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Tatas to shift ready-to-eat business to Tata Consumer
21 Oct

The closely held Tata Industries is set to transfer its ready-to-eat meal business (sold under Tata Q brand) to the publicly listed Tata Consumer Prod ...

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Investment banks receive decade-high fees of $611mn on IPO & M&A
21 Oct

The IPO frenzy and M&A wave are minting money for Deal Street.Fees earned by big investment banks and boutique advisory firms in India rose to $61 ...

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PM says vaccination rate will assure boost tourism
21 Oct

With India expected to cross the crucial 100-crore vaccination mark, Prime Minister Narendra Modi has linked getting the Covid jabs to overall recover ...

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Vodafone Idea board avails moratorium
21 Oct

Vodafone Idea on Wednesday said its board has approved availing the four-year spectrum-payment moratorium being offered by the government as part of i ...

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IMF India’s ex-chief says, maintain existing taxes on fuel
21 Oct

The recovery in investment and consumption is expected to continue as reflected in the momentum of high frequency indicators. The pick-up in vaccinati ...

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Prime Minister wants oil majors to invest in India
21 Oct

As high oil, gas and coal prices threaten the nascent global economic recovery, PM Narendra Modi on Wednesday invited global majors to become partners ...

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Bad loans to rise up to 150bps in FY22
20 Oct

Non-performing assets (NPAs) of banks are likely to rise to 8-9% in FY22 from 7.5% as of March 2021, driven by defaults in the retail and small busine ...

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HUL’s Q2 profit rises 9% amid high inflation
20 Oct

FMCG bellwether Hindustan Unilever (HUL) posted 9% growth in standalone net profit of Rs 2,187 crore in the second quarter ended September 30 as compa ...

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Google’s new Pixel, Android fuel iPhone competition
20 Oct

Google launched the latest Pixel smartphones on Tuesday, betting on its first custom-designed system processor and a new version of the Android operat ...

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Stiff cashout penalties may lead to shutdowns, ATM companies tell RBI
20 Oct

The ATM industry has made a representation to the Reserve Bank of India (RBI), seeking a retraction of the Rs 10,000 penalty for cashout at any machin ...

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Challenges abound as Tata has to refurbish Air India planes
20 Oct

Tata Sons' $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and ...

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Adani group commits 70% capex on energy transition
20 Oct

Port-to-energy conglomerate Adani Group will invest over USD 50-70 billion in renewable energy value chain over the next decade and the group firms ha ...

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FM, RBI keen to continue growth
19 Oct

The finance ministry and the Reserve Bank of India (RBI) are on the same page on the issue of continuing pandemic-era stimulus.Finance minister Nirmal ...

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Indian startups raise record $11bn in 3 months
19 Oct

Indian startups haven’t had it so good in a long time. They raised nearly $11 billion in the July-September quarter, twice the money that they got dur ...

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China's economy disturbed due to power crunch
19 Oct

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in ...

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Retail, hospitality keep job market on growth path
19 Oct

The onset of festive season, declining Covid cases and continued digitisation-led growth in tech industry saw the white-collar job market expand by ov ...

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SBI: Interest rate on small savings scheme higher than PPF, NSC
19 Oct

By holding small savings rates steady for six quarters, the government is paying between 47 and 178 basis points (100 basis points equal a percentage ...

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Delhi company gets ‘Eco Oscar’ for clean-air technology
19 Oct

Delhi-based Takachar is one among five winners of the first-ever Earthshot Prize, also called “Eco Oscar”, instituted by Prince William to reward inno ...

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HDFC Bank’s restructured loans rise to 1.7%, NPAs decline
18 Oct

HDFC Bank has reported a significant increase in restructured loans under the Covid relief scheme. Analysts are concerned that a large chunk of these ...

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Mr. Delaporte turns around Wipro as stock rally 70% since appointment
18 Oct

In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore h ...

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Saroj Poddar to create Zuari holding company for agriculture
18 Oct

Saroj Poddar-controlled Adventz Group will implement a structure in which the publicly listed Zuari Agro Chemicals will become the holding company of ...

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Govt may check import of key sanitiser ingredient
18 Oct

India’s trade remedies directorate has recommended the use of safeguard measures for two years on a key ingredient used in making hand sanitisers and ...

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Opportunities are in plenty in India: FM to US CEOs
18 Oct

Opportunities are galore in India for all investors and industry stakeholders with the current reset in the global supply chain and clear-headed and c ...

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Six Senses eyes 6 luxury resorts in a decade: CEO
18 Oct

Hospitality major Inter-Continental Hotels Group’s (IHG) wellness and sustainability brand Six Senses — which is making its foray in the Indian market ...

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Top 4 IT companies recruit 1 lakh employees in April-September
16 Oct

India’s 4 greatest IT corporations — TCS, Infosys, Wipro and HCL — have seen their mixed worker energy rise by over 1 lakh within the first six months ...

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Bankers see risk in chase for commercial papers
16 Oct

Availability of cheap funds in the money markets through commercial papers is prompting financial intermediaries to arbitrage and chase higher returns ...

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Reliance Brands buys 40% stake in designer Manish Malhotra’s MM Styles
16 Oct

Reliance Brands Ltd (RBL), part of Mukesh Ambani-led Reliance Industries Ltd, acquired 40 per cent stake in famous designer Manish Malhotra's MM Style ...

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Irdai moots premium hike for rebuilding in disaster areas
16 Oct

The insurance regulator has mooted the introduction of a differential premium for insured properties that are rebuilt on sensitive terrain after a nat ...

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US pips China as India’s largest trading partner
16 Oct

The US has overtaken China as India’s largest trading partner, thanks to faster growth during the first nine months of 2021.Data collated by the comme ...

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PE investment in real estate up 24% YoY in July-Sept at Rs 3,500 cr
16 Oct

Private equity investment in real estate rose 24 per cent year-on-year to USD 477 million (about Rs 3,500 crore) during the July-September 2021 period ...

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RIL says it was in talks to merge media business with Zee
14 Oct

Reliance Industries (RIL) said on Wednesday it had shown interest to merge its media business with Zee Entertainment Enterprises but dropped the plan ...

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Tata-owned Air India to be formidable competition: IndiGo CEO
14 Oct

Air India, under the Tata Group, is all set to improve the service standards at Indian airlines and India’s largest carrier in terms of market share - ...

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Infosys, Wipro’s revenues zoom over 20% in quarter 2
14 Oct

Infosys and Wipro had a stellar second quarter, sending their share prices in morning trade on the New York Stock Exchange (NYSE) soaring. Infosys’s r ...

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Due to chip shortage smartphone prices are hiked
14 Oct

Global supply chain constraints and shortage of chips and other electronic components is weighing heavily on consumers’ pockets this festive season.Ev ...

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3 PSU non-life insurers start reducing branches
14 Oct

Public sector non-life insurance companies have begun a restructuring exercise of shrinking their branch network in a bid to reduce costs and improve ...

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Dish TV board rejects Yes Bank’s request for EGM
14 Oct

Dish TV India’s board on Wednesday expressed its inability to convene an extraordinary general meeting (AGM) as requisitioned by Yes Bank, citing vari ...

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Tata Motors to raise $1bn from Private Equity investors for 15% in EV business
13 Oct

Tata Motors will raise Rs 7,500 crore ($1 billion) from a foreign private equity group by selling up to 15% in its nascent domestic passenger electric ...

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RIL invests in German company, 3rd solar deal within 3 days
13 Oct

Reliance Industries (RIL) will invest in Germany’s NexWafe for 25 million euros (Rs 217 crore), marking its third deal in clean energy. A couple of da ...

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Retail Inflation Eases To 5-month Low Of 4.35 % In September
13 Oct

Retail inflation declined to 4.35 per cent in September, mainly due to lower food prices, according to government data released on Tuesday.The Consume ...

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Invesco proposed merger with large Indian group in Feb 2021: ZEE
13 Oct

Amidst the ongoing battle between ZEEL and Invesco, Zee Entertainment Enterprises Limited stated on Tuesday that Aroon Balani and Bhavtosh Vajpayee, r ...

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Centrum and BharatPe Get Small Finance Bank License
13 Oct

Four months after the RBI gave in-principle approval to Centrum Financial Services to float a small finance bank (SFB), the RBI has granted the SFB li ...

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RBI bars CA firm for 2 years on failure to comply with RBI directions
13 Oct

The RBI has debarred the chartered accountancy firm of Haribhakti & Co from undertaking any audit assignments in any entity regulated by the centr ...

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Companies offer childcare with hybrid office
12 Oct

As hybrid emerges as a prevalent method of returning to work, several organisations are adopting an integrated approach to childcare benefits as well. ...

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Zostel to Sebi: Suspend Oyo’s $1.2bn IPO
12 Oct

Zostel Hospitality, parent of Zostel Hostels and Zo Rooms, has written to markets regulator Sebi, urging it to suspend Oyo’s $1.2-billion proposed IPO ...

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Zee’s deal with Sony may enrich Chandras: Invesco
12 Oct

While it has welcomed a deal between Zee Entertainment Enterprises and Sony Pictures Networks, the former’s largest shareholder Invesco has opposed an ...

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Rupee drops below 75 on rising crude oil, bond yields surge
12 Oct

The rupee breached the 75 level to close 37 paise lower against the dollar at 75.36 on Monday on high crude prices. The higher price of dollar and oil ...

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Report of FM: Indian economy on path to swift recovery
12 Oct

Strategic reforms and the rapid vaccination drive has placed the country on the path to swift recovery by enabling the economy to "navigate the ravagi ...

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Akasa Air gets govt approval, to start operations by 2022
12 Oct

It's official! Rakesh Jhunjhunwala-backed new airline Akasa has got no objection certificate (NOC) from the government to take it to the skies, SNV Av ...

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RIL boosts solar business with Rs 9k crore deals
11 Oct

Mukesh Ambani’s $10-billion renewables dream will take wings with acquisition of Norway-based solar panel manufacturer REC Solar Holdings and a 40% st ...

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Women workers go on strike at Urban Company alleging exploitation
11 Oct

A section of women workers comprising beauticians and salon experts at online gig marketplace Urban Company has gone on strike, alleging exploitation ...

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Indian companies collect $9.7 bn via IPOs in Jan-Sept
11 Oct

Bolstered by bullish investor sentiments, India witnessed companies mopping up a whopping $9.7 billion through initial share sales in the first nine m ...

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Mood has changed, consumers bullish on economy: RBI
11 Oct

There has been a huge change in public sentiment since the August monetary policy meeting of the Reserve Bank of India (RBI). People are less pessimis ...

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Government to also take over AI’s unpaid bills of Rs 16,000 crore
11 Oct

The new holding company for Air India, which will take over real estate, paintings and other non-core assets of Air India, will also be saddled with p ...

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Preparations in place for growing the economy rapidly
11 Oct

In late April and early May 2020, amid the national lockdown, Prime Minister Narendra Modi held a series of meetings with experts across several secto ...

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CEA Krishnamurthy Subramanian to return to academia
09 Oct

Chief economic adviser (CEA) Krishnamurthy Subramanian said on Friday that he has decided to return to academia after completing his three-year term i ...

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TCS profit up 14%, revenue 16%
09 Oct

It has been another good quarter for TCS. And the forecast looks good, considering the company is planning record fresher hiring.The company’s revenue ...

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Digital payments for business get a boost
09 Oct

Digital payments for business have got a big boost with RBI hiking the limit for immediate payment service (IMPS) to Rs 5 lakh from Rs 2 lakh. The cen ...

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Corporate India’s hiring activity rises 57% in September
09 Oct

India Inc's hiring activity surpassed pre-Covid levels last month, buoyed by accelerated pace of vaccination, rise in consumer demand and a host of po ...

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Monthly SIP inflow at over Rs 10k cr in Sept
09 Oct

Retail investors seem to have been able to cushion the shock from Covid-19-induced pandemic well in the last one year. After scaling down their exposu ...

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Tatas wins the bid for Air India for 18k cr
09 Oct

It’s a lost-and-found story like no other in business folklore. A 153-year-old conglomerate reclaims an airline behemoth after 68 years and several go ...

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Reliance Retail to bring 7-Eleven in India
08 Oct

Days after Kishore Biyani’s Future Group terminated its agreement with 7-Eleven, Reliance Retail Ventures, the retail arm of Mukesh Ambani-led conglom ...

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Tata Motors to raise $1 billion to push EV market
08 Oct

Tata Motors is in advanced stages to raise $1 billion through a stock sale of its electric vehicle unit as it accelerates transition to plug-in cars.T ...

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Give Zee reasonable time to reply: NCLAT to NCLT
08 Oct

The National Company Law Appellate Tribunal (NCLAT) on Thursday held that in the feud between Zee Entertainment and its top investor Invesco, the NCLT ...

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Ola to enter vehicle sales business, hires Amazon executive
08 Oct

Ride-hailing platform Ola on Thursday said it is getting into pre-owned and new vehicle sales business, which pits the company against players such as ...

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Piramal to demerge financial services & pharma business
08 Oct

The Piramal Enterprises board on Thursday approved a proposal to demerge the pharmaceutical business, which would result in two separate listed entiti ...

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Bombay HC dismisses Srei’s plea against RBI
08 Oct

The Bombay high court on Thursday dismissed a writ petition filed by promoters of the Srei group against the RBI’s decision to supersede the boards of ...

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Rising crude pulls sensex down & rupee near 6-month low of Rs.75/$
07 Oct

Rising crude oil prices on Wednesday pulled down the sensex by 555 points to close at 59,190, weakened the rupee to near the 75-to-a-dollar level, a l ...

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Due to rise in price consumers switch to packaged tea from loose tea during pandemic
07 Oct

Procurement constraints and spiralling tea prices post-pandemic has been a crisis that turned into an opportunity for packaged tea players.When prices ...

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Card spends hit Rs 2 lakh crore in Q2
07 Oct

Spending is back with a bang. The July-September quarter has set a new record with the value of credit card transactions expected to have crossed Rs 2 ...

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IL&FS gets NCLT’s nod to sell road projects via InvIT
07 Oct

The National Company Law Tribunal (NCLT) has allowed IL&FS to sell road projects of IL&FS Transportation Networks through an infrastructure in ...

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Cabinet approves Rs 4,445-cr PM MITRA Yojana to set up 7 mega textile parks
07 Oct

The Union Cabinet on Wednesday approved the setting up of 7 Mega Integrated Textile Region and Apparel parks with a total outlay of Rs 4,445 crore for ...

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Zee moves NCLAT against NCLT order on Invesco's plea
07 Oct

Zee Entertainment Enterprises Limited on Wednesday filed an appeal before the National Company Law Appellate Tribunal (NCLAT) in Delhi against an orde ...

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Shareholder activism puts focus on governance in companies
06 Oct

With governance in sharp focus at India Inc, corporate boards and top management may find it tougher to push their agenda if not aligned with wider in ...

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S R B C LLP resigns as auditor of IL&FS
06 Oct

SRBC & Co LLP has resigned as the auditor of IL&FS Transportation Networks Limited (ITNL) following the audit review report of National Financ ...

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Services sector activity expands in September; employment rises for first time in 10 months
06 Oct

Activity in the country’s crucial services sector continued to expand in September, helped by the lifting of restrictions across the country but the p ...

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ICICI Bank 2nd in card spends, ahead of SBI
06 Oct

ICICI Bank has overtaken SBI in credit card spends in August taking the number two spot after HDFC Bank. According to RBI data, ICICI Bank had a marke ...

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Substantial increase in fuel prices on cards as crude crosses $82 a barrel
06 Oct

Petrol price on Tuesday was hiked by 25 paise a litre and diesel by 30 paise, sending retail rates to all-time high levels, with a "substantial" incre ...

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Chip shortage resulted in rise in demand and long waitlists for consumer durables
06 Oct

Call it the Great Indian Consumer Wait. Severe shortage of semiconductors and a swift rebound of demand in the global economy have resulted in long wa ...

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E-scooters' demand rises ahead of festivals
05 Oct

Festival demand may be lacklustre for petrol scooters and motorcycles but electric two wheelers are kicking in some top gear sales sentiment. Top elec ...

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Delhi HC sets aside insurer appointments by Bank Board Bureau
05 Oct

The Delhi high court has set aside appointments made by the Bank Board Bureau (BBB) in public sector general insurance companies stating that the same ...

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SEBI looks to split high networth investor in two categories
05 Oct

An an attempt to ensure mid-sized investors do not get pushed out of public offers by very large investors, markets regulator Sebi on Monday proposed ...

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Hero eyes insurance business in rural areas
05 Oct

The Munjal family’s Hero group plans to take insurance to the hinterland by leveraging the familiarity of its brand, which has been synonymous with tw ...

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RBI moves for IBC action against Srei due to its failure
05 Oct

The repeated failure of the Srei management to induct an investor for over a year as well as the findings of the RBI’s special audit has prompted the ...

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Byju’s valued at $18 bn in $300 mn fund-raise
05 Oct

Byju’s has raised yet another big funding— $300 million — that values the firm at $18 billion. In the last round of funding earlier this year, the edt ...

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RBI may absorb some surplus cash
04 Oct

The RBI is expected to follow a divergent strategy when it comes to interest rates, which are at a historic low and dealing with the Rs 10 lakh crore ...

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ET NOW Swadesh, Hindi business news channel, goes on air today
04 Oct

Strengthening the network’s footprint in the Indian language space, Times Network, India’s premium broadcast network, is set to mark its debut in the ...

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E-commerce norms to weigh all stakeholders’ interests
04 Oct

The government on Sunday indicated that it will not rush with the proposed consumer protection guidelines for e-commerce and will put together a frame ...

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ITC Hotels launches two new brands
04 Oct

Hospitality major ITC Hotels Group has announced two new brands — Mementos and Storii — to further increase its footprint in the country by adopting a ...

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LIC may file for mega IPO next month
04 Oct

LIC is likely to file draft papers with Sebi by November for the largest IPO in the country’s history, a finance ministry official has said.“We target ...

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GST deptt. questions banks for claiming tax credit on FD insurance premium
04 Oct

Top banks have landed in a tax tangle following the government's move to safeguard fixed deposits worth up to Rs 5 lakh of depositors.Earlier, banks u ...

