The Department of Public Enterprises (DPE) will be moved to the Finance Ministry by the government. The announcement comes just hours before a significant government upheaval. The DPE, which was previously under the Ministry of Heavy Industries...
Reliance Industries Ltd (RIL) is looking to buy the Norwegian solar module manufacturer REC Group as part of the oil refiner’s ₹75,000 crore push into clean energy, said two people aware of the development. Chairman and managing...
The Reserve Bank of India (RBI) will purchase government bonds worth 20,000 crore on the open market on Thursday as part of the G-sec Acquisition Programme (G-SAP 2.0). The Reserve Bank of India's governor, Shaktikanta Das, stated earlier this...
The Reserve Bank of India (RBI) on Wednesday imposed penalties on 14 banks for contravening provisions related to bank lending to non-banking financial companies (NBFCs) and maintaining data on large exposures. The penalty was...
Operating profitability of the companies rose in the pandemic year 2020-21, reversing the prior two-year trend of falling profits, even as the impact on profitability and debt repayment capacity has been varied depending upon the size of...
As per the agency, domestic passenger traffic is estimated at about 29-30 lakh, implying a sequential growth of about 41-42% during June, compared to about 19.8 lakh in May 2021. Domestic air passenger traffic is predicted to grow by about...
.jpg "Reliance in Talks with Flex and Karbonn Phone Makers for JioPhone Next")
Reliance Jio is in talks with local and international players for contract manufacturing of its ultra-low cost Android smartphone JioPhone Next. According to reports, the corporation has had talks with Singapore-based electronics firm Flex and UTL...
.jpg "June GST collection slips below 1 lakh Cr, hits 10-Month Low")
After topping the Rupees 1-lakh-crore mark for eight months, gross Goods and Services Tax (GST) collections came in at a 10-month low of Rs 92,849 crore in June (for sales in May), data released by the Finance Ministry on Tuesday showed. This...
The Power Ministry has informed states and central power generation companies that the power distribution companies (discoms) are permitted to exit power purchase agreements (PPAs) after completion of the term of the agreements. The clarification...
Even under the believed construction, a tax tribunal has ruled that oblique taxes are applicable to bills incurred by venture capital, private equity, and mutual fund companies. This includes expenses such as ‘carry charges’, allowed...
We use cookies to ensure you get the best experience on our website. Read more...
