Latest Updates
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 and logistics teams amid headwinds like slower...
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 before the country heads into general election...
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 11 per cent in nominal terms and 6.5 per cent in...
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 (APY), the flagship social security scheme of the...
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 savings, and were looking for relief in the coming...
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 vessels after a decade as their rivalry in global...
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 Investment and Public Asset Management (DIPAM) said on...
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 new hires would support its commercial aircraft...
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 engine on Android-based smartphones. Last...
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 Support Price (MSP) and purchases made from more States,...
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 Monday. Such securities would be counted as...
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 financial officer (CFO) has dismissed any debt...
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 fragmentation could cost up to 7 per cent of the...
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, that are older than 15 years will be de-registered...
KKCL’s Killer jeans will be the Official Sponsor of...
- Jan 20, 2023
KewalKiran Clothing (KKCL) – a leading retail company which owns brands like Killer, Integriti, Lawmanpg3, Easies and Desi Belle – has entered into a strategic...
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 headline consumer price rises have likely peaked,...
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 its Chief Economists’ Outlook Survey.At the...
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 2022. The decline in inflation rate is not only...
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 some cases in a bid to reduce fraud and tax...
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 was nearly double the amount recorded in 2019 or...
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, an increase of 12 per cent in one...
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 cutting expenses ahead of national elections in...
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 country, according to a report by the Financial...
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 Bank. “Multiple Expressions of Interest (EoIs) received for...
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 Seattle-headquartered e-commerce...
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 organisations should be used with caution. Private...
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 India (CCI) imposing a Rs 1,337-crore penalty on the...
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 the market dominance of its Android operating...
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 majority decision by Justices S Abdul Nazeer, B R...
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 Motors, as the companies rode on easing of...
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 merchandise trade deficit. In the same...
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, and efforts are likely to continue to further...
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 Wednesday. While the company was planning to...
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 fail to deposit the due tax by September 30, the...
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 Agriculture Ministry said on Monday. 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 and projection of healthy economic growth. The...
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 end of March next year would be rendered...
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 laundering case involving the bank and the Videocon...
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 definitive agreements to acquire 100 per cent equity...
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 20, 2023. The ban has been imposed on paddy...
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 its board meeting on Tuesday. The market regulator...
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 additional CISF manpower, have been taken to ease...
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 rupee an international currency. The overseas trade...
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 the monetary threshold for launching prosecution...
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 Rs 5,409 per gram of gold, the Reserve Bank of...
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 leadership, simplify its structure and add to...
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 cap from December 5 could hit supplies and choke...
SPIRITUAL CORNER - The Reality Of This World
- Dec 14, 2022
Dadashri: The world is the puzzle itself. Christians, Muslims and Hindus all say that God is the creator of this world. They are correct by their viewpoints but incorrect in fact. If you want to...
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, according to the government. Minister of State for...
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 Monday. Their views came hours after the official...
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 with Russia, Mauritius and Sri Lanka. The...
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 reopening will help support world growth.IMF Managing...
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 the Reuters, making it the latest casualty of a meltdown...
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 in the country, Union Telecom and Railway...
Getting The Pricing Right: Vijeta Soni, Co-Founder & CEO,...
- Dec 08, 2022
Vijeta Soni is very passionate about getting the pricing of everything right. So, in 2015, Ms Soni and a group of like-minded people came together and set up Sciative Solutions. Using...
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 extensively refurbished and is set to reopen soon....
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 its December 2022 meeting, continuing its fight...
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 slowdown over the coming year, according to...
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 telecom sector, Union minister for Communications...
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 online meeting on Sunday reflects the unpredictability...
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) shows. This was even as household debt as a share of GDP...
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 Raghuram Rajan, the former governor of the...
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 mining sectors, according to official...
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, Forest and Climate Change approved the environmental...
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 rates. It added that the strong loan growth should...
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 future taxpayers at a time when India needed to...
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 waiting with the metre on – have now reached around...
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 solvency margin that will unlock Rs 3,500 crore of...
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 profitable company – generating about $157...
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 officers have been forced to take voluntary...
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 harsh heat of moonlighting threatens to singe 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 starting in the world’s fifth-largest economy...
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 technology company, totalling Rs 2,274.44 crore. The...
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 total workforce to cut costs and turn profitable. This...
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 1, a TV report has said. The airline has also cut...
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 people with knowledge of the matter. India’s largest...
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 financial results. The Bengaluru-based company’s...
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 overseas trade in rupee, a top government official...
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 the GST purview. However, he added that the...
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 Russia-Ukraine war has led to supply chain...
Showcasing Craft: Sadaf Syed, Founder, Hands of Gold
- Nov 13, 2022
Sadaf Syed is a dynamic entrepreneur who has donned many hats. Based out of Srinagar and New Delhi, Ms Sayed started her first job with PR agency Ad Factors. Armed with a Master’s Programme in...
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 below the 6 per cent upper tolerance level for nine...
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 from his role as chief executive officer.The company...
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 Pradesh. The project has been secured at a tariff...
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 knowledge of the matter told the Reuters on Wednesday....
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 living conditions still harsher. The metropolis of...
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 (IPOs) expire, allowing billionaire backers,...
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 (Rs 4,060 crore), industry sources said. The...
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 “tariff correction” to support continued...
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 looking to make his $44-billion acquisition...
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 Mundra in Gujarat by Adani New Industries as a part...
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 Communist Party of China (CPC) elected Mr Jinping...
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 existing forms of return of income except...
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 the first round of layoffs, The Washington...
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, a government report has shown.In the road...
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 Technology (IT) rules was to make sure that the...
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 dividends or issue bonus shares, two sources said on...
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 driven by urbanisation and industrialisation, the...
Indo-Chinese bilateral trade surges past $100 billion in...
- Oct 27, 2022
Bilateral trade of India and China continued to boom, crossing $100 billion for the second year in the first nine months of 2022. India’s trade deficit climbed to over $75 billion, according to...
Rishi Sunak takes over as UK’s prime minister; all eyes...
- Oct 26, 2022
Rishi Sunak became Britain’s third prime in two months on Tuesday at a time when the UK faces what he has termed a “profound economic challenge”. Mr Sunak’s rise coincides with his...
One Nation, One Fertiliser scheme achieves little in...
- Oct 25, 2022
Fertiliser is the latest sector to be ensnared into the government’s one-nation obsession. In mid-October, Prime Minister Narendra Modi launched the One Nation, One Fertiliser scheme, which...
Shippers and tankers in chaos as EU’s Russian sanctions...
- Oct 24, 2022
A huge shadow fleet of tankers with unknown owners is amassed to serve Moscow’s interests. Intense diplomatic wrangling among US leaders to ease aggressive European Union (EU) sanctions has been...
SEBI bars Bombay Dyeing, Wadias from securities markets for...
- Oct 23, 2022
Bombay Dyeing and Manufacturing Company has been barred by the country’s capital market regulator from the securities markets for two years. The company, which is a part of the Wadia Group and...
RIL to demerge financial services business, list JFSL on...
- Oct 22, 2022
Mukesh Ambani’s Reliance Industries (RIL) on Friday said that it would demerge its financial services arm and list it on the stock exchanges. In a statement, the company said that...
A Brave New World: 5G services set to take India closer to...
- Oct 21, 2022
On October 1, Prime Minister Narendra Modi launched 5G mobile services in the country at the India Mobile Congress (IMC) in New Delhi’s Pragati Maidan. With this launch, India has joined a...
CCI orders probe against IREL for alleged pricing abuse
- Oct 20, 2022
The Competition Commission of India (CCI) has ordered a detailed probe against State-owned IREL for alleged abuse of its dominant position in supplying and pricing of beach sand ilmenite in the...
Microsoft’s third layoff this year leads to around 1,000...
- Oct 19, 2022
In keeping with the global trend of cutting jobs, tech giant Microsoft recently sacked nearly 1,000 employees across verticals. This is the third layoff by the company in recent times.According to...
Recession likely in 2023, opine 66% of Indian CEOs, 82%...
- Oct 18, 2022
Around 66 per cent of CEOs in India anticipate a recession in the next 12 months compared to 86 per cent CEOs globally, a private survey shows. Around 58 per cent of CEOs in India and globally feel...
SEBI’s new norms bring in transparency & rationality in...
- Oct 16, 2022
The Securities and Exchange Board of India’s (SEBI) new set of norms are aimed at bringing greater transparency into the capital market. The new rules – including tightening of disclosure...
Infosys declares Rs 9,300-crore share buyback, issues 10%...
- Oct 15, 2022
Infosys, the country’s second-largest IT services company, on Thursday announced a share buyback of Rs 9,300 crore via open market route for a price not exceeding Rs 1,850 per equity share.The...
ArcelorMittal Group bags Uttam Galva Steels through...
- Oct 14, 2022
The ArcelorMittal Group on Friday added another steel company to its portfolio. The Mumbai bench of National Company Law Tribunal (NCLT) approved the resolution plan submitted by an Indian arm of the...
