CATEGORIES

SC Issues contempt notice to Patanjali

THE SUPREME COURT issued a contempt of court notice on Tuesday to Patanjali Ayurveda and its director Acharya Balkrishna for allegedly flouting an undertaking given to the court not to come out with any advertisement about its drugs and to desist from making statements against \"any system of medicine\".

Boeing steps up make-in-India push as sourcing soars to 1.25 bna year

AEROSPACE MAJOR BOEING has enhanced its India-based sourcing of components and services to $1.25 billion per year, as part of its commitment to 'Make in India'.

EV demand pushes Volvo’s petrol variant into history

WHILE ONE OUT of every three cars sold in India is projected to be an electric vehicle by 2030, the penetration is faster than expected in the luxury segment, where a nonEV version of a Volvo car is now only on made-to-order.

After 12 years, Skoda eyes re-entry into compact cars

AFTER EXITING 12 years ago, premium car brand Skoda Auto is set to return to the compact car segment with a sub-4-metre sports utility vehicle (SUV) early next year.

NCLT reserves order on plea against Byju’'s

Rights issue can go ahead, but firm can’t allot shares, use funds

Poverty sees drastic fall, could be around 4.5-5%: SBI report

POVERTY LEVELS IN India have witnessed a significant decline in the past decade, and at an aggregate level, it could now be in the range of 4.5-5%, State Bank of India said in a report on Tuesday.

Affordable housing threshold to remain unchanged for now

THE GOVERNMENT HAS no immediate plan to reclassify the \"affordable housing\" segment, which is encouraged with interest subvention funded out of the Budget, a senior official from the Ministry of Housing and Urban Affairs (MOHUA) told FE.

Apr-Jan power supply deficit at 1.4%

THE COUNTRY'S POWER supply ran into a deficit of 1.4% in the April -January period, with the power companies being able to meet only 239.93 GW of the total power demand of 243.27 GW, data from the Central Electricity Authority showed.

GDP growth seen slowing to 6.7% in third quarter

THE ECONOMY FEI LIKELY grew at a three-quarter low of 6.7% in Q3FY24, compared with 7.6% in the previous quarter, mainly due to fading away of the low base effect that had supported growth in H1, an FE poll of 20 economists showed.

MCA probes China firms linked to lending apps

THE CORPORATE AFFAIRS ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official.

India pushes for solution to grain stockholding

INDIA ON TUESDAY again pushed for a permanent solution to the issue of public stockholding of food grains for food security and said the progress on the issue would precede discussions on other elements of agriculture negotiations.

Do not miss the tide, Goyal tells startups

COMMERCE AND INDUSTRY minister Piyush Goyal on Tuesday urged entrepreneurs not to \"miss the bus\" and make the most of the opportunities as India transitions to become a developed nation with a $35-trillion economy by 2047.

Lenders may take JAL to NCLT

LENDERS OF JAIPRAKASH ASSOCIATES (JAL) are planning to take the debt-laden company to the National Company Law Tribunal (NCLT).

Sitharaman guest at Express Adda today

UNION MINISTER FOR finance and corporate affairs Nirmala Sitharaman has been in charge of two key portfolios in the Narendra Modi-led government, and as India's longest-serving full-time woman finance minister, she has presented six Budgets in a row equalling the record of Morarji Desai.

Qualcomm, Jio to bring 8,000 5G smartphone by 2024-end

Product targeted at 300 million 2G users

Voda Idea plans to raise ₹45,000 cr via debt equity

Over 90% of gross debt in AGR, spectrum dues

RBI's UPI Update Positive For Paytm

Smooth transition from PPBL to alternate partners underway

Youngsters rise to the occasion as India efeat England to clinch Test series

Handy contributions from Jurel, Jaiswal, Gill & Akash Deep

RBI fines SBI, 2 others for violation of norms

THE RESERVE BANK of India (RBI) on Monday imposed a penalty of 2 crore on State Bank of India (SBI), ₹66 lakh on City Union Bank and 32 lakh on Canara Bank for violating norms.

At least 3 tankers slated to deliver Russian crude oil

VESSELS OF RUSSIAN SHIPPING MAJOR SANCTIONED

Eicher Motors faces volume growth challenge

Bajaj Triumph HeroHarley’s expansion to impact RE’s market share

BYD tries to win over European buyers with floating SUV

BYD CO. IS underscoring its European ambitions at the Geneva car show this week by showing off models including a 1,200-horsepower luxury sport utility vehicle that can float on water.

Palestine PM quits as pressure grows over post-war Gaza plans

PALESTINIAN PRIME MINISTER Mohammad Shtayyeh announced his resignation on Monday, as the Palestinian Authority looks to build support for an expanded role following Israel's war against the Islamist group Hamas in Gaza.

Broadcom to sell unit to KKR for 4 bn

CHIPMAKER BROADCOM IS selling its unit that allows users to remotely access desktops in a deal valued at about $4 billion to KKR, furthering CEO Hock Tan's efforts to streamline the firm's portfolio following its VMware takeover.

Berkshire nears 1-trn m-cap; built to last’, says Buffett

WARREN BUFFETT-LED Berkshire Hathaway inched closer to a $1 trillion market value on Monday, a milestone that would put it among a rarefied list of American businesses, after it posted its second straight record annual profit.

RBI lifting curbs on forex NDF arbitrage by banks

THE RESERVE BANK of India (RBI) is easing restrictions on banks'arbitrage trades between the outright foreign exchange over-the-counter (OTC) and the non-deliverable forward (NDF) markets, four people familiar with the matter said.

Goldman Sachs, Mubadala in $1-bn private credit tie-up to focus on India

GOLDMAN SACHS AND Mubadala Investment Company, the sovereign fund of Abu Dhabi, on Monday signed a $1-billion partnership in private credit space for the Asia Pacific region with a focus on India.

Paytm shares hit upper circuit of 5%

Troubled fintech may partner SBI, 3 others

Paint stocks fading after Birla entry

Shares fall up to 5%, lose ₹16,000 crore in market value

Reliance launches animal rescue centre

RELIANCE FOUNDATION, THE philanthropic arm of Reliance Industries (RIL), on Monday launched Vantara, an initiative to rescue and rehabilitate injured and abused animals in India and abroad.