Breaking News
NEWSFEED
Perturbed by Complaints, India’s telecom regulator TRAI to Review Broadcast Tariff Rules
17 Aug

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 ...

Read more orange-arrow
Amtek Auto Heads for Liquidation after the NCLAT refuses new resolution plan
17 Aug

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 ...

Read more orange-arrow
Auto parts firms diversify amid electric vehicle, BS-VI changes
17 Aug

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 ...

Read more orange-arrow
India’s tax admin needs a mindset change
17 Aug

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

Read more orange-arrow
Auto Components Industry Suffers Collateral Damages with Job Losses
17 Aug

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 ...

Read more orange-arrow
Govt eases norms for differential voting rights (DVR) shares
17 Aug

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

Read more orange-arrow
CBDT's procedure for pending angel tax assessment cases to provide safeguard to start-ups
16 Aug

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 ...

Read more orange-arrow
Flipkart hits Walmart’s international profit
16 Aug

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

Read more orange-arrow
Auto industry welcomes PM’s assurance on petrol/diesel vehicles alongside govt’s EV focus
16 Aug

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

Read more orange-arrow
Finance ministry may soon consult law ministry on FPI surcharge
14 Aug

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 ...

Read more orange-arrow
Global private equity major KKR & Co. is set to acquire EuroKids chain for Rs 2000 crore
14 Aug

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

Read more orange-arrow
Jio May Continue Tariff Onslaught, Further Impacting Rivals’ Financials
14 Aug

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 ...

Read more orange-arrow
Appliances to cost 10% more as Cos turn energy efficient
14 Aug

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 ...

Read more orange-arrow
Temasek to back Manipal’s Medanta bid, put in $300m
14 Aug

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

Read more orange-arrow
Top auto component manufacturer Cos ride EV wave
14 Aug

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 ...

Read more orange-arrow
RIL to become zero net-debt company within 18 months .
13 Aug

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

Read more orange-arrow
Anil Agarwal’s family trust withdraws EoIs for Jet Airways
13 Aug

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 ...

Read more orange-arrow
RIL rolls out Jio Fiber plans to take on e-tail giants, contents Cos
13 Aug

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

Read more orange-arrow
RIL to sell 20% in oil-to-chemicals unit to Aramco at $75-B enterprise value
13 Aug

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

Read more orange-arrow
Reliance to Sue PwC for 10K cr. for quitting , alleging fruad
13 Aug

 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 ...

Read more orange-arrow
Home sales stay flat in Q1, but project launches on the rise
13 Aug

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 ...

Read more orange-arrow
Green Mega Power Projects On The Anvil
13 Aug

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

Read more orange-arrow
SEBI panel worried over 35% minimum shareholding plan
12 Aug

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

Read more orange-arrow
Resolution of realty issues : Hardeep Puri
12 Aug

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

Read more orange-arrow
Out of Core 5G network Telecom may leave Huawei
12 Aug

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

Read more orange-arrow
Jet gets EoI from Anil Agarwal’s Volcan
12 Aug

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

Read more orange-arrow
GSP roll-back: Exports of goods to US grew 32%
12 Aug

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 ...

Read more orange-arrow
BSR & Co resigns as auditor of two Reliance group Cos
12 Aug

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 ...

Read more orange-arrow
Address Concerns, Provide Stimulus: Market Players
10 Aug

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 ...

Read more orange-arrow
Industrial growth slowed to a four-month low in June
10 Aug

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 ...

Read more orange-arrow
SC upheld changes to IBC that allows homebuyers to initiate proceedings against developers
10 Aug

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

Read more orange-arrow
ICAI wants SEBI to review proposed norms for auditor resignations
10 Aug

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

Read more orange-arrow
FM to review the criminal penal provision for not compliance of CSR
10 Aug

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

Read more orange-arrow
PSBs across the country will soon adopt uniform working hours
10 Aug

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 ...

Read more orange-arrow
NCLT junks auditors’ plea against powers to ban them
10 Aug

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 ...

Read more orange-arrow
Infosys eyeing 50% of its revenue from digital portfolio
09 Aug

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 ...

Read more orange-arrow
FPIs to Raise Key Concerns with Fin Min Officials
09 Aug

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

Read more orange-arrow
Vodafone Idea picks Amdocs to consolidate merged entity's postpaid operations
09 Aug

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

Read more orange-arrow
Panel on 5G trials to seek ‘network architecture’ details from telcos
09 Aug

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 ...

Read more orange-arrow
priority sector tag to help large NBFCs lower borrowing costs
09 Aug

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

Read more orange-arrow
CCD ropes in EY to probe finances
09 Aug

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

Read more orange-arrow
NEFT payment would be available 24x7 from Dec
08 Aug

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 ...

Read more orange-arrow
RBI unveils measures to boost confidence in NBFCs
08 Aug

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

Read more orange-arrow
RBI Cuts Repo Rate by 35 Bps to 9-Year Low
08 Aug

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

Read more orange-arrow
Coming Soon: The Great Sarkari Sale
08 Aug

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 ...

Read more orange-arrow
Airtel, Voda Idea Get Longer Payment Terms from vendors
08 Aug

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 ...

Read more orange-arrow
PMO Stand on Data Localisation Soon
08 Aug

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 ...

Read more orange-arrow
Growth in FMCG sector has slumped, 4 Qtr. in a row
07 Aug

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

Read more orange-arrow
India will review the methodology of estimating its factory output by IIP( index of industrial production)
07 Aug

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

Read more orange-arrow
Representative of MSMEs raised their concern over high interest rates and loan disbursal
07 Aug

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

Read more orange-arrow
RIL Ind. and BP Plc announced a joint venture to open 5500 station, will sell Jet fuel too
07 Aug

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 ...

Read more orange-arrow
Govt. wants to freeze a/cs of IL&S auditors
07 Aug

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 ...

Read more orange-arrow
Easier norms to help pump prime fuel retailing segment
07 Aug

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 ...

Read more orange-arrow
Centre readies to take charge of J&K bank
06 Aug

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 ...

Read more orange-arrow
Rupee recorded biggest fall in 6 years
06 Aug

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 ...

Read more orange-arrow
Govt. prodded banks to speed up rate cuts
06 Aug

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 ...

Read more orange-arrow
Cos may have to geotag and furnish the pictures of CSR projects soon
06 Aug

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

Read more orange-arrow
Service Sector Activity rebounds in July
06 Aug

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 ...

