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FM: Govt will target assets owned by Devas promoters
A day after the SC verdict, finance minister Nirmala Sitharaman on Tuesday attacked Congress for “committing a fraud on the country” in the Devas deal with Antrix, and said it would move aggressively and target assets owned by promoters of the company, both in India and abroad. "It was a fraud of Congress, by Congress and for Congress... It’s Congress’s turn to explain,” Sitharaman said. -
Vagaries of weather drive near 13 lakh Maha farmers to crop insurance scheme
Around 12.54 lakh farmers in Maharashtra have registered for crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the Rabi season of 2021-22. According to senior officials of the State Agriculture Department, at least 44,000 additional farmers have opted for crop insurance this season, mainly due to the vagaries of weather in the state.Around 12.01 lakh farmers had registered for crop insurance under PMFBY in the 2020-21 Rabi season, Vinayak Awate, chief statistician, Maharashtr -
EPF sops for new jobs may stay in FY23
Given the high rate of unemployment and the continuing need to spur job creation, the government is likely to extend by a year the tenure of the Aatmanirbhar Bharat Rojgar Yojana (ABRY), a provident fund subsidy scheme, aimed at incentivising new recruitment by businesses. An announcement in this regard is likely in the forthcoming Budget for 2022-23.Aiming to reduce the financial burden of the employers and encourage them to hire more workers, the government, under ABRY, provides subsidy for tw -
Borrowing cost for states rises on increase in G-Sec yield
By Manish M SuvarnaThe borrowing cost of State Development Loans (SDL), with a maturity of 10-years, rose sharply by 10 basis points to a 21-month high in Tuesday’s auction due to a steep rise in yields on government securities in the last few days. The borrowing cost has touched its highest level after April 13, 2020.According to the Reserve Bank of India (RBI), the 10-year weighted average borrowing cost for states was at 7.24% on January 18, higher than 7.14% on January 11. W -
Bajaj Finance Q3 profit rises 86% to Rs 2,125 crore
Total income increased to Rs 8,535.06 crore for the quarter under review from Rs 6,658.34 crore in the year-ago period, according to a regulatory filing. -
Finance ministry invites applications for Irdai whole-time member post
The last date for submitting applications is February 15, 2022. -
Frequency fears: Air India to ‘curtail/revise’ US ops
The list of airlines getting apprehensive about the impact of 5G internet rollout in the US this week on flight operations is growing by the day. Air India, the only Indian carrier that operated nonstops between Indian the US, tweeted on Tuesday it will “curtail/revise (US ops)... with change in aircraft type from January 19, 2022.” -
DPIIT holds stakeholder meet on proposed e-comm policy
The department for promotion of industry and internal trade (DPIIT) on Tuesday held a meeting with different stakeholders, including domestic and foreign companies, on the proposed e-commerce policy, an official said. -
Government will use SC verdict to fight Devas 'fraud' internationally: Nirmala Sitharaman
The deal was cancelled in 2011 on the ground that the auction of the broadband spectrum was mired in fraud and that the government needed the S-band satellite spectrum for national security and other social purposes. -
UPA’s Devas deal a ‘fraud on people of India’, says FM
Calling the Antrix-Devas satellite deal “a fraud on the people of India and against the country” by the then UPA government, Union finance minister Nirmala Sitharaman on Tuesday said liquidation proceedings against the Bengaluru-based company will go on as per the Supreme Court's order. -
UK court orders Mallya's eviction from London home
A UK court on Tuesday ordered enforced possession of Vijay Mallya's multi-million-pound luxury home in London. As a result, Mallya and his family -- son Sidhartha and mother Lalitha who live there -- will be evicted from the house. -
Tata Elxsi Q3 profit up 44% at Rs 151 crore
Tata Elxsi on Tuesday said its net profit increased 43.5 per cent to Rs 151 crore in December quarter 2021-22. -
Dixon, boAt form 50:50 JV to manufacture Bluetooth-enabled audio devices; eye Rs 1,000 cr in 4 yrs
In the JV, both companies will nominate two directors each on the board of the JV. -
Here's how social media campaigns can help in growing a business
