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Rescuers inch closer to men trapped in Uttarkashi tunnel

EFFORTS TO RESCUE 40 workers trapped in an under-construction tunnel in Uttarkashi appeared to get back on track Thursday as a highcapacity machine, flown in from the national capital, started the drilling process. The men have been trapped there since 5.30 am Sunday.

Normalisation of services demand behind falling 'core' inflation

THE SHARP FALL being recorded in core inflation, as per the Consumer Price Index, is largely a result of a decline in the inflation rate of services components, which were earlier at high levels, data analysed by FE showed. In October, core inflation was at a 43month low of 4.2%.

Indian economy still not out of the woods: RBI

RETAIL INFLATION HAS moderated due to monetary policy action and supply side interventions but the Indian economy is still not out of the woods yet and have miles to go', said the Reserve Bank of India's (RBI) monthly bulletin on Thursday.

Coal-based plants to meet much of power demand

THE PLANT LOAD factor or capacity utilisation of coal-fired thermal power plants is expected to improve 100 basis points to 65% this financial year despite strides achieved in renewable energy capacity addition, according to a study.

Slew of changes to SEZ Act likely in Winter Session

THE GOVERNMENT IS planning to bring a few amendments to the Special Economic Zones (SEZ) Act, 2005 in the winter session of Parliament, with a view to giving more operational flexibility to units in these tax-free enclaves, especially when it comes to sales in the domestic tariff area.

Ad interrupted: Why some firms gave World Cup a miss

THE 2023 EDITION of the Cricket World Cup will go down as a tournament that has broken all-time viewership records.

Delisting norms to become simpler

Revised rules for perpetual insiders on the cards, says Sebi

Just-in-time release of central funds soon

Move to curb borrowings; CSS funds to be in RBI custody, not with states

No safe harbour for platforms on AI bias

They have no business to put out experimental content, says minister

RBI tightens norms for consumer loans

Bank loans to NBFCs will also attract higher provisioning

Kohli first to climb Mount 50 in ODIS

Couldn’t be happier that an Indian broke my record: Tendulkar applauds special ton

A single view of storage for data clarity

Hitachi Vantara’s new platform removes data complexities

Xi on first US visit in 6 years, to meet Biden to thaw ties

US PRESIDENT JOE Biden is meeting Chinese leader Xi Jinping for the first time in a year on Wednesday for talks that may ease friction between the two superpowers over military conflicts, drug-trafficking and artificial intelligence.

Israeli troops enter Gaza hospital in culmination of siege

ISRAELI TROOPS ENTERED Gaza's biggest hospital on Wednesday and were searching its rooms and basement, witnesses said, culminating a days-long siege that caused global alarm over the fate of thousands of civilians trapped inside.

Legal battles, controversies dented Subrata Roy's ambitions

FROM KNOCKING ON doors to sell salted snacks and driving a Lambretta scooter in the by-lanes of Gorakhpur in Uttar Pradesh to creating Sahara India Parivar, the life of its founder Subrata Roy, as per his admirers, was worthy of a Bollywood movie.

Undistributed ₹25K cr back into focus after Subrata Roy's death

UNDISTRIBUTED FUNDS TOTALLING over 25,000 crore lying with Sebi have come back into focus after the demise of Sahara Group's chief Subrata Roy.

FPI basket: Capital goods and auto components find favour

FOREIGN PORTFOLIO INVESTORS (FPIs) have been aggressive buyers for the better part of the calendar year. Between March and August, they pumped in a net $20.6 billion into Indian equities.

Sonata Software aims to get 25% of its revenue from AI solutions in 2-3 years

SONATA SOFTWARE AIMS to get 25% of its revenue from AI solutions in the next two-three years, said Anthony Lange, chief revenue and global partner officer, told FE in an interaction.

Siemens to acquire 18% in India JV for €2.1 billion

Purchase price shows a discount of 15%

Automakers confident of meeting emission norms

Maruti shows better fuel efficiency partly on hybrid introduction

TCS transfer notice to 2,000 employees draws protest

Mostly new joinees get notices to move to different cities

Israel-Gaza conflict bad for trade corridor: FM

THE ONGOING ISRAELGAZA conflict is a worrying manifestation of geopolitical challenges for the India-Middle East-Europe Economic Corridor (IMEEC), finance minister Nirmala Sitharaman said on Wednesday, echoing the views expressed by US President Joe Biden.

Pulses inflation may stay elevated

AFTER CEREALS, RETAIL inflation in pulses category is expected to remain at elevated levels till early next fiscal despite the government selling surplus stocks in the market and duty-free imports.

Slow project awards hit highway construction

THE SLOW PACE of awarding highway projects this financial year would impact the pace of construction in 2024-25, and to remedy this situation, speedy approval should be given to the revised Bharatmala Project or an alternate programme drawn up, a senior official said on Wednesday.

Govt to meet 5.9% deficit target

No curbs on spending, borrowing to continue according to plan

After a weak summer, festive cheer for durables makers

CONSUMER DURABLES COMPANIES closed this festive season with a 25-30% growth in sales of television sets, air conditioners (ACs), washing machines and refrigerators, among other products.

RBI bans two Bajaj Fin products

eCOM, Insta EMI Card found to be violating digital lending norms

Exports rise 6.2% in October on low base

Trade deficit climbs to record high of $31.5 bn, imports increase 12.3%

10-year yield falls 6 bps to close at 7.22%

BENCHMARK YIELDS ON Wednesday closed at 7.22%, six basis points lower than the previous close of 7.28%, as softer inflation trends locally as also in the US cheered the sentiment.

₹3.27-trillion Diwali bonus for investors

SOFTER-THAN-EXPECTED inflation numbers in the US and UK, which could signal a dovish stance from central bankers, drove up indices across the world on Wednesday.