Reporter News - IBJ Bureau
July CPI inflation plunges to 3.54% on a high base effect...
- Aug 13, 2024
Retail inflation in July eased to 3.54 per cent, marking a sharp decline after it rose in the previous month. With this, retail inflation has fallen...
AT THE HELM - Challa SreenivasUlu Setty, Chairman, SBI
- Aug 05, 2024
A young boy from a village in present-day Telangana learns all the nuances of lending money and recovering it even as he is picking up elementary...
AT THE HELM - Srinivas Pallia, MD &CEO, Wipro
- Jun 03, 2024
Wipro is returning to its roots to steer itself through stormy times. The fourth-largest Indian software services company has roped in a veteran...
Abhijit Chakravorty, MD and CEO, SBI Cards and Payment...
- Oct 06, 2023
Number of credit cards has been steadily rising in the country. There were over 8.6 crore credit cards outstanding as of April 2023, according to...
Chief Minister Yogi Adityanath is transforming Uttar...
- Sep 29, 2023
Uttar Pradesh is a State that presents immense possibilities in various sectors, including infrastructure, road, metro, air connectivity,...
AT THE HELM - Sandeep Goyal, Chairman, Rediffusion
- Sep 05, 2023
It is not often that an employee ends up buying a company where he worked earlier. Sandeep Goyal accomplished that rare feat when his Mogae...
AT THE HELM - Linda Yaccarino, CEO, Twitter
- Aug 05, 2023
New chief executives may have taken charge of a job as challenging as Linda Yaccarino’s. The 59-year-old media veteran, who assumed the office of...
AT THE HELM - Ravneet Kaur, Chairperson, CCI
- Jul 05, 2023
In May this year, Ravneet Kaur took charge as the first, full-time, woman chairperson of the Competition Commission of India (CCI). The...
AT THE HELM - Ajaypal Singh Banga, President, World Bank
- Jun 06, 2023
Early in May, Ajaypal Singh Banga, better known as Ajay Banga, created history after being unanimously elected the president of the World Bank. The...
AT THE HELM - Pieter Elbers , CEO, IndiGo Airlines.
- May 06, 2023
It is a little over six months since Petrus Johannes Theodorus Elbers – better known as Pieter Elbers – took over as CEO of IndiGo Airlines....
AT THE HELM - Rohit Jawa, MD and CEO, Hindustan Unilever
- Apr 06, 2023
Rohit Jawa is all set to take over as MD and CEO of Hindustan Unilever (HUL) on June 27. Mr Jawa will succeed Sanjiv Mehta, who will retire as...
AT THE HLEM - Neal Mohan, CEO, YouTube
- Mar 06, 2023
Neal Mohan, a YouTube insider, is the new CEO of the social media platform. The 49-year-old top executive, who was until recently YouTube’s chief...
The Plunging Rupee
- Jun 06, 2022
The rupee is in a free fall. The Indian currency is depreciating at a fast pace against the dollar. It has raced past a record low of Rs 77.7...
L&T Finance mulls exiting real estate lending, keen on...
- May 03, 2022
L&T Finance was exploring “inorganic structures” to exit the real estate projects lending business or at least reduce its exposure in the...
More than 45 crore – population of US and Russia combined...
- Apr 26, 2022
India’s job creation problem is morphing into a greater threat: A growing number of people are no longer even looking for work. Frustrated at...
Government may sell 3.5% stake in LIC, IPO likely to fetch...
- Apr 24, 2022
The government is likely to sell a 3.5 per cent stake in Life Insurance Corporation of India (LIC) through an initial public offer (IPO). The IPO...
NITI Aayog issues draft battery-swapping policy; phase-I...
- Apr 22, 2022
Government think-tank NITI Aayog on Thursday released a draft battery-swapping policy, under which all metropolitan cities with population above 40...
Anil Agarwal’s advice to govt: Corporatise and divest,...
- Apr 22, 2022
Vedanta Group Chairman Anil Agarwal on Thursday suggested that the government could earn more money by share sales and incremental profit if it...
