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Rents skyrocket in Bengaluru as engineers fight for flats

Landlords in the city, often referred to as India’s Silicon Valley, now charge the highest proportion of their property’s value as rent, edging out financial centre Mumbai, according to data from market researchers

Carbon tax hurdle looms over India-UK FTA talks

An EU-style carbon border adjustment mechanism (CBAM) is expected to dent India’s metal exports to the UK even if India and the UK agree on significant tariff concessions, experts said.

Donald Trump surrenders; to plead not guilty

Former President Donald Trump surrendered to authorities Tuesday at a Manhattan courthouse ahead of his arraignment on criminal charges stemming from a hush money payment to a porn actor during his 2016 campaign.

RIL secures $2 bn additional loan

Group raises $5 bn in total; largest syndicated loan in India

Streaming skittish as regulation looms

Platform executives and content creators termed this a departure from the previous stance of allowing self-regulation, but not entirely unexpected given that web shows occasionally cross the line.

India plans 250GW tenders

The Indian government plans to issue 50GW of renewable energy capacity tenders annually until FY28, with projects worth 250GW planned from FY24 to FY28.

Samhi Hotels trims fresh issue size of IPO

The Gurugram-based company had first filed its papers with the Securities and Exchange Board of India (Sebi) for an IPO in September 2019 to raise ₹1,800-2,000 crore.

Green investments deliver superior returns, says BCG

Green investments fetch 6.5 times more relative total shareholder returns compared to nongreen deals over a period of two years, Boston Consulting Group (BCG) said in a report, at a time the investing world shifts its focus towards climate-focused investments.

Prices of 651 essential drugs decline as NPPA revises cap

The move coincides with a surge in covid infections in India, with active cases increasing from 18,389 to 20,219 in the last 24 hours.

Direct tax receipts after refunds in FY23 grow 18%

Gross direct tax collections for FY23 before adjusting for tax refunds stood at ₹19.68 trillion, a growth of 20.33%, CBDT said.

PNG may replace cylinders in well-covered areas over time

Govt asks piped gas companies whether a sunset period for LPG can be set in some places. The move comes against the backdrop of declining demand for PNG in the past year

Firms post strong credit quality despite inflationary pressures

Indian companies reported strong credit quality in the year ended 31 March with continued debt reduction and robust profitability, despite some downgrades due to inflationary pressures, credit rating agencies said.

RCap lenders delay auction to get more bidders on board

The second auction of Reliance Capital Ltd’s assets has been delayed by a week by its lenders as they seek to enlist the participation of more bidders in the process, according to two people familiar with the matter.

Insurers may get to sell related services

They may not be allowed to sell financial products like MFs

Sunak's UK Crypto Ambitions Are Flummoxed By Reluctant Banks

Edouard Daunizeau's crypto company SavingBlocks has an office in East London's technology hub and more than 200 customers testing its services. But getting a bank account for his year-old startup has proved an almost insurmountable challenge.

Jobless Rate Hits A Three-Month High

India's unemployment rate climbed to a three-month high of 7.8% in March amid concerns a global slowdown will hurt Asia's third-largest economy. Urban joblessness remained elevated at 8.4%, compared with about 7.5% in rural areas, according to data from Centre for Monitoring Indian Economy.

Pepsi's redesign exercise takes the Gen-Z challenge head on

Hot on the heels of the calamitous 'I Love NY' rebrand comes another Brandbook: a new logo for Pepsi.

Our foreign trade policy bets on e-commerce for an export jump

FTP 2023 seeks to ease and enable exports with measures that are broadly in the right direction although some gaps remain

Harmonize trade policy with India's broad goals

It laudably aims to ease exports and enable a big e-commerce outreach but we must resolve riddles posed by our Atmanirbhar thrust and grant import tariffs both clarity and stability

Vande Bharat breaks 160 kmph limit

The maximum speed of the Bhopal-New Delhi Vande Bharat Express reached 161 kilometres per hour during its launch run on Saturday, breaching its expected speed limit of 160 kmph, officials said.

Cricketer Salim Durani dies at 88

Former India all-rounder Salim Durani, who was known for his match-winning ability, died at the age of 88 on Sunday, PTI news agency reported.

Bhubaneswar to get first intl flight

The Bhubaneswar airport will get its maiden international flight with IndiGo starting a direct service to Dubai from 15 May, officials said.

Harris makes political hay on visit to three African nations

Harris’ tour carried geopolitical aims, as the US looks to bolster African relations and counter Chinese influence

Syria reports third airstrike by Israeli defence forces in 4 days

Syria reported the third airstrike by Israel in four days early Sunday, as Israeli Prime Minister Benjamin Netanyahu vowed to pursue his country's enemies \"on all fronts\".

UBS may slash 20-30% jobs after Credit Suisse takeover

UBS Group AG will cut its workforce by between 20% and 30% after completing its takeover of Credit Suisse Group AG, slashing as many as 36,000 jobs worldwide, SonntagsZeitung reported, citing a senior manager at UBS.

Sodexo targets schools, MSMEs in India

The Sodexo Benefits and Rewards Services (BRS) is targeting schools and small merchants to expand its base in India. It will allow customers to use Sodexo cards on mobiles to buy school meals or products from kirana stores, said Sodexo BRS' global chief executive Aurelian Sonet.

Auditors' annual report on transparency to be public

Report will detail operations, quality control systems, network relationship with others

Opec+ makes surprise I million-barrel oil production cut

Opec+ announced a surprise oil production cut that will exceed 1 million barrels a day, abandoning previous assurances that it would hold supply steady to maintain a stable market.

Adani deals helped lift FPI flows in Mar

After pulling out funds in the past two months, foreign investors have invested ₹7,936 crore in the Indian equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners.

BOP: A tale of growth and yield

The latest balance of payment (BOP) numbers offer comfort. Firstly, the current account deficit (CAD) narrowed sharply to 2.2% of the gross domestic product (GDP) in the three months ended December (Q3FY23) from 3.7% in Q2. The current account measures the net export of goods and services by a country (along with remittances and income on investments). A lower CAD often signals strengthening external sector fundamentals.