Life Insurance Corporation (LIC) is reportedly planning to impose caps on its debt and equity exposure to companies, according to a report. This is being done to lower concentration of…
Category: Economy
FM Nirmala Sitharaman tables Finance Bill 2023; proposes committee on pension system
Finance Minister Nirmala Sitharaman tabled the Finance Bill 2023 amid an uproar by the opposition parties. The minister also proposed setting up a committee under the Finance Secretary on pension…
ONDC forays into mobility sector; ties up with ride-hailing company
India’s open e-commerce network ONDC on Thursday marked its foray into the mobility sector, tying up with a ride-hailing company in the tech city of Bengaluru to help local businesses…
Vijay Mallya had enough money in 2008-17 to repay banks, but bought assets in Europe: CBI
The Central Bureau of Investigation (CBI), in a supplementary chargesheet against liquor baron Vijay Mallya, said that he had enough money between 2008-17 to repay the loans he had taken…
US pick to lead World Bank, Ajay Banga, to meet PM Modi, S Jaishankar in India
The US nominee to lead the World Bank, former Mastercard CEO Ajay Banga, returns to his native India on Thursday, capping a three-week global tour to drum up support and discuss…
Delhi Budget to be presented today after clearance from Centre
The AAP government in Delhi is all set to present the Delhi Budget on Wednesday after the Union Home Ministry approved the document. Chief Minister Arvind Kejriwal said that the…
Manmeet K Nanda to replace Deepak Bagla as MD, CEO of Invest India
The board of Invest India has appointed Manmeet K Nanda as the Managing Director and Chief Executive Officer of the investment promotion and facilitation body under the commerce ministry. Nanda…
Unlike the global economy, India won’t face slowdown: RBI article
Unlike the global economy, India will not face a slowdown and maintain the pace of expansion achieved in 2022-23, an RBI article said on Tuesday. “We remain optimistic about India,…
Deal activity in Asia-Pacific down by 42%, in India by 50.8% in Feb, shows data
Deal activity in the Asia-Pacific (APAC) region, a critical market for global deal-making, has seen a significant decline of 42.2 per cent year-over-year in February 2023, as per GlobalData. Deal…
Windfall gains tax on domestic crude oil production cut to Rs 3,500 per tonne
The government slashed the windfall gains tax on the domestic production of crude petroleum by Rs 900 per tonne from Rs 4,400 tonne to Rs 3,500 per tonne. The new…