New Delhi (IANS) Most people are of the opinion that online fantasy sports classify as gambling. As per a survey by Local Circles, 67 per cent of citizens in the survey called it gambling while only 12 per cent of citizens … read more
New Delhi (IANS) Public sector oil marketing companies IndianOil, Hindustan Petroleum and privation bound Bharat Petroleum remained active in the country’s oil market in 2020 even though the pandemic and lockdown severely dented demand for petroleum products. Even with petrol and … read more
New Delhi (IANS) Exporters will have to wait longer to get incentives under the new Remission of Duties and Taxes on Export Products (RoDTEP) scheme. Sources privy to the development said differences between the Commerce and Finance Ministries over the quantum … read more
New Delhi (IANS) Experts have pointed out that the provision providing for concessional income tax rate of 5 per cent on debt return for foreign portfolio investors (FPIs) has been inadvertently omitted. Sunil Badala, Partner and Head (financial services, tax) at … read more
Mumbai (IANS) Primary steel producers are expected to reduce debt by 15%, or Rs 35,000 crore, between fiscals 2021 and 2022, using the higher operating profits generated for prepayment, ratings agency Crisil said on Tuesday. According to a report based on … read more
New Delhi (IANS) The year 2021 is extremely critical for Kia in India as the automobile manufacturer expects a more conducive business environment fuelled by recovery from the Covid-19 pandemic. In a conversation with IANS, Kia Motors India’s Executive Director and … read more
New Delhi (IANS) India’s fund houses do not cross the threshold set by SEBI directive on restricting their exposure to additional AT1 and AT2 bonds, a Crisil analysis of February 2021 MF portfolios showed. Recently, SEBI restricted the exposure of mutual … read more
New Delhi (IANS) The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday unveiled ‘India FinTech: A USD 100 Billion Opportunity’ report. The report details the findings from the study that BCG and FICCI … read more
New Delhi (IANS) The industrial output in India declined in January, led by a slump in manufacturing and mining activities. Data released by the Ministry of Statistics and Programme Implementation on Friday showed that the Index of Industrial Production (IIP) for … read more
New Delhi (IANS) SpiceJet promoters backed SpiceHealth has extended the RT-PCR test at Rs 499 to the general public. The company claimed that its test’s cost is the cheapest available in the market. Till now, the company has been working … read more