Business news

India's external debt of $620 billion is sustainable, defends Finance Ministry

In a recent report, the Department of Economic Affairs said the country's external debt continues to be sustainable and prudently managed.

Sep 5, 2022

Anand Mahindra takes new pledge after Cyrus Mistry's death, Bloomberg criticizes Indian roads

Aged 54, Cyrus Mistry died in a car accident on Sunday on his way to Mumbai from Gujarat's Udwada

Sep 5, 2022

India eyes 25 million tons of green hydrogen production by 2047 to curb energy imports

With green hydrogen, India aims to reduce fuel imports and wean the economy off fossil fuels to meet climate targets

Sep 4, 2022

Central Board of Direct Taxes issues refunds of over Rs 1.14 lakh Cr to taxpayers

The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1 to August 31.

Sep 3, 2022

Crypto Mining Gets Expensive, Minting Is a More Sustainable Solution

PLC Ultima enables the user to receive a guaranteed reward strictly equal to a certain percentage of his existing PLCUs involved in minting.

Aug 31, 2022

Stock Markets closure: Indices ends sharply up, Sensex up over 1,500 points

Benchmark indices ended sharply up on Tuesday after falling sharply on Monday due to delivery-based buying by the FIIs and short covering in the F&O market, dealers said.

Aug 30, 2022

Centre's show-cause notices to manufactures/importers of weighing & measuring instruments

Keeping in view the unauthorised sale of weighing and measuring instruments on e-commerce sites, the Centre has issued show cause notices to the manufacturers and importers for seeking details of compliance.

Aug 30, 2022

Indian rupee declines sharply to a record low, one dollar equals Rs. 80.14

At 11 a.m., the rupee was trading at 80.04, as compared to 79.86 close on the previous trading session against the US dollar.

Aug 29, 2022

Bitcoin plunges below $20K, may reach $10K level this year [details]

Bitcoin prices had stabilised around the $23,000 to $24,000 level after plunging below $20,000 in June.

Aug 28, 2022

As fraudsters get smarter, RBI, banks get busy plugging loopholes [see how]

The RBI has also issued Master Directions for classification and reporting of frauds by commercial banks and select financial institutions.

Aug 28, 2022

How to Avail Cashless Benefit from Your Health Insurance?

Cashless health insurance is a type of health insurance where you can directly visit a network hospital affiliated with your insurance company to seek treatment.

Aug 27, 2022

Finance Minister Nirmala Sitharaman meets US Deputy Treasury Secretary Wally Adeyemo

Finance Minister Nirmala Sitharaman on Friday met visiting US Deputy Secretary of Treasury Wally Adeyemo and discussed India's upcoming G-20 Presidency in 2023 and issues related to the global financial sector.

Aug 27, 2022

Sequoia Capital India sells 17.2 crore Zomato shares; brings down stake to 4.4% [details]

Zomato said Sequoia Capital India sold some 6.7 crore shares in the September 6-October 14, 2021 period and 10.5 crore shares between June 27-August 25, 2022.

Aug 26, 2022

Who gets what in Rakesh Jhunjhunwala's will, family bequethed Rs. 50K Cr

Known for his value investing model, the Big Bull was known to own 35 company holdings

Aug 25, 2022

RBI lifts business curbs imposed on American Express Bank

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release.