CATEGORIES

GenAI to add up to $438 bn to GDP by FY30: RBI DG Patra

Forecasts indicate that generative artificial intelligence (AI) could add between $359 billion and $438 billion to India's GDP by 2029-30, said Michael Debabrata Patra, Deputy Governor of Reserve Bank of India (RBI) on Wednesday.

'SBI, HDFC, ICICI systemically important banks'

State Bank of India, HDFC Bank, and ICICI Bank have been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India.

IT hub projects hit reset button

After nearly two decades, the Chhattisgarh government's ambitious information technology (IT) project is finally seeing the light of day.

Govt to set up private textile parks to curb China imports

To curb raw material imports from China and promote textiles, the Uttar Pradesh government is looking to set up nearly a dozen private textile parks in the state.

‘Adaptive Defence’ doctrine to deal with emerging challenges: Rajnath

Defence Minister Rajnath Singh has announced that the government is adopting a doctrine of \"Adaptive Defence\" to tackle security challenges in today's fast-changing world.

Municipal corporations need reforms to boost own funds: RBI

Municipal corporations in the country need comprehensive reforms to boost their sources of revenue through tax reforms, rationalisation of user charges, and strengthening of collection mechanisms to plug leakages, according to an RBI report.

Govt expects gross direct tax mop-up to go past FY25 target

Actual tax liability falls 40% for those earning ₹10-20 lakh

ONGC set to open 5 wells in KG basin to boost output

State-owned Oil and Natural Gas Corporation (ONGC) plans to soon open five wells in the Krishna Godavari (KG) basin deepwater block.

RBI rate cut in Feb may not be a done deal, say economists

Inflation hit 14-month high of 6.2% in October, breaching upper tolerance band

Eye 60:40 for fossil, green energy by '32'

NTPC arm NTPC Green Energy, with the launch of its initial public offering (IPO), looks to utilise the proceeds for its capital expenditure (capex) needs. GURDEEP SINGH, chairman and managing director of NTPC and NTPC Green, in an interaction with Amritha Pillay in Mumbai, discusses capacity expansion plans, and how the company would balance presence between fossil and green sources of power. Edited excerpts:

India boosts pharma output to reduce imports

SHOT IN ARM

Eicher Motors reports 8% rise in Q2 profit to ₹1,100 cr

Eicher Motors, the maker of Royal Enfield motorcycles, has posted an 8.3 per cent rise in net profit during the second quarter of the current financial year to ₹1,100 crore.

Vi Q2 loss narrows to ₹7K cr, user base shrinks

Debt-ridden telecom firm Vodafone Idea (Vi) on Wednesday reported a net loss of ₹7,175.9 crore in the September quarter (Q2FY25), weighed down by a shrinking user base.

Swiggy: From a forgotten idea to ₹1 trn mcap on listing

Framing the next chapter in Swiggy's journey as a responsible corporate citizen, Co-founder and Chief Executive Officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing.

Subsidy fuel running low, e2Ws race against time

RIDING THE SURGE

PVs, 2Ws clock record domestic sales in October

Festival cheer drives demand

MG's Windsor sales in top gear, TaMo EVs face heat

Giving a tough time to Tata Motors, which had a monopoly in the electric passenger vehicle market until last year, JSW MG Motor India is gathering momentum with the launch of the new MG Windsor.

Swiggy serves up 17% gains on debut, mcap tops ₹1 trn

Defying weak market conditions and a tepid initial public offering (IPO) response, food delivery major Swiggy registered a 17 per cent gain on its stock market debut on Wednesday.

Markets slip into 'correction' zone

Nifty, broader mkts fall over 10% from peak amid strong dollar, inflation

ICAI to knock on MCA door against proposed audit standard revision

The Institute of Chartered Accountants of India (ICAI) will raise concerns with the Ministry of Corporate Affairs (MCA) over revisions to two audit standards, sources in the institute told Business Standard.

Changes in policy terms must be conveyed

Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).

Low valuation sparks interest in IndusInd

Analysts believe worst may be over for lender after sombre Q2 results

Demand, margin gains ahead for UPL

Agrochemicals manufacturer UPL reported a muted quarter as operating profit remained flat on a year-on-year (Y-o-Y) basis, due to a price decline (down 7 percent Y-o-Y) and surplus capacity in China.

Exchanges roll back direct payout of securities to client accounts

The National Stock Exchange (NSE) and BSE on Tuesday announced rollback of the direct payout of the securities to client demat accounts—which was enabled on November 11.

Swiggy makes market debut today

Shares of food delivery major Swiggy will make stock market debut on Wednesday following its ₹11,327 crore initial public offering (IPO), second biggest this year and sixth-largest to hit the domestic market.

NTPC Green Energy IPO eyes $12 bn Valuation

NTPC Green Energy Ltd is considering seeking a valuation of about $12 billion in what could be one of India's biggest initial public offerings (IPO) in the renewable energy industry, according to people familiar with the matter.

Sebi simplifies process for registration of certain FPIs

Abridged version of application form to be available in 3 months

11 of 17 Nifty sector indices in correction mode

As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.

Nifty falls to near 5-month low

Earnings disappointment and foreign outflows continue to weigh on markets

BITING THE BULLET

The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?