Reporter News - IBJ Bureau
RECPDCL hands over two SPVs of transmission projects to...
- Feb 22, 2025
REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC, the Maharatna CPSU under the aegis of the Ministry of Power, has...
RBI’s draft paper proposes to scrap foreclosure charges...
- Feb 22, 2025
The RBI on Friday proposed to do away with foreclosure charges or pre-payment penalties charged by banks and other lenders on all floating rate...
Burmans take control of Religare after a long battle with...
- Feb 21, 2025
The Burman family has acquired control of Delhi-based financial services company Religare Enterprises (REL) and are designated as its promoters after...
US SEC seeks assistance from Indian authorities to probe...
- Feb 20, 2025
The US Securities and Exchange Commission (SEC) has requested assistance from India’s Ministry of Law and Justice in its investigation of Gautam...
India, Qatar look to double bilateral trade to $28 bn in 5...
- Feb 19, 2025
India and Qatar are exploring the possibility of signing a free trade agreement (FTA) in future, and the two nations have set an aim of doubling...
India set to slash Import Duty further to avoid high...
- Feb 18, 2025
India’s top officials have said that they will continue to cut import taxes as the government looks to work around US President Donald Trump’s...
Women-centric insurance sales force portal Bima Vahak to go...
- Feb 17, 2025
Unveiling of the Insurance Regulatory and Development Authority of India’s (IRDAI) game-changing Bima Sugam may have been delayed. However, the...
New India Cooperative Bank GM Hitesh Mehta arrested for...
- Feb 16, 2025
The Mumbai police on Saturday arrested Hitesh Mehta, the general manager (GM) and head of accounts of New India Cooperative Bank, for allegedly...
Invest Karnataka Summit concludes with Rs 10.27 lakh crore...
- Feb 15, 2025
Karnataka has received proposals worth Rs 10.27 lakh crore in investments during the three-day Invest Karnataka Summit, which concluded in Bengaluru...
AT THE HELM - Sunil Vachani, Chairman, Dixon Technologies
- Feb 14, 2025
Early last December, Dixon Technologies teamed up with Vivo India, the Indian subsidiary of Chinese mobile phone company, to set up a joint...
Rashmi Saluja is no more director of Religare as she fails...
- Feb 14, 2025
Religare Enterprises on Thursday announced that Rashmi Saluja was no longer the director of the company. In a regulatory filing on Thursday, Religare...
HOT SEAT - Beauty, Brains & Grit - Kavita Kharayat...
- Feb 14, 2025
Kavita Kharayat is a trailblazing entrepreneur, devoted mother and second runner-up at Mrs India 2024. The co-founder of Contify – a market...
RBI lifts curbs on Kotak Mahidra Bank, lets it to issue new...
- Feb 13, 2025
After more than nine months of imposing severe business restrictions on Kotak Mahindra Bank because of concerns on the technology front, the Reserve...
Government using 99% of borrowing for capital expenditure...
- Feb 12, 2025
The government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on...
Indian Railways seeks nuclear energy from NPCIL, Power...
- Feb 11, 2025
Indian Railways has approached Nuclear Power Corporation of India (NPCIL) and the Ministry of Power for allocation of nuclear energy to meet its...
Prestige Estates lines up Rs 30,000-crore housing projects,...
- Feb 10, 2025
Real estate company Prestige Estates Projects is planning to launch Rs 30,000-crore of housing projects this quarter across major cities to tap...
India’s pharmaceutical exports to touch $65 billion by...
- Feb 09, 2025
India’s pharmaceutical exports are expected to double to $65 billion by 2030 and touch $350 billion in value terms by 2047, becoming the world’s...
Hazoor Multi Projects bags NHAI’s Rs 67.16-crore contract...
- Feb 09, 2025
Hazoor Multi Projects Ltd (BSE: 532467), a leader in engineering, procurement and construction (EPC) contracting services, has announced that Letter...
RBI slashes Repo Rate by 25 basis points to 6.25% for the...
