The Reserve Bank of India (RBI) is unlikely to relax the restrictions on payment services providers not complying with data localization norms anytime soon, stated two government officials. The banking regulator and the government believe...

IndianOil (Indian Oil Corporation Limited) has announced that its Mathura refinery in the Indian state of Uttar Pradesh will be home to India's first green hydrogen facility. The project would bolster the state-run oil and gas company's...

Since the Insolvency and Bankruptcy Code (IBC) regime was rolled out five years ago, public and private sector banks, non-banking financial institutions, and other financial lenders to companies undergoing corporate insolvency resolution process...

US Secretary of State Antony Blinken to arrive in New Delhi today and his main purpose of visit is to discuss bilateral relations, regional issues including Afghanistan, Pakistan sponsored terrorism, Indo-pacific among various other issues with...

The government’s total tax revenues, including the direct taxes and indirect taxes, grew 85.6 per cent to Rs 5.57 lakh crore, government data shared in the Parliament on Monday has revealed. Net direct tax collection in the April-June...

As part of its efforts to ensure stability and continuity at state-owned lenders amid the pandemic, the finance ministry has recommended extending the tenure of three managing directors and chief executive officers (MDs and CEOs) and 11 executive...

If a strategic investor wants to take control of Vodafone Idea Ltd (VIL), Vodafone Group Plc and Aditya Birla Group may transfer control, according to two persons familiar with the internal negotiations. The development marks new thinking on...

India’s largest mortgage lender Housing Development Finance Corporation (HDFC) and the World Bank Group member IFC have entered into an agreement to promote green housing in India through lending for affordable and low-income housing....

Foreign portfolio investors (FPIs) have offloaded domestic equities to the tune of over Rs 5,689 crore in July so far as they continued to adopt a cautious stance in view of various domestic and global factors. During July 1-23, FPIs took out...

JSPL on Sunday has announced that it has received a revised offer of Rs 7,401 crore from Worldone Private Limited for divestment of its subsidiary company Jindal Power Limiter (JPL). Jindal Steel and Power Limited (JSPL) had earlier...