Reporter News - IBJ Bureau
Multiple bids line up for buying a majority stake in NMDC...
- Jan 28, 2023
The government received multiple Expressions of Interest (EoIs) for the proposed strategic disinvestment of NMDC Steel (NSL), the Department of...
Airbus to take 13,000 people on board in 2023 to support...
- Jan 27, 2023
Airbus intended to recruit more than 13,000 people globally in 2023, the European aircraft-maker said in a statement on Thursday. It said the...
Google makes changes in Android policy, lets users choose...
- Jan 26, 2023
After failing to get a court order to block an antitrust ruling, Google on Wednesday said that it would allow users in India to choose default search...
Wheat and paddy purchase in quantity and quality surges in...
- Jan 25, 2023
Procurement of wheat and paddy in quantity and value terms had risen significantly in the last eight years on account of a hike in the Minimum...
No limits on foreign investments in sovereign green bonds:...
- Jan 24, 2023
Sovereign green bonds issued by the Union government would not have any restrictions on foreign investment, the Reserve Bank of India (RBI) said on...
Adani set to spin off more group companies in the next few...
- Jan 23, 2023
The Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028. Speaking to the Reuters, the group’s chief...
Be pragmatic & collaborate, fragmentation will cost 7% of...
- Jan 21, 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday asked the world to be pragmatic and collaborate and said that...
Central and State government vehicles older than 15 years...
- Jan 20, 2023
From April 1, all vehicles owned by Central and State governments, including buses owned by transport corporations and public sector undertakings,...
KKCL’s Killer jeans will be the Official Sponsor of...
- Jan 20, 2023
KewalKiran Clothing (KKCL) – a leading retail company which owns brands...
Surging home prices, high rentals risk derailing RBI’s...
- Jan 18, 2023
Rising home prices and rentals in large cities could pose a new challenge to the country’s central bank in its fight against inflation, even though...
Supply chain tweak set to benefit India amid likely global...
- Jan 17, 2023
A global recession was likely in 2023, but pressures on food, energy and inflation might be peaking, the World Economic Forum (WEF) said on Monday in...
December 2022 CPI inflation dips to 5.72%; IIP for November...
- Jan 13, 2023
Retail inflation remained below the Reserve Bank of India’s (RBI) upper tolerance level of 6 per cent for the second consecutive month in December...
Facial recognition, iris scan being used by banks to verify...
- Jan 13, 2023
The government was allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in...
Indian startup funding slips by 33% to $24 bn; investors...
- Jan 12, 2023
Funding for Indian startups dropped by 33 per cent to $24 billion in 2022 as compared to that of the previous year. However, the fund mop-up in 2022...
Remittances into India rise by 12% to $100 billion in 2022,...
- Jan 11, 2023
Union Finance Minister Nirmala Sitharaman on Tuesday said that remittances sent to the country by overseas Indians were about $100 billion for 2022,...
Fall in nominal GDP growth in FY24 set to upset...
- Jan 10, 2023
Nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the Union government to reduce the Budget gap by...
Apple hiring Indian retail workers as it is set to open...
- Jan 09, 2023
Apple has begun hiring retail store workers in India and has plans to fill other roles as the technology company prepares to open stores in the...
Multiple bids received for strategic sale of government,...
- Jan 08, 2023
The government has received multiple preliminary bids for strategic sale of about 61 per cent stake in IDBI...
1,000 Indian staff of Amazon set to lose jobs as a part of...
- Jan 07, 2023
A report said on Friday that Amazon India would lay off 1 per cent of its workforce in the country as a part of the global layoffs announced by the...
Government cautions on unemployment data put out by private...
- Jan 06, 2023
The government has responded to recent media reports on India’s unemployment rate, saying that results of surveys by private companies or...
NCLAT refuses to stay CCI’s order against Google, asks it...
- Jan 05, 2023
In a setback for Google, the National Company Law Appellate Tribunal (NCLAT) on Wednesday refused an interim stay on the Competition Commission of...
Google accuses CCI order against it of “copy-pasting...
- Jan 04, 2023
Google has told a tribunal in India that the country’s antitrust investigators copied parts of a European ruling against the US company for abusing...
Supreme Court finds no flaws in demonetisation in a 4:1...
- Jan 03, 2023
The Supreme Court on Monday upheld by a 4:1 majority the Centre’s 2016 decision to demonetise the currency notes of Rs 500 and Rs 1,000. The...
