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RBI Likely to Temper Rate Cuts
23 Sep

The RBI may cut the benchmark rate by up to a quarter percentage point in October against an anticipated 25-40 basis points after FM announced a host ...

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Expect No Slump in Govt Spends, Says Sitharaman
23 Sep

Finance minister Nirmala Sitharaman has ruled out any cutback in expenditure, allaying apprehensions sparked by hefty corporate tax rate cuts, and sai ...

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Realtors See Hope in Ready Homes
23 Sep

The preference for ready-to-move-in apartments in the backdrop of fears over deliveries is forcing realty developers to tweak their offerings to attra ...

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DoT Seeks Unique Codes of India-made Handsets
23 Sep

The Department of Telecommunications (DoT) is asking handset makers who are manufacturing in India to provide the unique identification numbers of the ...

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More Stocks, Discounts Returning to Shop Shelves
23 Sep

Consumer goods companies and retail chains are planning to loosen purse strings to attract customers after the government slashed corporate tax rates ...

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Apple’s India move will set example for investors: FM
23 Sep

FM Nirmala Sitharaman said that any move by US electronic giant Apple and its ecosystem to move some of their manufacturing to India would b ...

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CARE downgrades RCap to ‘default’
23 Sep

Reliance Capital (RCap), with a debt of about Rs 35,000 crore across the group, has been downgraded to ‘default’ rating by CARE Ratings because of a d ...

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Tax Cut for New Plants to Lure MNCs Looking Beyond China
21 Sep

With a lower tax rate for new manufacturers, the government is looking to attract investment flowing out of China following its trade dispute with the ...

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Handset Makers Expect Lower Taxes to Give Fillip to R&D, Manufacturing
21 Sep


Consumer electronics and handset makers such as LG, Xiaomi, Dixon Technologies and OnePlus said Friday’s tax cuts will boost investments into the ...

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MFs Look To Ride India Inc’s Rising Earnings
21 Sep

Mutual fund (MF) managers are betting on a revival in the economy from the government’s tax incentives to bring in investors at a faster clip. Over th ...

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Buyback exemption: Cos get ₹7k-cr relief
21 Sep

Listed companies that have announced share repurchase programmes before July 5 of this year could save over Rs 7,000 crore in taxes as the government ...

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Implication of tax cuts
21 Sep

1)  Cuts in corporate tax rates from (30%+surcharge+cess) to 22% for domestic  Cos  i.e. 25.17% effective  tax rates .
2 ...

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Trai Sounds Out Plan for 11-Digit Mobile Numbers
21 Sep

 Telecom Regulatory Authority of India (Trai) has sought views on the need for a change in the numbering scheme for both mobile phones and landli ...

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IIFL Wealth Lists at ₹1,200, Beats Estimates
20 Sep

Shares of IIFL Wealth and Asset Management, the demerged entity of IIFL Holding, listed at $1,200 on the BSE, beating analyst expectations of $900- $1 ...

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SEBI tells LIC to trim NSE Stake
20 Sep

The market regulator has asked Life Insurance Corporation to trim its stake in National Stock Exchange by 5%, as the state-run insurer’s acquisition o ...

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Tax Sops May Push Personal Users to Opt for Electric Vehicles
20 Sep

Electric vehicles aren’t a roaring success with car buyers just yet but Tata Motors, the maker of Tiago and Tigor compact cars, believes tax incentive ...

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Ahead of Festive Season, PSBs to go on Lending Spree
20 Sep

In a bid to push credit before the festival season and revive growth, the government has asked state-run banks to hold open houses in 400 districts of ...

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IL&FS Begins Repaying Creditors
20 Sep

Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has started repaying the creditors of three group entities, with outstanding clai ...

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Social safety net for gig workers proposed
20 Sep

The draft Code on Social Security has proposed that the Centre may formulate social security schemes for gig workers and include life and disability c ...

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Worst FMCG Show Likely in 15 Years
19 Sep

India’s consumer goods industry could post its slowest pace of revenue growth in a decade and a half this financial year, Credit Suisse said, even as ...

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Ashok Leyland, Tata Motors, TVS Likely to Gain Most From GST Cut
19 Sep

Auto stocks have gained 6-11% in the past month on hopes of a possible cut in taxes during the GST Council meet on September20. However, selecting the ...

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Central Body May Soon Control ₹ 10L-Cr EPFO Corpus
19 Sep

 labour ministry has proposed to hand over control of the over ₹10 lakh crore corpus of provident fund, pension and insurance schemes under the E ...

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Govt will reduce provisions to prosecute under Cos Act
19 Sep

The government is all set to further reduce the provisions that attract prosecution for violation of the Companies Act, while looking to introduce a s ...

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NCLAT orders review of McD’s-Bakshi settlement
19 Sep

The National Company Law Appellate Tribunal (NCLAT) on Wednesday said it will review the settlement between food major McDonald’s and its estranged In ...

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Centre firms plan to grade state roads
19 Sep

The government is readying a plan to identify state roads that will be declared as national highways as it embarks on a massive upgrade of the road ne ...

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CCI keep close eyes on Ecomm deep discount
18 Sep

India’s competition regulator is closely watching the issue of deep discounting by ecommerce players as it gears up to deal with possible anti-competi ...

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Unique ID Number for Landholdings Soon
18 Sep

India will soon start issuing unique numbers for landholdings as part of an exercise expected to bring transparency and end dubious land ownership.
...

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Ecomm Cos Go the Extra Mile to Ramp up Delivery Network
18 Sep

Ecommerce players are scrambling for delivery staff as they gear up ahead of what is the most crucial Diwali in years.
With the two largest online ...

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Startups Seek Change in Listing Requirement
18 Sep

A clutch of India’s most richly valued consumer internet companies will soon petition the country’s market regulator for a revision in rules that gove ...

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Plastic Water Bottles will Stay Till Substitute Found
18 Sep

The government will not ban use of plastic bottles for water unless there is a practical and affordable alternative available.
The government was e ...

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Maruti’s Aug mkt share at 26-mth low
18 Sep

Maruti Suzuki, which makes every second car sold in India, has been hit harder by the slowdown than most passenger vehicle manufacturers. According to ...

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Fuel prices may feel the heat of flaring Crude
17 Sep

Crude oil jumped 10% on Monday, raising prospects of higher domestic fuel prices, while the government expressed confidence that supplies to Indian re ...

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New Policy to Supercharge Handset Making
17 Sep

An interministerial panel set up by the Prime Minister’s Office (PMO) to develop India as a hub for electronics exports will release its policy, focus ...

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Govt Expects 30% Increase in Export Credit by March
17 Sep

The government expects a 30% rise in export credit disbursals by the end of 2019-20 through greater insurance coverage of exporters and easier inspect ...

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Budget to keep eye on states’ fiscal health
17 Sep

 Nirmala Sitharaman gets down to preparing her second Budget, she will keep an eye not just on the Centre’s fiscal situation but also the co ...

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Delivery execs go on strike after Zomato cuts payouts
17 Sep

Zomato  Executives hit the streets protesting the company’s new incentive structure, which offers less money per delivery. Zomato has a ...

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IIT Delhi turns focus on industry-led research
17 Sep

The Indian Institute of Technology Delhi (IITD) is focusing on more industry-led research as part of a strategic shift aimed at improving its domestic ...

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Economy will take time to recover as consumer post pone buys
16 Sep

Consumer spending on online shopping sites is estimated to be down by about a fifth in the first half of the year to June as etailers have cut discoun ...

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Maruti's own strengths proving to be its undoing
16 Sep

 The first seven days of the current month have already seen retail sales of vehicles drop 31% compared with the year-ago period, an indication t ...

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Draft Guidelines for Carpooling Firmed Up
16 Sep

The road transport ministry has firmed up draft guidelines for ride-sharing by private car owners, which will mandate KYC for users and limit the maxi ...

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New Models Help M&M, Hyundai drive up market share
16 Sep

New model launches through a broader slowdown have helped India’s no. 2 and 3 passenger vehicle makers — Hyundai and Mahindra & Mahindra — increas ...

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Default row: Banks ‘mustn’t go solo’
16 Sep

SBI chairman Rajnish Kumar has cautioned lenders against undertaking “selfish steps” without coordinating with other creditors involving a c ...

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Hyundai, Kia to invest in Ola Electric
16 Sep

Ola Electric Mobility, an arm of the ridehailing major, will raise capital from South Korean automotive giants Hyundai and Kia, according to a filing ...

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Altico Default Sends MFs, Banks Scurrying for Cover
14 Sep

Banks and mutual funds scrambled  to contain the fallout of the default by Altico Capital, with investor attention turning to non banking finance ...

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Cash Crunch Sends PSUs on an Austerity Drive
14 Sep

State-run firms are enforcing austerity measures such as ending leave encashment and penalising nonperformers with salary cuts, particularly in loss-m ...

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Power Pacts Can’t be juncked But Renegotiation Needed:
14 Sep

Andhra Pradesh government has told in the high court it has realised that renewable power contracts with developers cannot be terminated and was embar ...

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Not Obliged to Accept Centre’s Nominal GDP Numbers: Finance Commission
14 Sep

The Finance Commission could have its “own independent judgement” on growth projections as it finalises the formula for devolution of funds to states ...

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JSW ssteel moves NCLAT for BPSL claims immunity
14 Sep

JSW Steel has moved the appellate tribunal to seek immunity from future claims arising from the investigations for alleged money laundering frauds at ...

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Imports dip for 3rd month in a row
14 Sep

India’s exports in August fell for the second time in three months, while imports declined for the third straight month, indicating weak demand in the ...

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Factory output grows 4.3% in july
13 Sep

Industrial growth picked up pace in July, providing some relief to a government battling to revive the slowing economy and deteriorating consumer sent ...

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Share of Sugar Cos surge due to export aid, rise is ethanol use
13 Sep

Sugar producers have outperformed the broader stock market in the past one month, on expectations that the industry’s prospects would improve followin ...

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Sub-4% Forex credit to exporters, easier loans soon
13 Sep

The government will soon come up with schemes to offer exporters loans, including foreign exchange credit, at less than 4% interest rate, and enhance ...

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Crackdown finds Rs.470 cr fake GST refund claims
13 Sep

: In a massive nationwide search operation carried out on exporter & their supplier covering 336 locations , nearly 1,200 officers from the Direct ...

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Maruti Suzuki may continue with large diesel cars post BS-VI rollout
13 Sep

 Maruti Suzuki India, may not completely phase out diesel passenger vehicles after stricter Bharat Stage VI emission norms kick in next year.Maru ...

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Govt. unlikely to offer GST concession to auto Cos
13 Sep

 The government is unlikely to offer GST concessions to the auto sector as it believes that the current slowdown is the result of higher growth i ...

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RIL-BP to kick off Indian's 1st gas e-auction next th
13 Sep

India’s natural gas market will witness its first e-auction next month when Mukesh Ambani-led Reliance Industries Ltd and its partner UK energy major ...

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Premji Sells $ 7,300 Crore Shares in Wipro Buyback
12 Sep

Azim Premji and the promoter group of Wipro Ltd have sold stock worth over a billion dollars (₹7,300 crore) in the buyback programme announced by Indi ...

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Govt Refuses Airlines’ Plea for More Bilateral Rights
12 Sep

The Narendra Modi government is set to continue in its second term the policy of not increasing foreign flying rights with countries in West Asia and ...

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NDR Infra Plans to Invest ₹5k cr in Warehousing
12 Sep

Chennai-headquartered warehousing company NDR Infrastructure plans to monetise over 3,000 acres of land parcels across major cities to beef up its por ...

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Uber Lays off 435 to Stem Losses
12 Sep

Uber Technologies is dismissing 435 employees, the second major staff cut this summer, as the company faces mo- unting losses and a declining stock pr ...

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JioSaavn Gets Moving with ₹ 140cr from Parent
12 Sep

Music-streaming service JioSaavn has received a capital infusion of ₹140.35 crore from parent Reliance Industries, according to documents sourced by b ...

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Colgate, GSK Pharma, Honeywell and Sanofi Continue Their Outperformance
12 Sep

Nestle, Abbott, and Bata are among a couple of dozen MNC stocks that have bucked recent bouts of volatility in Mumbai equities, pointing to further ou ...

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Domestic Flyers’ Data on Natgrid Radar
11 Sep

The National Intelligence Grid (Natgrid) has asked the aviation ministry and the industry regulator to furnish data on domestic passengers flown by In ...

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Mark-to-Market Valuation Likely for All Debt Securities
11 Sep

Investors in mutual fund debt plans, especially liquid schemes, may have to brace for more uncertainty with regard to returns as the Securities and Ex ...

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HDFC may Link Rates to External Benchmarks
11 Sep

Housing Development Finance Corp (HDFC Ltd), the country’s largest mortgage lender, is considering a plan to link interest rates to external benchmark ...

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Guj Cuts Traffic Fines Under New MV Act
11 Sep

The Gujarat government announced the implementation of the Motors Vehicles (Amendment) Bill, 2019 in the state with some relief in penalties on Tuesda ...

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Airtel Signs up Leo Burnett in Marketing Push
11 Sep

Telecom major Airtel has added ad agency Leo Burnett to its roster of agencies. Leo Burnett will handle the B2B and B2C services for the brand which i ...

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Car Sales in Aug Fall the Most in 2 Decades
10 Sep

India’s passenger vehicle sales declined the most in two decades in August due to a continuing slump in demand amid slowing economic activity and an i ...

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Telcos Face Another Hit, may Have to Pay $ 41,000 cr More as Spectrum Charges
10 Sep

India’s telcos are staring at shelling out almost ₹41,000 crore as additional spectrum usage charges if a case on the definition of adjusted gross rev ...

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Morgan Stanley Lowers Price Targets on NBFCs with Real Estate Exposure
10 Sep

Morgan Stanley has cut its price targets on shares of lenders with real estate exposure including Edelweiss, Indiabulls Housing, LIC Housing and PNB H ...

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PV Sales Can Grow in Double Digits in FY21
10 Sep

Passenger vehicle sales would revive faster as the price hike for BS-VI petrol version for this segment will be the least.
 Investors are expe ...

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SBI Cuts Deposit, Lending Rates
10 Sep

State Bank of India has cut its fixed deposit rates for the second time in a fortnight, after pressure from the government and the RBI to align lendin ...

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Nissan CEO to Resign After Overpayment Scandal
10 Sep

Nissan Motor CEO Hiroto Saikawa will resign on Sept. 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpa ...

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Indigo, Vistara eye jet rights for London flights
09 Sep

Vistara and Indi-Go are vying for the flying rights of grounded Jet Airways for the lucrative London route. Both airlines have informed the aviation m ...

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Auto Component Cos Put $2-b Investments on Hold
09 Sep

The slowdown has forced the Indian auto component industry to hold at least $2 billion (about ₹14,330 crore) investment planned for this year.
Inve ...