Read more orange-arrow
Centre has decided to auction 27 coal blocks to Pvt Cos
06 Aug

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 ...

Read more orange-arrow
Indian stock market cap fell below $2-Trillion mark as FPIs exit
05 Aug

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 ...

Read more orange-arrow
Retailers are cutting production ahead of festive season
05 Aug

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

Read more orange-arrow
India is close to finalising a direct subsidy plan for battery manufacturing
05 Aug

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 ...

Read more orange-arrow
Maruti Suzuki India is likely to operate only one shift at all its plants
05 Aug

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 ...

Read more orange-arrow
Finance ministry to review credit, bad loans with banks
05 Aug

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 ...

Read more orange-arrow
RBI is likely to cut repo rate by 25bps to counter mounting growth concerns
05 Aug

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 ...

Read more orange-arrow
Govt. is likely to provide relief for SEBI-listed FPIs from super rich levy
03 Aug

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

Read more orange-arrow
Jail term for CSR violation makes many anxious
03 Aug

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

Read more orange-arrow
Tata group has taken the lead to set up over 500 charging station
03 Aug

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 Aug

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

Read more orange-arrow
SBI has reported a net profit of Rs. 2312 cr. for Q1
03 Aug

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 ...

Read more orange-arrow
Raiding RBI reserves only illustrates " desperation " of the Govt.
03 Aug

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 ...

Read more orange-arrow
FPIs looking for concession to convert themselves into companies
02 Aug

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

Read more orange-arrow
NBFC top senior professional are moving out to join banks, Fintech
02 Aug

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 ...

Read more orange-arrow
Cars fall into a deep hole
02 Aug

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

Read more orange-arrow
Bharti Airtel reported a consolidated net loss of Rs. 2866 cr in April-June quarter
02 Aug

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 ...

Read more orange-arrow
Indian banks wrote off a record Rs. 2.54 Lakh cr of bad loans in FY19
02 Aug

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 ...

Read more orange-arrow
India has been pushed to the 7th place in the global GDP ranking: WB
02 Aug

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 ...

Read more orange-arrow
Promoters of Zee Entertainment Enterprises will sell 11% to Invesco Oppenheimer
01 Aug

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

Read more orange-arrow
SBI plans to raise Rs 6000 crore from sale of part stake in card unit
01 Aug

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 ...

Read more orange-arrow
Tech Mahindra should improve margins: Mahindra
01 Aug

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

Read more orange-arrow
Lenders, Bond investors stare at Haircut as stock tumbles at 57%
01 Aug

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 ...

Read more orange-arrow
Oil traded a near 2-week high on Tighter supply
01 Aug

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 ...

Read more orange-arrow
Indian stock indices recorded their steepest fall in July since 2002
01 Aug

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 ...

Read more orange-arrow
CCD founder VG Siddhartha commits suicide, India Inc stunned
31 Aug

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. ...

Read more orange-arrow
Supreme Court to decide whether to refer 10% EWS quota to constitution bench
31 Aug

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

Read more orange-arrow
Govt. has drawn up a list of CPSEs for Buybacks
31 Aug

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 ...

Read more orange-arrow
NCLAT directed the resolution professional to call fresh bids for Jaypee Infratech
31 Aug

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

Read more orange-arrow
RBI eases foreign borrowing norms for Non Banking Financial Companies
31 Aug

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

Read more orange-arrow
SBI tightens lending norms for auto dealer financing
31 Aug

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

Read more orange-arrow
Top public and private sector banks are raising funds to grab NBFC share
30 Aug

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 ...

Read more orange-arrow
IBC amendments are aimed at greater clarity: Sitharaman
30 Aug

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

Read more orange-arrow
Honda recalls over 5000 cars to replace faulty airbags
30 Aug

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

Read more orange-arrow
Inter-ministerial penal has sanctioned 5645 electric buses for 65 cities
30 Aug

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

Read more orange-arrow
SBI has announced a sharp reduction in fixed deposit rates by 50-75 bps
30 Aug

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 ...

Read more orange-arrow
Telecom firms owe over Rs 92000 crore as license fees
30 Aug

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

Read more orange-arrow
Surcharge levied on high income earners had not been intended to hit FPIs: Sitharaman
29 Aug

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

Read more orange-arrow
MFs seeks SEBI guidance on Inking Inter Creditor Agreement
29 Aug

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

Read more orange-arrow
Probe agencies are likely to confront Chanda Kochhar and Venugopal Dhoot
29 Aug

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

Read more orange-arrow
Benchmark yield surges 22bps in past 7 days, could impact govt. move to lower borrowing cost
29 Aug

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

Read more orange-arrow
Revenue concession to Regional Comprehensive Economic Partnership (RCEP) may touch Rs 60000 crore
29 Aug

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

Read more orange-arrow
E-market Udaan is in talks to raise funding of around $500 million
29 Aug

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

Read more orange-arrow
Jio pips Voda as India's No. 1 mobile operator
27 Aug

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 ...

Read more orange-arrow
AU Small Finance net profit more than doubles to Rs 190 cr in June quarter
27 Aug

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 ...

Read more orange-arrow
Huge hike in vehicle registration charges
27 Aug

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 ...

Read more orange-arrow
NBFCs with big realty loans must rebalance books: RBI
27 Aug

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

Read more orange-arrow
Currency policing must be done by IMF, not US: Das
27 Aug

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

Read more orange-arrow
INS urges Centre to withdraw 10% import duty on newsprint
27 Aug

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 ...

Read more orange-arrow
Tata Motors quarterly loss doubles in Q1 to Rs 3,680cr
26 Aug

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 ...

Read more orange-arrow
NCLT stays its own order to sue IL&FS auditors
26 Aug

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

Read more orange-arrow
Citi tops foreign banks in profits
26 Aug

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 ...

Read more orange-arrow
Ethnic, textile products from Rajasthan a big hit: Snapdeal
26 Aug

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

Read more orange-arrow
Future Fashions $250m Deal with Blackstone
26 Aug

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

Read more orange-arrow
DHFL Resolution Plan Seeks Easier Terms
26 Aug

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

Read more orange-arrow
Panel on RBI Reserves Likely to Meet Again
26 Aug

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 ...

Read more orange-arrow
Finance cos may face bank-like restrictions
25 Aug

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 ...

Read more orange-arrow
Slowdown hits 10L jobs in auto parts cos
25 Aug

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 ...

