FDI in India jumps 13 per cent to record USD 49.98 billion in 2019-20

Foreign direct investment (FDI) in India rose by 13 per cent – the sharpest pace in the last four fiscals – to a record of USD 49.97 billion in... Read more »

CBDT notifies revised Form 26AS, to now include real estate, share transaction details

The income tax department on Thursday notified the revised Form 26AS, containing details of tax collected or deducted at source which will now include information pertaining to property and... Read more »

ADB approves $177 mn loan to upgrade 450 km of state highways, major district roads in Maharashtra

Mumbai: The Asian Development Bank (ADB) on Thursday signed a $177 million loan to upgrade 450 km of state highways and major district roads in Maharashtra. “ADB and the... Read more »

Coronavirus Lockdown: Commerce minister Piyush Goyal expects better exports performance in May, June

New Delhi: The performance of the country’s exports is expected to be better in May and June as compared to the steep fall recorded in April, when the shipments... Read more »

US economy shrinks at 5% annual rate in Jan-Mar quarter; economists expect far worse GDP outcome in Q2

Washington: The US economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse... Read more »

Govt measures to deal with coronavirus impact ‘very positive’, says former RBI governor Bimal Jalan

New Delhi: Former Reserve Bank Governor Bimal Jalan on Thursday described the initiatives taken by the government to mitigate the impact of COVID-19 as “very positive” and hoped that... Read more »

FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal

Mumbai: Foreign institutional investor (FII) holdings in the Nifty-500 hit a five-year low in the fourth quarter ended March, declining 140 basis points quarter-on-quarter and 80 basis points year-on-year to... Read more »

Sun Pharma, SPARC ink pact for potential treatment for atopic dermatitis, auto-immune disorders

New Delhi: Sun Pharmaceutical Industries Ltd and Sun Pharma Advanced Research Company (SPARC) on Thursday said they have entered into a worldwide licensing pact for development and commercialisation of... Read more »

Income Tax Department notifies minimum fees for managers of India-based offshore funds

New Delhi: The income tax department has notified the minimum fee to be received by India-based fund managers of an overseas fund. While the minimum remuneration stipulated by the... Read more »

COVID-19 impact: Air passenger number collapses in Asia Pacific, decline in cargo markets deepens on weak demand

Kuala Lumpur: Asia Pacific airlines saw international passenger numbers plunge 98.8 percent year-on-year to a combined total of just 3.68 lakh passengers in April as compared to the 3.19 crore... Read more »