Dec 31, 2021, at 11:06 pm
Mumbai/IBNS: Tata Group is yet to get the ownership of Air India because of delays in finalisation of its balance sheet and approvals from international regulators, Economic Time reported recently.
GST council meeting defers rate hike on textiles amid opposition from states, industry
Dec 31, 2021, at 10:33 pm
New Delhi/IBNS: The GST council meeting chaired by finance minister Nirmala Sitharaman Friday decided to defer the rate of hike on Textiles from 5 percent to 12 percent till the next meeting in February, media reports said.
SBI buys 9.95 pc stake in India International Exchange (IFSC)
Dec 31, 2021, at 08:36 am
Mumbai/IBNS: India's largest public sector lender State Bank of India (SBI) announced the acquisition of 9.95 percent in India International Exchange (IFSC).
CCI approves acquisition of 96.42% equity in Jindal Power by Worldone
Dec 31, 2021, at 08:24 am
New Delhi/IBNS: The Competition Commission of India (CCI) approves acquisition of 96.42 percent equity shareholding in Jindal Power Limited by Worldone Private Limited, the antitrust regulator said in a statement.
Sanjay Kumar Singh takes charge as Steel Secretary
Dec 31, 2021, at 07:54 am
New Delhi/IBNS: Sanjay Kumar Singh Thursday assumed charge as the Secretary of Ministry of Steel, the government said in a statement.
Dec 31, 2021, at 07:43 am
New Delhi/IBNS: The government Thursday notified Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021, revising the existing pecuniary jurisdiction for entertaining consumer complaints.
Last date of filing GST annual returns for 2020-21 extended
Dec 31, 2021, at 06:23 am
New Delhi/IBNS: The government has extended the deadline til February 28 for filing the GST annual returns for 2020-21 fiscal ended March 2021.
LIBOR Transition: SBI ready to switch to new interest benchmark
Dec 31, 2021, at 05:17 am
Mumbai/IBNS: The country's largest public-sector lender State Bank of India Thursday said it is all set to implement the new interest benchmark with the cessation of the traditional London Interbank Offered Rate (LIBOR) for its daily business and product pricing.
SEBI specifies penalty for non-compliance by non-convertible securities
Dec 31, 2021, at 03:32 am
Markets regulator SEBI on Wednesday announced guidelines for imposing fines and taking strict action for non-compliance with continuous disclosure requirements by the issuers of listed non-convertible securities and commercial papers.
Punjab National Bank launches online life certificate submission facility
Dec 30, 2021, at 11:55 pm
Kolkata/IBNS: In a major initiative to simplify and extend convenience to its pensioners, Punjab National Bank has come up with the facility of online Life Certificate submission for Central/State Govt. pensioners.
We will achieve 70 percent Made in India products by 2025: Kutchina MD
Dec 30, 2021, at 11:20 pm
IBNS Correspondent Nitin Waghela catches up with Areyan Bajoria, Managing Director of Kutchina, to understand the kitchen brand's growth strategy and the latest trends taking place in the world of Indian kitchen market.
Volvo Car India announces price hike
Dec 30, 2021, at 11:15 pm
Kolkata/IBNS: Swedish luxury carmaker Volvo Car India today announced an increase in the ex-showroom prices of its cars in India ranging between rupees one to three lakhs due to a rise in input costs. The new prices would be effective from January 1, 2022.
How to Keep Your Life Insured and Still Have a Regular Income?
Dec 30, 2021, at 10:42 pm
Life insurance has long been used to safeguard the financial stability of the family even after the death of the breadwinner. A family that loses its breadwinner might quickly lose its financial standing, risking the financial future of its children. Therefore, life insurance plans, particularly term insurance plans, would provide a considerable quantity of funds to the grieving family and assist them in achieving their life objectives.
Unitholders' consent mandatory before winding up Mutual Fund scheme: SEBI
Dec 30, 2021, at 09:04 pm
Mumbai/IBNS: Mutual fund (MF) trustees have to take the consent of unitholders’ while winding up any MF scheme, the market regulator Securities Exchange Board of India has decided in a board meeting.
LIC's Digi Zone to accelerate digital transformation
Dec 30, 2021, at 08:54 pm
Kochi/UNI: Life Insurance Corporation (LIC) of India has launched LIC Digi Zone to enhance the digital operations related to sales and services for its customers.
Centre invites applications under PLI scheme for speciality steel
Dec 30, 2021, at 08:29 pm
New Delhi/IBNS: The government has started inviting applications from investors seeking to invest and avail benefits under the production linked scheme (PLI) for speciality steel on Wednesday.