Read more orange-arrow
Damodaran brokers to stop ongoing fight between IndiGo promoters
25 Aug

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

Read more orange-arrow
DHFL could Form JV for Stake Sale
25 Aug

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 ...

Read more orange-arrow
India Moves Up Five Places to 52 on Global Innovation Index
25 Aug

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

Read more orange-arrow
Foreign banks in India net up on higher interest income
25 Aug

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 ...

Read more orange-arrow
FM hints 25% corporate tax may be extended to all companies
24 Aug

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 ...

Read more orange-arrow
High govt debt forces NBFCs to borrow short-term
24 Aug

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

Read more orange-arrow
Rana Kapoor family pledges 7% in Yes Bank
24 Aug

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 ...

Read more orange-arrow
HUL Q1 net profit up by 15%, but volumes halve
24 Aug

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 ...

Read more orange-arrow
Government tables bill on labour codes on wages and on occupational safety
24 Aug

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

Read more orange-arrow
Changes in Motor Vehicle Act get loksabha approval
24 Aug

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 ...

Read more orange-arrow
Super-rich need to pay interest on June advance tax
23 Aug

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 ...

Read more orange-arrow
National Housing Bank directs home finance companies (HFCs) to desist from offering interest subvention schemes
23 Aug

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 ...

Read more orange-arrow
Status quo on Essar Steel sale for now
23 Aug

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 ...

Read more orange-arrow
NHAI, SBI in talks to monetise highways
23 Aug

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 ...

Read more orange-arrow
E-commerce and IT sector will see a big drop in fresh generation of job
23 Aug

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 ...

Read more orange-arrow
Defamation case: Tata, group execs get HC relief
23 Aug

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 ...

Read more orange-arrow
RBI in sync with government efforts to accelerate growth
22 Aug

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 ...

Read more orange-arrow
Luxury car market shrinks by a quarter
22 Aug

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 ...

Read more orange-arrow
New account method helps Jio stay profitable despite ARPU fall
22 Aug

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 ...

Read more orange-arrow
Provident funds lend more to states in chase for better returns
22 Aug

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

Read more orange-arrow
Fake motor policies more than double in two years
22 Aug

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 ...

Read more orange-arrow
Govt looks to cut stake in select state-run entities to up to 26%
22 Aug

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 ...

Read more orange-arrow
Reliance Industries Q1 net rises as telecom, retail offset refining hit
20 Aug

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 ...

Read more orange-arrow
IndiGo reports highest ever quarterly profit
20 Aug

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 ...

Read more orange-arrow
Rating firms colluded with IL&FS executives: Audit
20 Aug

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

Read more orange-arrow
Deloitte, BSR fight with government over NCLT’s jurisdiction to ban them for 5 years
20 Aug

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 ...

Read more orange-arrow
No separate law yet to ban cryptocurrency in India
20 Aug

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

Read more orange-arrow
Monsoon covers entire country, rain deficit stands at 18%
20 Aug

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 ...

Read more orange-arrow
FM sticks to proposals, no relief to FPIs in trust form
19 Aug

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

Read more orange-arrow
Govt asks IndiGo to explain the ongoing misgovernance
19 Aug

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

Read more orange-arrow
Sebi wants strict rules for resigning auditors
19 Aug

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

Read more orange-arrow
Jet Airways’ resolution professional receives claims worth Rs 25,000 crore
19 Aug

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

Read more orange-arrow
Difficult to enforce new public holding rule:SEBI
19 Aug

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

Read more orange-arrow
Indian law firms agree to open doors for foreign peers
19 Aug

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 ...

Read more orange-arrow
Jalan Panel wants transfer of RBI’s surplus reserves over 3-5 years
18 Aug

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 ...

Read more orange-arrow
Cabinet approved bill to amend companies law
18 Aug

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 ...

Read more orange-arrow
Railways needs to raise capacity to handle passenger, freight traffic
18 Aug

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 ...

Read more orange-arrow
FMCG companies losing speed, growth slows for third quarter (April-June)
18 Aug

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

Read more orange-arrow
Airtel, Jio plan HUL tie-up for new consumer connect
18 Aug

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 ...

Read more orange-arrow
Companies may face penalty for not meeting CSR spend target
18 Aug

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

Read more orange-arrow
IBC Cabinet okays IBC tweaks, gives financial creditors upper hand
18 Aug

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

Read more orange-arrow
Modi Govt spends higher than 45 years' investments on PSU Banks
17 Aug

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 ...

Read more orange-arrow
Snapdeal losses drop by 70% in FY19 to make a turnaround
17 Aug

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 ...

Read more orange-arrow
IndiGo on radar: Sebi and MCA seeks details from airline on promoter grievance
17 Aug

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

Read more orange-arrow
Investors Add 41 L Demat A/cs in a Year
17 Aug

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 ...

Read more orange-arrow
Looking to replace Chinese imports, US turns to Indian products
17 Aug

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

Read more orange-arrow
New Vehicle Registrations Down By 5.4% in June
17 Aug

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

Read more orange-arrow
RBI fines SBI Rs 7cr, Union Bank Rs 10L for violations of NPA rules
16 Aug

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 ...

Read more orange-arrow
Spending on Overseas Travel, Education Records a 60% Surge
16 Aug

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 ...

Read more orange-arrow
NPA Tag for 738 Loan Accounts in 2018-19: Thakur
16 Aug

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 ...

Read more orange-arrow
Deloitte, KPMG will get enough time for Defence against Ban
16 Aug

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 ...

Read more orange-arrow
DHFL may finalise a stake sale in next two weeks
16 Aug

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 ...

Read more orange-arrow
Govt Plan Tough, but necessary to make India EV Hub: Munjal
16 Aug

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

Read more orange-arrow
Govt Working on Solution for FPIs Facing Higher Surcharge
15 Aug

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

Read more orange-arrow
DHFL admits irregularities, warns it may not stay afloat
15 Aug

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

Read more orange-arrow
Jet Airways audit shows diversion of funds, fraudulent billing
15 Aug

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

Read more orange-arrow
11 Nifty-50 companies deviate from Sebi rules
15 Aug

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 ‘ ...

Read more orange-arrow
Slowdown in auto, realty may dent NBFCs’ disbursement growth numbers
15 Aug

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 ...

Read more orange-arrow
Swiggy in talks with Korean funds to raise up to $500M
15 Aug

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

Read more orange-arrow
ITC Plans to invest in FMCG startups
13 Aug

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 ...

