'India offers huge opportunity, economic trajectory fantastic'

India offers a \"huge opportunity\" for Infosys, CEO Salil Parekh said, noting that the country's \"fantastic\" economic trajectory has set it apart from the rest of the world.

Decline in loan to deposits ratios in bks due to lower money creation by RBI: Nomura

The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by the Reserve Bank of India (RBI) and higher profits accrued by banks over the past two years, according to Nomura report.

Capitalmind gets Sebi's in-principle nod to launch MF

Investment company management Capitalmind Financial Services on Monday said it has received in-principle approval from market regulator Sebi to launch a mutual fund business.

InterGlobe forays into Europe, opens boutique lifestyle Miiro Hotels in Paris, Barcelona

InterGlobe Enterprises, the biggest shareholder of IndiGo airline, has opened its boutique lifestyle hotel Miiro in Paris and Barcelona and is looking to add more properties in Europe over the next couple of years, a top official said.

Over 23L govt employees under NPS get option to choose UPS

The just-announced Unified Pension Scheme for central government employees will be available only for those who are currently subscribers of the New Pension Scheme (NPS), including retirees.

Medi Assist to acquire Paramount Health

Healthcare Medi Assist Services, which offers third-party administration services to insurance firms, on Monday said it will fully acquire Paramount Health Services & Insurance TPA at an enterprise value of Rs 311.8 crore.

RBI may cut rates in 2024 only if food prices decline: IMF Salgado

There is a case for the Reserve Bank of India's Monetary Policy Committee to cut interest rates in the current calendar year only if food inflation comes down faster than expected, according to Ranil Salgado, senior resident representative to India, International Monetary Fund.

PhonePe Group posts ₹197 cr profit for FY24

PhonePe Walmart-backed Group on Monday reported a consolidated net profit, excluding ESOP costs, of Rs 197 crore for fiscal year 202324.

Vedanta readies 30K-cr war chest to pursue further deleveraging, growth

Anil Agarwal-led Vedanta Ltd has prepared a war chest of Rs 30,000 crore with recent funds raised through a qualified institutional placement (QIP), offer for sale (OFS) and dividend to pursue further deleveraging and growth, sources said.

Tata Group to hire 4K women from U’khand at TN, K’taka plants

Tata Group will give jobs to 4,000 from Uttarakhand at its plants in Tamil Nadu and Karnataka.

Is the cement sector headed for a crisis?

Typically, the summer season is favourable for the cement industry, with increased demand from housing construction and infrastructure projects.

GDP growth to decline to 7.1% for June qtr: SBI economists

As per our Nowcasting Model', the forecasted GDP growth for Q1 FY25 would be 7.0-7.1%, and GVA is at 6.76.8% with a down-

GST taxpayers without valid bank a/c to be barred from filing GSTR-1 from Sep 1

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory.

RBI to launch ULI for smooth flow of credit

Buoyed by the success of digitalisation of financial services, the Reserve Bank will be launching Unified Lending Interface (ULI), a platform to ensure frictionless flow of credit, especially for smaller and rural borrowers.

India adds record 15 GW solar capacity in Jan-Jun: Report

As of June 2024, India's cumulative installed solar capacity stood at 87.2 GW

Gilts end in green; US yields fall as Fed Powell signals rate cuts

Government bond prices ended higher on Monday due to a fall in US Treasury yields following Federal Reserve Chair Jerome Powell's comments that it was time to ease interest rates, dealers said.

Mkts extend winning run on US Fed rate cut hopes

INTENSE BUYING | Sensex rises by 612 pts, Nifty crosses 25,000

Sebi issues notice to Paytm on ESOPs given to CEO Sharma

Firm says no new SEBI notice, disclosure already made

Modi stole focus from Badlapur

LAKHPATI DIDI | The participation of two and a half lakh women exceeded the administration's expected crowd of a lakh women

Janmashtami celebrated

The Sri Sri Radha Madangopal Temple of ISKCON in Nashik came alive with devotion and festivity as the city celebrated the auspicious occasion of Janmashtami.

Jayakwadi Dam is filled upto 41.44% of capacity

The Jayakwadi dam has filled up to 41.44% now due to the heavy rainfall in the Nathsagar catchment and surrounding areas.

Transporters warn abandoning trucks

Many vehicles have been stuck due to ongoing agitation on the Maharashtra-Gujarat State Highway over the last few days.

Residents pass through sewage

Residents of Bhimnagar, Bhavsinghpura, face severe inconvenience as the drainage line in this area is frequently choked up. The sewage water often flows on the road and the residents have to pass through the dirty water.

BJP and Shiv Sena (UBT) clash

STREET BATTLE | The BJP staged a protest against Thackeray at a Jalna hotel

Heavy rainfall cause flooding in Nashik

Due to heavy rains for the last two to three days in various parts of the district, including Nashik city, rivers and canals are seen overflowing.

PBG distributes over lk helmets

To promote road safety and responsible driving among bike riders in Pune, the Punit Balan Group (PBG) organised a four-day helmet distribution and traffic awareness campaign from Aug 21 to 24.

HC restrains eatery's 'Burger King' name

In an interim order, the Bombay High Court on Monday restrained a Punebased eatery from using the name \"Burger King\" till Sep 6 while hearing a plea by U.S.based fast-food giant Burger King Corporation (BKC), which accused the former of trademark infringement.

Name Pune Int'l Airport after Tukaram Maharaj: MP Mohol

Union Minister of State for Civil Aviation and Cooperation Murlidhar Mohol took to X (formerly Twitter) late on Sunday to announce that he met Maharashtra Chief Minister Eknath Shinde and Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, demanding that Pune International Airport be named after Sant Tukaram Maharaj.

BJP's Mulik slams NCP's Tingre

FISSURES IN MAHAYUTI | The controversy erupted over the absence of Eknath Shinde's and Devendra Fadnavis's pictures from the posters put up by NCP

NCP (SP) demands Fadnavis's resignation over attack on cop

PUNE In the wake of the attack on a policeman with a sickle (koyta) in Pune, the Nationalist Congress Party (Sharadchandra Pawar faction) staged a protest on Monday, demanding the resignation of Deputy Chief Minister Devendra Fadnavis, who is also the state's home minister, claiming that the law and order situation in the city has deteriorated.