RBI allows full premature withdrawal of deposits from NBFCs for emergencies but sans interest
The Reserve Bank of India (RBI) has mandated non-banking financial companies (NBFCs) to pay 100 percent of the deposit amount...
Business
.avif?w=1200&ar=40:21&auto=format,compress&ogImage=true&mode=crop&enlarge=true&overlay=false&overlay_position=bottom&overlay_width=100)
Businesses in Bangladesh hit by cash supply drought: Report
Business owners said their operations have halted since the second half of July when the widespread protests erupted.Abu Bakar Siddique,...
Sebi urges calm, reminds investors of the ‘short positions’ disclaimer in Hindenburg report
MUMBAI: The Securities and Exchange Board (Sebi) has urged capital markets investors to remain calm and do due diligence before...
Tribunal stays IRDAI order against Rashmi Saluja
NEW DELHI: In a relief to Religare Enterprises chairperson Dr Rashmi Saluja, the Securities Appellate Tribunal (SAT) has stayed for...
SEBI chief’s alleged conflicts of interest and offshore funds tied to Adani probe
The report explained that in one complex structure, a Vinod Adani-controlled company invested in the “Global Dynamic Opportunities Fund” (GDOF)...
Signature Global cuts net debt by 16% in June quarter amid record sales
NEW DELHI: Realty firm Signature Global has reduced its net debt by 16% to Rs 980 crore in the June...
After a silent debut, Ola Electric shares surged 20% on first day
MUMBAI: Ola Electric made a silent debut on the exchanges with its shares getting listed at par against its issue...
Government to introduce Banking Laws (Amendment) Bill in LS, seeks to raise nominees per a/c to 4
The Bill also seeks to redefine the reporting dates for banks for regulatory compliance to the 15th and last day...
RBI warns lenders on top-up loan push
MUMBAI: With the lenders (commercial banks) pushing top-up loans like never before, the Reserve Bank has flagged this as a...
18 months and counting: RBI refuses to toss a glass of water towards the flames
For the RBI, it's all about timing right now.The central bank is walking that final bridge between pause and pivot,...
About 70% of two-wheelers will be electric by 2030′ says Bosch president
BENGALURU: Though electrification in the country remains lower currently, Guruprasad Mudlapur, President of the Bosch Group in India, and Managing...
Markets rebound in early trade; Sensex jumps 1,046 points; Nifty surges above 24,300-level
MUMBAI: Equity benchmark indices Sensex and Nifty bounced back sharply in early trade on Wednesday after three days of massive...
Centre revises LTCG tax on properties after backlash over Budget
NEW DELHI: The government on Tuesday proposed significant relief for individuals who bought houses before July 23, 2024, by giving...
Indian gold industry launches self-regulatory organisation for excellence
MUMBAI: The Indian gold industry announced the formation of the Indian Association for Gold Excellence and Standards (IAGES) on Tuesday....
Japan’s rising yields and Yen strength reshape global capital flows
MUMBAI: The current dynamics in the Japanese financial landscape suggest a significant shift in capital flows, driven primarily by rising...
PV sales rise 10 per cent in July on new launches, enhanced discounts: FADA
The segment experienced notable growth due to a thriving rural economy, positive monsoon effects, and the government's support programs enhancing...
RBI likely to keep interest rate unchanged at 6.5 per cent, say experts
MUMBAI: Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5 per cent on Thursday,...
Discouraging retail derivative trading may boost bank deposits: SBI Chief
MUMBAI: Regulatory moves discouraging retail investors from making derivative market bets may help the banking system garner much-needed deposits, according...
Under the outgoing chairman, SBI achieved a record high in per-employee productivity
India's largest lender State Bank of India, under Dinesh Kumar Khara, who’s superannuating as Chairman on August 28 upon turning...
India achieves highest global growth rate in agricultural GDP: Niti Aayog
NEW DELHI: Agriculture has been a key focus area of India's development strategy, achieving a remarkable growth rate of 5...
Byju’s gets breather from insolvency process, promoters now back in control
Byju’s in a statement said, “The honourable presiding judge invoked Rule 11 of the NCLAT Rules, 2016 to return the...
Sensex, Nifty tumble in early trade on weak global cues
MUMBAI: Benchmark equity indices Sensex and Nifty tumbled in early trade on Friday as investors rushed to book profits after...
Karnataka authorities withdraw pre-show cause notice
BENGALURU: Infosys on Thursday in a filing said that Karnataka State authorities have withdrawn the pre-show cause notice and has directed...
Sensex, Nifty reach record levels
MUMBAI: Benchmark BSE Sensex jumped 388 points to breach the 82,000 level for the first time while broader Nifty spurted...