Nissan slams the brakes on Datsun in India as sales of the...
- Apr 21, 2022
Japanese auto major Nissan on Wednesday said that it was discontinuing Datsun brand in India. The decision comes nine years after the company had...
Liquidity set to tighten over a few months amid rising...
- Apr 20, 2022
Financial conditions were going to tighten in the country over the next few months due to the likely increase in capital outflows, driven by rising...
With a tally of 1.67 lakhs, highest-ever number of...
- Apr 19, 2022
More than 1.67 lakh companies were incorporated or registered by the Ministry of Corporate Affairs in 2021-22 compared to 1.55 lakh companies...
Be prepared for blackouts across India amid rising power...
- Apr 17, 2022
India faces a persistent shortage of electricity over the next four months as rapid demand growth from air conditioners and refrigeration loads...
Egypt gives nod for wheat import from India, set to buy 1...
- Apr 16, 2022
Commerce and Industry Minister Piyush Goyal on Friday said that Egypt, which is one of the largest importers of wheat from Ukraine and Russia, had...
Mobile retailers’ body accuses online platforms of...
- Apr 16, 2022
A leading mobile retailers’ body has claimed that “unethical and monopolistic business practices” of online sales platforms are...
After snaring them in debt, China now reluctant to bail out...
- Apr 15, 2022
Over the past few years, the US has accused China of using “debt diplomacy” to make developing nations across the world more dependent on...
Bullet train trials in Gujarat to be held at a speed of 350...
- Apr 14, 2022
Trials of bullet train would be conducted at a speed of 350 km per hour (kmph), comparable to the take-off speed of airplanes, officials said on...
Salil Parekh reveals that Infosys will not work with...
- Apr 14, 2022
Infosys CEO and MD Salil Parekh said on Wednesday that the company would not work with any Russian clients. “We work with no Russian clients,...
CPI inflation for March shoots up by 6.95%, mainly...
- Apr 13, 2022
Consumer price-based inflation jumped to 6.95 per cent in March, mainly on account of costlier food items, according to government data released on...
At $30.3 billion, M&As in January-March 2022 soar to a...
- Apr 12, 2022
Mergers and acquisitions (M&As) started off on a strong footing, hitting a four-year high at $30.3 billion in the first quarter of 2022. They...
TRAI slashes prices of spectrum in various bands, including...
- Apr 11, 2022
The Telecom Regulatory Authority of India (TRAI) on Monday recommended about 39 per cent reduction in the reserve or floor price for sale of spectrum...
Airbus delivers three times more aircraft than Boeing’s...
- Apr 08, 2022
Recent challenges around safety concerns and impact of Coronavirus have resulted in American aircraft manufacturer Boeing losing ground to Airbus....
“Economic recovery, govt’s focus on capex and domestic...
- Apr 08, 2022
As we step into FY23, the next two quarters are going to see a sharp margin impact, and corporate commentaries will worsen before they get better....
RBI keeps policy rates untouched, introduces SDF, assures...
- Apr 08, 2022
The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate, the Repo Rate – the rate at which the RBI lends to banks – unchanged...
Bandhan Bank-led consortium to buy IDFC AMC & IDFC Trustee...
- Apr 07, 2022
Bandhan Financial Holding-led consortium had entered into a definitive agreement to acquire IDFC Asset Management Company (AMC) and IDFC AMC Trustee...
Amul MD R S Sodhi hints at further hike in prices of milk...
- Apr 06, 2022
Dairy cooperative Amul feels that prices will remain “firm” going forward due to increased pressure from energy, logistics and packaging...
HDFC, HDFC Bank merger set to create India’s...
- Apr 05, 2022
HDFC Bank, the country’s most valuable lender, on Monday agreed to take over the country’s largest mortgage lender, HDFC, in a $40 billion deal....
AT THE HELM: SEBI Chairperson Madhabi Puri Buch
- Apr 03, 2022
Madhabi Puri Buch’s recent appointment as chairperson of the Securities and Exchange Board of India (SEBI) is quite refreshing. It is certainly...