According to Statista, more than 500 million people in India use social media, and user and interaction on major platforms appears to be on the rise. -
Vikram Dev Dutt appointed Air India chief
Senior bureaucrat Vikram Dev Dutt has been appointed as the chairman and managing director of Air India as part of a senior-level bureaucratic reshuffle effected by the Centre on Tuesday. -
Global hiring squeeze: Banks forced to loosen the purse strings to retain talent
Even banks like Goldman Sachs Group Inc and Bank of America Corp are reportedly having to offer perks such as higher pay and bonuses to attract and retain talent as the economy is recovering and people are willing to switch. -
Microsoft to buy Activision Blizzard in $68.7 billion deal
Microsoft Corp said on Tuesday it would buy "Call of Duty" videogame maker Activision Blizzard for $68.7 billion in cash, the largest deal in the sector making the Xbox maker the third-largest gaming company by revenue. -
Earning Rs 10 lakh per annum? Here's how you can pay zero tax
Even those earning a robust Rs 10 lakh per year can plan on paying no taxes. -
UPA’s Devas deal a ‘fraud on people of India’, says finance minister
Calling the Antrix-Devas satellite deal “a fraud on the people of India and against the country” by the then UPA government, Union finance minister Nirmala Sitharaman on Tuesday said liquidation proceedings against the Bengaluru-based company will go on as per the Supreme Court's order. -
Reliance Retail buys 54% stake in Addverb Tech for $132m
Mukesh Ambani led Reliance Retail has acquired a 54 per cent stake in domestic robotics company Addverb for $132 million (about Rs 983 crore), a senior official of the robotic firm said Tuesday. -
67% of India's rich will buy a luxury property in next 2 yrs
For a luxury city apartment or villa, the most chosen price budget was Rs 10 - 25 crore, with a majority (69%) saying they would look to buy real property in this range, in 2022. -
This Chinese SUV named Tank 100 is a blatant copy of Suzuki Jimny, check pics
The interior of the Tank 100 micro-SUV hasn't been revealed yet, but it is expected to be very similar to its larger brother, the Tank 300. -
Abacus.AI to invest $50 mn in India, to hire 200 people in India R&D unit
Located in Mumbai, the R&D division will cater to the AI (artificial intelligence) adoption by small and large firms, it added. -
PE, VC investments jump to all-time high of $77 bn in 2021: Report
The year saw a massive glut of liquidity across the world coming out of the pandemic, which led to higher investments in many assets and a surge in valuations. -
Healthcare sector make an effort to bear the COVID-19 pandemic
During the second COVID-19 wave in 2020, India lost almost a thousand critical care health personnel. -
Antrix-Devas case was a fraud on people of India, says finance minister
Finance minister Nirmala Sitharaman on Tuesday lashed out at the erstwhile UPA government for allowing the deal between Antrix and Devas Multimedia back in 2005. Sitharaman said the deal was a fraud on people of India and against the country and praised the Supreme Court for giving a comprehensive outcome on the case. -
MS Dhoni adds a vintage Land Rover 3 SUV to his collection, wins online auction
Former Indian cricket team captain Mahendra Singh Dhoni has added a vintage Land Rover 3 to his collection after winning an online auction conducted by Big Boy Toyz. -
MS Dhoni adds a vintage Land Rover 3 SUV to his collection
MS Dhoni adds a vintage Land Rover 3 to his collection after winning an online auction conducted by Big Boy Toyz. -
Fortis Escorts Hospital adds VSA oxygen generation plant in Faridabad
The hospital has erected a VSA oxygen production unit with a 500 LPM capacity to assure a constant supply of oxygen. -
Sensex tanks 550 points; Nifty slumps below 18,150
The 30-share index slumped by 554.05 points or 0.90 per cent to end at 60,754.86. The broader NSE Nifty fell by 195.05 points or 1.07 per cent to 18,113.05. -
EKI Energy Services saw a profit of Rs 161 crore for December quarter
The company said it maintained its strong growth pace and generated total revenues of Rs 1,325 crores for the fiscal year 2021-22's first nine months. -
Vasco Da Gama-Howrah Amaravati Express derails near Dudhsagar in Goa, no casualties
As per reports, the accident happened when the front pair of wheels of leading loco derailed between Dudhsagar and Caranzol, in Goa. -
67% of India's rich will buy a luxury property in the next 2 years
For a luxury city apartment or villa, the most chosen price budget was Rs 10 - 25 crore, with a majority (69%) saying they would look to buy real property in this range, in 2022. -
