CATEGORIES

Sebi rejects NSE's settlement plea

THE SECURITIES AND Exchange Board of India (Sebi) has rejected a settlement application by the National Stock Exchange (NSE) in the co-location case.

Jadeja's hometown awaits his turn

The all-rounder has been enduring a relatively tough time, both on and off the field, but a game in his home-ground could offer revival

Six Indian B-schools In FT top 100 list: ISB best in country

China had just four, whereas the US dominated with 43 B-schools in top 100

Easy win for Nitish as 3 RJD MLAs, missing’ JD(U) MLAs back him

THREE RJD MLAS crossed over to the NDA while five absent JD(U) MLAs turned up with just a few minutes to go for voting, helping Chief Minister Nitish Kumar win the trust vote easily on Monday with 129 votes in its favour. There was no vote against, as the Opposition walked out before the voting.

Qatar frees eight former Indian Navy personnel

7 have returned, appreciate Emir’s decision to enable release: Govt

Coal India profit rises 17% in Q3

COAL INDIA ON Monday reported a 16.9% rise in consolidated net profit to 9,069.19 crore for the December quarter on the back of higher sales.

SAIL profit falls 22% to ₹423 cr

STATE-OWNED STEEL AUTHORITY of India (SAIL) on Monday reported a 22% fall in its consolidated net profit to 422.92 crore for the quarter ended in December 2023 due to lower income.

Tractor-trolleys start from Punjab to join Delhi protest

ATEAM OF Union ministers on Monday evening held talks in Chandigarh with farmer leaders to dissuade them from their 'Delhi Chalo' march, even as tractor-trolleys set out from different parts of Punjab earlier in the day to join the protest.

Bharat Forge profit soars 223% in Q3 to 254 crore

BHARAT FORGE ON Monday reported a 223% year-on-year jump in its consolidated net profit to ₹254.45 crore during the October-December quarter.

LIC sees growth in non-par business

Driven by its newly introduced plan Jeevan Utsav

Unilever CEO: Investor Peltz backs strategic changes

UNILEVER CEO HEIN Schumacher said board member Nelson Peltz is \"fully behind\" a recently devised strategy to re-invigorate the company, showing that he still has the backing of the activist investor who endorsed his appointment last year.

Diamondback to aquire Endeavor in $26-bn deal

SHALE PRODUCER DIAMONDBACK Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt.

Old parties near deal to thwart Imran Khan

PAKISTAN'S TWO MAIN family controlled political parties are drawing closer to forming a coalition government that would thwart Imran Khan's group, even after the jailed former cricket star's candidates won the most seats in the country's contentious election.

Awaiting nod for OCL investment in payment services arm: Paytm

FINTECH FIRM ONE97 Communications (OCL) on Monday said it has not received the government approval for a downstream investment in payment aggregator subsidiary Paytm Payment Services (PPSL).

UPI services rolled out in Sri Lanka, Mauritius

INDIA'S UNIFIED PAYMENTS Interface (UPI) services were rolled out in Sri Lanka and Mauritius on Monday, making it easier for crossborder transactions for people travelling to these countries and vice versa.

REL: RBI rejects Burmans’ open offer proposal

THE RESERVE BANK of India (RBI) has rejected the Burman family's open offer proposal for Religare Enterprises (REL), stating the application should be submitted by the non-banking financial company (NBFC), according to an exchange notification by the latter.

PSU, financial counters drag Indices; VIX rises above 16

A VOLATILE SESSION saw the benchmark indices trade lower on Monday, dragged by a slide in the broader markets.

RIL tops the list of most valuable Indian companies

WITH A MARKET cap of ₹15.6 trillion, Reliance Industries (RIL) topped the chart of the most valuable Indian companies in 2023, for the third year in a row, closely followed by Tata Consultancy Services (TCS).

First test flight from Noida airport in March, says CEO

THE FIRST TEST flight from Noida International Airport is expected to take place in March, with complete operationalisation expected by the end of the year.

Oyo reaches out to Sebi to expedite IPO

TRAVEL-TECH PLATFORM OYO'S lead bankers and senior executives recently met officials at Securities and Exchange Board of India (Sebi) to provide an update on the company's business, in an attempt to expedite its IPO approval, said sources close to the matter.

Apparel, FMCG firms see red over new rule on payments to MSMEs

A NEW LAW on payments to micro, small or medium enterprises (MSMEs) has caused significant discomfort to organised apparel retailers, top sources told FE.

BJP govt has provided 1.5 times more jobs in 10 years: PM

PRIME MINISTER Narendra Modi on Monday said his government has given 1.5 times more jobs in its 10 years than the previous dispensation did in the same duration.

Food inflation eases to 8.3% in January

THE INDIAN ECONOMY showed signs of strength at the beginning of the year, with food inflation softening to 8.3% in January 2024 from 9.53% in December last year. The decline was attributed to the sequential softening of onion prices and a lower base effect, signalling positive trends.

Share copies of reports with creditors, debtors: IBBI to RPs

IN ORDER TO bring fairness to bankruptcy cases, the Insolvency and Bankruptcy Board of India (IBBI) has asked resolution professionals (RPs) to share copies of their reports with both creditors and debtors in an insolvency case.

GAIL exploring gas reserves on west coast in tie-up with ONGC, Oil India

STATE-OWNED GAIL India, in partnership with Oil and Natural Gas Corp (ONGC) and Oil India (OIL), is exploring possibilities for gas storage facilities along the west coast of India, chairman and managing director Sandeep Kumar Gupta told FE on Monday.

Lower borrowings to help moderate inflation: Das

LOWER BORROWINGS BY the Centre in 2024-25, which have already softened yields on government securities (G-secs), will help bring down inflation, Reserve Bank of India governor Shaktikanta Das said on Monday.

CPI inflation at 3-month low of 5.1% in January

Sharp rise in manufacturing activity aids Dec IIP growth

RBI's growth forecast optimistic: Economists

Most peg next fiscal’s growth at around 6.5%

KTM maker rejigs Bajaj partnership

THE INDO-AUSTRIAN ALLIANCE of Bajaj Auto and Pierer Mobility (formerly known as KTM) will restructure their operations in India. This will be done in tandem with the expansion of its product portfolio and positioning India as the exclusive manufacturer of entry KTM bikes, globally.

SpiceJet’s layoff plan to result in 100-cr savings

FINANCIALLY TROUBLED LOW-COST carrier SpiceJet plans to bring down its annual cost by around 100 crore, mainly by laying off employees.