CATEGORIES

Spot airfares soar with Go First gone

Last-minute fares on some routes have surged nearly fivefold

Can A Performance-Based Fee Improve MF Outcomes?

The idea of performance fee in mutual funds is to align managers’ interest with investors If the new performance fee is in place, there is always a possibility of fund manager taking excessive risk

Equity Bulls Don't Have Much To Celebrate In A US Fed Pause

Forget past patterns as today’s economic circumstances are unique

Monarchy clashes with constitutional morality

Constitutional monarchy looks increasingly quaint. This weekend’s coronation in London of Charles III should remind us how glad we are to have left the Raj behind for a republic

THE EL NIÑO SHADOW OVER INDIAN AGRICULTURE

Will the climatic phenomenon end the run of good monsoons India has enjoyed over the past four years?

More ground left to cover, no pause in rate hike: ECB

The ECB said it expects to halt reinvestments under its Asset Purchase Program as of July

It's Akashvani now, Prasar Bharati drops AIR nomenclature

Public broadcaster Prasar Bharti has decided to drop references to its radio service as 'All India Radio' and substitute it with 'Akashvani', as mentioned in the law.

HDFC Q4 net rises 20%; revenue hits ₹16,679 cr

Pickup in individual loan disbursals shows economic momentum, says co

Adani Ent's quarterly profit doubles on airports business

Consolidated net profit of AEL, at ₹2,421 cr in FY23, missed analysts' estimate of ₹4,201 cr. Adani Enterprises Ltd (AEL), the flagship of the Adani Group, said quarterly net profit more than doubled to ₹780

April auto retail slows as two-wheelers drag

Passenger vehicle sales fall after nearly 3 quarters as price hikes pinch

Rate engine nears a pause signal

The rate hike was a unanimous decision of the Fed’s committee members and largely in line with market expectations. The next Fed meeting is on 13-14 June.

BluSmart raises $42 million

The company has raised $37 million in equity and $5 million in venture debt in this round, with nearly 50% of the funding being subscribed by BluSmart’s founders and leadership team.

FM seeks concessional climate finance

During her intervention at the business session of the Board of Governers at the ADB’s annual meeting, Sitharaman said the lender should adopt a “transformational approach” for sustainable and resilient regional development.

S. Jaishankar meets China, Russia peers

Pakistan’s foreign minister Bilawal Bhutto is also in India for the meeting. The SCO foreign ministers’ meeting will look to set the stage for the leaders’ level meeting in New Delhi in July.

Union govt takes reins of Manipur security

On Wednesday, thousands of tribals took out a solidarity march in the state’s 10 hill districts, where most of the tribal population resides, opposing a proposal to grant scheduled tribe status to the Meitei community, which makes up around 53% of Manipur’s population.

Airport, seaport, railway cos can now bid for road building

The move comes as the National Highway Authority of India (NHAI) and other road building agencies have lagged their highway-building targets for two years in a row.

G20 sets the cash registers ringing at hotels, travel cos

Top hotels and travel firms are licking their lips as a slew of G20 summits this year promises to attract throngs of visitors

'India is a bright spot for growth, aided by domestic consumption'

Gulveen Aulakh

India, Russia halt talks to settle trade in rupees

India and Russia have suspended efforts to settle their trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, several people with direct knowledge of the matter said.

India eyes Guyana's oil to meet demand

Long-term supply contracts offer stability amid volatile energy markets. Exxon Mobil, the leading oil producer in Guyana, plans to boost the nation’s production capacity to 1.2 million barrels a day by 2027.

Mitsui, Osaka Gas bid for ReNew C&I

ReNew’s $300m stake sale is part of a capital recycling strategy Last year, Mitsui acquired a 49% stake in ReNew’s RE project

Russia blames Ukraine for foiled attack

Russia said on Wednesday it had shot down two drones aimed at president Vladimir Putin's Kremlin residence in what it called a Ukrainian \"terrorist\" assassination attempt.

Questions over Go filing as CEO says owners committed

On Wednesday, a day after the low-fare airline moved the National Company Law Tribunal (NCLT), its CEO Kaushik Khona told a television channel that the promoters remain committe

Go First grounding is boon for rivals, bane for travellers

IndiGo and Air India are being seen as the main beneficiaries of the suspension of operations by Go First

With Go First's fate up in air, staff head for exits

Pilots and cabin crew are heading to rivals Air India, IndiGo and Akasa

CCI appeals set to get costlier under new anti-trust law

The bill suggests raising the deposit to 25% of the penalty value, up from the earlier 10%, to deter frivolous appeals by companies.

'Tata Steel's European ops will be much better by Q3'

Narendran expects China’s 5-6% growth to be a major boon for the global economy. The company’s steel demand will be driven by consumption rather than investment, he said.

MRF Q4 net profit up two-fold to ₹341 crore

Tyre maker MRF Ltd on Wednesday said its consolidated net profit surged over two-fold to ₹341 crore for the March quarter, riding on lower raw material cost.

FPIs close out record bearish bets on benchmark indices

Analysts are extrapolating this to mean the market has priced in the worst-case scenario of the Fed not taking a pause on rate hikes.

Adani Wilmar Q4 net dips 28%

The company’s profit in the three months ended 31 March plunged to ₹93.61 crore from ₹234.29 crore a year earlier