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Amit Shah led panel of ministers to take final call on Air India sale
02 Oct

State-run carrier Air India could be headed back to its founder Tata group, which has outbid the other contender, a consortia comprising of SpiceJet p ...

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Zee rejects Invesco’s call to hold EGM to expel MD
02 Oct

Zee Entertainment Enterprises Ltd (ZEEL) on Friday rejected a demand from Invesco Ltd for a special shareholders’ meeting to oust its managing directo ...

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No fee refund for fraudulent loan applications: HDFC Bank
02 Oct

HDFC Bank has said that as a practice it levies processing fees on customers attempting to avail loans with discrepant or suspect documents. However, ...

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Oyo latest startup to file for IPO, eyes over Rs 8k cr
02 Oct

Ritesh Agarwal’s pioneering hotel aggregation venture, Oyo Hotels & Homes, has filed for an IPO to raise Rs 8,430 crore ($1.2 billion) in the Indi ...

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Factory activity expands at faster pace in Sept
02 Oct

Stronger demand conditions and easing of Covid-19 curbs helped activity in the country’s factory sector to maintain its growth momentum and added to t ...

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India's Sept merchandise exports rise 21.35%
02 Oct

India's merchandise exports soared 21.35 per cent to $33.44 billion in September 2021 compared to $27.56 billion in the same month last year due to ro ...

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NCLT tells Zee to take up EGM request of Invesco
01 Oct

The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday directed Zee Entertainment to consider positively the requisition for an extr ...

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Govt. may set Rs 15-20k cr as Air India’s minimum price
01 Oct

The government is likely to set Air India’s reserve price in the range of Rs 15,000-20,000 crore. Sources said in case the highest bidder’s financial ...

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Small savings rates remain unchanged for October-December
01 Oct

The government on Thursday left interest rates unchanged for small savings schemes such as public provident fund (PPF), national savings certificate a ...

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Ola Electric gets $200 million funding at $3 billion valuation
01 Oct

Tripling its valuation to $3 billion in two years, EV manufacturer Ola Electric on Thursday said it has raised over $200 million or nearly Rs 1,500 cr ...

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Core sector grows 11.6% in August on low base effect
01 Oct

The eight core sectors grew for the sixth consecutive month in August led by robust expansion in cement, electricity, coal and natural gas segments, d ...

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Elon Musk & Jeff Bezos set to offer satellite-based internet in India
01 Oct

Jeff Bezos and Elon Musk, the world’s two richest businessmen, are set to take on Airtel’s Sunil Mittal and Reliance Jio’s Mukesh Ambani in the high-s ...

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Piramal acquires DHFL for Rs 34000 cr
30 Oct

In the first insolvency resolution in the financial services space, Piramal Group has concluded payment of Rs 34,250 crore to take over Dewan Housing ...

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Invesco moves NCLT against Zee for failing to call an EGM
30 Oct

Invesco Developing Markets Fund along with OFI Global China Fund LLC, both foreign funds, on Wednesday approached the National Company Law Tribunal (N ...

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Insurance for exporters gets Rs 6000 cr support
30 Oct

The Cabinet on Wednesday allowed the listing of Export Credit Guarantee Corporation (ECGC), while clearing an investment of up to Rs 6,000 crore in th ...

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Sebi bans 2 at Wipro & Infosys for insider trading
30 Oct

Sebi has banned from the markets an employee of Infosys and another one from Wipro for insider trading in the derivatives contracts of Infosys around ...

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Govt. extends emergency credit scheme till March ’22
30 Oct

The government on Wednesday extended the validity of the Emergency Credit Line Guarantee Scheme (ECLGS) until March, the sixth such extension, while f ...

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Audi to restart SUVs’ local assembly
30 Oct

The ‘Q’ is set to return to India as German luxury carmaker Audi restarts local assembly of its SUV range after a gap of nearly two years. It looks to ...

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Sebi makes it easier to delist companies after acquiring over 75%
29 Oct

The board of markets regulator Sebi on Tuesday made it easier for an acquirer to delist a company after buying 75% or more in it and made the process ...

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Adani loses out to Gujarat Gas on city gas distribution network
29 Oct

The Supreme Court on Tuesday threw out Adani Gas Ltd’s challenge to the decision of the Petroleum and Natural Gas Regulatory Board (PNGRB) to award th ...

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Sebi okays e-gold receipt trades and silver Exchange traded funds
29 Oct

The board of markets regulator Sebi on Tuesday gave its nod to start a gold trading platform on which the yellow metal could be traded in electronic f ...

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Women representatives on boards up, but lags global average
29 Oct

Women representation on boards in India has increased by 5.9 percentage points over six years, from 11.4% in 2015 to 17.3% in 2021, according to a new ...

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Tatas’ super app called TataNeu
29 Oct

Tata Group chairman N Chandrasekaran gave a sneak peek of the ‘TataNeu’ super app to its senior leadership on Tuesday. While the commercial launch of ...

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82% CEOs are confident on growth and recovery
29 Oct

Most CEOs remain confident about growth prospects of their company. Although at 82%, as revealed by a recent KPMG survey of CEOs’ outlook, the number ...

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IL&FS Financial services to sell bad loans worth Rs 4k cr
28 Oct

IL&FS Financial Services, an arm of IL&FS, has put on the block Rs 4,297 crore of loans that have been classified as non-performing assets. Th ...

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Women workforce in cybersecurity jobs is extremely low
28 Oct

With cybercrime on the rise since the pandemic, the demand for cyber-related talent has gone up substantially. There has been a 25% increase in demand ...

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RBL Bank fined Rs 2cr for violating rules
28 Oct

The Reserve Bank of India (RBI) has imposed a Rs 2-crore penalty on RBL Bank for violating norms and opening five savings accounts in the name of a co ...

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Reliance may invest in Glance InMobi
28 Oct

Reliance Industries (RIL) is in talks to invest between $200 million and $250 million in InMobi’s lock screen content platform Glance, multiple people ...

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E-frauds from India reduced to half in Q1
28 Oct

Online fraud attempts originating from India almost halved in the first quarter of FY22 when compared with Q1FY21 even as they rose globally. Accordin ...

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Railways identifies 12 stations to achieve asset monetisation
28 Oct

The railways ministry has identified several asset classes and is working on various models to achieve the target of raising Rs 17,810 crore in FY22 u ...

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Zee’s 18% owner Invesco wants new board to review Sony merger
27 Oct

Invesco, the largest shareholder in Zee Entertainment Enterprises, is not against the company’s proposed merger with Sony Pictures Networks but wants ...

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US court halts suit, allowing Cairn to settle row with India
27 Oct

A New York court has paused Cairn Energy’s pursuit of US assets of Air India for the recovery of a $1.2-billion arbitral award, so as to allow the Bri ...

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Standing Instructions on card payments to be hit from next month
27 Oct

Some cardholders might see standing instructions for payment on their credit card fail from next month. These could be for subscriptions with online c ...

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India needs 4-5 more banks like SBI: FM
27 Oct

India needs more banks that can match the scale of its largest lender State Bank of India (SBI), Union finance minister Nirmala Sitharaman said on Sun ...

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Freshworks IPO gets more Indians to enter US markets
27 Oct

As the first Indian products company to list on the Nasdaq, software-as-a-service (SaaS) firm Freshworks saw Indian investors put over $600,000, or Rs ...

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Single window system to boost ‘ease of doing business’
27 Oct

The recently launched National Single Window System for investors and businesses will prove to be one of the biggest steps for ‘Ease of Doing Business ...

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Sensex touches unprecedented height of 60000
25 Oct

There’s no reason for investors in the stock market to feel fearful when the benchmarks are at record peaks, provided they’ve invested after due dilig ...

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Government lifts spending restrictions on higher tax collection
25 Oct

The finance ministry on Friday lifted spending curbs on several ministries as latest tax numbers showed healthy collections, which is seen as a sign o ...

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CCI imposes Rs 873-crore fine on UBL, Carlsberg for price fixing
25 Oct

The Competition Commission on Friday imposed penalties totalling over Rs 873 crore on United Breweries, Carlsberg India, All India Brewers' Associatio ...

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RBI allows banks to sell ‘fraud loans’ to ARCs
25 Oct

The Reserve Bank of India on Friday allowed loan exposures classified as fraud to be transferred to Asset Reconstruction Companies (ARCs). This comes ...

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Multiple returns as economy grows towards $5 trillion
25 Oct

In 2019, Prime Minister Narendra Modi said that he would turn India into a $5-trillion economy in about five years. That would make India one of the t ...

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SIP investors unaffected by Highs & lows of stock market
25 Oct

Retail investors continue to repose their faith in systematic investment plans for investing in the stock market. As a result, the monthly SIP inflows ...

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US Fed’s clarity on tapering takes sensex close to 60000
24 Oct

The statement from the chief of the US central bank that it would start scaling back its $120-billion-per-month bond-buying programme in November, but ...

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Income tax portal is in much better shape: Infosys
24 Oct

After coming under intense scrutiny for technical glitches in the income tax e-filing portal, Infosys has addressed some of the concerns. The company ...

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Paras Defence most bought IPO at 304 times
24 Oct

The Rs 171-crore IPO of Navi Mumbai-based Paras Defence & Space Technologies closed with an over-subscription of 304 times, making it the highest ...

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Domestic pharma market expands 18% in August
24 Oct

The domestic pharmaceutical market delivered a robust growth of nearly 18% in August, buoyed by sales of acute therapies. The acute medication grew ar ...

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Volkswagen lauches Taigun SUV to take on Creta & Seltos
24 Oct

German car major Volkswagen makes a fresh attempt to crack the highly-competitive Indian auto market as it drove in Taigun premium SUV, the first prod ...

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Use technology to improve tax compliance: FM
24 Oct

Finance minister Nirmala Sitharaman has asked tax officials to adopt technological tools and ensure that there is no high-handedness in their dealings ...

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Cabinet approval sought to monetisation of Ashok Hotel
22 Oct

The Tourism ministry will seek the cabinet’s approval for monetisation of the operation and management of the iconic Ashok Hotel in the capital in the ...

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Adani unveils $20bn greeen energy plan
22 Oct

Unveiling his infrastructure conglomerate’s green vision, billionaire Gautam Adani on Tuesday said his group will invest $20 billion over the next 10 ...

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HDFC home loans start at 6.7%
22 Oct

HDFC home loans start at 6.7%, tied to credit scoreHDFC has said that its home loans will start at 6.7% across all loan slabs and for all customers ha ...

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Ford India’s revenue falls drastically
22 Oct

With the announced closure of its automotive operations, Ford India’s revenue from operations will shrink to less than a fourth of its FY21 tally.Acco ...

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Govt weighs probe against Amazon
22 Oct

The government is examining the possibility of an investigation against Amazon, following allegations of bribery by some of its legal representatives. ...

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Government to exit Hyderabad & Bengaluru JV airports first
22 Oct

The Airports Authority of India (AAI) will soon start exiting the joint venture (JV) airports with the government deciding to divest its stake in them ...

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Cars24 raises $450 Mn from SoftBank, Tencent and others
21 Oct

Used car selling platform Cars24 has raised $450 million in equity and debt round from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubat ...

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Amazon will investigate all charges of corruption
21 Oct

Amid reports of Amazon probing bribery-related charges against some of its legal representatives in India, the US e-commerce giant on Monday said it t ...

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Amazon opens logistics hub in Bengaluru for faster delivery
21 Oct

Amazon India has launched a new delivery station in Bengaluru, that will enable the e-commerce major to expand its last-mile delivery network and ensu ...

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HDFC Bank ties up with Paytm to issue co-branded credit cards
21 Oct

HDFC Bank will work with Paytm to offer co-branded credit cards on the Visa platform to businesspersons, millennials and others, said the lender on Mo ...

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FM to kick-start exercise for Union Budget 2022-23 from October 12
21 Oct

The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an offic ...

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Companies to give 8.6% pay hike next year: Deloitte
21 Oct

Indian companies may give an average pay hike of 8.6% in 2022, after paying an 8% increment in 2021, a survey by consulting firm Deloitte showed.The s ...

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Advent to buy Eureka Forbes at valuation of Rs 4,400 crore
20 Oct

US private equity firm Advent International has agreed to buy Indian water purifier and vacuum cleaner maker Eureka Forbes, the firms said on Sunday, ...

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‘Buy now pay later’ loans to disrupt market
20 Oct

Buy now pay later or BNPL loans are set to disrupt the credit market, with technology making it easy for lenders to provide sachet-ticket loans, witho ...

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Health cover costs to rise for retired bankers
20 Oct

Retired public sector banks' staff will see their group mediclaim premium increase by as much as 40% following an increase in the claims ratio. The In ...

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Economy stabilises as industries open up
20 Oct

The Indian economy has weathered the impact of the second wave and it is now stabilising as industries have opened up and demand has not been hit, a s ...

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Import duty on cars 'outrageous': Mercedes-Benz
20 Oct

Calling the duty on imported cars "outrageous", Mercedes-Benz - the leader of luxury cars in India - has supported rival Tesla's demand that taxes sho ...

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Cloud customers want solutions, not infra: Google Cloud India MD
20 Oct

Cloud customers are no longer asking for servers and storage, they are looking for solutions to their problems, Bikram Singh Bedi, managing director o ...

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After SBI, PNB & BoB too reduce home loan rates
18 Oct

Soon after a rate cut by State Bank of India (SBI), other public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have also revised ...

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Migrants don’t want to go back to cities for work after pandemic
18 Oct

With the fully vaccinated share of the workforce expanding, organisations may call their employees back to offices while adopting new work models. How ...

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Bad bank will have maximum impact on BoI, Union Bank & PNB
18 Oct

The National Asset Reconstruction Company (NARCL) will have maximum impact on loan books of Bank of India (BoI), Union Bank and Punjab National Bank ( ...

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Investors are getting prepared for a great fall in China
18 Oct

International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted p ...

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World Bank discontinues "Ease of Doing Business' report on data irregularities
18 Oct

The World Bank has put on hold the publication of its Doing Business report as it conducts a “systematic review” and probes the data collection irregu ...

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TCS plans to resume return-to-office by December
18 Oct

TCS is planning to bring back employees to office towards this yearend or early next year. That’s assuming there’s no third wave of the pandemic.It pl ...

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Govt sets up NARCL to take over banks’ Rs 2L cr bad debt
17 Oct

The government on Thursday announced the setting up of the National Asset Reconstruction Company (NARCL), which will take over bad debt of nearly Rs 2 ...

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SBI cuts home loan rates, non-salaried to benefit too
17 Oct

State Bank of India (SBI) has cut interest rates on home loans above Rs 75 lakh by 45 basis points (100bps= 1 percentage point) and has also reduced i ...

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Airtel to conserve Rs 40k cr cash through moratorium on AGR payments
17 Oct

A day after the government announced a mega bailout package for the telecom industry, Bharti Airtel chief Sunil Mittal said the company will opt for t ...

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Byju's buys coding site Tynker for $200 mn to grow in US
17 Oct

Online education giant Byju’s is paying about $200 million to acquire the coding platform Tynker, people familiar with the matter said, as India’s mos ...

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Madras HC stays 2 clauses of IT rules, says they may rob media of independence
17 Oct

The Madras high court on Thursday stayed the operation of the oversight mechanism brought in through the new Information Technology Act Rules by the C ...

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Over 50 companies list Rs 6k cr AC, LED investment
17 Oct

Over 50 companies have applied for availing production-linked incentives (PLIs) for air conditioners and LEDs, proposing an investment of around Rs 6, ...

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Tata Sons denies management reorganisation plan
16 Oct

Tata Sons chairman N Chandrasekaran has said “no leadership structural changes are on the anvil” at the company and that “any such decisions, if relev ...

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MG Motors may buy closed Ford plants in India
16 Oct

American company Ford Motors had recently announced to stop the production of cars in India. After which thousands of people have faced employment cri ...

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Tata Sons, group led by SpiceJet chief bid for Air India
16 Oct

Tata Sons and a grouping led by SpiceJet chairman Ajay Singh placed financial offers for Air India on Wednesday, the last day to submit bids. Tata Son ...

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Govt clears Rs 120cr PLI for drones, parts
16 Oct

The government on Wednesday approved a production-linked incentive (PLI) scheme for drones and drone components. Union aviation minister said the sche ...

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TCS 2nd Indian company to hit $200bn market capitalisation after RIL
16 Oct

Tata Consultancy Services (TCS), the second-most valued company in India and the largest within the Tata Group, on Wednesday became the second domesti ...

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Sebi bars Poonawalla Fincorp MD for insider trading activity
16 Oct

Securities and Exchange Board of India (SEBI) on Wednesday barred Poonawalla Fincorp Managing Director Abhay Bhutada and seven other entities from the ...

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For the first time, Tatas may create a CEO position in Tata Sons
15 Oct

Tata Sons, which controls India’s biggest conglomerate Tata Group, may consider creating a CEO position for the first time in its 104-year history in ...

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Jhunjhunwala buys Rs 110cr Zee shares, stock up 40%
15 Oct

Billionaire investor Rakesh Jhunjhunwala bought 50 lakh Zee Entertainment Enterprises shares, translating into 0.5% of the company, for about Rs 110 c ...

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‘Bumper-to-bumper cover not mandatory’
15 Oct

The bumper-tobumper insurance for motor vehicles prescribed by the Madras high court for all vehicles for five years will not be made mandatory. The c ...

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Times Group’s virtual seminar series begins
15 Oct

With the Indian economy fast recovering from the clutches of the Covid-pandemic, the Times Group has come up with a ‘Back2Business’ seminar series alo ...

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WPI inflation rises to 11.4% in August on fuel prices
15 Oct

Wholesale inflation inched up marginally in August on the back of stubborn prices of fuel, power and light and manufactured product segments, highligh ...

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NSE investigates freak Future & Options trades
15 Oct

The NSE is looking into a series of freak trades that took place in its futures & options (F&O) segment in contracts on five of the most trade ...

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Committee of creditors’ resolution plan irrevocable: SC
14 Oct

In an important judgment in the insolvency and bankruptcy field, the Supreme Court on Monday ruled that a ‘resolution plan’ for stressed assets become ...

