Business News Updates

As per data provided by the National Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period. This was stated by Shri Anurag Singh Thakur, Union Minister of […]

Mumbai: The Indian equity market traded on a negative note during Wednesday’s post-noon trade session as mixed global cues ahead of the US Fed meet subdued investors’ sentiments. The two key indices opened on a flattish note and since then have traded in the negative zone. Globally, the US markets had closed Tuesday’s trade on […]

Mumbai: India has moved down 13 spots in the latest global home price index finishing last at 56th rank in the quarter ending December 2020, a research report from Knight Frank said on Thursday. According to the research report – Global House Price Index Q4 2020 – by the international property consultancy, against its 43rd […]

Mumbai: Fears of rising global inflation, along with domestic resurgence of Covid-19 infections, pulled down India’s key equity indices on Thursday. High US bond yields spooked investors, while rising Covid-19 infections in many states led the markets to close in the red for the fifth consecutive session. In the initial phase of day’s trade, both […]

New Delhi: GST rates are unlikely to witness any major changes during the extended run of the pandemic as the Centre and the states have agreed not to disturb the…

New Delhi: Airline major IndiGo on Friday said that it has partnered with on-demand platform CarterPorter to provide door-to-door baggage delivery service. The airline has commenced the service from April 1, in New Delhi and Hyderabad and will subsequently launch it in Mumbai and Bengaluru for delivery to and from home and airport. The airline […]

Bhubaneswar: The Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2021-22 (FY 2020-21). To facilitate taxpayers and minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms. Only the bare minimum changes necessitated […]

Geneva: At least 6 out of 10 people worldwide are likely to lose their jobs by 2025 as humans and machines will probably spend equal amounts of time at work, reveals a new report published by the World Economic Forum (WEF). The report was based on a survey of 32,000 workers conducted by the consulting […]

New Delhi: Banks might face incremental debt issuance challenges as new norms limiting composition of the Basel III bonds in overall asset under management (AUMs) could affect investment appetite of AMCs, ICRA said on Thursday. Recently, markets regulator SEBI issued a circular revising investment norms for debt mutual funds that invest in banks’ ‘Basel III’ […]

Mumbai: Resurgence of Covid-19 infections along with rising global inflation dampened the opening sentiments of India’s key equity indices on Friday. Accordingly, both the indices — the 30-scrip Sensitive Index (Sensex) of the BSE and the broader 50-scrip Nifty at National Stock Exchange (NSE) — had a gap down opening. Globally, Asian markets retreated as […]

New Delhi: The chemical sector is expected to grow at 1.2x-1.3x of the GDP multiplier in FY22, India Ratings and Research (Ind-Ra) said. Accordingly, the ratings agency has assigned the sector an improving outlook for FY22. It expects favourable market conditions across the broad chemical subsectors, along with a healthy rebound in end-user industries, following […]

Mumbai: Futures of precious metals continued their bearish trend on Monday with gold contracts on the MCX falling below the Rs 45,000 per 10 gram. The surge in US 10-year bond yields weighed on the futures of the yellow metal. The April contract of gold on the MCX is currently trading at Rs 44,888 per […]

New Delhi: The Delhi High Court on Monday stayed the recent single bench order upholding the Singapore Emergency Award (EA) and stalling Future Retail from going ahead with the Rs 24,713 crore deal with Reliance Retail. Chief Justice D.N. Patel and Justice Jasmeet Singh also stayed Rs 20 lakh fine and the show cause notice […]

New Delhi: In a relief to borrowers, the Supreme Court Tuesday directed that no compound or penal interest be charged during the six-month loan moratorium period announced last year amid the COVID-19 pandemic and the amount already charged shall be refunded, credited or adjusted. The apex court refused to interfere with the Centre’s and the […]

Mumbai: Equity benchmark Sensex jumped 280 points on Tuesday following gains in index majors HDFC Bank, ICICI Bank and Reliance Industries despite a weak trend in global markets. The 30-share BSE index ended 280.15 points or 0.56 per cent higher at 50,051.44. The broader NSE Nifty advanced 78.35 points or 0.53 per cent to 14,814.75. […]