RBI) has partially rolled back some of the stringent norms barring banks from opening current accounts for borrowers toward ...

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Invesco challenges Bombay High Court order in ZEE EGM issue
29 May

Invesco, the largest shareholder in Zee Entertainment Enterprises (ZEE), has approached a division bench of the Bombay High Court, challenging the inj ...

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AU Small Finance Bank Q2 profit goes up by 42% to Rs 279 cr.
29 May

AU Small Finance Bank on Thursday reported 13 per cent decline in net profit at Rs 279 crore for September quarter 2021-22 due to rise in bad loans. T ...

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Nykaa IPO fully subscribed on day 1
29 May

The Rs 5,352-crore initial public offer (IPO) for FSN E-Commerce Ventures, the company that operates under the Nykaa brand name, was fully subscribed ...

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Low-cost airlines domain getting crowded: IndiGo CEO
29 May

"The low-cost space is getting crowded," feels Ronojoy Dutta, the CEO of India's largest low-cost carrier (LCC) IndiGo, as Rakesh Jhunjhunwala's Akasa ...

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Govt to take 50% of convenience fee from IRCTC
29 May

The railways ministry sent a shocker to Dalal Street during Thursday’s post-market hours after IRCTC, one of the most favoured stocks among investors ...

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Share market to raise Rs 31,000 crore from plenty of IPOs in 2 weeks
29 May

The Indian capital market is set to witness one of the busiest fortnights in its history as six companies have lined up to together raise about Rs 31, ...

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Policybazaar's Rs 5,710cr IPO gives company valuation of $6bn
28 May

PB Fintech, the holding company for online insurance distributor Policybazaar and loan comparison portal Paisabazaar, has fixed a price band of Rs 940 ...

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Indians paid Rs 9,700 crore in hidden forex fees
28 May

Indians paid nearly Rs 9,700 crore in the form of fees hidden in inflated exchange rates while making remittances in 2020. This is more than a third ( ...

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Reliance Brands JV bags rights of Lee Cooper
28 May

Iconix Lifestyle India, a joint venture (JV) between Reliance Brands and the Iconix Brand Group, has acquired the intellectual property rights of Brit ...

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Paytm IPO opens on 8th, Swiss Re invests in non-life business
28 May

The Rs 18,300-crore mega IPO of Paytm’s parent One97 Communications will open on November 8 and close on the 10th. The company cleared the last hurdle ...

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RBI: All micro loans must be collateral-free
28 May

The RBI has said it proposes to make micro-lending collateral-free, not just for microfinance institutions (MFIs) but for all lenders. This follows no ...

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Maruti hopes to sell 1 lakh EV cars per annum when launched
28 May

At a time when Tata Motors has recorded electric vehicle sales of over 1,000 units a month, Maruti chairman R C Bhargava has said that "volumes in hun ...

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Paytm to hike IPO size to Rs 18,300 crore
27 May

Digital financial services firm Paytm will increase its initial public offer size to Rs 18,300 with company's biggest shareholder Alibaba group firm A ...

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IRB raises 5k cr from Spain's Ferrovial, GIC
27 May

In one of the largest funding rounds in the road infra sector of the country, IRB Infrastructure Developers is raising Rs 5,347 crore from two large g ...

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Relief for Zee as HC stays EGM demand
27 May

The Bombay high court on Tuesday gave Zee Entertainment Enterprises a major relief in its 45-day feud with Invesco, its largest shareholder, as it res ...

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Union Bank home loans at lowest ever 6.4% rate
27 May

Union Bank of India on Tuesday announced a reduction in its home loan interest rates, which will now start from 6.4% - the lowest rate in the industry ...

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Audi explores assembly of EVs, seeks policy certainty
27 May

German luxury maker Audi has started exploratory work to assemble electric cars in India but said that high tax rates and policy uncertainty remain th ...

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Growth in energy demand declined steeply in September due to low coal availability
27 May

The growth in energy demand declined steeply in September due to lower power generation in the wake of coal shortages, a report said. India Ratings an ...

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RBI governer asks statutory auditors to improve quality of audit
26 May

Reserve Bank of India (RBI) governor on October 25 said that statutory auditors need to improve quality and depth of audit and listed a number of irre ...

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Bharti Airtel opts for 4-year moratorium on AGR dues payment
26 May

Bharti Airtel said that the company has decided to avail the option of deferment of the payment of spectrum auction instalments due upto four years.It ...

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Govt. enters into Share Purchase Agreement with Tata for Air India's divestment
26 May

The government on October 25 signed the share purchase agreement (SPA) with Tata Group for Air India's divestment, sticking to the timelines that aim ...

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Govt. launches 'green energy day ahead' trading from renewable resources
26 May

India on October 25 formally launched day-ahead trading of electricity from renewable sources in a move towards mainstreaming of green energy as the c ...

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FM pushes Deptts. and PSUs to meet FY22 capital expenditure targets
26 May

Finance minister Nirmala Sitharaman on October 25 began a fresh exercise to assess the capital expenditure plans of government departments and public ...

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Car discounts shrink by more than 50% since 2019
26 May

Discounts and benefits on buying a car are at a 3-year low with as many as 28 models out of a total of 88 not attracting any schemes whatsoever in 202 ...

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NBFCs face tighter norms on capital, lending & bad loans
23 May

The Reserve Bank of India (RBI) on Friday announced a revised regulatory framework for non-banking finance companies (NBFCs), which tightens norms on ...

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Paytm gets Sebi nod for Rs 16,600cr IPO
23 May

Markets regulator Sebi has cleared the Rs 16,600-crore initial public offer of One97 Communications, the parent company of Paytm. This would make the ...

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RIL Q2 Net Profit rises 46% on oil, digital retail business
23 May

Mukesh Ambani-led Reliance Industries (RIL) reported a 46% jump in its second-quarter net profits to Rs 15,479 crore, led by oil and chemicals (O2C) b ...

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Zee MD says refusing merger plan annoyed Invesco
23 May

Zee Entertainment MD Punit Goenka has alleged that the company’s largest investor Invesco’s move to remove him from the board is to “teach me a lesson ...

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Chip crunch to hit Renault 2021 production harder than forecast
23 May

During a presentation to analysts, Renault Chief Financial Officer Clotlide Delbos said the carmaker's visibility on the chip shortage in the fourth q ...

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Piyush Goyal says there are international non-tariff barriers to be addressed
23 May

Non-tariff barriers to trade are restrictive practices which create impediments in smooth flow of imports and exports."Trade today requires a lot of s ...

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Critical shortage of chips hits life-saving medtech devices
22 May

The severe shortage of semiconductor chips is now going to hit where it hurts — critical life-saving devices and the medtech industry. The growing unc ...

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Google to halve app subscription fee to 15%
22 May

Google is slashing the fees it takes from subscription services on its app store following pressure from developers and lawmakers. From Janaury 1, the ...

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SIAC rejects Future’s plea to allow RIL deal
22 May

In a double win for Amazon, the Singapore International Arbitration Centre (SIAC) has rejected Future Retail’s plea to lift the interim stay on its Rs ...

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SEBI warns financial advisers against dealing in e-gold
22 May

Sebi has warned investment advisers from helping clients invest in digital gold instruments since these are not regulated by it. In early August this ...

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CarDekho becomes Jaipur’s first unicorn
22 May

CarDekho, a used car selling platform, has announced a $250-million round of funding, including $200 million Series E equity and $50 million debt, in ...

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SAP India’s growth beats most markets
22 May

SAP has said that its India business is growing better than most markets, helped by a wide spread of customers — both large and small — who are lookin ...

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Tatas to shift ready-to-eat business to Tata Consumer
21 May

The closely held Tata Industries is set to transfer its ready-to-eat meal business (sold under Tata Q brand) to the publicly listed Tata Consumer Prod ...

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Investment banks receive decade-high fees of $611mn on IPO & M&A
21 May

The IPO frenzy and M&A wave are minting money for Deal Street.Fees earned by big investment banks and boutique advisory firms in India rose to $61 ...

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PM says vaccination rate will assure boost tourism
21 May

With India expected to cross the crucial 100-crore vaccination mark, Prime Minister Narendra Modi has linked getting the Covid jabs to overall recover ...

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Vodafone Idea board avails moratorium
21 May

Vodafone Idea on Wednesday said its board has approved availing the four-year spectrum-payment moratorium being offered by the government as part of i ...

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IMF India’s ex-chief says, maintain existing taxes on fuel
21 May

The recovery in investment and consumption is expected to continue as reflected in the momentum of high frequency indicators. The pick-up in vaccinati ...

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Prime Minister wants oil majors to invest in India
21 May

As high oil, gas and coal prices threaten the nascent global economic recovery, PM Narendra Modi on Wednesday invited global majors to become partners ...

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Bad loans to rise up to 150bps in FY22
20 May

Non-performing assets (NPAs) of banks are likely to rise to 8-9% in FY22 from 7.5% as of March 2021, driven by defaults in the retail and small busine ...

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HUL’s Q2 profit rises 9% amid high inflation
20 May

FMCG bellwether Hindustan Unilever (HUL) posted 9% growth in standalone net profit of Rs 2,187 crore in the second quarter ended September 30 as compa ...

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Google’s new Pixel, Android fuel iPhone competition
20 May

Google launched the latest Pixel smartphones on Tuesday, betting on its first custom-designed system processor and a new version of the Android operat ...

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Stiff cashout penalties may lead to shutdowns, ATM companies tell RBI
20 May

The ATM industry has made a representation to the Reserve Bank of India (RBI), seeking a retraction of the Rs 10,000 penalty for cashout at any machin ...

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Challenges abound as Tata has to refurbish Air India planes
20 May

Tata Sons' $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and ...

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Adani group commits 70% capex on energy transition
20 May

Port-to-energy conglomerate Adani Group will invest over USD 50-70 billion in renewable energy value chain over the next decade and the group firms ha ...

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FM, RBI keen to continue growth
19 May

The finance ministry and the Reserve Bank of India (RBI) are on the same page on the issue of continuing pandemic-era stimulus.Finance minister Nirmal ...

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Indian startups raise record $11bn in 3 months
19 May

Indian startups haven’t had it so good in a long time. They raised nearly $11 billion in the July-September quarter, twice the money that they got dur ...

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China's economy disturbed due to power crunch
19 May

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in ...

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Retail, hospitality keep job market on growth path
19 May

The onset of festive season, declining Covid cases and continued digitisation-led growth in tech industry saw the white-collar job market expand by ov ...

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SBI: Interest rate on small savings scheme higher than PPF, NSC
19 May

By holding small savings rates steady for six quarters, the government is paying between 47 and 178 basis points (100 basis points equal a percentage ...

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Delhi company gets ‘Eco Oscar’ for clean-air technology
19 May

Delhi-based Takachar is one among five winners of the first-ever Earthshot Prize, also called “Eco Oscar”, instituted by Prince William to reward inno ...

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HDFC Bank’s restructured loans rise to 1.7%, NPAs decline
18 May

HDFC Bank has reported a significant increase in restructured loans under the Covid relief scheme. Analysts are concerned that a large chunk of these ...

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Mr. Delaporte turns around Wipro as stock rally 70% since appointment
18 May

In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore h ...

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Saroj Poddar to create Zuari holding company for agriculture
18 May

Saroj Poddar-controlled Adventz Group will implement a structure in which the publicly listed Zuari Agro Chemicals will become the holding company of ...

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Govt may check import of key sanitiser ingredient
18 May

India’s trade remedies directorate has recommended the use of safeguard measures for two years on a key ingredient used in making hand sanitisers and ...

