DHFL management meets MCA top brass over repayment, liquidity

New Delhi (IANS) Top NBFC DHFL management met Ministry Of Corporate Affairs (MCA) officials to brief them on the current situation of the firm where the NBFC is learnt to have informed them of the liquidity and payment schedules.

Official sources…

WhatsApp case proves India needs strong data protection law: Whistleblower

New Delhi (IANS) As the Indian government steps up the pressure on Internet and social media giants to store consumers' data locally -- especially the payments-related data -- the road ahead is not easy for over one billion citizens as Internet…

Sensex ends 157 points up, metal stocks surge

Mumbai (IANS) Steel companies made hay on Wednesday over signs of easing trade tesnion between the US and China, assisting the Sensex and Nifty to end higher on Wednesday.

Steel companies such as Jindal Steel, Vedanta, JWS Steel and SAIL gained…

Panel formed for clarification on issues related to FDI in e-commerce

New Delhi (IANS) In an effort to bring about a convergence of interest between e-commerce platforms and small retailers, Union Minister Piyush Goyal has directed to form a committee which will provide necessary clarification on the issues related…

RBI Deputy Governor Viral Acharya resigns

Mumbai (IANS) RBI Deputy Governor Viral Acharya has quit six months before the end of his term, sources said on Monday.

Acharya had joined as the RBI Deputy Governor in January 2017. The Reserve Bank of India (RBI) did not respond to queries…

Flipkart co-founder sells part stake to Walmart for 531 cr

Bengaluru (IANS) Binny Bansal, the co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76.4 million (Rs 531 crore) to world's retail giant Walmart's Luxembourg entity FIT Holdings SARL,…

Consensus eludes Jalan panel on RBI surplus, report delayed

New Delhi (IANS) The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday.

As the differences continue…

IFCI looks to garner Rs 2,000 cr from stake sales in NSE, Clearing Corp

New Delhi (IANS) Government-owned Non Banking Financial Company IFCI is looking to sell its stakes in National Stock Exchange (NSE) and Clearing Corporation of India (CCI) which it says can fetch up to Rs 2,000 crore depending on the market conditions.

Moderate outlook for manufacturing in Q1: FICCI survey

New Delhi (IANS) The outlook for the country's manufacturing sector in the April-June quarter of the current fiscal has moderated as only 41 per cent of respondents in a FICCI survey expected higher output growth during the ongoing quarter compared…

Infosys using automation to transform clients' business: Nilekani

Bengaluru (IANS) Renewing legacy systems but discarding legacy mindsets, India's global software major Infosys is relying on automation for digital transformation of their clients' business, Chairman Nandan Nilekani said on Saturday.

"We…