CATEGORIES

Russia oil discount to India shrinks to $4; delivery charges still opaque

The steep discounts on Russian crude oil that India has gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said

'Coal gasification business to get VGF scheme in 3 months'

Proposal for 6,000-crore VGF support has been approved by the expenditure finance panel

Why Ukraine's counteroffensive is slow

Why Ukraine's counteroffensive is slow

India fails to draw China+1 FDI flows

India’s manufacturing sector has failed to capitalize on multinational companies’ efforts to diversify supply chains away from China, foreign direct investment (FDI) data shows, even as manufacturing continues to shrink at the northern neighbour

Indian firms' Q1 earnings growth likely at 7-qtr high

Banking and automobile sectors are seen to be leading drivers of overall profits

'ICAI to soon finish financial statement review of 101 firms'

NEW DELHI : The Institute of Chartered Accountants of India (ICAI), which selected the financial statements of 101 companies for review in the 12 months to February 2023, will complete the process in a few months, said the chief of the accounting rule maker and audit self-regulator

Sebi clears decks for private equity funds sponsoring MFs

The Securities and Exchange Board of India (Sebi) on Friday issued a framework allowing private equity funds to sponsor mutual funds. It also issued rules for self-sponsored asset management companies (AMCs).

Tomatoes go missing in burgers as firms cite crop shortage

Amid soaring prices and a scarcity of quality tomatoes during the monsoon season, several fast-food restaurants in India have halted serving the culinary staple to customers.

Banks submit expected credit loss impact estimates to RBI

Banks have informed the Reserve Bank of India (RBI) about the financial impact of a proposed regime where they have to make early provisions for the loans they expect to sour, the regulator’s response to a Right to Information (RTI) request showed.

Govt weighs SFIO probe after auditor exit at Byju's

The ministry of corporate affairs is exploring the possibility of involving the Serious Fraud Investigation Office (SFIO), which has experts from different arms of the government, to probe the auditor resignation and delayed financial reporting by Think and Learn Pvt. Ltd, which runs online tutor Byju’s, two people familiar with the development said.

GST Council aims to close gold loophole

Shipping gold, precious stones above ₹2L may need e-way bills

SpiceJet must pay Marans entire ₹380 crore, says SC

Airline failed to pay 75 crore on time; need to send a clear message, says SC bench

Gujarat HC upholds Gandhi's conviction in defamation case

In a setback to Rahul Gandhi’s effort to regain his Lok Sabha membership, Gujarat High Court on Friday refused to suspend his conviction, and two-year prison sentence, in a criminal defamation case, saying that the Congress leader “breached the modesty\", and “moral turpitude\".

Trai begins consultation process to regulate OTT apps

India’s telecom regulator has started the process of consultation for regulating over-the-top or OTT services such as WhatsApp, Signal, and Telegram, where it has sought stakeholder views on selective banning of some services.

Erratic rains pose demand challenges for beverage makers

Summer sales of cold drinks were “challenging\" this year as unseasonal rains crimped demand for beverages in India, said a top executive at Coca-Cola India.

Reliance Retail plans to buy out minority shareholders

After buyback, RRVL, the holding company of Reliance Retail, will be fully promoter-owned

JLR clocks £400 mn free cash flow in Q1

Jaguar Land Rover (JLR), the luxury auto arm of Tata Motors Ltd, on Friday said it expects to report free cash flow to cross £400 million in the June quarter.

'EMs need $500-bn stimulus in face of looming debt crisis'

Mounting debt remains a major threat to emerging economies, Achim Steiner, administrator of the United Nations Development Programme (UNDP), said in an interview. While efforts are being made to ease the debt burden of developing nations, progress has been too slow, he said. The veteran civil servant proposed a $500 billion stimulus package under the sustainable development goals (SDGs) of the UN secretary-general to rescue the developing world’s financial systems. Despite some efforts by multilateral development banks and developed nations to address the issue, the efforts are insufficient as they grapple with major financial instability back home, he added.

Killer Mike turns inwards on 'Michael'

Eleven years ago, Killer Mike disavowed God in favour of the Church of Rap. On the title track of 2012's R.A.P. Music-a breakout record that catapulted him from underground also-ran to late-stage superstar-the Atlanta, US, rapper laid down the blueprint for his ministry of hip hop, with its sinners and its saints (including Robert Johnson, Muddy Waters, Aretha Franklin and other icons of black excellence and notoriety).

City archaeological museums as islands of culture

While newer museums gaze on the present as well as the future, archaeological museums in older Indian cities secure the past

What it takes to be a hive of culture

For a city to become a true culture capital, art and heritage must be the cornerstones of its development

When it comes to skincare, it's all about consistency

Looking for the newest active ingredient or treatment? A strict daily regimen might be enough for a healthy skin

The fearsome pirate who loved tea

It's a breezy sort of time in Puducherry. I stopped to enjoy the view of the sea this afternoon. The boats on the horizon reminded me of the story of a pirate who loved tea.

Coastal Gem: New South Wales Legendary Pacific Drive

The Legendary Pacific Coast Drive from Brisbane to Sydney offers panoramic views of the Pacific, adventures by the sea, luxury stays, and culinary experiences like no other

Essays by those who have nowhere to call home

For generations of Tibetans born in exile, their homeland is an imagined, mythical one, with history as their father and the culture that nourishes them as their mother.

Dating apps, glossy projects

Awareness initiatives by dating apps on gender and sexuality don't live up to their promise

ChatGPT's Explosive Growth Cools In June

Worldwide desktop and mobile traffic to the ChatGPT site decreased by 9.7% in June from May

Half of fake watches are Rolex replicas

Pre-owned dealer Watchfinder & Co is seeing a rise in hard-to-detect fakes

June was the 'world's hottest on record'

Last month was the hottest June globally on record, with abnormally high temperatures recorded on both land and sea, the European Union's Copernicus Climate Change Service said on Thursday.

Prigozhin still in Russia, says Belarus prez Lukashenko

The mercenary leader who led a short-lived mutiny against the Kremlin is in Russia and his troops are in their field camps, the president of Belarus said on Thursday, raising new questions about the deal that ended the extraordinary challenge to President Vladimir Putin's rule.