Reporter News - IBJ Bureau
Net-zero emission in mind, ONGC lines up Rs 1 lakh crore by...
- May 30, 2023
ONGC would invest Rs 1 lakh crore by 2030 on energy transition projects as it targeted net-zero carbon emissions by 2038, its chairman Arun Kumar...
384 infrastructure projects suffer cost overrun of Rs 4.66...
- May 29, 2023
Some 384 infrastructure projects were hit by cost overruns in the January-March quarter, while their individual estimated cost was hovering around Rs...
Prime Minister Narendra Modi appeals to States to be...
- May 28, 2023
Prime Minister Narendra Modi urged States to take “financially-prudent decisions” as top Central and State leaders gathered in New Delhi on...
Stuck in time and set against a bleak future, Germany...
- May 27, 2023
Germany’s Gross Domestic Product (GDP) contracted by 0.3 per cent for the January-March 2023 quarter when adjusted for price and calendar effects,...
About 3,600 IT workers lose jobs, thanks to global...
- May 26, 2023
Nearly 6 per cent of outsourced contract workers have lost jobs in India’s information technology (IT) sector in the January-March period compared...
Narayana Murthy’s Catamaran to double investments to $2...
- May 25, 2023
The money manager of billionaire Infosys founder Narayana Murthy will hire professionals and double its $1 billion in investments in the next five...
European Commission pleads court to get Apple to pay $14.3...
- May 24, 2023
EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros...
NCLAT upholds Go Air’s bankruptcy, leaving aircraft...
- May 23, 2023
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency proceedings against cash-strapped airline, Go First, in what seems to...
Post-Rs 2,000 note scrap plan, jewellers get more enquiries...
- May 22, 2023
Jewellers in India, the world’s second-largest gold consuming country after China, have started receiving more enquiries for purchase of gold or...
SEBI moots slashing time for listing of shares from six to...
- May 21, 2023
Capital markets regulator SEBI has proposed to reduce time taken for listing of shares on stock exchanges after closure of initial public offers...
Rs 2,000 banknotes to be withdrawn, can be exchanged by...
- May 20, 2023
The Reserve Bank of India (RBI) has decided to withdraw Rs 2,000 denomination banknotes from circulation and asked people to exchange or deposit them...
China’s unforgiving loan terms driving poor countries...
- May 19, 2023
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much...
Hinduja Group patriarch S P Hinduja passes away at 87 in...
- May 18, 2023
S P Hinduja, 87, the eldest of four Hinduja brothers and Hinduja Group chairman, died in London on Wednesday. He was unwell for some time, said the...
Banks seek more time from RBI for new loan provisioning...
- May 17, 2023
Banks have requested the RBI for one more year to implement the system of Expected Credit Loss (ECL) for provisioning of loans. At present, banks set...
Russia very keen on having more trade with India in local...
- May 16, 2023
India and Russia have been settling some of their non-oil trade in rupees since the beginning of this year, a top official of State-run lender UCO...
ONGC cancels bids for Daman gas project, citing high quotes
- May 15, 2023
State-owned Oil and Natural Gas Corporation (ONGC) has cancelled bids received for its Daman upside gas development project off the western coast due...
As US inflation slows down, Federal Reserve likely to pause...
- May 14, 2023
US inflation has showed more signs of moderating in April, giving the Federal Reserve room to pause interest rate increases soon.Key drivers of...
April CPI slides to 4.7% as food inflation eases; IIP...
- May 13, 2023
Consumer Price Index (CPI)-based inflation fell to 4.7 per cent in April, data from the Ministry of Statistics and Programme Implementation (MoSPI)...
Relief for Gameskraft as Karnataka High Court junks Rs...
- May 12, 2023
The Karnataka High Court on Thuursday quashed a GST notice for Rs 21,000 crore, slapped on Gameskraft, the firm behind RummyCulture. The notice...
McLeod Russel and IL&FS close to out-of-court settlement of...
- May 11, 2023
Bulk tea producer McLeod Russel India and financial services firm IL&FS Group, engaged in negotiations for an out-of-court settlement, may agree...