Read more orange-arrow
Low costs, tax sops boost car leasing
13 Aug

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

Read more orange-arrow
IL&FS Probe Shows How LIC Derailed Piramal Group’s Bid
13 Aug

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

Read more orange-arrow
Govt may mobilise Rs 70,000-cr from issuance of sovereign bonds abroad
13 Aug

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 ...

Read more orange-arrow
Debit cards drop sharply by 10 crore in Mar-May
13 Aug

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 ...

Read more orange-arrow
SBI waives charges for internet, mobile banking customers
13 Aug

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 ...

Read more orange-arrow
Reliance Infra and Power got a respite from lenders
12 Aug

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 ...

Read more orange-arrow
Recruitment across India's NBFCs has been put on hold
12 Aug

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

Read more orange-arrow
Monsoon delivers 28% more rain than average in past weeks, Rain deficit reduces to 12% after revival
12 Aug

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 ...

Read more orange-arrow
Govt. is expected to bring in amendments in individual and cross border cases
12 Aug

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

Read more orange-arrow
Casio has sued Snapdeal and e-sellers for allegedly selling fake products
12 Aug

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

Read more orange-arrow
Housing has become less affordable over the last four years: RBI Study
12 Aug

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 ...

Read more orange-arrow
FPIs seeking to convert themselves from trust and AOP to 'Corporate'
11 Aug

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

Read more orange-arrow
Nation can ill afford IndiGo faltering: Rakesh Gangwal
11 Aug

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

Read more orange-arrow
The government's moves to raise excise may impact stock performance of OMCs
11 Aug

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 ...

Read more orange-arrow
Auto sales crash 12% in Q1, Worst since global economy meltdown in 2008-09
11 Aug

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

Read more orange-arrow
With 40000, TCS is one of US's biggest job creaters
11 Aug

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

Read more orange-arrow
5% TDS on Life Policy better than 1% on maturity: Life Insurers
11 Aug

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

Read more orange-arrow
Strict norms in the works for State Banks to purchase only AA rated and above NBFCs assets
10 Aug

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 ...

Read more orange-arrow
RBI's exposure regulations are more stringent than global ones
10 Aug

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

Read more orange-arrow
"Look Out" circular was issued against Goyal at SFIO's instance under MCA in connection with a probe
10 Aug

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

Read more orange-arrow
Swiggy will invest $100 million to deliver milk and other essentials
10 Aug

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

Read more orange-arrow
Higher Tax on all super-rich, not targeting Foreign portfolio investors
10 Aug

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 ...

Read more orange-arrow
NRIs' residential status comes under the investigation wing of Income Tax (I-T) department
09 Aug

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 ...

Read more orange-arrow
SEBI seeks 3 months to finish probe into the deal between Brookfield and Hotel Leela venture
09 Aug

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

Read more orange-arrow
Mandhana buyer has alleged that lenders and resolution professional have acted fraudulently during resolution process
09 Aug

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 ...

Read more orange-arrow
Newspaper body seeks withdrawal of 10% Customs Duty on Newsprint as imposed in budget
09 Aug

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

Read more orange-arrow
RBI keeping a close watch on NBFC operations based on their size and payment
09 Aug

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 ...

Read more orange-arrow
PSUs with Govt. stake below 51% won't face CAG and Central Vigilance commission scrutiny
09 Aug

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 ...

Read more orange-arrow
Oyo founder in talks to buy back $1.5 billion shares
08 Aug

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

Read more orange-arrow
Overseas borrowings in FY20 could be limited to $10b
08 Aug

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 ...

Read more orange-arrow
Change in Income Tax Act may lure buyers to IL&FS
08 Aug

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

Read more orange-arrow
Nearly 4,000 companies set to gain from corporate tax reduction
08 Aug

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 ...

Read more orange-arrow
Videocon case, NCLT asked to pass orders in 3 weeks
08 Aug

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

Read more orange-arrow
Refund home buyers for delays with interest equal to home loan rate
08 Aug

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

Read more orange-arrow
PAN won’t be a pain, Aadhaar will do for filing I-T returns
06 Aug

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 ...

Read more orange-arrow
Govt sets record disinvestment target of Rs 1.05 trn selling PSU stakes
06 Aug

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

Read more orange-arrow
No angel tax on capital invested in startups
06 Aug

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 ...

Read more orange-arrow
NBFCs get twin lifelines
06 Aug

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

Read more orange-arrow
Green mobility gets fresh e-charge
06 Aug

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

Read more orange-arrow
End to merchant charges to Boost UPI,QR
06 Aug

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

Read more orange-arrow
EV charging stations will get to choose infrastructure technology
05 Aug

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

Read more orange-arrow
Startups in dire need of regulatory clarity
05 Aug

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

Read more orange-arrow
Tribunal upholds Arcelor’s Rs 42k-crore bid for Essar Steel
05 Aug

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 ...

Read more orange-arrow
SoftBank faces Oyo riders for stake increase
05 Aug

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 ...

Read more orange-arrow
Yes Bank invokes pledged Eveready shares
05 Aug

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 ...

Read more orange-arrow
Tata Motors uses production cuts, retail push to ride out slowdown
05 Aug

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 ...

Read more orange-arrow
Yes Bank invokes pledged Eveready shares
04 Aug

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 ...

Read more orange-arrow
Ahead of budget, services sector activity contracts
04 Aug

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 ...

Read more orange-arrow
SAT asks SEBI to decide in derivative trades case
04 Aug

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

Read more orange-arrow
RBI norms for video KYC may be out in a month
04 Aug

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

Read more orange-arrow
Auditor resignations likely to trigger probes by RBI, Sebi
04 Aug

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

Read more orange-arrow
Nifty50 companies' net profit may rise 29% in April-June
04 Aug

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 ...

Read more orange-arrow
Tatas battle misinformation campaign against salt brand
04 Aug

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

Read more orange-arrow
Govt. is considering a Rs 74000cr bailout plan for BSNL, MTNL
03 Aug

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

Read more orange-arrow
Auto dealers shut shop as sales slow
03 Aug

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

Read more orange-arrow
Ola Electric Mobility has raised $250-million funding from SoftBank
03 Aug

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

Read more orange-arrow
India's handset makers have asked govt. to limit import duty on high-end phones above Rs 20000 to Rs 4000
03 Aug

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 ...

Read more orange-arrow
NCLAT has called out Jaypee Infratech lenders for "Backdoor Negotiations" with Adani
03 Aug

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

Read more orange-arrow
Powers of RBI are wide ranging and Comprehensive: Finance Minister
03 Aug

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 ...

