CATEGORIES

HDFC to mull ₹57k-cr fundraise on Mar 27

HDFC ON FRIDAY said its board would consider raising funds through non-convertible debentures (NCDs) in tranches aggregating to ₹57,000 crore.

Forex reserves fall most since Nov

FOREIGN EXCHANGE RESERVES fell $2.4 billion to $560 billion for the week ended March 10, their lowest since early-December, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.

Air India makes VRS offer to staff, again

AIR INDIA ON Friday launched a voluntary retirement scheme (VRS) for its non-flying staff with relaxed criteria for employees aged 40 and above, making it the second such offer by the Tata Sons-controlled airline since June last year.

Walmart infuses $200 mn in Phone Pe

Fundraise, which values PhonePe at $12 bn, part of ongoing $1-bn round

Wheat fields in full bloom as heatwave fears recede

BUMPER YIELD EXPECTED TO IMPROVE SUPPLIES AND REDUCE PRICES

Consent of borrowers must for NFIR to share data, says DEA secy

BORROWERS' CONSENT WILL be a must for the proposed National Financial Information Registry (NFIR) to share the data at its disposal with the lenders, economic affairs secretary Ajay Seth told FE.

Banking system stable, resilient: Das

RESERVE BANK OF India (RBI) governor Shaktikanta Das on Friday said that the country's banking system continues to be stable and resilient, and lenders have built sufficient buffers to shield themselves from any unforeseen stress.

Bharti takes on Jio with unlimited 5G data offer

IN A SIGN of the intense competition in the telecom market, Bharti Airtel on Friday allowed all its postpaid customers and those with prepaid plans of ₹239 or more unlimited access to 5G data. On Wednesday, Reliance Jio had launched postpaid plans for individuals and families that were priced at a discount of 30% to those of peers.

DEFINITION TO BE ADDRESSED: Founders to face stricter Sebi scrutiny

Must not own ESOPs if they have rights akin to promoters

Tatas cease talks on Bisleri deal

Valuation proves to be a stumbling block

Japan PM Kishida to visit next week, outline plan for 'open' Indo-Pacific

The Japanese Prime Minister will be in India on March 20-21

MFI loans rise over 25% to ₹3.2 trn at December-end

MOMENTUM FAVOURABLE, SAYS MFIN

ECB sticks to rate hike plan despite banking turmoil

Raises interest rates by 50 bps, cites long battle against inflation

US demands TikTok's Chinese owners sell stakes or face ban

SECURITY CONCERNS PROPEL GOVT ACTION

US banking system 'remains sound', Yellen tells Congress

\"The government took decisive and forceful actions to strengthen public confidence\" in the U.S. banking system, Yellen said in testimony before the committee.

Credit Suisse taps $54-billion lifeline in bid to avert crisis

Analysts say takeover a likely scenario

Patanjali Foods to go for another FPO

Patanjali To Bring Another FPO For Patanjali Foods; To Start Process From Apr, Says Baba Ramdev.

Foxconn bags AirPod order, plans $200-mn unit in India

Taiwanese contract manufacturer Foxconn has won an order to make AirPods for Apple Inc and plans to build a factory in India to produce the wireless earphones, two people with direct knowledge of the matter told Reuters.

Zee likely to repay dues to Induslnd Bank

Private lender to drop insolvency proceedings after repayment

Nod to capital acquisition of ₹70,584-cr military hardware

All systems being procured from domestic sources

PAN-Aadhaar linking 80% complete

There is no plan to extend the last date for now

PLI schemes soon for toys, bicycles, furniture

Incentive limit of ₹1.97 trn by 2030 to be unchanged

Petronas offers $460 mn for 20% in NTPC's green arm

NTPC and Petronas did not immediately respond to requests for comment. The sources declined to be named as the deal is still being finalised.

Rajesh Gopinathan to log out of TCS

K KRITHIVASAN TO SUCCEED HIM IN NEXT FINANCIAL YEAR

Apple's mega bite: Exports to top ₹37,000 cr

iPHONE SHIPMENT UP 236% IN FY23

'Google Limiting Tech Growth By Startups'

The tech giant’s policies would kill startups: Counsel

Be Cautious: ChatGPT's Comes With Unforeseen Quick Rise Privacy Risks

Experts warn that there is a potential privacy risk associated with it

Rupee dives 28 paise to close at 82.65

THE RUPEE DECLINED by 28 paise to 82.65 against the US dollar on Wednesday, amid a strong greenback against major currencies overseas and unabated foreign fund outflows.

Shaktikanta Das conferred 'Governor of the Year' award

RESERVE BANK OF India governor Shaktikanta Das has won the 'Governor of the Year' award for 2023 by international economics journal Central Banking.

Sensex closes at five-month low, Nifty slides below 17,000

THE SENSEX PARED its early gains to close down by 344 points at a five-month low while the Nifty slid below the 17,000-level on Wednesday due to selling in banking, financial and telecom stocks. Persistent foreign capital drain and lingering concerns over banks' health and high inflation dented the market sentiment, traders said.