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Infiniti to Raise $750 crore from Tata Sons for Croma Expansion
09 Sep

Infiniti Retail, the Tata Group’s smartphone and electronic retailing business which owns the Croma stores, plans to raise ₹750 crore from the holding ...

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‘Lenovo Could Make India a Mobile Manufacturing Hub’
09 Sep

Lenovo, the world’s largest personal computer maker, said India could become one of its global manufacturing hubs at a time when it is in the cross fi ...

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SBI all Set to Sell 6.6% Stake in Life Insurance Arm
09 Sep

The country’s largest lender State Bank of India is set to sell 6.6% stake in SBI Life that would boost its capital position as well as help its insur ...

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Finance minister asks infra ministries, PSUs to step up spending
07 Sep

With the private sector holding back investment in creating additional capacity, the finance ministry sought to push the country’s top public sector c ...

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Top e-tailers plan to cut commissions
07 Sep

Online retail majors Amazon India and Flipkart have reached out to a select set of top sellers. The e-tailers have said they are willing to let go of ...

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Fasten Your Seat Belts: Big Auto Slowdown Sale is Here
07 Sep

Car, two-wheeler and truck makers have raised discounts to the highest levels in recent years as they look to perk up demand during the festive season ...

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ED questioning Naresh Goyal
07 Sep

The Enforcement Directorate (ED) grilled Jet Airways founder Naresh Goyal for more than seven hours on Friday, two weeks after it had searched about a ...

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EPFO in talks with NHAI to enhance funding for highways
07 Sep

Retirement fund body Employees’ Provident Fund Organisation (EPFO), which burnt its hands with investments in IL&FS and Dewan Housing Finance Corp ...

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Banks worry funds freeze may affect ops at DHFL
07 Sep

As a resolution continues to evade DHFL, banks that have purchased loans from the troubled housing finance company are concerned that its operations m ...

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External benchmarks may not bring down loan rates
06 Sep

Home, auto and personal loan rates may not fall sharply as expected after the RBI’s directive as bad debt-laden banks strive to protect profitability ...

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NCLT clears JSW bid for Bhushan power & steel
06 Sep

An Indian bankruptcy tribunal approved JSW Steel Ltd.’s $2.7 billion bid for Bhushan Power & Steel Ltd., making it the second asset the steel make ...

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Auto sector slowdown is cyclical , but may be protracted this time
06 Sep

ET Intelligence Group: Is the current downturn in the auto sector cyclical or structural? The sector’s volume data over the past two decades suggests ...

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NHAI to raise over Rs. 85K Cr. via asset recycling: Gadkari
06 Sep

The National Highways Authority of India (NHAI) will rely largely on asset monetisation to fund its road construction work and plans to raise more tha ...

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PPF, NSC rates may be lowered after RBI move
06 Sep

The government may be forced to lower interest rate on small saving scheme such as PPF and NSC when it revive them at end of month as they are not in ...

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SBI to review deposits ,rejig repo-linked loan
06 Sep

SBI will review its existing repo rate-linked home loan following the RBI directive that all retail loans should be linked to an external benchmark. T ...

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Demand Down, Govt Seeks Solution in New GST Math
05 Sep

 Ahead of the crucial Goods and Services Tax (GST) Council meeting on September 20, the finance ministry has begun crunching the numbers to estim ...

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India to Go Ahead with $3.1b US Deal for Maritime Patrol Aircraft
05 Sep

India is set to go ahead with a $3.1-billion deal with the US to acquire maritime aircraft for the Navy that will add to its surveillance capabilities ...

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Amazon Coming Offline with Basics First and Hits Later
05 Sep

Amazon is entering offline retailing in India to create an integrated shopping experience for consumers across e-commerce and brickand-mortar stores a ...

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Volkswagen Ready to Bring CNG Cars to India if Govt Policy Helps
05 Sep

 Volkswagen is considering CNG as an alternative fuel for the near future before mobility technology eventually transitions to electric.
If th ...

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Wipro bags $300m deal from ICICC for digital pay
05 Sep

Wipro has received a long-term $300 million contract from ICICI Bank to provide digital technology-led servicesThe company said that it has secured a ...

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High Yields, Rate-cut Hopes Draw FPIs to Bond Market
05 Sep

Overseas investors may be selling down Indian equities, but the high yields on bonds and a probability of accelerated interest rate cuts are drawing t ...

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Maruti to roll out CNG models of all small car
03 Sep

Maruti Suzuki will make all the small cars in its portfolio available in CNG variants to reduce dependence on imported oil and cut down on vehicular p ...

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Manufacturing at 15-Mth low ; core sector sees muted growth
03 Sep

Manufacturing activity in India slumped to a 15-month low in August as sales slowed, forcing factories to cut back on production, a private survey sho ...

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V-Mart to hire 2000, investRS. 115 Cr in FY20
03 Sep

Value fashion and lifestyle products retailer V-Mart Retail would hire 2,000 people and invest Rs 115 crore this fiscal to expand its footprint, a top ...

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Airtel Xstream enters fray ahead of Jiofiber launch
03 Sep

Airtel has launched Xstream Box and Xstream Stick in India to counter JioFiber broadband services that will go commercial from September Reliance ...

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Tax filling may increase 10% by march -end :Govt.
03 Sep

The government is hoping for a 10% jump in tax returns filed by the end of March as many individuals who did not make their annual filings by the Augu ...

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Tata steel to shut non-core biz in UK,hit 400 jobs
03 Sep

India's Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs.The ...

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Many Cos under RBI, ED lens for 'round tripping'
02 Sep

The Reserve Bank of India and the Enforcement Directorate are investigating several companies that have received investments from their foreign subsid ...

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Fairfax to invest $5 Billion more in India in next 5years
02 Sep

Billionaire investor Prem Watsa proposes to invest another $5 billion in India in the next five years, doubling what he’s put in thus far, and says th ...

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Ecomm may face a repackaging challenge
02 Sep

Ecommerce companies such as Flipkart, Amazon and BigBasket will have to find alternatives to single-use plastic, as the government is likely to restri ...

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Kedaara eyes Lenskart stake at $1b valuation
02 Sep

Kedaara Capital is in talks to buy shares in omni-channel eyewear retailer Lenskart through a secondary deal, valuing the company at $1 billion.For Le ...

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Centre puts curbs on imports of Agarbatti
02 Sep

The Centre has come to the rescue of India’s domestic ‘agarbatti’ or incense stick industry by bringing in an amendment to the import policy. The ...

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Tourism earnings dip with a fall in traveller spending
02 Sep

India’s foreign exchange earnings through tourism declined in the first half of this year with a muted growth in the number of India-bound tourists, c ...

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49L filings on Aug 31 push I-T returns for year to record 5.65 Cr.
02 Sep

A record 5.65 crore income tax returns were filed up to Saturday, the extended deadline for the annual filing, suggesting that more individuals are no ...

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Big banks mergers : Govt. turns 10 PSBs into 4
31 Sep

India announced an extensive consolidation of state-owned banks that will see 10 of them being merged to form four bigger lenders to strengthen a sect ...

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DHFL board okays plan to convert debt into equity
31 Sep

Crisis-hit Dewan Housing Finance (DHFL) board had approved a plan that included converting debt into equity, even as it seeks to sell assets and raise ...

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2 % TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept
31 Sep

The revenue department said the 2 % tax deduction at source (TDS) on cash withdrawals of over Rs 1 crore will come into effect from September 1.
Th ...

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Non residents, Not-ordinary residents in tax tangle : Experts
31 Sep

Tax experts have questioned the mandatory requirement for disclosure of unlisted equity shares in foreign companies by non-residents and not-ordinaril ...

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Automakers bank on buyback option
31 Sep

No hassle and no fear that the car won’t sell after three years. And there is this ease in returning the car to the manufacturer in the buyback scheme ...

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Voda Idea looks to ring-fence users with Rs. 20 recharge
31 Sep

Vodafone Idea (VIL) has lowered its minimum recharge plan threshold to Rs 20, from Rs 35, in the first major change in strategy by new CEO Ravinder Ta ...

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Google reveals years-long 'indiscriminate' iphone hack
31 Sep

Google security experts uncovered an "indiscriminate" hacking operation that targeted iPhones over a period of at least two years and used websites to ...

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Govt. planning to get off Air India, bag and baggage
30 Sep

The government wants to exit fully from Air India as it embarks on another effort aimed at divesting the loss-laden carrier after a plan to sell a 76% ...

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E-Marketplaces told to upload FDI compliance details
30 Sep

The government  asked ecommerce marketplaces such as Amazon and Walmart-owned Flipkart to upload on their websites reports from their statutory a ...

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Automakers out to drive sales in festival season
30 Sep

Vehicle makers are pulling out all the stops in a bid to make the most during the festive season, amid a crippling slowdown in the local market.  ...

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Retail Cos loosen purse strings to Woo consumers
30 Sep

India’s retail chains are set to increase their marketing and promotional expenditure for the festive season shopping starting next month in an attemp ...

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Systemically important NBFCs to come under tighter RBI scrutiny
30 Sep

About 275 systemically important non-bank lenders, which would include entities from the Shriram Group and the Bajaj twins, will face tighter central ...

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RBI transfer to boost economy: ADB President Nakao
30 Sep

 ADB President Takehiko Nakao  said the transfer of ₹1.76 lakh crore surplus from the RBI to the government is an "appropriate policy" and h ...

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After Incentives to Perk up economy , Red carpet for FDI
29 Sep

India opened its doors further to foreign direct investment (FDI), diluting the stringent condition of local sourcing for single-brand retail, in cont ...

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Flipkart takes Nautic online with India pact
29 Sep

 Flipkart Group has inked a pact with Authentic Brands Group that grants the Walmart-owned company licensing and distribution rights in India for ...

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Indigo disputes : Promoters smoke peace pipe but no recalling plaints
29 Sep

IndiGo’s feuding promoters may have decided to bury the hatchet and agree on common goals for the airline, but the complaints filed with the market re ...

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Booster dose for Auto sector to lift affordable housing
29 Sep

The government’s slew of measures to revive various sectors, including the automobile industry, isn’t just a booster shot for these industries’ stakeh ...

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RBI's undeclared NBFC review akin to banks
29 Sep

Reserve Bank of India (RBI) Governor Shaktikanta Das may have ruled out an Asset Quality Review for NBFCs, but an ongoing central bank inspection of t ...

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Cost of EVs tomatch combustion cars in 3-4 yrs: Kant
29 Sep

Amitabh Kant said that the cost of electric vehicles will almost become at par with combustion engine cars in the next 3-4 years, largely owing t ...

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Govt. to decide how funds from RBI will be used :FM
28 Sep

Finance Minister said the government was yet to decide how it would use the funds it is going to get from the Reserve Bank of India.Sources in the gov ...

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Easier Foreign fundraising for Unlisted firms
28 Sep

Unlisted Indian companies could soon find it easier to raise capital overseas through depository receipts. SEBI  is planning a liberalised regime ...

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FPIs set to return, but only a few of their favourites will rally this time
28 Sep

The rollback of the tax surcharge has put the focus back on FPI favourite stocks, which are looking for some respite and rebound after a relentless se ...

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IndiGo to investors: Related-party deals small, and at arm's length
28 Sep

InterGlobe Aviation’s management sought to assure shareholders that the issue of related-party transactions at the operator of IndiGo airline wasn’t a ...

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Maruti to invest in new products, expansion despite the downturn
28 Sep

Maruti Suzuki chairman RC Bhargava said despite the downturn the company will continue investments in new product development and capacity expansion a ...

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All pending GST refunds for MSMEs to be paid within 30 days : FM
28 Sep

To ease GST related woes for the MSME sector the Finance Minister Nirmala Sitharaman has announced that all pending GST refunds will be paid within 30 ...

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REL. Jio is working up a storm with Affordable Cloud Tech
27 Sep

Reliance Jio Infocomm is likely to trigger another wave of price disruption – this time with its plan to roll out affordable cloud-based solutions for ...

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Microland Bets on Industry 4.0 to Drive Growth
27 Sep

Microland, Pradeep Kar-founded IT services firm, is betting big on industry 4.0 and digitisation of business operations for the next phase of growth.< ...

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Siimpler KYC may not make Life Easier for NBFCs
27 Sep

Despite measures by the finance ministry to ease the customer onboarding process, or KYC (know your customer), for both banks and non-banking finance ...

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Maruti May be first to Benefit from Recovery
27 Sep

Maruti Suzuki poses a classic dilemma to the average investor on D-Street: Is it a ‘buy and hold’ after a 30 per cent correction from its peak, or doe ...

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HC refers to Jaitley , tells DU not to be too harsh on student leaders
27 Sep

 Former Union Minister Arun Jaitley, who passed away on Saturday, came in for mention in the Delhi High Court which observed on Monday that the c ...

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RCOM Asks Ericsson to Refund Rs.579.74 Crore
26 Sep

Anil Ambani-led Reliance Communications' lenders have decided to send a demand notice to Sweden-based Ericsson, asking the telecom equipment company t ...

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FPIs Withdraw Rs.3014 Crore from Capital Market
26 Sep

Overseas investors have pulled out a net amount of Rs 3,014 crore from the Indian capital markets this month so far, but the trend may reverse followi ...

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En route to 50,000 registered startups: Union minister Piyush Goyal
26 Sep

India could have as many as 50,000 registered startups by 2024, as the ecosystem grows and increasingly defines the country’s global identity, said Pi ...

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FM Nirmala Sitharaman makes startup bets less taxing for angels
26 Sep

Just as the fifth edition of the ET Startup Awards kicked off, Union finance minister Nirmala Sitharaman announced a slew of relief measures for a slo ...

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Former finance minister Arun Jaitley was cremated with full State honours
26 Sep

Former finance minister Arun Jaitley was cremated at the Nigambodh Ghat here with full State honours on Sunday in the presence of relatives, top leade ...

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NITI, CEA differ on economic revival plan
23 Sep

NITI Aayog vicechairman Rajiv Kumar made a strong case for extraordinary steps to deal with the unprecedented stress in the country’s financial sec ...

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Govt to list rail PSUs IRCTC, IRFC
23 Sep

The government is moving ahead with listing of two railway PSUs — Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Financ ...

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Importers, resellers on e-market places face heat over duty evasion
23 Sep

After clamping down on imports of Chinese e-commerce companies that were illegally shipping goods into India under the guise of ‘gifts’, the govern ...

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Prasad calls FM for Telecom Relief
23 Sep

Telecom minister Ravi Shankar Prasad has sought urgent relief from finance minister Nirmala Sitharaman for the stressed sector, seeking a cut in le ...

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RBI Reverses Earlier Stand to Buy more US Treasuries
23 Sep

India’s central bank is buying more US Treasuries of late in a reversal of its earlier strategy, using its reserves of foreign exchange to enhance ...