Dec 30, 2021, at 08:25 am
Mumbai/IBNS: The Reserve Bank of India has said the gross non-performing assets (GNPAs) of banks may jump from 6.9 percent in September 2021 to 8.1 percent by September 2022 under the baseline scenario and to 9.5 percent under a severe stress scenario, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) on Wednesday.
NRIs, OCIs don't need RBI's approval for buying immovable property in India
Dec 30, 2021, at 06:26 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has said NRIs and OCIs do not need its prior permission for the sale and transfer of immovable properties in India, other than agricultural land, farm houses, plantation properties.
Banks offer Rs 35,000 cr loan to Air India's new owner Talace promoted by Tata
Dec 30, 2021, at 05:58 am
Mumbai/IBNS:Air India has been offered a loan of over Rs 35,000 crore at a weighted-average yield of 4.25 percent, the cut-off rate at which the government last raised one-year money through an auction of 364-days treasury bills, ET reported.
ICRA revises outlook for telecom sector; says ARPU to increase to Rs 174 by FY23 end
Dec 30, 2021, at 04:04 am
Ratings agency ICRA has revised the industry outlook for the telecom sector from 'negative' to 'stable' as the tariff hike by three big companies, Reliance Jio, Vodafone, and Bharati Airtel, following Centre's reforms package, is likely to increase the industry average revenue per user (ARPU) and also support telco companies to profit.
Mukesh Ambani opens up about succession of Reliance Industries for the first time
Dec 30, 2021, at 12:41 am
Mumbai/IBNS: Reliance Industries Chairman, Mukesh Ambani has opened up about succession for the first time. The 64-year-old richest Indian said he wants to accelerate the process of leadership transition with the seniors including him making way for the new generation.
State Bank of India down 1.45 pc to Rs 454.25
Dec 29, 2021, at 10:55 pm
Mumbai/UNI: SBI on Wednesday fell by 1.45 pc to Rs 454.25 a major loser in 30 scrips of BSE.
Central Bank of India launches RuPay Business Platinum Debit Card
Dec 29, 2021, at 10:34 pm
New Delhi: Central Bank of India (CBoI) has announced its partnership with the National Payments Corporation of India (NPCI) to launch a tailor-made offering for firms/corporates – ‘Central Bank of India RuPay Business Platinum Debit Card’.
Indian Market: Sensex down 90.99 points
Dec 29, 2021, at 10:11 pm
Mumbai/UNI: The BSE Sensex on Wednesday fell by 90.99 points to settle at 57,806.49 as selling was seen in metal, materials, power and utilities stocks.
Top CII Innovative Institution Award 2021 for Thiagarajar Polytechnic College
Dec 29, 2021, at 09:33 pm
Bengaluru: Salem-based Thiagarajar Polytechnic College emerged as the winner in the CII instituted ‘Industrial Innovation Awards 2021’ among polytechnics, making the 64-year old polytechnic in the country to have won this honour.
Soumen Halder moves to Polo Floatel Kolkata as GM from Vedic Village Spa Resort
Dec 29, 2021, at 04:31 pm
Kolkata/IBNS: Shillong headquartered hospitality brand Polo Towers Group announced the appointment of Soumen Halder as the General Manager of their Kolkata-based Polo Floatel.
Centre notifies new direct selling rules; bans pyramid and money circulation schemes
Dec 29, 2021, at 07:32 am
New Delhi/IBNS: The central government on December 28 notified new rules for the direct selling industry banning companies from promoting pyramid and money circulation schemes.
Entrepreneur Pankhuri Shrivastava dies at 32, leaves startup world mourning
Dec 29, 2021, at 06:41 am
New Delhi/IBNS: Entrepreneur Pankhuri Shrivastava, the founder of women-focused social venture 'Pankhuri', died on Friday from a cardiac arrest, her company has informed. She was 32.
FM Nirmala Sitharaman to hold pre-budget meeting with state counterparts on Dec 30
Dec 29, 2021, at 05:57 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman will hold a meeting with the finance minsters of states as part of the customary pre-budget consultations with various stake holders, media reports said.
As Ratan Tata turns 84, here's a look at another great year of India's greatest businessman
Dec 29, 2021, at 05:18 am
Mumbai/IBNS: Legendary businessman Ratan Tata celebrated his 84th birthday on Tuesday. Birthday wishes poured in for the Chairman Emeritus of Tata Sons with netizens sharing photos from his youth and inspirational quotes from him.