To pump up liquidity, the Reserve Bank of India will conduct a one-day 'Open Market Operations' on May 6 to simultaneous purchase and sell government securities. The OMO session will see the simultaneous purchase and sale of government...

Food delivery startup Zomato, backed by China's Ant Group, has filed for an initial public offering of up to Rs 8,250 crore ($1.11 billion), as consumers increasingly turn to ordering food online during the Covid-19 pandemic. Launched in...

For companies, maintaining liquidity throughout COVID-19 has become simultaneously difficult and crucial. The pandemic has shown significant weaknesses in the mechanisms, analysis techniques, and procedures that businesses use to make financial...

The Reserve Bank of India (RBI) announced on Wednesday that the asset reconstruction companies (ARCs) committee has solicited feedback and suggestions from market participants and other stakeholders. This comes after the RBI stated that the...

The Finance Ministry has permitted additional borrowings of Rs 1.06 lakh crore as at March-end to those states which have carried out some key institutional reforms. Last October, the Central government had linked permission for additional...

The government may waive Goods and Services Tax (GST) on Covid-19 vaccines to reduce their cost up to ₹1,200 a dose in private hospitals starting May 1 depending on the vaccine and this is in an attempt to ease the burden on people and encourage...

Retail loans restructured under a central bank scheme announced last year were more than thrice the corresponding figures for corporate loans, initial data released by the top private sector lenders showed. HDFC Bank Ltd, ICICI Bank Ltd and Axis...

As technology has taken the front seat in our lives, our tastes, preferences and lifestyles have changed magnificently. With our smart phones assuming the new source of entertainment and our key to the outer world, we can barely see a youngster...

Urban Company has raised a fresh $188 million (Rs 1,410.16 crore) in funding from a clutch of investors led by Prosus Ventures (formerly Naspers), according to the company’s filings with the Registrar of Companies sourced from business...

The government has allowed businesses to check monthly GST returns filed until May 31 using an electronic verification code. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said any registered person during the period...