Pandemic Triggers Covid Cess Hope For Fund Starved Govt

New Delhi, Jan 22 : Be ready to pay additional taxes this year as the fund starved government explores the levy of a new coronavirus cess or surcharge to mobilise...

Over 60% Haircut In Ftmf Shut Funds Is \'black Swan\' Event: Cfma

New Delhi, Jan 21 : Describing the over 60 per cent haircut in six shut debt funds of Franklin Templeton as a ‘Black Swan’ event for three crore unit-holders of...

Biden To Budget: Hopes Of Faster Recovery Powers Sensex Rise (4th Ld)

Mumbai, Jan 21 : Positive global cues and expectations of a healthy quarterly results along with that of a supportive Union Budget FY22 powered the ascent of India’s barometer index...

Covid Trigger For Bse Sensex\'s Biggest Bull Run

New Delhi, Jan 21 : In a perverse kind of way, the Coronavirus pandemic may be the best thing that happened to the Indian stock markets leading to one of...

Raging Bull: Sensex Crosses 50k, Global Cues, Budgetary Hopes Power Ascent (3rd Ld)

Mumbai, Jan 21 : Positive global cues and expectations of healthy quarterly results along with that of a supportive Union Budget FY22 powered the ascent of India’s barometer index —...

Bull Run: Sensex Mounts 50k, Global Cues Power Ascent (ld)

Mumbai, Jan 21 : Positive global cues along with expectations of healthy quarterly results and a supportive Union Budget FY22 powered the ascent of economic barometer the S&P BSE Sensex...

Sensex Breaches 50,000 For The First Time

Mumbai, Jan 21 : Day after Joe Biden’s inauguration as US President, the BSE Sensex on Thursday opened above the 50,000-mark in a landmark development as it crossed the psychological...

Sebi Approves Future-reliance Deal

New Delhi, Jan 20 : Despite exhortations by Amazon, markets regulator SEBI has approved the deal between Future Group and Reliance Industries.SEBI, in a letter issued on Wednesday, approved the...

Whatsapp Investment Tips\' Land Two In Trouble With Sebi

New Delhi, Jan 20 : Securities market regulator SEBI on Wednesday imposed a penalty of Rs 25 lakh on Mansoor Rafiq Khanda and Firoz Rafiq Khanda for offering trading tips...

Tax Saving Infra Bonds May Make Comeback, Provide Savings Options For Salaried

New Delhi, Jan 20 : Faced with the mammoth task of arranging funds for the infrastructure sector which is estimated to require an investment of a whopping Rs 100 lakh...

Sensex Above 49,700; Ril Shares Up Nearly 2% (ld)

Mumbai, Jan 20 : The Indian equity indices continued its upward trend during the afternoon session on Wednesday with the BSE Sensex rising above the 49,700-mark. Healthy buying was witnessed...

Equity Indices Rise, Sensex Above 49,600

Mumbai, Jan 20 : The key Indian equity indices rose on Wednesday morning with the BSE Sensex gaining over 200 points. The index was trading above the 49,600 mark. Healthy...

Sensex Zooms 700 Points, Ril Up 2% (2nd Ld)

Mumbai, Jan 19 : The Indian equity indices continued their upward trajectory during the afternoon trade on Tuesday, with the BSE Sensex gaining over 700 points. The across-the-board rise was...

Sensex Up 500 Points, Trades Well Above 49,000 (ld)

Mumbai, Jan 19 : The BSE Sensex surged over 500 points on Tuesday to reclaim the 49,000-mark. Healthy buying activity was witnessed in auto, finance, capital goods and oil and...

Unsold Residential Units May Get Extended Tax Break

New Delhi, Jan.Jan 18 : The real estate sector may be in for further bonanza with the government looking to extend tax free status of income accruing from unsold residential...

Un-fried \'fryums\' Not \'papad\', Hence Taxable At 18%

New Delhi, Jan.Jan 18 : The good old traditional snack food ‘papad’ or ‘pappadam’, as it is known in south India, cannot be equated with packaged ‘un-fried fryums and cannot...

Petrol, Diesel Price Rise Again By 25p/ltr After 3 Days Pause

New Delhi, Jan 18 : Petrol and diesel prices rose again by 25 paisa per litre each on Monday after oil marketing companies decided to break their three days pause...

Centre May Intimate Qualified Bidders For Air India By Jan 30

New Delhi, Jan 15 : The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the...

Consumer Demand Of Gold May Improve In 2021 On Economic Recovery Of Ems

New Delhi, Jan 14 : The year 2021 is likely to add to the shine of the gold as consumer demand which has largely been subdued amid the pandemic may...

Sensex Above 49,700; Auto, Telecom Stocks Rise

Mumbai, Jan 13 : The Indian equity indices scaled new highs on Wednesday morning with the BSE Sensex trading above the 49,700 mark. The Nifty50 on the National Stock Exchange...

Could 2021 Be The Year Of Midcaps?

New Delhi, Jan 12 : Midcap stocks outperformed large cap stocks in 12 out of last 20 years, including in 2020. A comparison of the large caps meaning Nifty 50...

Retail Inflation Down To 4.59% In Dec 2020

New Delhi, Jan 12 : Retail inflation declined to 4.59 per cent in December 2020 compared with 6.93 per cent in November last, government data showed on Tuesday. The data...

Pay Penalty If Not Already Filed I-t Returns, No More Extensions Now

New Delhi, Jan 12 : The Central Board of Direct Taxes dashed hopes of all taxpayers waiting for further extension of due dates for filing tax returns rejecting all representation...

Amazon Asks Sebi, Stock Exchanges Not To Grant No-objection To Future Retail Deal

New Delhi, Jan 11 : Amazon has written to SEBI Chairman Ajay Tyagi informing that the regulator should not give no-objection to the Future Retail transaction with Reliance as the...

Dggi Starts Probe Against Uber, Ola Over Alleged Gst Evasion

New Delhi, Jan 11 : The Director General of Goods and Services Tax Intelligence (DGGI) has initiated a probe against cab aggregators Uber and Ola over evasion of GST and...

