CATEGORIES

Google's service fee a death knell: ADIF

AS GOOGLE COMES closer to updating its Play Store payments policies, the Alliance of Digital India Foundation (ADIF), a digital startup policy think tank said an 11-26% service fee for in-app purchases will be a death knell for the Indian startup ecosystem.

Odisha govt receives investment intents worth ₹26,000 crore

ODISHA GOVERNMENT ON Wednesday received investment intents of ₹26,000 crore during Odisha Business Meet held in Tokyo.

CIL to raise supply to power units by 4% to 610 MT in FY24

AS THE COUNTRY'S peak power demand is expected to increase this fiscal, state-owned Coal India (CIL) is hopeful of increasing supplies to the power sector by 4% year-on-year to 610 million tonne to meet the demand of coal-fired plants.

Plan to add 250 GW green energy capacity in 5 years

INDIA PLANS TO double its renewable energy capacity to 500 GW by adding 50 GW capacity each year for the next five years, the ministry of new and renewable energy (MNRE) said on Wednesday.

Milk production flat in 2022-23: Govt

Lumpy skin disease, lagged effect of Covid constrict output

Services PMI eases a tad in March but remains robust

DESPITE A LOSS of momentum, services sector activities remained robust in March due to favourable demand conditions and new business gains.

Savings via DBT at ₹2.73 trillion till 2020-21

TRANSFER OF ASSORTED subsidies and sops to the beneficiaries through the direct benefit transfer (DBT) resulted in gains of ₹50,125 crore in FY21, taking the Centre's savings due to plugging of leakages to 2.73 trillion between FY15 and FY21, according to a revised estimate by the government.

Residency proof enough for Mauritius treaty benefit: HC

Court overrules AAR, remands matter back to it

Jan Dhan balance nudging ₹2 trillion

90% OF ADULTS HAVE BANK/MOBILE MONEY ACCOUNTS

Apple to open first India store in Mumbai's BKC this month

APPLE IS ALL set to open its first retail store in India later this month at Jio World Drive Mall in Mumbai, named Apple BKC.

Hindalco nearly halves capex to $4.5 billion

Cites margin headwinds at its US arm Novelis, price pressures

Sebi code cracks whip on risk-free returns promise

Prior approval for material required before printing

Trump Set To Turn Himself In, Facing Historic Day In New York Court

Donald Trump, the former US president and front-runner for the 2024 Republican nomination, was due to be formally charged on Tuesday in a watershed moment ahead of the 2024 presidential election as his supporters and detractors noisily rallied outside the Manhattan courthouse where he will appear.

Warner nears deal for Harry Potter online TV series

WARNER BROS DISCOVERY is close to a deal for a new online TV series based on Harry Potter, the best-selling young adult books, according to two people with knowledge of the matter.

Finland joins NATO, Russia warns of counter-measures

FINLAND FORMALLY JOINED the NATO military alliance on Tuesday in a historic policy shift brought on by Russia's invasion of Ukraine, drawing a threat from Moscow of \"countermeasures\".

Walmart to cut 2,000 jobs at warehouses

MAY REJIG SOME ROLES

Many a slip...

PM's advice to CBI is sound, but an independent umbrella body, as mooted by former CJI Ramana, is worth weighing

Missing the future

FOREIGN TRADE POLICY - THE FRAMEWORK OF TRADE POLICY IN THE 21ST CENTURY HAS MOVED TO DEVELOPMENT AND FACILITATION OF TRADE, BUT THERE IS NO REFLECTION OF THIS IN FTP 2023

FORBES BILLIONAIRES' LIST: Ambani takes back Asia's richest tag

Gautam Adani tumbles to No. 24 in global ranking

Auto retail sales grow 14% in March

THE SUSTAINED RISE in two-wheeler volumes helped the automotive industry post a 14% year-on-year growth in March retail sales, which breached the 2-million mark in monthly volumes for the first time since November.

Maruti looks to sell 500K SUVs in FY24

AIMS TO DOUBLE MARKET SHARE IN SEGMENT

Mankind Pharma eyes ₹4,700 crore through IPO

PE FIRM CHRYSCAPITAL-backed Mankind Pharma intends to raise about ₹4,500-4,700 crore through an initial public offering (IPO) slated to hit the markets by the end of this month or early next month.

FY24 margins of 15% MSMEs to lag pre-Covid level: Report

HIGH PRICES OF commodities like crude oil and steel coupled with the inability to pass on these costs will keep the Ebitda margins of 10-15% of micro, small and medium enterprises (MSMEs) below the pre-pandemic level even in FY24, Crisil said on Tuesday.

Windfall tax on crude oil slashed to zero

THE CENTRE HAS slashed the windfall tax on domestically produced crude oil to zero and has halved the levy on diesel meant for exports to ₹0.5 per litre, given the steep fall in crude oil prices. The windfall tax on crude oil was ₹3,500 per tonne earlier and that on diesel for exports was ₹1 per litre.

Billion-dollar club: 49 firms exit, 23 make entry

INFORMATION TECHNOLOGY FIRMS accounted for a fifth of the companies that exited the billion-dollar market cap club in FY23. On the other hand, banks/financials and capital goods were investors' favourite among those that entered the illustrious club.

Valuations ease after equities time-correct

INDIAN EQUITIES HAVE seen a significant time correction in the past year and a half. The benchmark BSE Sensex was at 59,106 as of Monday's close, which is below the levels the gauge was trading at in October 2021.

World Bank cuts India growth forecast to 6.3%

ADB slashes growth forecast from 7.2% to 6.4%

Lehmann 'truly sorry' for Credit Suisse crisis

SHAREHOLDERS CONFRONT CHAIRMAN OVER UBS TAKEOVER

Ireda to list in FY24: Govt to offload 10%

STATE-RUN INDIAN RENEWABLE Energy Development Agency (Ireda) is likely to come out with an initial public offering (IPO) in FY24. The listing will include offloading of a 10% stake by the government and issuance of a 15% fresh equity by the firm, a move that will help the renewable energy project financier to boost its capacity and growth.

DISCLOSE REASONS FOR NOT ONBOARDING APPS: Stricter app store policy in the works for Big Tech

Digital India Act norms to safeguard smaller players