Read more orange-arrow
Passenger Car sales continue to move in reverse gear
02 Aug

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 ...

Read more orange-arrow
IL&FS fallout: ICRA placed MD Naresh Takkar on leave
02 Aug

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

Read more orange-arrow
Reliance Jio Infocomm is set to raise $500 million
02 Aug

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 ...

Read more orange-arrow
Digital payments through UPI grows 3% in June, Logs 755 million Transaction
02 Aug

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

Read more orange-arrow
Large lenders to the debt laden DHFL agree to consider resolution plan
02 Aug

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 ...

Read more orange-arrow
Banks have reduced lending rates in response to the cut by RBI
02 Aug

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 ...

Read more orange-arrow
With Jet in NCLT hanger, Tata group plans to bid for some assets of Jet Airways
01 Aug

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 ...

Read more orange-arrow
Banks have alerted RBI about the spike in hedging cost
01 Aug

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 ...

Read more orange-arrow
SAT imposed Rs 50000 penalty on SEBI for lapses in probe
01 Aug

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 ...

Read more orange-arrow
Govt. unlikely to get fiscal boost from RBI surplus
01 Aug

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 ...

Read more orange-arrow
PWC resigns as auditor of Eveready Industries
01 Aug

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

Read more orange-arrow
IL&FS has constituted a committee to take up resolution with lenders
01 Aug

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

Read more orange-arrow
International fares take to the sky due to grounded Jet
29 Aug

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 ...

Read more orange-arrow
India is likely to revamp its customs duty regime to boost make in India, exports
29 Aug

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 ...

Read more orange-arrow
E-sports gaming is now seeing investors attention
29 Aug

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

Read more orange-arrow
Fintech startup Avail Finance has raised an undisclosed amount from Ola
29 Aug

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

Read more orange-arrow
Fiscal deficit at 52% of budget target for FY20
29 Aug

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 ...

Read more orange-arrow
Small savings rate cut by0.1% for July-September quarter
29 Aug

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 ...

Read more orange-arrow
Cafe Coffee Day founder VG Siddhartha seeks Rs 8000-10000 cr valuation
28 Aug

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 ...

Read more orange-arrow
New rules on TDS gives additional power to taxman to initiate prosecution against evaders
28 Aug

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 ...

Read more orange-arrow
Govt. is planning to set up a national data governance centre to hold and manage all public data
28 Aug

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

Read more orange-arrow
SEBI puts safety net around liquid, debt fund investors
28 Aug

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 ...

Read more orange-arrow
IL&FS crisis to bring discipline into Non Banking Finance Companies
28 Aug

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

Read more orange-arrow
State-owned Telcos are battling heavy salary bills: DoT wants aid for BSNL, MTNL
28 Aug

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

Read more orange-arrow
Coca-Cola sits down for stake talks over coffee with Cafe Coffee Day
27 Aug

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 ...

Read more orange-arrow
IL&FS board to consider release of payments to creditors.
27 Aug

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

Read more orange-arrow
Whats App has set up data storage facilities , all set to open payments tap.
27 Aug

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 ...

Read more orange-arrow
SC Puts stay on settlement of equity derivatives trades of Mumbai-based Broking Firm.
27 Aug

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

Read more orange-arrow
I-T department to share details of assets, accounts of loan defaulters with banks: CBDT .
27 Aug

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

...

Read more orange-arrow
Lack of 4G, Staff Costs Slow Down BSNL, MTNL in Data Race.
27 Aug

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 ...

Read more orange-arrow
Bharti Airtel has prepaid loans over Rs 22000 Cr
26 Aug

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 ...

Read more orange-arrow
RBI panel wants Govt online loan application platform to reach out to startups
26 Aug

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

Read more orange-arrow
Goyal for Reciprocity on Foreign Direct Investment, Ecomm talks with partners
26 Aug

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

Read more orange-arrow
Any ban on audit firms may not impact entities that are part of network
26 Aug

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 ...

Read more orange-arrow
Loan sanctions by NBFCs have fallen 31% in Jan-Mar
26 Aug

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

Read more orange-arrow
E-comm meeting sees swadeshi, videshi divide
26 Aug

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

Read more orange-arrow
Madras HC dismissed Cognizant's plea on Rs 2912 cr Dividend Distribution Tax
26 Aug

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

Read more orange-arrow
Without banks on board, Jet probe fails to move ahead
25 Aug

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

Read more orange-arrow
Exit of Acharya from RBI as deputy governor marks the end of conservative era
25 Aug

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 ...

Read more orange-arrow
I-T dept. issued Rs 64700 Cr. worth of refund in FY20
25 Aug

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 ...

Read more orange-arrow
Piyush Goyal on Monday introduced a bill to allow trusts to set up units in SEZ
25 Aug

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 ...

Read more orange-arrow
RBI has introduced complaint management system (CMS) on its website
25 Aug

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 ...

Read more orange-arrow
The number of willful defaulters in PSBs has increased by 60% to 8582 in 5 years
25 Aug

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 ...

Read more orange-arrow
Coca-Cola India looks to exit bottling activity
24 Aug

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

Read more orange-arrow
Sony India is expecting 10-15% sales growth this fiscal
24 Aug

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 ...

Read more orange-arrow
Data protection, Aadhaar bill listed for budget session
24 Aug

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 ...

Read more orange-arrow
With no viable revival plan, NCLT has approved a proposal to liquidate S Kumars
24 Aug

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

Read more orange-arrow
Concern of solvency of some institutions are weighing on markets: Uday Kotak
24 Aug

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

Read more orange-arrow
Startup India fund fell short of its capital allocation target by around Rs.1000-1200 Cr.
24 Aug

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

Read more orange-arrow
GST Council has extended tenure of Anti-Profiteering Body
22 Aug

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 ...

Read more orange-arrow
NCLT didn't have the jurisdiction to ban us, say Deloitte and KPMG
22 Aug

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

Read more orange-arrow
NCLT approves Anish Nanavati of Deloitte as Resolution Professional for RCom
22 Aug

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

Read more orange-arrow
Govt. made it mandatory for multiplexes to shift to an electronic ticketing system
22 Aug

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

Read more orange-arrow
Government's Dighi ports U-turn latest blow to insolvency
22 Aug

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 ...

Read more orange-arrow
Public Sector Cos' borrowing impact on inflation overblown
22 Aug

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 ...