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Opportunities are in plenty in India: FM to US CEOs
18 May

Opportunities are galore in India for all investors and industry stakeholders with the current reset in the global supply chain and clear-headed and c ...

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Six Senses eyes 6 luxury resorts in a decade: CEO
18 May

Hospitality major Inter-Continental Hotels Group’s (IHG) wellness and sustainability brand Six Senses — which is making its foray in the Indian market ...

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Top 4 IT companies recruit 1 lakh employees in April-September
16 May

India’s 4 greatest IT corporations — TCS, Infosys, Wipro and HCL — have seen their mixed worker energy rise by over 1 lakh within the first six months ...

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Bankers see risk in chase for commercial papers
16 May

Availability of cheap funds in the money markets through commercial papers is prompting financial intermediaries to arbitrage and chase higher returns ...

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Reliance Brands buys 40% stake in designer Manish Malhotra’s MM Styles
16 May

Reliance Brands Ltd (RBL), part of Mukesh Ambani-led Reliance Industries Ltd, acquired 40 per cent stake in famous designer Manish Malhotra's MM Style ...

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Irdai moots premium hike for rebuilding in disaster areas
16 May

The insurance regulator has mooted the introduction of a differential premium for insured properties that are rebuilt on sensitive terrain after a nat ...

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US pips China as India’s largest trading partner
16 May

The US has overtaken China as India’s largest trading partner, thanks to faster growth during the first nine months of 2021.Data collated by the comme ...

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PE investment in real estate up 24% YoY in July-Sept at Rs 3,500 cr
16 May

Private equity investment in real estate rose 24 per cent year-on-year to USD 477 million (about Rs 3,500 crore) during the July-September 2021 period ...

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RIL says it was in talks to merge media business with Zee
14 May

Reliance Industries (RIL) said on Wednesday it had shown interest to merge its media business with Zee Entertainment Enterprises but dropped the plan ...

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Tata-owned Air India to be formidable competition: IndiGo CEO
14 May

Air India, under the Tata Group, is all set to improve the service standards at Indian airlines and India’s largest carrier in terms of market share - ...

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Infosys, Wipro’s revenues zoom over 20% in quarter 2
14 May

Infosys and Wipro had a stellar second quarter, sending their share prices in morning trade on the New York Stock Exchange (NYSE) soaring. Infosys’s r ...

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Due to chip shortage smartphone prices are hiked
14 May

Global supply chain constraints and shortage of chips and other electronic components is weighing heavily on consumers’ pockets this festive season.Ev ...

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3 PSU non-life insurers start reducing branches
14 May

Public sector non-life insurance companies have begun a restructuring exercise of shrinking their branch network in a bid to reduce costs and improve ...

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Dish TV board rejects Yes Bank’s request for EGM
14 May

Dish TV India’s board on Wednesday expressed its inability to convene an extraordinary general meeting (AGM) as requisitioned by Yes Bank, citing vari ...

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Tata Motors to raise $1bn from Private Equity investors for 15% in EV business
13 May

Tata Motors will raise Rs 7,500 crore ($1 billion) from a foreign private equity group by selling up to 15% in its nascent domestic passenger electric ...

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RIL invests in German company, 3rd solar deal within 3 days
13 May

Reliance Industries (RIL) will invest in Germany’s NexWafe for 25 million euros (Rs 217 crore), marking its third deal in clean energy. A couple of da ...

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Retail Inflation Eases To 5-month Low Of 4.35 % In September
13 May

Retail inflation declined to 4.35 per cent in September, mainly due to lower food prices, according to government data released on Tuesday.The Consume ...

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Invesco proposed merger with large Indian group in Feb 2021: ZEE
13 May

Amidst the ongoing battle between ZEEL and Invesco, Zee Entertainment Enterprises Limited stated on Tuesday that Aroon Balani and Bhavtosh Vajpayee, r ...

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Centrum and BharatPe Get Small Finance Bank License
13 May

Four months after the RBI gave in-principle approval to Centrum Financial Services to float a small finance bank (SFB), the RBI has granted the SFB li ...

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RBI bars CA firm for 2 years on failure to comply with RBI directions
13 May

The RBI has debarred the chartered accountancy firm of Haribhakti & Co from undertaking any audit assignments in any entity regulated by the centr ...

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Companies offer childcare with hybrid office
12 May

As hybrid emerges as a prevalent method of returning to work, several organisations are adopting an integrated approach to childcare benefits as well. ...

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Zostel to Sebi: Suspend Oyo’s $1.2bn IPO
12 May

Zostel Hospitality, parent of Zostel Hostels and Zo Rooms, has written to markets regulator Sebi, urging it to suspend Oyo’s $1.2-billion proposed IPO ...

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Zee’s deal with Sony may enrich Chandras: Invesco
12 May

While it has welcomed a deal between Zee Entertainment Enterprises and Sony Pictures Networks, the former’s largest shareholder Invesco has opposed an ...

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Rupee drops below 75 on rising crude oil, bond yields surge
12 May

The rupee breached the 75 level to close 37 paise lower against the dollar at 75.36 on Monday on high crude prices. The higher price of dollar and oil ...

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Report of FM: Indian economy on path to swift recovery
12 May

Strategic reforms and the rapid vaccination drive has placed the country on the path to swift recovery by enabling the economy to "navigate the ravagi ...

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Akasa Air gets govt approval, to start operations by 2022
12 May

It's official! Rakesh Jhunjhunwala-backed new airline Akasa has got no objection certificate (NOC) from the government to take it to the skies, SNV Av ...

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RIL boosts solar business with Rs 9k crore deals
11 May

Mukesh Ambani’s $10-billion renewables dream will take wings with acquisition of Norway-based solar panel manufacturer REC Solar Holdings and a 40% st ...

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Women workers go on strike at Urban Company alleging exploitation
11 May

A section of women workers comprising beauticians and salon experts at online gig marketplace Urban Company has gone on strike, alleging exploitation ...

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Indian companies collect $9.7 bn via IPOs in Jan-Sept
11 May

Bolstered by bullish investor sentiments, India witnessed companies mopping up a whopping $9.7 billion through initial share sales in the first nine m ...

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Mood has changed, consumers bullish on economy: RBI
11 May

There has been a huge change in public sentiment since the August monetary policy meeting of the Reserve Bank of India (RBI). People are less pessimis ...

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Government to also take over AI’s unpaid bills of Rs 16,000 crore
11 May

The new holding company for Air India, which will take over real estate, paintings and other non-core assets of Air India, will also be saddled with p ...

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Preparations in place for growing the economy rapidly
11 May

In late April and early May 2020, amid the national lockdown, Prime Minister Narendra Modi held a series of meetings with experts across several secto ...

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CEA Krishnamurthy Subramanian to return to academia
09 May

Chief economic adviser (CEA) Krishnamurthy Subramanian said on Friday that he has decided to return to academia after completing his three-year term i ...

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TCS profit up 14%, revenue 16%
09 May

It has been another good quarter for TCS. And the forecast looks good, considering the company is planning record fresher hiring.The company’s revenue ...

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Digital payments for business get a boost
09 May

Digital payments for business have got a big boost with RBI hiking the limit for immediate payment service (IMPS) to Rs 5 lakh from Rs 2 lakh. The cen ...

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Corporate India’s hiring activity rises 57% in September
09 May

India Inc's hiring activity surpassed pre-Covid levels last month, buoyed by accelerated pace of vaccination, rise in consumer demand and a host of po ...

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Monthly SIP inflow at over Rs 10k cr in Sept
09 May

Retail investors seem to have been able to cushion the shock from Covid-19-induced pandemic well in the last one year. After scaling down their exposu ...

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Tatas wins the bid for Air India for 18k cr
09 May

It’s a lost-and-found story like no other in business folklore. A 153-year-old conglomerate reclaims an airline behemoth after 68 years and several go ...

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Reliance Retail to bring 7-Eleven in India
08 May

Days after Kishore Biyani’s Future Group terminated its agreement with 7-Eleven, Reliance Retail Ventures, the retail arm of Mukesh Ambani-led conglom ...

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Tata Motors to raise $1 billion to push EV market
08 May

Tata Motors is in advanced stages to raise $1 billion through a stock sale of its electric vehicle unit as it accelerates transition to plug-in cars.T ...

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Give Zee reasonable time to reply: NCLAT to NCLT
08 May

The National Company Law Appellate Tribunal (NCLAT) on Thursday held that in the feud between Zee Entertainment and its top investor Invesco, the NCLT ...

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Ola to enter vehicle sales business, hires Amazon executive
08 May

Ride-hailing platform Ola on Thursday said it is getting into pre-owned and new vehicle sales business, which pits the company against players such as ...

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Piramal to demerge financial services & pharma business
08 May

The Piramal Enterprises board on Thursday approved a proposal to demerge the pharmaceutical business, which would result in two separate listed entiti ...

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Bombay HC dismisses Srei’s plea against RBI
08 May

The Bombay high court on Thursday dismissed a writ petition filed by promoters of the Srei group against the RBI’s decision to supersede the boards of ...

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Rising crude pulls sensex down & rupee near 6-month low of Rs.75/$
07 May

Rising crude oil prices on Wednesday pulled down the sensex by 555 points to close at 59,190, weakened the rupee to near the 75-to-a-dollar level, a l ...

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Due to rise in price consumers switch to packaged tea from loose tea during pandemic
07 May

Procurement constraints and spiralling tea prices post-pandemic has been a crisis that turned into an opportunity for packaged tea players.When prices ...

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Card spends hit Rs 2 lakh crore in Q2
07 May

Spending is back with a bang. The July-September quarter has set a new record with the value of credit card transactions expected to have crossed Rs 2 ...

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IL&FS gets NCLT’s nod to sell road projects via InvIT
07 May

The National Company Law Tribunal (NCLT) has allowed IL&FS to sell road projects of IL&FS Transportation Networks through an infrastructure in ...

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Cabinet approves Rs 4,445-cr PM MITRA Yojana to set up 7 mega textile parks
07 May

The Union Cabinet on Wednesday approved the setting up of 7 Mega Integrated Textile Region and Apparel parks with a total outlay of Rs 4,445 crore for ...

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Zee moves NCLAT against NCLT order on Invesco's plea
07 May

Zee Entertainment Enterprises Limited on Wednesday filed an appeal before the National Company Law Appellate Tribunal (NCLAT) in Delhi against an orde ...

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Shareholder activism puts focus on governance in companies
06 May

With governance in sharp focus at India Inc, corporate boards and top management may find it tougher to push their agenda if not aligned with wider in ...

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S R B C LLP resigns as auditor of IL&FS
06 May

SRBC & Co LLP has resigned as the auditor of IL&FS Transportation Networks Limited (ITNL) following the audit review report of National Financ ...

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Services sector activity expands in September; employment rises for first time in 10 months
06 May

Activity in the country’s crucial services sector continued to expand in September, helped by the lifting of restrictions across the country but the p ...

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ICICI Bank 2nd in card spends, ahead of SBI
06 May

ICICI Bank has overtaken SBI in credit card spends in August taking the number two spot after HDFC Bank. According to RBI data, ICICI Bank had a marke ...

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Substantial increase in fuel prices on cards as crude crosses $82 a barrel
06 May

Petrol price on Tuesday was hiked by 25 paise a litre and diesel by 30 paise, sending retail rates to all-time high levels, with a "substantial" incre ...

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Chip shortage resulted in rise in demand and long waitlists for consumer durables
06 May

Call it the Great Indian Consumer Wait. Severe shortage of semiconductors and a swift rebound of demand in the global economy have resulted in long wa ...

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E-scooters' demand rises ahead of festivals
05 May

Festival demand may be lacklustre for petrol scooters and motorcycles but electric two wheelers are kicking in some top gear sales sentiment. Top elec ...

