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    1. Business News
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    3. fe bureau

    FE Bureau

    supreme court
    SC asks Damodar Valley to return Rs 354-cr bank guarantees to RInfra

    In a relief to Reliance Infrastructure, the Supreme Court on Thursday asked Damodar Valley Corp (DVC) to return bank guarantees…

    By FE Bureau
    December 17, 2021 08:21 IST
    wipro
    Wipro to acquire LeanSwift Solutions for $21 million

    Wipro will get 100% stake in LeanSwift in a full cash transaction worth $21 million, expected to be completed before…

    By FE Bureau
    Updated: December 17, 2021 08:15 IST
    Earlier this month, chief economic advisor Krishnamurthy V Subramanian told FE that private investment is gathering pace and would see a spurt once pandemic-induced uncertainties subside.
    Investment proposals worth $121 bn in the pipeline

    India reported a record FDI inflow of $82 billion in FY21 despite the pandemic. FDI inflows in the last seven…

    By FE Bureau
    December 17, 2021 07:33 IST
    Accordingly, it has recommended that all social media platforms, which do not act as intermediaries, be treated as publishers and be held accountable for the content they host.
    In Parliament: Panel bats for social media regulation in data protection law

    Retains clause to exempt govt agencies from the provisions of law

    By FE Bureau
    December 17, 2021 07:01 IST
    Revenue secretary and other officials of the finance ministry on Thursday held a meeting with a team from vendor Infosys, headed by its MD and CEO Salil Parekh, on the preparedness of the e-filing website during the peak filing period.
    3.59 crore IT returns e-filed so far

    Infosys has taken various steps, including augmenting the technical infrastructure and setting up a dedicated war room to monitor the…

    By FE Bureau
    December 17, 2021 06:30 IST
    For the vehicle loan, the borrower has to show the ability to repay by way of income proof. This is typically done by way of the last three years' income tax returns for non-salaried income.
    Financial sector seeks flexibility in NBFC norms, sustained credit flow

    CII president TV Narendran said the upcoming Budget must “continue the thrust on growth and reforms, and ensure tax and…

    By FE Bureau
    December 17, 2021 06:15 IST
    While the SC had earlier said the family dispute should go for arbitration, Bina Modi wanted to try mediation first. While Bina Modi was represented by senior counsel Mukul Rohatgi, senior counsel Harish Salve appeared for Lalit.
    SC appoints to ex-judges as mediators in dispute between Lalit, Bina Modi

    While the names of the former judges as mediators were suggested by a bench led by Chief Justice NV Ramana,…

    By FE Bureau
    December 17, 2021 06:00 IST
    ch said the company has been invited by the Embassy of Vietnam for a one-on-one meeting with the President of the National Assembly to discuss avenues of cooperation, supplies, and technology transfer possibilities.
    Bharat Biotech donates 200,000 doses of Covaxin to Vietnam

    Covaxin and help boost Vietnam’s national vaccination programme.

    By FE Bureau
    December 17, 2021 04:00 IST
    The commission will take a call on Friday on reopening of schools and allowing construction activity, he said.
    SC asks expert panel to work out lasting solution for NCR’s air pollution

    The Union power ministry informed the apex court that a further shutdown of thermal power plants within a 300-km radius…

    By FE Bureau
    December 17, 2021 03:45 IST
    You won’t have to provide them with a lot of information to get the loan approved, and they won’t be concerned about your poor credit score, or if you are up to your eyes in debt.
    Your Money: Are you taking a loan from a money lender?

