[ad_1] NEW DELHI: The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (Fema) in transactions amounting to Rs 611 crore.The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm’s acquisition of two subsidiaries,…
[ad_1] Chief economic adviser V Anantha Nageswaran NEW DELHI: The Indian economy, which needs to grow around 7.6% in the March quarter to achieve the full year estimate of 6.5%, will get a boost from a rebound in public capex, a steady increase in non-oil exports as well as large private consumption expenditure by those…
[ad_1] MUMBAI/BENGALURU : A US bankruptcy court has found Byju’s parent Think & Learn, Byju Raveendran’s brother Riju Ravindran and a little known hedge fund Camshaft Capital responsible for defrauding Byju’s term loan lenders.The court also observed that Ravindran violated his fiduciary duties as a director of Byju’s Alpha, a US subsidiary set up by…
[ad_1] NEW DELHI: India can turn the potential threat of reciprocal tariffs from the US into its favour if it can use the situation to negotiate mutual tariff reductions, said the chairman of the 16th finance commission Arvind Panagariya on Saturday.“We have a very good opportunity to do a win-win bargain. So we can really…
[ad_1] MUMBAI: A P Moller Maersk, the world’s second-largest shipping company, plans to invest $5 billion in India’s maritime infrastructure. The investment would cover ports, terminals, and land-based facilities, according to its senior leadership.The company has allocated $2 billion towards the expansion of its Pipavav terminal operations in Gujarat, while the remaining funds will support…
[ad_1] Byju’s founder and CEO, Byju Raveendran, reiterated his claims of collusion in the company’s insolvency proceedings, stating that new evidence submitted to court proves that EY India acted on behalf of GLAS Trust in what he calls a “massive fraud.” In an exclusive interview with TOI, Raveendran said the whistleblower documents circulating online contain…
[ad_1] J Michael Prince, president & CEO at USPA Global Apparel maker US Polo Assn is betting on India to become its largest global market. Amid growing competition from a mix of fashion forward global and local direct-to-consumer brands, the company has been able to tap into the rising casualisation trend in India.Young people do…
[ad_1] New Delhi: India’s economic growth in the three months to Dec rebounded on the back of arecovery in govt and consumer spending, exports and a robust farm sector, while services remained steady.Data released by National Statistical Office on Friday showed GDP grew by 6.2% in the Oct-Dec quarter of the current fiscal year, rising…
[ad_1] NEW DELHI : The World Bank has estimated that India will need to grow 7.8% on an average over the next 22 years to become a high-income economy by 2047 and underlined the need for a series of reforms to achieve the goal.The latest India Country Economic Memorandum, released on Friday, said India’s growth…
[ad_1] NEW DELHI: Growth in the country’s crucial core sector held steady in Jan with expansion in cement and refinery products output but eased slightly from December.Data released by the commerce and industry ministry on Friday-showed the eight core sector spanning coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity rose 4.6%…
