Business News

New Delhi: India's Budget '22 proposals to relax foreign-ownership caps on insurers and listing of LIC will help the industry attract foreign capital, strengthen solvency and promote competition, Fitch Ratings has said. Besides, the ratings…

New Delhi: The country's largest iron ore producer NMDC has reported a 53 per cent jump in its net profit in the October-December quarter on the back of smart recovery in both production and sales that beat market expectations on account of…

New Delhi: Vehicle registrations in January 2021 declined 9.66 per cent on a year-on-year (YoY) basis. On Tuesday, data released by the Federation of Automobile Dealers Associations (FADA) showed that over 15.92 lakh vehicles were…

New Delhi: The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, have unearthed a multi-layered network of fictitious firms being used by their operators to generate and pass on fake ITC (input tax credit).…

Beijing, Feb 9 (IANS) Huawei Founder and CEO Ren Zhengfei on Tuesday urged the new US administration to adopt a more "open policy" towards Chinese companies, while he also expressed his desire to talk to President Joe Biden. This is the…

Seoul/New Delhi: Hyundai Motor and its affiliate Kia said on Monday they are not in talks with Apple over an electric car manufacturing project in response to reports of their suspended discussions. In separate regulatory filings,…

New Delhi: Energy major ONGC will implement India's maiden 'Geothermal Field Development Project' in Ladakh. A memorandum of understanding to formalise the plan has been inked between the ONGC Energy Centre (OEC) and the Union Territory…

New Delhi: India's January air travel growth slowed sequentially due to higher capacity, ratings agency ICRA said on Monday. According to ICRA Vice President Kinjal Shah, the passenger load factor (PLF) last month was lower than 74 per…

Moscow, Feb 9 (Sputnik) The price of the most popular cryptocurrency, bitcoin, for the third time in several hours broke a historical record to reach a new all-time high above $47,000, according to trading data. On Binance, the largest…

New Delhi: More promoters have pledged their shares in during the pandemic to provide additional security on their loans from banks in the absence or run down of other assets. According a report by Kotak Institutional Equities, value…

New Delhi: India's risk-based internal audit requirement for non-banking finance companies is credit positive, Moodys Investors Service said. The Reserve Bank of India (RBI) issued guidelines for the country's largest non-banking…

New Delhi: Government's more transparent stand in terms of its accounts has resulted in country's fiscal deficit taking a longer glide path towards consolidation. According to a research report by Crisil, with off-budget expenditures…

Mumbai: Visa on Monday announced the recipients of its grant programme in India to boost women entrepreneurship globally and empower budding businesswomen. As part of Visa's first global grant programme in partnership with…

New Delhi, Feb 7:  Hailing the Union Budget 2021-22, Railway Minister Piyush Goyal on Sunday said that this Budget is the foundation stone for making the country "future-ready".  Addressing a press conference at the Delhi BJP office as…

New Delhi, Feb 6 (UNI) Four more states have undertaken 'Ease of Doing Business' reforms stipulated by the Department of Expenditure, Ministry of Finance. These states have become eligible to mobilise additional financial resources and…

HYDERABAD: India now has forex reserves of over USD 590 billion, the highest ever, up by USD 119 billion over the previous year, while the external debt is USD 554 billion, making the country a "net creditor", Minister of State for Finance…

NEW DELHI: JK Cement Ltd on Saturday reported an increase of 74.82 percent in its consolidated net profit to Rs 217.28 crore for the third quarter ended December 2020. The company had posted a profit of Rs 124.29 crore in the…

NEW DELHI:  Homegrown auto major  Mahindra & Mahindra (M&M) on Friday reported a 6 per cent year-on-year decline in consolidated profit after tax due to  discontinued operations. Net profit after tax stood at Rs 159.6 crore for the…

New Delhi: The Indian government's support measures for bank borrowers have softened growth in non-performing loans (NPLs), averting the risk of a sharp deterioration in asset quality, according to Moody's Investors Service in a new report.…