CATEGORIES

Oil needs a helping hand from Russia

OIL PRICES RETREATED again on Monday, with the US and Brent futures sinking to the lowest since late 2021 as banking-sector turmoil saps the appetite for risk assets.

Commodities fall, oil sinks to 15-month low

COMMODITIES REMAINED UNDER pressure in the wake of UBS Group AG's emergency purchase of Credit Suisse Group AG that aims to contain a banking crisis hurting the appeal of risk assets.

Bank shares rise after Credit Suisse rescue

UBS shares rebound from 16% slump amid concerns over deal

Laxman Narasimhan joins Starbucks as CEO before schedule

STARBUCKS SAID LAXMAN Narasimhan has assumed the role of chief executive officer on Monday, two weeks earlier than planned.

Amazon to cut 9,000 jobs in 2nd round of layoffs

AMAZON.COM SAID on Monday it would cut 9,000 jobs, making it the latest Big Tech company to announce a second round of layoffs in the face of a possible recession.

PETCHEM PROJECT STILL ONGOING: In talks with lenders over Mundra: Adani

ADANI GROUP said on Monday its engagement with financial institutions over a petrochemical project at Mundra in Gujarat was still ongoing.

Order reserved in Google vs CCI case

THE NATIONAL COMPANY Law Appellate Tribunal on Monday reserved its judgment in Google's plea against the Competition Commission of India's (CCI) order for \"abuse of dominant position\" by the US-based tech giant. The NCLAT bench of chairperson Ashok Bhushan and member (technical) Alok Srivastava held marathon hearings for more than one month.

Centre's debt profile 'safe and prudent': FM

AMID DEBT SUSTAINABILITY neighbouring counSitharaman issues faced by tries, finance minister Nirmala on Monday said the risk profile of the Central government debt is 'safe and prudent' as the external liability component is just 4.5%.

CAPEX TO RISE 16% ON YEAR: TN budget gives push to urban development & infrastructure

Budget deficits seen rising in FY24, 19% growth seen in state's own tax revenue

Airtel tweaks plans to counter Jio

After unlimited 5G offer, Airtel takes on Jio with new postpaid family plan

SC directs Sebi to refund ₹300 cr to NSE

THE SUPREME COURT, by way of a partial relief to the National Stock Exchange of India (NSE) in the colocation matter, has directed the Securities and Exchange Board of India (Sebi) to refund ₹300 crore to the NSE, which was deposited by the exchange according to the disgorgement orders.

Modi, Kishida pledge to cement strategic and trade ties

Supply chains for semiconductors and critical techs discussed

Big shareholders seek to cash in as volatility weighs

BLOCK/BULK ROUTE POPULAR AMONG PROMOTERS, LARGE INVESTORS

India Inc can borrow & invest more: Finmin

WHILE THE TIGHTENING of financial conditions has raised concerns over corporate debt vulnerabilities globally, Indian companies are much less leveraged and have sufficient space to borrow further to invest, the Union finance ministry said on Monday.

FRIENDS' DAY OUT AT THE KREMLIN

It comes days after ICC’s arrest warrant against Russian prez

Goenka quits as MD, now CEAT's vice-chairman

TYRE MAKER CEAT said on Monday said that its managing director and CEO, Anant Goenka has resigned from the position to focus on group activities and has been appointed as vice chairman of the firm, reports fe Bureau. In his new role, Goenka will take up strategic functions at the group level for its next stage of growth.

Indices recover after 905-point fall

INDIAN EQUITIES STAGED a late revival to recoup part of the losses incurred in early trade, on a day when financials and tech stocks dragged the indices down after UBS stepped in to acquire embattled rival Credit Suisse.

AI chief sees end to price wars after airline mergers

Better control on capacity to help Air India & Indigo to push up fares

$3.2 BN DEAL BROKERED BY GOVT: UBS snaps up Credit Suisse

All-stock agreement; Swiss Bank offers lifeline

Amritpal still on the run

Four of his aides arrested, flown to Dibrugarh

Auto firms cautious about new emission norms

ONCE BITTEN, TWICE SHY

FY23 power consumption rises 10% till Feb

Experts say power consumption is expected to grow in double digits in the coming months in view of forecasts of unprecedented high demand, especially in summer.

Oracle Cloud powers strong customer growth

Company has doubled its customer base to 20,000 in five years

Buffett in touch with Biden on banking crisis

The calls have centered around Buffett possibly investing in the US regional banking sector in some way

Credit Suisse paths narrow on low UBS bid, govt talks

CRUNCH TIME FOR ACQUISITION TALKS

Govt sets up C-PACE to aid faster voluntary exit of firms

To ensure closure is completed in less than six months

Centre calls applications for deputy governor's post at RBI

The salary for this position is fixed at Rs 2.25 lakh per month.

Bilateral trade in rupee to gather pace soon

Approvals have been granted by the RBI to domestic and foreign authorised dealer banks in 60 cases for the opening of Special Rupee Vostro Accounts of correspondent banks from 18 countries

Govt plans to link fertiliser subsidy to land holding

Direct cash transfer proposal put in abeyance

Credit Suisse resists $1-bn bid by UBS

The offer from UBS is an all-share deal, with the Swiss government planning to change the country's laws to bypass a shareholder vote on the acquisition.