Business
Reliance Industries Closes Deal With 4 Investors to Sell Minority Stake in Jio Platform, Receiving Rs 30,062 Cr
It had earlier this week closed the deal with the biggest investor Facebook when it received Rs 43,574 crore from Jaadhu Holdings, LLC (a wholly owned subsidiary of Facebook Inc).
India's Fuel Demand Continues to Recover in June, Up 11% Over May
The demand was, however, 7.8 per cent lower than 17.67 million tonnes consumption in June 2019.
Rupee Rises 14 Paise to 74.52 Against US Dollar in Early Trade
Forex traders said positive equities, steady crude oil prices, foreign fund inflows and weak US currency supported the local unit.
In the Covid-19 Economy, You Can Either Have a Kid or a Job. You Can’t Have Both
Many adults — at least the lucky ones that have held onto their jobs — are supposed to be back at work as the economy reopens. What is confusing to me is that these two plans are moving forward apace without any consideration of the working parents who wi...
GST Intelligence Cracks Whip on Pan Masala Manufacturers, Detects Over Rs 500 Crore Tax Evasion
In order to protect government revenue, six immoveable properties and 14 bank accounts have been provisionally attached as part of the investigation proceedings by the officials of DGGI.
India's Forex Reserves up by $1.27 Billion to $506.84 Billion: RBI Data
The reserves had crossed the half-a-trillion dollar mark for the first time in the week ended June 5 after it had surged by a massive $8.22 billion and reached $501.70 billion.
RBI Needs to Revisit Policy Restricting Big Corporates from Promoting Banks: Former Deputy Governor
The former RBI governor said the needs and aspirations of the Indian economy make it necessary to look at sources of large capital from entering the banking fray.
Glenmark Posts 36% Increase in Net Profit to Rs 220 Crore in Fourth Quarter
The company's consolidated revenue for the quarter rose 7.96 per cent to Rs 2,767.48 crore as against Rs 2,563.47 crore a year ago, Glenmark Pharmaceuticals said in a regulatory filing.
Rapid Antibody Tests for Expats at Airports for Those Returning to Kerala Without Certificates
Those coming from Saudi Arabia and Kuwait without tests will have to wear PPE kits on-board flights, the government said.
Bank Stocks under Selling Pessure, IndusInd and ICICI Bank Worst Affected
IndusInd Bank, which was the top laggard in the Sensex pack, tanked 7.43 per cent on the BSE.
Indian Oil Chief Says Diesel Costlier than Petrol in Delhi Due to VAT Increase by State Govt
According to a price notification of state oil marketing companies, petrol price was unchanged after 17 consecutive increases, while diesel rates were hiked by 48 paise per litre, the 18th daily increase in a row across the country.
Exporters Asked to Get Origin Certificates for Shipments to ASEAN Members
India has a free trade agreement (FTA) with 10-nation Asean bloc. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam are the members of the bloc.
Sebi Slaps a Fine of Rs 1.55 Crore on Two Entities for Fraudulent Trading Activities
After observing large-scale reversal of trades in the illiquid stock options segment of the BSE, Sebi conducted a probe between April 2014 and September 2015.
Fitch Revises Outlook of SBI, 8 Other Banks to Negative Due to Impact of Covid-19 on Economy
The rating agency revised the outlook for Export-Import Bank of India (EXIM), SBI, Bank of Baroda, Bank of Baroda (New Zealand), Bank of India, Canara Bank, Punjab National Bank, ICICI Bank, Axis Bank while affirming their ratings.
Petrol Nears Rs 80 Mark, Diesel at New High after 16th Price Hike in a Row
In 16 days, petrol price has been hiked by Rs 8.3 per litre and diesel by Rs 9.46 - a record increase in rates of the fuel in any fortnight since pricing was deregulated in April 2002.
Wipro's New CEO Thierry Delaporte to Draw Up to 4.45 Million Euros Annual Pay Package
In a notice for its 74th annual general meeting (AGM), Wipro said it will seek shareholders' nod for appointment of Delaporte as the CEO and managing director.