Dubai-based family offices controlling over $1 trillion in...

• Nov 21, 2024

Dubai’s financial hub is now home to family offices that control over $1 trillion in assets, driven by an influx of high net-worth individuals (HNIs) over the past few years.“Family businesses...

Adani Infra snaps up 30.07% stake in PSP Projects for Rs...

• Nov 20, 2024

Adani Infra will purchase a 30.07 per cent stake in construction firm PSP Projects for Rs 685 crore, the latter has said.Adani Infra, owned by a unit of billionaire Gautam Adani’s flagship Adani...

Urban unemployment rate for September FY25 quarter...

• Nov 19, 2024

Unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National Sample Survey Organisation (NSSO).Joblessness or...

More problems for Nvidia’s Blackwell AI chips with...

• Nov 18, 2024

Nvidia’s new Blackwell AI chips, which have already faced delays, have encountered problems with accompanying servers that overheat, causing some customers to worry that they will not have enough...

Invested $20 bn in manufacturing, eyeing first or second...

• Nov 17, 2024

The Aditya Birla Group had invested about $20 billion, mainly in manufacturing sector, as it looked to be among the top-two players across the segments it operates in, Aditya Birla Group Chairman K...

Unilever to slash fewer jobs in Europe, restore some...

• Nov 16, 2024

Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its cost-cutting drive, for its soon-to-be spun off ice...

RBI Governor Das warns of inflation returning and growth...

• Nov 15, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday spoke about the central bankers’ perennial dilemma – doing ‘too little or too late’ versus ‘too much or too early’....

Swiggy gains 16.92% at close of its market debut as Sensex,...

• Nov 14, 2024

Swiggy gained 16.92 per cent at close on its market debut on Wednesday. The food tech unicorn bucked the broader market trend, with benchmark indices Sensex and Nifty slipping by over 1 per cent on...

Costly food pushes CPI inflation up to 6.21% in October...

• Nov 13, 2024

Retail inflation breached the Reserve Bank of India’s upper tolerance level, soaring to a 14-month high of 6.21 per cent in October, mainly on account of rising food prices. Inflation based on...

RBI, SEBI unveil framework for reclassifying excess FPI...

• Nov 12, 2024

The Reserve Bank of India (RBI) on Monday issued an operational framework for reclassification of investment made by a foreign portfolio investor (FPI) to foreign direct investment (FDI) if the...

A new credit guarantee scheme for MSMEs set to be launched,...

• Nov 11, 2024

Union Finance and Corporate Minister Nirmala Sitharaman has said that the Ministry of Micro, Small and Medium Enterprises (MSMEs) will get collateral-free loans of up to Rs 100 crore through a new...

Air India Express spreads wings, aims to reach 55...

• Nov 10, 2024

Air India Express is expanding its network and leveraging synergies within the Air India Group to enhance connectivity between smaller cities and towns and major metros. The Tata Group-owned airline...

LIC will decide on buying stake in health insurer in FY25:...

• Nov 09, 2024

Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the State-owned company will take a call on buying a stake in a standalone health insurer in the current...

ED raids Amazon, Flipkart sellers’ offices for allegedly...

• Nov 08, 2024

The Enforcement Directorate (ED) has conducted raids on sellers associated with Amazon and Walmart-owned Flipkart, targeting alleged violations of the country’s foreign investment rules.Reportedly,...

No immediate cut in interest rates for now as many risks...

• Nov 07, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that although the central bank had shifted towards a softer neutral monetary policy stance to spur growth, this did not mean...

SEBI asks mutual funds to disclose expenses separately for...

• Nov 06, 2024

Mutual fund houses will now need to disclose expenses of direct and regular plans of a scheme separately.A circular issued on Tuesday, by the Securities and Exchange Board of India (SEBI) has...

Haier eyes JV with JSW Group with an investment of Rs 1,000...

• Nov 05, 2024

The Haier Group, a leading Chinese appliances manufacturer, has plans to set up a joint venture with the JSW Group, envisaging a proposed investment of Rs 1,000 crore, sources have said.The proposal...

PM-Jay scheme picks up the tab for over Rs 1.1-lakh crore...

• Nov 04, 2024

The Pradhan Mantri Jan Arogya Yojana (PM-JAY) has provided over Rs 1.1 lakh crore in free hospitalisation benefits to beneficiaries since its launch in September 2018. The scheme has significantly...

AT THE HELM - Noel Naval Tata - Chairman, Tata Trusts

• Nov 04, 2024

Noel Naval Tata would have become the chairman of Tata Sons, the holding company of Tata Group, way back in 2011. Ratan Tata, Noel Tata’s half brother, had decided to step down as chairman of...

MANAGEMENT MANTRA - “People Are Different, Not...

• Nov 04, 2024

Gaurav Mavi, the dynamic co-founder of the BOP Group, has been the driving force behind his real estate venture’s remarkable growth. An MBA in finance and marketing from the Indian Institute of...

HOT SEAT - HR & Beyond - Sonali Chowdary, CEO, Officenet

• Nov 04, 2024

Sonali Chowdary firmly believes that open communication and continuous learning can help any individual and organisation to succeed through the most challenging of times. The dynamic CEO of...

ADB praises India’s fossil fuel subsidy reforms,...

• Nov 03, 2024

India has made significant progress on fossil fuel subsidy reform since 2010 through a well-planned “remove, target and shift” approach, says a new report by the Asian Development Bank...

At Rs 1.87 lakh crore in October, GST records...

• Nov 02, 2024

Gross Goods and Services Tax (GST) collection in October rose by 9 per cent to over Rs 1.87 lakh crore, the second-highest ever, on pick-up in domestic sales and improved compliance.The Central GST...

Government taps rail route to transport onions across India...

• Nov 01, 2024

The government has said that about 840 tonnes of buffer onion has arrived via rail in Delhi’s Kishanganj railway station as a part of its multi-pronged strategy to control prices.This marks the...

Suzuki, Toyota expand partnership; Maruti Suzuki to supply...

• Oct 31, 2024

Japanese automaker Suzuki Motor’s Indian unit will supply its first-ever electric vehicle (EV) to Toyota Motor, the two companies have said in a statement. This deal marks the auto companies’...

Filing GST returns set to be time-barred after three years...

• Oct 30, 2024

Goods and Services Tax Network (GSTN) has said that beginning early next year, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due...

Tata-Airbus’ Vadodara facility to make C295 military...

• Oct 29, 2024

In a major leap forward for India’s defence manufacturing capabilities, the Final Assembly Line (FAL) complex for the C295 aircraft of Tata Advanced Systems (TASL) and Airbus was inaugurated in...

Hindustan Zinc eyes $2-billion investment to double...

• Oct 28, 2024

Vedanta Group company Hindustan Zinc (HZL) plans to pump in up to $2 billion (around Rs 17,000 crore) to double its production capacity to 2 million tonnes (mt) in the next few years, its CEO Arun...

Global economy headed for a soft landing, better days...

• Oct 27, 2024

A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said on...

Waymo closes $5.6-bn funding round to expand autonomous...

• Oct 26, 2024

Alphabet’s self-driving unit, Waymo, has said that it has closed a $5.6-billion funding round led by the Google parent, as it looks to expand its autonomous ride-hailing service.Automakers and...

Swiggy learnt to have slashed IPO valuation by 10-16% to...

• Oct 25, 2024

Food delivery company Swiggy is internally aiming for valuation of $12.5-13.5 billion for its upcoming IPO, cutting its target by 10-16 per cent due to market volatility, two people with direct...

JLR launches innovation hub in Bengaluru to develop...

• Oct 24, 2024

Jaguar Land Rover (JLR) has launched an initiative in India to work closely with startups for developing the next generation of products and services that will help define the company’s future...

Ambuja to acquire Orient Cement in market leadership battle...

• Oct 23, 2024

Ambuja Cements, India’s second-largest cement-maker, said on Tuesday that it would buy a nearly 47 per cent stake in rival Orient Cement for Rs 3,791 crore, but analysts raised doubts about the...

India’s 500-gw green energy target may drown it in huge...

• Oct 21, 2024

The country's target of installing 500 gw of renewable energy by 2030 may push solar equipment import bill to about $30 billion per year and increase dependence on Chinese goods, think-tank Global...

GoM calls for exempting GST on premiums for term life and...

• Oct 20, 2024

Goods and Services Tax (GST) on term life insurance premiums and premium paid by senior citizens for health cover is likely to be exempted from tax, an official has said.The Group of Ministers (GoM)...

JSW, Japan’s JFE Steel to jointly buy tkES India for Rs...

• Oct 19, 2024

JSW Steel on Friday said that it would acquire 100 per cent stake in Thyssenkrupp Electrical Steel India (tkES) jointly with Japan’s JFE Steel Corp through a 50:50 joint venture for Rs 4,051.4...

Postal, banking and insurance leaders brainstorm at a...

• Oct 19, 2024

The Department of Posts, Maharashtra Circle, recently hosted the Last Mile Connect Conclave under the auspices of Chief Postmaster General Amitabh Singh. This event brought together a diverse range...

Byju’s worth zero today, says Raveendran; blames...

• Oct 18, 2024

Byju Raveendran, the founder of Byju’s, has blamed his investors for the edtech icon’s meltdown and throwing him under the bus. Mr Raveendran has asserted that the investors had aggressively...

PFC arm PIFIL gets nod to set up a company in IFSC GIFT...

• Oct 17, 2024

PFC Infra Finance IFSC (PIFIL), a wholly-owned subsidiary of Power Finance Corporation (PFC), has received approval from International Financial Services Centres Authority (IFSCA) to commence...

SEBI launches liquidity window facility for investors in...

• Oct 17, 2024

The SEBI on Wednesday introduced a liquidity window facility for investors in the debt securities through a stock exchange mechanism.The liquidity window facility allows investors holding listed debt...

Samsung workers end over a month-long strike at Chennai...

• Oct 16, 2024

The workers’ strike at Samsung India’s plant near Chennai has been called off, after workers resolved the issues amicably and the management announced several welfare measures on October 15.A...

CPI-based retail inflation spikes to 5.49% in September,...

• Oct 15, 2024

Retail inflation has risen to 5.49 per cent in September from 3.65 per cent in August, according to the government data. Retail inflation, based on the Consumer Price Index (CPI) shot up mainly due...

Tesla’s two-seater robotaxi – Cybercab – jeered by...

• Oct 14, 2024

Tesla’s revelation of a robotaxi designed as a low-slung, two-seater, sporty coupe – quite the opposite of a typical taxi with room for several passengers and luggage – has flummoxed investors...

Amid losses and employees’ strike, Boeing announces...

• Oct 13, 2024

Boeing will cut 17,000 jobs – 10 per cent of its global workforce – delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the US planemaker...

Sudarshan Chemical to buy Heubach Group’s pigment...

• Oct 12, 2024

Pune-based Sudarshan Chemical Industries has signed a definitive agreement to acquire the global pigment business operations of Germany’s Heubach Group for Rs 1,180 crore.The deal, a combination of...

RBI tells ARCs to furnish loan data to credit bureaus in a...

• Oct 11, 2024

The Reserve Bank of India (RBI) on Thursday directed asset reconstruction companies (ARCs) to establish a standard operating procedure for providing information to credit bureaus. The move is aimed...

RBI leaves Repo Rate unchanged at 6.5% for the tenth time...

• Oct 10, 2024

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has opted to maintain the key Repo Rate at 6.5 per cent for the 10th consecutive time.RBI Governor Shaktikanta Das said that five...

PepsiCo slashes 2024 sales as US consumers tighten their...

• Oct 09, 2024

PepsiCo cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on savoury snacks and sodas, while opting for cheaper private-label brands.The...

Component company Hero Motors withdraws Rs 900-crore IPO

• Oct 08, 2024

Hero Motors, the auto component company of the Hero Motors Company Group, has withdrawn its documents for an initial public offer (IPO) worth Rs 900 crore, an update with markets regulator SEBI on...

Malls need to be “more humane” towards delivery...

• Oct 07, 2024

Zomato CEO Deepinder Goyal on Sunday said malls needed to be “more humane” towards delivery partners, sharing his first-hand experience as a delivery executive picking up orders for the food tech...

AT THE HELM - Brian Niccol, CEO, Starbucks

• Oct 06, 2024

Brian Niccol Brian Niccol has begun brewing a new refreshing beverage to revive Starbucks. Early last month, Mr Niccol took over as the CEO of the battered US coffee chain, replacing Laxman...

HOT SEAT - Marketing Maven - Sudha Maheshwari, Founder &...

• Oct 06, 2024

Sudha Maheshwari is a stickler for processes. The spirited founder and managing director of Wordswork firmly believes that proper implementation of processes will inevitably lead to successful...

REC disburses Rs 90,955-crore loans in H1 of FY25, up by...

• Oct 06, 2024

State-owned Rural Electrification Corporation (REC) has disbursed loans worth Rs 90,955 crore during April-September FY25 (H1 of FY25), up 20.10 per cent from that of the year-ago period.Of the total...

MANAGEMENT MANTRA - “Persistence Is A Virtue” - Pranav...

• Oct 06, 2024

Pranav Dangi strongly believes in the ideal of never giving up and working honestly towards achieving the goals. No wonder, Mr Dangi’s unique venture, The Hosteller, has emerged as India’s...

SBI downgrades MTNL’s term loan account as an NPA, asks...

• Oct 05, 2024

State Bank of India (SBI) has downgraded MTNL’s term loan account to a non-performing asset (NPA) with effect from September 28, citing non-payment of interest and instalment.MTNL has shared the...

BPCL joins hands with Mumbai Port to promote green fuel...

• Oct 04, 2024

State-owned BPCL has inked an initial pact with Mumbai Port Authority and Mumbai Port Sustainability Foundation (MPSF) for setting up a green fuel ecosystem at the port.The MoU is an important step...

HOMETHON Property Expo 2024 all set to go green with focus...

• Oct 04, 2024

The National Real Estate Development Council (NAREDCO) Maharashtra, which has organised the third edition of India’s largest real estate property expo, HOMETHON Property Expo 2024, from October 4...

Iran-Israel war triggers an over 3% spike in oil futures...

• Oct 03, 2024

Oil prices on Wednesday surged by over 3 per cent, fuelled by growing fears that the growing tension in West Asia could disrupt the region’s crude oil production. Brent futures hit a one-month...

A mere spark of bad news is likely to burn down big gains...

• Oct 02, 2024

The bulls are on a relentless rampage. Equity benchmark indices Sensex and Nifty are scaling new highs quite too frequently in the past few months. The exuberance in the secondary market seems to...

SEBI board approves new asset class with minimum investment...

• Oct 01, 2024

The Securities and Exchange Board of India (SEBI) has approved the introduction of a new asset class to bridge the gap between mutual funds and portfolio management services (PMS).The board of the...

Pakistan to slash 1,50,000 jobs, close six ministries under...

• Sep 30, 2024

In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 1,50,000 government posts, close six ministries and merge two others as a part of...

Tata Motors starts work on a new Rs 9,000-crore plant in...

• Sep 29, 2024

The Tata Motors Group on Saturday held the groundbreaking ceremony of its new passenger vehicle manufacturing facility in Panapakkam, located in Ranipet district of Tamil Nadu. This unit will produce...

Karnataka’s draft GCC policy targets to double centres to...

• Sep 28, 2024

Karnataka aims to double the count of its global capability centres (GCCs) to 1,000 and create 3,50,000 new jobs by 2029, according to a draft policy launched on Friday. The policy is aimed at...

Swiggy files updated papers for Rs 3,750-cr IPO, to mop up...

• Sep 27, 2024

Food tech giant Swiggy has filed its first updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for initial public offer (IPO). The fresh issue component...

Economists urge govt for regular consumption surveys for...

• Sep 26, 2024

Several economists have recommended to the Ministry of Statistics and Programme Implementation to look at conducting the Household Consumption Expenditure Surveys (HCES) more regularly to ensure...

Government extends approval system for IT hardware imports...

• Sep 25, 2024

The government on Tuesday extended the existing approval system for import of certain IT hardware products, including laptops and tablets, for three months till December 31.The deadline for review of...

KBC International Ghana signs MoU with Liberia SEZ...

• Sep 25, 2024

KBC Global (previously known as Karda Construction), in the business of construction and real estate development, has informed that KBC International Ghana – a drop-down subsidiary of wholly-owned...

PLFS sees 4.9% fall in unemployment rate, but jobless rate...

• Sep 24, 2024

India’s overall unemployment rate comprising both urban and rural areas came down to 4.9 per cent in 2023-2024 (July-June) from 5.1 per cent in 2022-23, the government said on Monday, quoting the...

8 top cities to add only a third of retail space demand at...

• Sep 23, 2024

Fresh supply of retail space in shopping malls during 2024-27 across eight major cities is expected to be 18 million sq ft, which is one-third of the projected requirement to meet the demand,...

OYO checks into US hotel company G6 Hospitality for $525...

• Sep 22, 2024

Travel tech unicorn OYO is set to acquire G6 Hospitality, the parent company of iconic budget hotel brands Motel 6 and Studio 6, from Blackstone Real Estate for $525 million in an all-cash deal.The...

SEBI lets mutual funds buy and sell CDS, move helps fund...

• Sep 21, 2024

The SEBI has allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity in the corporate bond market.This flexibility to participate in CDS will serve...

US Fed slashes policy rate by a larger 50 basis points to...

• Sep 20, 2024

The US central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction. Federal Reserve Chair Jerome Powell said that the...

IREDA gets government’s nod to raise Rs 4,500 crore...

• Sep 19, 2024

State-owned Indian Renewable Energy Development Agency (IREDA) has said it has received the government’s approval to raise up to Rs 4,500 crore through an issue of equity shares through the...

Tata Power to invest $9 bn to quadruple green energy...

• Sep 18, 2024

Tata Power plans to invest up to $9 billion to more than quadruple its renewable energy capacity to over 20 gw over the next five to six years, its CEO Praveer Sinha has said.The company plans to...

Bajaj Housing Finance makes a dazzling debut on BSE, lists...

• Sep 17, 2024

Bajaj Housing Finance became the most-valued housing finance company in the country, following its blockbuster market debut on Monday.The Bajaj Housing Finance stock was listed at Rs 150 on BSE and...

Indian exporters likely to be hit by container shortage...

• Sep 16, 2024

Indian exporters may face yet another round of container shortages, compounded by already soaring freight costs. The imminent scarcity comes amid reports of China cornering all available container...