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Delhi HC sets aside insurer appointments by Bank Board Bureau
05 May

The Delhi high court has set aside appointments made by the Bank Board Bureau (BBB) in public sector general insurance companies stating that the same ...

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SEBI looks to split high networth investor in two categories
05 May

An an attempt to ensure mid-sized investors do not get pushed out of public offers by very large investors, markets regulator Sebi on Monday proposed ...

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Hero eyes insurance business in rural areas
05 May

The Munjal family’s Hero group plans to take insurance to the hinterland by leveraging the familiarity of its brand, which has been synonymous with tw ...

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RBI moves for IBC action against Srei due to its failure
05 May

The repeated failure of the Srei management to induct an investor for over a year as well as the findings of the RBI’s special audit has prompted the ...

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Byju’s valued at $18 bn in $300 mn fund-raise
05 May

Byju’s has raised yet another big funding— $300 million — that values the firm at $18 billion. In the last round of funding earlier this year, the edt ...

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RBI may absorb some surplus cash
04 May

The RBI is expected to follow a divergent strategy when it comes to interest rates, which are at a historic low and dealing with the Rs 10 lakh crore ...

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ET NOW Swadesh, Hindi business news channel, goes on air today
04 May

Strengthening the network’s footprint in the Indian language space, Times Network, India’s premium broadcast network, is set to mark its debut in the ...

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E-commerce norms to weigh all stakeholders’ interests
04 May

The government on Sunday indicated that it will not rush with the proposed consumer protection guidelines for e-commerce and will put together a frame ...

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ITC Hotels launches two new brands
04 May

Hospitality major ITC Hotels Group has announced two new brands — Mementos and Storii — to further increase its footprint in the country by adopting a ...

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LIC may file for mega IPO next month
04 May

LIC is likely to file draft papers with Sebi by November for the largest IPO in the country’s history, a finance ministry official has said.“We target ...

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GST deptt. questions banks for claiming tax credit on FD insurance premium
04 May

Top banks have landed in a tax tangle following the government's move to safeguard fixed deposits worth up to Rs 5 lakh of depositors.Earlier, banks u ...

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Amit Shah led panel of ministers to take final call on Air India sale
02 May

State-run carrier Air India could be headed back to its founder Tata group, which has outbid the other contender, a consortia comprising of SpiceJet p ...

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Zee rejects Invesco’s call to hold EGM to expel MD
02 May

Zee Entertainment Enterprises Ltd (ZEEL) on Friday rejected a demand from Invesco Ltd for a special shareholders’ meeting to oust its managing directo ...

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No fee refund for fraudulent loan applications: HDFC Bank
02 May

HDFC Bank has said that as a practice it levies processing fees on customers attempting to avail loans with discrepant or suspect documents. However, ...

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Oyo latest startup to file for IPO, eyes over Rs 8k cr
02 May

Ritesh Agarwal’s pioneering hotel aggregation venture, Oyo Hotels & Homes, has filed for an IPO to raise Rs 8,430 crore ($1.2 billion) in the Indi ...

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Factory activity expands at faster pace in Sept
02 May

Stronger demand conditions and easing of Covid-19 curbs helped activity in the country’s factory sector to maintain its growth momentum and added to t ...

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India's Sept merchandise exports rise 21.35%
02 May

India's merchandise exports soared 21.35 per cent to $33.44 billion in September 2021 compared to $27.56 billion in the same month last year due to ro ...

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NCLT tells Zee to take up EGM request of Invesco
01 May

The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday directed Zee Entertainment to consider positively the requisition for an extr ...

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Govt. may set Rs 15-20k cr as Air India’s minimum price
01 May

The government is likely to set Air India’s reserve price in the range of Rs 15,000-20,000 crore. Sources said in case the highest bidder’s financial ...

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Small savings rates remain unchanged for October-December
01 May

The government on Thursday left interest rates unchanged for small savings schemes such as public provident fund (PPF), national savings certificate a ...

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Ola Electric gets $200 million funding at $3 billion valuation
01 May

Tripling its valuation to $3 billion in two years, EV manufacturer Ola Electric on Thursday said it has raised over $200 million or nearly Rs 1,500 cr ...

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Core sector grows 11.6% in August on low base effect
01 May

The eight core sectors grew for the sixth consecutive month in August led by robust expansion in cement, electricity, coal and natural gas segments, d ...

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Elon Musk & Jeff Bezos set to offer satellite-based internet in India
01 May

Jeff Bezos and Elon Musk, the world’s two richest businessmen, are set to take on Airtel’s Sunil Mittal and Reliance Jio’s Mukesh Ambani in the high-s ...

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Piramal acquires DHFL for Rs 34000 cr
30 May

In the first insolvency resolution in the financial services space, Piramal Group has concluded payment of Rs 34,250 crore to take over Dewan Housing ...

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Invesco moves NCLT against Zee for failing to call an EGM
30 May

Invesco Developing Markets Fund along with OFI Global China Fund LLC, both foreign funds, on Wednesday approached the National Company Law Tribunal (N ...

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Insurance for exporters gets Rs 6000 cr support
30 May

The Cabinet on Wednesday allowed the listing of Export Credit Guarantee Corporation (ECGC), while clearing an investment of up to Rs 6,000 crore in th ...

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Sebi bans 2 at Wipro & Infosys for insider trading
30 May

Sebi has banned from the markets an employee of Infosys and another one from Wipro for insider trading in the derivatives contracts of Infosys around ...

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Govt. extends emergency credit scheme till March ’22
30 May

The government on Wednesday extended the validity of the Emergency Credit Line Guarantee Scheme (ECLGS) until March, the sixth such extension, while f ...

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Audi to restart SUVs’ local assembly
30 May

The ‘Q’ is set to return to India as German luxury carmaker Audi restarts local assembly of its SUV range after a gap of nearly two years. It looks to ...

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Sebi makes it easier to delist companies after acquiring over 75%
29 May

The board of markets regulator Sebi on Tuesday made it easier for an acquirer to delist a company after buying 75% or more in it and made the process ...

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Adani loses out to Gujarat Gas on city gas distribution network
29 May

The Supreme Court on Tuesday threw out Adani Gas Ltd’s challenge to the decision of the Petroleum and Natural Gas Regulatory Board (PNGRB) to award th ...

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Sebi okays e-gold receipt trades and silver Exchange traded funds
29 May

The board of markets regulator Sebi on Tuesday gave its nod to start a gold trading platform on which the yellow metal could be traded in electronic f ...

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Women representatives on boards up, but lags global average
29 May

Women representation on boards in India has increased by 5.9 percentage points over six years, from 11.4% in 2015 to 17.3% in 2021, according to a new ...

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Tatas’ super app called TataNeu
29 May

Tata Group chairman N Chandrasekaran gave a sneak peek of the ‘TataNeu’ super app to its senior leadership on Tuesday. While the commercial launch of ...

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82% CEOs are confident on growth and recovery
29 May

Most CEOs remain confident about growth prospects of their company. Although at 82%, as revealed by a recent KPMG survey of CEOs’ outlook, the number ...

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IL&FS Financial services to sell bad loans worth Rs 4k cr
28 May

IL&FS Financial Services, an arm of IL&FS, has put on the block Rs 4,297 crore of loans that have been classified as non-performing assets. Th ...

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Women workforce in cybersecurity jobs is extremely low
28 May

With cybercrime on the rise since the pandemic, the demand for cyber-related talent has gone up substantially. There has been a 25% increase in demand ...

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RBL Bank fined Rs 2cr for violating rules
28 May

The Reserve Bank of India (RBI) has imposed a Rs 2-crore penalty on RBL Bank for violating norms and opening five savings accounts in the name of a co ...

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Reliance may invest in Glance InMobi
28 May

Reliance Industries (RIL) is in talks to invest between $200 million and $250 million in InMobi’s lock screen content platform Glance, multiple people ...

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E-frauds from India reduced to half in Q1
28 May

Online fraud attempts originating from India almost halved in the first quarter of FY22 when compared with Q1FY21 even as they rose globally. Accordin ...

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Railways identifies 12 stations to achieve asset monetisation
28 May

The railways ministry has identified several asset classes and is working on various models to achieve the target of raising Rs 17,810 crore in FY22 u ...

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Zee’s 18% owner Invesco wants new board to review Sony merger
27 May

Invesco, the largest shareholder in Zee Entertainment Enterprises, is not against the company’s proposed merger with Sony Pictures Networks but wants ...

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US court halts suit, allowing Cairn to settle row with India
27 May

A New York court has paused Cairn Energy’s pursuit of US assets of Air India for the recovery of a $1.2-billion arbitral award, so as to allow the Bri ...

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Standing Instructions on card payments to be hit from next month
27 May

Some cardholders might see standing instructions for payment on their credit card fail from next month. These could be for subscriptions with online c ...

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India needs 4-5 more banks like SBI: FM
27 May

India needs more banks that can match the scale of its largest lender State Bank of India (SBI), Union finance minister Nirmala Sitharaman said on Sun ...

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Freshworks IPO gets more Indians to enter US markets
27 May

As the first Indian products company to list on the Nasdaq, software-as-a-service (SaaS) firm Freshworks saw Indian investors put over $600,000, or Rs ...

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Single window system to boost ‘ease of doing business’
27 May

The recently launched National Single Window System for investors and businesses will prove to be one of the biggest steps for ‘Ease of Doing Business ...

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Sensex touches unprecedented height of 60000
25 May

There’s no reason for investors in the stock market to feel fearful when the benchmarks are at record peaks, provided they’ve invested after due dilig ...

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Government lifts spending restrictions on higher tax collection
25 May

The finance ministry on Friday lifted spending curbs on several ministries as latest tax numbers showed healthy collections, which is seen as a sign o ...

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CCI imposes Rs 873-crore fine on UBL, Carlsberg for price fixing
25 May

The Competition Commission on Friday imposed penalties totalling over Rs 873 crore on United Breweries, Carlsberg India, All India Brewers' Associatio ...

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RBI allows banks to sell ‘fraud loans’ to ARCs
25 May

The Reserve Bank of India on Friday allowed loan exposures classified as fraud to be transferred to Asset Reconstruction Companies (ARCs). This comes ...

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Multiple returns as economy grows towards $5 trillion
25 May

In 2019, Prime Minister Narendra Modi said that he would turn India into a $5-trillion economy in about five years. That would make India one of the t ...

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SIP investors unaffected by Highs & lows of stock market
25 May

Retail investors continue to repose their faith in systematic investment plans for investing in the stock market. As a result, the monthly SIP inflows ...

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US Fed’s clarity on tapering takes sensex close to 60000
24 May

The statement from the chief of the US central bank that it would start scaling back its $120-billion-per-month bond-buying programme in November, but ...

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Income tax portal is in much better shape: Infosys
24 May

After coming under intense scrutiny for technical glitches in the income tax e-filing portal, Infosys has addressed some of the concerns. The company ...

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Paras Defence most bought IPO at 304 times
24 May

The Rs 171-crore IPO of Navi Mumbai-based Paras Defence & Space Technologies closed with an over-subscription of 304 times, making it the highest ...

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Domestic pharma market expands 18% in August
24 May

The domestic pharmaceutical market delivered a robust growth of nearly 18% in August, buoyed by sales of acute therapies. The acute medication grew ar ...

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Volkswagen lauches Taigun SUV to take on Creta & Seltos
24 May

German car major Volkswagen makes a fresh attempt to crack the highly-competitive Indian auto market as it drove in Taigun premium SUV, the first prod ...

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Use technology to improve tax compliance: FM
24 May

Finance minister Nirmala Sitharaman has asked tax officials to adopt technological tools and ensure that there is no high-handedness in their dealings ...

