Business News

Business

April 2025 Bank Holidays in India: Complete State-Wise Guide to Bank Closures

The RBI has released the April 2025 bank holidays list, featuring state-specific closures for various celebrations. Plan your banking activities with this comprehensive guide.

Business

Elon Musk Assures Investors: Tesla's Stock Has a Bright Future Ahead

Elon Musk reassures investors about Tesla's stock performance in the long run, highlighting his confidence in the company's future amidst market volatility. Anticipation builds for...

Business

Foreign Investors Inject Rs 31,000 Crore into Indian Equities: A Six-Day Surge Explained

Foreign portfolio investors have infused Rs 31,000 crore into Indian equities in six trading sessions, driven by attractive valuations and macroeconomic improvements, leading to a ...

Business

Government's Bold Move: Converts Vodafone Idea's Dues into Equity, Becoming Largest Shareholder

The Indian government converts Vodafone Idea's Rs 36,950 crore spectrum dues into equity, becoming the largest shareholder with 49% stake, to ensure the telecom sector remains comp...

Business

Yes Bank Faces Massive Rs 2.2K Crore Tax Notice: A Deep Dive into the Controversy

Yes Bank has been issued a Rs 2,209 crore tax demand notice for AY 2019-20, despite no additional disallowances in the reassessment order. The bank claims the demand is baseless.

Business

India's Government Unveils Comprehensive 360-Degree Incentives to Boost Key Sectors

The Indian government is enhancing its Production-Linked Incentive (PLI) scheme with a 360-degree approach to support key sectors like footwear, textiles, and specialty chemicals, ...

Business

Indian Banks Set for Rs 20k Crore Windfall as RBI Eases NPA Sale Rules to ARCs

India's public sector banks are poised for a Rs 20,000 crore earnings boost as the RBI allows profit booking on security receipts from bad loans sold to ARCs, with NARCL playing a ...

Business

Income Tax Department Imposes Hefty Rs 944 Crore Penalty on IndiGo's Parent Company

InterGlobe Aviation, IndiGo's parent company, faces a Rs 944.2 crore penalty from the Income Tax department for 2021-22. The company disputes the order as erroneous and plans legal...