Centre may redraw bank recapitalisation plan in wake of new challenges

New Delhi (IANS) The government may redraw the recapitalisation roadmap for public sector banks (PSB) in the current fiscal as the institutions face additional burden to meet interest on interest obligation for all its borrowers while changes in valuation…

Telcos cannot raise any dispute over AGR dues

New Delhi (IANS) The Department of Telecommunications (DoT) has issued directions that in respect of AGR dues, there shall be no reassessment, nor the telecom operators be allowed to raise any disputes.

The DoT issued the directions through…

Infosys wins ArcelorMittal digital contract

Bengaluru (IANS) Global software major Infosys on Thursday said it won a contract for digital transformation of steel maker ArcelorMittal's IT operations.

"As part of the deal, we will deliver next-generation application and business process…

Policy support: RBI MPC retains accommodative stance, rates

Mumbai (IANS) To support a faster economic recovery amid the surge in Covid-19 cases, the Reserve Bank retained its key short-term lending rates along with the growth-oriented accommodative stance during the first monetary policy review of FY22.

CPI inflation for April-June seen at 5.2%: RBI

Mumbai (IANS) The Reserve Bank of India (RBI) has pegged retail inflation for the Apri-June quarter of the current financial year at 5.2 per cent.

Announcing the first Monetary Policy for FY22, RBI Governor Shaktikanta Das said that the consumer…

RBI Guv calls for coordinated action to give tax relief on petroleum products

Mumbai (IANS) Reserve Bank of India Governor Shaktikanta Das on Wednesday put the onus on both Centre and the States to ensure that through coordinated policy measures the cost build up in the petroleum products does not escalate further.

While…

HP launches MediaTek-powered Chromebook for students in India

New Delhi (IANS) In a bid to empower students in the extended remote learning era, PC and printer major HP on Tuesday launched an affordable Chromebook 11a with a MediaTek processor for a starting price of Rs 21,999.

Powered by the MediaTek…

Indian economy to grow by historic high level of 12.5%: IMF

United Nations (IANS) Emerging from the Covid-19 disruptions, India's economic growth is projected to reach the historically high level of 12.5 per cent this fiscal year and also regain its status as the world's fastest-growing economy, the…

Sensex tanks 1,300 points; banking, auto stocks plunge

Mumbai (IANS) The key Indian equity indices fell on Monday morning with heavy selling in banking, finance and auto stocks.

The night curfew and weekend lockdown announced in Maharashtra amid the rising number of Covid cases has weighed on the…

Byju's to acquire Aakash Educational Services in nearly $1B deal

New Delhi (IANS) BYJU'S will acquire Aakash Educational Services Limited (AESL) through a strategic merger. The deal size is pegged at close to $1 billion, according to a person familiar with the transaction.

This partnership brings together…