CATEGORIES

Ex-Sebi chief to head Paytm advisory panel

THE BOARD OF Paytm parent One97 Communications on Friday announced formation of a threemember group advisory committee chaired by former Sebi chairman M Damodaran to strengthen compliance and regulatory matters.

Airtel Payments Bank sees spike in new bank a/c, FASTag applications

AIRTEL PAYMENTS BANK has seen a strong surge in the number of new customers applying online for opening bank accounts and offerings like FASTag over the last few days, CEO Anubrata Biswas said on Friday.

Tata Power Q3 profit rises to ₹1,076 crore

Revenue from operations rises 4% to ₹14,651 cr

Hero MotoCorp profit rises 51% to ₹1,073 crore

HERO MOTOCORP on Friday posted a 51% year-on-year (y-o-y) jump in standalone net profit to ₹1,073.38 crore during the October-December quarter.

Mamaearth parent's 03 profit zooms to ₹26 cr

HONASA CONSUMER, WHICH houses direct-to-consumer brands such as Mamaearth, Derma Co and Aqualogica, on Friday posted a 263% year-on-year rise in its net profit to ₹26 crore in the third quarter of FY24. Revenue rose 28% to 488 crore, mainly due to a 35% growth in volume.

Oyo posts ₹30-crore profit in Q3

ORAVEL STAYS, WHICH operates travel-tech platform Oyo, recorded a net profit of about ₹30 crore in the third quarter of FY24. This was 87.5% higher than the ₹16-crore profit it posted in Q2, its first profitable quarter.

Chhattisgarh presents ₹1.47-trn budget for FY25

CHHATTISGARH FINANCE MINISTER OP Choudhary on Friday presented a budget of ₹1.47 trillion for 2024-25,with no additional taxes being imposed.

Panel seeks separate farm income 'codes'

TO ENSURE BETTER tax compliance, a parliamentary panel has urged the finance ministry to explore the possibility of introducing different 'codes' for those farmers who derive their income solely from agricultural activities and those who generate incomes from both agricultural and non-agricultural sources.

Not worried about OPEC cuts, new oil supplies robust: Puri

Opec and Russia had earlier capped their oil production

Centre increases FAME-II's outlay to ₹11,500 crore

THE CENTRE ON Friday said that it has enhanced the monetary outlay of its flagship electric vehicle (EV) promotion scheme, FAME's second phase, from ₹10,000 crore to ₹11,500 crore.

ONGC to start Andaman wells drilling in May

Exploring ultra deep water assets abroad

FDI to be strong, lower inflows in FY24 not a concern, says Goyal

INDIA MAY NOT get the same amount of foreign direct investment (FDI) in the current financial year as compared to FY23, but I don't see it as a \"material factor\", said commerce and industry minister Piyush Goyal at the ET Global Business Summit on Friday.

GIFT City presents asset managers a way back home

SEVERAL FIRMS MOVING SOME OFFSHORE BUSINESS FROM SINGAPORE, DUBAI

Hyundai picks JPMorgan, Citi to accelerate $3-billion IPO

HYUNDAI MOTOR HAS appointed investment bankers JPMorgan and Citi to advise on its at least $3-billion India IPO, accelerating listing plans in the world's third-largest auto market, sources with direct knowledge said.

Green light to several chip projects soon

SEVERAL SEMICONDUCTOR ASSEMBLY and packaging projects are expected to be approved by the government before the dates for the parliamentary elections are announced.

Oil companies drag CPSEs down in FY23

CENTRAL PUBLIC SECTOR enterprises (CPSES) posted a 15% year-on-year decline in their aggregate net profits to ₹2.12 trillion in FY23, owing mainly to the decline in the earnings of oil marketing and steel companies that are vulnerable to global commodity price cycles, and reduced profitability of steel firms.

Burmans' open offer proposal for Religare runs into RBI wall

Central bank refuses to give prior permission

Top AI firms join hands to address safety risks

THE BIDEN ADMINISTRATION on Thursday said leading artificial intelligence companies are among more than 200 entities joining a new US consortium to support the safe development and deployment of generative AI.

Nawaz Sharif strikes a confident note

PAKISTAN BEGAN COUNTING votes after polling ended on Thursday in a general election marred by militant attacks and suspension of mobile phone services, with authorities saying that at least nine people had been killed nationwide.

The cost of a crisis

Paytm is using every trick in the book to check brand erosion

LIC profit rises 50% on higher fund transfer by shareholders

LIFE INSURANCE CORPORATION of India reported a nearly 50% rise in third-quarter profit on Thursday, as it moved more money to a shareholders' fund.

Banking counters drag benchmarks

THE EQUITY BENCHMARKS fell close to 1% each on Thursday, with a selloff in financials dragging the indices.

January SIP contributions cross 18,000-crore mark

NET INFLOWS INTO open ended equity mutual funds (MFs) saw a 28% jump in January over December, data from the Association of Mutual Funds in India (AMFI) showed on Thursday.

Aadhaar-enabled payments: RBI to step up security

THE RESERVE BANK of India (RBI) on Thursday proposed to enhance the security of Aadhaar-enabled payment system (AePS) transactions. The central bank said it will streamline the process for onboarding of AePS service providers and introduce some fraud risk management measures.

PUTTING OFF PIVOT CAN RISK GROWTH

RBI pitches for active liquidity management

House panel raises concerns over TV channel price hikes

THE PARLIAMENTARY STANDING committee on communications and information technology has expressed concerns over a significant increase in television channel pricing by broadcasters and recommended more freedom of choice to consumers for selecting individual TV channels.

Microsoft to expand coding initiative

Code Without Barriers to upskill 75K women in India, says Nadella

Indian firm bags contract to make Airbus 220 doors

AIRCRAFT MAKER AIRBUS on Thursday announced awarding contract to Indian company Dynamatic Technologies for manufacturing all the doors for its next-generation narrow body A220 planes, giving a boost to the government's Make in India initiative.

Zomato beats estimates with 138-crore profit

FOOD-DELIVERY PLATFORM Zomato on Thursday posted its third consecutive quarter of net profit at 138 crore in the three months ended December, compared to a loss of ₹347 crore in the year-ago period. Consolidated revenue from operations during the quarter rose 69% year-on-year to 3,288 crore.

Unilever flags pricing pressure in Indian mkt

CONSUMER GOODS MAJOR Unilever says that the Indian market, its second-largest globally, might continue experiencing deflation in pricing within skincare and fabric cleansing, as commodity inflation eases.