TARP-like govt fund likely in Budget for NBFC relief

New Delhi (IANS) The government is likely to unveil in the Union Budget a Troubled Assets Relief Programme (TARP) similar to what the US initiated during the Lehman financial crisis in 2008.

Under the proposed scheme, the troubled or stressed…

Indian online food delivery market to hit $8bn by 2020

New Delhi (IANS) Rapid digitisation and growth in both online buyer base and spending will help India's online food industry to become a $8 billion market by 2022 -- growing at a CAGR of 25-30 per cent, a new report said on Tuesday.

The…

TikTok to Paytm, China quietly flexes muscles in India

New Delhi (IANS) From cops on duty to young lads in small-town India, Chinese short-video making app TikTok has become a rising phenomenon, owing to a strong local network while providing marketers with a platform to reach millions of untapped users.
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Govt invites bid to sell Air India along with Air India Express & AISATS

New Delhi (IANS) In its second attempt to sell national carrier, the government on Monday invited expression of interest (EoI) from prospective buyers for divesting its entire 100 per cent stake in Air India along with its wholly-owned subsidiary…

Budget booster likely for capital gains on property & equity

New Delhi (IANS) In what is being billed as a make or break Budget to revive the economy, the Modi government is likely to introduce heavy duty measures for rationalization of key equity taxes, including scrapping capital gains on sale of property,…

Petrol, diesel prices see big cut on Saturday

New Delhi (IANS) Fuel prices were dropped further on Saturday after international crude oil rates fell sharply following the outbreak of Coronavirus in China.

The price of petrol was cut by 27 paise and that of diesel by diesel by 30 paise…

CRISIL downgrades Vodafone Idea's debt on AGR liability

New Delhi (IANS) The downgrading spree continues for Vodafone Idea as rating agency CRISIL is the latest which downgraded its rating on Non-Convertible Debentures of Rs 3,500 crore.

"It is hereby informed that CRISIL, has downgraded its rating…

India, Brazil sign pacts to boost strategic partnership

New Delhi (IANS) In a major boost to their strategic partnership, Brazil and India on Saturday laid down a comprehensive action plan to enhance their cooperation in all areas, amid an economic slowdown.

While thanking President Jair Messias…

Household income nosedived after mining ban: Report

New Delhi (IANS) A new report on Thursday showed that household incomes depleted by more than half after the mining ban in states like Goa, Chhattisgarh, Jharkhand, Odisha and Karnataka.

According to the report by Forum for Integrated Development…

Structural reforms, fiscal measures key for growth: RBI Guv

New Delhi (IANS) Hinting at more steps to revive growth, Reserve Bank of India Governor Shaktikanta Das on Friday said that monetary policy alone cannot support growth and structural reforms and fiscal measures must continue for this purpose.