RBI may cut repo rate by 25 bps due to weak economic activity, inflation says Goldman Sachs

Reserve Bank of India is likely to cut repo rate by 25 basis points in the April policy due to weak economic activity, benign inflation and soft global growth,... Read more »

Highlights of PM Modi’s address to the nation on Mission Shakti.

Prime Minister Narendra Modi, addressing the nation on Wednesday said that India has attained anti-satellite capability, becoming the fourth such country in the world. He said that the mission... Read more »

RBI imposes Rs 2 crore fine on PNB for violating SWIFT rules

The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore after it found out that it violated the compliance with regulatory directions regarding SWIFT... Read more »

Wealth tax can help fund Rahul Gandhi’s NYAY, says World Inequality Lab

The Congress proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can better assessed with more progressive taxation, which could include a wealth tax... Read more »

Grasim Industries contests ₹5,872 crore income-tax demand before Bombay High Court

Grasim Industries on Monday said it has challenged the ₹5,872.13 crore income-tax demand with regard to its merger with two Aditya Birla group firms before the Bombay High Court, which... Read more »

DLF’s issue subscribed two times, raises Rs 3,200 crore

Realty major DLF’s QIP issue has been oversubscribed by two times, enabling the company to raise around Rs 3,200 crore. On Monday, DLF, the country’s largest real estate firm in... Read more »

Reliance Industries acquires ITC’s John Players for Rs 150 crore.

Reliance Retail Ltd (RRL), the retail arm of Reliance Industries said on Tuesday that it has bought ITC Ltd’s menswear brand John Players. The acquisition will bolster RRL’s readymade... Read more »

Mallaya asked banks to use his money to save Jet Airways

A day after the government announcement of Public Sector Banks (PSUs) bailout plan for Jet Airways, businessman Vijay Mallya lashed out at the PSUs for “double standards” under the... Read more »

Sebi changes norms on commissions and disclosures for mutual funds

Markets regulator Sebi Monday announced changes in norms related to payment of commissions and disclosures for the mutual fund industry. Changes have been made to various circulars issued earlier,... Read more »

Weak exports, rural distress, uncertainty over election outcome to lower IIP says Report

India’s industrial production is expected to stay muted in the near term, on account of weak exports, rural distress, credit constraints and uncertainty over the election outcome, a report... Read more »