BlackBuck, an online marketplace for trucking has been able to raise $150 million (about Rs 1,050 crore) in a funding round led by Goldman Sachs Investment Partners and Silicon... Read more »
The government hit the highest Goods and Services Tax collection since its roll out for April. The government reported a 10.05 percent year-on-year rise in the Goods and Services Tax... Read more »
Hospitality firm OYO has decided to acquire Amsterdam-based vacation rental company Leisure Group from Axel Springer for an estimated $415 million (over Rs 2,885 crore). The acquisition could help... Read more »
Rating agency ICRA has downgraded Reliance Capital’s short-term debt worth Rs 950 crore to A4. ICRA announced that the rating watch is with negative implications due to the company’s slow monetization of... Read more »
India Ratings and Research (Ind-Ra) has cut its FY20 gross domestic product (GDP) growth estimate marginally by 0.2%, down to 7.3% from its previous forecast of 7.5%. The key... Read more »
State-owned National Small Industries Corp’s (NSIC) net profit for 2018-19 may see a drop because of stiff competition from private players, an official said Tuesday. The company is also... Read more »
Capital market regulator Securities and Exchange Board of India (Sebi) on Tuesday banned the National Stock Exchange (NSE) from accessing the securities market for a period of six months... Read more »
For the first time, the government has sold ‘enemy properties’ worth Rs 1,874 crore in April, as it seeks to fast-track the sale process of such assets to meet... Read more »
Some public sector banks could soon receive an invitation from the government to discuss another round of mergers in the sector, a Finance Ministry official told The Economic Times. It... Read more »
Business tycoon, Ness Wadia, owner of IPL team Kings XI Punjab had been sentenced to two-year prison term for possession of drugs in Japan. The sentence however has been... Read more »