New Delhi (IANS) India on Tuesday notified the RoDTEP (Refund of Duties and Taxes on Exported Products) scheme, meant to provide refunds to exporters on taxes and levies borne on exported products. “The scheme for zero rating of exports will boost … read more
Mumbai (IANS) Foreign portfolio investors (FPI) have made a net investment of Rs 2,085 crore so far in August in Indian equities, according to data from NSDL. The FPIs have made a comeback after a net outflow of Rs 11,308 crore … read more
New Delhi (IANS) A faster growth in private sector spending would be required to spur economic growth in the 2020 decade, Motilal Oswal Financial Services (MOFSL) said. The MOFSL research note cited limitations in government revenues to support growth in the … read more
New Delhi (IANS) India’s merchandise exports in July 2021 rose to $35.43 billion, higher by 49.85 per cent on a year-on-year basis, official data showed on Friday. Exports during July 2020 stood at $23.64 billion. The data by the Ministry of … read more
New Delhi (IANS) Lower food prices eased India’s July retail inflation on a sequential basis. Data furnished by the National Statistical Office (NSO) showed that the Consumer Price Index (CPI) slipped to 5.59 per cent last month from 6.26 per … read more
New Delhi (IANS) Billionaire Mukesh Ambanis Reliance Industries is weighing a bid for Deutsche Telekom AG’s Netherlands subsidiary, according to people familiar with the matter, Bloomberg reported. The Indian conglomerate is working with an adviser to evaluate an offer for T-Mobile … read more
New Delhi (IANS) Low base, along with rising demand, pushed up India’s overall vehicle retail sales on both sequential and year-on-year basis in July 2021. The data released by the Federation of Automobile Dealers Associations (FADA) showed a rise of 34.12 … read more
Mumbai (IANS) Deloitte Touche Tohmatsu India LLP, KPMG and five others are in the race for be the transaction advisor during the proposed strategic sale of the IDBI Bank. The other bidders in the fray are EY, ICICI Securities, JM … read more
Mumbai (IANS) India’s foreign exchange reserves rose by $9.427 billion, during the week ended July 30. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves had decreased to $620.576 billion from $611.149 billion reported for the week … read more
New Delhi (IANS) Gas transmission utility GAIL (India) has reported a big jump in its profitability during the first quarter of current financial year, on the back of overall improvement in operational parameters with higher margins in gas marketing and … read more