Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm
The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
At 8.5 percent, unemployment rate falls to pre-lockdown levels, suggests CMIE data; rural employment likely to see 'bigger gains' in coming months
India’s unemployment rate reduced to pre-lockdown levels at 8.5 percent during the week that ended on 21 June, Centre for Monitoring Indian Economy (CMIE) said.
The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.
SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards
Markets regulator SEBI allowed transactions in defaulted debt securities and put in place operational framework for such transactions
Until recently, Shakir was the CFO at Microsoft India. He will take charge from Pratibha K Advani who resigned from Tata Communications after a stint of over five years.
With 3.2% expansion in Q1, China becomes first major economy to return to growth since beginning of pandemic
Chinese exporters have benefited from the economy’s relatively early reopening and global demand for medical supplies, according to a National Bureau of Statistics report
The amount will be borrowed by the Centre under the Special Window in appropriate tranches and will be passed on to states in back-to back loans, said a finance ministry statement. However, it did not say who will service the interest and principal payments
The government sources said this in the backdrop of IMF's growth projections showing Bangladesh closing in on India in terms of per capita GDP this year.
The court said the Central Government should implement 'as soon as possible' interest waiver on loans of up to Rs 2 crore under the RBI moratorium scheme in view of the COVID-19 pandemic
Infosys announces salary hikes, promotions from Jan 2021; special incentive pay for junior employees
The Bengaluru-based company had 2,40,208 employees at the end of September 2020 quarter. COO Pravin Rao said the quantum of hikes would be identical to previous years
Revisions to the growth forecast are particularly large for India, where GDP contracted much more severely than expected in the second quarter
Nirmala Sitharaman's LTC, festival schemes for Central employees cue for states to fix their finances
With many of the states already facing a fund crunch, they are going to be in more difficulty to match the Centre’s largesse.
Centre will give govt employees cash vouchers instead of LTC to stimulate economy, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman also announced additional capital spending and Rs 12,000 crore, 50-year interest-free loan to states.
GST Council to discuss compensation for states for third time tomorrow; decision on setting up group of ministers likely
In its previous meeting last week, the Council had decided to extend the surcharge on taxes on luxury goods beyond June 2022 but failed to reach a consensus on ways to compensate states for loss of tax revenue
It is alleged that loans taken for Mack Star were transferred to settle HDIL liabilities to Yes Bank without intimation to its majority stakeholder and investor ODIL in a conspiracy orchestrated by the HDIL promoters, directors and auditors
The rich in India got richer as the wealth of the top 100 on the list increased by about 14 percent or $517.5 billion compared to 2019, as per Forbes Magazine
The net profit, however, excluded Rs 1,218 crore-provision towards a legal claim, the company said in a regulatory filing
Khara, who joined SBI in 1984 as a Probationary Officer, was instrumental in merging five associate banks and Bharatiya Mahila Bank with SBI in 2017
Abu Dhabi Investment Authority to invest Rs 5,512.5 crore in RIL retail arm; joins Silver Lake, KKR among others
The investment by ADIA in Reliance Retail Ventures Limited in exchange for a 1.2 percent stake values the company, India’s largest retailer, at a pre-money equity value of Rs 4.285 lakh crore.
CKG's ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were produced before a local court and sent to seven-day custody