Category: Business

A logo of Reserve Bank of India at the RBI headquarters in Mumbai. File | Photo Credit: The Hindu Even as the global economy is set to slow down or even enter a recession in 2023 as financial markets worldwide face heightened uncertainty, the Indian economy is steadily gathering momentum, Reserve Bank of India (RBI) officials […]

The Sensex on Tuesday gained 445.73 points, or 0.77%, to 58,074.68 on firm global cues and gains in energy and banking stocks, analysts said. Top gainers include Reliance (3.11%), Bajaj Finance (2.88%), Titan (2.15%), Axis Bank (2.14%) and IndusInd Bank (1.94%).  “Firm global cues led to an upbeat start however mixed trends among the index […]

In a bid to woo Indian startups that are domiciled abroad to relocate to the GIFT City in Gujarat, the International Financial Services Centres Authority (IFSCA) on Tuesday constituted an expert panel headed by former Reserve Bank of India executive director G Padmanabhan to identify their concerns. “Many Indian startups are domiciled outside India–despite having […]

Tim Clark | Photo Credit: REUTERS He is a global aviation leader today, but Emirates President Tim Clark’s childhood memories are filled with experiences of flying with Air India. However, just as its nationalisation ‘snatched’ an opportunity for India, the government’s reticence today to allow Gulf carriers more flights into India could “constrain” growth here […]

  The war against black money stashed abroad appears to have slowed down in the first nine months of 2022-23 compared with the previous two years, with just 59 assessment orders pertaining to tax demands aggregating to ₹2,098 crore being passed.  In 2020-21, 120 such orders were passed under the Black Money (Undisclosed Foreign Income […]

Photo used for representation purpose only.   The war against black money stashed abroad appears to have slowed down in the first nine months of 2022-23 compared with the previous two years, with just 59 assessment orders pertaining to tax demands aggregating to ₹2,098 crore being passed.  In 2020-21, 120 such orders were passed under […]

Drugmaker Granules India’s step-down subsidiary Granules Consumer Health Inc. (GCH) has completed an audit by the U.S. Food and Drug Administration (U.S. FDA) with zero observations. The audit, of the firm’s packaging site in Manassas, was a pre-approval inspection for three products filed from the facility. It was inspected from March 15-20. “The packaging site […]

India will spend a whopping 1.7% of its GDP on transport infrastructure this year – about twice the level in America and most European countries – a feat that has been noticed even by The Economist, which called it an ‘eye-watering’ upgrade that will set stage to achieve a $5-trillion economy. The NDA government has […]

Mining major NMDC has increased the price of iron ore lump by ₹100 a tonne and that of fines by ₹200 for a similar quantity with effect from March 21. Consequently, the price per tonne is ₹4,500 for lump ore and ₹4,110 for fines, NMDC, which is India’s largest iron ore producer, informed the stock […]

Casagrand will invest Rs. 8,000 crore over the next five years in the new vertical, according to Founder and Managing Director Arun Mn. City-based Casagrand group of companies announced its foray into the commercial real estate segment to develop 10 million sq. ft of leasable areas in Chennai, Bengaluru and Hyderabad by 2027. “It is […]