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Wonder Products Group explores 30-35% stake sale for about $250 million, engages PwC as advisor

MUMBAI, Feb. 5 -- The promoters of Wonder Products Group have engaged PwC as an adviser to sell a 30-35% stake in the contract manufacturing company in what will likely be its first round of external ... Read More


Deaths are state-sponsored murders: Shrinate

India, Feb. 5 -- Congress spokesperson Supriya Shrinate on Wednesday claimed that water contamination in Indore city of Madhya Pradesh has killed 32 persons, and termed these fatalities as "state-spon... Read More


Stock markets higher as heavy sell-off in IT counters spoils sentiment

India, Feb. 5 -- Benchmark indices Sensex and Nifty ended marginally higher on Wednesday as a sharp decline in IT blue-chip stocks restricted the rally in the markets. After a remarkable rally in the... Read More


Trade deals remove uncertainties, will accelerate capital formation, says SEBI chairman Pandey

India, Feb. 5 -- SEBI Chairman Tuhin Kanta Pandey on Wednesday said that end of trade frictions through trade deals like the one with the US removes uncertainties, which will help accelerate capital f... Read More


88% of individual taxpayers have opted for new tax regime

India, Feb. 5 -- As many as 88 per cent of individual taxpayers have moved to the new tax regime and the Government is not thinking of bringing in a sunset clause for filing income tax returns under t... Read More


No tax risk for foreign companies setting up data centres in India: FinMin sources

India, Feb. 5 -- The Budget proposal of a 20-year tax holiday to foreign companies which provide cloud services globally will be available only to those which have set up a MeitY-notified data centre ... Read More


RBI panel starts meet on interest rate; announcement on Friday

India, Feb. 5 -- RBI Governor Sanjay Malhotra-headed six-member rate-setting panel on Wednesday started deliberations on the next set of bi-monthly interest rate in the backdrop of growth-focused Unio... Read More


Big fat Indian weddings abroad

India, Feb. 5 -- We know about the big fat Indian weddings, as hundreds of millions of rupees are spent even on marriages in small towns and cities. We know about destination weddings, not just in Ind... Read More


Blase Capital AI IN ASIA

India, Feb. 5 -- When we think of the use of Artificial Intelligence (AI), we think of America and Europe. But according to a recent survey, Asia is fast-emerging as a hub of tech adoption. A joint st... Read More


SC asks ED, CBI to probe Anil Ambani, firms

India, Feb. 5 -- Supreme Court on Wednesday directed the Enforcement Directorate (ED) to constitute a Special Investigation Team (SIT) dedicated to investigating allegations of large-scale bank fraud ... Read More