    However, before you start speaking to a hard money lender, you need to understand the pros and cons of taking…

    By FE Bureau
    December 17, 2021 03:15 IST
    The government intended to introduce the DBT mechanism through amendments to the Electricity Act to restrict power distribution companies (discoms) from making arbitrary subsidy claims to recover the amount from their respective state governments.
    Farmers’ stir: Centre drops plan to use DBT system for power subsidy disbursal

    Other major reforms in the Act proposed by the government are provisions to encourage cross-border electricity trade, strengthening payment security…

    By FE Bureau
    December 17, 2021 02:15 IST
    Giving key business updates, CreditAccess Grameen said its collection efficiency in November was stable at 94.3%, excluding arrears. Collections were stable despite brief period of festivities and unseasonal rains in Tamil Nadu and Karnataka, it said.
    CreditAccess Grameen November disbursements reach pre-Covid levels

    The trend of rising disbursements is in line with the overall growth in the microfinance industry.

    By FE Bureau
    December 17, 2021 01:15 IST
    The minister said 24 states have so far published draft rules under the code on wages, 20 under the code on industrial relations, 18 under the code on social security and 13 under the code on occupational safety, health and working conditions.
    States being asked to frame labour code rules: Centre

    “The central government is pursuing with the remaining state governments to frame the rules under all four codes,” he added.

    By FE Bureau
    December 17, 2021 00:45 IST
    The company wants the stock from its sources to go up to 25 MT by December-end.
    CIL aims to build up 45 MT stock at power plants by FY22-end

    The target for the stock at the plants would match the previous highest-ever stock in power plants, achieved in 2020.  CIL’s…

    By FE Bureau
    December 17, 2021 00:15 IST
    The government will pay a percentage of the value of the person-to-merchant (P2M) transactions done through RuPay debit cards and low-value BHIM-UPI modes of payments.
    Cabinet clears Rs 1,300-cr scheme to promote RuPay, BHIM transactions

    The idea is to enable a vast number of people, especially in the marginalised sections of society who are outside…

    By FE Bureau
    December 16, 2021 21:05 IST
    soil health detector
    Boon for farmers: Now detect soil health in just 90 seconds

    IIT Kanpur develops a portable soil-testing device that also recommends the required dose of fertilisers

    By FE Bureau
    December 16, 2021 09:36 IST
    domestic natural gas
    Domestic natural gas output rises 23%

    The output had fallen 8.1% Y-o-Y to 28,670.6 mscm in FY21, but had subsequently increased 21% y-o-y to 16,890.9 mscm…

    By FE Bureau
    December 16, 2021 09:26 IST
    Wizikey's News Score is the industry's first integrated metric that measures news visibility. The score is determined by the volume of news, headlines presence, reach of publications, and readership.Globally, Facebook is ranked No.1 on the index, followed by Alphabet Inc, which owns Google. Amazon is ranked at No.3 followed by Apple Inc, Samsung Electronics, Netflix and Microsoft.
    RIL, Adani Transmission, Adani Enterprises fastest wealth creators

    The financial sector has emerged as the top value creator between 2016 and 2021 and the sector will continue to…

    By FE Bureau
    December 16, 2021 09:19 IST
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    Latest News

    India is set to hold the Commonwealth Games (CWG) in 2030 with Ahmedabad as the host city, EAM S Jaishankar confirmed. India last hosted the CWG in 2010.

    Ahmedabad to host 2030 Commonwealth Games, EAM Jaishankar confirms

    Ola Electric launched Ola Shakti, its first residential Battery Energy Storage System

    Bhavish Aggarwal-led Ola Electric enters Rs 1 lakh crore battery storage market with Ola Shakti

    They Call Him OG

    They Call Him OG’s OTT release date: When and where to watch Pawan Kalyan’s movie

    'Indian rats': Hateful graffiti in Canada sparks fresh outrage, Hindu group calls for immediate probe

    Anti-India graffiti in Canada: Woman arrested for hate-related vandalism next to children’s park

    Nestle said it will reduce its global workforce by 16,000, including 12,000 white-collar roles and 4,000 positions in manufacturing and supply chain, under its ongoing efficiency and growth initiatives. The company employs about 2.7 lakh people across the world.

    Nestle announces 16,000 job cuts under new CEO’s sales-focused overhaul

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