CATEGORIES

RBI's proposals could drive up credit costs

● Experts say LCR norms to hit banks' NDTL by 200-250 bps

FMCG shares weigh heavily on benchmark indices

FAST-MOVING CONSUMER goods (FMCG) stocks, coupled with other geopolitical concerns, weighed on the benchmark indices on Monday, leading to a decline for the second straight session.

CCI seeks SC hearing in e-commerce antitrust case

THE INVESTIGATION IS a major regulatory challenge for Amazon and Flipkart in a market where e-commerce sales are set to exceed $160 billion by 2028, up from $57 billion to $60 billion in 2023.

BookMyShow FY24 profit rises 28% to ₹109 cr

BookMyShow's net profit grew 27.6% to ₹108.63 crore in the financial year 2023-24 (FY24) from ₹85.11 crore in the last fiscal year (FY23).

MapmyIndia parent to not invest in outgoing CEO firm

CE INFO SYSTEMS, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher.

AI places an order for 100 aircraft

SIX AIRBUS A350-900s have been delivered to Air India and are operational on several domestic and international routes, including Delhi-London.

Livguard looks to incur ₹3,360-cr capex in 5 yrs

The energy storage firm plans to raise around ₹1,697 cr-₹2,121 cr in the next financial year, which will be used for increasing production capacity at its new facilities

Zaggle aims to double revenue by next fiscal

● Firm evaluating acquisition opportunities

AI's rise driving demand for computers: Lenovo

ARTIFICIAL INTELLIGENCE (AI), THE transition from Windows 10 to Windows 11, and a lifecycle upgrade following the pandemic is boosting the demand for personal computers (PCs), Ashish Sikka, Lenovo India's director and category head, told FE.

First test flight lands at Noida airport

THE FIRST VALIDATION flight landed successfully at the Noida International Airport on Monday.

Jewar land prices may rise by 50% in 6 years

JEWAR, A SMALL town along the Yamuna Expressway, is emerging as one of the fastest-growing real estate micro markets because of the upcoming international airport leading to a 40% appreciation in land prices in the last five years.

Vodafone Idea to raise ₹1,980 cr from parent

VODAFONE IDEA ON Monday said its board has approved the issuance of up to 1.75 billion shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore.

Tata Motors, Kia announce price hikes

● Best offers on 2023-made models

LG India paid ₹323 cr in royalty to parent in FY24

LG ELECTRONICS INDIA, which filed its offer document last week for a $1.8-billion initial public offering (IPO), paid 2.3-2.4% of sales in royalty to its parent in FY24, totaling ₹323 crore, its draft red herring prospectus (DRHP) showed.

Soros row: BJP, Cong trade charges

Uproar over BJP's allegations linking top Congress leaders with US-based billionaire investor George Soros-funded organisations involved in 'anti-India' activities rocked both houses of Parliament which failed to transact any business,

Oppn mulls impeachment resolution against Dhankhar

THE UNEASY RELATIONSHIP that Opposition parties share with Rajya Sabha chairman and vice-president Jagdeep Dhankhar is set to come to a head as the INDIA bloc parties have decided to submit a notice to move a no-confidence or impeachment resolution against him.

Delhi flags minorities' plight, Dhaka says internal issue

● India calls for 'constructive' ties, says attacks 'regrettable'

PIT outpaces Budget during April-October, capex shrinks

DURING THE SEVEN months of FY25, personal income tax collections grew at a faster clip of 20.2% on year against the full-year Budget estimates (BE) of 16.1%, reports Saikat Neogi.

Rajasthan investor summit draws ₹35 lakh-cr pledges

LEADING INDIAN CONGLOMERATES and other companies have pledged to make combined investments of more than ₹35 lakh crore in Rajasthan over the next few years under the memoranda of understanding signed with the state government, with the largest commitment of ₹7.5 lakh crore coming from Adani Group.

100,000 Bima Sakhis may be enrolled in 12 months

The Stipendiary Scheme launched by Life Insurance Corporation on Monday to engage women career agents (MCAs) could cost the insurer ₹845 crore in the first year, while the new business generated by them is likely to be five to seven times the cost incurred, chairman Siddhartha Mohanty said.

100,000 Bima Sakhis may be enrolled in 12 months

THE STIPENDIARY SCHEME launched by Life Insurance Corporation on Monday to engage women career agents (MCAs) could cost the insurer ₹845 crore in the first year while the new business generated by them is likely to be five-seven times the cost incurred, chairman Siddhartha Mohanty said.

NHAI raises ₹775 cr through green bonds

THE SPECIAL PURPOSE vehicle of the National Highways Authority of India (NHAI) has raised ₹775 crore through its maiden green bond issue to finance the Delhi-Mumbai Expressway.

Township for data centres likely: Goel

LEADING INDIAN CONGLOMERATES and other companies have pledged to make combined investments of more than ₹35 lakh crore in Rajasthan over the next few years under the memoranda of understanding signed with the state government, with the largest commitment of ₹7.5 lakh crore coming from Adani Group.

Pharma cos unfazed by US developments

THE INDIAN PHARMA industry is not worried about the possible benefits for Chinese biotech firms following the exclusion of the Biosecure Act, aimed at blacklisting them, from a key US defence budget Bill.