Kandla, Paradip, Tuticorin picked to develop as hubs for...

• Oct 03, 2023

In a move to expedite India’s goal of becoming a significant player in the global hydrogen market, the Ministry of Shipping and Ports has identified three key ports – Kandla, Paradip and...

Cases under IBC resolution set to hit 300 in FY24, reveals...

• Oct 02, 2023

Number of resolutions of stressed assets under the insolvency law was likely to touch 300 this year, IBBI Chairperson Ravi Mittal said on Sunday and urged resolution professionals to speed up the...

India’s inclusion into global bond index may see inflows...

• Oct 01, 2023

From June 2024, Indian government bonds will be included in JPMorgan Chase & Co’s emerging market bond index. In fact, the inclusion of government securities in JPMorgan’s Government Bond...

Core sector growth for August surges to 14-month high of...

• Oct 01, 2023

Eight core sectors posted growth of 12.1 per cent in August, according to data released by the Ministry of Commerce and Industry on Friday. At 12.1 per cent, the growth in India’s eight key...

Chief Minister Yogi Adityanath is transforming Uttar...

• Sep 29, 2023

Uttar Pradesh is a State that presents immense possibilities in various sectors, including infrastructure, road, metro, air connectivity, waterways, logistics and sports. The North Indian State...

UAE’s IHC to sell stakes in Adani Green Energy and Adani...

• Sep 29, 2023

Abu Dhabi conglomerate International Holding Company (IHC) on Thursday said it would sell its stake in two of India’s Adani Group companies. The move comes as billionaire Gautam Adani’s business...

Kewal Kiran launches first exclusive boyswear brand Junior...

• Sep 28, 2023

Elevating the style quotient for young fashionistas, Junior Killer – India’s latest high street kids fashion brand from the house of Kewal Kiran Clothing was launched in Mumbai on...

Top-class cruise terminal coming up in Varanasi to boost...

• Sep 27, 2023

Union Minister Sarbananda Sonowal on Tuesday said that the government was planning to construct a world-class cruise terminal in Varanasi for expansion of river cruise tourism in the city. Addressing...

Strides Pharma to demerge CDMO, soft gelatine businesses...

• Sep 26, 2023

Strides Pharma Science on Monday said its board had approved a scheme of arrangement among group entities in order to create a separate contract development and manufacturing entity,...

SIDBI, DLAI ink pact to boost fintech sector, enhance MSME...

• Sep 24, 2023

Small Industries Development Bank of India (SIDBI) on Saturday said that it had inked an agreement with the Digital Lenders’ Association of India (DLAI) to boost the country’s fintech sector....

LIC gets over Rs 290-crore GST claim from Bihar tax...

• Sep 23, 2023

Life Insurance Corporation of India (LIC) has received a Goods and Services Tax receipt, including interest and penalty, of over Rs 290 crore from the Bihar State tax officials. In an exchange...

Cisco Systems to buy cybersecurity firm Splunk for about...

• Sep 22, 2023

Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business and capitalise on the boom in artificial...

John Grisham, other authors sue OpenAI for “unlawfully...

• Sep 21, 2023

A trade group for US authors has sued OpenAI in Manhattan federal court on behalf of prominent writers, including John Grisham, Jonathan Franzen, George Saunders, Jodi Picault and Game of...

Torrent Pharma in talks with Apollo Global to raise $1 bn...

• Sep 20, 2023

Torrent Pharmaceutical was in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, two people briefed on the discussions said on...

Household savings plunge to 50-year low in FY23 as incomes...

• Sep 19, 2023

Net financial savings of households fell to a nearly five-decade low of 5.1 per cent of GDP in FY23, down from 7.2 per cent in FY22, the Reserve Bank of India (RBI) said on Monday. The numbers...

India, Brazil start talks to end WTO sugar row; ethanol may...

• Sep 18, 2023

India and Brazil have started talks to resolve a sugar-related trade dispute at the World Trade Organization (WTO) mutually. As a part of the solution, the South American nation may share ethanol...

Ashok Leyland lines up Rs 1,000 crore for electric bus...

• Sep 17, 2023

Ashok Leyland has decided to set up a bus manufacturing plant, focused on electric and alternative fuel vehicles in Uttar Pradesh. Ashok Leyland intends to invest up to Rs 1,000 crore in this new...

Port Talbot to get 500 mn pounds from UK govt to keep steel...

• Sep 16, 2023

Port Talbot’s steelworks will be given up to 500 million pounds by the UK government in a bid to keep the plant open and produce steel in a greener way, but it could see thousands lose their...

SAT questions SEBI’s credibility in completing ZEEL case...

• Sep 15, 2023

The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Securities and Exchange Board of India’s (SEBI) credibility on completing its investigation within a stipulated time...

Bombay Dyeing to sell 22 acres in Mumbai to Sumitomo’s...

• Sep 14, 2023

Bombay Dyeing & Manufacturing Company on Wednesday said that its board of directors approved the proposal to sell the land parcel of about 22 acres in Worli, Mumbai, to a subsidiary of Japanese...

CPI inflation for August eases by 6.83%, while IIP for July...

• Sep 13, 2023

The Consumer Price Index (CPI)-based inflation for August came at 6.83 per cent as against a high of 7.44 per cent in July, according to data released by the National Statistical Office (NSO) on...

Sensex reclaims 67,000 points, Nifty hits record 20,000,...

• Sep 12, 2023

Benchmark Sensex jumped by 528 points to regain the 67,000 level, while Nifty scaled the record 20,000 mark for the first time on Monday. Robust buying by domestic investors helped equity markets...

Big breakthrough at G20 Summit: New Delhi Declaration...

• Sep 11, 2023

The New Delhi Leaders’ Summit Declaration was adopted on Saturday in a massive breakthrough as members of the G20 arrived at a “100 per cent consensus” on the opening day of the summit on...

PM Modi announces India-Middle East-Europe mega economic...

• Sep 10, 2023

Prime Minister Narendra Modi on Saturday announced launch of India-Middle East-Europe mega economic corridor. The project includes India, the UAE, Saudi Arabia, the European Union (EU), France,...

Incremental Cash Reserve Ratio to be discontinued in a...

• Sep 09, 2023

Reserve Bank of India (RBI) on Friday 8 said it had decided to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. “On a review, it has been decided to discontinue the...

Overheating of small-cap stocks brings fears of a downturn...

• Sep 08, 2023

A rally in Indian equities that has swelled the market’s total valuation by $775 billion in a little more than five months has been accompanied by a notable shift in investors’ preference to...

Ind-Swift Labs to sell API & CRAMS businesses to IndiaRF...

• Sep 07, 2023

Drug firm Ind-Swift Laboratories on Wednesday said that its board had approved to sell active pharmaceutical ingredients (APIs) and contract research and manufacturing services (CRAMS) businesses to...

Jio Financial Services set to be taken off Nifty 50, other...

• Sep 06, 2023

Jio Financial Services is slated to be removed from the Nifty 50 and other key indices of the National Stock Exchange (NSE), effective September 7.  This decision to exclude Jio Financial...

AT THE HELM - Sandeep Goyal, Chairman, Rediffusion

• Sep 05, 2023

It is not often that an employee ends up buying a company where he worked earlier. Sandeep Goyal accomplished that rare feat when his Mogae Consultants acquired Rediffusion in April 2021. Mr Goyal...

FACE TO FACE - “We Are Planning More Boutique...

• Sep 05, 2023

Saddam Zaroo has played a vital role in revolutionising hospitality and handicraft industries in Kashmir. Born into a family deeply rooted in business, Mr Zaroo was exposed to the complexities...

HOT SEAT - A Passionate Philanthropist: Sushma Lodha...

• Sep 05, 2023

Since her younger days, Sushma Lodha Singhvi nurtured a deep aspiration to establish a platform for underprivileged children. Ms Singhvi realised her childhood dream in 2004 by setting up Gunjan...

MANAGEMENT MANTRA - “Prioritise Customer Service”:...

• Sep 05, 2023

Inspired by his restaurateur father, Sudheer Behl, Ishaan Bahl ventured into Mumbai’s food and beverage industry at 22. Armed with fresh ideas and experiences from his time in Los Angeles and as...

SpiceJet allots 4.8 crore shares to nine lessors to clear...

• Sep 05, 2023

Low-cost carrier SpiceJet on Monday said that it had allotted over 4.8 crore shares to nine aircraft lessors to clear outstanding dues worth Rs 231 crore as the troubled airline looks to return to...

