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Rich appetite raises luxury home sales

LUXURY PRICED APARTMENTS 4 crore and above recorded a 75% year-on-year (y-o-y) growth in sales to 12,935 units in 2023 from 7,395 in the year-ago period, a report said on Wednesday.

Ashwin waits, for magic and milestones

\"I THOUGHT ASHWIN would get it (500 wickets) in the first Test itself. It's okay...\" Ravindra Jadeja would crease into a lovely smile at the press conference a day ahead of the third Test. It was said in jest perhaps, but it's a good way to frame R Ashwin's toughest battle yet at home against an attacking England.

OIL SHARE TO BE HIGHEST IN TOTAL ENERGY DEMAND India's oil and gas import bill may double by 2045

THE COUNTRY'S PRIMARY energy demand, which is projected to almost double to 38.5 million barrels of oil equivalent per day (mboe/d) by 2045, will see the growth percentage of renewables being the highest at 11.5%.

'Data use will speed up as AI makes access easier'

Expensive upgrades have long plagued storage solutions. To get around the problem, Santa Clara, California-based Pure Storage offers consumers enterprise data flash storage solutions that \"cost less, perform better and are easy to manage\".

Most Nato allies to ramp up their defence spend

A RECORD 18 out of Nato's 31 countries are expected to meet the alliance's defence spending goal this year, a commitment Donald Trump has been pushing for in his White House reelection campaign.

Pakistan stocks rally as Shehbaz is set for second term as PM

PAKISTAN'S STOCKS CLIMBED for the first time in four days, while dollar bonds and rupee were largely steady as the nation looks set to get a new government with Shehbaz Sharif as prime minister.

Bezos sells 4-bn Amazon stock in four trading days

JEFF BEZOS DIDN'T wait long to start cashing in on Amazon.com's rally to start the year.

Uber unveils first-ever share buyback plan

Last week, the company achieved first full year of profitability

CSB Bank NIM in FY25 to moderate at 4.5-5%: MD

THRISSUR-HEADQUARTERED CSB BANK expects its net interest margin (NIM) to normalise between 4.5% and 5% in the next financial year, from 5.11% in Q3FY24, managing director and CEO Pralay Mondal told FE.

RIL pips PepsiCo, Shell in m-cap, enters list of top 50 global firms

Reliance becomes first Indian company to settle at 20 trillion market capitalisation

No scope for complacency, RBI governor tells banks

RESERVE BANK OF India (RBI) governor Shaktikanta Das on Wednesday expressed concerns over outlier growth' in personal loans of banks.

Healthcare drives tech spends, says CitiusTech CEO

THE HEALTHCARE SECTOR is currently driving tech spends in US as it needs to increase automation to cut down on manpower expenditure, Rajan Kohli, CEO of specialised healthcare technology and solutions provider, CitiusTech told FE.

Adani Green commissions new solar park in Gujarat

Energy from facility can power 16.1 mn homes each year

M&M profit zooms 61% to ₹2,454 crore in Q3

MAHINDRA & MAHINDRA (M&M) on Wednesday announced a 61% year-on-year jump in its standalone net profit for the December quarter, buoyed by record automotive volumes and absence of any provision that was taken in the corresponding quarter last year.

Udaan’s micro-market’ strategy shows promise, says Redseer

B2B E-COMMERCE PLATFORM Udaan is seeing a jump in customer penetration while cutting down supply chain costs with its recent \"micro-market\" strategy, which creates a small, geographically-confined area, typically including a single or a group of pin codes, consultancy firm Redseer said in a report.

Byju’s founder, investors responsible for its downturn: Ronnie Screwvala

UPGRAD'S CHAIRPERSON AND COfounder, Ronnie Screwvala on Wednesday said that Byju Raveendran, the CEO and co-founder of Byju's, along with the company's approximately 51 investors, are responsible for the firm's downturn.

Telcos' gross revenue seen at record high

THE GROSS REVENUE of telecom operators is expected to touch a record high of 3.4 trillion in the current financial year ending March, according to industry estimates.

Defence min gives record ₹1 trn orders on GeM portal

THE DEFENCE MINISTRY'S procurement through Government e-Marketplace, a public procurement platform, has crossed 1 trillion. Around half of the total amount recorded in the current financial year.

Road ministry may double defect liability period under EPC to 10 yrs

THE ROAD MINISTRY IS planning to double the defect liability period under engineering-procurement construction (EPC) contracts to 10 years to improve the quality of construction, a senior government official said.

Farm leaders to return to talks table today as protest rages on

DAY 2 OF THE 'Delhi Chalo' march by Punjab's farmers, under the umbrella of the Kisan Mazdoor Morcha, ended on a note of hope on Wednesday, with the farmer leaders accepting another invitation for talks with Union ministers Piyush Goyal, Arjun Munda Nityananad Rai on Thursday.

India has learnt to manage inflation: CEA

Constraints on supply side may continue globally: Nageswaran

Speciality steel PLI: Firms to invest ₹10k cr in FY25

Amount is over and above ₹16,000 crore expected in FY24

WPI inflation eases in Jan

INDIA'S WHOLESALE PRICE index (WPI) based inflation eased to a three-month low of 0.27% in January due to moderation in prices of key food and industrial input items, data by the commerce ministry showed on Wednesday.The fall was also aided by the statistical effect of a high base.

Cloud over SpiceJet fund infusion

LOW-COST CARRIER SPICEJET is stuck in turbulent weather, with investors reportedly having second thoughts on their commitment to infuse 2,250 crore on a preferential basis.

Affordable housing needs Centre’s push, say realtors

WITH AFFORDABLE HOUSING losing its sheen in the past couple of years, top property realtors believe that intervention from government, in terms of subsidy schemes for borrowers or reduction in interest cost for land acquisition is the only way to revive interest in it.

'If liquidity is short, interest rates will remain high'

Although the Centre's market borrowings will be smaller in FY25, State Bank of India chairman Dinesh Kumar Khara believes lenders will find it hard to pass on any rate cuts by the central bank if they are short on deposits. Excerpts from an interview with Ajay Ramanathan and Shobhana Subramanian.

Mastercard, Visa halt commercial card payments

Non-KYC compliance, laundering suspicion likely behind RBI action

IPL 2024: Disney, Viacom ready separate ad plans

DISNEY STAR AND Viacom18 will compete for a share of the Indian Premier League's (IPL) viewership and advertising for a second year in a row.

Investment to digital payment: India, UAE sign multiple pacts

PM to inaugurate the country's first Hindu temple today

Ashok Chavan joins BJP after quitting Cong

FORMER MAHARASHTRA CHIEF minister Ashok Chavan on Tuesday joined the BJP in the presence of Deputy Chief Minister Devendra Fadnavis and state party president Chandrashekhar Bawankule, saying that it was \"not easy\" to switch sides after his 38-year association with the Congress.