September CPI inflation heats up to 7.41%, surging for nine...
- Oct 13, 2022
Retail inflation, measured by Consumer Price Index (CPI), rose to a five-month high of 7.41 per cent for September, up from 7.00 per cent in August. Separately, factory output, measured through the...
Spending 5% of GDP per year can ensure full employment,...
- Oct 12, 2022
The government needs to invest at least 5 per cent of GDP, or Rs 13.52 lakh crore, per year and enact a Right to Work legislation to ensure full employment in the country. These conclusions are drawn...
Former Fed chief Bernanke, Diamond &Dybvig win Nobel Prize...
- Oct 11, 2022
Ben S Bernanke, Douglas W Diamond and Philip H Dybvig won the 2022 Nobel Prize in Economics for research on banks and financial crises. The committee said that the three laureates had...
Data localisation among top issues in the way of India-UK...
- Oct 10, 2022
Data localisation and UK companies being allowed to bid for Indian government contracts were among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement...
Huge demand for technical due diligence in realty projects...
- Oct 09, 2022
With nearly $50 billion of investment in real estate since 2012, property consultant Colliers India has said that demand for technical due diligence of realty projects has increased as developers and...
RBI to start pilot project on digital rupee soon, issues...
- Oct 08, 2022
The Reserve Bank of India (RBI) on Friday said that it would soon commence a pilot launch of the digital rupee for specific use cases as it tests digital currency in India. The central bank released...
Facebook silently sharpening the axe to slash 12,000 of its...
- Oct 07, 2022
Meta is reportedly conducting “quiet layoffs” at Facebook that may lead to thousands of job cuts – at least 12,000 or about 15 per cent of its workforce. According to a report in...
“Multi-Tasking Is A Sham”: Mayank Jain, Co-Founder &...
- Oct 06, 2022
It was a tough choice for Mayank Jain years ago. There was a golden opportunity before young Mayank to pursue an MBA from one of the elite business schools. On the other hand was his father’s...
Digital Guru: Minal Anand, Founder & CEO, GuruQ
- Oct 06, 2022
Minal Anand has inherited her workaholic trait from her grandfather. At the same time, she draws inspiration from former PepsiCo chief Indra Nooyi’s work-life balance. So, the founder and CEO of...
RBI mulls scaling up AI and ML for effective supervision...
- Oct 06, 2022
The Reserve Bank of India (RBI) is planning to use advanced analytics, artificial intelligence (AI) and machine learning (ML) extensively to analyse its huge database and improve regulatory...
Weak rupee apart, low stock in vaults to turn gold costlier...
- Oct 05, 2022
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey and other markets where better premiums are offered, three bank officials and two...
Oil prices shoot up as OPEC+ members mull output cut by 1...
- Oct 04, 2022
Oil prices jumped by more than $4 on Monday as the Organization of the Petroleum Exporting Countries and its allies – known collectively as OPEC+ – considered reducing output by more than 1...
Windfall Profit Tax on locally-produced crude oil cut, levy...
- Oct 03, 2022
The government cut Windfall Profit Tax on locally-produced crude oil and diesel on Saturday in line with a fall in international rates. It also scrapped the levy on the export of jet fuel with effect...
Pain for rupee will linger longer as US Fed remains focused...
- Oct 02, 2022
The rupee plunged to a record low of 81.94 against the dollar last month. The Indian currency has slid by almost 9 per cent against the greenback in the nine months of 2022. The other major...
With 50 bps hike, Repo Rate at 5.90%; RBI cuts FY23 growth...
- Oct 01, 2022
The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points (bps) to 5.90 per cent. The rate hike is aimed at checking inflation, which has remained above the...
Rates of small savings schemes hiked to align with high...
- Sep 30, 2022
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy. With the revision, a three-year time...
Pride Group of Hotels adds another property with launch of...
- Sep 29, 2022
Pride Group of Hotels has added another landmark in Central India with launch of Pride Hotel Bhopal. Conveniently located in the heart of the city, the hotel is easily accessible to prominent tourist...
Jet Airways’ resumption hits an air pocket; airline yet...
- Sep 28, 2022
Jet Airways India, the carrier undergoing a court-monitored process to emerge from bankruptcy, will not return to the skies this month as previously planned, according to people familiar with the...
Foxconn’s Sriperumbudur unit to make iPhone 14 for Indian...
- Sep 27, 2022
Apple’s newest phone, iPhone 14, will be made in India as the global tech titan bets big on the manufacturing prowess of the world’s second-biggest smartphone market after China. Cupertino,...
Banks turn cautious in lending to education sector as NPAs...
- Sep 26, 2022
High defaults of about 8 per cent in education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category,...
OTT players rue telecom draft Bill, worry that it may kill...
- Sep 25, 2022
Draft telecommunication Bill has once again created a deep divide between telecom operators (telcos) and over-the-top (OTT) players over the move to bring the latter under a licensing framework. Such...
National Logistics Policy aims to slash logistical cost...
- Sep 24, 2022
India ultimately has a National Logistics Policy (NLP). Although the $200-billion logistics business sector has been crying for a robust policy for several years, it has got the policy only now. A...
Illicit trade in five industries costs exchequer Rs 58,521...
- Sep 23, 2022
The exchequer is estimated to have lost Rs 58,521 crore in taxes in 2019-20 due to illicit trade in goods in five key industries, including FMCG, mobile phone, tobacco products and alcohol, according...
Days after Premji’s warning, Wipro sacks 300 found to be...
- Sep 22, 2022
Wipro Chairman Rishad Premji on Wednesday said that the company had fired 300 employees who were found to be working for one of its competitors at the same time as working for Wipro. Mr Premji, a...
Rage Against Revdi: Debate on freebies overlooks larger...
- Sep 21, 2022
In the midst of the festival season, Prime Minister Narendra Modi got India hooked on to revdi. The revdi in question here was, of course, not the traditional sweet – a small cake of sugar or...
India paying double the price for LNG as Russian fuel flow...
- Sep 20, 2022
India has purchased some of the nation’s most expensive liquefied natural gas (LNG) shipments ever after vital Russian deliveries were cancelled.GAIL India has bought several LNG cargoes for...
75 Indian companies line up for PLI Scheme for speciality...
- Sep 19, 2022
The government has received around 75 applications from domestic players under the Productive-Linked Incentives (PLI) Scheme for speciality steel, according to an official.Applicants include all...
Prime Minister launches National Logistics Policy to...
- Sep 18, 2022
Prime Minister Narendra Modi launched National Logistics Policy in New Delhi on Saturday. Mr Modi said that the reform addressed challenges related to transport sector, speeded up last-mile delivery...
IRDAI’s new policy tries to make motor insurance...
- Sep 17, 2022
A new option in motor insurance brings good news for vehicle owners concerned with rising premium rates. This July, the Insurance Regulatory and Development Authority of India (IRDAI) permitted...
Government panel calls for a Central law and a regulatory...
- Sep 16, 2022
India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government...
India’s thermal coal imports now just a few million...
- Sep 15, 2022
India is fast catching up with China in its thermal coal imports, as the world’s two biggest overseas buyers of the power generation fuel adjust purchases to align them with the varying...
States’ borrowing cost slips by 6 bps to 7.46%; falls for...
- Sep 14, 2022
Borrowing cost for the States fell for the fourth consecutive week as weighted average cut-off eased by 6 basis points (bps) to 7.46 per cent at the weekly auctions on Tuesday. Ten States raised...
August retail inflation shoots up to 7%, factory output in...
- Sep 13, 2022
Retail inflation inched up to 7 per cent in August from 6.71 per cent in July mainly due to higher food prices, government data showed on Monday. The Consumer Price Index (CPI)-based inflation...
Rising digital payments point to higher consumption,...
- Sep 12, 2022
Rising credit card and Unified Payments Interface (UPI) payments indicated towards an increase in consumption amid recovery in economic activities with ebbing impact of COVID pandemic, said experts...
“India’s fiscal prudence has paid off, while West is...
- Sep 11, 2022
India’s prudent fiscal policy has paid off. On the other hand, US, UK and EU are facing a double whammy of unprecedented inflation and negative growth, points out a report by Morgan...
IRDAI makes it mandatory for dematerialisation of insurance...
- Sep 10, 2022
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to mandate dematerialisation of all new insurance policies by December this year in a bid to digitalise insurance...
Britain’s longest-serving monarch Queen Elizabeth II...
- Sep 09, 2022
Queen Elizabeth II, Britain’s longest serving monarch, died at 96 on Thursday. She had reigned for 70 years. The royal family – the queen’s son and heir Prince Charles, grandsons William...
Penance, Renunciation And Fasting
- Sep 08, 2022
Questioner: Are penance (tapa), vows (vrat) and disciplined rituals (niyam) necessary, or are they unnecessary?Dadashri: All the medicines that are available in a pharmacy are all necessary, but...
A Foodie & Techie Too: Harsha Parbat, Founder & CEO, AllFive
- Sep 08, 2022
Food and travel are Harsha Parbat’s passions in life. No wonder then that the versatile founder and CEO of AllFive has turned these passions into her career. Her company Allfive is a discovery...
