Reporter News - IBJ Bureau
Byju’s auditor BDO quits over “inadequate support to...
- Sep 08, 2024
Education technology (edtech) company Byju’s auditor BDO Global has resigned after the startup did not provide documents requested following the...
GTRI cautions about perils of Chinese investments turning...
- Sep 07, 2024
Policy think-tank Global Trade Research Initiative (GTRI) has cautioned India to guard itself from becoming an “electric vehicle (EV) colony” for...
India, Singapore sign MoU on chips, companies commit to $60...
- Sep 06, 2024
India and Singapore on Thursday elevated their ties to a comprehensive strategic partnership and inked four MoUs, including one on cooperation in the...
RIL wins bid to make EV batteries under PLI scheme, plans...
- Sep 05, 2024
Reliance Industries has won a bid under the Production-Linked Incentive (PLI) scheme that supports electric vehicle (EV) battery production, a...
Defence Ministry’s nod for Rs 1,44,716-crore, 10 capital...
- Sep 04, 2024
The Defence Ministry on Tuesday approved the procurement of future-ready combat vehicles (FRCVs) for modernisation of the Army's tank fleet and air...
AT THE HELM - Ratan Kumar Kesh , MD and CEO, Bandhan Bank
- Sep 03, 2024
It is a little over a month since Ratan Kumar Kesh took over as interim managing director (MD) and chief executive officer (CEO) of Bandhan Bank....
SEBI puts on hold JSW Cement’s Rs 4,000-crore IPO without...
- Sep 03, 2024
Capital markets regulator SEBI has put on hold the proposed Rs 4,000-crore initial public offer (IPO) of JSW Cement.Without specifying reasons, the...
Norms for dividend, bonus and share buyback of CPSEs set to...
- Sep 02, 2024
The government is working to amend its 2016 guidelines with regard to dividend payment, bonus issues and share buyback by Central public sector...
Japanese government faces uphill task as it urges companies...
- Sep 01, 2024
Japan – a nation so hardworking that its language has a term for literally working oneself to death – is trying to address a worrisome labour...
Q1 FY25 GDP growth slows to 15-month low at 6.7% on poor...
- Aug 31, 2024
India’s economic growth slowed to a 15-month low of 6.7 per cent in April-June 2024-25 (Q1 FY25), mainly due to poor performance of agriculture and...
From Jio Brain to Jio Phonecall AI, Mukesh Ambani unveils...
- Aug 30, 2024
Reliance Industries (RIL) Chairman Mukesh Ambani outlined ambitious plans for his widely-diversified business conglomerate, touching upon retail,...
Disney-Reliance $8.5-bn merger to create India’s biggest...
- Aug 29, 2024
Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5-billion merger of their Indian media assets after assuaging regulatory...
Zee, Sony settle merger dispute, drop all claims, agree to...
- Aug 28, 2024
Zee Entertainment Enterprises and Sony Pictures Networks India on Tuesday said that they had settled their six-month-long dispute related to the...
Aeron Composite lines up Rs Rs 56.10-crore IPO; issue opens...
- Aug 28, 2024
Ahmedabad-based Aeron Composite, a leading company engaged in manufacturing and supply of fibre-glass-reinforced polymer products, is planning to...
June quarter growth to slip amid subdued manufacturing,...
- Aug 27, 2024
Economists at the country’s largest lender, State Bank of India (SBI) on Monday joined other watchers forecasting a slip in the economic growth and...
Infosys CEO Salil Parekh reveals that IT company is eyeing...
- Aug 26, 2024
After two acquisitions this year, India’s second-largest IT services company Infosys is on the lookout to scoop up more firms. The company adds...
Chevron lines up Rs 8,300 crore to set up engineering...
- Aug 25, 2024
Chevron, a global leader in providing energy solutions, on Saturday announced an investment of Rs 8,300 crore to set up its Engineering and...
SEBI bars Anil Ambani, 24 others from stock market for...
