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Can media companies weather a recession ?

Can media companies weather a recession ? With a massive shift in society’s attitude towards the media, we are beginning to see a much bigger audience interested in consuming high-quality content on a variety of topics and platforms than ever before. In our increasingly digital world, the way we consume and share content is changing […]

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RBI warns of risks from cross-border outsourcing of IT services

The Revenue Division (RCI) said it is alarmed by the trend of outsourcing of business services from foreign jurisdictions by local entities and called on them to stop this practice before it spreads further and hurts the economy. “This can be one of many reasons that the current economic crisis has created, which could have […]

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India Inc gives thumbs up to GST, but says long way to go in fixing issues

While the United States welcomed a $1 billion donation to COVID-19 relief efforts from China as ‘a welcome boost’ for developing countries, India on Monday gave its full backing to global corporate giants that have been helping it get through this pandemic while saying long way needs to be made to address ‘structural issues’ in […]

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Trump media company subpoenaed in federal criminal probe of SPAC deal

Trump media company subpoenaed in federal criminal probe of SPAC deal The president’s media company was abruptly dissolved after the Mueller investigation but has now been subpoenaed in an unrelated federal criminal probe of the $700 million U.S. military space business deal that he says a former employee secretly helped him win the 2016 election. […]

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Lenders await fate of Piramal, 63 Moons Tech litigation in top court

The lenders of Indian telecom companies have been waiting since the time IAF shot at them and took over one million rupees from their accounts. They’re now looking for a better settlement to cover the dues. And in another twist, IAF is willing to give up ownership stake if it finds a better solution to […]

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9 real estate firms under CBI scanner for diversion of Rs 14k-cr DHFL funds

The Crime Branch (CBI) of the Delhi Police has listed nine real estate agencies under a ₹10,000 crore diversion scheme for money laundering and other offences including bribery, corruption, fake property, money laundering and so on. These companies range from big private developers to others that have been accused by police of indulging in unauthorised […]

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Indian economy to grow by 7%-7.8% in FY23 despite global headwinds: Experts

India is expected to grow its economy by 7.8% in the next fiscal year (FY23) with a GDP of $21 trillion, a growth that will help ease pressure on the government to deliver on its election promises of reforms and boost rural investments, economic experts said Friday. These projections echo earlier predictions that projected GDP […]

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Piyush Goyal asks for ONDC pilot focused on non-digital traders, artisans

At a time when digitalisation and automation are shaping the future of Indian industry as we know it, chief executive officer (CEO) at Tata Nexon, Piyush Goyal has asked for more focus on non-digital customers — those who can be reached over the phone or through an online platform. “I’m in favour of bringing these […]

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Wall Street struggles for direction on growing recession fears

NEW YORK, Jan. 16 (Reuters) – The main U.S. stock indexes rose on Friday as investors continued to remain cautious following a sell-off on Monday, but the economic outlook remains uncertain, with mounting fears about a potential recession over the next few months weighing on sentiment. The Dow rose 0.8%, although it was off more […]

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Germany takes step closer to gas rationing

The European Union has been planning to increase gas limits on all fuel-burning cars and light trucks from 27 percent of maximum power to 39 percent by 2030, or from 35 percent to 40 percent in some markets, as part of a new energy plan. But the German government’s goal is much more ambitious, with […]