FDI to be retail's next growth driver in India: Deloitte

New Delhi (IANS) Pitching for increased foreign direct investment in multi brand retail sector, global management consulting firm Deloitte has said that the move would expand the share of organised retail in the country, thus contributing towards…

Direct listing by Indian firms abroad by FY21 Q1

New Delhi (IANS) In yet another move towards fuller capital account convertibility, the government proposes to throw open the doors for Indian companies to directly list their shares abroad and access a larger pool of capital.

Necessary regulations…

India faces low downside risk, global coronavirus impact is buying opportunity: JP Morgan currency chief

New York (IANS) India's financial market faces low downside risk from coronavirus' impact on supply chains, will instead continue trading on domestic triggers and the current global health scare represents a "buying opportunity", according…

RIL move on media assets to create cleaner structure

Mumbai (IANS) The move by Reliance Industries Limited (RIL) to aggregate the media assets in Network 18 will create a cleaner structure and is easier to manage with the reduction of listed entities, according to a report by BofA Securities.

RIL…

Kashi Mahakal Express to start commercial run from today

New Delhi (IANS) The Indian Railway Catering and Tourism Corporation (IRCTC)- operated third train between Varanasi and Indore, the Kashi Mahakal Express, will begin its first commercial run from Thursday.

The train was flagged off on February…

COVID-19: CAIT urges PM to form GoM for impacted businesses

New Delhi (IANS) The Confederation of All India Traders (CAIT) on Thursday urged Prime Minister Narendra Modi to constitute a Group of Ministers (GoM) to tackle the impact of coronavirus epidemic on India's trade and industry.

In a letter…

DoT meets telcos & vendors on 5G trial preparedness

New Delhi (IANS) The Department of Telecommunications (DoT) held a preliminary meeting on trials of 5G spectrum on Thursday with telecom service providers and their telecom equipment vendors to get a status update on their preparedness and what they…

Markets open on a positive note Wednesday morning

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 41,121.51 points and touched a high of 41,276.14. The Sensex touched a low of 41,121.51 points.

On Tuesday the…

Taxing retirement income of employees a retrograde step

New Delhi (IANS) The Union Budget for 2020 contains direct tax proposals in the Finance Bill to tax the retirement fund of an employee, which has been called a retrograde step by experts.

The budget proposals seek to limit the exemption of…

RBI nod for Kotak Mahindra Bank promoter stake dilution

New Delhi (IANS) Kotak Mahindra Bank on Wednesday said it has got the final nod from RBI on the promoters' stake dilution plan.

"Reserve Bank of India has granted its final approval vide its letter February 18, 2020 in the matter relating…