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Finance minister Nirmala Sitharaman in her Budget for 2021-22 had said the process of privatisation of IDBI Bank would be completed in the current fiscal.

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

PTI | , New Delhi
PUBLISHED ON SEP 19, 2021 12:54 PM IST
During a presentation before the DIPAM held recently, most of the eligible transaction advisers gave a time-frame of 50-52 weeks to undertake several stages of the privatisation process of IDBI Bank
There are two RBI mandated holidays and three weekend leaves in the last week of September. (Sameer Sehgal/HT File Photo)
There are two RBI mandated holidays and three weekend leaves in the last week of September. (Sameer Sehgal/HT File Photo)

Bank holidays in last week of September: Check dates here

By hindustantimes.com | Written by Meenakshi Ray
PUBLISHED ON SEP 19, 2021 12:43 PM IST
According to the RBI list of bank holidays, September had a total of 12 holidays—including second and fourth Saturdays as well as Sundays and other festivals.
Piyush Goyal said the Centre has no plans to close the Coffee Board but proposed that it should be shifted to the agriculture ministry from the commerce ministry.
Piyush Goyal said the Centre has no plans to close the Coffee Board but proposed that it should be shifted to the agriculture ministry from the commerce ministry.

Govt to re-look into provisions of Coffee Act and simplify it: Piyush Goyal

Written by Harshit Sabarwal | Edited by Poulomi Ghosh, New Delhi
PUBLISHED ON SEP 18, 2021 09:11 PM IST
“The present Coffee Act was enacted in 1942 and it has many provisions which have become redundant and are impediments to the coffee trade,” an official statement said.
Google has not received the investigation report, a person with direct knowledge of the situation told Reuters.(Reuters file photo)
Google has not received the investigation report, a person with direct knowledge of the situation told Reuters.(Reuters file photo)

Google abused Android dominance in India, says report

Reuters | , New Delhi
UPDATED ON SEP 18, 2021 02:33 PM IST
Alphabet Inc's Google reduced "the ability and incentive of device manufacturers to develop and sell devices operating on alternative versions of Android," says the June report by the Competition Commission of India's (CCI) investigations unit.
Gold prices fell marginally by <span class='webrupee'>₹</span>36 to <span class='webrupee'>₹</span>45,888 per 10 gram on Tuesday as the international market also saw a depreciation.
Gold prices fell marginally by 36 to 45,888 per 10 gram on Tuesday as the international market also saw a depreciation.

Gold prices fall throughout week after starting on high note

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON SEP 18, 2021 08:42 AM IST
  • Gold began the week on a high note after the price rose by 82 to 45,952 per 10 gram, in tune with price in international markets.
Zomato and Swiggy will have to collect and deposit the GST with the government from January 1.&nbsp;(File Photo)
Zomato and Swiggy will have to collect and deposit the GST with the government from January 1. (File Photo)

Zomato, Swiggy to collect GST for deliveries. What it means for you

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON SEP 18, 2021 06:13 AM IST
Zomato and Swiggy will pay 5 per cent GST as GST is a levy on consumption after the GST Council decided to charge services by cloud kitchens and food delivery platforms.
PM Modi is betting the private sector can help farmers boost yields with apps and tools built from information such as crop output, soil quality and land holdings.(HT File)
PM Modi is betting the private sector can help farmers boost yields with apps and tools built from information such as crop output, soil quality and land holdings.(HT File)

Amazon, Microsoft swoop in on billion India farm-data trove

Bloomberg |
UPDATED ON SEP 18, 2021 05:14 AM IST
With the project, Modi is seeking to usher in long-due reforms to make over a 8 billion farm sector that employs almost half of the nation’s 1.3 billion people and accounts for about 18% of Asia’s third-biggest economy.
It is the fifth Indian IT firm and second L&amp;T Group company to achieve the milestone.(Mint)
It is the fifth Indian IT firm and second L&T Group company to achieve the milestone.(Mint)

