Breaking News
NEWSFEED
Cash Strapped govt to fast-track ₹4 Lakh crore of 4G spectrum sale
28 May

The government is speeding up plans to auction 4G spectrum worth more than ₹4 lakh crore .An inter-ministerial note being drafted is likely to be pres ...

Read more orange-arrow
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
28 May

Indian banks may need to raise $20-50 billion capital in the next two years as bad loans and credit costs rise due to the Covid-19 induced slowdown in ...

Read more orange-arrow
ICAI aims for transparency in Covid-era accounting
28 May

 In the pre-pandemic era, it was relatively simple to answer about the question of company's ability to survive its operations in future. But,Tod ...

Read more orange-arrow
Corporates present that loss of revenue, labour supply and logistic are the top worries.
28 May

A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, disclosure ...

Read more orange-arrow
Government tracks package rollout to gauge impact on ground
28 May

The government is closely monitoring economic activity as a gradual relaxation in lockdown leads to reopening of businesses to see how the Rs 20 lakh ...

Read more orange-arrow
Blanket ban on recovery impractical, say bankers
28 May

 Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket ...

Read more orange-arrow
Firms may get input tax credit for masks, PPEs
27 May

The government could allow companies to claim input tax credit for personal protective equipment (PPE) kits, sanitisers, masks and other such goods di ...

Read more orange-arrow
Auto companies stare at bleak wholesale numbers in May.
27 May

While most auto manufacturers have opened their plants after lockdown, the entire production ecosystem is yet to fall in place as support from their s ...

Read more orange-arrow
20 million back in the job in May as lockdown eases.
27 May

About 20 million workers came back into employment in May as the government eased the nationwide lockdown to counter Covid-19 outbreak, according to a ...

Read more orange-arrow
Land acquisition rules for road projects take a hit.
27 May

 Land acquisition for road projects has taken a hit, as district officials who carry out the activity are busy on Covid-19 duty.
While this af ...

Read more orange-arrow
Govt may get RBI to monetise deficit.
27 May

The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio ...

Read more orange-arrow
Non- MSMEs to get cheap govt guaranteed loans too.
27 May

Many businesses like hotels, restaurants and service providers — other than micro, small and medium enterprises (MSMEs) — will be eligible to receive ...

Read more orange-arrow
Covid-19 cases in factories don't deter manufacturers.
26 May

 Even after an employee at Maruti Suzuki, has tested positive for Covid-19 and in Hyundai Motor India, three people tested positive ,the discover ...

Read more orange-arrow
Input tax credit not applicable on donating medical kits, ventilators, masks under GST
26 May

Companies that donated equipment to the government during the Covid-19 crisis will likely be denied the benefit of input tax credit under the goods an ...

Read more orange-arrow
Medium company turnover limit may be doubled for MSME benefits
26 May


 The government may enhance the turnover limit for a medium enterprise to ₹200 crore to allow more units to avail the benefits announced for ...

Read more orange-arrow
Minimum wage hike may be deferred this year.
26 May


The government could defer mandatory increase in minimum wages for a year in a move that could result in an annual saving of Rs 7,500 crore for th ...

Read more orange-arrow
Asset reconstruction companies (ARCs) are seeking liquidity support from the RBI
26 May

 Asset reconstruction companies (ARCs) are seeking liquidity support from the Reserve Bank of India’s initiative to provide long-term funds at re ...

Read more orange-arrow
Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
26 May

 Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through ...

Read more orange-arrow
Jaypee Infratech, parent firm face fraud probe
26 May

The government has ordered a probe against Jaiprakash Associates (JAL) and Jaypee Infratech, both facing insolvency resolution, by the Serious Fraud I ...

Read more orange-arrow
Centre likely to fast-track changes for uniform flexi labour laws
25 May

The Centre could tweak labour law changes and fast-track their implementation to supersede ordinances issued by three BJP-ruled states to ensure unifo ...

Read more orange-arrow
NBFCs face repayments of Rs. 76k cr in three months as bond mature.
25 May

Non banking finance companies (NBFCs) may have got a moratorium from banks on their loan payments but over Rs 76,000 crore of repayments in the debt m ...

Read more orange-arrow
NCLAT bars appointment of bank ex-employee as RP.
25 May

An appellate tribunal upheld NCLT order prohibiting appointment of a former bank official as a resolution professional (RP) of a bankrupt company due ...

Read more orange-arrow
DPIIT to seek nod for startup credit scheme, seed fund.
25 May

The Department for Promotion of Industry and Internal Trade (DPIIT) will soon approach the Cabinet with a proposal to create a Startup India seed fund ...

Read more orange-arrow
Oil, gas giants may get tax sop as govt works on lifeline
25 May

The government is stitching together a package of measures to help domestic oil producers pull through the price crash and the uncertainty in the glob ...

Read more orange-arrow
NHAI begins search for long-term funds amid fears of revenue crunch.
25 May

The National Highways Authority of India (NHAI) has started work on new strategies to tap long-term investment from different sources, including insur ...

Read more orange-arrow
After 41 years, RBI sees GDP shrinking.
23 May

The Indian economy is expected to contract for the first time in nearly 41 years, while the outlook for inflation remains uncertain, Reserve Bank of I ...

Read more orange-arrow
Amazon to hire 50,000 more for delivery, supply.
23 May

 Amid the gloom of job cuts due to the impact of the Covid-19 pandemic on businesses, Amazon India is looking to hire 50,000 seasonal, or tempora ...

Read more orange-arrow
Reliance Jio sells 2% stake to KKR for $1.5 billion.
23 May

Continuing with its string of share sales in Jio Platforms to global investors, Reliance Industries (RIL)  agreed to sell 2.32% in the telecom-cu ...

Read more orange-arrow
Loan rejig will happen only after lockdown ends.
23 May

Restructuring of loans may happen only after the lockdown ends as it is only then that banks will get an idea of the cash flows of various borrowers. ...

Read more orange-arrow
Covid has hit income of 60% households.
23 May

Covid-19 has hit the income of around 60% households across India, showed a survey. The study, conducted by Nielsen across 12 cities, also discovered ...

Read more orange-arrow
RBI slashes key rate 40 basis points to new all-time low.
23 May

The Reserve Bank of India  unexpectedly cut key interest rates by 40 basis points, citing negative GDP growth in the current fiscal amidst a "dou ...

Read more orange-arrow
Deposits rise over Rs 2.8 lakh crore in six weeks of lockdown.
22 May

Bank deposits have risen by over Rs 2.8 lakh crore in three fortnights of the lockdown till May 8, while bank credit during the period dipped by Rs 1. ...

Read more orange-arrow
Cop canteens has withdrawn order that put fresh procurement on hold.
22 May

In what has come as a breather for multinational companies in India, the central police welfare stores body, Kendriya Police Kalyan Bhandar (KPKB) can ...

Read more orange-arrow
Government expected to prioritise expenditure
22 May

 The government is expected to prioritise expenditure on sectors such as healthcare, food and transporting migrants over areas such as culture, s ...

Read more orange-arrow
Banks will pay to the government a fee of 0.25% for governemnt guarantee.
22 May

To get a government guarantee against defaults on the bonds or the loans that they buy from finance companies, banks will pay to the government a fee ...

Read more orange-arrow
Aditya Birla MF suspends fresh inflows into two debt schemes
22 May

Aditya Birla Sun Life Mutual Fund has temporarily suspended fresh investments in two of its debt schemes ,Medium Term Plan and Credit Risk Fund.
Th ...

Read more orange-arrow
Finance minsiter to look at credit flow.
22 May

Finance minister  will take up the progress of covid related credit and the extent of pre apporved loans that have been sanctioned. The minister ...

Read more orange-arrow
Home consumption drives up household grocery bills.
21 May

Grocery bills have ballooned as home consumption rises and consumers buy larger packs of FMCG products.
The bill sizes had almost doubled in March, ...

Read more orange-arrow
Britain borrows at negative interest rate for first time
21 May

Britain sold a government bond with a negative yield for the first time , meaning the government is effectively being rewarded for borrowing after inv ...

Read more orange-arrow
Ola layoff 1400 of its employees, due to its revenue fell by 95% in last two months.
21 May

 Ride-hailing major Ola is laying off 1,400 of its employees over the next two weeks. The move comes after its revenues fell by 95% over two mont ...

Read more orange-arrow
MSMEs to get 4-year emergency government-guaranteed loans at 9.25%
21 May

Micro, small and medium enterprises (MSMEs) can look forward to a four-year loan with a one-year moratorium at 9.25% under a government-guaranteed eme ...

Read more orange-arrow
Liquidity plan aimed to help NBFCs fails to bring cheer
21 May

 The government finalised a special liquidity scheme for non-banking finance companies (NBFCs) and widened the scope of its existing guarantee to ...

Read more orange-arrow
Sebi has allowed listing of units of mutual fund (MF) schemes facing closure.
21 May

Markets regulator Sebi has allowed listing of units of mutual fund (MF) schemes that are being closed down. The decision is seen as a move by the regu ...

Read more orange-arrow
Startups step up to help seniors amid lockdown
20 May

With many such seniors being stranded by themselves and hence vulnerable, geriatric care is proving to be a big business opportunity for a clutch of s ...

Read more orange-arrow
E-sales get boost from non-essentials.
20 May

 With the government allowing online sale of non-essentials in red zones, consumers flocked to e-commerce platforms, resulting in a spike in sale ...

Read more orange-arrow
Hero Moto will defer investments, save cash
20 May

The country’s top two-wheeler maker Hero MotoCorp has decided to defer planned investments for capacity additions due to the coronavirus pandemic, and ...

Read more orange-arrow
States with red zones account for 60% of GDP.
20 May

There are eight states, with high concentration of red zones, which account for 60% of the country’s GDP and 58% of the workforce at the end of the th ...

Read more orange-arrow
'Vocal for local’: Firms quizzed by govt-run stores
20 May

 Taking PM Narendra Modi’s 'vocal for local’ as a call to action, government-run stores such as the Canteen Stores Department (CSD) and the Centr ...

Read more orange-arrow
Government’s economic package only 1% of GDP, say analysts
20 May

The government has announced a five-part package and has provided details of how it adds up to Rs 20.97 lakh crore and accounts for nearly 10% of the ...

Read more orange-arrow
Bharti Airtel reports net loss of Rs 5,237 crore in Q4.
19 May

Bharti Airtel reported a consolidated net loss after exceptional items of Rs 5,237 crore in the fourth quarter ended March 31, as compared to a net pr ...

Read more orange-arrow
SoftBank Vision Fund loses $17.3 billion
19 May

SoftBank Vision Fund, the biggest backer of startups in India, has reported a loss of $17.3 billion on its investments for the financial year ending M ...

Read more orange-arrow
RIL rights offer : Pay 25% upfront
19 May

 Shareholders of Reliance Industries (RIL) will have to pay 25% upfront to subscribe to the company’s rights offering opening ...

Read more orange-arrow
States protest linking of additional borrowing limit to four reforms.
19 May

Some states have protested the Centre’s move to link the increase in their borrowing limit to conditions such as reforms, saying it sets a bad precede ...

Read more orange-arrow
Goldman sees -45% Q2 GDP growth, jump of 20% in Q3
19 May

India’s GDP growth during the July-September quarter could slump to a dismal -45% on a quarter-on-quarter basis thanks to Covid-19-related economic di ...

Read more orange-arrow
70% startups have cash for less than 3 months.
19 May

About 70% of startups have cash to last for just about three months, and another 22% have money in the bank for three-six months, according to a surve ...

Read more orange-arrow
All sectors open to priavte players, non-strategic PSUs to be privatised.
18 May

The government announced a new Public Sector Enterprise (PSE) policy that will open up all sectors for the private sector while the public sector ente ...

Read more orange-arrow
E-tailers gear up to deliver in all 3 zones except in containment zones.
18 May

Economic activity has started to gather pace with more factories rebooting production and large e-commerce players gearing up to expand deliveries.&nb ...

Read more orange-arrow
Govt signals retreat of PSUs even across ‘strategic sectors’.
18 May

Finance minister Nirmala Sitharaman  unveiled the government’s plan to limit the role of public sector companies across the economy, while announ ...

Read more orange-arrow
States allowed to borrow more, but with conditions
18 May

Acceding to the demand by states to let them borrow more in light of resource crunch and expenditure commitments during Covid-19, Finance Minister Nir ...

Read more orange-arrow
General Atlantic picks 1.3% in Reliance Jio for Rs 6,598 crore
18 May

New York’s General Atlantic will pump Rs 6,598 crore ($868 million) into Jio Platforms, marking its largest investment in India. The infusion, which r ...

Read more orange-arrow
Health, travel, apparel sectors disappointed.
18 May

 Healthcare, hospitality and apparel exporters were disappointed that the finance minister’s stimulus announcements ignored their sectors. Soon a ...

Read more orange-arrow
Exports fall more than 60% in April,worst slow in 30 years.
16 May

According to data released by the Ministry of Commerce & Industry India's overall exports for the month of April has been estimated to be $27.96 b ...

Read more orange-arrow
Virus threatens to derail retail boom for Indian lenders
16 May

Indian lenders are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans, forcing them to set aside hundreds o ...

Read more orange-arrow
Laid-off techies link up, find new jobs
16 May

Punit Singh, a full-stack developer, is on the SEAriously Awesome People List, a public spreadsheet that seeks to bring together those like Singh who ...

Read more orange-arrow
Zomato cuts 13% jobs, rest face up to 50% pay
16 May

Online food delivery major Zomato is slashing its team size by 13%, or 520 people, and implementing a temporary pay cut of up to 50% for the rest of i ...

Read more orange-arrow
General insurance companies retain 90% of April business.
16 May

General insurance companies managed to retain 90% of the business they saw last April and reported total premiums collected for April 2020 of Rs 14,20 ...

Read more orange-arrow
World Bank approves $1 bn loans for India for social protection.
16 May

The World Bank  approved a $1 billion loan to support India's efforts for providing social assistance to the poor and vulnerable households, seve ...

Read more orange-arrow
Finance minister gives farmers Rs 2 lakh crore in concessional credit
15 May

The government  announced concessional credit of Rs 2 lakh crore for farmers and earmarked an additional Rs 30,000 crore as an emergency working ...

Read more orange-arrow
New launch plans to be impacted says Maruti.
15 May

The country’s largest carmaker Maruti Suzuki said business and new launch plans will be impacted by disruptions around the coronavirus pandemic. But t ...

Read more orange-arrow
Affordable rental housing for poor soon.
15 May

With many migrant workers facing eviction for not being able to pay rent as businesses came to a halt during lockdown, the government said it will rol ...

Read more orange-arrow
Private equity & venture capital firms eyeing the MSME fund of funds.
15 May

Private equity and venture capital firms are eyeing the potential slice of Rs 50,000-crore fund of funds for equity investments into micro, small and ...

Read more orange-arrow
Aurobindo Pharma, promoters settle insider trading case with SEBI.
15 May

Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani and three other entities have settled an alleged insider trading case with ...

Read more orange-arrow
Ensure access to affordable drugs: India at G-20.
15 May

India made a pitch at G20 to ensure that professionals and students are not hit by visa issues due to Covid-19 and sought flexibility in the intellect ...

Read more orange-arrow
Govt announces 25% cut in TDS/TCS rate for non-salary payments.
14 May

The Centre’s move to reduce the rate of tax deducted at source (TDS) and tax collected at source (TCS) by 25% is aimed at ensuring more funds for taxp ...

Read more orange-arrow
Govt lowered the statutory contribution by both employee and employer to EPF
14 May

The government  lowered the statutory contribution by both employee and employer to the Employees’ Provident Fund (EPF) to 10% each of the employ ...

Read more orange-arrow
Real estate projects may get 9-month extension.
14 May

 All real estate projects that had a scheduled completion date on or after March 25 will get six months extension and real estate regulators (RER ...

Read more orange-arrow
New MSMEs’ definition without amending laws.
14 May

The Centre revised the investment limit of Micro, Small & Medium Enterprises (MSMEs) and introduced an additional criteria of "turnover" as it rev ...

Read more orange-arrow
Govt to revive NBFC bond market, offers Rs 75k cr aid.
14 May

Non-banking finance companies (NBFCs) that had been at the forefront of lending to small businesses have received a Rs 75,000-crore package that will ...

Read more orange-arrow
Govt prescribed Rs. 90000 crore booster for state electric distribution companies.
14 May

The government  prescribed a Rs 90,000-crore, roughly $12-billion, dose of cash to lift state distribution companies (discoms) out of their finan ...

Read more orange-arrow
Nirmala Sitharaman leans on banks, institutions to fund package
14 May

The first package in the Atmanirbhar Bharat Abhiyan unveiled by FM Nirmala Sitharaman  seems to have leant more on public sector banks (PSBs) and ...

Read more orange-arrow
Govt identifies sectors for Tax concessions.
13 May

The government has identified close to a dozen sectors, ranging from capital goods, defence, pharma and electronics to labour-intensive ones such as t ...

Read more orange-arrow
March factory output drops most in 39 years.
13 May

The country’s industrial output contracted by a record 16.7% in March, dragged down by a sharp slide in the manufacturing sector as the initial impact ...

Read more orange-arrow
Anil Agarwal to take Vedanta ltd. private in Rs 16,000 crore cash offer.
13 May

Metals and mining magnate Anil Agarwal plans to offer Rs 16,200 crore in cash to take the Mumbai-listed Vedanta Ltd private . Vedanta Resources, the L ...

Read more orange-arrow
Over 2.7 crore youngsters in their 20s lost jobs in April.
13 May

 Over 27 million (2.7 crore) youngsters in their 20s lost jobs in April, highlighting the pain inflicted by Covid-19 and the lockdown imposed to ...

Read more orange-arrow
IRDAI consolidates changes in Health insurance rules.
13 May

 Insurance regulator IRDAI issued consolidated health insurance regulations with amendments that include changes made in the recent past.The guid ...

Read more orange-arrow
Allow Companies to capitalize Covid losses : Deloitte
13 May

To ensure businesses remain functional, industry body FICCI and Deloitte have suggested a two-step restructuring. In the first step, the losses for th ...

Read more orange-arrow
Government set to guarantee up to Rs 3 lakh crore loans to MSMEs
13 May

The government’s much-awaited stimulus for micro, small and medium-sized businesses is expected to include a provision for additional loans of up to R ...

Read more orange-arrow
Lenders want Bad banks to deal with high NPA's.
12 May

Lenders led by SBI are pushing for a ‘bad bank’ in the form of an asset reconstruction company (ARC), preferably sponsored by the government, which ca ...

Read more orange-arrow
Consumer's spending increased as some areas reopen business.
12 May

Signs of a revival in consumer demand are emerging after weeks of a declining trend, as the country gradually opens up for business in the green zones ...

Read more orange-arrow
Fresh hiring by top 5 IT companies drops 28% in FY 20.
12 May

The top five Indian IT services companies added 65,339 people to their employee headcount in fiscal 2019-20, down 28% from the previous year’s fresh r ...

Read more orange-arrow
Rahul Bhatia owned InterGlobe enterprises weighs bid for Virgin Australia.
12 May

InterGlobe Enterprises (IGE) is eyeing Australia’s second-largest airline Virgin Australia Holdings . 
Virgin Australia entered bankruptc ...

Read more orange-arrow
Dishwasher, Vaccum cleaner sales increasing due to lockdown.
12 May

 Dishwashers, vacuum cleaners, air purifiers and washing machines have suddenly captured the imagination of Indian households, emerging as ...

Read more orange-arrow
Centre released over Rs. 6000 crore to 14 states to enhance their resources.
12 May

The Finance Ministry  released Rs 6,195 crore revenue deficit grant to 14 states to enhance their resources during COVID-19 crisis.
Finance M ...

Read more orange-arrow
Govt plans to check china FPI flows
11 May

After foreign direct investment (FDI), the government is looking to clamp down on unbridled access to the Indian market by Chinese portfolio investors ...

Read more orange-arrow
Need of mask and pre-booked seat to enter the office
11 May

A mask as part of your formal dressing accessory, a need to pre-book your seat in the office (with the seat pass being your gate pass), staggered cafe ...

Read more orange-arrow
IMPS transfers in April plunge to 2-year low.
11 May

The economic impact of the lockdown is reflected in the sharp drop in retail interbank transfers under the Immediate Payment System (IMPS). Transactio ...

Read more orange-arrow
Bank staff under pressure to work at full capacity.
11 May

With no improvement in the pandemic situation in the country’s metros and large cities, bank staff are feeling the heat as they are being pressed to g ...

Read more orange-arrow
Fuel demand halves in April, lowest sales since 2007
11 May

Fuel sales nearly halved in April from a year ago as the countrywide lockdown and travel curbs imposed since March 24 to check the spread of the coron ...

Read more orange-arrow
No GST on full-time director's salary: AAR.
11 May

The controversy on whether remuneration paid to directors of a company is subject to the goods and services tax (GST) has been put to rest by a recent ...

Read more orange-arrow
Techie's Medicine helpline gets 1 million calls in a month.
11 May

A million calls across seven states resulting in over 70,000 consultations. Those are the numbers, all within a month, in what is turning out to be th ...

Read more orange-arrow
US firm Vista Equity buys 2.3% stake in Jio for $1.5 billion.
09 May

Reliance Industries (RIL) has enetered into a deal with US private equity firm Vista Equity Partners for another stake sale in Jio Platforms. It will ...

Read more orange-arrow
Nomura, Goldman Sachs predicts India’s GDP to contract by 5.2% in FY21.
09 May

India’s GDP growth estimate received a clutch of downgrades with Japanese investment bank Nomura and Goldman Sachs forecasting the economy to contract ...

Read more orange-arrow
Lockdown period not to be counted for determining residency status of NRIs, foreign nationals.
09 May

The finance ministry announced relief to those who have been facing difficulty with the status of their residency in India under section 6 of the Inco ...

Read more orange-arrow
Wipro gets labour department notice over benching staff, salary cuts.
09 May

The Pune labour commissioner’s office recently issued a notice to technology giant Wipro after receiving complaints of alleged benching of 300 employe ...

Read more orange-arrow
Government to borrow 54% more than estimate, fiscal deficit may hit 5.5%.
09 May

Weighed down by higher expenses due to the devastating impact of the Coronavirus pandemic on the economy, the government on said it will borrow about ...

Read more orange-arrow
Retail has slowly started moving in India.
09 May

After suffering an estimated turnover loss of more than Rs 55,000 crore during the 40-day lockdown, automotive retail chain in the country has started ...

Read more orange-arrow
SEBI asks Franklin to focus on returning the investor's money that stuck in six funds.
08 May

SEBI has come down heavily on Franklin Templeton Mutual Fund for its global chief Jennifer M Johnson’s comments that one of the reasons for the closur ...

Read more orange-arrow
SBI cuts lending rate by 15 basis points, launches scheme for senior citizens.
08 May

SBI  reduced its marginal cost of lending rate  by 15 basis points (100bps = 1 percentage point). The bank also said that, effective from Ma ...

Read more orange-arrow
Stimulus must be in line with tax-GDP ratio said CEA Krishnamurthy Subramanian.
08 May

Chief economic adviser (CEA) Krishnamurthy Subramanian is optimistic that the Indian economy will stage a better recovery once the Covid-19 outbreak s ...

Read more orange-arrow
Yes bank plans to raise Rs.15000 crore by june, as Q4 result Shows elevated bad assets.
08 May

Yes Bank plans to create a ‘bad bank’ out of its non-performing assets (NPAs) by hiving off its bad loans into a separate unit and offering the same t ...

Read more orange-arrow
Tata Motors to withdraw Rs 1,000 cr NCD issue due to tight money market conditions
08 May

The company has decided to withdraw the issue for private placement of unsecured NCDs in view of the higher cost expectations from the market particip ...

Read more orange-arrow
Food companies miss Ramzan demand in lockdown.
08 May

 A subdued Ramzan this year due to the lockdown is proving to be a lost marketing opportunity for several packaged foods companies.Branded produc ...

