Anil Sasi is National Business Editor with the Indian Express and writes on business and finance issues. He has worked with The Hindu Business Line and Business Standard and is an alumnus of Delhi University.
In all, over 15 discoms have fallen back on their payment obligations against electricity supplied by solar and wind energy developers — the only bright spark in an otherwise sluggish electricity sector.
The PMC scam went undetected for around 11 years despite the RBI requiring all regulated entities — including cooperative banks — to submit details of transactions and accounts to it since February 2016.
Lord Mayor of the City of London Peter Estlin said that Brexit provides the UK with an opportunity to start a global dialogue by itself on how financial technology companies are regulated across the world.
Softbank-backed Oyo Hotels and Homes, through its managed housing brand Oyo Life, announced Thursday a tie-up with IIT-Delhi to provide off-campus accommodation and another deal with the private Plaksha University
Given that rated non-financial companies in India reported a total pre-tax net income of about $35 billion (around Rs 2.45 lakh crore) for the fiscal year ended March 2019, assuming their earnings remain unchanged for fiscal 2019, they will end up saving about $3 billion (over Rs 21,000 crore) from the tax rate reduction
As the task of thrashing out a consensus on the template for driving in electric mobility for mass market adoption gets underway in India, global carmakers are already pushing the envelope to new frontiers of EV technologies.
In May, the Chinese commerce ministry had stated that Beijing was preparing an “unreliable entity list” that will include organisations that block supplies to Chinese companies for non-commercial reasons or otherwise damage their interests.
The emerging consensus within India Inc. on the need for a government-led stimulus notwithstanding, the Centre has limited fiscal space given the lower tax collections. The Budget was a missed opportunity in terms of signalling reforms
On Thursday, Prime Minister Narendra Modi is learnt to have reviewed the state of the economy with Finance Minister Nirmala Sitharaman and top officials of the Ministry to assess measures being planned to tackle the slowdown.
There is an emerging consensus among FMCG majors that, like their automobile counterparts, the impact of the slump is more evident in rural India and that, in geographical terms, the north is the worst hit.
Industry players say the worst is still to come and that the of consumer demand and the liquidity crisis — could get prolonged as automakers compulsorily transition to new technologies, rendering their products more expensive.
Food grain stocking norms are applicable on the level of stocks in the government’s ‘central pool’ that is sufficient to meet the operational requirement of foodgrains and exigencies at any point of time.
Not just cars, sales of trucks, tractors and motorcycles too are down. The NBFC crisis has caused a liquidity crunch, and customers are postponing the decision to buy. What does this mean for the economy?