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-
I bought East India Company but UK’s Takeover Panel didn’t allow sale: Subhash Chandra
Zee Group Chairman Dr Subhash Chandra had bought East India Company 25 years ago in 1995. -
Ice cream sold by parlours get expensive as it comes under 18% GST slab
Ice creams sold by a parlour or such outlets will attract 18 per cent Goods and Services Tax (GST). -
Don’t want any fracas with Invesco, ZEEL is not mine but of 2.5 lakh shareholders: Subhash Chandra
Zee Group Chairman Dr Subhash Chandra said that Zee Entertainment Enterprises’ shareholder Invesco should resolve the matter peacefully. -
Moody's raises rating outlook to stable for 18 corp, banks
Moody's Investors Service on Wednesday raised the rating outlook for 18 Indian corporates and banks, including Reliance Industries, Infosys, SBI and Axis Bank, to 'stable' from 'negative'. -
Government notifies 100% FDI in telecom
The government on Tuesday notified its decision to permit 100 per cent foreign direct investment (FDI) under automatic route in the telecom services sector. In a press note, the Department for Promotion of Industry and Internal Trade (DPIIT) said foreign investment in telecom services will be subject to the condition of Press Note 3 of 2020. -
Johnson brushes off UK woes, vows to transform economy
Prime Minister Boris Johnson shrugged off Britain's problems of empty gas pumps, worker shortages and gaps on store shelves as he told fellow Conservatives on Wednesday that the UK would emerge from Brexit and the coronavirus pandemic as a more productive and dynamic nation. -
Investors lose Rs 2.57 lakh crore as markets tumble
Equity investors became poorer by Rs 2,57,785.17 crore on Wednesday as benchmark indices came under heavy sell-off tracking weak global markets. The 30-share BSE benchmark tumbled 555.15 points or 0.93 per cent to close at 59,189.73, halting its two-day rally. -
Aditya Birla AMC IPO allotment: Here's how to check application status
Follow the steps to check Aditya Birla Sun Life AMC IPO allotment status. -
How India compares with some nations similarly rated by Moody#39;s
For this exercise, six nations have been taken, including India, whose long-term sovereign debt have been assigned the two lowest investment grade ratings by Moody’s: Baa2 and Baa3. -
India in last stage of finalising details on global minimum tax
Finance minister Nirmala Sitharaman on Wednesday said India is "very close" to arriving at the specifics of the two-pillar taxation proposition at the G20 and is in the last stage of finalising the details. -
Electronic Pension Payment Order: Centre merges EPPO with Digi Locker, 23 lakhs pensioners will benefit
The Central government has announced the integration of the Electronic Pension Payment Order (EPPO) with Digi Locker. -
Crypto platform CoinSwitch Kuber raises $260 million
Crypto asset platform CoinSwitch Kuber has raised $260 million in Series C funding round from Andreessen Horowitz (a16z), Coinbase Ventures and existing investors Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global. With this investment, CoinSwitch Kuber turns a unicorn valued at $1.9 billion. -
Sensex tanks 555 points amid global selloff
Equity benchmark sensex plunged 555 points on Wednesday following losses in index majors Reliance Industries, Infosys and ICICI Bank amid a selloff in global markets. -
Key decisions by Union Cabinet
The Union Cabinet on Wednesday announced certain key decisions for railway as well as textile and garment sectors. Union ministers Piyush Goyal and Anurag Thakur briefed the media on the decisions taken after the cabinet meeting, that was chaired by Prime Minister Narendra Modi. -
Ambitious ethanol plan spurs food security fears in India
India’s ambitious plan to cut the use of fossil fuels by promoting ethanol derived from rice, corn and sugar is drawing criticism from some experts who warn the move could undermine food security in the world’s second-most populous country. -
Make In India: Centre approves setting up of 7 mega textile parks with Rs 4,445 crore outlay
Textiles Minister Piyush Goyal announced the decision to set up of seven Mega Integrated Textile Region and Apparel (PM MITRA) parks. -
Housing sales in Delhi NCR down 22% in Jan-Aug, check Mumbai, Bengaluru’s realty performance
Housing sales in the Delhi-NCR property market fell 22 per cent during January-August period to 16,846 units. -
Moneycontrol Pro Panorama | Why investors should care about the aftereffects of disruption
In today’s edition of Moneycontrol Pro Panorama: Moody’s change of mind, The NBFC worry line, ‘chemical’ reaction to China crisis, IT’s on a roll, Merck drug shows promise, what decides returns, and more -
