CATEGORIES

PNGRB raps Petronet LNG; shares tank

Tariffs not under regulator's purview, says company

Market rally riding on high hopes

Experts Warn Of Uncertainties

Microfinance firms' shares surge as MFIN defers capping lenders

Shares of microlenders, including CreditAccess Grameen, Spandana Sphoorty and Equitas Small Finance Bank, rallied on Thursday after the Microfinance Institutions Network (MFIN) decided to defer by three months the implementation of limiting the number of lenders to three per borrower.

Hyundai to Launch Electric Creta With Two Battery Options

HYUNDAI MOTOR INDIA will offer two battery options on the electric version of the Creta, which is set to debut in the upcoming Bharat Mobility Show.

Blinkit tests 10-minute ambulance service

BLINKIT, QUICK COMMERCE arm of Zomato, has ventured into emergency medical services with the launch of a 10-minute ambulance service in Gurugram.

Honasa CBO steps down amid series of exits

ZAIRUS MASTER, CHIEF business officer at Honasa Consumer, has resigned from his post and will step down on February 28, the company said in an exchange filing on Thursday.

Can't take action unless there is clear proof: Naidu on Adani deal

ANDHRA PRADESH CHIEF minister N Chandrababu Naidu has said that the Solar Energy Corporation of India's (SECI) agreement to purchase power from the Adani Group was an advantage for the state government and any action on bribery charges would be taken only after a thorough examination of the records.

Dunzo co-founder Biswas to exit firm

DUNZO CO-FOUNDER AND CEO Kabeer Biswas is set to exit the troubled hyperlocal delivery startup, according to a report in Moneycontrol.

DMart Q3 revenue rises 17.5% to ₹15,565 crore

AVENUE SUPERMARTS, OWNER of retail chain DMart, on Thursday reported a 17.5% rise in its standalone revenue at ₹15,565.23 crore in the quarter that ended on December 31.

Smartworks takes 480,000 sq ft in Gurugram for ₹94-cr rent per year

CO-WORKING PLAYER SMARTWORKS has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of ₹94.68 crore for six years.

RIL to build AI infra hub in 24 months, says Akash Ambani

RELIANCE INDUSTRIES WILL build AI infrastructure in Jamnagar within a record 24 months, making the city the global leader in this domain, said Akash Ambani, director at RIL, at an event commemorating the 25th anniversary of the company's Jamnagar Refinery.

Indian Airlines Score Low on Punctuality

Flight delays in India rise by 27%, affecting 2.39 mn passengers

2w sales skid 9%, lowest in over a year

DESPATCHES OF MOTORCYCLES and scooters of five of India's top six manufacturers to dealers fell 9% year-on-year during December as destocking efforts and lower retail demand took a toll on despatches.

Looking forward with hope to achieve growth at scale: Mahindra CEO

MAHINDRA GROUP is looking forward to the new year with hope and confidence, driven by its aspiration to achieve growth at scale, according to its CEO & managing director Anish Shah.

upGrad bets on ‘top-up/tank-up’ strategy

EDTECH FIRM UPGRAD will focus more on high margin businesses like upskilling courses rather than formal education formats in order to drive profitability as it prepares for an initial public offering seven to nine quarters down the line, majority shareholder Ronnie Screwvala told FE.

DoT Likely to Shelve BSNL's VRS Proposal Amid Union Protests

After uproar from the employees' unions, the Department of Telecommunications (DoT) has likely put the second voluntary retirement scheme (VRS) proposal for BSNL on hold, officials said.

ONDC Onboards Over 700k Sellers, Service Providers

More than 700,000 sellers and service providers have been included on the Open Network for Digital Commerce (ONDC) so far, the government said on Thursday.

SC hauls up Punjab over protest fast of farmer leader

The Supreme Court on Thursday slammed the Punjab government over the hunger strike by farmer leader Jagjit Singh Dallewal, saying the state's attitude appeared to be against reconciliation and its officials were spreading the wrong impression that the court was trying to persuade Dallewal to break his fast.

Centre to get first chance to restore J&K statehood: CM

IN HIS FIRST media interaction here Thursday, two-and-a-half months after taking over as Jammu and Kashmir Chief Minister, Omar Abdullah stressed on restoration of statehood to J&K but added that his government was willing to wait for the Centre to do so rather than taking recourse to courts.

Banks Urge RBI To Ease Cash Crunch With Forex Swaps

Some big lenders in India have asked the central bank to inject liquidity using foreign-exchange swaps as short-term currency financing costs surged to a four-year high, according to people familiar with the matter.

Low rainfall in Jan-March may hit rabi crop yield

IF THE MET department's forecast of a below-normal rainfall and above-normal temperature during January-March, especially in the northern states, turns true, yields of several winter crops including wheat, mustard, chana and horticultural crops could be hit, experts said.

Iran minister in Delhi for talks to boost ties, trade

DAYS BEFORE DONALD Trump returns to the Oval Office, Majid Takht-Ravanchi, Iran's deputy foreign minister, has reached New Delhi for talks Friday with external affairs minister S Jaishankar and foreign secretary Vikram Misri.

Employment up 36% between FY15, FY24

EMPLOYMENT IN THE country has increased by 36% to 643.3 million in 2023-24 from 471.5 million in 2014-15, \"reflecting an improvement in jobs scenario\" under the NDA regime, labour minister Mansukh Mandaviya said on Thursday, citing official data.

Goyal to meet EV industry representatives

REPRESENTATIVES OF ELECTRIC vehicle manufacturers will meet commerce and industry minister Piyush Goyal on Friday to discuss issues related to the expansion of manufacturing and the adoption and building of support infrastructure, including charging and battery swapping facilities.

NSO to compile district-level estimates

STARTING THIS MONTH, the statistics ministry will conduct new survey rounds which will contain district-level estimates, in addition to the existing national- and state-level data, according to an official release.

India to add 30 GW RE capacity in FY25-26

INDIA IS LIKELY to add 30 gigawatt (GW) of renewable energy capacity over FY25-26, backed by continued policy support, availability of liquidity and established growth plans of some large corporate players, reduced equipment prices, and waiver of interstate transmission system charges, analysts say.

Panel to suggest road map for Producer Price Index

To revise WPI base year as well; Niti Aayog member Ramesh Chand will lead committee

Budget wish list: Lower tax on FD interest & fund for NBFCs

Ahead of the Budget for 2025-26, representatives of the financial sector and capital markets on Thursday sought a lowering of tax on interest income from fixed deposits to align with capital gains tax on equities, a dedicated refinancing window for non-banking financial companies (NBFCs), and incentives for long-term savings.

Sebi Debars Ketan Parekh Again

KETAN PAREKH, who was debarred by the Securities and Exchange Board of India (Sebi) two decades ago after his conviction in the infamous stock market scam in 2000, is back in the markets regulator's bad books.

Norms for release of capex to states eased

THE CENTRE HAS relaxed a clutch of norms regarding the release of interest-free capex loans to the state governments to ensure that the entire sum of ₹1.5 lakh crore earmarked for 2024-25 is fully utilised during the year, and help arrest a decline in public capex.