RBI draft framework mandates additional authentication for all digital payments
AFA is using more than one factor for authentication to complete a payment instruction. Currently, the digital payments ecosystem uses...
SC reserves order on issue of refund to states
The Supreme Court on Wednesday reserved its order on the issue of whether royalty levied by the Centre on mines...
Govt Claims Recovery of Rs 73 Cr for DPCO Violations in FY24—What About the Rest?
Union Minister of State for Chemicals and Fertilizers Anupriya Patel informed the Rajya Sabha on July 30 that the government...
Future retail ordered into liquidation by NCLT Mumbai bench
NEW DELHI: The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered liquidation of Future Retail as all...
Digital economy poised to be 20% of GDP by 2026: RBI report
In the foreword of the report, Governor Shaktikanta Das said, “digitalisation in finance is paving the way for next-generation banking;...
Sensex, Nifty hit fresh all-time high levels in early trade
MUMBAI: Equity market benchmark indices Sensex and Nifty hit their new all-time high levels in early trade on Monday in...
Consecutive night flights, long duty hours among factors for pilot fatigue: Study
Further, the study found that 81 per cent of pilots are concerned that flights with minimum rest and rosters without...
UltraTech board to buy 32.72 per cent stake in India Cements for Rs 3,954 crores
India cements has a total capacity of 14.45 mtpa of grey cementIndia Cements has a total capacity of 14.45 mtpa...
G20 nations agree to work together towards taxing super rich
G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more...
India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi
NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State...
.JPG?rect=0,291,3744,1966&w=1200&ar=40:21&auto=format,compress&ogImage=true&mode=crop&enlarge=true&overlay=false&overlay_position=bottom&overlay_width=100)
Aditya Birla Group enters Jewellery Biz with ‘Indriya’, aims to be amongst top three national players
NEW DELHI: Aditya Birla Group Chairman, Kumar Mangalam Birla, on Friday announced the launch of the Group's jewellery retail business,...
Google maps adds six new features in India to improve commuter experience
CHENNAI: Google has unveiled six new features for Google Maps in India, focusing on AI enhancements and local partnerships to...
RBI moots tighter liquidity framework to insulate banks from large digital cash withdrawal risks
The central bank further said banks covered under the LCR framework are required to maintain a stock of high quality...
Sensex, Nifty tumble in early trade dragged by Axis Bank, weak global peers
MUMBAI: Equity market benchmark indices Sensex and Nifty tumbled in early trade on Thursday, continuing to decline for the fifth...
Crypto industry ‘disappointed’ as it finds no mention in Budget
BENGALURU: The crypto industry, which has been seeking a reduction in the rate of TDS on the transfer of VDAs...
British Foreign Secretary David Lammy
NEW DELHI: British Foreign Secretary David Lammy on Wednesday began a two-day visit to India to galvanise negotiations for an...
Bankers hail Budget, say it’s pro-growth and will help expand their balance sheets
Though there were no announcements benefiting the financial sector directly except those on home loans, bankers led by State Bank...
Government allocates Rs 3 lakh crore for women’s development
NEW DELHI: In a move to bolster women-led development, Finance Minister Nirmala Sitharaman announced an allocation of over Rs 3...
Air India to operate flagship A350-900 on US routes starting November 2024
NEW DELHI: Air India will be operating its flagship A350-900 aircraft on Delhi-New York JFK flights from November 1, 2024,...
What you can expect on personal taxation in the Union Budget
Simplification of the current capital gains tax regimeSimplification of the current capital gain tax regime is a long pending demand. ...
Jindal Group probe against senior executive
NEW DELHI: A Jindal Group company has sent a senior executive, who is facing allegations of molestation by a female...
Kotak Bank profit up 81% to Rs 6,250 crore
MUMBAI: A stake sale in its general insurance subsidiary has boosted standalone net income of the fourth largest private sector...
Daring to upset markets and letting rupee fall to keep India on growth path
The charming thing about budget is its single figure -- the annual income and expenditure number. Arriving at the estimate,...
A massive tech outage is causing worldwide disruptions. Here’s what we know
Experts stress that Friday’s disruptions underscore the vulnerability of worldwide dependence on software that comes from only a handful of...
Wipro net profit up 5 per cent to Rs 3,003 cr, company to hire 10-12k freshers this fiscal
After a break of a year the company has started on boarding freshers from the campus. The company's Chief Human...
Major banks like SBI, Axis Bank conduct UPI credit line trial: NPCI Chairman
NEW DELHIU: Some of the banks, including ICICI Bank, Axis Bank, State Bank of India (SBI), and Punjab National Bank,...