Smartphone-makers collude with Amazon, Flipkart to launch...

• Sep 15, 2024

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws,...

SEBI acquits NSE, Chitra Ramakrishna, Ravi Narain and...

• Sep 14, 2024

The SEBI on Friday dismissed regulatory violation charges against NSE and its seven former employees, including Chitra Ramkrishna and Ravi Narain, in the matter of the co-location facility, citing...

CPI-based retail inflation for August rises marginally to...

• Sep 13, 2024

Retail inflation marginally increased to 3.65 per cent in August and remained within the Reserve Bank of India’s target of 4 per cent, the government data showed on Thursday. The inflation also was...

Cabinet nod for Rs 10,900-crore PM E-DRIVE – replacing...

• Sep 12, 2024

The Union Cabinet on Wednesday approved the PM E-DRIVE Scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles (EVs) in India, replacing the flagship FAME...

Tata, Lockheed Martin seal deal to expand opportunities in...

• Sep 11, 2024

In a major announcement in the defence sector, Tata Advanced Systems has entered into an agreement with US aviation giant Lockheed Martin to “expand C-130J Super Hercules opportunities in...

Two GoMs to decide on lower GST on health, life premiums,...

• Sep 10, 2024

The Goods and Services Tax (GST) Council on Monday reached a broad consensus on reducing taxes on health and life insurance premiums, and a final decision on this would be taken in the November...

Education loans to grow fastest with AUM set to expand by...

• Sep 09, 2024

Education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for non-banking financial companies (NBFCs) because of rising demand for higher...

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 start of insolvency proceedings, Byju’s said on...

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 China. The think-tank has added that China will...

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 semiconductor industry. The prosperous...

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 statement from the government has said.Earlier this...

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 defence fire control radars, among other...

MAANAGEMENT MANTRA - “Lead From Front” - Paarth...

• Sep 03, 2024

Mocemsa is an Indian fragrance brand renowned for curating its own original formulations. It reflects a blend of tradition and modernity in each bottle. At the helm of Mocemsa’s dynamic journey...

HOT SEAT - Food For Thought - Jawairia Merchant,...

• Sep 03, 2024

Jawairia Merchant is living her childhood passion of cooking. The young entrepreneur has also made a successful career of her culinary skills by opening Thai Naam, a Thai restaurant, in Mumbai in...

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. The Reserve Bank of India (RBI) has approved Mr...

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 SEBI has stated that the “issuance of...

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 enterprises (CPSEs), officials have said.The Finance...

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 shortage by coaxing more people and companies to...

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 services sectors, government data showed on...

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, telecom, energy, artificial intelligence (AI) and...

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 worries about their grip on broadcasting rights for...

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 failed $10-billion merger and had agreed to withdraw...

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 raise up to Rs 56.10 crore from its SME public...

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 estimated India’s real Gross Domestic Product...

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 that the acquisition-matching scale of recent in-tech...

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 Innovation Centre of Excellence in Bengaluru.The investment...

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 securities market for five years for diversion of...

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. Chanel has added that the acquisition is a part of...

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 combined Rs 2,048 crore, as the food delivery...

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 company had on August 14, 2023, filed a writ petition in...

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 parameters, deposit mobilisation, digital payments and...

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 Young Liu has said.With an eye on the electric...

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 Sitharaman said during a meeting with the IMF’s First...

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 near Patna and Bagdogra in West Bengal at a total...

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 developers and lack of execution capabilities, according...

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 collect previous dues on royalty and tax on...

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 competition laws. The anti-trust regulator’s action...

July CPI inflation plunges to 3.54% on a high base effect...

• Aug 13, 2024

Retail inflation in July eased to 3.54 per cent, marking a sharp decline after it rose in the previous month. With this, retail inflation has fallen below the RBI’s medium-term target of 4 per...

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 Rs 1.30 lakh crore in equities during the current...

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 the obscure offshore funds used in the Adani money...

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 likely to result in higher domestic production...

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 continued to maintain a balance between...

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 indigenously-developed technologies, which are being...

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 (LTCG) Tax on unlisted assets, including property,...

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 injunction against Parle Products for selling a new...

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 Authority of India (TRAI) will increase compliance and...

AT THE HELM - Challa SreenivasUlu Setty, Chairman, SBI

• Aug 05, 2024

A young boy from a village in present-day Telangana learns all the nuances of lending money and recovering it even as he is picking up elementary mathematics at school. The boy and his brother...

MANAGEMENT MANTRA - “Embrace Tradition, Innovate...

• Aug 05, 2024

Shivam Bhagat is the ninth-generation entrepreneur at the helm of Bhagat Halwai, a revered legacy food brand of Agra with a 200-year history. An alumnus of St Andrews School in Agra and St John’s...

HOT SEAT - Weaving Strategies - Vasudha Jajoo Pahwa,...

• Aug 05, 2024

Vasudha Jajoo Pahwa is an ardent practitioner of design-led thinking. The vice-president (corporate affairs) of the Pahwa Group’s Bry-Air is very passionate about this creative approach to...

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 on Saturday.Addressing the 32nd International...

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 delivered the 8:1 majority verdict in the Mineral...

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 period last year. The GST revenue in June,...

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 Devendra Fadnavis has said. He has added that the...

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 market stability in the booming derivatives market.On...

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 of white marble.Filatex Mines will have to supply...

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 could have access to sensitive information about a...

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 promoters and associates. This decision follows...

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 active inclusion policies aimed at fostering...

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 engine with real-time access to information from...

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 numbers for the quarter ended June 30, 2024, according...

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, including debt.The deal will give Mankind, the maker of...

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 time, the study highlights a sharp surge of over...

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 Prime Minister Morarji Desai. This is the first...

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 per cent with risks evenly balanced. It notes that...

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 of access to quality raw materials, particularly...

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 facilitate foreign direct investments (FDI). These...

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 has said in a blog post.“We currently estimate...

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) oilfield in the Caspian sea and linked pipeline,...

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 legacy TV networks in a bid to boost its flailing...

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 services sector because there are no takers of nearly...

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 insolvency proceedings against Byju’s, the...

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 company and subsidiary of US-based AO Smith...

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 Paradip Refinery to Madras International Circuit in...

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 June 2023 to June 2024, according to a report.These...

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 already-elevated prices of vegetables and fruits...

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 gross bond issues over the next decade, rating...

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 Tech’s influence over artificial intelligence...

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 of three products – MEPRO MOR, M21, and M5.These...

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 construction could raise tension with China that lays...

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 improvements in key labour market indicators besides...

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 Butibori, Nagpur.Horiba, based in Kyoto, Japan, is...

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 platform following approval from the Board of...

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 Puri, the head of India’s leading consumer goods...

MANAGEMENT MANTRA - “Be Adaptable And Resilient” - Raja...

• Jul 06, 2024

Almost everyone faces burnout and gets demotivated at some point in life. Unfortunately, a majority of such people continue living in that depressed state and spreading negativism within themselves...

HOT SEAT - Rooting For Mentorship - Neha Shah, Co-Founder &...

• Jul 06, 2024

Neha Shah is a committed conformist. The dynamic co-founder and director of MentorMyBoard is deeply passionate about facilitating organisational transformation through mentorship and adherence to...

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 intelligence (AI) technologies, The New York...

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 top-five by 2047, Secretary in the Ministry of...

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 lifetime high by crossing the 79,000 mark....

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 empower banks to deliver quicker and more...

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 required timeframe, a committee that looks at the...

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 and industrial crisis that has also engulfed the key...

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 Minister Piyush Goyal said on Saturday.In 2023-24,...

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 is expected to lead to $22 billion of inflows into...

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, the State had the sixth-largest economy in India,...

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 regulator also eased norms for voluntary delisting and...

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 the Rs 96,238 crore minimum value that the...

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 the struggles several countries have experienced...

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 Monday.In the year-ago period, the current account...

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 rescue the Deen Dayal gas field in the KG basin in...

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, 2025.Waiver is applicable for demand notices issued...

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 exploiting vulnerable domestic workers. However, the...

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 trader in India. This strategic partnership...

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 trade deficit of 1.1 million tonnes (m), according to...

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 Maharashtra, according to an official statement.The...

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 debt.Vodafone will sell 268 million shares in Indus Towers...

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 funding, driven by increasing investors’...

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 regulator SEBI. The company is looking to raise...

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 direct knowledge said on Friday, as a part of the...

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 by the end of this month, according to a media...

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 reports that it has prepared a war chest of $3 billion...

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 jobs as large projects in sectors, including...

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 Corporate Insolvency Resolution Process (CIRP) by...

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 nearly $1.3 billion in cash and stock.The deal...

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 cent of the incremental shipments during the...

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 (IPO).The proposed IPO comprises a fresh issue of equity...

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 6.5 per cent for the eight consecutive time on...

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 inflation.The European Central Bank (ECB) announced...

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 agency CAPA India Chief Executive Officer Kapil...

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 the work has been completed, its Chairman and...

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), admitting the plea filed by private lender ICICI...

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 after the announcement of the Lok Sabha election...

AT THE HELM - Srinivas Pallia, MD &CEO, Wipro

• Jun 03, 2024

Wipro is returning to its roots to steer itself through stormy times. The fourth-largest Indian software services company has roped in a veteran insider to head its operations. In April,...

MANAGEMENT MANTRA - “Lead By Example” - Manikanth...

• Jun 03, 2024

Manikanth Challa’s early experience in US startups helped shape his entrepreneurial journey. It was this rich experience that nudged Mr Challa to set up Workruit, an AI-powered recruitment...

HOT SEAT - A Multifaceted Personality - Devipshita Gautam,...

• Jun 03, 2024

Devipshita Gautam nurtures a lofty ambition of creating a human community without any barriers. This goal has inspired the entrepreneur from West Bengal to build a thriving career rooted in...

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 was driven by an increase in domestic transactions...

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 FY24 to 8.2 per cent, mainly on account of good...

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 internationalise the domestic currency.With emphasis on...

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 and lead well over permissible limits. The matter...

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 Repository. These initiatives were announced as a...

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 per cent on year.The bulk of the spending – $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 trademark with suffix Pe.BharatPe and PhonePe had been...

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 the bid for the bankrupt airline.Busy Bee Airways,...

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 Android-maker will also provide Flipkart with cloud...

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 bolster the Maldivian Rufiyaa”.RuPay, a product...

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 financial year that ended in March 2024, sharply above...

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- and small-cap stocks.In the last five months,...

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 carcinogenic chemical.The government has put in place...

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 focus on affordable housing loan.The housing finance...

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 to $450 million via sale of dollar bonds,...

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 intelligence, luxury goods and geopolitical shifts.The...

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 on Thursday, with one of them pegging the...

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 ago, according to the National Sample Survey’s...

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. This is OpenAI’s latest move to stay ahead in a...

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 reportedly Warburg Pincus’ single-biggest deal in...

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 environment, projections of a normal monsoon and...

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 cloud platform, Krutrim, within the next week. The...

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 measures against the power crisis, the government is...

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, the PTI reported citing sources. The...

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. It will mainly focus on projects supporting energy...

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 once worth hundreds of millions of dollars.Higher...

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 spot as India’s largest-selling smartphone...

MANAGEMENT MANTRA - “Every Debit Has A Credit Entry” -...

• May 06, 2024

Amit Patjoshi has had a distinguished career across reputed organisations. Having served at national auditor Comptroller and Auditor General of India (CAG of India) as well as E&Y, KPMG,...

HOT SEAT - The HR Edge - Amneet Kaur, Director Of...

• May 06, 2024

An out-and-out outdoor person, Amneet Kaur loves to trek and be amid nature. The director of operations of Outsized India – a UK-based consulting firm – is a double post-graduate with an MBA in...

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 March this year, according to the RBI’s data...

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 of a large section of farmers and comes ahead of...

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 to evaluate a rival bid for the home...

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 bars the Mumbai-based lender from signing up new...

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 year-on-year growth, driven by a strong increase in...

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 growth in India’s core sector during 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 restructuring exercise that will see around 10 per cent...

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 on ways to alleviate urban congestion.Incubated...

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 Lanka.According to a press release, the decision comes...

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 listing, to become a universal bank and provide...

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 the Reuters, as some investors and analysts dismissed...

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 and issuing fresh credit cards.This direction will...

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 options.The new version called Phi-3-mini is the first...

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 investment limits, two people with direct knowledge of the...

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 policies. The insurance regulator’s decision is...

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 22. Citing pressing commitments at Tesla, Mr Musk...

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 2024-25 after assessing investors’ appetite, a...

Walmart launches a dedicated page for Indian sellers on its...

• Apr 19, 2024

Multinational retailer Walmart on Thursday announced the launch of a dedicated page for Indian sellers to register and sell on the company’s marketplace site.The company hosted a global sellers’...

IMF flags high debt levels in ‘Great Election Year’ as...

• Apr 18, 2024

The International Monetary Fund (IMF) urged countries on Wednesday to rein in fiscal spending and rebuild their buffers, but said that could prove difficult in the world’s biggest-ever election...

Bangalore international airport clocks highest-ever...

• Apr 17, 2024

With 3.75 crore passengers and 4,39,524 tonnes of cargo passing through its terminals in 2023-24, Kempegowda International Airport witnessed the highest-ever annual passenger traffic and cargo...

Consumer goods companies ride the heat wave, launch new...

• Apr 16, 2024

Consumer goods companies such as makers of cooling systems, beer and ice cream are attempting to capitalise on a hotter-than-usual summer season by cranking up output, launching new products and...

India’s renewable energy capacity rises by 21% to 18.48...

• Apr 15, 2024

India has added a record renewable energy capacity of 18.48 gw in 2023-24, which is over 21 per cent higher than 15.27 gw a year ago, according to the latest data of the Ministry of New and Renewable...

US Steel nod to $14.9-bn acquisition by Japan’s Nippon...

• Apr 14, 2024

US Steel has approved its proposed $14.9-billion acquisition by Japan’s Nippon Steel as expected, taking the merger one step closer to completion even as political opposition to the deal mounts.US...

HAL wins biggest-ever domestic order for supply of 97 LCA...

• Apr 13, 2024

The Ministry of Defence has put out a tender for Hindustan Aeronautics (HAL) for procurement of 97 made-in-India LCA Mark 1A fighter jets. This deal is estimated to exceed Rs 65,000 crore and is...

India, Mauritius ink pact to amend DTAA, limit benefits to...

• Apr 12, 2024

India and Mauritius have signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA), which includes a principal purpose test (PPT) to decide whether a foreign investor is eligible to...

US consumer inflation surges in March, investors fear Fed...

• Apr 11, 2024

US consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting...

Air fares soar by 25% as Vistara slashes flight operations...

• Apr 10, 2024

Air fare prices are witnessing a further surge as Vistara has announced plans to scale down operations by reducing 25-30 flights per day, equivalent to about 10 per cent of its total capacity, to...

India net importer of finished steel in FY24 amid growing...

• Apr 09, 2024

India was a net importer of finished steel during the 2023-24 financial year that ended on March 31, according to provisional government data.The country imported 8.3 million tonnes (mt) of finished...

NTPC eyes 40-mt coal output target from its owned mines for...

• Apr 08, 2024

National Thermal Power Corporation (NTPC) on Sunday announced that it had set a 40-million tonne (mt) target for coal production from its owned mines by 2024–25. According to an NTPC statement, the...

Wipro veteran Srinivas Pallia succeeds Thierry Delaporte as...

• Apr 07, 2024

Wipro has announced the appointment of Srinivas Pallia as its new managing director and CEO, succeeding Thierry Delaporte, who has resigned from the post.The Bengaluru-based IT company said on...

MANAGEMENT MANTRA - “Don’t Discount Your Instincts” -...

• Apr 06, 2024

Sanjay Ghare is a seasoned technology professional with over 20 years of experience in implementing enterprise applications. Mr Ghare is based in Pune and is the co-Founder and CEO of Vervotech, a...

HOT SEAT - The Artist & Her Art - Bhavna Minocha, Founder &...

• Apr 06, 2024

Bhavna Minocha underwent training in commercial art and joined her family garment export business at 18. From production to working with a lot of designers in the business, she used her art by...

AT THE HELM - Navneet Kumar Sehgal, Prasar Bharati Chief

• Apr 06, 2024

Every Indian bureaucrat aspires to remain relevant and be most sought after, irrespective of a political party in power. For most bureaucrats, this is an unachievable dream. But it was this dream...

RBI keeps Repo Rate unchanged at 6.50% for 7th time in a...

• Apr 06, 2024

The Reserve Bank of India (RBI) has decided to keep the key Repo Rate unchanged at 6.5 per cent as its focus remains on bringing inflation under control.This is the seventh straight time that the...

RBI puts off new forex derivatives rules to May 3, brokers...

• Apr 05, 2024

The RBI has deferred the deadline to implement new rules for exchange-traded foreign exchange (forex) derivatives to May 3. The new rules were supposed to kick in from April 5.The rules are expected...

Pride Hotels signs Biznotel by Pride, Himatnagar, blending...

• Apr 05, 2024

The Pride Hotels Group has launched Biznotel by Pride in Himmatnagar, a town in Gujarat with a blend of historical significance, natural beauty and also a well-known business hub. Located on the...

Tesla team to visit India in April-end to search for a site...

• Apr 04, 2024

Tesla will send a team from the US to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant, The Financial Times reported on Wednesday, citing...

Robust factory output in India and China stands in contrast...

• Apr 03, 2024

China has emerged as a silver lining in the Asian dark cloud. Factory activity in many Asian economies has weakened in March. But a steady hum across industries in China in March and robust factory...

GST mop-up for March hits Rs 1.78 l cr, FY24 GST collection...

• Apr 02, 2024

Goods and Services Tax (GST) collections in March grew by 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the Finance Ministry said on Monday.The gross GST collection for the...

China’s factory output in March expands for the first...

• Apr 01, 2024

China’s manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday, offering relief to policymakers even as a crisis in the property...

Force Motors to shut down tractor business in...

• Mar 31, 2024

Pune-based Force Motors has said that it is closing its agricultural tractors business and related activities from March 31. The company has attributed the decision to its product-rationalisation...

DoT tells telecom companies to deactivate USSD service to...

• Mar 30, 2024

The Department of Telecommunications (DoT) has asked telecom operators to deactivate Unstructured Supplementary Service Data (USSD)-based call forwarding with effect from April 15 and move to...

Rivals Ambani & Adani join hands, Reliance buys 26% stake...

• Mar 29, 2024

In a first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani and signed a pact to use...

