Direct cargo ferry service between India and Maldives launched

The ferry service, which was first announced by Prime Minister Narendra Modi in June 2019 during his visit to Maldives, was launched in an... Read more »

HSBC, StanChart’s shares plunge on reports of illicit fund movement

According to reports based on leaked suspicious activity reports (SARs) filed by banks and other financial firms with the US Department of Treasury's Financial... Read more »

5% custom duty on Open Cell from Oct 1 even as domestic TV manufacturing yet to pick pace

The tax exemption on the key TV component was extended to the industry last year to give it time to develop domestic manufacturing capability.... Read more »

Oracle, Walmart rescue TikTok in US with Trump’s ‘blessing’

Trump on Saturday announced that China-based ByteDance which is the parent company of TikTok has received tentative approval for an agreement with the US... Read more »

Bank of India to raise Rs 8,000 cr, gets shareholders’ nod

It said that they gave the "approval to raise fresh capital up to an amount of Rs 8,000 crore by way of equity shares/tier-I/tier-II... Read more »

Business sentiments recover, weak demand continues

"The stellar recovery in the index has been supported by the remarkable increase in the Expectations Index (EI), which rose 46 per cent quarter-on-quarter,... Read more »

Surcharge on dividend income for FPIs may be capped at 15%

Currently, FPIs that operate as trusts have to pay a surcharge as high as 37 per cent if their dividend income is over Rs... Read more »

Extra financial burden on consumers due to PGCIL’s inefficiency

According to the CAG report on planning and implementation of transmission p rojects executed by PGCIL in the 12th Plan (2012-2017) presented in Parliament... Read more »

Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct

Sources said that an emergency meeting of OPEC+ including Russia could be scheduled next month if oil markets weaken further and crude prices crash... Read more »

Pakistan risks Basmati export as India applies GI tag in EU

Despite the fact that Pakistan produces a wide range of Basmati rice in the country and benefits from its export to the EU and... Read more »

No buyers for Air India may mean divestment to be put off

It seems that due to the turbulence caused in the aviation sector by the Covid 19 pandemic, airlines are already struggling and in that... Read more »

L-G Sinha announces Rs 1,350 cr package to bolster biz, jobs in J&K

The economic package will primarily act as a lifeline to distressed entities, self-employed individuals in tourism and transport sectors and will also offset economic... Read more »

Fin Min directs customs for strict scrutiny of imports to prevent FTA misuse

The idea is to plug third country imports from countries such as China reach ing India using the concessional duty or zero-duty benefit available... Read more »

Covid fallout: Fiscal deficit may rise to Rs 14.6L cr in FY21

The Controller General of Accounts early this month said that the country's fiscal deficit has expanded to 103.1 per cent of Budget Estimate in... Read more »

Apple says happy Diwali with 1st India online store on Sep 23

For logistics support, Apple has partnered with Blue Dart to be its on-ground fulfillment partner. Given the current pandemic situation, customers can expect safe,... Read more »

Harsimrat Kaur resigns from Union Cabinet over farm Bills

The Akali Dal, a part of the National Democratic Alliance, had also protested against the first of three such bills, which has already been... Read more »

Finmin wants auto cos to reduce costs, royalty payments rather than seek GST cuts

Top sources in the finance ministry said that India's tax policy on automobiles has been quite consistent for the last three decades now in... Read more »

Relief for Anil Ambani as SC dismisses SBI plea

The bench, also comprising Justices Hemant Gupta and S. Ravindra Bhat, gave liberty to SBI to seek modification of the stay order passed by... Read more »

5 Indians among Top 25 venture capitalists in GCV Powerlist

Shankar Chandran, Managing Director, Samsung Catalyst Fund, who shared the ranking with his colleague Francis Ho for the fifth position in the list, is... Read more »

First ‘Kisan Rail’ between B’luru, Delhi to run from Sep 19 to Oct 19

According to the SWR release on Tuesday, the Kisan Rail are trains with multi commodities, multi-consignors and multi-consignees. "The train will run via Mysuru,... Read more »