- Feb 08, 2025
The RBI’s Monetary Policy Committee (MPC) on Friday cut Repo Rate by 25 basis points to 6.25 per cent. The central bank’s rate cut for the first...
Union Cabinet approves new Income Tax Bill to be presented...
- Feb 08, 2025
The Union Cabinet on Friday approved a new Income Tax (I-T) Bill, which will replace the six decades old I-T Act, sources told the PTI. The...
ITC set to buy Prasuma in three tranches for greater...
- Feb 07, 2025
Diversified conglomerate ITC has signed definitive agreements to acquire a 100 per cent stake in Prasuma, a leading brand in the frozen, chilled and...
Nissan, Honda merger plan may unravel amid growing...
- Feb 06, 2025
Nissan looks set to step back from merger talks with rival Honda, two sources have said, calling into question a $60-billion tie-up to create the...
In a tit for tat, China initiates action against Google,...
- Feb 05, 2025
China has announced a wide range of measures, targeting US businesses, including Google, farm equipment-makers and the owner of fashion brand Calvin...
India’s slow pace of debt reduction poses downside risk...
- Feb 04, 2025
India’s pace of debt reduction is gradual, leaving room for downside risk to sovereign rating in the eventuality of a significant economic shock,...
Trump triggers trade war, slaps 25% duty on Canada, Mexico,...
- Feb 03, 2025
Asian stock markets slumped on Monday and European and US equity futures pointed sharply lower after US President Donald Trump’s tariffs on Canada,...
Budget showers big incentives on middle class, Income Tax...
- Feb 02, 2025
Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 on Saturday, outlining roadmap for economic growth, social welfare and...
Economic Survey 2025 estimates India's growth at 6.8% in...
- Feb 01, 2025
Finance Minister Nirmala Sitharaman tabled the Economic Survey 2025 in Parliament on Friday. The survey projects India’s GDP to grow in the range...
RBI tightens norms for imposing monetary penalties under...
- Jan 31, 2025
The Reserve Bank of India (RBI) on Thursday tightened norms for imposing monetary penalties and compounding offences under the Payment and Settlement...
Utkarsh Odisha Conclave gets 145 MoUs with Rs 12.89 lakh...
- Jan 30, 2025
The two-day Utkarsh Odisha Conclave has paved the way for signing of as many as 145 investment-related memorandums of understanding (MoUs) with Rs...
How Liang Wenfeng and his China-made AI model DeepSeek are...
- Jan 29, 2025
A Chinese-made artificial intelligence (AI) model called DeepSeek has shot to the top of Apple Store’s downloads, stunning investors and sinking...
RBI set to introduce many measures to inject liquidity in...
- Jan 28, 2025
The Reserve Bank of India (RBI) announced on Monday a host of measures to inject liquidity into the banking system, including bond purchases and...
How Messrs Subrahmanyan & Murthy’s hard work call is...
- Jan 27, 2025
S N Subrahmanyan is the latest to jump on the bandwagon of corporate chiefs urging Indians to work hard. With his 90-hour work week, the Larsen &...
UBS expanding GCC in Hyderabad with addition of 1,800 more...
- Jan 26, 2025
UBS, the Swiss banking major, will be expanding its global capability centre (GCC) in Hyderabad with an addition of 1,800 more employees over next...
At 3-gw capacity, Reliance’s data centre in Jamnagar set...
- Jan 25, 2025
Mukesh Ambani’s Reliance Group is set to build what might be the world’s biggest data centre by capacity in Jamnagar, Gujarat. This move comes...
AWS to invest $8.3 billion in Maharashtra to expand cloud...
- Jan 24, 2025
Amazon Web Services (AWS) plans to invest $8.3 billion into cloud infrastructure in the AWS Asia-Pacific (Mumbai) Region in Maharashtra to expand...
CBDT’s new rules exempt DTAA treaties prior to April 2017...
- Jan 23, 2025
The Central Board of Direct Taxes (CBDT) has clarified that investments made under treaties with Mauritius, Singapore and Cyprus will not face...
