Business News Updates

New Delhi: Rs 2,000 currency notes have not been printed in the last two years even as the quantum of India’s highest denomination currency note has come down, the Lok Sabha was informed Monday. In a written reply, Minister of State for Finance Anurag Singh Thakur said 3,362 million currency notes of Rs 2000 denomination […]

New Delhi: The Finance Ministry has released the final weekly instalment of Rs 4,104 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,086.97 crore has been released to 23 states and Rs 17.03 crore to 3 Union Territories with Legislative Assemblies. With the current release, 100 […]

New Delhi: With Union Finance Minister Nirmala Sitharaman saying that all windows on cryptocurrencies will not be closed down, industry stakeholders on Monday said that a positive move at this point can unleash a host of opportunities for the country. Her comments at an India Today conclave last week came amid speculation that the government […]

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said in the Rajya Sabha that fund under the Members of Parliament Local Area Development Scheme (MPLADS) for 2019-20 have been cleared. TRS MP B Lingaiah Yadav had raised the matter during the Zero Hour in the House. Responding on the issue, Sitharaman said several MPs from […]

Bhubaneswar: The Reserve Bank Of India (RBI) has decided to extend the Cheque Truncation System (CTS) across banks in the country. Earlier, the RBI had announced pan-India coverage of CTS by bringing all branches of banks in the country under an image-based CTS clearing mechanism. As per the latest notification, the CTS is in use […]

New Delhi: After buses and passenger cars, automobile giant Tata Motors might soon roll-out an electric variant of its small commercial vehicle. In a conversation with IANS, Girish Wagh, President, Commercial Vehicle Business Unit of Tata Motors said the company has participated in ‘FAME Phase I’ scheme for electrification of buses. Centre had introduced the […]

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’ […]