Business News

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…

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…

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…

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…

NEW DELHI: In a major bureaucratic reshuffle, the government has changed several secretaries in the Ministry of Finance and Ministry of Commerce. The government has also appointed Manoj Govil, currently secretary in the Ministry of…

MUMBAI: Ecom Express, which claims to be the only domestic pure-play B2C e-commerce logistics solutions provider, has filed for an initial share sale worth Rs 2,600 crore with the regulator Sebi. According to the draft papers, the issue…

MUMBAI: Equity benchmark indices Sensex and Nifty surged in early trade on Friday following a sharp rally in global markets along with buying in IT stocks and Reliance Industries. The 30-share BSE Sensex jumped 805.96 points to 79,911.84…

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) is considering revisiting the restrictions placed on foreign direct investment (FDI) from China as part of a broader evaluation of the country’s foreign…

NEW DELHI: In a first such instance, state-owned Coal India Limited (CIL) will be liable to pay a penalty if it fails to supply coal to consumers through e-auction. Until now, only buyers faced penalties for not lifting the full quantity…

NEW DELHI: Prime Minister Narendra Modi announced that many global companies are eager to invest in India, with the nation poised to become a global leader in semiconductor production. In his speech from the Red Fort, Modi emphasised the…

Chennai— Power sector Maharatna  PFC Chairperson Smt. Parminder Chopra,  inaugurated a state-of-the-art Anatomy laboratory at the Department of Medical Sciences and Technology, Indian Institute of Technology Madras (IIT Madras) on Tuesday.…

NEW DELHI: Many Vodafone Idea Limited (VIL) customers are porting to the state-owned Bharat Sanchar Nigam Limited (BSNL) following a tariff increase by telecom companies in July 2024, said Vodafone Idea's Chief Executive Officer, Akshaya…

Mumbai: In an interesting study, Indian Institute of Management Lucknow researchers have decoded the success strategies of unicorn startups -- companies that surpass a billion-dollar valuation. The findings reveal that startups led by…

New Delhi: Higher ticket sales offset the massive fall in profit margin and boosted the net income of the rail ticketing monopoly Indian Railway Catering and Tourism Corporation (IRCTC) by 33.3 percent on year to Rs 308 crore for the June…

The advisory was issued because during continuous coverage of calamities for several days, the same footage is repeated instead of the real-time ground situation causing confusion among viewers.

The latest version of the bill now withdrawn, is reported to have proposed comprehensive regulations on independent news creators or influencers on social media platforms.

Gurugram : Vivek Kumar Dewangan, IAS, CMD, REC Limited was honoured with  'Distinguished Fellow' Award at the 2024 Director's Conclave & 34th IOD Annual Day. The Institute of Directors organized this event to recognize and honor the…

CHENNAI: Short-seller Hindenburg Research is at it, promising 'something big soon' in India again. The announcement came in an early morning India time tweet. The tweet has gone viral and elicited a range of responses. Hindenburg has…

New Delhi: India's foreign exchange reserve has touched a new high at $674.91 billion for the reporting week to August 2, ratcheting up a good $7.53 billion in the reporting week, indicating a robust external sector performance, according…

Sebi_building-PTI_1-Mumbai: The Securities and Exchange Board of India (Sebi) has urged pension funds and insurers to support municipal bond issuances to help develop this nascent market so that fund-starved civic bodies can be helped.…