President Trump issues over 80 orders, gets US to exit from...
- Jan 22, 2025
US President Donald Trump returned to the White House on Monday (January 20), issuing a barrage of executive orders and repealing multiple directives...
Voltas, Blue Star among 24 companies selected for third...
- Jan 21, 2025
Voltas, Blue Star, Hindalco, Uno Minda and LG are among 24 companies that have been selected in the third round of Production-Linked Incentive (PLI)...
TikTok restores services after Donald Trump assures the app...
- Jan 20, 2025
TikTok began restoring its services on Sunday after President-Elect Donald Trump said that he would revive the app’s access in the US when he...
STT Global lines up Rs 3,500 crore for data centre in...
- Jan 19, 2025
STT Global Data Centres India has signed a memorandum of understanding (MoU) with the Telangana government to establish a state-of-the-art data...
Economy on the revival, boosted by higher demand, pick-up...
- Jan 18, 2025
The country’s economic growth is expected to rebound driven by higher domestic demand and revival in public capital expenditure (capex) on...
Home sales in top 8 cities drop by 26% in December 2024...
- Jan 17, 2025
Housing sales declined by 26 per cent to 1,06,038 units across eight major cities during the December quarter on lower demand mainly due to high...
DPIIT, ITC join hands to help startups with solutions in...
- Jan 16, 2025
The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC...
India’s insurance market to beat its G20 counterpart with...
- Jan 15, 2025
India’s insurance market is projected to be the G20’s fastest-growing economy over the next five years, with total premium volumes – life and...
Prime Minister Modi opens Z-Morh tunnel, a crucial 6.5-km...
- Jan 14, 2025
Prime Minister Narendra Modi inaugurated Z-Morh tunnel, a vital, all-weather tunnel, in Jammu and Kashmir (J&K) on Monday.Speaking after opening...
NCLAT’s nod to Indiabulls, Embassy Group merger after...
- Jan 13, 2025
In a major relief to Indiabulls Real Estate (IBREL) and the Embassy Group, appellate tribunal NCLAT has sanctioned the scheme of amalgamation to...
India adds a record 113% high 30 gw of renewable energy in...
- Jan 12, 2025
India logged a record-high renewable energy capacity addition of about 30 gw in 2024, 113 per cent higher than 13.75 gw recorded in 2023, according...
Supreme Court stays Rs 1.12-l cr GST demand against online...
- Jan 11, 2025
In a major relief to online gaming companies, the Supreme Court has stayed GST show-cause notices amounting to Rs 1.12 lakh crore against these...
Vodafone Idea gives nod to mop up Rs 1,909.95 crore from...
- Jan 10, 2025
Vodafone Idea has approved raising Rs 1,909.95 crore from promoters Omega Telecom Holdings and Usha Martin Telematics via preferential allotment.The...
BHEL starts two units of Punatsangchhu-II hydropower units...
- Jan 09, 2025
Bharat Heavy Electricals (BHEL) has commissioned two units of the 6x170 mw Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan.The project is...
GDP growth in FY25 estimated 6.4%, the lowest in the last...
- Jan 08, 2025
India’s growth in Gross Domestic Product (GDP) is estimated to be at 6.4 per cent in 2024-25 (FY25), the Ministry of Statistics and Programme...
US Steel, Nippon Steel file lawsuit against US...
- Jan 07, 2025
US Steel and Nippon Steel have filed a lawsuit against US President Joe Biden’s order that has blocked a $14.9-billion buyout of the American...
Microsoft to invest $80 billion in FY25 to develop AI data...
- Jan 06, 2025
Microsoft is planning to invest about $80 billion in financial year 2025 (FY25 – July to June) in developing data centres to train artificial...
AT THE HELM - Tuhin Kanta Pandey - Finance Secretary
- Jan 06, 2025
Tuhin Kanta Pandey is the busiest secretary in the Union government today. As the finance secretary – the office that he assumed last September...
Deadline for implementing Schedule M for small pharma units...