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Cabinet approval sought to monetisation of Ashok Hotel
22 May

The Tourism ministry will seek the cabinet’s approval for monetisation of the operation and management of the iconic Ashok Hotel in the capital in the ...

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Adani unveils $20bn greeen energy plan
22 May

Unveiling his infrastructure conglomerate’s green vision, billionaire Gautam Adani on Tuesday said his group will invest $20 billion over the next 10 ...

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HDFC home loans start at 6.7%
22 May

HDFC home loans start at 6.7%, tied to credit scoreHDFC has said that its home loans will start at 6.7% across all loan slabs and for all customers ha ...

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Ford India’s revenue falls drastically
22 May

With the announced closure of its automotive operations, Ford India’s revenue from operations will shrink to less than a fourth of its FY21 tally.Acco ...

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Govt weighs probe against Amazon
22 May

The government is examining the possibility of an investigation against Amazon, following allegations of bribery by some of its legal representatives. ...

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Government to exit Hyderabad & Bengaluru JV airports first
22 May

The Airports Authority of India (AAI) will soon start exiting the joint venture (JV) airports with the government deciding to divest its stake in them ...

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Cars24 raises $450 Mn from SoftBank, Tencent and others
21 May

Used car selling platform Cars24 has raised $450 million in equity and debt round from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubat ...

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Amazon will investigate all charges of corruption
21 May

Amid reports of Amazon probing bribery-related charges against some of its legal representatives in India, the US e-commerce giant on Monday said it t ...

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Amazon opens logistics hub in Bengaluru for faster delivery
21 May

Amazon India has launched a new delivery station in Bengaluru, that will enable the e-commerce major to expand its last-mile delivery network and ensu ...

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HDFC Bank ties up with Paytm to issue co-branded credit cards
21 May

HDFC Bank will work with Paytm to offer co-branded credit cards on the Visa platform to businesspersons, millennials and others, said the lender on Mo ...

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FM to kick-start exercise for Union Budget 2022-23 from October 12
21 May

The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an offic ...

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Companies to give 8.6% pay hike next year: Deloitte
21 May

Indian companies may give an average pay hike of 8.6% in 2022, after paying an 8% increment in 2021, a survey by consulting firm Deloitte showed.The s ...

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Advent to buy Eureka Forbes at valuation of Rs 4,400 crore
20 May

US private equity firm Advent International has agreed to buy Indian water purifier and vacuum cleaner maker Eureka Forbes, the firms said on Sunday, ...

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‘Buy now pay later’ loans to disrupt market
20 May

Buy now pay later or BNPL loans are set to disrupt the credit market, with technology making it easy for lenders to provide sachet-ticket loans, witho ...

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Health cover costs to rise for retired bankers
20 May

Retired public sector banks' staff will see their group mediclaim premium increase by as much as 40% following an increase in the claims ratio. The In ...

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Economy stabilises as industries open up
20 May

The Indian economy has weathered the impact of the second wave and it is now stabilising as industries have opened up and demand has not been hit, a s ...

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Import duty on cars 'outrageous': Mercedes-Benz
20 May

Calling the duty on imported cars "outrageous", Mercedes-Benz - the leader of luxury cars in India - has supported rival Tesla's demand that taxes sho ...

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Cloud customers want solutions, not infra: Google Cloud India MD
20 May

Cloud customers are no longer asking for servers and storage, they are looking for solutions to their problems, Bikram Singh Bedi, managing director o ...

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After SBI, PNB & BoB too reduce home loan rates
18 May

Soon after a rate cut by State Bank of India (SBI), other public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have also revised ...

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Migrants don’t want to go back to cities for work after pandemic
18 May

With the fully vaccinated share of the workforce expanding, organisations may call their employees back to offices while adopting new work models. How ...

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Bad bank will have maximum impact on BoI, Union Bank & PNB
18 May

The National Asset Reconstruction Company (NARCL) will have maximum impact on loan books of Bank of India (BoI), Union Bank and Punjab National Bank ( ...

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Investors are getting prepared for a great fall in China
18 May

International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted p ...

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World Bank discontinues "Ease of Doing Business' report on data irregularities
18 May

The World Bank has put on hold the publication of its Doing Business report as it conducts a “systematic review” and probes the data collection irregu ...

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TCS plans to resume return-to-office by December
18 May

TCS is planning to bring back employees to office towards this yearend or early next year. That’s assuming there’s no third wave of the pandemic.It pl ...

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Govt sets up NARCL to take over banks’ Rs 2L cr bad debt
17 May

The government on Thursday announced the setting up of the National Asset Reconstruction Company (NARCL), which will take over bad debt of nearly Rs 2 ...

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SBI cuts home loan rates, non-salaried to benefit too
17 May

State Bank of India (SBI) has cut interest rates on home loans above Rs 75 lakh by 45 basis points (100bps= 1 percentage point) and has also reduced i ...

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Airtel to conserve Rs 40k cr cash through moratorium on AGR payments
17 May

A day after the government announced a mega bailout package for the telecom industry, Bharti Airtel chief Sunil Mittal said the company will opt for t ...

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Byju's buys coding site Tynker for $200 mn to grow in US
17 May

Online education giant Byju’s is paying about $200 million to acquire the coding platform Tynker, people familiar with the matter said, as India’s mos ...

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Madras HC stays 2 clauses of IT rules, says they may rob media of independence
17 May

The Madras high court on Thursday stayed the operation of the oversight mechanism brought in through the new Information Technology Act Rules by the C ...

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Over 50 companies list Rs 6k cr AC, LED investment
17 May

Over 50 companies have applied for availing production-linked incentives (PLIs) for air conditioners and LEDs, proposing an investment of around Rs 6, ...

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Tata Sons denies management reorganisation plan
16 May

Tata Sons chairman N Chandrasekaran has said “no leadership structural changes are on the anvil” at the company and that “any such decisions, if relev ...

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MG Motors may buy closed Ford plants in India
16 May

American company Ford Motors had recently announced to stop the production of cars in India. After which thousands of people have faced employment cri ...

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Tata Sons, group led by SpiceJet chief bid for Air India
16 May

Tata Sons and a grouping led by SpiceJet chairman Ajay Singh placed financial offers for Air India on Wednesday, the last day to submit bids. Tata Son ...

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Govt clears Rs 120cr PLI for drones, parts
16 May

The government on Wednesday approved a production-linked incentive (PLI) scheme for drones and drone components. Union aviation minister said the sche ...

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TCS 2nd Indian company to hit $200bn market capitalisation after RIL
16 May

Tata Consultancy Services (TCS), the second-most valued company in India and the largest within the Tata Group, on Wednesday became the second domesti ...

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Sebi bars Poonawalla Fincorp MD for insider trading activity
16 May

Securities and Exchange Board of India (SEBI) on Wednesday barred Poonawalla Fincorp Managing Director Abhay Bhutada and seven other entities from the ...

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For the first time, Tatas may create a CEO position in Tata Sons
15 May

Tata Sons, which controls India’s biggest conglomerate Tata Group, may consider creating a CEO position for the first time in its 104-year history in ...

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Jhunjhunwala buys Rs 110cr Zee shares, stock up 40%
15 May

Billionaire investor Rakesh Jhunjhunwala bought 50 lakh Zee Entertainment Enterprises shares, translating into 0.5% of the company, for about Rs 110 c ...

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‘Bumper-to-bumper cover not mandatory’
15 May

The bumper-tobumper insurance for motor vehicles prescribed by the Madras high court for all vehicles for five years will not be made mandatory. The c ...

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Times Group’s virtual seminar series begins
15 May

With the Indian economy fast recovering from the clutches of the Covid-pandemic, the Times Group has come up with a ‘Back2Business’ seminar series alo ...

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WPI inflation rises to 11.4% in August on fuel prices
15 May

Wholesale inflation inched up marginally in August on the back of stubborn prices of fuel, power and light and manufactured product segments, highligh ...

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NSE investigates freak Future & Options trades
15 May

The NSE is looking into a series of freak trades that took place in its futures & options (F&O) segment in contracts on five of the most trade ...

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Committee of creditors’ resolution plan irrevocable: SC
14 May

In an important judgment in the insolvency and bankruptcy field, the Supreme Court on Monday ruled that a ‘resolution plan’ for stressed assets become ...

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2 directors of Zee quit ahead of today’s AGM
14 May

Two non-independent directors of Zee Entertainment Enterprises have resigned from the company ahead of its annual shareholder meeting on Tuesday.Manis ...

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Freshworks plans $912 mn IPO at nearly $9 bn valuation
14 May

Freshworks Inc. aims to raise nearly $1 billion through a public listing in the US at a valuation of almost $9 billion, which will make it the most va ...

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‘Will look into issues forcing tech companies to register abroad’
14 May

Union finance minister Nirmala Sitharaman said on Monday that she would look into the bottlenecks of the IT products sector that push Indian SaaS comp ...

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Ola Electric starts all-woman trend at factory
14 May

Women finally seem to be getting a fairer deal when it comes to the shopfloor. As Ola Electric announced an “all-woman” 10,000-strong workforce at its ...

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No a/c freeze till December for want of KYC: RBI
14 May

The Reserve Bank of India (RBI) on Monday reiterated that until December 2021, banks cannot freeze accounts if the customer has not done a periodic KY ...

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Govt plans to revamp LIC’s rules for sharing surplus
13 May

Ahead of its proposed mega initial public offer (IPO), the government is looking at ways to align Life Insurance Corporation of India’s (LIC’s) rules ...

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Zomato to stop grocery delivery over service ‘gaps’ in food delivery
13 May

Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment ...

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Efforts for FTA with UK, Australia gather pace
13 May

The government is stepping up its efforts to speed up free trade agreements (FTAs) with ministerial level consultations with Australia and the UK line ...

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Wipro leadership back in office now
13 May

Wipro is getting its senior leadership back to office from Monday, becoming the first IT company to publicly announce the return of some of its staff ...

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Power PSUs may be allowed to take bigger risk for green energy projects
13 May

The government is looking at allowing Central power companies to take a bigger financial risk for renewable energy projects. The power ministry is to ...

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As chip problems hamper auto companies, used cars take off
13 May

The used car market is enjoying a demand spillover, particularly for best-selling mass market models, as new car production continues to be affected b ...

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Govt to limit incentive plan for auto to green vehicles
11 May

Petrol and diesel vehicles will not be included in the ambitious production-linked incentive (PLI) scheme for automobiles as the government will restr ...

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Factory output grows 11.5% in July on low-base effect
11 May

Industrial production surged 11.5% in July mainly due to a low-base effect and good performance by manufacturing, mining and power sectors but the out ...

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Assemble here to cut cost: Ministery to Tesla
11 May

Tesla’s plan to import cars to India on duty concessions has hit a roadblock. The ministry of heavy industries, which sets the policy for the country’ ...

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IT companies struggle to get experienced workforce
11 May

The top four Indian IT firms – TCS, Infosys, HCL and Wipro – plan to hire more than 1 lakh freshers this fiscal. Cognizant said in July it planned to ...

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CIL’s supply to power sector increases 20% in September
11 May

New DelhiCoal India Ltd (CIL), India’s largest miner of the fuel, on Friday said it has stepped up supplies by 20% in September to thermal power proje ...

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Insurers asked to launch cyber risk cover soon
11 May

Citing rising risks of cyber-attacks, the insurance regulator has asked non-life companies to launch individual cover soon and widen the scope of thei ...

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Advent may close a Rs 5,000 crore deal to buy Eureka Forbes
10 May

American private equity firm Advent International is nearing a deal to acquire Eureka Forbes, India’s largest maker of water purifiers and vacuum clea ...

