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In the last Budget, the Centre had announced that the FDI limit would be raised from 49 per cent to 100 per cent for insurance intermediaries like aggregators, brokers, marketing firms and corporate agents.

India receives $35 billion FDI in first five months of the fiscal

FDI is largely made by multinational companies, large institutions and private equity and venture capital firms

21 Oct 2020 12:35 PM IST

Empty vaccine bottles lie on a tray. Pharma sectors outlook for the second quarter earnings season is quite optimistic given domestic demand, new launches in the US markets and savings on regular expenditure due to Covid related restrictions like travelling, promotional and marketing costs, according to analysts. (AP)

Pharma sector may post Covid-induced rise in Q2 earnings

Active pharmaceutical ingredient or APIs segment of the companies are expected to deliver strong sustained growth over...

21 Oct 2020 12:16 PM IST

GST collections in June at Rs 90,917 crore. (PTI Phoá¹o)

Centre to borrow Rs 1.1 lakh cr GST compensation for states

The amount so borrowed will be passed on to the states as a back-to-back loan in lieu of GST Compensation Cess releases

16 Oct 2020 5:51 PM IST

Reserve Bank of India (RBI) sets out proposals for tighter governance at banks. (PTI Photo)

RBI gives relief to big ticket loans of above Rs 75 lakh

The latest announcement regarding home loan risk has done away with the requirement of factoring in loan amount while...

10 Oct 2020 5:43 PM IST

Reserve Bank of India (RBI) governor Shaktikanta Das addresses via livestream as he announces the central banks monetary policy decisions, in Mumbai. PTI photo

RBI keeps key rates unchanged; signals more easing to protect economy

The six-member Monetary Policy Committee voted unanimously to retain the benchmark repo rate at 4 per cent

9 Oct 2020 1:47 PM IST

Tax authorities raids Chinese entities for money laundering. (PTI Photo)

Centre-'s interest waiver policy is manageable, say analysts

State Bank of Indiaâ€™s new chairman Dinesh Khara in his first press interaction refused to comment on the issue as the...

8 Oct 2020 5:20 PM IST

The Finance Minister has the onerous task of reviving a troubled economy.

Lockdown impact: GDP likely to contract by 9.6 per cent this year,...

However, the World Bank said that the response of the government of India to the COVID-19 outbreak was swift and...

8 Oct 2020 2:58 PM IST

These Indians have either violated their visa norms or were illegal immigrants (Photo: Representational)

India-'s domestic air passenger traffic improves in September

The Civil Aviation ministry had permitted domestic flights to resume their operations from May 25 with one-third...

6 Oct 2020 1:18 PM IST

Representional Image

Happy Centre allows Andhra Pradesh, Uttar Pradesh to borrow Rs 7,106...

Centre had allowed states an additional borrowing limit of up to two per cent of Gross State Domestic Product for...

3 Oct 2020 7:27 PM IST

Representational image.

India third largest job provider in renewable energy sector after...

Solar photovoltaic segment provides the largest number of both direct and indirect jobs in India.

3 Oct 2020 7:09 PM IST

Supreme Court of India (PTI)

Relief for MSMEs: Centre waives off compound interest on loans during...

Any individual/entity whose loan amount is more than Rs 2 crore will not be eligible for waiver of the compounding of...

3 Oct 2020 2:49 PM IST

RBI may extend moratorium on repayment of loans for three more months. (PTI Photo)

RBI postpones monetary policy meeting as govt yet to announce MPC...

Terms of three members of the Monetary Policy Committee ended last month

29 Sept 2020 9:41 AM IST