SC grants 10 years to telecom companies for clearing AGR dues of Rs 1.5 lakh crore
In a big relief to telecom companies, the Supreme Court on Tuesday granted them 10 years time to clear AGR dues of around Rs 1.5 lakh crore to be paid…
GDP result Q1FY21: NSO declare GDP at -23.9%, worst contraction in 4 decades
As per the data released by the National Statistical Office (NSO), India’s Gross Domestic Product (GDP) for the April-June quarter (Q1) slipped sharply by 23.9%, this is the first economic…
Adani Group acquires 74 per cent stake in Mumbai International Airport
Gautam Adani-led Adani Group has acquired 74% stake in Mumbai International Airport Limited (MIAL) Adani Enterprises Ltd, through its subsidiary Adani Airport Holdings Limited (AAHL), has entered into an agreement…
Reliance Retail buys Future Group’s businesses for ₹24,713 crore
Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, said on Saturday that it was acquiring the Kishore Biyani-promoted Future Group's retail, wholesale, logistics, and warehousing businesses for Rs 24,713…
Banks Board Bureau recommends Dinesh Khara as next SBI chairman
The Banks Board Bureau (BBB) on Friday recommended Dinesh Kumar Khara as the Chairman of State Bank of India. The present Chairman Rajnish Kumar will demit office in little over…
Walmart joins Microsoft in bid for video app TikTok
The world's largest retailer made a joint bid with tech giant Microsoft to buy TikTok's US business. Walmart is the latest company to want a piece of TikTok, the popular…
CCI approves Carlyle’s 25% stake acquisition in Airtel’s data centre
The Competition Commission of India (CCI) approved the acquisition of compulsorily convertible preference shares and equity shares in Airtel’s data centre business, Nxtra Data, by the Carlyle Group’s Comfort Investments…
Nirav Modi scam: PNB gets ₹24 crore as first tranche of recovery from US
“Punjab National Bank has informed the ministry of corporate affairs (MCA), which spearheaded the corporate governance litigation in a foreign jurisdictional court, that it has received $3.25 million (equivalent of…
GST reduced tax rates, doubled taxpayer base to 1.24 cr: Finance Ministry
The Finance Ministry on Monday said GST has reduced the rate at which people have to pay tax, helped increase compliance and doubled taxpayer base to 1.24 crore. Series of…
Upcoming IPO: Kalyan Jewellers files DRHP for Rs 1,750 crore IPO
Private equity major Warburg Pincus backed jewellery retail firm Kalyan Jewellers has filed its draft red herring prospectus (DRHP) with market regulator Securities & Exchange Board of India (SEBI) for…