CATEGORIES

Can't rest on laurels, India poised for growth: FinMin

India’s painstakingly built economic stability, which placed it on a quicker recovery path than many other nations, should not be diluted as the economy is poised to sustain its growth in a more durable way in the future, a finance ministry report said.

Adani Green board approves plan to raise ₹12,300 crore

The board of Adani Green Energy Ltd (AGEL), on Thursday, said the renewables energy firm is planning to raise up to ₹12,300 crore.

GST Council to weigh tax cuts on select items

The goods and services tax (GST) Council meeting next week will discuss tax relief on certain medicines, farm products, arthroplasty implants, and services such as satellite launches by private organizations, a person with direct knowledge of the matter said.

'Coal export strategy in works; local lithium hunt gains pace'

The Centre will devise a strategy to tap export markets for Indian coal as domestic production sets new records, Union minister of parliamentary affairs, coal and mines Pralhad Joshi said.

End of tax benefits worries French FPIs

They fear tax treaty tweaks to end capital gains exemptions

Can A Single Woman Working As A Freelancer Secure A Home Loan?

It is very much possible to secure a home loan with proper planning and consideration.

Music With AI Elements Eligible For Grammys

As the music industry comes to terms with Al, so too will the Grammys

It will take nuclear energy for global shipping to hit net zero

It has its risks but uranium is the green fuel that ships must adopt

Anti-corruption drives that turn cronyist can worsen the scourge

The relative elasticities of corruption among groups in favour and out of it could end up sending aggregate pelf even higher

Relieve GST of its warps to regain its reform cred

The great tax simplifier has not met its promise so far. GST has spurred formalization and scored its 'one market' goal, but it awaits a major reset to prove itself historic as a reform

Israel ends raid on West Bank

The large-scale military operation over the previous two days has left 12 Palestinians and an Israeli soldier dead

Jio's content push may stir an OTT turf war

JioCinema, the video streaming platform owned by Mukesh Ambani’s Reliance Industries Ltd, is set to disrupt the Indian OTT market with its free local language programming, which sets it apart from rivals such as SonyLIV or ZEE5, who have similar content behind a paywall.

Tata Steel: India steel demand to stay robust this fiscal yr

Demand for steel in India is expected to remain robust this financial year with consumption growing in double digits on the back of infrastructure development, rapid urbanization and supportive policy reforms, Tata Steel chairman Natarajan Chandrasekaran said at the company’s annual meeting of shareholders on Wednesday.

Amazon seller exports from India to cross $8 bn this year

The firm had earlier revised its target of cumulative exports from $10 bn to $20 bn by 2025

Rising demand drives hotel expansion plans

India’s largest hotel chains are rapidly expanding their portfolios amid record-high room rates.

After Harley, Bajaj-Triumph trains guns on Royal Enfield

Bajaj Auto and British luxury motorcycle brand Triumph on Wednesday launched their maiden offerings with two 400cc modern classics, strategically designed to woo the Indian youth.

Peak season past, spot airfares soften

Spot airfares witnessed a significant fall compared to levels seen in the June quarter. Heavy-traffic routes, in particular, have witnessed an average decline of 50%, as demand waned following the peak summer season, according to data accessed by Mint.

Maruti rolls out its costliest product Invicto at ₹24.79L

Maruti Suzuki, India’s leading automaker, is diversifying its premium lineup with the launch of the Invicto, a seven-seater hybrid multi-purpose vehicle based on the Toyota Innova HyCross. Priced at ₹24.79 lakh ex-showroom, it is Maruti Suzuki’s most expensive offering in the market to date.

RBI panel sets global road map for rupee

A Reserve Bank of India (RBI) appointed committee on Wednesday has recommended a roadmap to achieve internationalisation of rupee including efforts for inclusion in the International Monetary Fund’s Special Drawing Rights (SDR) basket.

Investment banking fees defy weak M&As

Investment banking fees in India rose 17% from a year earlier in the first half of calendar 2023 even as the number of mergers and acquisitions deals fell during the period.

Multiples PE leads ₹1,200 cr funding in Veritas Finance

The deal comprised a primary issue of 400 crore and gave a partial exit to early investors

Wind turbines may see new quality rules

India is looking to tighten wind turbines standards and the ministry of new and renewable energy is likely to announce a quality control order (QCO) soon, people in the know said. The standards will be aimed at meeting the requirements for various equipment used in wind turbines, ranging from gears to blades.

Increase in number of live organ transplants raises alarm

The union health ministry has directed all states and union territories to furnish the latest and timely records of transplants of organs from living persons after data reported by their licensing authorities set alarm bells ringing.

June services PMI hits 3-mth low, still in expansion zone

India's services sector contracted to a three-month low in June but remained buoyant amid strong demand, a private survey said on Wednesday.

Byju's shareholders clamour for clarity on funds at EGM

Anxious shareholders grilled the founders and the management of edtech giant Byju’s at an emergency meeting on Tuesday, seeking explanations about funds utilization, with some even demanding that founder Byju Raveendran step aside to make room for an interim chief executive officer (CEO).

Crypto's Dream Of Embrace By China Gets A Cruel Reality Check

A nation may be about to loosen a ban on digital-asset trading. Industry executives including Circle Internet Financial Ltd chief executive Jeremy Allaire have seized on Beijing's quiet backing of Hong Kong's push to become a crypto hub to argue that the mainland may reverse its policy.

How SEBI's Norms For Enhanced Disclosures Promote Better Governance

Making timely and adequate disclosure to stakeholders is one of the basic tenets of good corporate governance. When disclosures are delayed or inadequate, information asymmetry and there are chances of market abuse.

England should stop whining about the 'spirit of cricket'

The needless controversy in the second Ashes Test is the result of England's selective use of the moral high ground

Neeraj Chopra's non-stop quest for perfection

Olympics hero Chopra may have made winning a habit, but the world No. 1 is quietly determined to get even better at javelin

Nike needs to bounce back as its big sneaker bubble bursts

Nike's pandemic sales got deflated to reveal a loss of brand agility