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Rs 22,067-crore rail infrastructure to boost coal transportation

With the commencement of the project, the government expects to augment the coal evacuation capacity to 410 MTPA.  These projects will cover 2,680 km across Jharkhand, Odisha and Chhattisgarh. 

published : 04 Dec 2021

Nasdaq to shift markets to Amazon Web Services in 2022

Nasdaq expects that migrating to the cloud will give its market infrastructure clients added agility and help them rapidly adjust to ever-changing industry dynamics in their countries and regions.

published : 04 Dec 2021

Paytm Money launches PMS marketplace for HNIs

PMS is an investment service offered to HNIs with Sebi mandating a minimum investment of Rs 50 lakh.

published : 04 Dec 2021

Global action only way to regulate evolving tech like cryptocurrencies: Nirmala Sitharaman

Her comments come at a time when the government is preparing to come out with legislation to regulate cryptocurrencies and resonates with what Prime Minister Narendra Modi had warned last month.

published : 04 Dec 2021

Hiring activity up 26 per cent in November: Naukri JobSpeak Index

The onset of the festive season marked the comeback of the retail sector - showing a 47% Y-o-Y growth in November’21, said the report.

published : 04 Dec 2021

Airtel, Vodafone Idea get back bank guarantees of Rs 6,500 crore from DoT

The amount is part of a relief package in which the government decided to cut bank guarantee requirements against statutory dues such as licensee fees by 80%. 

published : 04 Dec 2021

GPay, PhonePe eating up bank business, warns Uday Kotak

He said Indian bankers have been short-sighted on the payments business, leading to unified payments interface (UPI) payments being monopolised by the two major digital wallets.

published : 04 Dec 2021

Income Tax dept detects tax evasion after raids on 2 Indore groups

The searches were carried out on more than 70 premises in six states, including Madhya Pradesh, against the two unidentified groups on November 25.

published : 03 Dec 2021

Stock markets 101: A five-step guide to IPO investing

Holding shares in an IPO listing is a commitment that often warrants a leap of faith, however, making an informed choice while applying is not entirely impossible. How, you ask? Expert tips.

published : 03 Dec 2021

Air India disinvestment: Union moves HC on employees' welfare

According to the petitioner association, the Centre and the management of Air India had shared neither the draft share purchase agreement nor its content with the union prior to signing it.

published : 03 Dec 2021

RBI's new norms likely to increase NBFCs bad loans by one-third: Study

The report said that the RBI circular also calls for daily stamping of accounts to count the number of days they are overdues instead of a monthly or quarterly stamping.

published : 03 Dec 2021

Millennials leading charge in buying pre-owned vehicles in India: Report

The rise in new-vehicle prices and lifestyle changes due to the pandemic as well as emergence of online players are the major factors contributing to this shift.

published : 03 Dec 2021

Vodafone files application with finance ministry for settlement of retrospective tax dispute

The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets.

published : 03 Dec 2021

Forex reserves down by USD 2.713 million to USD 637.687 billion

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

published : 03 Dec 2021

Reliance Industries chief Mukesh Ambani backs data privacy, cryptocurrency bills

Stating that data is the 'new oil', he said that nations have the right to build and protect strategic digital infrastructure.

published : 03 Dec 2021
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