- Aug 24, 2024
Markets regulator SEBI has barred industrialist Anil Ambani, 24 other entities, including former key executives of Reliance Home Finance, from the...
Chanel acquires a 25% stake in quirky, high-end Swiss...
- Aug 23, 2024
Chanel has bought a 25 per cent stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house has said....
Paytm to sell entertainment ticketing business to Zomato...
- Aug 22, 2024
Food delivery platform Zomato said on Wednesday that it would acquire the movie and events ticketing businesses of digital payments firm Paytm for a...
Bombay High Court sets aside Rs 2,237-crore GST demand...
- Aug 21, 2024
Larsen & Toubro (L&T) said on Tuesday that the Bombay High Court quashed a Rs 2,237-crore GST demand raised against the company.“The...
Finance Minister Sitharaman urges PSBs to hold special...
- Aug 20, 2024
Union Finance Minister Nirmala Sitharaman chaired a meeting on Monday to review the performance of public sector banks (PSBs) on their financial...
Foxconn CEO Young Liu keen on setting up battery storage...
- Aug 19, 2024
Taiwanese electronics manufacturing company Foxconn is working on plans to set up a battery energy storage system (BESS) unit in India, its Chairman...
India ready to explore ways to collaborate more with IMF,...
- Aug 18, 2024
India was open to “exploring more ways” to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala...
Over Rs 33,700-crore metro, airport projects get the Union...
- Aug 17, 2024
The Union Cabinet has approved expansion of metro corridors in Bengaluru, Pune and Thane and construction of new terminals at the airports in Bihta...
Financial constraints stall about 2,000 housing projects...
- Aug 16, 2024
Nearly 2,000 housing projects comprising 5.08 lakh units are stalled across 42 cities in the country, mainly due to financial mismanagement by...
Mining companies brace for Rs 2-l cr burden as States...
- Aug 15, 2024
A nine-judge Constitution bench of the Supreme Court on Wednesday delivered a crucial judgment on tax on mining companies, ruling that States could...
CCI recalls Apple’s anti-trust probe reports as latter...
- Aug 14, 2024
The Competition Commission of India (CCI) has ordered an unusual recall of reports of an investigation that had found that Apple had breached...
LIC lines up Rs 1.30 lakh crore of investments in stock...
- Aug 12, 2024
Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around...
Hindenberg accuses SEBI chief of Adani link, she flays US...
- Aug 11, 2024
Hindenburg Research has accused Securities and Exchange Bureau of India (SEBI) chief Madhabi Buch and her husband of having held “stakes in both...
Good rains, higher output likely to slash FY25 pulses...
- Aug 10, 2024
India’s import of pulses may decline to around 45 lakh tonnes this financial year from 47.38 lakh tonnes in the previous year, as a good monsoon is...
RBI leaves Repo Rate unchanged for the ninth time in a row...
- Aug 09, 2024
The Reserve Bank of India (RBI) on Thursday kept key policy Repo Rate unchanged at 6.5 per cent for the ninth consecutive meeting. The central bank...
Reliance bets on green energy and telecom to surge to the...
- Aug 08, 2024
Reliance Industries (RIL) is ready for the next level of growth as its green energy projects get ready to deliver and telecom business Jio’s...
After widespread criticism, govt eases LTCG Tax on realty...
- Aug 07, 2024
The Union government has relaxed new property tax rules it had proposed in the recent Union Budget just two weeks ago. The Long-Term Capital Gains...
Calcutta High Courts restrains Parle Products from selling...
- Aug 06, 2024
SAJ Food Products, which manufactures the Bisk Farm brand of biscuits, announced on Monday that the Calcutta High Court had granted an...
TRAI’s new quality of services rules will add to...
- Aug 05, 2024
The Cellular Operators’ Association of India (COAI) has said that the new quality of services (QoS) rules notified by the Telecom Regulatory...