Government set to borrow Rs 7.5 lakh crore for...

• Mar 28, 2024

The Centre plans to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to fund the revenue gap, the Finance Ministry has said.Of the gross market borrowing of...

Tendulkar-backed RRP Electronics unveils semiconductor...

• Mar 28, 2024

RRP Electronics, in a historic collaboration with a prestigious European consortium, has proudly announced inauguration of Maharashtra’s pioneering semiconductor facility. This groundbreaking...

IRDAI rolls out new rules, unifying six norms, including...

• Mar 27, 2024

Insurance Regulatory and Development Authority of India (IRDAI) has notified a host of regulations, including on surrender charges, wherein insurers have to disclose such charges upfront.The IRDAI...

Top-level changes at Boeing post-accident, CEO Dave Calhoun...

• Mar 26, 2024

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shake-up for the embattled aerospace giant.Larry Kellner, the chairman of the board, will not stand for...

PSBs’ dividend payout for FY25 may go past Rs 15,000 amid...

• Mar 25, 2024

Public sector banks (PSBs) are likely to pay a dividend over Rs 15,000 crore for the financial year ending March 2024 on the back of improved profitability, according to sources.In the first three...

With a fine mix of incentives and conditions, the new...

• Mar 24, 2024

A lot of thought seems to have gone into India’s newly-unveiled electric vehicle (EV) policy. The policy is a fine mix of incentives and conditions, on which the incentives will be available,...

Bajaj Group’s Bajaj Beyond sets aside Rs 5,000 crore for...

• Mar 23, 2024

The Bajaj Group has committed Rs 5,000 crore towards social impact initiatives over five years, with a sharp focus on skill development, under Bajaj Beyond – the group’s new identity for all its...

Asian Granito ropes in Ranbir Kapoor as brand ambassador to...

• Mar 23, 2024

Asian Granito India (AGL), one of the country’s leading tiles, engineered marble, quartz and bathware brand, has signed actor Ranbir Kapoor as its brand ambassador. Recognised for his charm,...

US Justice Department sues Apple for perpetuating monopoly...

• Mar 22, 2024

The US Department of Justice sued Apple on Thursday for illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers.The lawsuit, brought also by...

Richest 1% of Indians own 40.1% of the country’s wealth...

• Mar 21, 2024

Wealth concentrated in the richest 1 per cent of India’s population is at its highest in six decades, and the percentage share of income exceeds that of countries including Brazil and the United...

Bank of Japan ends negative rates, hikes interest for the...

• Mar 20, 2024

The Bank of Japan (BoJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday. The central bank made a historic shift away from its focus on reflating...

India’s very low computing infrastructure hampering...

• Mar 19, 2024

India’s computing infrastructure is less than 2 per cent of global capacity, which is a limiting factor in its contribution to research that remains in the range of 2 per cent, according to NVIDIA...

4th round of Indo-UK FTA talks ends, formal negotiations to...

• Mar 17, 2024

The 14th round of free trade agreement (FTA) negotiations between India and the UK closed on Saturday. Formal negotiations were put on hold as India heads into election campaign mode for the general...

MoD inks Rs 2,890-crore contract with HAL for upgrade of 25...

• Mar 16, 2024

The Ministry of Defence (MoD) signed a contract with Hindustan Aeronautics (HAL) on Friday for Mid-Life Upgrade (MLU) of 25 Dornier aircraft along with associated equipment for the Indian Navy at a...

Paytm gets TPAP licence, online payments to go on after its...

• Mar 15, 2024

Digital payments company One97 Communications, which operates under the application (app), Paytm, was on Thursday granted a third-party application provider (TPAP) licence by the country’s payments...

Big technology companies oppose ex-ante regulations in...

• Mar 14, 2024

Large technology companies such as Google, Apple, Flipkart, Amazon and Uber have opposed pre-emptive regulation proposed in the draft Digital Competition Bill to curb dominance of a few companies in...

Jet Airways set to fly again as NCLAT clears JKC’s...

• Mar 13, 2024

The National Company Law Appellate Tribunal (NCLAT) on Tuesday cleared the decks for revival of Jet Airways as it upheld the resolution plan of the airline and approved the transfer of its ownership...

Signs of price manipulation in SME public offers and...

• Mar 12, 2024

Sebi Chairperson Madhabi Puri Buch on Monday said that the capital markets regulator was seeing “signs” of price manipulation in the small and medium enterprises (SME) segment.The manipulation...

India signs free trade agreement with four-member EFTA...

• Mar 11, 2024

India signed a free trade pact on Sunday with a group of European nations – Switzerland, Norway, Iceland and Liechtenstein –committing to reduce tariffs, while New Delhi receives $100 billion in...

India adds record 3.2 gw of open access solar capacity...

• Mar 10, 2024

India added a record 3.2 gw of open access solar capacity during 2023, posting a 6.66 per cent rise supported by factors, including reduced module cost, according to a report by Mercom Capital.In its...

Interest rates for small savings schemes for April-June...

• Mar 09, 2024

Interest rates of small savings schemes for the coming quarter of April 1 to June 30, 2024, remain unchanged, the government has announced on Friday.“The rates of interest on various small savings...

AT THE HELM - L V Vaidyanathan - CEO, P&G India

• Mar 08, 2024

Few actually achieve what L V Vaidyanathan has accomplished in the world of business. The 50-year-old corporate executive began his career as an intern at Procter & Gamble’s (P&G) India...

MANAGEMENT MANTRA - “Lead By Example” - Vijay...

• Mar 08, 2024

It was an epiphany that profoundly changed the direction of business for Vijay Chaudhary. During and after the outbreak of COVID-19, the chairman of the Ram Rattan Group realised how important...

HOT SEAT - In Tune With Nature - Tapasya Sharma, Global...

• Mar 08, 2024

Life’s rich tapestry is a huge source of inspiration for Tapasya Sharma. The global head of marketing and digital of TERRA Wipes plays a pivotal in fostering the company’s growth with a...

CBI conducts raids across 67 locations in 7 cities linked...

• Mar 08, 2024

The Central Bureau of Investigation (CBI) conducted searches at 67 locations in seven cities across Rajasthan and Maharashtra in connection with suspicious Rs 820-crore Immediate Payment System...

Prime Minister Narendra Modi flags off India’s first...

• Mar 07, 2024

Prime Minister Narendra Modi on Wednesday inaugurated India’s first metro line “under any mighty river” in Kolkata. This is a landmark project, showcasing the nation’s stride towards...

More women on boards of companies with higher ratings in...

• Mar 06, 2024

Moody’s Investors Service on Tuesday said that higher-rated companies had a larger proportion of women on their boards than that of lower-rated companies. An analysis of 3,138 Moody’s-rated...

RBI bans IIFL from sanctioning, disbursing gold loans amid...

• Mar 05, 2024

The RBI on Monday barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its gold loan portfolio.IIFL Finance...

India set to join global semiconductor stage with huge...

• Mar 04, 2024

India will join the high-stake global stage of semiconductor manufacturing in the next five years as it combines unparalleled design capabilities with $10 billion of incentives to draw manufacturers...

India’s extreme poverty eliminated, time for the country...

• Mar 03, 2024

India has officially eliminated ‘extreme poverty’, which can be seen through the sharp decline in headcount poverty ratio and stark increase in household consumption, a report authored by Surjit...

NMDC crosses 40 mt milestone in FY24, posts best-ever...

• Mar 02, 2024

NMDC, India’s largest iron ore producer, delivered its best -ever cumulative volumes up to February 2024. NMDC produced 3.92 million tonnes and sold 3.99 million tonnes of iron ore in February...

Q3FY24 GDP jumps by 8.4%, FY24 growth estimate revised...

• Mar 01, 2024

Gross Domestic product (GDP) grew by 8.4 per cent in the December 2023 quarter, data released by the Ministry of Statistics and Programme Implementation on showed Thursday.At 8.4 per cent...

Reliance, Walt Disney seal $8.5-billion deal to form...

• Feb 29, 2024

The country’s largest conglomerate, Reliance Industries, and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5-billion entertainment...

Reading between the lines of NSSO’s recent HCE Survey...

• Feb 28, 2024

The latest Household Consumption Expenditure (HCE) Survey of National Sample Survey Office (NSSO) throws up some interesting information. The latest edition of the survey, conducted between August...

Finance Minister Sitharaman asks RBI to hold meetings with...

• Feb 27, 2024

Finance Minister Nirmala Sitharaman has asked the Reserve Bank of India (RBI) to hold monthly meetings with fintech firms to address their regulatory concerns, the ministry has said in a statement,...

Reliance, Walt Disney in merger deal to create India’s...

• Feb 26, 2024

Reliance Industries and Walt Disney are set to merge their Indian media operations, according to a media report. The merger will see Reliance possessing 51 per cent ownership via shares and cash and...

Bezos, Nvidia and OpenAI join hands to invest in humanoid...

• Feb 25, 2024

Amazon.com founder Jeff Bezos, Nvidia and other big technology names are investing in startup Figure AI that develops human-like robots, the Bloomberg News reported on Saturday, citing...

Byju’s top shareholders like Prosus and Peak vote to oust...

• Feb 24, 2024

Byju’s major shareholders, including Prosus and Peak XV Partners, voted on Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online...

India’s stock market value set to hit $10 trillion by...

• Feb 23, 2024

India’s stock market value is set to more than double to $10 trillion by 2030, going by its history of delivering double-digit returns and expectations of continued economic reforms, according to...

PFRDA to roll out two-factor authentication system to...

• Feb 22, 2024

In a proactive move to enhance security within the National Pension System (NPS) network, the Pension Fund Regulatory and Development Authority (PFRDA) is set to roll out a new two-factor...

Government set to issue draft AI regulatory framework by...

• Feb 21, 2024

Minister of State (MoS) for Electronics and Information Technology Rajeev Chandrasekhar on Tuesday said that the government was mulling to unveil a preliminary regulatory framework for artificial...

Prime Minister Modi throws open exhibition at GBC 4.0,...

• Feb 20, 2024

Prime Minister Narendra Modi inaugurated and toured the exhibition being held on the sidelines of the Ground Breaking Ceremony (GBC) 4.0 in the State capital Lucknow on Monday to get an insight into...

PM Modi inaugurates GBC 4.0, congratulates CM Yogi for...

• Feb 20, 2024

Prime Minister Narendra Modi on Monday congratulated Uttar Pradesh Chief Minister Yogi Adityanath for his resolve to develop the State into a $1-trillion economy, saying that the country would...

UP signifies Unlimited Potential, State neither lacks...

• Feb 20, 2024

During the GBC 4.0, organised at Indira Gandhi Pratishthan in Lucknow, the chief minister expressed gratitude to Prime Minister Narendra Modi for gracing the State with his presence to inaugurate the...

RBI’s action on Paytm bank signals that compliance is not...

• Feb 19, 2024

The Reserve Bank of India’s regulatory action on Paytm Payments Bank (PPBL) had drawn attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar said...

SoftBank set to tap $100 billion to fund a chip plant for...

• Feb 18, 2024

SoftBank Group Chief Executive Officer Masayoshi Son is looking to raise up to $100 billion for a chip venture that will rival Nvidia Corp, the Bloomberg News has reported, citing people...

Supreme Court strikes down electoral bonds scheme as...

• Feb 16, 2024

The Supreme Court of India has struck down and declared the electoral bonds scheme, which permitted anonymous donations to political parties, as “unconstitutional”.The verdict was delivered by a...

Mastercard, Visa halt payments by companies and small...

• Feb 15, 2024

The RBI has asked card payment gateways like Mastercard and Visa to halt card-based commercial payments made by companies and small entities. Following this, the card networks have discontinued their...

PM Modi to unveil Rs 91,456-cr IT projects at UP...

• Feb 15, 2024

In an effort to bolster its position as a leading investment destination, particularly in the IT and electronics sectors, the Uttar Pradesh government is all set to unveil a slew of ambitious...

Rs 3,585-cr defence projects to be unveiled at UP Ground-...

• Feb 15, 2024

The Uttar Pradesh Defence Industrial Corridor is witnessing significant progress, attracting major investments and demonstrating commitment to make India atmanirbhar (self-reliant) in the...

SEBI rejects NSE’s settlement application in co-location...

• Feb 14, 2024

The SEBI has rejected a settlement application by National Stock Exchange (NSE) in the co-location case. According to a report in a section of the media, NSE had filed under the consent mechanism of...

Lower prices of vegetables and fruits bring down January...

• Feb 13, 2024

Retail inflation declined to a three-month low of 5.1 per cent in January, mainly due to subdued prices of vegetables, fruits and other food items, according to government data released on Monday.The...

LIC set to receive Income Tax refund of Rs 25,464 crore in...

• Feb 12, 2024

Life Insurance Corporation of India (LIC) has received an Income Tax refund order of Rs 25,464 crore, and it is likely to be realised during the current quarter, its Chairman Siddhartha Mohanty has...

Amid massive layoffs, companies coin new terms to make job...

• Feb 11, 2024

Have you suffered an “involuntary career event” recently? Perhaps you were a casualty of “corporate outplacing”, the unfortunate, yet ostensibly-necessary result of your company...

Hyundai Motor picks JPMorgan and Citi as investment banks...

• Feb 10, 2024

Hyundai Motor has reportedly enlisted investment banks JPMorgan and Citi to advise on its anticipated Indian initial public offer (IPO), aiming for a minimum of $3 billion (Rs 24,900 crore).According...

RBI leaves Repo Rate unchanged at 6.5% for the sixth time...

• Feb 09, 2024

The Reserve Bank of India (RBI) on Thursday opted to maintain the Repo Rate unchanged at 6.5 per cent for the sixth consecutive time.The Repo Rate, which stands as the interest rate at which RBI...

Microsoft plans to provide AI skills to 20 lakh Indians by...

• Feb 08, 2024

Microsoft Chairman and CEO Satya Nadella on Wednesday announced that the company would provide 20 lakh people in India with AI skilling opportunities by 2025, through its new ADVANTA(I)GE INDIA...

FMCG volume in Q42023 grows by 6.4% annually, rural-urban...

• Feb 07, 2024

Fast-moving consumer goods (FMCG) industry’s volume grew by 6.4 per cent year-on-year in the October-December 2023 quarter with an uptick in consumption that was seen both in urban and rural areas,...

NALCO, NLC, GMDC and other top State-run companies bid for...

• Feb 06, 2024

The government on Monday said that 10 companies, including NALCO, Gujarat Mineral Development Corporation (GMDC) and NLC India, submitted bids for coal mines put up for sale under the eighth round of...

State-run oil companies line up Rs 1.2-lakh crore capex in...

• Feb 05, 2024

ONGC, IOCL and other oil PSUs will invest about Rs 1.2 lakh crore in the coming financial year, starting April 1, in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet...

Serious KYC non-compliance, likely money laundering led to...

• Feb 04, 2024

Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India (RBI) to clamp down on...

AT THE HELM - Arvind Panagariya, chairman, 16th Finance...

• Feb 03, 2024

It is a second homecoming for Arvind Panagariya this new year. The eminent economist, who teaches political economy at Columbia University in New York, has recently been appointed the chairman of...

MANAGEMENT MANTRA - “Plan, Do, Review & Repeat” Rahul...

• Feb 03, 2024

Rahul Jain is a strong votary of taking calculated risk. A calculated risk that Mr Jain took in his very first job changed the entire course of his personal and professional lives.  ...

HOT SEAT - A CA’s Recipe - Sonal Barmecha, Founder &...

• Feb 03, 2024

A chartered accountant (CA) by training and a restaurateur by passion, Sonal Barmecha revels in serving healthy and tasty cuisine to her customers. The dynamic managing director of Sante...

Biometric-based Aadhaar authentication may be mandatory to...

• Feb 03, 2024

The GST Council might take up a proposal to make biometric-based Aadhaar authentication mandatory pan-India for suspicious persons seeking GST registration, CBIC chief Sanjay Kumar Agarwal said on...

Interim Budget pegs FY25 fiscal deficit at 5.1% of GDP, no...

• Feb 02, 2024

Union Finance Minister Nirmala Sitharaman presented her sixth Union Budget on Thursday. This was an interim Budget ahead of the general elections later this year.The Interim Budget 2024 was focused...

Core sector growth in December 2023 hits 14-month low of...

• Feb 01, 2024

The eight core sectors posted growth of 3.8 per cent in December 2023, according to data released by the Ministry of Commerce and Industry on Wednesday.At 3.8 per cent, the growth in the eight key...

Multiple strategies must defuse the time bomb ticking in...

• Jan 31, 2024

A time bomb of bad loans was ticking rather alarmingly in the unsecured personal loan segment. Such loans grew at breakneck annual rate of 18.69 per cent from Rs 7.4 lakh crore in FY19 to Rs 16.01...

Hong Kong court orders liquidation of indebted Chinese...

• Jan 30, 2024

A court in Hong Kong has ordered liquidation of debt-laden Chinese property giant Evergrande.Judge Linda Chan has said, “enough is enough” after the troubled developer repeatedly failed to come...

16 States’ revenues in April-November FY24 grow by a...

• Jan 29, 2024

Combined revenue receipts of 16 State governments recorded “shallow” growth of about 5 per cent during the April-November period of the current financial year, much lower than the budgeted 17.4...

Foreign inflow into realty slides by 30% in 2023, but...

• Jan 28, 2024

Inflow of funds in Indian real estate from foreign investors fell by 30 per cent to $2.73 billion last year, but the influx jumped more than two times from domestic players to $1.51 billion,...

Microsoft set to slash 1,900 of staff at Activision...

• Jan 26, 2024

Microsoft was cutting around 1,900 jobs at Activision Blizzard and Xbox, the Reuters quoted a news website report on Thursday, citing an internal memo from the head of the company’s...

New disclosure norms not to impact a large number of FPIs:...

• Jan 25, 2024

Market regulator SEBI does not expect a large number of foreign portfolio investors (FPIs) to be impacted by the new beneficial ownership disclosure norms, according to sources. The norms are...

Coal-based power generation rises by 10.13% in...

• Jan 24, 2024

The country’s coal-fired power generation showed significant growth of nearly 10.13 per cent from April to December 2023 compared to that of the corresponding period of the previous...

Sony scraps $10-bn Zee deal after failing to agree on...

• Jan 23, 2024

The Sony Group sent a termination letter to Zee Entertainment Enterprises (Zee) on Monday, informing the company of its decision to call off the proposed $10-billion media merger deal, bringing an...

