Business News Updates

Mumbai: Market benchmarks Sensex and Nifty opened at record peaks on Monday tracking strong quarterly results by index heavyweights Reliance Industries and HDFC Bank. After rallying over 300 points to hit a fresh lifetime high of 42,273.87, the 30-share BSE index pared gains to trade 31.32 points or 0.07 per cent higher at 41,976.69. Similarly, […]

New Delhi: Finance Minister Nirmala Sitharaman on Monday kicked off the countdown to the Union Budget on February 1 by joining the ‘Halwa’ ceremony and with this, the Budget paper printing starts under utmost secrecy. Sitharaman, MoS (Finance) Anurag Thakur participated in the ‘Halwa’ ceremony on Monday, which was held at the Finance Ministry in […]

Chennai: Finance Minister Nirmala Sitharaman has said the government’s earnest attempt was to decriminalise everything that has to do with Companies Law or related acts as part of initiatives towards a USD 5 trillion economy. She said the government does not want a law that could treat every business house with suspicion. Delivering the Nani […]

New Delhi: Ahead of the January 23 deadline, Bharti Airtel, Vodafone Idea and Tata Teleservices have approached the Supreme Court seeking modification in its verdict in the Adjusted Gross Revenue (AGR) matter where they have sought court permission to negotiate with DoT on the payment schedule. A source said: “The companies are seeking more time […]

United Nations: India was among the top 10 recipients of Foreign Direct Investment in 2019, attracting USD 49 billion in inflows, a 16 per cent increase from the previous year, driving the FDI growth in South Asia, according to a UN report released on Monday. The Global Investment Trend Monitor report compiled by United Nations […]

Davos: The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and listed the country’s much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years. In October, the International Monetary Fund (IMF) had pegged India economic growth at 6.1 per cent […]

New Delhi: Zomato on Tuesday announced it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in Deepinder Goyal-led food delivery platform. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato […]

Chennai: The Boards of three public sector general insurance companies – National Insurance Company, Oriental Insurance Company and United India Insurance Company – have formally given their nod for their amalgamation, as was announced by the central government earlier. The Boards of Oriental Insurance and United India Insurance met in Delhi on Friday, while the […]

New Delhi/Washington: While China will overtake the United States as the largest economy in the world by 2040, India will be a distant third contributor to the global GDP. This…

Mumbai: Market benchmark Sensex jumped over 200 points on Wednesday tracking gains in index heavyweights HDFC twins, Infosys and Reliance Industries as global stocks recovered from the previous day’s losses. The 30-share BSE index was trading 204.30 points or 0.49 per cent higher at 41,528.11. Similarly, the broader NSE was trading 46.70 points, or 0.38 […]

New Delhi: India Ratings and Research on Wednesday said that it expects gross domestic product (GDP) to grow at 5.5 per cent in FY21. The agency’s forecast is marginal higher than the GDP growth of 5 per cent estimated by National Statistical Office for FY20. The current slowdown in economic activity, according to the agency is […]

New Delhi: In a major relief for small traders with an annual turnover of Rs 5 crore or less, the government on Wednesday announced the extension of the cut-off date for filing monthly GST returns by up to 4 days. While the return filing date for firms with an annual turnover of Rs 5 crore […]

New Delhi: Fuel prices dipped further on Thursday after slump in international crude oil rates following the outbreak of coronavirus in China. The price of petrol was cut by 17 paise and that of diesel by 19 paise a litre across all major cities on Thursday. The petrol now costs Rs 74.65 a litre in […]

New Delhi: On a day when the Supreme Court-mandated deadline for Bharti Airtel and Vodafone Idea to pay Rs 88,624 crore in past dues ended, the Department of Telecommunications (DoT) on Thursday decided not to take coercive action against defaulters during pendency of their appeals in the apex court for relaxations in the order. While […]

New Delhi: Point-of-sale payments solutions company Pine Labs on Friday announced an investment by global payments technology giant Mastercard. “This relationship is a great validation of the top-quality products that Pine Labs delivers to merchants,” Lokvir Kapoor, Founder and Chairman of Pine Labs, said in a statement. “Together, we have a unique opportunity to use […]