The Times of India - Business

BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank

Sun, 17 Jan 2021 14:28:08 GMT

'Indian economy may contract 25 per cent in current fiscal'

Sun, 17 Jan 2021 12:24:35 GMT

The Indian economy is not recovering as fast as the government claims and the country's economy may contract 25 per cent in the current financial year, noted economist Arun Kumar said on Sunday. Kumar further said that due to a big decline in the GDP during the current financial year, the budget estimates have gone completely out of gear and, therefore, there is a need to correct the Budget.

'Burning smell in cockpit': IndiGo's Surat-Kolkata flight makes emergency landing in Bhopal

Sun, 17 Jan 2021 12:15:54 GMT

An IndiGo Surat-Kolkata flight with over 170 people on board diverted to Bhopal on Sunday after the pilots reported a “burning smell in the cockpit”. The Airbus A320 neo (VT-ITH) operating as 6E-357 landed safely in Bhopal.

Luxury car makers seek tax cuts on automobiles in upcoming Budget

Sun, 17 Jan 2021 09:51:15 GMT

Luxury car makers Mercedes-Benz, Audi and Lamborghini expect the government to lower taxes on automobiles in the upcoming Budget, saying the premium segment of the auto industry has not been able to grow due to high taxation besides being hit hard by coronavirus. Any hike in taxes will hit demand and prevent recovery from the disruptions witnessed last year, according to senior officials of the companies.

US biz advocacy group urges Sitharaman to lower tariff in next Budget

Sun, 17 Jan 2021 07:53:08 GMT

Despite being on watchlist, RBI to continue intervening in forex mkt

Sun, 17 Jan 2021 05:03:53 GMT

Capital gains relief rule on flat sales given retro effect

Sun, 17 Jan 2021 01:28:14 GMT

ITAT has held that the benefit of a higher tolerance band of 10% for the difference between the sale price of a flat and the stamp duty valuation will apply with retrospective effect. The ruling will help pending cases from these years when the acceptable variation rate was much lower or no such leeway was available.

Traders' body moves SC over WhatsApp new policy

Sat, 16 Jan 2021 15:47:00 GMT

Traders' body CAIT on Saturday filed a petition in the Supreme Court, making a plea to direct WhatsApp to withdraw its new privacy policy. The body issued a statement claiming that the new WhatsApp privacy policy encroaches upon various fundamental rights of the citizens.

HDFC Bank Q3 net profit rises 14.36% to Rs 8,760 crore

Sat, 16 Jan 2021 15:21:58 GMT

The country's largest private sector lender HDFC Bank on Saturday reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter.

'RBI likely to propose stricter rules for shadow banks'

Sat, 16 Jan 2021 14:29:21 GMT

The Reserve Bank of India (RBI) is likely to propose tightening rules on "shadow banks" in a bid to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years, two sources said.

RBI open to examine proposal on bad banks: Das

Sat, 16 Jan 2021 11:59:56 GMT

If there is any proposal on bad banks, the Reserve Bank of India (RBI) will examine the proposal, RBI governor Shaktikanta Das during 39th Palkhiwala Memorial lecture on Saturday.

WhatsApp delays privacy changes by three months

Sat, 16 Jan 2021 07:08:10 GMT

With increasing backlash over its new policy update and the company losing users to rival messaging apps, WhatsApp on Saturday said it will no longer require users to accept updated terms of service by February 8, and is delaying the privacy changes by three months.

Sensex swings nearly 900 points on global cues

Sat, 16 Jan 2021 05:33:58 GMT

WhatsApp puts off data sharing change after backlash

Sat, 16 Jan 2021 03:27:58 GMT

WhatsApp has delayed till May 15 the introduction of a new privacy policy announced earlier this month after confusion and user backlash forced the messaging service to better explain what data it collects and how it shares that information with parent company, Facebook Inc.

Piramal wins bid for DHFL, set to expand retail biz

Sat, 16 Jan 2021 02:00:00 GMT

Piramal Group has received 94% votes from lenders, placing the conglomerate on course to become the new owner of bankrupt housing finance company DHFL. The US-based Oaktree Capital, which made an aggressive pitch for the company is understood to have received supporting votes from 45% of the lenders.

Chinese investments worth Rs 12,000 crore await nod

Sat, 16 Jan 2021 01:30:09 GMT

The Centre is in no rush to approve investments from neighbouring countries, despite a rising backlog of proposals worth over Rs 12,000 crore from China.

TaMo’s Tesla tweet electrifies industry

Sat, 16 Jan 2021 00:32:20 GMT

There was already chatter of an “electrifying” development over the past few days with market participants suggesting that the rise in Tata Motors shares was also the result of talk of a deal with Tesla.

'Govt nod to vehicle scrappage policy likely soon'

Fri, 15 Jan 2021 20:08:04 GMT

The much-awaited policy to scrap 15-year old vehicles is likely to get government nod soon, Union minister Nitin Gadkari said on Friday. On July 26, 2019, the government proposed amendments to motor vehicle norms to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles.

Bird flu scare: Vistara, IndiGo stop chicken, egg dishes on select routes

Fri, 15 Jan 2021 18:05:43 GMT

In wake of bird flu in severe states, airlines like IndiGo and Vistara have stopped serving chicken and egg dishes on some of their flights. A Vistara official said the airline has “already removed chicken and egg items from the onboard menu on both domestic and international flights originating from Delhi.”

India's Dec trade deficit widens to $15.44 bn

Fri, 15 Jan 2021 16:23:38 GMT

India's trade deficit in goods widened to $15.44 billion in December as imports rose to $42.59 billion, pushed by a surge in gold imports, while merchandise exports were up marginally, revised data released by the government on Friday showed.