German economist Martin Qaim notes that hunger-free world...
- Aug 04, 2024
United Nations’ (UN) goal of creating a hunger-free world by 2030 most likely would not be achieved, an eminent German agriculture economist said...
The SC verdict letting States to tax mining has...
- Aug 03, 2024
Last month, a nine-judge Constitution Bench of the Supreme Court ruled that States can tax mineral rights and mineral-bearing lands. The apex court...
GST mop-up in July rises by 10.3% year on year to Rs 1.82...
- Aug 02, 2024
Gross Goods and Services Tax (GST) collection in July rose by 10.3 per cent to Rs 1.82 lakh crore as against Rs 1.65 lakh crore in the corresponding...
Toyota inks pact with Maharashtra to set up Rs 20,000-crore...
- Aug 01, 2024
Toyota Kirloskar Motor (TKM) has signed an agreement with the Maharashtra government to manufacture electric and hybrid cars, Deputy Chief Minister...
SEBI unveils new measures to check volatility in F&O trade...
- Jul 31, 2024
Capital markets regulator Securities and Exchange Board of India (SEBI) has proposed new measures in an attempt to protect investors and maintain...
Filatex Fashions’ mining subsidiary wins export order...
- Jul 31, 2024
Filatex Mines and Minerals, the mining subsidiary of Filatex Fashions, has received an export order worth Rs 293 crore for supply of 2,97,388 tonnes...
SEBI’s discussion paper widens net of “connected...
- Jul 30, 2024
Markets regulator Securities and Exchange Board of India (SEBI) has proposed stricter rules to restrict insider trading by bringing more people who...
UltraTech buys out India Cements’ promoters’ stake for...
- Jul 29, 2024
In a significant move, board of directors of UltraTech Cement has approved the purchase of a 32.72 per cent equity stake in India Cements from its...
G20 labour ministers’ meet stresses on formalisation of...
- Jul 28, 2024
G20 Labour and Employment Ministerial declaration, approved by member countries, has emphasised on the need for governments to develop and support...
OpenAI unveils SearchGPT, an AI-powered search engine, to...
- Jul 27, 2024
OpenAI is venturing into a territory long dominated by Google with the selective launch of SearchGPT, an artificial intelligence (AI)-powered search...
Star HFL’s PBT and PAT almost double for Q1 of FY25; AUM...
- Jul 27, 2024
Star Housing Finance (Star HFL), a BSE-listed company focused on semi-urban and rural home finance, has reported strong business and financial...
Mankind’s Rs 13,530-cr purchase of Bharat Serums to boost...
- Jul 26, 2024
Drug-maker Mankind Pharma said late on Thursday that it would acquire Bharat Serums and Vaccines in a deal valued at around Rs 13,630 crore,...
71% of intraday traders in equity cash market made losses...
- Jul 25, 2024
A study by market regulator SEBI shows that seven out of 10 individual intraday traders in the equity cash segment made losses in 2022-23.At the same...
Union Budget pegs fiscal deficit lower at 4.9%, moots...
- Jul 24, 2024
Finance Minister Nirmala Sitharaman on Tuesday presented the Budget for 2024-25, her seventh straight presentation surpassing the record of former...
Economic Survey 2023-24 pegs real GDP growth for FY25 at...
- Jul 23, 2024
Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament. The survey projects FY25 real GDP growth at 6.5 to 7...
Lack of access to raw materials deeply impacts Indian...
- Jul 22, 2024
India’s garment exports in 2023-24 at $14.5 billion were lower than what was achieved in 2013-14. It is not competition in world markets, but lack...
Uttar Pradesh government sets up dedicated country desks to...
- Jul 22, 2024
Three dedicated country desks have been established at Invest UP, the investment promotion and facilitation agency of the UP government, to...
8.5 million Microsoft devices bear the brunt of software...
- Jul 21, 2024
A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices, Microsoft...
OVL inks $60-million deal to raise stakes in Azerbaijan...