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Sacked After it Resigned as IFIN Auditor, KPMG Arm Sues Govt
23 Sep

BSR & Associates, an associate of KPMG India, has filed a case against the government after the bankruptcy court okayed its proposed removal as au ...

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SEBI eases Registration rules, puts FPIs into two categories
22 Sep

Sebi on Wednesday approved several recommendations made by the HR Khan Committee to simplify and rationalise the existing regulatory framework for for ...

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No Deadline for shifts to EVs: Gadkari
22 Sep

 The government has no specific deadline in mind for automakers to switch to electric mobility or ban production of petrol and diesel vehicles.“T ...

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Amazon Sees No Slowdown Yet, Ready to invest More in India
22 Sep

Amazon India manager Amit Agarwal said the online retailer was upbeat not only about domestic sales, but also exports. He was responding to media quer ...

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Airtel declares broadband war Against Jio
22 Sep

Bharti Airtel is pulling out all stops to take on Mukesh Ambani-led Reliance Jio Infocomm’s home broadband offerings. Come September, the Sunil Mittal ...

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RBI governor sees multiple indicators of slowdown
22 Sep

RBI governor Shaktikanta Das had highlighted several indicators of a slowdown in the economy while supporting his argument for an aggressive cut of 35 ...

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Share info with rating agencies on time : SEBI
22 Sep

Markets regulator Sebi on Wednesday said that it will be mandatory for rated corporates to disclose information on delayed loan repayments and possibl ...

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Tata Group Sets Sights on Five Growth Engines out of group's 10 verticals
21 Sep

Tata Sons chairman N Chandrasekaran said the holding company of the $110-billion group has resolved the high leverage at its flagship operating compan ...

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Aggregators to Log Out of Deep Discounts
21 Sep

Online food delivery and dine-in aggregators including Zomato have agreed to tone down and rationalise offers they make to their members, including de ...

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Govt. has decided to put on hold the proposed increased in Car registration fee
21 Sep

The government has decided to review the proposed increase in registration fee of petrol and diesel vehicles amid heavy lobbying from the auto sector ...

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Commerce ministry hopes for an ecommerce Government e-Marketplace
21 Sep

This is a gem of an ecommerce idea — or so GoI wants it to be. A commerce ministry cabinet note proposes that Government e-Marketplace (GeM), the ...

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Finance ministry reviewing India’s free trade agreements
21 Sep

The finance ministry has initiated a review of India’s free trade agreement framework to assess the impact of such pacts on the overall economy. The v ...

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Banks tend not to report most cyber security crimes
21 Sep

Banks tend to not report most cybersecurity-related incidents faced by them to law enforcement agencies, nor do they share information about breach at ...

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Rupee falls to over 6-month lows against US dollar: 5 things to know
21 Sep

A rebound in crude prices from recent lows and continued outflows from Indian stock market dragged down the rupee. The broad rise of the US dollar als ...

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The Modi government is facing a serious cash crunch
21 Sep

Total Union government expenditure as a proportion of the Gross Domestic Product fell from 13.9% in 2013-’14 to 12.2% in 2018-’19.Not only is this fal ...

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Panel for review of IT Act and Surcharges
20 Sep

A high-level government task force on direct taxes has proposed a rethink on the brackets, review of the surcharges levied on income tax, a regime tha ...

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Mine KYC data to target beneficiaries, spare us: FPI lobby urges govt
20 Sep


A leading lobby of foreign portfolio investors (FPIs) has proposed that the government should use the information on ultimate beneficial owners to ...

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Govt. has removed DRR norms for Listed Firms, NBFCs, HFC,
20 Sep

Aiming to reduce cost of capital for businesses, the government has removed the requirement that listed companies, non-banking financial companies (NB ...

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No-Shows by Candidates Up Even in a Tough Job Market
20 Sep

A strategy head at an ecommerce company recently backed out of accepting an offer after making the recruiter wait for two-and-a-half months. Another c ...

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18-20% credit growth rate is required for India to become $5tn economy
20 Sep

Achieving the government target of making India a $5-trillion dollar economy by 2024 from around $2.7 trillion at present would require annual credit ...

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Supplier feel the squeeze with Auto Cos
20 Sep

In the month of August, automobile manufacturing plants usually work overtime to build up inventory for the upcoming festive seasons. But this year au ...

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RBI has no proposal for assets quality review of NBFCs
20 Sep

RBI Governor Shaktikanta Das today said that there was no proposal to conduct an asset quality review (AQR) of non-bank finance companies that are fac ...

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SEBI has rejected credit rating agency ICRA's settlement application in IL&FS case
19 Sep

The Securities and Exchange Board of India (Sebi) has rejected credit rating agency Icra’s consent application in the Infrastructure Leasing and Finan ...

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Trai’s New Consultation Paper on Broadcast Tariffs Spells Trouble for Industry
19 Sep

“We are heading for chaos,” said a top executive of one of the leading broadcast networks when asked to comment on the latest consultation paper by th ...

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ITR Forms with Prefilled Investment Data Soon
19 Sep

Imagine not having to fill up any details of dividend from mutual funds or gain or loss on equities, and interest income in your income tax return! On ...

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Govt. has fast tracked the implementation of CSR Report
19 Sep

The government has fasttracked the implementation of a highlevel committee’s report on corporate social responsibility that suggested that violations ...

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Govt. is planning to give tax waiver for small borrowers under IBC
19 Sep

The government plans to give debt waiver for “small distressed borrowers” under the insolvency law framework. The proposed waiver would be offered as ...

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Country's largest lender SBI has extended the credit period for auto dealers
19 Sep

To help the auto sector tide over stress, the country’s largest lender SBI has extended the credit period of automobile dealers that are facing demand ...

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State Bank of India mulls repo-linked home loans for existing borrowers
19 Sep

State Bank of India said it is contemplating extending the benefit of the repo-linked lending rate to the existing home loan borrowers while hoped for ...

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Perturbed by Complaints, India’s telecom regulator TRAI to Review Broadcast Tariff Rules
17 Sep

India’s telecom regulator has begun a review of the broadcast tariff regime it implemented eight months ago to address complaints from viewers about h ...

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Amtek Auto Heads for Liquidation after the NCLAT refuses new resolution plan
17 Sep

Amtek Auto is headed for liquidation after the National Company Law Appellate Tribunal (NCLAT) rejected appeals for more time to hammer out a new reso ...

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Auto parts firms diversify amid electric vehicle, BS-VI changes
17 Sep

The decision to punish gas guzzlers and switch to electric power for transportation needs is spawning innovation at a crucial end of the long value ch ...

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India’s tax admin needs a mindset change
17 Sep

Amid allegations of “tax terrorism”, finance minister Nirmala Sitharaman has sought a mindset change in tax officials while advocating a technology-dr ...

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Auto Components Industry Suffers Collateral Damages with Job Losses
17 Sep

India’s $57-billion auto components industry is expected to face more jobs losses over the next quarter due to the ripple down effect of slumping auto ...

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Govt eases norms for differential voting rights (DVR) shares
17 Sep

The government on Friday eased rules for issuing shares with differential voting rights (DVR), allowing those with special category shares to have up ...

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CBDT's procedure for pending angel tax assessment cases to provide safeguard to start-ups
16 Sep

The government's recent decision to give relief to start ups on assessment of angel tax notices would provide a safeguard to them and promote the ...

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Flipkart hits Walmart’s international profit
16 Sep

Walmart’s international unit saw operating profits fall  nearly by 30% to $900 million in the second quarter ended July of the financial yea ...

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Auto industry welcomes PM’s assurance on petrol/diesel vehicles alongside govt’s EV focus
16 Sep

The auto industry has reacted with optimism to Prime Minister assertion that there is enough space in the Indian market for both internal co ...

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Finance ministry may soon consult law ministry on FPI surcharge
14 Sep

The finance ministry may soon consult the law ministry on how best to provide relief to foreign portfolio investors (FPIs) from the super-rich surchar ...

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Global private equity major KKR & Co. is set to acquire EuroKids chain for Rs 2000 crore
14 Sep

Global private equity major KKR & Co. is set to acquire about 92% of the preschool and school chains that comprise EuroKids, Kangaroo Kids an ...

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Jio May Continue Tariff Onslaught, Further Impacting Rivals’ Financials
14 Sep

Reliance Jio’s chase for half-a-billion 4G customers signals continued pricing onslaught from the Mukesh Ambaniled telco and rules out any early hike ...

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Appliances to cost 10% more as Cos turn energy efficient
14 Sep

Consumers will soon pay a 5-10% premium on buying washing machines and microwave ovens as white goods makers are planning to roll out starrated energy ...

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Temasek to back Manipal’s Medanta bid, put in $300m
14 Sep

Temasek is backing billionaire Ranjan Pai-led Manipal Hospitals’ bid to acquire the heart surgeon Naresh Trehan-promoted Medanta Hospitals with an add ...

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Top auto component manufacturer Cos ride EV wave
14 Sep

As India readies an electric vehicle (EV) rush, its top component manufacturers are changing gears to capture a share of the EV pie — both at home and ...

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RIL to become zero net-debt company within 18 months .
13 Sep

Reliance Industries CMD Mukesh Ambani has said that the Mukesh Ambani has said that the corporate giant will become a “zero net-debt company ...

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Anil Agarwal’s family trust withdraws EoIs for Jet Airways
13 Sep

In a big blow to Jet Airways’ revival hopes, mining and metal baron Anil Agarwal’s family trust Volcan Investments (VI) has withdrawn its express ...

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RIL rolls out Jio Fiber plans to take on e-tail giants, contents Cos
13 Sep

Nearly three years after unshackling the telecom industry with dirt-cheap data tariffs and free-voice offerings, Mukesh Ambani is now rollin ...

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RIL to sell 20% in oil-to-chemicals unit to Aramco at $75-B enterprise value
13 Sep

Reliance Industries  signalled a tectonic shift in its decades-long, successful business model of going it alone by proposing to offload stake in ...

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Reliance to Sue PwC for 10K cr. for quitting , alleging fruad
13 Sep

 what could be the biggest legal battle between a company and its auditor, Reliance Capital is all set to file a Rs 10,000-crore defamation suit ...

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Home sales stay flat in Q1, but project launches on the rise
13 Sep

Sales of residential units in top cities were nearly flat in the first quarter, even as launches rose. Sales in the top eight cities were 69,485 units ...

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Green Mega Power Projects On The Anvil
13 Sep

The government is planning large renewable energy projects like the coal-based ultra-mega power project s (UMPPs) through the publicprivate-partnershi ...

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SEBI panel worried over 35% minimum shareholding plan
12 Sep

Most members of the capital market regulator’s committee on the primary market have raised concerns over the government’s controversial budget proposa ...

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Resolution of realty issues : Hardeep Puri
12 Sep

Government  assured homebuyers that it is committed to finding ways to resolve  issues and revive stalled projects.
 Nirmala Sithara ...

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Out of Core 5G network Telecom may leave Huawei
12 Sep

Airtel, Vodafone Idea and Reliance Jio Infocomm  considering giving  pass to Huawei in ‘core’ elements of their 5G networks in favour of oth ...

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Jet gets EoI from Anil Agarwal’s Volcan
12 Sep

Mining and metal baron Anil Agarwal’s family trust, Volcan I Investments (VI), has submitted an expression of interest (EOI) to revive grounded a ...

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GSP roll-back: Exports of goods to US grew 32%
12 Sep

Export of Indian goods, enjoying benefits under the preferential tariff system GSP, to the US registered a growth of 32 per cent , according to T ...

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BSR & Co resigns as auditor of two Reliance group Cos
12 Sep

BSR and Co, an affiliate firm of KPMG India, has resigned as auditor of two Anil-Ambani led Reliance Group companies—Reliance Infrastructure and Relia ...

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Address Concerns, Provide Stimulus: Market Players
10 Sep

A rollback of the super-rich tax surcharge, removal of long-term capital gains tax (LTCG) on shares and tax policy certainty topped the wish list of m ...

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Industrial growth slowed to a four-month low in June
10 Sep

Industrial growth slowed to a four-month low in June, pulled down by a sharp decline in the output of mining and manufacturing, reflecting the growth ...

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SC upheld changes to IBC that allows homebuyers to initiate proceedings against developers
10 Sep

The Supreme Court upheld changes to the Insolvency and Bankruptcy Code (IBC) that allows homebuyers to initiate proceedings under the law against real ...

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ICAI wants SEBI to review proposed norms for auditor resignations
10 Sep

The new framework proposed by market regulator Security and Exchange Board of India (Sebi) to tackle the issue of auditor resignations from listed com ...

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FM to review the criminal penal provision for not compliance of CSR
10 Sep

Finance minister Nirmala Sitharaman assured India Inc that she would review the criminal penal provision for not complying with corporate social respo ...

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PSBs across the country will soon adopt uniform working hours
10 Sep

Public sector banks (PSBs) across the country will soon have standard operating hours. This is part of the government’s reform agenda for PSBs under E ...

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NCLT junks auditors’ plea against powers to ban them
10 Sep

In a major setback to auditors Deloitte and BSR, the National Company Law Tribunal (NCLT) on Friday rejected their pleas challenging the tribunal’s ju ...

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Infosys eyeing 50% of its revenue from digital portfolio
09 Sep

Infosys, India’s second-largest software exporter, is gunning for higher margins as it aims to earn half its revenue from the company’s fast-growing ...

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FPIs to Raise Key Concerns with Fin Min Officials
09 Sep

Leading overseas investors will meet finance ministry officials as the government seeks to ease concerns over dwindling foreign portfolio inflows afte ...

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Vodafone Idea picks Amdocs to consolidate merged entity's postpaid operations
09 Sep

Vodafone Idaa Ltd. (VIL) has selected Amdocs to consolidate the merged entity’s postpaid operations for retail and enterprise customers across mo ...

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Panel on 5G trials to seek ‘network architecture’ details from telcos
09 Sep

A top panel overseeing 5G trials has come up with a list of 20 questions for telcos, seeking compliances on data security, privacy, localisation, and ...

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priority sector tag to help large NBFCs lower borrowing costs
09 Sep

Large non-banking lenders and home financiers, such as ...

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CCD ropes in EY to probe finances
09 Sep

The board of Coffee Day Enterprises (CDE), the parent company of CCD, appointed professional services firm Ernst & Young (EY) to investigate the c ...

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NEFT payment would be available 24x7 from Dec
08 Sep

From December, you will not have to wait for working hours to transfer money via National Electronic Fund Transfer (NEFT). As part of its push towards ...

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RBI unveils measures to boost confidence in NBFCs
08 Sep

In its monetary policy, the RBI has gone all out to revive confidence in well-functioning entities in the nonbanking finance company (NBFC) sector.
...

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RBI Cuts Repo Rate by 35 Bps to 9-Year Low
08 Sep

The Reserve Bank made a higher-than-expected reduction in interest rates as the monetary policy committee (MPC) voted decisively to give the “highest ...