Foxconn buys 300 acres near Bengaluru for mobile phone plant
- May 10, 2023
Hon Hai Precision Industry has bought a 300-acre land for approximately Rs 300 crore in the Bengaluru rural district of Karnataka, filings with the...
Lessors seek deregistration of Go First’s 36 planes;...
- May 09, 2023
In less than week of cash-strapped Go First cancelling all its flights, lessors have sought deregistration of a total of 36 planes, with requests...
Paytm set to be free cashflow positive in near future: CEO...
- May 08, 2023
Payments firm Paytm aimed to become “free cashflow positive in the near future”, Chief Executive Vijay Shekhar Sharma said in a letter to...
Charles III crowned King of UK and 14 other realms in a...
- May 07, 2023
King Charles and Queen Camilla were crowned on a historic day of pageantry on Saturday, capped by cheering by crowds in front of Buckingham...
CBI raids old offices of Naresh Goyal, Jet Airways in Rs...
- May 06, 2023
Jet Airways founder Naresh Goyal and old offices of the airline were raided by the Central Bureau of Investigation (CBI) on Friday in connection with...
Follow KYC norms in cross-border and domestic wire...
- May 05, 2023
The Reserve Bank of India (RBI) on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire...
Former chief of Mastercard Ajay Banga elected World Bank...
- May 04, 2023
The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June...
Go First cancels flights, blames P&W for woes, files for...
- May 03, 2023
Go First on Tuesday filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi. The airline said...
Gross GST mop-up at Rs 1.87 l cr in April – highest-ever...
- May 02, 2023
The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since...
Vedanta Chairman Anil Agarwal unveils aggressive expansion...
- May 01, 2023
Mining mogul Anil Agarwal is pushing ahead with an aggressive plan to raise oil and gas production, expand output of metals like zinc and aluminium...
SoftBank’s Arm, likely to have filed for US IPO, set for...
- Apr 30, 2023
SoftBank Group Corp’s chip-maker Arm had filed with regulators confidentially for a US stock market listing, people familiar with the matter said...
Banks throw caution to the winds and make lower provision...
- Apr 29, 2023
India’s banks spent most of the last decade out in the wilderness as a punishment for lax underwriting standards on their corporate loans. Now,...
Godrej to buy Raymond Consumer’s FMCG business for Rs...
- Apr 28, 2023
Godrej Consumer Products on Thursday said that it had signed an agreement to acquire the FMCG business of Raymond Consumer Care for Rs 2,825...
At Rs 9,650 cr, Hinduja Group company highest bidder for...
- Apr 27, 2023
A Hinduja Group firm on Wednesday emerged the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second...
States’ capex rises by 11.9% in April-February FY23 due...
- Apr 26, 2023
The thrust given to capital expenditure (capex) by the Centre had encouraged the States to increase their capex, the Union Finance Ministry said on...
Ipca to buy 33.38% in Unichem for Rs 1,034 cr to move to...
- Apr 25, 2023
Ipca Laboratories will be buying a 33.38 per cent stake in Unichem Laboratories for Rs 1,034.06 crore, IPCA has said in a stock exchange...
GST officers tap data analytics to prevent tax evasion...
- Apr 24, 2023
Goods and Services Tax (GST) officers are using data analytics to ascertain if the entire supply chain in a particular sector is paying adequate GST,...
Urban unsold housing stock slips by 6% in January-March...
- Apr 23, 2023
Unsold housing stocks fell 6 per cent during January-March to nearly 5.18 lakh units across 14 cities compared to those of previous quarter on better...
US cities struggle to raise funds as shortage of...
- Apr 22, 2023
The municipality of Marion had planned to finance a new $10-million firehouse with a bond deal later this year. But that project and others are on...
LPG connections double to 31.26 crore in 9 nine years,...
- Apr 21, 2023
A record 17 crore new LPG connections helped double the cooking gas consumer base to 31.26 crore in the last nine years, ushering in clean fuel in...
Funds crunch, falling consumption spell doom for India’s...
- Apr 20, 2023
A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched...