Passenger vehicle sales step on the gas, post record 23%...
- Jan 02, 2023
Domestic passenger vehicles sales rose by 23 per cent to a record of 37.93 lakh units in 2022, led by the likes of Maruti Suzuki, Hyundai and Tata...
Higher merchandise trade deficit pushes Q2 CAD up to 4.4%...
- Dec 31, 2022
The country’s Current Account Deficit (CAD) widened to 4.4 per cent of Gross Domestic Product (GDP) in the second quarter (Q2) of 2022-23 on higher...
Amid global uncertainties, RBI set to continue battle...
- Dec 31, 2022
After remaining above the Reserve Bank of India’s (RBI) comfort level of 6 per cent for most part of this year, retail inflation is slowly easing,...
Airtel plans about Rs 28,000-crore capex in telecom...
- Dec 29, 2022
Telecom operator Bharti Airtel planned to invest around Rs 28,000 crore in telecom network with a focus on 5G rollout, a company executive said on...
Government tweaks GST rules, makes changes related to ITC...
- Dec 28, 2022
GST taxpayers will be required to reverse by November 30 the input tax credit (ITC) claimed in the previous financial year in case their suppliers...
Farm and allied sector exports soar by almost 12% in...
- Dec 27, 2022
Export of agricultural and allied commodities rose by 11.97 per cent to $30.21 billion during the April-October period of current financial year, the...
Amid global concerns, India looks set for more foreign...
- Dec 26, 2022
India may attract eyes of overseas investors in 2023 as well on account of measures such as rollout of the Production-Linked Incentive (PLI) Scheme...
PAN to be inoperative if not linked with Aadhaar by March...
- Dec 26, 2022
The Income Tax (I-T) Department on Saturday issued an advisory that those Permanent Account Numbers (PAN) which were not linked with Aadhaar by the...
Ex-chief of ICICI Bank Chanda Kochhar and her husband...
- Dec 24, 2022
Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were arrested by the CBI on Friday as part of its investigation into a money...
Reliance Retail buys Metro Cash & Carry’s India business...
- Dec 23, 2022
Consolidating its position in the retail segment, Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries (RIL), on Thursday signed...
SEBI ban on trade in seven commodity futures to stay for...
- Dec 23, 2022
The Securities and Exchange Board of India (SEBI) has extended suspension on derivatives trading of seven commodities for one more year till December...
SEBI’s nod for share buyback via tender offer, stock...
- Dec 21, 2022
The Securities and Exchange Board of India (SEBI) agreed to phase out gradually the buyback of shares of companies via the stock exchange route in...
Civil Aviation Ministry lists out measures to ease...
- Dec 20, 2022
The Civil Aviation Ministry said on Monday that various steps, including opening of two additional entry gates for passengers and deployment of...
Banks mull starting rupee trade with Bangladesh and African...
- Dec 19, 2022
Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries, like Egypt, as a part of the exercise to make...
Decision on GST on online gaming, horse racing and casinos...
- Dec 18, 2022
The Goods and Services Tax (GST) Council deferred the decision on GST on online gaming, horse racing and casinos on Saturday. The council increased...
Gold Bond issue opens on December 19, price fixed at Rs...
- Dec 17, 2022
The issue price for the next tranche of Sovereign Gold Bond Scheme 2022-23, which will open for subscription for five days from Monday, was fixed at...
Deepak Fertilisers to spin off mining chemicals and...
- Dec 16, 2022
Deepak Fertilisers announced demerger of its mining chemicals and fertiliser businesses on Thursday. The move will help the company provide focused...
Russia replaces Iraq as India’s top oil supplier in...
- Dec 15, 2022
Russia has for the first time emerged as top oil supplier to India, replacing Iraq as refiners last month snapped up oil from Moscow, fearing a price...
Over 5.57 lakh companies deleted from records due to...
- Dec 14, 2022
More than 5.57 lakh companies were struck off the records in the last five years due to non-compliance with various provisions of the companies law,...
November CPI inflation will nudge RBI to stop rate hike...
- Dec 13, 2022
The November inflation print of 5.88 per cent provided impetus to end the rate hike cycle, economists at the country’s largest lender SBI said on...
Government asks trade bodies, banks to explore trade in...
- Dec 12, 2022
The government has asked trade bodies and banks to explore opportunities for trade in rupee with more countries after having facilitated rupee trade...
Amid tough times, IMF hopeful of China reopening set to...