Centre sets $500 billion electronics manufacturing target by 2030
The government has set a target of reaching $500 billion worth of electronics production in the country by 2030. According...
India’s exports in Q1 show resilience despite global slowdown: CRISIL
India's exports have shown resilience amidst global challenges, with merchandise exports rising by 5.8% to $109.96 billion in the first...
Air India announces voluntary retirement scheme for permanent ground staff
NEW DELHI: Cutting down headcount as part of its merger process with Vistara, Air India on Wednesday announced a voluntary...
NCLT admits insolvency proceedings against Byju’s
BENGALURU: The National Company Law Tribunal (NCLT), Bengaluru bench, on Tuesday admitted an insolvency petition filed by the Board of...
Bengaluru-based Namma Yatri raises Rs 92 crore funding from Google, Antler and others
BENGALURU: Moving Tech, the parent firm of community-led mobility apps Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has raised...
OPPO and Ericsson sign agreement for global 5G patent cross-licensing, business collaborations
Chinese tech giant OPPO announced on Tuesday that it has signed a significant global cooperation agreement with telecom equipment maker...
HUL sells Pureit to AO Smith for Rs 601 crore
NEW DELHI: FMCG giant Hindustan Unilever Limited (HUL) is selling its water purification business -- Pureit in India to AO...
Zomato, Swiggy hike platform fee to Rs 6 per order
NEW DELHI: Food delivery platforms Zomato and Swiggy have once again hiked platform fee to Rs 6 per order from...
Almost reached pre-pandemic levels on work from office, will soon stop tracking the number: TCS
TCS reported a marginal decline in the number of women employees at 35.5 per cent as of June this year,...
Automobile exports from India rise 15.5% in Q1
NEW DELHI: Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers,...
Govt plans to launch Rs 750 crore fund to promote startups and rural enterprises
NEW DELHI: The government is poised to launch the 'Agri Fund for Startups and Rural Enterprises' (AgriSURE) to support agripreneurs.Investments...
HCL Q1 profit rises 20% to Rs 4,257 cr
BENGALURU: HCL Tech’s June quarter performance beat Street estimates as the IT services firm posted a 20% year-on-year increase in...
IIT Madras to invest up to Rs 5 crore in sports-tech startups
NEW DELHI: In a move to boost innovation in the sports industry, IIT Madras is set to provide up to...
Vice-President interacts with the members of FICCI Ladies Organisation, Chennai Chapter at Vice-President’s Enclave
CMA.CA.CS Divya Abhishek, Chairperson of FICCI FLO Chennai spearheaded a delegation of 30 distinguished women entrepreneurs representing a diverse array...
MSP covers just 6% of agri economy but eats up Rs 13.5 trillion, stifling rest of farm sector: SBI report
MUMBAI: At a time when the government is moving towards the idea of regular increase in the minimum support price...
Markets rebound in early trade on rally in global equities, foreign fund inflows
MUMBAI: Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets and continuous foreign fund...
RBI further liberalises LRS remittances via international financial services centres
MUMBAI: The Reserve Bank has further liberalised remittances under the LRS (liberalised remittance scheme) via International Financial Services Centres (IFSCs)...
Markets retreat from record high levels; trade lower on weak global trends
MUMBAI: Equity benchmark indices declined after hitting their fresh record high levels in early trade on Wednesday amid weak global...
Cognizant board approves to pay 505,087 dollars to its CFO
BENGALURU: The board of directors of Cognizant Technology Solutions Corporation has approved the company’s payment of $ 505,087 to its...
Markets rebound as blue-chip stocks lead early trade gains
MUMBAI: Equity benchmark indices rebounded in early trade on Tuesday amid buying in blue-chip stocks and foreign fund inflows.The 30-share...
Accenture acquires Bengaluru-based Excelmax Technologies to expand silicon design and engineering capabilities
The company did not disclose the deal amount. Mahesh Zurale, global lead - Advanced Technology Centers Global Network, Accenture, said,...
Markets decline in early trade
MUMBAI: Equity benchmark indices declined in early trade on Monday as investors opted to book profits after the recent record...
India, UK to hold next round of talks on proposed trade agreement this month
The two countries are also negotiating a bilateral investment treaty (BIT).There are 26 chapters in the agreement, which include goods,...
Wealth creators, dharma & Bharat
The government plays a necessary role in the changing landscape of new-India. Policies (just to name a few) such the...
Tariff hike by telecom companies complies with the prescribed regulatory framework: DoT
NEW DELHI: A day after the Congress party criticised the government over the tariff hike by telecom service providers (TSPs),...
Government unlikely to do away with angel tax, say experts
NEW DELHI: Even though the Department for Promotion of Industries and Internal Trade (DPIIT) has recommended the finance ministry remove...
