CATEGORIES

Hyundai targets 60% of sales from SUVs

Entry-level sport-utility vehicles, also known as micro-SUVs, such as Tata Punch and Hyundai Exter will garner a bigger share of the expanding Indian market for UVs with such vehicles set to comprise 20% of the total sales of compact or sub-4 metre SUVs by the end of this financial year, according to Hyundai Motor India.

Maran rejects settlement with SpiceJet, demands payment

Kalanithi Maran's Sun Group has ruled out the possibility of an amicable settlement with SpiceJet Ltd, insisting that the cash-strapped airline comply with the Supreme Court order to pay the *380 crore to it.

Centre weighs new regulatory framework for large startups

A panel may suggest additional compliance requirements for startups to boost governance

IBA seeks lower tax on fruit fizz drinks, sin goods delisting

Industry body Indian Beverage Association (IBA), which represents interests of the domestic beverage industry, has written to the government, seeking lower taxes on fruit-based fizzy drinks, as well as requesting the removal of such products from the “sin\" goods category.

'India tops Ericsson agenda; country to be future 5G hub'

India has been a top priority market for Swedish telecom gear manufacturer Ericsson with telecom service providers spearheading the fastest deployment of 5G networks, said Nunzio Mirtillo, senior vice president and head of South East Asia, Oceania and India, in an interview.

Sebi defends rules on opaque models, probe timelines before SC

Markets regulator Securities and Exchange Board of India (Sebi) on Monday defended its move to remove the prohibition of opaque structures provision pertaining to foreign portfolio investors (FPIs) before the Supreme Court (SC).

Claims from Future Lifestyle at ₹3.5k cr

Future Lifestyle Fashions Ltd (FLFL) has said claims worth ₹3,477.28 crore from as many as 17 financial creditors have been admitted in the ongoing Corporate Insolvency Resolution Process (CIRP).

InvAscent's 4th India health PE fund to push AUM towards $1 bn

Healthcare-focused private equity firm InvAscent has launched its fourth fund that could push its assets under management (AUM) close to the $1-billion mark, three people aware of the development said.

ChrysCap eyes hidden gems in smaller cos with new fund

Clarus Fund to invest primarily in publicly listed shares of small- and mid-cap companies

US weapons won't wean India off Russia

India's multi-billion-dollar purchases of US arms are less about shifting its reliance on Russian defence equipment and moving towards the West-it's more about developing its own domestic weapons industry, security officials and analysts say.

ONGC, RIL among bidders for oil and gas blocks

State-owned energy majors ONGC and Oil India Ltd along with Reliance-BP, Anil Agarwal-led Vedanta and Sun Petrochemicals Pvt Ltd have placed bids for exploring and producing oil and gas from 10 blocks in the eighth round of auctions under the open acreage licensing policy (OALP).

Improving revenue collection to figure in GST meet today

A string of changes to rules and procedures seeking to improve the efficiency of the goods and services tax system and to step up tax collections will be in focus at Tuesday's GST Council meeting, according to a person informed about discussions between Central and state governments.

Invesco poll finds India debt best among EMs

India is the top choice for debt investments among emerging markets (EMS) for sovereign wealth funds (SWFs) and central banks, a global survey by American fund manager Invesco Ltd has found.

Goenka, Chandra likely to move SC after SAT setback

Zee Entertainment Enterprises Ltd's (ZEEL's) managing director, Punit Goenka, and his father, Subhash Chandra, are likely to challenge the dismissal of their appeal by the Securities Appellate Tribunal (SAT) in the Supreme Court, people aware of the matter said.

Foxconn ends chip pact with Vedanta

Vedanta says it will go ahead with chip, display plans on its own

An upbeat report works best with clarity on risk

The finance ministry's annual economic review exudes optimism on India's economy this year but its sketchy look at important concerns and risks reduces its utility as a document

Mid-career women struggle without mentors

Study says empathy-based leadership helps women rise in their careers

Gov is a threat to TN's peace: Stalin

Governor R. N. Ravi \"instigates communal hatred\" and he is a \"threat\" to Tamil Nadu's peace, chief minister M. K. Stalin has conveyed to President Droupadi Murmu, the government said

Rivers in spate, 15 people dead as heavy rains lash north India

Waterlogging led to traffic woes with people wading through inundated roads in Delhi

Sudan faces 'full-scale civil war', says UN; air raid kills 22

Conflict-torn Sudan is on the brink of a \"full-scale civil war\" that could destabilise the entire region, the United Nations warned Sunday, after an air strike on a residential area killed around two dozen civilians

Iran-backed militia is setting up illegal outposts: Israeli officials

Israel says Hezbollah, an Iranian-backed militia in southern Lebanon, has set up more than two dozen military outposts along the countries' border in violation of international agreements, a development it says risks increasing confrontation

Yellen says US-China ties on 'surer footing' after her visit

Frictions between the two nations have tumbled into a tit-for-tat trade war, with both sides restricting exports

Airlines seek tech to curb emissions: Sita

Indian airlines are in discussions with aviation technology service provider Sita to adopt solutions for reducing carbon emissions and increasing fuel efficiency, said Sumesh Patel, president of Asia Pacific, Sita (Société Internationale de Télécommunications Aéronautiques), in an interview

IT firms to cut payouts as outlook weakens

The information technology (IT) industry is likely to offer muted variable payouts of 60-70% of the promised amount for the June quarter, with top performers getting as much as 80%, as IT companies focus on saving costs amid a weakening revenue outlook and reduced employee turnover

Bajaj Auto seeks RBI nod for new NBFC as Bajaj Fin diversifies

Two and three-wheeler maker Bajaj Auto Ltd said it is setting up a wholly-owned subsidiary, Bajaj Auto Consumer Finance Ltd, and has applied to the Reserve Bank of India for a non-banking financial company (NBFC) licence

FPIs remain bullish on Indian equities

Foreign portfolio investors (FPIs) continue their liking for Indian equities with a net infusion of nearly ₹22,000 crore in the first week of this month due to resilience of the domestic economy amid an uncertain global macro backdrop

Ant to buy back shares at 70% lower valuation than IPO

Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and provide a chance to cut stakes for investors ensnared by a years-long regulatory crackdown at the company

Founders will also be measured on GQ'

Founders of startups will also be measured on governance quotient in addition to intelligence quotient and emotional quotient, boAt co-founder and CMO Aman Gupta said on Saturday

'India has fewer high-quality deals relative to fund supply'

Zephyr Peacock India, a growth capital investor that has backed firms such as Ripplr, MPower Financing, and 20Cube Logistics, is looking to float its fourth India-focused fund by December-end

Russia oil discount to India shrinks to $4; delivery charges still opaque

The steep discounts on Russian crude oil that India has gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said