Domestic Funds See Outflows After 5 Yrs

New Delhi, Jan 11 : Domestic institutional investors (DIIs) recorded their first outflows in 2020 after five years of inflows.This is at odds with bulge bracket FIIs powering the indices...

Sensex Trades Over 49,000 On Global Cues, Q3 Earnings (ld)

Mumbai, Jan 11 : The bullish sentiments in the Indian equity market continue to hold strong as the BSE Sensex crossed the 49,000-mark for the first time in its history....

Covid Disturbs Traditions: In A First, Budget To Go Paperless

New Delhi, Jan 11 : The upcoming budget scheduled for February 1 will go paperless as the Finance Ministry has decided not to print the budget documents amid the pandemic....

Sensex Hits 49,000 For The First Time, It Stocks Zoom

Mumbai, Jan 11 : The BSE Sensex crossed the 49,000-mark for the first time ever on Monday and the Nifty50 on the National Stock Exchange was trading above 14,400. Healthy...

Global Cues, Gdp Data Push Market Higher, Auto Stocks Rise (ld)

Mumbai, Jan 8 : Favourable global cues along with positive domestic macro economic data pushed the Indian equity indices higher during the mid-afternoon trade session on Friday. Accordingly, Nifty opened...

Covid Struck: India\'s Fy21 Gdp Expected To Contract By 7.7% (ld)

New Delhi, Jan 7 : India’s First Advance Estimate of national income on Thursday showed a contraction of 7.7 per cent in real GDP for FY 21.On a year-on-year basis,...

Rising Joblessness: India\'s Employment Scenario Worsens In December

New Delhi, Jan 7 : The employment scenario in the country, which improved post the lifting of the lockdown, has worsened in December, according to data from the Centre for...

Covid Struck: India\'s Fy21 Gdp Expected To Contract By 7.7%

New Delhi, Jan 7 : India’s first advance estimate of national income on Thursday showed a contraction of 7.7 per cent in real GDP for FY 21.On a year-on-year basis,...

Petrol Price Breaches All-time High; Tops Rs 84/litre In Delhi

New Delhi, Jan 7 : Petrol prices have breached all-time high levels in the new year as rising global oil prices pushed fuel marketing companies to raise the pump price...

Retail Investors Pump In $ 12bn As They Go Direct In Stock Market

By Sanjeev SharmaNew Delhi, Jan 6 : Retail investors in India directly bought stocks to the tune of $ 12 billion over January-September as the post-Covid period has seen rising...

India\'s Economy Shrank 9.6% In 2020-21, Can Rise With Vaccine To 5.4% Next Fiscal: Wb

By Arul LouisNew York, Jan 5 : India’s economy battered by the Covid-19 pandemic is forecast to crater by 9.6 per cent during the current financial year but can recover...

Equity Indices Fall, Sensex Down Around 200 Points

Mumbai, Jan 5 : The key Indian equity indices declined on Tuesday with the BSE Sensex losing around 200 points tracking weakness in the global markets The across-the-board selloff was...

Totally Disillusioned With Your Lackadaisical Attitude: Kishore Biyani To Amazon

New Delhi, Jan 5 : Kishore Biyani, Future Coupons and Future Corporate Resources have said that totally disillusioned and fed up with Amazon’s lackadaisical attitude, they were left with no...

Buying On Decline: Markets Rise Post Slide; It Stocks Shine (lead)

Mumbai, Jan 4 : Indian equity markets posted healthy recovery after an intra-day slide as investors took the opportunity to ‘buy on decline’. In the intra-day, market opened with a...

Sensex Hits 48,000 For The First Time Ever

Mumbai, Jan 4 : The Indian equity indices hit fresh highs on Monday with the BSE Sensex touching the 48,000-mark for the first time. It has touched an all-time high...

Mufg Bank Dismissed Employees To Approach Labour Commissioner For Relief

By Venkatachari JagannathanChennai, Jan 2 : The dismissed employees of the Japan’s MUFG Bank in India will file a complaint with the Labour Commissioner for reinstatement, said a top official...

India To Uk Flights From Jan 6, Uk-india Services From Jan 8: Minister

New Delhi, Jan 2 : Flight services between India and UK will resume from January 6, while those from UK to India will recommence from January 8, Civil Aviation Minister...

India-uk Flight Services To Resume From Jan 8: Minister (lead)

New Delhi, Jan 1 : Flight services between India and UK will resume from January 8, Civil Aviation Minister Hardeep Singh Puri said on Friday. Last month, these services were...

India-uk Flight Services To Resume From Jan 8: Minister

New Delhi, Jan 1 : Flight services between India and UK will resume from January 8, 2020, Civil Aviation Minister Hardeep Singh Puri said on Friday. Last month, these services...

Equity Market Starts 2021 On Positive Note, Nifty Above 14,000

Mumbai, Jan 1 : The Indian stock market opened on a positive note on the first day of 2021 with the BSE Sensex gaining over 150 points, and the Nifty50...

Interest, Inflation And Interventions Weakened Indian Rupee In 2020

By Rohit VaidMumbai, Dec 31 : India’s interest rates, high inflation and Reserve Bank’s market interventions weakened the rupee despite a massive inflow of direct and market-linked foreign investments during...

Markets End 2020 On A High, As Investors Repose Faith In India\'s Growth

Mumbai, Dec 31 : India’s equity markets rose like a phoenix to end the volatility-filled 2020 on a high, as new retail investors and foreign funds reposed their faith in...

India\'s Eight Core Industries\' Production Loses Steam, Down 2.6% In Nov

New Delhi, Dec 31 : The production of India’s eight major industries decelerated on both sequential and on year-on-year basis during November, as the output pace receded by (-) 2.6...

Tata Trusts Must Introspect On Greater Scrutiny By Govt Bodies: Cyrus Mistry

New Delhi, Dec 31 : SP Group chief Cyrus Mistry on Thursday said that instead of seeking to blame him at every turn, the Trustees of the Tata Trusts must...

Nifty Crosses 14k-mark, Sensex Hits New High (2nd Ld)

Mumbai, Dec 31 : The Indian equity market rose to new record high during the mid-afternoon trade session on Thursday as the NSE Nifty50 crossed the 14,000 mark for the...