Apple opens India’s first retail store in Mumbai’s...
- Apr 19, 2023
Iconic consumer technology company Apple’s first retail store in the country became operational in Mumbai on Tuesday with Chief Executive Tim Cook...
Indian Railways clocks 25% rise in FY23 revenue at Rs 2.40...
- Apr 18, 2023
Indian Railways on Monday posted a 25 per cent growth in its revenues to Rs 2.40 lakh crore for the financial year 2022-23 (FY23). This jump in...
CHEMEXCIL achieves $30 billion of exports for FY23
- Apr 17, 2023
CHEMEXCIL (Basic Chemicals, Cosmetics and Dyes Export Promotion Council) – set up by the Union Ministry of Commerce and Industry – clocked $30...
Pride Hotels launches Bhopal property, its third hotel in...
- Apr 17, 2023
Pride Hotels Group has added another landmark in central India with launch of Pride Hotel Bhopal. Conveniently located in the heart of the city, the...
Global regulators must focus immediate attention on crypto...
- Apr 16, 2023
Issues related to crypto assets require immediate attention, and the response of the G20 has to ensure that they do not lose any potential benefits...
Closing gender gap in farming can add $1 trillion to global...
- Apr 15, 2023
Eliminating discrimination against women in agriculture could increase the size of the world economy and reduce hunger at a time when a record 345...
Soaring milk prices may upset government’s inflation &...
- Apr 14, 2023
Milk is ubiquitous in India – from the morning glassful that most middle-class school kids glug to its use in Hindu religious rituals. Now, it...
CPI inflation for March drops to 5.66% below RBI’s...
- Apr 13, 2023
Retail inflation as measured by the Consumer Price Index (CPI) fell to 5.66 per cent in March, according to data from the Ministry of Statistics and...
IMD’s normal monsoon forecast bodes well for farm output,...
- Apr 12, 2023
India, which relies on rain for the vast share of its water, forecast that monsoon will be normal this year, potentially bolstering the outlook for...
India Ratings sees marginal rise in States’ capex in FY24...
- Apr 11, 2023
India Ratings on Monday said that share of combined capital expenditure (capex) of States in the Gross Domestic Product (GDP) might improve...
India Inc’s profits for Q4 of FY23 likely to be modest in...
- Apr 10, 2023
Corporate profits for the March 2023 (Q4 of FY23) quarter are expected to be modest with the year-on-year (y-o-y) growth in high single digits....
Temasek Holdings acquires 41% more stake in Manipal...
- Apr 09, 2023
Singapore government-owned fund Temasek Holdings has acquired leading hospital chain Manipal Hospitals by owning about 59 per cent stake, according...
Despite a fall in prices, food still remains costly across...
- Apr 08, 2023
World food prices were still high but had fallen by a fifth compared to a year ago when prices had soared to a monthly record high after Russia had...
New natural gas pricing formula gets nod; gas price to be...
- Apr 07, 2023
The Union Cabinet on Thursday approved a new formula for pricing of natural gas and imposed cap or ceiling price to rein in runaway prices of CNG and...
SEBI’s code of conduct for advertisements of investment...
- Apr 06, 2023
Markets regulator SEBI on Wednesday came out with an advertisement code for investment advisers and research analysts, whereby they have been...
Large deposits of lithium found in Andhra’s Anantapur a...
- Apr 05, 2023
Hyderabad-based National Geophysical Research Institute has found large deposits of 15 rare earth elements (REE) in Andhra Pradesh’s Anantapur...
SpiceJet spins off cargo and logistics business into...
- Apr 04, 2023
SpiceJet on Monday said that it had hived off its cargo and logistics business, SpiceXpress, into a separate entity – SpiceXpress and Logistics –...
India’s foreign trade likely to have surpassed $1.6...
- Apr 03, 2023
India’s foreign trade is expected to have crossed $1.6 trillion during the just-concluded financial year despite global economic uncertainties,...
March unemployment rate up at 7.80%, urban joblessness rate...
- Apr 02, 2023
Joblessness as measured by the CMIE Unemployment Rate rose to 7.8 per cent in March this year, marginally higher than 7.45 per cent registered in...
