Reporter News - IBJ Bureau
Mankind’s Rs 13,530-cr purchase of Bharat Serums to boost...
- Jul 26, 2024
Drug-maker Mankind Pharma said late on Thursday that it would acquire Bharat Serums and Vaccines in a deal valued at around Rs 13,630 crore,...
71% of intraday traders in equity cash market made losses...
- Jul 25, 2024
A study by market regulator SEBI shows that seven out of 10 individual intraday traders in the equity cash segment made losses in 2022-23.At the same...
Union Budget pegs fiscal deficit lower at 4.9%, moots...
- Jul 24, 2024
Finance Minister Nirmala Sitharaman on Tuesday presented the Budget for 2024-25, her seventh straight presentation surpassing the record of former...
Economic Survey 2023-24 pegs real GDP growth for FY25 at...
- Jul 23, 2024
Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament. The survey projects FY25 real GDP growth at 6.5 to 7...
Lack of access to raw materials deeply impacts Indian...
- Jul 22, 2024
India’s garment exports in 2023-24 at $14.5 billion were lower than what was achieved in 2013-14. It is not competition in world markets, but lack...
Uttar Pradesh government sets up dedicated country desks to...
- Jul 22, 2024
Three dedicated country desks have been established at Invest UP, the investment promotion and facilitation agency of the UP government, to...
8.5 million Microsoft devices bear the brunt of software...
- Jul 21, 2024
A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices, Microsoft...
OVL inks $60-million deal to raise stakes in Azerbaijan...
- Jul 20, 2024
ONGC Videsh (ONGC) has signed a $60-million deal with Norwegian energy giant Equinor to raise its stake in the offshore Azeri Chirag Gunashil (ACG)...
Warner Bros Discovery mulls separating streaming and studio...
- Jul 19, 2024
Warner Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its...
18 lakh jobs in financial sector lying vacant due to lack...
- Jul 18, 2024
A top official of the Financial Planning Standards Board (FPSB) India has said that India is facing an issue of unemployability in the financial...
Byju’s set for insolvency process as NCLT admits BCCI...
- Jul 17, 2024
The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted a plea from the Board of Control for Cricket in India (BCCI) to initiate...
HUL to sell Pureit business to AO Smith India Water...
- Jul 16, 2024
Hindustan Unilever (HUL) on Monday announced that it would sell its Pureit business in India to AO Smith India – a leading global water technology...
Indian Oil launches high-octane gasoline STORM-X to fuel...
- Jul 15, 2024
Indian Oil has announced inaugural despatch of STORM-X, a high-octane gasoline specifically formulated for racing cars. The first delivery was from...
Tier-I cities are the hub of blue-collar gig employment...
- Jul 14, 2024
With a rise in gig economy, tier-I cities have led in short-term, blue-collar employment opportunities, accounting for 67.1 per cent openings from...
Costly vegetables, fruits and cereals push CPI inflation up...
- Jul 13, 2024
Retail inflation rose to four-month high of 5.08 per cent in June. The Consumer Price Index (CPI)-based inflation was pushed up by a further spurt in...
State governments’ bond issues see big surge, account for...
- Jul 12, 2024
An estimated redemption of State government securities (SGS) of Rs 21 lakh crore during FY26-30 and Rs 18 lakh crore during FY31-35 will likely bloat...
Under regulatory lens, Microsoft, Apple abandon board seats...
- Jul 11, 2024
Microsoft and Apple have dropped plans to take board roles at OpenAI in a surprise decision that underscores growing regulatory scrutiny of Big...
RRP S4E secures exclusive rights for assembly of...
- Jul 11, 2024
RRP S4E Innovation, an Indian defence company specialising in electro-optic solutions, has partnered with Meprolight Israel for in-country assembly...
India set to line up Rs 9,000 crore for 12 hydropower...
- Jul 10, 2024
India plans to spend $1 billion to expedite construction of 12 hydropower stations in Arunachal Pradesh, two government sources have said. The...
Labour Ministry rejects Citi’s jobs report, stresses that...
- Jul 09, 2024
Refuting a Citigroup report on India’s job condition, the Union Labour Ministry said on Monday that the official data sources showed consistent...
