ED seizes Rs 5,551 cr assets of Xiaomi Technology India under FEMA

New Delhi (IANS) The Enforcement Directorate (ED) said on Saturday that it has seized Rs 5,551.27 crore of Xiaomi Technology India Private Limited lying in the bank accounts under the provisions of Foreign Exchange Management Act (FEMA), in connection…

'GST Council's GoM to recommend best practices to tax online gaming, horse racing'

Panaji (IANS) The Goods and Services Tax (GST) Council's group of ministers (GoM) on online gambling, race courses and casinos will look to recommend best global practices while assessing taxability on services like online gaming, horse racing…

Tata Motors' electric car 'Avinya' promises 500 kms in 30-min recharge

New Delhi (IANS) Taking a giant stride towards the future of mobility, Tata Motors on Friday showcased a pure electric SUV concept car titled 'Avinya' that claims to run for 500 kms in about 30-minute recharge.

Expected to hit the roads…

Reliance, Viacom18 ink pact with Bodhi Tree Systems to form TV, digital streaming platforms

New Delhi (IANS) Reliance and Viacom18 on Wednesday announced a strategic partnership with Bodhi Tree Systems -- a platform of James Murdoch's Lupa Systems and Uday Shankar -- to form one of the largest TV and digital streaming companies in India.

Equities keep early gains intact, settle in green

New Delhi (IANS) Keeping the morning session gains intact, the Indian equity benchmarks settled Thursday's trade on a positive note.

On Thursday, Sensex settled at 57,521 points, up 702 points or 1.2 per cent, whereas Nifty was at 17,245…

Equities settle low; Sensex, Nifty plunge 0.9?ch

New Delhi (IANS) The Indian equity indices declined on Wednesday and settled in the red.

Sensex settled at 56,819 points, down 0.9 per cent or 537 points, whereas Nifty at 17,038 points, down 0.9 per cent or 162 points.

"Market continued…

Biggest commodity shock since 1970s raises spectre of stagflation: World Bank

London (IANS) The war in Ukraine will result in expensive food and energy for the next three years, the World Bank has warned, intensifying fears that the global economy is heading for a rerun of the weak growth and high inflation of the 1970s, The…

Sitharaman engages investors in Silicon Valley

Palo Alto (IANS) The Confederation of Indian Industry (CII) and the US Chamber of Commerce's US-India Business Council (USIBC), co-hosted an exclusive roundtable for business leaders and investors with Finance Minister Nirmala Sitharaman in Palo…

Equity indices break two-day losing streak on value buying

New Delhi (IANS) Breaking a two-day losing streak, Indian equity benchmarks settled Tuesday's session in the green primarily due to value buying at lower levels.

Gains were mainly aided by a jump in shares in auto, realty, FMCG and PSU…

Swiggy to upskill delivery boys to become company employees

New Delhi (IANS) Online food delivery platform Swiggy on Monday announced the launch of an industry-first-accelerator programme for its delivery executives to transition into full-time, managerial-level jobs with a fixed salary and additional benefits.