- Dec 11, 2022
The International Monetary Fund (IMF), World Bank and others have raised concerns about a worsening global outlook while hopeful that China’s...
Snapdeal scraps $152-million IPO as tech stocks crash, says...
- Dec 11, 2022
SoftBank-backed e-commerce company Snapdeal had decided to pull the plug on its $152-million initial public offer (IPO), the company told...
BSNL upgrading 4G to 5G technology in 7 months: Telecom...
- Dec 09, 2022
State-owned BSNL’s 4G technology will be upgraded to 5G in five to seven months and rolled out across 1.35 lakh telecom towers that the company has...
Big, fat, Indian weddings set to make a comeback at Pride...
- Dec 08, 2022
Pride Amber Vilas Resort & Convention Centre Jaipur, an exclusive resort hugely popular with domestic and international tourists, has now been...
RBI raises Repo Rate by 35 bps to 6.25%, slashes FY23...
- Dec 07, 2022
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the key Repo Rate by 35 basis points (bps) to 6.25 per cent in...
Indian house prices bullish contrary to a subdued market in...
- Dec 06, 2022
House prices in the country will rise steadily in the next few years roughly in line with overall economic growth, with low chances of a significant...
Government working on a plan to curb imports of mobile...
- Dec 05, 2022
The government would come up with a methodology to check imports from neighbouring nations, which were non-compliant with trusted source rules of the...
Amid volatility, uncertainty, OPEC+ keeps oil output...
- Dec 05, 2022
OPEC+ has responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. The outcome of the brief...
Houshold liabilities surge by Rs 6,00,000 crore to Rs...
- Dec 03, 2022
Liabilities of households rose by Rs 6,00,000 crore in 2021-22 to Rs 83,65,000 crore, data from the Reserve Bank of India (RBI)...
Rajan cautions central bankers to watch out for a shift to...
- Dec 03, 2022
The global economy could go back to a low-inflation regime, and central bankers pursuing restrictive monetary policies should keep that in mind, said...
Poor performance of manufacturing, mining drag Q2 GDP down...
- Dec 01, 2022
Economic growth slowed down to 6.3 per cent in the July-September quarter of FY23, dragged down mainly by poor performance of manufacturing and...
Amid din over GM and hybrids, natural crops can help reap a...
- Nov 30, 2022
It has been one step forward and two steps back for Indian genetically-modified (GM) corps. In mid-October, the Union Ministry of Environment,...
High rates not to come in the way of banks’ strong credit...
- Nov 29, 2022
Fitch Ratings on Monday said that India’s bank credit would see strong growth in the current financial year despite effects of higher interest...
NITI Aayog chief Suman Bery worried over return of Old...
- Nov 28, 2022
NITI Aayog Vice-Chairman Suman Bery on Sunday expressed concern over the revival of Old Pension Scheme by some States. He said that it would burden...
China’s COVID curbs, sanctions on Russia drive up...
- Nov 27, 2022
With soaring shipping costs come soaring bills for ships doing nothing.In the oil-tanker market, day rates for delayed vessels – think taxis...
Insurers set for huge funding with entry, solvency margin...
- Nov 26, 2022
The Insurance Regulatory and Development Authority of India (IRDAI) on Friday approved a host of reforms, including easing entry norms and reducing...
Apple, the world’s largest profitable company, makes Rs...
- Nov 25, 2022
Do you know how much profit Apple makes every second? It is a staggering over $1,820 (over Rs 1.48 lakh), making the iPhone-maker the world’s most...
Indian Railways got rid of one non-performer, corrupt...
- Nov 24, 2022
Indian Railways has weeded out one “non-performer or corrupt official” every three days in the past 16 months, officials have said. Some 139...
Indian IT industry is struggling to come to terms with a...
- Nov 23, 2022
Moonlighting has hit the Indian information technology (IT) sector like a bolt from the blue. Unlike the moon’s cool and pleasant light, the...
Rising corporate loans show signs of a start of new private...
- Nov 22, 2022
Banks are expanding lending to domestic corporations at the fastest pace in more than eight years. This is a sign of a new private investment cycle...
CCI's penalties and directives against Google may get lost...
- Nov 21, 2022
Google got a taste of India’s regulatory rap in October this year. The Competition Commission of India (CCI) slapped two penalties on the US...
Zomato set to lay off 4% of its total workforce to cut...
