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

Sebi cancels registration of rating firm BWR; asked to shut shop

Regulator had earlier recommended governance changes after it found instances of lapses.

07 Oct 2022

Restaurants on ONDC to have access to data of customers

The restaurant body has also said that the commissions charged by Zomato and Swiggy from restaurants to the tune of 20% to 30%, which are extremely exorbitant and unviable.

06 Oct 2022

ONDC to charge retailers one-fourth of Amazon, Flipkart

 Government sources told TNIE that small retailers can access the ONDC platform at 8-10% of the selling price of products compared to 18-40% that they pay to Amazon and Flipkart.

04 Oct 2022

Home loan EMIs to go further up as RBI steps up its inflation fight

Raises repo rate by 0.5%; future hikes likely

01 Oct 2022

Two-third of decline in forex reserve due to depreciation in Euro, Pound, Yen: RBI Governor

Das said that India’s foreign exchange reserve stood $ 537.5 billion as on 23 September 2022, down from $545 billion a week ago.

30 Sep 2022

Online gaming firm Gameskraft served Rs 21,000 crore GST notice 

Sources in the gaming industry told TNIE that an intimation notice was served earlier to Gameskraft in this regard, and the same has been stayed by the Karnataka High Court on 23 September.

26 Sep 2022

Re at new low vs $, stays strong against other currencies 

This week the rupee fell 1.6%, mostly weighed down by the US Federal Reserve’s decision to hike interest rates by 75 basis points on Wednesday.

24 Sep 2022

Gautam Adani: A first gen bizman who rose to global ranks

Adani Enterprises, the umbrella company that holds several of his diversified businesses, was started as a commodity trading company in 1988.

18 Sep 2022

Government developing new domestic index to track logistics costs in India

Accodring to the the last World Bank Logistics Performance Index published in 2018, India was ranked 44th in terms of logistics performance.

16 Sep 2022

India’s forex reserves down $90 billion from $642 billion peak in November 2021

The continuous drop in the country’s forex reserve has been largely attributed to the central bank’s efforts to support the rupee, which has fallen 8% over the past one year.

10 Sep 2022

SEZ Act and rules may be notified together

The Bill, which was supposed to be tabled in the Monsoon session of parliament, will now be placed before the parliament in the next session.

08 Sep 2022

RIP Cyrus Mistry: How SP Group scion's fairy-tale innings with Tatas ended

Tata Sons further said that it was unfortunate that only on his removal as chairman that he began making allegations and misrepresentations about business decisions he was party to for over a decade.

05 Sep 2022

How India surpassed UK to become fifth largest world economy

As per the latest numbers, India’s nominal GDP or GDP at the current price in the April-June quarter was Rs 64.95 lakh crore, which at the June rupee-dollar exchange rate comes to around $823 billion.

03 Sep 2022

Govt says income tax refunds up 78 per cent; denies reports of delay

“Returns processing takes place at CPC Bengaluru. The issue is there in their process. Not sure what protocols they follow, but it (refund) is being delayed this year,” said a chartered accountant.

26 Aug 2022