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Finance Minister Nirmala Sitharaman chairs the 45th GST Council meeting in Lucknow, Friday, Sept. 17, 2021. (PTI Photo)

Food delivery, cab service to become costlier, petrol, diesel still not under GST

E-commerce operators are being made liable to pay tax on transport of passengers by any type of motor vehicles

18 Sep 2021 7:03 AM

Speaking at a CII event, Michael Patra, deputy governor at RBI, said core inflation remains sticky even though the headline numbers have moderated since May. (Twitter)

Inflation to stabilise only by FY24: Patra

Retail inflation moderated to 5.3 per cent in August but remained above the medium-term target of the RBI

17 Sep 2021 2:39 AM

With the onset of the festive season, SBI has also waived processing fees on home loans and occupation-linked interest premium. Representational Image. (PTI)

SBI cuts home loan rate to 6.7%, BoB to 6.75%

A Cibil credit score of more than 800 will make a borrower eligible for a home loan rate of 6.7 per cent

17 Sep 2021 2:18 AM

The RBI has been mandated by the government to keep retail inflation at 4 per cent with a margin of 2 per cent on either side. — DC file photo

Inflation eases in August to 5.3%

It was 5.59 per cent in July but had stood at a high 6.69 per cent in August 2020, the government data showed on Monday

14 Sep 2021 8:48 AM

Online retail store Zilingo is the most valuable gazelle and online furniture platform Pepperfry is the most valuable cheetah. (Twitter)

32 start-ups to turn unicorns in two years

India is currently home to 51 unicorns worth $168 billion

03 Sep 2021 2:53 AM

Foreign portfolio inves-tors were net buyers of equities worth Rs 348.52 crore. Representational Image. (PTI)

Sensex, Nifty move Higher

The Sensex closed 514 points or 0.90 per cent up at 57,852 while Nifty-50 gained 157.90 points or 0.92 per cent to close

03 Sep 2021 2:12 AM

Though the GDP numbers grew with low base effect, there are also other significant reasons which suggest a recovery in the economy. (Twitter)

Sign of recovery? GDP sees rise of 20 per cent in April-June

Briefing to the media about the GDP numbers, chief economic adviser KV Subramanian said that the data is an indicative of economic recovery

01 Sep 2021 6:53 AM

Reserve Bank of India stayed away from intervening while traders squared off their long dollar positions ahead of the US Federal Reserve chairman Jerome Powell’s Jackson Hole speech later in the evening. (PTI)

Rupee to strengthen as Fed hints at tapering

The rupee on Friday strengthened 53 paise against the US dollar to close at 73.69

28 Aug 2021 3:02 AM

Finance secretary T. V. Somanathan on Tuesday made the announcement during a meeting. (Photo: Twitter/@FinMinIndia)

Insurance bond could substitute bank guarantee

Bank guarantees are usually asked for while extending a loan and typically require a collateral

26 Aug 2021 11:37 AM

Indians have flocked to tourist spots across the country from the beaches of Goa on the west coast to the mountainous north on planes and in cars after the easing of restrictions. (Bloomberg)

Demand for airline fuel surges in India with tourism rebound

India is proving to be a bright spot for jet fuel demand after the delta variant interrupted a recovery in air travel from the US to China

26 Aug 2021 11:27 AM

Union finance minister Nirmala Sitharaman (PTI)

Finance Minister to unveil monetisation pipeline today

The plan aims to monetise brownfield infrastructure assets worth Rs 6 lakh crore across sectors

23 Aug 2021 3:02 AM

The LIC will offer a 20 per cent late fee concession up to Rs 2,000 if the total received premium is up to Rs 1 lakh. (Twitter)

LIC launches special campaign to revive lapsed policies

Policies which are in a lapsed condition are eligible to be revived in this campaign

23 Aug 2021 2:47 AM

Output rose at a robust pace, with over one-third of companies noting a monthly expansion in production,” Pollyanna De Lima, economics associate director at IHS Markit, said. — Representational image/By arrangement

Manufacturing PMI jumps to 55.3 in July

According to monthly IHS Markit India Manufacturing Purchasing Managers’ Index survey, the index moved above the critical 50.0 threshold

03 Aug 2021 8:51 AM

The government said this robust growth is expected to continue in the coming months, according to the finance ministry statement released on Sunday. (ANI)

GST collections cross Rs 1-L cr mark in July

The GST collections in July 2021 are primarily for supplies and sales made in June

02 Aug 2021 1:14 PM

As many as 29,884 real estate projects have been registered under Maha-RERA and of this 24 per cent, or 7,245 projects have been completed. Representational Image. (AFP)

MahaRERA bars sales of delayed projects

MahaRERA has released the list of 644 residential projects that are completely prohibited from making sales, advertisement or marketing

30 Jul 2021 2:49 AM

Union Finance Minister Nirmala Sitharaman addresses a press conference on Cabinet decisions, in New Delhi, Wednesday, July 28, 2021. (PTI Photo

Union Cabinet approves Bill to protect bank deposits of up to Rs 5 lakh

Union Cabinet on Wednesday approved a Bill to protect bank deposits of up to Rs 5 lakh

29 Jul 2021 7:27 AM

On Monday the company had allotted shares worth Rs 454.08 crore to anchor investors. (Twitter)

Glenmark Life IPO sees retail rush

The retail individual investors portion got subscribed 5.30 times and HNI portion 0.88 times

28 Jul 2021 4:44 AM

The Nifty Pharma Index fell 4.33 per cent as Dr Reddy's stock plunged 10.44 per cent post-results. (Twitter)

China selloff, weak pharma earnings hurt sentiments

The Indian market was also cautious ahead of the US Federal Reserve's two day policy meeting beginning on Tuesday

28 Jul 2021 4:44 AM

However, revenue per available rooms (RevPAR) has been growing all these months. Representational Image (Twitter)

Hotel occupancies rise as leisure travel revives

Occupancies in these cities stood at 30-32 per cent in the month of June, which was 12-14 per cent higher than the occupancies in May

28 Jul 2021 3:24 AM

So far ICICI Bank, HDFC Bank, Federal Bank and CSB that have announced their Q1 earnings have seen a spike in retail slippages, particularly from gold loans. (Representational Photo:PTI)

Slippages from gold loans rise for private banks in Q1

There has been a sharp spike in retail slippages, especially from gold loans and the farm segment, as the Covid second wave hit repayments

26 Jul 2021 12:58 AM

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Dilip Cherian