“Keep Trying”: Piyush Raj Akhouri, Co-Founder,...
- Sep 08, 2022
When an engineer employs principles of management in his business, the result will often turn out to be a grand success. An engineer is trained to think and act logically and innovate...
Indian airlines likely to record Rs 15,000-17,000-cr loss...
- Sep 08, 2022
Domestic airline industry was expected to report a net loss of Rs 15,000-17,000 crore in this financial year (FY23) on account of elevated price of aviation turbine fuel (ATF) and a weak rupee, a...
PFC completes successful resolution of Jhabua Power Limited
- Sep 08, 2022
Power Finance Corporation (PFC) has successfully resolved yet another stressed project, 600 mw thermal power project of Jhabua Power Ltd., situated in Seoni district of Madhya Pradesh. PFC is...
AT THE HELM: Ashishkumar Chauhan, MD & CEO, National Stock...
- Sep 07, 2022
It was homecoming for Ashishkumar Chauhan when he took over as MD and CEO of National Stock Exchange (NSE) in late July. The former MD and CEO of Bombay Stock Exchange (BSE) was, in fact, a part...
ED arrests former NSE chief Ravi Narain in alleged phone...
- Sep 07, 2022
The Enforcement Directorate (ED) on Tuesday arrested former National Stock Exchange (NSE) CEO and MD Ravi Narain in a money laundering case, officials said. His role is being investigated by the...
Pride Hotels to expand presence in north India, foray into...
- Sep 06, 2022
The Pride Group of Hotels is scaling up its operations in north India with launch of additional properties in 2022. The new portfolio includes hotels and resorts in Agra, Rishikesh, Haldwani, Jim...
Cyrus Mistry, 54, former chairman of Tata Sons, dies in a...
- Sep 05, 2022
Former Tata Group Chairman Cyrus Mistry died in a road accident on Sunday. He was 54. The accident occurred in Charoti in Palghar when his Mercedes was returning from Ahmedabad to Mumbai. “The...
Exports in August shrink by 1.15% to $33 bn, trade deficit...
- Sep 04, 2022
India’s exports contracted by 1.15 per cent to $33 billion, and trade deficit more than doubled to $28.68 billion in August, a preliminary data released by the Commerce Ministry said on...
Muted Q1 growth despite a favourable base effect portends a...
- Sep 03, 2022
Economic growth numbers for the first quarter (Q1) of 2022-23 were quite disappointing. At 13.5 per cent, the Q1 Gross Domestic Product (GDP) figures were lower than the median forecast of 14.5...
Gujarat, Himachal & Andhra get Centre’s nod to set up...
- Sep 02, 2022
The government has given in-principle approval to proposals of Himachal Pradesh, Gujarat and Andhra Pradesh to set up bulk drug parks. The scheme, with a financial outlay of Rs 3,000 crore,...
Q1 FY23 GDP expands by 13.5%, gets a big boost from...
- Sep 01, 2022
The economy grew by 13.5 per cent in the April-June quarter this financial year – the fastest in the last four quarters – on account of better performance by agriculture and services sectors,...
Kotak Mahindra Bank urges RBI for a standardisation in...
- Aug 31, 2022
Kotak Mahindra Bank on Tuesday pitched at the RBI for a standardisation in fraud reporting after data showed that the private sector lender had been witnessing huge number of such cases. The...
At RIL AGM, Ambani sets Diwali date for 5G launch & rolls...
- Aug 30, 2022
Billionaire Mukesh Ambani on Monday announced a Rs 2.75-lakh crore investment plan to expand and diversify his $221-billion empire by rolling out 5G services from October. He also revealed that...
A new data protection law must strike a balance between...
- Aug 29, 2022
Early last month, the Centre scrapped the Data Protection Bill, 2021. Minister for Electronics and Information Technology Ashwini Vaishnaw informed the Parliament that the Joint Committee of...
All subsidised fertilisers to be sold under single brand...
- Aug 29, 2022
All subsidised fertilisers, including urea and DAP, will be sold under the single brand ‘Bharat’ from October. This move is aimed at ensuring timely availability of soil nutrients to farmers and...
Central banks should focus on fighting inflation, leaving...
- Aug 27, 2022
Rising inflation globally has brought the role of central banks under sharp scrutiny with many experts pointing to their failure in reading the exact nature of price pressures last year. Former...
Chairman Bhargava drives down memory lane to understand a...
- Aug 26, 2022
From what started out as an “accident” doomed to fail to becoming a dominant force in the automotive industry, helping the country to become the fourth largest automobile market in the world, the...
Adani firm to buy 29.18% in NDTV, make open offer of 26%...
- Aug 24, 2022
Richest Indian Gautam Adani’s company on Tuesday said that it would buy a majority stake in New Delhi Television (NDTV), one of the nation’s most popular news channels. The acquisition by the...
RBI’s new norms foster right ecosystem for digital...
- Aug 23, 2022
The Reserve Bank of India (RBI) has finally cracked the whip on digital lending. Although the central bank has not banned online lending, it has rightly sought to regulate the fast-growing...
Banks mop up funds through CDs as liquidity dries up in the...
- Aug 22, 2022
Banks had increased their fundraising activity through issuance of certificates of deposits (CDs) as funding in the banking system continued to contract, analysts said. “Banks are not raising...
As weather plays truant the world over, cotton wilts, while...
- Aug 21, 2022
Extreme weather is wreaking havoc upon virtually all of the world’s largest cotton suppliers. In India, the top-producing country, heavy rains and pests have cut into cotton crops so much that...
Adani Power snaps up DB Power for Rs 7,017 crore; deal to...
- Aug 20, 2022
Adani Power on Friday said that it would acquire DB Power, which owns and operates a 2 x 600 mw thermal power plant in Janjgir Champa district in Chhattisgarh, at an enterprise value of Rs 7,017...
NHPC to build hydropower plant in Nepal after Chinese...
- Aug 19, 2022
Nepal signed a pact with NHPC to develop a hydroelectric plant in the west of the nation years after a Chinese firm backed out, officials said on Thursday. Nepal has opened its rivers, which it...
ONGC and ExxonMobil join hands for deepwater exploration in...
- Aug 18, 2022
Oil and Natural Gas Corporation (ONGC) signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil on Wednesday for deepwater exploration in the east and the west coasts of...
Longest, heaviest freight train, laden with coal, completes...
- Aug 17, 2022
Indian Railways conducted a test run of the 3.5-km-long freight train, Super Vasuki, with 295 loaded wagons carrying over 27,000 tonnes of coal between Korba in Chhattisgarh and Rajnandgao in Nagpur...
From a basket case, India has made dramatic strides to...
- Aug 16, 2022
Indian economy’s tryst with destiny has been nothing short of awe-inspiring. Abject poverty, severe food shortage, a lack of industries and a flood of other socio-economic problems were too much...
Prime Minister Narendra Modi sets Panch-Pran target for...
- Aug 15, 2022
Prime Minister Narendra Modi on Monday said that the time had come to cleanse the country of corruption and nepotism. He asked people to have nafrat (hatred) for these twin evils that went...
Finance Ministry looking to scrap deductions, exemptions in...
- Aug 15, 2022
The Finance Ministry is proposing to review soon exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, according to sources. Eventually, the...
Big Bull Rakesh Jhunjhunwala passes away a week after his...
- Aug 14, 2022
Veteran stock market investor Rakesh Jhunjhunwala died on Sunday morning in Mumbai after he suffered a cardiac arrest. He was 62 and was suffering from kidney ailments. According to sources, he was...
Corporate Tax collections in 2021-22 year on year soar by...
- Aug 13, 2022
The Income Tax Department on Friday said that Corporate Tax collections in the first four months of the current financial had grown by 34 per cent over the year-ago period. During 2021-22,...
Pride Hotels targeting hotel portfolio of 100 properties...
- Aug 12, 2022
Pride Group of Hotels, which currently has 44 properties nationally, has embarked on an ambitious expansion plan. The Mumbai-headquartered luxury hospitality chain is targeting to take its count...
Oil price rises past Rs 98 per barrel as IEA sees higher...
- Aug 12, 2022
Oil prices rose by over 1 per cent on Thursday after the International Energy Agency (IEA) raised its oil demand growth forecast for this year as soaring natural gas prices led some consumers to...
RBI puts out framework for digital lending apps to curb...
- Aug 11, 2022
The Reserve Bank of India (RBI) on Wednesday released norms to regulate digital lending to crack down on growing number of frauds and unlawful activities.All loan disbursals and repayments had to be...
Akram Science – A Completely New Approach!!!
- Aug 10, 2022
The entire worldly life (sansar) is a result of misunderstanding. If I tell people to ‘have compassion, keep peace, and tell the truth’, they will say: ‘Only you can have compassion, we...
All About Right Connectivity: iShakti brainstorms on Right...
