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E-appeals scheme notified, to enable electronic filing

IN WHAT IS expected to help speed up resolution of small disputes, taxpayers will now have recourse to the income tax e-appeals scheme that would enable electronic filing and hearing of such cases

RBI calls for structural reforms for medium-term GDP growth

Pegs FY24 figure at 6.5% with risks evenly balanced

JioCinema hits the ball out of the park in nail-biting final

RAIN DELAYS AND a truncated match failed to deter cricket fans from tuning in to the final clash of the Indian Premier League (IPL) on Monday

RBI moots light payment system

THE RESERVE BANK of India (RBI) is working on a lightweight payment and settlement system (LPSS) that can be operated from anywhere with minimal manpower in the event of natural calamities and war. The system will be independent of existing payment systems such as RTGS, NEFT, and UPI

BlackRock slashes Byju's fair value by 62% to $8.4 billion

Second markdown of US AMC's shareholding in the edtech startup

Govt asks Tesla to submit road map for vendor base

THE GOVERNMENT HAS asked Elon Musk's Tesla to submit a road map on the timeframe needed to set up an indigenous supply chain for domestic manufacturing of its electric vehicles

Sebi rejigs advisory committee

THE SECURITIES AND Exchange Board of India has reconstituted its intermediary advisory committee, which makes recommendations on changes to the legal framework, according to a PTI report on Monday.

RIL market cap crosses ₹17-trn mark

INDEX HEAVYWEIGHT RELIANCE Industries (RIL) has crossed ₹17 trillion in market value. On Monday, it closed with an m-cap of ₹17.04 trillion.

R&D spends to hit Sun's margins

They will boost the drug firm's positioning in innovative offerings

Oil dips as rate hike bets offset US debt deal

OIL PRICES SLIPPED on Monday, as worries over further interest rate hikes that could curb energy demand trumped a tentative US debt ceiling deal that would avert a default by the world's top oil consumer.

Xiaomi deepens local sourcing

AMID TIGHT SCRUTINY ON CHINESE FIRMS

Air India's transformation plan off to a 'healthy start': CEO

BULLISH ON GROWTH prospects with a 'healthy start' to Air India's five-year transformation plan, its CEO and MD Campbell Wilson on Monday said the airline is hiring 550 cabin crew members and 50 pilots every month and also expects to have six wide-body A350 planes in its fleet by the end of this year.

JioCinema in multi-year content deal with NBCU

VIACOM18'S STREAMING PLATFORM JioCinema on Monday announced a multi-year agreement with NBCUniversal (NBCU) to bring several NBCU films and TV series to India.

4G stack-like success possible in electronics, says HCL co-founder

AS INDIA IS pushing for local electronics and hardware manufacturing, HCL co-founder Ajai Chowdhry has said the government should replicate telecom 4G stack-like success in both sectors by introducing special incentives for designing products in India.

Atomberg raises $86 mn

Round led by Temasek, Steadview Capital

Startup investment in Guj needs improvement

GUJARAT IS AMONG the best performers for providing a supportive environment for startups to grow, however, experts believe that the investment culture in the state's startup ecosystem needs to improve.

Term insurance premium by few insurers could see hike this year

TERM INSURANCE PREMIUM could see another hike this year with at least a few insurers mulling an increase in rates.

G20 members working to define startups

THE STARTUP20, THE startup engagement group of G-20, will meet in Goa this weekend to arrive at a definition framework for a startup across the member countries.

Urban unemployment rate hits new low of 6.8% in March quarter

THE URBAN UNEMPLOYMENT rate dipped further in the January to March 2023 quarter, according to the periodic labour force survey and declined for the seventh straight quarter, indicating that the urban labour market is on the path to recovery after the pandemic.

ONGC to invest ₹1 trillion to become net zero by 2038

OIL AND NATURAL Gas Corporation (ONGC) chairman Arun Kumar Singh on Monday said that the company will invest around ₹1 trillion in renewable energy by 2030 as it plans to become net zero by 2038.

Less than $100 mn stuck in Russia: OVL

ONGC VIDESH, THE overseas arm of Oil and Natural Gas Corporation (ONGC), on Monday said it has less than $100 million dividend income stuck in Russia and that it is not in a hurry to get it back.

FDI equity inflows contract 22% to $46 bn in 2022-23, lowest in 4 years

FDI EQUITY INFLOWS declined 22% on-year in 2022-23 to $46 billion, the lowest in the last four years, data released by the Department for Promotion of Industry and Internal Trade on Monday showed.

States' capex flat in FY23 excluding central support

DESPITE A FISCALLY sweet spot, states' capital expenditure remained subdued in the financial year that ended on March 31 (FY23) as they sought to use the rebound in their financial health to keep the fiscal deficit in check.

Bank privatisation to happen as per schedule: Sitharaman

GOVT PLANS TO MINIMISE THE NUMBER OF STATE-RUN FIRMS. THE GOVERNMENT IS KEEPING A CLOSE WATCH ON INFLATION, SAYS FM

Space crunch: E-comm apps go lite

FIRMS LOOK TO WIDEN CUSTOMER BASE

Brand IPL set to hit $10 billion this year

IT IS NOT without reason that the Indian Premier League (IPL) is counted among the world's most valuable sporting properties.

Go First to pay extra to keep pilots on board

LOW-COST CARRIER GO First, which has filed for insolvency, is trying to retain its pilots with a monthly allowance, as it tries to put in place a plan to restart operations.

RCap CoC agrees to equitable share of sale proceeds

Lenders' move aims to curtail disputes between creditors

Governance gaps at some banks: Das

ALSO FLAGS STRESSED ASSETS' MISREPORTING

After initial hiccups, 3 payments banks turn profitable

WHEN PAYMENTS BANKS framework was issued in 2015, the Reserve Bank of India had given inprinciple approval to 11 players.