Business News

The Reserve Bank of India (RBI) has batted for more functional autonomy to civic bodies as the Covid pandemic has put severe strain on the third tier of the government. “With the third-tier governments in India playing a frontline role…

The domestic electronics manufacturing industry has committed to generating a revenue of $300 billion by 2025-26, Minister for Electronics and Information Technology Ashiwini Vaishnaw said on Wednesday. “When we were reviewing what…

Justin Bieber performed at a live concert in November, but the show wasn’t in a stadium or arena. Like recent performances from Ariana Grande, the Weeknd and Travis Scott, this concert was held in the metaverse, the online world that…

The Income Tax Department has detected undisclosed income of more than Rs 500 crore after it recently raided a Jaipur-based group engaged in manufacturing and export of jewellery and coloured gem stones, the CBDT said on Wednesday.…

Washington, Nov 30 (UNI/Sputnik) Microsoft CEO Satya Nadella sold half of his shares in the company presumably due to an upcoming Washington state law imposing a 7 per cent tax on long-term capital gains over $250,000 that is due to take…

The Reserve Bank of India has constituted a three-member advisory committee to assist the Administrator of Reliance Capital Ltd which came under the insolvency process on Monday. The members of the Advisory Committee include Sanjeev…

The Centre is committed to compensate states for five years for the revenue loss due to GST implementation as provided in the statute, Finance Minister Nirmala Sitharaman said on Tuesday. The GST Constitutional Amendment Act provides for…

The Indian economy clocked a healthy growth rate of 8.4 per cent in July-September, the second quarter of financial year 2021-22, primarily on the back of a low base but aided by increased vaccination and an uptick in agriculture, public…

Rural workers in Kerala earn way more than their counterparts in more developed states like Gujarat and Maharashtra and over double the national average. A rural worker (men in the non-agricultural segment) in Kerala earned an average of…

A ministers’ panel on disinvestment on Monday cleared a winning bid of Rs 210 crore for selling 100 per cent government equity in Central Electronics Ltd (CEL) to Nandal Finance and Leasing Pvt Ltd. The Alternative Mechanism — comprising…

The Supreme Court on Monday extended by two weeks the deadline for Competition Commission of India (CCI) to decide on the Confederation of All India Traders’ (CAIT) plea seeking revocation of approval granted to the Amazon-Future Group deal…

About 7.5 per cent job losses were seen during the lockdown for Covid pandemic last year, with the manufacturing, construction, education and trade sectors bearing the brunt more than white-collared employment in IT/BPOs, financial services…

The initial public offering (IPO) of Star Health and Allied Insurance Company will open for subscription on Tuesday, November 30, 2021, at a price band of Rs 870-900 per share. The offer will be available till Thursday, December 2, 2021.…

The Ministry of Corporate Affairs (MCA) has published a draft framework for cross border insolvency proceedings based on the UNCITRAL (United Nations Commission on International Trade Law) model under the Insolvency and Bankruptcy Code.…

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…