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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: Premium spirits and wine importers’ body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP...
NEW DELHI: After delivering back-to-back innovations in fuel grades, Indian Oil Corporation (IOC) has now set sight on the Grand Prix and will in next three months start producing fuel used in adrenaline-pumping Formula One or F1, motor racing. The firm’s refinery at Paradip in Odisha will in three...
NEW DELHI: The combined market valuation of seven of the top-10 most valued firms climbed Rs 71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets...
NEW DELHI: The Ministry of Corporate Affairs on Friday increased the asset and turnover thresholds for mergers and acquisitions of firms that would require the approval of the antitrust regulator, sparing small deals from mandatory scrutiny and reducing the compliance burden. According to a notification by the ministry, two...
NEW DELHI: India’s next spectrum auction will get underway on May 20 when the government will put around 10,523.15 MHz of 5G airwaves worth ₹96,317.6 crore in eight key bands on sale. The department of telecommunications (DoT) on Friday set the ball rolling for the next 5G spectrum sale...
NEW DELHI: The successive economic shocks such as demonetisation, goods & services tax (GST) implementation and Covid may have led to a slowdown in consumption expenditure growth in the previous decade as compared to the preceding decade, Nomura said in its latest Asia Economic Monthly report released on Friday...
NEW DELHI: Investment worth $100 billion over 15 years will be tied with the trade agreement between India and the four-member European Free Trade Association (EFTA), to be signed on Sunday, according to people aware of the matter. The investment will be linked to the creation of one million...
MUMBAI: India’s financial market regulator and its central bank are widening an investigation into how merchant banks manage retail subscriptions in public debt issues, two sources with direct knowledge of the matter told Reuters. The Securities and Exchange Board of India (SEBI) barred JM Financial from taking new mandates...
NEW DELHI: The number of board seats held by women across India Inc has increased gradually over the past five years with them holding 18.3 per cent board seats in 2023, a Deloitte report said on Friday. The ‘Women in the boardroom: A global perspective’ report, however, said that...
NEW DELHI: Women in India are increasingly stepping into the realm of entrepreneurship as they strive for financial independence and empowerment. While there has been a surge in the number of women entrepreneurs making their mark in various industries, a significant challenge persists. Despite their entrepreneurial drive and innovative...
NEW DELHI: Commerce and Industry Minister Piyush Goyal on Friday said that the Modi government always keeps in mind commensurate and long-term benefits for the domestic industry while negotiating free trade agreements. He stressed that “gone” are the days when India used to accept the terms of the world....
NEW DELHI: SIDBI chairman S Ramann on Friday said that the Fund of Funds for Start-ups (FFS) has committed Rs 9,500 crore for the promotion of new ventures in the country. The FFS was unveiled by the Prime Minister on January 16, 2016, in line with the Start-up India...
crore in February, making it the highest monthly infusion in 23 months, driven by massive interest for thematic funds and launch of new fund offerings (NFOs). Also, the latest flow was about 23 per cent higher than inflows of Rs 21,780 crore in January. Moreover, monthly Systematic Investment Plan...
NEW DELHI: The Union Cabinet on Thursday evening approved an outlay of Rs 10,372 crore for five years for the India AI Mission, aimed at fostering innovation in artificial intelligence through public-private partnerships. Ahead of the general elections, the government also announced the extension of Rs 300 per LPG...
NEW DELHI: An inter-ministerial committee (IMC) led by the coal ministry on Thursday suggested that GST compensation cess should be imposed on an “ad valorem” (according to value) basis so that it is directly related to the price and quantity of coal, instead of a flat rate of Rs...
MUMBAI: Banks that issue business credit cards will have to monitor the end use of funds on account of those, the Reserve Bank of India (RBI) has mandated while amending its master directions for credit and debit cards. “Card-issuers may issue business credit cards to business entities/individuals for business...
NEW DELHI: The Narendra Modi government has drawn up a plan to introduce cross-border and group insolvency norms simultaneously through amendments to the Insolvency and Bankruptcy Code (IBC), as it expects to assume power for a third term, a government source told FE. “The ministry of corporate affairs has...