- Aug 10, 2022
A life without quality connectivity is unfathomable in today’s life. Therefore, in its essence, if not in strictly legal sense, quality connectivity is fundamental to leading a purposeful life...
PSBs’ cumulative profit rises by 9.2% to Rs 15,306 crore...
- Aug 10, 2022
All the 12 public sector banks (PSBs) earned a cumulative profit of about Rs 15,306 crore, registering a 9.2 per cent growth annually, despite poor showing by large lenders, like State Bank of India...
“Gain Your Client’s Trust”: Sanjay Kothari,...
- Aug 09, 2022
Sanjay Kothari may have been born in a flourishing family business of gems and jewellery. But that did not exempt him from the business the hard way. His father sent him to work in other firms and...
Tatas take the wheel of Ford India, buy US carmaker’s...
- Aug 09, 2022
Late on Sunday, Tata Motors’ subsidiary Tata Passenger Electric Mobility (TPEML) announced that it had signed an agreement to buy Ford India’s manufacturing plant in Sanand, Gujarat, for Rs 726...
In The Nature’s Lap: Ritika Krit, Founder, Kamree
- Aug 08, 2022
A keen environment enthusiast, Ritika Krit is making sincere efforts in revolutionising the healthcare and skincare industry with her Ayurvedic brand, Kamree. Ms Krit, a trained business analyst...
Public sector general insurers incur combined losses of Rs...
- Aug 08, 2022
State-run general insurance companies did not comply with Finance Ministry’s guidelines on underwriting of group policies and witnessed huge losses on account of their health cover business, the...
A 5G Boost For Telecom: The success of auction seems to...
- Aug 06, 2022
India’s biggest-ever auction of 5G telecom spectrum has ended on a bullish note. The auction came to an end after 40 rounds of bidding spanning over seven days. The success of the auction is...
Home, auto and other loans to get pricier as RBI ups Repo...
- Aug 06, 2022
Home, auto and other loan equated monthly instalments (EMIs) are set to rise further after the RBI on Friday raised the key interest rate by 50 basis points (bps). This was the third straight...
Data protection Bill scrapped; new comprehensive law in the...
- Aug 05, 2022
The government on Wednesday withdrew controversial data protection and privacy Bill, which was first proposed in 2019 and had alarmed big technology companies, such as Facebook and Google. The...
Shriram Transport gets CCI’s approval to merge with...
- Aug 03, 2022
Non-banking financial company (NBFC) Shriram Transport Finance Company on Tuesday said that it had received an approval from the Competition Commission of India (CCI) for its merger with Shriram City...
Union Bank of India looks to recover Rs 15,000-crore NPAs...
- Aug 02, 2022
Union Bank of India expects to recover Rs 15,000 crore from bad loan accounts during the current financial year. A bulk of this will come from accounts undergoing insolvency resolution process. It...
Utkarsh Small Finance Bank re-files IPO papers with SEBI,...
- Aug 01, 2022
Utkarsh Small Finance Bank has re-filed preliminary papers with capital market regulator SEBI and reduced its initial public offer (IPO) size to Rs 500 crore from Rs 1,350 crore planned...
Eight core sectors expand by 12.7 per cent year on year in...
- Jul 30, 2022
Output of eight core infrastructure sectors expanded by 12.7 per cent in June against 9.4 per cent in the year-ago period, according to official data released on Friday. The production growth of...
India’s imports from China jump by 29% in the past five...
- Jul 29, 2022
India’s total imports from China increased by nearly 29 per cent in the past five years. Compared to 2017-18 and 2021-22, the annual imports from China rose from $89.714 billion to $115.419...
Russia gulps down India’s share of crude oil imports from...
- Jul 28, 2022
India’s insatiable appetite for discounted Russian oil is eroding the dominance of traditional suppliers from the Middle East to Africa and the US in one of the world’s most lucrative...
Uttar Pradesh jumps 2 places from 9th to 7th in India...
- Jul 27, 2022
Uttar Pradesh has improved its performance by two places in India Innovation Index 2021. The State has been ranked seventh among major States as compared to ninth rank in 2020. The India Innovation...
Home Ministry approves appointment of Campbell Wilson as...
- Jul 26, 2022
The Home Ministry has given security clearance to Air India CEO-designate Campbell Wilson, paving the way for him to take charge of the airline, according to a senior official. The appointment of Mr...
ONGC seals deal with GAIL India and AGCL to sell gas from...
- Jul 25, 2022
ONGC had inked gas sale agreements (GSAs) with GAIL India and Assam Gas Company (AGCL) to monetise its upcoming field in Khubal in North Tripura district, an official said on Saturday.Under the...
Domino’s India mulls shifting some business away from...
- Jul 23, 2022
Domino’s Pizza India franchise would consider taking some of its business away from popular food delivery apps, Zomato and SoftBank-backed Swiggy, if their commissions rose further, according to a...
Banks’ NPAs set to drop by 5 to 5.5 per cent, predicts...
- Jul 22, 2022
S&P Global Ratings on Thursday said that non-performing assets (NPAs) of banks were expected to decline to 5-5.5 per cent of the total advances by March 2024. According to the latest Financial...
Windfall tax on crude oil, export tax on fuels slashed as...
- Jul 21, 2022
The government on Wednesday scrapped a three-week-old tax on the export of petrol and cut windfall taxes on overseas shipments of diesel and ATF as well as on domestically-produced crude oil after...
$10-billion tender for 50,000 electric buses in the works...
- Jul 20, 2022
State-controlled Convergence Energy Services (CESL) is planning a $10-billion tender for 50,000 electric buses that will drive India’s plans to decarbonise public transport and help meet its...
EPFO board may raise investments cap in equities to 20%,...
- Jul 19, 2022
Employees’ Provident Fund Organisation (EPFO) is likely to approve this month a proposal to enhance its investments in equities to up to 20 per cent of the investible deposits from the current...
ATF prices slashed by 2.2% to Rs 1,38,147.93 per kl to Rs...
- Jul 18, 2022
Jet fuel prices on Saturday were reduced by 2.2 per cent, reflecting a fall in international oil prices. Jet fuel or aviation turbine fuel (ATF) prices were cut by Rs 3,084.94 per kilolitre (kl), or...
States’ capex for FY23 seen rising by 36% to Rs 6.8 lakh...
- Jul 16, 2022
States had budgeted 36 per cent higher capital expenditure (capex) during this financial year, which might lead to a sharp rise in their fiscal deficit to Rs 8.4 lakh crore, a report said on Friday....
$2-billion food parks proposed in India to tackle food...
- Jul 15, 2022
The United Arab Emirates (UAE) pledged $2 billion to help develop a series of food parks in India to tackle food insecurity in South Asia and the Middle East, a joint statement of the UAE, the US,...
Oppo India denies DRI’s charges of Rs 4,389-crore Customs...
- Jul 14, 2022
Chinese phone-maker Oppo’s India unit on Wednesday said that it had a “'different view” on the charges mentioned in the show-cause notice (SCN) sent by the Directorate of Revenue Intelligence...
June retail inflation eases marginally to 7.01%, but still...
- Jul 13, 2022
Retail inflation, as measured by the Consumer Price Index (CPI) marginally eased to 7.01 per cent on an annual basis in June from 7.04 per cent in May, owing to easing crude oil and edible oil...
India only economy among the world’s top ten to post...
- Jul 12, 2022
India’s robustness amid testing times of COVID-19 and geopolitical spillovers remains intact. The Indian economy improved from the sixth position in 2019 to the fourth in 2020 and then moved up to...
SEBI mulls issuing market risk factors to help investors...
- Jul 11, 2022
In a global first, the Securities and Exchange Board of India (SEBI) is planning to issue regular risk factor disclosures on market trends, including surges and collapses, to help investors make...
Elon Musk may have to pay the price for scrapping Twitter...
- Jul 10, 2022
Twitter has a strong legal case against Elon Musk walking away from his $44-billion deal to acquire the US social media company. But he could opt for a renegotiation or settlement instead of a long...
State-run ONGC, OIL & GAIL corner a lion’s share of oil...
- Jul 09, 2022
State-owned ONGC, OIL and GAIL walked away with most of the eight blocks offered for exploration and production (E&P) of oil and gas in the OALP VII bid round. ONGC won three blocks in the...
IT revenue set for a sharp fall in FY23 amid high inflation...
- Jul 08, 2022
The information technology (IT) services sector would see a sharp fall in revenue growth to 12-13 per cent in FY23 from 19 per cent in FY22, ratings agency CRISIL said on Thursday. However, the...
HDFC twins’ merger, Adani-Holcim combination push deal...
- Jul 07, 2022
The mega $60-billion merger of the HDFC twins, $10.5-billion Adani-Holcim deal, along with $2.7-billion LIC share sale in the June quarter pushed the deal market to an all-time high of $130.3 billion...
Emkay sees PLI scheme adding 4% of GDP in incremental...
- Jul 06, 2022
The government’s Production-Linked Incentive (PLI) scheme has the potential to add nearly 4 per cent of GDP in terms of incremental annual revenues, if fully realised, according to Emkay Investment...
