CATEGORIES

European operations to stay muted in Q1 too: Narendran

₹16,000 crore capex earmarked for fiscal

Fundraise to aid Punjab & Sind Bank's expansion: MD Saha

THE ₹250-CRORE capital raise planned by Punjab & Sind Bank (PSB) this fiscal will not only help in future expansion plans and act as a buffer against any eventuality but will also help make a difference in perceptions about the lender.

Quality control norms for drones, EVs in the works

THE GOVERNMENT IS working on finalising quality control standards for 643 new products including unmanned ariel vehicles (UAVs), electric vehicles and their charging infrastructure with the aim to notify benchmarks for some of them by June-July, commerce and industry minister Piyush Goyal said on Wednesday.

Consider farm subsidy issue with 'open mind': FM to WTO

Rich world's estimate of India's farm support faulty, say experts

Performance-based fees for MFs soon

THE SECURITIES AND Exchange Board of India (Sebi) is working on a framework for performance-based fees for mutual fund schemes, Ananta Barua, whole-time member of Sebi, said on Wednesday.

Services output growth at 13-yr high

GROWTH IN INDIA'S services sector activity quickened substantially in April, with new business growth and favourable market conditions promoting the fastest increases in output in close to 13 years, cementing the notion that the economy is in acceleration mode.

Titan shines in Q4, profit zooms 50%

JEWELLERY AND WATCH maker Titan on Wednesday reported a rise of 50% in standalone net profit to ₹734 crore for the quarter ended March (Q4). This is against a net profit of ₹491 crore in the year-ago period.

As carrier halts flights, competitors' fares surge

THE SUDDEN WITHDRAWAL of around 200 flights services per day by Go First has not just led to a rush for ticket cancellations by flyers, leading to a rise in bookings of other airlines, airfares have also reported a sharp surge.

No loan support to OMCs, finmin for equity route

₹30,000-cr support proposed in Budget for green transition

Go First dues: Wadias may offer one-time settlement

As airline has not defaulted, no bar on offering revival plan

At 36%, Pak Inflation Beats Sri Lanka's As Asia's Fastest

PAKISTAN TOOK THE crown for Asia's fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April.

Morgan Stanley To Cut 3,000 Jobs In Second Round Of Layoffs

MORGAN STANLEY IS preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking.

India, China For 'Pathways' To Reduce Use Of Fossil Fuels

BUILDING A CONSENSUS

BharatPe buys 51% in Trillion Loans

BHARATPE GROUP HAS acquired a majority stake in Mumbai-based non-banking financial company Trillion Loans.

UCO Bank net profit jumps 86%, stock climbs 2%

STATE-RUN UCO BANK on Tuesday reported around 86% year-on-year increase in its net profit to ₹581.24 crore for the fourth quarter last fiscal, backed by close to 43% Y-o-Y rise in its operating profit. The lender had posted a net profit of ₹312.18 crore for the year-ago period.

Glimmer of hope for IPO mart after dismal 6 months

In FY23, validity of 39 IPOs that were supposed to raise over ₹55,000 crore lapsed

Sun Pharma's trials on new drug put on hold by USFDA

THE US HEALTH regulator has directed Sun Pharma to stop test on a dermatological drug with a 12 mg dose regimen as its usage could lead to blood clots.

Adani Total Gas Q4 net jumps 37% to ₹104 cr

ADANI TOTAL GAS (ATGL), Adani group's city gas distribution company, has posted a 36.84% rise in net profit at ₹104 crore for the fourth quarter ended March 31, driven by overall performance. In comparison, the company had posted a net profit of ₹76 crore for the same quarter of the previous fiscal.

Ambuja Cements net falls 11% in March quarter

AT ₹763 CRORE, PROFIT MISSES ESTIMATES

Godrej Consumer may raise up to ₹5,000 crore via NCDS

GODREJ CONSUMER PRODUCTS (GCPL) on Tuesday said that it was looking to raise up to ₹5,000 crore via non-convertible debentures (NCDs).

Tata Steel Q4 net profit drops 84%

TATA STEEL ON Tuesday posted an 84.07% fall in consolidated net profit to ₹1,566.24 crore for the fourth quarter, bogged down by the European business, but beat analysts estimates.

Rural buying puts sales of two-wheelers on fast track

Volumes jump 21% to 1.27 mn units in April

Jio gets Trai relief on shared spectrum row

Additional charge only in band in which airwaves are shared

Module import curbs to hit solar projects

WHILE INDIA AIMS to install a renewable energy (RE) capacity of 500 GW by 2030, a section of solar developers are worried over the Approved List of Models and Manufacturers (ALMM), have which they think increased prices and reduced the supply of solar cells and modules.

Online gaming to attract investment after tax policy is finalised: FM

FINANCE MINISTER NIRMALA Sitharaman on Tuesday said the Goods and Services Tax Council is discussing a tax regime for online gaming and expressed confidence that the sector would attract a lot of investments once the tax is finalised.

Draft rules for angel tax in 10 days

THE INCOME TAX Department will release in the next 7-10 days draft rules on taxing proceeds from sale of shares by local unlisted companies to foreign investors if the money received is above the fair market value, a senior government official said on Tuesday.

IGST declines in Apr, reflects softening prices, fall in import

EVEN AS GROSS Goods and Services Tax (GST) collection touched a record high of ₹1.87 trillion in April, the mop-up from integrated GST on imports declined by 4.7% on year in the month, owing to contraction in imports, falling global commodity prices and the glitches in the Customs duty payments on the Electronic Cash Ledger portal.

DPIIT to seek hike in corpus of startup funding scheme

\"To increase the pace of scheme by 20%\"

Coke, Pepsi go high-octane in IPL

ENERGY DRINKS NEW TURF FOR COLA MAKERS

FY23 deficit target met, capex marginally lower

THE CENTRE IS learnt to have met the fiscal deficit target (revised estimate) of 6.4% of the nominal gross domestic product (GDP) in 2022-23, as marginally higher net (post-devolution) tax receipts offset the impact of a slight downward revision of the GDP in the second advance estimate.