CATEGORIES

Shein returns to India in tie-up with Rel Retail

Shein is set to re-enter India as soon as this month by partnering with one of the country's largest retail businesses, according to people familiar with the matter, in a bid to tap India's growing consumer market and diversify its China-centric supply chain.

IndiGo posts record profit for Q4 as air travel booms

InterGlobe Aviation Ltd, which operates India’s largest airline IndiGo, on Thursday reported profit of ₹919.2 crore, a record for the March quarter, as air travel boomed.

A dozen insurance permits up for grabs

Insurance regulator reviewing 20 applications for licences

Hot Summers, Hotter Prices: How Inflation Is Impacting You

The advent of summer coincides with the mango season in India, and as climate change continues to drive temperatures up, the price of India’s beloved fruit is also going up.

Luxury Car Sales May Grow 15% In 2023: Audi

Audi India sales rose to 1,950 cars in the first three months of 2023

RBI Allows SBI Funds To Buy Up To 9.99% Stake In HDFC Bank

The Reserve Bank of India (RBI) has approved asset management company SBI Funds Management Ltd's (SBIFML) proposal to acquire up to 9.99% stake in HDFC Bank, the lender said in a regulatory filing on Wednesday.

Japan to host Quad leaders as Biden shortens Asia visit

Biden has invited Australian PM Anthony Albanese to Washington for an official state visit

JSL expects volumes to grow by 20% this fiscal

Rise in domestic demand, withdrawal of export restrictions to drive growth

Play Store policy breaches to face action

Google Inc. is set to initiate strict action against Indian apps that fail to comply with its billing policies on Play Store.

Pricol files objection with CCI to resist Uno Minda's takeover bid

Pricol, a Coimbatore-based driver information systems maker, has filed an objection with the competition regulator to block Uno Minda's move to buy up to 24.5% in the company, Pricol told stock exchanges on Wednesday.

Electric two-wheelers set to get less subsidy

Incentive per vehicle will also be capped at 15% of the ex-factory price

Goldman ESG funds cut stake in Adani cos

The investment arm of Goldman Sachs Group Inc. dramatically reduced its exposure to the Adani Group in its ESG portfolios in the weeks following allegations of fraud against the conglomerate by short-seller Hindenburg Research.

Bharti Airtel maintains Arpu in Q4, but needs a tariff hike

Bharti Airtel Ltd's March quarter (Q4FY23) results were decent. Consolidated revenue at 36,009 crore was up 14% year-on-year.

Epigamia shelves sale of inflation-hit yoghurt business

Indian yoghurt maker Epigamia, backed by French dairy giant Danone, has shelved plans to sell its inflation-hit business and is now looking to expand to new markets, its chief executive officer said in an interview.

Indian tariffs are not aimed at developed countries: Goyal

Developed countries have been impacted inadvertently by some Indian tariffs, commerce minister Piyush Goyal clarified in Brussels as he defended New Delhi's ICT tariffs that are the subject of a dispute with the EU.

Credit card used abroad to count as foreign remittance

The finance ministry has included use of credit resident within the $250,000 limit that an individual is allowed to remit abroad in a year under the liberalised remittance scheme (LRS), showed an official order.

Fertilizer sops to overshoot budget outlay by ₹50,000 cr

Cabinet clears the decks for subsidy of 1.08 trillion for 2023-24 kharif season

Govt purchases of rabi onion to start this week after delay

Procurement of rabi onion, which was supposed to begin from the second half of April, is likely to kick off this week, a delay attributed to the availability of inferior-quality rabi onion due to unseasonal rainfall and hailstorm during the harvesting season, according to two government officials.

India defends oil exports post EU's Russian fuel call

India’s External Affairs Minister S Jaishankar hit back on the European Union foreign policy chief Josep Borrell’s call for action on imports of Indian-refined oil with Russian origins.

Govt makes renewed push to boost hardware manufacturing

The Union cabinet on Wednesday approved a six-year production-linked incentive (PLI) scheme for IT hardware, including laptops, tablets, personal computers, servers and edge computing devices, with an outlay of ₹17,000 crore.

Ministry seeks ₹2.5K cr more to back exporters

The commerce ministry has sought an additional ₹2,500 crore to settle arrears related to its interest rate equalization scheme that aims to alleviate stress among exporters by compensating them for a portion of the interest they pay on loans.

SP, Hinduja group chairman, family patriarch, dies at 87

Srichand Parmanand Hinduja, (SP) chairman of the $70 billion Hinduja Group, who was deemed to be the family patriarch as eldest among the four Hinduja brothers, and a man whose life across India, Iran and the UK was dotted with success, controversy and tragedy, died in London on Wednesday after a prolonged illness. He was 87.

Sebi gets time till 14 Aug to complete Adani probe

SC calls for report on allegations of breach in minimum public shareholding

Vodafone to cut 11,000 jobs

The job cuts are the biggest in the history of Vodafone, which employs 90,000 people directly across Europe & Africa

IMD predicts monsoon onset on 4 June, Skymet sees 7 June

Crucial southwest rainfall starts its journey from the Kerala coast normally on 1 June

PESB fails to select suitable candidate for top role at IOC

Government headhunter PESB on Tuesday did not make any recommendation for the next chairman of India's largest oil company, Indian Oil Corporation (IOC), after interviewing 10 candidates including Chennai Petroleum Corporation Ltd (CPCL) managing director Arvind Kumar.

Airtel's net profit soars 49% in March qtr

Telecom operator Bharti Airtel on Tuesday posted a 49.2% jump in its consolidated net profit to ₹3,005.6 crore for the January-March quarter of 2022-23 on the back of new 4G customers and strong growth in average revenue per user (Arpu). The company had recorded a net profit of ₹2,007.8 crore in the same period a year ago.

Future Retail's related party operational dues nearly 25%

Future Retail has received claims worth ₹9,306 crore from operational creditors under IBC

WhatsApp to remove mobile nos used for fraud: Vaishnaw

Centre is also in conversations with other messaging platforms to remove fraudulent users

Inox Air plans to tap markets for green hydrogen business

Inox Air Products Ltd, India’s largest manufacturer of industrial and medical gases, plans to tap the equity market to finance an expansion into green hydrogen, a top executive said.