Nifty Crosses 14k-mark, Sensex Hits New High (2nd Ld)

Mumbai, Dec 31 : The Indian equity market rose to new record high during the mid-afternoon trade session on Thursday as the NSE Nifty50 crossed the 14,000 mark for the...

Nifty Hits 14,000 For The First Time, Sensex Touches New High (ld)

Mumbai, Dec 31 : The Nifty50 on the National Stock Exchange (NSE) has crossed the 14,000 mark for the first time ever. It touched an all-time high of 14,010.15 points...

Deadlines For It, Gst Return Filing Extended

New Delhi, Dec 30 : The Centre on Wednesday extended the deadlines for filing ‘Income Tax’ and ‘GST’ returns for assessment year 2020-21. According to the Ministry of Finance’s Revenue...

International Flights To Remain Suspended Till Jan 31, 2021

New Delhi, Dec 30 : Centre on Wednesday extended the suspension of scheduled commercial international flight operations to and from India till January 31. “This restriction shall not apply to...

Hemisphere Properties\' Prime Real Estate To Be Monetised For Rs 19,000 Cr

New Delhi, Dec 29 : Hemisphere Properties, the company demerged with the surplus land of VSNL (now Tata Communications Ltd), has announced that the value of its land parcels which...

New Record Highs: Markets Continue To Rise; Banking Stocks Shine (ld)

Mumbai, Dec 29 : Improving economic scenario along with healthy buying in banking sector stocks pushed India’s key equity indices higher on Tuesday. Accordingly, the improving economic scenario as well...

Underrated Sitharaman Presiding Over India\'s Biggest Stock Market Bull Run

By Sanjeev SharmaNew Delhi, Dec 29 : Finance Minister Nirmala Sitharaman has been presiding over Indian stock markets’ biggest bull run in the last few months.Prime Minister Narendra Modi and...

Air India Employees Seek Status Quo On Benefits Post Privatisation

New Delhi, Dec 28 : Air India pilots’ associations has asked its members to maintain the printed weekly offs and not to change them. “You are hereby directed to maintain...

Stocks Attract Over $22bn As India Emerges Among Best Performing Ems (ians Special)

By Rohit VaidMumbai, Dec 27 : The Covid-19 virus not only triggered a worldwide pandemic, but also opened the floodgates for investments in the countrys equity market. All in all,...

Air India Pilots Not To Extend Flight Time Due To Hostile Work Environment

New Delhi, Dec 26 : The Indian Pilots Guild and the Indian Commercial Pilots Association have directed Air India pilots not to give any extension on ‘Flight Time’, ‘Flight Duty...

Race For Dhfl Takeover Intensifies: Suitors Sweetening Offers

New Delhi, Dec 25 : The race to acquire the bankrupt Dewan Housing Finance Corporation Ltd (DHFL) has intensified with both the final bidders Oaktree and Piramal having enhanced their...

Markets Rise On Global Cues, Lower Level Buying, Banking Stocks Rise (ld)

Mumbai, Dec 24 : Lower level buying after a short-lived intra-day correction pushed the Indian equity market higher during the late-afternoon trade session on Thursday. Accordingly, the Indian stock market...

Psu Asset Monetisation Likely To Get Fillip In Budget Fy22

New Delhi, Dec 23 : The pandemic has created severe pressure on the government’s coffers, thereby making asset monetisation and disinvestment the Centre’s priorities to raise revenue. Government’s asset monetisation...

No More Worries About Late Filing Of Returns With I-t\'s \'jhatpat Scheme\'

New Delhi, Dec 22 : Last minute filers of income tax returns for financial year 2019-20 (assessment year 2020-21) need not worry about completing the process in time to beat...

Re-igniting Rally: $900 Bn Us Stimulus To Support Ems, Indian Markets

New Delhi, Dec 21 : After a massive plunge in global equities due to renewed Covid fears, market insiders pinned hopes on the $900 billion US stimulus bonanza re-igniting a...

Sharp Fall In Market, Sensex Plunges Over 1,500 Points (ld)

Mumbai, Dec 21 : The Indian stock market witnessed a slump on Monday with the BSE Sensex falling over 1,500 points. Across-the-board sell-off took place during the afternoon trade session,...

Delhi Hc Refuses To Restrain Amazon, Says Suit Filed By Future Retail Maintainable

New Delhi, Dec 21 : The Delhi High Court on Monday refused to restrain Amazon from interfering in Future Retail’s deal with Reliance Retail by writing to statutory authority in...

Banks\' Loans Write-off: Nda Scores Three Times Over Upa, Says Rti

By Quaid NajmiMumbai, Dec 20 : In a dubious distinction of sorts, the Bharatiya Janata Party-led NDA rule achieved the highest loans write-off between 2015 and 2019, which is more...

Sensex Turns Negative After Touching 47,000 For First Time

Mumbai, Dec 18 : The BSE Sensex opened above the psychological mark of 47,000 for the first time on Friday.It, however, could not hold on to the gains and turned...

Air India Employees Part Of The Bid Not To Handle Policy Issues

New Delhi, Dec 17 : Air India employees who are part of the consortium of 209 employees who have put in a expression of interest (EoI) for the strategic sale...

Entry Of Big Pvt Equity Players Set To Heat Up Bpcl Takeover

New Delhi, Dec 17 : Covid inflicted doubts over the sell-off process for BPCL has now given way to the prospect of heated competition among all interested parties driving up...

Govt Decision To Compulsorily Retire Officer Vindicated, Cat Dismisses Bajaj\'s Appeal

New Delhi, Dec 16 : The government’s bold step of compulsorily retiring some black sheep in the tax administration last year had now got the seal of approval from the...

Govt\'s Greed For Revenue Keeps Petrol, Diesel Prices Close To All-time High Levels

By Subhash NarayanNew Delhi, Dec 16 : Oil companies may have provided relief to consumers by keeping the pump prices of petrol and diesel static for the past nine days...