Read more orange-arrow
Glaxo, Horlicks to sell 6% stake in HUL for Rs.26k crore.
07 May

Horlicks and GlaxoSmithKline PTE together are set to sell nearly 13.4 crore shares of FMCG major Hindustan Unilever (HUL).
The transaction will be ...

Read more orange-arrow
Government is fast tracking the move to amend definition of MSME's.
07 May

The government is fast-tracking the move to amend the definition of micro, small and medium enterprises (MSMEs) to allow these entities to grow in siz ...

Read more orange-arrow
Walmart gains from corporate tax cut in India.
07 May

Walmart’s annual filings have revealed that the corporate income tax cut in India last year helped its earnings per share (EPS) by 11 cents during the ...

Read more orange-arrow
Frxanklin global chief says SEBI's october 2019 rules led to closure of debt schemes.
07 May

Franklin Templeton’s global CEO Jennifer M Johnson has blamed markets regulator Sebi’s October 2019 decision to allow mutual funds to invest only 10% ...

Read more orange-arrow
Govt to push reforms in sectors with stimulus.
07 May

Wiser from the 2008 experience, the government is looking at pushing reforms in sectors that will be getting the much-anticipated stimulus as part of ...

Read more orange-arrow
Liqour shares slump as state raise excise duty.
07 May

Shares of spirits and beer companies were down for the second consecutive day after Karnataka followed other states in raising excise duty on alcohol. ...

Read more orange-arrow
Services PMI falls to record low of 5.4 in April
07 May

Services followed manufacturing in touching a historical low as the Purchasing Managers’ Index (PMI) for Services dipped to a mere 5.4 in April as aga ...

Read more orange-arrow
Bank's fresh credit decline by 64% in FY20.
06 May

Banks gave out fresh credit, through bonds and loans, of only Rs 6 lakh crore in FY20 — a drop of 64% from Rs 16.8 lakh crore that they handed out to ...

Read more orange-arrow
Reliance Industries plans to buy e-pharmacy Netmeds.
06 May

 Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce. T ...

Read more orange-arrow
Government allows companies to hold AGM through video conferencing mode
06 May

The government has allowed companies to conduct annual general meetings this year through video conferencing and other audio-visual means amid the cor ...

Read more orange-arrow
Over 50% banks agree to provide relief to Micro finance sector.
06 May

Over half of the bank lenders to the microfinance sector have extended a moratorium on their loans. While some microfinance institutions (MFIs) have b ...

Read more orange-arrow
Shops can provide cash withdrawal facilities to customers using UPI.
06 May

Shops that have been onboarded by lenders for acceptance of electronic payments can provide cash withdrawal facilities to customers of all banks using ...

Read more orange-arrow
Malls, high streets staring at 15-20% vaccant space as retailers going to shut stores.
06 May

 Malls and high streets could be staring at 15-20% of vacant real estate space as many retailers are looking to shut unprofitable stores due to c ...

Read more orange-arrow
One in 4 employed lost job across India in March-April.
06 May

A jobs crisis is staring the country in the face as several crucial sectors of the economy have been severely impacted by the coronavirus-triggered lo ...

Read more orange-arrow
RBI may ease rules for provision, NBFC'S to get funds.
05 May

Lenders both banks and non-banks are likely to get relief in provisioning requirements from the Reserve Bank of India (RBI) with non-banking finance c ...

Read more orange-arrow
Factories ready to resume operations under strict hygiene and tough norms.
05 May

The country's mega manufacturing engine is taking baby steps towards opening factories, but under strict hygiene and social distancing norms. Many pla ...

Read more orange-arrow
Manufacturing Purchasing Managers’ Index (PMI) dips to record low of 27.4 in April.
05 May

India’s manufacturing activity plummeted to a record low in April as the coronavirus lockdown imposed by the government forced factories to shut down ...

Read more orange-arrow
Curefit lays off 10% of its trainers, other staff; cuts pay across board
05 May

Fitness-to-food delivery startup Curefit is laying off 800-1,000 people ,roughly 10% of their total staff across the group. The affected employees inc ...

Read more orange-arrow
AU Small Finance bank's Q4 net profit rises 3.46%% to Rs 122.32 crore as compared to Q4 of 2019.
05 May

AU Small Finance bank's net profit rose 3.46% to Rs 122.32 crore in Q4 March 2020 as against net profit of Rs 118.23 crore in Q4 March 2019.Total inco ...

Read more orange-arrow
Pay loan companies like Loanwalle.com, Early salary has stopped fresh funding disbursements.
05 May

Lenders who offer loans to salaried employees have been choked as fresh loan disbursements have been impacted due to the on-going liquidity crisis, de ...

Read more orange-arrow
After Facebook, Silver Lake ( US firm) to pay $750 million for 1.2% stake in Jio.
05 May

 After Facebook, US-based private equity firm Silver Lake will pay Rs 5,656 crore ($750 million) to acquire 1.15% in the digital and telecom unit ...

Read more orange-arrow
Cash flows for companies dry up due to lockdown
04 May

Cash flows, the lifeline of businesses, are drying up fast. Some companies are struggling to pay salaries to employees, while some are looking at wind ...

Read more orange-arrow
State governments face huge revenue shortfall due to lockdown.
04 May

Uttar Pradesh government has spent over Rs 12,000 crore in paying salaries and pension for April, when its revenues were Rs 2,284 crore. It’s a s ...

Read more orange-arrow
Around 99% depositors of CKP co-operative bank will get their full payments.
04 May

The RBI has said that of the 1.3 lakh depositors of CKP Co-operative Bank, about 99.2% will get full payment of their deposits from the Deposit Insura ...

Read more orange-arrow
Credit risk funds saw 26% slide in their total assets under management (AUM).
04 May

In just one week after Franklin Templeton MF’s shock-decision to close down six of its debt funds late on April 23, all the credit risk funds, the hig ...

Read more orange-arrow
Govt panel seeks review of 5G spectrum base price.
04 May

A high-level panel on National Infrastructure Pipeline has sought a review of the base price for 5G spectrum auctions, arguing that the reserve price ...

Read more orange-arrow
Jio mart ramps up operations with credit facility and incentives.
04 May

Reliance’s JioMart is ramping up operations, intensifying the grocery wars through its kirana commerce pilots with messaging application whatsapp .Sin ...

Read more orange-arrow
The new secretary of MSME said that they will ensure survival of small bunsiness.
04 May

 Arvind Kumar Sharma, the new secretary for micro, small and medium enterprises (MSMEs), has said that it is imperative to protect the backbone o ...

Read more orange-arrow
Businesses are treading cautiously on resumption of operations at plants.
02 May

Businesses are treading cautiously on resumption of operations at plants, despite the government signalling a graded opening up and allowing offices i ...

Read more orange-arrow
Yield on AT1 bonds increase due to dumping of mutual funds.
02 May

 Yields on some additional tier-1 (AT1) or quasi-equity bonds issued by nationalised banks and some non-bank papers have risen to over double the ...

Read more orange-arrow
Lockdown brings auto industry's April sales to Zero.
02 May

It was a painful first month of fiscal 2020-21 for the auto industry that registered nil sales in April amid the lockdown and retail as well as mobili ...

Read more orange-arrow
E-commerce looking to start servicing orders in orange and green zones.
02 May

 E-commerce companies are looking to start servicing orders for both essentials and non-essentials in orange as well as green zones after the lat ...

Read more orange-arrow
Smart phone market suffers the worst decline ever in Q1 2020 due to Covid-19.
02 May

According to IDC’s Quarterly Mobile Phone Tracker, smartphone makers shipped 275.8 million devices in Q1 2020, an 11.7 per cent drop from the same per ...

Read more orange-arrow
Apple Quarterly revenue grew by 1%, but didn't provide the forecast for the first time.
02 May

Apple Inc. reported quarterly revenue that grew 1%, but didn’t provide a forecast for the first time in more than a decade, sparking concern that perf ...

Read more orange-arrow
LPG cylinder price cut by a record ₹162.50
02 May

Non-subsidised LPG or market-priced cooking gas prices were cut by a record ₹162.50 per cylinder , in line with the slump in benchmark international r ...

Read more orange-arrow
PM Modi signals push to attract firms that exit China to India
01 May

Prime Minister signalled a major push to boost investments in the country and capture a part of the supply chain that is expected to move out of China ...

Read more orange-arrow
RIL announces biggest rights issue of Rs 53,125 crore; share sale at 14% discount.
01 May

Reliance Industries, India’s most valued company, plans to raise Rs 53,125 crore through a rights offer at Rs 1,257 a share, a 14% discount to the sto ...

Read more orange-arrow
Reliance industries reports 37% drop in Q4 at Rs. 6546 crore.
01 May

Reliance Industries’ profit fell 37% to Rs 6,546 crore in the fourth quarter of fiscal 2020.Cash increased to Rs 1.75 lakh crore, compared with Rs 1.5 ...

Read more orange-arrow
SC asks RBI to examine if banks are passing loan moratorium benefits
01 May

The Supreme Court directed the Reserve Bank of India (RBI) to ensure that its circular on the three-month moratorium on loan repayment between March 1 ...

Read more orange-arrow
Eight core sector monthly growth fall by 6.5% in march, biggest fall in 8 years.
01 May

The eight core sector industries, which account for over 40% of the index of industrial production (IIP), slumped 6.5% in March the steepest monthly f ...

Read more orange-arrow
Steepest fall in demand for energy since World War II.
01 May

The International Energy Agency  said renewables will be the only energy source that will be resilient to the coronavirus pandemic wiping out dem ...

Read more orange-arrow
Electric vehicle companies modify product strategy, defer capital expenditure to meet post Covid scenario.
01 May

The electric vehicle industry is preparing for life after lockdown by deferring capex and tweaking its product strategy to focus on new and emerging s ...

Read more orange-arrow
Nielsen has downgrade its annual growth forecast for FMCG sector to 6 % for year 2020.
01 May

Market research firm Nielsen revised its outlook for the growth of the FMCG segment, downgrading it from 9-10% to 5-6% for this year as a consequence ...

Read more orange-arrow
Salary cuts, layoff and leave reduction announced by companies.
30 May

A number of companies are looking at ways to cut costs, as the Covid-19 pandemic plays havoc with consumer demand. Hardcastle Restaurants,  plans ...

Read more orange-arrow
Supreme Court asks I-T department to refund Rs 733 crore to Vodafone Idea
30 May

The Supreme Court granted partial relief to Vodafone Idea Ltd by asking the income tax (I-T) department to refund Rs 733 crore to the telecom firm wit ...

Read more orange-arrow
Govt makes plan to boost FDI flows.
30 May

The government has begun consultations with stakeholders on ways to step up foreign investment into the country, with commerce and industry minister P ...

Read more orange-arrow
Industry has sought clarity from govt on guidelines issued for restarting units.
30 May

Indian industry has sought fine-tuning of guidelines for restarting units and has demanded greater clarity on rules to ensure that business entities a ...

Read more orange-arrow
After govt order Business are seeking health covers for staff to restart operations.
30 May

 Businesses are queuing up to buy group health covers after a government order requiring companies to mandatorily provide insurance for workers i ...

Read more orange-arrow
Companies announced "lockdown offers" on luxury products to customers.
30 May

 With dealerships shut and uncertainty over when retail will open up, companies have started to roll out ‘lockdown offers’ to prospective custome ...

Read more orange-arrow
Empty manufacturing plants may lose property cover
29 May

Large manufacturing plants that have fallen silent due to the lockdown risk losing their insurance cover if the Covid-19 induced restrictions get exte ...

Read more orange-arrow
Disaster planning top priority for India inc.
29 May

 Disaster planning for business continuity and survival has emerged as the top priority for organisations as recovery from Covid-19 is expected t ...

Read more orange-arrow
Government considering ordinance route for Companies Act amendments.
29 May

The government is considering a fresh ordinance to amend the Companies Act to decriminalise several offences, apart from allowing Indian companies to ...

Read more orange-arrow
VPN norms relaxed for IT industry till July end.
29 May

As uncertainty over the lockdown remains, the government has decided to extend the relaxed connectivity norms for virtual private networks (VPNs) appl ...

Read more orange-arrow
Whatsapp looks at lending after payments nod.
29 May

WhatsApp is looking at lending to its customers in India, according to one of its objectives of operations listed in its memorandum of association (Mo ...

Read more orange-arrow
Axis will buy 29% in Max Life, awaits regulatory nod
29 May

 Axis Bank’s board approved a deal with Max Financial Services to buy a 29% stake in Max Life Insurance for an undisclosed cash consideration. Th ...

Read more orange-arrow
RBI opens a Rs 50,000 crore special funding line for Mutual Funds.
28 May

The RBI provided a special facility with an initial corpus of Rs 50,000 crore for mutual funds to borrow from it using the banking channel.It is open ...

Read more orange-arrow
RIL to finalise first right offers in 29 years on April 30.
28 May

Reliance Industries (RIL), India’s most valued company, is planning a rights issue  its first fund-raise from the public in 29 years. The co ...

Read more orange-arrow
No Call yet on monetising fiscal deficit said RBI governer.
28 May

The Reserve Bank of India (RBI) governor Shaktikanta Das has indicated that the fiscal deficit target of 3.5% will be breached this year, but he said ...

Read more orange-arrow
Jio-Facebook alliance may go beyond kirana stores.
28 May

The partnership between India’s largest conglomerate Reliance Industries and US social media giant Facebook could expand beyond the scope of just onbo ...

Read more orange-arrow
Shapoorji Pallonji arm to sell solar assets worth $204 million to KKR
28 May

 Shapoorji Pallonji (SP) Group plans to sell $1 billion worth of green energy and other infrastructure assets to augment its balance sheet. It so ...

Read more orange-arrow
New HR policy for Work from home will come soon.
28 May

After more than a month of national lockdown, both employers and employees have eased into a new way of working i.e.work from home (WFH). WFH,  h ...

Read more orange-arrow
Franklin Templeton marks down six Fund of funds FoF.
27 May

Franklin Templeton MF, the troubled fund house that was forced to close six of its debt funds due to extreme liquidity in the market, has marked down ...

Read more orange-arrow
Govt. looks at reforms in agriculture,manufacturing sectors.
27 May

The Centre is examining a “significant number” of reforms along with staggered stimulus packages aimed at various stressed sectors of the economy as p ...

Read more orange-arrow
Top rated companies wants to defer loan repayments.
27 May

A couple of triple-A-rated companies and those belonging to top business groups have sought relief on loan repayment. The fact that these companies ha ...

Read more orange-arrow
US Stimulus will be positive for IT industry.
27 May

 Infosys CEO Salil Parekh said the fiscal stimulus that most western economies have announced, especially the US, is a huge positive for the IT i ...

Read more orange-arrow
Government may stand guarantee for extra funds to bail out MSMEs
27 May

The government is considering a proposal to provide guarantee to micro, small and medium enterprises, for accessing additional working capital. Banks ...

Read more orange-arrow
50 IRS officers face probe for unsolicited hike-tax call
27 May

An annoyed government distanced itself from controversial tax proposals such as a Covid-19 cess and a wealth tax on the rich from a group of revenue s ...

Read more orange-arrow
After the 6 debt funds closure, AMFI rushes in for damage control.
25 May

 Association of Mutual Funds in India (AMFI) said that the Franklin Templeton incident was an isolated one and there was ample liquidity in the s ...

Read more orange-arrow
States can amend law to increase fiscal deficit over the target rate of 3% of GDP.
25 May

While acknowledging that states may face difficulties in raising resources due to Covid-19, 15th finance commission chairman N K Singh said that they ...

Read more orange-arrow
Indian Forex Reserves grows $3 billion to $480 billion on rising dollar, gold
25 May

India’s forex reserves rose by $3 billion during the week ended April 17 to $479.6 billion. Half the increase was because the value of gold held by th ...

Read more orange-arrow
Oil heads for another weekly slide on coronavirus turmoil.
25 May

Oil prices rose on 24th April, but both the Brent and US benchmarks were on track for their third straight week of losses as global production shutdow ...

Read more orange-arrow
Companies see cah as king, cut Capex Plan
25 May

Bogged down by the coronavirus-related lockdowns, India Inc has decided to adopt a strategy of financial prudence for the new fiscal year. As costs re ...

Read more orange-arrow
During Lockdown, edutech and healthcare companies look to hire fresh talent.
25 May

Companies witnessing a business swell due to Covid, be it edu tech or healthcare startups, are going a step further and recruiting more hands to meet ...

Read more orange-arrow
India post delivers Rs. 412 crore cash to doorsteps during lockdown.
25 May

The lockdown has set off a banking revolution. Irrespective of which bank you have an account within a city or a village without a branchyou can call ...

Read more orange-arrow
After RIL’s kirana play, Amazon moves to woo neighbourhood stores
24 May

The Amazon said it has on-boarded 5,000 offline retailers across categories on its platform under what it calls 'Local Shops'. Started as a pilot six ...

Read more orange-arrow
Retailers deliver to Resident Welfare Associations in bulk.
24 May

Large chain retailers have tied up with resident welfare associations (RWA) across the country to deliver essential products like bulk groceries insid ...

Read more orange-arrow
Top companies, PSUs set to issue over Rs 45,000 crore bonds in April
24 May

 Despite the lockdown, Indian corporates and PSU's  have raised over Rs 30,000 crore the highest ever  by selling short-term to medium- ...

Read more orange-arrow
Banks avoid NBFC lending , applied for 50% of RBI's finance.
24 May

Small non-banking finance companies continued to be shunned by banks, which availed only half of the Rs 25,000-crore refinance offered by the RBI for ...

Read more orange-arrow
Remittances to india projected to fall by 23%
24 May

Remittances are projected to fall by about 23% in 2020 to $64 billion In India , a striking contrast with growth of 5.5% and receipts of $83 billion s ...

Read more orange-arrow
Indigo will not cut salary for april for most employees.
24 May

 At a time of endemic pay cuts and layoffs across all sectors, IndiGo has decided to pay full salary for April to a majority of its employees. La ...

Read more orange-arrow
Franklin Templeton to shut 6 debt funds.
24 May

Franklin Templeton Mutual Fund, has decided to close down six of its debt funds, which currently manage nearly Rs 25,900 crore in all. The move is due ...

Read more orange-arrow
RIL plans to bring kiranas closer to consumers
23 May

At the centre of the Reliance-Facebook deal is the commercial partnership between Reliance Retail and WhatsApp to push out what it calls new commerce, ...

Read more orange-arrow
Government readies lifeline for producers as Brent hits 21-year low
23 May

With International benchmark Brent dipping just below $16 , the oil ministry has proposed a set of measures to help domestic oil producers .The option ...

Read more orange-arrow
Abu Dhabi royal invests Rs 7,600 crore in retailer LuLu
23 May

 An Abu Dhabi investment firm, led by Sheikh Tahnoon Bin Zayed Al Nahyan of the ruling family, invested nearly $1 billion (Rs 7,600 crore) in LuL ...

Read more orange-arrow
Facebook-Reliance Jio: Competition panel needs to clear deal
23 May

Given the size of the transaction, pegged at Rs 43,574 crore, Facebook’s deal with Mukesh Ambani’s Reliance Jio will need to be cleared by anti-trust ...

Read more orange-arrow
Facebook deal may keep RIL on road to zero-debt plan
23 May

 The $5.7 billion (Rs 43,574 crore) investment by Facebook in Jio Platforms will help Mukesh Ambani deleverage Reliance Industries’ (RIL) balance ...

Read more orange-arrow
Railways offers to supply 2.6L meals daily, says states can pay later
23 May

The railway ministry has offered to supply 2.6 lakh meals daily at Rs 15 each from railway kitchens across the country wherever the district administr ...

Read more orange-arrow
Up to 7 years’ jail for attack on health workers.
23 May

The cabinet approved an ordinance making acts of violence against doctors and frontline personnel a cognisable and non-bailable offence punishable wit ...

Read more orange-arrow
Retailers discussing for Revenue share model from mall owners.
22 May

Top retail companies, including Future Group, Aditya Birla, Arvind, Raymond and Litebite Foods, are in discussion with mall owners to move into a pure ...

Read more orange-arrow
Crude oil price crash will ease some Covid-19 pain for India.
22 May

US crude WTI sank into negative territory for the first time in history at -$37/barrel and Brent, the benchmark for two-thirds of the global oil trade ...

Read more orange-arrow
HC quashes criminal prosecution of 2 former Infra leasing & financial services ltd auditors.
22 May

In a major relief to former Infrastructure Leasing & Financial Services (IL&FS) auditors BSR & Associates (a KPMG-affiliated firm) and Del ...

Read more orange-arrow
Exporter face losses on forward $ contract.
22 May

Many exporters who have sold their anticipated dollar revenues in the forward market are staring at a crisis as they risk losing millions. While the d ...

Read more orange-arrow
WhatsApp’s new update now allows 8 users in audio, video calls
22 May

WhatsApp has  increased the limit on the number of participants who can join a video call from 4 to 8. “WhatsApp is rolling out the new limi ...

Read more orange-arrow
Oil in negative zone: MCX buyers face Rs 410 crore fund dues
22 May

The negative closing for WTI crude on the Nymex has caught a large number of Indian buyers of crude oil contracts on the MCX here on the wrong foot. T ...

Read more orange-arrow
HC order on Indiabulls Non convertible debentures dues puts MFs in tight spot
21 May

An order of the Delhi high court obtained by private sector lender Indiabulls Housing Finance against markets regulator Sebi has put mutual fund house ...

Read more orange-arrow
Government to issue Rs 4.5 lakh crore treasury bills in Q1 FY21
21 May

With ample liquidity currently available in the banking system, the government has decided to borrow an additional Rs 1.50 lakh crore that is 50% more ...

Read more orange-arrow
China investment arms use P-Note, FPI routes too
21 May

 It’s not only direct investments like in HDFC in which the neighbouring country’s People’s Bank of China (PBoC) now has 1% stake. China, through ...

Read more orange-arrow
Infosys Q4 net up 6.3%, suspends FY21 guidance citing uncertainty
21 May

The country's second-largest IT services player Infosys reported a 6.3 per cent rise in consolidated net profit to Rs 4,335 crore for March 2020 quart ...

Read more orange-arrow
Treat ad costs as investment, give tax relief: AAAI to government
21 May

The business of advertising agencies has shrunk by more than 70% following the spread of Covid-19 and the subsequent lockdown. In a recommendation to ...

Read more orange-arrow
Paytm cuts losses 20% as e-pays fall
21 May

 Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments has been cutting costs at a rate of 15-20% in the l ...

Read more orange-arrow
Auto, Phone companies have to wait for local clearance to restart factories.
20 May

The Union government’s plans to restart industrial activity in a staggered manner may have to wait as several states are yet to release operational gu ...

Read more orange-arrow
Government to chart plan for higher investments.
20 May

The government is beginning to reach out to domestic and global investors to work out a strategy for higher investments and reduced reliance on import ...

Read more orange-arrow
FPIs pull out Rs 12,650 cr in April amid Covid-19 turbulence
20 May

Foreign portfolio investors (FPIs) have withdrawn a net Rs 12,650 crore from the Indian capital markets in April so far amid the coronavirus crisis.Be ...

Read more orange-arrow
Cognizant technology solutions hit by "MAZE" ransomeware attacks.
20 May

Tech major Cognizant Technology Solutions (CTS) has said that it was a victim of ransomware attack .The anonymous hackers group behind Maze attacked t ...

Read more orange-arrow
Sebi weighs options to aid MFs in moratorium spot
20 May

Markets regulator Sebi is debating how it can help mutual funds and NBFCs to tide over the current difficult situation .The RBI being the lender of th ...

Read more orange-arrow
E-tail growth may fall to zero after government’s U-turn
20 May

India, which is pegged as the world’s fastest-growing online retail market, is not expected to grow in 2020.The industry faces an indefinite closure o ...