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2 directors of Zee quit ahead of today’s AGM
14 Oct

Two non-independent directors of Zee Entertainment Enterprises have resigned from the company ahead of its annual shareholder meeting on Tuesday.Manis ...

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Freshworks plans $912 mn IPO at nearly $9 bn valuation
14 Oct

Freshworks Inc. aims to raise nearly $1 billion through a public listing in the US at a valuation of almost $9 billion, which will make it the most va ...

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‘Will look into issues forcing tech companies to register abroad’
14 Oct

Union finance minister Nirmala Sitharaman said on Monday that she would look into the bottlenecks of the IT products sector that push Indian SaaS comp ...

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Ola Electric starts all-woman trend at factory
14 Oct

Women finally seem to be getting a fairer deal when it comes to the shopfloor. As Ola Electric announced an “all-woman” 10,000-strong workforce at its ...

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No a/c freeze till December for want of KYC: RBI
14 Oct

The Reserve Bank of India (RBI) on Monday reiterated that until December 2021, banks cannot freeze accounts if the customer has not done a periodic KY ...

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Govt plans to revamp LIC’s rules for sharing surplus
13 Oct

Ahead of its proposed mega initial public offer (IPO), the government is looking at ways to align Life Insurance Corporation of India’s (LIC’s) rules ...

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Zomato to stop grocery delivery over service ‘gaps’ in food delivery
13 Oct

Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment ...

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Efforts for FTA with UK, Australia gather pace
13 Oct

The government is stepping up its efforts to speed up free trade agreements (FTAs) with ministerial level consultations with Australia and the UK line ...

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Wipro leadership back in office now
13 Oct

Wipro is getting its senior leadership back to office from Monday, becoming the first IT company to publicly announce the return of some of its staff ...

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Power PSUs may be allowed to take bigger risk for green energy projects
13 Oct

The government is looking at allowing Central power companies to take a bigger financial risk for renewable energy projects. The power ministry is to ...

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As chip problems hamper auto companies, used cars take off
13 Oct

The used car market is enjoying a demand spillover, particularly for best-selling mass market models, as new car production continues to be affected b ...

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Govt to limit incentive plan for auto to green vehicles
11 Oct

Petrol and diesel vehicles will not be included in the ambitious production-linked incentive (PLI) scheme for automobiles as the government will restr ...

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Factory output grows 11.5% in July on low-base effect
11 Oct

Industrial production surged 11.5% in July mainly due to a low-base effect and good performance by manufacturing, mining and power sectors but the out ...

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Assemble here to cut cost: Ministery to Tesla
11 Oct

Tesla’s plan to import cars to India on duty concessions has hit a roadblock. The ministry of heavy industries, which sets the policy for the country’ ...

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IT companies struggle to get experienced workforce
11 Oct

The top four Indian IT firms – TCS, Infosys, HCL and Wipro – plan to hire more than 1 lakh freshers this fiscal. Cognizant said in July it planned to ...

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CIL’s supply to power sector increases 20% in September
11 Oct

New DelhiCoal India Ltd (CIL), India’s largest miner of the fuel, on Friday said it has stepped up supplies by 20% in September to thermal power proje ...

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Insurers asked to launch cyber risk cover soon
11 Oct

Citing rising risks of cyber-attacks, the insurance regulator has asked non-life companies to launch individual cover soon and widen the scope of thei ...

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Advent may close a Rs 5,000 crore deal to buy Eureka Forbes
10 Oct

American private equity firm Advent International is nearing a deal to acquire Eureka Forbes, India’s largest maker of water purifiers and vacuum clea ...

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Govt extends last date for filing ITR till December 31
10 Oct

The income tax department on Thursday extended the deadline for filing retur ns for the 2020-21 financial year due to the glitches in the new taxpayer ...

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Fabindia appoints five bankers to raise up to $1 bn via IPO
10 Oct

Ethnic wear retailer Fabindia Overseas is gearing up for its initial stake sale as it has hired five investment banks to raise up to $1 billion throug ...

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SC stalls HC proceedings in Future Retail-Reliance deal
10 Oct

The Supreme Court on Thursday struck a balance between the interests of Amazon and Reliance Industries (RIL), engaged in a high stakes litigation from ...

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13 more airports to be privatised
10 Oct

Days after the government announced its ambitious asset monetisation plan, the Airports Authority of India (AAI) on Thursday approved the privatisatio ...

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Kotak Bank cuts home loan rate to 6.5%
10 Oct

Kotak Mahindra Bank, one of the leading private sector lenders in India, on Thursday said it would cut the interest rate on home loans from 6.65% to 6 ...

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Mutual fund investors turn cautious in August, shift to hybrid funds
09 Oct

Mutual fund (MF) investors seem to be getting a bit nervous after leading equity indices hit life-highs on a regular basis in the past few weeks. Tryi ...

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Job market expands in August too, hits pre-Covid level
09 Oct

More businesses resuming operations and preparation for the festive season led to continued upswing of the white collar job market in August, which ha ...

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After 4 yrs, UCO Bank out of corrective action
09 Oct

The RBI on Wednesday removed UCO Bank from its prompt corrective action (PCA) framework following improvement in various parameters and a written comm ...

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Print highly trusted by readers, effective platform for marketers
09 Oct

The print medium continues to be a highly trusted source of information for most consumers and hence also an effective platform for brands and markete ...

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Canada Pension Board to sell 2% stake in SBI Life
09 Oct

The Canada Pension Plan Investment Board (CPPIB) will sell a 2 per cent stake in SBI Life Insurance Company. The shares will be offered through the st ...

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Banks move against personal guarantors to recover dues of Corporate Debtor
09 Oct

Banks have taken the initiative to implement personal insolvency against defaulting promoters buoyed by the Supreme Court’s endorsement of the law in ...

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Cabinet to discuss bailout package for telecom today
08 Oct

The telecom sector, especially Vodafone Idea, is likely to get relief from the government — possibly as early as Wednesday — with anticipation of a pa ...

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Now get your shares next day, not after 2 days
08 Oct

You may not have to wait for two days to see your trades reflect in your account. Come 2022, the trading (buying or selling) will show up in your dema ...

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Generic tax notices: ITAT quashes Rs 57 lakh fine on Preity Zinta
08 Oct

An omnibus (non-specific) notice served by the income tax (I-T) department on actress and film producer Preity Zinta for alleged “concealment of incom ...

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No need to enter your full card details on e-tail sites
08 Oct

Customers will not have to input their credit card details on e-commerce sites they frequent even after the RBI rule barring storage of card data by m ...

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Financial bids for Air India by September 15
08 Oct

Air India divestment has entered its final, and most crucial, phase with qualified bidders expected to put in financial bids by September 15. The Tata ...

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Insolvency resolution pace slows by 45% in Q1
08 Oct

The pandemic and a shortage of members in the National Company Law Tribunal (NCLT) has slowed insolvency resolution by over 45% with cases taking near ...

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India’s mcap up over 2 times in 18 months, races past $3.5 trillion
07 Oct

The strong bull rally that had started in late March 2020, when global investors’ fear about the pandemic was at its peak, has taken India’s market ca ...

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HDFC Life to cap policies, channels’ share in sales
07 Oct

As part of its strategy to grow consistently, HDFC Life Insurance has decided to keep a cap on the share of products and distribution channels. Accord ...

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Axis Bank diversity charter to empower staff, clients
07 Oct

Axis Bank has taken several HR measures to bring equality to employees and customers from the LGBTQIA+ community as part of its strategy to promote di ...

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NCLT members’ absence may affect IBC reform
07 Oct

For the last few years, the Narendra Modi government has pointed to the Insolvency & Bankruptcy Code (IBC) as a key structural reform initiated by ...

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Black money proceedings: Wealth order saves Yash
07 Oct

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, as Yash Birla was earlier not held liable for wealth tax on funds with Gu ...

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Sebi bans 85 entities from capital markets for fraudulent trading
07 Oct

Sebi on Monday barred total 85 entities, including Sunrise Asian Ltd, from the capital markets for up to one year for manipulating the company's share ...

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33 companies set to make cut for Rs 12000 crore telecom incentives
06 Oct

The government has shortlisted 33 companies that would be awarded benefits under the Rs 12,195-crore production-linked-incentive (PLI) scheme for tele ...

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Queries for overseas study loans are increasing
06 Oct

As colleges and universities reopen globally and governments ease travel restrictions, students are resuming plans for overseas study, resulting in a ...

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Private companies can’t be used as benchmark to value LIC
06 Oct

Valuations of listed private life insurers cannot be a basis for the valuation of LIC, according to former Irdai member Nilesh Sathe.With the governme ...

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Reliance Retail set to launch saree, ethnic wear stores
06 Oct

Reliance Retail is set to launch a chain of stores under the brand name of Avantra to take on Tata Group’s Tanishq and Aditya Birla Fashion Retail (AB ...

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Forms for exemption from IT returns for senior citizens notified
06 Oct

The Income Tax Department has notified declaration forms that senior citizens aged 75 years and above need to file with the banks to get exemption fro ...

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Services sector expands at fastest pace in 18 months
04 Oct

Activity in the country’s crucial services sector rebounded in August and expanded at its fastest pace in 18 months as the pandemic receded, vaccine a ...

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Fast growing crypto business creates 10,000 jobs
04 Oct

There are more than 10,000 active job openings currently in the cryptocurrency segment in India, according to data obtained from specialist staffing f ...

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European firms expand technical presence in India
04 Oct

The pace at which European companies are establishing and expanding technology centres in India is accelerating, driven by the need for traditional fi ...

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HDFC Life acquires Exide’s insurance arm for Rs 6,687 crore
04 Oct

HDFC Life has agreed to buy Exide Life Insurance for Rs 6,687 crore, of which Rs 726 crore would be paid in cash. The rest would be paid by issuing 8. ...

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Maruti to recall over 1.8 lakh cars to inspect possible defects
04 Oct

India's largest car maker Maruti Suzuki on Friday announced its decision to recall some variants of its cars in order to inspect and rectify possible ...

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Mukesh Ambani promises a 'Jio' for energy transition
04 Oct

Reliance Industries Ltd chairman Mukesh Ambani on Friday unveiled his plan to do a 'Jio' in energy transition by producing green hydrogen for under $1 ...

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Apple may face CCI probe over in-app payment issue
03 Oct

There could be regulatory trouble for Apple in India over its dominant position in the apps market, with fair-trade watchdog Competition Commission of ...

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Tatas buy out Actis stake in Mumbai building owner
03 Oct

Tata Sons has bought out the stake held by financial investor Actis in Tril IT4, the owner of an 8-lakh-sqft commercial building in Mumbai. Actis’s 26 ...

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Rupee regains 72 level on bond issues, inflows
03 Oct

The rupee strengthened on Thursday to regain 72 levels intraday and touch the session’s high of 72.96 before closing at 73.07 — two paise higher than ...

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Exports grow 45% in August, trade deficit at 4-month high
03 Oct

Although exports are nearly $2 billion lower than July, when it hit a monthly record of $35.4 billion, August’s level is line with the asking rate req ...

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India’s startup ecosystem ranks 3rd
03 Oct

The Alliance of Digital India Foundation plans to rank India’s startup ecosystem among the Top 3 globally by 2030, with a focus on finding the right p ...

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Punjab National Bank Housing deal: Sebi moves SC
03 Oct

PNB Housing has informed the stock exchanges that markets regulator Sebi has approached the Supreme Court against a split order by the Securities Appe ...

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Semiconductor shortages makes car industry nervous ahead of festivals
02 Oct

The semiconductor shortage has come to haunt the Indian car industry ahead of the festive season as companies report subdued, and even lower deliverie ...

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Diesel sales see sharpest monthy fall since May
02 Oct

India’s August diesel sales recorded the sharpest monthly fall since May as the monsoon hit demands from the farm, trucking and construction sectors, ...

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Young first-time borrowers fire up personal loan market in India
02 Oct

Young adults, below 25 years of age, availing short-term low-value credit, are driving personal loans, which have grown 2.3 times by value and 3.8 tim ...

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Madras HC puts off 5-year motor insurance order till September 13
02 Oct

The Madras high court has kept its order on compulsory five-year bumper-to-bumper insurance for new vehicles with effect from September 1, 2021 in abe ...

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Manufacturing activity expands at slower pace as costs hurt
02 Oct

Activity in the country’s manufacturing sector expanded but at a slower pace in August as pandemic and rising input costs hurt, prompting firms to pau ...

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SBI raises Rs 4,000 crore from AT1 bonds
02 Oct

The State Bank of India (SBI) has raised Rs 4,000 crore of additional tier-1 (AT1) bonds, offering a coupon rate of 7.72%. This comes close on the hee ...

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NCLT orders freeze on accounts, assets of Videocon group
01 Oct

The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday ordered the Videocon group’s bank accounts frozen and properties attached foll ...

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Shoppers Stop sells Crossword Book Stores to franchisee
01 Oct

Shoppers Stop that operates a chain of department stores across India has sold its subsidiary Crossword Book Stores to the owners of its Pune-based fr ...

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Tatas against any cut in EV import duty for Tesla
01 Oct

The Tata Group, which leads the electric car market in India, has opposed a cut in import duty on electric cars — as demanded by Elon Musk and his com ...

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LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021
01 Oct

Life Insurance Corporation of India has said that its asset base has crossed Rs 38 lakh crore with total investments of Rs 36,76,170 crore and a life ...

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PayU buys payments co BillDesk for $4.7 billion
01 Oct

In a deal that will make PayU the biggest online payments processor in India, its parent Prosus will acquire BillDesk for $4.7 billion (close to Rs 35 ...

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GDP growth in Q1 records 20.1% recovery on low base
01 Oct

Economic growth soared to a record high in the April-June quarter due to a low base and a rebound in manufacturing and construction, as well as robust ...

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Chinese investment flows via hybrid route under lens
31 Oct

The government is reviewing the norms for use of some of the hybrid instruments for overseas investors after it came across instances of some Chinese ...

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Ola joins IPO rush, may raise up to $2bn
31 Oct

The list of startups approaching the capital markets for fund-raise is getting longer as the markets scale new peaks and investor appetite remains hig ...

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Airtel complains about govt levies, to hike tariffs
31 Oct

Complaining that 35% of a telco’s revenues end up with the government as levies, Airtel chief Sunil Mittal said the company has “run out of patience” ...

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iPad not PC, can’t be depreciated at 60% rate: ITAT
31 Oct

To you, your trusted iPad may be a handy computer. After all, in this work-from-home era, you use it to attend video-call meetings or even to draft a ...

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Q1 GDP growth seen at new high on recovery
31 Oct

The April-June GDP growth could turn out to be a record quarterly expansion as the economy recovers from the second wave of the pandemic and benefits ...

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Rs 1,975 crore collected via E-challans since Sept'19 for violations of traffic rules
31 Oct

Eighteen states and UTs have collected approximately Rs 1,975 crore fines through e-challans for violations of traffic rules since September 2019 when ...

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After Jio, Google now in talks to make large investments in Airtel
28 Oct

After its more than Rs 34,000 crore investment in Mukesh Ambani’s Reliance Jio Platforms, American internet giant Alphabet Inc’s Google could well be ...

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Indian Market Helping Us Improve Retail Globally: Walmart
28 Oct

Judith McKenna said learnings from the Indian operations have helped Walmart make improvements in its existing businesses as well as given it new busi ...

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RBI's digital currency likely to be launched by december
28 Oct

Reserve Bank of India (RBI) governor Shaktikanta Das recently revealed that the central bank could launch its digital currency as early as December th ...

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Government reviews consumer protection rules for e-commerce
28 Oct

The government has begun work on a “India-specific model” for the likes of Amazon and Flipkart to collaborate effectively with mom-and-pop stores. The ...

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Madras high court’s 5-yr motor cover order to hike car costs
28 Oct

The Madras high court verdict making 5-year ‘bumper-to-bumper’ motor insurance mandatory will increase the cost of vehicle acquisition by 8-10% of its ...

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China targets US IPOs, use of cloud, algorithms
28 Oct

China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the US, seeking to tighten up regulation ...

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Government prepares plan to hive off surplus land of PSUs
27 Oct

After unveiling the Rs 6-lakh-crore asset monetisation programme, the government has accelerated efforts to hive off surplus land and will soon seek C ...

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Make in India not followed in spirit: cabinet secretary
27 Oct

Cabinet secretary Rajiv Gauba has written to secretaries of various ministries, expressing dissatisfaction over the quantum of local sourcing and proc ...

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Barclays infuses Rs 3,000 crore in India to expand business
27 Oct

Barclays Bank has infused Rs 3,000-crore capital to expand its India operations. This is the single largest infusion made since inception — the last l ...

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Chinese tech stocks fall again after 3-day rally
27 Oct

Chinese technology shares fell sharply, snapping a three-day rally as earnings from a number of firms missed investor targets.The Hang Seng Tech Index ...

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Home loan transfers up 42% in January-June over prior 6 months
27 Oct

There has been a 42% rise in borrowers engaging in home loan balance transfers in the first half of the calendar 2021 as compared to the preceding six ...

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Mobile exports grew 250% year on year in April-June
27 Oct

Despite the impact of the second wave, mobile phone exports recorded a 250% year-on-year (Y-o-Y) growth in the April-June period.Mobile phones export ...

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FM to banks: Start credit outreach scheme from Oct
26 Oct

Finance minister Nirmala Sitharaman has asked bankers to begin a credit outreach programme from October. They have also been asked to meet industry as ...

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India startup funds top China in July after 8 years
26 Oct

Global venture capitalists and private equity investors are allocating more funds to India as China steps up regulatory clampdown on its tech companie ...

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Delhivery buys B2B company Spoton for Rs 1,600 crore
26 Oct

E-commerce logistics company Delhivery has taken over Spoton Logistics, by buying out stakes held by Samara Capital and Xponentia Capital, in a cash d ...

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LIC cuts fees for revival of lapsed policy
26 Oct

The Life Insurance Corporation (LIC) of India has launched a lapsed policy revival campaign. This allows customers to revive their policy with a conce ...

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Tata Sons FY21 profit up over 2 times on TCS buyback
26 Oct

Tata Sons profit more than doubled in fiscal 2021 on the back of gains made from participating in the share buyback programme of TCS. Profit zoomed 14 ...

