CATEGORIES

Plan to cut IPO listing time to 3 days

THE SECURITIES AND Exchange Board of India (Sebi) has issued a consultation paper on reduction of timeline for listing of shares in public share sales from the existing six days to three days.

Sebi for more vigilance on part of AMCs

CHECKING ABUSE, FRAUD

Sebi seeks to boost liquidity in corporate bond market

WITH AN AIM to boost liquidity in the secondary market for corporate bonds, Sebi on Friday came out with a proposal for enabling direct participation by clients in the tri-party repo segment for corporate bonds.

'Small-ticket loans could give payments bank model a boost'

PAYMENTS BANKS TOUCH the lives of more than 100 million consumers each month, and enabling such players to offer small-ticket micro loans from their own balance sheets could significantly boost the viability of the model and enable more financial inclusion, Airtel Payments Bank managing director and chief executive officer Anubrata Biswas told fe on Friday.

Muthoot Finance profit falls 6%

GOLD LOAN MAJOR Muthoot Finance on Friday posted a standalone net profit of ₹903 crore for Q4FY23, compared with ₹960 crore for the year-ago period, registering a decline of 6%.

Bandhan Bank profit dives 58% in March qtr

BANDHAN BANK ON Friday reported a 57.5% year-on-year decline in its net profit to ₹808.29 crore for the fourth quarter last fiscal as provisions rose sharply and the operating profit decreased.

'ECB needs to keep interest rates high'

THE EUROPEAN CENTRAL Bank needs to keep interest rates high to curb inflation in the medium term, its president Christine Lagarde said on Friday, signalling more monetary tightening.

'Expect govt action against Google in coming weeks'

THE GOVERNMENT PLANS to take action against Google after the Competition Commission of India last year found the tech giant to have abused its market position by indulging in anti-competitive practices, minister of state for IT Rajeev Chandrasekhar said.

Tesla serious about India production: Chandrasekhar

TESLA IS \"SERIOUS\" about its plans to establish a manufacturing base in India, the country's minister of state for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker.

No more sugar exports to be allowed this season

6 million tonne of the sweetener shipped

Summer crop area dips 3%

6.99 MN HECTARES SOWN. PADDY, OILSEEDS COVERAGE DECREASES 7%

Govt not to sell ITC stake in FY24

7.85% STAKE WORTH ABOUT ₹41,000 CR. SEEKS 'OPPORTUNE TIME' TO OFFLOAD ITS BALANCE HZL STAKE

No regulatory failure in Adani probe: SC panel

THE SIX-MEMBER committee set up by the Supreme Court has not found any concrete evidence of regulatory failure on the part of market regulator Securities and Exchange Board of India (Sebi) in dealing with the alleged breach in securities laws with respect to the Adani Group.

Govt softens angel tax blow

LIBERAL EXEMPTIONS, EASIER VALUATION NORMS. SAFE HARBOUR OF 10% VARIATION

RBI approves surplus transfer of ₹87,416 crore

Centre's FY24 dividend receipts seen at over ₹1.5 trn

No TCS on forex payment up to ₹7 lakh through credit cards

THE GOVERNMENT ON Friday relaxed the recently notified regulations on spending in foreign exchange through international credit cards, amidst the concerns raised by a cross-section of the stakeholders.

₹2,000 notes to be withdrawn

Exchange window kept open from May 23 to Sept 30

Domino's To Add ONDC On Its Menu

TECH INTEGRATION ON THE CARDS

In Battle Over AI, Meta Decides To Give Away Its Crown Jewels

IN FEBRUARY, META made an unusual move in the rapidly evolving world of artificial intelligence: It decided to give away its AI crown jewels.

After his repeated swipes at SC, Rijiju loses law ministry

CABINET RESHUFFLE

Congress names Siddaramaiah as Karnataka CM

Shivakumar to be his only deputy

Peak power demand climbs to fresh record

THE RISING HEATWAVE in India soared the country's peak power demand to a new high of 2,21,076 MW on Wednesday as per the Grid Controller of India Ltd, raising concerns about power shortages as temperatures continue to rise.

SIM card may be made a must to use WhatsApp

WHATSAPP IS MULLING an update wherein users can use the instant messaging app only if a mobile phone has a SIM card.

SBI Q4 profit jumps 83% on strong NII growth, stable NPAS

HIGHEST-EVER YEARLY PROFIT AT ₹50,232 CRORE

Siege around Imran Khan home continues

PAKISTANI POLICE KEPT up their siege around the home of Imran Khan as a 24-hour deadline given to the former premier to hand over suspects allegedly sheltered inside expired on Thursday.

Alibaba breakup starts with cloud arm spinoff

ALIBABA GROUP HOLDING will explore initial public offerings for its logistics and grocery arms while hiving off its $12-billion cloud business, kicking off the first phase of a much-anticipated breakup to try and revive anemic revenue growth.

BT plans to cut up to 55,000 jobs following fibre rollout

Number of workers to reduce to 75K-90K by 2030

Amazon's cloud arm to invest ₹1.06 trn in India

AMAZON WEB SERVICES (AWS), e-commerce giant Amazon's cloud computing subsidiary, will invest ₹1.06 trillion ($12.7 billion) for cloud infrastructure in India by 2030, targeting the growing customer demand for the services in the country.

Byju's Alpha sued by loan agent for $1.2 bn

ONE OF INDIA'S hottest tech companies, Byju's Alpha, was sued by an agent for lenders in connection with a term loan of $1.2 billion after months of negotiations between creditors and the education technology firm.

E2W prices set to rise as govt plans cut in FAME-2

CUSTOMERS MAY NEED TO PAY AROUND 33% MORE