Business news

Crackdown on fake product reviews in India; govt unveils new framework [details inside]

Aiming to guard customers from fake online reviews of products, the government on Monday issued a comprehensive set of guidelines that would come into effect from November 25 and would be voluntary in nature.

Nov 22, 2022

India clocks 129 deals at $2.1 bn in Oct; 77% YoY decline in value [details]

India clocked 129 deals valued at $2.1 billion in the month of October, a 42 per cent fall in volumes and a significant 77 per cent decline in values as compared to October last year.

Nov 22, 2022

RBI report flags large-scale variation in property tax collection across civic bodies

It may look surprising but it is a fact that the property tax revenue of the municipal bodies in Delhi is much more than that of bigger states including Uttar Pradesh, Madhya Pradesh, Rajasthan and many other states.

Nov 20, 2022

India's new privacy bill proposes cross-border data transfer, tough penalties; Big Tech in sigh of relief

In a relief for Big Tech, the IT Ministry on Friday proposed a new draft of digital personal data protection bill that will allow cross-border transfer of some users' data with "certain notified countries and territories".

Nov 18, 2022

Amazon begins mass layoffs to combat "unusual and uncertain macroeconomic environment"

Reuters reported that the layoff will primarily affect the retail and human resource development sections of the company

Nov 17, 2022

Adani takeover bid: NDTV share price hits upper circuit on opening today

The scrip had hit the upper circuit on Tuesday at Rs 384.10 and opened at Rs 403.30 on Wednesday which was also the upper price band.

Nov 16, 2022

Journey To the Top: How Darshil Shah Took Investment Banking by Storm

Becoming a key player on Wall Street is never easy, but growing up in a faraway country and still making it to the top of Wall Street is a gargantuan hurdle. Darshil Shah refused to settle for anything less.

Nov 14, 2022

World population to reach 8 billion on Nov 15 amid looming Climate Change [details]

The world population is projected to reach 8 billion on November 15, with India overtaking China as the world's most populous nation in 2023, according to the UN's World Population Prospects 2022.

Nov 14, 2022

US drops Indian currency from Monitoring List; Here's why

US said India had met the criterion for removal from the list that monitors whether countries manipulate the rate of exchange between their currency and the US dollar

Nov 12, 2022

What is eRs; RBI's digital rupee explained [see how it works]

The Reserve Bank of India (RBI) had, last week, announced that it will commence a pilot project of digital rupee (eRs) for specific use cases in the wholesale segment from November 1.

Nov 6, 2022

Union Minister of Environment, Forest and Climate Change, Bhupender Yadav

COP 27: India looks forward to substantial progress on discussions related to climate finance

The Ministry of Environment, Forest and Climate Change said that more clarity is needed on the definition of climate finance for the developing countries to be able to accurately assess the extent of finance flows for climate action.

Nov 4, 2022

An Interview with Manav Golecha, NFT Expert and Co-Creator of Women of Crypto Project

Amy Matshushima said My team is working on developing a virtual influencer that will represent the community of Women of Crypto

Nov 3, 2022

Dubai Investment Fund to Allocate $2.1 Billion for Investments in Indian Realty

The Dubai Investment Fund (DIF) notes that the transition from enterprises managed by family members to those managed by professionals has been the most noticeable transformation that has taken place

Nov 3, 2022

Tax, Budget 2017, Union Budget 2017, Income Tax, senior citizens, common man

GST collections touch Rs 1,51,718 cr in Oct; second highest since April [details]

The government collected Rs 1,51,718 crore gross GST revenue in October, which is the second highest collection ever after April this year, official data revealed on Tuesday.

Nov 1, 2022

Reserve Bank of India to launch digital rupee pilot project today

The Reserve Bank of India (RBI) will today launch the nation's first digital rupee pilot project for the wholesale segment.