CATEGORIES

IBC's resolution capacity has increased, but more needed'

The debt resolution capacity under Insolvency and Bankruptcy Code (IBC) should be stepped up by more than three fold to handle about 1,000 cases a year, said a senior government official

Inclusion of 65+ age in JE vax trial urged

A top government panel has recommended that Bharat Biotech Ltd conduct phase-3 trials of its Japanese encephalitis vaccine for people aged 65 and above, as the disease emerges as a key concern in India

'Canada's charges against India had poor credibility at UNGA'

The credibility of the Canadian government’s allegations made regarding India’s involvement in the killing of a pro-Khalistan leader remains poor, said US India Strategic Partnership Forum (USISPF) CEO Mukesh Aghi. Aghi, who was at the UN General Assembly session, said the noise around Canada’s allegations had largely died down

'GST order on online gaming hits one nation, one tax spirit'

'Unprecedented' for Centre to notify CGST changes before states could adopt tax rate: Experts

Streaming's small fish stay clear of original content rat race

While top video streaming operators invest heavily in creating original content, several smaller ones, both subscription video-on-demand operators such as Crunchyroll and MUBI and pay-per-view services like BookMyShow Stream, are pursuing a conservative approach, securing content only from third-party sources

ONGC may invest $20 bn to set up 2 petchem plants

Oil & Natural Gas Corp. Ltd (ONGC) is considering investing around $20 billion to set up two petrochemical projects in India, either independently or in partnerships with other companies, chairman and chief executive officer Arun Kumar Singh said

RBI may keep repo rate unchanged for 4th time

The Reserve Bank of India (RBI) is likely to maintain its monetary policy rates and stance for the fourth time in a row this week, economists polled by Mint said, amid elevated retail inflation and a hawkish US Federal Reserve

MEIL in talks to assemble BYD's EVs in India as JV plan sputters

Megha Engineering and Infrastructures Ltd (MEIL) is in talks to assemble the Atto 3 and e6 electric cars from China’s BYD Auto Co. Ltd in India, two people aware of the development said, at a time its $1 billion investment plan with the electric vehicle (EV) giant has stalled

GST collection hits ₹1.62 trillion in Sep

Central and state governments collected ₹1.62 trillion in goods and services tax (GST) in September, marking the fourth highest monthly collection since the inception of the indirect tax regime and a 10% annual growth from the year-ago period

Festive spirit drives record Sep car sales

Maruti, Hyundai, Mahindra report highest-ever monthly sales

Bharti-backed Eutelsat group lists on LSE

Bharti Enterprises backed satellite operator and services company Eutelsat group on Friday announced its listing on the London Stock Exchange (LSE) in the UK, the second country where the company's shares will be listed publicly

Zee merger delayed by a few months, says Sony

Japan's Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which had an initial deadline of September, would take a few more months to complete

'India to grow at 6.5% every year till 2030'

The Indian economy is poised to grow at an average of 6.5% annually between 2023 and 2030, chief economic adviser V Anantha Nageswaran said on Friday

ADB's reforms aim to unlock $100 bn

The Asian Development Bank (ADB) announced on Friday that it has approved reforms in capital management, that are likely to unlock about $100 billion additional funding capacity for the next decade to tackle major crises, including climate change, in Asia

JKC invests ₹100 cr more in Jet Airways, plans to fly in 2024

The Jalan Kalrock Consortium (JKC) on Friday said it has invested ₹100 crore more in Jet Airways (India) Ltd, completing its financial commitments to take charge of the airline it won in a bankruptcy auction over two years ago

Sebi order on CFMA plea to delay MCX shift to TCS

Sebi direction which followed complaint from Chennai body sparks volatility in MCX shares

India experiencing new momentum: Shah

The success of the G20 Summit and Chandrayaan-3 mission, the successful launch of the Aditya L-1 craft to study the sun, and the passage of the women's reservation bill in Parliament have filled the country with new energy and people are experiencing a new momentum, Union home minister Amit Shah said on Friday

True North sells 20% of Niva Bupa for ₹2,700 cr

Private equity fund True North on Friday said it sold a 20% stake in general insurer Niva Bupa to its partner Bupa of UK for around ₹2,700 crore, making the latter the biggest shareholder in the 15-year-old company

Vedanta to demerge biz into six firms

Billionaire Anil Agarwal’s Vedanta Group unveiled a complete overhaul of its Indian metals, mining, and energy conglomerate, Vedanta Ltd, involving the demerger of its businesses into six independent companies, with a plan to list five of them by FY25

E-tailers ready for festive showdown

Amazon, Flipkart expect a revival in discretionary spending

Air India set to boost efficiency on routes

Tata Group-owned Air India is expected to consolidate its presence and increase efficiency across 100plus routes, or over 50 origin-destination pairs, to fully utilize the group's network of four airlines

Tech firms nudge staffers back to offices

India's largest technology services firm Tata Consultancy Services (Ltd) has asked some of its teams to attend office five days a week, a move which may prompt rivals with a hybrid work model to follow suit

'No combining assets for liquidator fee'

The liquidators of insolvent companies cannot combine proceeds from asset sales with the company's liquid assets to calculate their fees, which results in excessive remuneration, according to an order by the Insolvency and Bankruptcy Board of India (IBBI), the authority responsible for bankruptcy rules

Staff crunch in retail, logistics as festive season nears

Retailers and logistics service providers are struggling to strike a balance between hiring contract workers to maximize festive season sales and reducing costs, amid efforts to boost last-mile connectivity after two quarters of muted sales

Infra sectors grow 12%, fiscal deficit at a 3rd of FY24 target

Robust core sector growth to prop up IIP for August; industrial recovery seen broad-based

Toyota Plans Third Car Plant In India, New SUV As Sales Spike

Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two persons aware of the development said

Meta Works To Comply With India's Data Protection Act

Ensuring compliance poses operational complications for Meta, says global affairs chief

Citadel Is Ready To Fight With SEC Over WhatsApp Probe

Citadel is preparing to push back against the WhatsApp probe by the Securities and Exchange Commission (SEC), taking a harder line than the almost two dozen banks that have paid hefty settlements over the past two years

A cozy but thin Agatha Christie adaptation

This Vishal Bhardwaj series gets in its own way with some whimsical choices

3 astronauts return after a year in space

A NASA astronaut and two Russian cosmo-nauts returned to Earth on Wednesday after being stuck in space for just over a year. American Frank Rubio set a record for the longest US spaceflight-a result of the extended stay