Input tax credit on items bought for distribution to...

• Sep 04, 2023

Businesses can claim input tax credit on items, like gold coins and white goods, procured for distribution to dealers upon achieving pre-specified sales targets as a part of promotional schemes, a...

Uday Kotak quits as MD and CEO of Kotak Mahindra Bank

• Sep 03, 2023

Uday Kotak, who founded and leads Kotak Mahindra Bank, has resigned as managing director and chief executive four months before his term was set to end. Mr Kotak’s early exit from the...

SRAM and MRAM partners with GFPS for semiconductor project...

• Sep 03, 2023

In a significant development for the semiconductor industry, SRAM and MRAM has announced its partnership with the Global Forum for Policy and Strategy (GFPS), a Geneva-based organisation, to find a...

New orders drive manufacturing to fastest three-month...

• Sep 02, 2023

Manufacturing sector experienced its fastest growth in three months in August, propelled by robust increases in new orders and production, as indicated by a private survey. The Manufacturing...

BigBloc Construction’s majority promoters’ group...

• Sep 02, 2023

A majority of the promoters’ group and its entities of BigBloc Construction, one of India’s largest manufacturers of aerated autoclaved concrete blocks, bricks and panels, have decided to waive...

Real GDP expands by 7.8% in Q1 of FY24, nominal GDP grows...

• Sep 01, 2023

India’s Gross Domestic Product (GDP) clocked a growth rate of 7.8 per cent in the April-June quarter of FY24 compared with 13.1 per cent in the year ago period, data released by the National...

Chandrayaan-3’s success makes India a space power and...

• Aug 31, 2023

On August 23, at a little past 6 pm Vikram, the lander of Chandrayaan-3, landed on the moon’s South Pole. The success of Chandrayaan-3 is one of the most defining moments in the country’s...

India poised for driest August in 100 years as El Nino...

• Aug 30, 2023

India is poised to experience the driest August since 1901 which, senior meteorologists say, is a clear result of intensifying El Nino conditions. Also, the monsoon this year may end up being the...

Reliance sets Sept 19 Ganesh Chaturthi muhurat for 5G home...

• Aug 29, 2023

Reliance Jio would launch its 5G home broadband service, JioAirFiber, on September 19, RIL Chairman Mukesh Ambani said on Monday as he also outlined aggressive plans for AI terming it the “most...

FDI inflow into India dips by 34% to $10.94 billion in Q1...

• Aug 28, 2023

Foreign direct investment (FDI) into India declined by 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and...

No silver bullet for green transition, need government...

• Aug 27, 2023

There was “no silver bullet” for green transition in hard-to-abate sectors, including steel, Tata Steel global CEO and MD T V Narendran said on Saturday. He noted that it was a complex challenge...

Indore smartest city, Madhya Pradesh tops States in smart...

• Aug 26, 2023

Indore on Friday bagged the best National Smart City Award, followed by Surat and Agra. The Central government announced the India Smart Cities Awards for 2022 on Friday. Madhya Pradesh won the best...

Meta Platforms all set to release AI model to write...

• Aug 25, 2023

Meta Platforms on Thursday said that it would release an artificial intelligence (AI) model designed to assist in writing computer code, furthering its push into the new technology. Code Llama,...

CHANDRAYAAN 3: Vikram lander sets foot on south pole of the...

• Aug 24, 2023

Chandrayaan 3’s Vikram lander successfully touched down on the moon’s south pole on Wednesday evening, sparking jubilation across the country. But the arduous task lies ahead for India’s third...

Over 1,100 exhibitors, 15,000 visitors expected at Bangkok...

• Aug 24, 2023

Thailand’s Department of International Trade Promotion (DITP) and the Gem and Jewelry Institute of Thailand (GIT) conducted a roadshow in Jaipur recently for the 68th Bangkok Gems &...

El Nino, India’s export ban send global rice prices...

• Aug 23, 2023

Prices for rice grown in Kenya soared a while ago because of higher fertiliser prices and a years-long drought in the Horn of Africa that has reduced production. Cheap rice imported from India had...

RBI pushes banks to settle UAE-India trade payments in...

• Aug 22, 2023

The Reserve Bank of India (RBI) was nudging local banks to ask their clients to settle trade between the United Arab Emirates (UAE) and India using the dirham (AED) or the rupee (INR) to reduce...

Murugappa family members agree to settle disputes, withdraw...

• Aug 21, 2023

The Murugappa family has agreed to settle the disputes between the family branch of the late M V Murugappan (including Valli Arunachalam and Vellachi Murugappan) on the one side and the rest of the...

Centre slaps 40% duty on onion exports to tame its surging...

• Aug 20, 2023

The Centre on Saturday imposed a 40 per cent duty on onion exports. The move is aimed at cooling down the price of the kitchen staple, which is 20 per cent higher as compared to its last year...

Banks, NBFCs can levy ‘penal charges’ but not ‘penal...

• Aug 19, 2023

The Reserve Bank of India (RBI) has issued fresh guidelines to regulated entities (REs) such as commercial and other banks, NBFCs and other lenders to ensure reasonableness and transparency in...

Darjeeling tea industry a “patient in ICU & on death...

• Aug 18, 2023

Darjeeling tea industry was a “patient in ICU” and virtually on its death bed, Indian Tea Exporters' Association (ITEA) Chairman Anshuman Kanoria said on Thursday.  For the Darjeeling...

Union Cabinet’s nod for Rs 32,000-crore projects of...

• Aug 17, 2023

The Union Cabinet, presided over by Prime Minister Narendra Modi, has given the green light to seven multi-tracking projects, marking an investment of Rs 32,500 crore. Union Railway Minister...

Foxconn’s Hyderabad facility to make Apple AirPods by...

• Aug 16, 2023

iPhone maker Apple will start manufacturing its wireless ear buds, AirPods, at Foxconn’s Hyderabad factory, according to sources. Foxconn has approved an investment of $400 million for...

July retail inflation jumps to 15-month high at 7.44%,...

• Aug 15, 2023

Retail inflation spiked to a 15-month high of 7.44 per cent in July as tomatoes, vegetables and other food items turned costlier, overshooting Reserve Bank of India’s comfort level for the first...

Deloitte had urged for independent probe of Hindenburg’s...

• Aug 14, 2023

Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller. But the company said that the allegations had...

Alphabet’s $118-bn cash pile is a problem of plenty for...

• Aug 13, 2023

Alphabet is facing a new and, by most accounts, welcome problem –how to spend its rapidly-expanding pile of cash. The Google owner generated nearly $29 billion in cash in the second quarter...

Cressanda Solutions on-boards four new directors to...

• Aug 13, 2023

Cressanda Solutions, a prominent Indian company founded in 1985 and publicly listed on BSE, specialises in delivering cutting-edge information technology (IT), digital media and IT-enabled services...

Zerodha gets SEBI’s approval to start mutual fund, Vishal...

• Aug 12, 2023

Brokerage firm Zerodha has received in-principle approval from the SEBI to launch its asset management company (AMC). “We just received the final approval for the Zerodha AMC that we are...

Uttar Pradesh’s EV Roundtable Conference sparks interest...

• Aug 12, 2023

An EV Roundtable Conference – a premier gathering of ministers of Uttar Pradesh, senior officers and industry leaders – took place in Lucknow on Friday to deliberate upon and chart a course...

RBI keeps Repo Rate unchanged at 6.5% once again, concerned...

• Aug 11, 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the central bank’s Monetary Policy Committee (MPC) decided to keep the key Repo Rate unchanged at 6.50 per cent in line...

Hester Biosciences’ consolidated net profit for Q1 of...

• Aug 11, 2023

Hester Biosciences, one of India’s leading animal health companies manufacturing vaccines and health products, has reported consolidated net profit growth of 88 per cent of Rs 6.71 crore in Q1 of...

SEBI halves IPO listing time to 3 days, benefiting both...

• Aug 10, 2023

Capital markets regulator SEBI on Wednesday halved the timeline for listing of shares on stock exchanges after the closure of initial public offers (IPOs) to three days from six days at...

FACE TO FACE - “Challenging Times Make Startups...

• Aug 10, 2023

Sanjay Sarda is among a rare breed of business executives who have spent their career across very diverse sectors. An alumnus of IIT Kharagpur and IIM Ahmedabad, Mr Sarda’s three-decade-long career...

