CATEGORIES

Mumbai's industry leaders ink their fingers for Maharashtra's future

Mumbai, the financial hub of India and the capital of Maharashtra, saw some high-profile people cast their votes on Wednesday.

'No evidence of exchange policy hurting exports'

The Reserve Bank of India (RBI) has said that recent claims by some experts, suggesting that the central bank's exchange rate policy stance has significantly impacted India's export competitiveness, are not supported by evidence.

RBI buys net $8.52 bn in H1FY25

LENDING SUPPORT

'Hoping to achieve in 5-6 years what we've in past 165 years'

At a time when foreign banks in lndia are recalibratingtheir operations and selling off portfolios to domestic players to focus on niche areas, HSBC India is lookingto strengthen its presence across various segments, including wealth management, corporate banking, startups, and its equity and debt capital markets businesses. HITENDRA DAVE, chief executive officer (CEO) of HSBC India, spoke with Ma nojit Saha and Subrata Panda in Mumbai aboutthe London-based bank's plans for India and how it aims to capitalise on the opportunities the country has to offer. Edited excerpts:

Focus on cooperation, not conflict: Rajnath to Chinese counterpart

Defence Minister Rajnath Singh on Wednesday met his Chinese counterpart Dong Jun in Laos where he called for drawing lessons from border clashes of 2020, and preventing the recurrence of such incidents along the India-China border.

EPFO added 1.8 mn members in Sep as employment rose

Retirement fund body EPFO recorded a 9.33 per cent growth in net member additions in September, totaling 1.88 million compared to the same month last year, according to payroll data released on Wednesday.

UPI looks to add a Lite touch to low-ticket payments

Move comes as the industry looks to contain technical declines and transaction failures on UPI

Govt revamps incentive scheme for PSB execs

PLI tied to performance metrics; up to 100% of basic pay at stake

Inflation not a challenge, other than food: DEA secy

Says no significa nt downside risk to 6.5-7°/o GDP growth projected by Economic Su Ney

FinMin pushes banks to clear re-KYC backlog

PSBs to submit their action plans by end of the month

SC allows telcos to claim tax credit on infra duties

Overturns 2014 Bombay HC ruling classifying infrastructure items as non-capital goods

Indian GCCs becoming innovation hubs now

India's global capability centres (GCCs) are fast evolving from back-office support centres to dynamic hubs of innovation and talent, tech industry leaders said at the 'Bengaluru Tech Summit 2024' on Wednesday.

Tea companies brew profit amid climate change woes

Tea companies recorded a profit boost in the September quarter, reflecting higher prices as lower production is blamed on the impact of climate change.

Invested billions in connecting India to the world

FedEx, one of the world's largest express transportation companies, is scaling up operations in India, said RICHARD W SMITH, chief operating officer (COO), international, and chief executive officer (CEO), airline, FedEx. In a video interview with Peerzada Abrar, Smith said the company is exploring the India market for setting up air cargo hubs for better connectivity. This week, the firm will officially inaugurate the fourth international daily flight that connects India to the rest of the world. Edited excerpts:

Govt studying temporary tax request on China steel imports

The government is studying the request for imposing a temporary tax on China steel imports,the JSW Group chairman Sajjan Jindal (pictured) said on Wednesday, adding that it could get regulatory approval for the initial public offering of its cement business by January-end.

India among our top 3 focus markets globally: Pearson

Global learning firm Pearson is looking to double down on growth in India, which is among its top three focus markets globally, a top executive of the company said.

Adani eyes more acquisitions to bolster engg portfolio

The billionaire Adani family, which is building an in-house construction and engineering ecosystem by acquiring ITD Cementation and PSP Projects, is actively seeking additional acquisition opportunities, according to bankers.

Hotel alternatives seeing growth: Booking Holdings

Booking Holdings, the parent of online travel aggregators like Booking.com and Agoda, said India is among its top five priority markets, as the country grows at a faster rate than the entire Asia region.

Nandini enters North India to challenge dairy titans

The milk market in North India is set to witness a brand war as Karnataka's home-grown dairy brand Nandini plans to foray into the North Indian market, currently dominated by the Gujarat Cooperative Milk Marketing Federation (GCMMF)'s flagship brand Amul and Mother Dairy, an arm of the National Dairy Development Board (NDDB).

Style, safety drive preference for premium features in cars

Rajiv Joshi (name changed) was planning a road trip to Goa with his family this winter in the new car they purchased during Diwali. His teenage son was keen on having ventilated or air-cooled seats and a panoramic sunroof for the nearly 12-hour drive from Mumbai to Goa, while Joshi and his wife prioritised buying a car with at least six airbags and a five-star Global NCAP safety rating.

Noel Tata set to make debut at Tata Sons board meet today

Noel Tata was named chairman of Tata Trusts, which holds 66 per cent in Tata Sons, after Ratan Tata passed away last month. Soon after, Noel was inducted into Tata Sons board as a Trusts nominee director

Airtel awards 'multibillion' 5G gear-extension deal to Nokia

In its first big sourcing agreement since its August 2022 orders for 5G deployment, telecom major Bharti Airtel on Wednesday announced it had awarded to Nokia a multiyear, multibillion extension deal for 4G and 5G equipment across key Indian cities and states.

Most exit polls give NDA edge in Maha, Jharkhand

Most pollsters predicted on Wednesday evening that the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) was on course to unseat the INDIA bloc in the 81-member Jharkhand Assembly.

Unchecked inflation can hurt real economy prospects: RBI report

Early signs of spillover from high food prices; pvt consumption back

India among our top 3 focus markets globally: Pearson

Global learning firm Pearson is looking to double down on growth in India, which is among its top three focus markets globally, a top executive of the company said.

Nandini enters North India to challenge dairy titans

The milk market in North India is set to witness a brand war as Karnataka's home-grown dairy brand Nandini is plans to foray into the North Indian market, currently dominated by the Gujarat Cooperative Milk Marketing Federation (GCMMF)'s flagship brand Amul and Mother Dairy, an arm of the National Development Board (NDDB).

Hotel alternatives seeing growth: Booking Holdings

Booking Holdings, the parent of online travel aggregators like Booking.​com and Agoda, said India is among its top five priority markets, as the country grows at a faster rate than the entire Asia region.

'Govt studying temporary tax request on China steel imports'

The government is studying the request for imposing a temporary tax on China steel imports, the JSW Group chairman Sajjan Jindal (pictured) said on Wednesday, adding that it could get regulatory approval for the initial public offering of its cement business by January-end.

Adani eyes more acquisitions to bolster engg portfolio

Takes up projects such as airports, E-way, Dharavi redevelopment

Style, safety drive preference for premium features in cars

Rajiv Joshi (name changed) was planning a road trip to Goa with his family this winter in the new car they purchased during Diwali.