The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders.
The government will soon bring a bill on crypto currencies as existing laws are inadequate to deal with issues concerning them, minister of state for finance Anurag Thakur told Rajya Sabha on Tuesday.
The tussle between two of the world’s richest men -- Jeff Bezos and Mukesh Ambani -- to dominate India’s estimated $1 trillion retail markets is testing foreign investor patience with flip-flopping court rulings. This week saw new developments in Amazon’s legal battle to block Reliance from acquiring Future Retail Ltd’s assets, in what would be India's largest retail-sector deal.
The government on Tuesday expressed concern over reports that automobile manufacturers are selling vehicles with purposefully downgraded safety standards in India and asked them to stop the 'unpardonable' practice.
India will make up the biggest share of energy demand growth at 25% over the next two decades, as it overtakes the European Union as the world's third-biggest energy consumer by 2030, the International Energy Agency (IEA) said.
Indian-origin leading corporate lawyer Dilhan Pillay Sandrasegara will succeed Prime Minister Lee Hsien Loong's wife as chief executive officer and executive director of a state-owned wealth management group.
Petrol and diesel prices on Tuesday climbed to fresh highs in the country as rates were hiked after a three-day hiatus. Petrol and diesel prices were hiked by 35 paise per litre each, according to price notifications of state-owned fuel retailers.
A US court has asked for a joint status report on the prospects of work authorisation for H4 visas, in view of the decision of the Biden administration to withdraw the move of Trump-era to rescind work authorisation to certain categories of spouses of foreign professional on H-1B visa.
There is a massive spurt in the number of new companies that were registered in the country during the first nine months of the financial year. Latest data showed that the number of companies incorporated during April-December 2020 went up by nearly 21% to over 1.1 lakh, compared to a 5.2% increase witnessed during the corresponding nine month period in 2019.
Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday, a move that could expand how the most popular cryptocurrency is used for real-world transactions.
Tesla invested $1.5 billion in bitcoin and signalled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a new record after the vote of confidence from the electric-car market leader. Tesla said in a filing on Monday it made the bet on bitcoin after updating its investment policy last month to invest in digital assets, gold bullion and gold exchange-traded funds.
Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round of funding that has doubled its valuation to $6 billion.
In its annual report on Ombudsman Schemes, the central bank said over a fifth of the complaints were about services at ATMs or with debit cards, followed by mobile or electronic banking at 13.38 per cent. Non-observance of Fair Practices Code (FPC) was at third place.
Finance minister Nirmala Sitharaman on Monday said the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 per cent of the gross domestic product (GDP) for the current financial year.
Domestic air travel demand contracted by 41 per cent year-on-year to around 76 lakh passengers in January with sequential growth also slowing down to 3.5 per cent during the month over December 2020, a report said on Monday.
India has challenged in the Singapore high court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, and the order passed in Cairn Group's case is under consideration of the government, Parliament was informed on Monday.
Tesla Inc said on Monday it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, prompting a 7% jump in the electronic currency.
Investor wealth has jumped over Rs 16.70 lakh crore as markets extended its winning streak to the sixth session on Monday. The BSE benchmark sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday. During the day, the benchmark index jumped to its all-time high of 51,523.38.
Almost three decades ago, Sunil Vachani borrowed $35,000 so he could start making 14-inch television sets in a rented shed outside New Delhi. It was an unconventional choice given India, though renowned for software and services, had long lagged behind in manufacturing.
The Delhi high court on Monday stayed its single judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail. A bench of Chief Justice D N Patel and Justice Jyoti Singh passed in the interim direction on FRL's appeal challenging the February 2 order of the single judge.
Equity indices continued to surge for the sixth straight session on Monday with the benchmark BSE sensex rising over 600 points led by gains in auto and metal stocks. The 30-share BSE index jumped 617 points or 1.22 per cent to close at fresh peak of 51,349. The broader NSE Nifty settled 192 points or 1.28 per cent higher at 15,116.
The Reserve Bank of India (RBI) on Monday announced its plan to buy bonds worth Rs 20,000 crore under Open Market Operations (OMO) to support the government’s borrowing programme.
It’s just not the novel coronavirus that is keeping pharma and healthcare honchos awake at night. Pharma companies, hospitals and healthcare firms are being increasingly hit by another lethal virus lately, and this one is from the virtual world.
