Business news

Rags to riches and back, BR Shetty, NRI billionaire, until he wasn't

From rags to riches and back, the story of NRI billionaire Bavaguthu Raghuram Shetty might seem like just another one on the face of it, but there's a lot more untold and unspoken about the man who rose to fame, glory and amassed a fortune of $4.2 billion in 2018, according to Forbes. Here's unravelling the mysteries and the mistakes that led to the phenomenal rise and unbelievable fall of a sprawling empire into a debt trap.

Apr 27, 2020

Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

Small businesses will be eligible for an additional 20% of their outstanding credit limit, which will be fully backed by the government.

Apr 27, 2020

What RBI's Special Liquidity Facility mean for the mutual funds industry?

The Covid-19 outbreak and the Franklin Templeton fund closure has necessitated RBI to step in and ease liquidity pressures on mutual funds by announcing Rs 50,000 crore Special Liquidity Facility.

Apr 27, 2020

Sensex up 714 points, Nifty up 2% after RBI's liquidity cushion for mutual funds

At 10.22 am, Sensex was trading at 32,038.75 points, higher by 711.53 points or 2.27 per cent from the previous close of 31,327.22.

Apr 27, 2020

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Akshaya Tritiya 2020: Jewellers take the digital route amid coronavirus lockdown

The Indian bullion market will not witness the buying fervour as seen every year on the auspicious occasion of Akshaya Tritiya due to a nationwide lockdown in place to fight the coronavirus pandemic.

Apr 26, 2020

Here's a list of relaxation norms offered by SEBI to help investors tide over the Covid-19 crisis

In the wake of the Covid-19 crisis that has brought global economies to a standstill, SEBI offers relaxation in norms for corporates, investors, stakeholders and depositors by easing restrictions in compliance requirements and thus helping them stay afloat. Let's explore.

Apr 23, 2020

Coronavirus impact: Dearness Allowance for Central govt employees, pensioners frozen till July 2021

The decision, which will affect around 50 lakh central govt employees and 61 lakh pensioners, comes after the Union Cabinet approved a 4% hike in DA to 21% in a bonanza for 1.13 cr employees and pensioners applicable from January, 2020.

Apr 23, 2020

Coronavirus: Indian refineries cut output as coronavirus pandemic chokes demand

India's crude processing in March fell 5.7% from a year earlier, its biggest drop since September, as the coronavirus crisis and travel restrictions to curb its spread dented fuel demand and forced refineries to cut output.

Apr 23, 2020

Facebook-Reliance Jio deal a 'game changer' for tech sector: What does this mean for India Inc?

Facebook has entered into a partnership with Reliance Jio to acquire a 9.99 percent minority stake for an investment of Rs 43,574 crore. What does this deal mean for India Inc.? Are we on the anvil of a bigger digital transformation?

Apr 22, 2020

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Here's why rupee may further slide to 80 per USD in near future

The recent trends in currency are also indicating tough days ahead for rupee ahead. The US dollar jumped to a two-week high against various currencies including the rupee.

Apr 22, 2020

Explained: Why negative crude oil pricing in the US didn't affect petrol, diesel prices in India

Crude oil prices dropped to an all-time low yesterday, but petrol, diesel prices remain unaffected in India.

Apr 21, 2020

Crude oil plunges below zero but memes are soaring: Check out hilarious reactions

The US crude price plunged to negative due to expiry and this started a flood of memes on the whole issue. It's a good start to a tense week.

Apr 21, 2020

Government won't give up GST on masks, ventilators and PPEs; here's why

Earlier this month, Maharashtra Deputy Chief Minister Ajit Pawar wrote a letter to Union Finance Minister Nirmala Sitharaman seeking an exemption on GST for some medical equipment used in the fight against COVID-19 outbreak.

Apr 20, 2020

Center to put Rs 5,000 crore in EPF accounts of employees and employers | Details inside

To help companies tide over the COVID-19 crisis, the Government of India will pay EPF contributions of both employer and employee (12 percent each), 24 percent altogether for the next three months, such that nobody suffers due to loss of continuity in the EPF contribution.

Apr 20, 2020

American tech giant Cognizant hit by 'Maze' ransomware attack

Cognizant said in a statement that it was taking steps to contain the security incident, with the help of cyber defense companies, and has also engaged with law enforcement.

Apr 19, 2020

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Business news

Rags to riches and back, BR Shetty, NRI billionaire, until he wasn't

Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

What RBI's Special Liquidity Facility mean for the mutual funds industry?

Sensex up 714 points, Nifty up 2% after RBI's liquidity cushion for mutual funds

Akshaya Tritiya 2020: Jewellers take the digital route amid coronavirus lockdown

Here's a list of relaxation norms offered by SEBI to help investors tide over the Covid-19 crisis

Coronavirus impact: Dearness Allowance for Central govt employees, pensioners frozen till July 2021

Coronavirus: Indian refineries cut output as coronavirus pandemic chokes demand

Facebook-Reliance Jio deal a 'game changer' for tech sector: What does this mean for India Inc?

Here's why rupee may further slide to 80 per USD in near future

Explained: Why negative crude oil pricing in the US didn't affect petrol, diesel prices in India

Crude oil plunges below zero but memes are soaring: Check out hilarious reactions

Government won't give up GST on masks, ventilators and PPEs; here's why

Center to put Rs 5,000 crore in EPF accounts of employees and employers | Details inside

American tech giant Cognizant hit by 'Maze' ransomware attack

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]