RIL to open New Energy Giga Complex with 5 plants in...

• Jan 22, 2024

Billionaire Mukesh Ambani’s Reliance Industries (RIL) will commission a New Energy Giga Complex in Gujarat in the second half (H2) of 2024, the company has said in an earnings statement and...

Indian airlines’ order book set to soar to 2,000 by March...

• Jan 20, 2024

Indian carriers are expected to have an order book for 2,000 planes by March next year, with long-term rapid growth for both domestic and international air traffic, according to a report on Friday....

HDFC Bank applies for licence in Singapore to tap Indian...

• Jan 19, 2024

HDFC Bank, India’s biggest private sector lender, is seeking to open its first branch in Singapore, signalling its overseas ambitions after sewing up a landmark merger with mortgage financier...

China’s 2023 GDP growth slows to 5.2% amid weak...

• Jan 18, 2024

China’s economy grew by 5.2 per cent in 2023, slightly more than the official target. But the recovery was far shakier than many analysts and investors expected, with a deepening property crisis,...

Gujarat and Karnataka top the list of best performers in...

• Jan 17, 2024

Gujarat and Karnataka are ranked as the best performers in developing startup ecosystem for budding entrepreneurs, according to the ranking of States and Union Territories (UTs) by the Department for...

Computer software services exports up by 12.21% to $193...

• Jan 16, 2024

Exports of computer software and services, including IT-enabled services (ITeS) and BPO, logged 12.21 per cent growth during 2022-23 to touch $193 billion, according to estimates by Electronics and...

ONGC makes two natural gas discoveries in Mahanadi basin...

• Jan 15, 2024

State-owned Oil and Natural Gas Corporation (ONGC) has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal. With this, its calculated...

No proposal before govt to scrap curbs of export of wheat,...

• Jan 14, 2024

Union Minister Piyush Goyal on Saturday said that there was no proposal before the government as of now to lift export curbs on wheat, rice and sugar. He also said that the country would not...

Tatas strike two deals worth Rs 7,000 crore to snap up...

• Jan 13, 2024

Tata Consumer Products on Friday said that it would be buying a 100 per cent stake in Capital Foods, which markets its products under Ching’s Secret and Smith &...

Net direct tax mop-up in April-January rises by 19.41% to...

• Jan 12, 2024

Net direct tax collection so far in this financial year rose by 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per cent of the full-year target, the Income Tax Department said on...

Hewlett Packard Enterprise to snap up Juniper Networks for...

• Jan 11, 2024

Hewlett Packard Enterprise will buy networking gear-maker Juniper Networks for $14 billion in an all-cash deal in an attempt to spruce up the company’s artificial intelligence (AI)...

New jewellery park will help achieve $75-billion export...

• Jan 11, 2024

Gem and jewellery industry belonged to Mumbai as Mumbai accounted for 72 per cent of the annual $37 billion of exports, said Maharashtra Deputy Chief Minister Devendra Fadnavis. Mr Fadnavis was...

Footwear industry set to expand by three times to $90...

• Jan 10, 2024

Market size of Indian footwear industry can increase by over three times to $90 billion by 2030, provided a host of measures such as a ban on imports, fiscal incentives, more design centres and...

Ministry of Road Transport notifies new emission test...

• Jan 09, 2024

The Ministry of Road Transport and Highway (MoRTH) has notified new emission test standards for vehicles seeking approval under BS-VI emission norms. According to the new standards notified by the...

Post-Alaska mishap, DGCA tells airlines to check emergency...

• Jan 07, 2024

The Directorate General of Civil Aviation (DGCA) on Saturday asked all Indian carriers to inspect emergency exits of their Boeing 737-8 Max aircraft.The directive came a day after a window and a...

NSO’s first advance estimates peg real GDP growth of 7.3%...

• Jan 06, 2024

Growth in real Gross Domestic Product (GDP) during 2023-24 was estimated at 7.3 per cent as compared to 7.2 per cent in 2022-23, the National Statistical Office (NSO) said on Friday in its first...

Fuel retailers raise price of maize-based ethanol by Rs...

• Jan 05, 2024

State fuel retailers have raised the purchase price of ethanol made from maize by Rs 5.79 a litre to Rs 71.86 rupees per litre to encourage its production for blending with gasoline, according to...

AT THE HELM - Ashok Vaswani: MD & CEO,Kotak Mahindra Bank

• Jan 04, 2024

It was an appointment and an approval that stunned many in banking circles. Late October, the Reserve Bank of India (RBI) approved the appointment of veteran banker Ashok Vaswani as MD and CEO of...

MANAGEMENT MANTRA - “Walk The Talk” Rajan Bahadur,...

• Jan 04, 2024

Rajan Bahadur has more than 35 years of extensive cross-industry experience in FMCG, travel and tourism, financial services, hospitality and the social sector. The CEO of Tourism & Hospitality...

HOT SEAT - Wedding Planner & More: Mukta Kapoor,...

• Jan 04, 2024

Focussed, disciplined and sensitive, Delhi-based Mukta Kapoor is a seasoned communication professional who likes to engage herself in several projects beyond the realm of marketing and...

Supreme Court says no to probe other than SEBI’s in...

• Jan 04, 2024

The Supreme Court on Wednesday said that the Adani Group did not need to face more investigations beyond the current scrutiny of the market regulator. This is seen as a major relief for the...

Chinese central bank infuses $50 billion into policy banks...

• Jan 03, 2024

The People’s Bank of China (PBOC) injected nearly $50 billion worth of low-cost funds into policy-oriented banks last month, suggesting that the central bank may be ramping up financing for housing...

December GST mop-up rises by 10.30% YoY, but sequentially...

• Jan 02, 2024

Goods and Services Tax (GST) collection in December 2023 rose by 10 per cent to Rs 1.64 lakh crore, showed government data on Monday.At Rs 1,64,882 crore, the revenues for December 2023 were 10.30...

Electronics manufacturing to expand by 15% to $115 billion...

• Jan 01, 2024

India’s electronics manufacturing sector is set to grow by 15 per cent to be worth $115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of...

Time To Downgrade Rating Agencies, Steeped In Bias &...

• Dec 31, 2023

It is a confounding paradox of the modern world. Global credit rating agencies had lost their credibility a long time ago. Yet they continue to hold sway and companies and sovereign countries seek...

Core sector growth slows by 7.8% q-o-q, hit by low...

• Dec 30, 2023

Growth in production of eight key infrastructure sectors slowed to a six-month low of 7.8 per cent in November due to a decline in output of crude oil and cement sectors. The growth rate in...

Binance, eight other crytopcurrency trading platforms get...

• Dec 29, 2023

The Financial Intelligence Unit (FIU) under the Finance Ministry has issued show-cause notices to nine offshore cryptocurrency and virtual digital assets platforms, like Binance and Kucoin, for...

Chinese automobile company BYD set to race past Tesla soon...

• Dec 28, 2023

China’s BYD Co bills itself as the biggest car brand you have never heard of. It might need a different tagline soon. The automaker is poised to surpass Tesla as the new worldwide leader in...

Reliance, Walt Disney ink non-binding pact to merge Indian...

• Dec 27, 2023

Reliance Industries and Walt Disney have signed a non-binding term sheet to merge their Indian media operations, according to a newspaper report, which has cited sources without naming...

PLI Scheme for 14 sectors gets Rs 95,000 crore investments...

• Dec 27, 2023

The Production-Linked Incentive (PLI) Scheme for 14 sectors had attracted over Rs 95,000 crore in investment till September this year, an official statement said on Tuesday. According to the...

Automakers see a moderate 2024 after record-breaking sales...

• Dec 25, 2023

After posting record-breaking volumes in 2023, Indian automobile industry is driving into the new year aware of a lurking moderation in sales growth but ready to embrace green technologies, led by...

Global client scraps $1.5-bn MoU with Infosys amid slump in...

• Dec 24, 2023

Information technology (IT) solutions company Infosys informed on Saturday that a global client had decided to terminate the Memorandum of Understanding (MoU) signed in September. The MoU pertained...

NFRA flags gaps in audit of IL&FS by EY network firm SRBC &...

• Dec 23, 2023

The National Finance Reporting Authority (NFRA) has found a number of gaping holes in the audit of Infrastructure Leasing & Financial Services (IL&FS) for 2017-18. These include failure to...

Walmart pumps $600 million into Flipkart; new investors...

• Dec 22, 2023

Walmart, e-commerce company Flipkart’s biggest shareholder, is set to infuse about $600 million in a new fund-raising for the startup, a Flipkart spokesperson has said. Flipkart is in talks to...

Bauma CONEXPO India, CFI join hands for exhibition,...

• Dec 21, 2023

Bauma CONEXPO India will partner with Construction Federation of India (CFI) for its upcoming 7th edition in North India. One of the premier industry associations in the country, representing...

India’s outstanding debt in September quarter rises to Rs...

• Dec 21, 2023

The country’s total debt, or the total outstanding bonds which are traded in the market, rose to $2.47 trillion (Rs 205 lakh crore) in the September quarter, according to a report. The total debt...

States get nod to borrow Rs 60,876.80 crore more for...

• Dec 20, 2023

The Department of Expenditure, under the Ministry of Finance, on Tuesday approved an extra borrowing ceiling of over Rs 60,876.80 crore to 22 States in 2023-24 for contribution to the National...

UP races past major States to emerge as India’s...

• Dec 19, 2023

Uttar Pradesh became India’s second-largest economy, surpassing key States and surging ahead in a commendable stride towards Chief Minister Yogi Adityanath’s ambitious goal of achieving the...

Prime Minister Narendra Modi inaugurates Surat Diamond...

• Dec 18, 2023

Prime Minister Narendra Modi on Sunday inaugurated the Surat Diamond Bourse, the world’s largest and modern centre for international diamond and jewellery business.Mr Modi inaugurated the diamond...

Adani buys a majority stake in IANS India for an...

• Dec 17, 2023

Billionaire Gautam Adani’s group has acquired a majority stake in news agency IANS India for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing,...

Reliance, JSW, BPCL & 11 others bid for sops under green...

• Dec 16, 2023

Reliance Industries, JSW Energy, Torrent Power and Bharat Petroleum Corporation (BPCL) are among 14 companies that have bid for incentives under green hydrogen plan, according to a government...

Net direct tax touches 58.34% of Budget Estimates at Rs...

• Dec 15, 2023

Net direct tax collection in the eight months of the current financial year touched 58.34 per cent of Budget Estimates (BE) at Rs 10.64 lakh crore. Net tax collection for April-November stood at...

COP28 ends with a deal calling for “a transition away...

• Dec 14, 2023

Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, signalling the...

November CPI inflation up at 5.55%; IIP surges to 16-month...

• Dec 13, 2023

Retail inflation measured by Consumer Price Index (CPI) surged by 5.55 per cent in November on an annual basis as against a four-month low of 4.87 per cent in October, data released by the Ministry...

Govt may stick to total tax collection target of Rs 33.61...

• Dec 12, 2023

The government was likely to stick to the budgeted estimate of total tax collection target of Rs 33.61 lakh crore for the current financial year in the revised estimates, a senior Finance Ministry...

EU clinches deal for a landmark law to regulate AI systems,...

• Dec 11, 2023

Europe has reached a provisional deal on landmark European Union (EU) rules governing the use of artificial intelligence (AI), including governments’ use of AI in biometric surveillance and how to...

SEBI chief Madhabi Puri Buch mulls launching sachet SIPs at...

• Dec 10, 2023

SEBI Chairperson Madhabi Puri Buch has said that the capital markets regulator wishes to sachetise mutual fund investments going forward. Speaking at an event hosted by the Business...

Prime Minister Modi opens two-day Uttarakhand Global...

• Dec 09, 2023

Prime Minister Narendra Modi on Friday inaugurated Uttarakhand Global Investors’ Summit 2023 being held at the Forest Research Institute in Dehradun. Mr Modi also took a walkthrough of the...

Apple asks its suppliers to make batteries in India to...

• Dec 08, 2023

In a development that will deepen India’s local value addition in the mobile and electronics manufacturing chain, Apple has asked its suppliers to make batteries for its forthcoming iPhone 16...

FedEx invests $100 million in Hyderabad tech hub to boost...

• Dec 06, 2023

FedEx Express, an arm of New York Stock Exchange-listed, global express transportation company FedEx Corp, on Tuesday inaugurated its first tech hub in India in Hyderabad, to set up at an investment...

ReNew Energy inks pact with ADB for a funding of $5.3...

• Dec 05, 2023

Renewable energy company ReNew Energy Global has inked an initial pact with the Asian Development Bank (ADB) for a funding of $5.3 billion. “The MoU was signed at COP28, Dubai by ReNew’s...

LIC set to open office in GIFT City to consolidate overseas...

• Dec 04, 2023

Life Insurance Corporation of India (LIC) is planning to open office in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC) in Gandhinagar, Gujarat,...

AT THE HELM - Claudia Goldin, Economics Professor, Harvard...

• Dec 04, 2023

It was indeed a path-breaking moment for both women and economics. Early October, Claudia Goldin, an eminent economics professor of the Harvard University, was awarded the Nobel Prize in economics...

MANAGEMENT MANTRA - “Dream It, Build It”: Shariq...

• Dec 04, 2023

Shariq Sheriff firmly believes that creating exceptional experiences drives success. The dynamic co-founder of Area83 – one of the premier luxury adventure sports resorts based in Bengaluru, has...

HOT SEAT - A Passionate Hotelier: Niketa Sharma, Founder &...

• Dec 04, 2023

Niketa Sharma is a dedicated, driven and passionate restaurateur who has set her mark in the male-dominated hospitality industry. Hailing from Mumbai and daughter of Pradeep Sharma – a former...

Construction industry turns robust again as housing boom...

• Dec 03, 2023

If India needed any more proof that it was in the midst of a huge housing boom, it got in this week’ GDP data, heightening expectations that the industry will continue to power the economy for...

Tesla’s Cybertruck at $60,990, over 50% more than price...

• Dec 02, 2023

Tesla’s long-delayed Cybertruck will be priced starting at $60,990, over 50 per cent more than what CEO Elon Musk had touted in 2019, and cost analysts have said that they will draw select,...

Manufacturing, urban consumption drive Q2 FY24 GDP up by...

• Dec 01, 2023

Gross Domestic Product (GDP) for the second quarter (Q2) of the ongoing financial year accelerated to 7.6 per cent year-on-year, showed data shared by the Ministry of Statistics and Programme...

PE players, new young investors & a host of factors are...

• Nov 30, 2023

The primary market is on cloud nine. In the 11 months of 2023, 47 companies have successfully raised Rs 44,298 crore through initial public offers (IPO). SME IPOs have also seen a record run during...

Aster DM Healthcare to sell 65% in Gulf business to Fajr...

• Nov 29, 2023

Hospital chain Aster DM Healthcare has agreed to sell a majority stake in its Gulf business to an investor group based in the region for $1 billion as a part of a plan to separate the unit from its...

Taiwan’s Foxconn lines up $1.6-billion investment to...

• Nov 28, 2023

Taiwan-based Foxconn’s Hon Hai Technology on Monday announced investment of $1.6 billion to build a factory in India.Foxconn, a prominent Apple supplier, said that its unit Foxconn Singapore had...

China, Japan & South Korea foreign ministers agree to...

• Nov 27, 2023

China, Japan and South Korea agreed on Sunday to restart cooperation and pave the way for a summit in the latest move to ease tensions between the Asian neighbours. Even as China and the US seek...

Black Friday sales see US customers making a huge shift to...

• Nov 26, 2023

Mastercard Spendingpulse said on Saturday that US retail sales on Black Friday rose by 2.5 per cent year-over-year, excluding automotive sales, not adjusted for inflation. In September,...

SEBI moots easier insider trading norms, proposes to cut...

• Nov 25, 2023

Markets regulator SEBI on Friday proposed to ease certain provisions of the insider trading law. This will make it easier for management to trade in company shares without running afoul of the law,...

Coal India may double volume of e-auction to 60 mt in G2 of...

• Nov 24, 2023

Coal India is likely to e-auction approximately 60 mt of coal in the second half of the current financial year, according to estimates indicated by the management. This represents a significant...

CG Power plans to set up a $791-million semiconductor unit...

• Nov 23, 2023

Shares of CG Power and Industrial Solutions were locked in the 20 per cent upper circuit at Rs 469, a record high, on Wednesday after the company announced a plan to set up a semiconductor facility...

Go First may fly into liquidation as lone bidder Jindal...

• Nov 22, 2023

Jindal Power, the only company whose expression of interest (EoiI to take over Go First was accepted by creditors, had decided not to follow through with a bid, three people familiar with the plans...

OpenAI staff threaten to quit and join Altman, demand for...

• Nov 21, 2023

OpenAI’s staff on Monday threatened to quit the artificial intelligence (AI) startup and join former boss Sam Altman at Microsoft’s new division unless the board resigned. Revolting OpenAI...

Did India’s GDP ‘poll vault’ past $4 trillion? No...

• Nov 20, 2023

Billionaire Gautam Adani to two Union Ministers and Maharashtra Deputy Chief Minister Devendra Fadnavis among others on Sunday hailed India crossing $4-trillion mark. However, there was no official...

ChatGPT-maker OpenAI sacks CEO Sam Altman, the human face...

• Nov 19, 2023

The board of the company behind ChatGPT on Friday fired OpenAI CEO Sam Altman – to many, the human face of generative AI – sending shockwaves across the tech industry. OpenAI’s Chief...

NPCI tells banks to deactivate dormant UPI IDs after...

• Nov 18, 2023

National Payments Corporation of India (NPCI) has released guidelines to deactivate inactive Unified Payments Interface (UPI) IDs and associated UPI numbers in order to secure the UPI ecosystem and...

RBI hikes risk weights for banks’, NBFCs’ surging...

• Nov 17, 2023

The Reserve Bank of India (RBI) on Thursday tightened norms related to unsecured lending portfolios of banks and non-banking financial companies (NBFCs) amid concerns of abnormally-high growth in the...

India’s Russian imports surge by 64% in Apr-Oct FY24,...

• Nov 16, 2023

India’s imports from Russia rose by 64 per cent to $36.27 billion during the April-October period of FY24 on higher shipments of crude oil and fertiliser, according to the Commerce Ministry’s...

Government set to auction 20 critical mineral blocks in...

• Nov 15, 2023

The government will invite bids for 20 critical mineral blocks in next two weeks, according to a top official. The 20 critical blocks include lithium and graphite mines, Mines Secretary V L Kantha...

