CATEGORIES

Rahul Gandhi fails to win HC relief in Modi surname case

The Gujarat high court did not grant interim suspension on Congress leader Rahul Gandhi conviction in a criminal defamation case over his “Modi surname\" remark in which he was sentenced to two years in jail by a Surat court.

Bajaj Auto e-scooter may get swappable, removable battery

Bajaj Auto, one of India’s top two-wheeler makers, is working on removable and swappable battery variants of its premium electric scooter, Chetak.

Tata Steel Q4 profit dips 84% as Europe drags, prices cool

Steel prices had risen sharply in Q4 last fiscal year after the outbreak of Russia-Ukraine war

Air India pilots resist contracts that cut pay

Tensions mount between pilots and Air India mgmt amid contract dispute

For private banks, it's still a hazy picture on corp credit

Indian private lenders have painted contrasting pictures of the state of corporate loan demand and pricing of risk for the March quarter of the previous fiscal year, with some saying private capital expenditure is back, while others see muted activity.

'ADB may consider issuing rupee bonds if market improves'

The Asian Development Bank may consider issuing rupee-denominated bonds if market conditions improve and there is demand for such issuances, president Masatsugu Asakawa said.

Windfall tax on crude oil slashed by 36% on easing global oil prices

The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday cut the windfall tax on crude oil production by about 36% to 4,100 a tonne amid softening global oil prices.

HZL bid for Vedanta zinc assets lapses

Hindustan Zinc Ltd's proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders' approval within the stipulated time limit, said two government sources.

Why Street is miffed with GCPL's new deal

Shares of Godrej Consumer Products Ltd (GCPL) gained nearly 2% on Tuesday, but that wasn’t enough to recoup last week’s losses.

BharatPe buys 51% in Trillion Loans to expand credit biz

BharatPe Group, the Sequoia Capital and Tiger Global-backed fintech unicorn, has finalized its acquisition of a majority stake in Mumbai-based nonbank lender Trillion Loans, the company said on Tuesday.

Government likely to send expert team to probe Ludhiana gas leak

The union health ministry is likely to send a team of experts from the National Centre for Disease Control (NCDC) to investigate the Ludhiana gas leak that claimed the lives of 11 people. Nine others were hospitalized following the 30 April incident.

India's economic growth is resilient this fiscal, says IMF

India’s economic growth in the current financial year is resilient and, together with the recovery in China, will power a 4.6% growth in Asia, up from 3.8% in the year before, the International Monetary Fund said in its regional economic outlook.

Impact of Korean goods is etched in Indian minds: FM

Sitharaman asks ADB chief to support India with more concessional climate finance

Delhi low on spirits even as G20 nears

Six months after the Delhi government reverted its alcohol policy to a system operated by state vendors, supplies of popular alcohol brands are running low, a critical challenge ahead of G20 meetings and ICC World Cup cricket matches that are set to attract global audiences.

Govt eyes model realty contract

The government plans to develop a model contract for real estate transactions that aims to standardize sale agreements, narrow expectation gaps, and boost transparency, allowing consumers to make informed decisions, Union consumer affairs secretary Rohit Kumar Singh said.

Investors in Adani refuse owner info

Some foreign funds invested in Adani group companies have declined to identify their beneficial owners, citing client confidentiality and foreign privacy laws, two people aware of the matter said.

RBI fattens gold reserves as it braces for global uncertainty

The Reserve Bank of India (RBI) acquired about 10 tonnes of gold in the March quarter, placing it among the top five gold buyers in that period as central banks seek to diversify their reserves amid economic uncertainties, according to bullion market experts.

Engine troubles stall Go First's flight path

Airline files for bankruptcy amid ‘ever-increasing’ engine issues

Delhi airport to get full-body scanners, X-ray gear by Dec

Passengers flying out of the Delhi airport from January onwards are expected to face less congestion inside the terminal as the airport has decided to install five full-body scanners and high-end X-ray machines by this year-end.

OTTs struggle in telco partnerships despite revenue, reach

Telecom partnerships, which generate 50-70% of overall revenues of OTT platforms, have failed to live up to expectations amid subscription pressure.

Physics Wallah starts 50 new centres

Edtech firm Physics Wallah has rolled out 50 offline centres, which it brands as \"Vidyapeeth Centers\", with an investment of around ₹82 crore in technologies at these new units, a senior company official said on Monday.

'Nars stores to open by Sep'

Shoppers Stop Ltd plans to open standalone stores for premium beauty brand Nars Cosmetics by August-September, a top company executive said, after the department store chain partnered Japan's Shiseido earlier this year to bring the brand to India.

NDTV net profit drops 98% in Q4 as advertising demand weakens

Indian broadcaster Delhi Television (NDTV), part of the embattled Adani Group, posted a 97.6% plunge in quarterly profit on Monday due to weak advertising demand.

Electric scooter cos to refund charger cost to customers

India’s top four electric two-wheeler makers Ather Energy, TVS Motor Company, Ola Electric and Hero MotoCorp Ltd plan to refund customers for the chargers they shipped along with their e-scooters, invoiced above and beyond the cost of the vehicles, in order to qualify for government incentives that have been delayed for more than two months, people familiar with the matter said.

Cars stream out of factories, but not all find takers in April

At Maruti, enquiries for new products grew 7% in April, but bookings were below normal

Adani probe widens as Sebi checks bank a/cs

Regulator to scrutinize Adani entities' bank statements for 10-year period

On May Day, workers rally for better labour conditions

President Emmanuel Macron's pension bill unleashed France's biggest protests in years

Kotak Mahindra Bank may find it tough to maintain Q4 margin

Kotak Mahindra Bank saw healthy growth in March quarter (Q4FY23) net profit driven by expansion in net interest margin (NIM) and lower operating costs. Standalone net profit increased by 26% year-on-year (y-o-y) to around ₹3,500 crore.

Savour mfg PMI with a pinch of salt

The April manufacturing Purchasing Managers’ Index (PMI) survey brings good tidings. The month saw increased momentum in business activity by Indian manufacturers.

Foldable handsets ring in new era of premiumization

Amid muted demand for smartphones in India due to the global economic downturn, manufacturers are increasingly introducing foldable devices, despite the country’s preference for budget and mid-range handsets.