Exports in June surge by 16.8% to $37.94 billion; trade...
- Jul 05, 2022
India’s exports witnessed an increase of 16.8 per cent year-on-year (Y-o-Y) to $37.94 billion in June. Trade deficit too ballooned to a record $25.63 billion, revealed the government’s...
“Focus On What You Know Best”: Ajit Kohli, MD & CEO,...
- Jul 04, 2022
Ajit Kohli comes across as a man with clear and staunch principles. It is perhaps this clarity that has aided him to switch seamlessly and rather comfortably from the world of advertising to...
Reforms, like RERA & GST, set to boost housing sector...
- Jul 04, 2022
Domestic housing sector is set to grow for the next five years after a lull of several years. Housing finance companies are well poised to tap this opportunity aided with sectoral reforms, such as...
SPIRITUAL CORNER: The Laws Of Fulfilling Desires
- Jul 03, 2022
Dadashri: The things in the world are limited, but the desires of human beings are endless, are infinite. If you make a note of all the desires human beings of the world possess and a note of all...
A Dynamic Mompreneur: Megha Asher, Co-Founder & COO, Juicy...
- Jul 03, 2022
Megha Asher likes to identify herself as a mompreneur (an entrepreneur mom) and aims to inspire other mompreneurs. A co-founder and COO of Juicy Chemistry – which aims at providing simplified...
Relaxed FCRA rules permit Indians to receive up to Rs 10...
- Jul 03, 2022
The Union Home Ministry has amended certain rules related to the Foreign Contribution (Regulation) Act (FCRA), allowing Indians to receive up to Rs 10 lakh in a year from relatives staying abroad...
Govt eyes Rs 1 l cr from Export Tax on petroleum products,...
- Jul 02, 2022
The government on Friday slapped Export Tax on petrol and diesel. The tax has been levied against the backdrop of some refineries making “phenomenal profits” by shipping petroleum products...
GST @ 5: Calm After The Storm
- Jul 01, 2022
The Goods and Services Tax (GST) regime has completed five years. Numerous policy changes and procedural and technological overhauls – many of them avoidable had the government not rushed...
Parameswaran Iyer, CEO, NITI Aayog
- Jul 01, 2022
Parameswaran Iyer, the man who spearheaded the government’s Swachh Bharat Mission, has been appointed as the new CEO of NITI Aayog with effect from 1st July 2022. The 63-year-old top bureaucrat...
Decision on levying tax on casinos, lottery & GST...
- Jun 30, 2022
The GST Council on Wednesday deferred a decision on levying a 28 per cent tax on casinos, online gaming, horse racing and lottery, pending more consultations with stakeholders. Further, no decision...
Goods and services set to get costlier as GST Council...
- Jun 29, 2022
The GST Council on Tuesday approved changes in the tax rates on some goods and services with a view to rationalising the levy. On Day 1 of the two-day meeting of the panel, headed by Union Finance...
‘Phantom of Bombay House’ Pallonji Mistry passes away...
- Jun 29, 2022
Pallonji Mistry, the chairman of Mumbai-based conglomerate Shapoorji Pallonji, died at his residence in Mumbai on early Tuesday morning. Mr Mistry was 93 years old at the time of his passing. He...
Coal Ministry receives 38 bids for commercial mines auctions
- Jun 28, 2022
The Coal Ministry on Monday said that it had received a total of 38 bids during three rounds of commercial coal mine auctions. The online bids received as a part of the auction process would be...
G7 nations ban Russian gold imports to “strike at the...
- Jun 27, 2022
Members of the Group of Seven (G7) wealthy nations on Sunday announced a ban on imports of Russian gold as the G7 summit in the Bavarian Alps began under the shadow of the war in Ukraine and...
Domestic raw coking coal output likely to touch 140 mt by...
- Jun 26, 2022
The government on Saturday said that the country’s domestic raw coking coal output may touch 140 million tonnes (mt) by 2030 from the present 51.7 mt.Coking coal is an essential raw material for...
Zomato snaps up Blinkit for Rs 4,447.48 crore in a...
- Jun 25, 2022
Online food delivery platform Zomato on Friday said that it would acquire Blink Commerce (formerly known as Grofers India) for a total purchase consideration of Rs 4,447.48 crore in a share-swap...
India’s imports of Russian oil soar by 50%, account for...
- Jun 24, 2022
India’s crude oil imports from Russia have jumped by over 50 times since April and now make up for 10 per cent of all crude oil bought from overseas, according to a senior government...
CBDT issues disclosure norms for TDS on VDAs,...
- Jun 23, 2022
The Income Tax (I-T) Department has come out with detailed disclosure requirements for tax deduction at source (TDS) for virtual digital assets (VDA), under which date of transfer and mode of payment...
With Assam joining, One Nation, One Ration Card fully...
- Jun 22, 2022
Assam had finally operationalised the ration card portability service and with this, the Centre’s One Nation, One Ration Card (ONORC) programme was implemented across the country, the Food Ministry...
Auto parts companies’ revenues to rise by 10% in FY23,...
- Jun 21, 2022
Auto ancillaries’ revenues were expected to grow by 8 to 10 per cent in 2022-23 on the back of a stable demand and likely easing of supply-chain concerns in the second half of the year, ICRA said...
Government orders gencos to buy rakes to ease coal supply...
- Jun 20, 2022
The government has directed power generation companies (gencos) to buy rakes for captive use, a move which will ensure smooth supplies of coal during the monsoon season. Each year, during the monsoon...
Musk and Tesla welcome to India, but they have to follow...
- Jun 19, 2022
Union Minister Mahendra Nath Pandey said on Saturday that Elon Musk and Tesla were welcome in India. But the government would not budge on its policy of Atmanirbhar Bharat (self-reliant...
Government employees barred from using VPN and private...
- Jun 18, 2022
The Union government has banned its employees from using third-party and non-government cloud platforms, such as Google Drive and Dropbox. Government employees have also been restricted from using...
Indians’ money in Swiss banks surge to 14-year high in...
- Jun 17, 2022
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year high of 3.83 billion Swiss francs (CHF) or...
Union Cabinet’s nod for 5G spectrum auction likely to be...
- Jun 16, 2022
The Union Cabinet on Wednesday gave its nod to conduct 5G spectrum auction for telecom services and do away with upfront payment for airwaves. The successful bidders can pay for 5G spectrum in 20...
Wholesale inflation in May surges to a record high of...
- Jun 15, 2022
Wholesale price-based inflation rose to a record high of 15.88 per cent in May on rising prices of food items and crude oil.The Wholesale Price Index (WPI)-based inflation was 15.08 per cent in April...
Rising interest rate set to dent homebuyers’...
- Jun 14, 2022
Real estate sector has been on a strong recovery path after surviving the worst of the pandemic. Annual residential sales in 2021 have reached within a striking distance of 2019 volumes, and recent...
Lower spike in food prices slightly cools down May CPI...
- Jun 14, 2022
Retail inflation eased slightly in May to 7.04 per cent, after touching an eight-year high of 7.79 per cent in April. However, it remained above the RBI’s upper tolerance level of per cent for the...
RIL, Shell win $111-million arbitration award against the...
- Jun 13, 2022
The government has lost its appeal in the English High Court against a $111-million arbitration award in favour of Reliance Industries (RIL) and Shell in a cost recovery dispute in the western...
What is 'I' And What is 'My'
- Jun 12, 2022
Dadashri: Would you like to be immersed in ‘I’ or ‘My’? There are ponds of these ‘I’ and ‘My’. Those who have been immersed in the pond of ‘I’ have never died, while those who...
Consumer inflation for May spirals to a four-decade high of...
- Jun 12, 2022
Prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices...
Prabha Narasimhan, MD and CEO, Colgate-Palmolive India
- Jun 11, 2022
After 12 long years, another outsider is set to steer the fortunes of Colgate-Palmolive India. This time, the new MD and CEO of the Mumbai-based fast-moving consumer goods (FMCG) company is Prabha...
Capital goods and consumer durables push IIP in April up by...
- Jun 11, 2022
India’s factory output growth, as measured by the Index of Industrial Production (IIP), surged by 7.1 per cent in April 2022 on the back of growth in capital goods and consumer durables...
Getting Vocal About Local: Sakshi Aggarwal, Founder,...
- Jun 10, 2022
With an MBA in finance from New Delhi’s International Management Institute, Sakshi Aggarwal had her career going quite well for her. She had built a good reputation in her association with...
Export prices of rice soar amid fears among importers of...
- Jun 10, 2022
Export prices of Indian rice rose further this week, supported by strong demand and concerns that the world’s top exporter of the grain could restrict shipments. India’s 5 per cent broken...
Economists see further rate hikes by RBI, industry leaders...
- Jun 09, 2022
The Reserve Bank of India (RBI) on Wednesday hiked the policy Repo Rate by 50 basis points (bps) to 4.90 per cent. The central bank also raised the inflation projection for the current financial year...
RBI raises Repo Rate by 50 bps to 4.90%, estimates...
