CATEGORIES

UV sales outpace sedans, hatchbacks

Som Kapoor, EY India Automotive, Future of Mobility leader (consulting), and partner, said initially hatchbacks were the first car for most Indian buyers.

Infra development needs to move in top gear: PM

Says thrust on capex to make India developed by 2047

Sri Lanka unexpectedly raises key rate to secure IMF loan

SRI LANKA UNEXPECTEDLY raised borrowing costs for the first time in five meetings to tamp down inflation as the troubled nation looks to secure a $2.9 billion International Monetary Fund loan needed to steady its economy.

SOFTBANK SHARES FALL 0.5%: Bankers pitch Arm IPO at $30-70 bn valuation

The chip designer rules out UK listing to focus on US IPO

Belarusian Nobel laureate Bialiatski jailed for 10 years

NOBEL PEACE PRIZE winner and human rights activist Ales Bialiatski was sentenced to 10 years in prison on Friday by a court in his native Belarus which found him guilty of financing protests in a trial condemned by the European Union as a \"sham\".

IndiGo pits Boeing against Airbus in record jet order talks

BUDGET CARRIER INDIGO is in talks with both Boeing and its current supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago, industry sources said.

Outlook slashed for two Adani firms

ICRA HAS REVISED the outlook for two Adani Group companies Adani Ports and Special Economic Zone and Adani Total Gas - to 'negative, on account of the deterioration in the group's financial flexibility, which followed a sharp decline in share prices.

NCLAT refuses relief to SBI in Jet's transfer of ownership

THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) refused to grant any interim relief to State Bank of India against the National Company Law Tribunal (NCLT) order on the transfer of ownership of Jet Airways to the Jalan Kalrock Consortium. The tribunal, however, added that it will consider SBI's plea after the conclusion of the arguments.

Strong demand to keep airfares high

JAN-FEB TICKETS 25-40% HIGHER THAN IN 2020

Europe's ESG funds sell more of their Adani shares

EUROPEAN ESG FUNDS have sold off some of their Adani Group holdings, with the number listed as including the embattled Indian conglomerate down by 6% over the past two weeks.

High temperature unlikely to damage wheat crops, says food secretary

UNION FOOD SECRETARY Sanjeev Chopra asserted that wheat crops are unlikely to get damaged although temperatures are a little on a higher side and exuded confidence of achieving a record output of 112 million tonne in this crop year ending June.

World Bank offers $1 bn to improve India's health infra

THE WORLD BANK will provide a $1-billion support to India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) to improve the public healthcare infrastructure across the country.

Long-term vision can take tourism to new heights: PM

PRIME MINISTER NARENDRA Modi on Friday said \"out-of-the-box thinking\" and \"long-term vision\" can take tourism to new heights, and added that villages in far-flung areas of India have now come up on the map of tourism.

CEA: Need to distinguish free market & competition

VANANTHA NAGESWARAN, chief economic adviser to the finance ministry, on Friday, said that while competition and free markets are associated together, there is a need to distinguish between the two.

Borrowing leeway for states: 75% of annual cap in Apr-Dec

Roughly works out to be about ₹6.4 trillion

SC extends stay on order against Yes Bank AT1 bonds write-off

THE SUPREME COURT on Friday extended a stay on an order by the Bombay high court quashing the write-off of additional Tier-1 (AT1) bonds issued by Yes Bank.

Services PMI climbs to 12-year high in Feb

NEW BUSINESS GAINS and low input cost inflation pushed services sector activities growth to a 12-year high in February, even as capacity pressures remained mild and jobs rose only marginally, according to a widely regarded survey.

Foxconn plans $700-mn iPhone unit in Bengaluru

APPLE WILL BE strengthening its production base in the country, with key contract manufacturer Foxconn setting up a new factory in Bengaluru on 300 acres. Karnataka chief minister Basavaraj Bommai said the new plant, which will make iPhones, will also create 100,000 jobs.

Govt eyes tie-up with Embraer & Sukhoi to make small jets locally

Also approaches Airbus, Leonardo venture ATR

ADANI, FED EFFECT PUSH UP SENSEX BY 900 PTS: Friday fireworks on D-St

Most Asian markets end week on a high note

Tesla Vows To Halve EV Production Costs

No details about when next gen cars would be launched

Blinken, Lavrov Speak Amid War Of Words Over Ukraine At G20 Meet

US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov had a brief encounter on the meeting's sidelines during which Blinken urged Russia to reverse its decision on the New START nuclear treaty, a senior US official said.

HC pulls up DMRC over arbitral award

The court is hearing DAMEPL's petition over non-payment

'Taking Trump's America First agenda to next level'

Republican presidential aspirant Vivek Ramaswamy on Wednesday said he is taking former president Donald Trump's agenda of 'America First' to the next level to get the job done.

Pakistan raises key rate to 25-year high as crisis deepens

The current 20% is the highest since June 1997 when the central bank used a different benchmark, according to data compiled by Bloomberg.

Startup funding, in some cases, is like a ponzi scheme: Murthy

Infosys Co-Founder says the director boards of the start-ups to blame rather the young founders of the start-ups.

CCI accuses Google of 'digital feudalism'

Starting its submissions before NCLAT, the regulator said the tech giant had complied with the European Commission's orders after it was fined for breaching antitrust rules

GST rate reduced on pencil sharpeners, liquid jaggery

GST Council has reduced the tax rate on several items, including 'Rab' (liquid jagger) and pencil sharpeners.

Rice exports keep pace despite tax

Strong global demand and competitive pricing boost shipments

Current year's GDP may be revised upwards: CEA

Says numbers are based on incomplete sampling