CATEGORIES

6 clearing houses lose ESMA clearance as deadline lapses

THE EUROPEAN SECURITIES and Markets Authority (ESMA), the financial markets regulator for the European Union, has de-recognised six Indian clearing houses due to non-compliance with European Market Infrastructure Regulation norms, it said in a notification on Tuesday.

Go First files for insolvency

All flights suspended for the next two days

Bitcoin Declines After Its Longest Run Of Monthly Gains Since 2021

Bitcoin added as much as 2.5% on Sunday and was trading at $28,504

'The Godfather Of AI' Quits Google, Warns Of Danger Ahead

From groundbreaker to doomsayer

First undersea tunnels in India to open in Nov

DOWN UNDER IN MUMBAI

Telecom infra providers face coercive actions in Noida

THE DIGITAL INFRASTRUCTURE Providers' Association (DIPA) on Monday said its member tower companies are facing coercive actions from the Noida Authority in Uttar Pradesh for deploying towers in residential areas.

Midcap IT firms to face slowdown

FALLING CLIENT SPENDS

Reliance-bp seeks $11 per mBtu for more gas from KG-D6 field

RELIANCE INDUSTRIES (RIL) and its partner bp of the UK have offered for auction 6 million standard cubic metres per day of more gas from their KG-D6 block as the partners bring the deepest field in the block to production.

Auto sales in the fast lane

Wholesales rise 13% in April, retail lags at 3.5%

NDTV net plunges 98% in Q4 on weak advertising demand

THE GAUTAM ADANI-OWNED New Delhi Television (NDTV) on Monday reported a 97.5% fall in net profit (attributable to owners) to ₹59 lakh for the quarter ended March 31 (Q4FY23), as the media firm incurred one-time expenses due to severance pay and write-offs, which hurt its bottomline. The company reported a net profit of ₹24.16 crore a year ago.

Global FMCG firms flag rural demand, inflation concerns

CEOs LARGELY OPTIMISTIC ABOUT THE INDIA MARKET

Delay in approval to hybrid seeds hit cotton production

INDIA'S COTTON PRODUCTION could be adversely impacted by the emergence of new pests and the delays in approval of new-generation transgenic cotton hybrid seeds varieties, leading to farmers using unapproved ones, an apex body of seed industry has said.

MSP wheat purchases up 38% on year in April

WITH A SIGNIFICANT increase in wheat procurement by the Food Corporation of India (FCI) and state agencies last month which has given a boost to stocks, the food ministry will be initiating open market sale of the grain on a quarterly basis from July for the first time.

Focus on EV sector to help TN reach $1-trillion economy target: Report

State policy aims to convert 30% of bus fleets to EV by 2030

UAE now major supplier of aircraft parts to India

Import at $1.93 bn in FY23, from $39 mn in FY22

Pressure mounts on EPFO to extend deadline for higher-pension option

PRESSURE IS MOUNTING on the Employees' Provident Fund Organisation (EPFO) to extend the deadline for submitting joint option for higher pension with several associations and trade unions seeking a review of the May 3 deadline.

WEF: Economists divided on global economic recovery

HIGH INFLATION, FINANCIAL turbulence and the cost-of-living crisis are expected to continue globally in 2023, while longer-term concerns about the return of industrial policy-loom, the World Economic Forum (WEF) said in a report.

RBI, Sebi refuse to budge as ESMA deadline passes

'No question of yielding to a foreign regulator'

Brookfield picks up 51% in four Bharti properties

CANADA'S BROOKFIELD ASSET Management has acquired a 51% stake in Rostrum Realty, a real estate joint venture firm in which Sunil Mittal's Bharti Enterprises will hold the balance 49%. The transaction was concluded at an enterprise valuation of ₹5,000 crore, however the two sides did not disclose the size of the deal.

ED probe may delay Byju's fundraise plan

May also hit IPO of subsidiary Aakash

JPMorgan snaps up First Republic assets

Third major US bank to fail in 2 months, largest collapse since 2008

GST, rail freight, UPI hit records

GROWTH OUTLOOK IMPROVES

Maruti Suzuki expects to gain SUV market share in FY24

Misses Ebitda estimates by 4% in Q4 due to higher raw material costs.

Know which hybrid MF scheme meets your needs

The asset allocation mix should match your target allocation & risk appetite.

11 die after inhaling toxic gas in Ludhiana

AT LEAST 11 people, including a family of five, died and four were hospitalised in a critical condition Sunday morning after inhaling poisonous gas at Ludhiana's Giaspura, a thickly populated area with heavy presence of migrants.

JioCinema in fast-forward mode

REPLICATING ITS MOVE in telecom from a few years ago, Jio is now aiming to disrupt the OTT (over-the-top) market.

China's Midea Group in talks to acquire Electrolux

MIDEA GROUP IS exploring a potential acquisition of Electrolux, according to people familiar with the matter, a bold Imove by the Chinese home appliance giant to add the higher-end luxury Swedish brand despite potential political opposition.

India and Russia in talks to allow use of RuPay, Mir cards

AMID SANCTIONS ON MOSCOW

A risky bet in the short term

May generate alpha but long-term returns too don’t pose a rosy picture.

Subsidy withdrawal entices EV makers towards imports

The government’s intense crackdown on electric two-wheeler (e2W) makers for flouting norms may force several of the smaller players to overlook the subsidy benefit and instead opt for importing of components as the Centre continues to maintain a hard stance on the matter.