BofA sees Nifty soaring to 20,500 points by December 2023

• Aug 09, 2023

BofA Securities has revised its Nifty target for December 2023 to 20,500 from of 18,000, following a shift in perspective from expecting a mild recession to anticipating no recession in the...

Lok Sabha passes data protection Bill, Opposition walks...

• Aug 08, 2023

Amid protests, the Lok Sabha on Monday passed the Digital Personal Data Protection (DPDP) Bill, 2023, with a voice vote, bringing India a step closer to its first law that establishes how private or...

PM Modi lays foundation stone for redevelopment of 508...

• Aug 07, 2023

Prime Minister Narendra Modi on Sunday laid the foundation stone for redevelopment of 508 railway stations across the country virtually. The redeveloped stations would cost more than Rs 24,470...

Maruti targets to double production capacity to 40 lakh...

• Aug 06, 2023

Maruti Suzuki India planned to double its production capacity to 40 lakh units in nine years, said Chairman R C Bhargava on Saturday. Mr Bhargava hinted that the automaker might reorganise its...

AT THE HELM - Linda Yaccarino, CEO, Twitter

• Aug 05, 2023

New chief executives may have taken charge of a job as challenging as Linda Yaccarino’s. The 59-year-old media veteran, who assumed the office of CEO of Twitter in early June, is likely to face...

HOT SEAT - Tanya Khanna, Founder, Epistle

• Aug 05, 2023

Tanya Khanna was always enamoured with designs. She finally turned her obsession into her vocation in 2011 by setting up Epistle. The New Delhi-headquartered company claims to be the first and...

Job addition grows at slow pace, but US labour market still...

• Aug 05, 2023

The US economy added fewer jobs than expected in July, but solid wage gains and a decline in unemployment rate back to 3.5 per cent pointed to continued tightness in labour market...

Government puts import curbs on laptops, computers;...

• Aug 04, 2023

The government on Thursday imposed import restrictions on laptops, tablets and certain types of computers with immediate effect for security reasons and the need to promote domestic...

“Place Customers At The Heart Of Every Decision”:...

• Aug 03, 2023

Hitesh Singla’s passion for learning knows no bounds. This passion keeps him improving himself constantly and leads him from success to success. The head of marketing for KAI India – the...

Fitch downgrades US credit rating to AA+; US government...

• Aug 03, 2023

Rating agency Fitch on Wednesday downgraded the US government’s top credit rating. The move drew an angry response from the White House and surprised investors, coming despite the resolution of the...

Wockhardt to restructure US operations, ties up with Serum...

• Aug 03, 2023

Wockhardt, a global pharmaceutical and biotechnology company, is aiming to turn around its business operations and has perused important strategic initiatives for the purpose. The company is eying...

Market upbeat amid stable economy and robust foreign...

• Aug 02, 2023

The stock market is on fire. The BSE Sensex and the NSE Nifty have hit multiple highs in the past few months. The benchmark indices closed at their latest all-time highs in mid-July, with the Sensex...

Eight-segment core sector growth in June 2023 slows down...

• Aug 01, 2023

Growth of eight key infrastructure sectors slowed down to 8.2 per cent in June 2023 compared to the year-ago month due to a decline in production of crude oil, natural gas and electricity, according...

Banks ready to account for only 33% of emissions via...

• Jul 31, 2023

Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these emissions from their own carbon footprint, three...

Govt mulls expanding Semiconductor DLI scheme to big...

• Jul 30, 2023

Aiming to make India self-reliant in chips, the government was looking to expand the Semiconductor Design-Linked Incentive (DLI) scheme to bigger companies and not restrict it only to startups,...

SEBI mulls linking retail investors’ wealth to their...

• Jul 29, 2023

Market regulator SEBI is set to propose linking the amount of equity derivatives retail investors may trade to their wealth, two people with direct knowledge of the matter have said. With share...

FM hints at govt launching PLI for chemicals &...

• Jul 28, 2023

The government would consider introducing Production-Linked Incentive (PLI) scheme for chemicals and petrochemicals to encourage domestic manufacturing of these products, Finance Minister Nirmala...

MRPL becomes the largest PSU refinery at a single location

• Jul 27, 2023

Mangalore Refinery and Petrochemicals (MRPL), a subsidiary of ONGC, has become the largest PSU refinery at a single location in India for 2022-23. The company achieved the feat by processing 17.14 mt...

Global rice prices set to spike after India’s ban on...

• Jul 26, 2023

Prices of rice are set to surge after top exporter India banned a large chunk of shipments recently. India’s rice ban adds to the stress on global food markets that have already been roiled by bad...

ITC plans hive-off of its hotel business, to own 40% in...

• Jul 25, 2023

ITC said on Monday that it would spin off its hotel business, separating it from its cigarettes and food units, sending shares 4 per cent lower on Monday. The cigarettes-to-hotels conglomerate...

Bain Capital to acquire 90% of Adani Capital and Adani...

• Jul 24, 2023

US-based investment firm Bain Capital said on Sunday that it had entered into an agreement to acquire 90 per cent of Adani Capital and Adani Housing, buying out all of the Adani family’s private...

EssilorLuxottica dragged to court for inflating Ray-Ban...

• Jul 23, 2023

The French-Italian owner of Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate prices by as much as 1,000 per cent. Paris-based EssilorLuxottica, the...

Go First gets DGCA’s nod to restart flights after meeting...

• Jul 22, 2023

The Directorate General of Civil Aviation (DGCA) on Friday approved Go Airlines’ plan to resume operations if it could meet certain conditions. The aviation sector regulator’s riders included...

Air India finalises deal with CFM International for 800...

• Jul 21, 2023

Air India has finalised an order for over 800 CFM International LEAP-series engines to power its incoming fleet of 210 Airbus A320neo/A321neos and 190 Boeing 737 MAX family aircraft. Air India...

G20 finance ministers’ meet vows to address debt...

• Jul 20, 2023

The third meeting of G20 Finance Ministers and Central Bank Governors in Gujarat’s Gandhinagar ended on Tuesday without a consensus on the “language” of a communique regarding the...

PSBs in real danger of privatisation despite playing vital...

• Jul 19, 2023

All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said State-run lenders were in “real danger of privatisation” despite playing a crucial...

Sheela Foam snaps up Kurlon for Rs 2,035 crore, buys House...

• Jul 18, 2023

Sheela Foam, the maker of mattress brand Sleepwell, on Monday said it would acquire a 94.66 per cent stake in Kurlon Enterprises (KEL) for Rs 2,035 crore. The company also said it would acquire...

PFC chairperson Parminder Chopra presented Icon of the Year...

• Jul 18, 2023

Parminder Chopra, the director (finance) and CMD (additional charge) of Power Finance Corporation (PFC), has been awarded the prestigious Icon of the Year award by the Institute of Cost...

Xiaomi eyes retail stores to boost sales and regain Indian...

• Jul 17, 2023

China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president has said. The mobile phone company is seeking to revive...

PNB MetLife clocks over 99% claims settlement ratio in FY23

• Jul 16, 2023

PNB MetLife on Saturday said it had achieved a claim settlement ratio of 99.06 per cent and 99.70 per cent for individual and group customers’ claims respectively in FY23. Punjab National Bank...

IMF chief calls for joint action against slowing growth,...

• Jul 15, 2023

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that the world will be looking for joint action to address rising economic fragmentation, slowing growth and high...

China’s June exports plunge by 12.4%; post-COVID recovery...

• Jul 14, 2023

China’s exports fell last month at their fastest pace since the onset of the COVID-19 pandemic three years ago as an ailing global economy put mounting pressure on Chinese policymakers for fresh...

Manufacturing, mining push industrial production up by 5.2%...

• Jul 13, 2023

Industrial output rose by 5.2 per cent year-on-year in May, data from the Ministry of Statistics showed on Wednesday. Manufacturing, which accounts for about 17 per cent of the Indian economy,...

Horse racing, casinos and online gaming set to attract 28%...

• Jul 12, 2023

Group of Ministers (GoM) decided to levy a 28 per cent Goods and Services Tax (GST) on the full value of online gaming, horse racing and casinos with no distinction between games of skill and chance...

Costly vegetables may upset inflation calculation, pushing...

• Jul 11, 2023

A steeper-than-expected surge in prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5 per cent in the July-September quarter, according...

