CATEGORIES

RBI may draw up road map for ECL adoption

The Reserve Bank of India (RBI) is expected to drop broad hints for the adoption of the expected credit loss (ECL) framework at Monday's meeting with the boards of private banks in Mumbai.

Only govt can take final call on audit standards

The Solicitor General of India, in an opinion provided to the National Financial Reporting Authority (NFRA), said the Institute of Chartered Accountant of India (ICAI) does not have the power to issue any binding standards or guidelines for audit, according to people in the know.

₹28,677 cr so far: Selloff by FPIs unabated in Nov

No immediate relief expected amid shrinking US-India bond yield spread, subdued earnings

JP Morgan sets up unit in GIFT City for derivative products

JPMorgan Chase & Co, in a first for any global bank, has set up a unit to develop derivative products in India's newest international hub, according to people familiar with the matter.

Brokerages upbeat on Vedanta despite 15% fall

Operational efficiencies, capacity expansion driving analysts' optimism

1 of 4x listed firms paid over 20% of profit to related party as royalty: Sebi study

A study conducted by the Securities and Exchange Board of India (Sebi) has uncovered some alarming trends in royalty payments made by listed companies, with some of them doling out more than 20 per cent of their net profits as royalty to related parties.

Near-term demand woes to keep Samvardhana's margins under pressure

The stock of the largest listed auto component company, Samvardhana Motherson International, has shed about 23 percent of its value over the past month.

New F&O entrants to reshuffle the deck for Nifty 50, Sensex

Newcomers primed to shine, driven by index inclusion hopes

Equity MFs keep powder dry amid volatile markets

Active equity schemes held nearly ₹1.7 trillion in cash at the end of October

Musk's call for $2 trillion spending cut bad for markets: Chris Wood

Billionaire Tesla Chief Executive Officer (CEO) Elon Musk's ambitious plan of cutting at least $2 trillion of federal spending under incoming President Donald Trump's administration will boost the US dollar while hurting stock markets, Christopher Wood, global head of equity strategy at Jefferies, said on Thursday.

FTA SOP OPERA

After years, a standard operating procedure for FTA talks is back on the govt's agenda. How far can it help?

Universal Studios looks to join Excel cast with stake buy

This comes hot on heels of Poonawalla-Dharma deal

Jabil to invest ₹1K cr for setting up electronics unit in Gujarat

The Gujarat government on Thursday signed a memorandum of understanding (MoU) with leading electronics manufacturing services (EMS) company Jabil to set up its EMS unit with ₹1,000 crore investment in Dholera Special Investment Region (DSIR).

'India pipeline significant, we will double it in next three-five years'

InterContinental Hotels Group (IHG) plans to double its portfolio in India due to increased demand and government support. HAITHAM MATTAR, managing director of India, Middle East and Africa, and SUDEEP JAIN, managing director, South West Asia, IHG Hotels and Resorts, in an interview with Roshni Shekhar in Mumbai shed light on their growth plan in India and expansion of the group's revenue stream. Currently, IHG has 46 hotels in India and 58 are in the pipeline. Globally, it has over 6,300 open hotels in over 100 countries, and more than 2,000 are in the development pipeline. Edited excerpts:

Black Box eyes $2 bn revenue in four years

Digital infrastructure firm Black Box is setting its sights on attaining a $2 billion revenue target by financial year 2028 (FY28) as it capitalises on surging demand for data centres, AI-driven infrastructure, and digital connectivity solutions.

Expect subscriber losses to reverse soon, says Vi CEO

Vodafone Idea (Vi) expects the ongoing spate of subscriber loss due to the tariff hike to reverse soon, and it continues to upgrade key network infrastructure to ramp up 4G connectivity, CEO Akshaya Moondra said on Thursday.

Samsung loses ground to Apple in premium smartphone mkt

Samsung is losing the race in India's premium smartphone market as rival Apple continues to increase its dominance in the segment, driven by robust iPhone sales and festival season discounts.

Hyderabad's future in its past

It is a truth universally acknowledged that if one passes by the Cyber Towers in Hyderabad, one is bound to look back at it for another glance for its sheer beauty and design—more so after sundown when it glimmers with lights.

A growing Union-state power imbalance

The exercise of legislative power by statutory regulatory authorities undermines federalism and needs to be corrected

Time to assess impact of procurement reforms

The first 15 years of this century witnessed rising decibels of protests from Indian industry about two specific issues in doing business with the government - hugely delayed payments and the infirmities embedded in the L-1 (lowest bidder) method of selection.

Trump trade wars

Effects on global growth and trade dynamics will be substantial

Modest means

Local bodies must be strengthened

Saudi Arabia prioritises sports for NEOM plans as costs balloon

Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, three sources told Reuters a day after the sudden departure of the project's longtime CEO.

EU fines Meta $841 million over 'unfair' ad practices

Meta Platforms Inc was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to its sprawling social network, the US tech giant's first ever penalty for EU antitrust violations.

Crypto industry lobbies Trump and allies to capitalize on election wins

A cryptocurrency enthusiast as chair of the Securities and Exchange Commission. A presidential committee stacked with industry loyalists. And legislation to let crypto companies operate freely in the United States.

Poor nations need $1 trn a year to go green

Any deal is likely to be hard fought given reluctance among many western govts

The 'many firsts' in tribal-welfare initiatives in India

After centuries of systemic neglect and exclusion, the tribal population in India is gradually moving beyond the margins of society.

RPower gets SECI showcause over 'fake bank documents'

Agency may weigh criminal proceedings against Anil Ambani-owned firm

Local rural bodies should raise own funds: Panagariya

Local rural bodies must raise some resources of their own, not only for financing needs but also to strengthen the participation of citizens, Arvind Panagariya, Chairman of the 16th Finance Commission, said on Thursday.

Maharashtra poll race hots up as BJP, Congress trade barbs

The Bharatiya Janata Party, led by Prime Minister Narendra Modi, and the Congress, led by leader of Opposition in the Lok Sabha Rahul Gandhi, traded barbs on Thursday while addressing rallies in the state ahead of the elections on November 20.