- Jan 05, 2025
In relief to thousands of micro, small and medium pharmaceutical units in the country, the Union Ministry of Health has taken steps to extend the...
Draft Digital Personal Data Protection Rules issued, no...
- Jan 04, 2025
The government has released the long-awaited draft of Digital Personal Data Protection Rules that do not mention any penal action for violations.The...
SEBI rejects settlement pleas by ZEEL, Punit Goenka,...
- Jan 03, 2025
The market regulator has rejected settlement applications filed by Zee Entertainment Enterprises (ZEEL) and ZEEL CEO Punit Goenka. The SEBI has said...
Manmohan Singh: A gentle giant whose economic reforms...
- Jan 02, 2025
Dr Manmohan Singh, who passed away last month, has left a lasting legacy. The former prime minister was a man of startling contrasts. He was...
Deadline for market share cap of digital payments firms...
- Jan 01, 2025
India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years. The move will benefit Google Pay...
RECPDCL hands over transmission project SPV in Rajasthan to...
- Jan 01, 2025
REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC, a Maharatna CPSU under the aegis of Ministry of Power, has handed...
Former US President Jimmy Carter, humanitarian and Nobel...
- Dec 31, 2024
Former US President Jimmy Carter has died, aged 100, the centre he founded has confirmed.The former peanut farmer lived longer than any president in...
Coal output hits record 998 mt in FY24, target for FY30 set...
- Dec 30, 2024
India achieved its highest-ever coal production of 997.826 million tonnes (mt) in the financial year 2023-24, reflecting remarkable 11.71 per cent...
Telcos hit by losing customers over tariff hikes and...
- Dec 29, 2024
The country’s private telecom operators (telcos) face twin challenges on investment recovery in the new year, with customers leaving their network...
Osamu Suzuki – the man who led global mini-car revolution...
- Dec 28, 2024
Osamu Suzuki, who ran Suzuki Motor Corp, known for its mini-cars and motorcycles, across several decades and drove the company’s global expansion,...
Dr Manmohan Singh – India’s 14th prime minister &...
- Dec 27, 2024
Former Prime Minister Dr Manmohan Singh died on Thursday. He was 92. Dr Singh was admitted to the emergency ward of Delhi’s All India Institute of...
Amit Shah launches 10,000 multi-purpose primary...
- Dec 26, 2024
Cooperation Minister Amit Shah launched 10,000 new multi-purpose primary agricultural cooperative societies (PACS) on Wednesday and asserted that the...
BPCL plans Rs 95,000-cr refinery and petrochemical complex...
- Dec 25, 2024
BPCL will set up a refinery and petrochemical complex in the east coast of Andhra Pradesh for an estimated cost of Rs 95,000 crore.“The pre-project...
Honda, Nissan confirm merger talks to deal with surging...
- Dec 24, 2024
Honda and Nissan are in talks to merge by 2026, they said on Monday. The merger is seen as a historic pivot for Japan’s auto industry that...
Party City files for bankruptcy again, to shut down retail,...
- Dec 23, 2024
WeParty City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for...
GST Council defers decision on tax on insurance premium,...
- Dec 22, 2024
The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, concluded on Saturday with several key...
SEBI issues uniform norms for bourses, clearing...
- Dec 21, 2024
The capital markets regulator has released a uniform policy for stock exchanges, clearing corporations and depositories for sharing data for...
Government puts out draft bill to make unregulated lending...
- Dec 20, 2024
The Union government has proposed a new bill to treat unregulated lending as a cognizable and non-bailable offence, with penalties including...
SEBI tightens SME listing norms, bars IPOs to repay loans...
- Dec 19, 2024
The Securities and Exchange Board of India (SEBI) has tightened regulatory framework for SME IPOs to allow only those entities that have an operating...
SEBI bars FPIs from issuing ODIs with derivatives as...
- Dec 18, 2024
Market regulator has barred foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying or...
E-waste rises by 72% in the past 5 years, with 21 types of...
- Dec 17, 2024
The country saw an increase of around 72 per cent in e-waste generated from electrical and electronic equipment (EEE) such as smartphones, computers,...