Delhi HC rejects PepsiCo’s plea against order scrapping...

• Jul 10, 2023

The Delhi High Court recently rejected PepsiCo’s appeal against an order that had revoked a patent for a potato variety grown exclusively for the New York-based company’s...

Supreme Court orders SpiceJet to pay Maran in...

• Jul 08, 2023

In a jolt to low-cost airline SpiceJet, the Supreme Court on Friday refused to extend the time for making payment to media baron Kalanidhi Maran and his Kal Airways in pursuance of an arbitral award...

Time for submitting PAN-linked bank a/c details likely to...

• Jul 07, 2023

The GST Council is likely to reduce the time for submission of PAN-linked bank account details of a person seeking registration with tax authorities from 45 days to 30 days. The move is aimed at...

Tridhya SME IPO subscribed by over 72 times, issue price...

• Jul 07, 2023

Initial public offer (IPO) of Ahmedabad-based software development company, Tridhya Tech, was subscribed by over 72 times, the company has said in a release on Thursday.  Tridhya’s Rs...

Prime Minister Modi’s State visit adds depth to Indo-US...

• Jul 06, 2023

Prime Minister Narendra Modi’s recent State visit to the US brought the two nations closer to each other than ever before. Mr Modi’s three-day engagements with US President Joe Biden, other...

AT THE HELM - Ravneet Kaur, Chairperson, CCI

• Jul 05, 2023

In May this year, Ravneet Kaur took charge as the first, full-time, woman chairperson of the Competition Commission of India (CCI). The competition regulator was without a full-time chairperson...

MANAGEMENT MANTRA - “Embrace Change And Innovation”:...

• Jul 05, 2023

Vinay Kumar Singh always believes in constantly learning and adapting to new challenges and opportunities. So, when Mr Singh was offered an opportunity to head Thomson Digital, he happily made the...

FACE TO FACE - “We Will Open 100 Hotels by 2030”: S P...

• Jul 05, 2023

Pride Hotels started way back in 1988 with a single property in Pune. Over the past three decades, the Mumbai-headquartered hospitality company has grown manifold with presence in 56 locations...

HOT SEAT - Full Of Gusto: Mansi Gambhir, Founder, The Gusto

• Jul 05, 2023

In 2014, an accomplished engineer with extensive corporate experience threw her cushy job away and took the entrepreneurial plunge. She discovered her true calling in the world of bags with...

RBI rejects applications of three entities for small...

• Jul 05, 2023

The Reserve Bank of India (RBI) has rejected three applications, including that of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for...

Board of directors of IDFC First Bank agrees for its merger...

• Jul 04, 2023

The board of directors of IDFC First Bank on Monday approved the Scheme of Amalgamation of IDFC with IDFC First Bank.The merger will take place with a share exchange ratio of 155 equity shares of...

Fast repricing of loans aids banks’ NIM to rise to 3.3%...

• Jul 03, 2023

Banks’ net interest margin (NIM), a key profitability gauge, grew by 46 basis points to 3.3 per cent in the January-March quarter, driven by slower deposit rate resetting, an analysis shows. This...

Net profit of PSBs’ nearly triples to Rs 1.04 l cr in...

• Jul 02, 2023

Finance Minister Nirmala Sitharaman on Saturday said that public sector banks’ (PSBs) profit in the last nine years tripled to Rs 1.04 lakh crore due to initiatives taken by the government and...

India set to import 35% more tur at 12 lakh tonnes to check...

• Jul 01, 2023

Facing a sharp rise in tur prices amid lower production, India will import 12 lakh tonnes of the pulse in the current financial year, up by 35 per cent from the last year’s imports, to...

GST@6: Rs 1.5 l cr revenue new normal & many challenges...

• Jun 30, 2023

Six years after rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal. Besides, tax officers are focusing...

Banks’ net NPAs fall to a decade low of 3.9%, reveals...

• Jun 29, 2023

Scheduled commercial banks’ (SCBs) net non-performing assets (NPA) ratio fell to a 10-year low of 3.9 per cent in March 2023, the Reserve Bank of India (RBI) noted in the latest edition of its...

CAD for Q4 of FY23 falls to 0.2% of GDP, aided by lower...

• Jun 28, 2023

India’s current account deficit (CAD) narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in...

Tomato scores over a century in retail markets as delayed...

• Jun 27, 2023

Prices of tomatoes have surged up between Rs 80 and Rs 120 per kg in the retail market, while wholesale prices have gone up to Rs 65 to Rs 70 per kg. Delayed monsoon and possibility of weak rainfall...

Uttar Pradesh government approves Rs 36-l-cr investment...

• Jun 26, 2023

The Uttar Pradesh government had approved investment proposals worth about Rs 36 lakh crore that had emerged out of a memorandum of understanding signed during the State’s investors’ summit a...

World Bank’s $255.5-million loan to improve technical...

• Jun 25, 2023

The World Bank has approved a $255.5-million loan for improving the quality of technical education in government-run institutions in India. Over the next five years, the project will support around...

Personal consumption, investments losing steam due to high...

• Jun 24, 2023

Inflation was slowing down personal consumption expenditure, which in turn was moderating corporate sales and holding back private investment in capacity creation, said a Reserve Bank of India (RBI)...

GE-HAL deal paves the way for joint production of jet...

• Jun 23, 2023

In a landmark announcement, GE Aerospace on Thursday said that it had inked a pact with Hindustan Aeronautics (HAL) to jointly produce fighter jet engines for Indian Air Force’s Light Combat...

FTC files suit against Amazon, alleging e-tailer of duping...

• Jun 22, 2023

The US Federal Trade Commission (FTC) filed suit against Amazon.com on Wednesday, accusing the retailer of enrolling millions of consumers into its paid subscription Amazon Prime service without...

Union Cabinet gives nod for Micron Technology’s...

• Jun 21, 2023

The Union Cabinet approved US chipmaker Micron Technology’s $2.7-billion plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday as Prime Minister...

IndiGo seals largest-ever aircraft deal with Airbus for 500...

• Jun 20, 2023

Budget carrier IndiGo on Monday announced placing a firm order for 500 narrow-body planes with Airbus. This is the largest-ever aircraft order placed by any airline with Airbus. Financial...

Govt may kick off NSL’s selloff after commissioning its...

• Jun 19, 2023

The government is likely to invite financial bids for privatising NMDC Steel (NSL) only after commissioning of the blast furnace at the company’s steel plant in Chhattisgarh, according to...

Russian oil may account for 30% of Indian imports by FY24:...

• Jun 18, 2023

Russia may account for almost a third of India’s oil imports by the end of the current financial year, Arun Kumar Singh, the chairman and CEO Oil and Natural Gas Corporation (ONGC), was cited as...

Late monsoon set to see spike in FY24 inflation, warns...

• Jun 17, 2023

A German brokerage on Friday warned that with the delayed monsoon, there was no scope for complacency on inflation even though official data for May had shown a cool-off. Deutsche Bank said that it...

Import clearance time drops by 11% for air cargo complexes,...

• Jun 16, 2023

Average time taken for Customs clearance of imports has dropped by 11 per cent at air cargo complexes and 9 per cent across seaports, a Central Board of Indirect Taxes and Customs (CBIC) study has...

IEA flags China risk to crude oil and products as its spare...

• Jun 15, 2023

China is both the biggest driver of future demand for crude oil and the biggest risk to global refining as it will continue to hold much of the world’s spare capacity. The International Energy...

Two-decade-old, mega hydro-project Subansiri Lower set to...

• Jun 14, 2023

India is close to starting a mega hydropower project that has been in the works for 20 years, a key step in the country’s energy transition.State-run hydropower company NHPC will start trial runs...

As food prices drop, retail inflation hits 25-month low of...

• Jun 13, 2023

Consumer Price Index (CPI)-based inflation cooled to a 25-month low of 4.25 per cent in May as food price rises slowed further, drawing closer to the Reserve Bank of India’s (RBI) medium-term...

Moody’s sees India’s Q1 FY24 GDP growth at 6%, flags...

• Jun 12, 2023

Moody’s on Sunday said that the Indian economy was expected to clock 6-6.3 per cent growth in June quarter. The rating agency also flagged risks of fiscal slippage arising from weaker-than-expected...

India tops global digital payments ranking with 89.5 mn...

