Business News

The Indian telecom industry’s gone through a significant churn: from a period of more than a dozen different companies competing with each other to a three-player market. While the new telecom reforms announced by the government will help…

Foreign portfolio investors (FPIs) have pumped in a net sum of Rs 5,319 crore in the domestic capital markets despite a massive correction seen in equities over the last fortnight. In October, they were net sellers to the tune of Rs…

After Bharti Airtel and Vodafone Idea, Reliance Jio on Sunday announced up to 21 per cent hike in its prepaid tariffs from the next month. Despite the increase in rates, Jio has kept the price of plans lower than Airtel and Vodafone…

The Enforcement Directorate summoned officials of Amazon.com Inc and its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to sources with direct knowledge of the matter. Amazon…

Commerce Minister Piyush Goyal said that “a free trade deal” is not the only way forward to boosting trade with the United States, noting that the current US administration was not inclined towards entering into new FTAs. Earlier this week,…

The effort of the Central government, along with states, is to eliminate burdensome compliances, reduce the need for licensing and rationalise the renewal process with an aim to promoting ease of doing business, Commerce and Industry…

As the government gets closer to opening the curtains on its Bill to regulate cryptocurrencies, the crypto exchange industry hopes for a balance between protection of India’s financial stability and the innovation possible from the…

The World Trade Organization (WTO) has postponed its crucial meet of trade ministers from various countries — scheduled to start from November 30 in Geneva — for a second time, after an outbreak of a new strain of the Covid-19 virus led…

India’s One 97 Communications Ltd, the parent of fintech firm Paytm, said on Saturday its net loss for the three months through September widened by 8.4% as expenses rose. Paytm, reporting its earnings publicly for the first time since this…

New Delhi, Nov 27 (UNI) Minister of State for Finance Bhagwat Kishanrao Karad has announced the formation of various groups to address the problems raised by exporters and group on the challenges of e-commerce retail exports which will…

BEIJING: Global stocks and oil prices tumbled Friday after South Africa found a fast-spreading coronavirus variant and the European Union proposed suspending air travel from southern Africa. London's benchmark fell by an unusually wide…

KOLKATA: Chairman of the Aditya Birla Group, Kumar Mangalam Birla Friday said that 2021 has been a "watershed year" for the Indian economy after the reforms of 1991. Speaking at the virtual annual session of ICC, Birla said that 30 years…

NEW DELHI: Online learning platform Vedantu on Friday announced an Employee Stock Ownership Plan (ESOP) liquidity programme worth USD 3 million (about Rs 22.4 crore). Under this programme, the top leadership and eligible active employees…

NEW DELHI: Markets regulator Sebi on Friday directed registrar and share transfer agents (RTAs) and merchant bankers to disclose investor charter as well as data pertaining to complaints they received on their websites. The regulator has…

NEW DELHI: Hinduja Group flagship Ashok Leyland on Thursday said its Managing Director and CEO Vipin Sondhi has resigned from the company citing personal commitments and Dheeraj Hinduja has stepped in as executive chairman with immediate…

The Income Tax Department on Wednesday said it has issued refunds of over Rs 1.23 lakh crore so far this fiscal year. This includes 75.75 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs 15,998.31 crore. “CBDT issues…

Signing a pact for the transition from equalisation levy, India and the US on Wednesday agreed for a transitional approach on equalisation levy or digital tax on e-commerce supplies beginning April 1, the Finance Ministry said on Wednesday.…

Turkey’s lira recovered as much as 7% on Wednesday after a historic slide to record lows a day earlier triggered by President Tayyip Erdogan’s defence of rate cuts, but volatility and steep price rises still worried consumers and investors.…