- Jul 20, 2024
ONGC Videsh (ONGC) has signed a $60-million deal with Norwegian energy giant Equinor to raise its stake in the offshore Azeri Chirag Gunashil (ACG)...
Warner Bros Discovery mulls separating streaming and studio...
- Jul 19, 2024
Warner Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its...
18 lakh jobs in financial sector lying vacant due to lack...
- Jul 18, 2024
A top official of the Financial Planning Standards Board (FPSB) India has said that India is facing an issue of unemployability in the financial...
Byju’s set for insolvency process as NCLT admits BCCI...
- Jul 17, 2024
The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted a plea from the Board of Control for Cricket in India (BCCI) to initiate...
HUL to sell Pureit business to AO Smith India Water...
- Jul 16, 2024
Hindustan Unilever (HUL) on Monday announced that it would sell its Pureit business in India to AO Smith India – a leading global water technology...
Indian Oil launches high-octane gasoline STORM-X to fuel...
- Jul 15, 2024
Indian Oil has announced inaugural despatch of STORM-X, a high-octane gasoline specifically formulated for racing cars. The first delivery was from...
Tier-I cities are the hub of blue-collar gig employment...
- Jul 14, 2024
With a rise in gig economy, tier-I cities have led in short-term, blue-collar employment opportunities, accounting for 67.1 per cent openings from...
Costly vegetables, fruits and cereals push CPI inflation up...
- Jul 13, 2024
Retail inflation rose to four-month high of 5.08 per cent in June. The Consumer Price Index (CPI)-based inflation was pushed up by a further spurt in...
State governments’ bond issues see big surge, account for...
- Jul 12, 2024
An estimated redemption of State government securities (SGS) of Rs 21 lakh crore during FY26-30 and Rs 18 lakh crore during FY31-35 will likely bloat...
Under regulatory lens, Microsoft, Apple abandon board seats...
- Jul 11, 2024
Microsoft and Apple have dropped plans to take board roles at OpenAI in a surprise decision that underscores growing regulatory scrutiny of Big...
RRP S4E secures exclusive rights for assembly of...
- Jul 11, 2024
RRP S4E Innovation, an Indian defence company specialising in electro-optic solutions, has partnered with Meprolight Israel for in-country assembly...
India set to line up Rs 9,000 crore for 12 hydropower...
- Jul 10, 2024
India plans to spend $1 billion to expedite construction of 12 hydropower stations in Arunachal Pradesh, two government sources have said. The...
Labour Ministry rejects Citi’s jobs report, stresses that...
- Jul 09, 2024
Refuting a Citigroup report on India’s job condition, the Union Labour Ministry said on Monday that the official data sources showed consistent...
Horiba India sets up medical equipment manufacturing...
- Jul 08, 2024
Horiba India, a group company of Japan’s Horiba, has inaugurated its state-of-the-art medical equipment and consumables manufacturing facility in...
JM Financial to consolidate debt and distressed credit...
- Jul 07, 2024
JM Financial (JMFL) has announced plans to consolidate its holdings in the wholesale debt syndication and distressed credit sectors under a single...
AT THE HELM - Sanjiv Puri, President, Confederation of...
- Jul 06, 2024
In mid-May, ITC Chairman and Managing Director Sanjiv Puri took over as president of the Confederation of Indian Industry (CII) for 2024-25. Mr...
OpenAI’s design details hacked in 2023, but to no...
- Jul 06, 2024
A hacker had gained access to internal messaging systems at OpenAI last year and stolen details about the design of the company’s artificial...
New policy in the works to push shipbuilding industry up...
- Jul 05, 2024
The government will come up with a new shipbuilding and ship repair policy soon to make India among the top-10 countries in the sector by 2030 and...
Stocks surge to all-time highs amid concerns of a bubble,...
- Jul 04, 2024
The Stock market is on a roll, with benchmark indices surging to record highs quite often. Late last month, BSE Sensex had breached yet another...