• Jun 11, 2023

India has emerged as the frontrunner in digital payments, surpassing four other countries, with a staggering 89.5 million digital transactions recorded in 2022, according to data sourced from...

Top Xiaomi executives, 3 foreign banks get ED notices for...

• Jun 10, 2023

The Enforcement Directorate (ED) on Friday said it had issued show-cause notices to Chinese mobile manufacturer Xiaomi, its Chief Financial Officer and Director Sameer Rao, former MD Manu Kumar Jain...

RBI maintains status quo for the second time as CPI...

• Jun 09, 2023

The Reserve Bank of India (RBI) on Thursday opted for a pause for the second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderated.The rate increase cycle was...

Ramesh Chand calls for focus on manufacturing to transform...

• Jun 08, 2023

India did not consist of binary rural and urban areas anymore, and the country needed to look at taking manufacturing to its villages to fill the income gap and achieve its development goals, experts...

RBI’s nod for banks to offer NDF contracts to resident...

• Jun 07, 2023

The Reserve Bank of India (RBI) has issued rules allowing banks to offer non-deliverable forward (NDF) contracts involving the rupee to resident Indians. These contracts can be issued to...

HOT SEAT - Top-Notch Campaigner: Monica K Dhawan, Ceo,...

• Jun 06, 2023

Monica Dhawan firmly believes that employees are and should be at the core of any business. The CEO and  executive director of Fusion Corporate Solutions – which was founded in 1999 in...

MANAGEMENT MANTRA - “Loyalty Is Not A One-Way Street”:...

• Jun 06, 2023

Back in 2002, Sukhbir Dhaliwal came up with the idea of providing innovative and affordable financing solutions to businesses throughout Canada. The idea took the shape of Peel Financial. Over the...

Twitter’s US ad sales drop by 59% amid spurt in hate...

• Jun 06, 2023

Elon Musk had recently said that Twitter’s advertising business was on the upswing. “Almost all advertisers have come back,” he had asserted, adding that the social media company could soon...

AT THE HELM - Ajaypal Singh Banga, President, World Bank

• Jun 06, 2023

Early in May, Ajaypal Singh Banga, better known as Ajay Banga, created history after being unanimously elected the president of the World Bank. The prestigious post, usually occupied by an...

Bankers, experts expect RBI to pause rate hike as inflation...

• Jun 05, 2023

The Reserve Bank of India (RBI) will maintain the policy Repo Rate at 6.5 per cent during its upcoming June 8 announcement, anticipate experts. They reason out that easing of retail inflation in...

PM Modi’s nine years transform India in amazing ways amid...

• Jun 03, 2023

Prime Minister Narendra Modi’s government completed nine years in power last month. The nine years of Mr Modi’s BJP-led NDA government have transformed India in amazing ways. Many path-breaking...

Aditya Birla Group to pour Rs 1,250 crore into Aditya Birla...

• Jun 02, 2023

Aditya Birla Group is set to pump in Rs 1,250 crore into its financial services arm Aditya Birla Capital (ABCL). The board of ABCL, which is into lending, asset management and insurance, on Thursday...

GDP grows by 7.2% in FY23, powered by agriculture,...

• Jun 01, 2023

The Indian economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing annual growth rate to 7.2 per cent. The good show in the country’s Gross Domestic Product (GDP) was on...

RBI’s digital currency pilot project to be expanded to...

• May 31, 2023

The RBI has said that the Central Bank Digital Currency (CBDC) pilot is being expanded to include more banks. The first pilot in the Digital Rupee-Wholesale Segment (e rupee-W) had commenced on...

Net-zero emission in mind, ONGC lines up Rs 1 lakh crore by...

• May 30, 2023

ONGC would invest Rs 1 lakh crore by 2030 on energy transition projects as it targeted net-zero carbon emissions by 2038, its chairman Arun Kumar Singh said on Monday. The company joins fellow...

384 infrastructure projects suffer cost overrun of Rs 4.66...

• May 29, 2023

Some 384 infrastructure projects were hit by cost overruns in the January-March quarter, while their individual estimated cost was hovering around Rs 150 crore.According to the Ministry of Statistics...

Prime Minister Narendra Modi appeals to States to be...

• May 28, 2023

Prime Minister Narendra Modi urged States to take “financially-prudent decisions” as top Central and State leaders gathered in New Delhi on Saturday for the eighth meeting of the Governing...

Stuck in time and set against a bleak future, Germany...

• May 27, 2023

Germany’s Gross Domestic Product (GDP) contracted by 0.3 per cent for the January-March 2023 quarter when adjusted for price and calendar effects, marking the country’s slide into recession. This...

About 3,600 IT workers lose jobs, thanks to global...

• May 26, 2023

Nearly 6 per cent of outsourced contract workers have lost jobs in India’s information technology (IT) sector in the January-March period compared to those in the previous quarter, following the...

Narayana Murthy’s Catamaran to double investments to $2...

• May 25, 2023

The money manager of billionaire Infosys founder Narayana Murthy will hire professionals and double its $1 billion in investments in the next five years, betting that India will emerge as a...

European Commission pleads court to get Apple to pay $14.3...

• May 24, 2023

EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros ($14.3 billion) in Irish back taxes. The...

NCLAT upholds Go Air’s bankruptcy, leaving aircraft...

• May 23, 2023

The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency proceedings against cash-strapped airline, Go First, in what seems to be a big blow for aircraft lessors who had...

Post-Rs 2,000 note scrap plan, jewellers get more enquiries...

• May 22, 2023

Jewellers in India, the world’s second-largest gold consuming country after China, have started receiving more enquiries for purchase of gold or silver immediately after the Reserve Bank of...

SEBI moots slashing time for listing of shares from six to...

• May 21, 2023

Capital markets regulator SEBI has proposed to reduce time taken for listing of shares on stock exchanges after closure of initial public offers (IPOs) to three days from six days at...

Rs 2,000 banknotes to be withdrawn, can be exchanged by...

• May 20, 2023

The Reserve Bank of India (RBI) has decided to withdraw Rs 2,000 denomination banknotes from circulation and asked people to exchange or deposit them by September 30,2023. In a statement...

China’s unforgiving loan terms driving poor countries...

• May 19, 2023

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most...

Hinduja Group patriarch S P Hinduja passes away at 87 in...

• May 18, 2023

S P Hinduja, 87, the eldest of four Hinduja brothers and Hinduja Group chairman, died in London on Wednesday. He was unwell for some time, said the family spokesperson. Hinduja was chairman of the...

Banks seek more time from RBI for new loan provisioning...

• May 17, 2023

Banks have requested the RBI for one more year to implement the system of Expected Credit Loss (ECL) for provisioning of loans. At present, banks set aside money after an asset turns bad, and once...

Russia very keen on having more trade with India in local...

• May 16, 2023

India and Russia have been settling some of their non-oil trade in rupees since the beginning of this year, a top official of State-run lender UCO Bank, which is involved in the transactions, has...

ONGC cancels bids for Daman gas project, citing high quotes

• May 15, 2023

State-owned Oil and Natural Gas Corporation (ONGC) has cancelled bids received for its Daman upside gas development project off the western coast due to high price quotes, sources have said. The...

As US inflation slows down, Federal Reserve likely to pause...

• May 14, 2023

US inflation has showed more signs of moderating in April, giving the Federal Reserve room to pause interest rate increases soon.Key drivers of underlying US price pressures began receding in April,...

April CPI slides to 4.7% as food inflation eases; IIP...

• May 13, 2023

Consumer Price Index (CPI)-based inflation fell to 4.7 per cent in April, data from the Ministry of Statistics and Programme Implementation (MoSPI) showed on Friday. In March, retail inflation was...

Relief for Gameskraft as Karnataka High Court junks Rs...

• May 12, 2023

The Karnataka High Court on Thuursday quashed a GST notice for Rs 21,000 crore, slapped on Gameskraft, the firm behind RummyCulture. The notice by the Directorate General of GST Intelligence,...

McLeod Russel and IL&FS close to out-of-court settlement of...

• May 11, 2023

Bulk tea producer McLeod Russel India and financial services firm IL&FS Group, engaged in negotiations for an out-of-court settlement, may agree on repayment of about 60 per cent of the...

Foxconn buys 300 acres near Bengaluru for mobile phone plant

• May 10, 2023

Hon Hai Precision Industry has bought a 300-acre land for approximately Rs 300 crore in the Bengaluru rural district of Karnataka, filings with the London Stock Exchange (LSE) show. The purchase was...

