Tuesday, Dec 26, 2023
Vivo India (Picture source: Twitter)

China to provide consular protection to Vivo employees held in India; Says firmly backs rights of its business

December 26, 2023 07:35 IST

The Enforcement Directorate last week arrested three vivo-India executives in connection with its money laundering probe against the Chinese smartphone maker and some others.

Anand Rathi Group news, labour reforms, Anand Rathi, Rathi on labour reforms, Anand Rathi Group, Indian economy, Indian economy growth, Indian young population, investment skill sets, GST, Jan-Dhan Yojana, tax digitisation, indian express news

‘India has potential to grow at 10%… but land, labour reforms are important’: Anand RathiPremium Story

December 26, 2023 12:30 IST

“Our advantage is that because we are developing later, we are also going ahead fast, technology-wise,” Rathi said.

oil import

India’s Russian crude imports prevented price surge, ‘havoc’ in global oil market, says petroleum ministry

December 25, 2023 18:15 IST

India is the world’s third-largest consumer of crude oil and depends on imports to meet over 85 per cent of its requirement.

interest rates, NRI deposits, non-resident Indians, deposit schemes, domestic banks, Fresh inflows, Reserve Bank of India, RBI data, foreign currency, indian express news

Flows into NRI deposits double to $6.1 billion in April-October period

December 25, 2023 05:30 IST

Fresh inflows under various non-resident deposit schemes doubled to $6.1 billion in April-October 2023 from $3.05 billion in the same period of the last year, a recent Reserve Bank of India (RBI) data showed.

India service sector, services sector challenge, Regulatory mismatch, India-UK FTA, India UK bilateral relations, Free Trade Agreement, India UK businees ties, economy news, indian express news

Regulatory mismatch in services sector challenge for India-UK FTA: Official

December 25, 2023 08:21 IST

On the issue of movement of professionals, the official said that immigration debate and the ongoing FTA discussions in services are completely different things.

jayanth varma interview rbi monetary policy committee

Jayanth Varma: ‘Approaching a point where a cut is must to check high real interest rate’Premium Story

December 25, 2023 07:17 IST

The RBI revised upwards real GDP growth forecast for FY24 to 7% from 6.5% earlier.

crude oil import, rupee payment

No takers for rupee payment for oil imports

December 24, 2023 12:54 IST

The default payment currency for all contracts for import of crude oil is US dollar as per the international trade practice.

Religare Finvest Limited, RFL appoints expert agency, siphoning-off of funds, forensic investigation, stock exchange, Upside Sharing Agreement, Lakshmi Vilas Bank, Lakshmi Vilas Bank, one-time settlement, indian express news

Religare appoints agency to investigate fund diversion

December 24, 2023 04:50 IST

The Competition Commission of India and market regulator SEBI have reportedly sought details from Religare about the role of the Burman family, promoters of Dabur, in the company and its open offer plans.

sunjay kapur

We are well geared up for the transition to electric vehicles: Sunjay KapurPremium Story

December 24, 2023 21:43 IST

In an interview with Indian Express, Kapur spoke about the importance of research and development (R&D), the scope for automating industrial processes, and the China-plus-one strategy.

Air India Airbus A350 900

Air India’s first Airbus A350 aircraft arrives, to enter commercial service in January

December 23, 2023 22:57 IST

In September 2023, Air India completed the acquisition of its first Airbus A350-900 aircraft through a finance lease transaction with HSBC.

Reserve Bank of India, RBI, monetary policy committee, monetary policy review, Indian express business, business news, business articles, business news stories

Amid volatile price outlook, MPC set to remain on ‘high alert’ on inflation

December 23, 2023 21:54 IST

The Monetary Policy Committee members, while keeping the repo rate unchanged at 6.50 per cent, said the fight against inflation is far from over amid concerns over repeated supply shocks.

