CATEGORIES

'India infra push high amid global economic turmoil'

PRIME MINISTER NARENDRA Modi on Saturday said due to the Covid pandemic and the continuing Russia-Ukraine war, the world was witnessing ups and downs in the economy, but amid this uncertainty, India was one of the countries that was investing record amount on infrastructure modernisation.

REC raises $750 million via green bonds

STATE-OWNED NON-BANKING finance firm REC Ltd on Saturday said it has raised $750 million (about ₹6,138 crore) through issuance of green bonds.

Adani Total Gas cuts CNG, PNG prices

ADANI TOTAL GAS, the city gas joint venture of Adani Group and French giant TotalEnergies, on Saturday announced a cut in CNG price by up to ₹8.13 per kg and up to ₹5.06 reduction in piped cooking gas.

IGL cuts piped gas, CNG prices by up to 9.5%

INDRAPRASTHA GAS (IGL) on Saturday reduced the price of domestic piped natural gas (PNG) by ₹5 per standard cubic metre (scm) and compressed natural gas (CNG) by ₹4.92 to ₹5.97 per kg across its various geographical areas in the country.

Family businesses must desist from legal battles, says Parekh

'INTERNAL ARBITRATOR SHOULD RESOLVE DISPUTES'

'10 parties got ₹852 cr through electoral bonds'

TEN REGIONAL PARTIES, including the DMK, BJD, YSR Congress, JDU and the AAP, have declared receiving ₹852.88 crore donations through electoral bonds in 2021-22, according to an NGO working for electoral reforms.

PM Modi inaugurates Chennai airport's new terminal building

The airport can now cater to 30 m passengers per year

Amul vs Nandini: Milk war hots up in Karnataka

DAIRY BRANDS AMUL and Nandini will compete with each other in Bengaluru, one of the country's largest milk markets, as the former makes an entry into the same.

Hatchbacks bestsellers; SUVs close behind

FY23 CAR SALES

High prices fail to dent summer travel

Airfares 65%, ARR 20% more than pre-Covid

MUDRA loans at an all-time high

₹4.32 trn given in FY23; higher value loans rise

SRK tops TIME100 reader poll, surpasses Messi, Harry-Meghan

SUPERSTAR SHAH RUKH Khan has topped Time magazine's poll for its annual TIME100 list, bagging more reader votes than football ace Lionel Messi, Prince Harry and Meghan Markle, Oscar winner Michelle Yeoh and Meta CEO Mark Zuckerberg.

Forex reserves decline $329 mn to $578 bn

INDIA'S FOREIGN EXCHANGE reserves fell by $329 million to $578.4 billion for the week ended March 31, data released by the Reserve Bank of India (RBI) showed on Friday.

JLR cash flow hopes hit by chip shortage

The global semiconductor shortage has undermined the luxury carmaker's turnaround as it struggles to work through a debt reduction plan

US-based Alight to pay $965-mn service fee to Wipro over 5 years

US-BASED CLOUD-based human resources and benefits administration services provider, Alight, will pay $965 million to Wipro over a five-year period till 2028.

ZestMoney to cut workforce by 20%

Move after PhonePe acquisition deal fails

Robust growth likely for FMCG companies in Q4

AS DEMAND PICKS UP, RAW MATERIAL PRICES EASE. GROSS MARGINS MAY ALSO SEE IMPROVEMENT

Jaishankar holds talks with South Korean counterpart

The two foreign ministers also deliberated on the overall situation in the Indo-Pacific, a region that has witnessed growing Chinese military assertiveness

RBI growth estimate 'too optimistic', will pivot to rate cuts in October: Nomura

JAPANESE BROKERAGE NOMURA on Friday said Reserve Bank's 6.5% real GDP growth estimate for FY24 is \"too optimistic\", and the central bank will pivot to rate cuts from October.

Global food prices fall for 12th consecutive month

GLOBAL FOOD COSTS fell for a 12th straight month to reach the lowest level since July 2021, though there is still little sign the rout is actually feeding through to grocery shelves.

Piped gas, CNG prices to fall by up to 11%

NEW PRICING NORMS EFFECTIVE TODAY

16th Finance Commission to be set up by Nov

THE CENTRE WILL set up the Sixteenth Finance Commission (FC) by November to assess the tax resources of the Union government and suggest a formula for their devolution to states and among them, for the five years between FY27-FY31.

Russian oil imports set to spike

SHARE OF RUSSIAN crude in India's oil import bill, which saw a huge spike since the outbreak of Russia-Ukraine conflict in February 2022, from less than 1% to above 20%, is likely to rise further in the current financial year, analysts and sources from oil companies said.

KYC verification for SIM cards to soon become fully digital

IN A BID to curb the menace of financial frauds, the department of telecommunications (DOT) is planning an overhaul of the know-your-customer (KYC) norms to tackle the issue of fake SIM cards, according to people aware of the matter.

Capex loans to start flowing to states

Most states are in compliance and project-ready

Temasek buys majority stake in Manipal

BIGGEST DEAL IN HEALTHCARE. DEAL DONE AT ENTERPRISE VALUE OF ₹40,000 CR.

India, China spar over journalist visas

INDIA AND CHINA broke into fresh diplomatic sparring on Thursday, accusing each other of creating visa hassles for their journalists posted in New Delhi and Beijing.

Home ministry orders CBI probe into Oxfam India

THE UNION MINISTRY of home affairs (MHA) has recommended a CBI probe into Oxfam India for alleged violations of the Foreign Contribution (Regulation) Act, 2010.

PM targets Opposition for 'badshahi mindset'

SETTING THE TONE for the BJP's 2024 election campaign, Prime Minister Narendra Modi said on Thursday that Opposition parties had a \"badshahi mansikta\" (imperial mindset) when they were in power.

Macron hopes Xi can use Russian ties to seek Ukraine peace

CHINA'S XI JINPING expressed willingness to speak to Ukraine's President Volodymyr Zelenskiy, the head of the EU said on Thursday, after French President Emmanuel Macron urged Beijing to talk sense to Russia over the war in Ukraine.