- Jun 09, 2022
The Reserve Bank of India (RBI) on Wednesday hiked the policy Repo Rate by 50 basis points (bps) to 4.90 per cent. The central bank also raised the inflation projection for the current financial year...
“Identify Your Winning Ticket Before You Plunge”: Bala...
- Jun 08, 2022
Bala Sarda has given a new twist to his over 85-year-old family business of tea. The Founder and CEO of Vahdam India started a new tea brand Vahdam Teas In New Delhi in 2015 to shake up the supply...
Green Open Access Rules set to speed up renewable energy...
- Jun 08, 2022
The government on Tuesday notified Green Open Access Rules, 2022, to further accelerate India’s renewable energy programme. These rules were notified for promoting generation, purchase and...
Government set to expedite privatisation process of...
- Jun 07, 2022
The government is likely to conclude the privatisation process of State-run companies that are in the pipeline after facing a setback over the sale of State-run oil refiner BPCL by the end of this...
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 against the US currency and is fast approaching the Rs...
Chhattisgarh Chief Minister Baghel’s Bhent-Mulaqat...
- Jun 06, 2022
Chhattisgarh Chief Minister Bhupesh Baghel is on a whirlwind tour of the State. He is leading the Bhent-Mulaqat Abhiyan (Meet-and-Greet campaign), a unique initiative by the Bhupesh Baghel-led...
Nitin Gadkari calls for ethanol-fuelled construction and...
- Jun 05, 2022
Union Minister Nitin Gadkari on Saturday stressed on the need to switch to alternative fuel like ethanol and said that efforts were on to introduce ethanol in construction and agriculture...
EPF deposits will fetch 8.1% interest for FY22 – the...
- Jun 04, 2022
The Central government on Friday approved 8.1 per cent rate of interest on Employees’ Provident Fund (EPF) deposits for 2021-22, according to an Employees’ Provident Fund Organisation (EPFO)...
UP’s ground-breaking ceremony gets 1,406 projects of over...
- Jun 04, 2022
Prime Minister Narendra Modi on Friday inaugurated the third ground-breaking ceremony of Uttar Pradesh Investors’ Summit held in 2018 and laid the foundation stone for 1,406 projects worth over Rs...
Goods exports in May rise by 15.46% to $37.29 bn, trade...
- Jun 03, 2022
India’s merchandise exports rose by 15.46 per cent to $37.29 billion in May on account of healthy performance by sectors like petroleum products, electronic goods and chemicals. Imports during the...
Air India sweetens voluntary retirement norms with...
- Jun 02, 2022
Air India on Wednesday reduced eligibility age from 55 to 40 and announced cash incentive to encourage a significant section of its employees to voluntarily retire. The Tata Group took control...
PFC lists Euro green bonds on Luxembourg Stock Exchange
- Jun 02, 2022
Power Finance Corporation (PFC), a leading NBFC in the power sector, on Wednesday listed its maiden 300-million-euro, 1.841-per cent Euro green bonds on Luxembourg Stock Exchange, which is the...
GDP grows by 8.7% for FY22, GVA in FY22 expands by 8.1%
- Jun 01, 2022
Growth in Gross Domestic Product (GDP) slowed to 4.1 per cent in January-March 2022 period, while for the full year 2021-22, growth stood at 8.7 per cent, according to the government data released on...
New consultation paper on cryptocurrency will be out soon,...
- May 31, 2022
The Centre was planning a fresh consultation paper on cryptocurrency soon, though a law on the digital assets was likely to take more time, Secretary of Economic Affairs Ajay Seth said on Monday.On...
Coal India to import for first time since 2015 as power...
- May 29, 2022
State-run Coal India, the world’s largest coal miner, would import the fuel for use by utilities, a Power Ministry’s letter seen by the Reuters showed on Saturday, as shortages raise...
Rs 1,000-cr dividend income of Indian oil companies stuck...
- May 28, 2022
As much as 8 billion rubles (about Rs 1,000 crore) of dividend income belonging to Indian oil companies is stuck in Russia after the Putin administration clamped down on dollar repatriation,...
EoI process for stake sale of BPCL called off as many...
- May 27, 2022
The government on Thursday said that it had called off the current process for inviting expression of interests (EoIs) for the strategic disinvestment of Bharat Petroleum Corporation (BPCL). The...
ONGC eyeing stake sale to a strategic partner to help...
- May 27, 2022
Oil and Natural Gas Corporation (ONGC) is offering a stake to global oil companies to help develop challenging fields off the country’s east coast, according to a tender document. The...
RBI cancels registration certificates of 5 NBFCs for...
- May 26, 2022
The Reserve Bank of India (RBI) on Wednesday said that it had cancelled the Certificate of Registration (CoR) issued to the following five non-banking financial companies (NBFCs) due to irregular...
Govt allows duty-free imports of crude soybean, sunflower...
- May 25, 2022
The government on Tuesday exempted Customs Duty and Agriculture Infrastructure Development Cess on 20 lakh metric tonnes yearly import of crude soybean and sunflower oil to ease domestic prices.The...
SEBI unveils norms for fund houses to float passive ETFs...
- May 24, 2022
Capital markets regulator SEBI on Monday allowed mutual funds to launch passively-managed equity-linked savings schemes (ELSS).However, the regulator said that mutual funds could have either an...
NFOs mopped up Rs 1.08 lakh crore in FY22, riding on equity...
- May 23, 2022
Riding on intense retail investors’ interest and a sharp rally in equity markets, asset management companies (AMCs) launched 176 new fund offers (NFOs) in 2021-22, garnering a whopping Rs 1.08 lakh...
Petrol, diesel prices drop as government slashes Excise...
- May 22, 2022
Under pressure, the government on Saturday cut Excise Duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that...
Zilingo CEO Ankiti Bose dismissed over complaints of...
- May 21, 2022
Singapore-based fashion technology startup Zilingo on Friday said that it had sacked co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial...
Indonesia to permit palm oil exports from May 23 as ban...
- May 20, 2022
Indonesia would lift its palm oil export ban from Monday, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The world’s top palm oil...
GST Council’s recommendations not binding on Centre,...
- May 20, 2022
The Supreme Court on Thursday ruled that the GST Council recommendations were not binding on the Centre and the States and were only persuasive in a landmark judgement that may impact the landscape...
Cabinet’s big push for green energy, 20% ethanol blending...
- May 19, 2022
The Union Cabinet on Wednesday approved advancing the target of blending 20 per cent ethanol in petrol by 5 years to 2025-26. It also allowed more feedstock for production of biofuels in a bid to cut...
LIC makes a weak debut on bourses, lists at over 8%...
- May 18, 2022
Life Insurance Corporation of India (LIC) on Tuesday made a lacklustre debut on stock exchanges. The country’s largest insurer listed at over 8 per cent discount today after a successful initial...
WPI inflation – in double digits for past 13 months –...
- May 18, 2022
Wholesale Price Index (WPI)-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55 per...
China defends India’s wheat export ban, blames West for...
- May 17, 2022
China has come to India’s defence over wheat export ban. An article in the Global Times, the Chinese government’s mouthpiece, has defended India’s decision. It has asked the Group of Seven...
Adani wins bids to acquire Holcim’s stakes in Ambuja...
- May 16, 2022
The Gautam Adani Family has announced that it has entered into definitive agreements for the acquisition of Switzerland-based Holcim’s entire stake in Ambuja Cements and ACC. Asia’s richest...
Wheat export ban aimed at checking price rise, curbing...
- May 15, 2022
There was no dramatic fall in wheat output this year, but unregulated exports had led to a rise in local prices said government officials, speaking just hours after the country banned wheat exports...
LIC public offer issue price set at Rs 949; insurer to list...
- May 14, 2022
The government has fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band, ahead of the listing of the country’s largest insurer on May 17. However, LIC...
Overheated food and fuel prices push up April CPI inflation...
- May 13, 2022
Driven by rising food and fuel prices, retail inflation soared to an eight-year high of 7.79 per cent in April this year. This may prompt the Reserve Bank of India (RBI) to go in for another interest...
Ultratech joins the race for Holcim’s stakes in Ambuja...
- May 12, 2022
The Aditya Birla Group, which owns the country’s largest cement company, Ultratech, has formally joined the race to buy out the Swiss cement giant Holcim’s stake in Ambuja Cement and ACC, a...
Swiggy suspends Supr Daily services in five cities; Genie...
- May 11, 2022
Swiggy on Tuesday announced that it was suspending its grocery and daily essentials delivery service, Supr Daily across major metros, including Delhi-NCR, Mumbai and Hyderabad. The...
LIC’s public issue subscribed by 2.95 times; govt set to...
- May 10, 2022
Life Insurance Corporation of India’s (LIC) IPO, the country’s biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs...
Insurance stake sales may help Future Enterprises stay away...
- May 09, 2022
Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt. This may save the company from facing the rigour...
Economic activities show that FY23 has started off on a...
