New Delhi: The government has completely eliminated the need to provide subsidy on domestic cooking gas as the global fall in oil prices and frequent rise in LPG gas cylinder price has brought the price of the common man’s fuel closer to market rates. As of September 1, the price of non-subsidised and subsidised 14.2 […]
New Delhi: The Covid-19-induced shrinking of economic activity for the past few months has continued to have an impact on the government’s tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological level of Rs 1 lakh crore to Rs 86,449 crore in August. This is second consecutive month […]
Mumbai: The National Company Law Tribunal (NCLT) has approved the sale of IL&FS’s education business, Schoolnet India Ltd, to Lexington Equity Holdings Ltd (LEHL). As per the deal, LEHL will service the entire debt of Schoolnet and will pay equity of around Rs 7.39 crore to IL&FS, the parent company. LEHL already holds a 26.13 […]
New Delhi: The twin children of billionaire Mukesh Ambani, Akash and Isha, have made it to the Fortune’s latest ’40 Under 40′ list of influential people around the world. The Ambani scions, who will celebrate their 29th birthday next month, feature in the technology section of the list where they have got company from India’s […]
Mumbai: The rupee witnessed high volatility in the opening session on Friday amid heavy selling in domestic equities and a rebound in the American currency. At the interbank forex market, the domestic unit opened on a strong note at 73.38 against the US dollar, then gained further to quote at 73.35. The local unit, however, […]
Mumbai: The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure. As announced by the RBI Governor, startups have been brought under the ambit of priority sector lending. Bank finance of up to […]
New Delhi: Even before bids for the first set of coal mines for commercial extraction get underway, the government has further revised the list of mines to be offered under the new route. Now a lower number of 38 coal blocks would go under the hammer to the private sector instead of 41 mines identified […]
New Delhi: Bharti Airtel on Sunday launched a new Airtel Xstream Bundle plans starting at Rs 499. The Xstream Bundle plans come with Airtel Xstream Fiber with speeds up to 1 Gbps, unlimited data, ‘Airtel Xstream Android 4K TV Box’ and access to all OTT content. The Airtel Xstream bundle offers complimentary access to premier […]
New Delhi: As the coronavirus pandemic and the eventual lockdowns have brought the multiplex industry to a grinding halt, PVR has deferred a significant portion of its capitatl expenditure (capex) plans and it will reassess them once the shutdown is over and its operations resume. Nitin Sood, Chief Financial Officer (CFO) of PVR has said […]
New Delhi: Telecom operator Vodafone Idea will offer its services under a new brand name Vi, as merger and integration of Vodafone and Idea has been successfully completed. In a statement, the company said that the coming together of the two brands has culminated into the largest telecom integration in the world. Launching the new […]
New Delhi: Flipkart, India’s leading homegrown e-commerce marketplace, Monday announced a strategic and commercial partnership with the Adani Group, India’s largest multinational infrastructure company. In this two-pronged partnership, Flipkart will…
Mumbai: Reliance Industries Limited (RIL) on Wednesday announced that Silver Lake will invest Rs 7,500 crore into its subsidiary Reliance Retail Ventures Limited (RRVL). The investment values RRVL at a pre-money equity value of Rs 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75 per cent equity stake in RRVL on a fully […]
New York: Netflix has promoted Indian American media leader Bela Bajaria to head its international TV operations as vice president for Global Television. Announcing her new position, Netflix co-CEO Ted Sarandos said on Tuesday: “Since joining Netflix in 2016, Bela has demonstrated her versatility and creativity – building out our unscripted team and helping to […]
Bengaluru: Online transactions saw a growth of 76 per cent in the first quarter of 2021 as compared to 2020, as tier 2 and 3 cities and towns continued to…
New Delhi: The Confederation of All India Traders (CAIT) has said that about 25 per cent small shops and businesses, totalling 1.75 crore, across the country are in a bad situation and on the verge of closure amid the pandemic. In a statement, the traders’ body said: “The domestic trade of India is suffering amid […]
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