CATEGORIES

Punishment on trial

Sukhbir Singh Badal will receive 'punishment' from religious authorities for his acts as chief minister of Punjab. The question is whether a reinvention of Badal and the Akali Dal will follow

To pull or not to pull the plug

TDP-led Andhra Pradesh government has a difficult choice to make vis à vis the power deal at the heart of a raging controversy over US bribery allegations against Gautam Adani, others. SHINE JACOB explains

Sensible trade policy can help fight climate change

The climate change conference (COP29) at Baku (Azerbaijan) ended with agreements on meeting financing requirements of poorer countries for mitigation and adaptation measures to the extent of $3 billion every year.

Bajaj Fin exits co-branded credit card biz

Ends tieup with DBS India, RBL

Govt may double EPF wage cap to ₹30K per month

Plans afoot to bring ceiling under ESIC on a par with EPF

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)—the country's largest lender—has devised a three-pronged strategy to boost deposit accretion.

Cheap Venezuelan oil to India turns costlier as traders eat into margins

India is losing access to its cheapest crude oil grade because of high margins charged by traders offering partially sanctioned Venezuelan oil, reducing the value of the commodity for Indian refiners, industry sources and officials told Business Standard.

UPI transactions down 7% in Nov

LOSING STEAM

Growth in bank credit to NBFCs declines to 6.4%

The growth in bank credit to non-banking financial companies (NBFCs) declined sharply to 6.4 per cent in October compared to 18.3 per cent in the year-ago period, dragging down the growth of overall credit to the services sector, according to the Reserve Bank of India's (RBI's) sectoral deployment of credit data.

Net GST mopup rises 11% in Nov amid drop in refunds

Gross collection grows 8.5% to ₹1.8 trillion

Agencies cut India's FY25 growth forecast

Agencies have sharply reduced their gross domestic product (GDP) growth forecasts for FY25, following the surprise seven-quarter low print of 5.4 per cent in July-September (Q2).

In good position to deleverage from next yr

Tata Steel is expanding capacity at Kalinganagar in Odisha, amid a challenging environment. KOUSHIK CHATTERJEE, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt in Kolkata that the capex spend for next year (FY26) will be lower than the current year, and it will be a good time to deleverage. Edited excerpts:

PE-VC investments in health care slump

After picking up during the Covid-19 pandemic, private equity, venture capitalist (PE-VC) investments in the healthcare sector in India seems to have slowed down in 2024.

Equity boom spurs shareholder activism

Large investors now assert their right to have a say in investee companies, underscore analysts

'We will always be open to talks with Tafe'

The legal dispute between Chennai-based Tractors and Farm Equipment (Tafe) and AGCO, the world's third-largest farm equipment manufacturer, over the Massey Ferguson brand began after AGCO announced the termination of its agreements with Tafe in April this year. In one of the company's first interviews since the \"tractor war\" began, LUIS FELLI, senior vice-president and general manager of Massey Ferguson (Global), speaks to Shine Jacob in a video interview about the issues with Tafe and the road map. Edited excerpts:

Raymond Realty may get listed in Q2FY26: CEO

Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty.

Ola Electric's e2W mkt share shrinks again

TVS and Bajaj Auto are stirring up competition among India's top electric two-wheeler players and are now locked in a neck-and-neck battle with Ola Electric, which saw a sharp decline in its market share last month.

Wedding season, rural traction drive car sales

PV wholesales up 4% in Nov; Toyota sees sharp jump of over 44%

Patience, luck key to finding cos to invest in

Just days after Swiggy's successful initial public offering (IPO), in which Prosus remains the largest shareholder, Chief Investment Officer ERVIN TU and ASHUTOSH SHARMA, head of growth investments for India and Asia at Prosus - one of the world's largest technology investment groups, majority-owned by Naspers - spoke to Surajeet Das Gupta about their strategies for India and beyond. Edited excerpts from a video interview:

India readies plans to tackle 'US first' policy

India is working on various strategies and finance and commerce & industry ministries have already started brainstorming about the potential challenges that US President-elect Donald Trump's protectionist trade policies could pose, said a senior government official.

RBI likely to hold rates for 11th straight time

May cut cash reserve ratio, lower growth and inflation projections

Loser takes all

This book was published in September, three months ahead of the US presidential polls, presumably to reveal to voters the dangers of returning Donald Trump to the White House.

J&K HC asks Army to pay 46 years' rent to landowner

The High Court of Jammu and Kashmir and Ladakh recently held that the right to property now falls within the realm of human rights.

India, UK navies to develop electric propulsion for next-gen warships

The ministries of defence of India and the UK have signed a statement of intent (SoI) to cooperate in designing and developing Electric Propulsion Systems for the Indian Navy.

India backs Iskcon, tells Bangladesh to protect minorities

New Delhi hopes arrested monk will get fair trial

HAVING A BALL

Indian bowlers are winning matches and setting IPL auction records. But brands are not yet bowled over. Will Bumrah get bowlers their due?

Link UPI app to bank account with limited funds, set daily limits

Indians have lost ₹485 crore to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to data from the Ministry of Finance.

Arpu gains, lower capex augur well for Airtel

Brokerages positive on stock; earnings flows may rise over next 24 mths

NIFTY LOGS BACK-TO-BACK MONTHLY LOSS

Benchmark Nifty 50 index shed 0.3 per cent in November, logging its first back-to-back monthly loss since February 2023.

Lock-up on ₹1.2 trn pre-IPO shares to lift in two months

Lock-up on shares worth nearly ₹1.2 trillion ($14 billion) belonging to 50 companies will end between now and January 31, said Nuvama Institutional Equities in a note.