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DoT may not take forward proposal to tax data usage, cites technical challenges

New Delhi, Sept. 9 -- The department of telecommunications (DoT) is not expected to go ahead with a proposal to tax data usage in the country because of technical implementation challenges and concern... Read More


Banks scramble for foreign loans after FCNR deluge

Mumbai, Sept. 9 -- Indian banks are seeking longer-term overseas funding to replace short-term borrowings used during a rush to raise $127 billion through the Reserve Bank of India's (RBI) special FCN... Read More


RBI may not need immediate CRR hike as liquidity surplus likely to moderate: UBI Report

New Delhi, Sept. 9 -- The Reserve Bank of India may not need to raise the cash reserve ratio (CRR) in the immediate term as the banking system's surplus liquidity is expected to moderate through FY27,... Read More


INR slumps beyond Rs 95/$ mark as Brent crude futures cross the USD 100 per barrel mark

Mumbai, Sept. 9 -- The Indian rupee slumped by 34 paise to close at 95.08 (provisional) against the American currency on Wednesday as crude prices crossed the USD 100 per barrel mark, stoking concerns... Read More


upGrad bets on corporate upskilling, advisory ahead of 2027 listing

New Delhi, Sept. 9 -- Temasek-backed upGrad plans to launch corporate upskilling and learning and development advisory services as businesses seek to keep employees up to date with rapidly evolving sk... Read More


Raw jute export currently halted, but jute products are exported to 138 countries: Minister

, Sept. 9 -- Textiles and Jute Minister Khandakar Abdul Muktadir on Wednesday said the export of raw jute produced in Bangladesh currently remains suspended, while jute products are being exported to ... Read More


Kanohar Electricals IPO subscribed 10.22 times

Mumbai, Sept. 9 -- The initial public offer (IPO) of Kanohar Electricals received bids for 11,95,22,444 shares as against 1,16,93,326 shares on offer, according to stock exchange data at 17:00 IST on ... Read More


Amazon Leo needs fresh licence to offer satellite internet services in India; scouts for partners

New Delhi, Sept. 9 -- Amazon Leo, the fourth company in the race for providing satellite internet services in India, will have to reapply for a licence because of a newly notified authorization regime... Read More


RBI's Vasudevan flags legal, privacy, interoperability risks in tokenization

Mumbai, Sept. 9 -- Legal uncertainty, data privacy, liquidity, interoperability and the risk of excessive concentration could pose significant challenges as India expands tokenization of financial ass... Read More


Prasol Chemicals IPO subscribed 72%

Mumbai, Sept. 9 -- The initial public offer of Prasol Chemicals received bids for 39,43,258 shares as against 54,43,229 shares on offer, according to stock exchange data at 17:00 IST on 9 September 20... Read More