The continuing fiscal stimulus is heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Accounting for other areas of revenue expenditure, such as salaries, pensions, subsidies and defence (committed spend), the room to spend on welfare schemes, health and education will narrow in FY22.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
The current up move, according to analysts, closely resembles the rally post the global financial crisis in 2008-09, not just in quantum and speed, but also the way small-and mid-cap indices outperformed large-cap peers.
California State Attorney General Kamala Harris and Congresswoman Loretta Sanchez battle each other to become California's next United States senator, after winning the top two spots in an open primary on Tuesday, reports Ritu Jha from California.
NTPC to be the worst hit, stock slides to five-year low on announcement.
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group
Water is going to be a central part of the government's 2024 election campaign. And Gajendra Singh Shekhawat's work will be crucial for it.
The Directorate of Enforcement is investigating Ringing Bells, the company which has launched smartphone for Rs 251, for alleged contravention of FEMA.
Nearly 100 Indian-Americans are on the ballot for the midterm elections and have emerged as strong contenders.
Rediff.com's Ashish Narsale presents a list of gadgets that will fit your budget and instantly impress your bae.
With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
'They are starting to move more quickly and we would just like to continue to see bold action being taken.'
Downplaying the AAP's allegations, Gambhir had earlier termed it as "negative politics".
In a message to public sector banks (PSBs) that only performers will survive, the government, in an unprecedented move, has decided to allocate capital to only nine PSBs.
M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time.
The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange
The extra tenor that you are eligible for will come in handy if the interest rate increases.
During the meeting, the leadership of the India Caucus, which is the largest country-specific caucus in the House of Representatives, condemned the violence on January 26 in Delhi.
Returns on capital harder to sustain as debt levels rise; responsibility for this invariably of firms themselves
Prime Minister Narendra Modi, on Wednesday, nudged cricketers Mahendra Singh Dhoni, Virat Kohli, among others, to influence their fans and young voters to come out in large numbers and exercise their vote.
Mumbai Indians will play a majority of its matches on the slow tracks of Abu Dhabi (8) and adapting to that challenge would be the key to its fortunes.
"I am deeply proud and excited to call Kamala Harris our next Vice President, the first woman, first South Asian American and first Black woman to ever be elected to the position," Indian-American Congresswoman Pramila Jayapal said.
The Ministry of Corporate Affairs (MCA) has worked out new parameters for scrutiny of companies. These are based on reports on the Satyam fraud investigation.
'Life is so unpredictable.' 'Devastating beyond words.'
'Today we prove that our democracy still works and that the power always belongs to the people through the power of our vote'
Tirap, Changlang and Longding districts of Arunachal Pradesh and eight police stations bordering Assam were declared "disturbed" areas under the Armed Forces (Special Powers) Act (AFSPA), 1958.
Obama's winning will underscore that in America anything is possible. My hope is that young Indian Americans will see Obama and say, 'I can go into public service as well'. My hope is that Obama will inspire Indian Americans to see politics as something noble, as something that can make a difference in people's lives, says Ro Khanna
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Created by a group of Icelandic mums, the Lulla Doll replicates human sounds that help babies feel like they're sleeping beside a loved one.
It's not just wrong. It's dumb. Mr President, would America really be greater without us?" he asked in a tweet.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
Imports also fell for the eighth consecutive months, down 0.75 per cent to $41.14 billion in January, widening the trade deficit to a seven-month high of $15.17 billion.
The proposed company, Yu Televentures, will import handsets from China and sell in the Indian market.
These zones are on the main roads of the district and closer to police, army and paramilitary Central Reserve Police Force establishments, the official said.
FMCG and healthcare firms are keen to push online sales.
Not only does the new US Congress have the first Indian-American US Senator, for the first time in history it also has four Indian Americans in the House of Representatives! Glimpses of the change of guard.
The incident took place at Asawati village in the Faridabad parliamentary constituency where polling was held on May 12.
India, World Bank ink $375 mn deal to help develop country's first waterway
'As a member of Congress, it was important to meet with Prime Minister Modi. Promoting the India-US relationship is a priority. It is important to have a constructive dialogue with the biggest democracy in the world,' US Congressman Mike Honda tells Ritu Jha/Rediff.com
