CATEGORIES

Stake sale reports speculative: Cipla's Hamied

Yusuf Khwaja Hamied, chairman of Cipla, called all reports of stake sales by the promoters as “speculative\".

New UPI features to deepen digital banking

RBI proposes higher limit for small-value offline digital payments to ₹500

Tata Motors clears key step for mfg incentive

ARAI certificate on value addition makes Tiago EV maker eligible for PLI

Krafton earmarks $150 mn more for India gaming cos

South Korean gaming company Krafton, Inc., which has invested in Indian entertainment and gaming startups like Kuku FM, Nodwin Gaming, One Impression, Loco, and Nautilus Mobile, has earmarked an additional $150 million to invest in Indian companies over the next two to three years.

Ola revenue up 2X in FY22; losses widen as costs rise

Recovery in travel demand aided growth, but revenue still behind pre-covid levels

'China dumping fibre ahead of upcoming quality control order'

The textile industry is concerned that Chinese exporters are dumping cheap fibre and polyester in India ahead of the implementation of a quality control order (QCO) on a range of textile input materials, Brij Mohan Sharma, joint managing director, Rajasthan Spinning & Weaving Mills said.

GSI told to focus on critical minerals

The government has returned to its prime mineral exploration agency Geological Survey of India (GSI) with a mission to look for strategic critical minerals fearing private players may stay away from exploration rights owing to the complexity of the task.

Disney+ Hotstar sees user exodus as IPL rights end

The loss of Indian Premier League (IPL) streaming rights blew a hole in the subscriber base of Disney+ Hotstar in the June quarter, with 12.5 million users choosing not to renew their subscriptions. Walt Disney Co. said the subscriber base at its video streaming platform shrank 24% from 52.9 million to 40.4 million, the sharpest fall in any quarter yet.

Actis to buy Patel Infra's 5 roads for around $91 mn

Private equity (PE) firm Actis Llp has agreed to acquire five hybrid annuity model (HAM) road projects from Patel Infrastructure Ltd at an equity value of around $91 million, two people aware of the development said.

Sitharaman vows action to tackle food inflation concerns

Substantial efforts are being made to tame food inflation, with more measures in the pipeline, finance minister Nirmala Sitharaman assured parliamentarians on Thursday. She drew a contrast between India's promising economic prospects and challenges of high inflation, and slow growth in the West and China's struggle with declining consumer demand.

Maharaja steps back as Air India takes flight with The Vista logo

Air India, now owned by the Tata group, unveiled a logo and aircraft livery to create a new brand image, moving away from the iconic Maharaja theme associated with its past as a state carrier.

Predictable pause, and a CRR surprise

Rates on hold; 10% incremental CRR to suck ₹1 tn out of market

'Before Overseas MBBS, Check If You Will Pass Local Exam'

The National Medical Commission (NMC) has warned Indian students that foreign medical universities are following curricula and training programmes which are not in consonance with Indian medical standards.

Why Fund Managers Are Wary Of New ESG Categories

AMCS worry it will lead to overlap in schemes, hurt fund managers' discretion to select stocks

Theatres Get Ready For An Action-Packed Holiday Weekend

Cinema owners are gearing up to capitalize on the recent theatrical resurgence during the upcoming extended weekend, which coincides with the Independence Day celebrations.

How Fraudulent Claims Hit Insurers... And You

If what stakeholders say is true, the industry could be losing a billion dollars to health insurance fraud

The global impact of policy calls may affect our rupee ambitions

Limited fiscal headroom and ideological signals of trade policy could get in the way of efforts to globalize India's currency

Explicit RBI guidance is not necessarily useful

An RBI paper found that clarity of communication works well as a central bank tool when policy rates are low, but needn't when they go higher. Too little ambiguity may even be risky

US sees scramble for $53 bn chip fund plan

More than 460 companies have expressed interest in subsidy funding

E-comm order volumes jump 26% in FY23, tier-1 cities lead

Tier-1 cities led the growth in e-commerce volumes in fiscal 2023 as work from office resumed after two years of pandemic-led restrictions, e-commerce enablement SaaS platform Unicommerce said in its annual trends report released Wednesday.

ASCI tightens endorsement guidelines as violations soar

Guidelines to cover celebs with 500,000 followers or earning ₹40 lakh annually from ads

'Shift to luxury cars will gain pace as EV market matures'

Mercedes Benz India plans to launch 3-4 more EVs in the country within 12-18 months

Cabinet okays GST changes to betting on online games

The Union cabinet on Wednesday cleared legislative changes needed to implement the GST Council’s decision to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos and horse races, three people familiar with the development said.

Ant deal revives question on Sharma's position at Paytm

Advisory firm IiAS believes founder wields promoter-like influence through a trust

L&T eyes green energy, plans to sell non-core biz as Naik exits

I am leaving, but I am still there,\" said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual general meeting (AGM) on Wednesday.

'Will work with industry on DPDP law'

The government will consult the industry before implementing the Digital Personal Data Protection (DPDP) bill to ensure a smooth rollout roadmap, minister of state for electronics and IT Rajeev Chandrasekhar said.

Parliament approves data protection bill

Vaishnaw said Centre has started work on the implementation of the bill

Tata Cap to raise ₹28,000 crore via debt to fund growth in FY24

Tata Capital plans to raise ₹28,000 crore ($3.38 billion) mainly through debt instruments and bank lines in the current financial year to fund its double-digit credit growth, a top executive at the non-banking finance company (NBFC) said.

Dark fibre case: SAT sets aside Sebi order on NSE, ex-officials

The Securities Appellate Tribunal (SAT) on Wednesday set aside a Securities and Exchange Board of India (Sebi) order from April 2019 that had directed the National Stock Exchange to disgorge ₹62.5 crore along with interest in the so-called dark fibre case. It also removed the Sebi restriction on Sampark Infotainment providing connectivity services to stock exchanges.

Large outflows hurt equity MFs in July

Net inflows into equity mutual funds, comprising both open-ended and closed-end schemes, fell to ₹7,505.32 crore in July from ₹8,244.8 crore in the previous month, showed data from the Association of Mutual Funds in India (Amfi).