The government plans to build a ‘power bank’ of 4,000 MW (megawatt) battery storage for grid operators and discoms, indicating an innovative approach towards promoting renewable energy and encouraging domestic manufacturing in the...

The first batch of payment to states and Union Territories amounting to Rs 75,000 crore to meet compensation shortfall under Goods and Services Tax (GST) for financial year 2021-22 was released on Thursday. This is part of...

The multinational card network is barred from adding a new credit, debit or prepaid card customer in India beginning July 22, RBI in its press release statement, adding the order will not affect existing Mastercard customers. Barely three...

The $1.3 billion IPO of Zomato Ltd. was completely subscribed on the opening day, a vote of confidence in a market where a slew of local entrepreneurs are gearing up to go public. Zomato, an online meal delivery service, received bids for 749...

The International Financial Services Centres Authority (IFSCA) on Wednesday said it has set up an expert committee in order to recommend the road map for the development of Longevity Finance Hub. Global estimates suggest that there are one...

India’s wholesale price inflation eased in June to 12.07 percent from a record 12.94% a month ago as food and fuel prices fell while those of manufactured items accelerated. Data released by the industry department showed food inflation...

States borrowing costs continue to rise, yields soar back to 7 percent. The cost of borrowings for the states has been ruling over 6.9 percent since the third week of June. It has since risen by 24 bps since mid-June, and by 43 bps since the first...

The initial public offering (IPO) of Zomato will open for subscription today, July 14, 2021, at a price band of Rs 72-76 per share. The offer will be available for subscription till Friday, July 16th, 2021. The restaurant...

The Adani Airport Holdings Ltd (AAHL), a wholly-owned subsidiary of Adani Enterprises Limited, has taken over the management control of Mumbai International Airport Limited (MIAL), India's second busiest airport by both passenger and cargo...

The government will “eventually” privatize most of the public sector banks and keep its presence to a bare minimum, as is the stated policy now, Finance Secretary TV Somanathan suggested on Tuesday. Speaking at the India Policy...