Read more orange-arrow
Enforcement Directorate rejects Mehul Choksi's affidavit, offer to join probe in Antigua
22 Aug

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

Read more orange-arrow
IndiGo and GoAir oppose process of allocation of Jet Airways' foreign flying rights
21 Aug

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

Read more orange-arrow
Tax Department may not get to reopen cases beyond 4 Yrs
21 Aug

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 ...

Read more orange-arrow
Ahead of NCLT hearing, BSR & Associates has resigned as an auditor of IFIN
21 Aug

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

Read more orange-arrow
SIAM has raised an alarm over duty concessions on 28 products including Cars and Diesel Buses
21 Aug

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 ...

Read more orange-arrow
SoftBank fund begins talks to back health startup CureFit
21 Aug

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

Read more orange-arrow
DSC highway arm faces insolvency process
21 Aug

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

Read more orange-arrow
Customs officials likely to get more powers
20 Aug

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

Read more orange-arrow
Income Tax Appellate Tribunal has upheld I-T's case against NDTV's Roys
20 Aug

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

Read more orange-arrow
SEBI moves SC for clarity over jurisdiction issues with NCLT
20 Aug

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 ...

Read more orange-arrow
Govt. turns down Traders' E-Commerce regulator demand
20 Aug

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 ...

Read more orange-arrow
3500 exporters whose customs records are not matching with their I-T returns are under Lens
20 Aug

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 ...

Read more orange-arrow
No shortage of jobs with salaries up to Rs 20,000
20 Aug

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 ...

Read more orange-arrow
Enforcement Directorate is likely to summon Naresh Goyal in Jet privilege case
19 Aug

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

Read more orange-arrow
India may cut the GST on Electrical Vehicles
19 Aug

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 ...

Read more orange-arrow
Mobile Wallets are counting on video KYC to ease pain
19 Aug

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 ...

Read more orange-arrow
RBI to address India Inc's data woes
19 Aug

A day after commerce and industry minister Piyush Goyal met industry leaders to discuss issues related to e-commerce, the government said the Reserv ...

Read more orange-arrow
Airtel, Voda Idea are gearing up to challenge any DoT penalty over PoI issue
19 Aug

Bharti Airtel and Vodafone Idea are gearing up to challenge any penalty order from the Department of Telecommunications (DoT) for allegedly denying ...

Read more orange-arrow
NCLT's principal bench has ordered the liquidation of Moser Baer Solar
19 Aug

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 ...

Read more orange-arrow
Jet stock crashes 41%, remaining 2 directors quit
19 Aug

The endgame for Jet Airways has started with lenders deciding to take the airline to insolvency court. The airline's last two remaining directo ...

Read more orange-arrow
Deloitte global CEO met top Indian officials to persuade them against a possible ban
18 Aug

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 ...

Read more orange-arrow
Lenders have decided to take grounded Jet Airways to Bankruptcy Court
18 Aug

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 ...

Read more orange-arrow
IndiGo Airline places $20-bn order for Leap-1A engine with CFM International
18 Aug

As problem with Pratt & Whitney's gear turbofan engines continue to impact Indigo's Airbus 320 fleet, the airline on Monday announced to change ...

Read more orange-arrow
Govt. looks to provide collateral-free loan up to Rs. 50 lakh to small units
18 Aug

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 ...

Read more orange-arrow
New rules notified to rein in tax evaders
18 Aug

Indulgence in serious criminal cases of money laundering, terror financing, corruption, possession of benami properties and undisclosed foreign asse ...

Read more orange-arrow
Govt. firm on e-comm, data security
18 Aug

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 ...

Read more orange-arrow
MCA is expected to move the court for freezing IL&FS Ex- Directors' properties
17 Aug

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& ...

Read more orange-arrow
Wipro taps its Intellectual Property to efficiently deliver Software Services
17 Aug

Wipro is pushing technology solutions based on its intellectual property (IP) to efficiently deliver software services to its customers and tap grow ...

Read more orange-arrow
Foreign, Indian global firms in a fix over likely ban of two audit firms in India
17 Aug

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 ...

Read more orange-arrow
New accounting rules may significantly impact Cos with long term Leases: CLSA
17 Aug

The new accounting standard AS-116, which came into effect from April, is expected to significantly impact financial reporting for companies with lo ...

Read more orange-arrow
Govt. is looking at a fresh set of tax sops for startups in budget
17 Aug

The government is looking at a fresh set of tax benefits for startups to boost entrepreneurship and employment in the economy. The de ...

Read more orange-arrow
Jet lenders running out of runway
17 Aug

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 ...

Read more orange-arrow
After multiple pauses, India decided to raise Tariffs on 29 US goods
15 Aug

India has decided to raise import tariffs on 29 goods from the US after having deferred retaliatory higher duties multiple times since announcing th ...

Read more orange-arrow
Income Tax Department summoned Jet Airways founder Naresh Goyal in Evasion Case
15 Aug

The income tax (IT) department recently summoned Jet founder Naresh Goyal for questioning in an alleged tax evasion case, said people with knowledge ...

Read more orange-arrow
With Electrical Vehicles in demand, Auto Cos are looking to pare cost by reskilling
15 Aug

Automobile sales may be falling, but the demand for skilled professionals in the electric vehicles (EV) sector is rising. The likes of Tata Motors, ...

Read more orange-arrow
Trade Unions have slammed the govt. for reducing ESI contribution
15 Aug

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 ...

Read more orange-arrow
Wholesale Price Index inflation eases to 22-month low of 2.45%
15 Aug

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 ...

Read more orange-arrow
Exports sluggish, trade deficit widened to a six-months high
15 Aug

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 ...

Read more orange-arrow
NBFC liquidity drought won't affect Yes Bank
14 Aug

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 ...

Read more orange-arrow
Bank to consider Inter-Creditor Agreement revision, could ask RBI to formulate required changes
14 Aug

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 ...

Read more orange-arrow
NHAI is looking to make BOT projects more attractive
14 Aug

The National Highways Authority of India (NHAI) is looking to tweak the build-operate-transfer (BOT) framework of highways development as the govern ...

Read more orange-arrow
Govt. has reduced ESI contribution rate to 4%
14 Aug

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 ...

Read more orange-arrow
American Tower Corporation approached NCLT for videocon consolidation
14 Aug

Telecom Infrastructure firm American Tower Corporation (ATC) has approached the bankruptcy court challenging the consolidation of Videocon Telecommu ...