Read more orange-arrow
Government wary of tax cuts, may offer funding to keep businesses afloat
20 May

Support for businesses hit by the pandemic and the lockdown can come in the form of measures like a higher working capital limit to help them tide ove ...

Read more orange-arrow
RBI announces 2nd Rs 1 Lac crore lifeline, prompts banks to lend more
18 May

Three weeks after it unveiled its first package on March 27 for an economy battered by the Covid-19 pandemic, the Reserve Bank of India sought to ensu ...

Read more orange-arrow
TVS Motor Company acquires Britain’s Norton Motorcycles
18 May

TVS Motor Company announced successful acquisition of Britain’s iconic sporting motorcycle Norton, in an all-cash deal for a consideration of GBP16 mi ...

Read more orange-arrow
FMCG sales hit in March 4th week on supply chain woes
18 May

After posting a high double-digit growth in first three weeks of March, FMCG sales across channels dipped sharply in the last week as supply chain hur ...

Read more orange-arrow
RBI’s relief for non-banking financial institution to support real estate sectors, small business.
18 May

The Reserve Bank of India (RBI)  allowed real estate developers up to one more year to start repayment of loans availed from non-banking financia ...

Read more orange-arrow
Now, non-hyperlocal delivery firms help ease supply woes
18 May

It takes upto 5 days to get a slot for grocery delivery from online grocery platforms such as BigBasket or Grofers.Following food delivery firms which ...

Read more orange-arrow
RBI allows states to borrow Rs 19k cr more through WMA option
18 May

The RBI has allowed states to borrow about Rs 19,200 crore more from it through the Ways & Means Advance (WMA) window.The central bank said states ...

Read more orange-arrow
Govt readying stimulus for corporates, relief for poor
17 May

The government is giving the final touches to a comprehensive stimulus package that aims to address the concerns of the common man as well as the corp ...

Read more orange-arrow
E-comm players can deliver non-essentials
17 May

In a major relief to consumers, ecommerce companies will be allowed to deliver essential and non-essential items from April 20, even as firms step up ...

Read more orange-arrow
Rupee to average at 77 against dollar in 2020
17 May

Fitch Solutions on Tuesday revised down its forecast for the Indian rupee, saying the currency will average 77 per US dollar in 2020 and 80 in 2021 am ...

Read more orange-arrow
ICICI Bank seeks rent waiver from landlords
17 May

ICICI Bank has asked all its operating offices to seek a complete waiver on rental payments till the time the country is under lockdown to cushion the ...

Read more orange-arrow
Pricol invokes ‘force majeure’ as ‘matter of precaution’
17 May

Coimbatore-based automotive component and precision-engineered product maker Pricol has invoked the force majeure clause against all its suppliers and ...

Read more orange-arrow
E-tailers may get to sell electronics from Apr 20
16 May

Consumers looking to buy more than just daily groceries may be in for some relief as e-commerce majors are getting ready to accept and ship orders aft ...

Read more orange-arrow
Factories enforce strict hygiene, distancing norms
16 May

Compulsory passage through disinfectant tunnels, mandated quarantine zones, limited workforce, wearing of masks and gloves at all times, strict social ...

Read more orange-arrow
Labour crunch likely to hit India Inc's plan to reboot business
16 May

The government has permitted manufacturing and other industrial establishments to operate from April 20, but the big question is how will they bridge ...

Read more orange-arrow
RBI’s bond refinance cap at 10% of a single issuer
16 May

To ensure that the cheap refinance it provides to banks is not cornered by large corporates, the Reserve Bank of India (RBI) has tightened rules for t ...

Read more orange-arrow
Exports fall at fastest pace in 25 years in March
16 May

India’s exports contracted by 34.5 percent in March, the steepest monthly fall in at least 25 years, as overseas demand remained lackluster due to the ...

Read more orange-arrow
IT-ITeS allowed to resume work
16 May

The Ministry of Home Affairs on Wednesday permitted information technology (IT) and IT-enabled services firms to function at 50 percent strength begin ...

Read more orange-arrow
Government taps logistics firms to link consumers with kirana shops
15 May

The government is ready with a scheme to get Kirana stores to directly deliver essential goods at your doorstep using the network of logistics firms t ...

Read more orange-arrow
IMF projects India's growth rate at 1.9% in 2020, forecasts global recession due to COVID-19
15 May

The International Monetary Fund (IMF) on Tuesday projected a gross domestic product (GDP) growth of 1.9 percent for India in 2020, as the global econo ...

Read more orange-arrow
Amazon stock hits record high on hopes for a coronavirus-related boom
15 May

Amazon.com Inc. shares closed at a new high, as the e-commerce and cloud-computing powerhouse continued to be seen as a safe target for investors in a ...

Read more orange-arrow
HDFC proposes stressed real estate fund with SBI
15 May

HDFC chairman Deepak Parekh has said that the corporation would talk to State Bank of India (SBI) to set up a stressed real estate fund with the parti ...

Read more orange-arrow
Apparel makers push WFH dressing
15 May

As working from home is catching up, apparel and lifestyle companies are clinging on by launching their own work from home line-up.With the fine line ...

Read more orange-arrow
Capgemini India raises salary for 70% staff, grants allowances
15 May

In a move that is seen as a benevolent gesture in the time of the COVID-19 crisis, French tech major Capgemini, which employs nearly 1.2 lakh people i ...

Read more orange-arrow
Centre to track prices of 22 food items in 114 cities
14 May

Amid concerns over depleting stock of essential items, the Centre has decided to track the prices of 22 essential food items in 114 cities and other c ...

Read more orange-arrow
RBI goes all out in MPC meet to tackle crisis
14 May


 RBI governor Shaktikanta Das had called for “all-out” efforts to protect the domestic economy from the adverse impact of the COVID-19 pandem ...

Read more orange-arrow
PE & VC deal-making set for further dip in June quarter.
13 May

Private equity (PE) and venture capital (VC) investments, which were already down 20-40% during the March quarter, are expected to come to a grinding ...

Read more orange-arrow
Liquor companies seek nod for online, on-call sale
13 May

 There may be good news for tipplers. Liquor companies have petitioned the central and state governments to allow online sale as well as oncall p ...

Read more orange-arrow
Banks stock up on cash to keep ATMs full
13 May

Banks are keeping two-and-half to three times more cash across their network to ensure that there is no dearth of currency at branches or ATMs at a ti ...

Read more orange-arrow
Dont use lockdown time in moratarium to declare NPA's.
13 May

To balance the rights of two borrowers defaulting since January 15, 2020 and ICICI Bank, during the Covid-19 crisis, the Bombay high court said  ...

Read more orange-arrow
The department of promotion of industry and internal trade (DPIIT) has sought opening up 16 manufacturing segments.
13 May

The department of promotion of industry and internal trade (DPIIT) has sought opening up 16 manufacturing segments - from food and beverages to auto, ...

Read more orange-arrow
Top NBFC's may not get RBI repreive.
13 May

The country’s top NBFCs that are actively monitored by the RBI have around Rs 65,000 crore of bank debt maturing in three months and may not get any r ...

Read more orange-arrow
Risk of non- payment of debt of Rs 1.75 lakhs crore by NBFC.
11 May

Debt worth Rs 1.75 lakh crore, maturing by June 2020, may be at risk of not being paid if the RBI does not move quickly to cla ...

Read more orange-arrow
Retailers put limits on purchasing of essential food items.
11 May

With shortages across products, many large retail chains across the country are putting restrictions on how much a customer can purchase at a time to ...

Read more orange-arrow
Industry readies plans for resuming factories after lockdown.
11 May

 A leading consumer durables company has begun sanitising its plant in north India for a possible opening-up after three weeks of lockdown due to ...

Read more orange-arrow
India to stay centre for global energy demand: oil minister at G-20 Summit.
11 May

Energy ministers of G20 countries backed the deepest-ever production cut deal to rebalance the global oil market, with India and Saudi Arabia represen ...

Read more orange-arrow
Reinsurers’ policies not to cover pandemics
11 May

Most Indian organisers, like the Indian Premier League (IPL), missed out on a pandemic cover for events because the markets started shutting down soon ...

Read more orange-arrow
Kirana-supplying B2B cos see orders rise 60%
11 May

 India’s business-to-business (B2B) commerce startups like Udaan, Jumbotail, WayCool and Ninjacart which supply groceries and vegetables to tens ...

Read more orange-arrow
Global eco expected to slump in recession.
10 May

The Reserve Bank of India’s monetary policy report released  shows that while inflation is expected to be lower than expected, the coronavirus pa ...

Read more orange-arrow
Dal, atta , biscuits, noodles supply hit.
10 May

There is an acute shortage of staples like rice, atta and dal, and packaged foods like instant noodles, biscuits and snacks in many retail stores and ...

Read more orange-arrow
Factory output at 7 month high of 4.5% in feb.
10 May

The country’s industrial output growth rose to a seven-month high in February, led by a robust expansion in mining, manufacturing and electricity. But ...

Read more orange-arrow
Food delivery companies share staff’s temperature readings
10 May

India’s largest food delivery platforms like Zomato, Swiggy and Rebel Foods, which runs brands Behrouz Biryani and Ovenstory, and tea chain Chaayos ar ...

Read more orange-arrow
Indian can meet global HCQ demand with domestic.
10 May

 Ipca Labs has said there is a large supply of hydroxychloroquine (HCQ), the much-touted drug being used for treating certain Covid-19 patients, ...

Read more orange-arrow
IMF warns of worst fallout since Great depression.
10 May

Global growth will turn sharply negative in 2020, and the International Monetary Fund (IMF) anticipates the worst economic fallout since the Great Dep ...

Read more orange-arrow
Pharma FMCG stocks come as outliners during lockdown.
09 May

At a time when almost every sector is struggling with production and revenue generation and staring at probable losses due to coronavirus-related issu ...

Read more orange-arrow
Commerce department pitches for limited restarting of manufacturing.
09 May

The commerce and industry ministry has pitched for resumption of manufacturing activity, especially for exports, in a limited manner, with companies f ...

Read more orange-arrow
Nasscom seeks govt help for benched employees.
09 May

IT industry body Nasscom is seeking a financial package from the government to save the jobs of employees in business process management (BPM) firms a ...

Read more orange-arrow
Fuel demand likely to fall by 40% in April.
09 May

India's fuel demand, after falling by around 20 per cent in March, is likely to decline further to 40 per cent in April, impacting pricing and increas ...

Read more orange-arrow
3.5 lakh trucks carrying Rs 35,000 crore goods stranded on roads
09 May

 An estimated 3.5 lakh inter-state trucks carrying goods worth over Rs 35,000 crore are stranded on roads, outside factories and godowns, accordi ...

Read more orange-arrow
Maruti's production fell by 32% in march.
09 May

 The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 per cent in March.The company produced a total of 92,540 un ...

Read more orange-arrow
GDP to grow 1.6% IN FY21 as per Goldman sachs.
09 May

India’s GDP growth is estimated to plunge to 1.6% for fiscal year 2021due to the impact of the Covid-19 pandemic, down from the earlier projection of ...

Read more orange-arrow
Auto parts companies face late payments.
08 May

Payments to over 200 component suppliers in the auto industry will be partial and delayed as car makers Renault and Nissan, top two-wheeler seller Her ...

Read more orange-arrow
Kirana store come to rescue of their customers
08 May

Consumers are at their wits’ end. They wholeheartedly endorsed e-commerce as a new medium of ordering anything and everything including grocery in the ...

Read more orange-arrow
SBI reduces savings account interest rate to 2.75%.
08 May

The country’s largest lender, State Bank of India (SBI), announced today that it has cut interest rates on saving accounts by 25 basis points. With ef ...

Read more orange-arrow
Price hike by chinese suppliers hit Indian companies
08 May

 Chinese suppliers have raised prices of components by 2% and TV panels by 15%, piling more misery on the domestic consumer durables sector, Indi ...

Read more orange-arrow
Markets jittery over rising state bond yield.
08 May

The bond market is factoring in higher costs on states due to the pandemic, which could stretch their finances in the next few years.In recent state l ...

Read more orange-arrow
Zydus cadila boost HCQ production 10X
08 May

Zydus Cadila, one of the two largest manufacturers of key Covid drug hydroxychloroquine (HCQ), has ramped up its production by nearly 10X to 30 metric ...

Read more orange-arrow
Over 20% export orders cancelled.
07 May

Covid-19 has led to exporters bleeding with upwards of 15-20% of the orders getting cancelled and a major amount of funds being locked up, owing to no ...

Read more orange-arrow
Internet becomes biggest source for information and entertainment.
07 May

Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making ...

Read more orange-arrow
Staffing companies fears job cut after lockdown.
07 May

 Nearly 3.5 million employees who are on the rolls of various staffing companies are on tenterhooks as they wait for reopening of factories and o ...

Read more orange-arrow
Companies use halted plants’ kitchens to feed migrants
07 May

Factories are shut and workers are sitting idle. What better use could corporates have made of their factory kitchens in these unprecedented times, ot ...

Read more orange-arrow
Difficulty in getting new mobile connection as retail stores shut.
07 May

Issuance of new mobile connections has come to a complete halt during the lockdown, with retail stores of telecom companies being shut, thereby making ...

Read more orange-arrow
Retailers requested to add more items to key list of essential goods.
06 May

Retailers have sought inclusion of more items in the list of essential goods that consumers should be allowed during the lockdown due to the coronavir ...

Read more orange-arrow
Demand for summer products set to get hit.
06 May

The coronavirus cloud has taken the wind out of the sails of summer products such as air-conditioners, ice-creams, soft drinks, frozen desserts and re ...

Read more orange-arrow
Personal loans are now 28% of total bank credit.
06 May

The share of personal loans in the books of banks has outgrown credit to large industry over the last 12 months. Home loans are now the single biggest ...

Read more orange-arrow
IRDAI gives 30 more days to pay life insurance premium.
06 May

 IRDAI has given 30 extra days for life insurance policy holders to pay their premium if it was due in March and April 2020.On March 23, IRDAI ha ...

Read more orange-arrow
Companies see sharp impact on revenues, profits, jobs.
06 May

The coronavirus outbreak and the subsequent country-wide lockdown has deeply impacted India's economy, with a majority of the firms expecting a signif ...

Read more orange-arrow
Co- working companies waive rents, give offers to retain clients.
06 May

Several co-working space providers have waived rentals, or are providing rental discounts, for their customers for April, since most customers are not ...

Read more orange-arrow
Govt eases rules to aid supply chain.
04 May

Facing repeated complaints over issue of passes for essential services, the government eased rules as part of its latest set of efforts to supply good ...

Read more orange-arrow
Global companies pledge not to lay off staff.
04 May

A number of global companies most with large presence in India have assured employees that there will be no or insignificant layoffs while the Covid-1 ...

Read more orange-arrow
Users struggle to buy, repair key tech items.
04 May

Thousands of families across the nation are facing a hard time due to their gadgets malfunctioning at the ‘wrong time’. With lockdowns in place, neith ...

Read more orange-arrow
RBI halves market hours for Forex market and Govt securities.
04 May

The Reserve Bank of India (RBI), in an unprecedented move, cut market trading hours for both bonds and foreign exchange to four hours, citing possible ...

Read more orange-arrow
Fitch cuts growth forecast to 30-yr low of 2% for FY21
04 May

The Manila-based Asian Development Bank (ADB) has projected that India's GDP growth will slow to 4% in the current financial year (2020-21) due to a w ...

Read more orange-arrow
NBFC write to FM for three months mortarium.
04 May

 Non-banking finance companies (NBFCs) have written to the finance minister seeking relief under the three-month moratorium scheme announced by t ...

Read more orange-arrow
Real estate,airlines, auto dealers to be worst hit by coronavirus.
03 May

Real estate, airlines, auto dealers, gems & jewellery and steel are the sectors that are expected to be the worst hit and have the least resilienc ...

Read more orange-arrow
E-retailers customers have to wait longer for their refunds.
03 May

Thousands of merchants whose non-essential item orders were cancelled on Amazon India and Flipkart have to wait longer to get their payments cleared. ...

Read more orange-arrow
95% of 3 banks services from any branch.
03 May

A three-way merger has resulted in Punjab National Bank (PNB) emerging as the second-largest lender in the country. From the public face perspect ...

Read more orange-arrow
Validity of Health and Motor vehicle Insurance extended till April 21.
03 May

The Finance Ministry  announced that the validity of health and motor vehicle insurance policies has been extended till April 21 in view of the n ...

Read more orange-arrow
March factory activity grows at slowest pace in 4 months
03 May

Factory activity in the country grew at its slowest pace in four months as the impact of the coronavirus pandemic weighed on sentiment, clouding the b ...

Read more orange-arrow
HUL is the new owner of Horlicks, Boost.
02 May

The merger of GlaxoSmithKline Consumer Healthcare (GSKCH) with Hindustan Unilever (HUL) one of the largest FMCG deals is complete. Now, the board of H ...

Read more orange-arrow
Government misses FY20 revised selloff target by Rs 15,000 crore
02 May

The government missed its revised disinvestment target for 2019-20 and fell short by nearly Rs 15,000 crore, getting hit by the impact of Covid-19 on ...

Read more orange-arrow
E-retailers demanded national Passes for movement of goods.
02 May

Online retailers have demanded national passes for the movement of goods, a proposal that is likely to be shot down by the government, although they h ...

Read more orange-arrow
Azim Premji foundation, Wipro commit Rs 1,125 crore to tackle COVID-19 outbreak
02 May

 Azim Premji Foundation, Wipro and Wipro Enterprises together have committed an aid of Rs 1125 crore for tackling the unprecedented health and hu ...

Read more orange-arrow
PSB Mergers likely to be delayed
02 May

With the merger of 10 public sector banks coming into effect from April 16 lenders including one of the country's oldest Allahabad Bank have ceased to ...

Read more orange-arrow
Sensex down 1,203 points on global cues, weak auto sales
02 May

 A renewed global selloff due to coronavirus, US futures indicating a sharply lower open on Wall Street  and disappointing March auto sales ...

Read more orange-arrow
Donation to PM cares fund is eligible for 100% deduction under 80G of Income tax act.
01 May

 Any donation made to the PM CARES Fund shall be eligible for 100% deduction under section 80G of the I-T Act, according to the Ordinance . This ...

Read more orange-arrow
Banks to roll out EMI waiver options soon.
01 May

Banks will soon come out with the operational procedure for retail borrowers to avail a three-month moratorium on their loans. Most lenders plan to se ...

Read more orange-arrow
Nykaa raises Rs. 100 Crore from Steadview Capital.
01 May

Nykaa has raised a total of Rs 100 crore, or $13 million, from hedge fund Steadview Capital at a valuation of Rs 9,200 crore, or over $1.2 billion, ac ...

Read more orange-arrow
Govt eases procurement spending guidelines.
01 May

The government eased rules for procurement and spending to help a clutch of key departments and ministries engaged in the fight against the dreaded Co ...

Read more orange-arrow
World Economies will go into recession.
01 May

The world economy will go into recession this year with a predicted loss of global income in trillions of dollars and this will spell serious trouble ...

Read more orange-arrow
Sales of cars, bikes see worst crash in 20 years.
01 May

 Sales of cars and two wheelers crashed by record level in fiscal 2019 -20 , going down the most in over 20 years . And , the forecast looks more ...

Read more orange-arrow
Crude cheaper, Fuel prices may not dip.
31 May

Crude prices plunged to their lowest in 17 years but state-run fuel retailers continue to hold prices, creating headroom for the government to raise e ...

Read more orange-arrow
HC stays sale of Biyani's pledged shares.
31 May

In the first judicial order granting relief to a borrower hit by the coronavirus lockdown, the Bombay high court restrained IDBI Trusteeship and UBS B ...

Read more orange-arrow
Retailers, companies want more items in list of essentials.
31 May

Retailers have asked to include items such as storage containers, board games, cooking appliances and cleaning products like brooms and mops in the li ...

Read more orange-arrow
Government may abolish import duty on masks and ventilators.
31 May

 The government may do away with import duty on various medical devices and gear, including ventilators, protective masks and Personal Protection ...

Read more orange-arrow
SEBI relaxes debt default norms permitted by RBI.
31 May

 SEBI relaxed several compliance provisions for market participants by up to three months due to the unusual situation that has emerged because o ...

Read more orange-arrow
Mistry group seeks to raise up to $1 billion pledging Tata Sons stake
31 May

The Shapoorji Pallonji Group, controlled by Pallonji Mistry and his family, is in preliminary discussions to borrow as much as $1 billion to repay mat ...

Read more orange-arrow
Over 40 diesel cars to go off road in April 1.
30 May

In coming April, diesel versions of over 40 cars and SUVs will be phased out from the market as companies shift their focus completely to petrol model ...

Read more orange-arrow
Adani, Sajjan Jindal pledge Rs. 100 Crore each.
30 May

Gautam Adani, Sajjan Jindal and Uday Kotak are the latest to announce commitments worth crores of rupees to help India flatten the virus curve. Adani ...

Read more orange-arrow
Companies, LLPs get more time to file pending documents.
30 May

 In a one-time exercise, the ministry of corporate affairs is set to roll out a scheme enabling companies and limited liability partnership (LLP) ...

Read more orange-arrow
Mother dairy seeks to use E-grocers network for smooth distribution.
30 May

Mother Dairy  is ready to increase production and use the distribution network of the online players to reach consumers at locations that do not ...

Read more orange-arrow
Companies making advance payment of salaries to ease woes.
30 May

In a move that will calm the frayed nerves of employees, several organisations have disbursed March salaries early. Given the state of the economy, an ...

Read more orange-arrow
E-retailers will lead to loss of atleast $1 Billion due to lockdown.
30 May

The 21-day lockdown will lead to a loss of at least $1 billion in gross sales as India’s largest online retail platforms like Amazon and Flipkart stop ...

Read more orange-arrow
RBI cuts repo rate by 75 basis points.
28 May

The Reserve Bank of India (RBI) cut repo rates by 75 basis points (bps). It also made available Rs 3.74 lakh crore of additional liquidity to banks an ...

Read more orange-arrow
No damage in track record if EMIs not paid till May 31.
28 May

Borrowers, both individuals as well as businesses, can get a three-month break from their monthly installments and possibly credit card dues to help t ...

Read more orange-arrow
Long term Repo Operations to ease Mutual Funds debt pain.
28 May

Long-term repo operations (LTROs), the central bank’s new instrument to provide liquidity to bond investors including mutual funds, is showing good re ...

Read more orange-arrow
RBI goes abroad to stem exchange rate volatility.
28 May

Going beyond the country’s borders to stem exchange rate volatility, the Reserve Bank of India (RBI) said that Indian banks will be allowed to trade i ...

Read more orange-arrow
SBI reduces linked lending rate by 75 basis points.
28 May

State Bank of India (SBI) has passed on the entire cut in interest rates by the RBI to its borrowers by bringing down its external benchmark-linked le ...

Read more orange-arrow
Cognizant Technology Solutions to offer 25% Gratitude Pay.
28 May

Cognizant Technology Solutions on Friday announced that it will pay a ‘gratitude’ allowance of 25% of basic pay to more than 1.35 lakh employees in In ...

Read more orange-arrow
More Companies committed funds to help against Covid-19.
28 May

ITC, TVS, Ola and Reckitt Benckiser (RB) have joined the list of players of India Inc setting aside funds to help in the ongoing battle against the no ...

Read more orange-arrow
Sensex hits 30000 again, but closes at 29947 points.
27 May

The sensex gave up part of its early gains after the finance minister announced a Rs 1.7-lakh-crore financial package for the poor while the market wa ...

Read more orange-arrow
Due to Covid-19 effect, FY21 GDP rate to be at 2.6%
27 May

The impact of the coronavirus pandemic and the consequent 21-day countrywide lockdown will push India’s GDP (gross domestic product) growth to 2.6% fo ...

Read more orange-arrow
Swiggy ready for groceries services in 150 top cities.
27 May

Swiggy’s operations may have been disrupted since the ‘Janta Curfew’ was announced . But the online food delivery company has said it is willing to st ...

