CATEGORIES

Flash PMI climbs to 7-month high in Feb

THE HSBC FLASH India composite Purchasing Managers' Index (PMI) rose to a seven-month high of 61.5 in February from 61.2 in January, owing to strong demand conditions, S&P Global said on Thursday.

Birla targets No.2 spot in paints sector with Opus

ADITYA BIRLA GROUP expects to rake in revenue of 10,000 crore from its paints venture and become profitable within three years of full-fledged operation.

Raveendran, wife & brother to skip Byju's EGM today

Lack of quorum may result in meeting being adjourned

Vi board meet on Tuesday to mull fundraise

VODAFONE IDEA ON Thursday said the company's board will meet on February 27 to consider and evaluate proposals to raise funds.

An exceptional jurist and humanist

FALI SAM NARIMAN, the exceptional jurist and humanist, a colossus in the courts who helped secure many a landmark verdict in modern India, whose moral authority steered and even shaped the judiciary, passed away in his sleep at his home in New Delhi an hour after midnight Wednesday Nariman was 95.

Gender-inclusive workplaces still a distant dream

DESPITE MAJOR GAINS in education and significant improvement in maternal health in the past few decades, India still has a low rate of participation of women in the paid workforce.

Popeyes comes to Delhi

JUBILANT FOODWORKS LIMITED (JFL), which holds the master franchise for Domino's Pizza and Dunkin' Donuts in India, on Wednesday unveiled a Popeyes store in New Delhi's Chandni Chowk.

Gaza war casts shadow over Europe's cultural life

Anger at Israel offensive flares in France, Italy, UK

Pak power-sharing deal sealed: Shehbaz PM, Zardari president

IN A BREAKTHROUGH that could end the political uncertainty in Pakistan, the Pakistan Muslim LeagueNawaz and the Pakistan Peoples Party have agreed on a power-sharing deal to form a new coalition government after intense negotiations following a fractured poll verdict.

US turns up heat on China's top chipmaking plant

THE BIDEN ADMINISTRATION is turning up the heat on China's top sanctioned chipmaker by cutting off its most advanced factory from more American imports after it produced a sophisticated chip for Huawei's Mate 60 Pro phone, three people familiar with the matter said.

HSBC's profit sinks 80% on $3-bn charge at China bank

HSBC HOLDINGS PLC reported fourth-quarter profit fell 80% after taking unexpected charges on holdings in a Chinese bank and from selling its French retail operations. Shares slid in London.

‘Fintech personal loan pie doubles in 5 years’

THE SHARE OF fintechs in personal loan sanctions rose to 62% of the overall volume as on September 30, from 30% in March 2019, a report from the Fintech Association for Consumer Empowerment (FACE) showed on Wednesday.

Index inclusion spurs demand for offshore rupee bonds

Global institutions, including a World Bank arm, have issued bonds worth 1.4 bn so far in 2024

63 Moons forays into cybersecurity

IT FIRM 63 Moons Technologies has forayed into cybersecurity in collaboration with global companies in the domain and is planning to set up support infrastructure in each district in the next three years, a top company official said.

Investing money in Byju’s my duty, says Raveendran

WITH BYJU'S $200 million rights issue fully subscribed, founder-CEO Byju Raveendran on Wednesday wrote to the shareholders expressing his gratitude.

JSW Steel meets banks for $750-million loan

STEELTYCOON SAJJAN Jindal plans to borrow $750 million for capital expenditure purposes as India's largest mill targets a major capacity expansion, according to people familiar with the matter.

DPIs will drive India towards a $8-trn economy by 2030

INDIA'S DIGITAL PUBLIC Infrastructure (DPIs) such as Aadhaar and Unified Payments Interface (UPI) would propel the country towards an $8trillion economy by 2030 and help it achieve the $1-trillion digital economy target, according to a report.

PhonePe unveils Indus Appstore

IN WHAT COULD challenge the monopoly of Google Play Store in the android market, Walmart-owned PhonePe on Wednesday launched a 'Made-in-India' IndusApp store for android devices.

Inequality among districts fell sharply under NDA: EAC

INEQUALITY AMONG DISTRICTS declined more sharply during the Narendra Modi-led National Democratic Alliance I government than the United Progressive Alliance II, a working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) has said.

GDP growth may slow to 6% in Q3, says Icra

INDIA'S GDP GROWTH is likely to slow down to 6% in Q3 FY24 from 7.6% in the previous quarter, mainly on account of moderation in growth of industrial and agricultural sectors, rating agency Icra said in a report on Wednesday.

Centre invites farmer groups for fifth round of negotiations

THE PROTESTING FARMERS' groups on Wednesday decided to halt their march into Delhi demanding legal guarantee for procurement of minimum support price (MSP) crops and farm loans waiver for two days.

Govt eases FDI norms in space sector

THE GOVERNMENT ON Wednesday liberalised foreign direct investment (FDI) in the space sector allowing up to 100% external participation in satellite manufacturing, launch vehicles and components.

Manpower shortage holds back advance pricing deals

THE GOVERNMENT'S PLAN to fast-track negotiations relating to Bilateral Advance Pricing Agreements (BAPAS) is being thwarted by the lack of requisite expertise and manpower to conclude the process, sources aware of the matter told FE.

CCEA approves 8% increase in cane fair price

THE GOVERNMENT ON Wednesday approved 8% hike in fair and remunerative price (FRP) of sugarcane to be paid to farmers for the 2024-25 season (October-September) to ₹340 per quintal. This is one of the steepest hike in FRP in recent years. Last year, the government had hiked FRB for sugarcane by only 3%.

Hanooman takes AI leap in March

A CONSORTIUM BACKED by Reliance Industries and the country's top engineering schools aim to launch its first ChatGPTstyle service next month, a big step in the India's ambitions to become a player in the field of artificial intelligence (AI).

Intel Foundry clicks on Wipro for chip design

WIPRO ON WEDNESDAY announced an expanded partnership with Intel Foundry for chip design. As the design services and alliance partner, Wipro will help Intel Foundry develop its most advanced process nodes, including the Intel18A process node.

Court breather for Byju's ahead of EGM fireworks

Karnataka HC gives interim relief to edtech firm

Wider Sebi probe shadow over Zee

THE ZEE ENTERTAINMENT stock crashed 15% on the Bombay Stock Exchange, touching ₹164.50 at the end of Wednesday's trade, following reports that the Securities and Exchange Board of India (Sebi) has widened the scope of its ongoing investigation into the company.

SC quashes Chandigarh mayoral election results

THE SUPREME COURT Tuesday quashed and set aside the result of the January 30 mayoral polls for the Chandigarh Municipal Corporation in which the presiding officer had named BJP's Manoj Sonkar as the winner, and instead declared Kuldeep Kumar, the AAP-Congress coalition candidate as the validly elected candidate.

AI Express launches cabin bag-only fares

Complimentary 3 kg cabin baggage also allowed for flyers