CPI inflation in October at 4.87% below RBI’s upper...

• Nov 14, 2023

Retail inflation as measured by Consumer Price Index (CPI) eased to a four-month low of 4.87 per cent in October from 5.02 per cent the previous month, government data showed on Monday. Food...

Sensex, Nifty soar as Goddess Lakshmi smiles in special...

• Nov 13, 2023

Samvat 2080 started off with a big bang as bullish investors bought blue-chip stocks during the special Muhurat trading session on Sunday. The BSE Sensex vaulted by 355 points, or 0.55 per cent, to...

Government tables new Bill to regulate OTT, digital and new...

• Nov 11, 2023

The government on Friday unveiled a Bill that seeks to consolidate regulatory framework for broadcasting services, including Over-The-Top (OTT) and digital media content. The Broadcasting...

Tata Tech woos Morgan Stanley, Blackrock & others to invest...

• Nov 10, 2023

Tata Technologies (Tata Tech) is in talks with Morgan Stanley Investment Management, Blackrock and some US hedge funds to invest in its initial public offer (IPO) at a valuation of $2.5 billion, two...

MANAGEMENT MANTRA - “Think Beyond Imagination!”: Nikhil...

• Nov 09, 2023

Nikhil Goyal, a serial entrepreneur, conservationist, investor and speaker, is versatile with diverse interests and accomplishments. Mr Goyal, the founder and CEO of Beyond Imagination...

HOT SEAT - Nurturing Talent: Vaidehi Desai, Chief Human...

• Nov 09, 2023

Vaidehi Desai comes across as a very contented person, committed professional and a loving family person. The dynamic chief human resources officer of SHOTT India – a company engaged in talent...

At The Helm - Sekharipuram Narayanan Subrahmanyan, CMD, L &...

• Nov 09, 2023

The man who sowed the seeds of a new Larsen & Toubro (L&T) is now in charge of the engineering and construction behemoth. Sekharipuram Narayanan Subrahmanyan – better known as SNS –...

Dabur India eyes acquisitions, armed with Rs 7,000 crore of...

• Nov 09, 2023

With substantial cash reserve of Rs 7,000 crore, Dabur India is actively seeking acquisition opportunities in the healthcare and home and personal care sectors as well as in the online space. The...

FDI in China turns negative for the first time in Q3 of...

• Nov 08, 2023

A measure of foreign investment into China turned negative for the first time since records began in 1998, highlighting how foreign companies are pulling money out of the country due to geopolitical...

NMDC’s subsidiary Legacy is readying to mine gold in...

• Nov 07, 2023

State-owned iron ore miner NMDC’s subsidiary, Legacy Iron Ore, is set to mine gold in western Australia, the government has said in a statement. NMDC will commence its mining operation at the...

Japanese delegation meets UP CM & explores investment...

• Nov 06, 2023

A high-level Japanese delegation – led by Japan’s Ambassador to India Hiroshi Suzuki, Political Counsellor of Japanese Embassy Kentaro Orita and Second Secretary Mayumi Tsubakimoti – held a...

Free foodgrain scheme extended for 5 years to benefit 81.35...

• Nov 05, 2023

The BJP-led Centre has extended free ration scheme for the 80 crore poor for the next five years. Prime Minister Narendra Modi made the announcement at a rally in Chhattisgarh on Saturday. According...

US labour market finally loosens and adds fewer jobs in...

• Nov 04, 2023

US job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s Big-Three carmakers depressed manufacturing payrolls. Besides, the increase in annual...

Tata Motors joins hands with JLR to roll out premium EV...

• Nov 03, 2023

Tata Motors on Thursday announced that it had partnered with JLR for development of its premium pure electric series Avinya. Tata Passenger Electric Mobility (TPEM) signed an MoU with JLR...

Over 97% of Rs 2,000 notes returned; Rs 10,000-cr of notes...

• Nov 02, 2023

The Reserve Bank of India (RBI) on Wednesday said that more than 97 per cent of the Rs 2,000 banknotes in circulation had been returned to the banking system and only Rs 10,000 crore worth of such...

L&T enters fabless semiconductor chip design, lines up Rs...

• Nov 01, 2023

Larsen & Toubro (L&T) is foraying into fabless semiconductor chip design by setting up a subsidiary, the engineering major has said. The company’s board has approved incorporation of a...

Few takers for rupee trade amid capital controls, meagre...

• Oct 31, 2023

It is over a year since India seriously began looking at settling global trade transactions in rupees. In July 2022, the Reserve Bank of India (RBI) unveiled a framework for Indian banks and traders...

UAW’s ongoing strike at GM spreads to automaker’s...

• Oct 30, 2023

The United Auto Workers (UAW) has expanded its strike against General Motors (GM) to include its Spring Hill, Tennessee, engine plant, a move that could stall GM's large pickup production and...

Ericsson sets up 6G R&D centre in Chennai, eyes tie-ups...

• Oct 29, 2023

Swedish telecom gear-maker Ericsson on Saturday announced setting up a 6G research and development (R&D) centre in Chennai. Ericsson is also looking to partner with other premier engineering...

With Wistron deal, Tata Group becomes first Indian company...

• Oct 28, 2023

The Tata Group has acquired Wistron’s operations in India, paving the way for it to manufacture and assemble Apple iPhones in India for both domestic and global markets. The announcement was made...

Basmati export floor price slashed to $950/tonne to push...

• Oct 27, 2023

The Union government has reduced the floor price for basmati rice exports to $950 per tonne from $1,200 per tonne amid concerns that higher prices were hurting outward shipments. In a...

India flays EU, UK for clamping safeguard measures on its...

• Oct 26, 2023

India has criticised the European Union (EU) and the UK at the World Trade Organization (WTO) for continuing with the safeguard measures on its steel exports. At the meeting of the Committee on...

Electric cars on roads worldwide set to zoom by almost 10...

• Oct 25, 2023

The energy world was set to change significantly by 2030, based on the current policy settings, which included almost 10 times as many electric cars on the road worldwide, the International Energy...

Chevron set to buy Hess for $53 billion, signifying...

• Oct 24, 2023

Chevron Corp agreed to buy Hess Corp in a deal worth $53 billion on Monday, the latest major consolidation in the US oil industry. In an all-stock transaction, Chevron will pay $171 per share...

86 thermal power plants “critical” with less than 25%...

• Oct 23, 2023

As many as 86 thermal power plants in the country, including six imported dry fuel-based, had critical coal stock levels as of October 18, according to a Central Electricity Authority (CEA) report....

RBI nod for Ashok Vaswani as MD and CEO of Kotak Mahindra...

• Oct 22, 2023

Private sector lender Kotak Mahindra Bank on Saturday said that it had received the Reserve Bank of India’s (RBI) approval for appointment of veteran banker Ashok Vaswani as managing director and...

China puts curbs on graphite exports; move set to hamper EV...

• Oct 21, 2023

China said on Friday that it would require export permits for some graphite products to protect national security. The move has sprung a surprise with another bid to control critical mineral supply...

NCLT’s nod for Himadri-Dalmia’s resolution plan for...

• Oct 20, 2023

Birla Tyres announced that the National Company Law Tribunal (NCLT) had approved the resolution plan for the company on Thursday in a regulatory filing with BSE. Shortly after Birla Tyres’ filing,...

Around 70% of two-wheelers on roads expected to be electric...

• Oct 19, 2023

Heavy Industries Secretary Kamran Rizvi said on Wednesday that 60-70 per cent of the total two-wheelers on the road would be electric. He added that the numbers reflected that the public was actively...

Government eyes Rs 1,100 crore from a 7% stake sale in...

• Oct 18, 2023

The Union government will sell up to a 7 per cent stake in State-run housing finance company, Housing and Urban Development Corporation (HUDCO), through an Offer For Sale (OFS) this week, according...

Grasim Industries to mop up Rs 4,000 crore through a rights...

• Oct 17, 2023

Grasim Industries said that its board of directors at its meeting on Monday approved to raise Rs 4,000 crore via rights issue. The record date for the rights issue will be announced later. The...

IT hiring to slow down amid falling global growth, cut in...

• Oct 16, 2023

Weak global cues and a cut in discretionary spending by clients are expected to sharply reduce campus intake by the Indian IT industry this year. Market watchers opine that Infosys’ and HCL...

Subdued consumer prices point to Chinese economy headed for...

• Oct 15, 2023

China’s consumer prices remained flat in September, according to figures released recently. The numbers again show weak consumer demand as the world’s second-largest economy continues to stumble...

Govt rolls back move to impose curbs on import of laptops...

• Oct 14, 2023

The government is rolling back its plan to restrict laptop imports, months after suddenly announcing the move to introduce a licence system which was aimed at boosting domestic production but had...

CPI-based inflation eases to 5.02% in September; August IIP...

• Oct 13, 2023

Retail inflation declined to a three-month low of 5.02 per cent in September, mainly due to easing food prices, according to the government data released on Thursday. The inflation has come back to...

TCS’ fifth buyback offer of Rs 17,000 crore at Rs 4,150...

• Oct 12, 2023

Tata Consultancy Services (TCS) announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on Wednesday. The buyback price was at a premium of about 15 per cent to the prevailing...

Four Vivo executives, including a Chinese national,...

• Oct 11, 2023

The Enforcement Directorate (ED) on Tuesday arrested four executives of Chinese smartphone-maker Vivo, including one Chinese national, a report by the news agency Reuters said, citing...

Claudia Goldin’s gender pay research wins her Nobel Prize...

• Oct 10, 2023

This year’s Nobel Prize for Economics has been awarded to Claudia Goldin, an American economic historian, for her work on women’s employment and pay. Prof Goldin’s research uncovered key...

Oil traders mull options over disruption in supplies as...

• Oct 09, 2023

As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is key: Will the conflict spread to the rest of the region? Crude oil traders do not expect...

Big Relief for millets, molasses as GST Council cuts taxes...

• Oct 08, 2023

The GST Council on Saturday announced its decision to reduce taxes on molasses from 28 to 5 per cent. Union Finance Minister Nirmala Sitharaman said that the move would “benefit sugarcane...

Rajnish Kumar Singh completes acquisition of Sheetal...

• Oct 07, 2023

Rajnishkumar Singh, the visionary behind Rajnish Wellness Ltd’s success with Dava Discount stores, has completed acquisition of Sheetal Diamonds Ltd. Mr Rajnish Kumar acquired a 26 per cent stake...

Balancing inflation outlook and growth prospects, RBI keeps...

• Oct 07, 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Friday that the central bank’s Monetary Policy Committee (MPC) had unanimously opted to maintain the key Repo Rate at 6.5 per cent,...

Amendments to Cable TV rules notified, pave the way for...

• Oct 06, 2023

In a bid to boost investors’ confidence, the government on Thursday notified amendments to the Cable Television Networks Rules that provide the operational mechanism for implementation of the...

Sadhana Nitro Chem sees high profits ahead with new plants...

• Oct 06, 2023

Sadhana Nitro Chem, a leading manufacturer of intermediate speciality chemicals, has commissioned new plants. The company has said that the new plants will eventually lead to increased...

HOT SEAT - Amazing All-Rounder: Ritu Soni Bhagat, Author &...

• Oct 06, 2023

Ritu Soni Bhagat is an awe-inspiring multi-faceted personality. A postgraduate in English literature with a BEd degree, Ms Bhagat has been teaching English language and literature in renowned...

“Always Protect Your Client” - Kush Gupta, Director,...

• Oct 06, 2023

Kush Gupta is a stickler for routine. He believes that a day planned in advance and in detail will help in completing work smartly and efficiently. Mr Gupta, the Director of SKG Assets &...

Abhijit Chakravorty, MD and CEO, SBI Cards and Payment...

• Oct 06, 2023

Number of credit cards has been steadily rising in the country. There were over 8.6 crore credit cards outstanding as of April 2023, according to the Reserve Bank of India’s (RBI) latest data....

UBS sees high-income Indians’ spending surging during the...

• Oct 05, 2023

ndian consumer spending may rise this year reveals a report based on the fourth wave of the UBS Evidence Lab India post-COVID consumption outlook consumer survey. The survey, which was conducted with...

J&J gets relief in talc powder case as New Jersey court...

• Oct 04, 2023

A New Jersey appeals court on Tuesday threw out a $223.8-million verdict against Johnson & Johnson (J&J) that a jury had awarded to four plaintiffs. These plaintiffs had claimed that they had...

Kandla, Paradip, Tuticorin picked to develop as hubs for...

• Oct 03, 2023

In a move to expedite India’s goal of becoming a significant player in the global hydrogen market, the Ministry of Shipping and Ports has identified three key ports – Kandla, Paradip and...

Cases under IBC resolution set to hit 300 in FY24, reveals...

• Oct 02, 2023

Number of resolutions of stressed assets under the insolvency law was likely to touch 300 this year, IBBI Chairperson Ravi Mittal said on Sunday and urged resolution professionals to speed up the...

India’s inclusion into global bond index may see inflows...

• Oct 01, 2023

From June 2024, Indian government bonds will be included in JPMorgan Chase & Co’s emerging market bond index. In fact, the inclusion of government securities in JPMorgan’s Government Bond...

Core sector growth for August surges to 14-month high of...

• Oct 01, 2023

Eight core sectors posted growth of 12.1 per cent in August, according to data released by the Ministry of Commerce and Industry on Friday. At 12.1 per cent, the growth in India’s eight key...

Chief Minister Yogi Adityanath is transforming Uttar...

• Sep 29, 2023

Uttar Pradesh is a State that presents immense possibilities in various sectors, including infrastructure, road, metro, air connectivity, waterways, logistics and sports. The North Indian State...

UAE’s IHC to sell stakes in Adani Green Energy and Adani...

• Sep 29, 2023

Abu Dhabi conglomerate International Holding Company (IHC) on Thursday said it would sell its stake in two of India’s Adani Group companies. The move comes as billionaire Gautam Adani’s business...

Kewal Kiran launches first exclusive boyswear brand Junior...

• Sep 28, 2023

Elevating the style quotient for young fashionistas, Junior Killer – India’s latest high street kids fashion brand from the house of Kewal Kiran Clothing was launched in Mumbai on...

Top-class cruise terminal coming up in Varanasi to boost...

• Sep 27, 2023

Union Minister Sarbananda Sonowal on Tuesday said that the government was planning to construct a world-class cruise terminal in Varanasi for expansion of river cruise tourism in the city. Addressing...

Strides Pharma to demerge CDMO, soft gelatine businesses...

• Sep 26, 2023

Strides Pharma Science on Monday said its board had approved a scheme of arrangement among group entities in order to create a separate contract development and manufacturing entity,...

SIDBI, DLAI ink pact to boost fintech sector, enhance MSME...

• Sep 24, 2023

Small Industries Development Bank of India (SIDBI) on Saturday said that it had inked an agreement with the Digital Lenders’ Association of India (DLAI) to boost the country’s fintech sector....

LIC gets over Rs 290-crore GST claim from Bihar tax...

• Sep 23, 2023

Life Insurance Corporation of India (LIC) has received a Goods and Services Tax receipt, including interest and penalty, of over Rs 290 crore from the Bihar State tax officials. In an exchange...

Cisco Systems to buy cybersecurity firm Splunk for about...

• Sep 22, 2023

Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business and capitalise on the boom in artificial...

John Grisham, other authors sue OpenAI for “unlawfully...

• Sep 21, 2023

A trade group for US authors has sued OpenAI in Manhattan federal court on behalf of prominent writers, including John Grisham, Jonathan Franzen, George Saunders, Jodi Picault and Game of...

Torrent Pharma in talks with Apollo Global to raise $1 bn...

• Sep 20, 2023

Torrent Pharmaceutical was in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, two people briefed on the discussions said on...

Household savings plunge to 50-year low in FY23 as incomes...

• Sep 19, 2023

Net financial savings of households fell to a nearly five-decade low of 5.1 per cent of GDP in FY23, down from 7.2 per cent in FY22, the Reserve Bank of India (RBI) said on Monday. The numbers...

India, Brazil start talks to end WTO sugar row; ethanol may...

• Sep 18, 2023

India and Brazil have started talks to resolve a sugar-related trade dispute at the World Trade Organization (WTO) mutually. As a part of the solution, the South American nation may share ethanol...

Ashok Leyland lines up Rs 1,000 crore for electric bus...

• Sep 17, 2023

Ashok Leyland has decided to set up a bus manufacturing plant, focused on electric and alternative fuel vehicles in Uttar Pradesh. Ashok Leyland intends to invest up to Rs 1,000 crore in this new...

Port Talbot to get 500 mn pounds from UK govt to keep steel...

• Sep 16, 2023

Port Talbot’s steelworks will be given up to 500 million pounds by the UK government in a bid to keep the plant open and produce steel in a greener way, but it could see thousands lose their...

SAT questions SEBI’s credibility in completing ZEEL case...

• Sep 15, 2023

The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Securities and Exchange Board of India’s (SEBI) credibility on completing its investigation within a stipulated time...

Bombay Dyeing to sell 22 acres in Mumbai to Sumitomo’s...

• Sep 14, 2023

Bombay Dyeing & Manufacturing Company on Wednesday said that its board of directors approved the proposal to sell the land parcel of about 22 acres in Worli, Mumbai, to a subsidiary of Japanese...

CPI inflation for August eases by 6.83%, while IIP for July...

• Sep 13, 2023

The Consumer Price Index (CPI)-based inflation for August came at 6.83 per cent as against a high of 7.44 per cent in July, according to data released by the National Statistical Office (NSO) on...

Sensex reclaims 67,000 points, Nifty hits record 20,000,...

• Sep 12, 2023

Benchmark Sensex jumped by 528 points to regain the 67,000 level, while Nifty scaled the record 20,000 mark for the first time on Monday. Robust buying by domestic investors helped equity markets...

Big breakthrough at G20 Summit: New Delhi Declaration...

• Sep 11, 2023

The New Delhi Leaders’ Summit Declaration was adopted on Saturday in a massive breakthrough as members of the G20 arrived at a “100 per cent consensus” on the opening day of the summit on...

PM Modi announces India-Middle East-Europe mega economic...

• Sep 10, 2023

Prime Minister Narendra Modi on Saturday announced launch of India-Middle East-Europe mega economic corridor. The project includes India, the UAE, Saudi Arabia, the European Union (EU), France,...

Incremental Cash Reserve Ratio to be discontinued in a...