Defence Ministry inks pacts with shipyards to buy offshore...
- Mar 31, 2023
In line with the government’s vision of Aatmanirbhar Bharat, the Ministry of Defence on Thursday signed contracts with Indian shipyards for...
NCLAT upholds Rs 1,338-crore fine on Google, scraps CCI’s...
- Mar 30, 2023
An appellate tribunal on Wednesday handed out a mixed verdict on Google’s alleged anti-competitive practices in the Android mobile devise case –...
Blue Star launches around 75 models of air-conditioners
- Mar 29, 2023
Blue Star on Tuesday unveiled its new comprehensive range of air-conditioners (ACs) – including a ‘best-in-class affordable’ range and a...
RBI set to pause Repo Rate hike in April monetary policy...
- Mar 28, 2023
The Reserve Bank of India (RBI) is expected to pause its interest rate hike. The current 6.5 per cent Repo Rate could be the terminal rate for now,...
Paytm gets extension from RBI for a payment aggregator...
- Mar 27, 2023
Indian financial technology company Paytm Payments Services has received an extension from the country’s banking regulator to apply for a payment...
Vedanta seeks RBI’s approval to raise $1-billion bonds...
- Mar 26, 2023
Vedanta has reportedly sought approval from the Reserve Bank of India (RBI) to give guarantees for a $1-billion loan that it plans to raise via one...
NSE decides to roll back 6% hike in transaction charges in...
- Mar 25, 2023
National Stock Exchange (NSE) has decided to roll back the 6 per cent hike in transaction charges in the cash equities market and equity derivatives...
ONDC ties up with Bengaluru’s Namma Yatri, forays into...
- Mar 24, 2023
India’s open e-commerce network Open Network for Digital Commerce (ONDC) on Thursday marked its foray into the mobility sector, tying up with a...
IFC’s Rs 600-cr investment in M&M’s subsidiary NewCo to...
- Mar 23, 2023
World Bank arm IFC is investing Rs 600 crore in NewCo, which is a subsidiary of Mahindra & Mahindra (M&M). The investment aims to scale up...
RBI optimistic of India’s GDP growing in FY24 as rest of...
- Mar 22, 2023
Notwithstanding global slowdown and bank collapses in the US, a Reserve Bank of India (RBI) article on Tuesday took a sanguine view that Indian...
Credit Suisse-UBS merger costs Switzerland a third of its...
- Mar 21, 2023
Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in State and central bank support, a third of the...
Unknown firms’ tankers keep Russian oil flowing freely...
- Mar 20, 2023
At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on...
Govt, 27 companies sign 57 MoUs under PLI Scheme for...
- Mar 18, 2023
The Ministry of Steel on Friday signed 57 MoUs with 27 companies under the government’s Production-Linked Incentive (PLI) Scheme, particularly for...
Google’s “castle-and-moat strategy” killing...
- Mar 17, 2023
Fair trade regulator Competition Commission of India (CCI) on Thursday alleged that Google had created digital data hegemony and called for a market...
Bar Council permits foreign lawyers, law firms to practise...
- Mar 16, 2023
The Bar Council of India (BCI) has decided to permit foreign lawyers and law firms to practise in areas such as foreign law, international legal...
Lending rates set for a 150-bps jump in FY24 as banks’...
- Mar 15, 2023
Given a sharp rise in banks’ marginal cost of funds, the system-wide lending rates are set to shoot up by 100-150 basis points (bps) in the next...
Retail inflation for February drops marginally to 6.44% as...
- Mar 14, 2023
Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items, government...
Inflation set to lower in a year, notes Ashima Goyal,...
- Mar 13, 2023
Inflation was expected to come down over the year, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on Sunday. She asserted that the...
SVB’s crash set to spread the world over, startups...
- Mar 12, 2023
The fallout from the collapse of Silicon Valley Bank (SVB) is starting to spread around the world. SVB’s UK unit is set to be declared...
New PMLA rules bring politically-exposed persons under...
