CATEGORIES

EU aims to propose new sanctions on Iran

THE EUROPEAN UNION aims to propose fresh sanctions on Iran over its strike on Israel as early as next week when the bloc's top diplomats meet to discuss the limited options they have for constraining both activities.

Pvt investment in highways likely to recover this fiscal

THE SHARE OF privately funded highways in the overall award of projects this fiscal could touch the government's target of 10%, and the pace of construction will pick up further to reach 12,500-13,000 km, according to a research report by rating agency Icra.

No plan to monetise govt stake in Vi: Dipam secy

THE GOVERNMENT HAS no plans to monetise its stake in Vodafone Idea, Tuhin Kanta Pandey, secretary, department of investment and Public Asset Management (Dipam), told FE, ahead of the telecom operator's mega follow-on public offer (FPO).

Revamped housing schemes in Modi 3.0

Enhanced financial assistance for rural and urban beneficiaries

New X users may have to pay to like & post

IN A BID to restrict the onrush of bots and fake accounts, new users on social media platform X (formerly known as Twitter) may now be required to pay a small annual fee to be able to like, post, bookmark, and reply.

IMF ups India growth forecast citing strong domestic demand

FY24 growth now seen at 7.8%, FY25 rate at 6.8%

Rupee plunges to all-time low

West Asia tensions, US Treasury yields weigh

Reliance tries to sell US oil as more flows in from Russia

RELIANCE INDUSTRIES OFFERED US oil to other buyers in Asia last week, an unusual move for refiners who rarely seek to resell crude within weeks of buying it.

Zee withdraws Sony merger plea from NCLT

ZEE ENTERTAINMENT ON Tuesday said it will withdraw its merger implementation application from the National Company Law Tribunal (NCLT) in Mumbai, bringing to an end the legal challenge it had launched against Sony on January 24, following the collapse of their $10-billion proposed merger that month.

Beset by hacks, Microsoft copes with cybersecurity

THE WORLD'S LARGEST seller of cybersecurity products has a problem with its own cybersecurity. In recent years, Microsoft has been hit with a series of embarrassing hacks that have exposed corporate and government customers.

Pandya's ticket to US, Caribbean hangs on how he bowls this IPL

HARDIK PANDYA'S COMEBACK to the Indian team for the T20 World Cup might well depend on how well and how often he bowls in the remainder of the IPL. In a meeting between India head coach Rahul Dravid, chairman of the selection committee Ajit Agarkar and captain Rohit Sharma at the BCCI headquarters in Mumbai last week, it's understood that a decision was taken that Hardik has to bowl regularly if he wants to make a comeback.

BJP looks at Tirunelveli to expand footprint in TN

WITH ITS MIX of prominent castes such as OBC Nadars and Thevars (including Maravars), a substantial presence of SCS/STS, and its large Muslim population, the Tirunelveli Lok Sabha constituency is a testing ground for the cross-caste consolidation the BJP is building to expand its footprint in Tamil Nadu.

Kejriwal to stay in jail; SC seeks ED reply by Apr 24

Judicial custody until April 23; SC to hear plea in week starting April 29

Steel firms fall short of PLI target due to China delays

STEELMAKERS FELL SHORT of an investment target for the fiscal year to March 2024 due to a delay in importing machinery from China and securing visas for Chinese experts, according to a government document reviewed by Reuters and sources.

At TCS, weak discretionary H demand a worry: Analysts

DESPITE POSTING A good set of numbers during the January-March quarter, analysts maintain that weak discretionary demand will remain a pain point for TCS.

Ambuja to buy grinding unit in TN

AMBUJA CEMENTS, AN Adani Group company, has signed an agreement to acquire My Home Group's 1.5 million tonne per annum (MTPA) cement grinding unit in Tuticorin, Tamil Nadu, for ₹413.75 crore.

PNB Housing to focus on affordable housing

This will enrich the product portfolio and reduce impact on NIM

TCS: Limited near-term growth visibility

Aims for 6.3% to 7.3% y-0-y revenue growth during FY25-26

Pilibhit battle without BJP's Gandhis

LOCATED NEAR THE foothills of the Shivalik range, Pilibhit is a constituency where tractors dominate the roads more than any other vehicle and wheat, rice and sugarcane are grown in turns.

PM: Critics of electoral bonds, beware!

THE SCRAPPING OF the electoral bonds in a landmark decision by the Supreme Court in February is a decision \"everyone will regret when there is honest reflection\" and has \"completely pushed the country towards black money\", Prime Minister Narendra Modi told news agency ANI Monday.

Banks push to grow deposits faster in bid to lower CD ratio

AFTER THE RESERVE Bank of India (RBI) raised concerns about the high credit-deposit (CD) ratio, banks have started taking steps to bring it down by growing deposits faster in the fourth quarter.

Zomato stock beats peers with 2.6x run; analysts still upbeat

ZOMATO HAS OUTPACED gains in all the world's major delivery stocks over the past year, sending analysts scrambling to boost their outlooks for the Indian company as its profitability improves.

West Asia tensions push key indices to two-week low

FIIs continue to withdraw, sell shares worth 3,268 crore

Above-normal monsoon forecast boosts FMCG firms' rural hopes

THE PREDICTION OF good rains this year could spur rural recovery, fast-moving consumer goods (FMCG) companies said on Monday after the India Meteorological Department (IMD) forecast an above-normal monsoon this year.

Tesla scouting for showroom space in Delhi, Mumbai

US ELECTRIC CARMAKER Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said.

Ola becomes first EV maker to beat legacy petrol player

OLA ELECTRIC HAS become the first EV startup to clock more sales in a month than a legacy petrol twowheeler player, highlighting the rising trend of EV adoption.

Apple faces worst iPhone slump since pandemic

APPLE'S IPHONE SHIPMENTS slid a worse-than-projected nearly 10% in the quarter ended in March, reflecting flagging sales in China despite a broader smartphone industry rebound.

Tesla to fire over 10% staff amid slow demand

TESLA IS SLASHING headcount by more than 10%, part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowing demand for electric vehicles.

Europe, US ramp up calls for restraint after attack

EUROPEAN AND US officials increased their calls for Israel to restrain its response to Iran's drone and missile attack, in a bid to allay a wider military conflict.

Crude at $100 likely to push CPI by 60 bps, delay rate cut

THE PROBABILITY OF Brent crude price touching $100 a barrel in the backdrop of escalation of tensions in West Asia and remaining at that level in the near term could seriously alter key macro indicators.