Browsing Category
Business News
Cabinet approves Rs 4,136 crore to harness hydropower potential of North East
NEW DELHI: The government on Wednesday approved a proposal of the Ministry of Power to provide Central Financial Assistance (CFA) to the North Eastern Region (NER) state governments with an outlay of Rs. 4,136 crore for their equity…
3 cr accounts to be opened in ’25 under Jan Dhan Yojana: FM
NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said that nearly 3 crore new accounts will be opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) during the current financial year.
Launched by Prime Minister Narendra Modi…
CCI approves Reliance-Disney India $8.5 billion merger
New Delhi: The Competition Commission of India (CCI) has approved the merger between Reliance Industries Ltd (RIL) and Disney's Indian media assets, thus paving the way for the creation of a $8.5 billion broadcasting empire that would be…
PowerGrid Corpn. Acquires Bhadla-III Power Transmission Limited
Gurugram: Power Grid Corporation of India Limited, a Maharatna CPSU under Ministry of Power has today acquired the Project Special Purpose Vehicle Bhadla-III Power Transmission Limited for establishing the transmission system associated…
Road developers’ revenue growth to be in the range of 5-7 per cent in next two years
Road developers have clocked an average 13 percent revenue growth each year in the past five years.
REC to fund Rs 45,000 crore for JN Port’s expansion projects
MUMBAI: The Maharana public sector non-bank lender REC has signed an agreement with the Jawaharlal Nehru Port Authority (JNPA) to finance up to Rs 45,000 crore for the nation’s largest container port’s various upcoming projects, which…
Heavy GST penalties on co executives face legal scrutiny
NEW DELHI: The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued thousands of notices to various companies, as well as their directors and promoters, regarding the wrongful availment of input tax credit (ITC),…
Tax department made Rs 1.57 lakh crore refunds so far, says official
New Delhi: The Income Tax Department of the Ministry of Finance has processed refunds worth Rs 1.57 lakh crore so far, according to a top Government official. According to him, tax refunds are being processed in batches based on the order…
REC signs MoU with JNPA for financing Rs. 45,000 Cr
New Delhi: REC Limited, Maharatna PSU and a leading NBFC, signed an MoU with Jawaharlal Nehru Port Authority (JNPA) for financing upto Rs. 45,000 Cr for various upcoming projects of JNPA, which includes development of Vadhavan Port, says a…
Economists predict growth rates for June quarter from 6% to 7%
MUMBAI: Ahead of the official release of June quarter growth numbers next week, economists have offered differing forecasts, with rating agency Icra pegging the lowest at 6% and German brokerage Duestche Bank at the highest at 7% and…
Telecom players meet Scindia to discuss regulations on OTT platforms
NEW DELHI: Telecom minister Jyotiraditya Scindia recently met with top telecom service providers to discuss the regulation of Over-the-Top (OTT) communication services.
The meeting included Vodafone Idea CEO Akshaya Moondra, Reliance Jio…
FM to issue circular on GST Amnesty Scheme in October or November
NEW DELHI: The Ministry of Finance will soon issue a circular regarding the much-anticipated goods and services tax (GST) Amnesty Scheme, which was recently proposed in the Budget 2024, as per sources.
The scheme aims to provide relief…
ਗ੍ਰੇਟਰ ਚੰਡੀਗੜ੍ਹ ਖੇਤਰ ਭਾਰਤ ਦਾ ਅਗਲਾ ਸਟਾਰਟਅੱਪ ਪਾਵਰਹਾਊਸ ਬਣਨ ਲਈ ਤਿਆਰ~ਸੀਆਈਆਈ ਚੰਡੀਗੜ੍ਹ
ਚੰਡੀਗੜ੍ਹ: ਗ੍ਰੇਟਰ ਚੰਡੀਗੜ੍ਹ ਰੀਜਨ (ਜੀਸੀਆਰ) ਆਪਣੇ ਆਪ ਨੂੰ ਰਣਨੀਤਕ ਸਥਾਨ, ਵਿਸ਼ਵ ਪੱਧਰੀ ਬੁਨਿਆਦੀ ਢਾਂਚੇ ਅਤੇ ਪ੍ਰਮੁੱਖ ਯੂਨੀਵਰਸਿਟੀਆਂ ਦੇ ਬੇਮਿਸਾਲ ਟੇਲੈਂਟ ਪੂਲ ਦੇ ਵਿਲੱਖਣ ਸੁਮੇਲ ਨਾਲ ਭਾਰਤ ਵਿੱਚ ਤੇਜ਼ੀ ਨਾਲ ਇੱਕ ਪ੍ਰਮੁੱਖ ਸ਼ੁਰੂਆਤੀ ਸਥਾਨ ਵਜੋਂ ਸਥਾਪਿਤ ਕਰ ਰਿਹਾ ਹੈ। ਜਿਵੇਂ–ਜਿਵੇਂ ਇਹ…
PowerGrid Corpn. Acquires Sirohi Transmission and Beawar-Mandsaur Transmission Project SPVs
Projects to be completed in 24 months
Bangladesh owes USD800 million to Adani Power Ltd
NEW DELHI: Amid student-led protest in Bangladesh, Adani Power Limited, the power generating unit of Adani Group, has accumulated unpaid dues of up to $800 million from the country.
According to a report, Bangladesh Bank’s…
Sebi bans Anil Ambani from market for five years
MUMBAI: The markets watchdog Securities and Exchange Board (Sebi) has banned Anil Ambani and 24 others, including former key officials of Reliance Home Finance, from the securities market for five years charging them with fund diversion by…
Delhi HC appoints sole arbitrator in Ashneer Grover, BharatPe dispute
NEW DELHI: The Delhi High Court on Thursday ordered the appointment of a sole arbitrator to mediate the ongoing legal conflict between Ashneer Grover, former CEO of BharatPe, and the fintech firm itself. The arbitration aims to resolve…
India’s cement sector plans Rs 1.25 trillion capex over next two years
Mumbai: India's top cement makers are slated to undertake capital expenditure worth Rs 1.25 trillion over the next two financial years (2025-26 and 2026-27) to add 130 million tonne capacity. This significant capex plan is driven by healthy…
GST Council likely to take up Infosys case on September 9
New Delhi: The government is trying its best to address the issue of goods and services tax (GST) under the reverse charge mechanism for import of services in the upcoming GST Council meet to be held on September 9, sources privy to the…
‘India to miss 15% natural gas target’
NEW DELHI: India may not meet its target of increasing the share of natural gas in the country’s energy mix to 15% by 2030, according to Spencer Dale, group chief economist at BP plc.
Dale, speaking to the press on Wednesday, also…
