CATEGORIES

Zomato gets fresh ₹803-cr tax notice

FOOD DELIVERY MAJOR Zomato on Thursday said it has received a GST demand order of ₹401.7 crore for non-payment of the tax on delivery charges between October 29, 2019, and March 31, 2022.

Rebel Foods raises $210 mn in round led by Temasek

CLOUD KITCHEN OPERATOR

RIL, Rosneft ink mega $13-bn oil supply deal

● Russian oil major to supply 500K barrels of crude a day

Cabinet clears Bills for joint LS, Assembly polls

● To be tabled in Parliament in the ongoing session

Investment rate likely to rise to mid-30s in 5 years: Nageswaran

EXPRESSING OPTIMISM THAT private sector investments will continue to rise, chief economic adviser to the government V Anantha Nageswaran on Thursday said the gross fixed capital formation (GFCF) rate may rise from 30.8% now to mid-30s in the next five years, aiding India to grow at a sustainable rate when the world is going to be extraordinarily difficult.

India needs to boost reforms, says World Bank chief economist

WORLD BANK CHIEF economist Indermit Gill has urged India's policymakers to accelerate structural reforms, as changes needed to transition to a high-income country are not taking place quickly enough.

IIP growth rises to 3-month high of 3.5% in October

• Manufacturing, electricity, consumer durables fare better

Govt seeks Parliament nod for ₹44,143-crore extra spending

THE CENTRE ON Thursday sought Parliament approval for net additional expenditure of ₹44,143 crore for the current fiscal, out of gross additional spending of ₹87,763 crore in the first batch of supplementary demand for grants.

Safeguard duty on steel under consideration, says ministry

● Govt releases standards for green steel; product may get priority in public procurement

HDFC Bank's investment banking gets Sebi warning

MARKETS REGULATOR SECURITIES and Exchange Board of India (Sebi) has issued an administrative warning letter to HDFC Bank alleging non-compliance of some provisions related to its investment banking operations.

EY case puts spotlight on white-collar labour laws

Decades-old laws largely focused on blue-collar workers

Pushpa 2 hits ₹1,000-crore milestone at global BO

ALLU ARJUN'S PUSHPA 2: The film has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.

Why international stars are pulling out of Hockey India League en masse

THE NO-SHOW

US hotels welcome Indian tourists with chai, samosa

Post-Covid Boom

Rupee gains 2p to settle at 84.83

THE RUPEE GAINED 2 paise to close at 84.83 against the US dollar on Wednesday, a tad above its all-time low level, amid rising expectations of a shift in the Reserve Bank's monetary policy stance following the appointment of Sanjay Malhotra as the new governor.

MFs, pension funds must be active in corp bond market: Setty

STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.

Equirus Wealth crosses ₹10K cr in assets under management

WEALTH MANAGEMENT FIRM

Sebi notifies tighter insider trading rules

WIDENING THE NET

Prioritising inclusion in social networking

● Famm Connect acts as a LinkedIn for the LGBTQ+ community

Early detection to prevent TB spread

● AI-led solutions help screening for the disease

Making digital work for women

● UPI's ease of use allows them to expand business

From TikTok to Nvidia, the tech war gets uglier

BYTEDANCE LTD.'S OPTIONS for TikTok in the US are looking increasingly desolate, as the tech war between Washington and Beijing boils over.

Change course

The economy's capacity is constrained, Budget must unveil consumption booster and more

Whither universal health coverage in India?

India's Universal Health Coverage policy should focus on the reduction of inequalities in our core health outcomes

Building LLMs: a strategic necessity

TO ENSURE LONG-TERM RESILIENCE, IT IS IMPORTANT FOR INDIA TO TRAIN ITS OWN LLMs

Trump Vows to Speed Up Permits for Those Investing $1 Billion in US

President-elect Donald Trump said his administration would help expedite permits for any person or company that invested at least $1 billion in the U.S.

Review of Nippon's deal with US Steel ongoing as latter's shares fall

A NATIONAL SECURITY review of Nippon Steel's $15 billion bid for US Steel is ongoing and President Joe Biden will see what it yields before making a decision on whether to block the deal, the White House said on Tuesday, cautioning he still opposes the tie-up.

ONGC eyes Shell, Petronas tie-ups

THE COMPANY IS also looking at Indian companies in a major way to help it monetise its isolated smaller discoveries by developing modular solutions such as Small LNG plants/Mobile LNG or CNG Plants etc.

US inflation rises 2.7%, solidifies bets on Fed cut

US CONSUMER PRICES rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.

ReNew Energy to buy out US-listed shares

AN EMAIL SENT to the company did not elicit any response till the time of going to the press.