The government does not intend to make social media users' verification mandatory in view of the privacy issue, Minister of State for Electronic and IT Rajeev Chandrasekhar told Lok Sabha on Wednesday. To ensure that internet is open, safe, trusted and accountable to all users, the government notified the Information Technology (Intermediary Guidelines and Digital [...]
Two-wheeler market leader Hero MotoCorp has denied the report of the IT Department finding Rs 1,000 crore false expense claims, saying it is speculative. The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities [...]
The Sri Lankan government on Wednesday extended the nationwide daily power cuts from seven hours to 10 due to the non-availability of fuel to generate hydro-electricity. Sri Lanka is facing an unprecedented acute economic and energy crisis caused due to shortage of foreign exchange. A sudden rise in prices of key commodities and fuel shortage [...]
Shares of Tata Coffee rallied 13.07% on Wednesday after Tata Consumer Products announced the merger of all businesses of the company with itself as part of a reorganisation plan in line with its strategic priority of unlocking efficiencies and synergies. Tata Coffee’s shares jumped 13.07 per cent from ₹ 196.25 to ₹ 221.90 apiece. The [...]
The commerce ministry is studying the work of its three undertakings - MMTC, STC and PEC, and it will take appropriate steps to protect the national interest, Commerce and Industry Minister Piyush Goyal has said. On a question about whether the commerce ministry is planning to close these units, he said: "We are examining all [...]
Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The shares were acquired at Rs 187.88 a piece, it said. "...We wish to submit that the company, along with its wholly-owned [...]
Shares of Ruchi Soya Industries on Tuesday rallied nearly 16 per cent, halting its four-day decline amid value buying. The stock jumped 15.94 per cent to settle at Rs 944.95 apiece on the BSE. During the day, it surged 19.99 per cent to Rs 978.05. On the NSE, it zoomed 15.19 per cent to settle [...]
Petrol prices in the national capital as well as most state capitals crossed Rs 100 a litre mark as its rates on Tuesday were hiked by 80 paise a litre and that of diesel by 70 paise, taking the total increase since last week to Rs 4.80 per litre. Petrol in Delhi will now cost [...]
HDFC Bank on Tuesday said it has inked an agreement to invest Rs 3 crore in the first tranche to acquire a stake in debt management company IDRCL. HDFC Bank has signed a pact on March 28, 2022, for investment in India Debt Resolution Company Ltd (IDRCL) by way of subscription to equity securities, the [...]
The country's oldest stock exchange BSE has also embarked on a search for a chief executive and managing director ahead of incumbent Ashish Kumar Chauhan's term ending in November. The move comes at a time when its bigger rival NSE, which controls a large part of trade volumes in the country, has also initiated a [...]