Horiba India sets up medical equipment manufacturing...
- Jul 08, 2024
Horiba India, a group company of Japan’s Horiba, has inaugurated its state-of-the-art medical equipment and consumables manufacturing facility in...
JM Financial to consolidate debt and distressed credit...
- Jul 07, 2024
JM Financial (JMFL) has announced plans to consolidate its holdings in the wholesale debt syndication and distressed credit sectors under a single...
AT THE HELM - Sanjiv Puri, President, Confederation of...
- Jul 06, 2024
In mid-May, ITC Chairman and Managing Director Sanjiv Puri took over as president of the Confederation of Indian Industry (CII) for 2024-25. Mr...
OpenAI’s design details hacked in 2023, but to no...
- Jul 06, 2024
A hacker had gained access to internal messaging systems at OpenAI last year and stolen details about the design of the company’s artificial...
New policy in the works to push shipbuilding industry up...
- Jul 05, 2024
The government will come up with a new shipbuilding and ship repair policy soon to make India among the top-10 countries in the sector by 2030 and...
Stocks surge to all-time highs amid concerns of a bubble,...
- Jul 04, 2024
The Stock market is on a roll, with benchmark indices surging to record highs quite often. Late last month, BSE Sensex had breached yet another...
RBI puts out draft paper to rationalise export and import...
- Jul 03, 2024
The Reserve Bank of India (RBI) has proposed rationalisation of norms governing export and import transactions to promote ease of doing business and...
Australian bank ANZ rapped for charging fees from dead...
- Jul 02, 2024
Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to their representatives within a...
Boeing to acquire key supplier Spirit AeroSystems for $4.7...
- Jul 01, 2024
Boeing will be buying Spirit AeroSystems in a $4.7-billion, all-stock deal following months of talks, as it tries to resolve a sprawling corporate...
India’s total exports set to hit $800 billion despite...
- Jun 30, 2024
India’s goods and services exports are expected to cross $800 billion during this financial year despite global challenges, Commerce and Industry...
Huge inflows seen in debt market as G-Secs join JP...
- Jun 29, 2024
Government securities (G-Secs) on Friday officially joined JP Morgan’s Government Bond Index-Emerging Market (GBI-EM). The inclusion in the index...
MSME entrepreneurs playing a key role in taking UP economy...
- Jun 28, 2024
Chief Minister Yogi Adityanath said on Thursday that Uttar Pradesh was home to over 90 lakh micro, small and medium enterprise (MSME) units. In 2017,...
SEBI changes rules for inclusion of stocks in F&O, relaxes...
- Jun 28, 2024
The Securities and Exchange Board of India (SEBI) on Thursday tweaked selection criteria for futures and options (F&O) stocks. The market...
Spectrum auction ends in two days by garnering mere Rs...
- Jun 27, 2024
An auction of radio waves that carry voice and data signals for mobile phones ended within two days on Wednesday, garnering less than 12 per cent of...
E-rupee transactions slip to 1 lakh per day from 10 lakh in...
- Jun 26, 2024
Use of digital currency in the country, the e-rupee, has slumped to just a tenth of the peak hit in December 2023, four sources have said, reflecting...
Current account in March 2024 quarter turns surplus at $5.7...
- Jun 25, 2024
India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March 2024 quarter, the Reserve Bank of India (RBI) said on...
ONGC seeks partners for Deen Dayal field amid poor gas...
- Jun 24, 2024
After spending close to $1.2 billion and seven years of little success, State-owned Oil and Natural Gas Corporation (ONGC) is seeking partners to...
Interest, penalty on GST demand between FY18 and FY20 waived
- Jun 23, 2024
In a significant announcement, the 53rd GST Council meeting held on Saturday recommended waiving interest and penalties if tax is paid by March 31,...
Four Hinduja family members sentenced to prison term for...
- Jun 22, 2024
Four members of the affluent Hinduja family were sentenced by a Swiss criminal court on Friday to prison terms ranging from four to 4.5 years for...
Avaada signs green ammonia offtake MoU with Mysore Ammonia
- Jun 22, 2024
The Avaada Group, a leading sand-to-molecule company, has announced the signing of an MoU with Mysore Ammonia, a prominent ammonia distributor and...
