Business and financial news
Gandhinagar: Union Finance Minister Nirmala Sitharaman on Saturday said that a comprehensive legal framework for accounting and taxation professionals will soon be in place to enable them to provide services to the world, making GIFT City the global hub for accounting and financial back-office functions.
New Delhi: The government has imposed a 40 percent duty on the import of onion till December 31, the Ministry of Finance said on Saturday.
Mumbai: Barclays Plc on Friday announced the appointment of new executives to its top management in India, which is a major overseas market for the lender.
Mumbai: The Competition Commission of India (CCI) has imposed a penalty of Rs 40 lakh on Axis Bank for its failure to inform the regulator about its acquisition of a stake in CSC e-Governance, media reports said.
Mumbai: Binny Bansal, who recently divested his remaining stake in the e-commerce giant Flipkart, is actively working on launching a new startup, Moneycontrol reported.
New Delhi: Navratna public sector undertaking NLC India Ltd entered into Long Term Power Usage Agreement with Rajasthan Urja Vikas Nigam Ltd for the supply of 300 MW of Solar Power under the CPSU Scheme at Rajasthan, the Ministry of Coal said on Friday.
New Delhi: Moody's Investors Service on Friday affirmed its Baa3 rating for India and upheld the stable outlook, media reports said.
Kolkata: Axis Bank on Thursday announced the launch of two lending products powered by the Public Tech Platform for Frictionless Credit (PTPFC), introduced by the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI.
Hyderabad: Mercedes-Benz has invested 12 million euros (Rs 100 plus crore) in to manufacture in India its best-selling five-seater SUV, the GLC.
Mumbai: The Reserve Bank of India (RBI) on Friday released comprehensive guidelines for the recalibration of interest rates for equated monthly installments (EMIs) in floating interest loans.
R K Singh, Union Minister of Power, New and Renewable Energy, on Friday, dedicated the 660 MW Unit#2 of Barh Super Thermal Power Project at Barh in Patna, Bihar.
Bajaj Finance Limited, a Non-Banking Financial Company, and part of Bajaj Finserv, on Friday said its Fixed Deposits book had crossed a milestone of Rs. 50,000 crore.
InsurTech major, RenewBuy has closed US$ 40 million fund raise, in a series D funding round; from Japanese insurance major, Dai-ichi Life Holdings Inc.
Ice Make Refrigeration Limited, a prominent manufacturer of more than 50 refrigeration equipment in India, said it registered strong financial results for the first quarter of FY 2024, ending on June 30, 2023.
Bandhan Mutual Fund announced the launch of the Bandhan Nifty IT Index Fund, an open-ended equity scheme tracking Nifty IT index, with an aim to capture the growth potential of the Indian Information Technology (IT) sector.
Shyam Metalics and Energy Limited (SMEL), an integrated metal-producing company headquartered in Kolkata, recently announced the appointment of Shashi Kumar and Malay Kumar De as the new members of its Board of Directors as Additional Directors in the capacity of Independent Directors.
Shriram Asset Management Company, part of the Shriram Group, will launch the Shriram Multi Asset Allocation Fund on Friday.
Fixed deposit accounts have been great investment tools for Non-Resident Indians (NRIs) seeking stability and predictable returns. These accounts offer a secure way to grow your money while keeping it easily accessible. However, before you embark on your investment journey, it's crucial to understand the tax implications and repatriation rules associated with NRI fixed deposits. In this comprehensive guide, we will explore the considerations for NRIs looking to invest in fixed deposits.
New Delhi/IBNS: Ed-tech platform Unacademy has triggered a row sacking one of its tutors for urging students to "vote for educated candidates" in the elections of the country.
Mumbai: Bank of Baroda on Thursday announced the launch of 251 new Gold Loan Shoppes across the country.
Hair colour manufacturer Godrej Consumer Products Ltd (GCPL) has launched a new shampoo hair colour brand ‘Godrej Selfie’ at Rs 15.
Mumbai: Non-banking financial company (NBFC) Vivriti Capital Ltd on today announced its first public issue of non-convertible debentures (NCDs) on Friday (Aug 18) to raise up to Rs 500 crore.
Mumbai has been ranked as the most expensive Indian city to live in India, as per a news report released by leading property consultant Knight Frank India.
New Delhi: The government is considering selling a portion of its stake in the state-owned Indian Railway Finance Corp (IRFC) during the current fiscal year through an offer for sale (OFS), a report in the media said.
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
Chennai: Automobile major Hyundai Motor India Ltd (HMIL) on Wednesday signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets of General Motors India’s (GMI) Talegaon plant in Maharashtra.
Mumbai: Grounded airline Go First is witnessing a high rate of attrition amid its attempts to restart operations, media reports said.
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved PM e-Bus Sewa on Wednesday with an estimated cost of Rs 57,613 crore.
New Delhi: Noting that global slowdown and erratic monsoon could affect the direction of industrial growth in coming months, rating and research firm Crisil on Wednesday said that the Indian economy would grow at 6% in the current financial year.
Riding on the efforts of Jamge Integrated Village Cooperative Society (IVCS) and the State government, pineapples from Meghalaya are currently being exported to Abu Dhabi.
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