MUMBAI: The Reserve Bank of India (RBI) announced on Friday that its board has approved a dividend payment of Rs 30,307 crore to the government for the fiscal year ending March 2022. The board approved the transfer of Rs 30,307
NEW DELHI – Digital financial services company One97 Communications, operating under the Paytm brand, on Friday reported a widening of its consolidated loss to Rs.761.4 billion for the quarter ended March 2022 on the rise in payment processing fees and
Center plans to introduce a “reverse charge” tax on virtual asset transactions on foreign platforms as part of the latest round of crypto regulations aimed at imposing taxes on foreign companies like Coinbase, Binance and Bitfinex doing business in India
Please follow and like us: Here is today’s business news, Latest business news India today 20th May 2022. Sensex plummeted 1,416 points to close at 52,792 while NIFTY closed at 15,809 points. Caterpillar, the world’s largest construction equipment manufacturer, has
India can return to the era where it once controlled a quarter of the world economy, Karan Adani, CEO of Adani Ports and SEZ, said on Wednesday. Speaking at Amazon Smbhav 2022, the son of Asia’s richest man, Gautam Adani,
HDFC bank announced on Thursday that it has set up a rural banking function to dig deeper into India. The largest private lender wants to bring its banking products further into the hinterland through its rural banking function, according to
Foreign direct investment (FDI) has been rising annually, in contrast to the strong selling by foreign portfolio investors (FPIs) of late. Gross inflows of foreign direct investment were US$83.6 billion in FY22, exceeding US$82 billion a year earlier. In fiscal
The Reserve Bank of India (RBI) has rejected the banking license application of Chaitanya India Fin Credit Pvt Ltd, the company owned by Flipkart co-founder Sachin Bansal. Three applicants, including Navi Technologies subsidiary Chaitanya India Fin Credit, were found to
will work with Hyundai Motor India (HMIL) to build an electric vehicle (EV) charging network, the company announced on Tuesday. The company announced in its regulatory filing that it will install Tata Power EZ Charge fast chargers (DC 60kW) at
The White House on Monday accused Jeff Bezos of opposing “an economic agenda for the middle class” after the Amazon founder attacked US President Joe Biden for linking inflation to corporate taxes. “It doesn’t take huge leaps to find out