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India playing an important role in advanced manufacturing: TCS Chairman Chandrasekaran
Business

India playing an important role in advanced manufacturing: TCS Chairman...

New Delhi, May 9: Geo-political challenges are continuing to alter established supply chains and companies are rebalancing their supply chains to address both resilience and efficiency, Tata Consultancy Services (TCS) Chairman N. Chandrasekaran has said. New global supply chain ecosystems are...
Building business often difficult, but Indian dream is real: Radhika Gupta
Business

Building business often difficult, but Indian dream is real: Radhika Gupta

New Delhi, May 9: Even though building a business is many times difficult in India, the Indian dream is real, said Radhika Gupta, CEO of Edelweiss Asset Management and Shark Tank Judge. Radhika, India's only female CEO of a major asset management company, was speaking at the US-based Milken...
The dynamics of tax cuts and collections under Modi govt: A tale of prosperity
Business

The dynamics of tax cuts and collections under Modi govt: A tale of prosperity

New Delhi, May 7: In the midst of a political maelstrom, where the Congress and its cohorts spun tales of fiscal folly, data and facts reveal the real, upbeat picture. Contrary to their narratives set on various social and micro blogging platforms that the Narendra Modi led government had pared...
EPFO evaluating course of action over HC ruling on foreign workers
Business

EPFO evaluating course of action over HC ruling on foreign workers

New Delhi, May 7: The Employees' Provident Fund Organisation (EPFO) on Tuesday said that it is “actively evaluating the course of action” to be taken in response to the Karnataka High Court judgment on international workers covered under its PF and pension schemes. “The EPFO acknowledges the...
Air India Express cabin crew goes on mass sick leave, 78 flights cancelled
Business

Air India Express cabin crew goes on mass sick leave, 78 flights cancelled

New Delhi, May 8: Air India Express faced major disruption in services as 78 flights were cancelled and many were delayed after cabin crew called in mass ‘sick leave’ to mark their protest against the ongoing transition in the airline. In 2023, the Directorate General of Civil Aviation (DGCA)...
Will NPCI implement or extend the 30 pc cap on market share of UPI players
Business

Will NPCI implement or extend the 30 pc cap on market share of UPI players

New Delhi, May 8: As digital payment platforms, PhonePe and Google Pay, continue to have a duopoly in the Unified Payments Interface (UPI) market, the deadline by the National Payments Corporation of India (NPCI) to implement a 30 percent market share cap on UPI services providers inches closer....
Indian economy and equity markets outperformed China over past 3 years
Business

Indian economy and equity markets outperformed China over past 3 years

New Delhi, May 6: China’s equity markets have lagged Indian equity by a long stretch, as per a report by DSP Mutual Fund. China’s current equity market capitalisation is double that of India, at a time when it’s GDP is 5 times that of Indian GDP. Between 2004 and 2021, China’s economy outgrew...
Extreme mercantilism will destroy Chinese civilisation: Zoho
Business

Extreme mercantilism will destroy Chinese civilisation: Zoho's Sridhar Vembu

New Delhi, May 6: China has pushed mercantilism to the extreme when it comes to producing steel, and the day is not far when this approach will destroy Chinese civilisation, IT software company Zoho’s CEO Sridhar Vembu said on Monday. Mercantilism is a nationalist economic policy designed to...
REC gets RBI
Business

REC gets RBI's nod to set up subsidiary in Gujarat's GIFT City

New Delhi, May 5: Leading government owned financial company REC on Sunday said it has received a nod from the Reserve Bank of India (RBI) to set up a wholly-owned subsidiary in GIFT City in Gujarat. The subsidiary will engage in several financial activities as a finance company within GIFT,...
Why billionaire investor Warren Buffett needs to relook at India under PM Modi
Business

Why billionaire investor Warren Buffett needs to relook at India under PM Modi

New Delhi, May 6: Unaware of the possibilities India now provides for global investors and big conglomerates, Warren Buffett, Chairman and CEO of global investment major Berkshire Hathaway, needs to have a fresh look at a country which is set to become the third largest economy in the world with a...
India
Business

India's coal output rises 7.4 percent to 73.26 million tonnes in April

New Delhi, May 2: India's coal production increased by 7.4 percent in April to 78.69 million tonnes compared to the corresponding figure of 73.26 million tonnes for the same month last year, the Ministry of Coal said on Thursday. During April 2024, Coal India Limited (CIL) achieved a coal...
Over 97 percent of Rs 2,000 bank notes returned: RBI
Business

Over 97 percent of Rs 2,000 bank notes returned: RBI

Mumbai, May 2: The Reserve Bank of India (RBI) said in its currency update on Thursday that 97.76 percent of the Rs 2,000 bank notes in circulation as on May 19, 2023, when their withdrawal was announced, have now been returned. The total value of Rs 2,000 bank notes in circulation, which was Rs...
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