CATEGORIES

Professionals under the scanner for unethical conduct

The ministry of corporate affairs has taken a serious view of professionals who help companies incorporate by falsely certifying they have visited the premises of the intended registered office.

India unmoved by China LAC narrative

As the military standoff on the Line of Actual Control (LAC) enters its fourth year, India is in no mood to acquiesce to China’s recent efforts to promote a narrative that the situation in the Ladakh sector is stable and moving toward “normalised management\", people familiar with the matter said.

Gas prices up for industry, lower for hotels, unchanged for homes

The price of domestically produced natural gas has been set at $8.27 per metric million British thermal units (mmBtu) for May, up from $7.92 in April, the Petroleum Planning and Analysis Cell said.

Exports to UAE may hit a record $50 bn in 4 years

India’s exports to the UAE are expected to touch a record $50 billion by 2026-27 from $31.8 billion in 2022-33 amid a rise in the number of certificates of origin (COO) exactly a year after the implementation of a free trade deal.

India's manufacturing PMI hits 4-month high in April

PMI has remained above 50 for 22 months on the trot, signalling continued expansion

China builds 'black box' around economy

China’s party-state, long steeped in secrecy, is creating a black box around information on the world’s second-largest economy, alarming global businesses and investors.

₹2 tn recovery target for PSBs

India’s state-run banks face a stiff loan recovery target for this fiscal year: The finance ministry wants them to recover at least ₹2 trillion from the loans they have written off over the years, using all available avenues.

I Squared, Hinduja eye Fourth Partner

I Squared Capital and Hinduja Renewables Energy Pvt. Ltd are the remaining contenders vying to acquire TPG Capital’s majority stake in Hyderabad-based Fourth Partner Energy Pvt. Ltd at an equity value of about $350 million, two people aware of the development said.

First Republic Bank seized, JPMorgan to acquire assets

JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to rest one of the biggest troubled banks remaining after turmoil engulfed the industry in March.

April kicks off with record ₹1.87 tn GST

India also reports highest single-day collection at ₹68,228 cr

BJP has plenty at stake in Karnataka elections

A victory could set its momentum for other state polls and expansion in the south, which remains a challenge. But it needs anti-incumbency to get trumped by opposition disunity

Is the amount gifted by your spouse taxable?

The definition of the word ‘relative’ for the said purpose includes spouse of the individual.

Poisonous gas kills eleven in Ludhiana

Eleven people, including three children, died allegedly after inhaling toxic gas in Ludhiana's thickly-populated Giaspura area on Sunday, with authorities suspecting that dumping of some chemicals in the sewer led to the noxious emission.

Modi, Biden to meet Pacific Islands' heads

US president Joe Biden and Prime Minister Narendra Modi will join Pacific Islands leaders next month for a \"historic\" future-oriented meeting, Papua New Guinea prime minister James Marape said on Sunday.

Rising prices, volumes may propel earnings recovery for steel makers

The strong steel demand in the domestic market is likely to support the performance of steel manufacturers during the March quarter.

'Maruti remains vulnerable to supply side bottlenecks'

Maruti Suzuki India remains \"vulnerable to supply side bottle-necks\" this fiscal even as it looks to source electronic components through multiple sources, according to a senior company official.

Reliance-BP, Nayara begin selling fuel at market rates

The move comes after a fall in global oil prices cut losses, people aware of the matter said

Macro data, Q4 show, Fed to drive markets

The US Federal Reserve's interest rate decision, corporates and domestic macroeconomic data will influence trading in the equity market in a holiday-shortened week ahead, analysts said.

FPI buying hits 4-month high; markets poised to rally more

Foreign portfolio investors (FPIs) bought Indian shares worth ₹11,631 crore in April, the highest in four months, with sectors like financial services, automobiles, IT and capital goods attracting bulk of the inflows in the first half of the month.

Chinese splash on travel, food in Ist long holiday after covid curbs

China's tourism and consumer activities rose sharply on the first day of the five-day Labour Day holiday, as residents rushed to travel and spend after three years of covid restrictions finally ended.

Pharma foray gives a booster shot to PI Ind; Q4 earnings in focus

Shares of PI Industries Ltd surged 10.15% on Friday, as the company marked its much-awaited foray into the pharmaceutical sector with its latest set of acquisitions.

UltraTech's valuation may get volume push

UltraTech Cement Ltd clocked robust consolidated sales volume growth of about 15% year-on-year (y-o-y) in the March quarter (Q4FY23) at 31.7 million tonnes (mt), with domestic sales at 30.5mt.

Ecuador, Nigeria, Panama tap India for generic medicine schemes

Ecuador, Panama and Nigeria are among countries that are in talks with India to make affordable generic medicines available to their citizens through a scheme similar to the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP).

'Centre will step in if traders hoard pulses and prices rise"

Prices of wholesale tur have declined nearly 3% after govt formed a panel to monitor stocks

Bill shock ahead on imports, transport

Costlier imported coal, rail-ship-rail transport to inflate costs

Carmakers hit the gas with 81 new model launches this year

Indian carmakers are revving up for a bumper year of launches, buoyed by record sales in the year before.

US Fed confronts mistakes as hiking cycle nears end

As the world’s major central banks near the end of their steepest rate-tightening campaign in decades, the harsh lessons of past policy errors will weigh heavily on decisions as to when and where borrowing costs peak.

Kerala gratuity order to cause irreparable loss: HDFC Bank

India’s largest private lender HDFC Bank Ltd has told a labour appellate authority in Kerala that a recent order to pay higher gratuity to a former employee would cause “irreparable loss, harm and damages\" that cannot be quantified.

Reliance teams up with Murali's Ceylon Beverage

Reliance Consumer Products Ltd has signed up former cricketer Muttiah Muralitharan’s Ceylon Beverage International as the contract packaging partner for the Campa Cola beverage brand’s canning operations.

Tweaks to speed up DRT process soon

In an effort to expedite the resolution of pending cases in Debts Recovery Tribunals (DRTs), the government is considering amendments to rules, including removing the clause requiring borrower approval when banks decide to withdraw debt recovery proceedings.