Rising demand turns India from net exporter to net importer...
- Jun 21, 2024
In a shift from its status as a net exporter of steel since FY17, India has become a net importer in FY24. The country recorded an overall steel...
Rs 76,200-cr Vadhavan port gets Cabinet nod, to be among...
- Jun 20, 2024
The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore, all-weather, greenfield, deep-draft major port in Vadhavan in...
Vodafone’s 10% stake sale in Indus Towers may fetch it...
- Jun 19, 2024
The Vodafone Group is all set to sell about 10 per cent stake in Indus Towers for as much as $1.1 billion as a part of its efforts to repay...
PwC India sees a big jump in M&As in small- and mid-size...
- Jun 17, 2024
PwC India anticipates an upswing in the Indian markets, especially in small- to mid-size merger and acquisition (M&A) transactions and growth...
Hyundai Motor India files papers for Rs 25,000-cr IPO,...
- Jun 16, 2024
Hyundai Motor India, the Indian arm of South Korean automaker Hyundai and second-largest car-maker by sales, has filed draft IPO papers with market...
Vodafone mulls selling its entire $2.3-billion stake in...
- Jun 15, 2024
The Vodafone Group is looking to sell its entire $2.3-billion stake in Indus Towers through stock market block deals next week, two sources with...
Gorakhpur Link Expressway to be opened for traffic by the...
- Jun 14, 2024
The Yogi Adityanath government, committed to enhancing road connectivity in Uttar Pradesh, will fully open the Gorakhpur Link Expressway to traffic...
With Rs 10,422-crore Penna deal, Adani Group eyes topmost...
- Jun 14, 2024
Adani Group company Ambuja Cements Ltd acquiring Penna Cement Industries (PCIL) for Rs 10,422 crore.The Adani Group’s announcement comes amid...
ICRA top executive sees PLI Scheme getting Rs 4-l cr...
- Jun 13, 2024
Production-Linked Incentive (PLI) Scheme is expected to attract investments of around Rs 4 lakh crore in the next four years and generate 2,00,000...
IBBI floats discussion paper to simplify forms, cut...
- Jun 12, 2024
The Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper on reducing compliance by reviewing forms submitted in the...
Cognizant Technologies buys Belcan for $1.3 billion, sees...
- Jun 11, 2024
Information technology services provider Cognizant Technologies said on Monday that it had agreed to acquire digital engineering company Belcan for...
Maruti makes up nearly 70% of India’s passenger vehicle...
- Jun 10, 2024
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years, with Maruti Suzuki India accounting for nearly 70 per...
Bajaj Housing Finance files papers for Rs 7,000-cr IPO to...
- Jun 09, 2024
Bajaj Housing Finance has filed preliminary papers with capital markets regulator SEBI to raise Rs 7,000 crore through an initial public offer...
Repo Rate unchanged at 6.5%, FY25 GDP growth estimate hiked...
- Jun 08, 2024
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), which had kick-started its meeting on Wednesday, kept the Repo Rate unchanged at...
EU leads big economies in rate cut as ECB slashes policy...
- Jun 07, 2024
The European Union (EU) has become the second major global economy to cut its lending rate this week, saying that it had made progress in tackling...
Despite flying high, Indian airlines’ losses set to widen...
- Jun 06, 2024
Domestic airlines are likely to widen losses to between $400 million and $600 million in FY25 despite a likely rise in traffic, aviation consulting...
SJVN’s 900-mw Arun-3 hydroelectric project in Nepal to go...
- Jun 05, 2024
SJVN expects its under-construction 900-mw Arun-3 hydroelectric project in Nepal to start power generation from next year as nearly three-fourths of...
NCLT begins insolvency proceedings against Jaiprakash...
- Jun 04, 2024
The National Company Law Tribunal (NCLT) on Monday directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates (JAL),...
RBI may not cut Repo Rate at June 7 MPC meet amid high...
- Jun 03, 2024
The Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon...
GST collections for May rise by 10% at Rs 1.73 l cr, driven...
- Jun 02, 2024
India’s Goods and Services Tax (GST) collections for May 2024 came in at Rs 1.73 lakh crore, up by 10 per cent year-on-year. The growth in mop-up...
