Business news

RBI should probe LIC, Public Sector Banks' losses due to adani stock rout: Jairam Ramesh

LIC, he said, which 30 crore Indians trust with their life savings, has lost thousands of crores in Adani Group stock in recent days.

Feb 15, 2023

Citibank halts applications for new credit cards, accounts; merger with Axis Bank nearing

Citibank will be merged completely with Axis Bank sooner than later as the former has stopped sourcing credit card applications for new users as well as new account openings.

Feb 8, 2023

Shaktikanta Das, Governor, Reserve Bank of India

Adani Row: RBI defends banks' exposure, says "One client will not affect Indian banking system"

An individual client -- Adani Group -- will not bring down the Indian banking system, Reserve Bank of India Governor Shaktikanta Das said

Feb 8, 2023

Adani row: Here's what Fitch Ratings, Moody's say on Indian banks' exposure to group's stock rout

Fitch Ratings said that the controversy over the short-seller report has no immediate impact on the ratings of Fitch-rated Adani entities and their securities

Feb 8, 2023

Indian IT services industry to witness slow growth in FY2023, hiring to slow down: ICRA

ICRA's sample shows YoY revenue growth of 9.9 per cent in dollar terms in the nine months of FY2023, against 17-18 per cent YoY growth in dollar terms in FY2022.

Feb 7, 2023

Adani Row: Where do Indian banks stand? Total exposure at $9 billion; SBI, PNB, Bank of Baroda claim 'still safer' despite stock rout

In a virtual press conference, PNB CEO said there was no cause for concern, despite the bank's exposure of Rs 7,000 crore to the group

Feb 6, 2023

Aritra Digimedia focuses on creating integrated digitally empowered PR campaigns for startups and SMEs

Aritra Digimedia says In a time when google is the most trusted partner people reach out to for any kind of information, support or opinion, it is essential to outline your digital PR strategy wisely.

Feb 4, 2023

Hindenburg Impact: Adani Electricity, Adani Ports ratings revised to 'negative'

The negative outlook reflects the risk of a deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai, said S&P ratings

Feb 4, 2023

Nick Chandi's ForwardAI Was Born from Business Failures; Today it Helps Stop Them

Forward AI founded by Nick Chandi changes how lenders and small businesses navigate the lending process, making it simple and efficient for all parties involved.

Feb 3, 2023

'Govt has nothing to do with Adani issue,' says Union Minister; SEBI silent

Parliamentary Affairs Minister Pralhad Joshi on Friday categorically said that the government has nothing to do with the Hindenburg report on Adani group

Feb 3, 2023

Who is Philipe Haydon; former Himalaya CEO joins Dabur India to lead healthcare [details]

Philipe Haydon, former Himalaya chief, joins Dabur India; set to lead healthcare [details]

Philipe Haydon, who retired as CEO at the Himalaya Drug Company after four decades has joined Dabur India to lead healthcare.

Feb 2, 2023

Budget 2023-24: No tax on personal Income up to Rs 7 lakh

Insurance firms face market reality after 'Halahala' poison in 'Amrit Kaal' budget

Life insurance scrips suffer from 'Halahala' poison in Amrit Kaal budget

Feb 2, 2023

Buying foreign stocks? TCS on overseas remittance hiked from 5% to 20%. [details]

The increased Tax Collected at Source (TCS) will take effect from July 1, 2023.

Feb 1, 2023

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the country.

Feb 1, 2023

No tax exemption for insurance policies with premium above Rs 5 lakh; there's a silver lining

While this will dampen the interest of individuals to buy high value traditional insurances, it will increase the focus on term plans and pure risk covers which is good.

Feb 1, 2023

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Business news

RBI should probe LIC, Public Sector Banks' losses due to adani stock rout: Jairam Ramesh

Citibank halts applications for new credit cards, accounts; merger with Axis Bank nearing

Adani Row: RBI defends banks' exposure, says "One client will not affect Indian banking system"

Adani row: Here's what Fitch Ratings, Moody's say on Indian banks' exposure to group's stock rout

Indian IT services industry to witness slow growth in FY2023, hiring to slow down: ICRA

Adani Row: Where do Indian banks stand? Total exposure at $9 billion; SBI, PNB, Bank of Baroda claim 'still safer' despite stock rout

Aritra Digimedia focuses on creating integrated digitally empowered PR campaigns for startups and SMEs

Hindenburg Impact: Adani Electricity, Adani Ports ratings revised to 'negative'

Nick Chandi's ForwardAI Was Born from Business Failures; Today it Helps Stop Them

'Govt has nothing to do with Adani issue,' says Union Minister; SEBI silent

Philipe Haydon, former Himalaya chief, joins Dabur India; set to lead healthcare [details]

Insurance firms face market reality after 'Halahala' poison in 'Amrit Kaal' budget

Buying foreign stocks? TCS on overseas remittance hiked from 5% to 20%. [details]

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

No tax exemption for insurance policies with premium above Rs 5 lakh; there's a silver lining

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]