CATEGORIES

ICICI Lombard to invest in digital

It aims to improve its capabilities to better serve its customers

SBI Cards may see 23% growth in spends

Customer base & co-branded card tie-ups to drive growth

BSNL's subscriber loss in Jan highest in over a year

LOSS-MAKING BHARAT Sanchar Nigam (BSNL), which is surviving on the government's 1.64-trillion relief package, has been facing subscriber loss continuously for over a year now.

Jio Financial Services' entry could disrupt NBFC sector

Meeting of creditors, shareholders on May 2 for demerger nod

'NCLAT order on Android issue to resonate globally'

APPELLATE TRIBUNAL NCLAT'S ruling in the Google matter will open the market for \"free innovation\" and resonate as part of the global theme on abuse of dominance, Additional Solicitor General N Venkataraman has said.

Petrol, diesel sales rise on agri demand

Consumption of petrol in March was 16.2% more than Covid-marred March 2021 and almost 43% more than in the same period of 2020

March power consumption dips 0.74% to 127.52 BU

POWER CONSUMPTION DIPPED 0.74% to 127.52 billion units (BU) in March this year for the first time in 31 months, according to government data.

Unseasonal rains hit MSP wheat procurement

Purchases in Punjab & Haryana put off by 2 weeks

GST registration cancellation: Pleas for reversal allowed till June 30

THE GOVERNMENT HAS allowed businesses, whose GST registrations were cancelled for non-filing of returns, to apply for revocation of the cancellation by June 30, after paying due taxes, interest and penalty.

Financial bids for IDBI Bank likely by Sept

WITH THE PROCESSING of the expression of interests (Eols) received for IDBI Bank moving on to the next stage, department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey said financial bids for the bank are expected by September.

Rollout of labour codes not expected before 2024 polls

Hopes for notification of reformist laws from April 1 dashed

Credit card issuers see decline in revolvers

THE PORTFOLIO OF credit card issuers has seen a sharp decline in revolving credit from customers after the Covid-19 outbreak. According to bankers, before the pandemic the share of revolving credit or revolvers was 40-45%, which has now declined by 10%.

Regulator pulls up firms, auditors for flouting Ind AS norms

REVENUE FROM CONTRACTS, TRADE RECEIVABLES WRONGLY ACCOUNTED

Internal accruals to fund Adani cement expansion

ADANI GROUP IS not looking to raise any external funding to double manufacturing capacity of its cement firms, Ambuja Cements and ACC, to 140 million tonne by FY28 as the group has \"sufficient\" internal accruals.

ITC, HUL defy slowdown; Infy, RIL lose ₹2 trn each

MARKET PERFORMANCE IN FY23

Drop arbitration, list Balco: Govt to Vedanta

Wants to dilute its 49% stake in metal firm in IPO, to exit in due course

Joblessness rate climbs to 7.8% in March: CMIE

JOBLESSNESS AS MEASURED by the CMIE Unemployment Rate rose to 7.8% in March this year, marginally higher than 7.45% registered in February.

India records historic growth in coal output

INDIAN HAS RECORDED historic growth in its coal output at 982.21 million tonne (MT) in 2022-23, Union coal minister Pralhad Joshi said on Saturday.

TikTok attorney: Chinese govt can't get US data under plan

UNDER INTENSE SCRUTINY from Washington that could lead to a potential ban, the top attorney for TikTok and its Chinese parent company ByteDance defended the social media platform's plan to safeguard US user data from China.

Pak-China to resume border trade after 3 years

AFTER A THREE-YEAR hiatus, Pakistan and China are set to resume trade from Monday through the Khunjerab Pass the only land route between the two all-weather allies, a media report said on Saturday.

Pakistan govt predicts increased inflation, economic slowdown

THE CASH-STRAPPED PAKISTAN government has warned of more inflation coupled with a slowdown of the economy, blaming the delay in inking the crucial deal with the IMF for the worsening economic crisis, according to a media report on Saturday.

After indictment, Trump raises over $4 m in 24 hrs

Over 25% of donations came from first-time donors

Oumuamua was a comet after all, suggests study

Astronomers offer 'a surprisingly explanation' for the curious behaviour of the interstellar visitor in 2017 simple

Adani Ports completes ₹1,485-cr acquisition of Karaikal Port

ADANI PORTS AND Special Economic Zone completed the acquisition of Karaikal Port after a bankruptcy tribunal approved its resolution plan, according to the port unit of Gautam Adani's conglomerate.

Centre's liabilities up 2.6% to ₹151 trn in Sept quarter

THE CENTRE'S TOTAL liabilities rose 2.6% to 150.95 trillion at the end of December quarter from ₹147.19 trillion at the end of the September quarter.

Defence sector reforms are delivering good results: PM

WITH DEFENCE EXPORTS reaching an all-time high, Prime Minister Narendra Modi said on Saturday that it shows the reforms in this sector over the last few years are delivering good results.

Govt keen to make IBC more robust, says FM

'Has no hesitation in amending it'

'Govt procurement via GeM crosses ₹2 trn in FY23'

THE PROCUREMENT OF goods and services from the Government e-Marketplace (GeM) portal has crossed the 2-trillion mark in 2022-2023, commerce and industry minister Piyush Goyal said on Saturday.

UPI transactions rise 60% y-o-y in March to record 8.7 billion

TRANSACTIONS ON THE interface unified payments (UPI) platform rose 60% year-on-year (y-o-y) in March to a record 8.7 billion, data from National Payments Corporation of India (NPCI) showed.

Digital India Act will ensure openness of AI tech: Chandrasekhar

THE UPCOMING DIGITAL India Act will ensure openness of the emerging artificial intelligence (AI) technologies so that no company can monopolise or get into toll gating with regard to the use of such technologies, minister of state for electronics and IT Rajeev Chandrasekhar said.