Indian Railways clocks record freight loading of 1,418.1 mt...
- Apr 03, 2022
Indian Railways achieved its highest-ever freight loading in the financial year 2021-22, it said on Saturday. The national transporter loaded 1,418.1...
Interest rates on small savings schemes for June 2022...
- Apr 01, 2022
The government has yet again decided to keep the interest rates unchanged on small savings schemes and post office schemes. For the first quarter of...
Axis Bank to buy Citi’s consumer businesses for $1.6 bn,...
- Mar 31, 2022
Axis Bank will acquire Citi’s consumer businesses in India for approximately $1.6 billion, Citi has announced in a press release.The transaction...
20 lakh cheques of about Rs 18,000 crore stuck at clearance...
- Mar 29, 2022
Bankng services were impacted partially for the second day on Tuesday as a section of bank employees came in support of the nationwide strike called...
Emerging markets, including India, shrug off adverse impact...
- Mar 28, 2022
The long-anticipated interest rate hike by the Federal Reserve System (US Fed) finally happened this month. In mid-March, the US central bank...
Anil Ambani quits as director of RPower, RInfra after SEBI...
- Mar 26, 2022
Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power (RPower) and Reliance Infrastructure (RInfra), following markets...
Financial advisory firm asks investors to review portfolios...
- Mar 25, 2022
With global recession looking increasingly likely this year, investors should review their portfolios sooner rather than later to mitigate avoidable...
Ten richest Russians lose over $45 billion of net worth in...
- Mar 25, 2022
The impact of Russia’s invasion of Ukraine is now reflecting in the net worth of the country's elite businesspeople known to control vast fortunes....
India reaches $400-billion export target in FY22 for the...
- Mar 24, 2022
India achieved its target of reaching $400 billion from exports in the current financial year on Wednesday – a first-of-its-kind record...
Asian nations, especially China & India, find ways to...
- Mar 23, 2022
Millions of barrels of Russian oil are still finding a way to buyers almost a month after the country first invaded Ukraine. This has tempered...
Hotel bookings for March-May 2022 cross pre-pandemic...
- Mar 23, 2022
Hotel bookings for the March-May period this year had surpassed the pre-pandemic levels of the same period of 2019, led by strong domestic demand,...
RBI chief assures of ample liquidity as central bank gears...
- Mar 22, 2022
The Reserve Bank of India (RBI) would ensure abundant liquidity in the market for the credit system to function normally, Governor Shaktikanta Das...
Japanese PM Fumio Kishida announces $42-billion investment...
- Mar 20, 2022
Japanese Prime Minister Fumio Kishida on Saturday announced a 5 trillion yen ($42 billion) investment in India over the next five years during a...
Reliance set to refuse discounted Russian crude oil amid...
- Mar 18, 2022
Reliance Industries, the operator of the world’s biggest refining complex, might avoid buying Russian fuels for its plants, following Western...
Russia-Ukraine war set to hamper Indian banks’ growth,...
- Mar 17, 2022
Indian banks might face some headwinds from the Russia-Ukraine crisis, which could lead to higher inflation and some stress for borrowers, S&P...
Government closely watching crude oil prices and will...
- Mar 16, 2022
Minister of State for Finance Pankaj Chaudhary on Tuesday told the Rajya Sabha that the government was working towards making calibrated...
Banks recover over Rs 7.34 lakh crore of NPAs in the past...
- Mar 16, 2022
Banks recovered over Rs 7.34 lakh crore in the past six years and the first six months of the current financial year, the government said in...
CPI inflation for February spurts to 6.07%, remains above...
- Mar 15, 2022
Retail inflation surged to 6.07 per cent in February, over and above the Reserve Bank of India’s (RBI) threshold of 6 per cent, data released by...
Government expands definition of real estate under FDI...
- Mar 14, 2022
The government on Monday widened the meaning of real estate business under the foreign direct investment (FDI) policy. It now includes dealing in...
Cairn lines up $4 billion to triple oil and gas production...
