The Reserve Bank of India (RBI) on Wednesday imposed penalties on 14 banks for contravening provisions related to bank lending to non-banking financial companies (NBFCs) and maintaining data on large exposures. The penalty was...

Operating profitability of the companies rose in the pandemic year 2020-21, reversing the prior two-year trend of falling profits, even as the impact on profitability and debt repayment capacity has been varied depending upon the size of...

As per the agency, domestic passenger traffic is estimated at about 29-30 lakh, implying a sequential growth of about 41-42% during June, compared to about 19.8 lakh in May 2021. Domestic air passenger traffic is predicted to grow by about...

Reliance Jio is in talks with local and international players for contract manufacturing of its ultra-low cost Android smartphone JioPhone Next. According to reports, the corporation has had talks with Singapore-based electronics firm Flex and UTL...

After topping the Rupees 1-lakh-crore mark for eight months, gross Goods and Services Tax (GST) collections came in at a 10-month low of Rs 92,849 crore in June (for sales in May), data released by the Finance Ministry on Tuesday showed. This...

The Power Ministry has informed states and central power generation companies that the power distribution companies (discoms) are permitted to exit power purchase agreements (PPAs) after completion of the term of the agreements. The clarification...

Even under the believed construction, a tax tribunal has ruled that oblique taxes are applicable to bills incurred by venture capital, private equity, and mutual fund companies. This includes expenses such as ‘carry charges’, allowed...

On Monday, Amazon founder Jeff Bezos announced his resignation as CEO, giving up the keys as the business navigates the challenges of a globe still recovering from the coronavirus outbreak. Bezos was replaced by Andy Jassy, the head of...

India’s annual gas consumption is likely to increase by 25 billion cubic meters (bcm) in the 2020-2024 period which translates into a 9% annual average growth rate, the International Energy Agency (IEA) stated in its latest report. India...

Multiple contradictions flagged by e-commerce companies regarding the new amendments to the regulations governing the segment, which has triggered fresh confusion among the players, has prompted the government to extend the last date for...