CATEGORIES

Godrej Consumer opens ₹515-cr Chennai unit

GODREJ CONSUMER PRODUCTS (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of ₹515 crore.

NCLAT upholds nod to ICICI Sec delisting

THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) on Monday dismissed appeals challenging the National Company Law Tribunal's order that had allowed ICICI Securities to proceed with its proposal to delist from the stock exchanges.

Mark Carney wins race to lead Liberal Party, and Canada

FORMER CENTRAL BANKER Mark Carney won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday.

How a personal problem led to a solution for many

IN 2014, A year after graduating from IIT Roorkee, life for Harshil Mathur and Shashank Kumar was all about taking the familiar course of working in large global corporations abroad.

Chhattisgarh liquor scam: ED raids premises of former CM Baghel, son

The Enforcement Directorate (ED) on Monday conducted searches at 14 locations in Chhattisgarh's Durg district, including the residence of former chief minister Bhupesh Baghel and his son Chaitanya, in connection with an alleged liquor scam.

Noida Airport opening delayed to June qtr: Zurich Airport CFO

THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.

Stop asking for tax cuts, Gadkari tells India Inc

UNION MINISTER NITIN GADKARI on Monday asked the industry not to perpetually demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.

Over 82% USAID projects cancelled

SECRETARY OF STATE Marco Rubio said he had officially canceled 83% of USAID's contracts and that his agency will administer its few remaining programs.

'Account discrepancy to hit net worth'

EARLIER IN THE DAY, shares of IndusInd Bank plunged nearly 6% intraday to their lowest level since July 2022 after the RBI granted CEO Sumant Kathpalia only a one-year extension, against the board application for three years.

Indices Fall on Tariff Concerns; VIX Jumps

SHARES ENDED LOWER on Monday, with the broader market seeing sharper cuts, as concerns over US tariffs and the ongoing market decline kept investors on edge.

Rural, q-comm boom may push FY26 retail hiring...

\"SALARIES OFFERED ARE at least 5-10% higher than industry standards, with companies also asking prospects if they are ready to migrate to other locations to fill up positions,\" Arora said.

Parliamentary panel on railways calls for PPP push

TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.

Cars24 Forays Into New Car Sales With Super App

Cars24 on Monday entered the new car sales space by launching a platform that aggregates automobile dealerships and manufacturers.

Strengthening higher education

NITI Aayog focus on raising quality of state public universities is welcome, but it must not neglect support to self-financed higher education institutions

Infosys: Accelerating delivery excellence

The company is powering mega-deals through partnerships

Irdai chief post: Govt invites applications

THE GOVERNMENT HAS invited applications for the post of chairperson of the Insurance Regulatory and Development Authority of India (Irdai) ahead of the completion of incumbent Debasish Panda's tenure on March 13.

In trade war with US, China deploys food as weapon

CHINESE TARIFFS ON a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world's top two economies.

BluSmart Targets to Turn Profitable in 5-6 Quarters

EV CABAGGREGATOR BluSmart is likely to turn profitable in the next five to six quarters, according to the guidance given by its management recently to a group of investors.

India Adds 25.2 GW Solar Power in 2024

India added 25.2 gigawatts (GW) of solar power capacity in the calendar year 2024, significantly higher than the 8.3 GW installed in 2023, a recent report by Mercom on the solar market showed.

Broken rice exports to W Africa, Indonesia markets set to rise

THE GOVERNMENT'S MOVE to lift the ban on broken rice exports—the last of the restrictions on the shipments of the grain—is likely to aid market expansion in west African countries, including Gambia, Benin and Senegal, and Indonesia in the next fiscal, according to exporters.

Vanuatu PM orders cancellation of Lalit Modi's passport

The Indian High Commission had reached out to authorities in Vanuatu and made them aware about Lalit's antecedents and cases of economic offences pending against him

2W dealers anxious as new norms from Apr 1; no clarity on old stock

The next stage of regulatory compliance for two- and three-wheelers is set to kick-start on April 1, 2025.

Record 115 MT wheat output seen

Taking Stock

Rupee Records Biggest Fall in 2 Weeks

Steep Decline

Top realtors corner LRD loans at cheaper rates

WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.

Poverty of ambition

Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth

Goldman Trims 12-Month Nifty Target to 25,500

GOLDMAN SACHS HAS reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday's level of 22,460.

Air India flight returns to Mumbai following bomb threat

A NEW YORK-BOUND Air India flight, carrying 303 passengers, returned to the city on Monday morning after being airborne for nearly nine hours following a bomb threat, according to officials.

NEP issue stalls Parliament as DMK MPs, Pradhan spar

The ongoing war of words between the ruling BJP and DMK led to disruptions in the Lok Sabha on Monday, with Union education minister Dharmendra Pradhan forced to withdraw certain remarks following protests by Tamil Nadu MPs.

Sun to buy Checkpoint for $355 mn

THE DEAL WILL be made through an upfront cash payment of $4.10 per common share, a premium of about 66% to Checkpoint's last close on Friday, Sun Pharma said in an exchange filing.