- Mar 12, 2022
Cairn Oil & Gas, a unit of Vedanta, will spend as much as $4 billion over the next three years to more than triple its production as high prices...
79 power sector norms eased by government in 2021 to...
- Mar 12, 2022
The government in 2021 eased 79 “burdensome” compliances of the power sector under the Ease of Doing Business-Reducing Compliance Burden...
FIIs sell $2-bn stocks in 2 days as oil boils, but domestic...
- Mar 11, 2022
India’s $3.2-trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in...
Reliance sends notices to scrap sub-leases of 950 Future...
- Mar 11, 2022
In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani’s Reliance Retail has slapped notices on...
India second-largest global VC investment hub with 175%...
- Mar 10, 2022
India is the second-largest global venture capital (VC) investment hub for digital shopping companies, growing by a whopping 175 per cent from $8...
Russia-Ukraine War set to deeply impact Indian economy,...
- Mar 09, 2022
India is likely to rank among the worst affected emerging economies by the Russia-Ukraine crisis as a surge in global prices of commodities is set to...
Two years later, regular international flights to resume...
- Mar 09, 2022
After a two-year hiatus, India would resume regular international flights from March 27, the Ministry of Civil Aviation (MoCA) said on...
IIT Kharagpur’s Global Entrepreneurship Summit 2022 to...
- Mar 08, 2022
Global Entrepreneurship Summit (GES) is E-Cell IIT Kharagpur’s annual flagship initiative and one of the biggest inter-collegiate corporate...
Breather for Vijay Mallya as UK court permits family to...
- Mar 08, 2022
Family of Vijay Mallya will be able to hold on to their plush London home after a UK court ruled that refinancing of a loan by a family trust firm...
Finance Ministry to watch revenue receipts and expenditure...
- Mar 05, 2022
Keen to keep government deficit within stated targets, the Finance Ministry will start daily monitoring of revenue receipts, including tax...
CBDT accuses Huawei of cooking accounts books to save...
- Mar 04, 2022
The Income Tax (I-T) Department had found alleged manipulation of account books for reducing taxable income in India by Chinese telecom company...
“Gujarat Can Be India’s Leading IT Hub”: Sachin...
- Mar 03, 2022
Gujarat recently unveiled a new information technology (IT) policy – IT/ITeS Policy 2022-27 – which aims to transform the State into a major IT...
Pride Group of Hotels expands its presence in Gujarat with...
- Mar 02, 2022
Pride Group of Hotels is rapidly expanding in the Gujarat market with signing of two new properties – Pride Biznotel Gir and Pride Divine Resort...
Will banning Russia from SWIFT payment system really impact...
- Mar 01, 2022
The US, the European Union (EU) and their other Western allies have decided to disconnect Russia from the SWIFT global payment system. This is an...
Q3 GDP grows by 5.4%; economic growth for FY22 estimated at...
- Mar 01, 2022
India’s Gross Domestic Product (GDP) for the October-December 2021 quarter (Q3) grew by 5.4 per cent. GDP for the entire financial year of 2021-22...
Madhabi Puri Buch, former ICICI Securities chief, becomes...
- Feb 28, 2022
Madhabi Puri Buch has been appointed the new chairperson of market regulator SEBI, the first woman to head the market regulatory watchdog. Ms Buch,...
Natarajan Chandrasekaran: The Marathon Man’s second stint...
- Feb 27, 2022
In the early 1980s, a young man graduated in applied sciences from Coimbatore Institute of Technology. Soon after, the bright student returned home...
Sanctions-hit Russian economy may gradually crumble, note...
- Feb 26, 2022
Russia has spent the past seven years building up formidable financial defences. Yet in the long run, its economy is unlikely to withstand the...
Russian attack on Ukraine unsettles markets, Sensex, Nifty...
- Feb 24, 2022
Equity benchmark Sensex crashed over 2,700 points on Thursday following a severe sell-off in global markets after Russia launched a military...
Smartphone users to hit 100 crore by 2026, with rural India...