NPCI and Network International enable UPI payments in UAE
NEW DELHI: NPCI (National Payments Corporation of India) International Payments Limited (NIPL) in partnership with Network International (hereafter mentioned as Network),...
STARS Scheme Counselling at VIT Bhopal University
Assistant Vice President Ms.Kadhambari S Viswanathan has distributed the admission letter to a total of 32 students (16 Male, 16...
Sebi chief wants market makers to voluntarily report misconduct
This call to action assumes importance given that the equity market has been on song lately, with the Sensex crossing...
Sensex, Nifty hit fresh lifetime high levels in early trade
NEW DELHI: Equity benchmark indices Sensex and Nifty hit their lifetime peaks in early trade on Thursday, amid firm global...
With almost $800 million revenue, India overtakes US to become largest market for Herbalife
Further he said India sales rose to $203.5 million for the three months ending March 2024, up $24.9 million or...
Sensex hits 80,000 for the first time
NEW DELHI: In yet another landmark for India’s equity market this year, the S&P BSE Sensex scaled the 80,000 mark...
Honda overtakes Hero in June two-wheeler sales
Japan’s Honda Motorcycle & Scooter India (HMSI) has overtaken India’s Hero MotoCorp in the two-wheeler market. HMSI’s total 2W sales...
Car sales slow down; Tata Motors sees 8 per cent fall in June
NEW DELHI: Owing to the lack of fresh demand and the high base of last year, car sales growth remained...
GST completes 7 years with Rs 1.74 lakh cr monthly collection
NEW DELHI: As the Goods and Services Tax (GST) completes seven years in June 2024, the gross monthly collection reached...
Essential tips and guidelines for Income Tax Return filing
After taking into consideration all aspects, determine your tax liability and choose the appropriate ITR form and fill out the...
HDFC Life keen to re-enter health cover segment but not indemnity segment: CEO HDFC Life
It is advised that professionals in financial and legal, and financial advisors, such as insurance agents, accountants, mortgage brokers, and...
Urja Ganga gas pipeline completion delayed till March 2025: GAIL
NEW DELHI: The construction of the Rs 12,940-crore 'Urja Ganga' gas pipeline, India's most ambitious project taking environment-friendly fuel to...
FSIB recommends CS Setty as next SBI chairman
MUMBAI: Challa Sreenivasulu Setty, the senior-most managing director of the State Bank of India, is set to be the next...
FATF lauds India’s efforts to curb money laundering
NEW DELHI: India has received high praise from the Financial Action Task Force (FATF) for its exceptional performance in the...
Emcure, Bansal Wire IPOs to raise Rs 2,700 crore, issues open July 3
Bain entered the Pune firm in 2014 through its arm BC Investments, with an investment of around Rs 675 crore,...
Sensex touches 79K, Nifty overcomes 24K hurdle
NEW DELHI: The ongoing dream rally in equity market following the formation of the BJP-led coalition government at the centre...
Household savings going into speculation, says Sebi chief; revises F&O selection norms
MUMBAI: With the F&O volume more than doubling in the past six years from Rs 210 trillion in FY18 to...
Nasscom urges govt to set up group to study impact of angel tax
BENGALURU: National Association of Software and Service Companies (Nasscom) has said the government should set up a group comprising officials...
FSIB to conduct interviews for SBI chairman’s position on June 29
MUMBAI: The Financial Services Institutions Bureau (FSIB) will conduct the interviews for the next State Bank of India chairman on...
Sensex hits new all-time high in early trade
MUMBAI: Stock market benchmark indices climbed in early trade on Wednesday, with the Sensex hitting its fresh all-time high level,...
Economy nearing sustained 8% growth trajectory: RBI Governor Shaktikanta Das
MUMBAI: Reserve Bank Governor Shaktikanta Das stated on Tuesday that the economy is poised to enter a higher growth trajectory,...
Prosus marks $493 mn loss in Byju’s, writes off stake
BENGALURU: Investment firm Prosus on Monday said it has written off its 9.6% stake in Byju’s. In its FY24 annual...
First in 10 quarters, current account swings to a $5.7-b surplus in Q4: RBI
MUMBAI: Driven a sharper fall in imports and a marginal fall in exports helped the economy narrow trade deficit, which...
Markets tumble in early trade on weak trends from global equities, fresh foreign fund outflows
MUMBAI: Benchmark equity indices tumbled in early trade on Monday amid weak trends from global markets and fresh foreign fund...
Durlax IPO subscribed more than 161 times
NEW DELHI : Solid surface manufacturer Durlax Top Surface’s initial public offer (IPO) to raise Rs 40.80 crore has been...
