Business News

Mumbai: The capital market regulator Securities and Exchange Board of India (SEBI) has on Tuesday brought out a consultation paper on expediting the process of rights issues recommending the same as a preferred tool of fund raising. The…

निदेशक मंडल ने ग्लोबल रिपोर्टिंग इनिशिएटिव, यूनिवर्सल स्टैंडर्ड्स 2021 के साथ संरेखित आरईसी की पहली सस्टेनेबिलिटी रिपोर्ट जारी की

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…

MUMBAI: With the revival of the much-delayed rural consumption on the back of growing income, aggregate demand conditions are gathering momentum, which in turn will lead to the revival of private capex, says the RBI bulletin for July.…

NEW DELHI: The slow growth in bank deposits again came up for discussion as finance minister Nirmala Sitharaman raised the issue with the chief of public sector banks (PSBs) during a review meeting in New Delhi on Monday. During the…

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…

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…

Mumbai: Despite reporting a big surge in quarterly losses last week, Ola Electric has nearly doubled investors' money in just 10 days or six trading sessions. Defying all the precautionary notes issued by analysts about investing in the…

SRIPERUMBUDUR: Taiwanese electronics manufacturing giant Foxconn is working on plans to set up a battery energy storage system unit in India, its chairman Young Liu said here. With an eye on the electric vehicle segment, Foxconn has been…

NEW DELHI: In order to get India’s agro-products on the global stage, the Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the export of India's first ready-to-drink fig juice, made from GI-tagged…

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: Borrowing a leaf from their larger peers who have been wooing depositors with attractive pricing for medium-term fixed deposits of up to 7.30% return per annum, several mid-tier banks are now doing the same offering as much as 8.50%…

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…

NEW DELHI: State Bank of India, the country's biggest lender, has raised the Marginal Cost of Funds-based Lending Rate (MCLR) by 10 basis points (0.1 percentage point), across tenors, making most of the consumer loans costlier. This is the…

NEW DELHI: An American court has ordered Vedanta Group-backed Sterlite Technologies' overseas arm to pay USD 96.5 million, about Rs 810 crore, in damages to US-based Prysmian for violating trade secrets norms, according to a regulatory…

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…