Business News

The Commerce Ministry’s foreign trade arm DGFT will deactivate all importer-exporter codes (IECs) that have not been updated after January 1, 2014, with effect from December 6, 2021, a move which would help in knowing the actual number of…

New Delhi, Nov 21 (Nirbhay Kumar-UNI) As Centre gears up to start consultation with industry for Union Budget, industry body PHDCCI has proposed to keep personal income tax, corporate tax and peak GST rate all at 15% in order to boost…

New Delhi, Nov 21 (UNI) Shifting regulations targeting specific sectors like edtech and fintech in China could drive venture capital investments in other parts of Asia and India would have a lot to gain going forward in the October to…

Different stakeholders of the mining industry will participate in a national conclave next week and hold strategic discussions on major issues and opportunities in the sector to bring in higher growth and facilitate ease of doing business,…

The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around Rs 970 crore, according to documents uploaded on the DIPAM website. BSNL properties located in Hyderabad,…

The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday approved investment of up to 5 per cent of its annual deposits in new asset classes of alternative investment funds (AIFs), including infrastructure investment…

If you want to own a piece of BuzzFeed, just wait till the first week of December. The publisher’s plan to merge with 890 5th Avenue Partners, a blank-check company, will be put to a shareholder vote Dec. 2, according to a recent…

The foreign exchange — forex — reserves fell by $763 million to $640.112 billion in the week ended November 12, according to data released by the RBI. In the preceding week ended November 5, the reserves decreased by $1.145 billion to…

Flipkart said on Friday it will acquire a majority stake in Kolkata-based Sastasundar Marketplace, which owns and operates online pharmacy and digital healthcare platform SastaSundar.com. While the Walmart-owned e-commerce major did not…

Covid pandemic has proved to be a boon for insurance companies. With people increasingly taking health cover to meet medical expenses, general insurance companies have reported a 29.81 per cent rise in premium income from the health segment…

Reliance Industries Ltd (RIL) and Saudi Aramco have decided to drop the latter’s mega plan to acquire 20 per cent stake in RIL’s oil-to-chemical business “in light of the changed context”. “The current application with NCLT for…

Go Fashion IPO: The initial public offering (IPO) of Go Fashion (India), which owns women’s wear brand Go Colors, opened for subscription on Wednesday, November 17, 2021. The offer got fully subscribed within hours of opening on the first…

An online personal loan can come in very handy especially when you have many events to plan. With ample cash in hand, you can book a vacation, host a party, renovate your house, buy assets or home appliances, and more. To meet your…

A working group set up by the Reserve Bank of India (RBI) has proposed stringent norms for digital lenders, including a separate legislation to prevent illegal digital lending activities. According to the committee, digital lending apps…

In a step further for resolution of retrospective tax disputes, the government has accepted Cairn Energy Plc’s undertakings to indemnify the former against future claims and withdraw any pending litigation or proceeding before any forum so…

Prime Minister Narendra Modi on Thursday said that the government has supported the banking sector in every way and added that this sector is very strong now. He said that the reforms in the last 6-7 years have led to the banking sector in…

The economy is likely to grow 7-7.5 per cent in the next fiscal year, the Economic Advisory Council to the Prime Minister (EAC-PM) said on Thursday, while observing that contact intensive sectors and construction should recover in 2022-23.…

Civil aviation Minister Jyotiraditya Scindia said Thursday the government is evaluating the process for normalising international flight operations, emphasising that it wants to return to normalcy while keeping in mind the pandemic…

Over the last month, Facebook Inc- which has since re-branded itself as Meta Platforms Inc- has been in the eye of the storm for fielding several allegations, including that the company chose to grow at the cost of its users’ safety and its…

Finance Minister Nirmala Sitharaman on Wednesday said that the new age industries will make a big difference to the growth of the Indian economy. Speaking at CII Global Economic Policy Summit, the finance minister said that, “…those who…