December Cheer: Fii Inflow Consistency Expected To Further Lift India\'s Stock Markets

Mumbai, Dec 15 : Even as lean volume season is about to commence globally, analysts predict consistent foreign fund inflows to further boost India’s equity indices in the short-to-medium term....

It Company Majesco Declares Record Dividend Of 19,480%

New Delhi, Dec 15 : IT company Majesco Ltd on Tuesday has approved payment of interim dividend at the rate of 19,480 per cent i.e.Rs 974 per equity share of...

Kanti Commercials Led Consortium Puts In Eoi For Air India

New Delhi, Dec 15 : A Delhi-based company, Kanti Commercials is leading a consortium along with Fragment Nivesh and Enormous Nivesh who put an EoI for Air India. In its...

Kanti Commercials-led Consortium Puts In Eoi For Air India

New Delhi, Dec 14 : Delhi based company, Kanti Commercials is leading a consortium, along with Fragment Nivesh and Enormous Nivesh, which put an EoI for Air India. In its...

With Strategic Investors, Interups Inc Now In Fray For Air India

New Delhi, Dec 14 : Backed-up by strategic NRI investors from US and Europe, New York-based Interups Inc on Monday submitted a joint EoI with Air India employees for government’s...

Kanti Commercials Led Consortium With Group Of 209 Air India Employees Puts In Eoi

New Delhi, Dec 14 : A Delhi-based company, Kanti Commercials is leading the consortium along with Fragment Nivesh and Enormous Nivesh who have bid along with 209 employees of Air...

Ai Sell-off Gets Multiple Bids; Tata, Ai Employees, Interups Submit Eois

New Delhi, Dec 14 : The sell-off plan for Air India moved to second stage with the government on Monday saying that multiple expressions of interest has been received for...

Tatas Back In Race For Stake In Air India: Sources

New Delhi, Dec 14 : Tata Sons is expected to send in their express of interest (EoI) for national carrier Air India on Monday, industry insiders said. According to highly...

Inflationary Woes: India\'s Wpi Rises To 1.55% In Nov

New Delhi, Dec 14 : India’s annual rate of inflation based on wholesale prices jumped to 1.55 per cent in November from a rise of 1.48 per cent in October...

Agri Reforms To Usher In New Investments, Farmers To Gain: Modi

New Delhi, Dec 12 : Prime Minister Narendra Modi on Saturday said that agricultural reforms will usher in new investments into the sector. Modi said this at the 93rd ‘Annual...

Sensex Crosses 46,000, Nifty Above 13,500 (ld)

Mumbai, Dec 9 : The bull-run continued on Wednesday afternoon as the BSE Sensex crossed the 46,000 mark. It touched an all-time high of 46,048.00 points. Around 1.55 p.m., it...

Cabin Crew Keeps Out Of Employee Bid For Air India

New Delhi, Dec 6 : The cabin crew employees of Air India will not participate in the employee bid for 51 per cent stake in Air India and instead want...

Cait Asks Ed To Take Strict Action Against Amazon

New Delhi, Dec 6 : The Confederation of All India Traders (CAIT ) has written to the Enforcement Directorate(ED) with all the necessary details to prove that since the beginning...

Petrol Prices On Upswing, Poised To Breach All-time High Across Country (ld)

New Delhi, Dec 6 : Auto fuel prices are on the upswing in the country with the pump price of petrol set to breach all-time high levels next week. The...

As Revenue Constrained, Centre May Look At Psus For Higher Dividends

By Subhash NarayanNew Delhi, Dec 6 : The Union government may look towards its cash-rich public sector undertakings and those falling behind on their capex plans for current fiscal to...

Covid Effect: Rbi Asks Banks Not To Declare Dividend For Fy 20

New Delhi, Dec 5 : The Reserve Bank of India (RBI) has asked banks to conserve capital and not make any dividend payments for financial year 2020. RBI Governor Shaktikanta...

Ai Pilots Unions Advise Members Against Any Part In Airline\'s Divestment Bid

New Delhi/Mumbai, Dec 5 : National carrier Air India’s pilots unions have advised their members not to take part in the employees bid to take over the airline via the...

Inflationary Woes: Rbi Retains Rates, Maintains Accommodative Stance (3rd Ld)

Mumbai, Dec 4 : The Reserve Bank of India (RBI) on Friday retained its key short-term lending rates to subdue the unabatedly high inflation rate. However, the Monetary Policy Committee...

Group Of 209 Employees To Bid For Air India (ians Exclusive)

By Sanjeev SharmaNew Delhi, Dec 4 : A group of 209 employees of Air India are bidding for the national carrier in partnership with a private financier. As reported first...

63 Moons To Challenge Sebi Order On Stp Gate Services

New Delhi, Dec 4 : 63 moons technologies on Friday said it would challenge the SEBI order, which rejected its renewal application for providing STP Gate Services, and take appropriate...

Inflationary Woes: Rbi Retains Rates, Maintains Accommodative Stance (2nd Ld)

Mumbai, Dec 4 : The Reserve Bank of India (RBI) on Friday retained its key short-term lending rates to subdue the unabatedly high inflation rate. However, the Monetary Policy Committee...

Sensex Hits 45,000 Mark For First Time Ever (ld)

Mumbai, Dec 4 : The BSE Sensex crossed the 45,000 mark for the first time ever, after the RBI Governor Shaktikanta Das said that the accommodative stance would continue for...

Rbi Revises Fy21 Growth To (-)7.5% On Current Recovery Rate, Vaccine Hopes

Mumbai, Dec 4 : The Reserve Bank of India (RBI) has revised the real GDP growth projection for FY21 upwards to (-) 7.5 per cent on the back signs of...

Rbi Maintains Key Lending Rates, Accommodative Stance (ld)

Mumbai, Dec 4 : To subdue unabatedly high inflation rate, the Reserve Bank of India (RBI) maintained the key lending rates. Accordingly, the Monetary Policy Committee (MPC) of the central...

Mpc Maintains Accommodative Stance, Keeps Rates Unchanged

Mumbai, Dec 4 : To subdue unabatedly high inflation rate, the Reserve Bank of India (RBI) maintained the key lending rates. Accordingly, the Monetary Policy Committee of the central bank...