Dixon Technologies and Vivo join hands for manufacturing...
- Dec 16, 2024
Electronics contract manufacturer Dixon Technologies and Chinese mobile phone company Vivo will set up a joint venture for manufacturing electronic...
RBI raises collateral-free loan limit for farmers to Rs 2...
- Dec 15, 2024
The Reserve Bank of India (RBI) has enhanced collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025. This...
EPFO working to make provident fund withdrawal via ATMs in...
- Dec 14, 2024
Starting 2025, Employees’ Provident Fund Organisation (EPFO) subscribers will be able to withdraw their provident fund (PF) through ATMs, Labour...
SBI-led panel to list out new bad loan accounts for...
- Dec 13, 2024
A committee headed by State Bank of India (SBI) Chairman C S Setty will prepare a fresh list of bad loan accounts for transfer to the National Asset...
Jubilant Bhartia set to acquire 40% stake in Coca-Cola...
- Dec 12, 2024
The Jubilant Bhartia Group has said that it will buy a 40 per cent stake in Coca-Cola’s largest bottler in India, Hindustan Coca-Cola Beverages...
Reliance Power to set up new RE arm – Reliance NU Energies
- Dec 11, 2024
Reliance Power on Tuesday announced setting up its renewable energy business arm Reliance NU Energies. The company appointed Mayank Bansal as chief...
No extension for Das, RBI governor retires, Sanjay Malhotra...
- Dec 10, 2024
Career civil servant Sanjay Malhotra was appointed the Reserve Bank of India’s (RBI) new governor on Monday in a surprise move that leaves markets...
CII tells government not to be “overly aggressive” in...
- Dec 09, 2024
The Confederation of Indian Industry (CII) has urged the Centre not to be overly aggressive in cutting fiscal deficit in the upcoming Union Budget....
Paytm Singapore to sell its stake in Japan’s PayPay to...
- Dec 08, 2024
Fintech firm and owner of Paytm brand One97 Communications’ Singapore-based arm has approved the sale of its stock acquisition rights in Japan’s...
AT THE HELM - Debasish Panda - Chairman, Insurance...
- Dec 07, 2024
The country’s life and general insurers were overjoyed when Debasish Panda took over as chairman of the Insurance Regulatory and Development...
MANAGEMENT MANTRA - “Focus On Normal Profits, Not Super...
- Dec 07, 2024
Ravichandran Venkataraman wears many hats. He is the founder of Alive Consulting, a leading firm that specialises in leadership training, mentoring...
CEAT buys Camso’s OHT and track business from Michelin...
- Dec 07, 2024
Tyre-maker and RPG Group company CEAT has entered into a definitive agreement with Michelin to acquire its Camso brand’s off-highway tyres (OHT)...
RBI slashes CRR by 50 basis points to 4%, keeps Repo Rate...
- Dec 07, 2024
The Reserve Bank of India (RBI) on Friday kept its key interest rate unchanged citing inflation risks. But the central bank cut the Cash Reserve...
INTERVIEW - “Stay True To Your Vision” - Harneet Kour,...
- Dec 07, 2024
Harneet Kour inhabits two worlds quite effortlessly. As a young actress, she debuted in a Punjabi movie, Udeekan Teriyan, last year. She is also...
Google’s break-up very much on the agenda, reveals EU’s...
- Dec 06, 2024
A potential split of Google’s business is still under consideration, according to Teresa Ribera, the European Union’s (EU) new competition chief,...
Vodafone to sell 3% stake in Indus Towers, use sale...
- Dec 05, 2024
The Vodafone Group has announced that it is selling its entire remaining stake in Indus Towers. The divestment of 7.92 crore shares, equivalent to 3...
SEBI tells Trafiksol ITS Technologies to refund IPO money...
- Dec 04, 2024
The market regulator has stopped the IPO of Trafiksol ITS Technologies and asked the company to refund the money to investors.In an order issued on...
Volkswagen workers strike at nine plants in Germany,...
