CATEGORIES

Biggest subscriber drop for Disney+ Hotstar as JioCinema gains ground

DISNEY+ HOTSTAR, THE streaming service of The Walt Disney Company available in India and some Southeast Asian markets, suffered an 8% sequential drop in its paid subscriber base for the quarter ended March 2023, its biggest decline to date, the company's latest results showed.

SpiceJet has no insolvency plans, to revive 25 grounded aircraft

LOW-COST CARRIER SPICEJET on Thursday said that it has no plans to file for insolvency proceedings and has started the process of reviving its grounded fleet with $50 million.

Air India pilots' unions drop opposition to new wage pact

AIR INDIA PILOTS have withdrawn their opposition to the new service and wage agreement.

Two more Go First lessors move NCLAT

TWO MORE GO First's aircraft lessors - GY Aviation and SFV Aircraft Holding - on Thursday moved the National Company Law Appellate Tribunal (NCLAT) against the order passed by the National Company Law Tribunal (NCLT) allowing initiation of the airline's voluntary insolvency plea.

Hyundai's road map in TN: ₹20,000 crore in 10 years

TO MAKE FURTHER INROADS INTO ELECTRIC VEHICLES

Direct transfer for fertiliser subsidy unlikely in FY24

SUBSIDY AMOUNT TOUCHED ₹2.52 TRILLION LAST FISCAL

Thiaga Rajan loses finance portfolio, gets IT

TAMIL NADU MINISTER Palanivel Thiaga Rajan was on Thursday relieved of the key portfolio of finance and human resources management and given the information technology department.

FM invites Japanese investors to join India growth story

DRAWING JAPANESE INVESTORS' attention to huge investment opportunities in India, finance minister Nirmala Sitharaman on Thursday apprised the investors and business leaders in Tokyo that to facilitate business, India has been easing a lot of restrictions and ensuring overall ease of doing business.

MCA tightens norms for closure of companies

FIRMS APPLYING FOR removal of their names from the Register of Companies will have to file financial statements and annual returns in order to cease business operations.

GST e-invoicing threshold to be halved to ₹5 crore

New rule to take effect from Aug 1, to help boost tax collections

E-commerce rules to align with consumer law

THE CONSUMER PROTECTION rules of the e-commerce policy that is in the works will be harmonised with the consumer protection rules for e-commerce framed under the Consumer Protection Act in 2020, a senior official said Thursday.

Equity scheme inflows decline 68% m-o-m in April

AT A FIVE-MONTH LOW

HC relief for Gameskraft in ₹21k-cr GST evasion case

THE KARNATAKA HIGH court on Thursday quashed a ₹20,989 crore show cause notice to online gaming platform Gameskraft Technologies that was issued by the Directorate General of GST Intelligence (DGGI) last year.

Adanis to raise funds for $5-bn war chest months after crisis

THREE COMPANIES CONTROLLED by Gautam Adani are considering a fundraising that may draw as much as $5 billion, according to people familiar with the matter, in a pivotal test of investor confidence in the tycoon's empire less than four months after a scathing short seller report plunged it into crisis.

FIR filed against Ashneer Grover, family members in ₹81 cr fraud

THE ECONOMIC OFFENCES Wing (EOW) of the Delhi Police has registered a first information report (FIR) against BharatPe ex-MD Ashneer Grover, his wife Madhuri Jain Grover, and family members including Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged ₹81 crore fraud following a complaint by the fintech firm.

ONDC discounts to continue for rest of the year: CEO Koshy

Says it is needed to jumpstart business

Semiconductor PLI window to remain open

Chandrasekhar says govt wants more competition and innovation

Google May Unveil Its Answer To MS's AI Search Challenge

ALPHABET INC'S GOOGLE on Wednesday is expected to unveil more artificial intelligence in its products to answer the latest competition from Microsoft Corp, which has threatened its perch atop the nearly $300-billion search advertising market.

Govt revives efforts to attract chipmakers

Move comes as proposed projects take time to take off

Vaishnaw: India most cost-effective place for semiconductors

COMMUNICATIONS AND IT minister Ashwini Vaishnaw on Wednesday said India is the most cost-effective country with regard to semiconductor manufacturing and is the only place with talent.

DoT turns to Meta to combat spam calls from WhatsApp

AMID AN INCREASE in spam calls on WhatsApp, the Department of Telecommunications (DoT) has taken up the matter with Meta to come up with a solution, according to people aware of the matter.

CIL can't take refuge under 1973 Act: CCI

Legislation does not relate to trade of coal, says regulator

JSW Infra aims to raise up to ₹2.8K cr via IPO

FILES DRAFT PAPERS

'India must reap demographic dividend'

THE RESERVE BANK of India (RBI) is focusing on strengthening the ability of financial institutions to manage thirdparty risks and outsourcing, arising from Big Tech and fintech, deputy governor Michael Patra said on Wednesday.

US inflation eases 5% for first time in 2 yrs

THE ANNUAL INCREASE in US consumer prices slowed to below 5% in April for the first time in two years, while a key inflation measure monitored by the Federal Reserve subsided, potentially providing cover for the central bank to pause further interest rates hike next month.

Pak boils as Imran charged with graft

Crackdown on Imran's supporters after violence

Paytm risk-reward ratio favourable: Analysts

THE RISK-REWARD RATIO for Paytm parent One 97 Communications has turned favourable because of its strong profitability and cheap valuations, experts said. A majority of brokerages has a 'buy' rating on the company's stock.

Whistle-blower seeks compensation of ₹56 cr from Invesco

THE WHISTLE-BLOWER WHO has filed a lawsuit against Invesco Asset Management (India) has claimed compensation of over ₹56 crore from the asset manager.

Direct market access to FPIs in commodity trade gets Sebi nod

Provision to come into force with immediate effect

GCPL profit jumps 25% in Q4, revenue up 10%

GODREJ CONSUMER PRODUCTS (GCPL) on Wednesday reported a year-on-year (y-o-y) rise of 24.5% in consolidated net profit to ₹452 crore for the quarter ended March 31, 2023 (Q4FY23), marginally ahead of Street estimates.