Gst Enablement On Upi: 4 Months Let-off From Penalty On Invoices Without Qr Code

New Delhi, Nov 30 : In an significant move to promote digital payments in Business to Customer (B2C) transactions through QR Code and GST enablement on UPI, the government has...

India Officially Enters Recession, But Contraction In Q2 Gdp Recedes (2nd Ld)

New Delhi, Nov 27 : Even though India’s economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered...

Contraction In Q2fy21 Gdp Recedes, But India Officially Enters Recession (ld)

New Delhi, Nov 27 : Even though India’s economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered...

Contraction In India\'s Q2fy21 Gdp Recedes, Still Down By (-) 7.5%

New Delhi, Nov 27 : India’s economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, as the year-on-year contraction in the country’s GDP receded to (-) 7.5...

Cabinet Nod For Lakshmi Vilas Bank, Dbs Bank India Amalgamation

New Delhi, Nov 25 : The Union Cabinet on Wednesday approved the amalgamation of the Karur based 94-year old Lakshmi Vilas Bank (LVB) with DBS Bank India, a subsidiary of...

Markets At Fresh High, Sensex Crosses 44,800

Mumbai, Nov 25 : The Indian equity indices surged to new record highs on Wednesday in line with the positive global trend. The BSE Sensex touched an all-time high of...

Nse Expels Karvy Stock Broking

New Delhi, Nov 24 : The National Stock Exchange (NSE) has expelled tainted member, Karvy Stock Broking Ltd from its membership and also declared it a defaulter. In a circular,...

Nifty Crosses 13k As Vax Hopes Boost Markets Globally (ld)

Mumbai, Nov 24 : Optimism over the vaccine front against the novel Coronavirus and the continued flow of foreign funds have boosted the Indian stock market, as on Tuesday the...

Nifty Hits 13k For 1st Time, Sensex Above 44,400

Mumbai, Nov 24 : The Indian equity indices surged to fresh record highs on Tuesday morning with the NSE Nifty50 crossing the 13,000 mark for the first time ever. Nifty...

Bank Licences To Corporates A \'bad Idea: Raghuram Rajan

New Delhi, Nov 23 : Days after an Internal Working Group (IWG) of Reserve Bank of India’s (RBI) recommended allowing large Indian corporates to enter the banking sector, former RBI...

Capital Needed For Banking Licence May Be Doubled If Rbi Accepts Recommendations

New Delhi, Nov.Nov 21 : To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly...

Cci Gives Nod To Future-reliance Deal, Setback For Amazon (ld)

New Delhi, Nov 20 : Despite Amazon’s objections, the Competition Commission of India (CCI) has cleared the Future-Reliance deal. Announcing the decision on Twitter on Friday, CCI said, “Commission approves...

Dggi To Write To Icai Against 3 Cas Arrested For Fake Gst Invoice Frauds

New Delhi, Nov 20 : The Directorate General of GST Intelligence (DGGI) is in the process of informing the Institute of Chartered Accountants of India (ICAI) to take necessary action...

Raymond Fined For Violations, Sebi Finds Governance Failure

Mumbai, Nov 20 : An investigation by the Securities and Exchange Board of India (SEBI) has found that Raymond Ltd failed to take necessary approval for certain related party transactions...

Rbi Panel Bats For Large Corporate-backed Private Banks

New Delhi, Nov 20 : The Reserve Bank of India’s internal working committee has recommended path-breaking reforms in the Indian banking sector, calling for participation of large Indian corporates and...

Dbs Bank Was Ready To Pay Rs 100/share For Lvb In 2018, Rbi Offers It Free: Lvb Promoter (lead)

By Venkatachari JagannathanChennai, Nov 20 : Advocating a proper valuation of the Lakshmi Vilas Bank (LVB), one of its promoters said that Singapore-based DBS Bank was willing to acquire 50...

Lvb\'s Branch Network Alone Can Be Valued At Rs 5,630 Cr: Ex-director

By Venkatachari JagannathanChennai, Nov 20 : The 563 branches of the Karur based 94-year old Lakshmi Vilas Bank (LVB) can get a valuation of Rs 5,630 crore, and there are...

Govt Overhauls Fdi Approval Procedures; Issues New Sop With Timelines For Each Stage Of Approval

By Subhash NarayanNew Delhi, Nov 19 : The government made major changes in Foreign Direct Investment (FDI) regime with the focus on simplification of procedures and administration rather than a...

Lodha Ousted From Directorship Of 5 Mp Birla Cos; Ministry Okays Admin Panel Move

New Delhi/Kolkata, Nov 19 : Harsh Vardhan Lodha has been ousted from the Boards of five investment companies of MP Birla Group after an order by the Calcutta High Court...

Barclays Raises India\'s Fy22 Gdp Growth Forecast To 8.5%

New Delhi, Nov 19 : British multinational investment bank and financial services company Barclays on Thursday revised India’s GDP forecast for FY22 to 8.5 per cent from 7 per cent...

Equity Indices Open In Red, Lvb Shares Fall 20%

Mumbai, Nov 19 : The key Indian equity indices opened on a negative note on Thursday due to profit booking along with weakness in the Asian markets. It opened at...

If \'control\' Is Read, As Sought By Amazon Now, Its Investment Would Be Violation Of Fdi Policy

New Delhi, Nov 18 : The Future Retail shareholders agreement, the Future Coupons shareholders agreement and the Future Coupons share sales agreement are not an integrated transaction and if these...

Adequate Interest For Bpcl Disinvestment, No Need To Alter Sale Process: Govt

New Delhi, Nov 18 : The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several...

20 Lakh Lvb Depositors Have No Need To Panic: Administrator

Chennai, Nov 18 : Assuring about 20 lakh depositors of the Lakshmi Vilas Bank (LVB) now under moratorium that there is no need to panic and all glitches in withdrawal...

Sensex Trades Flat Amid Volatility, Laskhmi Vilas Bank Down 20%

Mumbai Nov 18 : The key Indian equity indices traded on a flat note on Wednesday morning with weak global cues. At 9.38 a.m., Sensex was trading at 43,912.94, lower...