Q4 GDP growth slows to 7.8%, but economy in FY24 expands by...
- Jun 01, 2024
India’s economic growth slowed to a four-quarter low of 7.8 per cent in the January-March 2024 period. But it pushed the annual growth rate for...
RBI permits rupee accounts outside India to...
- May 31, 2024
The Reserve Bank of India (RBI) on Thursday allowed opening of rupee accounts outside India as a part of its strategic action plan to...
India’s food safety regulations and enforcement still...
- May 30, 2024
Nine years ago, Maggi hit the headlines for all the wrong reasons. The popular noodle brand of Nestle India was found to have contained MSG...
RBI launches 3 initiatives – PRAVAAH portal, Retail...
- May 29, 2024
The Reserve Bank of India (RBI) on Tuesday launched three major initiatives – the PRAVAAH portal, a Retail Direct mobile application, and a FinTech...
Wanderlust Indians splurge over half of overseas spending...
- May 28, 2024
Indians have spent a record $31.7 billion under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS) in FY24, an increase of 17...
BharatPe, PhonePe settle trademark dispute over suffix Pe...
- May 27, 2024
Fintech unicorns BharatPe and PhonePe on Sunday announced that they had amicably settled all long-standing legal disputes pertaining to use of...
EaseMyTrip CEO Nishant Pitti opts out of the bid for...
- May 26, 2024
More than three months after jointly bidding for Go First, travel portal EaseMyTrip’s CEO Nishant Pitti on Saturday said that he was withdrawing...
Google’s $350-mn investment in Flipkart is set to aid...
- May 25, 2024
Google is investing nearly $350 million in Flipkart, becoming the latest high-profile name to back the Walmart-owned Indian e-commerce startup.The...
Despite strained relations, Maldives set to launch...
- May 24, 2024
Notwithstanding the turbulence in their bilateral ties, Maldives will soon launch India’s RuPay service, which a senior minister has said “will...
RBI’s nod for surprise, record Rs 2.11-lakh crore...
- May 23, 2024
The board of the Reserve Bank of India (RBI) on Wednesday approved a record surplus transfer of Rs 2.11 lakh crore to the government for the...
BSE-listed companies hit m-cap of $5 trillion, mainly...
- May 22, 2024
BSE-listed companies’ total market capitalisation (m-cap) crossed the $5-trillion mark on Tuesday for the first time, following a run-up in mid-...
Strict guidelines out to check EtO contamination in spices...
- May 21, 2024
India has come out with detailed guidelines to prevent EtO contamination in spices for exports, an official has said. EtO is ethylene oxide, a...
PNB Housing eyes 17% rise in loan book in FY25 with focus...
- May 20, 2024
PNB Housing Finance aims to grow its portfolio by 17 per cent during the current financial year on the back of an increase in branch network and...
OYO withdraws IPO papers, to re-file IPO documents after a...
- May 19, 2024
Softbank-backed OYO is set to re-file its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up...
15 members, including Adani, in global super-rich club of...
- May 18, 2024
The world’s super-rich club now has 15 members with fortunes over $100 billion, the most on record, as they ride the waves of artificial...
Zoho mulls foray into chipmaking, seeks incentives for...
- May 17, 2024
Zoho was planning a foray into chipmaking and seeking incentives from the Central government, two sources with direct knowledge of the proposal said...
Urban unemployment rate in Q4 of FY24 dips marginally to...
- May 16, 2024
Unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year...
OpenAI’s new model, ChatGPT4o, is straight out of sci-fi...
- May 15, 2024
ChatGPT-maker OpenAI has released a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image....
Shriram selling housing finance subsidiary to Warburg for...
- May 14, 2024
Financial services company Shriram Finance will sell its housing finance arm to private equity major Warburg Pincus for Rs 4,630 crore. This is...
FMCG companies see volume growth in FY25, aided by normal...
- May 13, 2024
Leading fast-moving consumer goods (FMCG) companies expect volume-led growth in FY25, with a revival in consumption supported by a lower inflationary...
Ola to move business from Microsoft to Krutrim amid...
- May 12, 2024
Ola founder and CEO Bhavish Aggarwal on Saturday said that his company had decided to move its entire workload out of Microsoft Azure to its own...