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Ex-director of Microsoft arm gets 2 years in jail
26 Oct

Former Microsoft Ventures director and angel investor Mukund Mohan was sentenced to two years in prison in the US for perpetrating a scheme to fraudul ...

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Capacity utilisation at domestic refineries continues to rise in July
25 Oct

Capacity utilisation at domestic refineries rose to 91% in July compared to 83% a year earlier as fuel demand returned after lockdown restrictions wer ...

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Sending legal notice does not amount to abetting suicide: Delhi HC
25 Oct

Sending a legal notice and filing a criminal complaint does not amount to offence of abetment to suicide in spite of the presence of a suicide note, D ...

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Govt may permit foreign direct investment in LIC ahead of mega IPO
25 Oct

The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) to enable overseas investors to bu ...

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Nirmala Sitharaman asks India corporates to look beyond banks for finance
25 Oct

Finance minister Nirmala Sitharaman told India Inc on Tuesday that there is a move to enable the industry to meet its funding needs from markets rathe ...

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Infosys becomes fourth Indian firm to touch $100 billion market cap
25 Oct

Infosys has joined the elite club of Indian companies with $100 billion or more in market capitalisation. The only others are Reliance Industries, TCS ...

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Will Infosys be able to resolve tax portal glitches by September 15?
25 Oct

With the return filing deadline looming, will Infosys, the technology vendor for the income tax portal, be able to meet the September 15 deadline fixe ...

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Finance minister unveils Rs 6 lakh crore national asset monetisation plan
24 Oct

Finance minister Nirmala Sitharaman on Monday launched a four-year road map for a Rs 6-lakh-crore asset monetisation plan. A large chunk of this will ...

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Maruti fined Rs 200 crore by CCI on discount restriction
24 Oct

Fair play watchdog Competition Commission of India (CCI) has imposed a Rs 200-crore penalty on top car maker Maruti Suzuki for centrally controlling a ...

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HDFC Bank will issue 3 lakh cards a month, regain lost ground
24 Oct

HDFC Bank on Monday unveiled its plans to regain the market share it lost in credit cards during an eight-month ban on new issues. The bank said that ...

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Vacancies in cloud technology up 40% on high demand
24 Oct

Driven by the pandemic, 2020 saw immense growth in demand for cloud roles globally. India recorded a total of 380,000 job postings for cloud roles, a ...

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E-tailers can’t store your card data: RBI
24 Oct

One-click purchases at e-commerce sites may no longer be available to digital shoppers with the Reserve Bank of India (RBI) putting its foot down on c ...

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Fix tax portal glitches by September 15: FM to Infosys
24 Oct

Finance minister Nirmala Sitharaman on Monday asked Infosys, the technology vendor for the faulty income tax portal, to fix all glitches by September ...

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Government against merging ailing Vodafone Idea with BSNL-MTNL
23 Oct

The government is against the merger of beleaguered Vodafone Idea with state-owned BSNL and MTNL, multiple sources have told TOI.The stand comes weeks ...

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ITAT upholds tax treaty relief on delayed Tax Residency Certificate
23 Oct

A recent decision of the Mumbai bench of Income Tax Appellate Tribunal (ITAT) will be of immense help to nonresidents, such as globally mobile employe ...

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HDFC Bank, Paytm team up for digital payments
23 Oct

Two of the largest players in India’s payment ecosystem — HDFC Bank and Paytm — have come together to share their networks and jointly offer payment s ...

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IBA seeks licence to set up Rs 6,000-cr bad bank, RBI nod soon
23 Oct

The Indian Banks' Association (IBA) has moved an application to the Reserve Bank of India (RBI) seeking licence to set up a Rs 6,000-crore National As ...

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New DFI management to take a call on IIFCL merger
23 Oct

The government has decided to leave it on the new management of the development financial institution (DFI) to decide on a merger of India Infrastruct ...

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Tax portal still not working, FM summons Infosys CEO today
23 Oct

With the new income tax portal continuing to face glitches and remaining unavailable for the last two days, the Finance Ministry has summoned Infosys ...

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Taxes on fuel trigger worry RBI for likely inflation
21 Oct

The government's move to pass on increases in global crude oil price to consumers, but prevent corrections through higher taxes, has raised concerns o ...

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Many Indian companies slip in global valuation ranking
21 Oct

Reliance Industries has emerged as the most valued Indian company in a global list of top-500 non-State run companies, but saw its ranking slipping by ...

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Jewellers plan token stir against Hallmarking
21 Oct

Jewellers have decided to go on a nationwide token strike on Monday, August 23, 2021 to protest against what they called the ‘arbitrarily implemented ...

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Venture capital funding: Startups raise $17 billion
21 Oct

Indian startups got $16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, Global-D ...

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Draft rules for e-tail spoil Tata, Adani’s super app plans
21 Oct

Indian conglomerates will find their e-commerce play significantly impacted, especially their development of apps, if the draft consumer rules that pr ...

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Microsoft acquires $5 million stake in Oyo, values company at $9 billion
21 Oct

US tech giant Microsoft has acquired a strategic stake in homegrown hotel chain Oyo for $5 million, valuing the startup at around $9 billion before it ...

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Jet employees move NCLAT, say worried about dues, jobs
20 Oct

Jet Airways staffers have moved the National Company Law Appellate Tribunal (NCLAT) challenging certain aspects of the Kalrock-Jalan consortium’s reso ...

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HDFC Bank raises $1 bn via AT-1 bonds at 3.7%
20 Oct

HDFC Bank has mobilised $1 billion (over Rs 7,400 crore) through an additional tier-I (AT-1) perpetual bond issue at a coupon rate substantially lower ...

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Government plans relief for defaulting exporters
20 Oct

The commerce department on Thursday promised to resolve several concerns of exporters — from relief for defaulters under some of the schemes to rising ...

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Cars24 set to raise $350 million at nearly $1.8 billion valuation
20 Oct

Cars24, an online marketplace for pre-owned cars, is set to close in on a $350-million funding round that would value the company at around $1.8 billi ...

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Birla Sun Life cuts term rates as vaccinations rise
20 Oct

Going against the trend, Birla Sun Life Insurance (BSLI) has decided to reduce its pricing on term policies. At a time when insurers are wary of large ...

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PC market expands 50% YoY in April-June
20 Oct

The Covid second wave and the resulting indefinite closure of educational institutions has led to an increase in shipments of desktops, laptops and ta ...

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New Taliban regime casts shadow on India business in Afghanistan
19 Oct

Taliban seizing control in Afghanistan presents a fresh challenge to Indian companies inking new business deals in the strife-torn nation.Though compa ...

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With $19.2 billion, DMart owner breaks into world top 100
19 Oct

Radhakishan Damani, the main promoter of organised retail chain DMart, is now among the top 100 richest people in the world. With a net worth of $19.2 ...

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Jan Dhan: Women save more than men
19 Oct

Average balances maintained by women in Jan Dhan Yojana accounts are 30% more than men, according to an industry report.The study, published by Women’ ...

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Industry seeks review of tax refund scheme
19 Oct

The tax refund scheme for exporters that has ignored strategic sectors like pharmaceuticals, chemicals and iron & steel has raised concerns, with ...

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Voda Idea falls Rs 150 crore short on payment of licence fee
19 Oct

As it fights a desperate survival battle amidst heavy losses and mounting debt, Vodafone Idea has failed to pay the full licence fee to the government ...

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US blocks Taliban access to Afghan central bank assets
19 Oct

The Biden administration has blocked access to Afghan central bank assets in the US to ensure that they are not available to the Taliban, an administr ...

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HDFC Bank can issue credit cards as RBI eases restrictions
18 Oct

The Reserve Bank of India (RBI) has allowed HDFC Bank to issue credit cards to new customers in a partial rollback of the restrictions imposed by the ...

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India asks US court to reject Cairn Energy’s $1.2-bn suit
18 Oct

The Indian government has asked a federal court in Washington to dismiss Britain’s Cairn Energy suit seeking enforcement of a $1.2-billion arbitral aw ...

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Financial inclusion grew 24% across FY17-21: RBI
18 Oct

The Reserve Bank of India (RBI) has said that there was a 24% improvement in financial inclusion (FI) as measured by RBI’s FI-Index between March 2017 ...

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2021 may turn out to be India's year of IPO: RBI
18 Oct

The year 2021 could turn out to be India's year of IPO with the domestic unicorns through their public issues setting "domestic stock markets on fire ...

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I-T deptt. raids at Chinese telecom vendor ZTE over tax evasion.
18 Oct

The Income Tax (I-T) department has raided the offices of Chinese government-controlled telecom vendor ZTE in India, and is questioning the CEO of the ...

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VPN use in India grows over 600% in first half of 2021
18 Oct

Increased instances of internet shutdowns, rise in demand for streaming geo-blocked entertainment content, and business use cases for remote work led ...

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Diesel sales fall 15% from July in August fortnight but annual growth continues
17 Oct

India’s fuel consumption fell in the first fortnight of August from a month ago as the rush of demand after lifting of a second round of Covid-19 curb ...

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E-tail may beat modern trade by FY26
17 Oct

Covid has led to a 12-month acceleration of e-retail penetration in India and could lead to the segment outgrowing modern trade by FY26.For the year e ...

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In sudden step, Sebi bans futures contracts in chana
17 Oct

Markets regulator Sebi late on Monday asked leading agro commodities trading bourse NCDEX to not launch any futures contracts on chana (gram/chickpea) ...

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SBI cuts interest rates on retail loans, waives fees
17 Oct

State Bank of India (SBI) has cut interest rates on gold and auto loans by 75 and 25 basis points (100bps = 1 percentage point) respectively. The redu ...

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Government readies crypto bill, works on listing tax issue
17 Oct

Finance minister Nirmala Sitharaman on Monday said that the government was working to sort out the tax issues for overseas listing of Indian companies ...

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Finance minister blames UPA’s oil bonds for rising fuel prices
17 Oct

Accusing the UPA of “trickery”, finance minister Nirmala Sitharaman on Monday said the Modi government was paying for the Rs 2.5 lakh crore liability ...

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Bombay HC stays some provisions of new IT rules
16 Oct

In an interim order, the Bombay high court on Saturday stayed some provisions of the government’s new Information Technology rules that pertain to t ...

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Villagers protest against encroachment of farmers’ land by solar company
16 Oct

Villagers at Uttamnagar Lal Karada gram panchayat here staged a protest outside the collectorate on Saturday against a renewable power company alleg ...

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Advise private employers to give 5% quota in jobs to disabled: Labour & employment secretary
16 Oct

The state’s labour and employment secretary Neeraj K Pawan has written to RSLDC, labour commissioner, directorate of technical education, director ES ...

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Judges will receive green, orange and red indicators depending on the number of adjournments given in a case
16 Oct

As part of “ease of doing business” reforms in the justice delivery system, for the first time judges will receive green, orange and red indicators ...

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India Inc must invest in startups to help retain local talents: Piyush Goyal
16 Oct

Commerce and industry minister Piyush goyal on Saturday suggested that Indian companies could make early stage investment in home-grown sta ...

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Amid Covid-19 pandemic, demand for e-learning on government portal increase
16 Oct

With over one crore enrolments in less than two years, the government’s online platform Swayam has seen a massive jump in demand as colleges were forc ...

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Due to covid, SpiceJet's net loss widens to Rs 729 cr in Q1
14 Oct

SpiceJet reported a standalone net loss of Rs 729 crore for the June quarter as the operations were significantly hit due to the continued impact of C ...

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Adi Godrej is stepping down from the board of Godrej Industries
14 Oct

Adi Godrej is stepping down from the board of Godrej Industries — both as chairman and director — which makes it the last of the listed firms of the R ...

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Lenders’ decisions questioned in Videocon and Siva industries case
14 Oct

A series of judgments in the Supreme Court has established the unbridled power of the committee of creditors (CoC) in insolvency cases. However, the C ...

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Central Board of RBI reviews current economic situation
14 Oct

The Central Board of RBI on Friday reviewed the current economic situation and the recent policy measures taken by the Reserve Bank to mitigate the ad ...

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Domestic flyers hit 50 lakh in July, up 61% from June 2021
14 Oct

With the deadly Covid’s second wave subsiding, India saw 50.1 lakh people fly within the country this July — up 61% from 31.1 lakh in the previous mon ...

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Eruditus raises $650 million from Accel and SoftBank
14 Oct

Eruditus has raised $650 million in a new funding round led by venture capital firm Accel US and Japan’s SoftBank Vision Fund II, according to a top e ...

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Government will do ‘everything’ to revive growth:FM
13 Oct

The government is committed to doing everything that is required to revive the economy, finance minister Nirmala Sitharaman said on Thursday as she as ...

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NCLT orders liquidation of Siva Industries
13 Oct

The National Company Law Tribunal (NCLT), Chennai, has rejected a one-time settlement offer made by the erstwhile promoters of Siva Industries and Hol ...

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NCLT orders liquidation of Siva Industries
13 Oct

The National Company Law Tribunal (NCLT), Chennai, has rejected a one-time settlement offer made by the erstwhile promoters of Siva Industries and Hol ...

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Retail inflation at 3-month low in July, June factory output up 13.6%
13 Oct

Retail inflation eased to a three-month low in July on the back of moderating food prices pushing it a shade below the upper band of the Reserve Bank ...

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Akasa ahoy: Boeing 737 Max may be allowed to fly again in India soon
13 Oct

India is likely to allow the grounded-since-March-2019 Boeing 737 Max to fly again within the country in coming weeks.Billionaire investor Rakesh Jhun ...

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FMCG market in India expands 37% in April-June quarter
13 Oct

The fast moving consumer goods (FMCG) market in India grew 36.9 per cent year-on-year in the April-June quarter despite lockdowns in various parts of ...

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Zee Entertainment insider trading: Sebi bars 15 entities
13 Oct

The Securities and Exchange Board of India (Sebi) on Thursday barred 15 entities, including individuals, from the capital markets for indulging in ins ...

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Reforms a conviction, not compulsion: PM Modi
12 Oct

Prime Minister Narendra Modi said on Wednesday that his government was able to undertake difficult reforms because it is acting out of conviction rath ...

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ATM companies are cautious of RBI’s Rs 10,000 cash-out fine
12 Oct

There is a mixed reaction to the move by the Reserve Bank of India (RBI) to penalise banks Rs 10,000 for each instance of an ATM being out of cash for ...

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Revenue secretary commits stable tax regime
12 Oct

Raising the rates of taxes to increase the tax-GDP ratio may not be the answer, a top finance ministry official said on Wednesday and assured industry ...

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Govt. to complete Air India, Bharat Petroleum disinvestment in 2021-22
12 Oct

Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.The gove ...

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PwC India to invest Rs 1,600 cr, create 10,000 additional jobs over 5 years
12 Oct

Global consultancy firm PwC India on Wednesday said it will invest up to Rs 1,600 crore and create additional 10,000 jobs in the next five years.Annou ...

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Yes Bank seeks partners for asset recast company
12 Oct

Yes Bank has invited bids from potential partners for a proposed asset reconstruction company that will undertake recovery of bad loans. Management co ...

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Blockbuster week with Rs 14k crore mop-up in 4 iPO's
11 Oct

The IPO frenzy on Dalal Street continued with four offers together this week trying to mobilise about Rs 14,600 crore, making it one of the bus ...

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Reliance eyes T-Mobile Netherlands company
11 Oct

Reliance Industries is weighing a bid for Deutsche Telekom’s subsidiary T-Mobile Netherlands, according to people familiar with the mat ...

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Zomato loss rises by 260% to 360crore in Q1
11 Oct

Zomato’s consolidated loss widened to Rs 360 crore in the first quarter ended June, from Rs 100 crore a year earlier, as expenses rose. That’s a rise ...

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Visible signs of economy's revival as per finance minister
11 Oct

There are visible signs of economic rejuvenation since the second half of May, with the second wave of the pandemic abating in most parts of the count ...

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Piyush Goyal agrees that big e-retailers' influence small players
11 Oct

Commerce and industry minister Piyush Goyal on Tuesday slammed large e-commerce companies and flagged the influence they wield over small players in I ...

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Construction equipment sector sees top gear domestic sales
11 Oct

The pandemic year has turned out to be a top gear one for the construction equipment segment which is riding on the government infra spend to see a mo ...

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Amazon, Cloudtail to end partnership
10 Oct

Cloudtail India, a top seller on Amazon’s marketplace, is going to stop operations from May 2022. This follows Amazon and NR Narayana Murthy-owned Cat ...

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Hero MotoCorp plans big on EVs, risking investment at any cost
10 Oct

Pawan Munjal, chairman of Hero MotoCorp, has said the company is ready to shed its ‘old guard’ stance and play the startup game — including getting in ...

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After 5G, Tatas gear up for chip manufacturing
10 Oct

Days after it announced its entry into production of 5G network equipment, the Tata Group is gearing up for a play in semiconductor manufacturing. The ...

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Flipkart case: Indemnity clause may shield Walmart
10 Oct

Flipkart founders, Sachin and Binny Bansal, along with some of the investors may have to bear the burden for alleged violation of FEMA by the e-commer ...

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You can soon buy Google, Apple shares on NSE IFSC
10 Oct

Indian investors will soon be able to buy and sell shares of Google, Amazon, Microsoft and other US-listed companies through NSE’s GIFT City arm in th ...

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SC upholds CCI probe into Amazon, Flipkart
10 Oct

The Supreme Court on Monday green-lighted the investigation ordered by the Competition Commission of India (CCI) into alleged anti-competition agreeme ...

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Merger helps Bank of Baroda step up retail loans: CEO
09 Oct

The merger of Vijaya Bank has given Bank of Baroda a lead in retail lending, particularly loans against jewellery, which rose 35% to be one of the fas ...

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Tech Mahindra to cut dependence on Indian talent base
09 Oct

Tech Mahindra is looking to ramp up hiring in its delivery centres across eastern Europe and Latin America over the next few years to diversify its ta ...

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Kirloskar Electric chief moves Sebi against two nephews
09 Oct

The dispute in the Kirloskar family has reached Sebi’s doors. Vijay Kirloskar, chairman, Kirloskar Electric, has written to Sebi chairman after one of ...

