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Nod for eCourts 3rd phase, 7.5 mn free gas connections

Cabinet also clears Cyprus-based investor's 9,589 crore deal for 76.1% in Suven Pharma

Go First lenders jittery on interim finance

Lenders to Go First have turned wary of extending more loans to help the grounded airline return to skies, two people aware of the matter said, given the protracted legal battle between the company’s lessors and the resolution professional. The banks had agreed to grant an interim financing of ₹600-700 crore to help the low-cost airline take off with a lean fleet and stay afloat.

GE Health plans mfg hub in India

Medical technology giant GE HealthCare plans to scale up manufacturing in India and has chosen the country as part of its strategy to diversify beyond China, a top executive said.

Offshore properties may face scrutiny

Real estate assets hidden abroad may come under scrutiny after a global framework of real-time data sharing by national authorities takes effect, marking the next frontier in governments’ efforts to combat tax evasion and money laundering.

Apple Unveils iPhone 15 With 48-Megapixel Camera

Apple Inc. on Tuesday unveiled a new iPhone 15 with a brighter display and a 48-megapixel camera as well as 100% recycled cobalt in its battery, amid a global smartphone slump and problems with sales in China.

US Open: How Djokovic Is Rewriting Tennis History

After winning three majors, reaching the finals of Wimbledon and reclaiming the World No.1 spot, Djokovic is the master of his universe

Ryder Cup preview: Why golf's gentle game’ days are over

Not all Ryder Cups are gracious affairs. The upcoming edition of the bi-annual event in Rome is certain to be a slugfest

May the twain meet: Look East as much as West for Indian exports

India’s West-oriented export thrust is welcome but it would be pragmatic not to lose focus on the booming Asia Pacific region

Our EV subsidy policy is due for a full overhaul

Carbon compression is a valid goal for state intervention, sure, but a close look at the recent instability in India's market for electric vehicles should nudge us to rethink our approach

THE PRESSING NEED FOR STANDARDIZATION IN SECURITIES MARKET DISCLOSURES

The laws do not bestow on shareholders of a company an inherent right to participate in its management; it is the board with which governance and oversight of management is entrusted.

FIRE: How Indians achieve financial independence

Four people relate their experiences about financial independence and retirement plans

Checkpoints, university purges mark anniversary of Iran protests

Snap checkpoints. InterS net disruptions. University purges. Iran’s theocracy is trying hard to both ignore the upcoming anniversary of nationwide protests over the country’s mandatory headscarflaw and tamp down on any possibility of more unrest.

Google didn't play by the rules, says US as anti-trust trial begins

The US argued on Tuesday that Google did not play by the rules in its efforts to keep its dominance in online search, as a trial seen as a battle for the soul of the internet got underway before a federal judge in Washington.

Libya floods toll tops 2,300, with thousands still missing

Floodwaters broke through dams and smashed through the city of Derna, washing away entire neighbourhoods

RBI rule change leaves many AIFs in the lurch

Changes to Form INVI have halted many new, follow-up investments

Building narrow Al models for specific uses: HCLTech

HCL Technologies is seeing a steady rise in enterprise demand for generative AI (artificial intelligence), as well as cloud deployment and expansion of 5G.

Single-screen cinemas look at long-term survival amid windfall of hits

Single-screen theatres in India are heaving a sigh of relief with a recent stream of mass market movies keeping the tills ringing. But they are still looking to expand into multiplexes well aware that such strokes of luck don’t last.

SpiceJet clears 100 crore dues to ex-promoter Kalanithi Maran

SpiceJet Ltd on Tuesday said it paid ₹100 crore to Sun Group chairman and former promoter of the airline Kalanithi Maran, according to the direction of the Delhi high court on the arbitral award.

Kapoor to pay 50 lakh in 6 weeks: SAT

In an interim order on Tuesday, the Securities Appellate Tribunal (SAT) has directed Rana Kapoor, former Yes Bank managing director, to deposit ₹50 lakh within six weeks in a case involving alleged mis-selling of additional tier-1 (AT-1) bonds.

Vedanta should buy parent's African copper biz: Agarwal

Anil Agarwal, the mining tycoon, has suggested that his publicly traded company Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world’s largest copper mines from the Zambian government.

Banks look for CXOS on contract to slash costs

Leading Indian banks are increasingly hiring contract staff, including C-suite executives and have reached out to headhunting firms in their efforts to lower employee cost, said three people in the know.

Small borrowers stay clear of sanctioned loans as rates rise

Small borrowers or those with loans of up to *2 lakh have started to utilize less S of their sanctioned credit limits after December as interest rates rose, indicating a reluctance to take on additional debt.

Mid-, small-cap cos drop in flat market

A sharp selloff in the midcap and small-cap space caught investors off guard on Tuesday.

Bleak view for market after scaling Peak 20K

The findings on inflation are discouraging, too. According to the survey report, inflation expectations have jumped to the highest since May 2022.

Vertex Ventures marks final close of fifth fund at 541 mn

Corpus of fifth fund is 80% more than its previous fund raised in 2019 with 305 million

WTO flags rising trade barriers, says time to re-globalize

The World Trade Organization (WTO) on Tuesday flagged growing fragmentation in international trade with an overninefold increase in the number of trade concerns raised in just the last six years.

Removal of additional duty on US walnut, apples opens a rift

The removal of additional duties on imports of American apples, walnuts and almonds will have no effect on growers in Jammu and Kashmir, the Centre said on Tuesday, a day after former chief minister Mehbooba Mufti expressed concern.

Cabinet to consider sops to gasify coal

The union cabinet will soon consider the ₹6,000-crore incentive scheme for coal gasification projects. The cabinet note has been finalized and moved for approval, said two people in the know of the development.

‘Biofuels alliance could help 700K farmers, clean the air’

The recently launched Global Biofuels Alliance will work on the definition and specification of biofuels, and also increase international cooperation through a virtual marketplace, said Union petroleum & natural gas minister Hardeep Singh Puri.

Mining, electricity drive IIP growth to five-month high

India’s factory output rose to a five-month high of 5.7% in July, up from 3.7% in June, driven by strong growth in mining and power, official data released on Tuesday showed.