- Mar 11, 2023
The government amended rules under the anti-money laundering law on Friday, making it mandatory for banks and financial institutions to record...
US companies’ layoffs in January and February hit a...
- Mar 10, 2023
Layoffs by US companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over...
Rapid solar energy addition cannot avert likely surge in...
- Mar 09, 2023
India faces a high risk of night-time power cuts this summer and in coming years as delays in adding new coal-fired and hydropower capacity could...
Assam pitches itself as “most film tourism-friendly...
- Mar 08, 2023
Assam Tourism conducted a roadshow at the Grand Hyatt in Mumbai on Tuesday to promote Assam as the most film tourism-friendly State that fast-tracks...
Daily transactions via UPI rise by 50% to over 36 crore in...
- Mar 07, 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that payments through UPI (Unified Payment Interface) had grown exponentially in...
India’s per capita income doubles in 8 years, but gains...
- Mar 06, 2023
India’s per capita income in nominal terms has doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power. But uneven...
Govt not in a crazy rush to sell everything, will be in...
- Mar 05, 2023
The government was not in a “crazy rush” to sell everything, and it would continue to have presence in four strategic sectors, including telecom,...
“Never defaulted, and we won’t now”, stresses...
- Mar 04, 2023
Cash-strapped Pakistan’s Finance Minister Ishaq Dar on Friday said that his country had “never defaulted, and we won’t now” as it awaited a...
Pride launches India Dekho With Pride to promote offbeat...
- Mar 03, 2023
For every beautiful tourist destination in India, there is an equally attractive alternative that remains unexplored. Keeping this reality of Indian...
Apex court panel to probe alleged market norms violation by...
- Mar 03, 2023
The Supreme Court on Thursday set up a six-member expert committee “to investigate if there was a regulatory failure in dealing with the alleged...
A sober reading of Q3 numbers reveals that economic...
- Mar 02, 2023
The GDP numbers for the October-December 2022 quarter were subdued at 4.4 per cent. The latest growth figures put out by the NSO showed...
Q3 FY23 GDP growth slows down by 4.4%, dented by rate...
- Mar 01, 2023
The country’s Gross Domestic Product (GDP) for the October-December 2022 quarter moderated to 4.4 per cent, data shared by the Ministry of...
Finally, some relief for depositors as real interest rates...
- Feb 28, 2023
As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed...
India’s key priorities get strong support at G20 meet,...
- Feb 26, 2023
India’s G20 presidency had received strong support from all members on all key priorities, said Finance Minister Nirmala Sitharaman on Saturday at...
Air India on a hiring spree with plans to on-board 4,200...
- Feb 25, 2023
Tata Group-owned Air India is on the lookout for over 4,200 cabin crew and 900 pilots in 2023 as the airline adds new aircraft and rapidly expands...
Ex-Mastercard chief Ajay Banga set to be president of World...
- Feb 24, 2023
US President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank. Mr Biden lauded Mr...
Booming retail market buoys realty, 25 million sq ft of...
- Feb 23, 2023
Driven largely by rising consumption, rebound in Indian retail market had been exemplary in 2022 and was impacting retail real estate across the...
RBI lets travellers visiting India to make payments through...
- Feb 22, 2023
In-bound travellers visiting India could now make local payments using UPI while they were in the country, the Reserve Bank of India (RBI) said on...
Bharat Dynamics gets $255-mn export order after inking 10...
- Feb 21, 2023
Bharat Dynamics (BDL) on Monday said that it received an export order worth $255 million. It also said that the order would be executed, subject to...
Amid weak sentiment, mutual funds’ NFO mop-ups slip by...
- Feb 20, 2023
Mutual funds’ collection through new fund offers (NFOs) remained subdued in 2022, with asset management companies (AMCs) garnering over Rs 62,000...
States to get Rs 16,982 cr balance GST compensation; levy...
- Feb 19, 2023
Finance Minister Nirmala Sitharaman on Saturday announced that the GST Council had given its approval to clear Rs 16,982 crore of balance of...
RBI survey shows that bankers are “highly optimistic”...
