CATEGORIES

Byju's default could spark lender action

Edtech unicorn Byju’s skipped paying $40 million interest on a $1.2 billion loan that was due on 5 June, triggering a default that could affect several group entities and prompt lenders to invoke guarantees and initiate insolvency action.

Adani set to revive Mundra PVC project

Adani Group set to obtain  ₹14,000 cr credit line for Mundra Petrochem

Lessons from running a brutal marathon in the Sahara

Mahasweta Ghosh is one a few people to complete a multi-day marathon in the Sahara. This is how she did it

What running means to Indian enthusiasts

Ahead of Global Running Day on 7 June, runners talk about their passion

How to avoid falling for wellness myths

We examine two popular health and wellness myths to demonstrate how you can sift through evidence and arrive at the objective truth

Adani Group's Comeback Plan Takes Shape With Debt Repayment

Adani Group on Monday said it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.

Goa Remains Hot Favourite For Summer Travellers Despite Sultry Weather

The Postcard Hotels and Resorts is commanding a premium of 17% across its four properties in Goa compared to last summer. Despite the sweltering heat, guests are willing to pay room charges of ₹25,000 per night, contributing to over 80% of its occupancy.

RBI's Policy Rate Pause Is Set To Continue For Long Term

The status quo on the RBI's policy rates in April was perfectly in line with our expecoverwhelmingly strong market consensus in favour of a 25 basis points (bps) hike.

PAG to pick minority stake in RK Pharma

Asian investment firm PAG plans to acquire a significant minority stake in specialty injectables company RK Pharma Inc. and its subsidiaries, according to people familiar with the deal.

RBI panel raises alarm on poor customer care

Proposes penalties for non-compliant entities, rewards for performers

Blending fiats not right way to sustainable jet fuel: IATA

India is weighing a directive mandating airlines to use blended sustainable jet fuel by 2025

India to be 3rd-largest construction market

Infra investments spur demand for building equipment: CNH Industrial

Crude oil surges as Saudi Arabia extends voluntary cuts in production

With Saudi Arabia announcing an additional production cut of crude oil, international crude oil prices surged over 2% on Monday.

Bets on coal, tobacco pay off for PPFAS

NEW DELHI E ven as ESG investing gains traction globally as one of the hottest strategies, one Indian fund manager's bet against the trade has proved to be a big boon.

Mahindra Finance sets healthy pace in May, but risks remain

Shares of Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) have been scaling new highs frequently over the past few months.

Pricing edge may cost services cos

Business activity in India's services sector moderated slightly in May. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 61.2 in May from 62 in April.

Course5 closes $53 mn funding round

Data analytics startup Course5 Intelligence has closed its first external funding round at $53 million (about Rs 438 crore).

Investors sharpen focus on recycling firms

Technology innovation, improving robustness of business model, and a large addressable market combined with a regulatory push on sustainable development is driving investments in recycling companies in segments across plastics, e-waste, and batteries, according to a new report.

VC deals rise in May in boost for startup funding outlook

A total of 77 deals were inked last month with a cumulative investment value of $826 million

India, US to cooperate on defence sector

India and the United States have concluded a roadmap for defence industry cooperation for the next few years, the Indian government says – a move expected to bolster New Delhi’s defence manufacturing ambitions.

'Spare cos with US, UK nod from strict cough syrup tests'

New Delhi: Pharma lobby Indian Drug Manufacturers Association (IDMA) has urged the government to exempt testing protocols from its new export policy for cough syrups if a manufacturer has approval from a highly regulated market like the US or UK.

PM flags off two schemes to revive wetlands, mangroves

New Delhi: In a move to revive wetlands and mangroves across the country, Prime Minister Narendra Modi on Monday launched two schemes named Amrit Dharohar and MISHTI (Mangrove Initiative for Shoreline Habitats and Tangible Incomes).

Self-monitor fares on select routes, govt tells airlines

New Delhi: The civil aviation ministry has asked airlines to self-monitor air fares after the temporary suspension of Go First flights led to surge-pricing on routes where the airline had a strong presence.

For some cancers, less treatment may be a better approach

Some patients with cervical and pancreatic cancer can doas well with less invasive surgery, according to research presented at the American Society of Clinical Oncology conference in Chicago over the weekend. Other studies at the annual meeting showed some patients with rectal cancer or Hodgkin lymphoma can safely get less radiation.

'Most of our brands will be around ₹1,000 cr in 2 years'

NEW DELHI : Over the last few years, Arvind Fashions Ltd has overhauled its business and parted ways with several brands to make its portfolio lean.

Byju's prepares to take test-prep unit Aakash public next year

NEW DELHI : Edtech giant Byju’s on Monday said it plans to take its wholly owned test-prep unit, Aakash Educational Services Ltd, public by the middle of next year.

MTNL may be shut, moving ops to BSNL

The option of closure is under serious consideration since MTNL was continuing to make losses amid mounting debt, the officials cited above said on condition of anonymity.

Essar embraces clean energy in green pivot

Ravi Ruia and his nephew Prashant are leading the turnaround

Asia Fears US-China Tensions

Defence chiefs of both the countries met at a forum in Singapore. The forum ended with few signs of optimism

Can I Claim HRA For Rent That Parents Pay?

I am currently working from home remotely. I am living with my parents, and they also live on rent. Can I claim HRA exemption if I send rent to my parents' account monthly? Though my parents don't have any rent agreement because we stay in a small city where rent agreements are not common. Is there any way I can claim HRA by making any documents through notary?