CATEGORIES

Feedback on fintech SRO framework sought by February

THE RESERVE BANK of India (RBI) on Monday called upon fintech companies to build a consensus around the membership criteria of the proposed self-regulatory organisation (SRO) and whether the sector should have a singular or multiple SROS. The central bank has issued draft guidelines on fintech SRO and has sought public feedback by February.

Jio Financial Q3 consolidated PAT dives 56% QOQ as expenses grow

THE CONSOLIDATED NET profit of Jio Financial Services, the NBFC arm of Reliance Industries, slumped 56% quarter-on-quarter (QoQ) to 294 crore for the December quarter due to higher expenses and lower total income.

RBI moots raising housing financiers' liquid assets bar

THE RESERVE BANK of India on Monday proposed a phased transition towards tightening regulations for housing finance companies (HFCs) to ensure they are treated at par with non-banking financial companies (NBFCs).

Bachchan buys Ayodhya plot worth ₹14.5 crore

BOLLYWOOD ACTOR AMITABH Bachchan has bought a 10,000 square feet plot for around ₹14.5 crore in a project in Ayodhya that is being developed by Mumbai-based realty firm House of Abhinandan Lodha, sources said on Monday.

Affordable homes: Realtors expect lower interest rates

AHEAD OF THE Interim Budget to be presented next month, property developers are hoping for lower interest rates on affordable housing loans and also lower taxes on such properties to boost demand in the segment.

Mahindra-backed InvIT raises ₹2K cr through initial offer

SUSTAINABLE ENERGY INFRA Trust (SEIT), an infrastructure investment trust (InvIT) co-sponsored by Mahindra Group and global investor Ontario Teachers' Pension Plan Board (OTPP), has raised 2,262 crore through an initial offer of its units.

New models, increased adoption help double EV volumes in 2023

SEVERAL NEW LAUNCHES and increased adoption by consumers have led to doubling of the passenger electric vehicle (EV) market in the country in 2023. The penetration of EVs has also doubled, making India one of the fastest-growing markets globally.

Kia won't enter small car lane, to stay premium

THE SHRINKING POPULARITY of the compact car segment in the country is making global carmakers develop bigger and premium offerings. Korean car brand Kia has decided against launching anything below the recently upgraded Sonet SUV and stick to the premiumisation path.

Deal pipeline, AI push put IT firms on growth path

DOMESTIC INFORMATION TECHNOLOGY (IT) firms may still not be out of the woods when it comes to improvement in spending by clients across the globe.

Most issues in India-UK trade pact closed

DISCUSSIONS ON the majority of policy areas in the proposed free trade agreement (FTA) with the UK have either been closed or are in an advanced stage of negotiation, said a senior official on Monday.

Strength of next govt's mandate to shape fiscal consolidation: Moody's

The strength of the next government's mandate in the parliamentary election this year will significantly shape India's medium-term trajectory for fiscal consolidation and governance, Moody's Investors Service said on Monday.

Now, large electricity users can directly access grid

THE GOVERNMENT ON Monday allowed large industrial users of electricity to have their own transmission lines and grid connectivity without any requirement of licence, and tweaked transmission tariff norms to make it more cost-reflective.

India on top for trust in NGOs, businesses; fourth for media

INDIA TOPS THE charts in terms of trust in businesses and NGOs, but ranks fourth in terms of trust in media and fifth for the government, an annual trust barometer showed on Monday.

WPI inflation increases to 9-month high of 0.73%

INDIA'S WHOLESALE PRICE index (WPI) inflation rose to a ninemonth high of 0.73% in December from 0.26% in the previous month owing to high food prices, as per data released by the commerce ministry on Monday.

Exports at 8-month high in December

Exports up 1%, imports shrink 5%; no severe hit from Red Sea woes

A lot is happening over Koffee

BOLLYWOOD FILMMAKER KARAN Johar will conclude the eighth edition of his chat show Koffee with Karan on Disney + Hotstar this Thursday on a high note, with actor Aamir Khan and ex-wife Kiran Rao as his guests.

Poverty halves since 2015: Niti

WITH AN ESTIMATED 248.2 million people moving out of multidimensional poverty between 2013-14 and 202223, India likely achieved a key Sustainable Development Goal (SDG) of halving the scourge, seven years ahead of the United Nation's target of 2030, according to a discussion paper by the Niti Aayog.

15% corporate tax may stay beyond March for new units

WHILE THE INTERIM Budget on February 1 may steer clear of any major changes in the tax policy, it will likely extend the sunset clause for the concessional 15% corporate tax rate for new manufacturing units beyond March 2024, sources privy to the matter said.

Buoyant IT drives Nifty past 22K, Sensex 73K

DALAL STREET SAW yet another record-breaking run by the benchmarks on Monday riding on solid gains in the IT pack.

Delhi airport: 10 flights diverted, 100 delayed

A TOTAL OF 10 flights were diverted, nearly 100 delayed, and some cancelled at the Delhi airport on Sunday morning, as low visibility due to dense fog conditions disrupted operations.

Ahead of lowa caucuses, Trump slams Ramaswamy

Criticisms come as voters will start making their voices heard

Fortifying Indian Army's combat readiness - BRAHMOS

INDIA commands one of the largest ground forces in the world. Indian Army - world's second largest military force and the largest standing volunteer army - has remained at the forefront of safeguarding national unity and territorial integrity while maintaining constant vigil in the border frontiers.

Skills that management accountants must focus on

Once in the profession, it’s crucial to upskill: Sarah Ghosh, CIMA

Automated allocation better for first-time investors

Invest in such funds to reduce concentration in one asset class

BLS E-Services eyes IPO by February: Chairman

To double BC outlets, customer footfalls in 1.5-2 years

Banks' biz updates signal robust Q3

BANKS ARE EXPECTED to report healthy credit growth in the third quarter of FY24, business updates put out by the lenders reveals.

TCS, Wipro and HCLTech improve cost control in Q3

With higher cost of sales, Infosys only exception to trend

Hyundai to pump in ₹7,000 cr into GM's Pune plant

HYUNDAI MOTOR INDIA, the country's second largest carmaker, will invest 7,000 crore in the inoperative General Motors plant located near Pune, deputy chief minister Devendra Fadnavis announced.

DMart's priority is grocery: CEO

Value apparel retail format growing in India, say analysts

Rahul embarks on 'nyay yatra'

HOPING TO GENERATE much-needed political momentum to take on the BJP in the Lok Sabha elections barely a couple of months away, senior Congress leader