A Call for Government Action
The story of insensitive governments and a brutal labour trafficking international order is being repeated ad nauseum. Some clucking noises...
With employment levels lower than what they were 40 years ago, faster growth alone won’t do
India has emerged as one of the fastest growing major economies in the world. But being the fastest growing economy...
Food prices ‘slowing pace of disinflation’: MPC
Of them, Das, Patra, Bhide, and Ranjan voted to keep policy repo rate unchanged at 6.5% and to remain focused...
Sticky food prices key factor for ‘grudgingly slow pace of disinflation’: Monetary policy committee
Though headline inflation has been sequentially moderating since February, albeit in a narrow range from 5.1 per cent in February...
Nifty hits fresh record peak; Sensex climbs over 300 points in early trade
MUMBAI: Benchmark equity indices rallied in early trade on Friday, with the NSE Nifty hitting a fresh all-time peak, helped...
25 Indian startups drop out of future unicorn index
There were also other issues, including regulatory actions by financial sector watchdogs, which put question marks over some fintechs' valuations...
Air India Express headquarters relocated to Gurugram, impacting 300 jobs in Kochi
KOCHI: In a setback to Kochi’s ambition to emerge as a business hub for airline companies, the Air India Express...
Foreign investors invested USD 1.4 billion in last five sessions post-NDA government formation
NEW DELHI: Foreign portfolio investors (FPIs) returned to Indian markets, marking a net investment exceeding USD 1 billion over the...
Poll-driven spending curbs to mute India Inc’s Q1 revenue growth: Report
MUMBAI: The enforcement of the model code of conduct during the just-concluded parliamentary elections and the resultant curtailment in government...
Extreme heat melts diesel demand, sales drop 4 per cent in June
NEW DELHI: India's diesel demand slumped in June as extreme heat conditions in parts of the country curtailed travel, preliminary...
Forex reserves scale new peak, sniff at $656 billion
For the week ended June 7, the foreign currency assets, which are the largest component of the reserves, jumped by...
AI Startup Perplexity Faces Backlash for Allegedly Copying Forbes Content Without Permission
“It’s a case study in where we’re heading,” Lane told the AP. “If the people who are leading the charge...
Adani on deal street again as Ambuja snaps up Penna Cement for Rs 10,422 crore
The Adanis entered the cement business in August 2022 by acquiring the stakes held by the Swiss major Holcim in...
Mumbai ranks 3rd, Delhi 5th among 44 cities globally in housing price rise during Jan-Mar: Report
NEW DELHI: Mumbai is ranked third and Delhi fifth among top 44 cities globally in terms of appreciation of housing...
India’s banks, NBFCs well-placed to ride on strong economic growth, says Moody’s
The agencies see asset quality continue to improve, with headline gross non-performing advances and net NPAs declining to their lowest...
Prioritise 6 GHz spectrum for 5G, roll out fair share data network usage norm: COAI to Centre
NEW DELHI: Telecom industry body COAI on Wednesday said it expects the government to allocate the 6 GHz band spectrum...
L&T CMD got Rs 51 crore salary in FY24, up 43%
AM Naik, who retired as non-executive chairman of the company in September 2023, received Rs 1.69 crore as salary during...
SBI to raise upto $3 billion via Forex debt
The nation’s largest lender State Bank of India Tuesday said it would raise up to $3 billion via Forex (foreign exchange)...
Toy manufacturers expect PLI scheme even as govt remain non-committal
A top office bearer of the Toys Association of India has also confirmed that the PLI for the toys sector...
Paytm lays off employees as part of restructuring, facilitates outplacement support
NEW DELHI: Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed...
Exit polls will be in the dog house for some time to come
Nearly 2 decades ago, when the Hindustan Times was first launched in Mumbai, one of the cutting edge offerings it...
Akasa Air well on path to profitability; to launch more international flights: Co-Founder Aditya Ghosh
NEW DELHI: Akasa Air is well on the path to profitability and will fly to more international destinations, including in...
Bajaj Housing files for Rs 7,000-crore IPO
MUMBAI: The Bajaj Group has field the draft red herring prospects with the market regulator Sebi for a Rs 7,000-crore...
RBI unveils 14 goals for its centenary celebrations in April 2035
The Fourteen Centenary Goals1. Monetary policy and liquidity management(Positioning the Reserve Bank as the leader of the Global South; review...
Chandrababu Naidu family-run Heritage Foods shares jump 56%, promoters richer by Rs 870 crore
A senior equity market analyst said that the rally in share prices is entirely sentiment-driven as seen in the case...
