CATEGORIES

Not just by spending cuts

The Centre must look at non-tax measures to boost its fiscal performance

When will India celebrate failure?

The executive and legislature work in unison to enact laws to address pressing socio-economic issues. Historically, laws would include a clause stating that they would come into effect on a date appointed by the executive. However, recent enactments include a proviso to that clause, allowing different provisions of the same law to come into force on different dates.

4 policymakers favour more rate cuts ahead of Fed meet in Nov

Four Federal Reserve policymakers expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.

Blinken makes last ceasefire push before US polls

US Secretary of State Antony Blinken arrived in Israel on Tuesday on his 11th visit to the region since the outbreak of the Israel-Hamas war. Washington hopes to revive cease-fire efforts after the killing of top Hamas leader Yahya Sinwar, but so far all the warring parties appear to be digging in.

Putin hosts world leaders at Brics summit, indicating he's far from isolated

President Vladimir Putin is playing host to Russia's biggest gathering of world leaders since the invasion of Ukraine and using the Brics summit to show the US and its allies that he's no pariah.

Meta restarts facial recognition to curb scams

Firm shut down the verification system on Facebook in 2021 amid 'growing societal concerns'

Under new CEO, HSBC unveils biggest restructuring in 10 yrs

Bank also names first woman chief financial officer in its 159-year history

Jindal cement arm to invest ₹2K cr to scale up output

The Naveen Jindal group's Jindal Panther Cement on Tuesday said it will invest ₹2,160 crore to scale up production capacity to 7 million tonne per annum (mtpa).

UltraTech, Ambuja in hunt for more cement assets

The Aditya Birla group's UltraTech and billionaire Gautam Adani-owned Ambuja Cements are scouting for more cement sector assets after a string of acquisitions by both cash-rich companies, bankers said. UltraTech, owned by billionaire Kumar Mangalam Birla, bowed out of the race for Orient Cement, a CK Birla-owned company, as it found the asking price too expensive after due diligence, they said.

RInfra to invest ₹10K cr in Maha defence project

Anil Ambani-promoted Reliance Infrastructure (RInfra) plans to invest ₹10,000 crore over the next 10 years to set up what the company termed India's largest greenfield defence initiative undertaken by any private sector firm to manufacture explosives, ammunition, and small arms in Ratnagiri, Maharashtra.

RIL, Disney to sell 7 channels to win CCI nod for merger

The Competition Commission of India (CCI) on Tuesday published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions, including divestment of seven TV channels.

A-I aims to double direct sales earnings in 2-3 yrs

Tata Group-run Air India aims to double its ticket sales through direct channels, including its website and app, within the next 2-3 years by enhancing their value proposition to passengers, Satya Ramaswamy, chief digital and technology officer, Air India, said on Tuesday.

50 flights, 5 schools get bomb threats

80 flights received threats since Monday

Cement Inc valuation hits new peaks despite weak earnings

There has been a sharp slowdown in revenue and profit growth in the cement sector in recent quarters but it is yet to show in the share prices of cement companies.

Hyundai confirms plan to launch hybrid vehicles

Hyundai Motor India Limited (HMIL) on Tuesday confirmed it was indeed planning to roll out hybrid vehicles in the Indian market. But the company didn't reveal the exact timeline.

China confirms agreement to end standoff in eastern Ladakh

China on Tuesday confirmed it had reached an agreement with India to end the standoff between the two armies in eastern Ladakh.

No tariff hike on cards, want to retain existing customers: BSNL CMD

State-run telecom company Bharat Sanchar Nigam Limited (BSNL) will not raise tariffs in the near future as its prime interest is to retain customers and win their confidence, said its Chairman and Managing Director (CMD) Robert J Ravi on Tuesday.

Modi pitches for peaceful solution to Ukraine war

The Russia-Ukraine conflict should be resolved in a peaceful manner and India is ready to provide all possible cooperation towards it, Prime Minister (PM) Narendra Modi said on Tuesday during his talks with Russian President Vladimir Putin.

Union Bank to take call on raising ₹10K cr next quarter

The decision to raise fresh capital of up to ₹10,000 crore by Union Bank of India to support its business growth will be taken in the next quarter.

Bajaj Finance Q2 profit jumps 13% on rising NII

Non-banking financial company Bajaj Finance reported 13 per cent year-on-year (Y-o-Y) growth in its consolidated net profit to ₹4,014 crore in the July-September quarter (Q2FY25), helped by healthy growth in net interest income (NII). NII for consolidated books expanded by 23 per cent (Y-o-Y) to ₹8,838 crore, up from ₹7,196 crore in the same period of the previous year (Q2FY24).

Irdai nudging more firms to list: Chairman

The Insurance Regulatory and Development Authority of India (Irdai) is engaging with select insurers it believes should pursue public listing, Chairman Debasish Panda said on Tuesday. Irdai is also encouraging others that have reached a certain size and maturity to do the same, as public listing enhances transparency and creates more value for policyholders and investors.

Allianz looks to exit Bajaj's insurance JVs

Its stake in both firms is estimated at ₹30K cr

StanC to double down on SME, affluent segments

Retail banking is \"core\" to UK-based Standard Chartered Bank's strategy in India as it is looking to double down on small and medium enterprises (SMEs), affluent, and wealth banking segments, according to the bank's senior management. This comes after the bank, last week, sold its personal loan portfolio of over ₹4,100 crore to Kotak Mahindra Bank.

RBI to meet pvt banks next mth on governance

This will be 2nd meeting of its kind

Skilling gap a challenge for India: FM

India faces a significant challenge skilling its vast young workforce to meet the requirements of the job market, Finance Minister Nirmala Sitharaman said at an event hosted by The Economic Club of New York on Monday.

IMF retains India's FY25 growth forecast at 7%

Highlights stable global growth amid shifting economic dynamics

‘Before announcing a big programme, govt should test it’

IQBAL DHALIWAL is global executive director of J-PAL (Abdul Latif Jameel Poverty Action Lab), the anti-poverty centre at the economics department of Massachusetts Institute of Technology that was founded in 2003 by Nobel laureates Abhijit Banerjee and Esther Duflo. Banerjee and Duflo pioneered Randomised Controlled Trials (RCTs) used to test the effectiveness of a particular intervention to determine whether a change causes a specific effect. During his recent visit to attend the Kautilya Economic Conclave in New Delhi, Dhaliwal told Asit Ranjan Mishra in an interview about evidence-based policymaking in India, and universal basic income, among other things. Edited excerpts:

India's exports to 8 of top 10 mkts grow in H1

Netherlands, US, UK see positive growth despite muted global demand

Qcom firms get CCPA notices

The Central Consumer Protection Authority (CCPA) has issued notices to several quick commerce (qcom) companies for failing to comply with mandatory product disclosure requirements, a top official said on Tuesday.

Adani Energy net rises 2x to ₹674.9 crore

Adani Energy Solutions (AESL) on Tuesday reported 145 per cent year-on-year jump in its consolidated net profit to ₹674.96 crore (attributable to the owners of the company) for the second quarter of financial year 2025 (Q2FY25), on the back of higher revenue generation, and deferred tax reversals.