CATEGORIES

Thyssenkrupp to bid for Navy submarine deal

GERMANY'S THYSSENKRUPP IS likely to bid for a project to supply six submarines for the Indian Navy, German defence minister Boris Pistorius said on Tuesday, during a visit to New Delhi.

Byju's skips $40 mn loan repayment; sues lenders

BYJU'S SKIPPED ITS quarterly interest payment of $40 million on the $1.2 billion term loan B (TLB), which was due on June 5, and instead filed a lawsuit in the New York Supreme Court challenging the acceleration of the repayment and seeking disqualification of Redwood, one of the lenders.

Sequoia Capital splits into three; India & SEA fund to be rebranded

VENTURE CAPITAL FIRM Sequoia Capital is splitting into three entities focused on geographies including the United States, China, India and South East Asia.

Electric 2W sales crash as subsidy cut kicks in

Daily offtake down to 540 in June so far from 2,000-3,300 in January-May

Tesla agrees to set up vendor base in India

PLI 2.0 FOR EVs LIKELY TO SWEETEN THE DEAL | Musk may bargain hard as China tries to retain US firm’s investments

Apple At All-Time High Ahead Of Headset Launch

The stock has risen consistently throughout 2023, with investors viewing it as a safe haven in periods of economic risk given the strength of its balance sheet

City Union Bank to upgrade digital lending process

Set to hire BCG as consultant; focus on retail products

Foxconn sales drop 9.5% y-o-y in May

TAIWAN'S FOXCONN, THE world's largest contract electronics maker and major iPhone assembler for Apple, said on Monday that revenue in May fell 9.5% year-on-year due to weakness in smart consumer electronics during the traditional low season.

Global synergy required against cyber threats: Jain

RESERVE BANK OF India deputy governor MK Jain on Monday stressed the need for greater coordination among countries to tackle cyber attacks, saying these can impact financial inclusion efforts across the globe.

Strong demand yields good results

Prices during monsoon season is a key factor for industry's outlook

Airlines told to self-monitor fares

WITH SPOT FARES soaring, especially on some select routes, ever since Go First stopped services and filed for voluntary insolvency, the civil aviation ministry on Monday asked airlines to devise a mechanism to control the same.

NCLT to Go First IRP: File reply on lessors' petition in a week

THE NATIONAL COMPANY Law Tribunal (NCLT) on Monday directed the interim resolution professional of Go First to file a reply within one week over petitions filed by three lessors seeking possession of their aircraft and engines from the carrier.

Tech firms seek direct allocation of spectrum

Urge DoT to reserve spectrum for private networks

India, US firm up roadmap on defence

INDIA AND THE US on Monday concluded an ambitious roadmap for defence industrial cooperation to fast-track technology tie-ups and co-production of military platforms such as air combat and land systems, a move that comes in the wake of China's increasingly aggressive behaviour in the IndoPacific region.

Monsoon may reach Kerala coast in a couple of days

IMD FORECAST FOLLOWS DELAY IN ONSET

Services PMI stays elevated

MAY FIGURE SECOND HIGHEST IN CLOSE TO 13 YEARS

India, EU seek to resolve dispute at WTO bilaterally

INDIA AND THE European Union (EU) have jointly approached the dispute settlement body of the World Trade Organisation (WTO), seeking deferment of the adoption of its ruling on tariffs imposed by India on some information technology products till September 19, as they try to reach an understanding on the issue through negotiations.

Slow retail sales: Dealers want car makers to apply brakes

Not correct reflection of demand trend, says Maruti on FADA data

Adani Group completes $2.65 bn deleveraging

GAUTAMADANI-HELMED ADANI Group has repaid loans totalling $2.65 billion, completing a pre-payment programme ahead of March 31 deadline, including a $700 million taken for the acquisition of Ambuja Cement.

States' subsidy bill outpaces capex

FY23 subsidies up 19% to ₹2.8 trn; poll freebies to see a spike going ahead

Breaking Free From Passwords

It uses biometric data safeguarded by cryptographic protocols

Banks' digital fraud tally nearly doubles

EVEN AS THE OVERALL value of frauds reported by Indian banks halved from ₹59,819 crore in FY22 to ₹30,252 crore in FY23, the value and volume of digital frauds committed using cards and internet-based payment methods nearly doubled in the previous financial year, data from the Reserve Bank of India's (RBI) FY23 annual report showed.

Tightening the noose

ASCI's guidelines for education sector will help curtail tall claims

There is no luxury without sustainability

It's time to flip the switch towards EVS, recycling, net zero

Arbitrage funds are back in favour

Market volatility and decent post-tax returns make them attractive

Apollo Hospitals: Boost to pharmacy network expansion

1,000+ offline pharmacy stores added in FY23

Adani Ports: Rebuilding momentum

Leveraging logistics business expansion to achieve 13-17% growth

Long-duration funds strong despite rate hikes

DEBT MUTUAL FUNDS (MFs) have taken centre stage since the removal of indexation benefit earlier this year.

Midcaps in sweet spot as valuations fall

MIDCAPS HAVE BEEN on a good run of late, with the BSE MidCap index hitting an all-time high last week.

QSRs, apparel firms feel retail pinch

FAST-FOOD CHAINS and apparel firms are feeling the pressure of a discretionary slowdown. However, few are cutting down on store additions as many bank on a comeback in discretionary spending in the second half of FY24.