CATEGORIES

Trump disqualified from 2024 ballot in Colorado, says US court

IN A STUNNING verdict, the Colorado Supreme Court has barred Donald Trump from running for president next year in the state citing his role in the unprecedented attack on the US Capitol in 2021 and ordered the exclusion of his name from the state's Republican presidential primary ballot.

UPI transactions in semi-urban, soar 118% rural stores

TRANSACTIONS ON THE Unified Payments Interface (UPI) platform rose 118% year-on-year at retail stores in semi-urban and rural areas in 2023, indicating a wider adoption beyond tier-II regions.

UK inflation slows to 3.9% in Nov, fuels rate-cut bets

UK INFLATION SLOWED far more than economists forecast in November, a surprise that prompted traders to boost bets the Bank of England will soon have to abandon its higher-for-longer narrative on interest rates.

RBI's AIF diktat to hit some NBFCs: Analysts

Lenders have been banned from investing in AIFs with downstream investments in a debtor company

A FIRST IN 17 MONTHS - Voda Idea adds 0.4 mn active users

EVEN AS VODAFONE Idea continues to report subscriber churn for two-and-a-half years, the telecom operator in September reported increase in active subscribers for the first time in one-and-a half years, according to data from the Telecom Regulatory Authority of India (Trai). Out of the total 227.5 million subscribers, the company's active subscribers at the end of September were at 199.8 million, an increase of 0.4 million from the previous month.

Safari, Harrier first to get 5-star safety rating

TATA MOTORS ON Wednesday said its SUVs Safari and Harrier have become the first recipients of the five-star rating for adult and child occupant protection as per the Bharat New Car Assessment Programme (Bharat-NCAP).

Accenture's muted outlook dashes hopes of IT recovery

IT SERVICES GIANT GAVE ONE OF ITS WEAKEST GROWTH VIEW

Trust invites Sonia, Kharge to Ram temple consecration

CONGRESS PRESIDENT MALLIKARJUNA Kharge and senior party leader Sonia Gandhi have received invitations from a delegation on behalf of the Shri Ram Janmabhoomi Teerth Kshetra Trust for the Pran Pratishtha or consecration ceremony of the Ram Temple in Ayodhya on January 22.

Will check if any info given: PM on US' Pannum claims

IN FIRST REMARKS on US allegations of an Indian national plotting to kill Khalistan separatist Gurpatwant Singh Pannun at the behest of an Indian official, Prime Minister Narendra Modi, while underlining that his government is committed to the \"rule of law\", has said if an Indian citizen \"has done anything good or bad\", the government is \"ready to look into it\".

Telecom Bill gets Lok Sabha nod

Oppn seeks clarity on multiple issues

ECB contracts jump 140% in Apr-Oct, signal capex cycle

Inflows rise 77% on year to $21.8 bn in first 10 months of FY24

Sops for hybrid models unwarranted: TaMo MD

EXTENDING INCENTIVES AND tax benefits created specifically for electric vehicles (EV) to hybrid models will defeat the main objective promoting of emission-free EVs, Shailesh Chanmanaging dra, director, Motors Vehicles and Tata Passenger Electric Mobility told FE.

Hopeful rules for OTTs will come later: Vittal

THE TELECOM BILL not touching the issue of regulating over-the-top (OTT) communication apps has not come as a disappointment for the telcos, and the industry is hopeful that it would be addressed separately at a later stage, Gopal Vittal, Airtel CEO & MD, told FE in an interview on Wednesday.

Zee, Sony to discuss new merger date

A DAY BEFORE the deadline for the proposed merger of Zee and Sony was set to lapse, the Indian broadcaster said that the two parties would discuss an extension.

Market sways into red

Benchmarks' worst session in over a year erodes ₹8.93 trillion

Bank margins may fall further in FY24

Competition for deposits intensifies: CareEdge report

Black Box eyes $2 bn revenue in 3 years

ESSAR GROUP'S IT solution provider Black Box (formerly AGC Networks) aims to double its revenue to $2 billion in the next three years, Sanjeeb Verma, president and CEO, Black Box, said in an interaction with FE on Tuesday.

Apple mulls changes as smartwatch ban looms

The iPhone maker is working on a range of legal, technical options

Hike in interchange fees crucial for white label ATM operators' survival

WHITE LABELATM (WLA) operators can survive economically only if the Reserve Bank of India (RBI) increases interchange fees to 23 per cash transaction from ₹17 currently, and 8 for each non-cash transaction from 6 currently, K Srinivas, MD & CEO of Indial Payments, the largest WLA operator, told FE.

Indices hit fresh highs

BENCHMARK EQUITY INDICES Sensex and Nifty scaled new lifetime high levels in intra-day trade on Tuesday before closing with gains on the back of buying in FMCG and oil shares and positive global cues.

RBI tightens norms for lenders investing in AIF

IN ORDER TO prevent possible evergreening of loans via investments in schemes of alternative investment funds (AIFs), the Reserve Bank of India (RBI) on Tuesday tightened norms for lenders.

Accenture sees Q2 revenue coming in below estimates

US-BASED ACCENTURE ON Tuesday reported a sequential rise of 1.8% in revenue at $16.2 billion for the first quarter of for FY24, compared to $15.9 billion it posted in Q4 of FY23.

Vedanta to raise up to ₹3,400 cr through NCDs

MINING MAJOR VEDANTA (VEDL), a subsidiary of London-headquartered Vedanta Resources (VRL), on Tuesday approved raising of up to ₹3,400 crore through issuances of non-convertible debentures (NCDs).

Satcom spectrum: Telcos and tech players on equal footing

Jio, OneWeb to face competition from Starlink, Amazon

Will hold special session to grant quota if needed: Maharashtra CM

A SPECIAL SESSION of the state legislature will be held in February 2024, if necessary, to provide reservation to the Maratha community after reviewing a report of the Backward Class Commission, Maharashtra Chief Minister Eknath Shinde told the assembly here on Tuesday.

49 more MPs suspended from LS

A DAY AFTER 78 Opposition MPs were suspended from Parliament in the highest single-day suspensions so far, another 49 Lok Sabha members were suspended on Tuesday, taking the total to 141 - 95 from Lok Sabha and 46 from Rajya Sabha since last Thursday.

G20 thinkers bat for 'minilaterals' to achieve green goals

A GROUP OF global thinkers suggested an overhaul of multilateral institutions and encouraged the growth of 'mini-laterals' such as regional organizations, global NGOs, and Big Tech companies to achieve sustainable development goals (SDGs) more effectively.

New plan may see greater pvt role in power transmission

THERE IS A need to increase private sector investments in the power generation and transmission sector, Ashish Upadhyaya, special secretary in the power ministry, said on Tuesday.

States get extra borrowing space of ₹60K cr

THE CENTRE HAS permitted 22 states an additional borrowing limit of ₹60,877 crore to ensure they are not disadvantaged by adopting fiscal reforms under the National Pension System (NPS).

Awarding of highway projects grinds to a halt

Standstill after finmin fiat against new liability under Bharatmala-II