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MUMBAI: The peer-to-peer (P2P) lending industry is currently in a recalibration phase as companies are awaiting clarity from the Reserve Bank of India (RBI) on specific issues. Some platforms have scaled back on their partnerships with large consumer-facing companies and witnessed a slowdown in growth. The RBI has increased...
NEW DELHI: Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development...
NEW DELHI: The Central Board of Indirect taxes and Customs (CBIC) is planning to prepare a list of products which end up in litigation purely due to classification issues. The fitment committee is likely to look into such items where there is a minor change in composition but the...
LONDON/NEW DELHI: India remains the world’s top arms importer and its imports increased by 4.7 per cent between 2014–2018 and 2019–2023, Swedish think tank SIPRI said in a new report on Monday. Russia continued as India’s main arms supplier, the Stockholm International Peace Research Institute (SIPRI) said, adding around...
BENGALURU: India Inc’s hiring sentiment for the April-June quarter is the highest across 42 countries covered in a global survey by workforce solutions company ManpowerGroup. The net employment outlook seen as a bellwether of labour market trends in India for the next quarter at 36% is 14 percentage points...
NEW DELHI: The government has abolished wireless operating licence and launched a regulatory sandbox for quick and online approval of product testing, Union Communications and IT Minister Ashwini Vaishnaw said on Monday. While speaking at the curtain raiser of the telecom sector event India Mobile Congress (IMC) 2024, the...
NEW DELHI: The Department of Pharmaceuticals has revamped a scheme which entails financial assistance to drug companies to help them upgrade their facilities to produce medicines conforming to global standards, an official release said on Monday. As per the revamped Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS), the government has...
MUMBAI: Sebi chairperson Madhabi Puri Buch on Monday said there are pockets of “froth” in small and mid-cap stocks which appear like “irrational exuberance” to the capital markets regulator. Buch also said that Sebi has evidence, pointing to signs of “price manipulation” in the small and medium enterprises (SME)...
NEW DELHI: AstraZeneca Pharma India Ltd and Mankind Pharma Ltd on Monday said they have entered into an agreement for exclusive distribution of the Symbicort brand, an asthma medicine, in India. Symbicort is owned by AstraZeneca, which will retain the intellectual property rights and will continue to be the...
NEW DELHI: Control Print Ltd on Monday announced the acquisition of 50.49 per cent in UK-based Codeology Group Ltd, a provider of print and apply systems, for £1 million (over Rs 10 crore). The acquisition will help Control Print get a toehold in the UK market, leading to new...