Read more orange-arrow
Mega bank consolidation on track, to take effect from Aprl 1.
27 May

The government said that the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus ...

Read more orange-arrow
Bajaj Group committed 100 Crore and Godrej commit 50 Crore to fight against Covid-19.
27 May

The Bajaj Group has committed Rs 100 crore to India's ongoing fight against the coronavirus disease. The funds will be used to upgrade "key" healthcar ...

Read more orange-arrow
Rs. 1.7 lakhs crore coronavirus package announced for poors.
27 May

The government announced a Rs 1.7 lakh crore package focused on emergency cash transfers into bank accounts of the poor, along with providing free foo ...

Read more orange-arrow
Curfew pushes daily item off the shelves
26 May

Many essential daily products have gone off the shelves. Truck movements between factories, warehouses and grocery stores had been hit earlier due to ...

Read more orange-arrow
Sebi writes to states to exempt staff of capital market entities from lockdown
26 May

The Securities and Exchange Board of India (Sebi) has written to all states and union territories to exempt the staff of notified entities from the na ...

Read more orange-arrow
Sensex increased by1862 points on RIL Gain.
26 May

Riding an unprecedented 20% surge in the RIL stock, the sensex rallied over 2,000 points in late trades to nearly 28,800. But it closed a tad off that ...

Read more orange-arrow
US lawmakers poised to pass the largest bailout in history.
26 May

US lawmakers are poised to approve the largest bailout in American history, a $2 trillion aid package that will put at least $ 1200 in the pocket of 9 ...

Read more orange-arrow
Drug, medical device makers slowing down their plants.
26 May

Faced with a supply disruption, pharma companies and medical device manufacturers are warning of potential shortages over the next few weeks, with man ...

Read more orange-arrow
banks offers emergency salary and business loans
26 May

State-owned banks have taken the initiative with loan offerings aimed to minimise the current slowdown’s impact on individuals and small businesses. S ...

Read more orange-arrow
RBI should take unconventional measures to boost liquidity.
25 May

Mutual funds, corporates and some private lenders are facing a liquidity crunch and the Reserve Bank of India (RBI) needs to take unconventional measu ...

Read more orange-arrow
Facebook in talks to buy 10% stake in Jio.
25 May

Facebook is in talks to buy a 10% stake in Reliance Jio.The US-based technology giant, which also owns Instagram and WhatsApp, was close to signing a ...

Read more orange-arrow
Streaming and Internet Companies to reduce Quality content.
25 May

Streaming and internet companies such as Amazon, Netflix, Hotstar, YouTube, Instagram and Facebook will reduce the quality of content on their platfor ...

Read more orange-arrow
India's government will soon announce a fiscal package to help the economy face the impact of the coronavirus.
25 May

An economic package to deal with COVID-19 situation will be announced soon, Finance Minister states that the government and regulators are constantly ...

Read more orange-arrow
India's imports declined by 16% and exports dropped by 8.2%.
25 May

India's imports have declined nearly 16% to $23 billion during March 1-19, while exports dropped 8.2% to $16.3 billion.Of the 30 major sectors tracked ...

Read more orange-arrow
Pharma companies in panic mode as lockdown hits supply chain
25 May

India's pharma companies are in a panic mode and fear drug shortage, as the national lockdown announced by Prime Minister Narendra Modi has led to dis ...

Read more orange-arrow
2-wheeler cos saddled with Rs 2,500cr BS4 inventory
24 May

As markets go quite due to severe restrictions over coronavirus, two-wheeler companies are left with BS4 inventory worth over Rs 2,500 crore with litt ...

Read more orange-arrow
India Inc loosens purse strings to battle Covid-19
24 May

From wealthy businessmen to well-known banks, India Inc is pledging its support in the fight against Covid-19. Mukesh Ambani, Venu Srinivasan, Axis Ba ...

Read more orange-arrow
Medical insurance covers see 42% growth in Feb
24 May

Medical insurance premiums witnessed a substantial spike in February with the overall growth in the healthcare industry rising aggressively by 42 perc ...

Read more orange-arrow
Easing loan repayment norms inevitable: Aditya Puri
24 May

HDFC Bank chief Aditya Puri said that authorities had no choice but to allow forbearance on loans and to provide a fiscal stimulus given the current s ...

Read more orange-arrow
Rupee hits 76.29 amid calls to freeze mkts
24 May

The rupee hit a new low of 76.29 against the dollar as equity markets went into a free fall on the back of relentless sale by foreign institutional in ...

Read more orange-arrow
PM Modi tells India Inc to ensure there are no supply hiccups
24 May

Prime Minister Narendra Modi on Monday asked Indian companies to ensure that there are no supply disruptions during the coronavirus crisis, which has ...

Read more orange-arrow
Auto, electronics, white goods cos suspend output
23 May

Production at factories is grinding to a halt as fear and precautions against coronavirus pick up pace across the country. The categories that will be ...

Read more orange-arrow
cos cover may lapse on shutdown
23 May

Large corporations risk lapsing insurance policies for their plant and machinery as well as people since both insurers and corporates are forced to sh ...

Read more orange-arrow
India Inc steps up to fund fight against coronavirus
23 May

Corporate India is increasingly revealing its generous side to commit assistance in various forms in the country’s fight against the virus. Billionair ...

Read more orange-arrow
PM Modi bats for e-payment, ‘will aid social distancing’
23 May

Prime Minister Narendra Modi nudged citizens to use digital payment tools as these are safer during the coronavirus pandemic. This is the time to ensu ...

Read more orange-arrow
Cops stop e-comm staff despite ‘essential biz’ tag
23 May

Online grocery retailers like Bigbasket and Grofers besides e-pharmacy players said their delivery executives were stopped by police personnel across ...

Read more orange-arrow
Oil windfall can fund income support
23 May

The government should use the gains from a sharp slide in global crude prices to fund measures to combat the challenges posed by the coronavirus pande ...

Read more orange-arrow
Cos get 45 days more for Q4 results, 1 mth for FY20
20 May

SEBI on 19.03.2020 eased compliance requirements for listed companies by allowing an additional 45 days to file their fourth quarter results and a fur ...

Read more orange-arrow
The rupee is likely to remain under pressure in the foreseeable future.
20 May

The scramble to hold cash amid fears of a freeze in the global financial markets led to overseas investors dumping shares, sending the rupee tumbling ...

Read more orange-arrow
Hikes, bonuses get a hit as IT firms get ready for slump
20 May

India’s IT services companies may freeze pay hikes and cut bonuses to deal with the business slowdown sparked by shutdowns due to the Covid-19 outbrea ...

Read more orange-arrow
Companies may cut spends and pay to survive
20 May

Indian startups and SMEs have begun evaluating their options to cut spending as demand for their products and services has taken a massive hit due to ...

Read more orange-arrow
Bike companies offer record discounts to liquidate BS-IV inventory
20 May

In the face of a sharp downturn in footfalls across automobile showrooms in the country, two-wheeler makers are extending record discounts to liquidat ...

Read more orange-arrow
Telcos won’t get 20 years to pay AGR dues if licences expire
20 May

 The Department of Telecommunications (DoT) will not allow operators to use the full 20-year period to pay their adjusted gross revenue (AGR) due ...

Read more orange-arrow
Fuel prices may not match the fall in crude prices
19 May

The nightmare in the oil industry keeps getting worse, the wheel is coming full circle for the oil market as it seems to be driving towards $20/barrel ...

Read more orange-arrow
ICAI to issue advisory on dealing with coronavirus impact on auditing work
19 May

Institute of Chartered Accountants of India (ICAI) will be issuing an advisory to auditors on how to deal with the coronavirus pandemic impact, mainly ...

Read more orange-arrow
No relief for telcos over AGR dues; SC slams Center
19 May

The Supreme Court on 18.03.20 banned any further reassessment or self-assessment of telcos’ adjusted gross revenue (AGR) dues, dubbing attempts to reo ...

Read more orange-arrow
Rs 5k-crore blow to events & hospitality industry in Raj
19 May

Estimated to be around Rs 5,000 crore, the events and hospitality industry in Rajasthan has come to a grinding halt threatening the livelihood of many ...

Read more orange-arrow
National Restaurant Association advises restaurants to shut down ops till March 31
19 May

The National Restaurant Association (NRAI) has advised its restaurant members to shut down dine-in operations from March 18 to March 31, in view of th ...

Read more orange-arrow
Local language content cos help stem fake info
19 May

Regional language content startups, which usually cater to gig economy workers, daily wage earners, housewives, and students, are amplifying their out ...

Read more orange-arrow
App taxi fares touch rock bottom as demand falls 50%
19 May

Fares on ride-hailing platforms such as Uber, Ola, and Meru have hit rock bottom as demand for such services fell nearly 50% over the last two weeks, ...

Read more orange-arrow
Expert Group will be formed to decide Disputed AGR dues.
18 May

The government will form an expert group to decide over Rs 82,300-crore disputed AGR (adjusted gross revenue) claims that have arisen due to differenc ...

Read more orange-arrow
Debenture Trustees moved to high court against decsion of write off of AT-1 bonds by Yes Bank.
18 May

Debenture trustees argued before the Bombay high court that at least 20% of the additional tier-1 (AT-1) bonds issued by Yes Bank may be converted int ...

Read more orange-arrow
Large banks will take special measures to help businesses hit by covid-19.
18 May

Large banks had an emergency meeting to explore ways to lend a helping hand to businesses hit by the Covid-19 outbreak. At the  video conference ...

Read more orange-arrow
Export Norms may be eased for Pharma.
18 May

The commerce and industry ministry is studying a proposal to allow exports of drugs from active pharmaceutical ingredients (API) which have been impor ...

Read more orange-arrow
HIghway Construction Down to 26 KM a day.
18 May

The daily pace of construction of highways has taken a hit in FY20. The year may end with a figure of around 26 km per day, a considerable dip from FY ...

Read more orange-arrow
Companies Amendment Bill introduced in Lok Sabha 2020.
18 May

The government introduced a bill in Lok Sabha to amend the Companies Act proposing 72 changes to removing criminality from host of offences under the ...

Read more orange-arrow
RBI infused Rs.1 lakh crore liquidity through a long term Repo operation.
17 May

Reserve Bank of India (RBI) governor Shaktikanta Das announced a Rs 1-lakh-crore liquidity infusion for banks through a long-term repo operation (LTRO ...

Read more orange-arrow
Yes Bank to write down Rs 8,415 crore of additional tier-1 (AT-1) bonds.
17 May

Many retail investors are in a state of shock with Yes Bank’s decision to write down Rs 8,415 crore worth of additional tier-1 (AT-1) bonds out of the ...

Read more orange-arrow
US Fed slashes rates to near zero to cushion coronavirus blow.
17 May

To support the economy during the coronavirus pandemic, the Federal Reserve announced slashing interest rates to near zero and unveiled a sweeping se ...

Read more orange-arrow
Government seeks Supreme Court nod to grant 20 years to telcos.
17 May

The Centre  sought the Supreme Court’s approval to grant 20 years’ time to telecom companies to pay in installments Rs 1.69 lakh crore on account ...

Read more orange-arrow
Most Airlines could go bankrupt by end of May.
17 May

The Covid-19 pandemic will push most airlines across the globe to bankruptcy by the end of May, as per aviation consultancy Centre for Asia Pacific Av ...

Read more orange-arrow
HUL, Godrej, Dabur , Dmart set to gain
17 May

 Amid the clampdown on public gathering by shutting off malls, cinema halls, and pubs to curtail the spread of Covid-19, investors bullish on Ind ...

Read more orange-arrow
Settlement of AGR dues has been started by DoT from the receipt of Rs. 25700 crore.
16 May

The telecom department has started  the process to settle AGR dues using the RS 25700 crore payment it received from mobile operators such as Vod ...

Read more orange-arrow
New norms for Debit and Credit Card security.
16 May

Credit and debit cardholders that have not used their cards for contactless or international payments may find these features deactivated. These featu ...

Read more orange-arrow
Auto companies to approach supreme court for extension in time to register BS IV vehicles.
16 May

The auto industry has been going through its worst sales slowdown for more than a year now. With the country switching to BS-VI emission standards on ...

Read more orange-arrow
Prices of electronics goods to go up due to steep depreciation of the rupee against dollar.
16 May

Prices of television, refrigerator and washing machine are set to go up due to steep depreciation of the rupee against the dollar.Smartphone makers su ...

Read more orange-arrow
To implement Vivad Se Vishwas Scheme , tax officials are ready with rules and forms.
16 May

Tax officials are ready with necessary rules and forms under the Vivad Se Vishwas Scheme to settle direct tax disputes, and will issue them soon after ...

Read more orange-arrow
Empowered Group of ministers (EGOM) may be set up for telecom relief measures
16 May

The government is considering setting up an empowered group of ministers (eGoM) to oversee steps to tide over the adjusted gross revenue (AGR) crisis ...

Read more orange-arrow
Stocks, Rupee likely to remain Volatile.
16 May

 A revival in equity indices, underpinned by the latest round of coordinated stimulus measures by major governments and top central banks, could ...

Read more orange-arrow
Sensex posted a spectucular recovery and close more than 1300 points higher on friday.
14 May

BSE’s Sensex fell below 30,000 and NSE’s Nifty breached the 9,000-mark early on Friday, resulting in the market sinking deeper into the bear territory ...

Read more orange-arrow
Union Cabinet has approved the reconstruction scheme for Yes Bank proposed by the Reserve Bank of India.
14 May


Union Cabinet has approved the reconstruction scheme for Yes Bank proposed by the Reserve Bank of India. Finance Minister Nirmala Sitharaman state ...

Read more orange-arrow
Sales of passenger vehicles dropped 7.61% to 251,516 units in the month
14 May

Automobile sales across categories declined last month with carmakers aligning stocks ahead of the industry’s transition to BS-VI emission standards i ...

Read more orange-arrow
Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP)
14 May

The Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP), a scheme for exporters to reimburse taxes and duties paid by ...

Read more orange-arrow
A proposal by DOT to allow companies to make interest-free AGR payment of Rs 1.47 lakh crore over 20 years.
14 May

The telecom department (DoT) moved a proposal to allow companies to make interest-free adjusted gross revenue (AGR) payment of Rs 1.47 lakh crore over ...

Read more orange-arrow
The rupee rebounded from a record low of 74.49 to close 31 paise higher at 73.91
14 May

The rupee rebounded from a record low of 74.49 to close 31 paise higher at 73.91 against the dollar following a recovery in the stock markets and RBI’ ...

Read more orange-arrow
Travel indusrty seeks relief from government due to 80% cancellations.
13 May

Due to covid-19 Outbreak  and aslo because of the suspension of visa by government for a month ,the Travel Agents Association of India (TAAI) sai ...

Read more orange-arrow
Toyota, Maruti, Tata Motors and auto giants are stopping production of some models
13 May

Some of the popular passenger vehicles to run on Indian roads will go missing as auto manufacturers are rationalizing the number of vehicles they prod ...

Read more orange-arrow
Insolvency resolution framework proposed by govt. for IL&FS cleared by NCLAT.
13 May

The National Company Law Appellate Tribunal (NCLAT) in its final judgement on the insolvency proceedings against Infrastructure Leasing & Financia ...

Read more orange-arrow
Sensex, Nifty at two years low.
13 May

Wall Street plunged into bear territory  after falling 20.5 per cent from all time highs on Wednesday. The slide continued  when benchmarks ...

Read more orange-arrow
RBI announced to open $2 billion Rupee-USD Swap window.
13 May

The Reserve Bank of India made its first decisive move to counter the coronavirus triggered market volatility by opening a US dollar – Indian Rupee sw ...

Read more orange-arrow
SBI will be joined by 7 investors to put over Rs.12000 crore into yes bank.
13 May

State Bank of India will be joined by private lenders ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank as well as investors Radhakishan Damani ...

Read more orange-arrow
ICICI, HDFC, Kotak Mahindra & Axis tapped for Yes Revival
12 May

HDFC Bank, ICICI Bank, and Kotak Mahindra Bank have been approached for equity infusion in the troubled bank. A host of public sector banks have also ...

Read more orange-arrow
Screening of all cargo vessels coming from affected Covid-19 countries
12 May

Supplies of parts for cars, smartphones, televisions, and home appliances and some finished electronic items may be further delayed by a few days afte ...

Read more orange-arrow
SBI to offer microfinance at rates lower than existing players
12 May

State Bank of India (SBI) has decided to enter the microfinance market that has shown immunity to economic downturn. It is planning to offer microloan ...

Read more orange-arrow
SBI cuts interest rate on savings accounts to 3%
12 May

The State Bank of India (SBI) on March 11 cut the interest rate on all savings bank accounts to a flat 3 percent.
The bank also waived off the requ ...

Read more orange-arrow
Fear factor hits private lenders after Fallout of Yes Bank crisis
12 May

Smaller private banks were bearing the brunt of collateral damage triggered by the crisis in Yes Bank. Dogged by rumours and news of state authorities ...

Read more orange-arrow
ICAI to review books of Yes Bank for FY18, FY19
12 May

Accounting rule maker and self-regulator the Institute of Chartered Accountants of India (ICAI) on Wednesday said it will review the financial stateme ...

Read more orange-arrow
SBI to submit rescue plan to RBI in a week
11 May

State Bank of India will submit its rescue plan for Yes Bank within a week to the Reserve Bank of India (RBI) that will likely entail a maximum invest ...

Read more orange-arrow
Cos may find it difficult to clock substantial revenue growth for the ongoing fiscal year
11 May

India Inc’s revenue growth is likely to hit a four-year low in the ongoing financial year, as slack demand in the first nine months and a higher base ...

Read more orange-arrow
Falling oil prices will lend a big boost to several sectors and help contain fiscal deficit.
11 May

A fall in crude oil prices is perceived to be a positive for the Indian economy as well as stock markets. The relationship between the Sensex and crud ...

Read more orange-arrow
Indian Bond yields slips to 11-year low
11 May

The benchmark bond yield slid to an 11-year low amid dipping global crude oil prices. While the outbreak of Covid-19 stoked investor fear pointing to ...

Read more orange-arrow
Shares of ONGC, RIL plunge while HPCL, BPCL gain
11 May

The slump in oil prices precipitated by the price war between Saudi Arabia and Russia saw shares of Indian oil explorers plummeting. Oil and Natural G ...

Read more orange-arrow
European Union has requested a WTO panel to probe the India's high basic customs duty on high-end smartphones
11 May

Smartphone makers including Apple and Lava have told the government that India’s $28 billion handset manufacturing industry faces a looming threat pos ...

Read more orange-arrow
RBI will come with a scheme shortly to revive Yes bank.
07 May

After restricting withdrawal limit at the Yes Bank, Reserve Bank of India (RBI) governor Shaktikanta Das said that the central bank will soon take "sw ...

Read more orange-arrow
FM asks RBI to Fix Accountability.
07 May

Finance minister Nirmala Sitharaman said she has asked the RBI to undertake a comprehensive probe on what exactly went wrong at Yes Bank and fix indiv ...

Read more orange-arrow
SBI to invest Rs.2450 cr for a 49% stake into Yes Bank.
07 May

The Reserve Bank of India (RBI) announced a draft reconstruction scheme for the beleaguered Yes Bank, aimed at protecting depositors funds while bring ...

Read more orange-arrow
Pharma cos have started to airlift raw material to ensure no supply disruptions.
07 May

Pharmaceutical companies are trying to ensure that there are no supply disruptions due to prolonged lockdown in production activity in China following ...

Read more orange-arrow
Jaguar Land Rover experiences 85% downfall in sales in February
07 May

India's largest automobile manufacturer Tata Motors on  said the outbreak of Coronavirus and the resultant shutdown of various parts of China has ...

Read more orange-arrow
Maruti Suzuki cuts production by 5.38% at 1,40,933 units in February
07 May

The country's largest carmaker Maruti Suzuki India cut production by 5.38 per cent in February at 1,40,933 units, according to a regulatory filing by ...

Read more orange-arrow
RBI supersedes Yes Bank board, caps withdrawals at Rs 50,000
06 May

The Reserve Bank of India  superseded the board of directors of troubled Yes Bank for a period of 30 days “owing to serio ...

Read more orange-arrow
Motor Third Party insurance rates may increase upto 11%
06 May

Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with regulator IRDAI proposing substantial increase in premium r ...

Read more orange-arrow
Making a legitimate cryptocurrency market in india will be a challenge.
06 May

After the Supreme Court’s landmark verdict lifting the ban on cryptocurrencies in India, interest has spiked overnight, according to exchanges. Player ...

Read more orange-arrow
Jet Airways' Naresh Goyal, wife questioned by ED for Money laundering.
06 May

The Enforcement Directorate  questioned former Jet Airways founder Naresh Goyal and his wife Anita for more than six hours in connection with a m ...

Read more orange-arrow
NCLT allows reopening of CG Power's Financial Statements.
06 May

NCLT allows MCA to reopen CG Power accounts for 5 years Plea filed by Ministry after allegations of fraud were levelled against Gautam Thapar.The Mumb ...

Read more orange-arrow
Karnataka to open Use of Electric Two Wheeler as Taxis.
06 May

The Karnataka government  proposed using electric two-wheelers as taxis on Bengaluru roads, potentially leapfrogging regulations around using pet ...

Read more orange-arrow
AAR Disputes not within VIvad se Vishwas Ambit.
06 May

Tax disputes pending before the Authority of Advance Ruling (AAR) will not be covered under the Vivad Se Vishwas scheme, which aims at settling pendin ...

Read more orange-arrow
Supreme court quashes the earlier ban imposed by RBI on cryptocurrency Trading.
05 May

The Supreme Court allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currenci ...

Read more orange-arrow
OYO is planning to fire 5000 employees worldwide.
05 May

OYO Hotels & Homes will fire about 5,000 employees across the globe, with a significant number of the dismissals taking place in China.OYO's secon ...

Read more orange-arrow
Niti Aayog, CCI oppose fixing floor for telecom tariffs
05 May

 Niti Aayog and the Competition Commission of India (CCI) have opposed any move to fix a floor tariff for voice and data services.The reason is s ...

Read more orange-arrow
India refuses capping its input subsidy for irrigation etc.
05 May

India has ruled out any chances of capping input subsidies for irrigation, fertilisers and electricity, stating that these support rural development, ...

Read more orange-arrow
Fastest Expansion in services, Feb PMI rises to 57.5.
05 May

The IHS Markit India Services Business Activity Index rose to 57.5 in February from 55.5 in January. The Services PMI has increased for the fifth succ ...

Read more orange-arrow
NCLAT directs CCI to investigate Flipkart.
05 May

The National Company Law Appellate Tribunal asked CCI to investigate Walmart-owned Flipkart for alleged unfair business practices through misuse of it ...

Read more orange-arrow
Decriminilisation of 40 sections of Companies Act may get cabinet nod today.
04 May

The Union Cabinet may clear amendments to the Companies Act including allowing Indian companies to directly list overseas, a&n ...

Read more orange-arrow
Govt. is planning to provide incentives to domestic manufacutrer of bulk drugs.
04 May

In the wake of the coronavirus outbreak, there has been disruption in supply chain of imported APIs and key starting materials from China, which could ...

Read more orange-arrow
E-tailers to rejig supply chains on shortage fears
04 May

India’s two largest E-tailers Amazon and Walmart-owned Flipkart are scrambling to minimise the effect of Covid-19 on the supply chains for two of thei ...

Read more orange-arrow
RBI ready to safeguard the country's banking system
04 May

The Reserve Bank of India (RBI) said it stands ready to safeguard the country’s banking system from financial and market risks stemming from the sprea ...

Read more orange-arrow
DOT recieved Rs. 8000 crore from the telecos.
04 May

Vodafone Idea, Bharti Airtel and Reliance Jio on paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said ...

