CATEGORIES

Germany's Rhenus Group eyes cargo ops in inland waterways

Rhenus Logistics, a leading transportation player in Europe, is looking to ramp up its India operations. It will pump about $100 million into the country's inland waterways starting next year, said Tobias Martin Bartz, chief executive officer (CEO) of the Rhenus Group.

Facing OTT heat, DTH players' revenue continues to decline

Shift in preference for more flexible digital content options reason for fall

IndiGo shares nosedive 8% after weak Q2 show

Near-term outlook remains challenging as supply outpaces demand

Waaree Energies jumps 56%, Deepak Builders slumps

It was a mixed bag for new listings on Monday with shares of Waaree Energies gaining over 55 per cent while that of Deepak Builders and Engineers India plunging more than 20 per cent.

Volume outlook remains positive for Coal India

The Q2FY25 revenue for Coal India (CIL) was reported at ₹30,700 crore (down 6 per cent year-on-year or Y-o-Y and 16 per cent sequentially).

Swiggy trims IPO valuation to $11.3bn

Sets price band at ₹371-390 per share

Index funds move the SIP needle

Share of such funds in monthly inflows nears 5 per cent from 3.5 per cent a year ago

Mkts snap 5-day losing streak as geopolitical tensions ease

ICICI Bank propels Sensex to best session in a month

CPCB cracks down on plastic waste violations

In response to rising complaints regarding violations of the Plastic Waste Management (PWM) Rules, 2016, the Central Pollution Control Board (CPCB) has issued stringent orders to State Pollution Control Boards (SPCBs) and Pollution Control Committees (PCCs) to enforce immediate action against offenders.

MHA issues alert against illegal payment gateways

The Ministry of Home Affairs (MHA) has issued an alert against illegal payment gateways created by transnational gangs of cybercriminals using mule bank accounts and are being used for facilitating money laundering, officials said on Monday.

Has the exchange rate regime changed for the worse?

Over the past few years, the Reserve Bank of India (RBI) has radically altered the nation's exchange rate policy, shifting from a relatively flexible regime to an inflexible one.

Keeping the faith

It would not be an exaggeration, albeit controversial, to consider religion among one of the most divisive forces in the world. It creates barriers between people on the basis of the gods they worship or the prophets they revere. It justifies wars and has emboldened crusaders and imperialists to undertake acts of unbelievable cruelty in the past.

Global leader

India has capabilities to leverage AI

Different experiences

Consumption prospects of different classes may be diverging

Can China navigate the storm?

While it has successfully weathered economic challenges before, this time is different

Don't confuse sales data with consumer trends

It is the quarterly earnings season, and with it come narratives from equity analysts, business media and chief executive officers on the health and status of consumer demand.

Japan PM vows to restore stability after losing majority

Ruling coalition fell short of required number in the lower house for the first time since 2009

Boeing launches $19 bn share sale in bid to shore up finances

Boeing Co launched a nearly $19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker's liquidity needs and stave off a potential credit rating downgrade to junk.

Harris plans 'freedom' rally, Trump courts men in final push before polls

The campaign for the US presidency enters its final week with Vice President Kamala Harris and former President Donald Trump locked in a stubbornly close race, making starkly different pitches to motivate supporters and win over the few remaining persuadable voters.

VW to hit the brakes on three German factories to cut costs

Plan includes mass layoffs and a 10% wage cut

Israel bombs Tyre in south Lebanon, leaving 7 dead

Israel continued battering Lebanon on Monday, including an early-morning airstrike on the southern port city of Tyre that left seven dead, the Lebanese health ministry said.

When B/E filed in advance, duty rate will be as on date of grant of entry inwards for vessel

Census likely from early 2025, no call yet on caste

Sources say data will be declared by 2026, which may change future cycles

Waqf Bill panel meet: BJP, Oppn engage in verbal clash again

Members of ruling and Opposition parties engaged in verbal clash as former judges and Waqf administrators of different states appeared before the Parliament's panel on the Waqf Bill, which met for the first time on Monday after TMC member Kalyan Banerjee's suspension for unruly conduct.

IndianOil slips into red in Q2

Suffering from lower refining and marketing margins, state-run Indian Oil Corporation Ltd (IOCL) ended the second quarter of 2024-25 (Q2FY25) with a net loss of ₹169.58 crore (attributable to the owners), as compared to the ₹13,114.3 crore net profit registered in Q2FY24.

Spandana Sphoorty suffers 216 crore consolidated loss

Microfinance lender Spandana Sphoorty Financial suffered a consolidated loss of ₹216 crore in the quarter ended September 2024 (Q2FY25) on multi-fold rise in provisions for stressed loans.

Recoveries drive Indian Bank's profit up 36%

Public-sector lender Indian Bank's net profit during the September quarter of 2024-25 (Q2FY25) rose 36 per cent year-on-year (Y-o-Y) to ₹2,707 crore, predominantly driven by a sharp rise in non-interest income (NII) and decline in provisions for stressed loans.

Ashok Chandra tipped to be next PNB MD & CEO

The Financial Services Institutions Bureau (FSIB) on Monday recommended Ashok Chandra for the position of managing director (MD) & chief executive officer (CEO) of Punjab National Bank (PNB).

PNB's profit jumps 145% in Q2

State-owned Punjab National Bank (PNB) on Monday reported a 145 per cent year-on-year increase in its net profit at ₹4,303 crore for the second quarter (Q2) of 2024-25 (FY25). The net profit was ₹1,756 crore in the year-ago period.

‘We may lend to a telco if it gets AAA rating’

Punjab National Bank (PNB) has said it would consider lending to a telecom company only if it gets AAA rating. PNB Managing Director and Chief Executive Officer ATUL KUMAR GOEL said this in an online interview to Harsh Kumar while responding to a question on Vodafone Idea’s request for a fundraise. As of now, PNB has refused lending to the telco, Goel said. Edited excerpts: