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Finance ministry rejects Washington Post's claims of influence on LIC investments in Adani firms

Mumbai, Dec. 1 -- The finance ministry does not issue any advisory or direction to Life Insurance Corporation of India (LIC) on matters related to investments, finance minister Nirmala Sitharaman told... Read More


Credit growth to rebound as IPO liquidity spent and working capital demand rises: SBI

New Delhi, Dec. 1 -- The credit growth of the banks in the country, which had slowed in recent quarters, is expected to pick up as companies begin to draw more funds for their day-to-day operations, h... Read More


FM to introduce Bill for 'health, national security' cess today, as tobacco levy set to expire

New Delhi, Dec. 1 -- Finance minister Nirmala Sitharaman will on Monday introduce a Bill in Lok Sabha to levy a new cess for public health and national security, replacing the GST compensation cess on... Read More


Elon Musk says he doesn't buy stocks, explains why Google, Nvidia will be valuable in future on Nikhil Kamath's podcast

New Delhi, Dec. 1 -- Those curious to know where Elon Musk invests are in for a disappointment, as the world's richest man recently revealed that he doesn't have a portfolio and doesn't believe in buy... Read More


IPO-bound Sai Parenteral's buys Australian drugmaker

New Delhi, Dec. 1 -- Sai Parenteral's Ltd, a drug formulation company which has filed its draft papers with the capital markets regulator for an initial public offering, has acquired an Australian pha... Read More


Temasek-Backed Atomberg Eyes $200 Mn IPO

India, Dec. 1 -- Temasek-backed home appliances startup Atomberg Technologies is preparing for a $200 Mn (about INR 1,790 Cr) IPO. The startup has begun early talks with investment banks and is expec... Read More


India's growth numbers surprise but not worry economists

Mumbai, Dec. 1 -- India's economic growth numbers have undoubtedly surprised economists and analysts, but not enough to trigger doubts about the quality of the data. Among the reasons why it appears ... Read More


India's growth numbers surprise, but do not worry economists

Mumbai, Dec. 1 -- India's economic growth numbers have undoubtedly surprised economists and analysts, but not enough to trigger doubts about the quality of the data. Among the reasons why it appears ... Read More


TCB seeks procurement provider VAT exemption for all suppliers

Dhaka, Dec. 1 -- The state-run Trading Corporation of Bangladesh (TCB) has requested an exemption from the procurement provider VAT for all suppliers of edible oil and sugar in local tenders, sources ... Read More


Cyclonic Storm Ditwah remnant moves northwards in past 6 hours

New Delhi, Dec. 1 -- The India Meteorological Department (IMD) on Monday said that the deep depression, the remnant of Cyclonic Storm Ditwah, currently centred over the southwest Bay of Bengal and adj... Read More