Ads

Budget 2021: Cess likely to fund vaccine rollout


New Delhi: There is growing discussion around the introduction of a “vaccine cess” in the Union Budget to fund the rollout of the Covid-19 vaccine at a time when revenues are under strain and there is growing demand for funds, including for higher defence allocation. With the economy showing signs of returning to normalcy, things...

Shekhar Kapur starts work with Emma for next film


Filmmaker Shekhar Kapur has started preparing for his upcoming cross-cultural rom-com featuring Hollywood star Emma Thompson. Titled What's Love Got To Do With It?, the film deals with love and marriage and is set in London and South Asia. "First rehearsals with the amazing actor Emma Thompson today. So looking forward to working with her in...

Post Date: October 29, 2020

US Defence Secretary Mark T. Esper and US Secretary of State Mike Pompeo laying the wreath at the National War Memorial in New Delhi.

Amazon flexes muscles but Reliance holds deep war chest


New Delhi: The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called "gatekeeper for e-commerce" to keep the reins of a growing retail market in the country in its hands. The legal battle...

International flights in India to remain suspended till Nov 30

Post Date: October 29, 2020

New Delhi: The Centre has extended the suspension of scheduled commercial international flight operations to and from India till November 30. "This restriction shall not apply to international all-cargo operations and flights specifically approved by the Directorate General of Civil Aviation," an official statement said. "However, international scheduled flights may be allowed on select routes by...

China’s Ant Group to raise $34.5 billion in biggest IPO ever


Shanghai: Chinese financial technology giant Ant Group is set to raise about $34.5 billion from its initial public offering (IPO) in Hong Kong and Shanghai, surpassing the previous record set by Saudi Aramco’s $29.4 billion IPO in terms of cash raised last year. Ant's IPO values it at $313 billion, larger than some of the...

Economic growth in FY21 may be negative: Sitharaman


New Delhi: Finance Minister Nirmala Sitharaman said that India's economic growth in the current financial year may be in the negative zone or near zero amid the ongoing coronavirus pandemic. Speaking at the India Energy Forum of CERAWeek, Sitharaman, however, noted that signs of revival are visible now and India would be among the fastest...

US investors urge SEBI to bring reforms in IPO norms


Mumbai: Investors and other market stakeholders from US have asked India's capital market regulator SEBI to bring in reforms in the regulations for initial public offering (IPO), a statement said on Wednesday. SEBI Chairman Ajay Tyagi, along with other SEBI officials, had an e-interaction with various stakeholders including industry and investor associations from the US....