As GST implementation completes two years, the finance ministry will on July 1 come up with further reforms in the indirect tax system with introduction of new return system, rationalisation of cash... Read more »
Cox & Kings has defaulted on commercial paper worth Rs 150 crore, the company told stock exchanges on Thursday. The tour operator has been facing cash crunch for some time now and has... Read more »
The proposed spectrum auctions in India, also includes radio waves for 5G technology, and are likely to be held only in the second half of 2020 or later, given the stressed balance... Read more »
Shares of Dewan Housing Finance Corporation Ltd (DHFL) dropped nearly 7 percent after the company deferred its March-quarter earnings announcement date. They had earlier scheduled to announce earnings on June 29. The... Read more »
The government seeks to launch an exchange-traded fund (ETF) consisting of stocks of PSU banks, insurers, and financial institutions this fiscal and has invited bids from advisors to explore its feasibility. After... Read more »
The country’s financial system is stable amid setbacks with NPA cycle and the sharp reduction in the ratio of dud assets to 9.3 percent, the Reserve Bank of India (RBI) said Thursday... Read more »
India’s largest private sector lender, HDFC Bank, is looking at an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services, that could see the company raise more than $1 billion,... Read more »
India on Sunday insisted on promoting micro, small and medium enterprises (MSMEs) in developing countries as they are important for employment and income generation. This was emphasised by commerce and industry minister... Read more »
The MG Hector from the iconic brand Morris Garages, which is now owned by Chinese giant SAIC Motor Corp is launching formally in India. This marks the first Chinese entrant in a notoriously... Read more »
Prime Minister Narendra Modi on Thursday has arrived in Japan for the G20 Summit during which he will engage in plurilateral talks and meet with the world leaders including US President Donald... Read more »