India Infrastructure Finance Company Ltd (IIFCL) has sought clearance from the banking sector regulator to invest in infrastructure investment trusts, or InvITs, as they are accomplishing well. IIFCL managing director PR Jaishankar said...

Finance Ministry officials met with Infosys on Tuesday for two separate meetings to examine the difficulties with the newly launched income tax portal. According to a  statement, Finance Minister Nirmala Sitharaman "expressed her great...

The soft launch of the first phase of the National Single Window System would take place soon, said Piyush Goyal, Union Minister of Commerce and Industry on Tuesday. The digital platform is aimed at allowing investors to identify and apply for...

Kickstarting privatisation process in the banking sector, the government Tuesday invited bids to appoint the transactions and legal advisors to assist in strategic sale of its equity, along with transfer of management control, in IDBI Bank to...

The new Indian e-commerce rules will raise costs for all online retailers but particularly Amazon and Walmart's Flipkart as they may have to review their business structures, senior industry sources told Reuters. India's Ministry of...

State-level lockdowns to limit the spread of infection in the second wave of Covid-19 in India have had a major impact on the operations of most firms, as per a survey by industry body FICCI and Dhruva Advisors. 58 per cent of firms reported...

The Indian rupee slumped 24 paise to breach the 74 per US dollar level on Monday as participants turned risk-averse. At the interbank forex market, the domestic unit opened weak at 74.20 against the American dollar, pared some initial losses and...

Continuing foreign inflows –USD 8.1 billion YTD — has driven up the valuation premium of MSCI India index past 55 percent and 12 percent against MSCI Emerging Markets and MSCI World indices, respectively, by mid-June, according to a...

Oil prices nudged up on Monday, as there is a strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could show a delay in resumption of supplies from the OPEC producer. Brent crude...

Adani Power Limited (APL) which is the country's largest power producer in the private segment, is to buy the 1,200-megawatt (MW) Essar Power's Mahan Project located at Singrauli district of Madhya Pradesh. Resolution Professional of the...