Markets make full recovery from election day bloodbath, Sensex and Nifty hit a fresh all-time high
MUMBAI: On the back of sharp buying over the past three sessions, India’s equity market recovered from the earth-shattering fall...
Bajaj Housing to go for Rs 4,000-cr IPO, plus OFS
MUMBAI: After many years, the Bajaj group is planning to the hit primary market with a mega Rs 4000-corre IPO...
ITC shareholders approve hotel business demerger
MUMBAI: The tobaccos to hotels and FMCG major ITC Thursday said an overwhelming majority of its shareholders—as much as 99.6...
Japan aims to quadruple overseas market for anime, games
In 2022, Japan's gaming, anime and manga sectors raked in 4.7 trillion yen ($30 billion) from abroad -- close to...
Markets bounce back on news of NDA forming government, regain Rs 13 lakh crore in value
Nair added that the market does not expect any change in RBI's policy stance given persistent high food inflation, and...
Rupee tanks against dollar after poll results shock
With the BJP's tally being well below the simple majority, Modi will be at the mercy of his allies in...
Sensex, Nifty register biggest single-day fall in four years
India’s equity market headline indices registered their biggest single-day fall of four years on Tuesday as Prime Minister Narendra Modi-led...
Infosys CEO Salil Parekh took home Rs 66.25 crore in FY24, second highest after ex-Wipro CEO
BENGALURU: Infosys CEO and MD Salil Parekh's annual compensation increased 17% to Rs 66.25 crore in FY24, according to the...
Sebi updates Saarthi mobile app to help investors fight misleading information
“In today’s era, where social media sometimes provides biased or misleading information, there is a significant need for an unbiased,...
Amul milk price hiked by Rs 2/litre across all variants with effect from June 3
AHMEDABAD: The price of Amul milk across all variants has been hiked by Rs 2 per litre with effect from...
Tata Steel CEO Confirms Inevitable Job Cuts for 2,500 UK Workers Amid Transition
NEW DELHI: Loss of jobs for around 2,500 workers at Tata Steel's operations in the UK, which are in a...
Car sales grew by four per cent in May to 3.50 lakh units
MUMBAI: Passenger vehicle (PV) sales during the month of May were in the slow lane as buyers’ sentiments were impacted...
Top 100 companies to verify market rumours promptly starting June 1
NEW DELHI: The top 100 listed companies by market capitalization will have to confirm or deny any market rumour reported...
DGCA pulls up Air India for repeated incidences of passengers being put to discomfort
MUMBAI: Country’s civil aviation regulator - the Directorate General of Civil Aviation (DGCA) - has pulled up Tata group-run Air...
RBI amasses 204 tonne gold between 2019 and April 2024
MUMBAI: The Reserve Bank has added as much as 204 tonne of gold in the past years ending March 2024—from...
Record gold prices help Muthoot Finance post 17% growth in net income in Q4
MUMBAI: Record gold prices leading to higher loan sales and a good show by its subsidiaries boosted the consolidated earnings...
RBI balance-sheet expands 11% to Rs 70.47 tln in FY24
MUMBAI: The balance-sheet of the Reserve Bank has grown 11.08 percent to Rs 70.47 trillion in FY24, leading to a...
Crypto industry can do much better with TDS reduction: CoinSwitch
BENGALURU: Ever since 1% TDS (tax deducted at source) for virtual digital assets was introduced, the crypto industry has been...
4.2 Million Chickens to be Culled
DES MOINES, Iowa: More than 4 million chickens in Iowa will have to be killed after a case of the...
SBI predicts Q4 GDP to grow at 7.4%, FY24 growth at 8%
According to the report, corporate GVA grew by around 18% in Q4 FY24 as compared to 20% in Q4 FY23...
Chidambaram Criticizes India’s Welfare Schemes for Neglecting the Poor
KOZHIKODE (Kerala): Senior Congress leader P Chidambaram on Tuesday said the various welfare schemes and policies in the country are...
Wages hike caps LIC net at Rs 13,762 crore but company sure of ‘sunnier days’ ahead
The nation’s largest investment powerhouse earned Rs 84,425.45 crore profts from its investment, which was up from Rs 67,846.64 crore...
Sensex, Nifty hit new all-time peaks in early trade
MUMBAI: Benchmark equity indices Sensex and Nifty hit their new all-time peaks in early trade on Monday in tandem with...
AUM of smaller towns rises to Rs 10L cr in Apr
MUMBAI: The massive inflows into mutual funds, which have grown over 37% in April to cross the Rs 57 trillion...
Assam’s Small Tea Growers Face Crisis as Factories Halt Production Over Quality Rules
GUWAHATI: Small tea growers in Assam, who account for nearly half of the tea grown in this North Eastern state,...
