After a long wait, the central government seems to be moving towards rationalisation in long-term capital gains tax structure. The Union Finance Ministry is looking at rationalising long-term capital
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The Centre is planning to offload 5-10% stakes in Coal India, Hindustan Zinc and Rashtriya Chemicals and Fertilisers, reported Bloomberg quoting sources. Two other state-run companies, including a pu
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Business
PhonePe in talks to raise funds from General Atlantic at $12 billion valuation; could become India’s most-valued fintech
At a time when funding winter is crippling Indian startups and they face a hard time raising funds, leading online payment unicorn PhonePe is in talks to raise funding from leading growth equity firm
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Business
TCS ahead in race for Rs 16,000 crore BSNL 4G network roll-out deal, ITI submits bid too: Report
Tata Consultancy Services Ltd (TCS), India’s top software services exporter, and Bengaluru-based ITI have submitted their bids for Bharat Sanchar Nigam Limited (BSNL) 4G network. Citing unnamed seni
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Business
Rs 7,000 crore transmission contract award to Adani upheld by SC; Tata Power’s plea rejected
Dismissing Tata Power’s plea against the award of Rs 7,000-crore transmission contract on a nomination basis to Adani Electricity, the Supreme Court upheld the Maharashtra Electricity Regulatory Comm
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Switzerland's second-biggest bank Credit Suisse forecasted a surprise Q4 pre-tax loss of up to $1.6 billion as the embattled bank undertakes a radical overhaul. In addition to revamping its investment
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