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Govt extends last date for filing ITR till December 31
10 May

The income tax department on Thursday extended the deadline for filing retur ns for the 2020-21 financial year due to the glitches in the new taxpayer ...

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Fabindia appoints five bankers to raise up to $1 bn via IPO
10 May

Ethnic wear retailer Fabindia Overseas is gearing up for its initial stake sale as it has hired five investment banks to raise up to $1 billion throug ...

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SC stalls HC proceedings in Future Retail-Reliance deal
10 May

The Supreme Court on Thursday struck a balance between the interests of Amazon and Reliance Industries (RIL), engaged in a high stakes litigation from ...

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13 more airports to be privatised
10 May

Days after the government announced its ambitious asset monetisation plan, the Airports Authority of India (AAI) on Thursday approved the privatisatio ...

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Kotak Bank cuts home loan rate to 6.5%
10 May

Kotak Mahindra Bank, one of the leading private sector lenders in India, on Thursday said it would cut the interest rate on home loans from 6.65% to 6 ...

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Mutual fund investors turn cautious in August, shift to hybrid funds
09 May

Mutual fund (MF) investors seem to be getting a bit nervous after leading equity indices hit life-highs on a regular basis in the past few weeks. Tryi ...

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Job market expands in August too, hits pre-Covid level
09 May

More businesses resuming operations and preparation for the festive season led to continued upswing of the white collar job market in August, which ha ...

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After 4 yrs, UCO Bank out of corrective action
09 May

The RBI on Wednesday removed UCO Bank from its prompt corrective action (PCA) framework following improvement in various parameters and a written comm ...

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Print highly trusted by readers, effective platform for marketers
09 May

The print medium continues to be a highly trusted source of information for most consumers and hence also an effective platform for brands and markete ...

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Canada Pension Board to sell 2% stake in SBI Life
09 May

The Canada Pension Plan Investment Board (CPPIB) will sell a 2 per cent stake in SBI Life Insurance Company. The shares will be offered through the st ...

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Banks move against personal guarantors to recover dues of Corporate Debtor
09 May

Banks have taken the initiative to implement personal insolvency against defaulting promoters buoyed by the Supreme Court’s endorsement of the law in ...

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Cabinet to discuss bailout package for telecom today
08 May

The telecom sector, especially Vodafone Idea, is likely to get relief from the government — possibly as early as Wednesday — with anticipation of a pa ...

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Now get your shares next day, not after 2 days
08 May

You may not have to wait for two days to see your trades reflect in your account. Come 2022, the trading (buying or selling) will show up in your dema ...

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Generic tax notices: ITAT quashes Rs 57 lakh fine on Preity Zinta
08 May

An omnibus (non-specific) notice served by the income tax (I-T) department on actress and film producer Preity Zinta for alleged “concealment of incom ...

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No need to enter your full card details on e-tail sites
08 May

Customers will not have to input their credit card details on e-commerce sites they frequent even after the RBI rule barring storage of card data by m ...

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Financial bids for Air India by September 15
08 May

Air India divestment has entered its final, and most crucial, phase with qualified bidders expected to put in financial bids by September 15. The Tata ...

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Insolvency resolution pace slows by 45% in Q1
08 May

The pandemic and a shortage of members in the National Company Law Tribunal (NCLT) has slowed insolvency resolution by over 45% with cases taking near ...

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India’s mcap up over 2 times in 18 months, races past $3.5 trillion
07 May

The strong bull rally that had started in late March 2020, when global investors’ fear about the pandemic was at its peak, has taken India’s market ca ...

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HDFC Life to cap policies, channels’ share in sales
07 May

As part of its strategy to grow consistently, HDFC Life Insurance has decided to keep a cap on the share of products and distribution channels. Accord ...

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Axis Bank diversity charter to empower staff, clients
07 May

Axis Bank has taken several HR measures to bring equality to employees and customers from the LGBTQIA+ community as part of its strategy to promote di ...

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NCLT members’ absence may affect IBC reform
07 May

For the last few years, the Narendra Modi government has pointed to the Insolvency & Bankruptcy Code (IBC) as a key structural reform initiated by ...

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Black money proceedings: Wealth order saves Yash
07 May

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, as Yash Birla was earlier not held liable for wealth tax on funds with Gu ...

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Sebi bans 85 entities from capital markets for fraudulent trading
07 May

Sebi on Monday barred total 85 entities, including Sunrise Asian Ltd, from the capital markets for up to one year for manipulating the company's share ...

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33 companies set to make cut for Rs 12000 crore telecom incentives
06 May

The government has shortlisted 33 companies that would be awarded benefits under the Rs 12,195-crore production-linked-incentive (PLI) scheme for tele ...

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Queries for overseas study loans are increasing
06 May

As colleges and universities reopen globally and governments ease travel restrictions, students are resuming plans for overseas study, resulting in a ...

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Private companies can’t be used as benchmark to value LIC
06 May

Valuations of listed private life insurers cannot be a basis for the valuation of LIC, according to former Irdai member Nilesh Sathe.With the governme ...

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Reliance Retail set to launch saree, ethnic wear stores
06 May

Reliance Retail is set to launch a chain of stores under the brand name of Avantra to take on Tata Group’s Tanishq and Aditya Birla Fashion Retail (AB ...

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Forms for exemption from IT returns for senior citizens notified
06 May

The Income Tax Department has notified declaration forms that senior citizens aged 75 years and above need to file with the banks to get exemption fro ...

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Services sector expands at fastest pace in 18 months
04 May

Activity in the country’s crucial services sector rebounded in August and expanded at its fastest pace in 18 months as the pandemic receded, vaccine a ...

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Fast growing crypto business creates 10,000 jobs
04 May

There are more than 10,000 active job openings currently in the cryptocurrency segment in India, according to data obtained from specialist staffing f ...

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European firms expand technical presence in India
04 May

The pace at which European companies are establishing and expanding technology centres in India is accelerating, driven by the need for traditional fi ...

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HDFC Life acquires Exide’s insurance arm for Rs 6,687 crore
04 May

HDFC Life has agreed to buy Exide Life Insurance for Rs 6,687 crore, of which Rs 726 crore would be paid in cash. The rest would be paid by issuing 8. ...

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Maruti to recall over 1.8 lakh cars to inspect possible defects
04 May

India's largest car maker Maruti Suzuki on Friday announced its decision to recall some variants of its cars in order to inspect and rectify possible ...

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Mukesh Ambani promises a 'Jio' for energy transition
04 May

Reliance Industries Ltd chairman Mukesh Ambani on Friday unveiled his plan to do a 'Jio' in energy transition by producing green hydrogen for under $1 ...

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Apple may face CCI probe over in-app payment issue
03 May

There could be regulatory trouble for Apple in India over its dominant position in the apps market, with fair-trade watchdog Competition Commission of ...

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Tatas buy out Actis stake in Mumbai building owner
03 May

Tata Sons has bought out the stake held by financial investor Actis in Tril IT4, the owner of an 8-lakh-sqft commercial building in Mumbai. Actis’s 26 ...

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Rupee regains 72 level on bond issues, inflows
03 May

The rupee strengthened on Thursday to regain 72 levels intraday and touch the session’s high of 72.96 before closing at 73.07 — two paise higher than ...

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Exports grow 45% in August, trade deficit at 4-month high
03 May

Although exports are nearly $2 billion lower than July, when it hit a monthly record of $35.4 billion, August’s level is line with the asking rate req ...

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India’s startup ecosystem ranks 3rd
03 May

The Alliance of Digital India Foundation plans to rank India’s startup ecosystem among the Top 3 globally by 2030, with a focus on finding the right p ...

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Punjab National Bank Housing deal: Sebi moves SC
03 May

PNB Housing has informed the stock exchanges that markets regulator Sebi has approached the Supreme Court against a split order by the Securities Appe ...

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Semiconductor shortages makes car industry nervous ahead of festivals
02 May

The semiconductor shortage has come to haunt the Indian car industry ahead of the festive season as companies report subdued, and even lower deliverie ...

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Diesel sales see sharpest monthy fall since May
02 May

India’s August diesel sales recorded the sharpest monthly fall since May as the monsoon hit demands from the farm, trucking and construction sectors, ...

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Young first-time borrowers fire up personal loan market in India
02 May

Young adults, below 25 years of age, availing short-term low-value credit, are driving personal loans, which have grown 2.3 times by value and 3.8 tim ...

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Madras HC puts off 5-year motor insurance order till September 13
02 May

The Madras high court has kept its order on compulsory five-year bumper-to-bumper insurance for new vehicles with effect from September 1, 2021 in abe ...

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Manufacturing activity expands at slower pace as costs hurt
02 May

Activity in the country’s manufacturing sector expanded but at a slower pace in August as pandemic and rising input costs hurt, prompting firms to pau ...

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SBI raises Rs 4,000 crore from AT1 bonds
02 May

The State Bank of India (SBI) has raised Rs 4,000 crore of additional tier-1 (AT1) bonds, offering a coupon rate of 7.72%. This comes close on the hee ...

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NCLT orders freeze on accounts, assets of Videocon group
01 May

The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday ordered the Videocon group’s bank accounts frozen and properties attached foll ...

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Shoppers Stop sells Crossword Book Stores to franchisee
01 May

Shoppers Stop that operates a chain of department stores across India has sold its subsidiary Crossword Book Stores to the owners of its Pune-based fr ...

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Tatas against any cut in EV import duty for Tesla
01 May

The Tata Group, which leads the electric car market in India, has opposed a cut in import duty on electric cars — as demanded by Elon Musk and his com ...

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LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021
01 May

Life Insurance Corporation of India has said that its asset base has crossed Rs 38 lakh crore with total investments of Rs 36,76,170 crore and a life ...

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PayU buys payments co BillDesk for $4.7 billion
01 May

In a deal that will make PayU the biggest online payments processor in India, its parent Prosus will acquire BillDesk for $4.7 billion (close to Rs 35 ...

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GDP growth in Q1 records 20.1% recovery on low base
01 May

Economic growth soared to a record high in the April-June quarter due to a low base and a rebound in manufacturing and construction, as well as robust ...

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Chinese investment flows via hybrid route under lens
31 May

The government is reviewing the norms for use of some of the hybrid instruments for overseas investors after it came across instances of some Chinese ...

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Ola joins IPO rush, may raise up to $2bn
31 May

The list of startups approaching the capital markets for fund-raise is getting longer as the markets scale new peaks and investor appetite remains hig ...

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Airtel complains about govt levies, to hike tariffs
31 May

Complaining that 35% of a telco’s revenues end up with the government as levies, Airtel chief Sunil Mittal said the company has “run out of patience” ...

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iPad not PC, can’t be depreciated at 60% rate: ITAT
31 May

To you, your trusted iPad may be a handy computer. After all, in this work-from-home era, you use it to attend video-call meetings or even to draft a ...

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Q1 GDP growth seen at new high on recovery
31 May

The April-June GDP growth could turn out to be a record quarterly expansion as the economy recovers from the second wave of the pandemic and benefits ...

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Rs 1,975 crore collected via E-challans since Sept'19 for violations of traffic rules
31 May

Eighteen states and UTs have collected approximately Rs 1,975 crore fines through e-challans for violations of traffic rules since September 2019 when ...

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After Jio, Google now in talks to make large investments in Airtel
28 May

After its more than Rs 34,000 crore investment in Mukesh Ambani’s Reliance Jio Platforms, American internet giant Alphabet Inc’s Google could well be ...

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Indian Market Helping Us Improve Retail Globally: Walmart
28 May

Judith McKenna said learnings from the Indian operations have helped Walmart make improvements in its existing businesses as well as given it new busi ...

