Reporter News - IBJ Bureau
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...
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...