RBI puts out draft paper to rationalise export and import...
- Jul 03, 2024
The Reserve Bank of India (RBI) has proposed rationalisation of norms governing export and import transactions to promote ease of doing business and...
Australian bank ANZ rapped for charging fees from dead...
- Jul 02, 2024
Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to their representatives within a...
Boeing to acquire key supplier Spirit AeroSystems for $4.7...
- Jul 01, 2024
Boeing will be buying Spirit AeroSystems in a $4.7-billion, all-stock deal following months of talks, as it tries to resolve a sprawling corporate...
India’s total exports set to hit $800 billion despite...
- Jun 30, 2024
India’s goods and services exports are expected to cross $800 billion during this financial year despite global challenges, Commerce and Industry...
Huge inflows seen in debt market as G-Secs join JP...
- Jun 29, 2024
Government securities (G-Secs) on Friday officially joined JP Morgan’s Government Bond Index-Emerging Market (GBI-EM). The inclusion in the index...
MSME entrepreneurs playing a key role in taking UP economy...
- Jun 28, 2024
Chief Minister Yogi Adityanath said on Thursday that Uttar Pradesh was home to over 90 lakh micro, small and medium enterprise (MSME) units. In 2017,...
SEBI changes rules for inclusion of stocks in F&O, relaxes...
- Jun 28, 2024
The Securities and Exchange Board of India (SEBI) on Thursday tweaked selection criteria for futures and options (F&O) stocks. The market...
Spectrum auction ends in two days by garnering mere Rs...
- Jun 27, 2024
An auction of radio waves that carry voice and data signals for mobile phones ended within two days on Wednesday, garnering less than 12 per cent of...
E-rupee transactions slip to 1 lakh per day from 10 lakh in...
- Jun 26, 2024
Use of digital currency in the country, the e-rupee, has slumped to just a tenth of the peak hit in December 2023, four sources have said, reflecting...
Current account in March 2024 quarter turns surplus at $5.7...
- Jun 25, 2024
India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March 2024 quarter, the Reserve Bank of India (RBI) said on...
ONGC seeks partners for Deen Dayal field amid poor gas...
- Jun 24, 2024
After spending close to $1.2 billion and seven years of little success, State-owned Oil and Natural Gas Corporation (ONGC) is seeking partners to...
Interest, penalty on GST demand between FY18 and FY20 waived
- Jun 23, 2024
In a significant announcement, the 53rd GST Council meeting held on Saturday recommended waiving interest and penalties if tax is paid by March 31,...
Four Hinduja family members sentenced to prison term for...
- Jun 22, 2024
Four members of the affluent Hinduja family were sentenced by a Swiss criminal court on Friday to prison terms ranging from four to 4.5 years for...
Avaada signs green ammonia offtake MoU with Mysore Ammonia
- Jun 22, 2024
The Avaada Group, a leading sand-to-molecule company, has announced the signing of an MoU with Mysore Ammonia, a prominent ammonia distributor and...
Rising demand turns India from net exporter to net importer...
- Jun 21, 2024
In a shift from its status as a net exporter of steel since FY17, India has become a net importer in FY24. The country recorded an overall steel...
Rs 76,200-cr Vadhavan port gets Cabinet nod, to be among...
- Jun 20, 2024
The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore, all-weather, greenfield, deep-draft major port in Vadhavan in...
Vodafone’s 10% stake sale in Indus Towers may fetch it...
- Jun 19, 2024
The Vodafone Group is all set to sell about 10 per cent stake in Indus Towers for as much as $1.1 billion as a part of its efforts to repay...
PwC India sees a big jump in M&As in small- and mid-size...
- Jun 17, 2024
PwC India anticipates an upswing in the Indian markets, especially in small- to mid-size merger and acquisition (M&A) transactions and growth...
Hyundai Motor India files papers for Rs 25,000-cr IPO,...