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RBI's digital currency likely to be launched by december
28 May

Reserve Bank of India (RBI) governor Shaktikanta Das recently revealed that the central bank could launch its digital currency as early as December th ...

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Government reviews consumer protection rules for e-commerce
28 May

The government has begun work on a “India-specific model” for the likes of Amazon and Flipkart to collaborate effectively with mom-and-pop stores. The ...

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Madras high court’s 5-yr motor cover order to hike car costs
28 May

The Madras high court verdict making 5-year ‘bumper-to-bumper’ motor insurance mandatory will increase the cost of vehicle acquisition by 8-10% of its ...

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China targets US IPOs, use of cloud, algorithms
28 May

China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the US, seeking to tighten up regulation ...

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Government prepares plan to hive off surplus land of PSUs
27 May

After unveiling the Rs 6-lakh-crore asset monetisation programme, the government has accelerated efforts to hive off surplus land and will soon seek C ...

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Make in India not followed in spirit: cabinet secretary
27 May

Cabinet secretary Rajiv Gauba has written to secretaries of various ministries, expressing dissatisfaction over the quantum of local sourcing and proc ...

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Barclays infuses Rs 3,000 crore in India to expand business
27 May

Barclays Bank has infused Rs 3,000-crore capital to expand its India operations. This is the single largest infusion made since inception — the last l ...

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Chinese tech stocks fall again after 3-day rally
27 May

Chinese technology shares fell sharply, snapping a three-day rally as earnings from a number of firms missed investor targets.The Hang Seng Tech Index ...

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Home loan transfers up 42% in January-June over prior 6 months
27 May

There has been a 42% rise in borrowers engaging in home loan balance transfers in the first half of the calendar 2021 as compared to the preceding six ...

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Mobile exports grew 250% year on year in April-June
27 May

Despite the impact of the second wave, mobile phone exports recorded a 250% year-on-year (Y-o-Y) growth in the April-June period.Mobile phones export ...

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FM to banks: Start credit outreach scheme from Oct
26 May

Finance minister Nirmala Sitharaman has asked bankers to begin a credit outreach programme from October. They have also been asked to meet industry as ...

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India startup funds top China in July after 8 years
26 May

Global venture capitalists and private equity investors are allocating more funds to India as China steps up regulatory clampdown on its tech companie ...

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Delhivery buys B2B company Spoton for Rs 1,600 crore
26 May

E-commerce logistics company Delhivery has taken over Spoton Logistics, by buying out stakes held by Samara Capital and Xponentia Capital, in a cash d ...

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LIC cuts fees for revival of lapsed policy
26 May

The Life Insurance Corporation (LIC) of India has launched a lapsed policy revival campaign. This allows customers to revive their policy with a conce ...

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Tata Sons FY21 profit up over 2 times on TCS buyback
26 May

Tata Sons profit more than doubled in fiscal 2021 on the back of gains made from participating in the share buyback programme of TCS. Profit zoomed 14 ...

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Ex-director of Microsoft arm gets 2 years in jail
26 May

Former Microsoft Ventures director and angel investor Mukund Mohan was sentenced to two years in prison in the US for perpetrating a scheme to fraudul ...

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Capacity utilisation at domestic refineries continues to rise in July
25 May

Capacity utilisation at domestic refineries rose to 91% in July compared to 83% a year earlier as fuel demand returned after lockdown restrictions wer ...

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Sending legal notice does not amount to abetting suicide: Delhi HC
25 May

Sending a legal notice and filing a criminal complaint does not amount to offence of abetment to suicide in spite of the presence of a suicide note, D ...

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Govt may permit foreign direct investment in LIC ahead of mega IPO
25 May

The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) to enable overseas investors to bu ...

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Nirmala Sitharaman asks India corporates to look beyond banks for finance
25 May

Finance minister Nirmala Sitharaman told India Inc on Tuesday that there is a move to enable the industry to meet its funding needs from markets rathe ...

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Infosys becomes fourth Indian firm to touch $100 billion market cap
25 May

Infosys has joined the elite club of Indian companies with $100 billion or more in market capitalisation. The only others are Reliance Industries, TCS ...

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Will Infosys be able to resolve tax portal glitches by September 15?
25 May

With the return filing deadline looming, will Infosys, the technology vendor for the income tax portal, be able to meet the September 15 deadline fixe ...

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Finance minister unveils Rs 6 lakh crore national asset monetisation plan
24 May

Finance minister Nirmala Sitharaman on Monday launched a four-year road map for a Rs 6-lakh-crore asset monetisation plan. A large chunk of this will ...

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Maruti fined Rs 200 crore by CCI on discount restriction
24 May

Fair play watchdog Competition Commission of India (CCI) has imposed a Rs 200-crore penalty on top car maker Maruti Suzuki for centrally controlling a ...

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HDFC Bank will issue 3 lakh cards a month, regain lost ground
24 May

HDFC Bank on Monday unveiled its plans to regain the market share it lost in credit cards during an eight-month ban on new issues. The bank said that ...

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Vacancies in cloud technology up 40% on high demand
24 May

Driven by the pandemic, 2020 saw immense growth in demand for cloud roles globally. India recorded a total of 380,000 job postings for cloud roles, a ...

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E-tailers can’t store your card data: RBI
24 May

One-click purchases at e-commerce sites may no longer be available to digital shoppers with the Reserve Bank of India (RBI) putting its foot down on c ...

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Fix tax portal glitches by September 15: FM to Infosys
24 May

Finance minister Nirmala Sitharaman on Monday asked Infosys, the technology vendor for the faulty income tax portal, to fix all glitches by September ...

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Government against merging ailing Vodafone Idea with BSNL-MTNL
23 May

The government is against the merger of beleaguered Vodafone Idea with state-owned BSNL and MTNL, multiple sources have told TOI.The stand comes weeks ...

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ITAT upholds tax treaty relief on delayed Tax Residency Certificate
23 May

A recent decision of the Mumbai bench of Income Tax Appellate Tribunal (ITAT) will be of immense help to nonresidents, such as globally mobile employe ...

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HDFC Bank, Paytm team up for digital payments
23 May

Two of the largest players in India’s payment ecosystem — HDFC Bank and Paytm — have come together to share their networks and jointly offer payment s ...

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IBA seeks licence to set up Rs 6,000-cr bad bank, RBI nod soon
23 May

The Indian Banks' Association (IBA) has moved an application to the Reserve Bank of India (RBI) seeking licence to set up a Rs 6,000-crore National As ...

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New DFI management to take a call on IIFCL merger
23 May

The government has decided to leave it on the new management of the development financial institution (DFI) to decide on a merger of India Infrastruct ...

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Tax portal still not working, FM summons Infosys CEO today
23 May

With the new income tax portal continuing to face glitches and remaining unavailable for the last two days, the Finance Ministry has summoned Infosys ...

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Taxes on fuel trigger worry RBI for likely inflation
21 May

The government's move to pass on increases in global crude oil price to consumers, but prevent corrections through higher taxes, has raised concerns o ...

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Many Indian companies slip in global valuation ranking
21 May

Reliance Industries has emerged as the most valued Indian company in a global list of top-500 non-State run companies, but saw its ranking slipping by ...

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Jewellers plan token stir against Hallmarking
21 May

Jewellers have decided to go on a nationwide token strike on Monday, August 23, 2021 to protest against what they called the ‘arbitrarily implemented ...

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Venture capital funding: Startups raise $17 billion
21 May

Indian startups got $16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, Global-D ...

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Draft rules for e-tail spoil Tata, Adani’s super app plans
21 May

Indian conglomerates will find their e-commerce play significantly impacted, especially their development of apps, if the draft consumer rules that pr ...

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Microsoft acquires $5 million stake in Oyo, values company at $9 billion
21 May

US tech giant Microsoft has acquired a strategic stake in homegrown hotel chain Oyo for $5 million, valuing the startup at around $9 billion before it ...

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Jet employees move NCLAT, say worried about dues, jobs
20 May

Jet Airways staffers have moved the National Company Law Appellate Tribunal (NCLAT) challenging certain aspects of the Kalrock-Jalan consortium’s reso ...

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HDFC Bank raises $1 bn via AT-1 bonds at 3.7%
20 May

HDFC Bank has mobilised $1 billion (over Rs 7,400 crore) through an additional tier-I (AT-1) perpetual bond issue at a coupon rate substantially lower ...

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Government plans relief for defaulting exporters
20 May

The commerce department on Thursday promised to resolve several concerns of exporters — from relief for defaulters under some of the schemes to rising ...

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Cars24 set to raise $350 million at nearly $1.8 billion valuation
20 May

Cars24, an online marketplace for pre-owned cars, is set to close in on a $350-million funding round that would value the company at around $1.8 billi ...

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Birla Sun Life cuts term rates as vaccinations rise
20 May

Going against the trend, Birla Sun Life Insurance (BSLI) has decided to reduce its pricing on term policies. At a time when insurers are wary of large ...

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PC market expands 50% YoY in April-June
20 May

The Covid second wave and the resulting indefinite closure of educational institutions has led to an increase in shipments of desktops, laptops and ta ...

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New Taliban regime casts shadow on India business in Afghanistan
19 May

Taliban seizing control in Afghanistan presents a fresh challenge to Indian companies inking new business deals in the strife-torn nation.Though compa ...

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With $19.2 billion, DMart owner breaks into world top 100
19 May

Radhakishan Damani, the main promoter of organised retail chain DMart, is now among the top 100 richest people in the world. With a net worth of $19.2 ...

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Jan Dhan: Women save more than men
19 May

Average balances maintained by women in Jan Dhan Yojana accounts are 30% more than men, according to an industry report.The study, published by Women’ ...

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Industry seeks review of tax refund scheme
19 May

The tax refund scheme for exporters that has ignored strategic sectors like pharmaceuticals, chemicals and iron & steel has raised concerns, with ...

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Voda Idea falls Rs 150 crore short on payment of licence fee
19 May

As it fights a desperate survival battle amidst heavy losses and mounting debt, Vodafone Idea has failed to pay the full licence fee to the government ...

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US blocks Taliban access to Afghan central bank assets
19 May

The Biden administration has blocked access to Afghan central bank assets in the US to ensure that they are not available to the Taliban, an administr ...

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HDFC Bank can issue credit cards as RBI eases restrictions
18 May

The Reserve Bank of India (RBI) has allowed HDFC Bank to issue credit cards to new customers in a partial rollback of the restrictions imposed by the ...

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India asks US court to reject Cairn Energy’s $1.2-bn suit
18 May

The Indian government has asked a federal court in Washington to dismiss Britain’s Cairn Energy suit seeking enforcement of a $1.2-billion arbitral aw ...

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Financial inclusion grew 24% across FY17-21: RBI
18 May

The Reserve Bank of India (RBI) has said that there was a 24% improvement in financial inclusion (FI) as measured by RBI’s FI-Index between March 2017 ...

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2021 may turn out to be India's year of IPO: RBI
18 May

The year 2021 could turn out to be India's year of IPO with the domestic unicorns through their public issues setting "domestic stock markets on fire ...

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I-T deptt. raids at Chinese telecom vendor ZTE over tax evasion.
18 May

The Income Tax (I-T) department has raided the offices of Chinese government-controlled telecom vendor ZTE in India, and is questioning the CEO of the ...

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VPN use in India grows over 600% in first half of 2021
18 May

Increased instances of internet shutdowns, rise in demand for streaming geo-blocked entertainment content, and business use cases for remote work led ...

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Diesel sales fall 15% from July in August fortnight but annual growth continues
17 May

India’s fuel consumption fell in the first fortnight of August from a month ago as the rush of demand after lifting of a second round of Covid-19 curb ...

