Browsing Category
Business News
Recovering Fortunes: Yes Bank sees signs of reaching pre-Covid levels soon
Mumbai: Private lender Yes Bank has witnessed internal as well as external indicators of fast-paced economic recovery leading to pre-Covid operational levels.
The bank's own financial performance has improved drastically. It has again…
Worldwide IT spending to grow 6.2% in 2021: Gartner
San Francisco: After a decline in the pandemic-hit 2020, worldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2 per cent from the previous year, according to the latest forecast by Gartner on Monday.…
FM wraps up pre-Budget consultations, over 170 take part in 15 virtual meetings
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday concluded pre-budget consultation meetings for budget 2021-22 held in virtual mode.
More than 170 invitees representing 9 stakeholder groups participated in 15 meetings…
Nissan, Datsun cars to cost 5% more from Jan 1
Chennai: Car maker Nissan Motor India Pvt Ltd on Wednesday said it will increase the prices of all its models by five per cent effective from January 1, 2021.
In a statement issued here, the company said the price hike will be applicable…
Govt may go in for legal challenge to Vodafone, Cairn arbitration outcomes
New Delhi: The Indian government may mount a challenge against the arbitration awards passed against it over retrospective taxation levy on Cairn Energy and Vodafone Group.
Sources privy to the development said that as both the…
PSU asset monetisation likely to get fillip in Budget FY22
New Delhi: The pandemic has created severe pressure on the government's coffers, thereby making asset monetisation and disinvestment the Centre's priorities to raise revenue.
Government's asset monetisation programme involving…
Cairn Energy wins arbitration award against India in tax dispute
New Delhi: British energy major Cairn Energy has won an international arbitration case against the Indian government over a tax dispute.
An international arbitration tribunal ruled that India's tax claim of Rs 10,247 crore in past taxes…
Pepsico to set up potato chips unit in UP
Lucknow: 'PepsiCo', the multinational food and beverages company is going to set up a new (greenfield) potato chips production unit in Uttar Pradesh with an investment of Rs 814 crore.
According to the government spokesman, the unit will…
Manappuram Finance raises Rs 400 cr through bonds
Mumbai: Manappuram Finance said on Tuesday that it has raised Rs 400 crore by issuing bonds on private placement basis.
In a regulatory filing, the company said that the Financial Recourse and Management Committee of its Board of…
Economic recovery progressing towards Q4 level of FY20: PHD Chamber
New Delhi: The continuous improvement in the key economic and business indicators signals that the worst is behind us and expectations of a positive GDP growth at 0.1 per cent to 2 per cent in Q3 and 2 per cent to 4 per cent in Q4 FY…
Buying triggers as UK’s mutant virus brings down stock prices
Mumbai: Healthy buying was witnessed at the country's domestic stock markets after concerns over a mutant strain of Covid-19 discovered in the UK dampened indices for the better part of Tuesday's trade session.
Resultantly, investors…
Sweden pushes ahead with 5G network building without Huawei amid icy relation with China
Stockholm , December 23 (ANI): Amid deteriorating relations with China, Sweden has decided to build its own 5G Network without Chinese firm Huawei.
The decision to exclude Huwaei was taken in the line of the latest public…
Wipro to takeover IT operations of German firm in $700m deal
Bengaluru: Global software major Wipro on Tuesday announced that its is taking over the IT operations of German food services firm Metro AG in a $700 million (Rs 5,171 crore) deal.
"As a part of the transaction, Wipro will take over the…
GST compensation shortfall: 8th tranche of Rs 6K Cr released to states
New Delhi: Ministry of Finance has released the 8th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
Out of this, an amount of Rs 5,516.60 crore has been released to 23 States and an amount of Rs…
Prices of precious metals rise, silver futures surge 3%
Mumbai: Prices of precious metals rose on Monday, with futures of silver surging over 3 per cent on the Multi-Commodity Exchange (MCX).
The March contract of silver on the MCX is currently trading at Rs 70,479, higher by Rs 2,572 or 3.79…
Govt looks to advance 20% ethanol blending with petrol
New Delhi: The Central government has proposed to advance the deadline for blending 20 per cent ethanol in petrol from the earlier announced 2030.
Sources said that the deadline may now be advanced to 2025 or as early as 2023 to allow…
FICCI wants abolition of anti-profiteering provisions
New Delhi: Industry body FICCI has called for abolition of anti-profiteering provisions in the GST law to allow market forces to determine prices of goods and service.
The plea has been made in a set of pre-Budget recommendations…
Zomato partners with InCred on credit to restaurant partners
New Delhi: There is good news for Zomato's restaurant partners as the food-tech unicorn on Monday said it has entered into a strategic partnership with fintech lender InCred for "hassle-free" credit facilities.
The food delivery industry…
Currency Watch: Strong capital inflows to further strengthen rupee
New Delhi: Persistent foreign fund inflows on the back of bullish global cues will strengthen the rupee during the upcoming week, analysts said.
Besides, lesser intervention from the Reserve Bank of India is expected after it was called…
E-commerce major Amazon India adds 1.5 lakh sellers in 2020
NEW DELHI: E-commerce major Amazon India on Sunday said 1.5 lakh new sellers joined its platform this year, and over 70,000 Indian exporters in its global selling program have crossed USD 2 billion in cumulative exports.
Amazon India, in…
