CATEGORIES

Go First may lose slots if suspension continues

Low-fare airline Go First may lose valuable airport slots to other airlines if its operations remain suspended, two people aware of the matter said.

Home buyers likely to get some relief from bankruptcy shock

Home buyers may be spared the agony in insolvency cases where they have bought and occupied a house without completing the necessary paperwork, a person aware of the development said.

India eyes clean energy sources to tackle tariffs

The government is considering revising its industrial electrification strategy to prioritize adopting cleaner energy sources, such as green hydrogen and battery storage, over fossil fuels amid the need to meet net-zero targets and the potential imposition of taxes on products based on their carbon emissions by developed nations.

Blackstone, ADIA are likely bidders for HDFC's Credila

Sovereign wealth funds, private equity firms, and strategic investors are among 12-14 entities competing for a stake in Housing Development Finance Corp.’s Credila education loan unit, according to two people aware of the development.

Insurance premiums to turn 10% costlier

Global reinsurers raise rates, pushing up insurance cost in India

India mulls retaliation against EU carbon tax

DGFT said various options are being examined against unilateral move

PMLA coverage of accountants, CS to increase scrutiny

The finance ministry's decision on Wednesday to include specific transactions conducted by accountants and company secretaries under the PMLA, or Prevention of Money Laundering Act, is expected to heighten their accountability and liability.

Ban on FDI in nuclear power projects may come to an end

The aim is to reduce carbon emissions, and nuclear is in focus as it can supply energy 24/7

HDFC twin stocks slide over outflow fears post merger

HDFC Bank and HDFC Ltd stocks slid to a three-year low on Friday, driven by anticipated foreign outflows following the merged entity's listing on the Morgan Stanley Composite Index (MSCI) India.

Banks face margin squeeze amid deposit repricing

The weighted average term deposit rate for the banking sector rose 245 bps to 6.48% in Mar

Google is falling behind in AI arms race, senior engineer warns

A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge in artificial intelligence to the open-source community, where many independent researchers use AI technology to make rapid and unexpected advances.

Covid-19 global emergency is over after 3 painful years

The World Health Organization said Friday that covid-19 no longer qualifies as a global emergency, marking a symbolic end to the devastating coronavirus pandemic that triggered once-unthinkable lockdowns, upended economies worldwide and killed at least 7 million people worldwide.

Text your tax returns: GSTN's advice to cos with no tax outgo

GSTN, the company responsible for processing goods and services tax returns, has advised businesses without cash tax outgo to file their returns via text messages.

Erratic weather takes a toll on rabi crop yields

Unpredictable weather patterns have adversely affected rabi crops such as wheat and mustard, which account for almost 70% of India's winter food-grains basket. Experts predict lower yields for these crops would hurt farmers' incomes.

Apple chief Tim Cook sees India at 'tipping point'

Apple Inc. chief executive Tim Cook singled out India on Thursday as pivotal for the iPhone maker, underscoring how the country is on the cusp of becoming both a major market and production base.

IT, startup hiring hits five-year low

The number of recruitment mandates from information technology (IT) and startup clients has dropped to the lowest level in five years.

Spot airfares soar with Go First gone

Last-minute fares on some routes have surged nearly fivefold

Can A Performance-Based Fee Improve MF Outcomes?

The idea of performance fee in mutual funds is to align managers’ interest with investors If the new performance fee is in place, there is always a possibility of fund manager taking excessive risk

Equity Bulls Don't Have Much To Celebrate In A US Fed Pause

Forget past patterns as today’s economic circumstances are unique

Monarchy clashes with constitutional morality

Constitutional monarchy looks increasingly quaint. This weekend’s coronation in London of Charles III should remind us how glad we are to have left the Raj behind for a republic

THE EL NIÑO SHADOW OVER INDIAN AGRICULTURE

Will the climatic phenomenon end the run of good monsoons India has enjoyed over the past four years?

More ground left to cover, no pause in rate hike: ECB

The ECB said it expects to halt reinvestments under its Asset Purchase Program as of July

It's Akashvani now, Prasar Bharati drops AIR nomenclature

Public broadcaster Prasar Bharti has decided to drop references to its radio service as 'All India Radio' and substitute it with 'Akashvani', as mentioned in the law.

HDFC Q4 net rises 20%; revenue hits ₹16,679 cr

Pickup in individual loan disbursals shows economic momentum, says co

Adani Ent's quarterly profit doubles on airports business

Consolidated net profit of AEL, at ₹2,421 cr in FY23, missed analysts' estimate of ₹4,201 cr. Adani Enterprises Ltd (AEL), the flagship of the Adani Group, said quarterly net profit more than doubled to ₹780

April auto retail slows as two-wheelers drag

Passenger vehicle sales fall after nearly 3 quarters as price hikes pinch

Rate engine nears a pause signal

The rate hike was a unanimous decision of the Fed’s committee members and largely in line with market expectations. The next Fed meeting is on 13-14 June.

BluSmart raises $42 million

The company has raised $37 million in equity and $5 million in venture debt in this round, with nearly 50% of the funding being subscribed by BluSmart’s founders and leadership team.

FM seeks concessional climate finance

During her intervention at the business session of the Board of Governers at the ADB’s annual meeting, Sitharaman said the lender should adopt a “transformational approach” for sustainable and resilient regional development.

S. Jaishankar meets China, Russia peers

Pakistan’s foreign minister Bilawal Bhutto is also in India for the meeting. The SCO foreign ministers’ meeting will look to set the stage for the leaders’ level meeting in New Delhi in July.