Govt to initiate special incentive scheme to support 75 startups

Govt to initiate special incentive scheme to support 75 startups

The government will soon launch a special incentive scheme to support 75 startups in the areas of telemedicine, digital health and artificial intelligence (AI) to coincide with the 'Azadi ka Amrit Mahotsav' being celebrated from August 15...

Finance minister asks public sector banks to provide assistance to sunrise sectors

Finance minister asks public sector banks to provide assistance to sunrise sectors

Finance minister Nirmala Sitharaman on Wednesday has met the heads of the public sector banks (PSBs) and reviewed the financial performance and progress which is made by them in supporting the pandemic-hit economy. The minister took stock of the...

Family pension of bank employees set at 30% of last drawn salary, states Government

Family pension of bank employees set at 30% of last drawn salary, states Government

Family pensions of deceased bank employees will more than treble from now on, with Finance Minister Nirmala Sitharaman removing its cap in favour of a uniform 30 per cent slab to be calculated on the last salary drawn by the employee. With...

CoinDCX enters advertising regulator to enhance confidence in crypto

CoinDCX enters advertising regulator to enhance confidence in crypto

Newly minted crypto unicorn, CoinDCX, has joined the Advertising Standards Council of India (ASCI), a voluntary self-regulatory organisation of the advertising industry, with an aim to improve confidence and credibility of India’s rapidly...

Govt may allow foreign direct investment in LIC ahead of mega IPO

Govt may allow foreign direct investment in LIC ahead of mega IPO

The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) to facilitate overseas investors to buy stakes in the insurer. “Discussions on structuring the...

India overtakes the US to rank 2nd as most attractive manufacturing hub globally

India overtakes the US to rank 2nd as most attractive manufacturing hub globally

India has overtaken the United States (US) to become the second-most sought-after manufacturing destination internationally and this was driven mainly by the cost competitiveness, according to real estate consultant Cushman & Wakefield. China...

India on course for a double digit growth in FY22

India on course for a double digit growth in FY22

India's GDP growth rate for FY22 is likely to be in double digits on the back of robust performance of country's tradables sector and a much smaller-than-expected decline in services activity due to pandemic disruptions this year,...

GAIL India share price rises 5% after global brokerage firm retains outperform call, raises target price

GAIL India share price rises 5% after global brokerage firm retains outperform call, raises target price

GAIL India share price added over 5 percent in the morning session on August 24 after Macquarie has retained its outperform rating on the stock and has raised target to Rs 205 from Rs 185 per share. The global brokerage firm has raised...

e-commerce companies seek tweaks in proposed rules

e-commerce companies seek tweaks in proposed rules

India’s top e-commerce companies, that are represented by the Internet and Mobile Association of India (IAMAI), have sought changes to the proposed e-commerce rules, positing that the proposals will harm the interests of consumers....

₹6L-crore monetisation scheme unveiled by Government

₹6L-crore monetisation scheme unveiled by Government

The government will raise ₹88,000 crore this year by the leasing infrastructure assets of the central government ministries and the state-run companies under a ₹6 trillion National Monetisation Pipeline (NMP) it unveiled on Monday. The funds...

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