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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…
Piyush Goyal attacks Amazon over predatory pricing
NEW DELHI: Minister of Commerce and Industry Piyush Goyal on Wednesday made no bones about his ‘disapproval’ of the predatory pricing practices adopted by US e-tailer Amazon.
Speaking at an event in New Delhi on the impact of e-commerce…
China tech giant Xiaomi posts solid quarterly sales growth
Beijing: Chinese smartphone and household tech giant Xiaomi on Wednesday announced solid revenue growth for the second quarter of the year, despite sluggish consumption in the world's second-largest economy.
The brand's presence is…
Australia greenlights world’s ‘largest’ solar hub
SYDNEY: Australia approved on Wednesday plans for a massive solar and battery farm that would export energy to Singapore, a project billed as the "largest solar precinct in the world".
Authorities announced environmental approvals for…
ट्राइडेंट ग्रुप ने 2,000 युवाओं की भर्ती और प्रशिक्षण के लिए तक्षशिला कार्यक्रम शुरू किया
महिला, ग्रामीण परिवार, रक्षा सेवा के दिग्गजों, राष्ट्रीय खिलाड़ियों को कौशल विकास और रोजगार प्रशिक्षण में विशेष वरीयता
CCI raises concern over cricket broadcast rights
NEW DELHI: The Competition Commission of India (CCI) is said to have raised preliminary concerns that the $8.5 billion merger of Reliance and Walt Disney media assets might harm competition due to their power over cricket broadcast rights.…
Single-digit pay hike in IT new reality
BENGALURU: Last week when Nasdaq-listed Cognizant rolled out an increment to employees after a four-month delay, it had to face criticism on social media as wage hike starting as low as 1%.
Soon, the company in a statement said the merit…
आरईसी लिमिटेड ने 55वीं वार्षिक आम बैठक आयोजित की; अपनी पहली सस्टेनेबिलिटी रिपोर्ट जारी की
निदेशक मंडल ने ग्लोबल रिपोर्टिंग इनिशिएटिव, यूनिवर्सल स्टैंडर्ड्स 2021 के साथ संरेखित आरईसी की पहली सस्टेनेबिलिटी रिपोर्ट जारी की
RECPDCL Hands Over 2 SPVs on Renewable Energy projects in Rajasthan by PGCIL
Gurugram: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the Ministry of Power, handed over two project specific SPVs (Special Purpose Vehicles). namely, Rajasthan…
At $242 billion, India 12th largest holder of US treasuries in June
MUMBAI: Given the high yields that the US government debt has been offering since the interest rates there peaked to a multi-decadal high, the Reserve Bank has been ramping up its investments in the world’s most sought-after public debt…
Centre finishes Digital Personal Data Protection Act draft rules, public consultation soon.
NEW DELHI: The government has finalised the rules for the Digital Personal Data Protection (DPDP) Act and will release them soon for public consultation, said Electronic and Information Technology Minister Ashwini Vaishnaw on Monday.
The…
India must create up to 148 million jobs by 2030, says IMF official
NEW DELHI: India needs to create an additional 148 million jobs by 2030 given the population growth, IMF’s First Deputy Managing Director Gita Gopinath said on Saturday.
“If you look at India’s projections in terms of population growth,…
FM calls for reforms in multilateral development banks at Global South Summit
NEW DELHI: Finance minister Nirmala Sithraman has called for views on actions needed to reform multilateral development banks (MDBs), and how the global south can collaborate better to raise the issue of debt distress faced by the low…
Top five discount brokers control 64.6 per cent of NSE volume in July
MUMBAI: Discount brokers continue to chip away market shares from traditional and full-service brokerages by increasing their market share to 64.6 per cent in July from the 58.1 percent last year..
Meanwhile, brokerages added 4.5 million…
Windfall tax on crude petroleum reduced to Rs 2,100 per tonne
NEW DELHI: The government has slashed windfall tax on domestically produced crude oil to Rs 2,100 per tonne, from Rs 4,600 per tonne with effect from Saturday.
The tax is levied in the form of Special Additional Excise Duty (SAED). The…
Buyback tax rules inequitable: Industry
NEW DELHI: Industry representatives have recently submitted representations to the finance minister, urging a reconsideration of new taxation rules concerning the buyback of shares. The 2024 Union Budget imposed up to a 39% tax on…