- Dec 03, 2024
Workers at nine Volkswagen (VW) car and component plants across Germany started two-hour strikes on Monday. The strikes bought assembly lines to a...
PM Internship Scheme postponed, review of results of pilot...
- Dec 02, 2024
The highly-anticipated rollout of the PM Internship Scheme, initially scheduled for December 2, has been postponed. While no new date has been set,...
Nepal says will not take loans, instead seeks grants to...
- Dec 01, 2024
Nepal on Saturday said that it was not in a position to take loans for projects under China’s Belt and Road Initiative (BRI) and that would instead...
Manufacturing, private consumption drag down GDP growth in...
- Nov 30, 2024
Economic growth slowed to a near two-year low of 5.4 per cent in the July-September quarter of this financial year. The subdued growth was mainly...
FTC starts major probe into Microsoft’s software...
- Nov 29, 2024
The US Federal Trade Commission (FTC) has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud...
RBI setting up a robust data analytics ecosystem to...
- Nov 28, 2024
The RBI is working towards creating a robust data analytics ecosystem to support its supervisory functions, ensuring that the approach remains...
The world watches with bated breath, as Mr Trump is set to...
- Nov 27, 2024
On January 20, 2025, Donald Trump will assume office as the 47th president of the United States (US). Last month, Mr Trump, 78, swept to a...
Govt’s Rs 1,435-cr PAN 2.0 Project to turn PAN into...
- Nov 26, 2024
The government on Monday announced Rs 1,435-crore PAN 2.0 Project to make the Permanent Account Number a common business identifier for all digital...
COP29 ends with $300-bn climate package, India rejects it...
- Nov 25, 2024
India on Sunday fiercely rejected the paltry $300-billion climate finance package for the Global South and said that the COP29 presidency and the UN...
India, ASEAN move closer to having a relook at tariffs in...
- Nov 24, 2024
India and the Association of South-East Asian Nations (ASEAN) are inching towards initiating discussions on having a relook at tariffs or import...
Advent set to sell Manjushree Technopack to PAG, withdraws...
- Nov 23, 2024
US private equity firm Advent International has signed a deal to sell packaging company Manjushree Technopack to PAG for enterprise value of close to...
SEBI scraps 1% security deposit for companies floating...
- Nov 22, 2024
The SEBI has abolished requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing...
Dubai-based family offices controlling over $1 trillion in...
- Nov 21, 2024
Dubai’s financial hub is now home to family offices that control over $1 trillion in assets, driven by an influx of high net-worth individuals...
Adani Infra snaps up 30.07% stake in PSP Projects for Rs...
- Nov 20, 2024
Adani Infra will purchase a 30.07 per cent stake in construction firm PSP Projects for Rs 685 crore, the latter has said.Adani Infra, owned by a unit...
Urban unemployment rate for September FY25 quarter...
- Nov 19, 2024
Unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National...
More problems for Nvidia’s Blackwell AI chips with...
- Nov 18, 2024
Nvidia’s new Blackwell AI chips, which have already faced delays, have encountered problems with accompanying servers that overheat, causing some...
Invested $20 bn in manufacturing, eyeing first or second...
- Nov 17, 2024
The Aditya Birla Group had invested about $20 billion, mainly in manufacturing sector, as it looked to be among the top-two players across the...
Unilever to slash fewer jobs in Europe, restore some...
- Nov 16, 2024
Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its...
RBI Governor Das warns of inflation returning and growth...
- Nov 15, 2024
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday spoke about the central bankers’ perennial dilemma – doing ‘too little or too...
Swiggy gains 16.92% at close of its market debut as Sensex,...
- Nov 14, 2024
Swiggy gained 16.92 per cent at close on its market debut on Wednesday. The food tech unicorn bucked the broader market trend, with benchmark indices...
Costly food pushes CPI inflation up to 6.21% in October...
- Nov 13, 2024
Retail inflation breached the Reserve Bank of India’s upper tolerance level, soaring to a 14-month high of 6.21 per cent in October, mainly on...