Read more orange-arrow
Due to Coronavirus, Jio may opt for Multiple Vendors strategy.
04 May

Due to continuation of the deadly Covid-19 outbreak may drive Reliance Jio Infocomm to consider a multi-vendor strategy as its current 4G networks ven ...

Read more orange-arrow
Government seeks to shield independent directors
03 May

The Ministry of Corporate Affairs (MCA) has instructed the Registrars of Companies (RoCs) to act against independent and non-executive directors only ...

Read more orange-arrow
Virus biggest threat to global economy since financial crisis:OECD
03 May

The outbreak of Covid-19 presents the global economy with its greatest danger since the financial crisis, raising the risk of restrictions on movement ...

Read more orange-arrow
India must draw in companies seeking China alternative: Mark Mobius
03 May

Emerging markets fund manager Mark Mobius is bullish about Indian equities amid the global Covid-19 outbreak. The Indian equity market looks good not ...

Read more orange-arrow
Offline retailers running out of handsets as distributors hoard
03 May

Offline phone sellers are facing a shortage of top-selling models as some wholesalers are holding back stocks of popular phone models in anticipation ...

Read more orange-arrow
India’s oil import bill is expected to shrink sharper than previously estimated
03 May

Crude fall to bring smaller oil import bill sharper than previously estimated 6% as the increasing spread of Covid-19 across the globe has depressed c ...

Read more orange-arrow
Realty developers outsourcing sales to cut recurring costs
03 May

With pressure on margins and no visible upside on residential property prices, a rising number of real estate developers are outsourcing their sales a ...

Read more orange-arrow
Govt plans to enhance ethanol production, increase blending to reduce oil imports
03 May

The government is planning to more than double ethanol production from 3.55 billion litres to 9 billion litres  in two years and increase blendin ...

Read more orange-arrow
Dividend Distribution Tax will be levied on InvITs and REITs
02 May

The government is holding firm on its proposal to levy dividend distribution tax on infrastructure investment trusts (InvITs) and real estate investme ...

Read more orange-arrow
Bank Credit growth declined to 8.5% in Jan.
02 May

Bank credit growth declined to 8.5% in January from 13.5% in the january 2019 led by sharp slow down in loans to the services sector. Growth in a ...

Read more orange-arrow
Due to Covid-19 outbreak, low supplies of Iphones & other handset.
02 May

Supplies of iPhones and other handset brands are running low at shops in India as disruptions stemming from the Covid-19 outbreak. Xiaomi, TCL and Rea ...

Read more orange-arrow
Niti Aayog, health ministry reach consensus on Medical Devices Bill
02 May

The final draft of the Medical Devices (Safety, Effectiveness and Innovation) Bill, 2019, proposes that medical devices should be regulated by a separ ...

Read more orange-arrow
PSU's are not keen to opt for Vivaad se VIshwas Scheme.
02 May

Public sector banks and government-owned companies aren’t too keen on opting for the ‘Vivaad se Vishwas’ tax dispute settlement scheme, Life Insurance ...

Read more orange-arrow
TRAI has claimed jurisdiction to regulate CSPs.
29 May

TRAI circulates a consultation paper seeking suggestions for a framework to set up an industry body to regulate cloud service providers (CSPs) like Am ...

Read more orange-arrow
Due to Coronavirus outbreak, China Expats may not get back to India jobs.
29 May

Due to Coronavirus outbreak, China Expats may not get back to India jobs. The China Expats had gone home for the Chinese New Year toward the end of Ja ...

Read more orange-arrow
Govt suggesting Self regulatory model for online streaming platforms.
29 May

The government has said it does not have powers to regulate internet content, but suggested an institutional self-regulatory model similar to traditio ...

Read more orange-arrow
Suzlon Energy board has approved a restructuring plan.
29 May

Suzlon Energy set to get Rs 400-cr infusion through various securities. The promoters and associates of Suzlon Energy will infuse up to Rs 400 crore a ...

Read more orange-arrow
Jaypee Infra will get back 858 acres
29 May

In a boost for public sector construction company NBCC's bid for Jaypee Infratech, the Supreme Court has ruled that 858 acres belonging to the bankrup ...

Read more orange-arrow
Oil prices at its three year low due to impact of Coronavirus.
29 May

Oil prices tested a three-year low  due to heightened fear of deeper impact of the corona virus outbreak crushing global economic growth and ener ...

Read more orange-arrow
Operators may move to Telecom Tribunal against higher AGR demands
28 May

Mobile phone operators are prepared to move the telecom tribunal if the Department of Telecom (DoT) demands higher Adjusted Gross Revenue (AGR) dues t ...

Read more orange-arrow
EPFO rate reduced to 8.5% for FY20.
28 May

The EPFO is considering a cut of 15 basis points in the interest rate on PF deposits in FY20 to 8.5%. Provident fund deposits had fetched 8.65% in FY1 ...

Read more orange-arrow
TDS on online merchants, may lead to working capital crunch.
28 May

The proposal to deduct tax at source from online merchants, lead to a working capital crunch for some of the largest sellers on India's top two ecomme ...

Read more orange-arrow
Foreign Investors sentiment not dampened despite CAA Stir.
28 May

Union Finance Minister Nirmala Sitharaman said that investor sentiment has not been dampened by Anti-Citizenship Amendment Act protests and the recent ...

Read more orange-arrow
SAT allows lender to sell Rel Gen Insurance
28 May

In a victory for Reliance Home Finance’s lenders Nippon India Mutual Fund and Credit Suisse, the Securities Appellate Tribunal (SAT) has upheld their ...

Read more orange-arrow
Global market tumble as virus cases spike
28 May

Global markets tumbled on Thursday as jittery investors again abandoned risky investments because of worries about the spreading coronavirus outbreak ...

Read more orange-arrow
Vodafone Idea request DoT to allow to pay AGR dues over 15 years.
27 May

Financially stressed telecom operator Vodafone Idea ask Department of Telecommunications (DoT), for adjustment of goods and services tax (GST) refund ...

Read more orange-arrow
Govt will revamp the IT act ,2000
27 May

The government will revamp the Information Technology (IT) Act, 2000 as when the act was drafted,mobiles and social media were not so popular as well ...

Read more orange-arrow
TV's, AC's and fridges prices will increase.
27 May

Consumer electronics companies plan to increase prices of refrigerators, air-conditioners, microwave ovens and washing machines from March due to high ...

Read more orange-arrow
Domestic Steel companies going to increase the price
27 May

With imports hit by coronavirus outbreak, domestic makers see increased demand. Contrary to the expectation of a fall in metal prices due to the coron ...

Read more orange-arrow
No uncertainity in merger of 10 banks.
27 May

Last year in August, the government announced the consolidation of 10 public sector banks into four mega state-owned lenders effective April 1. In reg ...

Read more orange-arrow
Direct sales of Mutual Funds on Exchanges allowed by SEBI.
27 May

Sebi has allowed investors to directly use the infrastructure of stock exchanges to purchase and redeem units directly from asset management companies ...

Read more orange-arrow
RBI allows Bandhan Bank to open new branches without prior permission
26 May

The Reserve bank of India lifted the restrictions placed on Bandhan Bank, allowing it to open new branches without prior permission. In a notice to th ...

Read more orange-arrow
DoT to send notice to TATAs on AGR dues
26 May

Tata Sons chairman N Chandrasekaran insisted on making a case for the group’s decision to pay only Rs 2,197 crore against the Rs 13,823 crore demanded ...

Read more orange-arrow
SEBI probe hints at IndiGo flouting related-party rules
26 May

A preliminary probe by markets regulator SEBI has suggested prima facie violations of corporate governance and listing disclosure norms in certain rel ...

Read more orange-arrow
Trade deal between US-India by year-end
26 May

US President Donald Trump on 25.02.20 indicated that the much-awaited “big trade deal” with India could be concluded towards the end of the year, whil ...

Read more orange-arrow
Rajasthan plans to set up 30,000 MW of solar power plants in next 5 years
26 May

Rajasthan plans to set up 30,000 MW of solar power plants in next 5 years and is in talks with leading private and state-run companies to develop ener ...

Read more orange-arrow
Full pension after 15 yrs of commutation post retirement
26 May

The labour ministry has notified the restoration of full pension after 15 years of retirement for pensioners who have commuted part of their pension a ...

Read more orange-arrow
Focus on property registration in Ease of Doing Business push starting off with metropolitan
26 May

The government is working on improving the business climate, particularly ease of registering property, in Kolkata and Bengaluru because these two cit ...

Read more orange-arrow
HUL to set up new manufacturing arm to help co avail lower 15% tax
25 May


Hindustan Unilever Ltd (HUL) announced plans to set up a new subsidiary in India, perhaps the first large company to take advantage of the lower c ...

Read more orange-arrow
TVS Motor sees February output taking 10% hit
25 May

TVS Motor said it might witness a 10% drop in its production for February due to the impact of the coronavirus (Covid-19) outbreak in China.There is a ...

Read more orange-arrow
Tata Group refutes Rs 13,823cr AGR demand, says Rs 2,197cr paid
25 May

The Tata Group has told the government that its share in the adjusted gross revenue (AGR) dues is Rs 2,197 crore only, which it has already paid, and ...

Read more orange-arrow
Tata Teleservices may recieve AGR notice from DoT.
24 May

The Department of Telecommunications (DoT) is likely to issue a notice to Tata Teleservices  demanding payment of balance adjusted gross revenue ...

Read more orange-arrow
Vodafone idea can only exit after NCLT approval.
24 May

Vodafone Idea will not be able to cash out of the Bharti Infratel-Indus Towers merged entity early enough to generate money to help pay off a bigger p ...

Read more orange-arrow
Banks awaiting clarification for calculation of CRR Exemption.
24 May

Bankers are awaiting clarity on exemption on maintenance of cash reserve ratio (CRR) amid confusion over how the incentive for lenders will be calcula ...

Read more orange-arrow
India will block European Union request for dispute panel at World Trade Organization
24 May

The European Union (EU) initiated dispute proceedings last year alleging India levied excess tariffs than what it had committed to in its tariff sched ...

Read more orange-arrow
Indian Bank to stop loading Rs 2,000 notes in its ATMs.
24 May

Indian Bank has decided to load more of Rs 200 notes and stop loading and dispensation of Rs 2,000 notes in its ATMs as a customer friendly move." Aft ...

Read more orange-arrow
RBI may provide relief to Bandhan Bank for promoter holding.
24 May

The Reserve Bank of India (RBI) may offer a breather to Bandhan Bank to dilute its promoter holding after allowing another private lender Kotak Mahind ...

Read more orange-arrow
Govt to Seek relaxation in NPA's for comapnies hit by coronavirus
22 May

The government is going to seek a relaxation in rules for classification of bank loans to a certain set of companies as a “sub-standard” asset. T ...

Read more orange-arrow
Question raised on PhonePe ATM business due to absence of rules.
22 May

PhonePe ATM, a new service that lets consumers withdraw cash from its offline merchants via the Unified Payments Interface (UPI), has angered rivals w ...

Read more orange-arrow
Flipkart challenges CCI probe.
22 May

After Amazon, Walmart's Flipkart has filed a petition challenging the anti-trust probe ordered by Competition Commission of India (CCI). Flipkart argu ...

Read more orange-arrow
TRAI proposes reforms in merger norms for telecom licences
22 May

In a bid to reform norms for transfer and merger of telecom licences, TRAI on 21.02.20 suggested that while both subscriber base and revenue are consi ...

Read more orange-arrow
Scrap vehicle market can create business worth Rs. 43000 crore.
22 May

The vehicle scrappage policy in India can help create an industry of its own with a business opportunity of Rs 43,000 crore.The government expects rec ...

Read more orange-arrow
Govt considering stress fund for distressed telcoms.
22 May

The government is considering the possibility of setting up a stress fund for the telecom sector that could lend to companies such as Vodafone Idea to ...

Read more orange-arrow
Auto Companies have huge stock of BS-IV cars to sell before March.
21 May

Dealership has a pile up of Bharat Stage-IV emission norms compliant vehicles which cannot be sold or registered in the country from April, even after ...

Read more orange-arrow
Flipkart will Launch its wholesale business in the next Quarter.
21 May

Flipkart will launch its wholesale business in the upcoming quarter. Flipkart has over the last few months increased its supply chain capabilities and ...

Read more orange-arrow
New Methodology to assess Poverty.
21 May

To estimate poverty, a nation-wide survey has been launched to capture household accessibility to amenities including nutrition, drinking water, housi ...

Read more orange-arrow
Telecom dues Calculation by DOT for each circle.
21 May

In perhaps the first step towards invoking bank guarantees of defaulting mobile companies over the adjusted gross revenue (AGR) matter, the department ...

Read more orange-arrow
Employee can switch to new tax regime during ITR filing.
21 May

Salaried people can choose either of the two income tax regimes at the time of filing their returns irrespective of the choice they have given to the ...

Read more orange-arrow
E-Assessment is not alone enough for the correct assessments.
21 May

The government had introduced e-governance for conduct of assessment proceedings electronically from the AY 2017-18.
The HC has said this was a lau ...

Read more orange-arrow
Telecoms dues set to jump for FY 18 and FY19 after new DOT.
20 May

The statutory dues of telecom operators fixed at Rs 1.64 lakh crore is set to rise sharply as Department of Telecommunications (DoT) is now in the pro ...

Read more orange-arrow
Hero will invest Rs 10000 crore for alternative mobility solutions
20 May

Hero MotoCorp announced its plans to make the biggest investment by a two-wheeler company in India. In the next 5-7 years Hero will spend Rs 10,0 ...

Read more orange-arrow
Banks increased funding for NBFC's in Oct-Dec.
20 May

Public Sector Banks propped up funding for Non-Banking Financial Companies (NBFCs), providing 90% of the cash flow to the sector in the Oct-Dec Quarte ...

Read more orange-arrow
Voda Idea, Airtel demands more time to pay AGR Dues
20 May

After order of the Supreme Court on AGR (adjusted gross revenue) matter, stressed telecom companies Vodafone Idea and Airtel have made a demand to giv ...

Read more orange-arrow
India-US Trade Deal now a Political Call.
20 May

President Donald Trump said the United States and India were working on a major trade deal, but he was not sure if it would be completed before the US ...

Read more orange-arrow
I-T Dept moves HC aginst Flipkart's ITAT ruling.
20 May

The income tax (I-T) department has taken Walmart-owned Flipkart to high court over its Rs 110-crore demand. The case relates to the treatment of disc ...

Read more orange-arrow
COs want easier labour and green approval to ramp up production
19 May

The corporate sector’s wishlist to deal with supply disruption caused by the coronavirus go beyond customs duty cuts and include a reduction in the 14 ...

Read more orange-arrow
A Vodafone Idea collapse could have negative impacts on telecom and banking as well.
19 May

The government is unlikely to invoke Vodafone Idea’s bank guarantees for now, even as the officials of the telecom and finance ministries met Cabinet ...

Read more orange-arrow
Prices of TVs, ACs and some phones are set to go up as manufacturers grapple with component shortages.
19 May

Prices of televisions, air-conditioners, refrigerators and some smartphone models are set to go up later this month as manufacturers grapple with a sh ...

Read more orange-arrow
Govt to set up renewable energy board to cut developers’ risks
19 May

The government will set up a Renewable Energy Promotion and Facilitation Board to help minimise risks for developers in the sector that has seen a wan ...

Read more orange-arrow
Government may ease commercial coal auction rules
19 May

The government is considering easing rules governing commercial coal auctions, including faster exit and simultaneous issue of prospecting and mining ...

Read more orange-arrow
NHAI norms change may hit 1,000 km road projects
19 May

The finance ministry’s decision to treat highway projects as a single entity that cannot be divided into small packages could impact award of about 1, ...

Read more orange-arrow
NCLAT refers General Electric and Triveni Turbines dispute to NCLT bench
19 May

The National Company Law Appellate Tribunal (NCLAT) has referred the ongoing dispute between General Electric (GE) and Triveni Turbines over their joi ...

Read more orange-arrow
SEBI to tighten eligibility norms for investment advisers
18 May

The Securities and Exchange Board of India (Sebi) has proposed to revise the investment advisers regulations that will change the way mutual fund sche ...

Read more orange-arrow
Mukesh Ambani's RIL to consolidate media and distribution business
18 May

Reliance Industries (RIL) on Monday announced consolidation of all its media and distribution businesses under one umbrella brand ‘Network18’. Under t ...

Read more orange-arrow
SC refuses Vodafone Idea more time to pay off AGR dues
18 May

The Supreme Court on 17th feb 2020 refused to hear a plea by cash-strapped Vodafone Idea seeking more time to pay off adjusted gross revenue (AGR) due ...

Read more orange-arrow
NCLAT allows JSW Steel to acquire Bhushan Power
18 May

A two-member bench headed by Chairman Justice S J Mukhopadhaya of National Company Law Appellate Tribunal (NCLAT) has allowed JSW Steel to acquire Bhu ...

Read more orange-arrow
Waiting for DoT’s position on AGR dues says Sitharaman
18 May

Finance minister Nirmala Sitharaman said on Monday she would wait to hear the telecom ministry’s stance on the arrears from telecom operators, before ...

Read more orange-arrow
Expert group to suggest ways to push agri exports
18 May

The fifteenth Finance Commission has set up a high-level expert group to recommend measurable performance incentives for states to encourage agricultu ...

Read more orange-arrow
Service tax, GST added to AGR dues
17 May

Telecom companies swamped by adjusted gross revenue (AGR) dues are set for another hammering.
The tax authorities have started sending out notices ...

Read more orange-arrow
Income Tax department may ask NRIs to explain 'bloated' income
17 May

Since a decade, several Indians became NRI to generate fake overseas income such as trading profits, consultancy fee, and fat salaries to legitimize u ...

Read more orange-arrow
ICAI wants powers to punish audit firms
17 May

The Institute of Chartered Accountants of India (ICAI) is seeking amendments to the Chartered Accountants Act to allow it to punish audit firms for ma ...

Read more orange-arrow
Solar rooftop developers move tribunal on net metering
17 May

Net metering allows developers to sell electricity to the grid and deduct its value from their bill for the power drawn from the distribution company. ...

Read more orange-arrow
Coal India clocked a double-digit growth in output for the first time in this fiscal
17 May

Coal India’s daily output is expected to rise to three million tonnes (MT) next month, enough to run a 660-MW power plant for a year as the state-run ...

Read more orange-arrow
Hiring companies face heat as coronavirus hits mobility
17 May

The coronavirus epidemic has begun to impact hiring as travel restrictions slow down or halt the process of interviews. With industries such as hospit ...

Read more orange-arrow
Oil India to fight AGR dues
17 May

State-owned Oil India is likely to move the TDSAT this week against the telecom department seeking about Rs 48,500 crore in past dues on the surplus b ...

Read more orange-arrow
Exports fall for 6th month in row, imports for 10th month
15 May

India’s exports fell 1.7% in January, the sixth straight monthly decline, while imports dropped for the 10th month in a row, pushing up trade deficit ...

Read more orange-arrow
HC relief for e-tailers in CCI probe
15 May

The Karnataka high court on 14th Feb granted an interim stay into a probe ordered by the Competition Commission of India (CCI) against the e-tailers’ ...

Read more orange-arrow
DoT asks telcos to clear dues by midnight
15 May

The Department of Telecommunications (DoT), which faced the rage of the Supreme Court for putting on hold recovery of dues from telecom companies, sta ...

Read more orange-arrow
Carmakers are likely to invest around Rs 30,000 cr, mostly in launching new products.
15 May

The Indian automobile market may be in a prolonged slump but that’s not stopping companies from investing in new products as factories run at less tha ...

Read more orange-arrow
Lenders set to recover Rs. 1.5 lakh cr from insolvency proceedings
15 May

Successful resolutions of corporate insolvency proceedings till the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, ave ...

Read more orange-arrow
Telco distress call: SBI says it’s prepared for the worst
15 May

State Bank of India Chairman Rajnish Kumar on Friday said the bank was prepared for the worst following the Supreme Court order asking telecom compani ...

Read more orange-arrow
Directors seek cover against legal action
14 May

The directors & officers’ (D&Os’) insurance policy, which compensates key management personnel of a company against legal actions, is seeing a ...

Read more orange-arrow
TRAI says telecom services quality unsatisfactory
14 May

Trai chairman R S Sharma said that he is not satisfied with the quality of services that is currently offered by mobile operators and he will be calli ...

Read more orange-arrow
Rishi Sunak, Narayana Murthy's son-in-law, is the new UK Finance Minister
14 May

UK Prime Minister Boris Johnson has appointed Indian-origin Rishi Sunak as his new finance minister. He replaced Sajid Javid who resigned from the pos ...

Read more orange-arrow
Fourteen entities line up for DHFL's retail book
14 May

Fourteen entities including foreign banks, private equity funds and other local non-bank lenders have begun talks with the administrator of bankrupt m ...

Read more orange-arrow
NITI readies social protection framework
14 May

In order to bridge the inequality gap and uplifting more people out of poverty, technical committee headed by NITI Aayog vice chairman Rajiv Kumar is ...

Read more orange-arrow
The PM had sparked a social media debate after he said that only a very small number Indians were paying tax.
14 May

The Central Board of Direct Taxes (CBDT) said only 2,200 persons disclosed annual income of more than Rs 1 crore from their professional work in FY19. ...

Read more orange-arrow
Amazon to HC: Probe by CCI an abuse of power
13 May

Amazon India told the Karnataka high court on Wednesday that there is no “prima facie” evidence on the basis of which the Competition Commission of In ...

Read more orange-arrow
Car companies not getting many cab rides now
13 May

Several automakers have arrangements with car aggregators such as Ola and Uber to sell vehicles to drivers who join their platforms. According to indu ...

Read more orange-arrow
NCLT has ordered the inclusion of Videocon’s overseas arms as part of insolvency proceedings
13 May

The National Company Law Tribunal (NCLT) has ordered the inclusion of Videocon’s oil businesses in Brazil and Indonesia as part of insolvency proceedi ...

Read more orange-arrow
Factory output shrinks, retail inflation surges leads to double blow to economy
13 May

Factory output contracted 0.3% in December after a mild pickup of 1.8% in November while retail inflation accelerated to a 68-month high 7.59% in Janu ...

Read more orange-arrow
Consumer durables’ sales growth in 2019 best since demonetisation
13 May

Sales growth of refrigerators, ACs and washing machines in 2019 was the best since demonetisation, signalling a revival in discretionary purchases and ...

Read more orange-arrow
Cabinet nod for widening scope of direct tax resolution scheme
13 May

The newly announced Vivad Se Vishwas Scheme for resolving direct tax disputes as an attractive offer for taxpayers, cover most of the disputes, includ ...

Read more orange-arrow
Govt may have to infuse capital into LIC before IPO
12 May

The government will need to infuse capital before its initial public offering (IPO) because the paid-up capital is only Rs 100 crore, which is not eno ...

Read more orange-arrow
Indian diamond traders seeks help from RBI and government as coronavirus outbreak hits trade
12 May

Indian diamond houses have sought help from the Reserve Bank of India (RBI) and the government as the coronavirus outbreak hits trade.
About 35-40 ...

Read more orange-arrow
FM say - Economy not in trouble; green shoots visible
12 May

Finance minister Nirmala Sitharaman on 11th Feb,2020 said that the economy was set to turn around, citing seven “green shoots,” seven indicators of ec ...

Read more orange-arrow
Adani Group and Vedanta in race to acquire Lanco's Power Plant
12 May

Adani Group and Vedanta are conducting due diligence to acquire Lanco’s Amarkantak power plant in Chhattisgarh, after it was admitted for insolvency p ...

Read more orange-arrow
Govt breaches Ways and Means Advances limit
12 May

The Ways and Means Advances, or WMA, is a facility that allows the Centre to borrow from the Reserve Bank of India (RBI) and meet payment obligations ...

Read more orange-arrow
Realty fund of Rs 12,500 crore may be fully deployed in two years
12 May

The government’s Rs 12,500 crore Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two ...