The journey of GIFT City and challenges ahead
It took more than a decade for GIFT City in Gujarat, India's only international financial hub, to finally materialise with...
Google AI Tool’s Misleading Responses Raise Alarms Among Experts
“The vast majority of AI Overviews provide high-quality information, with links to dig deeper on the web,” Google said a...
Japanese dog of ‘Doge’ meme fame, which inspired cryptocurrency, dies
'Unbelievable' eventsDogecoin has been backed by hip-hop star Snoop Dogg, "Shark Tank" entrepreneur Mark Cuban and Kiss bassist Gene Simmons.But...
Sensex hits new all-time high; Nifty breaches 23,000-mark for first time
MUMBAI: Benchmark equity indices Sensex and Nifty hit their fresh all-time peaks in early trade on Friday amid buoyant investors'...
Wipro’s former CEO took home $20 mn in FY24; executive chairman Rishad Premji takes pay cut
He took a pay cut of around 19% in FY24 with a compensation package of $769,456 (about Rs 6.4 crore)...
Record highs for Sensex, Nifty as election outcome anxiety subsides and RBI dividend energises
Demolishing general election 2024 outcome-related jitters, India's equity market made stellar gains on Wednesday. The benchmark indexes -- BSE Sensex...
Corporate affairs ministry slaps fines on LinkedIn India, Nadella for companies law violations
NEW DELHI: The corporate affairs ministry on Wednesday slapped fines on Microsoft-owned LinkedIn India, Satya Nadella and eight other individuals...
Windfall for Centre as RBI transfers whopping Rs 2.11 trillion for FY24
According to Gaura Sen Gupta, the chief economist at IDFC First Bank, the RBI balance sheet rose 11.4 percent in...
90% of passengers getting their luggage now within 30 minutes: Ministry of Civil Aviation
DELHI: The baggage delivery time at six major airports has improved significantly in the last four months, with more than...
Markets decline in early trade on weak trends from Asian peers, foreign fund outflows
MUMBAI: Equity benchmark indices declined in early trade on Tuesday in line with weak trends from Asian markets and fresh...
‘Govt comes out with detailed guidelines to prevent EtO contamination in spices exported from India’
European Food Safety Authority (EFSA) could not conclude on the genotoxicity and carcinogenicity of 2-CE and therefore no safe level...
Why gold will continue to shine despite hitting record highs
Citing the past decadal trend, Jateen Trivedi of LKP Securities sees the metal hitting the R20,000/g or R2 lakh/10 grams...
FPIs withdraw Rs 28,200 crore from Indian equities on poll jitters, attractive Chinese market valuations
NEW DELHI: Foreign investors have pulled out a massive Rs 28,200 crore from Indian equities so far this month, owing...
Icecream man of India Raghunandan Srinivas Kamath dies at 75
Born to a mango vendor in a village in Mangalore, Kamath started his business journey by helping his father in...
Vodafone to prioritise 4G network growth over 5G; to spend Rs 55,000 crore
NEW DELHI: Even as other telecom service providers have been rolling out 5G, Vodafone Idea Limited (Vi), the country’s third-largest...
An INDIA alliance victory will lead to de-rating of markets: Brokerage report
NEW DELHI: If Congress-led INDIA alliance comes to power, it will lead to de-rating in markets and in specific sectors...
How well has the NDA’s live-within-your-means economic philosophy served India?
Passed in 2003, the FRBM Act was to reduce annual deficits in a phased manner with a goal of bringing...
Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows
A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers...
Netgear bullish on potential of Indian market, plans more investment in country
BENGALURU: Networking technology company Netgear sees growth momentum in the Indian market and aims to expand its presence here. The...
EU probes Facebook, Instagram over child protection
Brussels: The EU on Thursday opened a formal investigation into Facebook and Instagram on suspicion the platforms owned by Meta...
LIC gets 3 more years till May 16, 2027 to meet Sebi’s 10 per cent public shareholding norm
NEW DELHI: Life Insurance Corporation (LIC) on Wednesday said markets regulator Sebi has granted an additional 3 years time till...
TikTok content creators sue the US government over law that could ban the popular platform
Eight TikTok content creators sued the US government on Tuesday, issuing another challenge to the new federal law that would...
Nirmala Sitharaman says investors needn’t worry about Modi’s return or majority
MUMBAI: Unchecked explosion in the riskier futures & options market by retail investors can create problems for their household finances,...
Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing
The Chinese economy has been slowed by the collapse of the country’s real estate market and past pandemic lockdowns, prompting...
