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Reliance Capital’s general insurance business seeks Rs 600 crores capital infusion

The general insurance company has said that the fund infusion is essential to preserve the business, enhance the value and take the company's solvency from 155 per cent to about 175 per cent.

08 Dec 2022

Oaktree could exit race for Reliance Capital

Oaktree has asked for Reliance Capital’s financial results till 31st December 2022 and a four week extension for conducting the auction process.

08 Dec 2022

Reliance Capital stares at liquidation as bid prices disappoint

Sources said Life Insurance Corporation of India (LIC) and EPFO, who collectively control 35% of voting rights in the CoC, hold the key to resolving the differences.

06 Dec 2022

Efforts to broaden tax base bearing fruits: Tarun Bajaj

According to Bajaj, one of the changes in the new tax regime could be increasing the threshold from Rs 2.5 lakh to say Rs 7 lakh. He also feels the need for rationalising the tax slabs.

30 Nov 2022

What can change in capital gains tax rules in budget

Government is reportedly looking at simplifying tax structure by bringing uniformity in holding periods to decide the nature of capital gains as short or long

28 Nov 2022

Amazon lay-offs likely less severe in India

Impact could be grave in the US, which is facing economic slowdown; retail, HR, tech roles to get impacted

17 Nov 2022

Rupee trade with Russia yet to take off

No transactions have taken place so far in the Vostro accounts that the Russian banks have opened in local branches in India for rupee trade,

16 Nov 2022

Insurers approach govt for resolution in fake ITC case

If cos contest DGGI claim then they will have to admit to the practice of paying commissions to agents above the cap stipulated by IRDAI.

11 Nov 2022

Banks hint at slower pace of deposit rate hike even as lending rates go up

These banks have said they have enough ‘space’ in terms of liquidity to continue for another quarter or two without worrying about raising funds via deposits at higher rates.

08 Nov 2022

Know the tax implications of moonlighting

Even if your side-gig, irrespective of its nature, escapes the attention of the regular employer, it will not escape the attention of the tax department

24 Oct 2022

Disinvestment: BEML demerged entity to be listed on bourses within 30 days

The listing would allow the market to price the demerged entity,” a finance ministry official told TNIE. BEML is currently valued at a market cap of Rs 63,600 crore.

18 Oct 2022

Government debunks ‘erroneous’ hunger index ranking

The Global Hunger Index (GHI) ranking has seen India’s ranking slipped further to 107 (out of 121) in 2022 from 101 (out of 116) in the previous year.

16 Oct 2022

Weed out inflated fund demands, Finance Ministry to other ministries

The note also exhorts all ministries to use all measures including use of electronic systems to ensure proper planning and monitoring of their expenditure.

10 Oct 2022

GoI bond inclusion: Efforts on to resolve hurdles

“As part of the Index Watch, we will continue to engage with the regulators and market participants, and gather feedback on sufficient resolutions for the remaining hurdles,” Gloria Kim told TNIE.

07 Oct 2022