- Nov 20, 2022
Gurugram-headquartered food aggregator Zomato has reportedly started laying off employees this week and plans to drop at least 4 per cent of its...
Jet Airways hits another air pocket, salaries of a third of...
- Nov 19, 2022
Revival of Jet Airways is not coming through well as now the company has decided to send 60 per cent of its staff on leave without pay from December...
Tatas mull merging all airline brands under Air India, may...
- Nov 18, 2022
The Tata Group was considering a plan to integrate its four airline brands under Air India, reported the Bloomberg on Thursday, citing...
Rising demand from unexpected quarters holds out hope for...
- Nov 17, 2022
The worst fears of Byju’s critical financial health were confirmed in September, when the education technology (edtech) company declared its...
Indo-Russia rupee trade gets a push as Russian banks open...
- Nov 16, 2022
As many as nine special vostro accounts had been opened with two Indian banks after permission from the Reserve Bank of India (RBI) to facilitate...
Centre willing to get petrol, diesel under GST, but States...
- Nov 15, 2022
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Monday that the Central government was ready to bring petrol and diesel under...
Green push apart, India compelled to opt for coal as the...
- Nov 14, 2022
Despite India being bullish on green energy options, as it aims to achieve net-zero emissions by 2070, the geopolitical situation triggered by the...
October retail inflation set to be less than 7%, predicts...
- Nov 13, 2022
RBI Governor Shaktikanta Das on Saturday said that there was no need to change the inflation target despite the central bank’s failure to keep it...
Crypto exchange FTX files for bankruptcy; CEO Sam...
- Nov 12, 2022
Cryptocurrency exchange FTX said on Friday that it was commencing bankruptcy proceedings in the United States and Sam Bankman-Fried was resigning...
SJVN wins Rs 585-crore, 83-mw solar project in Madhya...
- Nov 11, 2022
State-run SJVN on Thursday said that it had bagged a contract to build, own and operate an 83-mw floating solar project worth Rs 585 crore in Madhya...
Big spending cuts ahead as government committed to FY23...
- Nov 10, 2022
Spending by the Central government in this financial year could be less than budgeted for the first time in three years, two sources with direct...
Surging population, changing climate make Indian cities a...
- Nov 09, 2022
India is projected to see an explosion in its urban population in coming decades, but its cities already cannot cope, and climate change will make...
Tech startup stocks headed for a big selloff as IPO lock-in...
- Nov 08, 2022
India’s fledgling technology sector faces a key test this month as lock-up periods on $14 billion worth of shares sold in initial public offers...
Reliance set to snap up German retailer’s Indian arm...
- Nov 07, 2022
Reliance Industries was set to acquire German retailer Metro’s Cash & Carry business in India in a deal estimated at around 500 million euros...
Tariffs unsustainable, correction needed to support...
- Nov 06, 2022
Telecom operator Vodafone Idea (VIL) has said that telecom tariffs in India continue to remain at “unsustainable levels” and the industry needs...
Elon Musk Impact: A majority of Twitter's Indian staff...
- Nov 05, 2022
Twitter has fired a majority of its over 200 employees in India as a part of mass layoffs across the globe ordered by its new owner Elon Musk who is...
Adani installs India’s largest wind turbine, taller than...
- Nov 04, 2022
A wind turbine taller than the world’s tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at...
Xi Jinping’s third term as president bodes ill for China,...
- Nov 03, 2022
As expected, President Xi Jinping secured an unprecedented, historic third term last month. The recently-concluded 20th National Congress of the...
Income Tax Department moots common ITR for all taxpayers
- Nov 02, 2022
The Income Tax Department on Tuesday proposed to introduce a user-friendly common Income Tax Return (ITR) form for all taxpayers by merging all...
Twitter set to sack a quarter of its staff: The Washington...
- Nov 01, 2022
Twitter, which was acquired last week by billionaire Elon Musk, planned to let go of a quarter of its workforce as a part of what was expected to be...
Road sector has highest number of delayed projects at 262,...
- Oct 31, 2022
The road transport and highways sector has the maximum number of delayed projects at 262, followed by railways at 115 and the petroleum sector at 89,...
New rules designed to make internet open and safe for all...
- Oct 30, 2022
Union Minister of State for Electronics and Technology Rajeev Chandrasekhar on Saturday said that the main objective behind amending the Information...
LIC plans dividends, bonus shares to shore up net worth and...
