Business News

NEW DELHI: A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to German automaker Audi. Luxury car volumes…

Most of us have done it at least once. That is, hitting the reset button on the smartphone to shut it down and wipe out the virus. For better results, we’ve even tried deep clean or reboot, which restores factory settings, meaning the…

Indian Oil Corporation (IOC) posted a marginal rise in net profit for the second quarter of the ongoing fiscal on Saturday, with lower inventory gains offseting better operational performance. For the quarter under review, the nation’s…

The Finance Ministry has invited applications to select the next Chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose term comes to an end in February. An IAS officer of Himachal Pradesh cadre of the…

The nation’s forex reserves fell by $908 million during the week ended October 22 to reach $640.1 billion, according to data from the Reserve Bank of India (RBI). During the week ended October 15, the foreign exchange, or forex, reserves…

The power Ministry has proposed amendments to the Energy Conservation Act, 2001, (EC Act) which are set to specify a minimum share of renewable energy in overall consumption by industrial units. The amendments are also set to incentivise…

Non-food credit offtake increased by 6.8 per cent, or Rs 6.89 lakh crore, to Rs 108.94 lakh crore during the 12-month period ended September 2021 from 5.1 per cent in the previous year, with the country lifting restrictions imposed in the…

Adani Group on Friday said it would acquire a “significant minority stake” in online travel aggregator and ticket booking portal Cleartrip, which is a part of the Flipkart group. The acquisition, as a part of its diversification plan, is…

HDFC Chairman Deepak Parekh Friday said the housing and real estate sector is “heading into the best of times” with a lot of “optimism in the air”. “In over 50 years of my work life, I have not seen housing affordability better than…

Stock market correction continued on Friday, even as dull global cues and mixed corporate earnings hit the sentiment. The Sensex, which had lost 1,159 points on Thursday, crashed by another 678 points, or 1.13 per cent, to 59,306.93 while…

India is pushing G20 nations to ensure that large multi-national corporations (MNCs) pay a minimum corporate tax in the countries in which they operate. A number of countries have raised the issue of large MNCs shifting profits and taxes to…

The Reserve Bank of India on Friday relaxed current account rules for bank exposures less than Rs 5 crore, allowing banks to open current account, cash credit (CC) and overdraft (OD) facilities without any restriction. However, in…

New Delhi, 28th, October 2021:Power Finance Corporation Ltd, a Maharatna CPSE company and India’s leading power sector focussed non-banking financial firm, today announced the appointment of Shri Rajiv Ranjan Jha as Director (Projects).…

Coal stocks at the country’s thermal plants are improving after a difficult month, in which a number of states had to resort to load shedding as plants ran out of the fuel. While the coal stock position is improving, the shortage at…

Market regulator Sebi on Thursday tightened the norms for investments in securities by employees, board members and trustees of asset management companies (AMCs). The new framework will help avoid any actual or potential conflict of…

THE GOVERNMENT-BACKED SWAMIH Fund has announced its successful exit from the CCI Rivali Park Wintergreen project in Mumbai, which was the first beneficiary of the initiative to provide last-mile funding to affordable housing projects that…

Domestic stock markets came under intense selling pressure Thursday amid global concerns that recovery from the Covid pandemic will slow down as elevated inflation is likely to force central banks to tighten monetary policy. While the…

Industrialist Azim Premji donated Rs 9,713 crore, or Rs 27 crore a day, to retain his top rank among Indian philanthropists in FY21 showed a report on Thursday. According to the Edelgive Hurun India Philanthropy List 2021, the founder…

Rome, Oct 28 (UNI/Sputnik) Ultra-high gas prices will lead to an even stronger "warming up" of oil prices amid the climate agenda pressure on the global energy market, which leads to reduction of investment in hydrocarbon production, CEO of…

Dubai, Oct 28 (UNI/Sputnik) The United Arab Emirates expects to send another astronaut into orbit in a few years after completing training with NASA, but not necessarily on the US spacecraft, the Assistant Director General for Scientific…