Read more orange-arrow
Tatas await final decision on govt. petition to ban Deloitte, BSR
14 Aug

Tata Group chairman N Chandrasekaran has said that the enterprise will await the final decision on the government’s petition to ban Deloitte Ha ...

Read more orange-arrow
PwC resigns as auditor of Reliance Capital& Home Finance
13 Aug

  Price Waterhouse & Co (PwC) has informed the ministry of corporate affairs about certain alleged irregularities in the books of accoun ...

Read more orange-arrow
TRAI gives telcos more time to implement new MNP rules
13 Aug

The telecom regulator has extended the deadline for telcos to implement the revised mobile number portability (MNP) rules from June 13 to September ...

Read more orange-arrow
Loans to IL&FS: IndusInd Bank acted on assurance from SBI, LIC
13 Aug

Two key investors in Infrastructure Leasing & Financial Services — Life Insurance Corporation and State Bank of India — had asked IndusInd Bank ...

Read more orange-arrow
RBI seeks fortnightly update on fin action taken by IFIN board
13 Aug

After the Serious Fraud Investigation Office (SFIO) charge sheet suggested that the Reserve Bank of India (RBI) should conduct an internal inquiry, ...

Read more orange-arrow
ED summons IL&FS’ auditors in money laundering case
13 Aug

In fresh trouble for auditors of Infrastructure Leasing & Financial Services (IL&FS) and its subsidiaries, the Enforcement Directorate (ED) ha ...

Read more orange-arrow
Subsidy proposals this week to set up 5,000 e-charging stations
13 Aug

The government will within this week float two large proposals offering subsidy to states for deployment of 5,000 electric charging stations in citi ...

Read more orange-arrow
Deloitte, BSR ban may leave big gap in Audit Inc's Books
12 Aug

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 ...

Read more orange-arrow
Yes bank founder Rana Kapoor's demand for a seat on the board
12 Aug

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 ...

Read more orange-arrow
Reliance group has serviced over Rs 35000 crores of debts in last 14 months
12 Aug

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 ...

Read more orange-arrow
Passenger vehicle sales crashed most in a month in 18 yrs
12 Aug

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 ...

Read more orange-arrow
Auto Cos are offering vehicles for a monthly rental with no down payment
12 Aug

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 ...

Read more orange-arrow
India's IT services sector revenue is expected to grow 6-8%
12 Aug

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 ...

Read more orange-arrow
Govt. moves NCLT to debar Deloitte & BSR
11 Aug

The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and B ...

Read more orange-arrow
Govt. panel is considering to allow private companies to sell subsidized LPG
11 Aug

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 ...

Read more orange-arrow
ITC denies making any offer to acquire assets of Leelaventure
11 Aug

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 ...

Read more orange-arrow
Indian IT services firm may face volatile growth in the banking services
11 Aug

Indian IT services firms, which earn over a third of their revenue from banking industry, could see business turn volatile as large client ...

Read more orange-arrow
Indian Govt. will shortly finalise list of 5G spectrum bands for ITU meet
11 Aug

The government will shortly finalise a master list of spectrum bands that India will push for deployment in 5G telecom services at the International ...

Read more orange-arrow
NBC Bearings' revenue up 22%, at Rs 2511 crore in FY19
11 Aug

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 ...

Read more orange-arrow
IL&FS is likely to file contempt proceedings against 9 large banks
10 Aug

The government-appointed board of Infrastructure Leasing & Financial Services (IL&FS) is likely to file contempt proceedings against nine la ...

Read more orange-arrow
Two Jet suppliers file petition in bankruptcy court
10 Aug

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 ...

Read more orange-arrow
Reliance power write-offs, impairment raise concern over debt repayments
10 Aug

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 ...

Read more orange-arrow
RBI has slapped a penalty of Rs 2 crore on Kotak Mahindra Bank
10 Aug

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 ...

Read more orange-arrow
SEBI to tighten rules to save MFs from delay in payments
10 Aug

Markets regulator Sebi plans to come out with tougher norms for debt instruments issued by companies with promoter’s shares as collateral ...

Read more orange-arrow
MCA favours setting up National Institute for Valuers
10 Aug

 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 ...

Read more orange-arrow
RBI issued fresh circulars for defaulting companies
08 Aug

The Reserve Bank of India issued the much-anticipated, revised circular on dealing with defaulters that retained the original spirit of its efforts ...

Read more orange-arrow
Dewan Housing Financing Corp. Ltd. pays Commercial Paper, FD Investors
08 Aug

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 ...

Read more orange-arrow
Securities and exchange board of India pause on Leela assets sale has investors worried
08 Aug

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 ...

Read more orange-arrow
G20 Nations ready to endorse new tax framework to ensure fair play
08 Aug

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 ...

Read more orange-arrow
SBI has become first lender to link the cost of home loans to RBI's repo rate
08 Aug

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 ...

Read more orange-arrow
RBI to extend $25bn line of credit for exports
08 Aug

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 ...

Read more orange-arrow
RBI cuts rate & softens stance, but no reprieve for NBFCs yet
07 Aug

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 ...

Read more orange-arrow
Sebi examines ‘default probability’ framework to keep rating companies on Alert
07 Aug

Amid corporate delinquency, investor losses, and blame game, India’s capital market regulator is examining a ‘default probability’ framework to keep ...

Read more orange-arrow
DHFL to raise Rs 900 crore via loan portfolio sale
07 Aug

Dewan Housing Finance Corporation (DHFL) is raising about Rs 900 crore by issuing  Pass Through Certificates (PTCs), or securities used in loan ...

Read more orange-arrow
Corporation Bank files insolvency pleas against Nirav Modi companies
07 Aug

Corporation Bank, one of the consortium of lenders to fugitive Nirav Modi’s firms Firestar Diamond International and Firestar International, has app ...

Read more orange-arrow
RBI removes NEFT, RTGS payment charges to promote digital transactions
07 Aug

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 ...

Read more orange-arrow
Bears get the better of bulls on D-Street as NBFC worries weigh
07 Aug

The stock market tumbled on Thursday over growing worries about the health of non banking finance companies after Dewan Housing Finance Corp’s failu ...

Read more orange-arrow
RBI may shun sectoral exceptions, ease timelines for stressed assets
06 Aug

The Reserve Bank of India is unlikely to announce special sectoral exceptions in its new circular on stressed assets, contrary to demands of power, ...

Read more orange-arrow
Higher income states witness faster reduction in auto volume growth
06 Aug

Vehicle sales in higher per capita income states such as Maharashtra, Gujarat, Delhi and Karnataka are shrinking faster than the industry average. T ...