Read more orange-arrow
Electric Vehicles may get 2,600 charging stations in a year
12 May

Electric vehicles (EVs) charging infrastructure will be available at every four kilometres in big cities within a year.The govt has given in-principle ...

Read more orange-arrow
ICICI Bank moves NCLT to get dues from Mercator Ltd.
11 May

ICICI Bank has moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings ...

Read more orange-arrow
Amazon moves HC seeking a stay on the Competition Commission of India’s order
11 May

Amazon has requested the Karnataka High court to quash or set aside this probe by the Competition Commission of India (CCI), the e-tailer is seeking a ...

Read more orange-arrow
Tilden Park Capital Management seeks investment in Laxmi Vilas Bank
11 May

US fund house Tilden Park Capital Management has sounded out the Reserve Bank of India (RBI) for buying a sizeable stake in Lakshmi Vilas Bank (LVB), ...

Read more orange-arrow
High cost and low growth drag auto sales down
11 May

Passenger vehicle sales in the local market dropped 6.2% to 262,714 units, sales of commercial vehicles fell 14% to 75,289 units in the past month, wh ...

Read more orange-arrow
SFIO inquiry extended to Fortis-IHH deal
11 May

The $1.3 billion takeover offer for Fortis Hospitals by Malaysia's IHH Healthcare has now come under the scanner of the Serious Fraud Investigation Of ...

Read more orange-arrow
Cotton, yarn and rajma trade with China comes to a halt
11 May

Cotton and yarn prices have fallen by 4% while rajma prices have increased by 8% in the past 10 days due to market uncertainty after the outbreak of c ...

Read more orange-arrow
Investments by some Foreign Portfolio Investors may attract retrospective tax
10 May

As the government have restricted the exemption from Indirect Transfer Taxes to Category I Foreign Portfolio Investors (FPIs) in the budget, this may ...

Read more orange-arrow
India has joined the chase “Quantum Supremacy” to crack into the next generation technology
10 May

A typical computer stores information in bits i.e. either as a 0 or 1, but quantum computers can store information in two quantum bits (or qubits) as ...

Read more orange-arrow
Technology platforms control misinformation regarding the novel Coronavirus
10 May

To fight against misinformation regarding the novel Coronavirus Technology platforms like Twitter launched a dedicated search prompt for India with th ...

Read more orange-arrow
Automakers scramble in case China auto parts production stays shut down
10 May

“Impact is unavoidable in India; it's only a matter of time before who gets affected first,” Mamillapalle, MD of Renault India, as factories in China ...

Read more orange-arrow
Spectrum sale may generate only Rs 10,000cr initial payment to Government
10 May

The government may generate an initial payment only Rs 10,000 crore from spectrum auction. This indicates that the next spectrum sale could generate o ...

Read more orange-arrow
Sales executives quit companies to log onto gig economy
10 May

The perennially high demand for sales talent has made these jobs ‘recession-proof’. Frontline sales jobs have always been in demand, given the high at ...

Read more orange-arrow
WhatsApp Pay to Begin Phased Rollout in India after receiving licence from National Payments Corporation of India
08 May

WhatsApp’s UPI-based peer-to-peer payments service which was available in India in beta mode since last year will be launched sometime later this year ...

Read more orange-arrow
SBI and 3 other Banks cut deposit and loan rates
08 May

The country’s largest state-run bank State Bank of India (SBI) has announced a reduction of 0.05% in MCLR, which will make the loan cheaper. This dedu ...

Read more orange-arrow
9 Banks of UAE headed for India to recover Rs. 50000 Cr.
08 May

UAE-based Emirates NBD, Mashreq Bank and Abu Dhabi Commercial Bank and few other lenders like Doha Bank, National Bank of Oman and National Bank of Ba ...

Read more orange-arrow
Maruti Suzuki Captured over half of passenger vehicle market in January
08 May

Where other carmakers struggled amid weak demand and inventory alignment on account of the impending transition to Bharat Stage VI emission norms, Mar ...

Read more orange-arrow
Trade Margins of Medical Devices likely to be restricted to 30%
08 May

A cap on trade margins at 30% for medical devices is likely to be approved soon, as India and US move ahead to sign a mutually acceptable trade deal t ...

Read more orange-arrow
LIC Plans to sell IDBI Stake ahead of 12 year RBI Timeline
08 May

With a view that the valuation of the lender would rise with the government's sale of stake leading to a possible entry of a private equity investors, ...

Read more orange-arrow
RBI asks PNB to harmonize its provisions for bad loans before Merger
08 May

As part of announcement of the amalgamation of 10 public sector banks into four big banks, PNB is supposed to acquire OBC and UBI which would create t ...

Read more orange-arrow
RBI Monetary Policy Committee brings in major relief for commercial real estate developers
07 May

In a major boost for real estate developers, the Reserve Bank of India's Monetary Policy Committee has decided not to downgrade any commecial real est ...

Read more orange-arrow
Bharti Airtel and Tata Tele merger approved by DoT
07 May

The Department of Telecommunications (DoT) has approved the merger of the consumer mobile operations of the Tata group with Bharti Airtel, Tata T ...

Read more orange-arrow
Inflation outlook remains uncertain
07 May

The Reserve Bank of India (RBI) kept interest rates unchanged on Feburary 06,2020 as expected amid concerns over inflation.  They revised upward ...

Read more orange-arrow
Gradual Recovery Expected; Car Companies Expect Single Digit Growth in FY21
07 May

A favourable base to compare with after a steep fall in sales this year, low interest rates and new rules that give the taxpayer an option to choose l ...

Read more orange-arrow
Commerce Department will examine procedures that are part of India's existing Free Trade Agreements
07 May

The finance ministry has initiated a review of India’s free trade agreement framework to assess the impact of such pacts on the overall economy. The v ...

Read more orange-arrow
Fertiliser Minister may seek more funds to clear dues
07 May

The chemicals and fertilizers ministry is struggling to pay the mounting subsidy bills for farm nutrients and plans to seek additional funds because t ...

Read more orange-arrow
Tax dispute bill bars cases linked to undisclosed foreign assets, income
06 May

The government on Wednesday introduced a bill in Lok Sabha, which aims to significantly reduce the huge tax disputes linked to direct taxes totalling ...

Read more orange-arrow
Pre-filled I-T form proposed in Budget
06 May

It is proposed in the budget that pre-filled income tax returns would be made available to taxpayers. It will contain details of the taxpayer's salary ...

Read more orange-arrow
Rosneft interested in bidding for BPCL
06 May

Russia's largest oil producer Rosneft is keen to bid for acquisition of Bharat Petroleum Corp Ltd (BPCL), sources said after the Russian firm's CEO Ig ...

Read more orange-arrow
Tax Settlement Scheme not for launderers
06 May

The new direct tax dispute settlement scheme will not cover cases related to undisclosed overseas assets initiated on the basis of information from an ...

Read more orange-arrow
Voda Idea seeking relief from penalty interest dues
06 May

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

Read more orange-arrow
Cooperative Banks to come under RBI Watch
06 May

The Union Cabinet on Wednesday approved an amendment to the Banking Regulation Act that will empower the Reserve Bank of India to regulate 1,540 co-op ...

Read more orange-arrow
50% of cost deposit is required by a buyer of minority stake in other companies
05 May

According to a notification issued by MCA of 3rd February, 2020 on amendments to Companies Act Majority shareholders planning to buy out minority inve ...

Read more orange-arrow
Govt moves to split GAIL business to boost gas economy
05 May

The government is looking at splitting GAIL (India) into separate entities, dealing with pipeline network and marketing, to cover 550-600 districts th ...

Read more orange-arrow
Small towns, rural to be hubs for car sales
05 May

Rising congestion in metros and larger cities will decelerate automobile gross sales within the prime markets as smaller cities and rural areas will c ...

Read more orange-arrow
BPSL Fraud: NCLAT reserves decision on immunity to JSW
05 May

The appellate tribunal on Tuesday reserved its judgement on the contentious matter of whether JSW Steel, the successful bidder for debt-ridden Bhushan ...

Read more orange-arrow
Companies will have to pay heavy penalties for faking expenses
05 May

In an attempt to curb fake bills and false expenses generated by companies to evade tax, the government has decided to take harsh punitive action, inc ...

Read more orange-arrow
MDR would move to zero, either with or without government
05 May

Infosys Chairman Nandan Nilekani said the merchant discount rate (MDR) would have trended to zero even if the government had not gotten involved and s ...

Read more orange-arrow
Govt very transparent in setting new fiscal deficit target says FM Nirmala Sitharaman
04 May

Union Finance Minister Nirmala Sitharaman on Monday said the government has been very transparent in setting the new fiscal deficit target, which has ...

Read more orange-arrow
Govt to use e-bidding platform for disinvestment
04 May

To bring transparency and ease of process for bidding of disinvestment plan of PSUs, the government is ready with an electronic bidding (e-bidding) pl ...

Read more orange-arrow
Customs department may question imports valuation under FTA
04 May

The Union Budget for 2020-21 has proposed to amend the customs law by introducing stringent provisions related to rules of origin to check misuse of f ...

Read more orange-arrow
Revised IT intermediary rules in 2 weeks after law ministry's nod
04 May

NEW DELHI: The government is expected to notify within two weeks the revised IT intermediary guidelines that seek to make social media companies more ...

Read more orange-arrow
Manufacturing PMI expands to 8-year high of 55.3 in January
04 May

India’s manufacturing activity expanded at its quickest pace in nearly eight years in January with robust growth in new orders and output, a private s ...

Read more orange-arrow
Pharma companies set to supply ARVs for treatment
04 May

MUMBAI: Leading domestic drug companies have said they are ready with supply of anti-retrovirals (ARVs) that seem to work in treating the novel corona ...

Read more orange-arrow
India CEO mafia: Techies with a social heart
03 May

The India Mafia of Satya Nadella (chief of Microsoft), Sundar Pichai (Google), Shantanu Narayen (Adobe), Sanjay Mehrotra (Micron), Nikesh Arora (Palo ...

Read more orange-arrow
Pvt banks to gain most from Budget’s 5L cover
03 May

Private sector banks will be the biggest gainers of the government’s decision to hike deposit insurance cover to Rs 5 lakh from Rs 1 lakh in the Union ...

Read more orange-arrow
NRIs’ Bona Fide Foreign Income Won’t be Taxed
03 May

The government said it doesn’t intend to tax income that bona fide workers earn overseas, allaying concerns about a budget proposal relating to non-re ...

Read more orange-arrow
New Tariff Codes Created for Fans, Solar Cells & TV Panels to Check China Imports
03 May

Imports of these products stood at $3.6 billion in April-November 2019, of which more than 60% came from ChinaNew Delhi:
India has created new tari ...

Read more orange-arrow
NHAI on Road to Cut Debt; Tax Sops for Foreign Investors
03 May

New Delhi:
The government has finally moved to control the rising debt of National Highways Authority of India (NHAI) while allowing tax sops to fo ...

Read more orange-arrow
SAIF Partners is Looking to Close 15 Deals This Year
03 May

However, the VC firm is facing renewed pressure on its past big bets, Paytm and RivigoBiswarup Gooptu & Aditi Shrivastava
New Delhi | Bengaluru ...

Read more orange-arrow
New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman
03 May

The direct tax collection target has been downward revised to Rs 11.80 trillion in the Union Budget after making a "realistic assessment" of various e ...

Read more orange-arrow
Delay in penny stock cases stokes hope of amnesty
01 May

Income tax tribunals have been keeping aside matters related to penny stocks and unexplained share premium, stoking hopes of a quasi-amnesty window or ...

Read more orange-arrow
Bharti Airtel removed from DGFT’s ‘denied entry list’.
01 May

Bharti Airtel on Friday said its name has been removed from the Directorate General of Foreign Trade’s (DGFT) ‘denied entry list’, and the operator is ...

Read more orange-arrow
With No Global Reference, TRAI Finds Regulation Of OTT Players A Tough Task
01 May

Telecom operators in India have been raising concerns over the threat from over-the-top (OTT) players. The operators are allegedly losing revenue beca ...

Read more orange-arrow
Ayush claim on virus decried
01 May

An advisory from India’s traditional medicines ministry on Wednesday suggesting remedies from ayurveda, unani and homoeopathy for the novel coronaviru ...

Read more orange-arrow
GDP growth rate for 2018-19 revised downwards to 6.1 %
01 May


India’s economic growth is likely to get a statistical bump in the current fiscal following a sharp downward revision in the estimates for the pre ...

Read more orange-arrow
Indiabulls to exit realty biz, merge with entity led by Embassy, Blackstone
01 May

As part of its move to exit the realty sector, Indiabulls Group will merge over dozen remaining assets of Indiabulls Real Estate (IBREL) with a new en ...

Read more orange-arrow
SBI sees highest-ever quarterly profit growth at 41 per cent in financial year 2019-20
01 May

India’s largest lender State Bank of India (SBI) has announced that its net profit grew 41 per cent year-on-year at Rs 5,583.4 crore during the Octobe ...

Read more orange-arrow
Bank deposit insurance cover may be doubled to Rs 2 lakh
31 May

The government is discussing a proposal to double the insurance cover on bank deposits to Rs 2 lakh and an announcement to this effect may be made in ...

Read more orange-arrow
Centre Plans to enhance FDI Limit in Insurance to 74% from 49%
31 May

The Centre is likely to drop the clause that mandates control of insurance companies by Indian promoters as it seeks to enhance foreign direct investm ...

Read more orange-arrow
Mobile Exports Will Continue to Get 4% Incentive
31 May

The government has restored 2% additional duty incentive on mobile phones exports with a view to boost shipments of the product, according to a notifi ...

Read more orange-arrow
Coronavirus update: Air India plane with doctors to fly Indians from Wuhan today; first case confirmed in country
31 May

An Air India passenger aircraft will head to Wuhan today to bring back stranded Indians from the city. The Boeing 747 is scheduled ...

Read more orange-arrow
Central Govt took Budget Like Move that were not part of Budget
31 May

Since Last Budget, Govt Has taken Several Steps Indicating that the Economy is now far too dynamic for all Big decisions to be taken on a Single Day...

Read more orange-arrow
Alternative Steps Needed to Boost Economy
31 May

The government should focus on alternative measures to stimulate economy as it is not possible to give fiscal stimulus. Growth need of the hour to ach ...

Read more orange-arrow
China Shutdowns Hit Indian Consumer Cos
30 May

Smartphone and consumer electronics companies in India said they were staring at production cuts and possible delays in launch of new products due to ...

Read more orange-arrow
TCS says No more Digital Revenue Break- up Figures
30 May

India’s top IT services provider Tata Consultancy Services has stopped providing a revenue breakup for its digital business, resisting calls from anal ...

Read more orange-arrow
Budget may unveil 2 mega agri initiatives
30 May

The government is likely to announce two mega agriculture initiatives — one related to crop diversification and another on financial assistance to cre ...

Read more orange-arrow
Push for MSMEs to join ecommerce exports
30 May

The government is in talks with ecommerce firms to help sell goods produced by small enterprises in remote parts of the country around the world via o ...

Read more orange-arrow
Railway corporatisation process starts from FY21
30 May

The Indian Railways will begin the process of corporatising its production units in FY21as it takes a coordinated approach towards improving the effic ...

Read more orange-arrow
Cos reduced CSR expenses in national heritage by 56%
30 May

 Companies more than halved their funding for national heritage, arts and culture, under corporate social respons ...

Read more orange-arrow
Government notifies rules for winding up of companies under Companies Act
30 May

In a move that will help lessen the burden on the National Company Law Tribunal (NCLT), the government has notified the rules for winding up of compan ...

Read more orange-arrow
Commerce Ministry Puts Bharti Airtel in Denied Entry List
29 May

The commerce ministry has put Read more orange-arrow

Bank Panels to Monitor Probe Progress
29 May

The Ministry of Finance has approved a panel for preliminary examination of suspected frauds in public sector banks amounting to more than Rs 50 crore ...

Read more orange-arrow
Govt Forms Panel to look into Bank frauds above Rs 50 crore before probe begins.
29 May

The government on Tuesday directed banks to set up committees of senior officials to monitor progress in pending disciplinary and internal vigilance c ...

Read more orange-arrow
Cracking the Whip: E-comm Policy to Deal With Online Counterfeits
29 May

The upcoming e-commerce policy will make it tougher for sellers to peddle fakes online. The policy, likely to be out in March, will detail a plan of a ...

Read more orange-arrow
NHAI moves IRDA proposing insurance of road projects
29 May

The National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible project de ...

Read more orange-arrow
Banks approve reduced fees for UPI, RuPay
29 May

Banks have decided that they will not charge a part of the fees on Unified Payments Int ...

Read more orange-arrow
The brass of the PSB obtain a government shield in surveillance cases
29 May

The government announced on Tuesday new steps, which seek to protect senior management in the public sector Read more orange-arrow

Ahead of Budget, companies queue up for funds on Bond Street.
28 May

HDFC, LIC Housing Finance, Bajaj Finance, L&T Infrastructure Finance and REC are among borrowers that seek to sell bonds worth up ...

Read more orange-arrow
Govt invites bids for 100 % Air India Stake
28 May

The government on Monday invited preliminary bids to divest its entire stake in Air India, and the airline’s subsidiary Air India Express along with i ...

Read more orange-arrow
Telcos' Move to Raise Revenue May Widen Risk of Customer Churn
28 May

Deutsche Bank said telcos should move towards new plans with 5GB, 10 GB and 20 GB of data on the 28-day cycle priced ...

Read more orange-arrow
PWC to do forensic audit of Cox & Kings
28 May

Suspecting fraud, lenders to Cox & Kings, the tour and travel company that defaulted on loan payments, have initiated a forensic investigation int ...

Read more orange-arrow
PFC NPAs to reduce with resolution of 4 stressed plants.
28 May

State-owned Power Finance Corp (PFC) expects significant reduction in its bad loans with resolution of four stressed power generation assets, expected ...

Read more orange-arrow
HDFC posts record quarterly profit of Rs 8,372cr in Oct-Dec
28 May

The country's largest mortgage company HDFC on Monday reported its highest ever quarterly net profit&nbs ...

Read more orange-arrow
To Boost Desi Companies, Curbs likely on Tyre, Furniture Imports.
27 May

The government is all set to clamp down on import of furniture and certain types of tyres, especially retreaded ones, amid concerns that cheap goods a ...

Read more orange-arrow
Government may get Rs 45,000 crore cushion on corporate tax cut.
27 May

The government is estimating a hit of around Rs 1 lakh crore due to a reduction in corporation tax, against Rs 1.45 lakh crore calculated when the mov ...

Read more orange-arrow
India likely to raise import duties on more than 50 items next week
27 May

India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 bi ...

Read more orange-arrow
2023 deadline: Drive from Delhi to Mumbai in 12 hours.
27 May

Exactly three years from now, you will be able to drive down from Delhi to Mumbai in 12 hours, road transport minister Nitin Gadkari said. “January 26 ...

Read more orange-arrow
Pension for senior citizens under BPL likely to go up.
27 May

The Centre is proposing a major revamp of the National Social Assistance Programme (NSAP) that could raise pension payouts for senior citizens, widows ...

Read more orange-arrow
Better distribution may ease power sector woes.
27 May

At a time when India is looking to fight the global financial slowdown and surge ahead by adding trillions to its gross domestic product (GDP), the po ...

Read more orange-arrow
Undisclosed Assets abroad of Hotel Group Worth Rs 1000 Crore .
25 May

Rs 1k cr foreign assets of a hotel group detected' The income tax department said on Friday its searches on a “hospitalit ...

Read more orange-arrow
Fin Stability a Priority, Govt must continue Reforms
25 May

Reserve Bank of India (RBI) Governor Shaktikanta Das has set broader financial stability as the central bank's immediate polic ...

Read more orange-arrow
Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions.
25 May

Out of the Rs 10,387 crore of fresh slippages during the quarter, Rs 4,509 crore came because the central bank inspection forced the ...

Read more orange-arrow
P&G India hit by monetary policy : P&G CFO
25 May

Slowing growth rates in India, largely as a result of some monetary policies, have created a bit of a liquidity squeeze, which ...

Read more orange-arrow
Mastercard's swipe makes Pine Labs 1st unicorn in 20
25 May

While transaction details were not disclosed, the new round is pegged at $100-150 million (Rs 713-1,069 crore). This will make the Se ...

Read more orange-arrow
TDS on salary when an employee doesn't furnish PAN
25 May

Non-furnishing of PAN or Aadhaar number as the case may be, by the deductee (employee) to the deductor (employer) will result ...

Read more orange-arrow
Growth Slump in India temporary:IMF chief
25 May

IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the ...

Read more orange-arrow
SC to club Tatas' NCLAT plea, RoC-Mumbai case.
25 May

The Supreme Court on Friday stayed a National Company Law Appellate Tribunal (NCLAT) order that had dismissed a plea by the Registrar of Companies (Ro ...

Read more orange-arrow
AGR dues: Reliance Jio meets Supreme Court deadline, Airtel Seeks Time
24 May

Reliance Jio Infocomm became the only phone company to meet the Supreme Court's adjusted gross revenue (AGR) dues deadline, paying ...

Read more orange-arrow
Niti Aayog Seeks Cabinet Nod for Battery Push
24 May

The Niti Aayog has sought Cabinet approval for a proposal to build up to 10 large factories that would get subsidies ...

Read more orange-arrow
Go Air Likely to Cancel 50 Flights
24 May

GoAir Will Cancel Up To 50 Flights Per Day Due To A320neo Issues. Indian low-cost carrier GoAir< ...

Read more orange-arrow
NHAI Starts Grievance Redressal Portal GATI
24 May

Terming delays in highway projects as "unacceptable", Road Transport and Highways Minister Nitin Gadkari on Thursday asked officials and developers to ...

Read more orange-arrow
Public Distribution System Emerged Biggest Saver for Government in DBT
24 May

The Public Distribution System (PDS) has brought the biggest savings under Direct Benefit Transfer (DBT...

Read more orange-arrow
Banned cryptocurrency to uphold integrity of banking system.
24 May

The RBI had in a circular issued on April 6, 2018, directed that all entities regulated by it shall not deal in virtual currencies.Currency exchanges ...

Read more orange-arrow
Banks Push NPCI to Remove UPI Charges
24 May

The Indian Bank’s Association (IBA) has written to the National Payments Corporation of India (Read more orange-arrow

RBI ups investment limit for FPIs in Debt Market.
24 May

The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the m ...

Read more orange-arrow
Govt Mulls Mediation to Solve IT Issues with Cos
23 May

The government may adopt a mediation mechanism that will help companies determine their future tax liabilities and e ...

Read more orange-arrow
AGR Payment : Telcos to Wait for SC Decision
23 May

Vodafone Idea informed the Department of Telecommunications (DoT) it will wait for the Supreme Court's decision on t ...

Read more orange-arrow
IT rejigs its bills as deals dry up.
23 May

Financial engineering has been an industry practice among tech services providers for long, although it is changing now, said Siddharth Pai, an IT out ...

Read more orange-arrow
Five non-telecom PSUs seek clarity from SC on AGR order
23 May

Non-telecom public sector units GAIL , Power Grid Corporation,(PGCIL), Oil India (OIL) and two others are filing separate applications in the Supreme ...

Read more orange-arrow
Festive sales to trim YoY auto revenue fall
23 May

The festive sales uptick will narrow the on-year decline in revenues of automotive companies in the quarter ending December, in comparison with preced ...

Read more orange-arrow
TCS recognized as world's fastest growing global IT Services.
23 May

The annual report ranks TCS as the fastest growing brand within the IT services sector, with the company's overall&n ...

Read more orange-arrow
India Post Bank may Seek up to 1000 Cr Recap
23 May

India Post Payments Bank (IPPB) expects up to Rs 1,000 crore recapitalisation from the ...

Read more orange-arrow
SC to hear Request on Modifying AGR Ruling Next Week.
22 May

The Supreme Court will next week  pleas by Bharti Airtel, Vodafone Idea and Tata Teleservices that they be allowed to negot ...

