The Central Board of Trustees and EPF, in its meeting on Thursday recommended 8.5 per cent annual rate of interest to be credited on the EPF accumulations in members’ accounts for the financial year of 2020-21. The meeting, presided over by...
Foreign direct investment (FDI) in India grew 40 percent to USD 51.47 billion during the April-December 2020-21, according to government data which was released on Thursday. India has attracted 22 percent higher FDI inflow (including re-invested...
OPEC, Russia and other oil producers meet on Thursday to decide whether to keep its output for April steady or to increase it as they weigh a recent price rally against uncertainty about the recovery of the economy. With oil above $60 a barrel,...
To achieve market share and sales goals, businesses often acquire properties, develop new business lines, or buy companies or portions of companies as they expand. Development can also mean changes in a company's markets and operating...
Shares of state-run oil refining company Bharat Petroleum rose as much as 6 percent to hit an intraday high of ₹ 482.40 after its board of directors approved sale of Numaligarh Refinery in Assam. "Bharat Petroleum...
COVID19 is caused by the novel coronavirus SARS-CoV-2, and the flu is caused by influenza viruses that work in a similar way, so it’s no surprise that evidence suggests some of the symptoms that patients might experience with both illnesses...
India's fuel consumption could rise by 9.8% in the year to March 2022, its highest pace of growth in the six years which was driven by robust demand for gasoline and gasoil in Asia's third largest economy, according to initial government...
The Employees’ Provident Fund Organisation (EPFO) is likely to announce the rate of interest on provident fund deposits for the financial year of 2020-21 on March 4. EPFO’s central board of trustees are set to meet at Srinagar and...
According to Crisil, bank credit is expected to rise 400-500 basis points (bps) to 9-10% next fiscal as the Indian economy recovers, aided by budgetary stimulants and steps announced by the Reserve Bank of India (RBI). India's GDP growth...
Goods and services tax (GST) collections in February (for sales in January) rose 7.4 per cent year-on-year to Rs 1,13,147 crore. Though lower than Rs 1,19,875 crore collected the previous month, the February mop-up is the fifth consecutive...