Business
New SEBI Chairman Promises Conflict Of Interest Disclosure Framework
MUMBAI: Capital markets regulator Securities and Exchange Board of India (SEBI) new chairman Tuhin Kanta Pandey on Friday promised to come out with a framework where Sebi board members will have to reveal conflict of interest to the public. Addressing his maiden public event, Pandey, who took charge as...
Empowered Indian Woman Shines Out In The New Global Order
Every year, around International Women’s Day, discussions on women’s empowerment resurface, creating a platform to reassess the meaning and significance of this global observance. Over the years, the connotations of Women’s Day and the activities surrounding it have evolved, redefining our understanding of what it means to empower women....
Swiggy Expands Food Delivery Service To 100 Railway Stations
NEW DELHI: Swiggy on Friday said it has expanded its food delivery service, in partnership with IRCTC, to 100 railway stations across 20 states in India. In the coming months, the food and grocery delivery platform will continue to expand its reach to more stations across the length and...
Insolvency Board Mulls More Regulatory Changes
NEW DELHI: Even as the amendments to be Insolvency and Bankruptcy Code (IBC) are getting delayed, the Insolvency and Bankruptcy Board of India (IBBI) has made a slew of regulatory changes in the past 18 months to enhance the efficiency of the resolution process. “Until amendments to the IBC...
Taxpayers Declare Foreign Assets Worth Rs 29,000-Crore Under CBDT Campaign
NEW DELHI: As many as 30,161 taxpayers voluntarily declared foreign assets worth Rs 29,208 crore for the assessment year (AY) 2024-25 to the Income-tax department under a special campaign launched in November 2024, official sources said. Under the “compliance-cum-awareness campaign,” the Central Board of Direct Taxes (CBDT) had urged...
India’s Policies Are Ensuring Resilience In Its Economy: Anna Bjerde, MD, World Bank
India could emerge as a developed country by 2047, provided it sustains high economic growth, according to Anna Bjerde, managing director of operations at the World Bank. Bjerde said she sees an economically uncertain world for some more time. In an interview to Banikinkar Pattanayak and Deepshikha Sikarwar, she...
India Inc’s Attrition Rates In 2024 Hit Lowest Point Since 2020 Amid Subdued Hiring Slowdown
Attrition levels across India Inc in 2024 fell to their lowest point since pandemic-battered 2020 as a lacklustre hiring environment, macroeconomic headwinds, layoffs and market uncertainties led to fewer opportunities while employees took a more cautious stance towards switching jobs. Organisations reported an average attrition rate of 17.4% last...
India Shifting Towards LNG Term Contracts Despite Falling Spot Prices: S&P
NEW DELHI: India’s demand for spot cargoes of Liquefied Natural Gas (LNG) is expected to reduce as importers shift towards medium and long term contracts over the next two years, as a result of multiple deals that come into effect as early as next month, S&P Global Commodity Insights...
Trade Talks With US Start Amid Glum Outlook
NEW DELHI: Donald Trump’s reiteration on Tuesday that “reciprocal tariffs” on all US imports will take effect from April 2 might have put the Indian team led by commerce and industry minister Piyush Goyal that is currently in the US to hammer out a bilateral multi-sector trade pact on...
RBI Announces Fresh OMOs, Forex Swap To Boost Liquidity
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced open market operation (OMO) purchases and a $10-billion dollar-rupee swap auction that together are expected to inject an additional Rs 1.9-lakh-crore liquidity in the banking system. The move comes even as the systemic liquidity deficit eased to Rs 20,000...
Services Sector Surges As Manufacturing Hits 14-Month Low
NEW DELHI: Despite manufacturing growth falling to a 14-month low in February, the services sector saw a sharp uptick in the month with the purchasing managers index soared to 59 from the January reading of 56.5 which was a 26-month low, buoyed by improving domestic and international demand resulting...
The Billionaires’ Club Gets Bigger On Economic Boost
MUMBAI: India’s steady rise in economic strength and entrepreneurial spirit have fuelled an unprecedented rise in the number of billionaires, making the country a key player in global wealth creation. This economic dynamism has not only increased the billionaire count but has also spurred the growth of high-net-worth individuals...
Foreign Bidders May Be Allowed In BSNL’s 5G Network Upgrade
KOLKATA: India is considering allowing foreign vendors to bid for a part of the $2 billion worth of telecom gear contract for upgrading Bharat Sanchar Nigam (BSNL) network to 5G, people familiar with the matter said. While a final decision is yet to be taken, this still marks a...
IRFC Expands Funding Beyond Indian Railways
NEW DELHI: Indian Railway Finance Corporation (IRFC), which earned Navratna status from the government, on Wednesday said that with this recognition, it can go beyond its present funding activities to the needs of the Indian railways to all other companies operating in the whole rail eco-system. Interacting with the...
BSES Launches Drone Pilot Training For Army Veterans
NEW DELHI: In a landmark initiative reflecting its unwavering commitment to the welfare of India’s armed forces personnel, BSES, in collaboration with the Army Welfare Placement Office (AWPO) has launched a transformative drone pilot training and placement program. This pioneering initiative is designed to empower ex-servicemen, those retiring within...
Cabinet Approves Changes To LHDC To Include Generic Veterinary Medicines
NEW DELHI: The Cabinet on Wednesday approved changes to the `3,880 Crore Livestock Health and Disease Control Programme (LHDC) to include the distribution of high-quality and affordable generic veterinary medicines to farmers. The total budget provided for the Livestock Health and Disease Control Programme (LHDCP) was `3,880 Crore for...
IACC Hosts Conference On Women Empowerment
NEW DELHI: The Indo-American Chamber of Commerce (IACC) successfully hosted a thought-provoking conference on Women Empowerment in New Delhi under the theme “Celebrating Womanhood: Empower, Educate, Elevate.” The event brought together distinguished leaders and advocates, emphasising the necessity of empowering women to drive societal progress. While speaking at the...
Rubrik Unveils New Capabilities To Enhance Cyber Resilience
NEW DELHI: In its ongoing commitment to deliver comprehensive cyber resiliency, Rubrik on Wednesday announced significant innovations designed to enhance protection for cloud, SaaS, and on-premises environments. The innovations aim to provide customers with even more ability to anticipate breaches, detect potential threats, and recover with speed and efficiency...