- Jun 16, 2024
Hyundai Motor India, the Indian arm of South Korean automaker Hyundai and second-largest car-maker by sales, has filed draft IPO papers with market...
Vodafone mulls selling its entire $2.3-billion stake in...
- Jun 15, 2024
The Vodafone Group is looking to sell its entire $2.3-billion stake in Indus Towers through stock market block deals next week, two sources with...
Gorakhpur Link Expressway to be opened for traffic by the...
- Jun 14, 2024
The Yogi Adityanath government, committed to enhancing road connectivity in Uttar Pradesh, will fully open the Gorakhpur Link Expressway to traffic...
With Rs 10,422-crore Penna deal, Adani Group eyes topmost...
- Jun 14, 2024
Adani Group company Ambuja Cements Ltd acquiring Penna Cement Industries (PCIL) for Rs 10,422 crore.The Adani Group’s announcement comes amid...
ICRA top executive sees PLI Scheme getting Rs 4-l cr...
- Jun 13, 2024
Production-Linked Incentive (PLI) Scheme is expected to attract investments of around Rs 4 lakh crore in the next four years and generate 2,00,000...
IBBI floats discussion paper to simplify forms, cut...
- Jun 12, 2024
The Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper on reducing compliance by reviewing forms submitted in the...
Cognizant Technologies buys Belcan for $1.3 billion, sees...
- Jun 11, 2024
Information technology services provider Cognizant Technologies said on Monday that it had agreed to acquire digital engineering company Belcan for...
Maruti makes up nearly 70% of India’s passenger vehicle...
- Jun 10, 2024
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years, with Maruti Suzuki India accounting for nearly 70 per...
Bajaj Housing Finance files papers for Rs 7,000-cr IPO to...
- Jun 09, 2024
Bajaj Housing Finance has filed preliminary papers with capital markets regulator SEBI to raise Rs 7,000 crore through an initial public offer...
Repo Rate unchanged at 6.5%, FY25 GDP growth estimate hiked...
- Jun 08, 2024
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), which had kick-started its meeting on Wednesday, kept the Repo Rate unchanged at...
EU leads big economies in rate cut as ECB slashes policy...
- Jun 07, 2024
The European Union (EU) has become the second major global economy to cut its lending rate this week, saying that it had made progress in tackling...
Despite flying high, Indian airlines’ losses set to widen...
- Jun 06, 2024
Domestic airlines are likely to widen losses to between $400 million and $600 million in FY25 despite a likely rise in traffic, aviation consulting...
SJVN’s 900-mw Arun-3 hydroelectric project in Nepal to go...
- Jun 05, 2024
SJVN expects its under-construction 900-mw Arun-3 hydroelectric project in Nepal to start power generation from next year as nearly three-fourths of...
NCLT begins insolvency proceedings against Jaiprakash...
- Jun 04, 2024
The National Company Law Tribunal (NCLT) on Monday directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates (JAL),...
RBI may not cut Repo Rate at June 7 MPC meet amid high...
- Jun 03, 2024
The Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon...
GST collections for May rise by 10% at Rs 1.73 l cr, driven...
- Jun 02, 2024
India’s Goods and Services Tax (GST) collections for May 2024 came in at Rs 1.73 lakh crore, up by 10 per cent year-on-year. The growth in mop-up...
Q4 GDP growth slows to 7.8%, but economy in FY24 expands by...
- Jun 01, 2024
India’s economic growth slowed to a four-quarter low of 7.8 per cent in the January-March 2024 period. But it pushed the annual growth rate for...
RBI permits rupee accounts outside India to...
- May 31, 2024
The Reserve Bank of India (RBI) on Thursday allowed opening of rupee accounts outside India as a part of its strategic action plan to...
India’s food safety regulations and enforcement still...
- May 30, 2024
Nine years ago, Maggi hit the headlines for all the wrong reasons. The popular noodle brand of Nestle India was found to have contained MSG...