RBI, SEBI unveil framework for reclassifying excess FPI...
- Nov 12, 2024
The Reserve Bank of India (RBI) on Monday issued an operational framework for reclassification of investment made by a foreign portfolio investor...
A new credit guarantee scheme for MSMEs set to be launched,...
- Nov 11, 2024
Union Finance and Corporate Minister Nirmala Sitharaman has said that the Ministry of Micro, Small and Medium Enterprises (MSMEs) will get...
Air India Express spreads wings, aims to reach 55...
- Nov 10, 2024
Air India Express is expanding its network and leveraging synergies within the Air India Group to enhance connectivity between smaller cities and...
LIC will decide on buying stake in health insurer in FY25:...
- Nov 09, 2024
Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the State-owned company will take a call on buying a stake in a...
ED raids Amazon, Flipkart sellers’ offices for allegedly...
- Nov 08, 2024
The Enforcement Directorate (ED) has conducted raids on sellers associated with Amazon and Walmart-owned Flipkart, targeting alleged violations of...
No immediate cut in interest rates for now as many risks...
- Nov 07, 2024
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that although the central bank had shifted towards a softer neutral monetary...
SEBI asks mutual funds to disclose expenses separately for...
- Nov 06, 2024
Mutual fund houses will now need to disclose expenses of direct and regular plans of a scheme separately.A circular issued on Tuesday, by the...
Haier eyes JV with JSW Group with an investment of Rs 1,000...
- Nov 05, 2024
The Haier Group, a leading Chinese appliances manufacturer, has plans to set up a joint venture with the JSW Group, envisaging a proposed investment...
PM-Jay scheme picks up the tab for over Rs 1.1-lakh crore...
- Nov 04, 2024
The Pradhan Mantri Jan Arogya Yojana (PM-JAY) has provided over Rs 1.1 lakh crore in free hospitalisation benefits to beneficiaries since its launch...
AT THE HELM - Noel Naval Tata - Chairman, Tata Trusts
- Nov 04, 2024
Noel Naval Tata would have become the chairman of Tata Sons, the holding company of Tata Group, way back in 2011. Ratan Tata, Noel Tata’s half...
ADB praises India’s fossil fuel subsidy reforms,...
- Nov 03, 2024
India has made significant progress on fossil fuel subsidy reform since 2010 through a well-planned “remove, target and shift” approach, says a...
At Rs 1.87 lakh crore in October, GST records...
- Nov 02, 2024
Gross Goods and Services Tax (GST) collection in October rose by 9 per cent to over Rs 1.87 lakh crore, the second-highest ever, on pick-up in...
Government taps rail route to transport onions across India...
- Nov 01, 2024
The government has said that about 840 tonnes of buffer onion has arrived via rail in Delhi’s Kishanganj railway station as a part of its...
Suzuki, Toyota expand partnership; Maruti Suzuki to supply...
- Oct 31, 2024
Japanese automaker Suzuki Motor’s Indian unit will supply its first-ever electric vehicle (EV) to Toyota Motor, the two companies have said in a...
Filing GST returns set to be time-barred after three years...
- Oct 30, 2024
Goods and Services Tax Network (GSTN) has said that beginning early next year, GST taxpayers will not be able to file monthly and annual GST returns...
Tata-Airbus’ Vadodara facility to make C295 military...
- Oct 29, 2024
In a major leap forward for India’s defence manufacturing capabilities, the Final Assembly Line (FAL) complex for the C295 aircraft of Tata...
Hindustan Zinc eyes $2-billion investment to double...
- Oct 28, 2024
Vedanta Group company Hindustan Zinc (HZL) plans to pump in up to $2 billion (around Rs 17,000 crore) to double its production capacity to 2 million...
Global economy headed for a soft landing, better days...
- Oct 27, 2024
A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union...
Waymo closes $5.6-bn funding round to expand autonomous...
- Oct 26, 2024
Alphabet’s self-driving unit, Waymo, has said that it has closed a $5.6-billion funding round led by the Google parent, as it looks to expand its...
