Listing of Life Insurance Corporation (LIC) and sale of government's stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic, news agency PTI reports quoting sources.
JR Sood, Founder & Chairman of the EROS Group, a family-owned business entity with a primary focus on Hospitality, Real Estate and Entertainment, passed away on Sunday at the age of 94.
Drug firm Zydus Cadila on Tuesday said it has received final nod from the US health regulator to market generic Perphenazine tablets used for the treatment of schizophrenia. The company has received final approval from the United States Food and Drug Administration (USFDA) to market Perphenazine tablets USP in the strengths of 2 mg, 4 mg, 8 mg and 16 mg, Zydus Cadila said in a statement.
A day after Finance Minister announced Rs 1.7 trillion economic package for country, the Reserve Bank of India governor Shaktikanta Das announced bold measures cut lending rates by slashing repo rate and reverse repo rate by massive 70 bps and 90 bps respectively. He also announced a 3-month moratorium on loans.
Sitharaman today announced an economic package that will benefit migrant workers, urban and rural poor which will be known as the Prime Minister Gareeb Kalyan scheme.
The National Company Law Appellate Tribunal on Monday allowed JSW Steel to acquire Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate.
Shares of Oil and Natural Gas Corporation fell over 3 per cent on Monday after the company posted halving of its December quarter net profit.
Tech Mahindra Ltd on Tuesday announced the inauguration of its new delivery centre. The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao. The new facility is in line with Tech Mahindra's TechMNxt charter, which focuses on leveraging next-generation technologies and solutions, like artificial intelligence among others to address real-world problems to meet the customer's evolving and dynamic needs, a press release from the IT firm said.
Travis Kalanick, who built Uber into a ride-hailing giant, only to be ousted as CEO over the company's sexist “bro” culture, is cashing out. Kalanick disclosed Tuesday that he has sold off all his Uber stock — estimated at more than $2.5 billion — and is resigning from the board of directors, severing ties to the company he co-founded a decade ago.
Production of cement (- 7.7 per cent), steel (- 1.6 per cent), and electricity (- 12.4 per cent) also declined during the month. The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.
The stock holding limit was imposed in September. At present, retailers can stock onion only up to 100 quintals and wholesale traders are allowed to keep up to 500 quintals. Food and Consumer Affairs Minister Ram Vilas Paswan on Wednesday had asserted that the government was making maximum efforts to control prices.
The maximum commission for foreman, who is responsible for managing the chit, is proposed to be raised from 5 per cent to 7 per cent. The bill also allows the foreman a right to lien against the credit balance from subscribers.
Rival Kotak Mahindra Bank has also announced free tags till December 1 with a similar limited period offer, an official statement said, while an HDFC Bank official said the lender has waived off the processing charges of Rs 100 till December 31.
The consultation paper from Trai has been issued when telecom operators have announced their plan to raise tariffs. The regulator has floated a proposal to ask telecom operators to retain details of old plans, while they publish information around new plans.
All the plants and units of the company are working on a mission mode to reduce the cost of production with the guiding principle 'Do More With Less'," SAIL Chairman Anil Kumar Chaudhary said in a statement.
Tax bonanza for individuals could be on cards as the Modi government is planning to slash existing tax rates for individual taxpayers in an effort to boost demand. The news comes after task force on direct taxes recommended revising income tax slabs.
Public sector lender State Bank of India on 1st of May became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India's repo rate. Read on to find out more!
New Delhi, May 21: Concern was voiced in Parliament today over ongoing strike by Air India pilots which has been going on for two weeks with members alleging that the extreme “arrogance” by the government
New Delhi, May 18: Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha today.Kingfisher Airlines was
New Delhi, May 18: Retail inflation shot up to the double digit mark at 10.32 per cent in April on account of substantial increase in vegetable, edible oils and milk prices.Based on the Consumer Price
Top News
Latest News