L&T infotech’s market cap crosses 1 l cr

By Ravindra Sonavane, Livemint, Mumbai
PUBLISHED ON SEP 18, 2021 01:33 AM IST
  • In intraday trade, the stock gained 2% to hit a record high of 5,781 on BSE. At the end of the day’s trade, the scrip settled at 5,712.80, up 0.8% from its previous close.
The new Ola electric scooters displayed at the Ola headquarters in Bangalore(AFP)
The new Ola electric scooters displayed at the Ola headquarters in Bangalore(AFP)

Sold e-scooters worth 1,100 cr in 2 days: Ola

By Tarush Bhalla, Prasid Banerjee, Livemint, Bengaluru/ New Delhi
PUBLISHED ON SEP 18, 2021 01:30 AM IST
  • The company offered its first electric scooter range comprising the S1 and S1 Prog models to customers.
Union power and renewable energy minister Raj Kumar Singh(ANI)
Union power and renewable energy minister Raj Kumar Singh(ANI)

Singh calls out developed world over lack of emissions planning

By , Livemint, New Delhi
PUBLISHED ON SEP 18, 2021 01:21 AM IST
  • Singh said India pledged an emission reduction of 33-35% by 2030. “We have already done 28%, and we will cross the target,” he added.
PE firms use debt in addition to equity capital to make large acquisitions, reducing their overall cost of capital and improving their potential returns while also allowing them to make larger acquisitions.(HT File)
PE firms use debt in addition to equity capital to make large acquisitions, reducing their overall cost of capital and improving their potential returns while also allowing them to make larger acquisitions.(HT File)

Spike in leveraged buyouts amid low interest rates

By Swaraj Singh Dhanjal , Livemint, Mumbai
UPDATED ON SEP 18, 2021 12:47 AM IST
This trend has resulted in a significant shift in the debt market.
Poonawalla said India is nearing a level where there is sufficient stocks to sustain the ongoing nationwide vaccination drive is available.(Reuters File)
Poonawalla said India is nearing a level where there is sufficient stocks to sustain the ongoing nationwide vaccination drive is available.(Reuters File)

‘Vaccine exports may resume by year end’: Poonawalla

By Divya Rajagopal, Livemint, Mumbai
PUBLISHED ON SEP 18, 2021 12:36 AM IST
  • The government banned Covid vaccine exports in April amid the country’s devastating second wave. Covishield is a version of the Covid vaccine co-developed by Oxford University and AstraZeneca Plc.
The telecom operator has to repay <span class='webrupee'>₹</span>9,000 crore worth of loans to banks before the end of this fiscal, including <span class='webrupee'>₹</span>5,000 crore of non-convertible debentures.(HT File)
The telecom operator has to repay 9,000 crore worth of loans to banks before the end of this fiscal, including 5,000 crore of non-convertible debentures.(HT File)

After govt relief, Vodafone set to focus on repayments, funds

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON SEP 18, 2021 12:27 AM IST
  • The annual debt repayment of Vi is likely to be around 6,000 crore over the next two years
Union finance minister Nirmala Sitharaman during the press briefing after the 45th GST Council meeting in Lucknow, Uttar Pradesh, on Friday. (PTI Photo/Nand Kumar)
Union finance minister Nirmala Sitharaman during the press briefing after the 45th GST Council meeting in Lucknow, Uttar Pradesh, on Friday. (PTI Photo/Nand Kumar)

‘Fuel, Swiggy, Covid-19’: Highlights from 1st physical GST Council meet in 2 yrs

Written by Sharangee Dutta | Edited by Poulomi Ghosh, Hindustan Times, New Delhi
PUBLISHED ON SEP 18, 2021 12:14 AM IST
Finance minister Nirmala Sitharaman said that it was decided that life-saving drugs such as Zolgensma, which is used in the treatment of Spinal-Muscular Atrophy, will be exempted from tax if imported for personal use.
Finance minister Nirmala Sitharaman announced the decisions of the GST Council.&nbsp;
Finance minister Nirmala Sitharaman announced the decisions of the GST Council. 

