Business News

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…

Nation states, which have so far used dedicated teams to carry out cyberattacks on the online and offline infrastructure of other countries can, in 2022, turn “hackers for hire” by opting to work for other countries, global cybersecurity…

The bottom 50 per cent of the global population owns just 2 per cent of wealth and 8 per cent of income, while the top 10 per cent of population owns 76 per cent of total household wealth and captured 52 per cent of total income in 2021,…

Hit by a rise in input cost, following the jump in commodity prices, and decline in sales on account of ongoing semiconductor shortage, Maruti Suzuki India reported a 65.7 per cent dip in consolidated net profit at Rs 486.9 crore for the…

The government has reconstituted the Economic Advisory Council to the Prime Minister for a period of two years after its term came to an end last month. Bibek Debroy continues to be the Chairman of the EAC-PM. Former RBI Deputy Governor…

The Finance Ministry has directed all central ministries and government departments to clear dues to Air India immediately. The Department of Expenditure (DoE) also said that government departments may purchase tickets from Air India in…

Banks have sanctioned loans worth Rs 11,168 crore to about 1.93 lakh accounts under the credit outreach programme, Finance Minister Nirmala Sitharaman said Tuesday. Banks are holding special camps across the country to sanction loans to…

Axis Bank on Tuesday reported an over 86 per cent jump in its standalone net profit at Rs 3,133.32 crore in the second quarter ended September 2021. The bank had posted a net profit of Rs 1,682.67 crore during the same period of the…

Reliance BP Mobility Ltd (RBML) on Tuesday launched the first Jio-bp branded mobility station in Navi Mumbai, Maharashtra. The joint venture between Reliance Industries (RIL) and global oil major bp is planning to set up a network of…