- Oct 29, 2022
Life Insurance Corporation of India (LIC) was planning to transfer nearly $22 billion from policyholders’ funds into a fund earmarked to pay...
Urbanisation, industrialisation may push India’s energy...
- Oct 28, 2022
India was likely to see the world’s biggest rise in energy demand this decade. The demand, which would climb by 3 per cent annually, would be...
Indo-Chinese bilateral trade surges past $100 billion in...
- Oct 27, 2022
Bilateral trade of India and China continued to boom, crossing $100 billion for the second year in the first nine months of 2022. India’s trade...
Rishi Sunak takes over as UK’s prime minister; all eyes...
- Oct 26, 2022
Rishi Sunak became Britain’s third prime in two months on Tuesday at a time when the UK faces what he has termed a “profound economic...
One Nation, One Fertiliser scheme achieves little in...
- Oct 25, 2022
Fertiliser is the latest sector to be ensnared into the government’s one-nation obsession. In mid-October, Prime Minister Narendra Modi launched...
Shippers and tankers in chaos as EU’s Russian sanctions...
- Oct 24, 2022
A huge shadow fleet of tankers with unknown owners is amassed to serve Moscow’s interests. Intense diplomatic wrangling among US leaders to ease...
SEBI bars Bombay Dyeing, Wadias from securities markets for...
- Oct 23, 2022
Bombay Dyeing and Manufacturing Company has been barred by the country’s capital market regulator from the securities markets for two...
RIL to demerge financial services business, list JFSL on...
- Oct 22, 2022
Mukesh Ambani’s Reliance Industries (RIL) on Friday said that it would demerge its financial services arm and list it on the stock...
A Brave New World: 5G services set to take India closer to...
- Oct 21, 2022
On October 1, Prime Minister Narendra Modi launched 5G mobile services in the country at the India Mobile Congress (IMC) in New Delhi’s Pragati...
CCI orders probe against IREL for alleged pricing abuse
- Oct 20, 2022
The Competition Commission of India (CCI) has ordered a detailed probe against State-owned IREL for alleged abuse of its dominant position in...
Microsoft’s third layoff this year leads to around 1,000...
- Oct 19, 2022
In keeping with the global trend of cutting jobs, tech giant Microsoft recently sacked nearly 1,000 employees across verticals. This is the third...
Recession likely in 2023, opine 66% of Indian CEOs, 82%...
- Oct 18, 2022
Around 66 per cent of CEOs in India anticipate a recession in the next 12 months compared to 86 per cent CEOs globally, a private survey shows....
SEBI’s new norms bring in transparency & rationality in...
- Oct 16, 2022
The Securities and Exchange Board of India’s (SEBI) new set of norms are aimed at bringing greater transparency into the capital market. The new...
Infosys declares Rs 9,300-crore share buyback, issues 10%...
- Oct 15, 2022
Infosys, the country’s second-largest IT services company, on Thursday announced a share buyback of Rs 9,300 crore via open market route for a...
ArcelorMittal Group bags Uttam Galva Steels through...
- Oct 14, 2022
The ArcelorMittal Group on Friday added another steel company to its portfolio. The Mumbai bench of National Company Law Tribunal (NCLT) approved the...
September CPI inflation heats up to 7.41%, surging for nine...
- Oct 13, 2022
Retail inflation, measured by Consumer Price Index (CPI), rose to a five-month high of 7.41 per cent for September, up from 7.00 per cent in August....
Spending 5% of GDP per year can ensure full employment,...
- Oct 12, 2022
The government needs to invest at least 5 per cent of GDP, or Rs 13.52 lakh crore, per year and enact a Right to Work legislation to ensure full...
Former Fed chief Bernanke, Diamond &Dybvig win Nobel Prize...
- Oct 11, 2022
Ben S Bernanke, Douglas W Diamond and Philip H Dybvig won the 2022 Nobel Prize in Economics for research on banks and financial crises. The...
Data localisation among top issues in the way of India-UK...
- Oct 10, 2022
Data localisation and UK companies being allowed to bid for Indian government contracts were among the issues causing a possible deadlock in the...
Huge demand for technical due diligence in realty projects...
- Oct 09, 2022
With nearly $50 billion of investment in real estate since 2012, property consultant Colliers India has said that demand for technical due diligence...
RBI to start pilot project on digital rupee soon, issues...
- Oct 08, 2022
The Reserve Bank of India (RBI) on Friday said that it would soon commence a pilot launch of the digital rupee for specific use cases as it tests...
