Business News Updates

GDP
Investing Less Than 1% Of World GDP In Nature Can Tackle Climate Change

A total investment of $8.1 trillion in nature is required over the next three decades to successfully tackle the climate, biodiversity, and land degradation crises, according to the State of Finance for Nature report. This amounts to $536 billion a year by 2050.

BPCL
Govt Looks At Exit Option While BPCL Seeks Open Offer Exemption

Privatisation bound Bharat Petroleum Corporation Ltd is seeking exemption for successful bidder of the company from mandatory open offer to be made to shareholders of two promoted companies - Petronet LNG and Indraprastha Gas Ltd.

India's Economic Growth
Barclays Cuts India's FY22 Growth Forecast To 9.2

As India battles the severe second wave of Covid-19 and the states undergo lockdowns, Barclays has cut its growth estimate for India for the current financial year to 9.2 per cent from its earlier estimate of 10 per cent.

Mehul Chokshi
Fugitive Businessman Mehul Choksi Goes Missing: Antiguan Police

Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,500 crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he has been staying since January 2018, the Royal Police Force of the Caribbean island nation said in a statement.

Dominos
Data Of 18 Crore Domino's India Users Out On Dark Web: Researcher

After a hacker made 13TB data of nearly 18 crore orders of Domino's India with key details public on the Dark Web, cyber security researchers on Monday stressed on the need for organisations handling end-user data to invest more in cybersecurity solutions and practices that will enhance their security posture.

Amazon Announces To Shut Down Prime Now App
Amazon Announces To Shut Down Prime Now App, Know Details

The company said that in India, Japan and Singapore, it has already moved the Prime Now experience onto Amazon and retired the Prime Now app and website.

Indian Economy To Contract By 10.3% In 2020, To Bounce Back With 8.8% Growth In 2021: IMF
IMF Proposes $50 Billion To Fight Covid-19 Pandemic

The International Monetary Fund (IMF) has proposed $50 billion to speed up vaccinations, boost testing and tracing, and maintain adequate stocks of therapeutics, urging coordinated global action to end the Covid-19 pandemic.

RBI
RBI To Transfer Rs 99,122 Crore As Surplus To Centre

The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the Centre for nine months ended March 31, 2021.

IT Department To Launch New Taxpayer-Friendly e-Filing Portal Soon
IT Department To Launch New Taxpayer-Friendly e-Filing Portal Soon

The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers, ministry of finance said in a statement.

Relief For Taxpayers: Govt Further Extends Tax Compliance Timelines, Check Details
Relief For Taxpayers: Govt Further Extends Tax Compliance Timelines, Check Details

The Central Board of Direct Taxes (CBDT) has now extended the due date for furnishing of Return of Income for the Assessment Year 2021-22, which is 31 July, 2021 by couple of months to 30 September, 2021.

FM Sitharaman Asks CCI To Take Extra Care & Ensure Market Processes Are Not Undermined
FM Sitharaman Asks CCI To Take Extra Care & Ensure Market Processes Are Not Undermined

The CCI has the mandate to ensure fair competition in the market across sectors and also has powers to clamp down on anti-competitive practices.

Sensex Recaptures 50,000 Mark, Gold Gains Rs 333
Sensex Recaptures 50,000 Mark, Gold Gains Rs 333

Equity benchmark Sensex rallied 613 points to settle above the 50,000-mark on Tuesday. Meanwhile, gold rose by Rs 333 to Rs 47,833 per 10 gram

Pension
Pensioners May Be Allowed To Withdraw Their Entire Contribution To NPS With A Higher Threshold

Retired persons looking to use their pension fund money for meeting family emergencies or for making investments into better return yielding instruments would soon be permitted withdraw their entire lifetime contributions.

Sensex Tumbles 599 Pts, Gold Declines Rs 217
Equity Indices Open In Green, Sensex Reclaims 50,000 Mark

The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex reclaiming the 50,000 mark.

ONGC
India Loses ONGC Videsh Ltd-discovered Farzad-B Gas Field In Iran

India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company.

scrollToTop