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"business-news"

  • Tax department is not into snooping on social media accounts of taxpayers, say I-T sources

    Digital, social media accounts accessed only in search, survey ops; not against common taxpayer: top I-T department official
  • India can become global hub for submarine telecom cable network

    The country currently hosts around 17 international subsea cables across 14 distinct landing stations located in Mumbai, Chennai, Cochin, Tuticorin and Trivandrum
  • Goods and Services Tax rates to be reduced further: FM Nirmala Sitharaman

    FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, has now come down to 11.4 per cent in 2023 and will decrease further
  • IIT, Hyderabad, joins hands with Coal India to develop clean coal tech

    CIL has green-flagged a grant of Rs 98 cr to IITH for a duration of five years for setting up Centre of Excellence on the institute’s campus
  • Soon you can withdraw PF amount directly from ATMs

    The government plans to launch EPFO 3.0 app by May or June this year which will offer banking-like convenience along with several digital features to make transactions easier
  • Sebi board members will have to reveal conflict of interest, says Chairman Tuhin Kanta Pandey

    US-based short seller Hindenberg had made allegations against Pandey’s predecessor Madhabi Puri Buch circling around potential conflicts of interest based on whistleblower documents
  • Indian tech startup ecosystem now ranks second, after US

    India is home to over 7,000 active women-led startups, accounting for 7.5 per cent of all active startups in the country.
  • Reliance Retail slashing jobs to boost valuations as it readies for IPO

    The company is also limiting the presence of its physical stores, slashing marketing budgets and merging Reliance Brands Ltd, with its umbrella retail entity, according to report
  • Castrol India stock zooms over 13 per cent as Aramco explores buying BP’s lubricant division

    As part of a significant restructuring effort, BP (formerly the British Petroleum) has initiated a strategic evaluation of its Castrol lubricants division, stating that it could have a valuation of nearly $10 billion
  • India now home to 191 billionaires

    Combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion). Millionaire population up 6 per cent in 2024: Knight Frank
  • MWC 2025: India’s guiding principles towards tech governance

    Minister for Communications, Jyotiraditya Scindia, says Innovation, inclusivity, sustainability and trust form the core of India's guiding principles towards tech governance, at the Mobile World Congress (MWC)
  • Struggling Ola Electric fails to start cell manufacturing at its Gigafactory

    Bhavish Aggarwal-run Ola Electric reported a massive net loss of Rs 564 crore in Q3 of FY25. It is laying off more than 1,000 employees in its second round of job cuts within months  
  • Bofors: CBI sends judicial request to United States, seeks information from private investigator Michael Hershman

    The CBI also approached the Finance Ministry seeking documents pertaining to engagement of Hershman and if any report was submitted by him but the records of that time could not be furnished to the agency
  • Indian steelmakers face China dump as Trump’s 25% tariff takes effect on March 12

    The tariff is expected to slash steel exports to the US by 85 per cent, creating a massive surplus that will likely flood India which is one of the few major markets without trade restrictions, says industry body
  • PM Modi says there is need to develop new modes of credit delivery to fund MSMEs

    Addressing a post-Budget webinar for Micro, Small and Medium Enterprises (MSMEs), the Prime Minister said five lakh first-time women, SC & ST entrepreneurs will be provided loans of up to Rs 2 crore.
  • Take big steps in manufacturing, PM Narendra Modi tells industry leaders

    Prime Minister Modi says India's manufacturing sector should take advantage of the growing needs of the world by producing high quality products
  • Government slaps Rs 24,500 crore demand notice on Reliance for gains made from ONGC block

    Consequent upon the Division Bench judgment, the Ministry of Petroleum and Natural Gas has raised a demand of USD 2.81 billion on the PSC contractors namely Reliance Industries Ltd, BP Exploration (Alpha) Ltd and NIKO (NECO) Ltd
  • FIR against ex-Sebi chief Madhabi Puri Buch, HC stays special court’s order

    Bombay High Court stays special court order directing FIR against ex-Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations
  • Jio Platforms ties up with AMD, Cisco, Nokia to create Open Telecom AI Platform

    The multi-domain intelligence framework will integrate AI and automation into every layer of network operations
  • Trade war: China bans US firm Lockheed Martin, nine other companies

    These companies cannot engage in China-related import or export activities and make new investments in the country
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