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B2B e-commerce co Udaan may raise debt funding
09 Oct

Business-to-business (B2B) e-commerce startup Udaan may look at new ways to raise capital, including debt funding from global institutional investors, ...

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Godrej & Boyce’s digital push to boost consumer-focus drive
09 Oct

The privately held Rs 11,500-crore Godrej & Boyce Manufacturing Company (G&B), which has partnered in India’s space missions, has undertaken a ...

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Sebi amends rules to empower independent directors
09 Oct

Capital markets regulator Sebi has overhauled the rules pertaining to the appointment, removal and remuneration of independent directors to ensure the ...

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SC upholds Singapore order against Reliance-Future Retail deal
07 Oct

The Supreme Court on Friday said Singapore’s Emergency Arbitrator (EA) award, restraining Future Retail from going ahead with its merger deal with Rel ...

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RBI raises inflation forecast but holds rates
07 Oct

Reserve Bank of India (RBI) governor Shaktikanta Das demonstrated that the central bank is prepared to do whatever it takes to nurture the `nascent an ...

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Sebi looks to do away with promoter concept
07 Oct

With the definition of a promoter undergoing a change as a large number of private equity and venture fund-led companies are getting listed on the bou ...

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Chip shortage hits Mahindra and Mahindra production
07 Oct

Homegrown automotive major Mahindra and Mahindra (M&M) is weighing scaling down of production due to the ongoing global semiconductor chip shortag ...

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Mid-tier IT firms outperform larger peers
07 Oct

Indian mid-tier IT companies are having a great run. Better, in some ways, than their larger counterparts. Several of them had double-digit dollar rev ...

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Bonds, stocks slide on RBI, SC move
07 Oct

Friday was a busy day for the bond and stock markets both with decisions by the Supreme Court and the RBI impacting investor sentiment. In the governm ...

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Govt moves to abolish retrospective tax changes
06 Oct

The government is hoping that the amendments to the retrospective taxation provision - which are aimed at ensuring prospective application of the prov ...

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Flipkart Served INR 10,600 Cr ED Notice For Forex Violations
06 Oct

The Indian anti-money laundering watchdog Enforcement Directorate (ED) has slapped a show-cause notice under the foreign exchange management Act (FEMA ...

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Trade hit as cost of freight from China surges 200%
06 Oct

Trade, both export and import, has been severely impacted, with sea freight costs from China shooting up 200% from pre-pandemic levels.The sky-rocketi ...

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SaaS co MindTickle 20th unicorn in '21
06 Oct

Sales readiness platform MindTickle has raised an additional $100 million in series-E funding led by SoftBank Vision Fund 2. Existing investors Norwes ...

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HDFC Bank postpones HDB's IPO plans
06 Oct

HDFC Bank has decided to shelve IPO plans of its subsidiary HDB Financial Services. The NBFC arm will focus on further improving its technology platfo ...

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$400 billion exports plan to take off
06 Oct

Led by petroleum products, gems and jewellery, and engineering goods, India’s exports rose 47.9% on-year to a record $35.17 billion in July.Preliminar ...

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Kumar Mangalam Birla steps down as Vodafone Idea chairman
05 Oct

Kumar Mangalam Birla on Wednesday stepped down as non-executive chairman and a director from the board of telecom major Vodafone Idea as the company b ...

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Sensex hits 54k for 1st time as China-wary FPIs bet on India
05 Oct

Led by financials, the sensex crossed the 54,000-mark for the first time early on Wednesday as foreign funds continued to pour money in India as they ...

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Airtel seeks govt support for telcos, says India needs 3 companies
05 Oct

Bharti Airtel on Wednesday echoed rival Vodafone Idea’s plea for a government support for the telecom industry, asserting that a large country like In ...

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Services sector shrinks for third successive month in July
05 Oct

India’s services sector contracted for the third month in a row in July, with fresh job losses for the eighth successive month, as per the Purchasing ...

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Sebi aims to deepen bond, ETF mkts with new tools
05 Oct

‘Market making’ is expected to emerge as an important tool for Sebi to help develop the corporate bond space as well as the exchange traded funds (ETF ...

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RBI extends current a/c rules implementation deadline to October 31
05 Oct

The Reserve Bank on Wednesday allowed time to banks till October 31 to implement changes on the current account front, following reports of small busi ...

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Voda Idea lenders worried about failure of repayment from telco giant
04 Oct

A day after Kumar Mangalam Birla’s letter warning that Vodafone Idea (VIL) may reach an “irretrievable point of collapse” became public, banks are wor ...

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Airtel profit in Q1 at Rs. 284cr, sales up 15%
04 Oct

Bharti Airtel on Tuesday reported a net profit of Rs 283.5 crore in the first quarter (Q1) ended June 30 of 2021-22. This was much lower than the cons ...

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Byju’s acquires Bengaluru-based AR company Whodat
04 Oct

Byju’s has acquired Bengaluru-based computer vision and AR startup Whodat Tech. The deal value was not disclosed. Founded in 2013 by Sriram Ganesh and ...

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Settled over 90% debt: Zee’s chairman Subhash Chandra
04 Oct

Essel Group chairman Subhash Chandra said on Tuesday he has cleared more than 90% of his debt and will settle remaining dues before the end of the fis ...

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No error of judgment in sale of HFC arm to Carlyle: PNB
04 Oct

Punjab National Bank MD & CEO S S Mallikarjuna Rao said on Tuesday that there was “no error of judgment” concerning the decision to issue preferen ...

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Nykaa files for Rs 4,000 crore IPO
04 Oct

Beauty and fashion retailer Nykaa has filed a draft red herring prospectus for an IPO. It plans to offer fresh equity shares worth Rs 525 crore and an ...

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Birla offers Voda Idea stake to government
03 Oct

Unable to work out a revival for the ailing telcom company Vodafone Idea (VIL), company chairman Kumar Mangalam Birla has offered his group’s stake to ...

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Policybazaar files for Rs 6,000-crore IPO
03 Oct

PB Fintech, parent entity of online marketplaces Policybazaar and Paisabazaar, has filed its draft red herring prospectus (DRHP) with markets regulato ...

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Companies offer big hikes to women in hiring rush
03 Oct

Women professionals, especially those in the IT sector, may never have had it so good, with diversity hiring being the highlight of the season. Not on ...

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IT comapnies attract employees with bonuses & bikes
03 Oct

It’s raining jobs in Indian IT. But there aren’t enough qualified people. So resignations are soaring in the $195-billion industry. Everyone’s poachin ...

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US-based social marketplace Poshmark to enter India
03 Oct

In a move that could be a potential game changer for the Indian online fashion ecosystem, US-headquartered Poshmark, a social shopping marketplace spe ...

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Railways sees highest freight loading ever
03 Oct

The Indian Railways has registered its highest-ever freight loading for July, which is nearly 13% more than its earlier best of 99.4 million tonnes in ...

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Venugopal Dhoot moves NCLAT against Vedanta’s Videocon plan
02 Oct

Venugopal Dhoot has challenged the National Company Law Tribunal’s approval for the resolution plan of Vedanta’s Twin Star Technologies for Videocon G ...

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Sterlite Power Transmission hires two banks for IPO
02 Oct

Sterlite Power Transmission Ltd., controlled by billionaire Anil Agarwal, has hired JM Financial and Axis Capital for a planned initial public offerin ...

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Give jobs data faster every quarter: Finance ministry to statistics ministry
02 Oct

The finance ministry has asked the statistics ministry to put in place a quarterly employment data mechanism, which should be released with a month’s ...

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Diageo India offer both genders parental leave of 26 weeks
02 Oct

Diageo India offers 26-week parental leave to all employees, irrespective of genderDiageo India has rolled out a 26-week parental leave policy to all ...

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RBI understands the ploy of banks for using FD-OD route to continue the current A/C
02 Oct

Banks are cutting new deals with corporates to dodge a recent Reserve Bank of India (RBI) rule. The tactic is not going down well with the regulator, ...

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Car sales remain high in July 2021
02 Oct

As the festive season comes closer, auto companies started stocking up at dealerships and reported a healthy growth in wholesale numbers in July. Exce ...

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New IDBI owners may get RBI road map to cut stake
31 Oct

The Reserve Bank of India (RBI) is expected to provide a road map to the new owners of IDBI Bank for reducing their stake as the government seeks to s ...

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Microsoft to buy stake in oyo at $9bn valuation
31 Oct

Tech major Microsoft is set to invest in hospitality chain Oyo, which will give the startup a valuation of $9 billion, two sources aware of the develo ...

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Banks disburse over Rs 2 lakh crore under ECLGS till mid-July
31 Oct

Nearly 17 months after the launch of the Emergency Credit Line Guarantee Scheme (ECLGS), banks have sanctioned Rs 2.76 lakh crore, with disbursals add ...

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Eight core sectors' production up 8.9% in june on low base
31 Oct

Output at India’s eight core sectors grew by 8.9% in June but the pace remained below the production levels seen before the COVID-19 pandemic as well ...

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Banks’ jewellery, auto auctions to rise
31 Oct

The second quarter of the current fiscal could see a surge in an auction of retail assets by lenders, particularly jewellery and cars offered as colla ...

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Average retail prices of edible oils rise up to 52% in July: Govt
31 Oct

Average prices of edible oils in retail markets have increased by up to 52 per cent in July compared to the year-ago period, according to official dat ...

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Govt is ready to revamp pension law
30 Oct

The government is ready with amendments to the law to allow the Pension Fund Regulatory & Development Authority (PFRDA) offer more flexibility to ...

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India needs to grow 8-10% to reach pre-pandemic levels
30 Oct

The Indian economy might be able to reach the pre-pandemic level if it grows in 8-10% range as several high frequency indicators have reached the pre- ...

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With 39 Lakhs retail applications, Glenmark Life biggest pharma IPO
30 Oct

The continuing IPO frenzy on Dalal Street reached a new high on Thursday with the offer for Glenmark Life Sciences closed with over 39 lakh retail app ...

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Tatas buy Tejas for Rs 2.9k cr to push enterprise telecom play
30 Oct

Tata Sons is buying Tejas Networks, a publicly listed company offering data networking products to telecom operators and internet service providers fo ...

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Hybrid working moves info to where people are
30 Oct

Flexibility now extending beyond offering employees the choice to work from anywhere, a changing definition of ‘employee’, and organisations creating ...

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Small biz hit as banks freeze current a/cs
30 Oct

Small businessmen are facing the heat as banks rush to adhere to RBI’s July 31 deadline on a directive on current accounts. The central bank has said ...

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Automobile platform Droom joins unicorn club
29 Oct

Automobile platform Droom has joined the unicorn club with a valuation of $1.2 billion, raising $200 million in pre-IPO round. Apart from several exis ...

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RBI opens up centralised payment systems for non-banking institutions
29 Oct

Issuers of prepaid cards and digital wallets can now access the National Electronic Fund Transfer (NEFT) and Real-Time Gross Settlement (RTGS) systems ...

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India was a significant contributor to Apple’s growth in last quarter: CEO Tim Cook
29 Oct

India was a significant contributor to Apple’s growth in its quarter ended June. In an earnings call, Apple CEO Tim Cook said, “We set a new June quar ...

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Airtel increases Entry Pre-Paid Tariffs After 20 Months
29 Oct

Airtel raised the minimum rates for prepaid customers after nearly 20 months, the decision was made days after the company had made changes to the cha ...

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SEBI Fines Raj Kundra and Shilpa Shetty for Insider Trading
29 Oct

The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 3 lakh on actor Shilpa Shetty, her husband and businessman Raj Kundra an ...

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Lok Sabha passes Insolvency and Bankruptcy Code Amendment Bill, 2021
29 Oct

The Insolvency and Bankruptcy Code (A) Bill, 2021 has been cleared amid Opposition clamour in the Lok Sabha. Due to the opposition's ruckus, the Parli ...

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Unclaimed funds with banks, insurance cos near Rs 50k crore
28 Oct

Funds lying unclaimed with banks and insurance companies are nearing the Rs 50,000-crore mark, with an estimated addition of Rs 5,977 crore into bank ...

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Dr Reddy’s tanks 10% on news of US legal action
28 Oct

The Dr Reddy’s Laboratories scrip tanked over 10% on Tuesday, which ended up pulling the BSE sensex down, after the company admitted that it could fac ...

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B2B co Nium becomes latest unicorn with $200mn mop-up
28 Oct

Prajit Nanu-founded Nium (formerly Instarem) has raised $200 million in a series-D funding at a valuation of over $1 billion. This makes it South Asia ...

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Paytm to hire over 20,000 sales executives ahead of IPO
28 Oct

Paytm is hiring over 20,000 field sales executives across the country, ahead of its initial public offering (IPO). The move by the fintech major comes ...

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Hyundai enters Gurugram with Rs 2,000 crore
28 Oct

With a Rs 2,000-crore investment plan in tow, Hyundai landed in Gurugram with great fanfare, setting foot into the millennium city, which is known as ...

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Stimulus not enough, need to push demand: Parliamentary panel
28 Oct

Describing the stimulus packages announced by the government as “inadequate”, a parliamentary panel has suggested that the government should put in pl ...

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Byju’s buys Toppr, Great Learning in $750 mn deal
27 Oct

Edtech unicorn and India’s most valuable startup Byju’s is continuing its acquisition spree by buying after-school learning app Toppr and upskilling p ...

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If Tesla decides to manufacture cars in India, Govt may lower import duty.
27 Oct

American electric-car maker Tesla has approached the government to seek lower import duty on its vehicles. It may be noted that GST on electric vehicl ...

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NCLAT’s stay on the Videocon Resolution plan turns the clock back, say legal experts
27 Oct

The recent order of the National Company Law Appellate Tribunal (NCLAT) to stay the operation of the tribunal’s ruling in Videocon Industries Ltd (VIL ...

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IBC bill in Lok Sabha; Pre-packaged insolvency solution on offer
27 Oct

Finance Minister Nirmala Sitharaman on Monday introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 in Lok Sabha.The Bill seeks to amen ...

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Tata Motors nearly halves April-June loss to Rs 4.5k cr
27 Oct

Tata Motors narrowed its quarterly losses from a year earlier, although India’s largest automaker is still some way from becoming profitable even as i ...

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CarTrade Tech gets SEBI nod for ₹2,000 crore IPO
27 Oct

CarTrade Tech on Monday received market regulator Securities and Exchange Board of India’s (SEBI) nod for the Initial Public Offering (IPO) to raise a ...

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

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

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Govt needs to act if consumption slows: HUL
26 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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NCLAT won’t stay Piramal plan for DHFL
24 Oct

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

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HC allows CCI to probe Amazon & Flipkart
24 Oct

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

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

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

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

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

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

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

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Reforms galore since ’91, but execution weak
23 Oct

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

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Black Buck 16th unicorn in 2021
23 Oct

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

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

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

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

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

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India tough place for business: US report
23 Oct

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

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Government may restrict benefits for employees of Air India
22 Oct

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

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

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

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

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

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Genpact, TCS among top 10 BPM providers
22 Oct

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

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

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

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

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

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

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

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

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

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

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

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Demand dips for loans guaranteed by govt
21 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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IT spends to grow 8% in 2021
19 Oct

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

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Mindtree sees broad-based growth in client demand
19 Oct

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

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Zomato IPO subscribed 38 times led by institutional bidders
17 Oct

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

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

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

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

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

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Sebi defends intervention prior to EGM of PNB Hsg
17 Oct

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

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

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

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

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

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

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

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RBI: Near-term prospects for eco brighter
16 Oct

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

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

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

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India: Developed nations skipping patent waiver
16 Oct

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

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

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

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Swiggy pilots model to tap into direct deliveries
16 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Zomato IPO subscribed 35 times by anchor investors
14 Oct

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

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

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

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

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

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

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

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

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

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Cabinet nod to mega LIC public offer
13 Oct

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

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

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

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NPCI issues guidelines for prepaid UPI e-vouchers
13 Oct

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

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Lenders set up bad bank for loans in default
13 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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Govt may withdraw duty relief on 97 items
12 Oct

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

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

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

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

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

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Government, LIC may exit IDBI Bank
10 Oct

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

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Exchanges seek prompt information on companies facing IBC
10 Oct

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

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Safety gaps in auto supply chains
10 Oct

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

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

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

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

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

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Smaller VC-PEs beat biggies on deal count
09 Oct

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

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Zomato plans grocery rollout, invests in Grofers
09 Oct

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

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Google Pay, PhonePe must cut incentives
09 Oct

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

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

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

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

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

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

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

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

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

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

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

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PNB asks housing finance arm to rework Carlyle deal
08 Oct

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

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

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

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

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

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

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

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

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

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Paytm IPO: Chinese nationals exit board
07 Oct

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

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

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

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

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

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

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

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

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

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

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

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RERA appoints 3rd Party to complete pending project
06 Oct

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

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Exchanges to be fined for reporting IT glitches late
06 Oct

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

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

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

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

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

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Regulatory norms issued for direct selling companies
05 Oct

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

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

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

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Crypto exchange Coinbase to expand its India operations
05 Oct

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

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

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

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Khadi moves to register its brand in Mexico
05 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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SEBI tightens norms on independent directors
30 Oct

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

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Rising Input costs force Cos to hike prices again
30 Oct

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

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June Car dispatches take a quantum jump
30 Oct

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

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Realty, infra trusts can use bond market route
30 Oct

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

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Devas tries to seize foreign assets for Air India
30 Oct

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

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

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

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

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

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

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

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Govt plans national stockpile of life-saving drugs
29 Oct

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

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

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

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

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

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Exports target of $400 billion achievable
29 Oct

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

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

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

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E-commerce norms on global lines: Government
28 Oct

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

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Has bankruptcy law failed homebuyers?
28 Oct

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

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CSB Bank tightens gold loan policy after NPAs
28 Oct

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

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Distressed hotels pin hopes on travel revival
28 Oct

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

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Fintech startup slice raises $20 million
28 Oct

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

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

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

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

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

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

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

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

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

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Second wave to hit economy despite localized restrictions
26 Oct

