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Telecom spectrum worth 296,318 cr to be up for grabs

THE UNION CABINET on Thursday gave its approval for the next telecom spectrum auction across multiple bands at a reserve price of 96,317.65 crore.

India to oppose non-trade issues on WTO agenda

Abu Dhabi to hold 13th ministerial conference of WTO

ONGC Videsh in talks with Venezuela to get more crude

ONGC VIDESH (OVL), the overseas arm Oil and Natural Gas Corporation (ONGC), is in further discussions with the Venezuelan government to take crude cargoes in order to liquidate its pending dividends, chairman and MD Rajarshi Gupta said.

Govt tightens stock controls for wheat

TO IMPROVE SUPPLIES of wheat and prevent its hoarding, the government on Thursday halved the stockholding limits of the grain for traders, wholesalers, big retailers and processors, while extending the controls to March 31, 2024.

Passenger revenues of railways have stagnated over last decade

Growth below nominal GDP; freight growth even lower

NHAI raises 15K cr more via InvIT route

On track to raise over ₹45,000 cr from asset transfers in FY24

BAT signals stake sale in ITC

BAT, THE LARGEST shareholder in cigarettes-to-hotels major ITC, on Thursday said it was working towards selling some of its stake in the company.

Paytm didn’t comply on various parameters: RBI

THE RESERVE BANK of India (RBI) on Thursday stoutly defended its January 31 action on Paytm Payments Bank (PPB) by saying that there were compliance issues across various parameters, not just KYC.

RBI focus on the last mile

THE MONETARY POLICY Committee left the policy repo rate unchanged at 6.5% for the sixth straight meeting and stuck to its hawkish stance on Thursday, signaling that it's in no hurry to cut interest rates.

UPA plunged economy into a crisis: White Paper

THE CONGRESS-LED UPA government had plunged the economy into a \"crisis\" in 2014, and it took \"enormous\" effort by the Narendra Modi government to stabilise it and set it on the recovery/growth path, the finance ministry said on Thursday in a White Paper on the Economy tabled in Parliament.

Disney's investors seek clarity on streaming profits

Disney, Fox, Warner Bros Discovery to create joint sports streaming platform

Anand's Soviet-style academy students ready for global stage

BACK IN DECEMBER 2020, when India's first Grandmaster Viswanathan Anand started his chess academy, he had a modest dream: someone had \"to carry the torch forward\". Three years later, the torch is shining bright, with a queue of contenders ready to take on the mantle.

Congress dividing country, says PM

ON THE DAY Karnataka chief minister Siddaramaiah and his Cabinet colleagues protested in New Delhi against the alleged injustice in devolution of taxes to the southern states, Prime Minister Narendra Modi accused the Congress of trying to divide the country on northsouth lines.

Alibaba approves another $25 bn in buybacks

ALIBABA GROUP GREEN-LIT another $25 billion in stock repurchases, aiming to assuage investors worried about plateauing growth at a Chinese e-commerce and cloud pioneer struggling to fend off new rivals such as PDD.

Hamas proposes Gaza truce with total Israeli withdrawal

Blinken arrived in Israel after visit from Qatar, Egypt

Bolts missing from door, says Boeing blowout probe

A DOOR PANEL that flew off a Boeing 737 MAX 9 jet mid-flight on Jan. 5 appeared to be missing four key bolts, according to a preliminary report from US investigators that provided the first official look into how the frightening mishap took shape.

MFs' share in NSE firms rises to a new high

DOMESTIC INSTITUTIONAL INVESTORS have strengthened their holdings in listed entities, buoyed by inflows from retail investors.

UAE wealth fund plans $4-5-billion investments via GIFT City

ABU DHABI INVESTMENT Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5-billion fund to invest in India through the GIFT City in Gujarat, two sources with direct knowledge of the matter said.

Paytm shares jump 10%, hit upper circuit

SHARES OF ONE97 Communications, which owns the Paytm brand, climbed as much as 10% on Wednesday after media reported that the chief executive of the embattled digital payments firm had met the finance minister and Reserve Bank of India officials to try to resolve a regulatory crackdown on its payments bank business.

SGB issues for FY25 pegged 37% higher

This is equivalent to 40-45 tonne of additional gold at current prices

CV demand plunges to 7-quarter low

RELUCTANCE OF BANKS to lend and the upcoming general elections have led to a deceleration in demand for trucks with no hope for revival before June this year, say industry players.

HUL makes key changes to management committee

THE COUNTRY'S LARGEST consumer goods company, Hindustan Unilever (HUL) on Wednesday announced key changes to its management committee (MC).

Tata Consumer profit falls 21% to ₹279 cr

TATA CONSUMER PRODUCTS' third-quarter profit declined 20.7% y-o-y to ₹279 crore, missing Street estimates by a wide margin.

Nestle India Q3 profit at ₹656 cr

NESTLE INDIA ON Wednesday reported a 4.4% year-on-year rise in its net profit to ₹655.6 crore during the October-December quarter, missing Bloomberg estimate of ₹806 crore.

Britannia MD sees volume growth soon

Berry expects firm to post high single or double-digit number

India to oppose talks on non-trade issues at WTO

INDIA WILL OPPOSE any move by the developed world to get any non-trade issue like labour and environmental standards included in the formal talks at the World Trade Organisation (WTO) during the 13th ministerial conference of the global trade regulating body scheduled this month-end at Abu Dhabi.

Economists divided on revival of private capex

THE MUCH-CONTESTED question of whether a private investment cycle has commenced and is becoming broad-based still has economists divided.

‘Credit growth to be sustained in FY25'

The credit growth in the banking sector will likely be around 14% in the current financial year and is expected to further improve next year due to an uptick in private investment, financial services secretary Vivek Joshi said.

Luna latest to take the e-turn

IT'S YESTERDAY ONCE more almost for a host of iconic brands such as Kinetic Luna, Bajaj Chetak, LML Star and Tata Sierra. They were all stuck in the dark alleys of nostalgia for many Indians, but are now getting back in a new, electric avatar.

India nears $100-bn deal with Switzerland, Norway

THE GOVERNMENT IS close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion over 15 years in exchange for easier trade access to India, according to people with knowledge of the matter.