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Updated: 21 min 18 sec ago

No Debenture Redemption Reserve norm for listed firms, NBFCs

2 hours 12 min ago
A statement by the Corporate Affairs Ministry said that the decision has been taken in pursuance of the budget announcements for 2019-20 by Finance and Corporate Affairs Minister Nirmala Sitharaman.
Categories: India News

SEBI may ease NBFC share buy-back norms

2 hours 13 min ago
If approved, then the new norms will follow the government's scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs.
Categories: India News

Sebi brings stricter penalty for non-compliance of norms

2 hours 15 min ago
A Sebi circular prescribes a penalty of Rs 20,000 per day on those listed companies which fail to comply with certain provisions of the ICDR.
Categories: India News

Petrol, diesel to cost more in Uttar Pradesh as govt hikes VAT

2 hours 18 min ago
A litre of petrol will now cost 98 paisa more across the state while a litre of diesel has become dearer by Rs 2.35.
Categories: India News

ED arrests MP CM Kamal Nath's nephew Ratul Puri in bank fraud case

2 hours 27 min ago
The ED also wants to question Ratul Puri in AgustaWestland VVIP chopper deal case.
Categories: India News

SBI announces processing fees waiver on car loans, lower housing EMIs during festive season

2 hours 39 min ago
Customers can avail attractive and cheaper loans with added benefits –waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates – spread across various categories.     
Categories: India News

Maruti Suzuki offers five-year warranty on its diesel cars

2 hours 45 min ago
The offer is valid on the diesel variants of Dzire, S-Cross, Swift and Vitara Brezza and will be available to new-car buyers at no additional cost. 
Categories: India News

Markets open marginally higher, Nifty above 11,050

4 hours 1 min ago
The BSE Sensex rose 105.99 points or 0.28 percent to 37,508.48 in early trade while the NSE Nifty inched up by 0.45 points to 11,054.35.
Categories: India News

Vodafone Idea names Ravinder Takkar as CEO

Mon, 08/19/2019 - 8:16am
Ravinder Takkar has been appointed for three years effective Aug. 19, Vodafone Idea said.
Categories: India News

SpiceJet, IndiGo to operate from Terminal 3 from September 5

Mon, 08/19/2019 - 7:23am
While SpiceJet will shift its operation from T2 to T3 entirely, IndiGo will partially move its operation from T2 to T3.
Categories: India News

Amid slowdown, RBI Governor hints at softer approach on rates

Mon, 08/19/2019 - 6:33am
In his inaugural address at the Indian Banks' Association annual flagship conference, FIBAC 2019, here, the Reserve Bank of India (RBI) Governor also said the real test for public sector banks (PSBs) is their ability to tap the capital market to raise funds.
Categories: India News

Markets close marginally higher, Nifty surges above 11,000

Mon, 08/19/2019 - 6:27am
Foreign portfolio investors sold shares worth a net of Rs 1,339.27 crore on Friday, while domestic institutional investors purchased shares worth Rs 1,058.28 crore, provisional data showed.
Categories: India News

ED sends notice to former FM P Chidambaram in Aviation scam case

Mon, 08/19/2019 - 6:06am
The case pertains to purchase of 111 aircraft from Boeing and Airbus at Rs 70,000 crore, ceding of profitable routes and schedules to private airlines and opening of training institutes with foreign investment.
Categories: India News

Direct Tax Code set to replace existing Income Tax Act of 1961, Task Force to submit report today

Mon, 08/19/2019 - 4:22am
In order to review the Income-tax Act, 1961 and to draft a new direct tax law in consonance with the economic needs of the country, a Task Force was constituted by the Government in November, 2017.
Categories: India News

Experts' hope high from direct tax code

Mon, 08/19/2019 - 2:58am
The Modi government in its previous term had set up an Expert Committee in 2017 to draft a new Direct Tax Code (DTC) to replace the decades-old Income Tax Act, 1961.
Categories: India News

Paytm promotes CFO Madhur Deora as President

Mon, 08/19/2019 - 2:00am
Prior to joining Paytm in October 2016, Deora served as Managing Director in Citigroup's investment banking business.
Categories: India News

SBI extends credit period for auto dealers by 15-30 days

Mon, 08/19/2019 - 12:24am
The auto sector is the worst-hit sector in the current slowdown and apart from huge inventory build-up, the companies are resorting to production shutdowns to cope up with poor sales.
Categories: India News

Markets open in green, Nifty surges above 11,000

Mon, 08/19/2019 - 12:10am
The BSE Sensex rose 95.44 points or 0.26 percent to 37,445.77 in early trade while the NSE Nifty edged higher by 46.35 points or 0.42 percent to 11,094.15.
Categories: India News

Mission 2022: Indian Railways eyes 100% electrification for faster trains, cost reduction

Sat, 08/17/2019 - 6:26am
While the average speed of trains will increase, the Indian Railways will also save on the operational cost.
Categories: India News

Google removes 85 apps Play Store over hidden adware

Sat, 08/17/2019 - 3:51am
Google has removed 85 apps from its Play Store after security researchers at Trend Micro found a particularly annoying adware hiding inside.
Categories: India News