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

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

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

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

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

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Armaco chief to be first foreigner on RIL board
25 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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Group health covers’ cost up 40%
23 Oct

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

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

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

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

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

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Professionals pick bargain investments in Covid-hit MSMEs
23 Oct

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

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Companies must go green to survive: Mukesh Ambani
22 Oct

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

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Auto companies ramping up output
22 Oct

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

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SAT clears vote on PNB Housing deal with Carlyle
22 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Satya Nadella will be the next chairman of Microsoft
18 Oct

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

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

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

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

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

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Chairman-cum-CEO, a powerful combination
18 Oct

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

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

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

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

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

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JAL lenders make a fresh attempt for loan restructuring
16 Oct

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

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

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

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Authum tops in Reliance Home bids
16 Oct

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

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

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

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HDFC Bank customers face 2-hour app outage
16 Oct

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

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

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

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

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

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

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

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

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

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CBDT relaxed E-filing norm for remittances
15 Oct

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

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

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

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RBI seeks same microfinance rules for banks, NBFCs
15 Oct

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

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Social media companies' need to appoint statutory officers
14 Oct

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

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Regulator in talks with government for NPS overhaul
14 Oct

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

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

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

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

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

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

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

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

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

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

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

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HC upholds probe by CCI against Amazon, Flipkart
12 Oct

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

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

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

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Crypto exchange WazirX gets ED notice
12 Oct

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

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

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

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Sebi looking into PNB Housing deal with Carlyle
12 Oct

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

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RBI allows banks to increase charges for ATM withdrawals
11 Oct

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

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

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

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

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

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Higher bounced payments in May point to retail stress
11 Oct

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

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

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

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Companies offer freebies to boost vaccination drive
11 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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OTT platform's middlemen forging approval letters
08 Oct

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

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

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

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

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

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Hayatt Regency closes temporarily in Mumbai due to lockdown
08 Oct

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

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

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

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RBI cuts growth estimate to 9.5%
05 Oct

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

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RBI remains concerned about cryptocurrency
05 Oct

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

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FM tells PSUs to expedite capital expenditure
05 Oct

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

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

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

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

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

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

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

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

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

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Government recognises 50,000 startups across India
04 Oct

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

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

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

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

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

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

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

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Government may allow oxygen supply to industry soon
04 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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Nestle plans to add more healthy products options
02 Oct

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

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

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

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Insider trade: Sebi charges two Infosys executives
02 Oct

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

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

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

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

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

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Wadhawan moves SC against NCLAT order on DHFL bid
02 Oct

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

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RBI pulls up foreign banks on data storage norms
01 Oct

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

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

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

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

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

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

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

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Patent waiver: WTO members have divergent views
01 Oct

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

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

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

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

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

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

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

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Most family-owned companies remain optimistic for FY22
31 Oct

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

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

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

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Fitness awareness increases demand for cycle
31 Oct

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

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

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

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

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

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Maruti to boost production of oxygen generators
29 Oct

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

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Tata Digital buys 64% stake in BigBasket
29 Oct

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

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

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

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

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

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ICAI chief backs RBI on new audit rules
29 Oct

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

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Wockhardt to execute an agreement for vaccination technology transfer
28 Oct

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

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Universal vaccination is on war footing: RBI
28 Oct

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

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

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

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

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

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Foreign banks lose card market share
28 Oct

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

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Compulsory licence not attractive: Government
28 Oct

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

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

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

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

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

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

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

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Gati to exit cold chain solutions business
27 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Inflation & weak dollar boost gold, silver prices
25 Oct

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

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

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

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

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

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Auto companies reopen but weak demand keeps output low
25 Oct

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

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

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

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Government is ready for WTO patent battle
24 Oct

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

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

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

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Govt. Vigorously defending case against Cairn award
24 Oct

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

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

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

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upGrad buys technical education firm Impartus
24 Oct

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

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

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

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Guarantors for loans liable under IBC proceedings: SC
22 Oct

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

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

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

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

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

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

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

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

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

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

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

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Home loans grow in smaller towns
21 Oct

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

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PSU bank employees to get windfall incentive
21 Oct

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

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2nd wave a humanitarian crisis: Nomura
21 Oct

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

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IT companies plan major vaccine rollout for staff
21 Oct

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

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Government extends timelines for income tax compliance
21 Oct

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

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

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

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

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

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RBI makes prepaid cards, digital wallets interoperable
20 Oct

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

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

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

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

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

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Desi cryptocurrency exchange stop temporarily as Bitcoin falls
20 Oct

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

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Royal Enfield to recall over 2 lakh bikes
20 Oct

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

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

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

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

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

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

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

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

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

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Tax hike will boost profits, says Janet Yellen
19 Oct

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

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

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

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

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

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

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

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

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

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

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

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Sebi proposes delivery-based gold exchange
18 Oct

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

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

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

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Lenders want power finance cos as NARC promoters
17 Oct

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

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

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

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RBI not in favour of fresh IBC suspension
17 Oct

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

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

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

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Despite surging covid cases, companies files IPO prospectus
17 Oct

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

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

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

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Covid drains bank accounts of uninsured
15 Oct

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

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

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

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

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

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IDBI Bank settles loan with Aircel founder Siva
15 Oct

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

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Forex reserves near record high at $589 billion
15 Oct

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

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GoAir, promoter spar over trademark amid IPO plan
15 Oct

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

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

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

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

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

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Bitcoin crashes as Musk criticised crypto mining
14 Oct

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

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

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

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Use of compulsory licences could backfire, warns FICCI
14 Oct

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

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Sales of Sofas, lamps increases due to pandemic
14 Oct

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

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Covid care: Companies are giving wellbeing allowances
13 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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Despite pandemic IT companies give double hikes
12 Oct

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

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OPPI warns against vaccine patent waiver
12 Oct

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

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

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

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

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

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

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

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

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

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Organisations are dealing with Covid absenteeism
11 Oct

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

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

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

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

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

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

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

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IOC boosts O2 supply from Panipat unit
11 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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India must tackle patent barriers to drugs: Experts
08 Oct

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

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HCL employees will get Covid cover
08 Oct

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

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

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

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

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

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

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

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Savex Technologies to buy Bengaluru company,
08 Oct

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

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

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

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

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

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

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

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Biological E set for Covid vaccine rollout by August
07 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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19 companies apply under PLI scheme for IT hardware
05 Oct

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

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

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

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

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

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US spending may result in hike in interest rates
05 Oct

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

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

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

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

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

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

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

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

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

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

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

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Kotak calls for RBI to expand market operations
04 Oct

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

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Garment hub Tirupur’s local sales exceeds exports
04 Oct

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

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Investors turn to MFS due to market fluctuations
03 Oct

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

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Indian corporates suggest tougher restrictions amid surge
03 Oct

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

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

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

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

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

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SBI will try to keep soft interest rate
03 Oct

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

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

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

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

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

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

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

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Tech companies set up business continuity plans
01 Oct

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

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SBI not to freeze accounts if KYC not updated
01 Oct

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

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

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

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Bank credit grows slowest in 4 years
01 Oct

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

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

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

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

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

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

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

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

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

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

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

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Pay for home nurses rises as demand increases
30 Oct

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

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

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

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Zomato files for Rs 8,200 crore IPO
29 Oct

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

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Panchayats block soft drink, ice cream companies
29 Oct

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

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Top Companies come forward to fight pandemic
29 Oct

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

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ADB raises FY22 GDP forecast to 11%
29 Oct

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

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

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

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Life policy cover may be reduced due to pandemic
28 Oct

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

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

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

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

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

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

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

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American business rallies to help India fight Covid
28 Oct

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

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

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

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

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

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

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

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Nadella, Pichai helps out India to fight pandemic
27 Oct

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

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

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

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Blackstone to buy controlling stake in Mphasis
27 Oct

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

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IT companies expand Covid care facilities for employees
27 Oct

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

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

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

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

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

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

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

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

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

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

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

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

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

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Bankers seek frontline worker sops
24 Oct

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

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Amex, Diners Club can’t add customers
24 Oct

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

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Irdai tells insurers to complain about errant hospitals
24 Oct

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

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SBI cuts FY22 GDP growth to 10.4%
24 Oct

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

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Karnataka HC refers Google case back to ITAT
24 Oct

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

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

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

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Housing demand recovery surprisingly strong: HDFC Chairman
23 Oct

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

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

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

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

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

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

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

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

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

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

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

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Let’s define essential list: Industry
22 Oct

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

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India Inc scrambles to get staff vaccinated
22 Oct

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

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Banks to curb branch operations in Covid zones
22 Oct

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

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

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

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

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

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HDFC, Indiabulls to co-lend home loans
22 Oct

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

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

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

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India Inc steps on gas to boost oxygen supply
21 Oct

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

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

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

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

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

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

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

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Production Capacity loss a worry: CEA
21 Oct

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

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Production Capacity loss a worry: CEA
21 Oct

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

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

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

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

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

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

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

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Future Retail lenders give nod to debt recast plan
19 Oct

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

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Companies help men get back to work after break
19 Oct

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

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LIC ties up with Paytm to handle digital payments
19 Oct

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

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Covid surge stokes recovery worries, hits growth forecast
14 Oct

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

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In 2021 startup gold rush, Unicorn sightings peak
14 Oct

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

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

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

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Flipkart set to acquire Cleartrip in distress sale
14 Oct

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

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

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

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

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

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Hiring outlook up, but few willing to relocate
13 Oct

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

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

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

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

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

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

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

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RBI asks banks to take steps for business continuity
13 Oct

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

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

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

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

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

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

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

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

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

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

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

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Temporary workers wages surge 30% on labour shortage
12 Oct

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

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CEOs prefer strict safety norms over partial lockdowns
12 Oct

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

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Direct tax collections top revised estimates by 5%
10 Oct

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

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

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

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

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

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Now consumer goods companies face labour migration
10 Oct

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

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Big traders ramp up derivative bets on SAIL
10 Oct

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

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

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

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

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

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

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

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Government seeks to step up monitoring of imports
09 Oct

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

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

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

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

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

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Pre-packaged insolvency plan for MSMEs to save jobs: MCA Secy
09 Oct

The government expedited the rollout of the pre-packaged insolvency resolution framework for micro, small and medium enterprises (MSMEs) to preserve j ...

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RBI to buy Rs 1 lakh crore bonds in Q1
08 Oct

The Reserve Bank of India (RBI) has announced a government securities acquisition programme (G-SAP 1.0) where it has committed to buy bonds worth Rs 1 ...

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Sebi fines Ambani brothers Rs 25 crore in 21-year-old case
08 Oct

Markets regulator Sebi on Wednesday imposed a Rs 25-crore fine collectively on Mukesh Ambani and Anil Ambani, the erstwhile main promoters of the undi ...

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Oyo challenges bankruptcy case at NCLT
08 Oct

Oyo has challenged an order from the National Company Law Tribunal (NCLT), which admitted a plea for corporate insolvency proceedings against the comp ...

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Faceless schemes: Government issues over 1 lakh tax orders
08 Oct

The government has issued close to 1.2 lakh orders under the faceless assessment schemes but finds itself in a spot as several taxpayers, whose cases ...

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Groww valued at $1bn, raises $83mn
08 Oct

Indians and strategic investments aren’t really warm with each other. Even though more than 200 million users use digital modes of payments in the cou ...

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Cabinet approves PLI schemes for solar modules, white goods
08 Oct

The Union Cabinet on Wednesday approved two production-linked incentive schemes for white goods (air-conditioners and LED lights) and high-efficiency ...

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Rivals Airtel & Jio ink 1,500 crore spectrum trading deal
07 Oct

Often sparring telecom companies Airtel and Reliance Jio came together for a near Rs 1,500-crore spectrum trading deal as the mobile operators took st ...

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RBI to stay with easy money policy over 2nd Covid wave
07 Oct

The second wave of Covid in India will compel Reserve Bank of India (RBI) governor Shaktikanta Das to stick to an accommodative monetary policy even a ...

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Cred’s valuation trebles to $2.2 billion, raises $215 million
07 Oct

Cred, the fintech startup started by serial entrepreneur Kunal Shah, has raised $215 million in new funding, with its valuation soaring to $2.2 billio ...

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IMF raises India’s FY22 growth forecast to 12.5%
07 Oct

The International Monetary Fund (IMF) on Tuesday raised India’s growth projections for 2021-22 to 12.5% from its January estimate of 11.5%, making it ...

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AC prices up 13%, 2nd hike since January
07 Oct

Air conditioner manufacturers have raised prices by 8-13% for the second time in less than 100 days. The reason being cited is increasing input costs ...

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Domestic passenger traffic slips to 10-year low in pandemic-hit FY21
07 Oct

India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said.However, ...

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Manufacturing activity slows to 7-month low: PMI survey
06 Oct

Activity in the country’s manufacturing sector lost further momentum in March, slowing to a seven-month low as local restrictions weighed on the secto ...

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BYJU's acquires Aakash Educational Services for $1 billion
06 Oct

Popular online teaching platform BYJU's announced on Monday that it has acquired Aakash Educational Services Limited, a chain of physical coaching cen ...

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Swiggy raises $800 mn in new round at near $5 bn valuation
06 Oct

Food delivery platform Swiggy has raised around $800 million (about Rs 5,863 crore) in a new funding round. Falcon Edge Capital, Goldman Sachs, T ...

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MSMEs get new insolvency route
06 Oct

The Centre has promulgated an ordinance to speed up the insolvency resolution process for micro, small and medium enterprises (MSMEs), which are expec ...

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86% insolvency cases pending over 270 days
06 Oct

Over 85% of the ongoing corporate insolvency cases have dragged beyond 270 days, which was the upper limit for finalisation of the process.Latest data ...

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HDFC Bank loans grow 14% in FY21
06 Oct

HDFC Bank has reported 16.3% growth in deposits and 14% in advances during the year 2020-21. Yes Bank and IndusInd Bank too have reported high deposit ...

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PSU banks go slow on asset sales, await privatisation list
03 Oct

Public sector banks that were not part of the consolidation process are going slow on their plans to monetise assets as part of their capital-raising ...

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Rising prices hit households reeling under shrunk budgets
03 Oct

Households across the country are facing the onslaught of rising prices and are witnessing a sharp dent in their monthly spend capabilities as prices ...

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Maruti Suzuki India gets notice from customs, DRI
03 Oct

Directorate of revenue intelligence (DRI) and customs authorities have served a show-cause notice to Maruti Suzuki India (MSIL) for allegedly evading ...

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U.S. LNG Exports To Asia Hit Record Highs
03 Oct

Since the fall of 2020, the United States has significantly boosted its liquefied natural gas exports to the top LNG-importing region, Asia, to the po ...

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Deadline extended by 3-5 years for Thermal Plants for new emission norms
03 Oct

The Centre has extended deadlines for coal-based power plants to adopt new emission standards by up to three years and even allowed the defaulters to ...

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Liquor industry wins anti-competitive suit against Uttarakhand state arm
03 Oct

The Competition Commission of India (CCI) has penalised the Uttarakhand Agricultural Produce Marketing Board (UAPMB) for anti-competitive ways in the ...

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Exports surge by over 58% in March, imports rise 53%
02 Oct

India’s exports shot up by over 58% to $34 billion in March, led by a jump in engineering, garments, iron ore and pharma, while imports rose 53% to $4 ...

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Auto Industry back on track in Financial Year 2021
02 Oct

The auto industry made quite a turnaround in fiscal year 2020-21 despite being hit by the pandemic and battling severe parts and component crunch. A l ...

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Fuel sales up 27% from March 2020
02 Oct

India’s diesel and petrol consumption posted a whopping growth of more than 27% in March from a year ago when a countrywide lockdown had washed out fu ...

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Tatas to exit food services business in US after two decades
02 Oct

Two decades after it acquired the food services business in the US, Tata Consumer Products has decided to exit the venture. Tata Consumer inherited th ...

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Additional 45k cr. released by center for states under tax devolution
02 Oct

The finance ministry has released an additional Rs 45000 crore to states as a part of tax devolution for the recently concluded fiscal, according to a ...

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Yes Bank buys Reliance Infra HQ
02 Oct

Reliance Infrastructure has said that it has sold Reliance Centre — the premises housing the group’s headquarters — to Yes Bank for Rs 1,200 crore.“En ...

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Government sticks to 4% inflation goal for RBI
01 Oct

The government has opted to keep the inflation target under the monetary policy framework unchanged at 4% for the next five years, indicating stabilit ...

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Centre plans 60% borrowing by September
01 Oct

After borrowing at lowest cost since 2004-05, the Centre is hoping to raise funds at “reasonable” rates during the new fiscal year as it announced pla ...

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Output of eight core sectors contracts 4.6% in February-highest in 6 months
01 Oct

The output of eight core infrastructure sectors contracted by 4.6% in February, government data showed on Wednesday.This is the steepest contraction i ...

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Govt. slashes rates on small savings by up to 110 pts
01 Oct

Small saving rates are linked to yields on benchmark government bonds, which have fallen over the last one year as the Reserve Bank of India cut rates ...

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Auditors ask firms to change software to rule out fraud
01 Oct

Auditors have asked companies using bespoke and standalone accounting software to shift to applications that wouldn’t allow them to change or delete a ...

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From steep fall to peak, a fluctuating fiscal year for sensex
01 Oct

With a 627-point slide in the sensex on Wednesday, Dalal Street closed one of the most tumultuous years in its history. Within 12 months, the sensex r ...

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US proposes tit-for-tat tariffs over e-commerce tax
30 Oct

The United States Trade Representative (USTR) has proposed retaliatory trade actions against India and certain other countries that have imposed or ar ...

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Company praises all-Indian crew of Suez ship
30 Oct

The all-Indian crew of MV Ever Given, the containership stuck in the Suez Canal since March 23, is safe and working hard to refloat the vessel, says a ...

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Wanted: A bill to fix Indian manufacturing
30 Oct

Sometimes, the things that are good for us are the ones people resist the most. Diet and exercise for instance. For a classroom full of kids, a baker ...

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Delhi court grants partial relief to northeast riot lawyer
30 Oct

A city court appointed the youngest counsel present in the courtroom as the local commissioner in the matter pertaining to the seizure of data by Delh ...

