CATEGORIES

Our J&K find could put India on the lithium map

An inferred stash of 5.9 million tonnes would be 5.5% of the world’s identified reservoirs of a key metal used in EV batteries. If confirmed, it could spell self-sufficiency in a buzzy arena

Turkey-Syria quake deaths pass 33,000

The United Nations has warned that the death figures are likely to double

HAL gears up for Aero India show

Hindustan Aeronautics Ltd will H display for the first time the scale model of Hindustan Lead in Fighter Trainer HLFT-4-2), at the Aero India to be held here from Monday.

246-km stretch of Delhi-Mum Expressway opens for traffic

When completed, expressway will cut Del-Mum travel time by 50% from current 24 hrs

John Distilleries plans to double whisky output, expand other liquor segments

John Distilleries Pvt. Ltd, an Indian alcobev company that makes the Paul John brand of single malts, is looking to expand its vodka, gin, rum, and wine portfolio across price segments, besides doubling whisky production, chairman Paul P. John said.

Home rentals spike as people return to office

Rents across cities had hit rock bottom during the covid-19 years

Operating leverage drives earnings growth for cement firms in Q3

Cement manufacturers saw a strong rebound in earnings in the December quarter after a forgettable September quarter, when the industry was reeling under the impact of a steep rise in raw material costs.

Centre proposes hefty hike in charges at small airports

Govt plans 30% hike in landing and parking fees, and an up to fourfold raise in user development fees

Manappuram Fin takes first steps in succession planning

Manappuram Finance has identified Sumitha Jayasankar, daughter of managing director and chief executive officer V.P. Nandakumar, as a potential successor.

TR Capital weighs NAV financing deals in India

Concept of NAV financing is new in Asia but common in the US, Europe

Adani fiasco makes FPIs more bearish

Since the report’s release on 24 January, the Nifty has fallen from 18,118.30 to 17,856.10 on 10 February.

New valuation norms to tax foreign funds in unlisted cos likely

The income tax department is likely to come out with modified valuation rules under the I-T Act for ascertaining the fair market value FMV) of shares of unlisted companies for the purpose of levying tax on non-resident investments, an official said.

UK wage and inflation data set to fuel further BOE rate hikes

UK wage and inflation data this week are likely to support arguments from Bank of England policy makers who want to keep raising interest rates, adding to the quickest surge in borrowing costs in three decades.

After a weak quarter, Page may take time to turn over a new leaf

The Page Industries Ltd T stock fell to a new 52-week low of 37,170 on NSE on Friday. The company’s December quarter Q3 FY23) results have been rather disappointing, and it appears that the pain could linger for some time.

Zomato needs its pot of gold

Zomato Ltd's financial results Z for the three months ended December (Q3FY23) were hurt owing to demand slowdown in the food delivery business in a seasonally strong quarter.

Armenia pushes for infra talks with India

India could find itself with a new partner in its quest to boost its trade and economic footprint in Central Asia.

‘Next big agenda for CBIC is adding more taxpayers’

India has 63 mn unincorporated, non-agricultural MSMEs defined as having sales of 5 crore

RIL eyes UP green energy, 5G

Reliance Industries Ltd will invest ₹75,000 crore in Uttar Pradesh over the next four years to set up 10GW of renewable energy capacity and roll out 5G services, RIL chairman and managing director Mukesh Ambani said on Friday.

Four states make up bulk of toll revenue in road-building sign

Gujarat, Maharashtra, Rajasthan and Uttar Pradesh have emerged as the states with the highest toll collections in the country, indicating these large states have outscored others in building roads and strengthening infrastructure.

Shaking it up with iconic paintings

An unforgettable gallery tour explains how pioneering art has inspired cocktails

Aha Video banks on premium subscriptions to break even

Telugu video streaming platform Aha Video, owned by film producer Allu Aravind, is banking on its premium subscription offering and brand integrations instead of just pure advertising revenue to achieve breakeven by December-end.

Moody's downgrades 4 Adani cos' outlook, stock rout continues

Moody's Investors Service on Friday downgrades the outlook on four out of the eight Adani Group companies it rates to negative from stable, in a move that could have short-term implications for the embattled group's fundraising ability.

Alibaba exits Paytm, offloads stake in ₹1,378-cr block deal

China's Alibaba Group sold its entire 3.4% stake in One97 Communications, the parent of Indian payments firm Paytm, in a block transaction worth ₹1,378 crore.

New tax regime will boost disposable incomes: FM

Finance minister Nirmala Sitharaman defended the new tax regime for individuals because it boosts people's disposable income, even as she argued that the Union budget achieved the difficult balance of development requirements and fiscal prudence.

SC to govt: Protect investors' interest

Court seeks 'robust framework' with fresh laws for strong oversight

Doval meets Putin, discusses ties

National Security Advisor Ajit Doval called on Russian President Vladimir Putin and agreed to continue work towards implementing the India-Russia strategic partnership, the Indian embassy in Moscow said on Thursday.

PM nudges states on fiscal discipline

Prime Minister Narendra Modi on Thursday appealed states to follow fiscal discipline so that there is no undue debt burden on future generations while risks to the national economy are avoided.

Hindalco Q3 profit falls 63% on higher costs, lower metal prices

Lower base metal prices and higher input costs buffeted Hindalco Industries Ltd in the December quarter, with the Aditya Birla flagship's net profit plunging 63% from a year earlier to touch ₹1,362 crore. The earnings announced on Thursday were far below the consensus analysts' estimate of ₹1,841.3 crore.

Phone tapping case: HC grants bail to Chitra Ramakrishna

Chitra Ramakrishna, the former managing director of the National Stock Exchange accused in the co-location scam, was granted regular bail by the Delhi high court in a case related to illegal phone tapping of employees. This marks her first release from jail since her arrest in March last year.

Adani stocks dive as MSCI finalizes free float review

A cut in weighting may prompt large funds to pull out money from Adani stocks