Byju’s parent uses Great Learning loan repayment to fund Aakash rights issue
Think & Learn Pvt Ltd (TLPL), the bankrupt parent of edtech platform Byju’s, used part of a loan repayment received from Great Learning Education Services…
RBI injects Rs 1 lakh crore as liquidity tightens before festive season
Mumbai: For weeks, India’s central bank had its task-list full, draining excess liquidity after an overwhelming diaspora response to forex-inflow programs. Now, as the festive…
China curbs spur push for local manufacturing
New Delhi: The Centre will soon hold deliberations with stakeholders on measures needed to mitigate the impact of curbs imposed by China on exports of…
Finance Ministry to run financial inclusion campaign
New Delhi: The finance ministry will run a nationwide campaign to saturate financial schemes and other key interventions, covering 2.70 lakh gram panchayats and urban…
RBI tightens scrutiny of $1 billion-plus overseas investments amid rupee pressure
Mumbai: The Reserve Bank of India (RBI) is mounting scrutiny on large-value overseas direct investments (ODIs) by India Inc, amid battle to defend the rupee….
Uneven rains may keep price of spices elevated
New Delhi: An An uneven monsoon and dry soil conditions across southern India are threatening spice production, raising the risk of tighter supplies and higher…
India-New Zealand FTA comes into effect today
New Delhi: The free trade agreement (FTA) between India and New Zealand will come into effect October 20, with the two sides setting a target…
Tariff quota notified for New Zealand fruits, honey
New Delhi: India will allow 35,000 tonnes of imported apples from New Zealand at a concessional duty of 25% in 2027 under the free trade…
CBDT exempts interest payments on rupee-denominated bonds issued by New Development Bank from TDS
The Central Board of Direct Taxes (CBDT) said in a notification issued on October 19 that it has exempted interest payments on rupee-denominated bonds issued…
India-New Zealand FTA kicks in October 20, gives all Indian goods zero-duty access
India’s free trade agreement (FTA) with New Zealand will come into force at 12.01 am on October 20, giving all Indian goods, including leather, footwear,…