CATEGORIES

Low-cost growth is edtech's new winning formula, not high burn, says Lightspeed

THE EDTECH SECTOR is adopting a new mantra for success—efficient customer acquisition over high marketing spends.

Markets log worst week

WHILE THE SENSEX plunged 4,091.53 points or 4.98% in the week, the Nifty fell 1,180.80 points or 4.77%.

HC clears path for Adani to redevelop Dharavi

THE BOMBAY HIGH Court on Friday cleared the decks for redevelopment of Dharavi slums as it upheld the tender awarded to the Adani Group for the project by the Maharashtra government, ruling there was no \"arbitrariness, unreasonableness or perversity\" in the decision.

CCI approves UltraTech-India Cements deal

CCI approves UltraTech-India Cements deal

Accenture's Q1 earnings give IT companies a byte of hope

● Nasdaq-listed IT services major raises FY25 revenue growth forecast to 4-7%

Local players may miss out on smartphone PLI

DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26.

Bajaj unveils e-Chetak variants, prices start at ₹1.2L

BAJAJ AUTO on Friday launched a new Chetak platform, the 35 Series, with two variants: the Chetak 3501 priced ₹1.27 lakh, and the Chetak 3502 priced ₹1.2 lakh, ex-showroom.

Local players may miss out on smartphone PLI

DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26.

Accenture's Q1 earnings give IT companies a byte of hope

Nasdaq-listed IT services major raises FY25 revenue growth forecast to 4-7%

Delivery booster: Q-comm firms add medicines to cart

● Medinos, Medstown lead charge in quick delivery revolution

Zoomcar takes on Uber, Ola with new cab-hailing service

NASDAQ-LISTED CAR-sharing platform Zoomcar has entered the competitive cab-hailing market in Bengaluru with the launch of Zoomcar Cabs, a move seen to challenge industry majors like Uber, Ola, and newer players like Namma Yatri and Shoffr.

PNB officers' federation alleges tax discrimination

ALL INDIA PUNJAB National Bank Officers' Federation (AIPNBOF) has filed a writ petition in the Madras High Court against Punjab National Bank (PNB) alleging discrimination on the issue of perquisite tax on lease of houses.

Govt hikes copra MSP by up to ₹420 to ₹12,100 a quintal

THE GOVERNMENT ON Friday announced an increase in the minimum support price (MSP) for copra by up to ₹420 to ₹12,100 per quintal for 2025 with a budget outlay of ₹855 crore.

Probe into duty on steel items begins

The DGTR has given 15 days to exporters, importers and users in India to file their response for the investigation

CPSE net profits up 47% in FY24

● Petroleum firms boost earnings; m-cap up 121%

India likely to step up imports of pulses and edible oils from Brazil

● Tie-up on the cards for raising milk production

Govt signs ₹7,628 cr pact with L&T for Vajra guns

THE DEFENCE MINISTRY on Friday sealed a contract with Larsen & Toubro for procurement of K9 Vajra artillery guns for the Indian Army at a total cost of ₹7,628 crore that is expected to significantly bolster the force's strike capability.

States seek larger capex loans from Centre

Sitharaman urged to hike states' borrowing limits

Realtors body asks FM to review 18% GST on floor space index

CREDAI (Confederation of Real Estate Developers Association of India) on Friday urged the central government to reconsider the proposition of charging 18% GST on FSI/ additional FSI charges paid to local authorities for real estate projects.

GST Council to undertake massive rates rejig today

● Fitment committee recommends tax cuts for fortified rice kernels; UVs may attract 22% cess

Goyal for integration of industry and govt to boost logistics sector

COMMERCE AND INDUSTRY minister Piyush Goyal on Friday called for a complete integration of industry stakeholders with government platforms to improve efficiency of the logistics sector.

Bihar gets record ₹1.81 lakh crore investment; Adani, IOC big draws

ADANI GROUP, SUN Petrochemicals and a host of other companies—big and small—on Friday committed to investing a record ₹1.81 lakh crore in Bihar, across sectors ranging from renewable energy to cement, food processing and manufacturing.

House panel calls for cautious approach given geopolitical uncertainties

House panel calls for cautious approach given geopolitical uncertainties

India raises issue of non-tariff barriers with EU

INDIA HAS SAID that the non-tariff barriers are impeding trade with the European Union and has called for addressing the long-pending issues as a confidence building measure.

EU escalates pressure on Apple to open up features to rival firms

CHANGING DYNAMICS OF WEARABLES INDUSTRY

EU escalates pressure on Apple to open up features to rival firms

THE EU's EUROPEAN Commission has pressed Apple Inc. to further open up the iPhone operating system to rivals, prompting the company to complain about requests from Meta Platforms Inc. that it says will undermine privacy.

Bollywood's investments in startups decrease sharply to $3.6 mn in 2024

INVESTMENTS BY BOLLYWOOD celebrities in startups came down sharply in the current calendar year to $3.6 million against $28.5 million last year, data shared by Tracxn showed.

Apple concedes smartwatch market leadership to Huawei

CHANGING DYNAMICS OF WEARABLES INDUSTRY

India-Pak ICC matches at neutral venues

THE DEADLOCK OVER the hosting of next year's Champions Trophy finally ended on Thursday when the ICC announced that India will play their matches of the 50-over event at a neutral venue instead of host country Pakistan, which will get a similar arrangement for tournaments to be held in India till 2027.

PSU majors commit big investments in Bihar summit

The Bihar Business Connect 2024 summit evinced huge corporate response on Thursday with some top state-run firms making major investment announcements, including a plan to establish a maiden nuclear power project in the state.