Facebook silently sharpening the axe to slash 12,000 of its...
- Oct 07, 2022
Meta is reportedly conducting “quiet layoffs” at Facebook that may lead to thousands of job cuts – at least 12,000 or about 15 per cent of its...
RBI mulls scaling up AI and ML for effective supervision...
- Oct 06, 2022
The Reserve Bank of India (RBI) is planning to use advanced analytics, artificial intelligence (AI) and machine learning (ML) extensively to analyse...
Weak rupee apart, low stock in vaults to turn gold costlier...
- Oct 05, 2022
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey and other markets where better...
Oil prices shoot up as OPEC+ members mull output cut by 1...
- Oct 04, 2022
Oil prices jumped by more than $4 on Monday as the Organization of the Petroleum Exporting Countries and its allies – known collectively as OPEC+...
Windfall Profit Tax on locally-produced crude oil cut, levy...
- Oct 03, 2022
The government cut Windfall Profit Tax on locally-produced crude oil and diesel on Saturday in line with a fall in international rates. It also...
Pain for rupee will linger longer as US Fed remains focused...
- Oct 02, 2022
The rupee plunged to a record low of 81.94 against the dollar last month. The Indian currency has slid by almost 9 per cent against the greenback...
With 50 bps hike, Repo Rate at 5.90%; RBI cuts FY23 growth...
- Oct 01, 2022
The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points (bps) to 5.90 per cent. The rate hike is aimed at...
Rates of small savings schemes hiked to align with high...
- Sep 30, 2022
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the...
Pride Group of Hotels adds another property with launch of...
- Sep 29, 2022
Pride Group of Hotels has added another landmark in Central India with launch of Pride Hotel Bhopal. Conveniently located in the heart of the city,...
Jet Airways’ resumption hits an air pocket; airline yet...
- Sep 28, 2022
Jet Airways India, the carrier undergoing a court-monitored process to emerge from bankruptcy, will not return to the skies this month as previously...
Foxconn’s Sriperumbudur unit to make iPhone 14 for Indian...
- Sep 27, 2022
Apple’s newest phone, iPhone 14, will be made in India as the global tech titan bets big on the manufacturing prowess of the world’s...
Banks turn cautious in lending to education sector as NPAs...
- Sep 26, 2022
High defaults of about 8 per cent in education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing...
OTT players rue telecom draft Bill, worry that it may kill...
- Sep 25, 2022
Draft telecommunication Bill has once again created a deep divide between telecom operators (telcos) and over-the-top (OTT) players over the move to...
Illicit trade in five industries costs exchequer Rs 58,521...
- Sep 23, 2022
The exchequer is estimated to have lost Rs 58,521 crore in taxes in 2019-20 due to illicit trade in goods in five key industries, including FMCG,...
Days after Premji’s warning, Wipro sacks 300 found to be...
- Sep 22, 2022
Wipro Chairman Rishad Premji on Wednesday said that the company had fired 300 employees who were found to be working for one of its competitors at...
Rage Against Revdi: Debate on freebies overlooks larger...
- Sep 21, 2022
In the midst of the festival season, Prime Minister Narendra Modi got India hooked on to revdi. The revdi in question here was, of course, not the...
India paying double the price for LNG as Russian fuel flow...
- Sep 20, 2022
India has purchased some of the nation’s most expensive liquefied natural gas (LNG) shipments ever after vital Russian deliveries were...
75 Indian companies line up for PLI Scheme for speciality...
- Sep 19, 2022
The government has received around 75 applications from domestic players under the Productive-Linked Incentives (PLI) Scheme for speciality steel,...
Prime Minister launches National Logistics Policy to...
- Sep 18, 2022
Prime Minister Narendra Modi launched National Logistics Policy in New Delhi on Saturday. Mr Modi said that the reform addressed challenges related...
IRDAI’s new policy tries to make motor insurance...
- Sep 17, 2022
A new option in motor insurance brings good news for vehicle owners concerned with rising premium rates. This July, the Insurance Regulatory and...
Government panel calls for a Central law and a regulatory...
- Sep 16, 2022
India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a...
India’s thermal coal imports now just a few million...
- Sep 15, 2022
India is fast catching up with China in its thermal coal imports, as the world’s two biggest overseas buyers of the power generation fuel adjust...
States’ borrowing cost slips by 6 bps to 7.46%; falls for...