Read more orange-arrow
IL&FS projects to be resolved in 100 days
06 Aug

Road transport and highways minister Nitin Gadkari said he will resolve the stalled projects of crisis-hit Infrastructure Leasing & Financial Se ...

Read more orange-arrow
Bankrupt US drug firm Aceto accuses Aurobindo of sabotage, seeks damages
06 Aug

Aceto Corporation, a US generic drug distributor, has accused Aurobindo Pharma  and its founder PV Ramprasad Reddy of sabotaging and systemical ...

Read more orange-arrow
Three-way merger of power companies, GAIL split first up in PSU rejig
06 Aug

India has started work on restructuring state-owned companies and on the immediate agenda is the bifurcation of GAIL (India) into marketing and tran ...

Read more orange-arrow
DHFL's Payment Blow leaves Debt Market Cowering
06 Aug

Mutual fund investors holding debt of Dewan Housing Finance Corporation Ltd(DHFL) suffered one of the worst single day losses ever after the troubled ...

Read more orange-arrow
No change in last date to file annual GST return: Finance Ministry
05 Aug

The Union Finance Ministry, on Tuesday, issued a detailed clarification on the annual return filing for the Goods & Services Tax (GST). The last d ...

Read more orange-arrow
Finance Ministry assured that IGST credit accrued in FY18 won't lapse even if not claimed in that fiscal
05 Aug

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 ...

Read more orange-arrow
Consumer goods firms want GST on ACs, large TVs cut to 18%
05 Aug

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 ...

Read more orange-arrow
RBI ban on SR Batliboi & Co could impact Audit of Large Lenders
05 Aug

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 ...

Read more orange-arrow
IFIN case: Auditors set to take on SFIO
05 Aug

Auditors accused of conniving with the management of a subsidiary of Infrastructure  Leasing & Financial Services (IL&FS) are gearing u ...

Read more orange-arrow
Tata Sons buy back NCDs worth Rs 3,000 cr from LIC
05 Aug

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 ...

Read more orange-arrow
The Competition Commission of India imposes Rs 74 cr fine on Himalaya Drug, 3 others for anti-competitive trade practices
05 Aug

The Competition Commission of India has levied a total fine of over Rs 74 crore on pharma firms -- Himalaya Drug Company and Intas Pharmaceuticals -- ...

Read more orange-arrow
World Bank retains India's growth rate for FY19-20 at 7.5 per cent
05 Aug

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 ...

Read more orange-arrow
Government refutes claims of spike in bank frauds
05 Aug

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 ...

Read more orange-arrow
RBI restricts SR Batliboi from auditing banks this fiscal
04 Aug

The Reserve Bank of India (RBI) has barred SR Batliboi & Co, an affiliate of EY, from undertaking audit assignment in commercial banks for ...

Read more orange-arrow
Nandan Nilekani led committee suggested measures for growth in digital payments
04 Aug

The Nandan Nilekani-led committee, appointed by the RBI, has suggested measures for promoting e-payments, which  said could result in a te ...

Read more orange-arrow
RBI had ordered IFIN to clean up its books by 2019
04 Aug

Loans advanced by IL&FS Financial Services Ltd (IFIN) to group companies in violation of regulations increased over a five-year period just prio ...

Read more orange-arrow
Mahindra & Mahindra will complete transition to BS-VI norms before schedule
04 Aug

Mahindra & Mahindra, India’s leading utility vehicles maker, said that it would transition to the stringent BS-VI emission norms ahead of schedu ...

Read more orange-arrow
Govt. may infuse Rs. 40000 crore in Banks to boost lending
04 Aug


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 ...

Read more orange-arrow
Manufacturing activity grew at its fastest pace in three last months in May
04 Aug


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 ...

Read more orange-arrow
NCLT Chandigarh sanctioned Merger of Indus Towers with Bharti Infratel
03 Aug

The Chandigarh bench of National Company Law Tribunal has sanctioned the scheme of amalgamation and arrangement among Indus Towers and Bharti Infrat ...

Read more orange-arrow
Paytm suppose to get hands on Insurance Marketplace Coverfox for around $120 Million.
03 Aug

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 ...

Read more orange-arrow
UPI Transactions recorded 781.79 M in April 2019 but only 733.54 M in May 2019
03 Aug

Digital Transactions via major players PhonePe, Google Pay and Paytm tend to fluctuate every month. It is the second consecutive monthly decline in ...

Read more orange-arrow
Swiss Bank Account: Indians Suspected with Illegal Money
03 Aug

Switzerland is amplifying  its hunt for hidden black money , India has proposed Switzerland for banking details of at least ten individuals and ...

Read more orange-arrow
Restoration looks uncertain at the moment: India needs to meet Strict norms to get GSP benefits again.
03 Aug

The Generalized System of Preference is designed to promote economic development by allowing duty-free entry for thousands of products f ...

Read more orange-arrow
PFRDA proposes to increase in State government contribution in Pension Fund
03 Aug

The Pension Fund Regulatory and Development Authority (PFRDA) has requested the Central Board of Direct Taxes (CBDT) to entitle companies and State ...

Read more orange-arrow
FY19 GDP growth slips to five year low of 6.8%
01 Aug

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 ...

Read more orange-arrow
Survey shows India's unemployment rate stood at 6.1% in FY18
01 Aug

India’s unemployment rate stood at 6.1% in FY18, official data showed, highlighting the challenge that confronts the Narendra Modi-led government. T ...

Read more orange-arrow
Former IFIN directors allowed loans to Siva cos despite RBI reservations
01 Aug

The Serious Fraud Investigation Office (SFIO) said that former directors of IL&FS Financial Services (IFIN) allowed the NBFC to lend to Siva Gro ...

Read more orange-arrow
MCA approves debarring of 9 Auditors in IL&FS case
01 Aug

The board of Infrastructure Leasing & Financial Services Ltd issued notices to Deloitte Haskins & Sells and KPMG’s audit partner BSR & C ...

Read more orange-arrow
SBI proposes a Single Resolution Professional for RCom
01 Aug

State Bank of India has made a proposal to appoint a single resolution professional to run the bankruptcy process of Reliance Communications and two ...

Read more orange-arrow
Govt. intends to fast track crop insurance claim through technology
01 Aug

The government plans to rope in specialised agencies that can use satellites, remote-sensing data, unmanned aerial vehicles and artificial intellige ...

Read more orange-arrow