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E-tail may beat modern trade by FY26
17 May

Covid has led to a 12-month acceleration of e-retail penetration in India and could lead to the segment outgrowing modern trade by FY26.For the year e ...

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In sudden step, Sebi bans futures contracts in chana
17 May

Markets regulator Sebi late on Monday asked leading agro commodities trading bourse NCDEX to not launch any futures contracts on chana (gram/chickpea) ...

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SBI cuts interest rates on retail loans, waives fees
17 May

State Bank of India (SBI) has cut interest rates on gold and auto loans by 75 and 25 basis points (100bps = 1 percentage point) respectively. The redu ...

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Government readies crypto bill, works on listing tax issue
17 May

Finance minister Nirmala Sitharaman on Monday said that the government was working to sort out the tax issues for overseas listing of Indian companies ...

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Finance minister blames UPA’s oil bonds for rising fuel prices
17 May

Accusing the UPA of “trickery”, finance minister Nirmala Sitharaman on Monday said the Modi government was paying for the Rs 2.5 lakh crore liability ...

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Bombay HC stays some provisions of new IT rules
16 May

In an interim order, the Bombay high court on Saturday stayed some provisions of the government’s new Information Technology rules that pertain to t ...

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Villagers protest against encroachment of farmers’ land by solar company
16 May

Villagers at Uttamnagar Lal Karada gram panchayat here staged a protest outside the collectorate on Saturday against a renewable power company alleg ...

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Advise private employers to give 5% quota in jobs to disabled: Labour & employment secretary
16 May

The state’s labour and employment secretary Neeraj K Pawan has written to RSLDC, labour commissioner, directorate of technical education, director ES ...

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Judges will receive green, orange and red indicators depending on the number of adjournments given in a case
16 May

As part of “ease of doing business” reforms in the justice delivery system, for the first time judges will receive green, orange and red indicators ...

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India Inc must invest in startups to help retain local talents: Piyush Goyal
16 May

Commerce and industry minister Piyush goyal on Saturday suggested that Indian companies could make early stage investment in home-grown sta ...

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Amid Covid-19 pandemic, demand for e-learning on government portal increase
16 May

With over one crore enrolments in less than two years, the government’s online platform Swayam has seen a massive jump in demand as colleges were forc ...

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Due to covid, SpiceJet's net loss widens to Rs 729 cr in Q1
14 May

SpiceJet reported a standalone net loss of Rs 729 crore for the June quarter as the operations were significantly hit due to the continued impact of C ...

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Adi Godrej is stepping down from the board of Godrej Industries
14 May

Adi Godrej is stepping down from the board of Godrej Industries — both as chairman and director — which makes it the last of the listed firms of the R ...

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Lenders’ decisions questioned in Videocon and Siva industries case
14 May

A series of judgments in the Supreme Court has established the unbridled power of the committee of creditors (CoC) in insolvency cases. However, the C ...

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Central Board of RBI reviews current economic situation
14 May

The Central Board of RBI on Friday reviewed the current economic situation and the recent policy measures taken by the Reserve Bank to mitigate the ad ...

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Domestic flyers hit 50 lakh in July, up 61% from June 2021
14 May

With the deadly Covid’s second wave subsiding, India saw 50.1 lakh people fly within the country this July — up 61% from 31.1 lakh in the previous mon ...

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Eruditus raises $650 million from Accel and SoftBank
14 May

Eruditus has raised $650 million in a new funding round led by venture capital firm Accel US and Japan’s SoftBank Vision Fund II, according to a top e ...

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Government will do ‘everything’ to revive growth:FM
13 May

The government is committed to doing everything that is required to revive the economy, finance minister Nirmala Sitharaman said on Thursday as she as ...

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NCLT orders liquidation of Siva Industries
13 May

The National Company Law Tribunal (NCLT), Chennai, has rejected a one-time settlement offer made by the erstwhile promoters of Siva Industries and Hol ...

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NCLT orders liquidation of Siva Industries
13 May

The National Company Law Tribunal (NCLT), Chennai, has rejected a one-time settlement offer made by the erstwhile promoters of Siva Industries and Hol ...

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Retail inflation at 3-month low in July, June factory output up 13.6%
13 May

Retail inflation eased to a three-month low in July on the back of moderating food prices pushing it a shade below the upper band of the Reserve Bank ...

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Akasa ahoy: Boeing 737 Max may be allowed to fly again in India soon
13 May

India is likely to allow the grounded-since-March-2019 Boeing 737 Max to fly again within the country in coming weeks.Billionaire investor Rakesh Jhun ...

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FMCG market in India expands 37% in April-June quarter
13 May

The fast moving consumer goods (FMCG) market in India grew 36.9 per cent year-on-year in the April-June quarter despite lockdowns in various parts of ...

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Zee Entertainment insider trading: Sebi bars 15 entities
13 May

The Securities and Exchange Board of India (Sebi) on Thursday barred 15 entities, including individuals, from the capital markets for indulging in ins ...

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Reforms a conviction, not compulsion: PM Modi
12 May

Prime Minister Narendra Modi said on Wednesday that his government was able to undertake difficult reforms because it is acting out of conviction rath ...

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ATM companies are cautious of RBI’s Rs 10,000 cash-out fine
12 May

There is a mixed reaction to the move by the Reserve Bank of India (RBI) to penalise banks Rs 10,000 for each instance of an ATM being out of cash for ...

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Revenue secretary commits stable tax regime
12 May

Raising the rates of taxes to increase the tax-GDP ratio may not be the answer, a top finance ministry official said on Wednesday and assured industry ...

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Govt. to complete Air India, Bharat Petroleum disinvestment in 2021-22
12 May

Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.The gove ...

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PwC India to invest Rs 1,600 cr, create 10,000 additional jobs over 5 years
12 May

Global consultancy firm PwC India on Wednesday said it will invest up to Rs 1,600 crore and create additional 10,000 jobs in the next five years.Annou ...

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Yes Bank seeks partners for asset recast company
12 May

Yes Bank has invited bids from potential partners for a proposed asset reconstruction company that will undertake recovery of bad loans. Management co ...

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Blockbuster week with Rs 14k crore mop-up in 4 iPO's
11 May

The IPO frenzy on Dalal Street continued with four offers together this week trying to mobilise about Rs 14,600 crore, making it one of the bus ...

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Reliance eyes T-Mobile Netherlands company
11 May

Reliance Industries is weighing a bid for Deutsche Telekom’s subsidiary T-Mobile Netherlands, according to people familiar with the mat ...

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Zomato loss rises by 260% to 360crore in Q1
11 May

Zomato’s consolidated loss widened to Rs 360 crore in the first quarter ended June, from Rs 100 crore a year earlier, as expenses rose. That’s a rise ...

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Visible signs of economy's revival as per finance minister
11 May

There are visible signs of economic rejuvenation since the second half of May, with the second wave of the pandemic abating in most parts of the count ...

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Piyush Goyal agrees that big e-retailers' influence small players
11 May

Commerce and industry minister Piyush Goyal on Tuesday slammed large e-commerce companies and flagged the influence they wield over small players in I ...

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Construction equipment sector sees top gear domestic sales
11 May

The pandemic year has turned out to be a top gear one for the construction equipment segment which is riding on the government infra spend to see a mo ...

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Amazon, Cloudtail to end partnership
10 May

Cloudtail India, a top seller on Amazon’s marketplace, is going to stop operations from May 2022. This follows Amazon and NR Narayana Murthy-owned Cat ...

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Hero MotoCorp plans big on EVs, risking investment at any cost
10 May

Pawan Munjal, chairman of Hero MotoCorp, has said the company is ready to shed its ‘old guard’ stance and play the startup game — including getting in ...

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After 5G, Tatas gear up for chip manufacturing
10 May

Days after it announced its entry into production of 5G network equipment, the Tata Group is gearing up for a play in semiconductor manufacturing. The ...

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Flipkart case: Indemnity clause may shield Walmart
10 May

Flipkart founders, Sachin and Binny Bansal, along with some of the investors may have to bear the burden for alleged violation of FEMA by the e-commer ...

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You can soon buy Google, Apple shares on NSE IFSC
10 May

Indian investors will soon be able to buy and sell shares of Google, Amazon, Microsoft and other US-listed companies through NSE’s GIFT City arm in th ...

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SC upholds CCI probe into Amazon, Flipkart
10 May

The Supreme Court on Monday green-lighted the investigation ordered by the Competition Commission of India (CCI) into alleged anti-competition agreeme ...

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Merger helps Bank of Baroda step up retail loans: CEO
09 May

The merger of Vijaya Bank has given Bank of Baroda a lead in retail lending, particularly loans against jewellery, which rose 35% to be one of the fas ...

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Tech Mahindra to cut dependence on Indian talent base
09 May

Tech Mahindra is looking to ramp up hiring in its delivery centres across eastern Europe and Latin America over the next few years to diversify its ta ...

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Kirloskar Electric chief moves Sebi against two nephews
09 May

The dispute in the Kirloskar family has reached Sebi’s doors. Vijay Kirloskar, chairman, Kirloskar Electric, has written to Sebi chairman after one of ...

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B2B e-commerce co Udaan may raise debt funding
09 May

Business-to-business (B2B) e-commerce startup Udaan may look at new ways to raise capital, including debt funding from global institutional investors, ...

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Godrej & Boyce’s digital push to boost consumer-focus drive
09 May

The privately held Rs 11,500-crore Godrej & Boyce Manufacturing Company (G&B), which has partnered in India’s space missions, has undertaken a ...

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Sebi amends rules to empower independent directors
09 May

Capital markets regulator Sebi has overhauled the rules pertaining to the appointment, removal and remuneration of independent directors to ensure the ...

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SC upholds Singapore order against Reliance-Future Retail deal
07 May

The Supreme Court on Friday said Singapore’s Emergency Arbitrator (EA) award, restraining Future Retail from going ahead with its merger deal with Rel ...

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RBI raises inflation forecast but holds rates
07 May

Reserve Bank of India (RBI) governor Shaktikanta Das demonstrated that the central bank is prepared to do whatever it takes to nurture the `nascent an ...

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Sebi looks to do away with promoter concept
07 May

With the definition of a promoter undergoing a change as a large number of private equity and venture fund-led companies are getting listed on the bou ...

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Chip shortage hits Mahindra and Mahindra production
07 May

Homegrown automotive major Mahindra and Mahindra (M&M) is weighing scaling down of production due to the ongoing global semiconductor chip shortag ...

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Mid-tier IT firms outperform larger peers
07 May

Indian mid-tier IT companies are having a great run. Better, in some ways, than their larger counterparts. Several of them had double-digit dollar rev ...

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Bonds, stocks slide on RBI, SC move
07 May

Friday was a busy day for the bond and stock markets both with decisions by the Supreme Court and the RBI impacting investor sentiment. In the governm ...

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Govt moves to abolish retrospective tax changes
06 May

The government is hoping that the amendments to the retrospective taxation provision - which are aimed at ensuring prospective application of the prov ...

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Flipkart Served INR 10,600 Cr ED Notice For Forex Violations
06 May

The Indian anti-money laundering watchdog Enforcement Directorate (ED) has slapped a show-cause notice under the foreign exchange management Act (FEMA ...

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Trade hit as cost of freight from China surges 200%
06 May

Trade, both export and import, has been severely impacted, with sea freight costs from China shooting up 200% from pre-pandemic levels.The sky-rocketi ...

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SaaS co MindTickle 20th unicorn in '21
06 May

Sales readiness platform MindTickle has raised an additional $100 million in series-E funding led by SoftBank Vision Fund 2. Existing investors Norwes ...

