CATEGORIES

Maldives to India: Pull out troops by March 15
Financial Express Mumbai

Maldives to India: Pull out troops by March 15

MALDIVIAN PRESIDENT MOHAMED Muizzu has asked India to withdraw its military personnel from his country by March 15, a senior official in Male said on Sunday, nearly two months after Maldives sought their removal.

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1 min  |
January 15, 2024
Deora quits Congress joins Shinde's Shiv Sena
Financial Express Mumbai

Deora quits Congress joins Shinde's Shiv Sena

IN A SEEMING setback to the Congress in Mumbai ahead of the Lok Sabha elections, former MP Milind Deora quit the party on Sunday and joined the Shiv Sena led by Maharashtra chief minister Eknath Shinde.

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2 mins  |
January 15, 2024
Sub-4% core inflation betrays weak demand conditions, say economists
Financial Express Mumbai

Sub-4% core inflation betrays weak demand conditions, say economists

THE RESERVE BANK OF India's (RBI) monetary policy action may be credited for reducing core Consumer Price Index (CPI) inflation in the recent months, but a sub-4% core print also denotes weak demand conditions at an aggregate level, say economists.

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2 mins  |
January 15, 2024
FY25 farm credit target may be fixed at ₹22 trn
Financial Express Mumbai

FY25 farm credit target may be fixed at ₹22 trn

THE GOVERNMENT IS likely to set a target of ₹22 trillion for agriculture credit for the next financial year, up 10% from the current year's goal which may be overshot, sources said.

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2 mins  |
January 15, 2024
Bids called for BOT highway projects worth ₹31,000 cr
Financial Express Mumbai

Bids called for BOT highway projects worth ₹31,000 cr

THE BUILD OPERATE Transfer (BOT) model for highway construction is back, with the National Highways Authority of India (NHAI) calling bids for projects entailing combined investments of ₹31,000 crore via this route.

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2 mins  |
January 15, 2024
Financial Express Mumbai

India lounges dominate promenade at Davos

Indian lounges have dominated the main Promenade street of Davos as the snowcapped resort town readies for the five-day World Economic Forum Annual Meeting beginning Monday.

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1 min  |
January 15, 2024
Financial Express Mumbai

Losses hound beauty startups

PROFITS CONTINUE TO elude startups in India's fast-growing beauty and personal care (BPC) space.

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2 mins  |
January 15, 2024
PMAY-G 2.0 may see 85% hike
Financial Express Mumbai

PMAY-G 2.0 may see 85% hike

THE GOVERNMENT MAY unveil a new version of the flagship Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) for the next five years, with financial assistance 85% higher than under the current scheme for each beneficiary, to build pucca houses in rural areas.

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2 mins  |
January 15, 2024
Financial Express Mumbai

New IT regime set for tweaks

Higher threshold o 20 lakh possible for 30% slab: Experts

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3 mins  |
January 15, 2024
Parallel testing for electronics items
Financial Express Mumbai

Parallel testing for electronics items

Samsung, Apple to benefit as govt eases testing norms

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1 min  |
January 15, 2024
NASA prepares for mishaps in its moonshot strategy
Financial Express Mumbai

NASA prepares for mishaps in its moonshot strategy

WHEN THE FIRST US-made moon lander launched in more than 50 years experienced a critical failure shortly after reaching space on Monday, the news was initially a shock. But NASA was prepared.

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1 min  |
January 14, 2024
Financial Express Mumbai

CHRIS BUCKLEY, AMY CHANG CHIEN, JOHN LIU DAMIEN CAVETaipei, January 13

INDIA KEPT FORMER champions Australia at bay till the 50th minute before eventually losing their AFC Asian Cup football tournament opening group match 0-2 in a gritty performance on Saturday.

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1 min  |
January 14, 2024
Hospitality players peg loss to Maldives at $25-50 mn
Financial Express Mumbai

Hospitality players peg loss to Maldives at $25-50 mn

AMID THE UPROAR over Indians boycotting Maldives as a tourist destination, which has sparked off a chain of cancellations by individuals and agencies alike, the tourism sector is anticipating distress in the coming months.

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2 mins  |
January 14, 2024
Financial Express Mumbai

Real estate records 30% decline in foreign investment

THE SHARE OF foreign institutional investors in the real estate sector shrunk by 30% to $2.733 billion in 2023 as against $3.926 billion in the previous year on account of the macroeconomic slowdown, says a report.

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1 min  |
January 14, 2024
Financial Express Mumbai

ED sends fourth summons to Kejriwal

THE ENFORCEMENT DIRECTORATE (ED) on Saturday summoned Delhi Chief Minister Arvind Kejriwal yet again for questioning in the excise policy case.

