Business News

Tata Group and Singapore Airlines’ joint-venture airline Vistara, which launched its service to Paris this month, is awaiting further relaxation of restrictions as an opportunity to expand its footprint internationally, the airline’s chief…

Investment in alternative investment funds (AIFs), infrastructure investment trusts (InvITs) and other similar investment options, along with a likely discussion on the interest rate for 2021-22, are expected to be on the agenda of the next…

George Town, Nov 9 (UNI/Sputnik) The price of the most popular cryptocurrency, bitcoin, broke a historical record to reach a new all-time high above $67,000, according to trading data. On Binance, the largest cryptocurrency exchange in…

New Delhi, Nov 8 (UNI) With the opening of the Rs 18,300-crore Paytm initial public offering -- for subscription on Monday, yet another season of blockbuster IPOs is ready to open up in the Indian market. Paytm apart, 18 mega other…

London/New Delhi, Nov 8 (UNI) In more relief for Indian travelers, Britain said on Monday that from November 22 it will recognise Covid-19 vaccines on the WHO’s Emergency Use Listing, including Bharat Biotech’s Covaxin. Alex Ellis, the UK…

Ola Financial Services (OFS), a subsidiary of Ola, is looking to expand its insurance business internationally to support the company’s mobility service through products designed for the UK and Australia and New Zealand (ANZ) markets, as…

DUBAI: India is ready to move into the next orbit of growth with the hugely successful implementation of the COVID-19 vaccination program, State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Saturday. The kind of vaccine drive…

NEW DELHI: In escalation of the Future group-Amazon feud, Future Retail Ltd's independent directors have urged the Competition Commission to revoke the approval given two years ago for Amazon's deal with Future Coupons, alleging that the…

IndusInd Bank on Saturday reported that nearly 84,000 loans were disbursed by its microfinance arm without the consent of customers due to a technical glitch in May 2021. According to the private sector bank, this issue was highlighted…

The Income Tax (I-T) Department seized over Rs 53 crore following a search on an urban credit cooperative bank in Maharashtra, the tax authority said on Saturday. While the department did not name the cooperative bank, sources said the…

The average market price of power traded on the India Energy Exchange Day Ahead Market (IEX DAM) fell to Rs 2.4 per unit (kilowatt hour) on Friday from a peak of Rs 16.4 per unit on October 11, with states rushing to the exchange to buy…

The forex reserves posted an increase of $1.919 billion for the week ended October 29, reaching $642.019 billion amid a healthy increase in the currency assets and value of gold, as per data from the Reserve Bank of India (RBI). In the…

Rivian Automotive, backed by Amazon.com Inc, on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much as $65 billion in its initial public offering.…

Hyderabad, Nov 6 (UNI) State-owned Singareni Collieries Company Limited (SCCL) has achieved a record turnover of Rs 14,067 crore and earned profits to the tune of Rs 868 crore in the first seven months of the current fiscal. The company…

In a precursor to the Union Budget for 2022-23, the Finance Ministry has sought suggestions related to taxation from industry and trade associations. The suggestions have been asked on direct taxes and indirect taxes — excluding goods and…

A TOTAL of 18 states and 6 Union Territories have cut taxes on auto fuel, following the move by the Centre to cut excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively. All 17 NDA-led states, including Gujarat, Uttar…

Big business finally seems to be taking the climate crisis seriously. After years spent lurking on the sidelines, CEOs of the world’s largest banks, companies and investment firms this week took a spot at the center of the debate at COP26.…

Cairn Energy PLC will change its company name to Capricorn Energy PLC from mid-December. Cairn Energy, which gave the country its largest onland oil discovery, had in 2011 sold the India unit, Cairn India to Anil Agarwal’s Vedanta Group.…

Reliance Industries Limited (RIL) on Friday rubbished a media report that suggested that business tycoon Mukesh Ambani and his family are planning to partly reside in London. Terming the report “baseless”, RIL categorically stated that…

New Delhi, Nov 5 (UNI) Denying reports of Mukesh Ambani shifting his base to London, Reliance Industries Ltd (RIL) on Friday issued a clarification rubbishing the speculation. "Reliance Industries Limited will like to clarify that the…