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Coming Soon: The Great Sarkari Sale
08 Sep

If it goes through, it may turn out to be the mother of all public asset sales – Rs 3 lakh crore of proceeds by monetising public sector transmission ...

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Airtel, Voda Idea Get Longer Payment Terms from vendors
08 Sep

Bharti Airtel and Vodafone Idea have obtained payment terms of up to three years — as against the norm of three-six months — for renewed and fresh equ ...

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PMO Stand on Data Localisation Soon
08 Sep

The Prime Minister’s Office (PMO) will take a call on India’s position on data localisation, considering its strategic and security aspects, even as i ...

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Growth in FMCG sector has slumped, 4 Qtr. in a row
07 Sep

Growth in the fast-moving consumer goods (FMCG) sector has slumpe ...

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India will review the methodology of estimating its factory output by IIP( index of industrial production)
07 Sep

India will review the methodology of estimating its factory output – index of industrial production (IIP) – and identify gaps amid concerns over the ...

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Representative of MSMEs raised their concern over high interest rates and loan disbursal
07 Sep

Representatives of micro, small and medium enterprises (MSMEs) raised concerns over high interest rates, delays in loan disbursal and banks insistenc ...

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RIL Ind. and BP Plc announced a joint venture to open 5500 station, will sell Jet fuel too
07 Sep

Mukesh Ambani-led Reliance Industries and British energy major BP Plc announced a joint venture to open 5,500 petrol stations and sell jet fuel ...

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Govt. wants to freeze a/cs of IL&S auditors
07 Sep

There’s more trouble for the auditors of the crippled IL&FS — Deloitte and BSR. The corporate affairs ministry on Tuesday moved the NCLT, s ...

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Easier norms to help pump prime fuel retailing segment
07 Sep

The government is planning a major reform in fuel marketing to allow foreign energy giants such as Saudi Aramco, Total and Trafigura, as well as sup ...

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Centre readies to take charge of J&K bank
06 Sep

The amendment to Article 370 has opened the doors for the Centre to take control of Jammu & Kashmir Bank, which has so far enjoyed a special sta ...

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Rupee recorded biggest fall in 6 years
06 Sep

The rupee recorded its biggest single-day fall in six years to breach the 70-level for the first time since May 2019 on the back of a crash in ...

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Govt. prodded banks to speed up rate cuts
06 Sep

The government prodded banks to speed up rate cuts, while seeking to include auto and housing loans under the 59-minute scheme to fast-track clearan ...

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Cos may have to geotag and furnish the pictures of CSR projects soon
06 Sep

Companies may soon have to geotag and furnish pictures of projects undertaken under their corporate social responsibility (CSR) programmes to the go ...

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Service Sector Activity rebounds in July
06 Sep

India's service sector activity rose to a 12-month high in July, boosted by fast output growth and strong domestic and international demand, pushing ...

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Centre has decided to auction 27 coal blocks to Pvt Cos
06 Sep

The centre has decided to auction 27 coal blocks to private companies who can sell 25% of the produce in the open market at a premium of 15% over th ...

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Indian stock market cap fell below $2-Trillion mark as FPIs exit
05 Sep

India’s stock market capitalisation fell below the $2 trillion mark for the first time in six months, triggered by the selloff on Dalal Street in Ju ...

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Retailers are cutting production ahead of festive season
05 Sep

Fashion and lifestyle retailers are cutting production ahead of the crucial Diwali festive season as they moderate their sales targets due to poor c ...

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India is close to finalising a direct subsidy plan for battery manufacturing
05 Sep

India is close to finalising a direct subsidy plan for battery manufacturing to fire up its clean energy switch. It will in December, invite bids fr ...

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Maruti Suzuki India is likely to operate only one shift at all its plants
05 Sep

Maruti Suzuki India is likely to operate just one shift at all its plants, with demand for cars slumping to multi-decade lows across the country and ...

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Finance ministry to review credit, bad loans with banks
05 Sep

The finance ministry will hold a review meeting with bank chiefs on August 5 to assess the progress made by them in credit growth, resolut ...

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RBI is likely to cut repo rate by 25bps to counter mounting growth concerns
05 Sep

Although banks have passed on less than a third of the rate cut announced by the RBI this year, the central bank is widely expected to reduce i ...

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Govt. is likely to provide relief for SEBI-listed FPIs from super rich levy
03 Sep

The government has begun to look at providing quick relief to foreign portfolio investors (FPIs) structured as trusts from the super-rich surcharge, ...

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Jail term for CSR violation makes many anxious
03 Sep

A harassment tool or a better performance enabler? Indian companies are mostly anxious about recent changes in Companies Act making compliance with ...

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Tata group has taken the lead to set up over 500 charging station
03 Sep

Tata group plans to set up a network of 500 public fast-charging stations for Read more orange-arrow

Fewer cases admitted for resolution in Q1
03 Sep

For only the second time since the enactment of the Insolvency...

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SBI has reported a net profit of Rs. 2312 cr. for Q1
03 Sep

State Bank of India (SBI) has reported a net profit of Rs 2,312 crore for the quarter ended June 2019, as against a loss of Rs 4,876 crore in t ...

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Raiding RBI reserves only illustrates " desperation " of the Govt.
03 Sep

Raiding the reserve of the central bank only illustrate the "desperation" of a govt. and we should be very wary and careful while determining the va ...

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FPIs looking for concession to convert themselves into companies
02 Sep

Foreign portfolio investors (FPIs) looking for concessions to convert themselves into companies from a trust structure in order to avoid paying a hi ...

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NBFC top senior professional are moving out to join banks, Fintech
02 Sep

Several senior professionals in the non-banking finance space have quit over the past year and hundreds more are on the lookout for openings elsewhe ...

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Cars fall into a deep hole
02 Sep

Passenger vehicle sale in the domestic market recoded their highest ever decline falling by 31% to 200294 units last month amid extremely weak consu ...

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Bharti Airtel reported a consolidated net loss of Rs. 2866 cr in April-June quarter
02 Sep

Bharti Airtel reported a consolidated net loss of Rs 2,866 crore in the April-June quarter, its first in 14 years, dragged by a one-time expens ...

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Indian banks wrote off a record Rs. 2.54 Lakh cr of bad loans in FY19
02 Sep

Indian banks wrote off a record Rs 2.54 lakh crore of bad loans in FY19 to show reduced NPAs on their books, a trend that continues into FY20 as wel ...

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India has been pushed to the 7th place in the global GDP ranking: WB
02 Sep

India has been pushed to the seventh place in the global GDP rankings in 2018 with the UK and France forging ahead the fifth and sixth spots, d ...

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Promoters of Zee Entertainment Enterprises will sell 11% to Invesco Oppenheimer
01 Sep

The promoters of Zee Entertainment Enterprises (ZEE) will sell an 11% stake in the media company to US-based financial investor Invesco Oppenheimer ...

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SBI plans to raise Rs 6000 crore from sale of part stake in card unit
01 Sep

State Bank of India (SBI) plans to raise Rs 5,000-6,000 crore by selling a part stake in its credit card joint venture, said two people familiar wit ...

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Tech Mahindra should improve margins: Mahindra
01 Sep

 Tech Mahindra chairman Anand Mahindra said on Wednesday that the company had to improve profitability, after shareholders pointed out its huge ...

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Lenders, Bond investors stare at Haircut as stock tumbles at 57%
01 Sep

Lenders and bond investors at Coffee Day Enterprises (CDE), the holding company of Cafe Coffee Day, are staring at haircuts after steep erosion in t ...

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Oil traded a near 2-week high on Tighter supply
01 Sep

Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Pers ...

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Indian stock indices recorded their steepest fall in July since 2002
01 Sep

Indian stock indices recorded their steepest fall for the month of July in 17 years on Wednesday even as the benchmarks ended marginally higher on t ...

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CCD founder VG Siddhartha commits suicide, India Inc stunned
31 Sep

VG Siddhartha, founder of Coffee Day Enterprises, committed suicide by jumping into a river in Mangluru on 29th July. His body has been found today i. ...

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Supreme Court to decide whether to refer 10% EWS quota to constitution bench
31 Sep

The Supreme Court on Tuesday began looking into the legal complexities of the 103rd Constitutional Amendment, setting aside a 10% quota for the econ ...

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Govt. has drawn up a list of CPSEs for Buybacks
31 Sep

The government has drawn up a list of around a dozen state-run firms which can go for possible buybacks in this financial year. 
The list ...

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NCLAT directed the resolution professional to call fresh bids for Jaypee Infratech
31 Sep

In a boost to homebuyers and lenders of Jaypee Infratech, an appellate tribunal on Tuesday directed the appointed resolution professional (RP) to ca ...

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RBI eases foreign borrowing norms for Non Banking Financial Companies
31 Sep

There is relief on the liquidity front for non-banking finance companies (NBFCs) and stressed borrowers who now have more freedom on forei ...

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SBI tightens lending norms for auto dealer financing
31 Sep

SBI is understood to have tightened lending norms for dealers of Hyundai cars and other vehicles. The bank is reportedly seeking additiona ...

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Top public and private sector banks are raising funds to grab NBFC share
30 Sep

Top public and private sector banks are going on a fundraising spree as they seek to wrest market share from nonbanking finance companies (NBFCs) fa ...

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IBC amendments are aimed at greater clarity: Sitharaman
30 Sep

Finance Minister Nirmala Sitharaman on Monday told Rajya Sabha that the proposed amendments in the Insolvency and Bankruptcy Code are aimed at ensur ...

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Honda recalls over 5000 cars to replace faulty airbags
30 Sep

Japanese auto major Honda Monday said it is recalling 5088 vehicles to replace faulty driver and front passenger airbag inflators. 
The ve ...

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Inter-ministerial penal has sanctioned 5645 electric buses for 65 cities
30 Sep

In a push towards environment friendly transport,  inter-ministerial panel has sanctioned 5,645 electric buses for operations in 65 cities, a m ...

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SBI has announced a sharp reduction in fixed deposit rates by 50-75 bps
30 Sep

India’s largest lender State Bank of India (SBI) has announced a sharp reduction in fixed deposit rates. The cut will translate into lower lending r ...

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Telecom firms owe over Rs 92000 crore as license fees
30 Sep

Leading private telecom players like Bharti Airtel, Vodafone and state-owned MTNL and BSNL have a pending license fee outstanding of over Rs 92 ...

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Surcharge levied on high income earners had not been intended to hit FPIs: Sitharaman
29 Sep

Surcharge levied on high income earners in the budget had not been intended to hurt foreign portfolio investors (FPI) structured as trusts. The gove ...

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MFs seeks SEBI guidance on Inking Inter Creditor Agreement
29 Sep

 Mutual funds have asked SEBI whether they should join banks and other financial institutions in throwing a lifeline to distressed borro ...

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Probe agencies are likely to confront Chanda Kochhar and Venugopal Dhoot
29 Sep

Probe agencies are likely to confront Deepak and Chanda Kochhar and Videocon group chairman Venugopal Dhoot, after two separate reports that concurr ...

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Benchmark yield surges 22bps in past 7 days, could impact govt. move to lower borrowing cost
29 Sep

Uncertainty over the sale of sovereign bonds overseas for the first time is causing yields to harden unexpectedly in India, where most market partic ...

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Revenue concession to Regional Comprehensive Economic Partnership (RCEP) may touch Rs 60000 crore
29 Sep

Hidden in the Budget documents is a number that has gone virtually unnoticed - India's revenue foregone due to the trade agreement with ...

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E-market Udaan is in talks to raise funding of around $500 million
29 Sep

  Udaan, an online marketplace that supplies products and gives  loans to small merchants, is in talks to raise a new round  fundi ...

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Jio pips Voda as India's No. 1 mobile operator
27 Sep

Less than three years after making a re-entry into the telecom business, Mukesh Ambani's Reliance Jio has emerged as the country's largest mobile oper ...

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AU Small Finance net profit more than doubles to Rs 190 cr in June quarter
27 Sep

AU Small Finance Bank on July 25 said its net profit more than doubled to Rs 190 crore in the first quarter ended June 30. The company's net profit ha ...

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Huge hike in vehicle registration charges
27 Sep

You may soon have to shell out Rs 5,000 for registering your new petrol or diesel car. Renewing their registration will cost Rs 10,000. Currently, bot ...

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NBFCs with big realty loans must rebalance books: RBI
27 Sep

The Reserve Bank of India (RBI) has asked nonbanking finance companies (NBFCs) with loans predominantly made to real estate companies to bring down th ...

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Currency policing must be done by IMF, not US: Das
27 Sep

Reserve Bank of India (RBI) governor Shaktikanta Das has questioned the US bi-annual report calling out emerging markets for currency manipulation sta ...

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INS urges Centre to withdraw 10% import duty on newsprint
27 Sep

The Indian Newspaper Society (INS) on Friday appealed to the Centre to withdraw the 10% customs duty imposed in the Budget on newsprint, uncoated pape ...

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Tata Motors quarterly loss doubles in Q1 to Rs 3,680cr
26 Sep

Tata Motors’ quarterly loss almost doubled in April-June as the country’s largest automaker was hit by lower sales. Loss at the Tata Group flagship wi ...

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NCLT stays its own order to sue IL&FS auditors
26 Sep

The National Company Law Tribunal (NCLT) on Thursday stayed its own order allowing the government to prosecute the three partners of Deloitte and BSR ...

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Citi tops foreign banks in profits
26 Sep

Citibank has become the largest foreign bank in India on most parameters, including profits and balance sheet size, and has emerged as the first forei ...

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Ethnic, textile products from Rajasthan a big hit: Snapdeal
26 Sep

Online marketplace Snapdeal that specializes in budget-segment products is betting on the sellers of ethnic wear, textiles, bed linen and fashion acce ...

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Future Fashions $250m Deal with Blackstone
26 Sep

Blackstone, the world’s largest private equity firm, has stitched up a $250 million investment in Kishore Biyani’s Future Lifestyle Fashions (FLFL), o ...

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DHFL Resolution Plan Seeks Easier Terms
26 Sep

Dewan Housing Finance (DHFL) has sought relaxation of original loan terms in the resolution plan it has put forward before lenders.The embattled home ...

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Panel on RBI Reserves Likely to Meet Again
26 Sep

The high-level Bimal Jalan panel could hold another meeting before submitting its report on the Reserve Bank of India’s economic framework that will d ...

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Finance cos may face bank-like restrictions
25 Sep

After forcing banks to recognise stressed loans as non-performing assets (NPAs) last year, the Reserve Bank of India (RBI) is talking tough to large f ...

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Slowdown hits 10L jobs in auto parts cos
25 Sep

Nearly 10 lakh jobs have been shaved off from the auto component industry, following a prolonged and painful slowdown that has seen the demand for car ...

