Reliance Capital to reduce debt, monetise stakes

Reliance Capital Limited, a part of Reliance Group, today announced its overall strategy to reduce its debt by approx. Rs. 10,000 – 12,000 crore in the next 3-4 months.... Read more »

Nomura sees GDP growth target below 7% in 2019-20

The likelihood of Indian GDP growth coming at below 7 percent in 2019-20 is quite high despite aiding factors like low oil prices and an expansionary budget, a report... Read more »

CBDT notifies relaxed norms for startups.

Start-ups can now seek angel tax exemptions for investments up to Rs 25 crores, according to the modified norms of the income tax (I-T) department. The modified norms look... Read more »

The top 20 richest Indians according to Forbes.

Mukesh Ambani Mukesh Ambani chairs and runs $60 billion (revenue) oil and gas giant Reliance Industries, among India’s most valuable companies. Reliance was founded by his late father Dhirubhai... Read more »

The richest people in the world according to Forbes.

Jeff Bezos Jeff Bezos founded e-commerce manmoth Amazon in 1994 from his garage in Seattle. He remains CEO and owns a 16% stake. His real time net worth is $139.6B.... Read more »

Government likely to lower corporate tax in wake of GST collection rise

The government has agreed to lower corporate tax rate to 25 per cent for all companies once Goods and Services Tax (GST) mop-up improves, Ficci President Sandip Somany said... Read more »

Reliance Infrastructure wins Rs 648 crore contract from AAI, share surge 6%

Shares of Reliance Infrastructure have increased 6 per cent in intra-day trade on Tuesday after Anil Ambani-led company said it has received the Letter of Award (LOA) from the... Read more »

Trump plans to cancel preferential trade status for India, Turkey

United States President Donald Trump has said that he would like to finish the preferential trade status granted to India and Turkey. He also stated that New Delhi has... Read more »

Lok Sabha’s elections to be held on time despite India-Pak tensions.

The Election Commission of India announced that the Lok Sabha poll would be scheduled for March 9, Saturday. Last week, Chief Election Commissioner Sunil Arora had said that general... Read more »

RIL to acquire Grab and C-Square Info Solutions

RIL-arm Reliance Industrial Investments has reached into an agreement to acquire logistics services platform Grab and software firm C-Square Info Solutions. Reliance Industries, in a regulatory filing, said its... Read more »