Sebi, Securities and Exchange Board of India, Sebi paper on instant settlement of trades, Indian express business, business news, business articles, business news stories

Sebi issues paper on instant settlement of trades, seeks views

December 23, 2023 21:54 IST

The shorter settlement cycle of T+0 is being considered for the equity cash segment as an optional mechanism in addition to the current T+1 (Trade plus one day) cycle.

tax devolution, tax devolution instalment, Central Board of Direct Taxes (CBDT), taxes, Indian express business, business news, business articles, business news stories

States get second tax devolution instalment in Dec

December 23, 2023 21:54 IST

The instalment is in addition to the usual monthly devolution instalment of Rs 72,961.21 made earlier on December 11 and also in addition to the tax devolution instalment due to states on January 10, 2024.

IMF, International Monetary Fund, IMF, GDP growth, Tax to GDP ratio, Indian express business, business news, business articles, business news stories

India says IMF debt warning a worst case scenario

December 23, 2023 21:54 IST

The IMF, in a so-called article IV review, said India's general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028.

forex reserves

India’s forex reserves jump USD 9.112 bn to USD 615.971 bn

December 23, 2023 21:54 IST

The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.

BSE NSE India stock market

Stock markets climb for 2nd day on buying in IT shares

December 22, 2023 16:16 IST

Among the Sensex firms, Wipro jumped over 6 per cent, the most among the frontline companies. HCL Technologies, Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, Larsen & Toubro and JSW Steel were the other major winners.

crude oil import, rupee payment

Rupee rises 12 paise to settle at 83.15 against US dollar

December 22, 2023 16:09 IST

The Indian currency, however, remained under pressure due to continuous upward movement in the crude oil price triggered by evolving geopolitical situation and outflow of foreign funds, forex traders said.

‘Export of basmati rice could be affected by Red Sea attacks’

‘Export of basmati rice could be affected by Red Sea attacks’

December 23, 2023 21:54 IST

The alternative route may also affect India’s exports of the long-grain rice to Egypt and European countries, said the official, requesting anonymity.

Insurance for all: FinMin pushes for health regulator

Insurance for all: Finance Ministry pushes for health regulator

December 23, 2023 21:54 IST

In recent discussions between the Department of Financial Services and insurance players, it was brought up that insurance penetration needs rapid scaling up to achieve “insurance for all”.

Over 60 digital rights groups urge withdrawal of Telecom Bill

Over 60 digital rights groups call for withdrawal of Telecom Bill

December 23, 2023 21:54 IST

“The Bill in its current form poses a grave threat to fundamental rights, democracy, and the internet as we know it, and must be withdrawn and altered in order to remove these flaws,” the letter, which includes signatories like the Signal Foundation and Mozilla, said.

cea essay

Should prioritise income growth over redistribution: Essay published by CEA office

December 23, 2023 21:54 IST

Noting that while it is a popular idea that redistribution is the solution to raising living standards at a large scale, the essay said there were two problems with the approach.


Govt grants one-time exemption to LIC to achieve 25% MPS in 10 years

December 21, 2023 20:13 IST

The government currently holds 96.5 per cent stake in the company.

Carbon tax EU UK

India may compensate exporters against UK, EU carbon tax

December 22, 2023 07:31 IST

The carbon border adjustment mechanism (CBAM) or carbon tax is expected to have an impact on India’s iron, steel, and aluminum exports worth $8-$9 billion headed into Europe and the UK.

rupee falls

Rupee falls 9 paise to settle at 83.27 against US dollar

December 21, 2023 19:29 IST

According to forex analysts, despite positive sentiment in the domestic equity markets and a weak American currency against major global currencies, the Indian unit was weighed down by the volatile crude oil prices.

BSE Sensex

Sensex rebounds 358 pts on buying in HDFC Bank, Reliance Industries

December 21, 2023 17:56 IST

Bajaj Finance, Axis Bank, HCL Tech and Mahindra & Mahindra were among the major laggards.