India stares at highest power deficit in 14 years in June...
- May 11, 2024
India is projecting its biggest power shortfall in 14 years in June after a slump in hydropower generation, the government has said. Stepping up...
AI Express’ cabin crew members end stir, airline...
- May 10, 2024
Cabin crew of Air India Express (AI Express) withdrew their strike on Thursday evening after the airline agreed to look into issues raised by them,...
Tata Power’s FY25 capex of Rs 20,000 crore slotted for...
- May 09, 2024
Tata Power has planned a 66 per cent higher capital expenditure (capex) of Rs 20,000 crore in this financial year compared to the capex a year ago....
Australian chickpea price surge after India suspends Import...
- May 08, 2024
Australian desi chickpea prices rose sharply after India suspended tariffs on imports recently, opening the door to a revival of a trade...
AT THE HELM - B Muralikrishnan, President, Xiaomi India
- May 06, 2024
2023 was quite an eventful year for Xiaomi India. Early that year, the Indian subsidiary of the Chinese smartphone-maker was dislodged from the top...
Credit flow to housing sector surges by Rs 10 l cr in the...
- May 06, 2024
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two financial years to reach a record Rs 27.23 lakh crore in...
Ahead of polls, onion export ban lifted with MEP and Export...
- May 05, 2024
The government on Saturday lifted the ban on onion exports, subject to a minimum export price of $550 per tonne. This decision can help boost income...
Sony and Apollo launch $26-billion, cash-and-debt offer for...
- May 04, 2024
Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it...
RBI’s actions against regulated entities are aimed at...
- May 03, 2024
Kotak Mahindra Bank is the latest financial institution to come under the Reserve Bank of India’s (RBI) lens. The central bank’s recent directive...
FY25 begins on a robust note as April GST collection hits...
- May 02, 2024
Goods and Services Tax (GST) collection in gross terms hit a record high in April 2024 at Rs 2.10 lakh crore. This represents a 12.4 per cent...
Core sector grows slower by 5.2% in March s against 7.1% in...
- May 01, 2024
Eight core sectors posted growth of 5.2 per cent in March, according to data released by the Ministry of Commerce and Industry on Tuesday.Though the...
Ola Cabs to lay off 10% of staff, CEO Hemant Bakshi calls...
- Apr 30, 2024
Ola Cabs CEO Hemant Bakshi has quit just four months after joining the company. The development comes at a time when the company is planning a...
The ePlane Company readying prototype flying e-taxi by...
- Apr 29, 2024
Chennai-based startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi (e-taxi) by March next year as it works...
Centre’s nod for 99,150 mt of onion exports to six...
- Apr 28, 2024
The Central government has allowed export of 99,150 mt of onion to six countries – Bangladesh, the UAE, Bhutan, Bahrain, Mauritius and Sri...
RBI lays down criteria for small finance banks to transform...
- Apr 27, 2024
The Reserve Bank of India (RBI) on Friday released a set of criteria that small lenders need to achieve, including performance metrics and market...
BHP Group set to review $39-billion takeover offer for...
- Apr 26, 2024
Anglo American’s management does not consider a proposed $39-billion takeover offer from the BHP Group attractive, two sources have told...
RBI bars Kotak Bank from on-boarding new customers, issuing...
- Apr 25, 2024
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease on-boarding new customers through its online and mobile banking channels...
Microsoft’s lightweight Phi-3 AI model is lighter on the...
- Apr 24, 2024
Microsoft on Tuesday launched a lightweight artificial intelligence (AI) model, as it looks to attract a wider client base with cost-effective...
SEBI finds offshore investors of Adani companies flouting...
- Apr 23, 2024
Markets regulator found that a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of...
IRDAI scraps age limit of 65 for health cover, move set to...
- Apr 22, 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age limit of 65 years for individuals buying health insurance...
Elon Musk puts off India visit, citing pressing commitments...
- Apr 21, 2024
Billionaire Elon Musk, the head of Tesla and SpaceX, on Saturday pushed back his much-anticipated visit to India, originally slated for April 21 and...
Government open to selling minority stakes in GIC, LIC in...
- Apr 20, 2024
The government is open to a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
