CATEGORIES

FPIs stay glued to Indian equities, infuse over ₹16-k cr in June so far

Foreign portfolio investors (FPIs) continued to invest in Indian equities for a fourth straight month as they injected ₹16,405 crore in June so far on the country's strong economic rebound and positive growth outlook

Climate change begins to take on Darjeeling's tea gardens, workers

Behind the serenity of Darjeeling's famed tea gardens with gentle slopes stretching green and pine trees seemingly touching the skies, a crisis unfolds quietly, almost unseen-climate change that is affecting production, the flavour of the tea and the health of hundreds of workers

Slow progress of monsoon may hit key crops' yields

The slow progress of the monsoon and the spectre of scanty rains may combine to shrink the production of paddy, corn, and soya bean, even as the clock is ticking for farmers to finish kharif sowing. Lower production tends to drive up prices and limit farm sector growth

India brews its own carbon levy to hit back at EU imports

India is preparing the groundwork for its own carbon border tax to strike back against a similar move by the European Union (EU), two people aware of the discussions in the government said

Go First may face forensic scrutiny

Forensic audit to be triggered if transactions raise concerns

Biparjoy weakens to depression after wreaking damage

Analysis by the Council on Energy, Environment and Water (CEEW), one of Asia’s leading not-for-profit policy research institutions, reveals that cyclone intensity and the number of occurrences has increased manifold.

Titagarh Rail JV plans ₹1,200-cr wheel plant

Company hopes factory will make India net exporter of train wheels

'Pvt bank write-offs from covid double those of PSBs'

Private sector banks have seen slippages and loan write-offs at 44%, as against 23% in the case of PSBs

CNG truck sales see drastic fall as buyers favour diesel

Level of CNG penetration in intermediate trucks is down to 4% in the first two months of FY24

'Lack of 5G, tariff hike delay to hurt Vi market share'

The carrier will have to undertake a change in strategy in order to protect market share

Intel, Micron spending plans show chip diplomacy moves

US is seeking to strengthen key supply chains outside of China to contain Beijing's ambitions

Disney CFO clashed with top executives before stepping down

Walt Disney Co. Chief Financial Officer Christine McCarthy, who has been a key executive at the entertainment giant for more than two decades, is stepping down.

FPI buying powers Sensex, Nifty to new closing highs

Buying by foreign and domestic funds catapulted equity benchmarks to record closing highs on Friday, as investors bet that cooling inflation will lead to a prolonged pause on interest rates, a positive for corporate profitability.

Relais & Châteaux may double India properties in 5-10 years

Relais & Châteaux, a 70-year-old French luxury hotels’ association often equated to the Michelin star of restaurants, is seeking to expand its membership in India and neighbouring regions.

Bank China built to challenge USD now needs dollars

A development bank China launched with its fellow Brics countries was supposed to reshape international finance. Russia’s invasion of Ukraine now risks turning it into a zombie bank.

India seeks Taiwan, S. Africa backing on carbon border tax

In 2021, steel exports at $4.1 billion and aluminium at $2.7 billion were India’s 5th and 7th largest exports to the EU.

Micron may invest $1 bn in India plant

Chipmaker plans to set up semiconductor packaging factory

SIA may raise stake in Air India to 40%

SIA had initial talks with Tata to raise Air India stake from 25.1%

Legislators gather to improve working of assemblies, councils

Keeping aside political rivalry, nearly 2,000 legislators from across the country have gathered in Mumbai to discuss ways to improve working of legislative assemblies and councils, which often witness acrimonious scenes.

'India's debt burden likely to decline'

Moody's Investors Service on Thursday said the key determinant of India's fiscal strength and the credit profile will be debt affordability and projected a downward trend for the debt burden.

Wipro opens 5G Def-i Innovation in Texas

Wipro announced opening of its new 5GDef-i Innovation Center in Austin, Texas, which will be its first testing facility in the US.

Kotak gets ₹5,400 cr deposits in ₹2k notes

Private sector lender Kotak Mahindra Bank has received about ₹5,400 crore as deposits in ₹2,000 notes following RBI's decision to withdraw these banknotes from circulation, a senior official said on Thursday.

CEA emphasizes need for skilling

Skilling of people in emerging areas is key to India reaping its demographic dividend, according to chief economic advisor (CEA) in the finance ministry V. Anantha Nageswaran.

SAT directs Sebi to respond to Chandra, Goenka plea in 48 hrs

The Securities Appellate Tribunal on Thursday directed the Securities and Exchange Board of India to respond within 48 hours to Subhash Chandra’s and Punit Goenka’s plea challenging the regulator’s recent order.

IndiGo hits record market share in domestic aviation

IndiGo, India’s largest airline, achieved a record market share of 61.4% in the domestic civil aviation industry in May, according to data from the Directorate General of Civil Aviation (DGCA).

Agrochem biz stares at China, demand issues

Competition from China and declining raw material prices major concerns

Intel rebrands PC chips after 15 years

Intel on Thursday announced a rebranding initiative for its consumer processors, marking the first major change in nearly 15 years. The company will phase out the ‘Core i’ branding for its consumer PC processors and adopt a numbered nomenclature system instead.

AIFs jittery over Sebi move to ban priority distribution

Prohibition will crimp ability to raise funds; consider better transparency checks, say AIFS

UTI Mutual Fund sponsors to trim stake

Sponsors of UTI Mutual Fund, including SBI, Punjab National Bank and Life Insurance Corporation of India, have initiated the process to dilute their stake in India's oldest fund house.

Russia No.1 oil supplier in Apr

India's import from Russia was valued at $3.97 billion in April, a four-fold rise over the $866.40 mn a year ago