CATEGORIES

SpiceJet may offer 5% stake to Carlyle Aviation

Low-cost carrier SpiceJet Ltd might swap 5% of its equity for dues owed to its largest aircraft lessor, US-based Carlyle Aviation Partners, two people informed of the development said.

India Inc may raise pay by 10.3% this year

Indian companies may raise wages by an average of 10.3% this year despite concerns about a global slowdown, professional services firm Aon India said, as companies seek to retain talent amid the highest attrition in 14 years.

Biden taps Banga to head World Bank

US president Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank, lauding his experience forging public-private partnerships to address financial inclusion and climate change.

Centre may soon okay ₹3 tn for Bharatmala 2.0

Road ministry has sought approval for the second phase ahead of schedule

Banks Struggle With Fake Customer Care On Twitter

Banks are battling a new challenge on social media: The rise of fraudsters operating fake profiles and attempting to siphon off customers' money.

Sunak suggests he's seeking Brexit treaty change from EU

UK prime minister Rishi Sunak suggested a coming deal with the European Union (EU) over post-Brexit arrangements in Northern Ireland would involve legal changes to the existing treaty, something the bloc has previously opposed.

McKinsey to layoff 2k employees in one of its biggest round of cuts

McKinsey & Co. plans to eliminate about 2,000 jobs, one of the consulting giant's biggest rounds of cuts ever.

UK overtakes India in equity market race

The UK has surpassed India as the world's sixth-largest equity market for the first time in almost nine months as a weaker pound boosted the appeal of heavyweight exporters trading in London and Adani Group-led jitters weighed on stocks in Mumbai.

India, UAE explore virtual trade corridor to fast-track shipments

India and the UAE are exploring creating a virtual trade corridor to facilitate quicker clearance of shipments. Under the proposal, approvals and clearances related to customs will be given online on both sides.

Campus recruits in jobs limbo as firms delay onboarding

The prospects of the 2022 batch have darkened further as many companies may now choose to recruit from the new 2023 batch.

India works with FTA partners for system to plug abuse of deals

India is installing a new system to allow customs authorities here and their counterparts in free trade partner nations to generate and exchange key documents before shipments reach their shores as part of a drive to check abuse of free trade deals, two persons informed about the development said.

MPC opposed to a hasty pause in war on inflation

Members of the Reserve Bank of India's monetary policy committee (MPC) agreed to raise the repo rate by 25 basis points in February as it felt a pause would be premature in its fight against runaway prices, showed minutes of the meeting published on Wednesday.

NCLT admits IBC pleas of Indus Ind against ZEE, Siti

The dedicated bankruptcy court also admitted a similar insolvency application against Essel Group's Siti Networks Ltd, filed by the same financial lender.

Rate hike fears over high inflation buffet markets

Sensex slips below 60,000 and Nifty lingers at lows of more than four-months

Russia suspends its last major nuclear arms treaty with US

Putin emphasized that Russia is suspending its involvement and not entirely withdrawing from the pact yet

Markets edge lower in choppy trade amid weak global cues

Equity benchmark indices. Sensex and Nifty ended marginally lower in a highly volatile trade on Tuesday as investors preferred to stay cautious ahead of the release of minutes of the Federal Open Market Committee (FOMC) meeting.

Short sellers see huge losses with tech surge

The surge in technology stocks that's caused renewed losses for short sellers this year looks to be running out of steam, encouraging bears to maintain their bets against longtime targets such as Tesla Inc., Apple Inc. and Meta Platforms.Inc.

Kotak taps Egon Zehnder for CEO

Kotak Mahindra Bank  Ltd's board has engaged consulting firm Egon Zehnder to lead a global search for a chief executive officer to replace its billionaire founder Uday Kotak, people with knowledge of the matter said.

HPCL faces payment dilemma amid price cap on Russian oil

India's state-owned refiner Hindustan Petroleum Corp. Ltd (HPCL) is facing payment issues for its purchases of Russian crude oil due to a price cap imposed on exports from the OPEC+ producer.

JSW's Jindal says pvt sector will drive biz

India needs structural collaboration between the public and private sectors to achieve its goal of becoming a $10 trillion economy, JSW Group chairman Sajjan Jindal said.

Comviva to dial up enterprise solutions

Mobility solutions company Comviva, a subsidiary of Tech Mahindra Ltd, is shifting its focus away from solutions for telecom companies to serve enterprise companies, even as it seeks to form partnerships with IBM, Oracle, Google and Amazon, along with its parent company, for upselling its solutions.

UPI linked to Singapore's Pay Now for fast transfers

India and Singapore on Tuesday linked their quick payment systems, Unified Payments Interface (UPI) and PayNow, easing the process of fund transfers between individuals in the two Asian nations.

HDFC Bank to hit dollar bond market after gap of 2 years

HDFC Bank plans to sell dollar bonds to support its plans to expand lending outside India, joining other banks in tapping opportunities in overseas markets, according to two people aware of the matter.

Centre likely to auction lithium reserves by Jun

Bidding is allowed on condition that all refining will be in India

EPFO unveils method to apply for higher pension under EPS

Retirement fund body EPFO on Monday came out with a procedure to enable subscribers and their employers to jointly apply for higher pension under the Employees' Pension Scheme (EPS).

After Citi, BofA Securities now sees near-term gains for rupee

Bofa Securities Inc. is predicting more gains for the Indian rupee in the near term, joining Citigroup Inc., as the narrowest trade deficit in a year augurs well for the nation's external finances.

Adani Total biggest loser in Group rout

Adani Group companies have erased about $135 billion of their total equity market value since the Hindenburg explosive Research report, but none has been hit as bad as Adani Total Gas Ltd.

Chinese scientists sketch out plans to thwart US chip curbs

Key members of China's most influential scientific body have outlined the country's plan to circumvent US chip sanctions for the first time, codifying Beijing's view of how it could win a crucial technological conflict with Washington.

Putin may meet top Chinese party official on Moscow trip

China's top diplomat is due to visit Moscow shortly, and may possibly even meet President Vladimir Putin, as the United States says it is concerned Beijing may be considering supplying weapons to Russia.

Thyssenkrupp in talks to boost steel output capacity in India

Thyssenkrupp, the Gergiantman engineering with interests in high-grade electrical steel manufacturing in India, is in talks with the Indian government to explore possibilities for expanding its production capacity, a top company executive said.