CATEGORIES

CIL may foray into mining of lithium

IN AN AMBITIOUS move to diversify into critical mineral mining, Coal India (CIL) is considering starting exploration and mining of lithium, a key element in the country's energy security strategy.

E-platform for exporters in 2-3 months

THE COMMERCE MINISTRY has started work on an online platform that will facilitate aspiring exporters through guidance and hand-holding in all aspects of trade and it will be made operational in the next three months, Santosh Kumar Sarangi, Director General of Foreign Trade, said on Thursday.

India toughens its stance on farm support at WTO

INDIA HAS DECIDED to put its foot down at the World Trade Organisation (WTO) on the issue of farm support.

Centre set to unveil new business-ready' formula

THE GOVERNMENT MAY make a slew of announcements in the upcoming interim Budget giving a new dimension to the ongoing efforts to improve \"ease of doing business\" in the country.

Tata Steel may take Port Talbot call today; move to hit 3,000 staff

TATA STEEL IS understood to be shutting down its both blast furnaces at Port Talbot in South Wales, the BBC reported on Thursday, adding the Tatas are expected to officially announce the plan on Friday.

Akasa Air orders 150 Boeing 737 MAX jets

THE COUNTRY'S LATEST carrier, Akasa Air, on Thursday announced a firm order of 150 Boeing 737 MAX aircraft taking its total order size to more than 200.

Vodafone Idea's govt dues rise by ₹700 crore

THE FINANCIAL CRUNCH at Vodafone Idea, which has so far been unable to raise funds from investors, is showing as the company's dues to the government towards quarterly statutory dues like licence fee and spectrum usage charge.

No concern on CD ratio: Das

RBI examining feedback on decision to ask banks to pare stake in AIFs

Most rural kids aged 14-18 can't do Class 3 math, 25% can't read

MORE THAN HALF of 14-to 18year-old youths in rural India cannot solve a simple threedigit division problem that's usually taught in Class 3-4 and struggle with everyday skills, including determining time and doing basic calculations, shows the latest edition of the Annual Status of Education Report (ASER) released on Wednesday.

3 tactics India needs to pass German test

TO REACH PARIS, India will have to do something they haven't in close to a decade conquer Germany.

1 SUV makes up for 3 cars for Honda: CEO

THE ELEVATE SUV, launched in September 2023, has filled the sales gap left by three passenger cars -- fourth-generation City, Jazz and WR-V -- for Honda Cars India, Takuya Tsumura, the president & CEO, told FE.

Tata launches Punch EV

TATA MOTORS ON Wednesday launched the electric version of the Punch, its fourth offering in the sub-four-meter category, at an introductory price of ₹10.99 lakh (ex-showroom, all-India).

Platforms may get 72 hours to address user grievances

May have to inform Board immediately in case of breach

Planemakers set to unveil new orders at Wings India

AIRCRAFT MAKERS WILL showcase their latest jetliners and airlines are expected to place new orders this week at the Wings India 2024, which kickstarts here today, as they look to cash in on the surge in air travel in the world's thirdbiggest market.

Apple is world's top phone maker, beats Samsung

APPLE'S IPHONE DETHRONED Samsung Electronics devices to become the best-selling smartphone series over the course of 2023, the first time South Korea’s largest company has lost the top spot since 2010.

Fed rate cut wagers may lean on history

IN THE FACE of continued warnings from the Federal Reserve, traders betting on a March interest-rate cut may be relying too heavily on history, according to some strategists.

Equities to attract more global funds after polls: Goldman

INDIA MAY SEE accelerated foreign inflows into its $4.4-trillion stock markets once the general elections are over, according to a Goldman Sachs strategist.

Auditors must display professional scepticism'

National Financial Reporting Authority (NFRA) has detected an absence of \"professional scepticism\" by auditors in several cases during its inspections, chairperson Ajay Bhushan Pandey tells Priyansh Verma.

HDFC Bank tumbles 8.5%, leads rout in banking index

Brokerages have raised concerns over slower growth in deposits which has impacted bank’s liquidity

Foxconn partners HCL for India chip packaging unit

A subsidiary of the Taiwanese company will form a joint venture with HCL Group and invest 37.2 million for a 40% stake

Apple unveils 15-floor office in Bengaluru

IPHONE MAKER APPLE has further cemented its presence in India by opening a 15-floor office at Minsk Square in Bengaluru. The new office will house 1,200 people and feature a dedicated lab space, areas for collaboration and wellness, and Caffe Macs, the company said.

Saudi price cuts may not dent Urals demand

INDIA'S CRUDE OIL imports from Saudi Arabia may pick up modestly after the kingdom cut the official selling price of its key export grade for February, but the demand for discounted Russian Urals is still seen surpassing that for the oil from Saudi Aramco.

Fertiliser subsidy won't exceed outlay for FY24

₹1.75 trn may be set aside for FY25

Massive pipeline ₹2.1-trn BOT on the road

53 highway projects identified by NHAI

Crisis in Red Sea: Finmin asked to ease export credit

AN INTER-MINISTERIAL MEETING on Red Sea crisis on Wednesday has asked Department of Financial Services (DFS) in the finance ministry to monitor the credit requirements of exporters and ensure that credit flows to them are maintained, a senior official said Wednesday.

Inflation may ease further, growth at 7% in FY25: Das

INDIAN ECONOMY SHOULD record a growth rate of 7% in the next fiscal and inflation is likely to ease further, RBI Governor Shaktikanta Das said on Wednesday.

Railways may get outlay of ₹3 trn

THE INTERIM BUDGET 2024-25 will likely allocate ₹2.8-3 trillion for the railways to keep its capex momentum intact, compared with ₹2.4 trillion provided in the 2023-24 (Budget estimate).

CRASH COURSE

MARKET MOMENTUM CAME to a halt on Wednesday, with the Indian benchmarks registering their worst single-day showing since February 24, 2022

Nagal First Indian To Beat Seeded Player In Grand Slam Since 1989

LATE LAST YEAR, India's top-ranked singles player Sumit Nagal had highlighted the financial uncertainty of many journeymen professional tennis players ranked outside the top 100.

Showcause notices to IndiGo, MIAL for passenger trouble

THE BUREAU OF Civil Aviation Security (BCAS) on Tuesday issued showcause notices to IndiGo and Mumbai airport operator, MIAL over the incident of passengers having food on the airport tarmac on Sunday.