Paytm surges in BFSI payments with 70% market share

New Delhi (IANS) Digital payments leader Paytm has announced that within a year of the launch of yet another important payment use-case - 'Loan EMI, Credit Card Bill, and Insurance premium' - it has captured 70 per cent market share amongst…

Recession knocking at the door of Indian economy: Amit Mitra

Kolkata (IANS) Expressing concern over the slump across various sectors, West Bengal Finance Minister Amit Mitra on Saturday predicted a deep recession knocking at the doors of the country's economy.

Mitra said the masses are stressed out,…

Demand truncation dents workforce in Gurugram-Manesar auto cluster

New Delhi/Gurugram (IANS) A massive slowdown led by truncating demand has forced the entire value-chain operators across the automobile industry to reduce production levels and downsize workforce to tide over lean times.

Specifically, the slowdown…

Piyush Goyal leads Chief Ministerial delegation to Russia

New Delhi (IANS) A high-level delegation led by Union Commerce and Industry Minister Piyush Goyal is scheduled to embark on a four-day trip to Vladivostok city in Russia on Saturday.

The delegation comprises Chief Ministers…

India Inc wants Rs 1 lakh cr stimulus package

New Delhi (IANS) India Inc has sought a stimulus package of Rs 1 lakh crore to push investment and demand and take the economy and industry out of slowdown. Finance Minister Nirmala Sitharaman on Thursday met industry captains to seek consultations…

FPI: Nomura, Morgan Stanley, Citi, Fidelity may meet FM

New Delhi (IANS) Leading foreign investors, including Morgan Stanley, Nomura, Templeton, Fidelity, GIC (Singapore), CPDQ are likely to meet Finance Minister Nirmala Sitaraman, Finance Secretary Rajeev Kumar and DEA Secretary Atanu Chakraborty on Friday…

SC approves status of homebuyers as financial creditors

New Delhi (IANS) In a big boost for homebuyers, the Supreme Court on Friday upheld the amendment in the Insolvency and Bankruptcy Code (IBC), which gives homebuyers status of financial creditors on par with creditors' banks.

More than 200…

Reliance Brands to bring Tiffany to India

Mumbai (IANS) Mukesh Ambani-led Reliance Industries (RIL) is set to bring Tiffany & Company to India, as RIL-arm Reliance Brands and Tiffany have announced a joint venture to open stores of the US-based luxury jeweller in the country.

Speculation on FPI tax roll-back lifts Sensex over 600 pts

Mumbai (IANS) Speculation about the roll-back of the budgetary proposal of a taxation surcharge on the super-rich category triggered a buying spree which lifted the Indian equity markets on Thursday.

Additionally, attractive valuations buoyed…

FPI tax issue still being discussed, no decision yet

New Delhi (IANS) Ahead of the meeting of capital market representatives with the Finance Minister Nirmala Sitharaman on Friday, highly-placed sources said the FPI tax issue is currently under discussion, but no decision has been taken with regard…