RBI launches 3 initiatives – PRAVAAH portal, Retail...
- May 29, 2024
The Reserve Bank of India (RBI) on Tuesday launched three major initiatives – the PRAVAAH portal, a Retail Direct mobile application, and a FinTech...
Wanderlust Indians splurge over half of overseas spending...
- May 28, 2024
Indians have spent a record $31.7 billion under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS) in FY24, an increase of 17...
BharatPe, PhonePe settle trademark dispute over suffix Pe...
- May 27, 2024
Fintech unicorns BharatPe and PhonePe on Sunday announced that they had amicably settled all long-standing legal disputes pertaining to use of...
EaseMyTrip CEO Nishant Pitti opts out of the bid for...
- May 26, 2024
More than three months after jointly bidding for Go First, travel portal EaseMyTrip’s CEO Nishant Pitti on Saturday said that he was withdrawing...
Google’s $350-mn investment in Flipkart is set to aid...
- May 25, 2024
Google is investing nearly $350 million in Flipkart, becoming the latest high-profile name to back the Walmart-owned Indian e-commerce startup.The...
Despite strained relations, Maldives set to launch...
- May 24, 2024
Notwithstanding the turbulence in their bilateral ties, Maldives will soon launch India’s RuPay service, which a senior minister has said “will...
RBI’s nod for surprise, record Rs 2.11-lakh crore...
- May 23, 2024
The board of the Reserve Bank of India (RBI) on Wednesday approved a record surplus transfer of Rs 2.11 lakh crore to the government for the...
BSE-listed companies hit m-cap of $5 trillion, mainly...
- May 22, 2024
BSE-listed companies’ total market capitalisation (m-cap) crossed the $5-trillion mark on Tuesday for the first time, following a run-up in mid-...
Strict guidelines out to check EtO contamination in spices...
- May 21, 2024
India has come out with detailed guidelines to prevent EtO contamination in spices for exports, an official has said. EtO is ethylene oxide, a...
PNB Housing eyes 17% rise in loan book in FY25 with focus...
- May 20, 2024
PNB Housing Finance aims to grow its portfolio by 17 per cent during the current financial year on the back of an increase in branch network and...
OYO withdraws IPO papers, to re-file IPO documents after a...
- May 19, 2024
Softbank-backed OYO is set to re-file its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up...
15 members, including Adani, in global super-rich club of...
- May 18, 2024
The world’s super-rich club now has 15 members with fortunes over $100 billion, the most on record, as they ride the waves of artificial...
Zoho mulls foray into chipmaking, seeks incentives for...
- May 17, 2024
Zoho was planning a foray into chipmaking and seeking incentives from the Central government, two sources with direct knowledge of the proposal said...
Urban unemployment rate in Q4 of FY24 dips marginally to...
- May 16, 2024
Unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year...
OpenAI’s new model, ChatGPT4o, is straight out of sci-fi...
- May 15, 2024
ChatGPT-maker OpenAI has released a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image....
Shriram selling housing finance subsidiary to Warburg for...
- May 14, 2024
Financial services company Shriram Finance will sell its housing finance arm to private equity major Warburg Pincus for Rs 4,630 crore. This is...
FMCG companies see volume growth in FY25, aided by normal...
- May 13, 2024
Leading fast-moving consumer goods (FMCG) companies expect volume-led growth in FY25, with a revival in consumption supported by a lower inflationary...
Ola to move business from Microsoft to Krutrim amid...
- May 12, 2024
Ola founder and CEO Bhavish Aggarwal on Saturday said that his company had decided to move its entire workload out of Microsoft Azure to its own...
India stares at highest power deficit in 14 years in June...
- May 11, 2024
India is projecting its biggest power shortfall in 14 years in June after a slump in hydropower generation, the government has said. Stepping up...
AI Express’ cabin crew members end stir, airline...