Swiggy, Zomato will collect, pay GST instead of restaurants

By hindustantimes.com | Written by Poulomi Ghosh
PUBLISHED ON SEP 17, 2021 08:49 PM IST
The ministry said this is not a new tax. Only instead of restaurants, the food delivery apps will now collect and pay it.
Finance minister Nirmala Sitharaman chaired the 45th GST Council meeting in Lucknow on Friday.&nbsp;(PTI)
Finance minister Nirmala Sitharaman chaired the 45th GST Council meeting in Lucknow on Friday. (PTI)

Petrol, diesel not under GST. Sitharaman explains why it was discussed

By hindustantimes.com | Written by Poulomi Ghosh
PUBLISHED ON SEP 17, 2021 07:05 PM IST
45th GST council meeting: States have unanimously rejected the proposal of bringing petrol and diesel under GST which will be conveyed to the Kerala high court, finance minister Nirmala Sitharaman said.
Tata Steel, SBI, TCS and Reliance Industries were among the laggards in the sensex pack.
Tata Steel, SBI, TCS and Reliance Industries were among the laggards in the sensex pack.

Sensex drops 125 points to close day in red at 59,016; Nifty ends session at 17,

PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
UPDATED ON SEP 17, 2021 04:51 PM IST
  • Kotak Bank was the top gainer in the Sensex pack, rising over 5 per cent, followed by Bharti Airtel, HDFC Bank, Maruti, Axis Bank and Nestle India.
Union finance minister Nirmala Sitharaman is chairing the meeting. (Twitter@FinMinIndia)
Union finance minister Nirmala Sitharaman is chairing the meeting. (Twitter@FinMinIndia)

GST Council meet begins: Focus on aid for Covid drugs, petrol under tax regime

By hindustantimes.com | Written by Sohini Goswami, New Delhi
PUBLISHED ON SEP 17, 2021 01:44 PM IST
The 45th meeting of the council, chaired by Sitharaman and comprising state finance ministers, is the first physical meeting since the onset of the coronavirus pandemic.
Representational Image. (File photo)
Representational Image. (File photo)

Why World Bank junked its ease of doing business rankings

By Zia Haq, Hindustan Times, New Delhi
UPDATED ON SEP 18, 2021 03:02 AM IST
The rankings have acquired the status of a prestige tag for emerging economies and are a key influencer of wide-ranging policies. External probe points to scam to push China and Saudi Arabia up; implicates former top officials
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Friday, Sep 17, 2021
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Friday, Sep 17, 2021

Indian spot gold rate and silver price on Friday, Sep 17, 2021

By HT Analytics
PUBLISHED ON SEP 17, 2021 10:02 AM IST
Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Friday, Sep 17, 2021
Paras Defence IPO is expected to fetch <span class='webrupee'>₹</span>170.7 crore at the upper end of the price band.&nbsp;(Representative Image)
Paras Defence IPO is expected to fetch 170.7 crore at the upper end of the price band. (Representative Image)

Paras Defence IPO to open on Sep 21. 10 things to know

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON SEP 17, 2021 09:29 AM IST
Paras Defence said that proceeds of the fresh issue would be used to fund capital expenditure requirements, support incremental working capital needs and repayment or prepayment of loans availed by the company.
The GST Council meeting will be chaired by Union finance minister Nirmala Sitharman.&nbsp;(PTI File Photo)
The GST Council meeting will be chaired by Union finance minister Nirmala Sitharman. (PTI File Photo)

GST Council meeting today; may bring diesel, petrol under tax regime

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON SEP 17, 2021 06:57 AM IST
The GST Council may also consider extending the tax concessions on 11 Covid drugs till December 31 and is likely to discuss a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants and levy 5 per cent GST on supplies made by them.
Zomato had launched the pilot grocery delivery service in July this year in select markets offering grocery delivery within 45 minutes to its customers.&nbsp;(File Photo / REUTERS)
Zomato had launched the pilot grocery delivery service in July this year in select markets offering grocery delivery within 45 minutes to its customers. (File Photo / REUTERS)