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Damodaran brokers to stop ongoing fight between IndiGo promoters
25 Sep

IndiGo chairman M Damodaran has brokered a truce between the airline’s warring promoters — Rahul Bhatia with his family-controlled InterGlobe Enterpri ...

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DHFL could Form JV for Stake Sale
25 Sep

Dewan Housing Finance Corp Ltd (DHFL) is looking to form a JV structure for its proposed stake sale that’s part of the company’s revival plan, said pe ...

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India Moves Up Five Places to 52 on Global Innovation Index
25 Sep

India climbed five places up in a global index of innovation, buoyed by improved productivity growth and exports of services related to information an ...

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Foreign banks in India net up on higher interest income
25 Sep

Large foreign banks with the exception of Barclays have seen a rise in their India net profit in the year ended March 2019 driven by higher interest i ...

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FM hints 25% corporate tax may be extended to all companies
24 Sep

Finance minister signaled that the government may extend the lower corporate tax rate of 25% to all companies, giving India Inc something to cheer abo ...

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High govt debt forces NBFCs to borrow short-term
24 Sep

Outgoing Reserve Bank of India (RBI) deputy governor Viral Acharya blamed high government borrowing for the asset-liability mismatches of non-banking ...

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Rana Kapoor family pledges 7% in Yes Bank
24 Sep

Rana Kapoor and Morgan Credits, promoters of Yes Bank, have disclosed to the stock exchanges that they have together pledged their entire stake in the ...

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HUL Q1 net profit up by 15%, but volumes halve
24 Sep

Hindustan Unilever (HUL) reported a 15% growth in standalone net profit at Rs 1,755 crore in the first quarter ended June 30, 2019, on a 7% growth in ...

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Government tables bill on labour codes on wages and on occupational safety
24 Sep

The government introduced the labour codes on wages and on occupational safety, health and working condition in the Lok Sabha on 23/07/2019   ...

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Changes in Motor Vehicle Act get loksabha approval
24 Sep

The Lok Sabha on 23/07/2019 approved the Motor Vehicles (Amendment) Bill, 2019 which seeks to impose strict penalties on violation of traffic rules an ...

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Super-rich need to pay interest on June advance tax
23 Sep

The super-rich are likely to be hit with a double whammy. They will have to pay interest on the advance tax installment that was due on June 15, in li ...

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National Housing Bank directs home finance companies (HFCs) to desist from offering interest subvention schemes
23 Sep

The liquidity squeeze in the real estate sector is expected to deepen further with the National Housing Bank’s latest directive to home finance compan ...

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Status quo on Essar Steel sale for now
23 Sep

The Supreme Court on 22/07/2019  ordered that status quo be maintained for now on the proposed sale of ailing Essar Steel  to Arcelor-Mittal ...

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NHAI, SBI in talks to monetise highways
23 Sep

The National Highways Authority of India (NHAI) is in talks with State Bank of India to monetise road projects with high traffic density as it explore ...

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E-commerce and IT sector will see a big drop in fresh generation of job
23 Sep

Key job-creating sectors are likely to see a big drop in the generation of fresh employment, thanks in part to automation. Sectors including e-co ...

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Defamation case: Tata, group execs get HC relief
23 Sep

The Bombay HC on Monday quashed an order of a lower court that had allowed proceedings against chairman emeritus of Tata Sons Ratan Tata and ...

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RBI in sync with government efforts to accelerate growth
22 Sep

The Reserve Bank of India (RBI) is doing everything at its disposal to be in sync with the government’s efforts to accelerate economic expansion, be i ...

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Luxury car market shrinks by a quarter
22 Sep

India’s luxury car market shrank by as much as a quarter in the first half of this year, industry executives said, as a slowdown in economic growth an ...

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New account method helps Jio stay profitable despite ARPU fall
22 Sep

The adoption of a new accounting standard Ind As -116 for its lease of assets, coupled with a combination of lower interconnect and employee costs hel ...

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Provident funds lend more to states in chase for better returns
22 Sep

Provident funds (PFs) have sharply increased their investment in state governments in their quest for higher yields to meet the returns assured to emp ...

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Fake motor policies more than double in two years
22 Sep

Fake motor insurance policies have more than doubled to 1,192 cases from 498 cases, with more than Rs 53 crore worth fake policies sold in India in th ...

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Govt looks to cut stake in select state-run entities to up to 26%
22 Sep

The government is looking to pare down its stake in select state-run entities to up to 26%, setting the stage for some big-ticket strategic sales.&nbs ...

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Reliance Industries Q1 net rises as telecom, retail offset refining hit
20 Sep

Reliance Industries Ltd (RIL) on Friday reported a 6.8% year-on-year (y-o-y) increase in net profit for the June quarter, beating Street estimates on ...

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IndiGo reports highest ever quarterly profit
20 Sep

IndiGo has reported the highest ever quarterly profit at Rs 1,203 crore for Q1 (April-June) 2019-20, largely on the back of a rise in airfares after J ...

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Rating firms colluded with IL&FS executives: Audit
20 Sep

A forensic audit on credit rating agencies has pointed to massive irregularities by top IL&FS executives in obtaining favourable ratings, with all ...

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Deloitte, BSR fight with government over NCLT’s jurisdiction to ban them for 5 years
20 Sep

Deloitte Haskins & Sells and BSR & Associates, a KPMG network firm, on 19/07/2019 said the NationalCompany Law Tribunal(NCLT) didn’t have a ju ...

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No separate law yet to ban cryptocurrency in India
20 Sep

The government has not prohibited the use of cryptocurrencies in India, union minister of state for finance has said.  There was no separate ...

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Monsoon covers entire country, rain deficit stands at 18%
20 Sep

The monsoon has covered the entire country with rain clouds reaching west Rajasthan on 19/07/2019, the weather office has said, It is four days behind ...

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FM sticks to proposals, no relief to FPIs in trust form
19 Sep

Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structure ...

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Govt asks IndiGo to explain the ongoing misgovernance
19 Sep

The government has sought an explanation from IndiGo on complaints of alleged misgovernance levelled by the airline’s co-founder Rakesh Gangwal, ...

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Sebi wants strict rules for resigning auditors
19 Sep

Markets regulator Sebi proposed stricter disclosures, including detailed reasons, on resignation of auditors.
The move comes amid rising instances ...

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Jet Airways’ resolution professional receives claims worth Rs 25,000 crore
19 Sep

The resolution professional overseeing Jet Airways  has received claims worth close to Rs 25,000 crore, and has so far accepted only about on ...

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Difficult to enforce new public holding rule:SEBI
19 Sep

The Securities and Exchange Board of India (Sebi) has told the government that recent budget proposals could undermine its role as regulator, particul ...

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Indian law firms agree to open doors for foreign peers
19 Sep

The Society of Indian Law Firms (SILF) has recommended to the government that foreign law firms be allowed into India in four phases, marking a revers ...

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Jalan Panel wants transfer of RBI’s surplus reserves over 3-5 years
18 Sep

A high-level committee set up by the Reserve Bank of India (RBI) on its economic capital framework (ECF) has recommended that surplus reserves held by ...

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Cabinet approved bill to amend companies law
18 Sep

The Union cabinet has approved changes to the Companies Act of 2013 that make it mandatory forcompanies to create a ring-fenced escrow account for cor ...

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Railways needs to raise capacity to handle passenger, freight traffic
18 Sep

Indian Railways is finding it tough to cope with passenger and freight demand, and needs to raise capacity to handle traffic in these two segments.In ...

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FMCG companies losing speed, growth slows for third quarter (April-June)
18 Sep

Growth in India's fast moving consumer goods (FMCG) sector is declining as lower spending in urbancentres and slowdown in rural growth crimp consumpti ...

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Airtel, Jio plan HUL tie-up for new consumer connect
18 Sep

Indian telecom giants Bharti Airtel and Reliance Jio are in talks with Hindustan Unilever (HUL) for tie-ups to offer localised discounts on the l ...

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Companies may face penalty for not meeting CSR spend target
18 Sep

The government recommended several amendments to the Companies Act, including penalty on companies that do not meet the mandated 2% spending requireme ...

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IBC Cabinet okays IBC tweaks, gives financial creditors upper hand
18 Sep

The cabinet approved key changes in the Insolvency and Bankruptcy Code (IBC) aimed at restrictingthe resolution process to 330 days, including time fo ...

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Modi Govt spends higher than 45 years' investments on PSU Banks
17 Sep

In the 50 years since banks were nationalised, the recapitalisation bill from FY18 to FY20 at Rs 2.69 lakh crore has been higher than in the first 45 ...

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Snapdeal losses drop by 70% in FY19 to make a turnaround
17 Sep

Online marketplace Snapdeal said it has managed to cut losses by 70% to Rs 186 crore while increasing the consolidated revenue by 73% to about Rs 925 ...

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IndiGo on radar: Sebi and MCA seeks details from airline on promoter grievance
17 Sep

Regulatory pressure has increased on IndiGo to disclose details of the dispute between the promoters with the Securities and Exchange Board of India a ...

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Investors Add 41 L Demat A/cs in a Year
17 Sep

The recent volatility in the stock market hasn’t deterred new investors from trying their luck in equities. In the one year ended June 30, a good 41 l ...

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Looking to replace Chinese imports, US turns to Indian products
17 Sep

In the way of continually rising trade tensions, American importers of sports goods, toys, stationery, cables and electronics parts have reached ...

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New Vehicle Registrations Down By 5.4% in June
17 Sep

According to the The Federation of Automobile Dealers Associations (FADA) report, the total Vehicle Registrations fall 5.4 per cent, which included ...

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RBI fines SBI Rs 7cr, Union Bank Rs 10L for violations of NPA rules
16 Sep

The RBI has fined SBI and Union Bank of India Rs 7 crore and Rs 10 lakh respectively for non-compliance with directions. SBI has been penalised for no ...

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Spending on Overseas Travel, Education Records a 60% Surge
16 Sep

Indians are spending more on overseas travel and education shows Reserve Bank of India data as spends rose more than 60% year on year this May just ah ...

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NPA Tag for 738 Loan Accounts in 2018-19: Thakur
16 Sep

Loan accounts of 738 borrowers having exposure of Rs 100 crore or more with state-run lenders were classified as bad loans in 2018-19, minister of sat ...

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Deloitte, KPMG will get enough time for Defence against Ban
16 Sep

The National Company Law Tribunal on Monday gave time until Friday to Indian affiliates of Deloitte and KPMG to put forth their defence, over the gove ...

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DHFL may finalise a stake sale in next two weeks
16 Sep

Troubled mortgage-lender DHFLis likely to finalise a stake sale in the next two weeks as it cleans up the asset-liability mismatch with loan restructu ...

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Govt Plan Tough, but necessary to make India EV Hub: Munjal
16 Sep

Hero Eco managing director Naveen Munjal struck a dissonant note from Hero Moto-Corp Chairman Pawan Munjal saying that while the government’s proposal ...

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Govt Working on Solution for FPIs Facing Higher Surcharge
15 Sep

The government is considering some manner of relief for foreign portfolio investors (FPIs) from the super-rich surcharge levied in the budget that has ...

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DHFL admits irregularities, warns it may not stay afloat
15 Sep

Troubled housing finance provider DHFL has admitted to irregularities in recognising some income and in failure to monitor end use of some other loans ...

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Jet Airways audit shows diversion of funds, fraudulent billing
15 Sep

A State Bank of India commissioned forensic audit of Jet Airways  books has revealed misappropriation of funds relating to provision of loans a ...

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11 Nifty-50 companies deviate from Sebi rules
15 Sep

A total of 26 deviations were committed by close to a fourth of the Nifty-50 companies, 11 to be exact, for the year 2018-19, according to the first ‘ ...

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Slowdown in auto, realty may dent NBFCs’ disbursement growth numbers
15 Sep

Non-banking finance companies may witness one of the slowest disbursement growth rates in over three years in the June quarter, owing to sparse liqu ...

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Swiggy in talks with Korean funds to raise up to $500M
15 Sep

Food delivery app Swiggy is in talks with South Korean f ...

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ITC Plans to invest in FMCG startups
13 Sep

FMCG-to-tobacco-to-hotel conglomerate ITC looks all set to invest directly in startups which would help them enter into new categories or developphysi ...

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Low costs, tax sops boost car leasing
13 Sep

As individual car lease, hits mass market brands including Hyundai, Toyota, Mahindra and Fiat, auto marketers are targeting self-employed andprofessio ...

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IL&FS Probe Shows How LIC Derailed Piramal Group’s Bid
13 Sep

Investigations into Infrastructure Leasing & Financial Services (IL&FS) have revealed more details about the role of its biggest stakeholder L ...

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Govt may mobilise Rs 70,000-cr from issuance of sovereign bonds abroad
13 Sep

Terming the proposed issuance of sovereign bonds in overseas markets as the “boldest announcement” of the Budget, About Rs 70,000 crore could be mobil ...

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Debit cards drop sharply by 10 crore in Mar-May
13 Sep

Debit cards in circulation dropped by nearly 10%, or 10 crore cards, between March and May, declining from 92.4 crore to 82.4 crore as more banks repl ...

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SBI waives charges for internet, mobile banking customers
13 Sep

With an aim to boost digital transactions, State Bank of India on 11/07/2019  waived Real Time Gross Settlement (RTGS) and National Electronic Fu ...

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Reliance Infra and Power got a respite from lenders
12 Sep

Reliance Infrastructure and Reliance Power got a respite from lenders, who granted them more time to resolve debt issues, triggering a rise in the s ...

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Recruitment across India's NBFCs has been put on hold
12 Sep

Recruitment across India’s non-banking finance companies has slowed to a crawl, with hiring practically at a standstill other than for critical role ...

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Monsoon delivers 28% more rain than average in past weeks, Rain deficit reduces to 12% after revival
12 Sep

The monsoon has surged to deliver 28% more rainfall than average in the past week, in the first burst of heavy showers over most part of the country ...

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Govt. is expected to bring in amendments in individual and cross border cases
12 Sep

The government is expected to bring in amendments to the Insolvency and Bankruptcy Code (IBC) in individual and cross-border cases, seeking to ensur ...

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Casio has sued Snapdeal and e-sellers for allegedly selling fake products
12 Sep

Japanese consumer electronics giant Casio has sued online retailer Snapdeal and sellers on its platform for allegedly selling counterfeit versi ...

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Housing has become less affordable over the last four years: RBI Study
12 Sep

Even as the real estate industry complains of a slowdown in sales, a Reserve Bank of India (RBI) survey has said that housing has become l ...

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FPIs seeking to convert themselves from trust and AOP to 'Corporate'
11 Sep

At least 30 big-ticket foreign portfolio investors (FPIs) have r ...

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Nation can ill afford IndiGo faltering: Rakesh Gangwal
11 Sep

Rakesh Gangwal, the billionaire co-founder of IndiGo and airline industry veteran, is determined to root out what he regards as poor corporate gover ...

