CATEGORIES

Canara Bank-led group seeks bids for MMOPL NPAS

A consortium of lenders led by the state-owned Canara Bank is seeking binding bids to sell ₹1,226.13 crore of non-performing loans in Mumbai Metro One Private Limited (MMOPL) through a Swiss challenge auction on November 28.

BCFI begins process to seek SRO status

The Business Correspondent Federation of India (BCFI) is about to apply for self-regulatory organisation (SRO) status.

IMF: Investment, pvt consumption helping India grow

India remains the world's fastest-growing economy, with investment and private consumption driving its growth, the International Monetary Fund (IMF) said on Friday in its Regional Economic Outlook for Asia-Pacific.

Govt may tweak bauxite pricing mechanism

Revised conversion factor would apply to new mining leases granted following the notification

6 industries contribute 53% to formal mfg GVA

Metals and chemicals make up 22% of GVA, shows ASI data

Coal production rises 7.4% in Oct; dispatches at 82.89 mt

Coal production rose by 7.4 percent to 84.45 million tonnes (mt) in October compared to 78.57 mt in the corresponding month of the previous fiscal, the Coal Ministry said in a release.

Power consumption up at 140.4 bn units in Oct

India's power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect.

UPI scales fresh peaks on festival season push

PAYMENT TRENDS

GST mop-up in Oct up 9% at ₹1.87 tn, second-best ever

Numbers aided by pickup in sales, improved compliance

Liabilities galore, task cut out for WazirX in quest for white knight

Sourcing white knights, or those entities who may prevent a hostile takeover, may turn out to be an uphill task for the embattled crypto exchange WazirX.

Fashion designer Rohit Bal passes away

Fashion designer Rohit Bal (pictured) passed away on Friday after a prolonged illness.

A-I to deploy A350 services on ultra-long-haul routes

Private carrier Air India (A-I) on Friday commenced Airbus A350 services on ultra-long-haul routes with the deployment of the aircraft on the Delhi-New York route.

EKA Mobility lands ₹3K cr electric bus deal

EKA Mobility, a Pune-based electric vehicle manufacturer which started commercial production just a quarter ago, has said it has an order book of 1,500 electric buses worth about ₹3,000 crore.

Strong fundamentals rekindling investor confidence in edtechs

The Indian edtech sector has been slower than others to recover from the funding winter, yet companies with strong business fundamentals and stable management teams are reigniting investor confidence in the space, according to Ashwin Damera, co-founder and CEO of executive education firm Eruditus.

Firms may need fresh licence to provide satcom services

Existing licence-holding satcom players unsure whether new authorisation would be automatic

Air cargo seeing phenomenal growth amid Red Sea crisis

Bangalore International Airport Ltd (BIAL), which operates Bengaluru airport, expects 13-15 per cent growth in passenger footfall in 2024-25, its Chief Operating Officer (COO) SATYAKI RAGHUNATH tells Deepak Patel in an interview in New Delhi. Besides strong cargo performance, he speaks about the rising adoption of Digi Yatra by domestic travellers and the airport awaiting regulatory guidance to deploy full-body scanners. Edited excerpts:

JSW Steel, Posco in 50:50 JV for steel plant

JSW Steel, the flagship company of the Sajjan Jindal Group, and South Korea's Posco will have an equal share in the proposed steel venture in India with an initial capacity of 5 million tonnes per annum (mtpa).

Ola Electric sells over 50K units in Oct

Sees Y-o-Y growth of 74% in registrations

Top cement firms gain in sales volume in Q2

Smaller companies, beyond the top four, report negative growth

Google India PAT rises 6% to ₹1,425 cr in FY24

Google India has posted a profit after tax (PAT) of ₹1,424.9 crore in the financial year 2023-24 (FY24), according to documents shared by Tofler on Friday.

Cities choke post-Diwali, but not that 'severely'

LESS TOXIC AIR

Apple achieves record revenue in India: CEO

Apple has achieved record revenue in India for the September quarter, driven by high demand for its latest iPhone models and strong iPad sales, Chief Executive Officer (CEO) Tim Cook announced during the company's Q4 earnings call on Friday.

Online delivery of goodies lights up Diwali

DELIVERY ON DEMAND

Samvat 2081 kicks off on positive note

7th consecutive year of gains in Muhurattrading

Car sales shift up gear on festival demand

Maruti logs record retail sales in Oct, says industry may see 20% uptick

Climate May Keep Changing Long After Humanity Hits Net-Zero Emissions

The world is striving to reach net-zero emissions as we try to ward off dangerous global warming. But will getting to net-zero actually avert climate instability, as many assume?

Jeff Bezos, Elon Musk And The Billions Of Ways To Influence An Election

Entrepreneurs become legends when they make big bets on technology that pay off in a huge and dramatic way. Elon Musk is now applying that all-or-nothing philosophy to a presidential election, tying his reputation and perhaps his future to a win by Donald J. Trump.

US Economy In A Sweet Spot. Why Risk It?

The US just got another stellar update on the state of the economy. Real gross domestic product expanded at a 2.8 per cent annualised pace in the third quarter, and a key measure of inflation fell to within a whisker of the Federal Reserve's target.

Climate change to put APAC GDP on thin ice with 41% melt by 2100

India alone could face 24.7% loss in GDP by 2070

More intelligence features will be available in Dec, confirms Apple

Apple will add the option to enable access to OpenAI's ChatGPT from within Writing Tools and Siri.