CATEGORIES

PNB's AT-1 bonds sail through

Indian banks have so far raised ₹34,394 cr through AT-1 bonds

Deutsche, UBS fall on financial crisis worries

The German bank’s credit default swaps rise the most in 4 yrs

NSE rolls back hike in transaction charges

THE BOARD OF directors of the National Stock Exchange of India (NSE), in its meeting held on March 23, decided to roll back the increase of 6% in transaction charges in cash equities and equity derivatives segments, with effect from April 1.

Nexa's next: Overtake Hyundai, Tata

MARUTI SUB-BRAND POSTS 47% GROWTH IN CURRENT FISCAL

Big blow to Cong as LS disqualifies Rahul

A DAY AFTER Congress leader Rahul Gandhi was convicted by a Surat court and sentenced to two years in jail in a defamation case over his Modi surname remark, the Lok Sabha Secretariat issued a notification Friday, announcing that he is no longer a member of the Lower House.

35% of debt fund money may get impacted

THE FINANCE BILL amendment that removed long-term tax benefits for debt funds took a toll on shares of asset management companies (AMCs) on Friday.

LOK SABHA PASSES FINANCE BILL WITH 64 AMENDMENTS: THE STING IN THE TAIL

Debt mutual funds lose long-term tax advantage. STT on F&O hiked by 25%; tax on royalty fee doubled. Finance secretary-led panel to address threat to pension reforms

Shortly After Adani, Hindenburg Shorts Jack Dorsey's Firm Block

Report reveals 40-75% fake accounts

Those Earning A Little Over ₹7 Lakh May Get Tax Relief

Taxpayers earning just a little above the ₹7 lakh income tax rebate limit in the new concessional regime could be in for a relief.

Govt seeks data on PSBs' bond portfolios amid global turmoil

The data collection process has been going on for the last few days

Pakistan works on fuel pricing scheme despite IMF concerns

PAKISTAN IS DRAFTING a fuel pricing scheme aimed at helping the poor, the petroleum minister said, a programme that some economists fear could hinder a crucial International Monetary Fund pay out needed to prevent economic collapse.

Toshiba accepts $15-bn buyout offer from JIP

TOSHIBA ACCEPTED A buyout offer from a Japanese consortium, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history.

Mercedes-Benz to drive in 4 new EVs

GERMAN LUXURY CARMAKER Mercedes-Benz India wants 25% of its India sales to come from electric cars in the next four years (by 2027), and for that it will launch four allnew EV models in 8-12 months, a top global executive of the company told FE.

Kiran Mazumdar-Shaw retires from Infy board

IT SERVICES MAJOR Infosys on Thursday announced the retirement of Kiran Mazumdar-Shaw as independent director of the board, effective March 22, upon completion of her tenure.

Rural demand to start picking up, says ITC's Puri

COMMODITY PRICES ARE cooling off and rural demand is expected to pick up, ITC chairman and managing director (CMD) Sanjiv Puri said on Thursday.

Tata mulls $2-bn Neu investment

Fresh capital can help super app fix glitches, strengthen offerings

Modi surname remarks: Rahul convicted in defamation case

Court suspends sentence, gives 30 days to file appeal

Second G20 group to debate global macro issues: CEA

Inflation, energy climate change & security on agenda

Lok Sabha approves ₹45-trn Budget without debate

THE LOK SABHA on Thursday approved the Centre's 45 trillion expenditure plan for 2023-24 without any discussion due to an impasse in the House over allegations and counter allegations between treasury and opposition benches.

Parliament nod likely today for GST appellate tribunal

DECISIONS TO HELP BOOST TAX COLLECTION

Accenture to cut 19K jobs, cuts projections

Revenue growth pegged at 8-10% from 8-11% earlier

Long-term capital gains in debt mutual funds set to go

KEY CHANGES TO TAX PROPOSALS IN FINANCE BILL

Sunak Overcomes Opposition, Wins Post-Brexit Vote

"Stormont brake", aimed at offering Northern Ireland more control over whether to accept any new EU laws.

Air India eyes to enhance tie-ups with airports

The airline has put in place a roadmap under Vihaan.AI for transformation over a five-year period.

Iron ore extends losses on demand concerns

On the Singapore Exchange, the benchmark April iron ore was 1.53% lower at $121.6 a tonne as of 0222 GMT, the lowest since Feb. 14.

Ukraine, IMF agree on $15.6-bn package to boost govt finances

To help in post-war recovery, ensuring financial stability

Focus on cost-cutting after first revenue fall, says Tencent

Analysts on average had expected 555.15 billion yuan, according to Refinitiv.

UK inflation rises to 10.4% unexpectedly

BoE likely to increase rates by 25 basis points

Demand slump no deterrent to Okinawa expansion plans

Plans afoot to raise capacity by more than four times

No let-up in elevated milk prices seen this summer

Supply crunch persists even as demand picks up