Swiggy learnt to have slashed IPO valuation by 10-16% to...
- Oct 25, 2024
Food delivery company Swiggy is internally aiming for valuation of $12.5-13.5 billion for its upcoming IPO, cutting its target by 10-16 per cent due...
JLR launches innovation hub in Bengaluru to develop...
- Oct 24, 2024
Jaguar Land Rover (JLR) has launched an initiative in India to work closely with startups for developing the next generation of products and services...
Ambuja to acquire Orient Cement in market leadership battle...
- Oct 23, 2024
Ambuja Cements, India’s second-largest cement-maker, said on Tuesday that it would buy a nearly 47 per cent stake in rival Orient Cement for Rs...
India’s 500-gw green energy target may drown it in huge...
- Oct 21, 2024
The country's target of installing 500 gw of renewable energy by 2030 may push solar equipment import bill to about $30 billion per year and increase...
GoM calls for exempting GST on premiums for term life and...
- Oct 20, 2024
Goods and Services Tax (GST) on term life insurance premiums and premium paid by senior citizens for health cover is likely to be exempted from tax,...
JSW, Japan’s JFE Steel to jointly buy tkES India for Rs...
- Oct 19, 2024
JSW Steel on Friday said that it would acquire 100 per cent stake in Thyssenkrupp Electrical Steel India (tkES) jointly with Japan’s JFE Steel Corp...
Postal, banking and insurance leaders brainstorm at a...
- Oct 19, 2024
The Department of Posts, Maharashtra Circle, recently hosted the Last Mile Connect Conclave under the auspices of Chief Postmaster General Amitabh...
Byju’s worth zero today, says Raveendran; blames...
- Oct 18, 2024
Byju Raveendran, the founder of Byju’s, has blamed his investors for the edtech icon’s meltdown and throwing him under the bus. Mr Raveendran has...
PFC arm PIFIL gets nod to set up a company in IFSC GIFT...
- Oct 17, 2024
PFC Infra Finance IFSC (PIFIL), a wholly-owned subsidiary of Power Finance Corporation (PFC), has received approval from International Financial...
SEBI launches liquidity window facility for investors in...
- Oct 17, 2024
The SEBI on Wednesday introduced a liquidity window facility for investors in the debt securities through a stock exchange mechanism.The liquidity...
Samsung workers end over a month-long strike at Chennai...
- Oct 16, 2024
The workers’ strike at Samsung India’s plant near Chennai has been called off, after workers resolved the issues amicably and the management...
CPI-based retail inflation spikes to 5.49% in September,...
- Oct 15, 2024
Retail inflation has risen to 5.49 per cent in September from 3.65 per cent in August, according to the government data. Retail inflation, based on...
Tesla’s two-seater robotaxi – Cybercab – jeered by...
- Oct 14, 2024
Tesla’s revelation of a robotaxi designed as a low-slung, two-seater, sporty coupe – quite the opposite of a typical taxi with room for several...
Amid losses and employees’ strike, Boeing announces...
- Oct 13, 2024
Boeing will cut 17,000 jobs – 10 per cent of its global workforce – delay first deliveries of its 777X jet by a year and record $5 billion in...
Sudarshan Chemical to buy Heubach Group’s pigment...
- Oct 12, 2024
Pune-based Sudarshan Chemical Industries has signed a definitive agreement to acquire the global pigment business operations of Germany’s Heubach...
RBI tells ARCs to furnish loan data to credit bureaus in a...
- Oct 11, 2024
The Reserve Bank of India (RBI) on Thursday directed asset reconstruction companies (ARCs) to establish a standard operating procedure for providing...
RBI leaves Repo Rate unchanged at 6.5% for the tenth time...
- Oct 10, 2024
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has opted to maintain the key Repo Rate at 6.5 per cent for the 10th consecutive...
PepsiCo slashes 2024 sales as US consumers tighten their...
- Oct 09, 2024
PepsiCo cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on savoury snacks and sodas,...