- Feb 23, 2022
India would have 1 billion (100 crore) smartphone users by 2026, with rural areas driving the sale of internet-enabled phones, a Deloitte study said...
BharatPe sacks Ashneer Grover’s wife Madhuri Jain for...
- Feb 23, 2022
In a first big jolt to Ashneer Grover, BharatPe has terminated the services of his wife Madhuri Jain Grover, the head of controls of the fintech...
Investigation into NSE’s co-location case shifts to...
- Feb 22, 2022
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse...
IDFC FIRST Bank chief gifts over Rs 3.95-crore shares to...
- Feb 21, 2022
IDFC FIRST Bank MD and CEO V Vaidyanathan has gifted 9 lakh shares of the bank held by him worth over Rs 3.95 crore to five individuals, including...
India, UAE ink FTA; bilateral trade between the two to...
- Feb 19, 2022
India and the UAE on Friday signed a free trade agreement (FTA) to give a fillip to bilateral trade and economic ties. The agreement, dubbed as...
“Come to Bihar fearlessly, invest and set up...
- Feb 18, 2022
Bihar’s Industry Minister Syed Shahnawaz Hussain said recently that there was no Inspector Raj in the State. Mr Hussain added that instead there...
I-T raids premises of ex-NSE MD Ramakrishna & former NSE...
- Feb 18, 2022
The Income Tax (I-T) Department on Thursday raided the premises of former Nattional Stock Exchange (NSE) MD and CEO Chitra Ramkrishna and Group...
Housing society built by NBCC unsafe, residents of over 700...
- Feb 17, 2022
A housing society with over 700 flats in Gurugram, constructed by the State-owned NBCC India, will be demolished after it has been declared unsafe...
Tata Sons chief Chandrasekaran charts out plans for Air...
- Feb 17, 2022
The Tata Group would make Air India financially fit, upgrade aircraft, bring in new fleet and make it the most technologically advanced airline...
Exports in January expand by 25.28% to $34.50 billion;...
- Feb 16, 2022
India’s exports in January rose by 25.28 per cent to $34.50 billion on account of healthy performance by sectors such as engineering, petroleum and...
India Inc gets a breather as SEBI makes separation of...
- Feb 16, 2022
In a significant move, markets watchdog SEBI on Tuesday decided to implement the requirement to separate the positions of chairperson and managing...
Retail inflation spurts to 7-month high of 6.01%, breaches...
- Feb 15, 2022
Retail inflation rose to 6.01 per cent in January on an annual basis and breached the RBI’s upper tolerance level. The rise in inflation was mainly...
LIC files draft papers with SEBI for IPO, set to mop up...
- Feb 14, 2022
Insurance behemoth Life Insurance Corporation of India (LIC) on Sunday filed draft papers with capital market regulator SEBI for the mega initial...
'Hamara Bajaj' no more: Outspoken industrialist Rahul Bajaj...
- Feb 13, 2022
Hamara Bajaj was the iconic jingle that resonated with aspirations of the middle class in a pre-liberalised India. And the man behind that brand...
After India exit plan, Ford mulls producing EVs in the...
- Feb 12, 2022
Ford Motor said on Friday that it was considering producing electric vehicles (EVs) in India for export and possibly for sale in the domestic market....
PFC’s consolidated nine-month net profit for FY22 soars...
- Feb 12, 2022
Power Finance Corporation (PFC) on Friday posted a 23 per cent rise in its consolidated net profit at Rs 14,483 crore for the nine months of FY22,...
RBI keeps policy rates unchanged, assures of accommodative...
- Feb 11, 2022
The Reserve Bank of India (RBI) on Thursday held its key lending rates steady at record-low levels for the 10th straight meeting to support a...
India's green energy capacity addition surges by 80% to 3.4...
- Feb 11, 2022
India's renewable energy capacity addition increased by 80 per cent to 3.4 gigawatts (gw) during the December 2021 quarter compared to a year ago,...