• Sep 09, 2023

Reserve Bank of India (RBI) on Friday 8 said it had decided to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. “On a review, it has been decided to discontinue the...

Overheating of small-cap stocks brings fears of a downturn...

• Sep 08, 2023

A rally in Indian equities that has swelled the market’s total valuation by $775 billion in a little more than five months has been accompanied by a notable shift in investors’ preference to...

Ind-Swift Labs to sell API & CRAMS businesses to IndiaRF...

• Sep 07, 2023

Drug firm Ind-Swift Laboratories on Wednesday said that its board had approved to sell active pharmaceutical ingredients (APIs) and contract research and manufacturing services (CRAMS) businesses to...

Jio Financial Services set to be taken off Nifty 50, other...

• Sep 06, 2023

Jio Financial Services is slated to be removed from the Nifty 50 and other key indices of the National Stock Exchange (NSE), effective September 7.  This decision to exclude Jio Financial...

AT THE HELM - Sandeep Goyal, Chairman, Rediffusion

• Sep 05, 2023

It is not often that an employee ends up buying a company where he worked earlier. Sandeep Goyal accomplished that rare feat when his Mogae Consultants acquired Rediffusion in April 2021. Mr Goyal...

FACE TO FACE - “We Are Planning More Boutique...

• Sep 05, 2023

Saddam Zaroo has played a vital role in revolutionising hospitality and handicraft industries in Kashmir. Born into a family deeply rooted in business, Mr Zaroo was exposed to the complexities...

HOT SEAT - A Passionate Philanthropist: Sushma Lodha...

• Sep 05, 2023

Since her younger days, Sushma Lodha Singhvi nurtured a deep aspiration to establish a platform for underprivileged children. Ms Singhvi realised her childhood dream in 2004 by setting up Gunjan...

MANAGEMENT MANTRA - “Prioritise Customer Service”:...

• Sep 05, 2023

Inspired by his restaurateur father, Sudheer Behl, Ishaan Bahl ventured into Mumbai’s food and beverage industry at 22. Armed with fresh ideas and experiences from his time in Los Angeles and as...

SpiceJet allots 4.8 crore shares to nine lessors to clear...

• Sep 05, 2023

Low-cost carrier SpiceJet on Monday said that it had allotted over 4.8 crore shares to nine aircraft lessors to clear outstanding dues worth Rs 231 crore as the troubled airline looks to return to...

Input tax credit on items bought for distribution to...

• Sep 04, 2023

Businesses can claim input tax credit on items, like gold coins and white goods, procured for distribution to dealers upon achieving pre-specified sales targets as a part of promotional schemes, a...

Uday Kotak quits as MD and CEO of Kotak Mahindra Bank

• Sep 03, 2023

Uday Kotak, who founded and leads Kotak Mahindra Bank, has resigned as managing director and chief executive four months before his term was set to end. Mr Kotak’s early exit from the...

SRAM and MRAM partners with GFPS for semiconductor project...

• Sep 03, 2023

In a significant development for the semiconductor industry, SRAM and MRAM has announced its partnership with the Global Forum for Policy and Strategy (GFPS), a Geneva-based organisation, to find a...

New orders drive manufacturing to fastest three-month...

• Sep 02, 2023

Manufacturing sector experienced its fastest growth in three months in August, propelled by robust increases in new orders and production, as indicated by a private survey. The Manufacturing...

BigBloc Construction’s majority promoters’ group...

• Sep 02, 2023

A majority of the promoters’ group and its entities of BigBloc Construction, one of India’s largest manufacturers of aerated autoclaved concrete blocks, bricks and panels, have decided to waive...

Real GDP expands by 7.8% in Q1 of FY24, nominal GDP grows...

• Sep 01, 2023

India’s Gross Domestic Product (GDP) clocked a growth rate of 7.8 per cent in the April-June quarter of FY24 compared with 13.1 per cent in the year ago period, data released by the National...

Chandrayaan-3’s success makes India a space power and...

• Aug 31, 2023

On August 23, at a little past 6 pm Vikram, the lander of Chandrayaan-3, landed on the moon’s South Pole. The success of Chandrayaan-3 is one of the most defining moments in the country’s...

India poised for driest August in 100 years as El Nino...

• Aug 30, 2023

India is poised to experience the driest August since 1901 which, senior meteorologists say, is a clear result of intensifying El Nino conditions. Also, the monsoon this year may end up being the...

Reliance sets Sept 19 Ganesh Chaturthi muhurat for 5G home...

• Aug 29, 2023

Reliance Jio would launch its 5G home broadband service, JioAirFiber, on September 19, RIL Chairman Mukesh Ambani said on Monday as he also outlined aggressive plans for AI terming it the “most...

FDI inflow into India dips by 34% to $10.94 billion in Q1...

• Aug 28, 2023

Foreign direct investment (FDI) into India declined by 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and...

No silver bullet for green transition, need government...

• Aug 27, 2023

There was “no silver bullet” for green transition in hard-to-abate sectors, including steel, Tata Steel global CEO and MD T V Narendran said on Saturday. He noted that it was a complex challenge...

Indore smartest city, Madhya Pradesh tops States in smart...

• Aug 26, 2023

Indore on Friday bagged the best National Smart City Award, followed by Surat and Agra. The Central government announced the India Smart Cities Awards for 2022 on Friday. Madhya Pradesh won the best...

Meta Platforms all set to release AI model to write...

• Aug 25, 2023

Meta Platforms on Thursday said that it would release an artificial intelligence (AI) model designed to assist in writing computer code, furthering its push into the new technology. Code Llama,...

CHANDRAYAAN 3: Vikram lander sets foot on south pole of the...

• Aug 24, 2023

Chandrayaan 3’s Vikram lander successfully touched down on the moon’s south pole on Wednesday evening, sparking jubilation across the country. But the arduous task lies ahead for India’s third...

Over 1,100 exhibitors, 15,000 visitors expected at Bangkok...

• Aug 24, 2023

Thailand’s Department of International Trade Promotion (DITP) and the Gem and Jewelry Institute of Thailand (GIT) conducted a roadshow in Jaipur recently for the 68th Bangkok Gems &...

El Nino, India’s export ban send global rice prices...

• Aug 23, 2023

Prices for rice grown in Kenya soared a while ago because of higher fertiliser prices and a years-long drought in the Horn of Africa that has reduced production. Cheap rice imported from India had...

RBI pushes banks to settle UAE-India trade payments in...

• Aug 22, 2023

The Reserve Bank of India (RBI) was nudging local banks to ask their clients to settle trade between the United Arab Emirates (UAE) and India using the dirham (AED) or the rupee (INR) to reduce...

Murugappa family members agree to settle disputes, withdraw...

• Aug 21, 2023

The Murugappa family has agreed to settle the disputes between the family branch of the late M V Murugappan (including Valli Arunachalam and Vellachi Murugappan) on the one side and the rest of the...

Centre slaps 40% duty on onion exports to tame its surging...

• Aug 20, 2023

The Centre on Saturday imposed a 40 per cent duty on onion exports. The move is aimed at cooling down the price of the kitchen staple, which is 20 per cent higher as compared to its last year...

Banks, NBFCs can levy ‘penal charges’ but not ‘penal...

• Aug 19, 2023

The Reserve Bank of India (RBI) has issued fresh guidelines to regulated entities (REs) such as commercial and other banks, NBFCs and other lenders to ensure reasonableness and transparency in...

Darjeeling tea industry a “patient in ICU & on death...

• Aug 18, 2023

Darjeeling tea industry was a “patient in ICU” and virtually on its death bed, Indian Tea Exporters' Association (ITEA) Chairman Anshuman Kanoria said on Thursday.  For the Darjeeling...

Union Cabinet’s nod for Rs 32,000-crore projects of...

• Aug 17, 2023

The Union Cabinet, presided over by Prime Minister Narendra Modi, has given the green light to seven multi-tracking projects, marking an investment of Rs 32,500 crore. Union Railway Minister...

Foxconn’s Hyderabad facility to make Apple AirPods by...

• Aug 16, 2023

iPhone maker Apple will start manufacturing its wireless ear buds, AirPods, at Foxconn’s Hyderabad factory, according to sources. Foxconn has approved an investment of $400 million for...

July retail inflation jumps to 15-month high at 7.44%,...

• Aug 15, 2023

Retail inflation spiked to a 15-month high of 7.44 per cent in July as tomatoes, vegetables and other food items turned costlier, overshooting Reserve Bank of India’s comfort level for the first...

Deloitte had urged for independent probe of Hindenburg’s...

• Aug 14, 2023

Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller. But the company said that the allegations had...

Alphabet’s $118-bn cash pile is a problem of plenty for...

• Aug 13, 2023

Alphabet is facing a new and, by most accounts, welcome problem –how to spend its rapidly-expanding pile of cash. The Google owner generated nearly $29 billion in cash in the second quarter...

Cressanda Solutions on-boards four new directors to...

• Aug 13, 2023

Cressanda Solutions, a prominent Indian company founded in 1985 and publicly listed on BSE, specialises in delivering cutting-edge information technology (IT), digital media and IT-enabled services...

Zerodha gets SEBI’s approval to start mutual fund, Vishal...

• Aug 12, 2023

Brokerage firm Zerodha has received in-principle approval from the SEBI to launch its asset management company (AMC). “We just received the final approval for the Zerodha AMC that we are...

Uttar Pradesh’s EV Roundtable Conference sparks interest...

• Aug 12, 2023

An EV Roundtable Conference – a premier gathering of ministers of Uttar Pradesh, senior officers and industry leaders – took place in Lucknow on Friday to deliberate upon and chart a course...

RBI keeps Repo Rate unchanged at 6.5% once again, concerned...

• Aug 11, 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the central bank’s Monetary Policy Committee (MPC) decided to keep the key Repo Rate unchanged at 6.50 per cent in line...

Hester Biosciences’ consolidated net profit for Q1 of...

• Aug 11, 2023

Hester Biosciences, one of India’s leading animal health companies manufacturing vaccines and health products, has reported consolidated net profit growth of 88 per cent of Rs 6.71 crore in Q1 of...

SEBI halves IPO listing time to 3 days, benefiting both...

• Aug 10, 2023

Capital markets regulator SEBI on Wednesday halved the timeline for listing of shares on stock exchanges after the closure of initial public offers (IPOs) to three days from six days at...

FACE TO FACE - “Challenging Times Make Startups...

• Aug 10, 2023

Sanjay Sarda is among a rare breed of business executives who have spent their career across very diverse sectors. An alumnus of IIT Kharagpur and IIM Ahmedabad, Mr Sarda’s three-decade-long career...

BofA sees Nifty soaring to 20,500 points by December 2023

• Aug 09, 2023

BofA Securities has revised its Nifty target for December 2023 to 20,500 from of 18,000, following a shift in perspective from expecting a mild recession to anticipating no recession in the...

Lok Sabha passes data protection Bill, Opposition walks...

• Aug 08, 2023

Amid protests, the Lok Sabha on Monday passed the Digital Personal Data Protection (DPDP) Bill, 2023, with a voice vote, bringing India a step closer to its first law that establishes how private or...

PM Modi lays foundation stone for redevelopment of 508...

• Aug 07, 2023

Prime Minister Narendra Modi on Sunday laid the foundation stone for redevelopment of 508 railway stations across the country virtually. The redeveloped stations would cost more than Rs 24,470...

Maruti targets to double production capacity to 40 lakh...

• Aug 06, 2023

Maruti Suzuki India planned to double its production capacity to 40 lakh units in nine years, said Chairman R C Bhargava on Saturday. Mr Bhargava hinted that the automaker might reorganise its...

AT THE HELM - Linda Yaccarino, CEO, Twitter

• Aug 05, 2023

New chief executives may have taken charge of a job as challenging as Linda Yaccarino’s. The 59-year-old media veteran, who assumed the office of CEO of Twitter in early June, is likely to face...

HOT SEAT - Tanya Khanna, Founder, Epistle

• Aug 05, 2023

Tanya Khanna was always enamoured with designs. She finally turned her obsession into her vocation in 2011 by setting up Epistle. The New Delhi-headquartered company claims to be the first and...

Job addition grows at slow pace, but US labour market still...

• Aug 05, 2023

The US economy added fewer jobs than expected in July, but solid wage gains and a decline in unemployment rate back to 3.5 per cent pointed to continued tightness in labour market...

Government puts import curbs on laptops, computers;...

• Aug 04, 2023

The government on Thursday imposed import restrictions on laptops, tablets and certain types of computers with immediate effect for security reasons and the need to promote domestic...

“Place Customers At The Heart Of Every Decision”:...

• Aug 03, 2023

Hitesh Singla’s passion for learning knows no bounds. This passion keeps him improving himself constantly and leads him from success to success. The head of marketing for KAI India – the...

Fitch downgrades US credit rating to AA+; US government...

• Aug 03, 2023

Rating agency Fitch on Wednesday downgraded the US government’s top credit rating. The move drew an angry response from the White House and surprised investors, coming despite the resolution of the...

Wockhardt to restructure US operations, ties up with Serum...

• Aug 03, 2023

Wockhardt, a global pharmaceutical and biotechnology company, is aiming to turn around its business operations and has perused important strategic initiatives for the purpose. The company is eying...

Market upbeat amid stable economy and robust foreign...

• Aug 02, 2023

The stock market is on fire. The BSE Sensex and the NSE Nifty have hit multiple highs in the past few months. The benchmark indices closed at their latest all-time highs in mid-July, with the Sensex...

Eight-segment core sector growth in June 2023 slows down...

• Aug 01, 2023

Growth of eight key infrastructure sectors slowed down to 8.2 per cent in June 2023 compared to the year-ago month due to a decline in production of crude oil, natural gas and electricity, according...

Banks ready to account for only 33% of emissions via...

• Jul 31, 2023

Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these emissions from their own carbon footprint, three...

Govt mulls expanding Semiconductor DLI scheme to big...

• Jul 30, 2023

Aiming to make India self-reliant in chips, the government was looking to expand the Semiconductor Design-Linked Incentive (DLI) scheme to bigger companies and not restrict it only to startups,...

SEBI mulls linking retail investors’ wealth to their...

• Jul 29, 2023

Market regulator SEBI is set to propose linking the amount of equity derivatives retail investors may trade to their wealth, two people with direct knowledge of the matter have said. With share...

FM hints at govt launching PLI for chemicals &...

• Jul 28, 2023

The government would consider introducing Production-Linked Incentive (PLI) scheme for chemicals and petrochemicals to encourage domestic manufacturing of these products, Finance Minister Nirmala...

MRPL becomes the largest PSU refinery at a single location

• Jul 27, 2023

Mangalore Refinery and Petrochemicals (MRPL), a subsidiary of ONGC, has become the largest PSU refinery at a single location in India for 2022-23. The company achieved the feat by processing 17.14 mt...

Global rice prices set to spike after India’s ban on...

• Jul 26, 2023

Prices of rice are set to surge after top exporter India banned a large chunk of shipments recently. India’s rice ban adds to the stress on global food markets that have already been roiled by bad...

ITC plans hive-off of its hotel business, to own 40% in...

• Jul 25, 2023

ITC said on Monday that it would spin off its hotel business, separating it from its cigarettes and food units, sending shares 4 per cent lower on Monday. The cigarettes-to-hotels conglomerate...

Bain Capital to acquire 90% of Adani Capital and Adani...

• Jul 24, 2023

US-based investment firm Bain Capital said on Sunday that it had entered into an agreement to acquire 90 per cent of Adani Capital and Adani Housing, buying out all of the Adani family’s private...

EssilorLuxottica dragged to court for inflating Ray-Ban...

• Jul 23, 2023

The French-Italian owner of Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate prices by as much as 1,000 per cent. Paris-based EssilorLuxottica, the...

Go First gets DGCA’s nod to restart flights after meeting...

• Jul 22, 2023

The Directorate General of Civil Aviation (DGCA) on Friday approved Go Airlines’ plan to resume operations if it could meet certain conditions. The aviation sector regulator’s riders included...

Air India finalises deal with CFM International for 800...

• Jul 21, 2023

Air India has finalised an order for over 800 CFM International LEAP-series engines to power its incoming fleet of 210 Airbus A320neo/A321neos and 190 Boeing 737 MAX family aircraft. Air India...

G20 finance ministers’ meet vows to address debt...

• Jul 20, 2023

The third meeting of G20 Finance Ministers and Central Bank Governors in Gujarat’s Gandhinagar ended on Tuesday without a consensus on the “language” of a communique regarding the...

PSBs in real danger of privatisation despite playing vital...

• Jul 19, 2023

All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said State-run lenders were in “real danger of privatisation” despite playing a crucial...

Sheela Foam snaps up Kurlon for Rs 2,035 crore, buys House...

• Jul 18, 2023

Sheela Foam, the maker of mattress brand Sleepwell, on Monday said it would acquire a 94.66 per cent stake in Kurlon Enterprises (KEL) for Rs 2,035 crore. The company also said it would acquire...

PFC chairperson Parminder Chopra presented Icon of the Year...

• Jul 18, 2023

Parminder Chopra, the director (finance) and CMD (additional charge) of Power Finance Corporation (PFC), has been awarded the prestigious Icon of the Year award by the Institute of Cost...

Xiaomi eyes retail stores to boost sales and regain Indian...

• Jul 17, 2023

China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president has said. The mobile phone company is seeking to revive...

PNB MetLife clocks over 99% claims settlement ratio in FY23

• Jul 16, 2023

PNB MetLife on Saturday said it had achieved a claim settlement ratio of 99.06 per cent and 99.70 per cent for individual and group customers’ claims respectively in FY23. Punjab National Bank...

IMF chief calls for joint action against slowing growth,...

• Jul 15, 2023

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that the world will be looking for joint action to address rising economic fragmentation, slowing growth and high...

China’s June exports plunge by 12.4%; post-COVID recovery...

• Jul 14, 2023

China’s exports fell last month at their fastest pace since the onset of the COVID-19 pandemic three years ago as an ailing global economy put mounting pressure on Chinese policymakers for fresh...

Manufacturing, mining push industrial production up by 5.2%...

• Jul 13, 2023

Industrial output rose by 5.2 per cent year-on-year in May, data from the Ministry of Statistics showed on Wednesday. Manufacturing, which accounts for about 17 per cent of the Indian economy,...

Horse racing, casinos and online gaming set to attract 28%...

• Jul 12, 2023

Group of Ministers (GoM) decided to levy a 28 per cent Goods and Services Tax (GST) on the full value of online gaming, horse racing and casinos with no distinction between games of skill and chance...