Tata Motors to hike passenger vehicle prices from January 19
Tata Motors on Tuesday said it will increase prices of its passenger vehicles by an average of 0.9 per cent with effect from January 19, in order to partially offset the impact of rise in input costs. -
Reliance Retail buys 54% stake in Addverb Tech for $132 million
Mukesh Ambani led Reliance Retail has acquired a 54 per cent stake in domestic robotics company Addverb for $132 million (about Rs 983 crore), a senior official of the robotic firm said Tuesday. -
PM KISAN: Big change in documents rules, money transfer to be stopped if you don't do THIS
As per the new rules, the government has made ration card as mandatory documents to avail the benefits of PM-KISAN Scheme. -
This Chinese electric car is has more sales than all of Tesla in China
In total, Tesla sold 320,743 units, while Wuling Hong Motors sold 395,451 units of its Guang MINI electric vehicle. -
GJEPC for cut in gold import duty to 4%, special package for sector in Budget
As part of its pre-Budget recommendations, the council has also suggested a reduction in the import duty on cut and polished diamonds; cut and polished precious and semi-precious gemstones from 7.5 per cent to 2.5 per cent. -
Aadhaar card Date of Birth change online: Here's the list of 15 documents that can be used for DOB
Here is a list of 15 documents that UIDAI has listed as DOB (Date of Birth) documents containing Name and DOB
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Union Budget 2022: Energy sector urges govt to expand PLI scheme to boost domestic manufacturing
A return of consumer confidence in renewable energy sources, improved financial market conditions, and an increase in manufacturing and export activities in the country would be crucial. -
2022 Porsche Cayenne Platinum Edition debuts, check pics here
The special edition Porsche SUV will be available in both coupe and standard version with colour options like Jet Black, Carrara White and more. -
Union Budget 2022: Increase in Income Tax slab vital for salaried class
What perhaps needed in the Union Budget 2022 is to bring dynamic changes in the income-tax slabs and increase the rebates under section 80C, 80EE, 80EEA and 24(b) of the Income Tax Act, say experts. -
Delhivery gets Sebi's go-ahead to raise Rs 7,460 crore via IPO
Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus (DRHP). -
Centre may stick to fiscal goals despite higher capex plan
The Centre is likely to continue with its fiscal consolidation plans in the 2022-23 Budget, despite lower than estimated receipts from privatisation of state-run companies, and largely stick to its deficit targets. Robust revenues, both on the indirect and direct taxes front, are expected to provide enough headroom to the government to balance its fiscal goals and spending needs for the year ahead. -
Bank holidays January 2022: From today, banks will be closed for 6 days this month; check out important dates before visiting branch
However, you must note that the banks will NOT be closed for the said 6 days in all states or regions. -
Tata Motors announces price hike on its passenger vehicles effective Jan 19
Tata Motors has announced a marginal price hike on its passenger vehicles effective January 19, 2022 and extends price protection on bookings till January 18, 2022. -
Why LIC’s big share sale is a big deal
You will get to actually own India’s biggest insurer, at least partially, if you can lay hands on a part of Life Insurance Corporation's stake that will be up for sale soon. Here's what the share sale is all about. -
Union Budget 2022: MFIs, fintech expect bolder budget and allocation of more to MGNREGA scheme
Fintechs believe that the he government should also push the collaborative approach decided by the Reserve Bank to incentivise banking sector. -
Union Budget 2022: Banks pitch for reduction of tax-free FD tenure to 3 years
Currently, the tax break is available on 5-year tax-saving FD schemes. One can claim an income tax deduction by investing money in a five-year FD scheme under Section 80C of the Income Tax Act, 1961. Section 80C is a wide bracket with a ceiling of Rs 1.50 lakh. -
Germany retracts goal of putting 15 million electric vehicles by 2030, know why
Transport Minister of Germany, said that the country’s goal of getting 15 million electric vehicles on the road by 2030 includes fully-electric and hybrid vehicles.
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