Had India agreed to join the trade pact, Indian markets would have been flooded with cheap Chinese products.
The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
Sitharaman, who is not known to reply to comments made on her Twitter handle, instantly choose to respond to drug-maker Biocon chairman Kiran Mazumdar-Shaw's criticism of lack of fiscal measures to support growth.
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
Zee and Star, the two largest media companies in India, are undergoing some radical ownership changes. What could it mean? Vanita Kohli Khandekar attempts an answer.
India Inc is encouraged by a determined Budget.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
States are apprehensive of losing their rights to raise revenue during emergencies.
'The rate cut will reduce the stress on customers and help the bank reduce its provisioning bill.'
The excitement around e-commerce is real but the valuations may be a bubble
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
Collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group.
Rising oil prices, sharp slowdown in mutual fund inflows and steep valuations remain the key risks for Indian investors going ahead.
NuPower will return loan with interest to consumer durables major by 2021
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
Prime Minister Narendra Modi enjoys a close relationship with Shinzo Abe. For Abe, "a strong India is in the best interest of Japan, and a strong Japan is in the best interest of India."
Investors seem to be very keen on investing in startups.
The JeI (J&K) also has several trusts for running schools to disseminate orthodox Islamic education, has a youth wing and has numerous publications for spreading its fundamentalist ideology.
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
A plunge in fuel demand after the raging pandemic forced people to stay home and stifled the economy dealt a body blow to the firm's traditional cash cow oil refining and petrochemicals, even as consumer-facing businesses, which account for 35 per cent of the oil-to-telecom-to-retail conglomerate's revenues, continued to do well.
Without disclosing other shareholders, Republic Media Network said the statement was being issued to "clarify the details of its promoter shareholding" in view of "misleading" media reports making "false and mala fide claims about the exact ownership of the consolidated network." It said Goswami through his personal investment and family owned around 84 per cent shareholding in ARG Outlier Media Pvt Ltd at the time of launch of the English news channel Republic TV in 2017.
Market participants are now awaiting Thursday's meeting of the European Central Bank
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
This Budget signals a shift from a hand-out to a hand-up economy.
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
The Bansals losing out operational control of Flipkart comes at a time when global rival Amazon, in which Tiger Global holds a minority stake, is stepping up investment in India in an attempt to overtake the Bengaluru-based e-commerce firm.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
The acquisition of Trinethra Super Retail would put the Aditya Birla group ahead of competition, including Reliance, analysts tracking the development said.
Deutsche Bank says rising debtor days and low customer advances imply significant net working capital requirement.
It's also among the top five most valuable Internet companies in India, reports Yuvraj Malik.
Raghuram Rajan optimistic about passage of GST
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
Moody's said implementation challenges, in addition to affecting growth and government revenues, will impact corporates by lowering sales volumes and cash flows.
Aptech, Lumax Industries, Vedanta, Indian Bank, Venky's India have appreciated over 200% in a year