India got $339.55 billion FDI in the past five years
- Feb 10, 2022
India had received foreign direct investment (FDI) inflows worth $339.55 billion in the last five years, Union Minister of State for Commerce and...
On closer analysis, Union Budget’s much-touted FY23 capex...
- Feb 10, 2022
Amid FY23 Union Budget’s focus on investments, leading domestic credit rating agency CRISIL on Wednesday said that the capital expenditure (capex)...
Cut-off yield for State Development Loans surges sharply by...
- Feb 09, 2022
Ahead of the monetary policy announcement on Thursday, wherein the MPC is likely to begin liquidity tightening with a marginal Reverse Repo Rate...
SBI report calls for 20 bps rise in Reverse Repo Rate to...
- Feb 08, 2022
An SBI report has called for a 20 basis points (bps) increase in Reverse Repo Rate outside the Monetary Policy Committee ambit so that the Reserve...
All eyes are on the bad bank to deliver some good news
- Feb 07, 2022
The much talked-about bad bank is finally operational, with the Reserve Bank of India (RBI) giving its approval last month. National Asset...
BharatPe founders’ fight out in the open, Grover calls...
- Feb 05, 2022
A day after Ashneer Grover, an embattled co-founder of BharatPe, had sought removal of CEO Suhail Sameer from the board, the fintech startup’s...
Budget 2022-23 bets big on capex to drive economic growth;...
- Feb 02, 2022
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022-23 amid the shadow of COVID-19, which seemed to be weakening in its...
Alka Mittal, CMD, ONGC Ltd: First woman to head one of...
- Feb 01, 2022
The new year began on a grand note for Oil and Natural Gas Corporation (ONGC) on the gender parity front. New Delhi-headquartered ONGC named Alka...
Higher rise in inflation set to hamper growth, caution...
- Jan 30, 2022
Persistently high inflation will haunt the world economy this year, according to a Reuters’ poll of economists who trimmed their global...
Budget should focus more on boosting demand; sharp fiscal...
- Jan 29, 2022
A Wall Street brokerage has warned that any sudden and sharp fiscal consolidation steps in the upcoming Union Budget can throttle nascent and uneven...
First signs of slowing production cast their dark shadow on...
- Jan 28, 2022
India’s economic momentum remained stable in December even as the first signs of slowing output growth have appeared across some...
Air India flies back to the Tatas as govt hands over...
- Jan 27, 2022
The Tata Group on Thursday took over the ownership of national carrier Air India. “The strategic disinvestment transaction of Air India...
FabIndia lines up Rs 4,000-crore IPO, to gift over 7 lakh...
- Jan 24, 2022
Lifestyle retail brand FabIndia plans to raise up to Rs 4,000 crore through an initial public offer (IPO). In a novel approach, the company’s...
Prime Minister Narendra Modi praises Indian startups for...
- Jan 23, 2022
Applauding Indian startups for their performance in 2021, Prime Minister Narendra Modi on Saturday said that he was proud of the country’s startup...
India’s B2B spending to grow three times faster than that...
- Jan 22, 2022
The total business-to-business (B2B) spending in India is expected to rise by 10.3 per cent in 2022 with the expenditure of the country's businesses...
Vedanta Resources readying $10-bn fund to bid for BPCL and...
- Jan 21, 2022
Mining company Vedanta Resources planned to create a $10-billion fund to bid for assets, including the government’s stake in Bharat Petroleum...
IEA warns of a volatile crude oil market in 2022 as prices...
- Jan 20, 2022
Global oil market could face another volatile year, but demand was surging higher as the sector had weathered the impact of the Omicron Coronavirus...
UK court orders Vijay Mallya’s eviction from London home...
- Jan 19, 2022
Embattled businessman Vijay Mallya on Tuesday lost a legal battle to hold on to his plush London home after a British court refused to grant him a...
Supreme Court throws out appeal filed by Devas against...
- Jan 18, 2022
The Supreme Court on Monday junked an appeal filed by Devas Multimedia, challenging an order to wind up the company. A bench comprising, Justice...
