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Govt may offer up to ₹50/kg support for green hydrogen

The Union government plans to provide incentives worth ₹13,050 crore out of the ₹19,744 crore support under the National Green Hydrogen Mission, two people aware of the development said.

SC quashes Centre's ban on news broadcaster MediaOne

Criticism of government action cannot be called “anti-establishment\", and a homogenized view on issues ranging from socio-economic polity to political ideologies poses “grave dangers to democracy\", the Supreme Court emphasized on Wednesday, as it quashed the Union government’s telecast ban on Malayalam news channel MediaOne, and held that national security claims couldn’t be “made out of thin air\" to deny citizens remedies provided under the law.

Stocks up almost 1% on robust credit, tax data

Buoyed by encouraging data on credit, tax and deficit data, stocks rose for a fourth straight day on Wednesday, unaffected by the weakness in global markets.

Coastal shipping to get infrastructure status: Sonowal

The union ministry for ports, shipping and waterways has proposed giving infrastructure status to coastal shipping, a government priority. The status entitles a sector to several benefits and concessions, including cheaper bank loans.

Adani targets debt cuts, income boost

In plan outlined to calm creditors, group sets aggressive goals

Sports ad spend crosses ₹14k cr in 2022

The Indian sports industry has registered a massive jump in 2022 with media advertisement spending , on-the-ground and team sponsorships, and celebrity endorsements breaching the ₹14,000 crore mark for the first time, signalling a massive post-covid recovery

Rising crude prices, tax cuts may not help oil producers

Analysts are not enthused considering the frequent revisions in windfall taxes

Urbanic to delist from Myntra, Flipkart

Urbanic is set to launch its own website in India. It already has a mobile app that draws significant Gen-Z traffic

Rashtriya Ispat mulls new business model

In a first, state-owned Rashtriya Ispat Nigam Ltd (RINL) is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials.

Iron Pillar raises $129 million under new venture fund

Venture capital firm Iron Pillar, which has backed startups such as Fresh-To-Home, Uniphore, Servify, and CureFoods, marked the close of its Global Cloud Fund II with a corpus of $129 million.

AAI to boost hiring of air traffic officers

The Airports Authority of India is in the process of hiring 356 of the 519 ATCO vacancies by August-September, two officials said

Rents skyrocket in Bengaluru as engineers fight for flats

Landlords in the city, often referred to as India’s Silicon Valley, now charge the highest proportion of their property’s value as rent, edging out financial centre Mumbai, according to data from market researchers

Carbon tax hurdle looms over India-UK FTA talks

An EU-style carbon border adjustment mechanism (CBAM) is expected to dent India’s metal exports to the UK even if India and the UK agree on significant tariff concessions, experts said.

Donald Trump surrenders; to plead not guilty

Former President Donald Trump surrendered to authorities Tuesday at a Manhattan courthouse ahead of his arraignment on criminal charges stemming from a hush money payment to a porn actor during his 2016 campaign.

RIL secures $2 bn additional loan

Group raises $5 bn in total; largest syndicated loan in India

Streaming skittish as regulation looms

Platform executives and content creators termed this a departure from the previous stance of allowing self-regulation, but not entirely unexpected given that web shows occasionally cross the line.

India plans 250GW tenders

The Indian government plans to issue 50GW of renewable energy capacity tenders annually until FY28, with projects worth 250GW planned from FY24 to FY28.

Samhi Hotels trims fresh issue size of IPO

The Gurugram-based company had first filed its papers with the Securities and Exchange Board of India (Sebi) for an IPO in September 2019 to raise ₹1,800-2,000 crore.

Green investments deliver superior returns, says BCG

Green investments fetch 6.5 times more relative total shareholder returns compared to nongreen deals over a period of two years, Boston Consulting Group (BCG) said in a report, at a time the investing world shifts its focus towards climate-focused investments.

Prices of 651 essential drugs decline as NPPA revises cap

The move coincides with a surge in covid infections in India, with active cases increasing from 18,389 to 20,219 in the last 24 hours.

Direct tax receipts after refunds in FY23 grow 18%

Gross direct tax collections for FY23 before adjusting for tax refunds stood at ₹19.68 trillion, a growth of 20.33%, CBDT said.

PNG may replace cylinders in well-covered areas over time

Govt asks piped gas companies whether a sunset period for LPG can be set in some places. The move comes against the backdrop of declining demand for PNG in the past year

Firms post strong credit quality despite inflationary pressures

Indian companies reported strong credit quality in the year ended 31 March with continued debt reduction and robust profitability, despite some downgrades due to inflationary pressures, credit rating agencies said.

RCap lenders delay auction to get more bidders on board

The second auction of Reliance Capital Ltd’s assets has been delayed by a week by its lenders as they seek to enlist the participation of more bidders in the process, according to two people familiar with the matter.

Insurers may get to sell related services

They may not be allowed to sell financial products like MFs

Sunak's UK Crypto Ambitions Are Flummoxed By Reluctant Banks

Edouard Daunizeau's crypto company SavingBlocks has an office in East London's technology hub and more than 200 customers testing its services. But getting a bank account for his year-old startup has proved an almost insurmountable challenge.

Jobless Rate Hits A Three-Month High

India's unemployment rate climbed to a three-month high of 7.8% in March amid concerns a global slowdown will hurt Asia's third-largest economy. Urban joblessness remained elevated at 8.4%, compared with about 7.5% in rural areas, according to data from Centre for Monitoring Indian Economy.

Pepsi's redesign exercise takes the Gen-Z challenge head on

Hot on the heels of the calamitous 'I Love NY' rebrand comes another Brandbook: a new logo for Pepsi.

Our foreign trade policy bets on e-commerce for an export jump

FTP 2023 seeks to ease and enable exports with measures that are broadly in the right direction although some gaps remain

Harmonize trade policy with India's broad goals

It laudably aims to ease exports and enable a big e-commerce outreach but we must resolve riddles posed by our Atmanirbhar thrust and grant import tariffs both clarity and stability