Modi Calls For \'reset\' In Post-pandemic World (ld)

New Delhi, Nov 17 : Prime Minister Narendra Modi said on Tuesday that there is a need for change in protocols, mindsets and systems globally in the wake of the...

Lvb Shareholders Not To Get Anything, Key Managerial Personnel May Lose Job

By Venkatachari JagannathanChennai, Nov 17 : The shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) may not be getting anything as per the Reserve Bank of India’s (RBI) draft scheme...

Lakshmi Vilas Bank Come Under Moratorium, Rs 25k Withdrawal Cap Placed (lead)

Chennai, Nov 17 : Following an application submitted by the Reserve Bank of India (RBI), the Central government on Tuesday brought Lakshmi Vilas Bank under moratorium for 30 days, and...

Lakshmi Vilas Bank Under Moratorium; Maximum Deposit/withdrawal Rs 25k

Chennai, Nov 17 : Following an application submitted by the Reserve Bank of India (RBI), the Central government on Tuesday brought Lakshmi Vilas Bank under moratorium for 30 days, restricting...

Amazon Didn\'t Disclose It Has Control Rights In Frl Via Fcl Investment

New Delhi, Nov 17 : The real story is unfolding as neither Amazon nor Future Retail Limited (FRL) disclosed to the public shareholders of FRL that Amazon has ‘control rights...

Modi Bets On Urban Transformation Amid Pandemic, Invites Global Investors

New Delhi, Nov 17 : Emphasising on the transformation of urban landscapes in the post-Covid era, Prime Minister Narendra Modi on Tuesday invited global investors to invest in India’s urbanisation...

Rbi Proposes To Merge Lakshmi Vilas Bank With Dbs Bank India

Chennai, Nov 17 : The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a...

Sensex, Nifty Close At Record-high (2nd Ld)

Mumbai, Nov 17 : Indian equity indices, BSE Sensex and NSE Nifty50 ended the day with record closing highs on Tuesday after touching fresh intra-day highs. Sensex ended at a...

Sensex, Nifty Hit Record Highs; Sensex Breaches 44,000

Mumbai, Nov 17 : The key Indian equity indices hit fresh record highs on Tuesday morning in line with global market after US pharma major Moderna announced that its Covid-19...

Sensex, Nifty Hit Record Highs On Vaccine Hopes (ld)

Mumbai, Nov 17 : The key Indian equity indices hit fresh record highs on Tuesday tracking a positive global trend after pharma giant Moderna announced that its vaccine has shown...

Several Eois Received For Bpcl Sale, Giants Ril, Aramco, Bp Not In Race (lead)

New Delhi, Nov 16 : The much-anticipated privatisation process of the Bharat Petroleum Corporation Ltd (BPCL) completed its first phase on Monday with several suitors submitting Expressions of Interest (EoIs).However,...

Bpcl Privation Makes Progress, Multiple Eois Received

India\'s Oct Wpi Rises For 3rd Straight Month, Jumps To 1.48% (ld)

New Delhi, Nov 16 : India’s annual rate of inflation based on wholesale prices jumped to 1.48 per cent in October from a rise of 1.32 per cent in September....

India\'s Oct Wpi Rises For 3rd Straight Month, Jumps To 1.48%

New Delhi, Nov 16 : India’s annual rate of inflation based on wholesale prices jumped to 1.48 per cent in October from a rise of 1.32 per cent in September...

Centre\'s Fiscal Outgo For Stimulus3.0 Is Rs 1.1l Cr: Report

New Delhi, Nov 15 : Centre’s fiscal outgo for the measures under the latest stimulus round will be Rs 1.1 lakh crore or 0.5 per cent of the GDP, said...

Samvat 2077 To Bring Further Prosperity To Indian Stock Markets

By Arun KejriwalMumbai, Nov 14 : Muhurat trading for Samvat 2077 started on a brisk note and one saw that there was an optimist mood in the market.BSE SENSEX gained...

Air India To Raise Rs 6,150 Crore In Short Term Loan For Aircraft Refinancing

New Delhi, Nov 13 : Air India is raising Rs 6150 crore in short-term loans to refinance foreign currency bridge loans taken to buy seven Boeing 787 and 777 aircraft....

Equity Indices In Red; Banking Stocks Under Pressure

Mumbai, Nov 13 : The key Indian equity indices traded on a negative note on Friday with the BSE Sensex losing over 300 points during the initial trade. It is...

Stimulus 3.0: Centre Pushes Jobs And Infra, Expands Support To Rural Sector

New Delhi, Nov 12 : Announcing a fresh round of stimulus package and terming it as ‘Atmanirbhar Bharat 3.0’, Finance Minister Nirmala Sitharaman laid down a total of 12 new...

Centre Eases Circle Rate Differential For Home Sales Till June 2021

New Delhi, Nov 12 : In a bid to boost housing sales, Finance Minister Nirmala Sitharaman on Thursday announced an increase in the permitted differential between the circle rale and...

Fm Cites Pmi, Fdi, Stocks Markets To Show \'strong Recovery\'

New Delhi, Nov 12 : Finance Minister Nirmala Sitharaman on Thursday said the Indian economy was witnessing a strong recovery. Addressing the media here, Sitharaman cited several data, including the...

Buzz Around Another Stimulus Package Around Diwali

New Delhi, Nov 11 : The government is reportedly planning another stimulus package for the economy which could be finalised as early as Thursday. There is talk of a $20...

Material Uncertainty About Company\'s Ability To Continue As A Going Concern: Mcleod Russel Auditors

By Sanjeev SharmaNew Delhi, Nov 11 : The auditors of McLeod Russel, Lodha & Co., have given qualifications and adverse conclusions on the financial statements for the half year ended...

Airlines Allowed To Deploy Up To 70% Capacity In Domestic Sector

New Delhi, Nov 11 : The Centre on Wednesday allowed domestic airlines to deploy up to 70 per cent of their flight capacity from an earlier 60 per cent, with...