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The government's moves to raise excise may impact stock performance of OMCs
11 Sep

The government’s moves to raise tax revenues is likely to impact the stock performance of state-owned oil marketing companies (OMCs) — Indian Oil Co ...

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Auto sales crash 12% in Q1, Worst since global economy meltdown in 2008-09
11 Sep

The crisis in the auto sector has worsened. Hit by a slowing economy, credit crunch and rising unemployment across major  cities, auto sal ...

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With 40000, TCS is one of US's biggest job creaters
11 Sep

Tata Consultancy Services (TCS) is one of the top job creators in the US, Milind Lakkad, the company’s global  global HR head said. < ...

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5% TDS on Life Policy better than 1% on maturity: Life Insurers
11 Sep

 Insurers say that tax deduction at source (TDS) on taxable ...

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Strict norms in the works for State Banks to purchase only AA rated and above NBFCs assets
10 Sep

The government may allow state-run lenders to buy only AA and higher rated retail pooled assets of non-banking financial companies (NBFCs) under the ...

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RBI's exposure regulations are more stringent than global ones
10 Sep

The Bank for International Settlements (BIS) has said that several of RBI’s regulations for large exposures by banks are more stringent than gl ...

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"Look Out" circular was issued against Goyal at SFIO's instance under MCA in connection with a probe
10 Sep

Additional Solicitor General Maninder Acharya said LOC was issued against Naresh Goyal at the insistence of the Serious Fraud Investigation Off ...

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Swiggy will invest $100 million to deliver milk and other essentials
10 Sep

Swiggy will invest $100 million (over Rs 680 crore) for its subscription-based delivery business under Supr Daily, which delivers milk and other dai ...

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Higher Tax on all super-rich, not targeting Foreign portfolio investors
10 Sep

Amid a backlash from foreign portfolio investors (FPIs) over the new tax, the government on Tuesday said it is not targeting them by raising ta ...

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NRIs' residential status comes under the investigation wing of Income Tax (I-T) department
09 Sep

The investigation wing of the income tax (I-T) department is going through the ‘residential’ status of non-resident Indians (NRIs) with a fine-tooth ...

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SEBI seeks 3 months to finish probe into the deal between Brookfield and Hotel Leela venture
09 Sep

Capital market regulator, Securities & Exchange Board of India (Sebi), has informed the dedicated bankruptcy court that it will take three more ...

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Mandhana buyer has alleged that lenders and resolution professional have acted fraudulently during resolution process
09 Sep

Formation Textile, the US based winning bidder of mandhana industries , has alleged that lenders to the company led by Bank of Baroda as well as its ...

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Newspaper body seeks withdrawal of 10% Customs Duty on Newsprint as imposed in budget
09 Sep

The Indian Newspaper Society (INS) has requested the government to withdraw the 10% customs duty imposed on newsprint, uncoated paper used for print ...

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RBI keeping a close watch on NBFC operations based on their size and payment
09 Sep

The Reserve Bank of India said it is keeping a close watch on non-banking finance companies based on their size and payment behaviour after unveilin ...

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PSUs with Govt. stake below 51% won't face CAG and Central Vigilance commission scrutiny
09 Sep

State-run companies where the government brings down its stake below 51% may not come under the scrutiny of government vigilance agencies such as th ...

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Oyo founder in talks to buy back $1.5 billion shares
08 Sep

Ritesh Agarwal, founder of Oyo Hotels & Home, is in the midst of buying back shares from early investors Sequoia Capital and Lightspeed Venture Pa ...

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Overseas borrowings in FY20 could be limited to $10b
08 Sep

India’s foreign currency borrowing programme is likely to start small with an offer in the second half of the year and will probably be below $10 bill ...

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Change in Income Tax Act may lure buyers to IL&FS
08 Sep

A key budget proposal will help sweeten the deal for any potential suitors of Infrastructure Leasing & Financial Services (IL&FS), which has b ...

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Nearly 4,000 companies set to gain from corporate tax reduction
08 Sep

The government’s move to reduce the corporation tax rate to 25% will benefit around 4,000 companies with the Centre expected to forego Rs 3,000 crore ...

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Videocon case, NCLT asked to pass orders in 3 weeks
08 Sep

The National Company Law Appellate Tribunal has directed the National Company Law Tribunal to pass orders on consolidating the bankruptcy proceedings ...

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Refund home buyers for delays with interest equal to home loan rate
08 Sep

In order to ensure that homebuyers recover their money, including interest paid on home loans, the National Consumer Disputes Redressal Commission (NC ...

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PAN won’t be a pain, Aadhaar will do for filing I-T returns
06 Sep

Aadhaar and PAN may soon be interchangeable, a move that may see UID become the more prevalent ID in the future. The FM on Friday proposed to allow ...

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Govt sets record disinvestment target of Rs 1.05 trn selling PSU stakes
06 Sep

The government will initiate privatisation of Central Public Enterprises (CPSEs), including Air India, as it sets a record high disinvestment target ...

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No angel tax on capital invested in startups
06 Sep

Startups have much to cheer a series of measures have been introduced to simplify long pending issues like angel tax with the FM saying that startup ...

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NBFCs get twin lifelines
06 Sep

Non-banking finance companies, which have been strained for liquidity after the IL&FS collapse, have got twin lifelines from the government and t ...

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Green mobility gets fresh e-charge
06 Sep

Green mobility was the flavour of finance minister Nirmala Sitharaman’s maiden Budget speech as buying electricvehicles has been made attractive throu ...

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End to merchant charges to Boost UPI,QR
06 Sep

In a significant move which may give a big boost to Unified Payments Interface-based transactions at merchant locations, the government has propo ...

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EV charging stations will get to choose infrastructure technology
05 Sep

The government has decided to modify the guidelines for electric vehicle charging stations to give developers a freehand to choose the infrastructur ...

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Startups in dire need of regulatory clarity
05 Sep

The government’s latest Economic Survey has sought the removal of regulatory ambiguities for India’s startup ecosystem to flourish, and called for a ...

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Tribunal upholds Arcelor’s Rs 42k-crore bid for Essar Steel
05 Sep

The company law appellate tribunal in Delhi has upheld Arcelor Mittal’s Rs 42,500-crore bid for Essar Steel, but afte modifying the distribution ...

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SoftBank faces Oyo riders for stake increase
05 Sep

The founder and the largest minority investors of Oyo Hotels and Homes have put in a clause in the company’s charterthat SoftBank cannot increase its ...

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Yes Bank invokes pledged Eveready shares
05 Sep

Yes Bank has invoked pledged shares in Eveready Industries over a payment default by its group firm McLeod RussIndia. The B M Khaitan-founded Williams ...

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Tata Motors uses production cuts, retail push to ride out slowdown
05 Sep

Tata Motors has decided to implement periodic production cuts at its passenger-car plantsand focus on retail sales to prop up dealerships amid an indu ...

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Yes Bank invokes pledged Eveready shares
04 Sep

Yes Bank has invoked pledged shares in Eveready Industries over a payment default by its group firm McLeod Russ India. The B M Khaitan-founded Wi ...

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Ahead of budget, services sector activity contracts
04 Sep

Activity in the country’s key services sector contracted in June for the first time in over a year, dragged down by stagnant sales, while job creati ...

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SAT asks SEBI to decide in derivative trades case
04 Sep

Foreign portfolio investors (FPIs), which infuse billions of dollars into the country’s securities market, are anxiously awaiting the Securities Appel ...

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RBI norms for video KYC may be out in a month
04 Sep

The Reserve Bank of India is likely to soon release video Know Your Customer (KYC) guidelines for financial services companies, following multiple c ...

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Auditor resignations likely to trigger probes by RBI, Sebi
04 Sep

The spate of auditor resignations from companies in last few weeks and questions raised over certain transactions could lead to the securities and b ...

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Nifty50 companies' net profit may rise 29% in April-June
04 Sep

Net profits of Nifty 50 companies could climb 29 per cent on-year in the June quarter on expectations that some of the banks, which had shown signif ...

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Tatas battle misinformation campaign against salt brand
04 Sep

Tata Group, the country’s largest conglomerate, has been battling to dispel a misinformation campaign about the safety of its biggest brand Tata Sal ...

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Govt. is considering a Rs 74000cr bailout plan for BSNL, MTNL
03 Sep

The government is considering a Rs 74,000-crore bailout plan for the bleeding state-owned telecom companies BSNL and MTNL. The strategy involve ...

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Auto dealers shut shop as sales slow
03 Sep

The ongoing slowdown in the automobile industry — along with the liquidity crisis in the market — has had a crippling effect on the dealer ...

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Ola Electric Mobility has raised $250-million funding from SoftBank
03 Sep

Ola Electric Mobility has raised $250 million (Rs 1,725 crore) from Japanese investment heavyweight SoftBank, valuing the company at close to $ ...

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India's handset makers have asked govt. to limit import duty on high-end phones above Rs 20000 to Rs 4000
03 Sep

India’s handset makers have asked the government to limit import duty on high-end phones above Rs 20,000 to Rs 4,000 — as opposed to 20% of the impo ...

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NCLAT has called out Jaypee Infratech lenders for "Backdoor Negotiations" with Adani
03 Sep

 The National Company Law Appellate Tribunal has called out lenders of Jaypee Infratech for engaging in “backdoor negotiations” with the A ...

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Powers of RBI are wide ranging and Comprehensive: Finance Minister
03 Sep

The finance minister said that the powers of the banking sector regulator, Reserve Bank of India (RBI), are wide-ranging and comprehensive so as to ...

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Passenger Car sales continue to move in reverse gear
02 Sep

Passenger car sales shrank by double digits for the third straight month in June as buyers continued to be put off by higher interest costs followin ...

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IL&FS fallout: ICRA placed MD Naresh Takkar on leave
02 Sep

Moody’s India unit ICRA placed managing director Naresh Takkar on leave until further notice after the market regulator forwarded an anonymous compl ...

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Reliance Jio Infocomm is set to raise $500 million
02 Sep

Jio is set to raise about $500 million (Rs 3,500 crore) in fresh overseas borrowings as India’s newest phone company doubles down on optic-fibre exp ...

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Digital payments through UPI grows 3% in June, Logs 755 million Transaction
02 Sep

Unified payments interface (UPI) recorded a 30% growth in the number of transactions conducted through the platform in June, the highest month-on-mo ...

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Large lenders to the debt laden DHFL agree to consider resolution plan
02 Sep

Large lenders to the debt laden DHFL group have agreed to sign an inter creditor agreement (ICA) on July 5 and consider a resolution plan for the be ...

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Banks have reduced lending rates in response to the cut by RBI
02 Sep

A host of banks have reduced lending rates in response to the cut by the RBI in its policy in June. While ICICI Bank has cut its marginal cost ...

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With Jet in NCLT hanger, Tata group plans to bid for some assets of Jet Airways
01 Sep

The Tata Group plans to bid for some assets of Jet Airways as it undergoes bankruptcy resolution. It had told bankers as much when they sought inter ...

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Banks have alerted RBI about the spike in hedging cost
01 Sep

A dozen large banks have alerted the Reserve Bank of India (RBI) about the spike in hedging cost of corporates as banks are unable to handle surplus ...

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SAT imposed Rs 50000 penalty on SEBI for lapses in probe
01 Sep

The Securities Appellate Tribunal (SAT) imposed a penalty on the Securities and Exchange Board of India (SEBI) in a rare instance of the capital mar ...

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Govt. unlikely to get fiscal boost from RBI surplus
01 Sep

The finance ministry may not get the windfall gain it has been eyeing from Reserve Bank of India (RBI) reserves with the high-level Bimal Jalan pane ...

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PWC resigns as auditor of Eveready Industries
01 Sep

Price Waterhouse & Co Chartered Accountants LLP, a network firm of PwC India, has resigned as an auditor of BSE listed Eveready Industries India ...

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IL&FS has constituted a committee to take up resolution with lenders
01 Sep

The Uday Kotak-led IL&FS board has constituted a six-member empowered committee to finalise the asset-wise framework for resolution with lenders ...

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International fares take to the sky due to grounded Jet
29 Sep

The slump in international capacity created by the grounding of Jet Airways has led to a steep rise in overseas airfares. Flights to destinations su ...

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India is likely to revamp its customs duty regime to boost make in India, exports
29 Sep

India is likely to revamp its customs duty regime, weeding out some exemptions and correcting inverted duty structures to give a boost to the govern ...

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E-sports gaming is now seeing investors attention
29 Sep

E-sports, or gaming that involves multiplayer professional gamers and tournaments offering lucrative price money, is now seeing investor a ...

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Fintech startup Avail Finance has raised an undisclosed amount from Ola
29 Sep

Blue-collar workforce- focused financial technology startup Avail Finance has raised an undisclosed amount from ride-hailing major Ola. The st ...

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Fiscal deficit at 52% of budget target for FY20
29 Sep

The country’s fiscal deficit at the end of May was at 52% of the budgeted target for the current financial year. This may pose some challenge f ...

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Small savings rate cut by0.1% for July-September quarter
29 Sep

The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The mov ...

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Cafe Coffee Day founder VG Siddhartha seeks Rs 8000-10000 cr valuation
28 Sep

Cafe Coffee Day founder VG Siddhartha is seeking a valuation of between Rs 8,000 crore and Rs 10,000 crore from Coca-Cola for the coffee chain he se ...

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New rules on TDS gives additional power to taxman to initiate prosecution against evaders
28 Sep

The government’s move to tighten regulations that would serve as a deterrent for tax evaders has got the India heads of several multinationals worri ...

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Govt. is planning to set up a national data governance centre to hold and manage all public data
28 Sep

The government is planning to set up a national data governance centre to hold all public data, and establish guidelines for the management, sharing ...

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SEBI puts safety net around liquid, debt fund investors
28 Sep

Markets regulator Sebi on Thursday said that every liquid fund should put at least 20% of its total corpus in highly liquid and zero-risk debt ...

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IL&FS crisis to bring discipline into Non Banking Finance Companies
28 Sep

The Reserve Bank of India (RBI) has said that the failure of the lar ...

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State-owned Telcos are battling heavy salary bills: DoT wants aid for BSNL, MTNL
28 Sep

The state-owned telcos BSNL and MTNL are battling heavy salary bills, unlike their private sector competitors. It has sought an immediate budget ...

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Coca-Cola sits down for stake talks over coffee with Cafe Coffee Day
27 Sep

Coca-Cola is in exclusive talks to pick up a significant stake in Café Coffee Day (CCD) as the soft drinks giant looks to gain a foothold in the rap ...

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IL&FS board to consider release of payments to creditors.
27 Sep

The Infrastructure Leasing & Finanacial Services board will on June 28 take up a proposal to release stuck payments of creditors in 13 group entit ...

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Whats App has set up data storage facilities , all set to open payments tap.
27 Sep

Whats App has set up data storage facilities within India for its payments business, according to two people in the know, paving the way for a full fl ...

