CATEGORIES

Mid, smallcap fall the most in 2023

A SHARP SELL-OFF in the midcap and smallcap space on Tuesday- the most in 2023-cut short the euphoria in the markets, reports Siddhant Mishra.

Tax scare for diesel vehicles

Gadkari suggests 10% additional levy

VEGETABLE PRICES SLUMP IN AUGUST: Retail inflation cools to 6.83%

Fairly broad-based easing; analysts see fresh spurt

Novak serves Majors history

Wins his 24th Grand Slam singles title, the most bya man or woman in the Open era

Bajaj plans to enter SME, four-wheeler finance

THE SCOPE FOR financial inclusion in India is immense and the entry of Jio Financial Services in the non-banking finance companies (NBFC) space will not take away the market share of any entity, Bajaj Finserv chairman and MD Sanjiv Bajaj said on Monday.

Hitachi Payment evaluating M&A opportunities: MD

Company working on interoperable card-less cash deposit facility that will run on UPI rails

Positive outlook for HDFC Life

Insurance sector aims for 13-15% growth in new premiums

China shows signs of stability as credit, inflation improve

Ongoing property crisis drags the country’s recovery

Kim en route to Russia for talks with Putin

NORTH KOREAN LEADER Kim Jong Un has set off for Russia aboard a special train, a South Korean source said, as Pyongyang and Moscow on Monday confirmed a summit with President Vladimir Putin amid Russia's deepening isolation over the war in Ukraine. Kim would visit Russia in the coming days at the invitation of Putin, the Kremlin said, while North Korean state news agency KCNA said the two would\"meet and have a talk\", without elaborating.

Qualcomm to supply 5G chips to Apple till 2026

QUALCOMM ON MONDAY said it had signed a new deal with Apple to supply 5G chips to the iPhone maker until at least 2026.

Jet Airways founder's ED custody extended

JET AIRWAYS FOUNDER Naresh Goyal, arrested in an alleged ₹538 crore bank fraud case, siphoned off funds from India to overseas by creating various trusts and used them to buy properties, a special court here noted on Monday, citing investigation carried out so far by the ED.

Tata Steel shareholders' nod to Narendran as CEO

TATA STEEL HAS received shareholders' approval for the appointment of TV Narendran as its CEO & MD, with nearly 99.47% of the votes cast in favour of the resolution.

Sudarshan Venu MD of appointed TVS Holdings

THE BOARD OF directors of TVS Holdings Ltd (formerly known as Sundaram-Clayton Ltd) on Monday approved the appointment of Sudarshan Venu as managing director of the company, for a period of five years, with immediate effect, elevating him from the post of director.

Perfios raises $229 million from Kedaara Capital

B2B FINTECH STARTUP Perfios on Monday announced an investment of $229 million in its Series D funding round led by Kedaara Capital. The round also included some undisclosed secondary sales. The company also announced its plans to go public in 18 to 24 months.

KKR to invest ₹2,069 cr in Reliance Retail

Valuation at ₹8.361 trn; shareholding increases 0.25% to 1.42%

Trai chief post likely to be opened to private sector

IN A MOVE to open up key regulatory posts to the private sector, the Centre is considering an amendment to the Trai Act, 1997, which would lay down specific requirements to enable senior corporate executives to become the chairperson of the Telecom Regulatory Authority of India (Trai).

Centre may ease FDI norms in space sector

INDIA IS LOOKING to further ease foreign direct investment (FDI) rules of the space sector to attract overseas players, said Rajesh Kumar Singh, secretary in the department for promotion of industry and internal trade, on Monday.

Biofuel pact to reduce petrol, diesel dependence, says Puri

PETROLEUM AND NATURAL gas minister Hardeep Singh Puri on Monday said India will show the world a new path on biofuels, less dependent on petrol and diesel, through the Global Biofuel Alliance (GBA).

LSE listing for Indian firms soon

TALKS ON TO CONCLUDE INDIA-UK FTA, BIT AT THE EARLIEST

MGNREGA: High demand signals urban job crunch

AFTERALET-UP in FY22 and FY23, demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has risen again in the current fiscal, indicating that employment opportunities in urban areas remain low.

G20 inclusion opens up a continent of opportunities

INVESTMENTS IN AFRICAN UNION MAY DOUBLE TO ABOUT $150 BILLION BY 2030

SC to SpiceJet: Pay dues or face action

THE SUPREME COURT on Monday directed SpiceJet chairman and MD Ajay Singh to furnish a proof of deposit of $500,000 and $1 million to Credit Suisse by September 15.

India, S Arabia put $50-bn refinery, FTA on fast track

INDIA AND SAUDI Arabia on Monday agreed to expedite the $100-billion investment that Riyadh had promised in various projects in India, complete negotiations on the free trade agreement at the earliest and start talks on trade in local currencies.

Byju's may sell assets to repay $1.2-bn loan

Great Learning and Epic put up for sale

Nifty scales Mount 20K

TAKES JUST 51 TRADING SESSIONS FROM 19K TO HIT THE MARK

NBFCs stay away from credit card biz

In some cases, RBI was rather stringent in according approval to NBFCs for issuance of even co-branded cards

IMF: Deliver on $100-bn climate finance pledge

THE G20 MEMBERS must \"lead by example\" in delivering on the promises of $100 billion per year for climate finance, supported by strengthening the Multilateral Development Banks (MDBs), International Monetary Fund (IMF) managing director Kristalina Georgieva said.

Consumer durable makers counting on festival boost

MANUFACTURERS AND RETAILERS of appliances and electronic products are counting on the upcoming October-November festive period for a big boost in sales.

Russia to invest trapped rupees in India: Lavrov

INDIA WILL OFFER Russia options to invest the billions in rupees it has accumulated for exports, Russian foreign minister Sergei Lavrov said on Sunday in New Delhi.

Summit's mandate on coal-based power a tall order for India

INDIA, WITH THE world's fourth largest renewable energy capacity, is less likely to comply with the G20 decision on phasedown of coaling unabated power, which continues to meet more than 70% electricity needs of the country.