Read more orange-arrow
DGCA picks five consortiums to take its drone plan airborne
22 May

Nandan Nilekani backed ShopX and SpiceJet’s cargo unit SpiceXpress are among five consortiums selected by India’s civil aviation authority to conduct ...

Read more orange-arrow
Lower PF contribution may be allowed for select class of workers
22 May

If you are a working woman, a professional with disabilities or a young working male in the age bracket of 25-35 years, you may be allowed to lower yo ...

Read more orange-arrow
KVIC seeks international trademark for khadi items
22 May

State-owned Khadi Village Industries Corporation is eyeing international trademark for ‘khadi’ under the Paris Convention for protection of industrial ...

Read more orange-arrow
Government approves up to 100 per cent FDI in Bharti Airtel
22 May

Government clears 100FDI in Bharti Airtel. The department of telecom (DoT) has approved raising of forei ...

Read more orange-arrow
Hyundai will Delay the New Plant by 2-3 years
22 May

Korean car manufacturer Hyundai has said it will not build a new factory in India for at least two years, as the economic slowdown and poor consumer s ...

Read more orange-arrow
AGR issue: Telcos likely to move modification plea in SC today
21 May

  • The development follows the Supreme Court last week dismissing pleas of these operators to review its earlier judgement 
  • Without ...

    Read more orange-arrow
India’s SWF gets ready to launch non-bank lender
21 May

Sensing a huge market opportunity to provide liquidity support to cash-starved Indian infrastructure companies, the National Investme ...

Read more orange-arrow
Air Travel Growth Slips to 3.7 % in 2019 on Jet Collapse
21 May

Domestic air travel growth falls to 3.7% in 2019 due to Jet's collapse, economic slowdown. The double-digit growth& ...

Read more orange-arrow
Budget 2020 : Simpler Tax Laws and Dispute Resolution Scheme Needed
21 May

The income tax Act was legislated almost six decades back making it archaic over a period of time. There has been a plethora of amendments t ...

Read more orange-arrow
IMF slashes 2019 Growth
21 May

IMF cuts India's FY20 growth forecast to 4.8% The International Monetary Fund has slashed&nb ...

Read more orange-arrow
Medium scale cos may be given credit risk cover
21 May

In case of medium sector units, the plan is to provide a guarantee on the lines of small enterprises with a cap of&n ...

Read more orange-arrow
Competitive Panel Nod to Jarvis Acquisition of R Jio 's Arm
21 May

The CCI has approved Brookfield Asset Management's Rs 25215 crore acquisition of 51 % stake in Reliance Jio tower arm via its affiliate BIF IV Jarvis ...

Read more orange-arrow
Govt may include off Budget Spending for a Clearer Picture
20 May

The Centre could include a host of off-budget spending and other government liabilities on i ...

Read more orange-arrow
Plan likely to give NBFCs more lending room.
20 May

The government is debating a mechanism to get credit flowing by providing support to non-banking finance companies (NBFCs) amid a growing realisation ...

Read more orange-arrow
Telecom companies starved for funds,Mobile bill may rise up to 30%.
20 May

The country’s billion plus mobile users may have to brace for more sharp jumps in phone bills by end-2020 itself with telcos likely to raise prices by ...

Read more orange-arrow
LNG Pumps Network Being Planned along 6000 km long Golden Quadrilateral.
20 May

India is planning a network of liquefied natural gas (LNG) fuelling stations along its  ...

Read more orange-arrow
India Inc Wants a Single Corporate Tax Rate of 15% over Three Years
20 May

Corporate India has pitched for “uniform” rate of corporate tax, further slashing the existing rate of 22 per cent for existing firms and bringing it ...

Read more orange-arrow
Karvy Fallout Power of Attorney may Lose Sting in Bid to Protect Clients
20 May

SEBI may soon bar brokers from using power of attorney (POA) privileges that give them control of clients demat accounts to prevent misuse as in the c ...

Read more orange-arrow
Vodafone Idea may pay part of AGR dues to stay afloat.
18 May

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

Read more orange-arrow
Budget 2020 should hike tax breaks for house property income to boost realty.
18 May

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

Read more orange-arrow
Government has failed in e-mobility mission, says plea in Supreme Court
18 May

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

Read more orange-arrow
Piramal to sell healthcare insights, analytics business for $950 million
18 May

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

    Read more orange-arrow
All foreign investments must adhere to law of the land
18 May

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

Read more orange-arrow
Petrol, diesel prices cut for the third consecutive day.
18 May

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

    Read more orange-arrow
Suspected big bank fraud cases to be vetted by panel before probe
17 May

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

Read more orange-arrow
RBI should target core inflation at 3 per cent.
17 May

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

Read more orange-arrow
SC rejects telcos’ plea to review verdict on payment of Rs 92,000 crore to Centre
17 May

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

Read more orange-arrow
India seeks to push sugar, rice exports to Indonesia.
17 May

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

Read more orange-arrow
Plans a Foot for Cheaper Loans for Exporters.
17 May

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

Read more orange-arrow
Supreme Court Stay in Hand, Tata Sons to Hold Board Meet Shortly
16 May

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

Read more orange-arrow
Govt likely to Raise LTCG Tax Holding Period to Two Years.
16 May

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

Read more orange-arrow
Government proposes grant of Rs 1.1 lakh crore for state Discoms
16 May

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

Read more orange-arrow
Proposal looks to Decriminalise most offences under Companies Act.
16 May

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

Read more orange-arrow
Exports Shrink 1.8% in Dec to Suffer Fourth Month of Fall.
16 May

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

Read more orange-arrow
Exports Shrink 1.8% in Dec to Suffer Fourth Month of Fall.
16 May

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

Read more orange-arrow
Unsecured consumer loans grow most, credit card dues at Rs 1L Cr.
16 May

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

Read more orange-arrow
Over 1,200 exporters untraceable, Rs 350 crore fake IGST refunds saved.
16 May

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

Read more orange-arrow
Govt should step up expenditure to spur consumption.
15 May

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

Read more orange-arrow
Government seeks Rs 19,000 crore dividend from oil companies.
15 May

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

Read more orange-arrow
PSU banks likely to disburse Rs 25,000 crore more to NBFCs.
15 May

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

Read more orange-arrow
UVARCL,asset reconstruction company emerged as top bidders for debt-hit RCom, group companies
15 May

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

Read more orange-arrow
WPI inflation jumps to 7-month high in Dec.
15 May

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

Read more orange-arrow
Extra MPC meet likely, RBI may hold rates in February.
15 May

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

Read more orange-arrow
Looking to slash Rs 70K cr arbitration liability via conciliation.
13 May

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

Read more orange-arrow
Government decides to put Legal platform in place to counter cheap imports.
13 May

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

Read more orange-arrow
Walmart India Sacks Over 100 Senior Executives
13 May

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

Read more orange-arrow
Govt eyes curbs on toys, TV set imports.
13 May

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

Read more orange-arrow
Small businesses may see tweaked resolution model.
13 May

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

Read more orange-arrow
Upto 24% defaulters had safe credit rating
13 May

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

Read more orange-arrow
Relief for Tata as SC stays NCLAT order reinstating Mistry
11 May

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

Read more orange-arrow
Infy results a mixed bag, but stock’s rise to hinge on revival in mainstay verticals
11 May

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

Read more orange-arrow
IL&FS plans equitable distribution of sale proceeds to creditors
11 May

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

Read more orange-arrow
Supreme Court asks Karnataka HC to finish Vijay Mallya's plea hearings in 6 months
11 May

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

Read more orange-arrow
Factory output makes modest recovery in November, driven by manufacturing
11 May

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

Read more orange-arrow
Auto sales 20-year-low, decline by over 13%
11 May

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

Read more orange-arrow
Sachin Bansal Acquires DHFL General Insurance
10 May

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

Read more orange-arrow
Bharti Airtel receives subscriptions up to $10b
10 May

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

Read more orange-arrow
PM calls for focussed effort to make India $5T economy.
10 May

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

Read more orange-arrow
The Government is set to slash the time taken for starting a new business to 5 days.
10 May

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

Read more orange-arrow
Railway gives push to green energy projects.
10 May

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

Read more orange-arrow
Tax Dept Allows Joint Property Owners To File Returns Using Simple Forms.
10 May

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

Read more orange-arrow
Soft Bank Group Corp is in talks to sell a majority stake in its renewable energy.
09 May

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

Read more orange-arrow
Family of Gati Promoter Moves NCLT, Alleging Mismanagement of Co.
09 May

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

Read more orange-arrow
Disclosure Rules to Curb Insider Trading Spook Top Executives
09 May

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

Read more orange-arrow
Competition Commission of India pitches for self-regulation of E Commerce Platforms
09 May

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

Read more orange-arrow
ED seeks non-bailable warrant against Dheeraj Wadhawan(DHFL Promoter).
09 May

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

Read more orange-arrow
First advance estimates pegs GDP growth at 5 per cent for FY20.
08 May

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

Read more orange-arrow
Two schemes floated to revive stranded gas-based power units.
08 May

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

Read more orange-arrow
India Needs Developmental FIs
08 May

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

Read more orange-arrow
SC rejects Government's plea challenging refund of Rs 104 crore
08 May

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

Read more orange-arrow
IBBI Bars Promoters From Buying Back Companies Through Liquidation.
08 May

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

Read more orange-arrow
Govt. Taking steps to ease taxation system:
08 May

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

Read more orange-arrow
R-Power defaults, lenders face insolvency deadline.
08 May

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

Read more orange-arrow
Crisil to renew analytics focus.
07 May

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

Read more orange-arrow
Oil prices jump 2%.
07 May

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

Read more orange-arrow
Companies with large borrowings to undergo secretarial audit
07 May

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

Read more orange-arrow
AI, machine learning can help achieve $5 trillion target:
07 May

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

Read more orange-arrow
RBI allows 24x7 forex market operations via select banks
07 May

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

Read more orange-arrow
Retail investors should avoid kneejerk reaction
07 May

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

Read more orange-arrow
Tata Trusts was Forced to Surrender Registration
06 May

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

Read more orange-arrow
NHAI downsizes toll-operate-transfer-4 bid by Rs 2,000 crore
06 May

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

Read more orange-arrow
Eyeing Top 50 of the World Bank's Ease of Doing Business Index
06 May

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

Read more orange-arrow
Coffee Day promoters' stake dives to 17% from 54%
06 May

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

Read more orange-arrow
Govt approves 2600 EV charging stations
06 May

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

Read more orange-arrow
BS-VI shift may push demand for engineering graduates by 20%
06 May

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

Read more orange-arrow
High-end 5G Handsets Likely to Arrive in India in First Half of 2020
04 May

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

Read more orange-arrow
Sebi comes down heavily on cos. non-cooperating with Credit Rating Agencies
04 May

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

Read more orange-arrow
Insurance Startups Get $183 m in 2019
04 May

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

Read more orange-arrow
Oyo Hotels to be profitable before IPO as required by SoftBank
04 May

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

Read more orange-arrow
Andhra Pradesh Govt. Starts Clearing Renewable Energy Companies Dues.
04 May

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

Read more orange-arrow
Adani Ports to Acquire 75% Stake in Krishnapatnam Port
04 May

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

Read more orange-arrow
Consumer Goods Festive Sales Hit a Four - year High
03 May

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

Read more orange-arrow
Tata Sons moves SC against NCLAT order directing Cyrus
03 May

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

Read more orange-arrow
TV Broadcasters Miffed at Trai's New Caps on Channel Pricing .
03 May

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

Read more orange-arrow
Factory activity strengthens in December, PMI rises to 52.7
03 May

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

Read more orange-arrow
DoT's total demand from non-telcos twice that from telcos
03 May

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

Read more orange-arrow
BPCL, Air India, Concor divestments unlikely in FY20 .
03 May

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

Read more orange-arrow
Finmin pushes banks biz to put in RuPay Infra
03 May

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

Read more orange-arrow
Banks not keen to lend big to small businesses
02 May

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

Read more orange-arrow
Import duty exemption on routers to continue
02 May

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

Read more orange-arrow
Lost phones can be tampered with Tracking may be Limited .
02 May

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

Read more orange-arrow
Coal mining may be opened up to all sectors before next auction
02 May

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

Read more orange-arrow
Retail demand for cars in positive zone in Sept - Nov
02 May

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

Read more orange-arrow
Tata to seek urgent SC relief as TCS Board Meet Looms
01 May

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

Read more orange-arrow
FM Unveils Rs 102L cr Infra Plan for 5 Years
01 May

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

Read more orange-arrow
Adani , NTPC in fray for stressed Avantha Plant
01 May

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

Read more orange-arrow
office , Affordable Housing Shine in a Tepid Realty Market Last Year
01 May

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

Read more orange-arrow
Fiscal deficit hits 115% of Budget estimate in November
01 May

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

Read more orange-arrow
Small savings schemes: Govt keeps interest rates unchanged
01 May

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

Read more orange-arrow
Core sector output falls for 4th month, dips 1.5% in November
01 May

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

Read more orange-arrow
Home loans set to get cheaper as SBI lowers lending rate by 25 bps
31 May

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

Read more orange-arrow
PAN-Aadhaar linking deadline extended again, today's the last date
31 May

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

Read more orange-arrow
FY20 merchandise exports likely at $330-340 billion
31 May

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

Read more orange-arrow
Government will review existing FTAs to protect interest of domestic industry.
31 May

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

Read more orange-arrow
Grant Thornton emerges as new challenger to Big Four .
31 May

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

Read more orange-arrow
Big 4 audit companies scramble for forensic assignments of scam-hit corporates
31 May

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

Read more orange-arrow
Airtel prices increased for Prepaid users
30 May

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

Read more orange-arrow
Finmin , IRDAI seeks bank account insurance
30 May

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

Read more orange-arrow
Companies cautious after WeWork, Uber hiccups
30 May

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

Read more orange-arrow
All-in-one Diigital Repository of Official Data in the Works .
30 May

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

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

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

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

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

Read more orange-arrow
SBI announces OTP-based night-time ATM cash withdrawals from January
28 May

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

Read more orange-arrow
Public sector banks' gross NPA ratios may rise to 13.2% by Sept 2020
28 May

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

    Read more orange-arrow
RBI sounds the alarm about purchasing ratings
28 May

RBI  ...

Read more orange-arrow
Auto blues: Passenger vehicle sales may skid 13% this year
28 May

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

Read more orange-arrow
Loan frauds surge to 90% in FY19
28 May

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

Read more orange-arrow
Trai may not be able to fix floor for telecom tariffs before June
28 May

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

Read more orange-arrow
Airtel, Tata Teleservices Yet To Get Govt, Nod For Merger
27 May

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

Read more orange-arrow
DoT to seek TRAI’s views on new 5G spectrum, wants sale of additional bands in 2020
27 May

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

Read more orange-arrow
Audit partners seek more salary for extra risk
27 May

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

Read more orange-arrow
PFC and REC may extend loans with stricter riders to state power discoms
27 May

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

Read more orange-arrow
Regulator for railways coming soon, train fares likely to go up
27 May

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

Read more orange-arrow
Income Tax slab Rate Revision - Budget 2020
26 May

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

Read more orange-arrow
RBI warns banks over focus on retail loans
26 May

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

Read more orange-arrow
Five NBFCs beat sector gloom, clock up to 117% returns YTD
26 May

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

Read more orange-arrow
NCLAT Dismisses IT Dept Plea Against Reliance Jio On Demerger Of Tower, Fiber Units
26 May

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

Read more orange-arrow
BS 4 & BS 6 price gap to boost used car market
26 May

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

    Read more orange-arrow
Banks turning around on improved asset quality and capital base
25 May

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

Read more orange-arrow
Restructuring of the Indian Railways, merger of 8 services
25 May

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

Read more orange-arrow
IMF calls for 'urgent' action by India amid slowdown
25 May

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

Read more orange-arrow
Put 2 slabs of 10% & 20%, GST revamp panel told
25 May

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

Read more orange-arrow
Govt to bring ordinance to amend insolvency law
25 May

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

Read more orange-arrow
Telcos to witness reduction in Licence Fee
24 May

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

Read more orange-arrow
Govt Plans to incentivize Phone Cos to Make in India
24 May

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

Read more orange-arrow
Stuck Housing Projects to get investment via Non Convertible Debentures
24 May

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

Read more orange-arrow
Toll Collection Via FASTags Nears 50% Mark from total collection
24 May

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

Read more orange-arrow
Carmakers Get allowance to Equip Vehicles with Microdots
24 May

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

Read more orange-arrow
RoC files application to NCLAT on Tata Sons & Mistry case
24 May

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

Read more orange-arrow
Lending on peer-to-peer platforms capped at Rs 50L by RBI
24 May

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

Read more orange-arrow
Issuing debit cards for dormant a/cs stopped by Banks
23 May

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

Read more orange-arrow
Discharge of workers in unicorn club set tone for tougher 2020
23 May

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

Read more orange-arrow
Glitches in ITR Processing Lead to high Tax Liability on Capital Gains
23 May

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

Read more orange-arrow
Methanol Blend on Cards, Oil Import Bill may be reduced by Rs . 5k Cr
23 May

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

Read more orange-arrow
No immediate liability in Panna, Mukta and Tapti (PMT) profit dispute for RIL
23 May

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

Read more orange-arrow
Economy currently facing liquidity problem, demand recession
23 May

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

Read more orange-arrow
NCLAT strips Tata Sons off private company status
20 May

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

Read more orange-arrow
NCLT allows more time to draw bids for grounded Jet Airways
20 May

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

Read more orange-arrow
India Inc seeks a single corporate tax rate of 15% over three years
20 May

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

Read more orange-arrow
Government mulls cap on surge pricing, penalty against drivers of cab aggregators
20 May

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

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

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

Read more orange-arrow
RBI launches special operation to forcefully lower interest rates
20 May

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

Read more orange-arrow
Tata eyeing 49% stake in Walmart’s India wholesale business
20 May

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

Read more orange-arrow
NCLAT’s Orders to Reinstate Mistry reffering his removal as illegal
19 May

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

Read more orange-arrow
Telecom Industry Needs Some Sanity and Orderliness: Mittal
19 May

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

Read more orange-arrow
Startups Seek Clarity on Key Tax Issues
19 May

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

Read more orange-arrow
States raise their voices for Relaxing Fiscal Deficit Target
19 May

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

Read more orange-arrow
Rs 1cr Penalty on Cards for faulty Medical Devices
19 May

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

Read more orange-arrow
PEs, VCs Want PF Money in Startup Funds
18 May

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

Read more orange-arrow
Grievances against Central depts up 15% in 2019
18 May

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

Read more orange-arrow
Income Tax Cut Can Wait Till Bigger Issues are Resolved: CII
18 May

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

Read more orange-arrow
Refiners Seek Govt Nod to Raise Prices
18 May

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

Read more orange-arrow
NBCC to acquire Jaypee Infra, work on stalled projects to start in 6 months
18 May

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

Read more orange-arrow
Govt asks taxman to push for higher FY20 collection
18 May

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

Read more orange-arrow
Trai studies floor price for call, data tariffs
18 May

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

Read more orange-arrow
To Boost Local Manufacturing this budget might rejig the Duties
17 May

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

Read more orange-arrow
Foresaw Slump, Hence Previous Rate cuts says Das
17 May

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

Read more orange-arrow
India's MSCI EW index set to go up by 70 bps
17 May

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

Read more orange-arrow
IT, Electronics companies seek less GST on MEIS
17 May

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

Read more orange-arrow
Anil Ambani faces trial in London HC
17 May

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

Read more orange-arrow
Food Cos Write to FM as GST Fears Mount
16 May

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

Read more orange-arrow
Unsure of Future, Telco Staff Seek Opportunity Elsewhere
16 May

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

Read more orange-arrow
Govt Took Several Steps for Ease of Doing Business: MCA
16 May

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

Read more orange-arrow
Most dues paid, but Essar Steel’s promoters not off the hook yet
16 May

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

Read more orange-arrow
India’s Corp Tax Cut a Strong Signal to Investors: PwC Executives
16 May

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

Read more orange-arrow
Govt mulls new duty on imports
16 May

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

Read more orange-arrow
Government funds to Boost NBFCs, HFCs and Realty may Flow Soon
14 May

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

Read more orange-arrow
Religare Health Trust Puts on Hold Winding up Plans
14 May

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

Read more orange-arrow
Brokers Want Dividend Tax to Go, Also Seek Relief on STT & LTCG
14 May

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

Read more orange-arrow
Tata Motors Surges After UK Poll Results Brighten Brexit Hopes
14 May

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

Read more orange-arrow
Moody’s Keeps India GDP Growth Forecast at 5.6%
14 May

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

Read more orange-arrow
Banks Recover Rs.6,000 crore in Prayagraj Sale
14 May

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

Read more orange-arrow
Ambit Capital Pays ₹6 cr to Settle Insider Trading Case with Sebi
14 May

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

Read more orange-arrow
Factory Output Shrinking, Inflation on all time high
13 May

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

Read more orange-arrow
Class-action lawsuit against Infosys filed by US firm
13 May

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

Read more orange-arrow
Tackling e-waste, an emerging challenge for companies
13 May

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

Read more orange-arrow
Maruti reconsidring its plan to Ditch Diesel vehicle
13 May

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

Read more orange-arrow
Benefits of govt scheme yet to availed by NBFCs
13 May

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

Read more orange-arrow
Choice of Third Party Administrator available while buying insurance
12 May


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

Read more orange-arrow
Help of Govt. seeked by telcos for survival
12 May

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

Read more orange-arrow
Over 25% of Adani Electricity Mumbai (AEML) to be bought by Qatar SWF
12 May

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

Read more orange-arrow
Ordinance under Works to Ensure Power pact is honored
12 May

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

Read more orange-arrow
India may shift to Chain Base mechanism for GDP estimates
12 May

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

Read more orange-arrow
Ministry seeking Global Size Standards, may amend Central Motor Vehicle Rules
12 May

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

Read more orange-arrow
Exemptions for Govt Agencies from the proposed Personal Data Protection Bill may be a small reason to worry
11 May

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

Read more orange-arrow
RBI Widens Duty of Bank Auditors to Check Lapses
11 May

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

Read more orange-arrow
India Quit's membership of RCEP Over Unresolved Issues
11 May

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

Read more orange-arrow
RBI had no objection to Electoral Bonds via SBI
11 May

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

Read more orange-arrow
Gold's impressive advance is expected to continue in 2020
11 May

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

Read more orange-arrow
UPI becoming necessity for Indians
11 May

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

Read more orange-arrow
Understatement of Bad loans by Rs12k cr, says SBI
11 May


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

Read more orange-arrow
FDI Limit in Insurance Cos may Rise to 74%
10 May

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

Read more orange-arrow
Govt. strict on AGR Dues, instructs to pay on time
10 May

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

Read more orange-arrow
Cut in Export Sops Spooks Electronics Cos
10 May

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

Read more orange-arrow
Bank of India slashes MCLR by up to 20 bps after SBI, HDFC Bank cut rates
10 May

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

Read more orange-arrow
RBI urges govt to cut rates on small savings schemes
10 May

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

Read more orange-arrow
RIL in Talks for Rs.5,000-cr Loan to Take over Alok Industries
09 May

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

Read more orange-arrow
Mobile Cos Seek Review of Duty on Parts as Imports from Vietnam Soar
09 May

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

Read more orange-arrow
IBC to be Amended to Protect New Owners of Bankrupt Cos
09 May

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

Read more orange-arrow
Major banks, FIs largely optimistic on economy
09 May

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

Read more orange-arrow
Govt to push MSME-made goods through e-tailers
09 May

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

Read more orange-arrow
Maruti raises production in Nov after mths of output cut
09 May

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

Read more orange-arrow
Yes Bank moves in to name wilful defaulters
09 May

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

Read more orange-arrow
Karvy Broking accused of holding back clients’ funds
07 May

