CATEGORIES

Tata Motors to upskill employees in EV push

WITH ELECTRIC VEHICLES (EVS) fast gaining popularity, skilled workers who can operate EV production lines are in high demand

Ad revenue to more than double this World Cup

THE PHOTOGRAPHS OF the empty stands in Ahmedabad's Narendra Modi stadium on Day 1 of the ICC Cricket World Cup 2023 may have disappointed many, but advertisers are hardly sweating over that

WTO cuts 2023 goods trade growth forecast

THE WORLD TRADE Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a strained Chinese property market and the war in Ukraine had cast a shadow over its outlook

Stubble burning may fall this year

INCIDENTS OF STUBBLE burning after paddy harvesting in Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan and Delhi since September 15 are up 67% to 1,154 till Thursday compared to the same period last year

Mumbai, Chennai hotel rates soaring faster than Chicago & Boston

HOTEL ROOM RATES in major cities from Boston to Mumbai are expected to jump by double digits, even after predictions that prices were finally hitting a ceiling, according to a new report

India mulls more incentives for UAE wealth funds

INDIA AND THE United Arab Emirates (UAE) on Thursday discussed incentives that could encourage greater investments in India by sovereign wealth funds from the Middle East country

GST cut likely on millet mixes

THE GOODS AND Services Tax (GST) Council, which will meet here on Saturday, will likely consider a reduction of the tax rate on millet-based products, bring metal scrap under the reverse charge mechanism and decide on taxation of corporate guarantees among others

Skilled labour shortage worsens for infrastructure firms

FROM 138 MILLION IN 2020, SCARCITY HAS HIT 150 MILLION NOW

Services PMI rises to 61 in Sept

Quarterly index at a 13-year high

DEAL TO BE AT $1 BN VALUATION - Tatas look to buy back Temasek's 20% pay TV stake

Tata Group is in advanced talks with Temasek Holdings Pte to buy back a stake in its entertainment content distribution platform at a valuation of more than $1 billion, according to people familiar with the matter

DOT, Trai spar over PM Wani

THE DEPARTMENT OF telecommunications (DoT) and the Telecom Regulatory Authority of India (Trai) are at loggerheads over the high connection rates charged by telcos and internet service providers (ISPS) from public data offices (PDOs)

Bond index inclusion to spur $23 bn inflows: FM

THE INCLUSION OF India's sovereign bonds in JPMorgan's emerging market index could bring in $23 billion in foreign capital flows, finance minister Nirmala Sitharaman said on Thursday

Enter the metaverse to build your home

Easy Build aims to have 50 experiential stores by March 2024

Google challenges Apple with new Pixel that's more like the iPhone

GOOGLE IS LOOKING to challenge Apple head-on with new Pixel phones that are more iPhone-like than ever before.

Tim Cook gets $41 mn from biggest share sale since 2021

APPLE CEO TIM Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.

In a first, US House Speaker Kevin McCarthy voted out

The House removed its leader bya 216-to-210 vote

NBFCs must follow a calibrated approach, says India Ratings

NON-BANKING FINANCIAL companies (NBFCs) must take a calibrated approach while providing asset and liability support to fintechs as the end-use of these loans largely remains consumption based where, overleveraging by borrowers can be a large risk, says India Ratings and Research.

Higher financing expense creates roadblock for EVs

ELECTRIC VEHICLE (EV) adoption has hit speed bumps as interest rates, shorter tenors and lower loan to-value ratios are making it difficult to own these eco-friendly vehicles, especially for price-sensitive segments like electric two-wheelers and electric three-wheelers.

Higher US rates may continue to weigh on Indian markets

Experts attribute sell-off to market being overheated

OTT revenue share won't hit net neutrality: Telcos

In fact, all of the concerns being raised - such as favouring one website/application/service, pricing differentiation, decision on charging fair share on a case-to-case basis, etc-are imagined and speculative scenarios, it said in a statement.

IndiQube plans to add 40 properties in FY24

Lack of compliant commercial buildings a problem in tier-2 cities

It was the best Ganpati for passenger vehicle sales

THE TEN-DAY GANESH Chaturthi celebrations recorded the highestever passenger vehicle (PV) registrations during the period, paving the way for a robust festive season despite a general surge in lending rates and a deficient monsoon.

Superdry sells S Asia licences to Reliance Retail for £40 mn

RELIANCE BRANDS ON Wednesday announced that its wholly-owned arm in the UK, Reliance Brands Holding UK (RBUK), has formed a joint venture with UK fashion retailer Superdry to pick up its intellectual property assets in South Asia for £40 million (402 crore).

Bombay Dyeing wants to go the whole hog in realty

WITH A ₹5,200-CRORE kitty after a mega land deal with Japan's Sumitomo, Bombay Dyeing wants to be a significant player in the listed real estate space by doing marquee projects, said a senior executive of the company.

RCap: Torrent knocks on SC's doors again

Seeks intervention to resolve pending pleas contesting second round of auction

Ensure better corp governance, FM tells company secretaries

FINANCE MINISTER NIRMALA Sitharaman on Wednesday asked company secretaries to rededicate themselves for better corporate governance in the next 25 years as India gears to become a developed nation by 2047.

Govt likely to lower basmati MEP by 30% to $850/tonne

THE GOVERNMENT IS likely to reduce the minimum export price (MEP) of basmati rice to $850 per tonne from $1,200 a tonne imposed in August following a series of consultations with exporters, farmers and state government officials in the key growing states of Punjab, Haryana and Uttar Pradesh.

Govt exempts aircraft and engines from IBC provisions

THE MINISTRY OF Corporate Affairs issued a notification on Wednesday saying that the sub-section (1) of section 14 of the Insolvency and Bankruptcy Code, shall not apply to transactions, arrangements or agreements, under the Convention and the Protocol, relating to aircraft, aircraft engines, airframes and helicopters.

Easier treaty benefit claims for non-residents soon

THE CENTRAL BOARD of Direct Taxes (CBDT) is likely to allow nonresident taxpayers to take tax benefits under the double taxation avoidance agreements (DTAAS) without quoting the permanent account number (PAN), as they file the relevant form electronically, a senior official told FE.

OMCs seen to incur marketing losses in H2

EVEN THOUGH CRUDE oil prices have moderated at $90 a barrel from its highest of $97 a few days back,analysts see prices to remain elevated till the year end which is likely to cause losses to the oil marketing companies (OMCs) from the sale of auto fuels in the second half of the current fiscal.