- May 09, 2022
FY23 has embarked on a high economic activity, with the PHDCCI Economy GPS Index surging to an all-time high of 145.5, supported by robust GST revenue collection, PHDCCI President Pradeep Multani has...
Kotak AMC’s Shibani Kurian sees macroeconomic factors...
- May 08, 2022
Indian equity markets continued to remain volatile amid worries on rising interest rates, Russia-Ukraine war and global commodity inflation. Global yields rose higher as a slew of hawkish remarks...
As Jet Airways takes a test flight, CEO Sanjiv Kapoor tells...
- May 07, 2022
Jet Airways CEO Sanjiv Kapoor on Friday asked his staff to “maintain laser-like focus” and said “there is no room for complacency”. Mr Kapoor’s statement follows a day after Jet Airways...
QT set to trim US Fed’s balance sheet by $1.4 trillion by...
- May 07, 2022
The US Federal Funds Rate is likely to get restrictive within a year, moving above-neutral and thus impinging on growth. The expected quantitative tightening (QT) should yield a balance sheet runoff...
LIC’s public offer fully subscribed on Day 2, listing...
- May 06, 2022
LIC’s public offer, the country’s biggest-ever IPO, was fully subscribed on the second day of bidding on Thursday. Against 16,20,78,067 shares on offer, 16,25,35,125 bids were received, making...
US Fed hikes rate sharply by 0.50%, to begin shrinking...
- May 05, 2022
The Federal Reserve delivered the biggest hike in interest rates since 2000 on Wednesday and announced that it would start shrinking its massive balance sheet next month. This is seen as the most...
Private traders step up wheat purchases as export demand...
- May 04, 2022
The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 of the current Rabi marketing year on higher exports and low arrival in Punjab and...
RBI raises Repo Rate, CRR to combat surging inflation,...
- May 04, 2022
RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), in an off-cycle meeting held between May 2 and 4, hiked the Repo Rate by 40...
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 segment by partnering with other financiers, a top...
ICRA sees lower borrowing by States amid likely higher...
- May 03, 2022
Tax devolution by the Central government was likely to exceed the Budget estimate by at least Rs 1.1 lakh crore in FY23. This would lead to compression in the gross borrowing by States to Rs 8.4 lakh...
ISMC lines up $3 billion for a semiconductor plant in...
- May 02, 2022
International semiconductor consortium ISMC would invest $3 billion in Karnataka to set up a chip-making plant, the State government said on Sunday. ISMC is a joint venture between Abu...
“Not right to compare outstanding loan with value...
- May 01, 2022
Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao on Saturday said that comparing the outstanding loan amounts with the value realised might not be a “reasonable indicator” to assess...
Demand for oil set to peak in five years with uptick in...
- Apr 30, 2022
Oil demand could reach its peak in the next two to five years, McKinsey & Company’s Global Energy Perspective 2022 stated on Friday. The primary driver for the reduction in growth was...
Amid power outages, Opposition charges Government with...
- Apr 30, 2022
Various States continued to grapple with power shortages on Friday amid soaring mercury pushing demand higher. Opposition parties blamed the Centre for coal shortages at thermal plants.Congress...
Government asks State-owned companies to consider buying...
- Apr 29, 2022
India has asked State-run energy companies to evaluate the possibility of buying European oil major BP’s stake in sanctions-hit Russian company Rosneft, two people familiar with the matter have...
LIC public offer between May 4 and 9, price band fixed at...
- Apr 28, 2022
Life Insurance Corporation of India (LIC) on Wednesday fixed price band at Rs 902-949 per share for its initial public offer (IPO) set to open on May 4. There will be a Rs 60 discount for LIC...
India, 6 others in US’ Priority Watch List for IP...
- Apr 28, 2022
The United States on Wednesday placed India, China, Russia and four other countries on its annual Priority Watch List for intellectual property (IP) protection and enforcement. The other...
Labour reforms soon as 90% of States ready with draft...
- Apr 28, 2022
Union Labour Minister Bhupender Yadav exuded confidence on Wednesday that four labour codes, which would bring another wave of reforms, would soon be implemented as around 90 per cent of States had...
Kerala High Court asks OMCs what parameters they follow in...
- Apr 27, 2022
The Kerala High Court on Tuesday asked State-run oil marketing companies (OMCs) what was the reason for a difference in retail and bulk purchase rates of fuel supplied by them and what was the...
Elon Musk finally bags Twitter in a $44-billion deal as he...
- Apr 26, 2022
Billionaire Elon Musk has taken control of Twitter In one of the world’s biggest deals in the technology world. The deal will see Mr Musk acquiring the social network for approximately $44 billion...
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 not being able to find the right kind of job,...
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 will hit the market in the first week of the next...
Secured lenders of Future Retail reject deal with Reliance...
- Apr 23, 2022
Secured lenders of Future Group firm Future Retail (FRL) on Friday rejected a Rs 24,713-crore deal with Reliance Retail for acquisition by a majority vote.FRL informed the stock exchanges on Friday...
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 lakh will be prioritised for development of...
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 corporatised its companies instead of privatising them....
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 kicked off the marque’s global re-launch in the...
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 external shocks and domestic vulnerability, CRISIL...
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 registered in the corresponding financial year, an 8 per...
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 overwhelms the available generation on the...
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 approved India as a wheat supplier. There is a...
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 “jeopardising” the future of 1.5 lakh brick-and-mortar...
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 Beijing.Yet the cases of Sri Lanka and Pakistan – both...
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 Wednesday. The first such trial would be held...
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, and the work we do is with a small number of...
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 Tuesday. The Consumer Price Index (CPI)-based...
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 M&As in India bucked the global trend, where...
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 for mobile services. The spectrum, whose prices...
No policy at the Centre to privatise Indian Railways; focus...
- Apr 10, 2022
Union Railways Minister Ashwini Vaishnaw on Saturday reiterated that the Centre had no policy to privatise the national transporter and emphasised that the need for the sector to accept the latest...
Total tax collection at Rs 27.07 lakh crore in FY22 beats...
- Apr 09, 2022
India’s tax collections soared to a record high of Rs 27.07 lakh crore in the financial year ended March 31 as mop-up from income and other direct taxes as well as indirect taxes jumped, Revenue...
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. Although both companies control a significant market...
“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. Secondly, while the Nifty has not seen much earnings...
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 at 4 per cent. The central bank also decided to...
Chhattisgarh’s focus on spurring rural growth inspires...
- Apr 07, 2022
Chhattisgarh Chief Minister Bhupesh Baghel has redefined the concept of development. Going beyond industries and investments, the central Indian State is laying stress on social development and...
SPIRITUAL CORNER - The True Understanding of Religion
- Apr 07, 2022
Traditional worldly (laukik) religions give worldly happiness, and the real (alaukik; beyond the world) religion gives eternal bliss. All actions carried out in the presence of ignorance of the...
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 Company for Rs 4,500 crore, subject to receipt of...
“Make Course Corrections Based On Facts”: Krishna Kumar...
- Apr 06, 2022
Krishna Kumar Karwa considers himself as one of the fortunate few whose passion and profession are on the same track. A rank-holder chartered accountant, who has always been passionate about stock...
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 costs. “Prices will be firm; I can’t say by how...
Designed To Lead: Pritika Singh, Founder, Mohh
- Apr 05, 2022
Passionate, persistent, calm and action-oriented, Pritika Singh has been a perfect team leader. The young and dynamic founder of Mohh – a Gurugram, Haryana-based design and furnishing company –...
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. The merger will create a financial services titan...
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 heartening that Ms Buch happens to be the first...
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 mt of freight in 2021-22, which was 15 per cent...
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 FY2022-23 (April-June 2022), interest rates on...
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 comprises sale of the consumer banking businesses of...
Builders set to raise housing prices as rising construction...
- Mar 30, 2022
Over the last one year, developers’ average cost of construction has risen by 10 to 12 per cent, owing to higher input cost due to supply-side constraints. This surge in cost comes at a time when...
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 by trade unions. Transactions at many public...
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 raised the Federal Funds Rate (FFR) by 25 basis points...
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 regulator SEBI’s order restraining him from...
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 risks, warns the CEO of one of the world’s...
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. The economic sanctions imposed by the West have...
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 performance. Prime Minister Narendra Modi congratulated the...
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 concerns that a sanctions backlash will all but choke...
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, Indian Hotels Co (IHCL) Managing Director and CEO...
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 said on Monday. He emphasised that even as RBI...
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 meeting with Prime Minister Narendra Modi in New...
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 sanctions on Moscow over its invasion of Ukraine, a...
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 Global Ratings analyst Deepali Seth Chhabria said on...
ATF price hiked steeply by 18.32%, jet fuel breaches Rs 1...
- Mar 17, 2022
Jet fuel or aviation turbine fuel (ATF) price saw its steepest all-time hike on Wednesday. The rate was increased by 18.32 per cent to a record Rs 1,10,666.26 per kilolitre (kl) Rs 93,530.66 per kl,...
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 interventions according to requirement to safeguard the...
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 Parliament on Tuesday. During the past six financial...