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

Read more orange-arrow
Sebi asks LIC, SBI, BoB to lower their stakes in UTI MF
07 May

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

Read more orange-arrow
Bankers get comforted by Prime Minister
07 May

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

Read more orange-arrow
Without AGR Relief, it will be end for Voda Idea
07 May

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

Read more orange-arrow
Annual Deadline for Ecomm’s FDI Compliance Check is Sept 30
07 May

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

Read more orange-arrow
ARCs may now acquire NPAs only through auction
07 May

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

Read more orange-arrow
Personal Data Protection Bill may retain exemptions for Journalists
07 May

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

Read more orange-arrow
RBI set to open small finance bank doors to lenders
06 May

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

Read more orange-arrow
No change in repo rate, Cuts FY20 GDP Forecast
06 May

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

Read more orange-arrow
15th Finance Commission may provide incentive to States for Adopting Agri Reforms
06 May

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

Read more orange-arrow
More Apprentices for Service sector demanded in India
06 May

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

Read more orange-arrow
Govt. set to introduce scheme to revive 24,000-MW gas power plants
06 May

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

Read more orange-arrow
Pichai Joins as CEO of Alphabet- parent co. of GOOGLE
05 May

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

Read more orange-arrow
As approved by board, Airtel ready to raise $4-B.
05 May

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

Read more orange-arrow
Order on AGR applicable to all telecom licensees
05 May

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

Read more orange-arrow
Clients with 23 PMC bankers took out Rs 70 crore- Draft Report
05 May

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

Read more orange-arrow
Total FDI Inflow increases, $62 billion foreign Investments in 2018-19
05 May

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

Read more orange-arrow
Govt set to close loss-making PSUs
04 May

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

Read more orange-arrow
I-T refunds increase over 22%
04 May

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

Read more orange-arrow
SAT asked Sebi to hear Bajaj Finance request
04 May

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

Read more orange-arrow
Telcos Seek Floor Price for Data Services
04 May

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

Read more orange-arrow
More Reforms to Make India Better Investment Destination FM
04 May

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

Read more orange-arrow
Carmakers to hike prices from January to absorb input costs
04 May

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

Read more orange-arrow
Well-stocked rural kiranas see less footfall amid the slowdown
03 May

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

Read more orange-arrow
Govt says no proposal to reduce taxes on petrol, diesel
03 May

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

Read more orange-arrow
Railways records worst operating ratio in 10 years
03 May

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

Read more orange-arrow
No direct sops for junking old cars
03 May

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

Read more orange-arrow
Manufacturing jobs fall for first time in 20 months in November
03 May

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

Read more orange-arrow
NBCC Likely to Offer More Land to Lenders, Reduce Timeline to Complete Flats
02 May

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

Read more orange-arrow
Bharti Airtel Plans Share Issue First, Bonds Later to Raise Funds for AGR
02 May

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

Read more orange-arrow
Personal insolvency beginning of a 'new learning', says Sahoo
02 May

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

Read more orange-arrow
Pay more as unlimited free calls across networks end
02 May

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

Read more orange-arrow
Paytm payments bank eyes small fin model
02 May

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

Read more orange-arrow
Car, SUV sales slip post-festive season in Nov
02 May

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

Read more orange-arrow
Core sector output declines to record low.
30 May

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

Read more orange-arrow
Yes Bank may raise $2bn from 8 investors
30 May

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

Read more orange-arrow
RBI initiates insolvency process against DHFL
30 May

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

Read more orange-arrow
Sebi rejects Karvy’s plea for limited use of PoAs
30 May

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

Read more orange-arrow
Meeting fiscal deficit target-'A tough task'
30 May

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

Read more orange-arrow
Q2 Sees Revival in Rural Demand for Groceries
29 May

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

Read more orange-arrow
RIL becomes first Indian company to cross 10 trillion in market cap
29 May

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

Read more orange-arrow
No End to NBFC Credit Slide Show
29 May

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

Read more orange-arrow
Fake websites offering petrol pump licences under scanner
29 May

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

Read more orange-arrow
Icra downgrades Shapoorji Pallonji rating; outlook to negative
29 May

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

Read more orange-arrow
Ola plans to slash jobs ahead of IPO
29 May

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

Read more orange-arrow
Violation of rules by Karvy for using client's assets
28 May

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

Read more orange-arrow
2 ex-directors of Zee Ent raised issues
28 May

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

Read more orange-arrow
No floor price by telecom regulator for mobile tariffs
28 May

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

Read more orange-arrow
6-yr plan for Centre & states by Financial panel
28 May

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

Read more orange-arrow
Growth Down, But No Fear of Recession
28 May

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

Read more orange-arrow
Ola, Uber Fees may be Capped at 10% of Total Fare
28 May

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

Read more orange-arrow
By pledging clients’ securities, Karvy raised Rs 600 crore
27 May

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

Read more orange-arrow
Pharma Inc agrees for 30% cap margins on non-price control drugs
27 May

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

Read more orange-arrow
Amalgamation of Labour Laws will be helpful in Ease of doing business.
27 May

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

Read more orange-arrow
RBI appeal to have an eye on bad loans under Mudra scheme
27 May

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

Read more orange-arrow
Competition Commission of India probe Schaeffler, Tata Steel, SKF
27 May

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

Read more orange-arrow
Investigation for fraud could delay DHFL resolution
27 May

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

Read more orange-arrow
Sebi rules reduce risk in PMS, but only slightly
26 May

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

Read more orange-arrow
Subhash Chandra Resigns as Chairman of Zee Entertainment Enterprises
26 May

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

Read more orange-arrow
Committee of Secys on Telecom ‘Disbanded’
26 May

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

Read more orange-arrow
Chakan plant of Volkswagen closed for another month
26 May

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

Read more orange-arrow
E-mobility hits a bump on ailing transport utility, tender issues
26 May

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

Read more orange-arrow
Sebi cracked Karvy’s misuse of clients’ funds by year long investigation.
26 May

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

Read more orange-arrow
Uber Eats to be acquired by Zomato
25 May

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

Read more orange-arrow
IBC to be ammended by Govt.
25 May

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

Read more orange-arrow
CG Power may remove promoter Gautam Thapar
25 May

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

Read more orange-arrow
GoM set up to resolve land leasing issues
25 May

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

Read more orange-arrow
Sebi rules on share separation leave brokers shaken
25 May

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

Read more orange-arrow
IITs See Flood of Early Offers in Slowdown Season
23 May

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

Read more orange-arrow
Competition watchdog needs to reveal identity of informers
23 May

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

Read more orange-arrow
Sebi bans Karvy brokerage for suspected Rs.2k-cr fraud
23 May

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

Read more orange-arrow
Cognizant cuts bench time, puts pressure on employees
23 May

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

Read more orange-arrow
Telcos asked to list disconnected numbers
23 May

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

Read more orange-arrow
Maruti Suzuki to Introduce BS-VI Petrol Versions of Brezza, S-Cross
23 May

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

Read more orange-arrow
GDP Estimate raised by OECD to 6.2%
22 May

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

Read more orange-arrow
Protest against industrial relations code by Unions
22 May

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

Read more orange-arrow
Traffic Challans worth Rs 577 cr issued since Sept 1
22 May

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

Read more orange-arrow
RBI takes over DHFL board, appoints an administrator
22 May

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

Read more orange-arrow
PSBs disburse record Rs 2.5L cr loans in Oct
22 May

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

Read more orange-arrow
GST returns filed increased by 8.2%
22 May

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

Read more orange-arrow
PSU Oil Biggies not to show intrest in BPCL Divestment
22 May

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

Read more orange-arrow
Zee Entertainment shares rally 10% as promoters sell stake
21 May

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

Read more orange-arrow
Relief for Airtel, Vodafone Idea, 2 year moratorium on spectrum payments
21 May

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

Read more orange-arrow
Sebi tightens disclosure norms on loan defaults
21 May

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

Read more orange-arrow
Stubble burning to be crubbed by NITI Aayog
21 May

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

Read more orange-arrow
Reliance m-cap nears Rs 10 lakh crore; Mukesh Ambani now world's 12th richest man
21 May

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

Read more orange-arrow
India Post Payments Bank may be turned into a small fin lender
21 May

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

Read more orange-arrow
SEBI to tighten rules for PMS
20 May

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

Read more orange-arrow
RBI may refer DHFL for insolvency
20 May

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

Read more orange-arrow
Govt has no intention to revise fiscal deficit target
20 May

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

Read more orange-arrow
GAIL, regulator at conflict over Rs 1.5K crore pipeline
20 May

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

Read more orange-arrow
Cars without FASTags to pay twice at trolls from December
20 May

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

Read more orange-arrow
Rs 3,277cr divergence in Yes Bank’s reported NPAs to RBI
20 May

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

Read more orange-arrow
Panel to review norms for director’s disqualification
20 May

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

Read more orange-arrow
Companies Act panel wants penalties cut, sections decriminalised
19 May

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

Read more orange-arrow
Mobile call, data to cost more from December
19 May

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

Read more orange-arrow
Duty drawback rates for gold, silver jewellery exports raised sharply
19 May

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

Read more orange-arrow
Coal mining based on revenue sharing soon
19 May

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

Read more orange-arrow
Maruti’s diesel models going out with a bang
19 May

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

Read more orange-arrow
NCLT Calls Meeting with Jet Air Suitor
19 May

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

Read more orange-arrow
SBI, government plan priority status for real estate AIF
18 May

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

Read more orange-arrow
Flipkart and Amazon clock Rs 31,000 crore in festive sales
18 May

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

Read more orange-arrow
Voda Idea AGR dues could rise further
18 May

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

Read more orange-arrow
Airtel withdraws bid for RCom assets sale
18 May

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

Read more orange-arrow
‘Make in India’ hub Noida to churn over 30 crore mobile phones in 5 years
18 May

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

Read more orange-arrow
FM: Plan to shield IBC companies from PMLA action against promoters.
18 May

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

Read more orange-arrow
Link unique client code to PAN, demat account: Sebi
16 May

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

Read more orange-arrow
Financial cos brought under ambit of insolvency code
16 May

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

Read more orange-arrow
I Want all Telcos to Flourish, Says FM Sitharaman
16 May

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

Read more orange-arrow
SC Clears Arcelor’s Takeover of Essar Steel
16 May

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

Read more orange-arrow
Ecomm Faces the Bulk of Consumer Bricks & Mortars
16 May

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

Read more orange-arrow
Vodafone Idea’s Auditors May Take Call on Writing Off its Assets Soon
16 May


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

Read more orange-arrow
Tax cut shores up India Inc’s profit, still revenues slip
15 May

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

Read more orange-arrow
Voda Idea & Airtel post Rs 74,000 crore loss in Q2 on AGR provisioning
15 May

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

Read more orange-arrow
Labour ministry drops the plan to corporatise EPFO
15 May

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

Read more orange-arrow
KKR, Bain, TPG eye Cafe Coffee Day holding
15 May

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

Read more orange-arrow
Government plans to lower fines on companies to boost compliance
15 May

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

Read more orange-arrow
Wholesale inflation hits 3 year low in October
15 May

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

Read more orange-arrow
Voda Idea to go insolvent if government doesn't help
14 May

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

Read more orange-arrow
Infosys firm on stand, refutes charges of lapses
14 May

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

Read more orange-arrow
SpiceJet loss widens to Rs 463 cr in Q2
14 May

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

Read more orange-arrow
DoT asks telcos to pay nearly Rs 93k cr
14 May

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

Read more orange-arrow
Retail inflation jumps to 16-month high of 4.62% in October
14 May

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

Read more orange-arrow
Even though slump has bottomed out, but still credit worries remain says BK Goenka
14 May

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

Read more orange-arrow
Firms linked to promoter Thapar to return Rs.3,300 cr
13 May

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

Read more orange-arrow
Carrer Point to takeover IL&FS'sEducation biz
13 May

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

Read more orange-arrow
Licence fee lowered,2 year freeze on spectrum dues
13 May

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

Read more orange-arrow
Pay-to-performance may make it tough for banks to reward top talent
13 May

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

Read more orange-arrow
Farmers get right price with the formation of producer organisations
13 May

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

Read more orange-arrow
IBC proceeds formula may be reworked to avoid squabbles, legal delays
13 May

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

Read more orange-arrow
CII against proposal to lower companies welfare officer hiring threshold
13 May

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

Read more orange-arrow
Industrial output shrinks 4.3% in Sep, in weakest showing since Apr 2012
12 May

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

Read more orange-arrow
Air India’s dues worth Rs 22,000 cr to be cleared by govt.
12 May

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

Read more orange-arrow
250 defence startups to be financed over next 5 years
12 May

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

Read more orange-arrow
IT spending in India to grow 6.6% to $94 bn in 2020
12 May

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

Read more orange-arrow
Just 5 banks claim 80% of UPI’s big billion October fest
12 May

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

Read more orange-arrow
Bank of Baroda integrates 30,000 employees of Vijaya, Dena Banks
12 May

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

Read more orange-arrow
'Bajaj Auto-Triumph' deal finally on track
11 May

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

Read more orange-arrow
Lenders yet to classify DHFL as NPA
11 May

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

Read more orange-arrow
Moody’s cuts India’s rating outlook to negative from stable
09 May

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

Read more orange-arrow
Small rise in tariffs may yield about Rs 35,000Cr in Revenue for Telcos: DOT
09 May

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

Read more orange-arrow
Govt may stop UCB's from using Bank in Name
09 May

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

Read more orange-arrow
RBI directs banks to waive NEFT Fee from Jan
09 May

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

Read more orange-arrow
IDBI Bank on Friday reported its 12th successive quarterly loss
09 May

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

Read more orange-arrow
Suzuki set to move slow on 3rd plant in Gujarat
09 May

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

Read more orange-arrow
Govt caps funding for single stalled realty projects at ₹400 crore
08 May

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

Read more orange-arrow
E-commerce companies shall stop predatory pricing: Piyush Goyal
08 May

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

Read more orange-arrow
FM Nirmala Sitharaman reviews state of economy at FSDC meeting
08 May

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

Read more orange-arrow
Situation at PMC Bank being closely monitored; forensic audit underway says RBI Governor
08 May

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

Read more orange-arrow
Insurance regulator bars Reliance Health Insurance from selling policies as solvency drops
08 May

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

Read more orange-arrow
Open to invest in Air India if we get right partner: Qatar Air
08 May

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

Read more orange-arrow
Infosys' numbers are all correct, says Chairman Nandan Nilekani
07 May

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

Read more orange-arrow
Tata Trust says Don't need tax breaks to pursue charity
07 May

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

Read more orange-arrow
India's AGR ruling may hit any company with telecom licence
07 May

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

Read more orange-arrow
Health index to reflect Ayushman Bharat progress
07 May

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

Read more orange-arrow
Finance Minister Notifies Framework For Non-debt Flows
07 May

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

Read more orange-arrow
Rs 25,000cr fund to revive 1,600 projects with 4.6 lakh houses
07 May

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

Read more orange-arrow
Forecast of 20% fall in Maruti sale in 2019-20
06 May

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

Read more orange-arrow
TRAI says setting floor rate for telecom tariffs is very difficult
06 May

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

Read more orange-arrow
India is out of RCEP but ready for talks
06 May

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

Read more orange-arrow
Services activity slows again in October as per Purchasing Managers’ Index
06 May

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

Read more orange-arrow
Sebi tightens norms for demat of physical shares.
06 May

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

Read more orange-arrow
India's Qtr II gold demand dropped by 32%
06 May

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

Read more orange-arrow
RBI doesn’t relent, chiefs of pvt banks need to retire at 70
02 May

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

Read more orange-arrow
Income tax dept cancels 6 Tata Trusts’ registrations
02 May

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

Read more orange-arrow
Manufacturing Activity Slows to an Over 2-year Low in October
02 May

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

Read more orange-arrow
Vehicle Makers' sale improves during October due to Diwali festival
02 May

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

Read more orange-arrow
Real Estate Dealers see 15-25% rise in sales during Diwali
02 May

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

Read more orange-arrow
Now workers can generate UAN from EPFO portal directly
02 May

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

Read more orange-arrow
With restructuring Cognizant plans to slash 18k jobs
01 May

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

Read more orange-arrow
India offering subsidies via export schemes: WTO panel
01 May

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

Read more orange-arrow
Core Sector puts up worst show in 14 years, shrinks 5.2% in Sept
01 May

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

Read more orange-arrow
PE Arm of IL&FS Moves NCLT against DB Realty
01 May

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

Read more orange-arrow
After Talks, RCEP Now A Political Call
01 May

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

Read more orange-arrow
No proposal to launch gold amnesty scheme
01 May

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

Read more orange-arrow
Diwali brings cheers for real estate market
01 May

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

Read more orange-arrow
E-payments battle leads to $1bn loss for top cos in FY19
31 May

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

Read more orange-arrow
Govt unlikely to reduce DDT, capital gains tax
31 May

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

Read more orange-arrow
Losses Due to GST in FY 23 to Be Rs. 13 K Cr: UP to Fin Panel
31 May

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

Read more orange-arrow
AirAsia India Plans to Take Fleet Size to 100 in Five Years
31 May

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

Read more orange-arrow
Hyundai, Kia’s $300m funding in Ola and its Electric arm gets CCI approval
31 May

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

Read more orange-arrow
Consumer Credit Growth Slips in Q1, Older Loans Show Stress
31 May

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

Read more orange-arrow
NHAI to Focus on Land Acquisition for New Projects
31 May

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

Read more orange-arrow
Concrete govt. steps being taken to de-stress telecos
30 May

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

Read more orange-arrow
Indigo orders 300 planes for $33 billions (Rs. 2.4 lakh crs)
30 May

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

Read more orange-arrow
Panel created for simplify the entry of Foreign Investment
30 May

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

Read more orange-arrow
More effective CSR needed in Poorer States
30 May

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

Read more orange-arrow
No income tax rates cuts in the offing
30 May

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

Read more orange-arrow
Slowdown is temporary, will reverse
30 May

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

Read more orange-arrow
Hindustan Zinc Q2 profit up by 14.6% to 2081 crs.
30 May

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

Read more orange-arrow
Tata Sons to infuse 6500 crs in Tata Motors for morale boosting
26 May

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

Read more orange-arrow
Reliance to create subsidiary for JIO with 1 lakh cr investment
26 May

he board of  Reliance Industries...

Read more orange-arrow
Telcos to seek relief from Govt.
26 May

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

Read more orange-arrow
Punjab Haryana advised to stop stubble burning completely for next few days
26 May

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

Read more orange-arrow
SBI Q2 net profit zooms 3 fold to 3012 crs.
26 May

Country's largest lender Sta ...

Read more orange-arrow
Glitter of Dhanteras missing in Gold & Silver but auto shines
26 May

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

Read more orange-arrow
SC ruling on AGR likely to worsen viability for debt ridden Telcos sector
25 May

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

Read more orange-arrow
Infosys wants probe to be completed in 2 weeks
25 May

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

Read more orange-arrow
India rises by 14 positions in the Ease of doing business
25 May

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

Read more orange-arrow
Honda Cars plans to shut the plant as India sale fall by 50% in 4 years
25 May

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

Read more orange-arrow
US SEC probing Infosys whistleblower charges
25 May

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

Read more orange-arrow
Bank shares slide over fear of rising NPA
25 May

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

Read more orange-arrow
Govt. eases Entry in Petrol Pump business
24 May

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

Read more orange-arrow
SEBI and BSE probe Infosys for whistleblower disclosures
24 May

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

Read more orange-arrow
Income Tax evasion of Rs.1000 crore detected linked to Chopper Scam
24 May

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

Read more orange-arrow
BSNL and MTNL to be merged under a revival plan
24 May

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

Read more orange-arrow
In US trade talks some Agri products are stumbling blocks
24 May

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

Read more orange-arrow
Microsoft India topline crosses $1bn for the first time
24 May

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

Read more orange-arrow
Risk of contagion rises in financial sector
24 May

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

Read more orange-arrow
Insider trading charge hangs over stock moves
23 May

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

Read more orange-arrow
India Post Payments Bank fights to survive
23 May

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

Read more orange-arrow
DHFL may Buy Back MF Bonds at Discount
23 May

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

Read more orange-arrow
Toyota, Suzuki Plan Early Launch of Battery EVs in India
23 May

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

Read more orange-arrow
MSME to be Redefined for Tax Uniformity & Investment: Gadkari
23 May

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

Read more orange-arrow
NHAI Likely to Award Projects Worth ₹8 Lakh Cr Over 3 Years
23 May

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

Read more orange-arrow
Railways to have only high-speed and semi-high speed network: Chairman Railway Board
23 May

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

Read more orange-arrow
Private brands business of e-tailers under scanner
22 May

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

Read more orange-arrow
Jet effect: Intnational air travel grows just 1%
22 May

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

Read more orange-arrow
Walmart CEO Writes to PM, seeks stable business environment
22 May

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

Read more orange-arrow
Infosys ADR Crashes 14% after complaint
22 May

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

Read more orange-arrow
Electric 2-Wheeler Sales Crash by FAME harder norms
22 May

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

Read more orange-arrow
SBI Seeks Govt Help to Salvage Rs.1 L Cr Gas Plants
22 May

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

Read more orange-arrow
Next FTP May Cut Raw Material Costs to Boost Sliding Exports
22 May

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

Read more orange-arrow
China Braces for Economic Growth to Fall Below 6%
22 May

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

Read more orange-arrow
Govt looks to ease more FDI rules to attract investments
21 May

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

Read more orange-arrow
Stiff fines drive 3rd-party motor insurance business
21 May

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

Read more orange-arrow
Quarter 2 Results: Tax Cut Boosts Profit, But Revenue Crawls
21 May

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

Read more orange-arrow
AI Buyer Can Fly with the Maharaja
21 May

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

Read more orange-arrow
Vehicle Scrappage Plan may not bear fruit without age Limit
21 May

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

Read more orange-arrow
EPFO Members may Get Option to Draw Pension After 60
21 May

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

Read more orange-arrow
India Turns Net Copper Importer for First Time in 18 yrs
21 May

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

Read more orange-arrow
Sebi tightens disclosure norms on auditors’ exit
19 May

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

Read more orange-arrow
RBI Monetary Policy Committee saw growth slowing in Q2 as well
19 May

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

Read more orange-arrow
Consumer Businesses fuel 18% rise in RIL’s Q2 Profit
19 May

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

Read more orange-arrow
ED Questions Praful Patel Over ‘Mirchi Links’
19 May

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

Read more orange-arrow
HC directs tax dept to refund Rs 788.39 crore to Vodafone Idea
19 May

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

Read more orange-arrow
NHAI to check on liquidity of banks before HAM projects
19 May

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

Read more orange-arrow
Madhya Pradesh ready for unorthodox steps to help investment
19 May

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

Read more orange-arrow
IndiGo battle heats up, Bhatias move US court
18 May

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

Read more orange-arrow
Zee weighs legal option against FD adjustment
18 May

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

Read more orange-arrow
No slowdown for Marriott, will add 26 hotels by 2020
18 May

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

Read more orange-arrow
Acute Liquidity Squeeze Choking Sales in Rural Markets, Says HUL
18 May

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

Read more orange-arrow
Govt. set to halve Air India baggage before selloff
18 May

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

Read more orange-arrow
Oil PSUs may not adopt lower taxes to avoid credit loss
18 May

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

Read more orange-arrow
Civil society question Govt. on RCEP’s benefits when economy is slowing
18 May

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

Read more orange-arrow
PSBs Saw ‘Worst Phase’ Under Singh, Rajan: FM
17 May

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

Read more orange-arrow
No Privatisation of Railways: Goyal
17 May

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

Read more orange-arrow
Railways protests against IRCTC public offer price
17 May

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

Read more orange-arrow
Tatas rule out sale of JLR, will look for partners
17 May

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

Read more orange-arrow
PSBs set to start doorstep banking
17 May

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

Read more orange-arrow
Chetak makes an electric comeback
17 May

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

Read more orange-arrow