CATEGORIES

Sebi and RBI share concerns over AIFs masking bad loans

Market regulator and the central bank share concerns over instances of alternative investment funds (AIFs) being used to mask bad loans in the financial system, a top official said on Wednesday.

HZL okays FY24 2nd dividend

Hindustan Zinc Ltd. (HZL) on Wednesday declared a dividend for the second time this fiscal, amounting to ₹2,535 crore, of which the major benefactor will be cash-strapped Vedanta, holding a 64.9% stake.

Why December quarter of FY24 is likely to be lacklustre for PVR Inox

Considering the dull prospects for Q3, sharp near-term upsides may be tough for PVR Inox

Opec+ output cuts do not faze OMC stocks

Shares of state-run oil marketing companies (OMCs) including Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp. Ltd (IOCL), have risen 20-47% in the past one month, beating the benchmark Nifty 50 index.

Paytm to cut small personal loans

Paytm will issue fewer sub-₹50,000 (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules on consumer lending after a surge in demand.

E-sports earnings on the rise

India's 42.5 crore gamers, second only to China, saw a string of e-sports events with substantial prize money

Thali cost rises in Nov as festival demand pushes up veggie prices: Crisil

The cost of home-cooked vegetarian and non-vegetarian thalis increased significantly in November as festival demand pushed up vegetable prices and due to lower output in the kharif season amid erratic rainfall conditions.

Centre seeks nod for more spending

The central government on Wednesday sought Parliament's approval to spend ₹1.29 trillion in FY24, which included redistributing funds among ministries and departments.

'Raise domestic financing to fund climate action projects'

Developing economies need to do more domestically to raise financing and deepen domestic capital markets to participate and invest in climate action, said International Monetary Fund (IMF) managing director Kristalina Georgieva in an interview held during the climate summit in Dubai.

Global luxury brands knock at India gate

Global luxury brands spanning apparel, cosmetics and accessories are gunning for the Indian market, at a time malls dedicated for the uber-rich are sprouting across the country. According to multiple industry executives, a dozen luxury brands are close to opening their first India stores, or looking to scale up their presence in the country.

EU liquor cos for 50% cut in tariff

Liquor makers in European Union (EU) have pressed for a halving of India’s import tariff in their free trade discussions, a top EU liquor industry executive said.

App fiasco: BoB now traces consent forms

Bank of Baroda (BoB) is trying to trace the paper trail behind a recent scandal where some employees allegedly created false app sign-ups using random mobile phone numbers, two officials at the state-owned lender said. The bank has asked branches to produce customer consent and registration forms for signing up on the bob World app and changing mobile numbers.

Ola Electric races to file DRHP in two weeks

Bhavish Aggarwal-led Ola Electric aims to file draft share sale papers in the next two weeks, two people aware of the matter said, ahead of the electric two-wheeler maker’s plans to go public early next year.

Meta, IBM Create Al Alliance For Industry

Meta Platforms Inc. and International Business Machines Corp. (IBM) are joining more than 40 companies and organizations to create an industry group dedicated to open source artificial intelligence work, aiming to share technology and reduce risks.

Indian volleyball's high point

Ahmedabad Defenders, winners of the 2023 Prime Volleyball League, will represent India at a key club world event

Oil output reduction is better than plugging methane leaks

Hydrocarbon industry efficiency matters less than scaling it back

Facts about India's GDP growth challenge the narrative of critics

An objective look shows investment-inflation low, real investments high and India's GDP growth exceeding expectations

Scanning markets could serve security purposes

That some traders may have acted on a tip-off about the Hamas attack of 7 October suggests that intelligence agencies could use Al scanners to spot signs of danger in market patterns

Can hybrid vehicles help you save more than EVs?

Subsidies on EVS reduce their upfront cost. There is no registration fee and road tax either

UK seals Rwanda treaty as Sunak takes on courts

The UK struck a deportation treaty with Rwanda as Prime Minister Rishi Sunak seeks to force his controversial plan to fly asylum seekers to the east African nation past the UK courts.

Israel expands ground offensive in south Gaza

Israeli forces drop new leaflets, instructing residents to stay inside shelters

Michaung weakens as it makes landfall in coastal Andhra

Rain-related incidents claim 13 lives; more than 140 trains, 40 flights cancelled in AP

FICO sees major opportunities in India

US-based analytics company FICO, the maker of FICO credit score used by lenders to assess credit worthiness of borrowers, sees business opportunities in the upbeat consumption potential of the Indian economy, chief executive officer Will Lansing said in an interview.

Wipro Consumer buys 3 soap brands

Wipro Consumer Care and Lighting has acquired personal care brands Jo, Doy and Bacter Shield from VVF (India) Ltd, marking the company's 15th acquisition till date and the third in the past year.

Go First lessors tell HC they've been denied access to aircraft

Delhi HC tells RP to file affidavit by 10 December stating whether court order was followed

Recruiters scout for niche tech skills in IIT campuses

Students with regular profiles in less demand as companies hire for complex projects

Goldman working on 'innovative' swaps

Goldman Sachs Group Inc. is working on its first ever deals in a corner of the debt market that's increasingly being touted as a way for struggling emerging markets to attract risk-averse private capital.

Two-wheelers race ahead in Nov

The two-wheeler category outperformed other automotive segments in November, with companies clocking a robust year-on-year volume growth.

Bioenergy, exports to drive Praj Industries' revenue growth

Praj Industries Ltd's investors find themselves in a sweet spot with its shares rising by almost 67% in the past six months. The company aims to triple its revenue by FY30, it said in an analysts meet.

Acquisitions on the horizon in real-money gaming sector

India's nascent real-money gaming industry is going through a phase of consolidation, with larger firms looking at smaller startups that may help improve the former's net user base, and in the long run, revenue.