Lessors seek deregistration of Go First’s 36 planes;...

• May 09, 2023

In less than week of cash-strapped Go First cancelling all its flights, lessors have sought deregistration of a total of 36 planes, with requests coming for taking back 13 more aircraft on Monday....

Paytm set to be free cashflow positive in near future: CEO...

• May 08, 2023

Payments firm Paytm aimed to become “free cashflow positive in the near future”, Chief Executive Vijay Shekhar Sharma said in a letter to shareholders on Sunday. “This has been possible by...

Charles III crowned King of UK and 14 other realms in a...

• May 07, 2023

King Charles and Queen Camilla were crowned on a historic day of pageantry on Saturday, capped by cheering by crowds in front of Buckingham Palace. Thousands packed the Mall despite the rain,...

HOT SEAT - Green Fashionista: Supriya Shirsat Satam,...

• May 06, 2023

Supriya Shirsat Satam is deeply passionate about art and environment. In fact, the founder and creative director of FOReT – a Mumbai-based sustainable fashion brand that promotes eco-friendly...

MANAGEMENT MANTRA - “Implement Profit Sharing”: Aditya...

• May 06, 2023

Aditya Gupta’s awe-inspiring and successful business journey is a lesson worth teaching in management schools. It was with sheer hard work, planning and determination that the founder of The Rug...

CBI raids old offices of Naresh Goyal, Jet Airways in Rs...

• May 06, 2023

Jet Airways founder Naresh Goyal and old offices of the airline were raided by the Central Bureau of Investigation (CBI) on Friday in connection with a case of alleged bank fraud amounting to Rs 538...

AT THE HELM - Pieter Elbers , CEO, IndiGo Airlines.

• May 06, 2023

It is a little over six months since Petrus Johannes Theodorus Elbers – better known as Pieter Elbers – took over as CEO of IndiGo Airlines. The past six months have witnessed breathtaking...

Follow KYC norms in cross-border and domestic wire...

• May 05, 2023

The Reserve Bank of India (RBI) on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contained complete information about the...

Former chief of Mastercard Ajay Banga elected World Bank...

• May 04, 2023

The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2. The election ushers in the India-born finance...

Go First cancels flights, blames P&W for woes, files for...

• May 03, 2023

Go First on Tuesday filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi. The airline said that it was no longer in a position to continue to...

Gross GST mop-up at Rs 1.87 l cr in April – highest-ever...

• May 02, 2023

The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July...

Vedanta Chairman Anil Agarwal unveils aggressive expansion...

• May 01, 2023

Mining mogul Anil Agarwal is pushing ahead with an aggressive plan to raise oil and gas production, expand output of metals like zinc and aluminium and foray into semiconductor manufacturing,...

SoftBank’s Arm, likely to have filed for US IPO, set for...

• Apr 30, 2023

SoftBank Group Corp’s chip-maker Arm had filed with regulators confidentially for a US stock market listing, people familiar with the matter said on Saturday, setting the stage for this year’s...

Banks throw caution to the winds and make lower provision...

• Apr 29, 2023

India’s banks spent most of the last decade out in the wilderness as a punishment for lax underwriting standards on their corporate loans. Now, they have regained their health, restored...

Godrej to buy Raymond Consumer’s FMCG business for Rs...

• Apr 28, 2023

Godrej Consumer Products on Thursday said that it had signed an agreement to acquire the FMCG business of Raymond Consumer Care for Rs 2,825 crore. Raymond Consumer Care primarily operates in...

At Rs 9,650 cr, Hinduja Group company highest bidder for...

• Apr 27, 2023

A Hinduja Group firm on Wednesday emerged the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction, sources said. The bid by...

States’ capex rises by 11.9% in April-February FY23 due...

• Apr 26, 2023

The thrust given to capital expenditure (capex) by the Centre had encouraged the States to increase their capex, the Union Finance Ministry said on Tuesday. Quoting data from the Controller...

Ipca to buy 33.38% in Unichem for Rs 1,034 cr to move to...

• Apr 25, 2023

Ipca Laboratories will be buying a 33.38 per cent stake in Unichem Laboratories for Rs 1,034.06 crore, IPCA has said in a stock exchange filing. After receiving approval from the Competition...

GST officers tap data analytics to prevent tax evasion...

• Apr 24, 2023

Goods and Services Tax (GST) officers are using data analytics to ascertain if the entire supply chain in a particular sector is paying adequate GST, or if there is a missing link, an official has...

Urban unsold housing stock slips by 6% in January-March...

• Apr 23, 2023

Unsold housing stocks fell 6 per cent during January-March to nearly 5.18 lakh units across 14 cities compared to those of previous quarter on better sales, according to data analytic firm...

US cities struggle to raise funds as shortage of...

• Apr 22, 2023

The municipality of Marion had planned to finance a new $10-million firehouse with a bond deal later this year. But that project and others are on pause because the city north of Columbus, Ohio, does...

LPG connections double to 31.26 crore in 9 nine years,...

• Apr 21, 2023

A record 17 crore new LPG connections helped double the cooking gas consumer base to 31.26 crore in the last nine years, ushering in clean fuel in millions of households across the country, official...

Funds crunch, falling consumption spell doom for India’s...

• Apr 20, 2023

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely...

Apple opens India’s first retail store in Mumbai’s...

• Apr 19, 2023

Iconic consumer technology company Apple’s first retail store in the country became operational in Mumbai on Tuesday with Chief Executive Tim Cook opening its doors for customers. Excitement...

Indian Railways clocks 25% rise in FY23 revenue at Rs 2.40...

• Apr 18, 2023

Indian Railways on Monday posted a 25 per cent growth in its revenues to Rs 2.40 lakh crore for the financial year 2022-23 (FY23). This jump in revenues is nearly Rs 49,000 crore more than those...

CHEMEXCIL achieves $30 billion of exports for FY23

• Apr 17, 2023

CHEMEXCIL (Basic Chemicals, Cosmetics and Dyes Export Promotion Council) – set up by the Union Ministry of Commerce and Industry – clocked $30 billion of exports of organic and inorganic...

Pride Hotels launches Bhopal property, its third hotel in...

• Apr 17, 2023

Pride Hotels Group has added another landmark in central India with launch of Pride Hotel Bhopal. Conveniently located in the heart of the city, the hotel is easily accessible to prominent tourist...

Global regulators must focus immediate attention on crypto...

• Apr 16, 2023

Issues related to crypto assets require immediate attention, and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance...

Closing gender gap in farming can add $1 trillion to global...

• Apr 15, 2023

Eliminating discrimination against women in agriculture could increase the size of the world economy and reduce hunger at a time when a record 345 million people are expected to face acute food...

Soaring milk prices may upset government’s inflation &...

• Apr 14, 2023

Milk is ubiquitous in India – from the morning glassful that most middle-class school kids glug to its use in Hindu religious rituals. Now, it could become a headache for Prime Minister Narendra...

CPI inflation for March drops to 5.66% below RBI’s...

• Apr 13, 2023

Retail inflation as measured by the Consumer Price Index (CPI) fell to 5.66 per cent in March, according to data from the Ministry of Statistics and Programme Implementation on Wednesday. The...

IMD’s normal monsoon forecast bodes well for farm output,...

• Apr 12, 2023

India, which relies on rain for the vast share of its water, forecast that monsoon will be normal this year, potentially bolstering the outlook for agriculture production and economic...

India Ratings sees marginal rise in States’ capex in FY24...

• Apr 11, 2023

India Ratings on Monday said that share of combined capital expenditure (capex) of States in the Gross Domestic Product (GDP) might improve marginally to 2.8 per cent in FY24 from 2.5 per cent in...

India Inc’s profits for Q4 of FY23 likely to be modest in...

• Apr 10, 2023

Corporate profits for the March 2023 (Q4 of FY23) quarter are expected to be modest with the year-on-year (y-o-y) growth in high single digits. Earnings for the Nifty 50 set of companies are...

Temasek Holdings acquires 41% more stake in Manipal...

• Apr 09, 2023

Singapore government-owned fund Temasek Holdings has acquired leading hospital chain Manipal Hospitals by owning about 59 per cent stake, according to a media report. Temasek-owned Sheares Health,...

Despite a fall in prices, food still remains costly across...

