Foreign liabilities rise as NRI claims hike to $352.7B in March

Mumbai (IANS) Net claims of non-residents in India increased by $11.2 billion during the Q4FY21 to $352.7 billion due to larger increase in foreign-owned assets as compared to the overseas financial assets of Indians.

The foreign owned assets…

India's Apr-May fiscal deficit reaches 8.2% of FY22 target

New Delhi (IANS) India's April-May budgetary fiscal deficit reached 8.2 per cent of FY22 target, official data showed on Wednesday.

Accordingly, India's fiscal deficit -- the difference between revenue and expenditure -- for the April-May…

International flights suspension extended till July 31

New Delhi (IANS) India on Wednesday extended the suspension on international commercial flight operations till July 31, 2021.

"In partial modification of circular dated 26-06-2020, the competent authority has further extended the validity of…

Zomato's $100M investment to turn Grofers into unicorn: Report

New Delhi (IANS) Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.

According to TechCrunch, the proposed…

SEBI bans 'Profitsaim' for unregistered investment advisory

Mumbai (IANS) The Securities and Exchanges Board of India (SEBI) has barred an unregistered investment advisory firm Profitsaim and its proprietor Syed Ayaz from the stock markets for a period of two years for providing unauthorised investment recommendations.

Fuel price rise continues unabated, rates rise sharply again

New Delhi (IANS) Global cues pushed fuel prices to increase again across the country on Tuesday adding more misery for the common man already grappling with rising food prices amid shrinking income.

The retail prices of petrol and diesel rose…

FM rolls out loan guarantee scheme for tourist guides, travel agencies

New Delhi (IANS) At a time when the tourism sector has been among the worst-hit segments in the economy and small stakeholders have been facing financial difficulties, Finance Minister Nirmala Sitharaman, on Monday, announced that loans will be provided…

In major Covid relief, Centre's monetary support for several sectors

New Delhi (IANS) Centre on Monday announced eight economic relief measures for India Inc, state governments as well as micro finance credit users.

Accordingly, Finance Minister Nirmala Sitharaman announced these measures here.

The schemes…

FM announces Rs 1.1 L cr loan guarantee scheme for Covid affected sectors

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Monday announced a Rs 1.1 lakh crore loan guarantee scheme for Covid-affected sectors.

The scheme would include Rs 50,000 crore loan to the health sector aimed at scaling medical infrastructure…

Fuel price rise paused on Monday after rising for 2 days

New Delhi (IANS) Petrol and diesel price rise went on a pause mode on Monday after rising sharply for past two days that took up the price of the two auto fuels by up to 70 paise per litre.

Accordingly, the price of petrol remains at Rs 98.46…