Modi govt’s big festive bonanza for Railway employees! Bonus equivalent to 78 days' wages approved
About 11.56 lakh non-gazetted Railway employees are likely to benefit from the decision. Payment of PLB to eligible railway employees is made each year before the Dusshera/ Puja holidays. The decision of the Cabinet shall be implemented before the holidays for this year as well. -
Sensex tanks 555 points amid global selloff; Nifty sinks below 17,700
Equity benchmark sensex plunged 555 points on Wednesday following losses in index majors Reliance Industries, Infosys and ICICI Bank amid a selloff in global markets. -
Income tax Return: SBI introduces offers on ITR filing as deadline nears, check details
State Bank of India (SBI) has launched offers on income tax returns or ITR filing. -
RBI starts deliberating next monetary policy
Reserve Bank's rate-setting panel started its three-day deliberations on the next bi-monthly monetary policy on Wednesday amid rising global commodity prices and the need to contain inflation at home. -
Domestic air passenger traffic grows 2-3% to about 69 lakh in Sept: Icra
India's domestic air passenger traffic grew marginally 2-3 per cent at around 69 lakh in September as compared to around 67 lakh in August, credit ratings agency Icra said in a release on Wednesday. The local carrier operated higher capacity at 54 per cent in September 2021 over the same month last year. -
Gold Price Today, 06 October 2021: Gold prices plunge below Rs 45,620
Silver also tumbled Rs 462 to Rs 59,341 per kg, from Rs 59,803 per kg in the previous trade. -
RBI Monetary Policy October 2021: MPC may keep repo rate unchanged for 8th straight meet; stance accommodative
The Reserve Bank of India's Monetary Policy Committee is expected to keep a status quo on key policy interest rates and accommodative stance in its upcoming policy review. -
Good news for government employees! PFRDA allows online paperless exit process through NPS, know details
The online exit would be integrated with Instant Bank Account Verification as per the existing guidelines as part of enhanced due diligence in the interest of Subscribers.
-
IDBI Bank introduces festive offers on home, auto and education loans, check details
IDBI Bank has launched festive offers on loans, education loans, and home loans. -
Peak power demand in Delhi inches past that of 2019 and 2020
This year, between July and September, Delhi's peak power demand was 53 per cent higher in comparison with the corresponding days of 2020 and 34 per cent more than 2019, discom officials said. -
RBI#39;s interest rate-setting panel starts deliberating next monetary policy
The decision of the six-member Monetary Policy Committee (MPC) would be announced on Friday by RBI Governor Shaktikanta Das on Friday. -
RBI could provide adequate cues on likely glide path of normalisation in policy meet
Apart from the tapering of asset purchases by the US Fed, what will weigh on the Monetary Policy Committee meeting scheduled October 6 to 8 is the global energy crisis that’s pushing up crude oil and coal prices -
Invesco reeks of impropriety, is there a Chinese conspiracy against ZEEL-Sony mega-merger?
A recent fact-laden statement by Dr Subhash Chandra - Founder, Zee Entertainment Enterprises Limited, has posed some really tough questions for Invesco who is believed to be acting at someone's behest --pointing all fingers on China. -
SVAMITVA Yojna enhanced rural economy#39;s strength, to be implemented at national level: PM Modi
Addressing virtually a function in Harda district of Madhya Pradesh, Modi said after the successful implementation of the SVAMITVA Yojna on a pilot basis in some states, it will be implemented at the national level for ensuring the development of rural areas. -
Mid-air delivery: How AI ensured medicare for newborn baby, mother
Air India’s Maharaja showed great presence of mind on Tuesday to ensure that the premature baby and mother get medical care at the earliest after the delivery onboard its London-Kochi flight on Tuesday. -
Invesco reeks of impropriety, Chinese conspiracy against ZEEL-Sony mega-merger?
A recent fact-laden statement by Dr Subhash Chandra - Founder, Zee Entertainment Enterprises Limited, has posed some really tough questions for Invesco who is believed to be acting at someone's behest --pointing all fingers on China. -
Honda's bumper Navratri offer! Get upto Rs 53,000 discount on Honda City, Jazz, WR-V and Amaze
These special offers for customers will be in form of Cash Discounts, Accessories, Loyalty bonus and special Exchange benefits. -
Jab PM Modi met Rakesh Jhunjhunwala! Modi describes him as ‘lively, insightful and very bullish on India’
"Delighted to meet the one and only Rakesh Jhunjhunwala... Lively, insightful and very bullish on India," Modi tweeted.
