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Economy
SEBI to auction Ravi Kiran Realty’s properties to recover investors’ money
New Delhi: Securities market regulator SEBI on Tuesday said it will auction four properties of Ravi Kiran Realty India and its promoters to recover investors' money.
These properties, located in West Bengal, will be auctioned at a…
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India’s Apr-Oct fiscal deficit over 36% of FY22 target
New Delhi: India's April-October budgetary fiscal deficit has reached 36.3 per cent of the FY22 target.
As per the data furnished by the Controller General of Accounts (CGA), the fiscal deficit -- the difference between revenue and…
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Coal, petroleum products’ production fuel Oct core industry growth
New Delhi: Healthy production of coal, and petroleum products as well as eased Covid restrictions lifted the growth of India's eight major industries in October on a year-on-year and sequential basis.
On a sequential basis, the Index of…
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Will double down on India growth in next 6 months: WhatsApp Pay
New Delhi: WhatsApp India on Tuesday said that over the next six months, it will make significant investments regarding digital payments on its platform across the country, to accelerate its growth in a market where adoption of unified…
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PhonePe ‘SafeCard’ Enables Businesses to Implement Tokenisation Easily
Bengaluru: PhonePe, Indias leading digital payments platform, on Tuesday announced that its SafeCard tokenisation solution for online businesses enables their end customers to experience the convenience of saved card transactions with…
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Parag Agarwal joins elite club of Indian-origin CEOs
New Delhi: Parag Agarwal, the newly-appointed CEO of Twitter, has joined the high-profile league of Indian and Indian origin honchos, who are calling the shots at global corporations.
Agarwal joins Microsoft CEO Satya Nadella, Alphabet…
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LIC gets RBI approval to raise stake in Kotak Mahindra Bank
New Delhi: Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in the Kotak Mahindra Bank.
The approval is to raise LIC's stake in the bank up to 9.99 per cent from the…
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Real estate sector to contribute 13% to India’s GDP by 2025
New Delhi: According to a report released in August by the Indian Real Estate Industry, the real estate market is all set to reach a market size of $1 trillion by 2030, and will contribute 13 per cent to the GDP by 2025.
The report also…
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Now, Reliance Jio raises prepaid tariffs by around 20%
New Delhi: After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.
The revised tariffs will come into effect from December 1, the telecom major said.…
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RBI’s recent norms may spike NPAs for NBFCs, says ICRA
New Delhi: The Reserve Bank of India's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in…
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