RBI writes off over Rs 68K cr. loans, Choksi among 50 top wilful defaulters: RTI

Mumbai (IANS) The Reserve Bank of India (RBI) has admitted to writing off a staggering amount of Rs 68,607-crores due from 50 Top Wilful Defaulters, including absconding diamantaire Mehul Choksi, according to a reply under RTI.

Prominent RTI…

Car companies go online to get back customers

New Delhi (IANS) Numerous automobile companies have come out with new online platforms to once again attract customers. The move is expected to drive sales going forward as customers might not be inclined to use the traditional sales channels due…

IRS officers suggest higher tax on rich, COVID-19 cess to boost revenue

New Delhi (IANS) Increasing the tax rates on the rich, levying a COVID-19 cess, increasing the surcharge on MNCs are among the measures suggested by a group of Indian Revenue Service (IRS) officers to boost revenue mobilization as a response to the…

64% Indian consumers to prefer online shopping in next 6-9 months: Report

New Delhi (IANS) In view of the coronavirus pandemic and persistent concerns, the share of Indian consumers preferring online shopping over physical shops may rise to 64 per cent in the next 6-9 months, according to a survey by Capgemini Research…

IGIA's T3 to eventually open up for full fledged passenger ops; T-1 , T-2 may temporarily shut-down

New Delhi (IANS) As it awaits clear health safety guidelines from the Centre, the national capitals IGI Airport is preparing Terminal-3 to eventually open up for full fledged flight operations.

Accordingly, DIAL, which manages and operates…

Equity indices fall tracking Asian stocks, Sensex down 400 pts

Mumbai (IANS) The key Indian equity indices fell on Friday with the BSE Sensex falling over 400 points.

The decline in the domestic market was in line with the Asian stock markets, analyst said.

Around 10.05 a.m., Sensex was trading…

Equity indices rise on global cues, Nifty above 9,200

Mumbai (IANS) The key Indian equity indices opened on a positive note on Thursday, with the Nifty50 on the National Stock Exchange trading over the 9,200 mark.

Global stock markets rose due to the recovery in the crude oil prices.

At…

Facebook buying 9.99% stake in Reliance Jio for Rs 43,574 cr, largest FDI in India's tech sector

New York (IANS) It's official. Social media and tech giant Facebook is pouring in Rs 43,574 crore for a 9.99 per cent stake in India's oil-retail-telecom conglomerate Reliance Industries Limited (RIL) led Jio Platforms -- the largest investment…

RIL stocks zoom as FB to invest in Jio Platforms

Mumbai (IANS) Stock prices of Reliance Industries zoomed on Wednesday morning after the company announced that Facebook will invest Rs 43,574 cr in Jio Platforms for a 9.99 per cent Stake.

Jio Platforms is a wholly-owned subsidiary of Reliance…

Sensex falls 1,000 points on oil price crash, Nifty below 9,000

Mumbai (IANS) Indian stock market witnessed a freefall on Tuesday with both the BSE Sensex and the Nifty50 closing below the psychological levels of 31,000 and 9,000, respectively.

The Sensex lost over 1,000 points by the end of the day's…