Shriram Finance exits housing finance business, sells entire 85% stake to Warburg Pincus for Rs 4,630 crore
MUMBAI: The largest auto-focused non-bank lender Shriram Finance has decided to exit the housing finance vertical and has agreed to...
Zomato posts Rs 175 crore profit in Q4; eyes store expansion in quick commerce business
BENGALURU: Food delivery platform Zomato on Monday reported Rs 175 crore net profit for the fourth quarter ended March 31....
SBI’s 85 per cent hires in FY25 to be engineering grads
MUMBAI: Eighty-five per cent of about 12,000 freshers set to join the country's largest lender SBI in FY25 are engineering...
AI Express slowly restoring flights; cabin crew union says all members have joined duty
MUMBAI: Air India Express is slowly restoring its flights and stabilising the network, an official said on Sunday while the...
James Simons, mathematician, philanthropist and hedge fund founder, has died
James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one...
Musk’s X banned over 1.8 lakh accounts for policy violations in India in April
In total, X banned 185,544 accounts in the reporting period. The microblogging platform, in its monthly report in compliance with...
Virat Kohli, Anushka Sharma to make a killing from Rs 2615 crore Go Digit IPO
MUMBAI: Digital-only non-life insurance player Go Digit General Insurance which is backed by celebrity couple Virat Kohli and Anushka Sharma...
Indian IT companies become more conservative in FY25 growth projections
As the IT sector goes through muted revenue growth, companies have become more conservative in their FY25 projections, baking in...
PNB Q4 net income zooms 160% to Rs 3,010 crore on massive decline in bad loans
Net interest income increased to Rs 10,363 crore in Q4 from Rs 10,293 crore in Q3 and Rs 9,499 crore...
Air Vanuatu cancels flights and considers bankruptcy protection
MELBOURNE, Australia: Air Vanuatu announced Thursday the airline had cancelled international flights for four days and was considering bankruptcy protection...
Woes of senior cabin crew hits Air India Express; airline says leadership ready for discussions
Air India Express Employees Union (AIXEU), a registered union, which claims to represent around 300 cabin crew members, mostly seniors,...
Rupee settles on flat note at 83.51 against US dollar
MUMBAI: The rupee settled for the day on a flat note at 83.51 (provisional) against the US dollar on Wednesday,...
Infra sector stares at rainy days ahead as RBI tightens infra funding norms
MUMBAI: The sharp increase in the provisioning for financing under-construction infrastructure projects to the tune of 5 percent upfront from...
India allows export of non-Basmati white rice to Mauritius
NEW DELHI: The central government has permitted exports of 14,000 tonne of non-basmati white rice to Mauritius, an official notification...
IIFL facing liquidity crunch as banks await RBI audit to get over after gold loan business ban
Since the pandemic it has been growing faster and has doubled the branch strength to over 2,700 and serves 56...
Zee Media Corporation terminates CEO Abhay Ojha
NEW DELHI: Zee Media Corporation Ltd on Monday said its CEO Abhay Ojha has been terminated with effect from May...
Muthoot Finance arm Belstar Microfinance files for Rs 1300 crore IPO
MUMBAI: Belstar Microfinance, an arm of the largest gold loan company Muthoot Finance, has filed the final documents (draft red...
Thermal power plants have 68pc of normative coal stocks: Govt Data
NEW DELHI: As many as 184 thermal power plants with a total generation capacity of 211 GW have 68 per...
What Destinations Can I Explore With Your Yacht Charter Balearics Service?
Explore With Your Yacht Charter Balearics Service From the Caribbean’s pristine white sandy beaches to the unspoiled islets of the...
After RBI’s punitive action, Kotak Bank says top priority is to get IT infra to ‘gold standard’ level
MUMBAI: Kotak Mahindra Bank, hit hard by a regulatory bombshell late last month, on Saturday admitted that the ban on...
Volkswagen strengthens retail footprint with new store in TN
CHENNAI: German automaker Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening...
Google, Justice Department make final arguments about whether search engine is a monopoly
WASHINGTON: Google’s preeminence as an internet search engine is an illegal monopoly propped up by more than $20 billion spent...
Godrej Properties’ Q4 net profit up 14%, sets Rs 27,000 crore sales target this fiscal
In the reporting quarter, bookings rose to Rs 9,519 crore from selling 5,331 homes with 8.17 million sqft of area....
Markets trade firm in early trade as GST revenues hit record in April
MUMBAI: Equity benchmark indices rebounded in early trade on Thursday amid optimistic investors' sentiment boosted by a record-high GST collections...
Kotak Mahindra Bank shares decline over 4 per cent, hit 52-week low
NEW DELHI: Shares of Kotak Mahindra Bank on Thursday declined over 4 per cent after the company announced that its...