Costly vegetables may upset inflation calculation, pushing...

• Jul 11, 2023

A steeper-than-expected surge in prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5 per cent in the July-September quarter, according...

Delhi HC rejects PepsiCo’s plea against order scrapping...

• Jul 10, 2023

The Delhi High Court recently rejected PepsiCo’s appeal against an order that had revoked a patent for a potato variety grown exclusively for the New York-based company’s...

Supreme Court orders SpiceJet to pay Maran in...

• Jul 08, 2023

In a jolt to low-cost airline SpiceJet, the Supreme Court on Friday refused to extend the time for making payment to media baron Kalanidhi Maran and his Kal Airways in pursuance of an arbitral award...

Time for submitting PAN-linked bank a/c details likely to...

• Jul 07, 2023

The GST Council is likely to reduce the time for submission of PAN-linked bank account details of a person seeking registration with tax authorities from 45 days to 30 days. The move is aimed at...

Tridhya SME IPO subscribed by over 72 times, issue price...

• Jul 07, 2023

Initial public offer (IPO) of Ahmedabad-based software development company, Tridhya Tech, was subscribed by over 72 times, the company has said in a release on Thursday.  Tridhya’s Rs...

Prime Minister Modi’s State visit adds depth to Indo-US...

• Jul 06, 2023

Prime Minister Narendra Modi’s recent State visit to the US brought the two nations closer to each other than ever before. Mr Modi’s three-day engagements with US President Joe Biden, other...

AT THE HELM - Ravneet Kaur, Chairperson, CCI

• Jul 05, 2023

In May this year, Ravneet Kaur took charge as the first, full-time, woman chairperson of the Competition Commission of India (CCI). The competition regulator was without a full-time chairperson...

MANAGEMENT MANTRA - “Embrace Change And Innovation”:...

• Jul 05, 2023

Vinay Kumar Singh always believes in constantly learning and adapting to new challenges and opportunities. So, when Mr Singh was offered an opportunity to head Thomson Digital, he happily made the...

FACE TO FACE - “We Will Open 100 Hotels by 2030”: S P...

• Jul 05, 2023

Pride Hotels started way back in 1988 with a single property in Pune. Over the past three decades, the Mumbai-headquartered hospitality company has grown manifold with presence in 56 locations...

HOT SEAT - Full Of Gusto: Mansi Gambhir, Founder, The Gusto

• Jul 05, 2023

In 2014, an accomplished engineer with extensive corporate experience threw her cushy job away and took the entrepreneurial plunge. She discovered her true calling in the world of bags with...

RBI rejects applications of three entities for small...

• Jul 05, 2023

The Reserve Bank of India (RBI) has rejected three applications, including that of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for...

Board of directors of IDFC First Bank agrees for its merger...

• Jul 04, 2023

The board of directors of IDFC First Bank on Monday approved the Scheme of Amalgamation of IDFC with IDFC First Bank.The merger will take place with a share exchange ratio of 155 equity shares of...

Fast repricing of loans aids banks’ NIM to rise to 3.3%...

• Jul 03, 2023

Banks’ net interest margin (NIM), a key profitability gauge, grew by 46 basis points to 3.3 per cent in the January-March quarter, driven by slower deposit rate resetting, an analysis shows. This...

Net profit of PSBs’ nearly triples to Rs 1.04 l cr in...

• Jul 02, 2023

Finance Minister Nirmala Sitharaman on Saturday said that public sector banks’ (PSBs) profit in the last nine years tripled to Rs 1.04 lakh crore due to initiatives taken by the government and...

India set to import 35% more tur at 12 lakh tonnes to check...

• Jul 01, 2023

Facing a sharp rise in tur prices amid lower production, India will import 12 lakh tonnes of the pulse in the current financial year, up by 35 per cent from the last year’s imports, to...

GST@6: Rs 1.5 l cr revenue new normal & many challenges...

• Jun 30, 2023

Six years after rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal. Besides, tax officers are focusing...

Banks’ net NPAs fall to a decade low of 3.9%, reveals...

• Jun 29, 2023

Scheduled commercial banks’ (SCBs) net non-performing assets (NPA) ratio fell to a 10-year low of 3.9 per cent in March 2023, the Reserve Bank of India (RBI) noted in the latest edition of its...

CAD for Q4 of FY23 falls to 0.2% of GDP, aided by lower...

• Jun 28, 2023

India’s current account deficit (CAD) narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in...

Tomato scores over a century in retail markets as delayed...

• Jun 27, 2023

Prices of tomatoes have surged up between Rs 80 and Rs 120 per kg in the retail market, while wholesale prices have gone up to Rs 65 to Rs 70 per kg. Delayed monsoon and possibility of weak rainfall...

Uttar Pradesh government approves Rs 36-l-cr investment...

• Jun 26, 2023

The Uttar Pradesh government had approved investment proposals worth about Rs 36 lakh crore that had emerged out of a memorandum of understanding signed during the State’s investors’ summit a...

World Bank’s $255.5-million loan to improve technical...

• Jun 25, 2023

The World Bank has approved a $255.5-million loan for improving the quality of technical education in government-run institutions in India. Over the next five years, the project will support around...

Personal consumption, investments losing steam due to high...

• Jun 24, 2023

Inflation was slowing down personal consumption expenditure, which in turn was moderating corporate sales and holding back private investment in capacity creation, said a Reserve Bank of India (RBI)...

GE-HAL deal paves the way for joint production of jet...

• Jun 23, 2023

In a landmark announcement, GE Aerospace on Thursday said that it had inked a pact with Hindustan Aeronautics (HAL) to jointly produce fighter jet engines for Indian Air Force’s Light Combat...

FTC files suit against Amazon, alleging e-tailer of duping...

• Jun 22, 2023

The US Federal Trade Commission (FTC) filed suit against Amazon.com on Wednesday, accusing the retailer of enrolling millions of consumers into its paid subscription Amazon Prime service without...

Union Cabinet gives nod for Micron Technology’s...

• Jun 21, 2023

The Union Cabinet approved US chipmaker Micron Technology’s $2.7-billion plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday as Prime Minister...

IndiGo seals largest-ever aircraft deal with Airbus for 500...

• Jun 20, 2023

Budget carrier IndiGo on Monday announced placing a firm order for 500 narrow-body planes with Airbus. This is the largest-ever aircraft order placed by any airline with Airbus. Financial...

Govt may kick off NSL’s selloff after commissioning its...

• Jun 19, 2023

The government is likely to invite financial bids for privatising NMDC Steel (NSL) only after commissioning of the blast furnace at the company’s steel plant in Chhattisgarh, according to...

Russian oil may account for 30% of Indian imports by FY24:...

• Jun 18, 2023

Russia may account for almost a third of India’s oil imports by the end of the current financial year, Arun Kumar Singh, the chairman and CEO Oil and Natural Gas Corporation (ONGC), was cited as...

Late monsoon set to see spike in FY24 inflation, warns...

• Jun 17, 2023

A German brokerage on Friday warned that with the delayed monsoon, there was no scope for complacency on inflation even though official data for May had shown a cool-off. Deutsche Bank said that it...

Import clearance time drops by 11% for air cargo complexes,...

• Jun 16, 2023

Average time taken for Customs clearance of imports has dropped by 11 per cent at air cargo complexes and 9 per cent across seaports, a Central Board of Indirect Taxes and Customs (CBIC) study has...

IEA flags China risk to crude oil and products as its spare...

• Jun 15, 2023

China is both the biggest driver of future demand for crude oil and the biggest risk to global refining as it will continue to hold much of the world’s spare capacity. The International Energy...

Two-decade-old, mega hydro-project Subansiri Lower set to...

• Jun 14, 2023

India is close to starting a mega hydropower project that has been in the works for 20 years, a key step in the country’s energy transition.State-run hydropower company NHPC will start trial runs...

As food prices drop, retail inflation hits 25-month low of...

• Jun 13, 2023

Consumer Price Index (CPI)-based inflation cooled to a 25-month low of 4.25 per cent in May as food price rises slowed further, drawing closer to the Reserve Bank of India’s (RBI) medium-term...

Moody’s sees India’s Q1 FY24 GDP growth at 6%, flags...

• Jun 12, 2023

Moody’s on Sunday said that the Indian economy was expected to clock 6-6.3 per cent growth in June quarter. The rating agency also flagged risks of fiscal slippage arising from weaker-than-expected...

India tops global digital payments ranking with 89.5 mn...

• Jun 11, 2023

India has emerged as the frontrunner in digital payments, surpassing four other countries, with a staggering 89.5 million digital transactions recorded in 2022, according to data sourced from...

Top Xiaomi executives, 3 foreign banks get ED notices for...

• Jun 10, 2023

The Enforcement Directorate (ED) on Friday said it had issued show-cause notices to Chinese mobile manufacturer Xiaomi, its Chief Financial Officer and Director Sameer Rao, former MD Manu Kumar Jain...

RBI maintains status quo for the second time as CPI...

• Jun 09, 2023

The Reserve Bank of India (RBI) on Thursday opted for a pause for the second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderated.The rate increase cycle was...

Ramesh Chand calls for focus on manufacturing to transform...

• Jun 08, 2023

India did not consist of binary rural and urban areas anymore, and the country needed to look at taking manufacturing to its villages to fill the income gap and achieve its development goals, experts...

RBI’s nod for banks to offer NDF contracts to resident...

• Jun 07, 2023

The Reserve Bank of India (RBI) has issued rules allowing banks to offer non-deliverable forward (NDF) contracts involving the rupee to resident Indians. These contracts can be issued to...

HOT SEAT - Top-Notch Campaigner: Monica K Dhawan, Ceo,...

• Jun 06, 2023

Monica Dhawan firmly believes that employees are and should be at the core of any business. The CEO and  executive director of Fusion Corporate Solutions – which was founded in 1999 in...

MANAGEMENT MANTRA - “Loyalty Is Not A One-Way Street”:...

• Jun 06, 2023

Back in 2002, Sukhbir Dhaliwal came up with the idea of providing innovative and affordable financing solutions to businesses throughout Canada. The idea took the shape of Peel Financial. Over the...

Twitter’s US ad sales drop by 59% amid spurt in hate...

• Jun 06, 2023

Elon Musk had recently said that Twitter’s advertising business was on the upswing. “Almost all advertisers have come back,” he had asserted, adding that the social media company could soon...

AT THE HELM - Ajaypal Singh Banga, President, World Bank

• Jun 06, 2023

Early in May, Ajaypal Singh Banga, better known as Ajay Banga, created history after being unanimously elected the president of the World Bank. The prestigious post, usually occupied by an...

Bankers, experts expect RBI to pause rate hike as inflation...

• Jun 05, 2023

The Reserve Bank of India (RBI) will maintain the policy Repo Rate at 6.5 per cent during its upcoming June 8 announcement, anticipate experts. They reason out that easing of retail inflation in...

PM Modi’s nine years transform India in amazing ways amid...

• Jun 03, 2023

Prime Minister Narendra Modi’s government completed nine years in power last month. The nine years of Mr Modi’s BJP-led NDA government have transformed India in amazing ways. Many path-breaking...

Aditya Birla Group to pour Rs 1,250 crore into Aditya Birla...

• Jun 02, 2023

Aditya Birla Group is set to pump in Rs 1,250 crore into its financial services arm Aditya Birla Capital (ABCL). The board of ABCL, which is into lending, asset management and insurance, on Thursday...

GDP grows by 7.2% in FY23, powered by agriculture,...

• Jun 01, 2023

The Indian economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing annual growth rate to 7.2 per cent. The good show in the country’s Gross Domestic Product (GDP) was on...

RBI’s digital currency pilot project to be expanded to...

• May 31, 2023

The RBI has said that the Central Bank Digital Currency (CBDC) pilot is being expanded to include more banks. The first pilot in the Digital Rupee-Wholesale Segment (e rupee-W) had commenced on...

Net-zero emission in mind, ONGC lines up Rs 1 lakh crore by...

• May 30, 2023

ONGC would invest Rs 1 lakh crore by 2030 on energy transition projects as it targeted net-zero carbon emissions by 2038, its chairman Arun Kumar Singh said on Monday. The company joins fellow...

384 infrastructure projects suffer cost overrun of Rs 4.66...

• May 29, 2023

Some 384 infrastructure projects were hit by cost overruns in the January-March quarter, while their individual estimated cost was hovering around Rs 150 crore.According to the Ministry of Statistics...

Prime Minister Narendra Modi appeals to States to be...

• May 28, 2023

Prime Minister Narendra Modi urged States to take “financially-prudent decisions” as top Central and State leaders gathered in New Delhi on Saturday for the eighth meeting of the Governing...

Stuck in time and set against a bleak future, Germany...

• May 27, 2023

Germany’s Gross Domestic Product (GDP) contracted by 0.3 per cent for the January-March 2023 quarter when adjusted for price and calendar effects, marking the country’s slide into recession. This...

About 3,600 IT workers lose jobs, thanks to global...

• May 26, 2023

Nearly 6 per cent of outsourced contract workers have lost jobs in India’s information technology (IT) sector in the January-March period compared to those in the previous quarter, following the...

Narayana Murthy’s Catamaran to double investments to $2...

• May 25, 2023

The money manager of billionaire Infosys founder Narayana Murthy will hire professionals and double its $1 billion in investments in the next five years, betting that India will emerge as a...

European Commission pleads court to get Apple to pay $14.3...

• May 24, 2023

EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros ($14.3 billion) in Irish back taxes. The...

NCLAT upholds Go Air’s bankruptcy, leaving aircraft...

• May 23, 2023

The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency proceedings against cash-strapped airline, Go First, in what seems to be a big blow for aircraft lessors who had...

Post-Rs 2,000 note scrap plan, jewellers get more enquiries...

• May 22, 2023

Jewellers in India, the world’s second-largest gold consuming country after China, have started receiving more enquiries for purchase of gold or silver immediately after the Reserve Bank of...

SEBI moots slashing time for listing of shares from six to...

• May 21, 2023

Capital markets regulator SEBI has proposed to reduce time taken for listing of shares on stock exchanges after closure of initial public offers (IPOs) to three days from six days at...

Rs 2,000 banknotes to be withdrawn, can be exchanged by...

• May 20, 2023

The Reserve Bank of India (RBI) has decided to withdraw Rs 2,000 denomination banknotes from circulation and asked people to exchange or deposit them by September 30,2023. In a statement...

China’s unforgiving loan terms driving poor countries...

• May 19, 2023

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most...

Hinduja Group patriarch S P Hinduja passes away at 87 in...

• May 18, 2023

S P Hinduja, 87, the eldest of four Hinduja brothers and Hinduja Group chairman, died in London on Wednesday. He was unwell for some time, said the family spokesperson. Hinduja was chairman of the...

Banks seek more time from RBI for new loan provisioning...

• May 17, 2023

Banks have requested the RBI for one more year to implement the system of Expected Credit Loss (ECL) for provisioning of loans. At present, banks set aside money after an asset turns bad, and once...

Russia very keen on having more trade with India in local...

• May 16, 2023

India and Russia have been settling some of their non-oil trade in rupees since the beginning of this year, a top official of State-run lender UCO Bank, which is involved in the transactions, has...

ONGC cancels bids for Daman gas project, citing high quotes

• May 15, 2023

State-owned Oil and Natural Gas Corporation (ONGC) has cancelled bids received for its Daman upside gas development project off the western coast due to high price quotes, sources have said. The...

As US inflation slows down, Federal Reserve likely to pause...

• May 14, 2023

US inflation has showed more signs of moderating in April, giving the Federal Reserve room to pause interest rate increases soon.Key drivers of underlying US price pressures began receding in April,...

April CPI slides to 4.7% as food inflation eases; IIP...

• May 13, 2023

Consumer Price Index (CPI)-based inflation fell to 4.7 per cent in April, data from the Ministry of Statistics and Programme Implementation (MoSPI) showed on Friday. In March, retail inflation was...

Relief for Gameskraft as Karnataka High Court junks Rs...

• May 12, 2023

The Karnataka High Court on Thuursday quashed a GST notice for Rs 21,000 crore, slapped on Gameskraft, the firm behind RummyCulture. The notice by the Directorate General of GST Intelligence,...

McLeod Russel and IL&FS close to out-of-court settlement of...

• May 11, 2023

Bulk tea producer McLeod Russel India and financial services firm IL&FS Group, engaged in negotiations for an out-of-court settlement, may agree on repayment of about 60 per cent of the...

Foxconn buys 300 acres near Bengaluru for mobile phone plant

• May 10, 2023

Hon Hai Precision Industry has bought a 300-acre land for approximately Rs 300 crore in the Bengaluru rural district of Karnataka, filings with the London Stock Exchange (LSE) show. The purchase was...

Lessors seek deregistration of Go First’s 36 planes;...

• May 09, 2023

In less than week of cash-strapped Go First cancelling all its flights, lessors have sought deregistration of a total of 36 planes, with requests coming for taking back 13 more aircraft on Monday....

Paytm set to be free cashflow positive in near future: CEO...

• May 08, 2023

Payments firm Paytm aimed to become “free cashflow positive in the near future”, Chief Executive Vijay Shekhar Sharma said in a letter to shareholders on Sunday. “This has been possible by...

Charles III crowned King of UK and 14 other realms in a...

• May 07, 2023

King Charles and Queen Camilla were crowned on a historic day of pageantry on Saturday, capped by cheering by crowds in front of Buckingham Palace. Thousands packed the Mall despite the rain,...

HOT SEAT - Green Fashionista: Supriya Shirsat Satam,...

• May 06, 2023

Supriya Shirsat Satam is deeply passionate about art and environment. In fact, the founder and creative director of FOReT – a Mumbai-based sustainable fashion brand that promotes eco-friendly...

MANAGEMENT MANTRA - “Implement Profit Sharing”: Aditya...

• May 06, 2023

Aditya Gupta’s awe-inspiring and successful business journey is a lesson worth teaching in management schools. It was with sheer hard work, planning and determination that the founder of The Rug...

CBI raids old offices of Naresh Goyal, Jet Airways in Rs...

• May 06, 2023

Jet Airways founder Naresh Goyal and old offices of the airline were raided by the Central Bureau of Investigation (CBI) on Friday in connection with a case of alleged bank fraud amounting to Rs 538...

AT THE HELM - Pieter Elbers , CEO, IndiGo Airlines.