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Do more pro bono work: Next CJI to senior lawyers
30 Oct

The Supreme Court on Saturday appealed to advocates to take up as many pro bono cases as they can to propel the legal aid movement forward.“If senior ...

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CJI Bobde hails Goa's Uniform Civil Code
30 Oct

Chief Justice of India SA Bobde hailed Goa's Uniform Civil Code and said that the state has what Constitutional framers envisaged for India."Goa has w ...

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Sebi asks 500 more companies to detail dividend norms
26 Oct

In a move to strengthen corporate governance, markets regulator Sebi on Thursday extended the dividend distribution norm to 1,000 companies from 500 e ...

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Govt seeks disclosure of crypto transactions, holdings
26 Oct

As per the latest amendments to the Schedule III of the Companies Act, 2013, the companies have to disclose profit or loss on transactions involving c ...

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‘Entrepreneurs must use data, facts, not personal biases’: Narayan Murthy
26 Oct

Entrepreneurs must use data and facts, and not personal biases and opinions, to take decisions in every transaction, said Infosys founder N R Narayana ...

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SAT quashes Sebi orders in WhatsApp leaks case
26 Oct

In a verdict that market experts said will raise the evidence threshold for proving insider trading and may also lead the Securities and Exchange Boar ...

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Govt may face 3rd failed auction unless 5G spectrum base price is cut: Rajan Mittal
26 Oct

Bharti Enterprises vice chairman Rajan Mittal has called on the government to cut 5G spectrum base prices quickly, failing which he warned the country ...

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More formal jobs created in January than in December: Payroll Data
26 Oct

More formal jobs were created in January, with 1.33 million subscribers added to the Employees’ Provident Fund Organisation (EPFO) compared to 1.25 mi ...

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Dream11's valuation nears $5 billion on $400 million fund-raise
25 Oct

Dream Sports, which owns online fantasy sports platform Dream11, has closed a $400 million funding round led by marquee global technology investors li ...

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Ex-CEO of JLR, to take over as TVS Motor chairman in 2023
25 Oct

Venu Srinivasan, who built TVS Motor Company, since 1980, into one among the top five global manufacturers of two- and three-wheelers, has decided to ...

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PSU banks to get Rs 19k cr Bhushan windfall this week
25 Oct

Public sector banks are in for a windfall this week with JSW Steel set to close the Bhushan Power and Steel acquisition for Rs 19,350 crore. As the lo ...

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Shapoorji Pallonji will sell 2 solar plants to Adani for Rs 446cr
25 Oct

Shapoorji Pallonji (SP) Group is selling two solar assets to ports tycoon Gautam Adani for an enterprise value of Rs 446 crore. The move comes as the ...

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Govt to bundle loss-making, profitable airports for sale
25 Oct

Companies looking to participate in the next airport privatisation round will have to bid for loss-making facilities along with profit-making ones. Th ...

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Foreign e-commerce companies will have to split sale price, fee retrospectively
25 Oct

Foreign e-commerce goods or service providers operating in India will have to retrospectively segregate sale prices of goods or services on the site a ...

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SC waives compound interest for all loans
24 Oct

In a huge relief to both big and small borrowers, the Supreme Court on Tuesday ruled that waiver of interest on interest would apply to loans of all a ...

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PF tax-free up to Rs 5 lakh if employer doesn’t contribute
24 Oct

The Lok Sabha on Wednesday approved tax proposals after finance minister Nirmala Sitharaman moved 127 amendments, including a minor tweak to the provi ...

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Bad loans to rise by Rs 1.3 lakh crore after SC’s nod for NPA tag
24 Oct

Lenders will see bad loans rise by Rs 1.3 lakh crore and an outgo of Rs 7,000-9,000 crore as reimbursement of interest on interest to those with loans ...

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Car and bike prices to go up from April
24 Oct

Brace for a hike in car and two-wheeler prices from next month. This will be the second hike after a similar exercise in January as companies grapple ...

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Cut approval layers for faster privatisation: Niti Aayog
24 Oct

Government think tank Niti Aayog has recommended cutting down on the layers of approval process for stake sales in state-run companies to fast-track t ...

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From crash of record 4k pts last year, sensex gains 95%, m-cap 2x
24 Oct

Tuesday marked exactly one year since the biggest sensex crash of 3,935 points to 25,981 points by close of trade on March 23, 2020. The next day, the ...

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RBI moves a step closer to issuing new bank licences
23 Oct

The Reserve Bank of India (RBI) has set up a standing external advisory committee (SEAC) headed by former deputy governor Shyamala Gopinath to evaluat ...

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AT1 bond valuation condition modified by SEBI for stepwise increase
23 Oct

To resolve issues that had cropped up between itself and the department of financial services (DFS) within the finance ministry on the issue of valuat ...

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Telecom service, hardware failure led to outage: NSE
23 Oct

A combination of completely unexpected events led to the four-hour traded halt on the NSE on February 24, according to a root cause analysis by system ...

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Centre seeks early SC ruling on HZL stake sale
23 Oct

The Union government on Monday requested the Supreme Court for an early decision in a five-year-old writ petition challenging the offloading of govern ...

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Tata, SpiceJet promoter shortlisted for Air India bids
23 Oct

Tata Group and SpiceJet promoter Ajay Singh have been shortlisted for the bid to buy out Air India, said people familiar with the development.The two ...

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Teething troubles hold up exporters tax benefits under RoDTEP scheme
23 Oct

Commerce secretary Anup Wadhawan on Monday said a few 'teething troubles' are holding up the government from notifying the tax refund rates and the ro ...

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10 days for FY21 left to invest for availing tax benefits
22 Oct

For income taxpayers, who are yet to invest in or buy financial products to complete their tax savings, there are still several options available befo ...

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Companies look for support as Sebi sops set to end
22 Oct

Fiscal 2021 will end soon and with that the Covid-related exemptions, given by markets regulator Sebi, including relief to promoters on open offer and ...

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Future moves HC against order stalling deal with RIL
22 Oct

In its ongoing legal tussle with US e-retailer Amazon, the Future Group on Saturday approached the Delhi high court to challenge an earlier order, whi ...

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Global demand boost for Indian exporters
22 Oct

Higher global demand, especially for engineering goods, chemicals and low-value lifestyle products such as carpets, has made Indian exporters’ order b ...

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Accenture’s strong bookings could mean better deal pipeline for IT firms
22 Oct

With large consulting and IT services firm Accenture reporting strong deal bookings, Indian IT services providers are bound to see a strong deal pipel ...

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Vodafone Idea repayment assurance lifts bonds
22 Oct

Vodafone Idea (Vi) is said to have assured bondholders of repayments/interest payments falling due later in the year, reviving a dry secondary market ...

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Insurance FDI bill regressive, will help foreign companies: Oppn
20 Oct

The joint opposition on Friday termed the bill to raise FDI in insurance “regressive” which will not only hurt the poor and establish the monopoly of ...

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TCS staff to get 2nd hike in 6 months
20 Oct

Tata Consultancy Services (TCS), India’s largest information technology (IT) firm, is set to roll out salary hikes for all of its over 469,000 employe ...

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Future Group likely to move division bench of Delhi HC
20 Oct

Future Group is expected to file an appeal before a division bench of the Delhi High Court against the interim order of a single judge imposing a fine ...

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New WhatsApp policy violates IT rules: MeitY to HC
20 Oct

The government has asked the Delhi High Court to restrain WhatsApp from implementing its new privacy policy in the country, saying it violates India’s ...

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Cairn case: India can challenge award only on limited grounds
20 Oct

India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK's Cairn Energy Plc $1.2 billion- ...

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Independent Directors can be paid despite loss, less profits: MCA
20 Oct

The government has introduced limits on the remuneration that companies with losses or insufficient profits can pay to independent or non-executive di ...

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Policyholders will be protected, says FM
19 Oct

The Rajya Sabha on Thursday passed the Insurance (Amendment) Bill, 2021 — which seeks to raise the foreign direct investment (FDI) cap in insurance se ...

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IRDAI sees demand for new covers in wake of pandemic
19 Oct

The Insurance Regulatory and Development Authority of India (Irdai) is expecting demand for new covers like those for business interruption and cyber ...

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Oil companies lose Rs 4 on petrol, Rs 2 on diesel due to price freeze
19 Oct

But for a 20-day pause in fuel price revision, petrol would have cost more than Rs 103 per litre in Mumbai by now and sold for about Rs 100 in many ot ...

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Blow for Biyani as HC restrains Future & Reliance from moving ahead on deal
19 Oct

The Delhi High Court on Thursday upheld Singapore Arbitrator's Emergency Award (EA) order against the Rs 24,713 crore deal between Future Retail Limit ...

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Scrapped vehicles can earn 4-6% rebate on new buys
19 Oct

Vehicle owners scrapping their old vehicles, could get “strong incentives” including a 25 per cent rebate on road-tax for personal vehicles, and 15 pe ...

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Delhi HC asks Govt, Finance Ministry and RBI to consider parity between IBC and Sarfaesi Act
19 Oct

The Delhi High Court on Thursday asked the Ministry of Finance and the Reserve Bank of India (RBI) to consider bringing in parity in certain sections ...

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P&G leverages shifts in habits
18 Oct

Self-shave is a consumer habit that has stuck since the pandemic started, as also the shift from powder detergents to liquids. According to industry d ...

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Tatas’ stake in Tata Communication will rise to 59%
18 Oct

The offer for sale (OFS) for the government’s 16.1% stake in Tata Communications closed on Wednesday with the total bid a little over 4.6 crore shares ...

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IRDAI bars widening of health covers if premiums increase
18 Oct

The Insurance Regulatory and Development Authority of India (Irdai) has said that insurers cannot make any significant changes in coverage of health i ...

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NHAI looks to award Rs 50,000 crore projects
18 Oct

The National Highways Authority of India is ramping up the pipeline of projects to be awarded in the first quarter of the next fiscal year, after awar ...

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India and Philippines most vulnerable to Capital Flight
18 Oct

India and the Philippines were the most vulnerable to a repeat of the taper tantrum of 2013 as reflation trades were lifting US bond yields, according ...

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60% of Indian mobile users aged 45-54 play games: Study
18 Oct

Gaming is believed to be popular mainly among Gen Z men, those in the age group of 18-24 years. But 60% of those in the age group of 45 to 54 years ha ...

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Diesel sales top pre-Covid levels by 7%, but LPG slips
17 Oct

India's diesel consumption increased 7% from a year ago in the first fortnight of March but demand for LPG, or household cooking gas supplied in cylin ...

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Delhivery aims for pre-IPO funding at $3 billion valuation
17 Oct

New-age logistics major Delhivery is in talks with multiple global investors, including US-based Fidelity, for funding before its initial public offer ...

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Retail at 93% of pre-Covid level in February, finds survey
17 Oct

India’s retail business reached 93% of pre-Covid lockdown levels in February on the back of better performance by consumer durables and quick service ...

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Cabinet clears introduction of bill to set up development financial institution (DFI)
17 Oct

The Union Cabinet on Tuesday cleared the introduction of a bill to set up a development financial institution (DFI) to finance infrastructure projects ...

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New movies help boost multiplex occupancy
17 Oct

Multiplexes, one of the hardest-hit industries by the pandemic, are gradually picking up steam with occupancy rate back to around 20%.A weekly occupan ...

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SC orders release of Rs. 344 cr. MF units to Dalmia Bharat
17 Oct

The Supreme Court on Tuesday ordered IL&FS Securities Services (ISSL) to release mutual fund units worth Rs 344 crore to the Dalmia Bharat Group, ...

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Fintech startup Cred valuation to hit $2 billion in $200 million funding
16 Oct

Serial entrepreneur Kunal Shah’s two-year-old startup Cred is set to be the next unicorn (startups that are valued at $1 billion or more). A new round ...

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Govt, RBI share similar policy stand on cryptocurrency
16 Oct

The government and the RBI have a similar stand on cryptocurrency, whose fate in the country will be decided by the bill proposed to be tabled during ...

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BHIM users to get in-app resolution
16 Oct

The National Payments Corporation of India (NPCI) has said that users can now get disputes on Unified Payments Interface (UPI) platform transactions r ...

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Garnier labels to show environmental impact
16 Oct

Environmental and social responsibility among brands is picking up pace as it begins to impact consumers’ choices.By the end of 2022, L’Oreal brand Ga ...

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After uproar, Haryana govt seeks industry take on private sector quota
16 Oct

The Haryana government has sought suggestions from industry bodies after its move to reserve some private sector jobs for people of the state drew upr ...

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Bill to hike FDI in insurance sector to 74% tabled in Rajya Sabha
16 Oct

Finance Minister Nirmala Sitharaman has tabled a Bill in Rajya Sabha to amend the Insurance Act to increase foreign direct investment (FDI) in the sec ...

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Not all windows to be shut for cryptocurrencies: FM
15 Oct

Finance minister Nirmala Sitharaman has indicated that not all windows for cryptocurrencies will be shut and a Cabinet note was being readied to formu ...

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Still want crypto ban, RBI to government
15 Oct

The Reserve Bank of India (RBI) is sticking to its stand over cryptocurrencies and has conveyed to the government its decision to seek a ban on such i ...

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Accenture India switches to gender-neutral policies
15 Oct

Accenture has become among the first in India to move away from gender binaries. Policies will focus on the caregiver rather than gender or marital st ...

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36 MF schemes exceed Sebi’s 10% AT1 bond investment cap
15 Oct

Banks that depend on additional tier-1 (AT1) bonds to meet their capital needs may not be out of the woods yet. This, despite a finance ministry memo ...

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5G Should Not Harm TV and Radio Services in India, Broadcasters Worried
15 Oct

The next-generation connectivity technology, 5G will be an essential part of the digital Indian ecosystem. While 5G’s use cases suggest that it will a ...

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ONGC's share in India's oil, gas production jumps to 70% from 53% 10 yrs back
15 Oct

State-owned ONGC, which is often perceived as a drag on the crude oil and natural gas produced in the country, has actually seen its contribution to t ...

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India looks to greater participation from Japan in PLI scheme: DPIIT Scy
13 Oct

With the government announcing production-linked incentive (PLI) scheme for 13 key sectors including telecom and automobiles, India is looking forward ...

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Microfin loans grow in Q3 after shrinking for 2 qtrs
13 Oct

After shrinking for two quarters due to the pandemic-induced lockdown, the microfinance sector grew 1.2% to reach Rs 2,26,500 crore as of December 202 ...

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Not planning to raise term policy rates: HDFC Life
13 Oct

HDFC Life Insurance will not do any major revision of term insurance rates, but will tighten medical underwriting to ensure that its experience does n ...

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Finance ministry asks Sebi to reverse ‘disruptive’ AT1 bonds order
13 Oct

The finance ministry on Thursday asked Sebi to reverse its directive to mutual fund (MF) houses to value Additional Tier-1 (AT1) bonds issued by banks ...

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App launched for ration card holders to get subsidised grains
13 Oct

The food ministry, on Friday, launched ‘Mera Ration’ mobile app which will help ration card holders, especially migrant workers, to avail subsidised f ...

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Commission on air pollution in NCR to shut down as ordinance lapses
13 Oct

A commission to tackle air pollution in the National Capital Region will have to shut down only five months after it was formed because the ordinance ...

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Govt targets Rs 1.3 lakh crore from rail, telecom assets
12 Oct

The government is targeting half its asset monetisation target of Rs 2.5 lakh crore from railways and telecom, while scouting for new areas, including ...

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Sebi, IFSCA look at setup for ‘blank cheque cos’ in India
12 Oct

Two government regulators — domestic markets watchdog Sebi and its counterpart for Gujarat’s GIFT City, the International Financial Services Centres A ...

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India, China voice same agri concerns at WTO
12 Oct

India and China have called upon World Trade Organization (WTO) members to address long-pending concerns over public stockholding and special safeguar ...

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ITAT denies BoI Rs 183cr refund for foreign tax
12 Oct

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has denied in a recent order a refund in respect of foreign taxes aggregating to Rs 182.6 ...

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RBI is exploring ways to regulate online loan apps
12 Oct

The Reserve Bank of India (RBI) has reached out to Google, the Digital Lenders Association (DLAI), fintech association FACE and several non-bank lende ...

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Benami property deals under scrutiny by IT Deptt.
12 Oct

A few weeks back, a Mumbai-based small business owner received a notice from the income tax department enquiring about the money spent on buying a mul ...

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RBI releases IDBI from the list of lenders facing curbs
11 Oct

IDBI Bank has finally managed to get out of the Reserve Bank of India’s (RBI’s) watchlist for troubled banks after four years. With this, the bank is ...

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Passenger vehicle sales up 18% in February on SUVs
11 Oct

Led by SUVs, Indian passenger vehicle sales remained in the fast lane in February despite pressures on supply chain due to shortages of critical compo ...

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Now hiring: ‘Temp CXOs’ for India Inc
11 Oct

A mid-sized manufacturing company wanted to consolidate its business by shutting down one of its factories. But it didn’t have a person in a senior le ...

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Executives get longer stint at top deck of PSU banks
11 Oct

For long, the government has been criticised for giving short tenures to top management of public sector companies as well as in ministries and depart ...

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Cabinet okays insurance Act amendments
11 Oct

The Union Cabinet on Wednesday approved an amendment to the Insurance Act, 1938, to increase the foreign direct investment cap in the sector to 74% fr ...

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Two rly station named to operate under PPP
11 Oct

Habibganj in MP and Gandhinagar in Gujarat will be Indias first railway stations to be operationalised under public-private partnership scheme as the ...

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Hope to Fix Tracking Issue, But Encryption Stays: WhatsApp
10 Oct

WhatsApp head Will Cathcart has said he is hoping to find solutions to address the government’s traceability concerns on the platform without breaking ...

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Can you think inside the box? You’re hired: India Inc.
10 Oct

Are you good at problem-solving with good interpersonal skills? Do you have strong technical skills with a humanities background? Can you think inside ...

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Hiring may hit pre-Covid level by year-end: Survey
10 Oct

India Inc is getting more optimistic about business prospects and the job market is likely to gain ground in the upcoming quarter (April-June), with a ...

