The committee of creditors (CoC) to Dewan Housing Finance Corp. Ltd (DHFL) has strongly rejected a scheme to increase recoveries for smaller investors, including fixed deposit and debenture holders. At Tuesday's vote lenders...

The Department of Telecommunications (DoT) on Wednesday further eased norms for other service providers (OSP), that includes voice-based business process outsourcing (BPOs) units, by removing the distinction between domestic and international...

The tax department has held back the export benefits of several firms or companies that have three-way contracts, or tripartite agreements, with multinationals, as per the source dealing with such cases. The indirect-tax department is aware...

India Infrastructure Finance Company Ltd (IIFCL) has sought clearance from the banking sector regulator to invest in infrastructure investment trusts, or InvITs, as they are accomplishing well. IIFCL managing director PR Jaishankar said...

Finance Ministry officials met with Infosys on Tuesday for two separate meetings to examine the difficulties with the newly launched income tax portal. According to a  statement, Finance Minister Nirmala Sitharaman "expressed her great...

The soft launch of the first phase of the National Single Window System would take place soon, said Piyush Goyal, Union Minister of Commerce and Industry on Tuesday. The digital platform is aimed at allowing investors to identify and apply for...

Kickstarting privatisation process in the banking sector, the government Tuesday invited bids to appoint the transactions and legal advisors to assist in strategic sale of its equity, along with transfer of management control, in IDBI Bank to...

The new Indian e-commerce rules will raise costs for all online retailers but particularly Amazon and Walmart's Flipkart as they may have to review their business structures, senior industry sources told Reuters. India's Ministry of...

State-level lockdowns to limit the spread of infection in the second wave of Covid-19 in India have had a major impact on the operations of most firms, as per a survey by industry body FICCI and Dhruva Advisors. 58 per cent of firms reported...

The Indian rupee slumped 24 paise to breach the 74 per US dollar level on Monday as participants turned risk-averse. At the interbank forex market, the domestic unit opened weak at 74.20 against the American dollar, pared some initial losses and...