CATEGORIES

Former Twitter execs sue Musk

FOUR EX-TWITTER EXECUTIVES, including former chief executive officer Parag Agrawal, sued Elon Musk for allegedly stiffing them on more than $128 million in severance payments after they were ousted from the company.

BigBasket set to deliver profit in 6-8 months

Firm targets IPO in 2025

RBI cracks the whip on IM Financial

THE RESERVE BANK of India (RBI) on Tuesday directed JM Financial Products, a nonbanking financial company (NBFC), from extending loans against shares and debentures, including those against initial public offering (IPO), in a 'cease and desist' order.

Google blinks, relists apps

Move temporary, says tech giant

Bloomberg EM index to add Indian G-secs

BLOOMBERG INDEX SERVICES on Tuesday announced a plan to include Indian government securities (G-secs) in its emerging market (EM) local currency index in a phased manner starting January 31 next year, a move that raises the prospect of additional forex inflows to the tune of $5-7 billion.

Shehbaz Sharif takes oath as 24th PM of Pak

SHEHBAZ SHARIF ON Monday took the oath as Prime Minister of Pakistan, assuming the cash-strapped country's reins for a second time, nearly a month after an inconclusive election marred by allegations of vote rigging.

The story of Dharamsala cricket stadium's journey from rocky field

THERE'S THIS OLD hill lore about the scenic Dharamsala stadium. The narrator is the IPL chairman and Himachal Pradesh's seasoned cricket administrator Arun Dhumal.

No immunity for MPs, MLAS taking bribe for vote, speech

MEMBERS OF PARLIAMENT and state legislatures who take bribes to vote or speak in a certain manner in the House are not immune from prosecution, the Supreme Court said in a landmark order on Monday, overruling its 1998 judgment (JMM bribery case) which granted immunity to such lawmakers.

Domestic AIFs see opportunity in land financing

WITH BANKS AND non-banking finance companies (NBFCs) being barred from lending for buying land and related purposes, home-grown alternative investment funds (AIFs) are making the most of the situation.

Gujarat Gas eyes double-digit volume growth

Expansion in new areas, recovery in I-PNG segment key drivers

Outlook positive for HDFC Bank

Reduced loan growth can protect the bank’s profitability

Tesla's shipments in China plunge to lowest in over a yr

TESLA SHIPMENTS FROM its factory in Shanghai slumped to the lowest in more than a year amid a Lunar New Year holiday sales lull and renewed price competition in the world's biggest electric vehicle market.

Spotify case: Apple fined $2 bn by EU

APPLE WAS HIT with a 1.84-billion-euro ($2 billion) EU antitrust fine on Monday, its first-ever and comprising mostly a deterrent, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store.

Advent, Multiples to invest 1,930 crore in Svatantra

Largest PE investment in MFI sector in India

Banks go green, cut exposure to non-renewable entities

Lenders not keen on funding thermal plants due to higher carbon emissions

IT firms roll out responsible AI solutions

INDIAN IT FIRMS are launching responsible AI solutions to help enterprises balance innovation with ethical considerations to maximise their return on investments.

Macrotech looks to raise €3,300 cr via QIP

MACROTECH DEVELOPERS WHICH operates under Lodha brand, is looking to raise 3,300 crore ($398 million) through a qualified institutional placement (QIP) of shares, sources said.

50% car buyers want to opt out of ICE

ALMOST 50% OF Indian consumers intend to move away from internal combustion engine (ICE), and 24% are inclined towards hybrid electric vehicles (HEVs) as their next vehicle, a new study has found.

Govt assures developers of level playing field

THE GOVERNMENT ON Monday held multiple meetings with Google and startups whose apps have been delisted from the tech major's Play Store.

Adani Group Ebitda in FY24 may top $9.5 bn

ADANI GROUP'S EBITDA for this financial year is expected to cross $9.5 billion, its highest ever, driven mainly by the infrastructure segment including cement, green energy, power and airports.

Gujarat has opened doors for emerging sectors, says CM Patel

BECAUSE OF ITS available human resources, better law & order, business-friendly policy and stable government, Gujarat has become anukul (favourable) state for trade and business and more than $55 billion foreign direct investment has come to the state in the last 20 years, said Gujarat chief minister Bhupendra Patel on Monday.

Not worried about oil price rise, says Puri

INDIA'S DEPENDENCE ON imports of crude oil will continue for a while and will go hand-in-hand with growth in the economy, even as the country's own production grows, Union Minister for oil and natural gas Hardeep Singh Puri said.

MSE rider for tax relief may be put on hold

THE GOVERNMENT WILL likely put in abeyance implementation of a new law that seeks to ensure timebound payments to micro and small enterprises (MSEs) by linking it to tax reliefs.

Output growth of MSMEs saw sharp rise post Covid: RBI

THE PRODUCTIVITY GROWTH for the micro, small, and medium enterprises (MSMEs), in particular, recovered sharply post the pandemic in the backdrop of several policy initiatives taken by the government and the Reserve Bank of India (RBI), a paper authored by the central bank staff said on Monday.

Maruti to double down on Jimny's off-road prowess

THE TAGLINE OF a popular television commercial of Maruti Suzuki's Jimny says, \"There are places in the world only the Jimny can go.\"

AI order for social media firms only

THE GOVERNMENT'S ADVISORY to intermediaries for seeking its permission before launching AI models will only be applicable to social media platforms, communications and IT minister Ashwini Vaishnaw said on Monday.

Electoral bonds info: SBI asks SC for time till June 30

CALLING IT A \"time-consuming exercise\", State Bank of India (SBI) has approached the Supreme Court seeking extension till June 30 to submit details of purchase of electoral bonds to the Election Commission of India (ECI).

Moody's raises India's GDP forecast sharply

INDIA'S GROSS DOMESTIC product (GDP) is expected to grow 6.8% in 2024, up from 6.1% projected earlier, in the backdrop of pick up in private investments, Moody's Investor Service said in a report. In 2023, the GDP expanded 7.7%.

Tata Motors to split CV, PV units into 2 listed entities

TATA MOTORS, THE country's biggest automaker, on Monday announced plans to demerge its businesses into two separate listed entities - commercial vehicle (CV) and passenger vehicle (PV) businesses.

RBI bans fresh gold loans by IIFL Finance

THE RESERVE BANK of India (RBI) on Monday barred IIFL Finance from sanctioning and disbursing any fresh gold loans with immediate effect.