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Volvo India to exit diesel, plans to go full electric
10 Oct

Swedish luxury carmaker Volvo will be phasing out diesel cars from India by the end of this year and gradually move over to only electrics as the comp ...

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Centre-state cooperation needed to boost infra: FM
10 Oct

Finance minister Nirmala Sitharaman on Tuesday said that asset monetisation needs to be viewed not just as a funding mechanism, but as an overall stra ...

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Ease of doing business: License seeking eased for petrol, explosives-related activities
10 Oct

Firms and entities seeking license from the Petroleum and Explosives Safety Organisation (PESO) can now do so online with the government having conver ...

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India's domestic air traffic falls 37% to 78 lakh passengers in Feb: Icra
09 Oct

India's domestic air traffic fell 37 per cent year-on-year to 78 lakh passengers in February amid travel curbs and capacity restrictions due to the pa ...

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Rethink to abolish Intellectual Property Appellate Board
09 Oct

A group of industry associations on intellectual property has asked the government to reconsider a proposal to abolish the Intellectual Property Appel ...

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Spike in Covid-19 cases takes toll on business recovery
09 Oct


Nomura Global Markets Research flagged that the sharp resurgence in pandemic cases in some states and the expected spike due to upcoming elections ...

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Uber India not liable for TDS in earlier years: ITAT
09 Oct

A litigation that has been brewing for the past several years is now settled with the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) holding ...

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BPCL trust to sell at least 4% in block deals today
09 Oct

About 8.7 crore shares, representing 4% of refining and oil marketing company Bharat Petroleum Corp (BPCL), are expected to be sold on the stock excha ...

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Credit-wary women up home loan share
09 Oct

Women have sharply increased their share of home loans, but have turned averse to personal loans and credit cards in the wake of the pandemic. Women a ...

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Work from home helps married women return to work
08 Oct

Last year, when Divya Kohad, 27, got married, she had to quit her job in Bengaluru because her husband was based in another city. Divya wanted to spen ...

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Oyo in breach of binding agreement with Zo Rooms: Arbitrator
08 Oct

An arbitrator appointed by the Supreme Court has ruled that hospitality startup Oyo was in breach of its agreement with its smaller rival Zo Rooms in ...

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Cabinet to decide on tax waiver, HQ for new DFI
08 Oct

The Union Cabinet will soon decide on offering tax waiver to the proposed development financial institution (DFI) in the initial years of its operatio ...

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Fraudulent loans cannot be sold to bad bank: RBI
08 Oct

The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public ...

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Industry seeks clarity on Haryana’s jobs bill
08 Oct

Companies and staffing firms have sought clarity on the Haryana government’s reservation bill, on whether the 75% reservation for private sector jobs ...

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Separate fund under EPFO likely for new individuals
08 Oct

The government could create a separate fund under the Employees’ Provident Fund Organisation (EPFO) for contributions from individuals who join the sc ...

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Centre's guidelines for social media, OTT platforms have 'no teeth': SC
06 Oct

Observing that rules recently framed by the Centre to prevent misuse of social media and OTT platforms may not be effective as they lack penal provisi ...

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Finance Ministry: Economy To Do Better Than -8% GDP Growth Prediction
06 Oct

The Indian economy is likely to do better than the projection of an 8% shrinkage in the current fiscal as economic activity gathers pace with mild sti ...

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From peak of Rs 56k in Aug, gold plunges to near Rs 43k
06 Oct

After a strong run that had lasted about nine months, gold in India is on a slide with its price during intraday trade on Friday nearing the Rs 43,000 ...

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RIL to cover vax cost of staff
06 Oct

India’s largest company in terms of market value, Reliance Industries (RIL), will bear the Covid-19 vaccination cost for its employees and their immed ...

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New-age desi tech companies use cryptocurrency for pay, perks
06 Oct

New-age tech companies are satiating their young workforce’s growing desire for digital money by using a workaround to pay either part of their salary ...

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Lenders to Bhushan Power have accepted JSW Steel’s resolution plan
06 Oct

Lenders to Bhushan Power have accepted JSW Steel’s Rs 19,350-crore resolution plan for the stressed asset. They have also agreed to refund the money i ...

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Banks may seek extension of freeze on NCLT proceedings
05 Oct

Bankers are worried that there will be a flood of applications at the National Company Law Tribunal (NCLT) after the government suspension of insolven ...

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Tata to go solo, no tie-up with Tesla, says Tata Sons Chairman
05 Oct

Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is “no dialogue” wit ...

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Fuel prices set to shoot up as OPEC+ extends output cut
05 Oct

The OPEC+ grouping of major oil-producing countries on Thursday extended the current production cuts to April, a move that is likely to send fuel pric ...

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Arcelor Mittal to invest ₹ 50k Cr. to set up steel plant in Odisha
05 Oct

A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in ...

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Tata Super App delayed again as Tata-BigBasket deal awaits CCI nod
05 Oct

The official launch of Tata Digital’s Super App, which had been slated for this month, has been delayed as the company awaits approval from the Compet ...

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Cognizant to hike bonus, offer more promotions
05 Oct

At a time when its voluntary attrition rate is the highest in the sector at 16% for the December-ended quarter, IT major Cognizant is rewarding top pe ...

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Double taxation unlikely for those stranded in India: I-T
04 Oct

The government on Wednesday said that a person, who may have been stranded in India due to suspension of international flights, may be categorised as ...

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Startups tap new investors amid uncertainty on China FDI
04 Oct

Amid scrutiny of Chinese capital, Indian startups which have raised funds from Chinese investors in the past are now tapping new investors that do not ...

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Distributors urge Jeff Bezos not to block Future-RIL deal
04 Oct

At a time when two of the world’s richest men, Mukesh Ambani of Reliance Industries (RIL) and Amazon founder Jeff Bezos are fighting over India’s boom ...

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Paytm Money sees Rs 1,500 crore mutual fund inflows amid Covid
04 Oct

Mutual fund investments through Paytm’s investment arm, which was launched in September 2018, have crossed the Rs 5,000-crore mark with over Rs 1,500 ...

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Coal India not to give a push to labour intensive new mines: Chairman
04 Oct

Coal India will not start new coal mines which require handing out large scale employment against land acquisition besides investing Rs 1.26 lakh cror ...

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Adani Group to buy stake in Gangavaram Port in AP
04 Oct

Adani Group is planning to take control of Gangavaram Port in Andhra Pradesh as it looks to strengthen its position as the country’s largest port oper ...

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No need to deduct Tax at source on software imports: SC
03 Oct

The Supreme Court (SC) on Tuesday ruled that payments made by resident Indian end-users or distributors (such as technology companies) to overseas sup ...

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Suspend a/c for ad words bidding war: Delhi HC to Google
03 Oct

In a significant interim ruling, the Delhi high court has directed search engine major Google to suspend an advertising account on its Ad Words progra ...

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85% Indian women miss out on raise, promotion
03 Oct

About 85% of Indian women have missed out on a raise or promotion because of their gender, according to LinkedIn’s Opportunity Index 2021 report. The ...

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Exports slip by 0.3% in February, imports grow 7%
03 Oct

India’s exports dipped 0.3% to $27.7 billion, largely due to lower global oil prices, while imports rose 7% to $40.6 billion, resulting in a higher tr ...

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RBI raises concerns over money-laundering checks
03 Oct

The central bank has asked several non-bank finance companies (NBFCs), housing finance companies and co-operative banks to get their house in order ov ...

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Airlines in hiring mode, to expand fleet and network
03 Oct

In a semblance of recovery in India’s aviation industry, some airlines have begun hiring as they expand fleet and network curtailed during the first f ...

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Spectrum sale: Government gets bids for over Rs 77,000 crore
02 Oct

The government was assured of the second highest haul from spectrum auctions as it got bids worth Rs 77,146 crore on the opening day of the mobile air ...

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Manufacturing activity eases marginally in February
02 Oct

Manufacturing activity in India eased marginally in February and employment decreased further amid the Covid-19 restrictions, a private survey showed ...

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NHAI plans 5,000 km roads per year
02 Oct

The National Highways Authority of India is working to identify bottlenecks in the road construction sector to up its average yearly road construction ...

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All engines of demand starting to fire, says RBI
02 Oct

The RBI’s state of the economy note has said that there is economic recovery with drop in Covid cases and “all engines of aggregate demand are startin ...

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SBI, Kotak cut home loan rates to new lows
02 Oct

In a bid to grab as many home loan customers as possible before the fiscal year ends, State Bank of India (SBI) and Kotak Mahindra Bank have sweetened ...

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Govt. received bid for SCI from GE Shipping, Watsa’s Fairfax, Vedanta
02 Oct

The stage is set for a battle for Shipping Corporation of India’s (SCI’s) privatisation, with the government receiving multiple bids, including from G ...

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Chartered accountant firms, hospitals under taxman’s lens
01 Oct

Chartered accountant firms and hospitals are under scrutiny after the revenue department found mismatches between their income tax and indirect tax fi ...

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ICAI pulls up students for social media posts
01 Oct

The Institute of Chartered Accountants of India (ICAI) has initiated disciplinary proceedings against some students for their social media posts and c ...

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Odisha keen to sign up for PLI scheme for electronics and IT
01 Oct

Odisha is keen to sign up for the Production Linked Incentive (PLI) scheme for electronics and information technology as the industry is one of the si ...

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Spectrum auctions to start today, first time in 5 years
01 Oct

The government will begin the auction of mobile telecom airwaves for the first time in five years from Monday as around 2,250MHz of spectrum — worth n ...

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Missed year’s target? A good qtr may help
01 Oct

Companies are likely to junk strict annual targets this appraisal season and may favour a more dynamic approach, giving managers the freedom to revisi ...

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Lenders may get dues from NHAI
01 Oct

The government has sought to address a key irritant for banks and financial institutions that was making them averse to lending to highway projects.Af ...

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Explore PPP for viable projects in National Infrastructure Pipeline:FM
27 Oct

Finance minister Nirmala Sitharaman said that there is a need to explore public private participation (PPP) mode for viable projects and use governmen ...

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Govt extends EOI deadline for BEML till March 22
27 Oct

The government has extended the deadline for receiving expression of interest (EoIs) for strategic disinvestment of (BEML) from potential bidders to M ...

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Core sector output rises 0.1% in January
27 Oct

India’s eight core sectors recorded a meagre 0.1% rise in output in January, propped up by a 5.1% rise in electricity, 2.7% growth in fertilisers and ...

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Rising fuel cost pushes India Inc to hike prices
27 Oct

Rising fuel expenses are having a cascading effect on manufacturing costs across sectors, which is resulting in higher prices for the end consumer. On ...

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Rupee sinks 105 paise, worst fall since March
27 Oct

The domestic currency crashed by over a rupee against the dollar on Friday to close at 73.47 — the biggest single-day fall since the post-pandemic cra ...

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Need same inflation target for 5 more years: RBI
27 Oct

The Reserve Bank of India has said that the current inflation target of 2-6% should continue for the next five years as consumers still have expectati ...

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Private asset reconstruction companies will need cash to boost bad loans business
26 Oct

Private asset reconstruction companies (ARCs) will need to come up with upfront cash or provide bank guarantees if they intend to compete with the nat ...

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Moody’s ups GDP growth forecast to 13.7% in FY22
26 Oct

Global ratings agency Moody’s expects India’s economy to grow by13.7% in 2021-22, higher than its previous estimate of 10.8% expansion as economic act ...

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Xiaomi boosts India phone making capacity by 20%
26 Oct

Chinese electronics giant Xiaomi is expanding its India phone production capacity by 20% and is looking to make gains from the government’s production ...

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Bad bank will be a new ARC set up by PSBs: Central bank governor
26 Oct

Central bank governor Shaktikanta Das on Thursday said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, wil ...

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Govt notifies new rules governing digital media
26 Oct

The Centre on Thursday notified new regulations governing the digital media industry to ensure greater compliance with local laws, in a move expected ...

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Messaging apps may lose biggest USP
26 Oct

Messaging apps WhatsApp, Telegram and Signal may should dilute their biggest privateness proposition for tens of millions of customers in India — end- ...

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Aditya Birla Fashion ties up with Tahiliani in ethnic push
25 Oct

Weeks after picking up a majority stake in Indian couture brand Sabyasachi, Aditya Birla Fashion and Retail (ABFRL) has struck a deal with New Delhi-b ...

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Indian arm of Mexican company buys Modern Foods
25 Oct

Modern Foods, the company behind the iconic bread and bakery brand ‘Modern’ breads — is changing hands once again.Singapore-based private equity firm ...

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Centre lifts embargo on private banks for government business
25 Oct

The Centre on Wednesday announced that it has lifted the embargo on private sector banks for the conduct of government-related banking transactions, s ...

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NSE faces over 5-hour tech glitch, puts traders on edge
25 Oct

The National Stock Exchange (NSE), India’s largest bourse, suffered an over five-hour tech glitch from about 10am on Wednesday. The incident prompted ...

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Cabinet decisions: Biggies to benefit from PLI for pharma, IT hardware
25 Oct

The Cabinet on Wednesday cleared production-linked incentive (PLI) schemes for pharmaceuticals and IT hardware, including laptops, which would cost th ...

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Innovaccer blazes into unicorn club as valuation trebles in seven months
25 Oct

In Silicon Valley’s treadmill of vaulted ambitions, venture capital and valuations, a company founded by a duo from IIT Kharagpur and an old colleague ...

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RIL moves to hive off oil-to-chemicals biz for investors
24 Oct

Reliance Industries Ltd (RIL) has announced an arrangement for hiving off its O2C (oil to chemicals) business into a wholly-owned subsidiary, which ca ...

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Copper prices on fire; India import bill could rise by 35%
24 Oct

A combination of factors record high copper prices coupled with aggressive buying by China and the largest copper smelter in India remaining shut for ...

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Develop products that are built for privacy: Satya Nadella
24 Oct

Microsoft CEO Satya Nadella said on Tuesday that as technology becomes all pervasive in our lives, privacy will become a fundamental right. He added t ...

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Co-working spaces see 80% demand recovery
24 Oct

Co-working companies are seeing a revival in interest after a pandemic-hit year as some companies — mostly small and medium enterprises — slowly bring ...

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Industry bodies push back against MeitY’s new blockchain roadmap
24 Oct

India’s fledgling blockchain technocrats are dismayed with the roadmap announced by the Ministry of Electronics and Information Technology (Meity) in ...

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Govt's skill upgrade programme for unskilled labourers under MGNREGA fails to take off
24 Oct

The government’s skill upgrade programme for unskilled labourers under Mahatma Gandhi National Rural Employment Guarantee scheme labourers has failed ...

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SC restrains NCLT from approving Rs 24,000 FRL-Reliance scheme
23 Oct

The Supreme Court on Monday allowed National Company Law Tribunal (NCLT), Mumbai, to continue proceedings on Kishore Biyani-led Future Retail Ltd plea ...

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US-based Indian entrepreneur claims big stake in Paytm’s parent entity.
23 Oct

A US-based Indian national has demanded a significant stake in One97 Communications, Paytm’s parent entity, along with a board seat and recognition as ...

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Inactive Mobikwik users face maintenance charge
23 Oct

E-wallet Mobikwik is going to charge consumers anywhere between Rs 100 and Rs 140 as “wallet maintenance charge” from inactive users, a first in the I ...

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Stress in retail loans of banks may triple by FY22 end: Ind-Ra
23 Oct

Stress in retail loans could triple by the end of FY22 due to a slowdown in income growth and slower pace of job creation in the service sector, credi ...

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‘Growth momentum needs to be strengthened’: RBI governor
23 Oct

The growth momentum needs to be strengthened for a sustained revival of the economy and a quick return to the pre-COVID trajectory, RBI Governor Shakt ...

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Small developers continue to win solar auctions
23 Oct

Small and mid-sized renewable energy developers in the country are increasingly bidding for solar power generation tenders, powered by freshly raised ...

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Fully provided NPAs may go to proposed bad bank
22 Oct

Banks will transfer sticky loans to the proposed ‘bad bank’ that have been fully provided for in their books. This will be done after lenders with at ...

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Indian investors will see wealth erosion if government bans crypto trade
22 Oct

A ban on cryptocurrencies like Bitcoin may result in wealth erosion for about 1 crore Indian investors, including 10 lakh traders, who are estimated t ...

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No need for frequent policy change: Amazon India chief
22 Oct

Amazon India head Amit Agarwal has cautioned in opposition to “abrupt” and “unnecessarily frequent policy change” as it’ll damage the e-commerce secto ...

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BigBasket slaps notice on Daily Basket for use of 'basket' in name
22 Oct

India's largest online grocery portal BigBasket has served a cease and desist notice to startup Daily Basket for using the word 'basket' in its name. ...

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3 construction stocks that may be on the road to re-rating
22 Oct

Buoyed by the bull run in construction stocks of late, investors may be wondering if there is some steam left.Interest in infrastructure stocks has pi ...

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ITAT allows Rs. 3.7 cr. paid by Tata Chemicals to use logo of parent company.
22 Oct

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has allowed Rs 3.7 crore paid by Tata Chemicals for using the ‘TATA’ logo as a business deduc ...

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Bitcoin steams to new record, nears $1 trillion market cap
20 Oct

Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnin ...

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Government eases compliance burden on unlisted companies
20 Oct

In a significant change in rules, the government has eased the burden on unlisted Indian companies from compliance requirements under the Companies Ac ...

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Government to appeal against Cairn ruling
20 Oct

Cairn Energy Plc’s pitch for an early settlement of its claims hasn’t cut ice with the government, which is all set to appeal against an international ...

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Indian IT sector likely to hit $350 billion by 2026, says McKinsey report
20 Oct

The Indian information technology (IT) industry is expected to touch $300-350 billion in terms of revenue over the next five years, McKinsey has state ...

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IKEA to invest Rs. 5500 cr. in Noida commercial real estate
20 Oct

Swedish furniture giant Ikea is all set to increase its presence in India. Uttar Pradesh government on Friday signed a Memorandum of Understanding (Mo ...

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China Mulls Easing Capital Controls on Offshore Investments
20 Oct

China is considering relaxing restrictions to allow its citizens to invest in securities outside its mainland in a bid to facilitate two-way capital f ...

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GST on gas to lower prices, boost volumes
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