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Funding of cosmetics startups doubles to $108m
Startups in beauty and cosmetics space saw investments more than double to $108 million in 2019 till date, as compared to $51 million in 2018. The number of deals also rose to 12 from seven. -
Finance ministry turns down MoRTH’s demand for Rs 43,000 crore hike in outlay
Despite the apparent thrust being given to infrastructure spending, the finance ministry has rejected the road transport and highway ministry’s demand for hiking the budget outlay for it by Rs. 43,000 crore or 51% over the budget estimate. -
Management consultancies see result-link payout
With companies adopting a result-oriented approach, payment models of management consultancies have undergone a drastic change. When a company hires a management consultancy, the demand is to split payment between a fixed component and a variable one that is linked to performance. -
Lenders yet to classify DHFL as NPA
Most public sector banks have held back from making bad loan provisions of advances to troubled housing finance company DHFL despite the account being ‘red-flagged’ under RBI’s framework for dealing with fraudulent disbursements. -
10 shortlisted for RBI deputy governor's post
Ten candidates are understood to have been interviewed last week for the post of deputy governor — vacated by Viral Acharya— in charge of the monetary policy department in the Reserve Bank of India. -
Job uncertainty rises for spouses of H-1B visa holders
The United States Court of Appeals in its recent order has concurred with the views of ‘Save Jobs USA’ that granting of work permits (employment authorisations) to spouses of H-1B visa holders increases competition for American jobs. As spouses are able to work, it provides an incentive to the H-1B visa holders to continue to stay in the US. -
Job uncertainty rises for spouses of H-1B holders
The United States Court of Appeals in its recent order has concurred with the views of ‘Save Jobs USA’ that granting of work permits (employment authorisations) to spouses of H-1B visa holders increases competition for American jobs. As spouses are able to work, it provides an incentive to the H-1B visa holders to continue to stay in the US. -
Indian economy currently facing challenges, says Nirmala Sitharaman
Launching the book titled #39;The Rise of Finance: Causes, Consequences and Cure#39;, she said it will help "understand the current economic situation facing both the world and Indian economy" -
Indian economy currently facing challenges, says Sitharaman
Nageswaran is dean of IFMR Graduate School of Business at Krea University. Natarajan is senior managing director at Global Innovation Fund. -
Economy currently facing challenges: Sitharaman
Nageswaran is dean of IFMR Graduate School of Business at Krea University. Natarajan is senior managing director at Global Innovation Fund. -
These 12 services sectors on govt’s radar to boost exports, FDI inflow; eyes investments, tie-ups
The government, through GES, seeks to enhance strategic cooperation and develop synergies to strengthen multilateral relationships between all stakeholders, tap the potential for services exports and increase FDI inflow. -
Petrol prices above Rs 73/litre for 3rd consecutive day
With a rise of 45 paise per litre, petrol prices in Delhi remained above Rs 73 per litre for the third consecutive day on Sunday. Diesel prices, however, remained unchanged. -
100% FDI in coal mining to help India achieve 300 MT steel output target: Deloitte
There is an opportunity to partner with some of the global miners specifically in the area of technology transfer, he said and added that this would be an important step in advancing the competitiveness of India's mining sector, particularly in the area of digitisation. -
Govt may extend anti-dumping duty on imports of clear float glass
The directorate has said there is a likelihood of dumping and injury to the domestic industry, if the existing anti-dumping duties are allowed to cease. -
SEPC urges govt to add services under export incentive scheme to promote sector overseas
Scrips or certificates provided under the scheme can be used for payment of basic and additional customs duties on goods imported. These are freely transferable. If an exporter is not in a position to use the scrip, they can sold in open market. -
No claimants for Rs 300 crore in dormant Swiss accounts of Indians! Here’s what will happen now
The claim period for two such accounts -- which are in the names of Leila Talukdar and Prmatha N Talukdar -- would end next month on November 15, while the assets can be claimed till December this year for accounts in the names of Chandralata Pranlal Patel, Mohan Lal and Kishore Lall. -
FPIs invest over Rs 12,000 cr in first week of November
Additionally, US Fed's rate cut on October 30 for third time this year coupled with a reprieve in the US-China trade war, has helped increase risk-appetite among global investors, who are now looking at emerging markets such as India for their investments, Srivastava said. -
Equity mutual fund inflow Rs 6,015 crore in October, hits 5-month low
In comparison, net inflows in equity and equity-linked saving schemes stood at Rs 6,489 crore in September. Such inflows stood at Rs 9,090 crore in August, Rs 8,092 crore in July, Rs 7,585 crore in June and Rs 4,968 crore in May. -
Airlines suspend flights, issue travel advisory due to Cyclone Bulbul
Major airlines including IndiGo, Spicejet, Air Asia suspended all flight operations to and from Kolkata after the IMD warning about the Cyclone Bulbul.
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