-
RBI's big gift to bank employees ahead of festive season! Revision in Bank Family Pension, check details here
RBI said that the banks will be required to make appropriate disclosures of the accounting policy followed in this regard in the 'Notes to Accounts' to the financial statements. -
LPG cylinder price October 6, 2021: Domestic LPG gas becomes costlier, check out how much you need to pay for a 14.2 kg gas cylinder
Earlier on October 1, petroleum companies hiked the price of commercial Liquefied Petroleum Gas (LPG) cylinders by Rs 43.50. -
A Baa3 rating is not in sync with Moody#39;s bullish assessment of India
Despite brighter macroeconomic prospects, a string of policy reforms, and a fast recovering financial sector emerging from a rubble of bad loans, India’s credit rating still remains tantalisingly close to the ‘junk status’ -
A Baa3 rating is not in sync when Moody’s feels bullish otherwise
Despite brighter macroeconomic prospects, a string of policy reforms, and a fast recovering financial sector emerging from a rubble of bad loans, India’s credit rating still remains tantalisingly close to the ‘junk status’ -
Facebook fuels division, harms children: Whistleblower
The testimony in US Congress by ex-employee Frances Haugen has fueled one of Facebook's most serious crises yet, and prompted a denial from CEO Mark Zuckerberg, who said in a post on his account that her claim the company prioritizes profit over safety was "just not true." Haugen testified on Capitol Hill after she leaked reams of internal research to authorities and The Wall Street Journal. -
Petrol, Diesel Prices Today, October 6: Fuel rates soar to fresh record high
With the latest change, petrol and diesel are now selling at record high prices. For instance, the price of one-litre petrol in Delhi now stands at Rs 102.94 per litre as against its previous price of Rs 102.64 per litre while the fuel is selling for Rs 108.96 as against its previous price of Rs 108.67 per litre in Mumbai. -
Why did Moody’s improve its credit rating outlook from negative to stable?
The repair of bank balance sheets has removed a key overhang from the economy and has lowered the risks of negative feedback from the financial to the real economy -
Vehicle Scrapping Policy to come into force from 1st April 2022: Discard old and polluting vehicles for THESE benefits
In the Vehicle Scrapping Policy, it is proposed to have a system of incentives and disincentives to nudge vehicle owners to discard old and polluting vehicles, which have higher maintenance and fuel consumption costs. -
DoT hints at spectrum charge relief for telecom sector
The Centre on Tuesday told Supreme Court it is "reviewing and reconsidering" its decision pertaining to one-time spectrum charges involving Rs 40,000 crore in order to bail out the telecommunication sector. -
Private equity inflows plunge 30% in Q3 to $17 billion: Report
The massive decline is despite a huge jump in volumes in Q3 at 457 deals involving 537 companies as against just 231 deals across 282 companies, shows the data collated by Refinitiv, an LSG Group entity that#39;s a leading supplier of financial markets data and insights. -
‘Pandora papers’ show London is a key hub for tax avoidance
Transparency advocates are calling on Britain to tighten the country’s defences against money laundering and tax avoidance after a massive leak of financial data showed how London is a key destination of choice for some of the world’s richest and powerful people to conceal their cash. -
Chip shortage, demand surge cause long waitlists for consumer durables
Severe shortage of semiconductors and a swift rebound of demand in the global economy have resulted in long waiting periods across many consumer product categories such as cars, SUVs, appliances and electronics. The shortage comes just days before the onset of Navratra and the general festivities that build-up through the coming weeks and lead up to Diwali, Christmas and the New Year. -
Meat e-tailer Licious 29th unicorn in 2021
Fresh animal protein direct-to-consumer (D2C) startup Licious is India’s 29th unicorn this year after raising a series-G funding of $52 million from new investors — IIFL AMC’s tech fund and Avendus FLF (Future Leaders Fund). The company said its valuation has crossed $1 billion after this round. -
Shareholder activism puts focus on governance in cos
With governance in sharp focus at India Inc, corporate boards and top management may find it tougher to push their agenda if not aligned with wider interests of all shareholders. Empowered investors are increasingly voicing concerns on a spate of controversial issues, ranging from compensation, appointments and related party transactions, ending the era when AGMs were considered just a regulatory tick-box item, and most resolutions sailed through.
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