• May 06, 2023

It is a little over six months since Petrus Johannes Theodorus Elbers – better known as Pieter Elbers – took over as CEO of IndiGo Airlines. The past six months have witnessed breathtaking...

Follow KYC norms in cross-border and domestic wire...

• May 05, 2023

The Reserve Bank of India (RBI) on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contained complete information about the...

Former chief of Mastercard Ajay Banga elected World Bank...

• May 04, 2023

The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2. The election ushers in the India-born finance...

Go First cancels flights, blames P&W for woes, files for...

• May 03, 2023

Go First on Tuesday filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi. The airline said that it was no longer in a position to continue to...

Gross GST mop-up at Rs 1.87 l cr in April – highest-ever...

• May 02, 2023

The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July...

Vedanta Chairman Anil Agarwal unveils aggressive expansion...

• May 01, 2023

Mining mogul Anil Agarwal is pushing ahead with an aggressive plan to raise oil and gas production, expand output of metals like zinc and aluminium and foray into semiconductor manufacturing,...

SoftBank’s Arm, likely to have filed for US IPO, set for...

• Apr 30, 2023

SoftBank Group Corp’s chip-maker Arm had filed with regulators confidentially for a US stock market listing, people familiar with the matter said on Saturday, setting the stage for this year’s...

Banks throw caution to the winds and make lower provision...

• Apr 29, 2023

India’s banks spent most of the last decade out in the wilderness as a punishment for lax underwriting standards on their corporate loans. Now, they have regained their health, restored...

Godrej to buy Raymond Consumer’s FMCG business for Rs...

• Apr 28, 2023

Godrej Consumer Products on Thursday said that it had signed an agreement to acquire the FMCG business of Raymond Consumer Care for Rs 2,825 crore. Raymond Consumer Care primarily operates in...

At Rs 9,650 cr, Hinduja Group company highest bidder for...

• Apr 27, 2023

A Hinduja Group firm on Wednesday emerged the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction, sources said. The bid by...

States’ capex rises by 11.9% in April-February FY23 due...

• Apr 26, 2023

The thrust given to capital expenditure (capex) by the Centre had encouraged the States to increase their capex, the Union Finance Ministry said on Tuesday. Quoting data from the Controller...

Ipca to buy 33.38% in Unichem for Rs 1,034 cr to move to...

• Apr 25, 2023

Ipca Laboratories will be buying a 33.38 per cent stake in Unichem Laboratories for Rs 1,034.06 crore, IPCA has said in a stock exchange filing. After receiving approval from the Competition...

GST officers tap data analytics to prevent tax evasion...

• Apr 24, 2023

Goods and Services Tax (GST) officers are using data analytics to ascertain if the entire supply chain in a particular sector is paying adequate GST, or if there is a missing link, an official has...

Urban unsold housing stock slips by 6% in January-March...

• Apr 23, 2023

Unsold housing stocks fell 6 per cent during January-March to nearly 5.18 lakh units across 14 cities compared to those of previous quarter on better sales, according to data analytic firm...

US cities struggle to raise funds as shortage of...

• Apr 22, 2023

The municipality of Marion had planned to finance a new $10-million firehouse with a bond deal later this year. But that project and others are on pause because the city north of Columbus, Ohio, does...

LPG connections double to 31.26 crore in 9 nine years,...

• Apr 21, 2023

A record 17 crore new LPG connections helped double the cooking gas consumer base to 31.26 crore in the last nine years, ushering in clean fuel in millions of households across the country, official...

Funds crunch, falling consumption spell doom for India’s...

• Apr 20, 2023

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely...

Apple opens India’s first retail store in Mumbai’s...

• Apr 19, 2023

Iconic consumer technology company Apple’s first retail store in the country became operational in Mumbai on Tuesday with Chief Executive Tim Cook opening its doors for customers. Excitement...

Indian Railways clocks 25% rise in FY23 revenue at Rs 2.40...

• Apr 18, 2023

Indian Railways on Monday posted a 25 per cent growth in its revenues to Rs 2.40 lakh crore for the financial year 2022-23 (FY23). This jump in revenues is nearly Rs 49,000 crore more than those...

CHEMEXCIL achieves $30 billion of exports for FY23

• Apr 17, 2023

CHEMEXCIL (Basic Chemicals, Cosmetics and Dyes Export Promotion Council) – set up by the Union Ministry of Commerce and Industry – clocked $30 billion of exports of organic and inorganic...

Pride Hotels launches Bhopal property, its third hotel in...

• Apr 17, 2023

Pride Hotels Group has added another landmark in central India with launch of Pride Hotel Bhopal. Conveniently located in the heart of the city, the hotel is easily accessible to prominent tourist...

Global regulators must focus immediate attention on crypto...

• Apr 16, 2023

Issues related to crypto assets require immediate attention, and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance...

Closing gender gap in farming can add $1 trillion to global...

• Apr 15, 2023

Eliminating discrimination against women in agriculture could increase the size of the world economy and reduce hunger at a time when a record 345 million people are expected to face acute food...

Soaring milk prices may upset government’s inflation &...

• Apr 14, 2023

Milk is ubiquitous in India – from the morning glassful that most middle-class school kids glug to its use in Hindu religious rituals. Now, it could become a headache for Prime Minister Narendra...

CPI inflation for March drops to 5.66% below RBI’s...

• Apr 13, 2023

Retail inflation as measured by the Consumer Price Index (CPI) fell to 5.66 per cent in March, according to data from the Ministry of Statistics and Programme Implementation on Wednesday. The...

IMD’s normal monsoon forecast bodes well for farm output,...

• Apr 12, 2023

India, which relies on rain for the vast share of its water, forecast that monsoon will be normal this year, potentially bolstering the outlook for agriculture production and economic...

India Ratings sees marginal rise in States’ capex in FY24...

• Apr 11, 2023

India Ratings on Monday said that share of combined capital expenditure (capex) of States in the Gross Domestic Product (GDP) might improve marginally to 2.8 per cent in FY24 from 2.5 per cent in...

India Inc’s profits for Q4 of FY23 likely to be modest in...

• Apr 10, 2023

Corporate profits for the March 2023 (Q4 of FY23) quarter are expected to be modest with the year-on-year (y-o-y) growth in high single digits. Earnings for the Nifty 50 set of companies are...

Temasek Holdings acquires 41% more stake in Manipal...

• Apr 09, 2023

Singapore government-owned fund Temasek Holdings has acquired leading hospital chain Manipal Hospitals by owning about 59 per cent stake, according to a media report. Temasek-owned Sheares Health,...

Despite a fall in prices, food still remains costly across...

• Apr 08, 2023

World food prices were still high but had fallen by a fifth compared to a year ago when prices had soared to a monthly record high after Russia had invaded agricultural powerhouse Ukraine, UN data...

New natural gas pricing formula gets nod; gas price to be...

• Apr 07, 2023

The Union Cabinet on Thursday approved a new formula for pricing of natural gas and imposed cap or ceiling price to rein in runaway prices of CNG and piped cooking gas.Natural gas produced from...

HOT SEAT - Couturiere For Kids: Swati Saraf, President, Les...

• Apr 06, 2023

A pragmatic person with a cheerful disposition, Swati Saraf is an entrepreneur and president of Les Petits. The brand was born out of her desire to create an end-to-end shopping destination for...

MANAGEMENT MANTRA - “Have Clarity Of Vision”: Vikash...

• Apr 06, 2023

Vikash Khandelwal, a chartered accountant and cost accountant is a senior banking and financial services industry specialist having spent over two decades across multiple financial services...

SEBI’s code of conduct for advertisements of investment...

• Apr 06, 2023

Markets regulator SEBI on Wednesday came out with an advertisement code for investment advisers and research analysts, whereby they have been prohibited from issuing statements which may mislead...

AT THE HELM - Rohit Jawa, MD and CEO, Hindustan Unilever

• Apr 06, 2023

Rohit Jawa is all set to take over as MD and CEO of Hindustan Unilever (HUL) on June 27. Mr Jawa will succeed Sanjiv Mehta, who will retire as HUL’s MD and CEO on that day after leading the...

Large deposits of lithium found in Andhra’s Anantapur a...

• Apr 05, 2023

Hyderabad-based National Geophysical Research Institute has found large deposits of 15 rare earth elements (REE) in Andhra Pradesh’s Anantapur district.REE of the lanthanide series are critical...

SpiceJet spins off cargo and logistics business into...

• Apr 04, 2023

SpiceJet on Monday said that it had hived off its cargo and logistics business, SpiceXpress, into a separate entity – SpiceXpress and Logistics – from April 1.  The spin-off resulted in...

India’s foreign trade likely to have surpassed $1.6...

• Apr 03, 2023

India’s foreign trade is expected to have crossed $1.6 trillion during the just-concluded financial year despite global economic uncertainties, economic think-tank Global Trade Research Initiative...

March unemployment rate up at 7.80%, urban joblessness rate...

• Apr 02, 2023

Joblessness as measured by the CMIE Unemployment Rate rose to 7.8 per cent in March this year, marginally higher than 7.45 per cent registered in February. According to the data, urban...

Defence Ministry inks pacts with shipyards to buy offshore...

• Mar 31, 2023

In line with the government’s vision of Aatmanirbhar Bharat, the Ministry of Defence on Thursday signed contracts with Indian shipyards for acquisition of 11 next-generation offshore patrol vessels...

NCLAT upholds Rs 1,338-crore fine on Google, scraps CCI’s...

• Mar 30, 2023

An appellate tribunal on Wednesday handed out a mixed verdict on Google’s alleged anti-competitive practices in the Android mobile devise case – upholding a fine of Rs 1,338 crore but scrapping...

Blue Star launches around 75 models of air-conditioners

• Mar 29, 2023

Blue Star on Tuesday unveiled its new comprehensive range of air-conditioners (ACs) – including a ‘best-in-class affordable’ range and a ‘flagship premium’ range – for this summer season....

RBI set to pause Repo Rate hike in April monetary policy...

• Mar 28, 2023

The Reserve Bank of India (RBI) is expected to pause its interest rate hike. The current 6.5 per cent Repo Rate could be the terminal rate for now, said SBI Research in its latest Ecowrap report on...

Paytm gets extension from RBI for a payment aggregator...

• Mar 27, 2023

Indian financial technology company Paytm Payments Services has received an extension from the country’s banking regulator to apply for a payment aggregator licence. The company aims to reapply in...

Vedanta seeks RBI’s approval to raise $1-billion bonds...

• Mar 26, 2023

Vedanta has reportedly sought approval from the Reserve Bank of India (RBI) to give guarantees for a $1-billion loan that it plans to raise via one of Vedanta’s foreign subsidiaries. Anil...

NSE decides to roll back 6% hike in transaction charges in...

• Mar 25, 2023

National Stock Exchange (NSE) has decided to roll back the 6 per cent hike in transaction charges in the cash equities market and equity derivatives segments from April 1. The higher charges...

ONDC ties up with Bengaluru’s Namma Yatri, forays into...

• Mar 24, 2023

India’s open e-commerce network Open Network for Digital Commerce (ONDC) on Thursday marked its foray into the mobility sector, tying up with a ride-hailing company in the tech city of Bengaluru to...

IFC’s Rs 600-cr investment in M&M’s subsidiary NewCo to...

• Mar 23, 2023

World Bank arm IFC is investing Rs 600 crore in NewCo, which is a subsidiary of Mahindra & Mahindra (M&M). The investment aims to scale up electric vehicles (EVs), including three-wheelers...

RBI optimistic of India’s GDP growing in FY24 as rest of...

• Mar 22, 2023

Notwithstanding global slowdown and bank collapses in the US, a Reserve Bank of India (RBI) article on Tuesday took a sanguine view that Indian economy might maintain the current year’s pace of...

Credit Suisse-UBS merger costs Switzerland a third of its...

• Mar 21, 2023

Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in State and central bank support, a third of the country’s Gross Domestic Product (GDP). The huge amount...

Unknown firms’ tankers keep Russian oil flowing freely...

• Mar 20, 2023

At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside. A guy from a neighbouring office...

Govt, 27 companies sign 57 MoUs under PLI Scheme for...

• Mar 18, 2023

The Ministry of Steel on Friday signed 57 MoUs with 27 companies under the government’s Production-Linked Incentive (PLI) Scheme, particularly for speciality steel. After signing the...

Google’s “castle-and-moat strategy” killing...

• Mar 17, 2023

Fair trade regulator Competition Commission of India (CCI) on Thursday alleged that Google had created digital data hegemony and called for a market space with “free, fair and open competition”....

Bar Council permits foreign lawyers, law firms to practise...

• Mar 16, 2023

The Bar Council of India (BCI) has decided to permit foreign lawyers and law firms to practise in areas such as foreign law, international legal issues and arbitration matters. The BCI has added that...

Lending rates set for a 150-bps jump in FY24 as banks’...

• Mar 15, 2023

Given a sharp rise in banks’ marginal cost of funds, the system-wide lending rates are set to shoot up by 100-150 basis points (bps) in the next financial year, expediting monetary policy...

Retail inflation for February drops marginally to 6.44% as...

• Mar 14, 2023

Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items, government data released on Monday showed. Inflation rate...

Inflation set to lower in a year, notes Ashima Goyal,...

• Mar 13, 2023

Inflation was expected to come down over the year, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on Sunday. She asserted that the government’s supply-side action coordinated with a...

SVB’s crash set to spread the world over, startups...

• Mar 12, 2023

The fallout from the collapse of Silicon Valley Bank (SVB) is starting to spread around the world. SVB’s UK unit is set to be declared insolvent and has already ceased trading and is no longer...

New PMLA rules bring politically-exposed persons under...

• Mar 11, 2023

The government amended rules under the anti-money laundering law on Friday, making it mandatory for banks and financial institutions to record financial transactions of politically-exposed persons...

US companies’ layoffs in January and February hit a...

• Mar 10, 2023

Layoffs by US companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced, a report showed on...

Rapid solar energy addition cannot avert likely surge in...

• Mar 09, 2023

India faces a high risk of night-time power cuts this summer and in coming years as delays in adding new coal-fired and hydropower capacity could limit the country’s ability to address surging...

Assam pitches itself as “most film tourism-friendly...

• Mar 08, 2023

Assam Tourism conducted a roadshow at the Grand Hyatt in Mumbai on Tuesday to promote Assam as the most film tourism-friendly State that fast-tracks single-window clearances for shooting movies. Some...

Daily transactions via UPI rise by 50% to over 36 crore in...

• Mar 07, 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that payments through UPI (Unified Payment Interface) had grown exponentially in the past 12 months with daily transactions...

India’s per capita income doubles in 8 years, but gains...

• Mar 06, 2023

India’s per capita income in nominal terms has doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power. But uneven distribution of income remains a challenge. According to...

AT THE HLEM - Neal Mohan, CEO, YouTube

• Mar 06, 2023

Neal Mohan, a YouTube insider, is the new CEO of the social media platform. The 49-year-old top executive, who was until recently YouTube’s chief product officer, succeeds Susan Wojcicki. Ms...

MANAGEMENT MANTRA - “Keep Innovating”: Kishore...

• Mar 05, 2023

One fine day, an IIT graduate with a plush job at Intel quit it to start a farm in India. The farmer in him pushed the IT engineer to go back to his roots. The entrepreneur in him nudged him to...

HOT SEAT - For A Healthy Woman: Richa Pendake, Founder,...

• Mar 05, 2023

A woman herself, Richa Pendake naturally understands women very well. The founder of Mumbai-headquartered Nutrizoe has built her company as a women’s complete nourishment entity, focused on...

Govt not in a crazy rush to sell everything, will be in...

• Mar 05, 2023

The government was not in a “crazy rush” to sell everything, and it would continue to have presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on...

“Never defaulted, and we won’t now”, stresses...

• Mar 04, 2023

Cash-strapped Pakistan’s Finance Minister Ishaq Dar on Friday said that his country had “never defaulted, and we won’t now” as it awaited a much-needed $1.1-billion tranche of funding from...

Pride launches India Dekho With Pride to promote offbeat...

• Mar 03, 2023

For every beautiful tourist destination in India, there is an equally attractive alternative that remains unexplored. Keeping this reality of Indian tourism in mind, Pride Hotels Group has recently...

Apex court panel to probe alleged market norms violation by...

• Mar 03, 2023

The Supreme Court on Thursday set up a six-member expert committee “to investigate if there was a regulatory failure in dealing with the alleged contravention of laws pertaining to the securities...

A sober reading of Q3 numbers reveals that economic...

• Mar 02, 2023

The GDP numbers for the October-December 2022 quarter were subdued at 4.4 per cent. The latest growth figures put out by the NSO showed a consistent decline for the current financial year from 13.5...

Q3 FY23 GDP growth slows down by 4.4%, dented by rate...

• Mar 01, 2023

The country’s Gross Domestic Product (GDP) for the October-December 2022 quarter moderated to 4.4 per cent, data shared by the Ministry of Statistics and Programme Implementation showed on...

Finally, some relief for depositors as real interest rates...

• Feb 28, 2023

As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now. State-run banks, led by Punjab...

India’s key priorities get strong support at G20 meet,...

• Feb 26, 2023

India’s G20 presidency had received strong support from all members on all key priorities, said Finance Minister Nirmala Sitharaman on Saturday at a press conference after the end of financial...

Air India on a hiring spree with plans to on-board 4,200...

• Feb 25, 2023

Tata Group-owned Air India is on the lookout for over 4,200 cabin crew and 900 pilots in 2023 as the airline adds new aircraft and rapidly expands its domestic and international operations.Currently,...

Ex-Mastercard chief Ajay Banga set to be president of World...

• Feb 24, 2023

US President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank. Mr Biden lauded Mr Banga’s experience in forging public-private...

Booming retail market buoys realty, 25 million sq ft of...

• Feb 23, 2023

Driven largely by rising consumption, rebound in Indian retail market had been exemplary in 2022 and was impacting retail real estate across the country, said a joint report by real estate...

RBI lets travellers visiting India to make payments through...

• Feb 22, 2023

In-bound travellers visiting India could now make local payments using UPI while they were in the country, the Reserve Bank of India (RBI) said on Tuesday.“Travellers visiting India can now...

Bharat Dynamics gets $255-mn export order after inking 10...

• Feb 21, 2023

Bharat Dynamics (BDL) on Monday said that it received an export order worth $255 million. It also said that the order would be executed, subject to government clearances.The statement of the company...

Amid weak sentiment, mutual funds’ NFO mop-ups slip by...

• Feb 20, 2023