Cabinet Okays Pli Scheme For 10 Sectors, Including Auto, Telecom (ld)

New Delhi, Nov 11 : To give an impetus to the manufacturing sector, the Union Cabinet on Wednesday approved a mega production linked incentive (PLI) scheme for 10 sectors. The...

One Nation, One Salary Agreement Inked For Bankers: Unions

Chennai, Nov 11 : Four unions in the banking sector on Wednesday jointly announced that their three year wage talks finally resulted in a written agreement with Indian Banks’ Association...

Gold Prices Likely To Scale Up Towards Rs 65k/10gm: Religare

New Delhi, Nov 11 : Gold has become more precious than ever with its stellar performance and clocked almost 44 per cent returns at its peak this year. Amid the...

Sensex At New High, Crosses 43,700; Auto, Healthcare Stocks Surge

Mumbai, Nov 11 : Bull run continued on the Indian stock market on Wednesday with the BSE Sensex crossing the 43,700 mark during the initial trade It has touched an...

Massive Fund Inflows Lift Sensex Beyond 43k-mark, Banks\' Stocks Zoom (ropundup)

Mumbai, Nov 10 : Massive foreign fund inflows on the back of accelerated vaccine development along with clarity on US presidential election results and a fast-paced economic recovery lifted key...

Beaten Down Stocks Rally On Vaccine Hopes As It & Pharma Sell Off

New Delhi, Nov 10 : As the stock markets touch new highs rising for the seventh consecutive session, it is the beaten down sectors that are rallying while the stay...

As Market Climbs New Highs, Net Fii Inflow Crosses Rs 14k Cr In Just 3 Days

Mumbai, Nov 10 : The Indian equity market has been on a fresh record run of late backed by a surge in foreign institutional investments (FII).In the past three days...

Sensex Hits 43,000 For First Time, Nifty Nears 12,600 (ld)

Mumbai, Nov 10 : BSE Sensex crossed the psychological 43,000-mark for the first time on Tuesday as bull run continued on the Indian indices in line with a positive trend...

Market At Fresh High, Sensex Above 42,900

Mumbai, Nov 10 : The Indian equity indices scaled new highs on Tuesday in line with a positive trend in the global markets after pharmaceutical major Pfizer said its experimental...

Alert: Sensex Hits Record High Of 42,566.34

Ethiopian Cargo Plane Makes Emergency Landing At Mumbai Airport

Mumbai, Nov 8 : An Ethiopian Airlines cargo flight from Riyadh to Bengaluru made an emergency landing at Mumbai Airport on Sunday after a technical glitch mid-air, official sources said....

World Bank Cautions Indians Against Fraudulent Credit, Debit Cards

New Delhi, Nov 6 : If there weren’t enough financial crimes and frauds, credit and debit cards in the name of the World Bank are being issued in India. In...

Two Indian Parties Entitled To Choose A Foreign Seat Of Arbitration: Gujarat Hc

By Sanjeev SharmaNew Delhi, Nov 3 : The Gujarat High Court in a landmark judgment has conclusively held that Indian parties are entitled to choose a seat of arbitration outside...

Pm\'s Global Investor Meet On Thursday; Tata, Ambani To Take Part

New Delhi, Nov 3 : Prime Minister Narendra Modi will chair the Virtual Global Investor Roundtable (VGIR) on Thursday. The VGIR will be organised by the Union Ministry of Finance...

Punjab Heading Towards Major Power Outrage As Coal Runs Out

Chandigarh, Nov 3 : Punjab on Tuesday braced for massive power cuts after running completely out of power, with coal stocks in the state drying up fully as a result...

Sebi Should Immediately Direct Amazon To Make An Open Offer: Future Retail Shareholder (ians Exclusive)

New Delhi, Nov 2 : Mumbai-based Future Retail shareholder Beruz Feramorz Pouredehi has asked SEBI to immediately direct Amazon to make an open offer in Future Retail Limited (FRL). He...

Future Retail Shareholder Punctures Amazon\'s Appeals To Indian Regulators (ians Exclusive)

New Delhi, Nov 2 : Mumbai-based Future Retail shareholder Beruz Feramorz Pouredehi has punctured Jeff Bezos-owned Amazons invocations to Indian regulatory authorities as illegal and has asked SEBI chairman Ajay...

Traders Support Future Retail In Battle Against Amazon

New Delhi, Nov 1 : Traders body, CAIT has compared Amazon with East India Company in the colonial era which acquired Indian states one by one and monopolized Indian business....

Banks To Charge For Deposits & Withdrawals, Cong Says \'kamar Tod Tohfa\'

New Delhi, Oct 31 : Customers in some banks will now have to start paying fees for deposit and withdrawal of money. As per reports, Bank of Baroda will start...

Sitharaman Insisted On My Transfer From Mof: Garg

New Delhi, Oct 31 : Former Economic Affairs Secretary Subhash Chandra Garg has claimed that Nirmala Sitharaman asked for and insisted on his transfer from the Ministry of Finance in...

Market Authorities Can At The Most Seek Info In A Commercial Dispute

By Sanjeev SharmaNew Delhi, Oct 30 : While there is talk of Amazon having written a letter to the stock exchanges and market regulator on the Future-Reliance deal, sources said...

Goair Probe Finds Senior Executive Guilty Of Sexual Harassment

New Delhi, Oct 27 : An internal inquiry committee of GoAir has found a senior executive guilty of sexual harassment, sources said. According to sources, the complaint was received from...

Confidentiality Clause Latest Flashpoint In Amazon-future Group Dispute

New Delhi, Oct 27 : A confidentiality clause in the agreement between Amazon and Future Group may be the latest flashpoint in the ongoing dispute. As per the agreement between...

Futures Retail Anticipates Liquidation If Deal With Ril Fails

New Delhi, Oct 27 : As a Singapore arbitration court has temporarily halted the acquisition process of Future Group’s retail business by Reliance Retail, there has been speculation over what...

In Bezos Vs Ambani Battle, Focus On Disclosures By Amazon

New Delhi, Oct 27 : In the Jeff Bezos vs Mukesh Ambani battle royale for the Indian retail market, which is now also evolving into a ‘videshi vs swadeshi’ battle,...

