CATEGORIES

Output growth to outstrip fall in oil prices for ONGC: S&P

S&P Global Ratings forecasts that the Brent crude oil price will be $90 per barrel for the rest of 2023 and $85 per barrel for 2024 and 2025

Coal production rises 7.1% in May

The cumulative coal production for April and May saw a rise to 149.41 MT in FY23, compared to 138.41 MT in FY22

Demand for rural jobs scheme increases again in May

CLOSE TO 31.7 MILLION HOUSEHOLDS APPLY FOR WORK

Netflix, Disney, Amazon to challenge new tobacco rules

MAY ARGUE HEALTH MINISTRY HAS NO POWERS OVER OTT PLATFORMS

SBI Life to take over Sahara insurance biz

'The decision has been taken as Sahara Life failed to comply with directions of IRDAI and take any affirmative steps to protect interests of policyholders,' says the insurance regulator.

IndiGo takes on AI with overseas push

IndiGo plans to expand its network by launching direct flights to six new destinations in Africa and Central Asia. IndiGo will begin operating Mumbai-Nairobi and Mumbai-Jakarta from late July/early August, while Delhi-Tbilisi, Delhi-Baku, Delhi-Tashkent, and Delhi-Almaty will begin in August and September. Including new destinations and routes, the company will add 174 weekly international flights between June and September 2023.

Tatas plan ₹13k-cr EV cell plant in Gujarat

Tata Group to invest ₹13,000 crore in setting up a lithium-ion cell manufacturing factory in Gujarat. The plant will have an initial capacity of 20 GWh.

MPC to opt for pause

'WITHDRAWAL OF ACCOMMODATION' LIKELY TO STAY

Euro zone inflation dips, fuels rate-hike debate

EURO ZONE INFLATION eased more than expected last month as underlying price growth also slowed, fuelling a debate about the need for further European Central Bank rate hikes beyond an increase later this month.

Sebi extends time to submit comments on TER till June 8

SEBI ON THURSDAY extended the timeline till June 8 for submitting public comments on the proposed sweeping changes to mutual fund's expense ratio.

Fashion retailers prepone sales

TWO OF THE country's top fashion retailers-Ajio and Myntra-have kicked off their end-of-season sales ahead of schedule as slowdown in discretionary spending by consumers weighs on the market.

Two-wheeler sales jump 50%

DEMAND FOR PETROL and battery electric two-wheelers surged in May on account of the on-going marriage season, strong rural market and prebuying to beat the price hike.

TVS, Ather, Ola hike electric 2 Ws prices as subsidy norms kick in

ELECTRIC TWO-WHEELER makers TVS Motor Company, Ather Energy and Ola Electric have increased prices of their products as curtailed subsidy structure comes into effect from June 1.

Car sales on uphill drive in May

Auto sales best since January on strong rural buys and SUV traction

'TCS to continue investments in Cloud, cyber security & 5G'

IT BELLWETHER TATA Consultancy Services' (TCS) new chief's priorities include continuing investments across key and emerging technologies such as Cloud, cyber security and 5G, even as he embarks on an \"exciting new journey\".

Price of commercial LPG cut by ₹83.5, ATF by 7%

INDIAN OIL CORPORATION (IOCL) on Thursday slashed prices of liquefied petroleum gas (LPG) for commercial users and domestic aviation turbine fuel (ATF), marking a continued downward trend in recent months due to lower international oil prices.

CII pegs FY24 GDP growth at 6.5-6.7%

THE CONFEDERATION OF Indian Industry (CII) expects the country's economy to grow at 6.5-6.7% in the current fiscal and at 7.8% in FY22FY31, as against 6.6% in the previous decade.

Manufacturing PMI in May hits highest level in 31 months

Factory orders rise at fastest pace since January 2021

GST collections in May rise 11.5% to ₹1.57 trn

Monthly revenues at over ₹1.4 trillion for 14 months in a row

Global funds eye entry into Indian pvt credit space

GLOBAL INVESTOR FORTRESS Investment Group, US-based HPS Partners, Qatar-based Power International Holding (PIH) and others are evaluating deals in the Indian private credit space. All of them are in touch with investment bankers in India for deals in private credit, said sources aware of the developments.

IDBI Bank buyer to get tax waiver on LIC stake

CBDT amends taxation rules for notional gains over acquisition price

Go First submits 6-month revival plan

THE INTERIM RESOLUTION professional (IRP) of Go First has submitted a six-month revival plan to the Directorate General of Civil Aviation (DGCA), saying it is ready to resume operations with 26 operational aircraft and 400 pilots on its rolls.

Byju's lenders scrap $1.2-bn loan rejig talks

FIRM HID $500 MN: CREDITORS

Telcos' AGR falls 16% in Oct-Dec

THE ADJUSTED GROSS revenue(AGR) of telecom operators fell nearly 16% ona sequential basisto ₹59,015.29 crore forthe October-December quarter, according to Telecom Regulatory Authority of India Trai) data.

Banks brace for 20% TCS on credit card spends from July

Payments up to ₹7 lakh exempt for individuals in a financial year

US debt ceiling bill set for tight vote

THE DEBT-LIMIT DEAL struck by President Joe Biden and Speaker Kevin McCarthy is heading toward a vote Wednesday in the House of Representatives after clearing a crucial procedural hurdle with just days remaining to avoid a US default.

Russia reports hits on oil refineries and town near Ukraine

RUSSIA SAID UKRAINIAN artillery hit a Russian town for a third time this week and drones struck two oil refineries in an uptickin attacks on Russian territory as Ukraine prepares a Western-backed push to end Russia's invasion.

China woos Dimon, Musk as Xi aspires to boost economy

AGAINST THE BACKDROP OF TUMBLING DOMESTIC MARKETS

Unseasonal rains hit sales of ACs, beverages, others

INTERMITTENT RAIN SPELLS during the ongoing summer season have hurt sales of products such as air conditioners ACs), refrigerators and beverages, top companies have told FE.

Foreign airlines tighten grip on overseas passenger traffic

INDIA'S CIVILAVIATION market may be the third-largest in the world, but foreign airlines have consistently dominated the overseas passenger traffic. Reason: Lack of direct connectivity options, shortage of full-service carriers, below-par customer experience and service quality.