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SC Puts stay on settlement of equity derivatives trades of Mumbai-based Broking Firm.
27 Sep

The Supreme Court has put on hold the settlement of equity derivatives trades done by Mumbai-based broking firm Allied Financial Services by illegally ...

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I-T department to share details of assets, accounts of loan defaulters with banks: CBDT .
27 Sep

Income tax authorities will share details of assets of borrowers and their guarantors with public sector banks in case of loan defaults. 

...

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Lack of 4G, Staff Costs Slow Down BSNL, MTNL in Data Race.
27 Sep

Absence of 4G services and high employee costs are dragging state-run Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telecom Nigam Ltd (MTNL) behind wh ...

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Bharti Airtel has prepaid loans over Rs 22000 Cr
26 Sep

Bharti Airtel has prepaid over Rs 22,000 crore of rupee-denominated domestic loans to multiple banks using a majority of the carrier’s Rs 25,000-cro ...

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RBI panel wants Govt online loan application platform to reach out to startups
26 Sep

Government-promoted online loan application platform Psbloansin59minutes should expand coverage and extend loans to startups, an expert committee on ...

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Goyal for Reciprocity on Foreign Direct Investment, Ecomm talks with partners
26 Sep

Commerce and industry minister Piyush Goyal has said the government will engage with its trade partners on issues of foreign direct investment (FDI) ...

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Any ban on audit firms may not impact entities that are part of network
26 Sep

Any ban on audit firms may not impact those entities that are part of their networks or their lead partners, a senior government official said. This ...

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Loan sanctions by NBFCs have fallen 31% in Jan-Mar
26 Sep

Loan sanctions by non-banking finance companies (NBFCs) have fallen 31% in the fourth quarter of FY19. Barring gold and personal loans, sanctio ...

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E-comm meeting sees swadeshi, videshi divide
26 Sep

A meeting on the controversial Press Note 2 on FDI in e-commerce marketplace turned into a verbal spat between the “swadeshi” ecommerce players ...

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Madras HC dismissed Cognizant's plea on Rs 2912 cr Dividend Distribution Tax
26 Sep

The Madras High Court June 25 dismissed a batch of petitions from IT major Cognizant challenging the recovery proceedings initiated by the income ta ...

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Without banks on board, Jet probe fails to move ahead
25 Sep

Enforcement officials say they are finding it difficult to investigate alleged wrongdoing at the grounded Jet Airways due to lack of formal complain ...

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Exit of Acharya from RBI as deputy governor marks the end of conservative era
25 Sep

The exit of Dr. Viral Acharya from the Reserve Bank of India as deputy governor will probably mark the end of the reign for conservatives with ...

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I-T dept. issued Rs 64700 Cr. worth of refund in FY20
25 Sep

The Income Tax department has issued Rs 64,700 crore worth refunds in the current fiscal, and for full 2018-19 fiscal the amount released was over R ...

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Piyush Goyal on Monday introduced a bill to allow trusts to set up units in SEZ
25 Sep

Commerce and industry minister Piyush Goyal on Monday introduced a bill to allow trusts to set up units in special economic zones (SEZs). The U ...

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RBI has introduced complaint management system (CMS) on its website
25 Sep

The Reserve Bank of India Monday launched an application on its website for lodging complaints against banks and NBFCs with a view to improve custom ...

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The number of willful defaulters in PSBs has increased by 60% to 8582 in 5 years
25 Sep

The number of willful defaulters in nationalised banks has increased by over 60 per cent to 8,582 in five years to March 2019. By the end of 2014-15 ...

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Coca-Cola India looks to exit bottling activity
24 Sep

Coca-Cola India has begun exploring the process of divesting its asset-heavy bottling partner Hindustan Coca-Cola Beverages’ plants in line with its ...

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Sony India is expecting 10-15% sales growth this fiscal
24 Sep

Sony India is eyeing sales growth of 10-15% this fiscal, snapping two years of de-growth, led by its premium TV range, audio products and camer ...

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Data protection, Aadhaar bill listed for budget session
24 Sep

Three bills key to India’s data privacy and protection regime are among the 40 bills tentatively listed to be taken up in the first session of the s ...

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With no viable revival plan, NCLT has approved a proposal to liquidate S Kumars
24 Sep

The bankruptcy court has approved a proposal to liquidate S Kumars Nationwide (SKNL), after its lenders failed to receive any viable revival plan fo ...

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Concern of solvency of some institutions are weighing on markets: Uday Kotak
24 Sep

Kotak Mahindra Bank vice-chairman and managing director Uday Kotak has said that concerns of solvency of some institutions are weighing on markets. ...

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Startup India fund fell short of its capital allocation target by around Rs.1000-1200 Cr.
24 Sep

The Startup India fund fell short of its capital allocation  target by around Rs 1,000-1,200 crore, despite initial euphoria. The Startup ...

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GST Council has extended tenure of Anti-Profiteering Body
22 Sep

India has extended the anti-profiteering framework under the goods and services tax (GST) by another two years while also making the rules more stri ...

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NCLT didn't have the jurisdiction to ban us, say Deloitte and KPMG
22 Sep

Deloitte Haskins & Sells and BSR & Associates, a KPMG network firm, said the National Company Law Tribunal (NCLT) didn’t have the jurisdicti ...

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NCLT approves Anish Nanavati of Deloitte as Resolution Professional for RCom
22 Sep

The dedicated bankruptcy court has cleared the appointment of Anish Nanavaty of Deloitte as the Resolution Professional (RP) for Reliance Communicat ...

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Govt. made it mandatory for multiplexes to shift to an electronic ticketing system
22 Sep

The government on Friday made it mandatory for multiplexes to shift to an electronic ticketing system to check possible goods and services tax ...

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Government's Dighi ports U-turn latest blow to insolvency
22 Sep

India's largest port JNPT may be forced to pull out from the race to acquire Dighi Ports under the insolvency resolution  process after th ...

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Public Sector Cos' borrowing impact on inflation overblown
22 Sep

Reserve Bank of India governor Shaktikanta Das has received support from Bank of America Merrill Lynch (BofAML) on his view that fiscal risks from r ...

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Enforcement Directorate rejects Mehul Choksi's affidavit, offer to join probe in Antigua
22 Sep

The Enforcement Directorate has rejected jeweller Mehul Choksi’s offer to join investigation into the alleged fraud he and his nephew Nirav Modi cau ...

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IndiGo and GoAir oppose process of allocation of Jet Airways' foreign flying rights
21 Sep

The aviation ministry has distributed Jet Airways’ foreign flying rights among Indian carriers through an allocation process that was opposed by air ...

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Tax Department may not get to reopen cases beyond 4 Yrs
21 Sep

India is considering a plan to limit the period for reopening of the past tax assessments to four years against six now, barring cases in whi ...

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Ahead of NCLT hearing, BSR & Associates has resigned as an auditor of IFIN
21 Sep

BSR & Associates, part of global accounting firm KPMG’s network in India, has resigned as an auditor of IL&FS Financial Services (IFIN), whi ...

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SIAM has raised an alarm over duty concessions on 28 products including Cars and Diesel Buses
21 Sep

India’s umbrella body for automakers fears an onslaught of cheap imports as the government offers duty cuts on 28 products, including cars, diesel b ...

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SoftBank fund begins talks to back health startup CureFit
21 Sep

SoftBank Vision Fund is in discussions to invest over $200 million in healthcare and wellness startup CureFit co-founded by Mukesh Bansal, ...

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DSC highway arm faces insolvency process
21 Sep

Lenders have referred DSC's Lucknow-Sitapur project to the National Company Law Tribunal(NCLT) for insolvency resolution, even as banks are grappling ...

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Customs officials likely to get more powers
20 Sep

Indian customs officials could soon get more powers to effectively deal with growing tax frauds of integrated goods and service tax credits. The go ...

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Income Tax Appellate Tribunal has upheld I-T's case against NDTV's Roys
20 Sep

The Income Tax Appellate Tribunal (ITAT) has upheld the income tax department's contention that New Delhi Television (NDTV) founders Prannoy Roy a ...

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SEBI moves SC for clarity over jurisdiction issues with NCLT
20 Sep

India’s capital-markets regulator and its bankruptcy administrator await clarity over which of the two arms of the law gets to deal with fraudulent ...

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Govt. turns down Traders' E-Commerce regulator demand
20 Sep

The government has ruled out the possibility of a regulator for the ecommerce sector as it prepares to finalise a national policy on e-commerce. “Tr ...

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3500 exporters whose customs records are not matching with their I-T returns are under Lens
20 Sep

The government has trained its guns on around 3,500 exporters whose customs records are not matching their income tax returns, while another 3%-odd ...

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No shortage of jobs with salaries up to Rs 20,000
20 Sep

There is a lot of chatter that there is jobless growth. Many people do not subscribe to this view because day in and day out, they see a lot of dema ...

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Enforcement Directorate is likely to summon Naresh Goyal in Jet privilege case
19 Sep

The Enforcement Directorate (ED) is likely to summon Jet Airways founder Naresh Goyal for questioning over alleged wrongdoing related to stake sales ...

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India may cut the GST on Electrical Vehicles
19 Sep

India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for th ...

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Mobile Wallets are counting on video KYC to ease pain
19 Sep

Mobile Wallet forms are trying to put in place customer Identification processes to adhere to the August 31 deadline when the full Know Your Customer ...

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RBI to address India Inc's data woes
19 Sep

A day after commerce and industry minister Piyush Goyal met industry leaders to discuss issues related to e-commerce, the government said the Reserv ...

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Airtel, Voda Idea are gearing up to challenge any DoT penalty over PoI issue
19 Sep

Bharti Airtel and Vodafone Idea are gearing up to challenge any penalty order from the Department of Telecommunications (DoT) for allegedly denying ...

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NCLT's principal bench has ordered the liquidation of Moser Baer Solar
19 Sep

NCLT has ordered the liquidation of Moser Baer Solar, which is joining Moser Baer, the high-profile disc maker that met the same fate a few months a ...

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Jet stock crashes 41%, remaining 2 directors quit
19 Sep

The endgame for Jet Airways has started with lenders deciding to take the airline to insolvency court. The airline's last two remaining directo ...

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Deloitte global CEO met top Indian officials to persuade them against a possible ban
18 Sep

Deloitte global CEO Punit Renjen met top Indian officials on Friday to persuade them against a possible ban over perceived omissions in the firm’s r ...

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Lenders have decided to take grounded Jet Airways to Bankruptcy Court
18 Sep

Lenders led by State Bank of India have decided to take the grounded Jet Airways to bankruptcy courts after failing to stitch together a revival pla ...

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IndiGo Airline places $20-bn order for Leap-1A engine with CFM International
18 Sep

As problem with Pratt & Whitney's gear turbofan engines continue to impact Indigo's Airbus 320 fleet, the airline on Monday announced to change ...

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Govt. looks to provide collateral-free loan up to Rs. 50 lakh to small units
18 Sep

The government is studying the feasibility of rolling out a scheme that provides collateral-free loans of up to Rs 50 lakh to entrepreneurs. The con ...

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New rules notified to rein in tax evaders
18 Sep

Indulgence in serious criminal cases of money laundering, terror financing, corruption, possession of benami properties and undisclosed foreign asse ...

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Govt. firm on e-comm, data security
18 Sep

The government on Monday made it clear that it  was unwilling to tolerate any deviation from norms for e-commerce as it vowed to protect the in ...

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MCA is expected to move the court for freezing IL&FS Ex- Directors' properties
17 Sep

The Ministry of Corporate Affairs (MCA) is expected to move court for freezing the bank accounts and properties of some of the past directors of IL& ...

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Wipro taps its Intellectual Property to efficiently deliver Software Services
17 Sep

Wipro is pushing technology solutions based on its intellectual property (IP) to efficiently deliver software services to its customers and tap grow ...

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Foreign, Indian global firms in a fix over likely ban of two audit firms in India
17 Sep

As the spectre of ban looms over KPMG and Deloitte, both multinationals and Indian companies with global operations are in a fix over their au ...

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New accounting rules may significantly impact Cos with long term Leases: CLSA
17 Sep

The new accounting standard AS-116, which came into effect from April, is expected to significantly impact financial reporting for companies with lo ...

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Govt. is looking at a fresh set of tax sops for startups in budget
17 Sep

The government is looking at a fresh set of tax benefits for startups to boost entrepreneurship and employment in the economy. The de ...

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Jet lenders running out of runway
17 Sep

Lenders do not see much of an upside for them from any of the proposals for reviving Jet Airways. Most of the proposals involve banks taking a hairc ...

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After multiple pauses, India decided to raise Tariffs on 29 US goods
15 Sep

India has decided to raise import tariffs on 29 goods from the US after having deferred retaliatory higher duties multiple times since announcing th ...

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Income Tax Department summoned Jet Airways founder Naresh Goyal in Evasion Case
15 Sep

The income tax (IT) department recently summoned Jet founder Naresh Goyal for questioning in an alleged tax evasion case, said people with knowledge ...

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With Electrical Vehicles in demand, Auto Cos are looking to pare cost by reskilling
15 Sep

Automobile sales may be falling, but the demand for skilled professionals in the electric vehicles (EV) sector is rising. The likes of Tata Motors, ...

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Trade Unions have slammed the govt. for reducing ESI contribution
15 Sep

Trade unions have condemned government's move to reduce ESI contribution saying it will benefit employers and make it difficult for ESIC to meet the ...

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Wholesale Price Index inflation eases to 22-month low of 2.45%
15 Sep

Inflation measured by the Wholesale Price Index eased to a 22-month low in May, driven down by manufactured items and fuel where prices have co ...

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Exports sluggish, trade deficit widened to a six-months high
15 Sep

The country's exports grew nearly 4% to $30 billion in May,  while imports rose 4.3% to $45.3 billion and the trade deficit widened to a s ...

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NBFC liquidity drought won't affect Yes Bank
14 Sep

Yes Bank will not be impacted by the liquidity crisis that has affected a few non-banking financial institutions, and there are unlikely to be any n ...

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Bank to consider Inter-Creditor Agreement revision, could ask RBI to formulate required changes
14 Sep

Banks are in a fix over the Reserve Bank of India’s (RBI) revised circular addressing resolution of stressed assets which insists on an inter-credit ...

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NHAI is looking to make BOT projects more attractive
14 Sep

The National Highways Authority of India (NHAI) is looking to tweak the build-operate-transfer (BOT) framework of highways development as the govern ...

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Govt. has reduced ESI contribution rate to 4%
14 Sep

The government has reduced the contribution under the Employees’ State Insurance (ESI) Act to 4% from 6.5%, a move expected to increase the takehome ...

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American Tower Corporation approached NCLT for videocon consolidation
14 Sep

Telecom Infrastructure firm American Tower Corporation (ATC) has approached the bankruptcy court challenging the consolidation of Videocon Telecommu ...

