Cabinet may take up new disinvestment policy soon

New Delhi (IANS) The Union Cabinet may soon take up and approve the new strategic disinvestment policy, which would include the banking and insurance sector, as the Finance Ministry has finalised the Cabinet note on the policy, sources said.

This…

IL&FS Group sells education arm to FTPL, reduces debt by Rs 650 cr

New Delhi (IANS) The IL&FS Group on Wednesday completed sale of its 73.69 per cent stake in Education business, held under the Schoolnet India Limited (SIL), to Falafal Technologies Private Limited (FTPL).

The sale was completed pursuant to…

Electric ride-hailing commercially viable in India: Report

New Delhi (IANS) Integration of electric vehicles in ride-hailing fleets is both technically and commercially viable in India today, a new report said on Wednesday.

With improving technology, more vehicle options and increased availability…

Sensex marginally higher amid choppy trade

Mumbai (IANS) The key Indian equity indices continued to trade on a choppy note on Tuesday morning, with Sensex trading around 90 points higher.

Around 10.08 a.m., the Sensex was trading at 38,506.44, higher by 89.21 points or 0.23 per cent…

FinMin reaches out to states again, says entire GST dues to be paid

New Delhi (IANS) The Centre has reached out to the states again clarifying that it would pay entire GST compensation dues to them amid the mounting opposition over the borrowing options proposed in lieu of the shortfall in indirect tax collections.

RIL to now focus on monetization with 'commerce layer'

New Delhi (IANS) In the next four years, Reliance Industries Limited (RIL)'s focus would be to add a third "layer of commerce" and monetize the existing investments across different formats.

According to a research report by BofA Securities,…

Vodafone Idea to offer services under new brand name 'Vi'

New Delhi (IANS) Telecom operator Vodafone Idea will offer its services under a new brand name Vi, as merger and integration of Vodafone and Idea has been successfully completed.

In a statement, the company said that the coming together of…

Diesel prices steady across metros on Sunday

New Delhi (IANS) Diesel prices remained unchanged across the four metros on Sunday with the fuel being priced at Rs 73.27 per litre in the national capital.

In Mumbai, Chennai and Kolkata too, diesel prices were the same as on Saturday, at…

Diesel prices now falling, petrol steady

New Delhi (IANS) The auto fuel seems to have switched sides over revision in rates with diesel prices now beginning to fall while petrol holding steady.

The oil marketing companies (OMCs) on Saturday reduced the pump price of diesel across…

Silver Lake in talks to invest $1B in Reliance Retail

New Delhi (IANS) Private equity fund Silver Lake is in talks to invest $1 billion in Reliance Retail.

The investment, which would value Reliance Retail at about $57 billion, comes as the company is aiming to sell about 10 per cent in new shares,…