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 the Ministry of Statistics & Programme...
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 land and immovable property to earn profit. A...
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 make investments attractive. India’s...
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 (EoDB-RCB) programme, which were affecting individual...
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 the major energy-importing nation. While...
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 Future Retail for terminating sub-leases of 950...
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 billion in 2020 to $22 billion in 2021, according to...
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 upend spending plans and derail its pandemic...
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 Tuesday. India had suspended the scheduled international...
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 summits in India.A confluence of aspiring...
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 would not be in breach of the worldwide freezing...
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 collections, as well as expenditure from March 15. The...
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 Huawei, whom it raided recently, sources said on...
“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 centre of the country. The new IT policy is...
An Artist With A Heart: Meenu Kumar, Director, Cosmo Arts...
- Mar 03, 2022
Meenu Kumar likes to be identified as an artpreneur. An accomplished artist, whose heart also beats for the well-being of society, Ms Kumar is a well-known art curator, artist, art critic and...
“Understand Your Market”: Nikkhil K Masurkar, Executive...
- Mar 03, 2022
A research pharmacist with a dynamic entrepreneurial streak, Nikkhil K Masurkar is the executive director of ENTOD Pharmaceuticals. Mumbai-based ENTOD is a leading, speciality research-based...
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 Somnath. Both these properties will come into...
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 attempt to mount greater pressure on Russia to end...
Spiritual Corner: You create obstacles for everything by...
- Mar 01, 2022
Questioner: The worldly life is such that there is nothing but obstacles (antaray) in it.Dadashri: You are a Parmatma (the absolute Self), but you do not reap the full benefit of your position....
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 (FY22) is seen growing by 8.9 per cent, according...
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, who will be the tenth chair of the board, was...
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 to Mohanur in Namakkal district of Tamil Nadu,...
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 onslaught of coordinated sanctions from 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 offensive against Ukraine. The 30-share BSE gauge plunged...
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 on Tuesday. India had 1.2 billion (120 crore)...
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 platform, for alleged financial irregularities during...
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 are being investigated threadbare to unveil...
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 his trainer, house help and driver, to help them...
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 the Comprehensive Economic Partnership Agreement...
“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 was Minister Raj, and that the minister would...
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 Operating Officer Anand Subramanian in Mumbai and...
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 for habitation.Confirming “structural and...
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 globally, Tata Sons Chairman N Chandrasekaran said on...
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 gems and jewellery, according to data released by...
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 director of listed companies on a voluntary basis...
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 due to higher prices of certain food items, said...
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 public offer (IPO), aiming to mobilise an estimated...
'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 was one of the biggest and brave industrialists...
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. This decision follows just months after the US...
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, ended December 2021, compared with Rs11,810 crore...
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 durable recovery of the economy from the COVID-19...
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, according to CEEW-CEF. New capacity addition of...
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 Industry Som Parkash said on Wednesday.There has been...
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) is “not as high as it sounds”.It, however, was...
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 hike, states on Tuesday had to pay a higher price to...
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 Bank of India (RBI) can find buyers for flooding new...
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 Reconstruction Company (NARCL) – in which State-owned...
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 other founder, Shashvat Nakrani, has thrown his weight...
“Pay Attention To Detail”: Harshal Goel, Founder & CEO,...
- Feb 04, 2022
Harshal Goel was pursuing his under-graduation at City University in London. In London, young Harshal, an avid reader, happened to come across a research study on medical benefits of cannabis....
Voice Of The Voiceless: Mohua Chinappa, Branding & PR...
- Feb 03, 2022
A writer, podcaster, voiceover artist and branding specialist, Mohua Chinappa has spent over 15 years in leadership positions as a public relations (PR) and corporate communication specialist. She...
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 third wave. Yet the viral pandemic in the past two...
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 Mittal its interim chairman and managing director...
Spiritual Corner: Dhyan (Meditation) as explained by...
- Feb 01, 2022
What is meditation (dhyan)? Meditation is not something that one has to ‘do’. Meditation (dhyan) happens naturally. Meditation is a result. What the world calls meditation, is not meditation...
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 growth outlook on worries of slowing demand and the...
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 recovery of the Indian economy. It has suggested...
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 industries. That is the reading from the overall activity...
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 successfully concluded today with transfer of 100 per...
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 promoters also plan to gift more than 7 lakh shares to...
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 sector. Responding to a tweet by Nasscom...
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 growing three times faster than the expectations...
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 Corporation (BPCL) its chairman told...
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 variant, the International Energy Agency (IEA) said...
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 stay of enforcement in a long-running dispute with...
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 Hemant Gupta and Justice V Ramasubramanian, dismissed...
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 familiar with the development said on...
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 the country’s $2.4 billion Production-Linked...
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 allegations that it abused its market dominance by...
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. Separately, India’s factory output, measured in terms...
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 equity. This will amount to around 35.8 per cent...
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 and where it suits you, via a payment method like...
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 April-June period, according to Quarterly Employment...
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 on Friday. The government data has put the GDP...
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, saying that its initial view was that the tech giant...
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 after the distributors’ talks with the...
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 largest-ever foreign currency bond issue from...
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 announced by the government for the telecom sector....
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 director, the country’s largest petroleum...
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 months, the Mumbai-headquartered luxurt hotel chain...
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 list in top positions in the past, is now set to...
“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 ingrained in the managing director of V One Hotels...
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 amended the rules for initial public offers (IPOs)...
Life Without A Goal
- Jan 02, 2022
Dadashri: What is the goal of this life? Do you understand it? Surely, there has to be some goal for this life. A person is born, grows old and is later carted away to the funeral pyre. The name...
“Focus On The Right Problem”: Diwesh Sahai, CTO,...
- Jan 02, 2022
With a BTech graduate in aerospace engineering from IIT Kanpur, Diwesh Sahai has worked across segments, such as e-commerce, digital (e-books, video), fintech (payments bank), application...
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 inflation around the world and forcing governments to...
Engineer & Entrepreneur: Ria Rustagi, Co-Founder, PankhTech
- Jan 01, 2022
A family tragedy turned Ria Rustagi into an entrepreneur. Pankhuri, Ms Rustagi’s sister, suffered from a rare brain infection in 2016 at the age of 25. She was hospitalised for six months and...
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 cent in October 2021 and contracted by 1.1 per cent...
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 the initial view that the iPhone-maker had...
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 months to March 31, 2022. The relaxation has been...
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 per cent in September 2021 in a severe stress...
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 to be accelerated with seniors, including him,...
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 years to December 2026, the private lender said in a...
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 security company Cloudflare. The viral video app gets...
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 any fanfare in both the capitals as the two Asian...
L&T Fin Holdings to sell investment management division to...
- Dec 24, 2021
L&T Fin Holdings (LTFH) announced on Thursday that it would be selling L&T Investment Management (LTIM) to HSBC AMC for $425 million (Rs 3,200 crore).HSBC AMC will acquire 100 per cent equity...
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 stakeholders. The earlier deadline was December 31,...
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 decline. The reality of the pandemic era,...
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), joining the league of internet-led businesses looking to...
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 some form of support from the government as revival...
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 2.09 per cent to end the session at 55,822.01, and...
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 US e-commerce giant had concealed information while...
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 foreign fund outflows. The 30-share index...
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 coal mines rolling over from third round of...
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 earlier and signalling that they favour raising...
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 buses across nine cities of Uttar Pradesh (UP). The...
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 Minister Nitin Gadkari said on Wednesday in the Rajya...
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, JioMart, tapping into the popular messaging app...
RBI issues PCA framework for deposit- and...
- Dec 14, 2021
The Reserve Bank of India (RBI) on Tuesday issued Prompt Corrective Action (PCA) framework for non-banking financial companies (NBFCs). With this framework, NBFCs will strictly have to meet...
Toyota lines up $35 billion to roll out 30 battery electric...
- Dec 14, 2021
Toyota Motor Corp said on Tuesday that it would invest 4 trillion yen ($35 billion) to build a line-up of 30 battery electric vehicles (BEV) by 2030 as the world’s biggest car-maker looked to tap...
CPI inflation in November rises to 4.91%, triggered by a...
- Dec 13, 2021
Benchmark inflation rate, measured by the Consumer Price Index (CPI), firmed up to 4.91 per cent year on year in November on the back of a rise in vegetable prices, data released by the Ministry of...
Supriya Lifescience public issue from December 16 to 20 at...
- Dec 13, 2021
Supriya Lifescience will be hitting the market with an IPO on December 16, which will close on December 20. The price band of the offer has been fixed in the range of Rs 265-274 per equity share of...
UK’s COVID norms deeply impact low-paid and migrant...
- Dec 12, 2021
The latest directive from the UK government that people should work from home has led to concerns about the impact on businesses in the run up to Christmas. Besides, it is also likely to have a...
Growth cycle not durable, high inflation & current account...
- Dec 11, 2021
The current growth cycle being witnessed in the country was not durable and would peak by the first half of 2022, Japanese brokerage Nomura said on Friday. Higher inflation and wider current...