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Tatas await final decision on govt. petition to ban Deloitte, BSR
14 Sep

Tata Group chairman N Chandrasekaran has said that the enterprise will await the final decision on the government’s petition to ban Deloitte Ha ...

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PwC resigns as auditor of Reliance Capital& Home Finance
13 Sep

  Price Waterhouse & Co (PwC) has informed the ministry of corporate affairs about certain alleged irregularities in the books of accoun ...

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TRAI gives telcos more time to implement new MNP rules
13 Sep

The telecom regulator has extended the deadline for telcos to implement the revised mobile number portability (MNP) rules from June 13 to September ...

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Loans to IL&FS: IndusInd Bank acted on assurance from SBI, LIC
13 Sep

Two key investors in Infrastructure Leasing & Financial Services — Life Insurance Corporation and State Bank of India — had asked IndusInd Bank ...

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RBI seeks fortnightly update on fin action taken by IFIN board
13 Sep

After the Serious Fraud Investigation Office (SFIO) charge sheet suggested that the Reserve Bank of India (RBI) should conduct an internal inquiry, ...

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ED summons IL&FS’ auditors in money laundering case
13 Sep

In fresh trouble for auditors of Infrastructure Leasing & Financial Services (IL&FS) and its subsidiaries, the Enforcement Directorate (ED) ha ...

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Subsidy proposals this week to set up 5,000 e-charging stations
13 Sep

The government will within this week float two large proposals offering subsidy to states for deployment of 5,000 electric charging stations in citi ...

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Deloitte, BSR ban may leave big gap in Audit Inc's Books
12 Sep

The Indian audit industry is staring at an upheaval if the National Company Law Tribunal (NCLT) accedes to the government’s demand to ban Deloitte H ...

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Yes bank founder Rana Kapoor's demand for a seat on the board
12 Sep

Yes Bank founder Rana Kapoor’s demand for a seat on the board and compensation for lost payment has thrown the private sector lender’s board into a ...

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Reliance group has serviced over Rs 35000 crores of debts in last 14 months
12 Sep

Reliance chairman Anil Ambani has said that the enterprise  has serviced over Rs 35,000 crore of debts in the last 14 months. He said that ...

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Passenger vehicle sales crashed most in a month in 18 yrs
12 Sep

Sales of cars and SUVs crashed the most in a month in 18 years as the slowdown in the economy and factors such as job losses and tight liquidit ...

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Auto Cos are offering vehicles for a monthly rental with no down payment
12 Sep

Consumers can now drive home their dream car without making a down payment, enjoy hassle-free maintenance services and upgrade to a new product of t ...

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India's IT services sector revenue is expected to grow 6-8%
12 Sep

India’s IT services sector revenue is expected to grow 6-8% in dollar terms this fiscal year, on continued demand for newer digital services fr ...

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Govt. moves NCLT to debar Deloitte & BSR
11 Sep

The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and B ...

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Govt. panel is considering to allow private companies to sell subsidized LPG
11 Sep

The government has set up an expert panel to consider allowing private firms to sell subsidised cooking gas — a long-standing demand for companies l ...

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ITC denies making any offer to acquire assets of Leelaventure
11 Sep

ITC has said it has not made any offer to acquire the assets of hotel Leelaventure, putting to rest speculation that it is keen to ...

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Indian IT services firm may face volatile growth in the banking services
11 Sep

Indian IT services firms, which earn over a third of their revenue from banking industry, could see business turn volatile as large client ...

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Indian Govt. will shortly finalise list of 5G spectrum bands for ITU meet
11 Sep

The government will shortly finalise a master list of spectrum bands that India will push for deployment in 5G telecom services at the International ...

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NBC Bearings' revenue up 22%, at Rs 2511 crore in FY19
11 Sep

National Engineering Industry Ltd (NEI) part of $2-bn CK Birla Group, which manufactures and sells bearings under NBC brand has clocked a revenue of ...

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IL&FS is likely to file contempt proceedings against 9 large banks
10 Sep

The government-appointed board of Infrastructure Leasing & Financial Services (IL&FS) is likely to file contempt proceedings against nine la ...

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Two Jet suppliers file petition in bankruptcy court
10 Sep

The Mumbai bench of the bankruptcy court is scheduled to hear on Monday insolvency petitions filed against Jet Airways by two of its suppliers, a de ...

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Reliance power write-offs, impairment raise concern over debt repayments
10 Sep

Delay in debt repayment  and impairment undertaken by Reliance Power are adding to the woes of Anil Ambani led Reliance group which is anyway d ...

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RBI has slapped a penalty of Rs 2 crore on Kotak Mahindra Bank
10 Sep

The Reserve Bank of India (RBI) has slapped a penalty of Rs 2 crore on Kotak Mahindra Bank for failure to adhere to the regulator's diktat on promot ...

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SEBI to tighten rules to save MFs from delay in payments
10 Sep

Markets regulator Sebi plans to come out with tougher norms for debt instruments issued by companies with promoter’s shares as collateral ...

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MCA favours setting up National Institute for Valuers
10 Sep

 The time is ripe for the setting up of a national level institute for valuers along the lines of the CA Institute, Corporate Affairs Secretary ...

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RBI issued fresh circulars for defaulting companies
08 Sep

The Reserve Bank of India issued the much-anticipated, revised circular on dealing with defaulters that retained the original spirit of its efforts ...

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Dewan Housing Financing Corp. Ltd. pays Commercial Paper, FD Investors
08 Sep

Embattled Dewan Housing Financing Corp. Ltd. (DHFL) is said to have repaid Rs 100 crore to investors in its commercial paper(CP) - short term debt s ...

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Securities and exchange board of India pause on Leela assets sale has investors worried
08 Sep

Stakeholders in debt-laden Hotel Leelaventure are apprehensive that a deal to sell company assets to Brookfield may go the way of Jet Airways after ...

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G20 Nations ready to endorse new tax framework to ensure fair play
08 Sep

India and other G20 members are set to endorse a new tax framework that could force multinational companies to abandon aggressive tax planning and t ...

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SBI has become first lender to link the cost of home loans to RBI's repo rate
08 Sep

State Bank of India, the largest housing finance provider, has become the first bank to link the cost of its home loans to the Reserve Bank of ...

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RBI to extend $25bn line of credit for exports
08 Sep

Commerce and industry minister Piyush Goyal said on Friday that the RBI has been asked to extend $25 billion (Rs 1,73,150 crore) line of credit ...

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RBI cuts rate & softens stance, but no reprieve for NBFCs yet
07 Sep

The Reserve Bank of India lowered interest rates for the third time in succession — to a nine-year low—and shifted its monetary stance to ‘accommoda ...

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Sebi examines ‘default probability’ framework to keep rating companies on Alert
07 Sep

Amid corporate delinquency, investor losses, and blame game, India’s capital market regulator is examining a ‘default probability’ framework to keep ...

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DHFL to raise Rs 900 crore via loan portfolio sale
07 Sep

Dewan Housing Finance Corporation (DHFL) is raising about Rs 900 crore by issuing  Pass Through Certificates (PTCs), or securities used in loan ...

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Corporation Bank files insolvency pleas against Nirav Modi companies
07 Sep

Corporation Bank, one of the consortium of lenders to fugitive Nirav Modi’s firms Firestar Diamond International and Firestar International, has app ...

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RBI removes NEFT, RTGS payment charges to promote digital transactions
07 Sep

RBI has removed charges for payments via NEFT and RTGS and asked banks to pass on the benefits to customers. This means that payments via NEFT and R ...

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Bears get the better of bulls on D-Street as NBFC worries weigh
07 Sep

The stock market tumbled on Thursday over growing worries about the health of non banking finance companies after Dewan Housing Finance Corp’s failu ...

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RBI may shun sectoral exceptions, ease timelines for stressed assets
06 Sep

The Reserve Bank of India is unlikely to announce special sectoral exceptions in its new circular on stressed assets, contrary to demands of power, ...

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Higher income states witness faster reduction in auto volume growth
06 Sep

Vehicle sales in higher per capita income states such as Maharashtra, Gujarat, Delhi and Karnataka are shrinking faster than the industry average. T ...

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IL&FS projects to be resolved in 100 days
06 Sep

Road transport and highways minister Nitin Gadkari said he will resolve the stalled projects of crisis-hit Infrastructure Leasing & Financial Se ...

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Bankrupt US drug firm Aceto accuses Aurobindo of sabotage, seeks damages
06 Sep

Aceto Corporation, a US generic drug distributor, has accused Aurobindo Pharma  and its founder PV Ramprasad Reddy of sabotaging and systemical ...

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Three-way merger of power companies, GAIL split first up in PSU rejig
06 Sep

India has started work on restructuring state-owned companies and on the immediate agenda is the bifurcation of GAIL (India) into marketing and tran ...

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DHFL's Payment Blow leaves Debt Market Cowering
06 Sep

Mutual fund investors holding debt of Dewan Housing Finance Corporation Ltd(DHFL) suffered one of the worst single day losses ever after the troubled ...

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No change in last date to file annual GST return: Finance Ministry
05 Sep

The Union Finance Ministry, on Tuesday, issued a detailed clarification on the annual return filing for the Goods & Services Tax (GST). The last d ...

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Finance Ministry assured that IGST credit accrued in FY18 won't lapse even if not claimed in that fiscal
05 Sep

The Finance Ministry Tuesday assured trade and industry that input tax credit accrued on import of goods by paying GST in 2017-18 will not lapse eve ...

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Consumer goods firms want GST on ACs, large TVs cut to 18%
05 Sep

White goods makers want Goods & Services Tax (GST) on air conditioners (ACs) and large televisions (above 32 inches) to be reduced to 18 percent f ...

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RBI ban on SR Batliboi & Co could impact Audit of Large Lenders
05 Sep

The Reserve Bank of India’s one-year ban on audit firm SR Batliboi & Co could impact the audit of large lenders, including HDFC Bank, Kotak Mahi ...

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IFIN case: Auditors set to take on SFIO
05 Sep

Auditors accused of conniving with the management of a subsidiary of Infrastructure  Leasing & Financial Services (IL&FS) are gearing u ...

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Tata Sons buy back NCDs worth Rs 3,000 cr from LIC
05 Sep

Tata Sons, the Tata Group’s holding company, has bought back nonconvertible debentures (NCDs) worth an estimated Rs 3,000 crore from the country’s lar ...

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The Competition Commission of India imposes Rs 74 cr fine on Himalaya Drug, 3 others for anti-competitive trade practices
05 Sep

The Competition Commission of India has levied a total fine of over Rs 74 crore on pharma firms -- Himalaya Drug Company and Intas Pharmaceuticals -- ...

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World Bank retains India's growth rate for FY19-20 at 7.5 per cent
05 Sep

India is projected to grow at 7.5 per cent in the next three years supported by robust investment and private consumption, the World Bank has said.&nb ...

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Government refutes claims of spike in bank frauds
05 Sep

The government has strongly refuted claims of a spike in bank frauds in recent times and said it has already taken steps to address laxity in the ba ...

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RBI restricts SR Batliboi from auditing banks this fiscal
04 Sep

The Reserve Bank of India (RBI) has barred SR Batliboi & Co, an affiliate of EY, from undertaking audit assignment in commercial banks for ...

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Nandan Nilekani led committee suggested measures for growth in digital payments
04 Sep

The Nandan Nilekani-led committee, appointed by the RBI, has suggested measures for promoting e-payments, which  said could result in a te ...

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RBI had ordered IFIN to clean up its books by 2019
04 Sep

Loans advanced by IL&FS Financial Services Ltd (IFIN) to group companies in violation of regulations increased over a five-year period just prio ...

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Mahindra & Mahindra will complete transition to BS-VI norms before schedule
04 Sep

Mahindra & Mahindra, India’s leading utility vehicles maker, said that it would transition to the stringent BS-VI emission norms ahead of schedu ...

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Govt. may infuse Rs. 40000 crore in Banks to boost lending
04 Sep


Govt. may infuse Rs. 40000 crore into state run lenders in 2019-20 as it looks to strengthen their balance sheet to enable them to step up ...

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Manufacturing activity grew at its fastest pace in three last months in May
04 Sep


India's Manufacturing activity grew at its fastest pace in three months in May led by consumer goods, a private survey showed, raising hopes of ...

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NCLT Chandigarh sanctioned Merger of Indus Towers with Bharti Infratel
03 Sep

The Chandigarh bench of National Company Law Tribunal has sanctioned the scheme of amalgamation and arrangement among Indus Towers and Bharti Infrat ...

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Paytm suppose to get hands on Insurance Marketplace Coverfox for around $120 Million.
03 Sep

Digital payment based company Paytm is in talks to acquire Mumbai-based insurance company Coverfox. If this deal completed, it will raise Paytm's mon ...

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UPI Transactions recorded 781.79 M in April 2019 but only 733.54 M in May 2019
03 Sep

Digital Transactions via major players PhonePe, Google Pay and Paytm tend to fluctuate every month. It is the second consecutive monthly decline in ...

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Swiss Bank Account: Indians Suspected with Illegal Money
03 Sep

Switzerland is amplifying  its hunt for hidden black money , India has proposed Switzerland for banking details of at least ten individuals and ...

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Restoration looks uncertain at the moment: India needs to meet Strict norms to get GSP benefits again.
03 Sep

The Generalized System of Preference is designed to promote economic development by allowing duty-free entry for thousands of products f ...

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PFRDA proposes to increase in State government contribution in Pension Fund
03 Sep

The Pension Fund Regulatory and Development Authority (PFRDA) has requested the Central Board of Direct Taxes (CBDT) to entitle companies and State ...

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FY19 GDP growth slips to five year low of 6.8%
01 Sep

India’s economy grew slower than expected to a 20-quarter low in the January-March period, dragging overall growth to a five-year low in FY19, prese ...

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Survey shows India's unemployment rate stood at 6.1% in FY18
01 Sep

India’s unemployment rate stood at 6.1% in FY18, official data showed, highlighting the challenge that confronts the Narendra Modi-led government. T ...

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Former IFIN directors allowed loans to Siva cos despite RBI reservations
01 Sep

The Serious Fraud Investigation Office (SFIO) said that former directors of IL&FS Financial Services (IFIN) allowed the NBFC to lend to Siva Gro ...

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MCA approves debarring of 9 Auditors in IL&FS case
01 Sep

The board of Infrastructure Leasing & Financial Services Ltd issued notices to Deloitte Haskins & Sells and KPMG’s audit partner BSR & C ...

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SBI proposes a Single Resolution Professional for RCom
01 Sep

State Bank of India has made a proposal to appoint a single resolution professional to run the bankruptcy process of Reliance Communications and two ...

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Govt. intends to fast track crop insurance claim through technology
01 Sep

The government plans to rope in specialised agencies that can use satellites, remote-sensing data, unmanned aerial vehicles and artificial intellige ...

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