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2 mins  |
January 14, 2024
Financial Express Mumbai

Avenue Supermarts Q3 profit rises 17%

Margins down amid rise in total expenses

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1 min  |
January 14, 2024
Kharge named INDIA bloc chief; Nitish declines convenor post
Financial Express Mumbai

Kharge named INDIA bloc chief; Nitish declines convenor post

IN A MEETING not attended by Trinamool Congress's Mamata Banerjee, SP's Akhilesh Yadav and Shiv Sena (UBT)'s Uddhav Thackeray, leaders of major INDIA bloc parties Saturday agreed to appoint Congress president Mallikarjun Kharge as chairperson of the alliance and Bihar chief minister Nitish Kumar as the convenor pending consultations with the three senior leaders who stayed away citing preoccupation.

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2 mins  |
January 14, 2024
Got info from India on social security pact, work on: USTR
Financial Express Mumbai

Got info from India on social security pact, work on: USTR

THE US TRADE Representative Katherine Tai on Saturday said India has just furnished the required information for the proposed social security agreement, a move that will help ease the tax burden of Indian professionals in the US, especially those with temporary work visas.

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1 min  |
January 14, 2024
No plan to lift export curbs on rice, wheat, sugar: Govt
Financial Express Mumbai

No plan to lift export curbs on rice, wheat, sugar: Govt

Possibility of import of wheat ruled out

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2 mins  |
January 14, 2024
Financial Express Mumbai

Turning brick & mortar retail green

SUSTAINABILITY IN BUSINESS practices is now seeping down into the retail experience as well. Brands such as Apple, Pizza Hut and Puma are making efforts to go green in their stores too by reducing energy costs, providing energy-efficient lighting, internet of things (IOT) solutions and improving air quality in store design.

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2 mins  |
January 14, 2024
Retail investors' net inflows in NSE cash market fall 77%
Financial Express Mumbai

Retail investors' net inflows in NSE cash market fall 77%

RETAIL INVESTORS EXPERIENCED a significant downturn in net inflows to the NSE cash market segment, marking a 77% decline to 8,700 crore in April-November 2023, compared to the same period a year ago.

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1 min  |
January 14, 2024
Financial Express Mumbai

First flight from Navi Mumbai airport in 2025

NAVI MUMBAI INTERNATIONAL Airport (NMIAPL), which is being built by the Adani group, will commercial start operations by March 31, 2025, even though trial flights are expected by October this year.

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2 mins  |
January 14, 2024
Govt in action mode on Red Sea crisis
Financial Express Mumbai

Govt in action mode on Red Sea crisis

Inter-ministerial meet to discuss way forward on Jan 17

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2 mins  |
January 14, 2024
Australian Open: Sania Mirza says not enough credit given to returning mothers
Financial Express Mumbai

Australian Open: Sania Mirza says not enough credit given to returning mothers

FOR THE FIRST time in the last few years, an established top 4, with momentum on their side with nothing to prove, will kick off a women's singles Grand Slam at the Australian Open on Sunday but the likelihood of a major upset in some feisty early rounds looms large.

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3 mins  |
January 13, 2024
Citi to cut 20,000 jobs over 2 years, posts $1.8-bn loss
Financial Express Mumbai

Citi to cut 20,000 jobs over 2 years, posts $1.8-bn loss

CITIGROUPWILL CUT 20,000 jobs over the next two years, the bank said on Friday after reporting a $1.8 billion loss for the fourth quarter.

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2 mins  |
January 13, 2024
Financial Express Mumbai

BlackRock to acquire GIP for $12.5 bn in alternatives push

BLACKROCKAGREED Adebayo Ogunlesi's Global Infrastructure Partners for about $12.5 billion, vaulting the world's biggest money manager into the top ranks of investors that make long-term bets on energy, transportation and digital infrastructure.

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1 min  |
January 13, 2024
Financial Express Mumbai

RBI slaps ₹2.38-cr fines on 4 entities

THE RESERVE BANK on Friday said it has imposed penalties totalling 2.38 crore on four entities, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms.

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1 min  |
January 13, 2024
Financial Express Mumbai

Banks place aggressive bids at VRR auction

THE RESERVE BANK of India (RBI) on Friday received bids worth 3.92 trillion from banks, against the notified amount of 1.75 trillion, at the variable rate repo (VRR) auction. Unlike the previous seven-day auctions, the RBI extended the tenure of Friday's auction to 13 days.

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1 min  |
January 13, 2024
Sebi tweaks rule for AIF investor onboarding
Financial Express Mumbai

Sebi tweaks rule for AIF investor onboarding

SEBI ON FRIDAY tweaked the framework for onboarding investors by alternative investment funds (AIFs). This came in view of amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005.

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1 min  |
January 13, 2024
Financial Express Mumbai

US SEC nod for Bitcoin ETFs may bring in $80-bn inflows

Bitcoin’s value surges to $46,500 after US SEC nod, froma low of $16,000 in Nov

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2 mins  |
January 13, 2024