Adani Wilmar slashes IPO size to Rs 3,600 crore from...
- Jan 15, 2022
Edible oil company Adani Wilmar (AWL) cut the size of its initial public offer (IPO) to Rs 3,600 crore from Rs 4,500 crore planned earlier, people...
RIL, M&M, Hyundai among 10 companies that submit bids under...
- Jan 15, 2022
Reliance Industries (RIL), Mahindra & Mahindra (M&M) and South Korea’s Hyundai Motor Co were among companies that had submitted bids under...
Over $3.2-billion suit slapped on Facebook in Britain for...
- Jan 14, 2022
Social media giant Facebook, now known as Meta Platforms, faces an over 2.3 billion pound (more than $3.2 billion) class action in Britain over...
CPI inflation for December shoots up by 5.59%; November IIP...
- Jan 13, 2022
The country’s retail inflation, which is measured by the Consumer Price Index (CPI), rose to a five-month high of 5.59 per cent in December....
Govt set to be the largest shareholder in VIL as telco opts...
- Jan 12, 2022
Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore of interest dues liability payable to the government into...
Why Every Grocery Store needs a Mobile Application?
- Jan 12, 2022
Ever wondered why people prefer shopping online? The simple answer is ‘Convenience.’ Shopping on the web offers the comfort of buying things when...
Nine sectors provide 3.10 crore jobs in September 2021...
- Jan 11, 2022
Total employment generated by nine select sectors stood at 3.10 crore in the July-September 2021 quarter, which was 2 lakh more than that of the...
FY22 GDP may grow by 9.2% amid surging COVID-19 cases,...
- Jan 08, 2022
The Indian economy remains on track to regain its position as the world’s fastest-growing major economy, according to official estimates released...
CCI orders probe into Google’s alleged breach of...
- Jan 08, 2022
The Competition Commission of India (CCI) on Friday ordered an investigation into Alphabet’s Google following allegations from news publishers,...
Distributors’ federation calls off boycott of Colgate’s...
- Jan 07, 2022
FMCG distributors on Thursday said that they had suspended their boycott of certain products of oral care-maker Colgate. The boycott came to an end...
RIL mops up $4 bn via dollar bonds, India’s largest-ever...
- Jan 07, 2022
Reliance Industries (RIL) said on Thursday that it had raised $4 billion by issuing US dollar bonds in three tranches, claiming it to be the...
Bharti Airtel scraps corporate restructuring plan, to merge...
- Jan 05, 2022
Bharti Airtel said that it had withdrawn a corporate restructuring plan announced last year as its existing set-up was optimal to leverage reforms...
In a first-ever, Alka Mittal given additional charge as CMD...
- Jan 04, 2022
Alka Mittal, the director of human resources of Oil and Natural Gas Corporation (ONGC), had been given the additional charge of chairman and managing...
Riding high on hopes in 2022, Pride Hotels targets to take...
- Jan 04, 2022
With current portfolio of 36 hotels, the Pride Group of Hotels is hoping to achieve the target of 50 properties nationally in 2022. In the last six...
Leena Nair, CEO, Chanel
- Jan 03, 2022
The long list of Indian origin executives heading global operations of multinational companies is getting longer. Leena Nair, who has adorned this...
“Going That Extra Mile Separates Us From The Rest”:...
- Jan 03, 2022
Suryakant Singh firmly believes that keeping his guests in good humour is the way to success in hospitality business. This basic tenet has been...
Taming A Red-Hot IPO Market
- Jan 03, 2022
The Securities and Exchange Board of India (SEBI) has unveiled a set of far-reaching norms to tighten the primary market. The market regulator has...
Commodity prices went through the roof in 2021, but...
- Jan 02, 2022
Commodities surged the most in over a decade in 2021 as a rebound in demand from pandemic lockdowns was met with constrained supplies, fuelling...
Core sector grows by 3.1% in November Y-o-Y, led by coal...
- Jan 01, 2022
Output of eight core sectors in November grew by 3.1 per cent year-on-year (Y-o-Y), according to data released on Friday. It had grown by 7.5 per...
