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Piramal gets a cue from CCI for DHFL acquisition

Piramal gets a cue from CCI for DHFL acquisition

Piramal Enterprises (PEL) stated that its subsidiary Piramal Capital and Housing Finance has secured approval from the Competition Commission of India (CCI) to acquire Dewan Housing Finance Corporation (DHFL). The approval brings Piramal a step...

Retail Industry Seek Out Intervention of Finance Minister and RBI for Liquidity Support

Retail Industry Seek Out Intervention of Finance Minister and RBI for Liquidity Support

The retail industry, which has been hit by the Covid pandemic and state-level lockdowns, has asked the Ministry of Finance and the Reserve Bank of India for liquidity support, a moratorium, interest subvention, and working capital to remain...

GoAir rebrands as GoFirst by Wadia group

GoAir rebrands as GoFirst by Wadia group

On Thursday itself Low-fare airline GoAir rebranded GoFirst, as the Wadia group-controlled airline prepares to approach the market for a public share sale. The rebranding comes at a time when the second wave of Covid-19 has led to a drastic...

Bitcoin drops after report that Binance under US probe and Tesla move

Bitcoin drops after report that Binance under US probe and Tesla move

Bitcoin slid to a 2-1/2-month low on Thursday after the regulatory probe into crypto exchange Binance added to pressure from Tesla Inc chief Elon Musk’s reversing his stance on accepting the digital currency. Bloomberg reported on Thursday...

Aadhaar update, enrolment charges are fixed, UIDAI has listed these three options if you are asked to pay extra

Aadhaar update, enrolment charges are fixed, UIDAI has listed these three options if you are asked to pay extra

The Unique Identification Authority of India (UIDAI) has reiterated that charges for the Aadhaar card enrolment and updations are fixed and listed three options for Aadhaar cardholders if they are asked to pay extra. The three options suggested...

World Bank Reveal India Obtained $83 billion in Remittance in 2020

World Bank Reveal India Obtained $83 billion in Remittance in 2020

India obtained over USD83 billion in remittance which is a drop of just 0.2 per cent from the preceding year even in case of devastating the world economy  due to the pandemic, as per the World Bank report. China received USD...

India Complements 12.1 GW Power Generation Capacity in FY21; Renewable Space Constitutes 64 Percent: Report

India Complements 12.1 GW Power Generation Capacity in FY21; Renewable Space Constitutes 64 Percent: Report

India added 12.1-gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report. India's total power generation also increased by 1.3 per cent in FY21 despite pandemic restrictions,...

RBI amends the KYC norms: Here's what bank customers must know

RBI amends the KYC norms: Here's what bank customers must know

On Monday, the Reserve Bank of India (RBI) has amended its master direction on know-your-customer (KYC) norms to further leverage the video-based customer identification process (V-CIP) and simplified the process of periodic updation of KYC for...

Packaged goods sales up by 9.4 percent in Q4

Packaged goods sales up by 9.4 percent in Q4

India’s fast moving consumer goods (FMCG) segment reported 9.4% year-on-year growth in the March quarter aided by price increases by large companies across edible oils, packaged foods and tea, and demand for packaged foods such as biscuits,...

Passenger vehicle sales fall by 10 percent in April

Passenger vehicle sales fall by 10 percent in April

Passenger vehicle (PV) and two-wheeler sales fell in double digits in the month of April as a sharp rise in Covid-19 cases and lockdowns in several states hit production and delivery of vehicles to dealerships. Sales of cars, SUVs and minivans...

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