BYJU's said to seek easier payment terms for its $1.2 billion loan: Report
Mumbai: India’s most valuable startup BYJU's is seeking to restructure a $1.2 billion loan amid financial losses and cost-cutting measures, Bloomberg reported.
Finance Ministry allows PSUs to invest in debt schemes of all mutual funds
New Delhi: The Finance Ministry through a memorandum on Tuesday allowed Public Sector Undertakings (PSUs) to invest in debt schemes of all mutual funds.
84,102 recognised Startups in India till end of Nov 2022
New Delhi: As many as 84,102 entities have been identified as startups as on November 30 this year, Parliament was informed on Wednesday.
Amazon plans to lay off 20,000 employees after over-hiring during pandemic: Report
Seattle/IBNS: E-commerce giant Amazon might lay off around 20,000 employees including corporate executives in the coming months, media reports said.
New Delhi/IBNS: Tata Sons Chairman N Chandrasekaran has been appointed by the government as the Chair of B20 India, the official G20 dialogue forum with the global business community.
Indian Market: Sensex down 215.68 pts
Mumbai: The BSE Sensex on Wednesday tumbled down 215.68 points to settle at 62,410.68 because of RBI' s hawkish stand in bi-monthly RBI policy alongwith weak Asian Market.
RBI raises repo rate by 35 bps, lowers GDP growth forecast to 6.8%
Mumbai/UNI: The Reserve Bank of India (RBI) on Wednesday raised policy repo rate by 35 basis points (bps) to contain inflation which has been above its tolerance level.
Gautam Adani among 3 Indian billionaires to feature in Forbes' 2022 philanthropy list
New Delhi: Gautam Adani, the chairman of Adani Group, is among the three Indian billionaires to feature in Forbes' philanthropy list this year, media reports said.
Cyrus Mistry's sons join Shapoorji Pallonji Group: Report
Mumbai: Firoz Mistry, 26, and Zahan Mistry, 24, sons of the late Cyrus Mistry have formally joined the Shapoorji Pallonji (SP) Group, Economic Times reported.
Eminent economist and former Union Minister Yoginder K Alagh passes away
Ahmedabad: Former Union minister and economist Yoginder K Alagh passed away at his residence in Ahmedabad on Tuesday, reported The Indian Express.
Fitch maintains India's growth forecasts at 7 pc for FY23
Fitch Ratings has retained India's economic growth forecast at 7 percent for the current fiscal (FY23).
Amazon likely to layoff 20,000 staff in upcoming months: Reports
E-commerce hub Amazon might lay off around 20,000 employees, including corporate executives, in the upcoming months, media reports said on Wednesday.
RBI hikes repo rate by 35 basis points
Mumbai: The Reserve Bank of India on Wednesday announced that the repo rate has been hiked by 35 basis points to 6.25 percent.
Govt says foreign funds allowed to own 51 pc stake in IDBI Bank: Report
New Delhi/IBNS: The Centre will allow a consortium of foreign funds and investment firms to buy and own over 51 percent of IDBI Bank Ltd, the government clarified on Tuesday, said a media report.
Total coal output up 11.66 pc in Nov to 75.87 MT
New Delhi: India’s total coal production increased by 11.66 percent to 75.87 Million Tons (MT) from 67.94 MT during November 2022 as compared to November 2021, the Ministry of Coal said Tuesday.