Zomato to stop grocery delivery from today over ‘gaps in order fulfilment’

Written by Joydeep Bose | Edited by Meenakshi Ray, Hindustan Times, New Delhi
PUBLISHED ON SEP 17, 2021 05:30 AM IST
Zomato, however, has invested USD 100 million (around 745 crore) for acquiring a minority stake in Grofers, an online platform dedicated to grocery delivery.
Ashwini Asokan, co-founder and CEO of Mad Street Den and Geeta Manjunath, founder and CEO of Niramai in conversation with Leslie D’Monte, executive editor, Mint.&nbsp;(Mint Print)
Ashwini Asokan, co-founder and CEO of Mad Street Den and Geeta Manjunath, founder and CEO of Niramai in conversation with Leslie D’Monte, executive editor, Mint. (Mint Print)

‘It is really important to innovate far ahead of time’

By , Livemint, New Delhi
PUBLISHED ON SEP 17, 2021 01:10 AM IST
  • The focus on innovation helped script the success story, entrepreneurs said at the inaugural edition of HT NxT that seeks to identify key emerging industry trends and address the challenges.
The 30-share index climbed 417.96 points or 0.71% to close the day at a record 59,141.16.&nbsp;(Bloomberg)
The 30-share index climbed 417.96 points or 0.71% to close the day at a record 59,141.16. (Bloomberg)

Markets touch record high, Sensex closes in on 60k

By Nasrin Sultana, Livemint, Mumbai
PUBLISHED ON SEP 17, 2021 12:55 AM IST
  • Despite the sharp rally in the past year, analysts said the markets may go even higher.
The MPC framework is aimed at reducing the Reserve Bank of India’s discretion in setting monetary policy.(Mint Print)
The MPC framework is aimed at reducing the Reserve Bank of India’s discretion in setting monetary policy.(Mint Print)

RBI’s independent push to set reverse repo draws flak

By Puja Mehra, Livemint, Mumbai
PUBLISHED ON SEP 17, 2021 12:48 AM IST
  • Two former finance secretaries said the move encroaches on the remit of the MPC
Facebook said it will begin testing the ability for brands to send emails through Facebook Business Suite.(Reuters)
Facebook said it will begin testing the ability for brands to send emails through Facebook Business Suite.(Reuters)

Facebook rolls out new messaging, business tools for brands

Reuters |
PUBLISHED ON SEP 16, 2021 11:14 PM IST
Businesses will now be able to add a button on their Instagram profiles to let people send a WhatsApp message to the company with one click.
In tomorrow's GST council meeting the tax rate of over four dozen items will be reviewed
In tomorrow's GST council meeting the tax rate of over four dozen items will be reviewed

GST council meeting tomorrow; Kerala, Maharashtra to oppose petrol, diesel GST

By hindustantimes.com | Edited by Poulomi Ghosh
PUBLISHED ON SEP 16, 2021 09:13 PM IST
Apart from taxing petrol and diesel under GST, a proposal to consider Zomato and Swiggy as restaurants and levy a 5% GST on their services would be taken up by the meeting.
Leslie D'Monte (Tech Editor, Mint) in coversation with Ashwini Asokan (top right)- Co founder and CEO of Mad Street Den and Dr Geetha Manjunath (bottom right)- Founder and CEO of Niramai(Screengrab)
Leslie D'Monte (Tech Editor, Mint) in coversation with Ashwini Asokan (top right)- Co founder and CEO of Mad Street Den and Dr Geetha Manjunath (bottom right)- Founder and CEO of Niramai(Screengrab)

How to create a successful startup? Learn from these women entrepreneurs

By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON SEP 16, 2021 06:08 PM IST
HT NxT, a thought leadership programme, is being held virtually for the first time. The theme for the inaugural year is 'Leading the change'.
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