- Feb 18, 2023
Bankers were “highly optimistic” about credit demand across all the main sectors in the short term, an RBI survey of lenders said on...
AT THE HELM - Sandhya Devanathan, Vice-President, Meta India
- Feb 17, 2023
Sandhya Devanathan has been promoted vice-president of Meta India. The new responsibility, which Ms Devanathan assumed on January 1, catapults her...
Central government looks to tap kirana stores to expand GST...
- Feb 17, 2023
The Union government is planning to widen its Goods and Services Tax (GST) by tapping a section of mom-and-pop or kirana stores, according...
Domestic aviation industry to fly high with 1,100 planes...
- Feb 16, 2023
The country’s airline industry is poised for expansion with more than 1,100 planes on order by various domestic carriers. After more than 17...
States’ borrowing costs rise by 5 basis points despite...
- Feb 15, 2023
The cost of market borrowings for States rose on Tuesday with the average pricing on their bonds rising by 5 basis points to 7.66 per cent despite...
January retail inflation soars to 6.52%, driven by costly...
- Feb 14, 2023
The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed on Monday.CPI...
UP Global Investors’ Summit concludes; garners investment...
- Feb 12, 2023
The three-day UP Global Investors’ Summit in Lucknow concluded on Sunday. The State had attracted investment proposals worth around Rs 33 lakh...
Factory output growth sequentially slows to 4.3% in...
- Feb 11, 2023
The country’s industrial production growth slipped to 4.3 per cent in December 2022 from 7.3 per cent in November 2022, mainly due to subdued...
Air India set to buy 250 aircraft from Airbus 16 years...
- Feb 10, 2023
Air India had finalised an order for around 250 aircraft with Airbus, and the deal was expected to be announced next week, a source said on Thursday....
RBI hikes Repo Rate by 25 bps to 6.5%, warns about high...
- Feb 09, 2023
The Reserve Bank of India (RBI) on Wednesday raised the Repo Rate — or the rate at which the central bank lends money to commercial banks or...
5G smartphone shipments surge by 74%, total mobile freight...
- Feb 08, 2023
Shipments of 5G smartphones spurted by 74 per cent in 2022 even as overall mobile phone shipments declined by 8 per cent in the year, CyberMedia...
Boeing announces 2,000 job cuts in finance and human...
- Feb 07, 2023
Boeing expected to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US...
Pride Hotels Group signs up two properties in Kanpur and...
- Feb 07, 2023
Pride Hotels Group has signed up two hotels – Pride Hotel Kanpur and Pride Biznotel Digha – which will soon be operational. The new property...
Adani Group crisis poses questions on future funding of...
- Feb 06, 2023
The crisis facing billionaire Gautam Adani has revealed a potential pitfall in India’s ambitious plan to reduce emissions: its reliance on the...
Byju’s sacks about 1,000 employees as cost-cutting...
- Feb 03, 2023
In a fresh round of layoff, unicorn edtech company Byju’s has reportedly fired another 1,000 employees from its engineering, sales and marketing...
Union Budget sticks to fiscal prudence, showers sops on new...
- Feb 02, 2023
Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in the Parliament on Wednesday, the NDA government’s last full Union Budget...
Economic Survey pegs FY23 real GDP growth at 7% and at 6.5%...
- Feb 01, 2023
The Economic Survey 2022-23, which was tabled by Finance Minister Nirmala Sitharaman in the Parliament on Tuesday, projected baseline GDP growth of...
Over 5 crore enrol under Atal Pension Yojana, women...
- Jan 31, 2023
The Pension Fund Regulatory & Development Authority (PFRDA) on Monday said that more than 5 crore people had enrolled under Atal Pension Yojana...
Over half of households surveyed across 309 districts...
- Jan 30, 2023
More than half of households in a survey conducted online across 309 districts expected a decline in their income by up to 25 per cent and dip in...
AP Moller-Maersk and MSC to drift apart after a decade-long...
- Jan 29, 2023
AP Moller-Maersk and Mediterranean Shipping Company (MSC), the world’s largest container lines, will end a partnership of pooling cargo on their...
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...
