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Services sector growth hits a four-month peak in October, PMI survey shows

New Delhi, Nov. 4 -- India's services activity rose at its fastest pace in four months in October as strong domestic demand drove up new businesses and cost pressure eased to its lowest in six years, ... Read More


Explainer: New building block: how project-wise insolvency will shield homebuyers

New Delhi, Nov. 3 -- Homebuyers have long borne the brunt of real estate insolvencies, in which a default in one project can drag the entire developer, along with all its other projects, into the Nati... Read More


IBBI notifies new rules to shield healthy real estate projects from developer insolvency

NEW DELHI, Oct. 31 -- India's insolvency regulator has opened the door to shielding financially sound real estate projects from bankruptcy proceedings against their developers, potentially sparing hom... Read More


MCA says its role in NCLT appointments is only administrative after Supreme Court remarks

New Delhi, Oct. 30 -- The ministry of corporate affairs (MCA) on Friday said it only has an administrative role in the appointment of the 63 judicial and technical members of the National Company Law ... Read More


CBDT plans Rs.5,000-crore land buy for offices and staff quarters in Delhi, Mumbai and Bengaluru

New Delhi, Oct. 30 -- India's direct tax authority plans to buy land worth around Rs.5,000 crore in major cities, such as Delhi, Mumbai and Bengaluru, to build new income-tax offices and staff quarter... Read More


Extreme poverty in India fell to 2.6% from 27.1% between 2011 and 2023

New Delhi, Oct. 30 -- New Delhi: The government's sustained policy efforts are yielding tangible results, strengthening the foundations for inclusive growth and greater economic opportunity, Union fin... Read More


Extreme poverty in India falls to 2.6% from 27.1%: World Bank

New Delhi, Oct. 30 -- New Delhi: The government's sustained policy efforts are yielding tangible results, strengthening the foundations for inclusive growth and greater economic opportunity, Union fin... Read More


All due processes followed in IDBI Bank's strategic restructuring: Nirmala Sitharaman

New Delhi, Oct. 30 -- Union finance minister Nirmala Sitharaman on Friday said "all due process has been followed" in the case of IDBI Bank strategic restructuring, and that the lender is now poised f... Read More


Economy can sustain high-growth trajectory in FY27, recent GST reforms to help: Finmin review

New Delhi, Oct. 29 -- New Delhi: Sustaining economic activity while preserving price stability will be policymakers' focus in the second half of the current fiscal year through March 2027, the Union f... Read More


Government weighs Rs.40,000-crore plan to modernise textile clusters over five years

New Delhi, Oct. 24 -- The government is weighing a Rs.40,000-crore plan to modernise India's traditional textile and garment clusters over five years, aiming to improve their cost competitiveness and ... Read More