Global factors responsible for rupee depreciation: Sitharaman

New Delhi (IANS) Amid depreciation of the rupee against dollar, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday that global factors such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of the global financial…

Flour, pre-packed food to attract 5% GST

New Delhi (IANS) Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay 5 per cent GST on them.

Exemptions have been withdrawn for pre-packed and pre-labelled food grains.

Hotel accommodation…

Bank unions to start Twitter campaign against privatisation

Chennai (IANS) A day ahead of the start of the Parliament's Monsoon session, the United Forum of Bank Unions (UFBU) has given a call for a campaign on Twitter against privatisation of government banks, a top union official said.

All India…

Centre aims to make Big Tech pay for using content from news publishers

New Delhi (IANS) The Indian government is planning to make Big Tech pay publishers for using their content on their respective platforms, as other countries aim to create a revenue-sharing bridge between internet companies like Google and Facebook…

Xiaomi India elevates COO Muralikrishnan as President

Bengaluru (IANS) Global tech company Xiaomi India on Friday announced to elevate Muralikrishnan B as President of its India operations, effective from August 1.

Muralikrishnan will be responsible for day-to-day operations, services, public…

Airtel deploys India's 1st private 5G network amid heated industry debate

Bengaluru/New Delhi (IANS) Amid the heated debate on allowing enterprises to build captive private 5G networks as India prepares for 5G spectrum auction, Bharti Airtel on Friday announced a successful trial of India's first 5G private network…

'In June, Mutual Fund AUM declined, industry changed sectoral allocation'

Chennai (IANS) While the total assets under management (AUM) of the Indian mutual fund industry declined by 4.2 per cent last month, it also saw changes in the sector and stock allocation of the funds, said broking company Motilal Oswal Financial…

IT dept finds pharma group gave freebies worth Rs 1000 cr to health professionals

New Delhi (IANS) The Income Tax Department on Wednesday said it has recently carried out search and seizure operations against a major Bengaluru-based pharmaceutical group, Micro Labs whose medicine Dolo650 was in high demand during the Covid waves.

'Warehousing of imported solar panels, accessories need to be reviewed'

New Delhi (IANS) The grant of permission for warehousing of imported solar panels, solar modules and related accessories is not in accordance with the Manufacture and Other Operations in Warehouse Regulations (MOOWR) 2019 provisions or principles…

Another Rs 1,200 cr vanishes from BYJU'S funding round: Report

New Delhi (IANS) A whopping Rs 1,200 crore from a US-based company, recently announced by BYJU'S as a funding round, has gone off track, according to a media report.

In September 2021, New York-based Oxshott invested Rs 1,200 crore as part…