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Tax rise for high earners may trigger fund flight from India: Bimal Jalan

Finance Minister Nirmala Sitharaman, in her budget this month, raised taxes on people earning more than Rs 1 crore a year to at least 42.7%.

SBI tightens lending terms for auto dealers as sector sees downturn: Source

As part of the revised terms, the country's largest bank by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral

Sebi proposes tighter disclosure rules for proxy advisors to avoid conflict

Although limited in their presence in India, proxy advisors, which provide research to institutional investors, are a fixture in western markets

100,000 villages to bite into Cadbury as rural India develops taste for it

Illinois-based Mondelez, India's No.1 chocolate maker, said "the big bulk" of a $150 million increase in global investment this year - the first hike in five years - will be in rural India

Malaysia's Petronas, Japan's JXTG may buy stake in Bina refinery: Report

The Bina plant in central India, capable of processing 156,000 barrels per day (bpd) of crude oil, is operated by Bharat Oman Refineries Ltd

CGF hopes to talk India out of 2022 Birmingham Commonwealth Games boycott

In absence of shooting, which is an optional sport for host cities, India could slip to anywhere between fifth and eighth place in 2022, according to IOA estimates

BJP protests over worker deaths paralyse work at Coal India mines in Odisha

The BJP workers have been staging sit-down protests and waving flags at state-run Coal India Ltd's mines in Odisha, demanding a safety audit of all mines in the region

Grocery startup Bigbasket gets Rs 100 cr venture debt from Trifecta Capital

Bigbasket, which competes with Walmart Inc-owned Flipkart and Amazon.com Inc, will use the fresh funds to set up warehouses and boost its cold chain

India bond yields drop as FM says govt won't rethink foreign bond plan

India's benchmark 10-year bond yield fell as much as 11 bps to 6.42% on FM Sitharaman's comments

India's renewable energy cost is lowest in Asia Pacific: WoodMac report

India's levelised cost of electricity using solar photovoltaic has fallen to $38 per megawatt hour this year, 14% cheaper than coal-fired power

Mondelez plans to enter 100,000 villages as rural India feasts on chocolate

Last year, chocolate sales in India jumped 15.4% after the government, keen to win re-election, overhauled its national sales tax for many items

India firms up threat to boycott Commonwealth Games for shooting exclusion

Indian Olympic Association (IOA) president Narinder Batra has written a letter to sports minister Kiren Rijiju seeking a meeting to explain the "proposed boycott"

China says all parties at Vienna meeting aim to safeguard nuclear deal

Britain, France, Germany, Russia, China, the EU and Iran - met for emergency talks in Vienna

'Pilgrimage tourism': Govt boosts Amarnath Yatra in conflict-torn Kashmir

Amarnath Cave, covered by snow almost all year round, contains an ice stalagmite that is considered a physical manifestation of Lord Shiva, a Hindu god

FM Sitharaman rules out rethinking on overseas sovereign bonds: report

The proposal has been criticised by former heads of the Reserve Bank of India, economists and allies of the ruling BJP

Musk's Boring Co raises $117 mn in latest funding round from 20 investors

In the past, Musk has sold Boring Co's hats and flamethrowers to raise funds

London Stock Exchange in talks to buy Blackstone's Refinitiv for $27 bn

LSE and Thomson Reuters both cautioned that there is no certainty that discussions between the parties will progress or that a transaction will be forthcoming

Sanofi ends partnership with Lexicon to develop add-on pill for diabetes

Shares of Lexicon fell nearly 40% in extended trading

Alphabet, Starbucks earnings drive S&P 500 and Nasdaq to record highs

GDP data further solidified wide expectations that the US Federal Reserve will cut interest rates at its policy meeting next week

China's industrial profits fall in June, add to fears of slowdown

Economic growth in the second quarter slowed to a near 30-year low