- Sep 14, 2022
Borrowing cost for the States fell for the fourth consecutive week as weighted average cut-off eased by 6 basis points (bps) to 7.46 per cent at the...
August retail inflation shoots up to 7%, factory output in...
- Sep 13, 2022
Retail inflation inched up to 7 per cent in August from 6.71 per cent in July mainly due to higher food prices, government data showed on...
Rising digital payments point to higher consumption,...
- Sep 12, 2022
Rising credit card and Unified Payments Interface (UPI) payments indicated towards an increase in consumption amid recovery in economic activities...
“India’s fiscal prudence has paid off, while West is...
- Sep 11, 2022
India’s prudent fiscal policy has paid off. On the other hand, US, UK and EU are facing a double whammy of unprecedented inflation and negative...
IRDAI makes it mandatory for dematerialisation of insurance...
- Sep 10, 2022
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to mandate dematerialisation of all new insurance policies by...
Britain’s longest-serving monarch Queen Elizabeth II...
- Sep 09, 2022
Queen Elizabeth II, Britain’s longest serving monarch, died at 96 on Thursday. She had reigned for 70 years. The royal family – the...
Indian airlines likely to record Rs 15,000-17,000-cr loss...
- Sep 08, 2022
Domestic airline industry was expected to report a net loss of Rs 15,000-17,000 crore in this financial year (FY23) on account of elevated price of...
PFC completes successful resolution of Jhabua Power Limited
- Sep 08, 2022
Power Finance Corporation (PFC) has successfully resolved yet another stressed project, 600 mw thermal power project of Jhabua Power Ltd., situated...
AT THE HELM: Ashishkumar Chauhan, MD & CEO, National Stock...
- Sep 07, 2022
It was homecoming for Ashishkumar Chauhan when he took over as MD and CEO of National Stock Exchange (NSE) in late July. The former MD and CEO of...
ED arrests former NSE chief Ravi Narain in alleged phone...
- Sep 07, 2022
The Enforcement Directorate (ED) on Tuesday arrested former National Stock Exchange (NSE) CEO and MD Ravi Narain in a money laundering case,...
Pride Hotels to expand presence in north India, foray into...
- Sep 06, 2022
The Pride Group of Hotels is scaling up its operations in north India with launch of additional properties in 2022. The new portfolio includes hotels...
Cyrus Mistry, 54, former chairman of Tata Sons, dies in a...
- Sep 05, 2022
Former Tata Group Chairman Cyrus Mistry died in a road accident on Sunday. He was 54. The accident occurred in Charoti in Palghar when his Mercedes...
Exports in August shrink by 1.15% to $33 bn, trade deficit...
- Sep 04, 2022
India’s exports contracted by 1.15 per cent to $33 billion, and trade deficit more than doubled to $28.68 billion in August, a preliminary data...
Muted Q1 growth despite a favourable base effect portends a...
- Sep 03, 2022
Economic growth numbers for the first quarter (Q1) of 2022-23 were quite disappointing. At 13.5 per cent, the Q1 Gross Domestic Product (GDP)...
Gujarat, Himachal & Andhra get Centre’s nod to set up...
- Sep 02, 2022
The government has given in-principle approval to proposals of Himachal Pradesh, Gujarat and Andhra Pradesh to set up bulk drug parks. The...
Q1 FY23 GDP expands by 13.5%, gets a big boost from...
- Sep 01, 2022
The economy grew by 13.5 per cent in the April-June quarter this financial year – the fastest in the last four quarters – on account of better...
Kotak Mahindra Bank urges RBI for a standardisation in...
- Aug 31, 2022
Kotak Mahindra Bank on Tuesday pitched at the RBI for a standardisation in fraud reporting after data showed that the private sector lender had been...
At RIL AGM, Ambani sets Diwali date for 5G launch & rolls...
- Aug 30, 2022
Billionaire Mukesh Ambani on Monday announced a Rs 2.75-lakh crore investment plan to expand and diversify his $221-billion empire by rolling out 5G...
All subsidised fertilisers to be sold under single brand...
- Aug 29, 2022
All subsidised fertilisers, including urea and DAP, will be sold under the single brand ‘Bharat’ from October. This move is aimed at ensuring...
Central banks should focus on fighting inflation, leaving...
- Aug 27, 2022
Rising inflation globally has brought the role of central banks under sharp scrutiny with many experts pointing to their failure in reading the exact...
