Finance Minister Nirmala Sitharaman on Friday categorically said budgetary commitments for social sector spending would not be affected in case of tax shortfall while reiterating that the government was interacting with each sector facing challenges in the present economic situation....
Ex-Paytm executive Sonia Dhawan, who was prime accused in an alleged extortion case involving the firm's founder Vijay Shekhar Sharma, has rejoined the Alibaba-backed digital wallet firm. Company sources confirmed to IANS on Friday that Dhawan is joining Paytm's ...
The government has set up an inter-ministerial Task Force headed by Department of Economic Affairs (DEA) Secretary Atanu Chakraborty to draw up plans for building infrastructure worth Rs 100 lakh crore ($1.4 trillion) over the next five years....
Central government is open to take the industry's proposal on reducing the Goods and Services Tax (GST) rates on automobiles to the GST Council, said the Minister of State for Finance & Corporate Affairs Anurag Thakur on Friday. Currently, the GST rates on automobiles are pegged at 28 per cent. However, the...
Following the recapitalisation of public sector banks (PSBs), now public sector insurance companies -- National Insurance, Oriental Insurance and United India Insurance -- are going to be infused with funds worth Rs 12,000 crore to boost their capital base and meet regulatory norms, sources said....
Chinese smartphone maker Xiaomi on Friday announced that it has shipped over 10 crore smartphones in India in the last five years. "It's a testament to the love we have received from millions of Mi Fans since our inception....
For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC's upcoming merger with the Punjab ...
The government is sensitive towards the slowdown in the auto industry, a senior Maruti Suzuki official said on Thursday. According to Maruti Suzuki Chief Executive Kenichi Ayukawa, the government is sensitive to the implications of the auto sector slowdown and is taking steps to reverse it....
The Central government is expected to take some policy decisions and come up with some major road infrastructure projects to arrest the sales downturn being faced by the Indian automobile industry, Union Minister Nitin Gadkari said on Thursday. The Minister of Road Transport and Highways and Micro, Small and Medium ...
Nearly two-thirds of enterprises feel their networks are not fully ready to support their business even as they have embraced advanced digital technologies such as Internet of Things (IoT)/edge computing (77 per cent), big data/analytics (83 per cent) and digital customer experience (78 per cent), a new report by Accenture said on Thursday....
