Reliance Industries Looking To Acquire Norway's Solar Module Maker REC

Reliance Industries Looking To Acquire Norway's Solar Module Maker REC

Reliance Industries Ltd (RIL) is looking to buy the Norwegian solar module manufacturer REC Group as part of the oil refiner’s ₹75,000 crore push into clean energy, said two people aware of the development....

RBI to Perform a G-SAP Bond Purchase Worth 20,000 crore Today

RBI to Perform a G-SAP Bond Purchase Worth 20,000 crore Today

The Reserve Bank of India (RBI) will purchase government bonds worth 20,000 crore on the open market on Thursday as part of the G-sec Acquisition Programme (G-SAP 2.0).

RBI charged penalties on 14 banks for various rule violations

RBI charged penalties on 14 banks for various rule violations

The Reserve Bank of India (RBI) on Wednesday imposed penalties on 14 banks for contravening provisions related to bank lending to non-banking financial companies (NBFCs) and maintaining data on large exposures.

Covid divide: MSMEs hit while large company’s gain from low rates

Covid divide: MSMEs hit while large company’s gain from low rates

Operating profitability of the companies rose in the pandemic year 2020-21, reversing the prior two-year trend of falling profits, even as the impact on profitability and debt repayment capacity has been varied depending upon the size of the...

Domestic Air passenger traffic predicted to grow 42%, Suggest ICRA

Domestic Air passenger traffic predicted to grow 42%, Suggest ICRA

As per the agency, domestic passenger traffic is estimated at about 29-30 lakh, implying a sequential growth of about 41-42% during June, compared to about 19.8 lakh in May 2021.

Reliance in Talks with Flex and Karbonn Phone Makers for JioPhone Next

Reliance in Talks with Flex and Karbonn Phone Makers for JioPhone Next

Reliance Jio is in talks with local and international players for contract manufacturing of its ultra-low cost Android smartphone JioPhone Next.

June GST collection slips below 1 lakh Cr, hits 10-Month Low

June GST collection slips below 1 lakh Cr, hits 10-Month Low

After topping the Rupees 1-lakh-crore mark for eight months, gross Goods and Services Tax (GST) collections came in at a 10-month low of Rs 92,849 crore in June (for sales in May), data released by the Finance Ministry on Tuesday showed. This...

Power Distribution Companies (Discoms) Now Permitted to Exit Power Purchase Agreements (PPAs) after end of Term

Power Distribution Companies (Discoms) Now Permitted to Exit Power Purchase Agreements (PPAs) after end of Term

The Power Ministry has informed states and central power generation companies that the power distribution companies (discoms) are permitted to exit power purchase agreements (PPAs) after completion of the term of the agreements. The clarific.....

Venture Capital and Private Equity Firms that Operate as Trusts are Subject to Taxation

Venture Capital and Private Equity Firms that Operate as Trusts are Subject to Taxation

Even under the believed construction, a tax tribunal has ruled that oblique taxes are applicable to bills incurred by venture capital, private equity, and mutual fund companies. This includes expenses such as ‘carry charges’, allowed charges,

Amazon Founder Jeff Bezos Steps Down as CEO, Andy Jassy Takes Over the Role

Amazon Founder Jeff Bezos Steps Down as CEO, Andy Jassy Takes Over the Role

On Monday, Amazon founder Jeff Bezos announced his resignation as CEO, giving up the keys as the business navigates the challenges of a globe still recovering from the coronavirus outbreak.

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