CATEGORIES

Faking compliance, bad KYC spark RBI fury on Paytm bank

The banking regulator cracked the whip on Paytm Payments Bank after it failed to shape up despite repeated warnings on falsified compliances, irregularities in KYC norms and related party transactions, a person aware of the development said.

Govt capex engines to keep steady pace

Central capex may remain around 3% of GDP to push growth

Sony 'pre-determined' end of merger agreement, says ZEE

Sony Pictures was 'predetermined' to terminate the merger agreement with Zee Entertainment Enterprises Ltd, ZEE has alleged in its petition filed before the National Company Law Tribunal (NCLT).

IndiGo clocks 2,998 cr PAT, beats street

InterGlobe Aviation Ltd, which runs India's largest airline IndiGo, clocked awhich runs India's largest airline IndiGo, clocked a profit after tax of ₹2,998.

TaMo to rebrand its small CVs to claw back mkt share

Production sops for auto sector to be key source of funding for co’s EV initiatives next year

Govt to sell subsidized Bharat Rice from next week

The government will start selling Bharat Rice at ₹29 a kg in the retail market next week to cool prices of the staple foodgrain and provide relief to consumers.

Rosneft CEO in India next week

Russia's largest oil company Rosneft's CEO Igor Sechin is set to visit India next week, said two people in the know.

Govt aims to construct 13,000km highways in FY24

The government aims to build 13,000 kilometers (km) of national highways (NH) by the end of March, meaning it would be able to meet about 94% of its target for FY24, a senior government official said.

New I-T regime needs stability: CBDT chair

A person with income up to 750,000 a year does not have to pay tax now

'GST revenue to outpace GDP growth till high compliance'

Goods and Services Tax (GST) revenue collection of central and state governments will continue to grow at a faster pace than nominal GDP growth rate till very high tax compliance level is achieved, after which, the tax on consumption will grow in sync with the rate of economic expansion, Central Board of Indirect Taxes & Customs (CBIC) chairman Sanjay Kumar Agarwal said in an interview.

JSW Infra's profit more than doubles to ₹251 cr in Oct-Dec

Private-sector port operator JSW Infrastructure Ltd on Friday said its consolidated net profit more than doubled year-on-year (y-o-y) to 250.66 crore in the December quarter, buoyed by increased cargo volumes and higher tariffs.

Budget's infra focus gives us confidence: L&T CFO Raman

The company says that bookings of new infrastructure orders may slow in coming quarters

Audit found no wrong, says former exec sued by Wipro

Haque has filed a motion to dismiss Wipro’s lawsuit, and called for arbitration instead

THE LONG-TERM INVESTOR

The co-founder of Snapdeal and Titan Capital talks about his journey from entrepreneur to investor, what he looks for in early-stage companies, and his obsession with Virat Kohli's shaving routine

A meeting with Monet

A luminous biography by Jackie Wullschlager gives a fresh appreciation of how central Monet was to modern art

How Ishan Shukla realised 'Schirkoa'

This animated feature with shades of 1984’ has a wild sci-fi palette and an eclectic voice cast

When the artist turns the camera around

By turning the camera on themselves, photographers create personal archives of their families, bodies and environment

In search of the perfect lipstick

We review three lipsticks that claim to offer shine, smoothness and shades of joy. But we are yet to find that perfect red

A story of old and new 'ikat'

An ongoing exhibition aims to raise awareness about one of the robust textile traditions of India

BENGALURU BARS GET INTIMATE

The city’s beverage scene, long dominated by cookie-cutter mega microbreweries, Is evolving to become more sophisticated

Sweet and sour, kiwi is packed with antioxidants

I sliced a kiwifruit this morning, and the burst of fluorescent green filled me with a sense of virtue.

Writing at a tangent to market forces

For nearly 20 years, Sharmistha Mohanty has offered a platform to writers who occupy the space between literary forms

Is this the slow-motion death of music criticism?

News of 'Pitchfork' being folded into 'GQ' is another sign of the shrinking space afforded to informed criticism

A numerical sketch of Mandela

In an immersive installation, Jitish Kallat maps Nelson Mandela's desk calendars from his long imprisonment

The Budget's Horizon Is A Mark Of Its Confidence

It is interim but also benefits from a rare political context that enables aiming for the long haul. It keeps an eye on polls with due fiscal restraint and a steady focus on infrastructure

Sunshine To Startups: Money For Ideas

The ₹1 tn innovation fund is expected to help India transition from a services economy to a research and manufacturing hub

Interim Budget 2024: It Makes An Impressive Effort On A Key Front

Its highlight is its proposed path of fiscal consolidation towards the government's deficit target of 4.5%-of-GDP by 2025-26

Paytm sees bank normalcy back by March

Shares of Paytm (One 97 Communications) hit the 20% lower circuit on Thursday, a day after RBI directive

Byju's investors seek to eject CEO Raveendran, rejig board

Large shareholders of Byju’s have demanded a shareholders’ meeting to oust its top leadership including founder and chief executive Byju Raveendran and recast its board, days after the edtech startup tapped its existing investors for emergency capital at a throwaway valuation.

RIL may pay $2.3 bn for 60% stake in Disney India assets

Big markdown for Disney assets' valuation; business may be later merged with Viacom18