Jeff Bezos, Mukesh Ambani Set For Long-drawn War Over Future Retail

New Delhi, Oct 26 : As Reliance Industries Ltd (RIL) stepped into the e-commerce space with JioMart, speculations ran rife over two of world’s richest individuals up for a confrontation...

Taxes On Petrol, Diesel May Go Up Further To Mobilise Additional Revenue For Covid Relief

By Subhash NarayanNew Delhi, Oct 26 : The economic crisis triggered by the Covid-19 pandemic and subsequent pressure on revenues may again push the Centre to raise excise duty on...

Rbi Guv Tests Positive Of Covid-19, To Work From Isolation

Mumbai, Oct 25 : Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said that he has tested positive of novel coronavirus infection. Das, however, said that he is...

Karnataka Hc Restrains Franklin Templeton To Wind Up Schemes Without Investors\' Consent (lead)

Bengaluru, Oct 24 : In a major victory for investors, the High Court of Karnataka on Saturday restrained Franklin Templeton (FT) India’s decision from winding up its six debt schemes...

Centre Extends Deadline Of Filing Tax Returns To Dec 31

New Delhi, Oct.Oct 24 : In a major relief to taxpayers, the Government on Saturday announced extension of the due date for filing income tax returns for the assessment 2020-21...

Karnataka Hc Restrains Franklin Templeton To Wind Up Schemes Without Investors\' Consent

Bengaluru, Oct 24 : In a major victory for investors, the High Court of Karnataka today restrained Franklin Templeton (FT) India’s decision from winding up its six debt schemes without...

Aisam Likely To Take Key Decisions On Air India Divestment On Saturday

New Delhi, Oct 23 : The Centre’s top group of ministers looking into Air India divestment is slated to meet on Saturday with the agenda ranging from extending the process...

Air India Pilots Seek Meeting With Civil Aviation Minister

New Delhi, Oct 22 : Air India pilots have sought a follow-up meeting with Civil Aviation Minister Hardeep Singh Puri to put forth the problems being faced by them. The...

Kirloskar Brothers Promoters, Directors Found Guilty Of Insider Trading (lead)

Mumbai, Oct 21 (IANS) : The Securities and Exchange Board of India (SEBI) has found that the promoters and directors of Kirloskar Brothers Ltd (KBL) had violated norms on prohibition...

Sebi Asks Prabhat Dairy To Deposit Rs 1,292 Cr In Escrow Account

New Delhi, Oct 21 (IANS) : Finding Prabhat Dairy and its promoters to be non-cooperative in a forensic audit, SEBI has asked Prabhat Dairy to deposit within seven working days...

Reliance Jio Develops 5g Product In Partnership With Us Chip Giant Qualcomm

By Nikhila NatarajanNew York, Oct 20 (IANS) : India’s Reliance Jio, which has over 400 million subscribers on its 4G network in India, announced on Tuesday that it has developed...

Jeff Bezos Vs Mukesh Ambani: Battle Royale For India\'s Retail Crown (lead)

New Delhi, Oct 20 (IANS) : The arbitration proceedings between Amazon and Kishore Biyani have begun in Singapore. Former Attorney General of Singapore, V.K.Rajah concluded the arbitration hearing on Friday,...

Govt Lines Up Psus For Share Buyback As Disinvestment Falters

New Delhi, Oct 20 (IANS) : The government proposes to mobilise disinvestment resources by getting financially stronger and cash-rich central public sector enterprises (CPSEs) to buyback its shares. Sources in...

Airtel\'s Privacy Policy Updated After Furore

New Delhi, Oct 19 (IANS) : Airtels privacy policy statement has been updated after a controversy over sexual orientation being part of the personal information that can be accessed. The...

Higher Petroleum Taxes Rescue Govt\'s Biggest Ever Economic Package

New Delhi, Oct 19 (IANS) : The government is depending heavily on taxes levied on petrol and diesel to finance its biggest ever Rs 20 lakh crore economic package announcement...

Kvic Concerned As \'aatm Nirbhar Bharat\' Scheme Faces Hurdles Over Banks\' Apathy (ians Special)

By Anand SinghNew Delhi, Oct 17 (IANS) : The Central government’s ambitious ‘Aatmanirbhar Bharat’ (self-reliant) programme faces a major hurdle in the form of non-cooperation from banks in granting loans...

Amazon, Flipkart Get Notice For Non-declaration Of \'country Of Origin\'

New Delhi, Oct 16 (IANS) : The Centre has issued notices to e-commerce majors Amazon and Flipkart for non-declaration of mandatory disclosure, including the ‘Country of Origin’ on specific products....

Sensex Plunges 1,000 Points Amid Global Selloff (2nd Ld)-business-top Story

Mumbai, Oct 15 (IANS) : The BSE Sensex slumped over 1,000 points on Thursday breaking its 10 day gaining streak amid selloff across global stock markets. Heavy selling in banking...

Now Wholesale Prices Jump Up In Sep, Wpi Rises To 1.32% (roundup)

New Delhi, Oct 14 (IANS) : High prices of food products, primary articles and manufactured goods accelerated India’s September wholesale inflation. The annual rate of inflation, based on wholesale prices,...

15% Of Start-ups Have Halted Operations Due To Covid

New Delhi, Oct 14 (IANS) : The impact of Covid-19 has been severe on the Indian start-up ecosystem during the lockdown as 15 per cent of start-ups have halted operations....

India\'s Sep Wpi Rises On High Food Prices (lead)

New Delhi, Oct 14 (IANS) : High food, primary articles and manufactured goods’ prices accelerated India’s September wholesale inflation. Consequently, the annual rate of inflation based on wholesale prices rose...

India\'s Sep Wpi Rises On High Food Prices

Sebi Finds Titan Company Exec Guilty Of Expert Trading

Mumbai, Oct 13 (IANS) : The Securities as well as Exchange Board of India (SEBI) has discovered Ajoy Chawla, the CEO of Titan Companys jewellery division, to have actually gone...