Business India

India has decided not to join the trade pillar of the Indo-Pacific Economic Framework (IPEF) due to concerns about binding conditionalities related to issues like the environment and labor. Piyush Goyal, the Union commerce minister, cited reasons such as the development of digital trade laws and potential binding commitments that [...]

Half of India’s business leaders are uncertain about the future of work, according to a survey by PwC India. The survey found that five out of 10 leaders believe there is a need to plan for multiple possible futures of the workplace and workforce, but fear of setting a precedent [...]

According to a regulatory filing, Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Industries Ltd, is set to acquire a controlling stake in Lotus Chocolate. The share purchase agreement entails RCPL obtaining 77% of Lotus Chocolate’s paid-up share capital through a secondary purchase from promoters Prakash Peraje Pai [...]

On Friday, SoftBank conducted an open market transaction to divest a 5.1% stake worth Rs 1,043 crore in PB Fintech, the parent company of Policybazaar. SVF India Holdings (Cayman), a SoftBank subsidiary, executed the sale by offloading 5.08% of the company’s stake, equivalent to 2,28,42,424 shares, as indicated by data [...]

Starting next week, businesses across various sectors in Delhi, including restaurants, transportation services, BPOs, and online delivery services, can operate 24×7, following the approval of the proposal by Lieutenant Governor V K Saxena. The decision grants exemptions to 314 establishments, some pending since 2016. The Lieutenant Governor has directed that [...]

According to a report from the Reserve Bank of India (RBI), price stability is vital for strong and sustainable economic growth. The report emphasizes the need for structural reforms to support a lasting recovery post-Covid. The Report on Currency and Finance (RCF) for 2021-22 states that a feasible range for [...]

Uber, known for its cab services, has made a bold move by entering the bus business. With the aim of encouraging office goers to rely less on their private cars, Uber now offers buses with a carrying capacity ranging from 10 to 50 passengers, depending on the model. On Wednesday, [...]

Markets continued their downward trend on Monday, marking a second consecutive session of losses. Lackluster macroeconomic data and an increasing number of COVID-19 cases dampened risk appetite, overshadowing a notable rise in the rupee, which failed to uplift sentiment, according to traders. The S&P BSE Sensex closed 397 points (0.78%) [...]