India’s central bank will target to buy more than Rs 3 lakh crore ($41 billion) of sovereign bonds in the year starting April 1 to cap benchmark yields at about 6%, according to a person familiar with the matter.
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.
The UK has sought flexibility in India’s data norms as part of the talks for a trade and investment treaty, something that the government is unwilling to provide. While data adequacy is another area flagged by British businesses, the Indian government has pointed out that it has limited policy space.Almost three decades ago, Sunil Vachani borrowed $35,000 so he could start making 14-inch television sets in a rented shed outside New Delhi. It was an unconventional choice given India, though renowned for software and services, had long lagged behind in manufacturing.
HCL Technologies (HCL) on Monday announced special one-time bonus worth over 700 crore to its employees. The global tech company said that the bonus announcement is "in recognition of its recent milestone."
The airline, through its creatives across social media and website is raising awareness of how certain people claiming to represent IndiGo are misusing the brand name and the names of IndiGo employees, demanding money in exchange for interviews or jobs.
The govt may reduce the number of public sector enterprises to just around two dozen, from over 300 at present, following the new policy that focuses on privatisation in non-core sectors, while shutting down loss making state-run enterprises. FM Nirmala Sitharman had identified atomic energy, space, defence, transport, telecommunications, power, petroleum, coal and other minerals and banking, insurance and financial services as strategic sectors.
South Korea's Hyundai Motor Co and Kia Corp said on Monday they are not in talks with Apple Inc on developing autonomous vehicles, sending their shares tumbling.
Finance minister Nirmala Sitharaman on Sunday said the government will work with the Reserve Bank for execution of the bank privatisation plan announced in the budget.
Union civil aviation minister Hardeep Singh Puri on Sunday said his ministry has set a target of operationalising 100 unserved and underserved airports and starting at least 1,000 air routes under the UDAN scheme.
She also said the government wants few public sector enterprises in specified sectors to do well, so that we can ensure that tax payer money is spent wisely. "It is not what the Opposition says about selling family silver, it's not at all," she said addressing a meeting of business people here.
TDP leader G Srinivasa Rao on Saturday said he has resigned as an MLA from the Andhra Pradesh assembly in protest against the Centre's decision to privatise Rashtriya Ispat Nigam Limited (RINL) steel plant.
The National Bank for Agriculture and Rural Development (Nabard) on Saturday said it has sanctioned Rs 30,200 crore and disbursed Rs 16,500 crore for various rural infrastructure projects across the country under the Rural Infrastructure Development Fund (RIDF) in the first 10 months of the current financial year.
State-owned Oil and Natural Gas Corporation (ONGC) has cut carbon emission intensity of its operations by over 12 per cent in the last five years as part of making its operations more sustainable, chairman and managing director Shashi Shanker said.
Ahead of the assembly polls in Assam, Union finance minister Nirmala Sitharaman on Saturday distributed Rs 3,000 each to 7.47 lakh tea garden workers in the state, totalling Rs 224 crore.
The overall US trade deficit surged to a 12-year high in 2020 as the Covid-19 pandemic weighed on both exports and imports, the commerce department said.
India's internet startups leaders that operate business ranging from food delivery, e-commerce to online insurance are now on the cusp of listing, a report said putting their combined value at $180 billion by 2025.
A hacker group has allegedly leaked data of Army personnel using Bharti Airtel network in Jammu and Kashmir, however, the company has denied any breach in its system.
Top industrialist and Tata Group chairman emeritus Ratan Tata on Saturday responded to Twitter users who have been demanding Bharat Ratna for him. Bharat Ratna is the country's highest civilian honour. Taking it to Twitter, the 83-year-old Tata Group patriarch asked users to "discontinue such campaigns".
Cognizant's annualised attrition rate in the December quarter was 19%, one of the highest among the large IT companies. Attrition for most Indian peers were in low double digits, primarily due to the weak job market created by the pandemic.
The RBI has announced a 24X7 helpline for information on grievance redressals. “The major payment system operators would be required to facilitate setting-up of a centralised industry-wide 24x7 helpline for addressing customer queries in respect of various digital payment products and give information on available grievance redress mechanisms by September 2021,” the RBI said.