CATEGORIES

India counters Canada's claims

Rejects accusations by Ottawa that New Delhi is violating international rules as dispute over diplomats escalates

JSW Steel posts ₹2,773 cr profit, cites infra thrust

Sajjan Jindal-led JSW Steel Ltd on Friday reported a ₹2,773 crore net profit for the September quarter against a net loss in the same quarter last fiscal. The Mumbai-based steel manufacturer reported a 6.71% year-on-year increase in its consolidated revenue from operations to ₹44,584 crore.

File returns by due date: MCA to firms

The ministry of corporate affairs has asked businesses to file their annual returns and financial statements for FY23 by the due date in order to avoid having to pay additional penalty.

Highway construction may fall way below FY24 target

Highway construction may touch 10,000 km this current financial year, much lower than the targeted 13,800 km and mirroring levels reached in the past two years that were marked by a slowdown.

China puts curbs on graphite exports

China strengthened export controls on graphite, a key material in electric vehicle batteries, in a move that would \"safeguard national security and interests.\"

'Russia weighs India's plan to lift buffalo meat, agri export'

Russia is considering a formal Indian request to expand the list of Indian suppliers for buffalo meat, seafood and other livestock products amid ongoing talks to open mutual access for agricultural products, Russian trade commissioner Alexander Rybas said.

Looking at steps to bring down public debt: Sitharaman

The finance ministry is looking at ways to bring down government debt and is monitoring the debt reduction measures taken by emerging market economies, finance minister Nirmala Sitharaman said on Friday.

Tata Comm aims $1bn US business in 3 years

Acquisition of Switch and Kaleyra, hyperscalers to help drive growth

Mamaearth eyes ₹2K cr pre-Diwali listing

Honasa Consumer Pvt. Ltd, which operates direct-to-consumer brands Mamaearth and Derma Co., is targeting an initial public offering (IPO)before Diwali this year that could value the company as much as ₹10,000 crore-₹12,000 crore ($1.2 billion-$1.4 billion).

Adani gets $3.5 bn loan to refinance cement buyouts

The Adani group on Friday said it has clinched a $3.5 billion debt refinance deal from a consortium including at least 10 foreign lenders to repay the debts that were taken last year by the group's promoters to fund the $6.6 billion acquisition of Ambuja Cements Ltd and ACC Ltd.

MPC alert to supply shocks on inflation

'Recurrent price shocks must not lead to generalized price rise'

US interventionism is casting a shadow on its economic primacy

America's pre-eminence is partly due to its level playing field but that is now at risk of getting distorted by its ad hoc policies

'Citius, Altius, Fortius': Save it for the economy

Research indicates that the cost of hosting the 2036 Olympics could outweigh its tangible benefits. It's best if we achieve 'faster, higher, stronger' economic output before making a bid

How financial planning helps you deal with bereavement

Proceeds from insurance claims after the death of a loved one should be invested wisely

China nuke arsenal has more than 500 warheads: Pentagon

The move comes days before the central bank is set to announce any adjustments to the rate on one-year policy loans

Sunak follows Biden to Israel to show support

Egypt takes steps to let in aid as Israeli airstrikes continue to pound Gaza

High-frequency indicators show broad-based rise in economic momentum: RBI

Monetary policy actions and the continued disinflationary stance are yielding results, RBI article says

'India a vital cloud market for Google besides the US'

Google Cloud India MD says strategic focus on country driven by big scope for growth

Northern Arc picks ICICI Securities to manage ₹2K cr IPO

Northern Arc had filed its draft IPO papers with Sebi in July 2021 but shelved its plans citing market conditions

Microsoft India revenue rises 39% in FY23 on services boost

Microsoft Corp. India Pvt. Ltd, the company responsible for sales and marketing of Microsoft products in the country, saw its operating revenue rise 39% to ₹19,229 crore in the year ended 31 March from the previous year, according to its regulatory filing with the ministry of corporate affairs’ registrar of companies on Thursday.

Competition, new rules crimp resolution professionals' fees

Fees have fallen to as low as ₹10-15 lakh per case from as high as ₹2 crore six years ago

Govt directive on aviation leasing likely

The government may issue a follow-up directive clarifying whether Go First lessors can reclaim their planes and engines following the recent changes in the Insolvency and Bankruptcy Code (IBC) by the ministry of corporate affairs, the government’s counsel told the Delhi High Court on Thursday.

GCCs wooing IT talent with higher pay: Wipro

High attrition, counteroffers to keep talent reflecting in IT cos' wage costs

UltraTech Q2 net up 69% at ₹1,280 crore

UltraTech Cement, the flagship company of the Aditya Birla Group, reported a ₹1,280.38 crore profit during the second quarter of the current fiscal, an increase of 69% over the same period last year.

Coforge, Cyient outliers amid weak quarter for tech services

Mid-cap information technology (IT) service providers, Cofo-rge and Cyient Group, proved outliers in their September quarter earnings filed at the BSE on Thursday.

Israel conflict will not impact exports, says Jindal Stainless

The company exports about 20% of its total produce to Europe and America

Demand woes haunt HUL in Q2

One factor that stands out in Hindustan Unilever Ltd’s (HUL) September quarter results (Q2FY24) is the eye-popping gross margin expansion. Gross margin rose as much as 692 basis points (bps) year-on-year to 52.7%. Sure, gross margin was expected to rise amid easing inflationary pressures, but the quantum is higher than foreseen.

Gopal Snacks taps 360 One, others for pre-IPO funds

The proceeds will be used to 'meet obligations' related to a loan taken by the founders last year

Softbank to cut stake in Zomato, plans full exit

Offer price at ₹109.4-111.65 per share; Zomato's price rose 80% in 1 year

India's contribution to global growth to touch 18% in five years: IMF

India’s contribution to global economic growth is expected to increase 200 basis points (bps) to 18% over the next five years as the country grows at a quicker pace, a senior official at the International Monetary Fund (IMF) said on Thursday.