CCI orders probe into Apple’s alleged anti-competitive...
- Jan 01, 2022
The Competition Commission of India (CCI) on Friday ordered an investigation into Apple’s business practices in the country, saying that it was of...
RBI extends KYC update of bank accounts to March 2022 amid...
- Dec 31, 2021
The Reserve Bank of India (RBI) on Thursday extended the mandatory requirement of updating know-your-customer (KYC) information periodically by three...
Gross NPA ratio of banks likely to shoot up to 9.5% by...
- Dec 30, 2021
The gross non-performing asset (GNPA) ratio of scheduled commercial banks (SCBs) was likely to increase to 9.5 per cent in September 2022 from 6.9...
Ambani hints at accelerating leadership transition process...
- Dec 29, 2021
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying that he wanted the process...
RBL Bank renews partnership with Bajaj Finance for...
- Dec 28, 2021
RBL Bank on Monday announced signing of agreement with Bajaj Finance for extension of partnership of co-branded credit cards for a period of five...
TikTok topples Google as the most popular website of 2021:...
- Dec 27, 2021
Popular short video-sharing platform TikTok has surpassed tech giant Google as the most popular website of the year, according to a report by IT...
India-China bilateral trade crosses $100 billion in 2021...
- Dec 25, 2021
India and China achieved a major milestone this year when their bilateral trade crossed the landmark figure of $100 billion. But it did not generate...
RBI puts off card tokenisation deadline by six months to...
- Dec 24, 2021
The Reserve Bank of India (RBI) on Thursday extended card tokenisation deadline by six months to June 30, 2022, amid requests from industry...
Retail sector the world over reinvents itself to overcome...
- Dec 23, 2021
When COVID-19 erupted 21 months ago and upended retailers around the world, it looked like just another chapter in the sad story of an industry’s...
Snapdeal jumps on the IPO bandwagon, files papers with SEBI...
- Dec 22, 2021
E-commerce platform Snapdeal has filed preliminary documents with markets regulator SEBI to raise funds through an initial public offer (IPO),...
Revival out of the question, COVID-infected hospitality...
- Dec 21, 2021
When the sun rises in 2022, the Indian hospitality industry will be waking up with prayers for survival. It will be desperately looking forward to...
Rising Omicron cases push indices in the red, Sensex...
- Dec 20, 2021
Benchmark indices ended lower for the second consecutive session on Monday, fearing a surge in cases of Omicron. The Sensex fell 1,189.73 points or...
CCI suspends Amazon’s deal with Future, fines Rs...
- Dec 18, 2021
The Competition Commission of India (CCI) on Friday suspended Amazon’s 2019 deal with the Future Group following a review of allegations that the...
Huge FII selloff, negative sentiments in global markets...
- Dec 18, 2021
Equity benchmark Sensex plummeted 889 points on Friday, weighed by an across-the-board selloff amid a negative trend in global markets and relentless...
Fourth round of commercial coal mining launched with 99...
- Dec 17, 2021
The government on Thursday launched the fourth round of auction of coal mines for commercial mining, under which 99 blocks had been put on sale. With...
US Fed unveils most hawkish policy, doubles pace of scaling...
- Dec 17, 2021
Federal Reserve officials have intensified their battle against the hottest inflation in a generation by shifting to end their asset-buying programme...
PFC enters pact to finance 350 electric buses in Uttar...
- Dec 16, 2021
PFC, a maharatna company and India's leading NBFC in the power sector, signed an agreement to lend Rs 275 crore for deployment of 350 electric...
A new scheme in the works to raise public funds for road...
- Dec 16, 2021
The government was working on a scheme to raise funds from the public at 6 per cent annual interest rate for road infrastructure projects, Union...
JioMart logs into WhatsApp to take on online rivals Amazon...
- Dec 15, 2021
Ordering groceries, vegetables and daily essentials is just a WhatsApp away. This is possible with billionaire Mukesh Ambani’s e-commerce platform,...
