Business News Updates

New Delhi: As part of efforts to bring parity in taxation on agro-inputs, the Department of Chemical and Petrochemicals has approached the Finance Ministry for reducing GST on pesticides from 18 per cent to 5 per cent. Along with fertilisers, pesticide is also an important agro input that helps in curbing pests and diseases on […]

Bhubaneswar: In a bid to improve customer experience with faster claims processing, settlement, reduction in disputes and reduction in fraud, IRDAI (Insurance Regulatory Authority of India) has issued a circular to all insurance companies. In the circular, IRDAI has advised all insurance companies for issuance of digital insurance policies via DigiLocker. The Circular states, “In […]

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that the government, undeterred by the COVID-19 pandemic, has been pursuing reforms for achieving sustained long-term growth in a bid to make India one of the top economies of the world in the coming decades. Replying to debate on Budget 2021-22 in Lok Sabha, she said, […]

Mumbai: Foreign portfolio investments (FPI), which have touched record highs amid the pandemic, have continued to pour into the Indian equity market post the Union Budget for FY22. Net FPI inflow into equities in the month of February has been Rs 20,593 crore, as per NSDL data. Since January, FPIs have invested over Rs 39,000 […]

Mumbai: With the government planning to introduce an official digital currency, industry body Internet and Mobile Association of India (IAMAI) on Monday said that the move need not necessarily lead to a “ban” on other crypto assets. Fiat digital currency serves a totally different purpose than the other crypto currencies in India and both of […]

New Delhi: The Indian stock markets are on fire, mirroring the global markets which rose for the 11th consecutive day as foreign portfolio investors (FPI) inflows in February have exceeded that of January. S. Ranganathan, Head of Research at LKP Securities said that bulls powered indices to new highs as FPI flows till date in […]

New Delhi: E-commerce and technology major Amazon will soon start manufacturing of its electronics products including the ‘Fire TV’ stick in India. After a virtual conversation with Amit Agarwal, Global Senior Vice President of Amazon and Country Head for India and Chetan Krishnaswamy, Vice President, Public Policy of Amazon India on Wednesday, the Union Minister […]

New Delhi: Amazon Founder Jeff Bezos is back as the world’s richest person after Tesla shares fell, resulting in a slight erosion in Elon Musk’ wealth. Tesla shares were down 2.4 per cent on Tuesday and Musk lost $4.6 billion, slipping to the second position on the Bloomberg Billionaires Index, a ranking of the world’s […]

New Delhi: Petrol and diesel prices maintained its northward rally on Wednesday, the ninth consecutive day, when its retail prices have risen across the country, with global oil market on the boil and both crude and product prices seeing a major spike. Accordingly, oil marketing companies raised the pump price of petrol and diesel by […]

New Delhi: Even as filling-up a full tank of petrol is fast becoming a pipe dream for many, the alternative as well as futuristic electric powered vehicles seem to offer better running price realisation. However, caveats apply, especially when the charging time and state-wise electric unit price is applied. The calculation takes into account the […]

New Delhi: Petrol and diesel prices maintained its northward rally on Friday, the eleventh consecutive day when its retail prices rose across the country, with the global oil market remaining stable but firm. Accordingly, oil marketing companies raised the pump price of petrol by 31 paise and diesel by another 33 paise per litre in […]

New Delhi: The Finance Ministry had released the 17th weekly instalment of Rs 5,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,730.41 crore has been released to 23 States and an amount of Rs 269.59 crore has been released to the three Union Territories (UT) […]

New Delhi: Petrol and diesel prices have begun to pinch consumers harder with oil marketing companies (OMCs) reserving the weekend for effecting the steepest hike in last several months. Accordingly, the price of petrol and diesel were raised by 39 paisa and 37 paisa per litre respectively in Delhi on Saturday. With this increase, petrol […]

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that the Union Budget 2021-22 has assured clarity and certainty on policy, taxation, infrastructure capex and privatization and now it is entirely up to the private sector to invest and expand capacity for long-term and sustainable economic growth. “I have been waiting for investment and expansion […]

New Delhi: The Modi government is now planning to work on mission mode to reduce the dependence of the country on edible oil imports, under which it would be increasing production of edible oil from various sources along with spreading public awareness for economical consumption of oil. According to experts, the objective of this new […]