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FE Bureau

The company had signed a deal for the store-cum-commercial complex in 2018 itself but the project had got stuck due to procedural delays.
IKEA to invest Rs 6k cr to expand ops in Maha; Navi Mumbai store opens today

To broaden its reach in Mumbai, the company will open two additional IKEA city centre stores in the city next…

By FE Bureau
December 18, 2020 02:00 IST
Total gross direct tax collection by December 15 came in at Rs 7.34 lakh crore.
3rd installment : Advance corp tax jumps 50% on low base

However, while the direct tax collection growth continued to be in negative territory for the current fiscal, the contraction has…

By FE Bureau
December 18, 2020 01:45 IST
Cover It Up was founded with an intention to tap into the market of smartphone cases with an approach of customisation to make the products stand out.
Cover It Up raises Rs 3.5 crore in seed funding

Cover It Up has grown from being a single product offering to a brand with multiple options of customisation, from…

By FE Bureau
December 18, 2020 01:30 IST
This is even after including timing benefit from Diwali falling in November in 2020 instead of October in 2019.
Price hikes to hit demand recovery for automakers, says Fitch Ratings

This will dampen consumer sentiment in an already weak demand environment. “We believe the impact will be more pronounced on…

By FE Bureau
December 18, 2020 01:15 IST
Motorcycle sales grew by 31% to 4.26 lakh units from 3.25 lakh, while scooter sales grew 11% to 3.11 lakh units from 2.80 lakh.
UK’s CDC Group to pick up minority stake in TVS ILP

This is the first time the company is raising an institutional investment. CDC will become a significant minority shareholder in…

By FE Bureau
December 18, 2020 01:00 IST
The K-12 and test preparation segments jointly secured $1.98 billion from investors.
Ed-tech start-ups pocket $2.2 bn in funding this year: Report

The increasing investor appetite for the sector is not surprising, given that the pandemic led to a significant increase in…

By FE Bureau
December 18, 2020 00:45 IST
Imports, this fiscal, have been estimated to come down to 150-160 mts against 247 mts imported in FY 20, added Vinay Prakash, director Adani Resources.
Govt to rationalise taxes and freight on coal to make second round of auctions attractive

The second round of auction is likely to take place in January. The number of blocks to be given for…

By FE Bureau
December 18, 2020 00:30 IST
Mumbai-Ahmedabad rail corridor: NHSRCL, L&T sign agreement for 88-km viaduct

The contract, signed with Larsen & Toubro includes the construction of elevated HSR station at Anand/Nadiad and other stations at…

By FE Bureau
December 17, 2020 08:48 IST
India Remittances
LeadSquared raises $32 m in Series B funding

Existing investors Stakeboat Capital and Jyoti Bansal also participated in this round.

By FE Bureau
December 17, 2020 08:42 IST
MPEDA launches multilingual call centre for aqua farmers

India produced 7, 47,111 tonnes of shrimps last year, of which more than 6% had come from Andhra Pradesh alone…

By FE Bureau
December 17, 2020 08:30 IST
One of the unintended consequences of limiting the promoter’s stake has been an increase in foreign investors’ holding in the domestic private banks of India.
Debt relief only through restructuring, not interest waiver: IBA

Senior advocate Harish Salve, appearing for the IBA, told a Bench led by Justice Ashok Bhushan that any relief which…

By FE Bureau
December 17, 2020 08:24 IST
NDB to lend India $1-billion for economic revival

The funds will also be utilised for employment generation under the Mahatma Gandhi National Rural Employment Guarantee Scheme.

By FE Bureau
December 17, 2020 08:20 IST
telecom
Nod for 4G auctions: With prices unchanged, govt to fall short of targeted Rs 3.92 lakh crore

Telcos unlikley to bid for 700 MHz so bids could be worth Rs 1.09 lakh crore

By FE Bureau
December 17, 2020 08:00 IST
Weeding out the corrupt: Tribunal upholds IRS officer’s sacking

The 1990-batch IRS officer Pramod Kumar Bajaj was among 85 officials who have been removed from the service by the…

By FE Bureau
December 17, 2020 07:45 IST
Currently, companies are given 18 months to bring up the minimum public shareholding to 10% and 36 months to reach 25%.
5% public float a must post CIRP: Sebi

The move is aimed at curbing volatility and manipulation in the share prices of these companies. The regulator said these…

By FE Bureau
Updated: December 17, 2020 15:40 IST
The apex court will hear the matter again on Thursday.
Deadlock over farmers’ stir: SC to form panel, as ‘with govt, it won’t work out’

A bench led by Chief Justice SA Bobde, while seeking response from the Centre, various state governments of Delhi, Punjab…

By FE Bureau
December 17, 2020 07:15 IST
whatsapp
WhatsApp to offer sachet-sized health cover

The pilots on financial services and other social impact programmes are one of the four pillars of WhatsApp’s strategy in…

By FE Bureau
December 17, 2020 07:00 IST
Pure EV to tie-up with CSIR-CECRI for indigenising lithium-ion battery technology for EVs

The MoU is claimed to set the path forward for indigenous Lithium-Ion technology and help the country boost EVs apart…

By FE Bureau
Updated: December 17, 2020 06:54 IST
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