- May 10, 2024
Cabin crew of Air India Express (AI Express) withdrew their strike on Thursday evening after the airline agreed to look into issues raised by them,...
Tata Power’s FY25 capex of Rs 20,000 crore slotted for...
- May 09, 2024
Tata Power has planned a 66 per cent higher capital expenditure (capex) of Rs 20,000 crore in this financial year compared to the capex a year ago....
Australian chickpea price surge after India suspends Import...
- May 08, 2024
Australian desi chickpea prices rose sharply after India suspended tariffs on imports recently, opening the door to a revival of a trade...
AT THE HELM - B Muralikrishnan, President, Xiaomi India
- May 06, 2024
2023 was quite an eventful year for Xiaomi India. Early that year, the Indian subsidiary of the Chinese smartphone-maker was dislodged from the top...
Credit flow to housing sector surges by Rs 10 l cr in the...
- May 06, 2024
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two financial years to reach a record Rs 27.23 lakh crore in...
Ahead of polls, onion export ban lifted with MEP and Export...
- May 05, 2024
The government on Saturday lifted the ban on onion exports, subject to a minimum export price of $550 per tonne. This decision can help boost income...
Sony and Apollo launch $26-billion, cash-and-debt offer for...
- May 04, 2024
Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it...
RBI’s actions against regulated entities are aimed at...
- May 03, 2024
Kotak Mahindra Bank is the latest financial institution to come under the Reserve Bank of India’s (RBI) lens. The central bank’s recent directive...
FY25 begins on a robust note as April GST collection hits...
- May 02, 2024
Goods and Services Tax (GST) collection in gross terms hit a record high in April 2024 at Rs 2.10 lakh crore. This represents a 12.4 per cent...
Core sector grows slower by 5.2% in March s against 7.1% in...
- May 01, 2024
Eight core sectors posted growth of 5.2 per cent in March, according to data released by the Ministry of Commerce and Industry on Tuesday.Though the...
Ola Cabs to lay off 10% of staff, CEO Hemant Bakshi calls...
- Apr 30, 2024
Ola Cabs CEO Hemant Bakshi has quit just four months after joining the company. The development comes at a time when the company is planning a...
The ePlane Company readying prototype flying e-taxi by...
- Apr 29, 2024
Chennai-based startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi (e-taxi) by March next year as it works...
Centre’s nod for 99,150 mt of onion exports to six...
- Apr 28, 2024
The Central government has allowed export of 99,150 mt of onion to six countries – Bangladesh, the UAE, Bhutan, Bahrain, Mauritius and Sri...
RBI lays down criteria for small finance banks to transform...
- Apr 27, 2024
The Reserve Bank of India (RBI) on Friday released a set of criteria that small lenders need to achieve, including performance metrics and market...
BHP Group set to review $39-billion takeover offer for...
- Apr 26, 2024
Anglo American’s management does not consider a proposed $39-billion takeover offer from the BHP Group attractive, two sources have told...
RBI bars Kotak Bank from on-boarding new customers, issuing...
- Apr 25, 2024
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease on-boarding new customers through its online and mobile banking channels...
Microsoft’s lightweight Phi-3 AI model is lighter on the...
- Apr 24, 2024
Microsoft on Tuesday launched a lightweight artificial intelligence (AI) model, as it looks to attract a wider client base with cost-effective...
SEBI finds offshore investors of Adani companies flouting...
- Apr 23, 2024
Markets regulator found that a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of...
IRDAI scraps age limit of 65 for health cover, move set to...
- Apr 22, 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age limit of 65 years for individuals buying health insurance...
Elon Musk puts off India visit, citing pressing commitments...
- Apr 21, 2024
Billionaire Elon Musk, the head of Tesla and SpaceX, on Saturday pushed back his much-anticipated visit to India, originally slated for April 21 and...
Government open to selling minority stakes in GIC, LIC in...
- Apr 20, 2024
The government is open to a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in...