• Apr 08, 2023

World food prices were still high but had fallen by a fifth compared to a year ago when prices had soared to a monthly record high after Russia had invaded agricultural powerhouse Ukraine, UN data...

New natural gas pricing formula gets nod; gas price to be...

• Apr 07, 2023

The Union Cabinet on Thursday approved a new formula for pricing of natural gas and imposed cap or ceiling price to rein in runaway prices of CNG and piped cooking gas.Natural gas produced from...

HOT SEAT - Couturiere For Kids: Swati Saraf, President, Les...

• Apr 06, 2023

A pragmatic person with a cheerful disposition, Swati Saraf is an entrepreneur and president of Les Petits. The brand was born out of her desire to create an end-to-end shopping destination for...

MANAGEMENT MANTRA - “Have Clarity Of Vision”: Vikash...

• Apr 06, 2023

Vikash Khandelwal, a chartered accountant and cost accountant is a senior banking and financial services industry specialist having spent over two decades across multiple financial services...

SEBI’s code of conduct for advertisements of investment...

• Apr 06, 2023

Markets regulator SEBI on Wednesday came out with an advertisement code for investment advisers and research analysts, whereby they have been prohibited from issuing statements which may mislead...

AT THE HELM - Rohit Jawa, MD and CEO, Hindustan Unilever

• Apr 06, 2023

Rohit Jawa is all set to take over as MD and CEO of Hindustan Unilever (HUL) on June 27. Mr Jawa will succeed Sanjiv Mehta, who will retire as HUL’s MD and CEO on that day after leading the...

Large deposits of lithium found in Andhra’s Anantapur a...

• Apr 05, 2023

Hyderabad-based National Geophysical Research Institute has found large deposits of 15 rare earth elements (REE) in Andhra Pradesh’s Anantapur district.REE of the lanthanide series are critical...

SpiceJet spins off cargo and logistics business into...

• Apr 04, 2023

SpiceJet on Monday said that it had hived off its cargo and logistics business, SpiceXpress, into a separate entity – SpiceXpress and Logistics – from April 1.  The spin-off resulted in...

India’s foreign trade likely to have surpassed $1.6...

• Apr 03, 2023

India’s foreign trade is expected to have crossed $1.6 trillion during the just-concluded financial year despite global economic uncertainties, economic think-tank Global Trade Research Initiative...

March unemployment rate up at 7.80%, urban joblessness rate...

• Apr 02, 2023

Joblessness as measured by the CMIE Unemployment Rate rose to 7.8 per cent in March this year, marginally higher than 7.45 per cent registered in February. According to the data, urban...

Defence Ministry inks pacts with shipyards to buy offshore...

• Mar 31, 2023

In line with the government’s vision of Aatmanirbhar Bharat, the Ministry of Defence on Thursday signed contracts with Indian shipyards for acquisition of 11 next-generation offshore patrol vessels...

NCLAT upholds Rs 1,338-crore fine on Google, scraps CCI’s...

• Mar 30, 2023

An appellate tribunal on Wednesday handed out a mixed verdict on Google’s alleged anti-competitive practices in the Android mobile devise case – upholding a fine of Rs 1,338 crore but scrapping...

Blue Star launches around 75 models of air-conditioners

• Mar 29, 2023

Blue Star on Tuesday unveiled its new comprehensive range of air-conditioners (ACs) – including a ‘best-in-class affordable’ range and a ‘flagship premium’ range – for this summer season....

RBI set to pause Repo Rate hike in April monetary policy...

• Mar 28, 2023

The Reserve Bank of India (RBI) is expected to pause its interest rate hike. The current 6.5 per cent Repo Rate could be the terminal rate for now, said SBI Research in its latest Ecowrap report on...

Paytm gets extension from RBI for a payment aggregator...

• Mar 27, 2023

Indian financial technology company Paytm Payments Services has received an extension from the country’s banking regulator to apply for a payment aggregator licence. The company aims to reapply in...

Vedanta seeks RBI’s approval to raise $1-billion bonds...

• Mar 26, 2023

Vedanta has reportedly sought approval from the Reserve Bank of India (RBI) to give guarantees for a $1-billion loan that it plans to raise via one of Vedanta’s foreign subsidiaries. Anil...

NSE decides to roll back 6% hike in transaction charges in...

• Mar 25, 2023

National Stock Exchange (NSE) has decided to roll back the 6 per cent hike in transaction charges in the cash equities market and equity derivatives segments from April 1. The higher charges...

ONDC ties up with Bengaluru’s Namma Yatri, forays into...

• Mar 24, 2023

India’s open e-commerce network Open Network for Digital Commerce (ONDC) on Thursday marked its foray into the mobility sector, tying up with a ride-hailing company in the tech city of Bengaluru to...

IFC’s Rs 600-cr investment in M&M’s subsidiary NewCo to...

• Mar 23, 2023

World Bank arm IFC is investing Rs 600 crore in NewCo, which is a subsidiary of Mahindra & Mahindra (M&M). The investment aims to scale up electric vehicles (EVs), including three-wheelers...

RBI optimistic of India’s GDP growing in FY24 as rest of...

• Mar 22, 2023

Notwithstanding global slowdown and bank collapses in the US, a Reserve Bank of India (RBI) article on Tuesday took a sanguine view that Indian economy might maintain the current year’s pace of...

Credit Suisse-UBS merger costs Switzerland a third of its...

• Mar 21, 2023

Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in State and central bank support, a third of the country’s Gross Domestic Product (GDP). The huge amount...

Unknown firms’ tankers keep Russian oil flowing freely...

• Mar 20, 2023

At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside. A guy from a neighbouring office...

Govt, 27 companies sign 57 MoUs under PLI Scheme for...

• Mar 18, 2023

The Ministry of Steel on Friday signed 57 MoUs with 27 companies under the government’s Production-Linked Incentive (PLI) Scheme, particularly for speciality steel. After signing the...

Google’s “castle-and-moat strategy” killing...

• Mar 17, 2023

Fair trade regulator Competition Commission of India (CCI) on Thursday alleged that Google had created digital data hegemony and called for a market space with “free, fair and open competition”....

Bar Council permits foreign lawyers, law firms to practise...

• Mar 16, 2023

The Bar Council of India (BCI) has decided to permit foreign lawyers and law firms to practise in areas such as foreign law, international legal issues and arbitration matters. The BCI has added that...

Lending rates set for a 150-bps jump in FY24 as banks’...

• Mar 15, 2023

Given a sharp rise in banks’ marginal cost of funds, the system-wide lending rates are set to shoot up by 100-150 basis points (bps) in the next financial year, expediting monetary policy...

Retail inflation for February drops marginally to 6.44% as...

• Mar 14, 2023

Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items, government data released on Monday showed. Inflation rate...

Inflation set to lower in a year, notes Ashima Goyal,...

• Mar 13, 2023

Inflation was expected to come down over the year, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on Sunday. She asserted that the government’s supply-side action coordinated with a...

SVB’s crash set to spread the world over, startups...

• Mar 12, 2023

The fallout from the collapse of Silicon Valley Bank (SVB) is starting to spread around the world. SVB’s UK unit is set to be declared insolvent and has already ceased trading and is no longer...

New PMLA rules bring politically-exposed persons under...

• Mar 11, 2023

The government amended rules under the anti-money laundering law on Friday, making it mandatory for banks and financial institutions to record financial transactions of politically-exposed persons...

US companies’ layoffs in January and February hit a...

• Mar 10, 2023

Layoffs by US companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced, a report showed on...

Rapid solar energy addition cannot avert likely surge in...

• Mar 09, 2023

India faces a high risk of night-time power cuts this summer and in coming years as delays in adding new coal-fired and hydropower capacity could limit the country’s ability to address surging...

Assam pitches itself as “most film tourism-friendly...

• Mar 08, 2023

Assam Tourism conducted a roadshow at the Grand Hyatt in Mumbai on Tuesday to promote Assam as the most film tourism-friendly State that fast-tracks single-window clearances for shooting movies. Some...

Daily transactions via UPI rise by 50% to over 36 crore in...

• Mar 07, 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that payments through UPI (Unified Payment Interface) had grown exponentially in the past 12 months with daily transactions...

India’s per capita income doubles in 8 years, but gains...

• Mar 06, 2023

India’s per capita income in nominal terms has doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power. But uneven distribution of income remains a challenge. According to...