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HDFC Bank postpones HDB's IPO plans
06 May

HDFC Bank has decided to shelve IPO plans of its subsidiary HDB Financial Services. The NBFC arm will focus on further improving its technology platfo ...

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$400 billion exports plan to take off
06 May

Led by petroleum products, gems and jewellery, and engineering goods, India’s exports rose 47.9% on-year to a record $35.17 billion in July.Preliminar ...

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Kumar Mangalam Birla steps down as Vodafone Idea chairman
05 May

Kumar Mangalam Birla on Wednesday stepped down as non-executive chairman and a director from the board of telecom major Vodafone Idea as the company b ...

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Sensex hits 54k for 1st time as China-wary FPIs bet on India
05 May

Led by financials, the sensex crossed the 54,000-mark for the first time early on Wednesday as foreign funds continued to pour money in India as they ...

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Airtel seeks govt support for telcos, says India needs 3 companies
05 May

Bharti Airtel on Wednesday echoed rival Vodafone Idea’s plea for a government support for the telecom industry, asserting that a large country like In ...

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Services sector shrinks for third successive month in July
05 May

India’s services sector contracted for the third month in a row in July, with fresh job losses for the eighth successive month, as per the Purchasing ...

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Sebi aims to deepen bond, ETF mkts with new tools
05 May

‘Market making’ is expected to emerge as an important tool for Sebi to help develop the corporate bond space as well as the exchange traded funds (ETF ...

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RBI extends current a/c rules implementation deadline to October 31
05 May

The Reserve Bank on Wednesday allowed time to banks till October 31 to implement changes on the current account front, following reports of small busi ...

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Voda Idea lenders worried about failure of repayment from telco giant
04 May

A day after Kumar Mangalam Birla’s letter warning that Vodafone Idea (VIL) may reach an “irretrievable point of collapse” became public, banks are wor ...

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Airtel profit in Q1 at Rs. 284cr, sales up 15%
04 May

Bharti Airtel on Tuesday reported a net profit of Rs 283.5 crore in the first quarter (Q1) ended June 30 of 2021-22. This was much lower than the cons ...

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Byju’s acquires Bengaluru-based AR company Whodat
04 May

Byju’s has acquired Bengaluru-based computer vision and AR startup Whodat Tech. The deal value was not disclosed. Founded in 2013 by Sriram Ganesh and ...

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Settled over 90% debt: Zee’s chairman Subhash Chandra
04 May

Essel Group chairman Subhash Chandra said on Tuesday he has cleared more than 90% of his debt and will settle remaining dues before the end of the fis ...

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No error of judgment in sale of HFC arm to Carlyle: PNB
04 May

Punjab National Bank MD & CEO S S Mallikarjuna Rao said on Tuesday that there was “no error of judgment” concerning the decision to issue preferen ...

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Nykaa files for Rs 4,000 crore IPO
04 May

Beauty and fashion retailer Nykaa has filed a draft red herring prospectus for an IPO. It plans to offer fresh equity shares worth Rs 525 crore and an ...

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Birla offers Voda Idea stake to government
03 May

Unable to work out a revival for the ailing telcom company Vodafone Idea (VIL), company chairman Kumar Mangalam Birla has offered his group’s stake to ...

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Policybazaar files for Rs 6,000-crore IPO
03 May

PB Fintech, parent entity of online marketplaces Policybazaar and Paisabazaar, has filed its draft red herring prospectus (DRHP) with markets regulato ...

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Companies offer big hikes to women in hiring rush
03 May

Women professionals, especially those in the IT sector, may never have had it so good, with diversity hiring being the highlight of the season. Not on ...

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IT comapnies attract employees with bonuses & bikes
03 May

It’s raining jobs in Indian IT. But there aren’t enough qualified people. So resignations are soaring in the $195-billion industry. Everyone’s poachin ...

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US-based social marketplace Poshmark to enter India
03 May

In a move that could be a potential game changer for the Indian online fashion ecosystem, US-headquartered Poshmark, a social shopping marketplace spe ...

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Railways sees highest freight loading ever
03 May

The Indian Railways has registered its highest-ever freight loading for July, which is nearly 13% more than its earlier best of 99.4 million tonnes in ...

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Venugopal Dhoot moves NCLAT against Vedanta’s Videocon plan
02 May

Venugopal Dhoot has challenged the National Company Law Tribunal’s approval for the resolution plan of Vedanta’s Twin Star Technologies for Videocon G ...

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Sterlite Power Transmission hires two banks for IPO
02 May

Sterlite Power Transmission Ltd., controlled by billionaire Anil Agarwal, has hired JM Financial and Axis Capital for a planned initial public offerin ...

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Give jobs data faster every quarter: Finance ministry to statistics ministry
02 May

The finance ministry has asked the statistics ministry to put in place a quarterly employment data mechanism, which should be released with a month’s ...

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Diageo India offer both genders parental leave of 26 weeks
02 May

Diageo India offers 26-week parental leave to all employees, irrespective of genderDiageo India has rolled out a 26-week parental leave policy to all ...

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RBI understands the ploy of banks for using FD-OD route to continue the current A/C
02 May

Banks are cutting new deals with corporates to dodge a recent Reserve Bank of India (RBI) rule. The tactic is not going down well with the regulator, ...

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Car sales remain high in July 2021
02 May

As the festive season comes closer, auto companies started stocking up at dealerships and reported a healthy growth in wholesale numbers in July. Exce ...

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New IDBI owners may get RBI road map to cut stake
31 May

The Reserve Bank of India (RBI) is expected to provide a road map to the new owners of IDBI Bank for reducing their stake as the government seeks to s ...

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Microsoft to buy stake in oyo at $9bn valuation
31 May

Tech major Microsoft is set to invest in hospitality chain Oyo, which will give the startup a valuation of $9 billion, two sources aware of the develo ...

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Banks disburse over Rs 2 lakh crore under ECLGS till mid-July
31 May

Nearly 17 months after the launch of the Emergency Credit Line Guarantee Scheme (ECLGS), banks have sanctioned Rs 2.76 lakh crore, with disbursals add ...

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Eight core sectors' production up 8.9% in june on low base
31 May

Output at India’s eight core sectors grew by 8.9% in June but the pace remained below the production levels seen before the COVID-19 pandemic as well ...

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Banks’ jewellery, auto auctions to rise
31 May

The second quarter of the current fiscal could see a surge in an auction of retail assets by lenders, particularly jewellery and cars offered as colla ...

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Average retail prices of edible oils rise up to 52% in July: Govt
31 May

Average prices of edible oils in retail markets have increased by up to 52 per cent in July compared to the year-ago period, according to official dat ...

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Govt is ready to revamp pension law
30 May

The government is ready with amendments to the law to allow the Pension Fund Regulatory & Development Authority (PFRDA) offer more flexibility to ...

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India needs to grow 8-10% to reach pre-pandemic levels
30 May

The Indian economy might be able to reach the pre-pandemic level if it grows in 8-10% range as several high frequency indicators have reached the pre- ...

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With 39 Lakhs retail applications, Glenmark Life biggest pharma IPO
30 May

The continuing IPO frenzy on Dalal Street reached a new high on Thursday with the offer for Glenmark Life Sciences closed with over 39 lakh retail app ...

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Tatas buy Tejas for Rs 2.9k cr to push enterprise telecom play
30 May

Tata Sons is buying Tejas Networks, a publicly listed company offering data networking products to telecom operators and internet service providers fo ...

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Hybrid working moves info to where people are
30 May

Flexibility now extending beyond offering employees the choice to work from anywhere, a changing definition of ‘employee’, and organisations creating ...

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Small biz hit as banks freeze current a/cs
30 May

Small businessmen are facing the heat as banks rush to adhere to RBI’s July 31 deadline on a directive on current accounts. The central bank has said ...

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Automobile platform Droom joins unicorn club
29 May

Automobile platform Droom has joined the unicorn club with a valuation of $1.2 billion, raising $200 million in pre-IPO round. Apart from several exis ...

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RBI opens up centralised payment systems for non-banking institutions
29 May

Issuers of prepaid cards and digital wallets can now access the National Electronic Fund Transfer (NEFT) and Real-Time Gross Settlement (RTGS) systems ...

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India was a significant contributor to Apple’s growth in last quarter: CEO Tim Cook
29 May

India was a significant contributor to Apple’s growth in its quarter ended June. In an earnings call, Apple CEO Tim Cook said, “We set a new June quar ...

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Airtel increases Entry Pre-Paid Tariffs After 20 Months
29 May

Airtel raised the minimum rates for prepaid customers after nearly 20 months, the decision was made days after the company had made changes to the cha ...

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SEBI Fines Raj Kundra and Shilpa Shetty for Insider Trading
29 May

The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 3 lakh on actor Shilpa Shetty, her husband and businessman Raj Kundra an ...

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Lok Sabha passes Insolvency and Bankruptcy Code Amendment Bill, 2021
29 May

The Insolvency and Bankruptcy Code (A) Bill, 2021 has been cleared amid Opposition clamour in the Lok Sabha. Due to the opposition's ruckus, the Parli ...

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Unclaimed funds with banks, insurance cos near Rs 50k crore
28 May

Funds lying unclaimed with banks and insurance companies are nearing the Rs 50,000-crore mark, with an estimated addition of Rs 5,977 crore into bank ...

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Dr Reddy’s tanks 10% on news of US legal action
28 May

The Dr Reddy’s Laboratories scrip tanked over 10% on Tuesday, which ended up pulling the BSE sensex down, after the company admitted that it could fac ...

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B2B co Nium becomes latest unicorn with $200mn mop-up
28 May

Prajit Nanu-founded Nium (formerly Instarem) has raised $200 million in a series-D funding at a valuation of over $1 billion. This makes it South Asia ...

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Paytm to hire over 20,000 sales executives ahead of IPO
28 May

Paytm is hiring over 20,000 field sales executives across the country, ahead of its initial public offering (IPO). The move by the fintech major comes ...

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Hyundai enters Gurugram with Rs 2,000 crore
28 May

With a Rs 2,000-crore investment plan in tow, Hyundai landed in Gurugram with great fanfare, setting foot into the millennium city, which is known as ...

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Stimulus not enough, need to push demand: Parliamentary panel
28 May

Describing the stimulus packages announced by the government as “inadequate”, a parliamentary panel has suggested that the government should put in pl ...

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Byju’s buys Toppr, Great Learning in $750 mn deal
27 May

Edtech unicorn and India’s most valuable startup Byju’s is continuing its acquisition spree by buying after-school learning app Toppr and upskilling p ...

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If Tesla decides to manufacture cars in India, Govt may lower import duty.
27 May

American electric-car maker Tesla has approached the government to seek lower import duty on its vehicles. It may be noted that GST on electric vehicl ...

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NCLAT’s stay on the Videocon Resolution plan turns the clock back, say legal experts
27 May

The recent order of the National Company Law Appellate Tribunal (NCLAT) to stay the operation of the tribunal’s ruling in Videocon Industries Ltd (VIL ...

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IBC bill in Lok Sabha; Pre-packaged insolvency solution on offer
27 May

Finance Minister Nirmala Sitharaman on Monday introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 in Lok Sabha.The Bill seeks to amen ...

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Tata Motors nearly halves April-June loss to Rs 4.5k cr
27 May

Tata Motors narrowed its quarterly losses from a year earlier, although India’s largest automaker is still some way from becoming profitable even as i ...

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CarTrade Tech gets SEBI nod for ₹2,000 crore IPO
27 May

CarTrade Tech on Monday received market regulator Securities and Exchange Board of India’s (SEBI) nod for the Initial Public Offering (IPO) to raise a ...

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

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

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 May

The Finance Ministry on Friday said