CATEGORIES

FIITJEE delays salaries citing cash flow issues

Competition from edtechs, high fixed costs led to 68.5 cr loss in FY23

Prime Volleyball to look for investors as value tops $90mn

Prime Volleyball League, India's first private P sporting league, will soon start looking at getting a strategic investor, as its valuation has more than quadrupled since its inception to over $90 million, said a top executive.

EV firms stare at disruption amid FAME-III uncertainty

Automakers are lining up affordable vehicles, slashing prices to lure buyers as sales stagnate

LIC share sales in Q3 at record as market soars

Amount from share sales at 39,163 crore, 31% higher than a year earlier

Rally in Smids counters hits a speed bump on profit booking

The investor euphoria surrounding certain small and midcap (Smid) counters seems to have abated with the stocks having fallen by 20-30% or even more from their prior highs.

ZEE plans cost cuts, synergies in journey after failed merger

Media and entertainment company Zee Entertainment Enterprises Ltd (ZEE) is charting a three-pronged approach to costs, reducing overlaps between businesses, and enhancing quality to regain margins after its merger with Sony Pictures Entertainment collapsed, MD and CEO Punit Goenka said in an earnings call on Tuesday.

Moody's upgrades 4 Adani cos

US-headquartered ratings firm Moody's upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments, and a capital infusion by the group over the past year.

Hindalco net up 71%, but below estimate

Hindalco Industries, the flagship company of the Aditya Birla group, on Tuesday reported a 71% year-on-year jump in its consolidated net profit to ₹2,331 crore for the quarter ended December driven by a robust performance of its aluminium and copper businesses. The profit failed to beat the estimate of Bloomberg analysts.

Brigade Enterprises ups the ante in office, hospitality segments

The south India-focused real estate developer, Brigade Enterprises Ltd, is betting big on its office leasing and hospitality segments.

Renewables biz may recharge Tata Power

Tata Power Co. Ltd's stock fell 8% on Monday after the company reported dull earnings for the December quarter (Q3FY24). Still, the power producer's outlook is upbeat owing to a likely increase in renewables business.

Good Glamm steps up cost cutting measures

Implements efficiency measures, eyes profitability before going public

India, UAE sign deal on investments

India and the UAE concluded a bilateral investment agreement and also signed a framework agreement on the India-Middle East Economic Corridor (IMEC) during Prime Minister Narendra Modi's two-day visit to the Gulf nation.

Centre to SC: Ready for talks with Kerala

The Union government informed the Supreme is prepared to engage with the Kerala government on the limits the Centre imposed on the state's borrowing powers.

Trading codes may push exports of unique non-basmati rice varieties

Government officials are working to assign internationally recogidentifiers-needed for all exports for some uncommon and unique Indian rice varieties so that they do not inadvertently fall into the dragnet of a sweeping export ban.

Scientists to vet weather data, help farmers cut losses

National Test House scientists will also evaluate crop loss data for compensation to be paid

ED begins inquiry into Paytm bank

India's premier economic intelligence agency, the Directorate of Enforcement (ED), has been roped in to check for suspected breaches at Paytm Payments Bank on a reference from the Reserve Bank of India (RBI), two officials aware of the development said.

Malaysia's Gentari bags Fortum India solar projects

Gentari Sdn Bhd, a unit of Malaysia's state-run oil and gas company Petronas, has emerged as the winning bidder for the Indian solar projects of Finland's Fortum Oyj, totalling 185MW, two people aware of the development said.

Tesla seeks Indian partner for rooftop solar panel venture

Electric carmaker Tesla Inc. is scouting for local partners to make its rooftop solar panels in India, a person aware of the matter said.

Go Digit IPO gets Irdai go-ahead

The insurance regulator has approved Go Digit's plan for a public share sale, two people aware of the development said, after faulting the digital insurer last year over a non-disclosure.

New avatar likely for compensation cess

The goods and services tax (GST) compensation cess expiring in March 2026 or before may be replaced with a new levy, if the GST Council feels more revenue is needed, two officials aware of discussions between the Centre and states said.

Farmers clash with cops in Delhi march

Push for MSP meets barricades, tear gas and rubber bullets

India is vying with Vietnam to attract global manufacturers

New Dethi should reconsider tariffs in support of Make in India’

Amnesia over America's banking crisis of 2023 may prove perilous

Itis not good for capitalism when bankers and others who knowingly take risks pay no price when such a risk materializes

The white paper we got wasn't the one needed urgently

There's a glaring disconnect between India's self-congratulatory narrative on the economy and official growth estimates. India's economic growth is the fastest.

A receding El Niño could help ease food inflation

The likelihood of El Niño easing by monsoon time has risen. With luck, rainfall will relieve inflationary pressures and help our central bank achieve the price stability it's aiming for

Can I revise my claim to get DTAA benefit?

I have filed the tax return for assessment year (AY) 2023-24 before the due date. Recently, I came to know that I could have claimed refund for the capital gain tax on mutual funds as per the DTAA (double taxation avoidance agreement) with UAE.

Bitcoin's bounce doesn't settle the biggest worries about crypto

Digital currencies are back, at least if you ask the crypto faithful. The US Securities and Exchange Commission has at last approved Bitcoin fundswith a hard nudge from the courts.

Should investors lap up or ignore SBI Energy Opportunities Fund?

India’s largest fund house, SBI Mutual Fund, has launched a thematic fund to bet on the country’s energy segment

WILL TATA'S CURVV BALL STRIKE OUT HYUNDAI?

Tata Motors needs an extra something to end the Korean company’s 15-year run as the No. 2 in India’s PV market.

PM Modi's Qatar visit to focus on bilateral ties, regional issues

The visit’s announcement coincides with Qatar’s release of eight Indian navy veterans