AT THE HLEM - Neal Mohan, CEO, YouTube

• Mar 06, 2023

Neal Mohan, a YouTube insider, is the new CEO of the social media platform. The 49-year-old top executive, who was until recently YouTube’s chief product officer, succeeds Susan Wojcicki. Ms...

MANAGEMENT MANTRA - “Keep Innovating”: Kishore...

• Mar 05, 2023

One fine day, an IIT graduate with a plush job at Intel quit it to start a farm in India. The farmer in him pushed the IT engineer to go back to his roots. The entrepreneur in him nudged him to...

HOT SEAT - For A Healthy Woman: Richa Pendake, Founder,...

• Mar 05, 2023

A woman herself, Richa Pendake naturally understands women very well. The founder of Mumbai-headquartered Nutrizoe has built her company as a women’s complete nourishment entity, focused on...

Govt not in a crazy rush to sell everything, will be in...

• Mar 05, 2023

The government was not in a “crazy rush” to sell everything, and it would continue to have presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on...

“Never defaulted, and we won’t now”, stresses...

• Mar 04, 2023

Cash-strapped Pakistan’s Finance Minister Ishaq Dar on Friday said that his country had “never defaulted, and we won’t now” as it awaited a much-needed $1.1-billion tranche of funding from...

Pride launches India Dekho With Pride to promote offbeat...

• Mar 03, 2023

For every beautiful tourist destination in India, there is an equally attractive alternative that remains unexplored. Keeping this reality of Indian tourism in mind, Pride Hotels Group has recently...

Apex court panel to probe alleged market norms violation by...

• Mar 03, 2023

The Supreme Court on Thursday set up a six-member expert committee “to investigate if there was a regulatory failure in dealing with the alleged contravention of laws pertaining to the securities...

A sober reading of Q3 numbers reveals that economic...

• Mar 02, 2023

The GDP numbers for the October-December 2022 quarter were subdued at 4.4 per cent. The latest growth figures put out by the NSO showed a consistent decline for the current financial year from 13.5...

Q3 FY23 GDP growth slows down by 4.4%, dented by rate...

• Mar 01, 2023

The country’s Gross Domestic Product (GDP) for the October-December 2022 quarter moderated to 4.4 per cent, data shared by the Ministry of Statistics and Programme Implementation showed on...

Finally, some relief for depositors as real interest rates...

• Feb 28, 2023

As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now. State-run banks, led by Punjab...

India’s key priorities get strong support at G20 meet,...

• Feb 26, 2023

India’s G20 presidency had received strong support from all members on all key priorities, said Finance Minister Nirmala Sitharaman on Saturday at a press conference after the end of financial...

Air India on a hiring spree with plans to on-board 4,200...

• Feb 25, 2023

Tata Group-owned Air India is on the lookout for over 4,200 cabin crew and 900 pilots in 2023 as the airline adds new aircraft and rapidly expands its domestic and international operations.Currently,...

Ex-Mastercard chief Ajay Banga set to be president of World...

• Feb 24, 2023

US President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank. Mr Biden lauded Mr Banga’s experience in forging public-private...

Booming retail market buoys realty, 25 million sq ft of...

• Feb 23, 2023

Driven largely by rising consumption, rebound in Indian retail market had been exemplary in 2022 and was impacting retail real estate across the country, said a joint report by real estate...

RBI lets travellers visiting India to make payments through...

• Feb 22, 2023

In-bound travellers visiting India could now make local payments using UPI while they were in the country, the Reserve Bank of India (RBI) said on Tuesday.“Travellers visiting India can now...

Bharat Dynamics gets $255-mn export order after inking 10...

• Feb 21, 2023

Bharat Dynamics (BDL) on Monday said that it received an export order worth $255 million. It also said that the order would be executed, subject to government clearances.The statement of the company...

Amid weak sentiment, mutual funds’ NFO mop-ups slip by...

• Feb 20, 2023

Mutual funds’ collection through new fund offers (NFOs) remained subdued in 2022, with asset management companies (AMCs) garnering over Rs 62,000 crore through new schemes, which was 38 per cent...

States to get Rs 16,982 cr balance GST compensation; levy...

• Feb 19, 2023

Finance Minister Nirmala Sitharaman on Saturday announced that the GST Council had given its approval to clear Rs 16,982 crore of balance of compensation to States. The council also reduced the GST...

RBI survey shows that bankers are “highly optimistic”...

• Feb 18, 2023

Bankers were “highly optimistic” about credit demand across all the main sectors in the short term, an RBI survey of lenders said on Friday. After sagging for the last two years, the...

AT THE HELM - Sandhya Devanathan, Vice-President, Meta India

• Feb 17, 2023

Sandhya Devanathan has been promoted vice-president of Meta India. The new responsibility, which Ms Devanathan assumed on January 1, catapults her as the country head of the social media platform,...

HOT SEAT - Making A Fashion Statement: Susmitha Lakkakula,...

• Feb 17, 2023

People are passion for Susmitha Lakkakula. The software engineer with over 19 years of experience in the information technology (IT) sector has worked with reputed companies like Wipro, Quantum,...

MANAGEMENT MANTRA - “Greet Problems With A Smile”:...

• Feb 17, 2023

Yuvraj Bhardwaj is a Delhi-based researcher, innovator and business owner with 36 research projects and 15 patent applications to his credit. He is also recipient of many awards and accolades,...

Central government looks to tap kirana stores to expand GST...

• Feb 17, 2023

The Union government is planning to widen its Goods and Services Tax (GST) by tapping a section of mom-and-pop or kirana stores, according to a top tax official. New Delhi is looking to...

Domestic aviation industry to fly high with 1,100 planes...

• Feb 16, 2023

The country’s airline industry is poised for expansion with more than 1,100 planes on order by various domestic carriers. After more than 17 years, Air India, now owned by the Tata Group, on...

States’ borrowing costs rise by 5 basis points despite...

• Feb 15, 2023

The cost of market borrowings for States rose on Tuesday with the average pricing on their bonds rising by 5 basis points to 7.66 per cent despite the draw-down being just about half of the indicated...

January retail inflation soars to 6.52%, driven by costly...

• Feb 14, 2023

The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed on Monday.CPI (Consumer Price Index)-based inflation was above the...

SPIRITUAL CORNER - Self-Discipline (Saiyam)

• Feb 14, 2023

Questioner: What is the exact definition of saiyam?Dadashri: There are two types of saiyam (self-discipline); external and internal. The Lord does not consider external (visible through mind, speech...

UP Global Investors’ Summit concludes; garners investment...

• Feb 12, 2023

The three-day UP Global Investors’ Summit in Lucknow concluded on Sunday. The State had attracted investment proposals worth around Rs 33 lakh crore through roadshows organised ahead of the summit....

Factory output growth sequentially slows to 4.3% in...

• Feb 11, 2023

The country’s industrial production growth slipped to 4.3 per cent in December 2022 from 7.3 per cent in November 2022, mainly due to subdued performance of the manufacturing sector, according to...

Air India set to buy 250 aircraft from Airbus 16 years...

• Feb 10, 2023

Air India had finalised an order for around 250 aircraft with Airbus, and the deal was expected to be announced next week, a source said on Thursday. The source in the know also said that the airline...

RBI hikes Repo Rate by 25 bps to 6.5%, warns about high...

• Feb 09, 2023

The Reserve Bank of India (RBI) on Wednesday raised the Repo Rate — or the rate at which the central bank lends money to commercial banks or financial institutions — by 25 basis points to 6.5 per...

5G smartphone shipments surge by 74%, total mobile freight...

• Feb 08, 2023

Shipments of 5G smartphones spurted by 74 per cent in 2022 even as overall mobile phone shipments declined by 8 per cent in the year, CyberMedia Research (CMR) said on Tuesday. According to the CMR...

Boeing announces 2,000 job cuts in finance and human...

• Feb 07, 2023

Boeing expected to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US planemaker confirmed on Monday. Last month,...

Pride Hotels Group signs up two properties in Kanpur and...

• Feb 07, 2023

Pride Hotels Group has signed up two hotels – Pride Hotel Kanpur and Pride Biznotel Digha – which will soon be operational. The new property in Kanpur will be operational from November 2023....

Adani Group crisis poses questions on future funding of...

• Feb 06, 2023

The crisis facing billionaire Gautam Adani has revealed a potential pitfall in India’s ambitious plan to reduce emissions: its reliance on the country’s most affluent and powerful private...

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