CATEGORIES

Religare seeks fresh probe against previous leadership

Firm asks fora fair and proper investigation

Jindal Power's Eol for beleaguered Go First

GROUNDED AIRLINE GO First has received an expression of interest (Eol) from Jindal Power, two banking sources and two people aware of the development told Reuters.

Byju's lenders appoint Kroll to safeguard charged assets

BYJU'S LENDERS HAVE appointed risk advisory firm Kroll to safeguard charged assets -- assets used as collateral to secure a loan, allowing the lender to seize them if the borrower defaults- of Great Learning and Byju's Singapore entity.

Blackstone & KKR among suitors for Aster acquisition

PRIVATE EQUITY FIRM BPEA EQT and Ontario Teachers' Pension Plan Board are among firms considering a deal to acquire Aster DM Healthcare assets including its India business, according to people familiar with the matter.

TCS sees staff count fall by 6,333 in Sept quarter

TATA CONSULTANCY SERVICES (TCS) sawits total headcount falling to 608,985, down by 6,333 from 615,318 in the previous quarter. The company attributes this to more people it lost than it hired in the just concluded quarter of the fiscal.

High oil prices may remain a problem

Global crude prices have been volatile since September

DoT to upgrade fibre cable quality standards for telcos and ISPs

IN A BID to address challenges with regard to weak internet connectivity due to deployment of poor quality optical fibre cable (OFC), the department of telecommunications (DoT) is soon expected to come up with new quality standards for telcos and internet service providers (ISPs) regarding the use of OFCs.

Debt stress high for Rajasthan, sops could slow Telangana's capex pace

THE CONGRESS-RULED Rajasthan and Bharat Rashtra Samithi-ruled Telangana are seeing a flurry of welfare scheme announcements by political parties, which, if implemented, could exacerbate the debt stress of these states.

Cabinet approves royalty rates for lithium mining

3% royalty rates for lithium, niobium, 1% for rare earth elements

Willing to support IMF on resource mobilisation: FM

FINANCE MINISTER NIRMALA Sitharaman on Wednesday said India is willing to engage with the International Monetary Fund (IMF) to work with developing countries in facilitating domestic resource mobilisation to meet massive development needs and global challenges.

Income from capital gains zoomed 89% in pandemic year

INCOME FROM CAPITAL gains reported by taxpayers surged in the financial year 2020-21 (assessment year 2021-22), the year ravaged by the pandemic, while \"salary income\" of individuals grew at a much lower pace, as per the statistics released by the tax department recently.

Adani-Gulf Asia fund ties under lens

THE SECURITIES AND Exchange Board of India (Sebi) is investigating the relationship between the Adani Group and a fund incorporated in the British Virgin Islands to see if there has been a violation of share ownership rules, two sources with direct knowledge of the matter said.

Bonding with rural poor

CHANDRASHEKHAR GHOSH recalls a time when moneylenders would threaten him and his team as they went about disbursing loans to poor women in the villages.

Bharti to buy out AXA's stake in JV

BHARTI GROUP ON Wednesday said it has entered into a binding agreement with its joint venture partner AXA to acquire the French insurer's 49% stake in Bharti AXA Life Insurance.

TCS logs profit in Q2, but misses estimates

Order book crosses 10 billion for the third consecutive quarter

Aadhar Housing IPO likely by March next year: MD

LOW-INCOME MORTGAGE MAJOR Aadhar Housing Finance may apply for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) by March end, MD & CEO Rishi Anand told FE in an interaction.

Amazon dangles Prime Day deals with shoppers in 'driver's seat'

AMAZON'S FALL SALE for Prime subscribers kicked off Tuesday, with the e-commerce giant looking to get a jump on what's expected to be a humdrum holiday shopping season.

SPIVA: 58% active funds underperform BSE 100

MOST INDIAN EQUITY large-cap funds failed to beat their benchmark, with 58% of actively managed funds under performing the BSE 100, shows the SPIVA India Scorecard for the first half of 2023.

Realty indices hit 15-year high on record sales

THE S&P BSE Realty Index, which tracks realty stocks, hit 15-year high on the better prospects for the property stocks after some of the real estate companies announced record sales in second quarter of the current financial year.

Smaller banks raise savings interest bar

They recover the cost by pricing their loans higher than big banks

Musk's Starlink addresses DoT's concerns on satcom

ELON MUSK-BACKED STARLINK is understood to have addressed the department of telecommunications' concerns on national security related to its proposed satellite communication services in the country, officials said. A meeting between the two sides was held on Tuesday, officials added.

Orbit moves SC over AGM non-disclosure by Finolex

ORBIT ELECTRICALS, A promoter of Finolex Cables (FCL), has filed an interim application before the Supreme Court, seeking its direction to the scrutiniser to declare the voting results of a resolution.

E-comm firms see strong sales during festive season

THE FESTIVE SEASON has kicked off to a strong start for ecommerce companies such as Amazon, Flipkart, Myntra, Meesho and Snapdeal, with estimates suggesting that the growth over last year's sales is higher by around 22%.

Suzlon charts a strong path post debt restructuring

LAST MONTH, CRISIL Ratings upgraded the 4,054 crore worth of bank facilities of Suzlon Energy and removed rating watch with developing implications? \"The rating upgrade factors in sharp reduction in debt (paying off the entire term debt) done from the proceeds of a recent QIP,\"the agency had noted.

Adani Group moves to refinance $4.5-bn debt this month

ADANI CEMENTS, THE holding company of Adani Group's cement firms, is looking to restructure its $4.5-billion debt incurred for the acquisition of Switzerland-based Holcim Group's stake in ACC and Ambuja Cements. The firm intends to complete the refinancing of the debt this month.

IndiGo's fare hike reflects poor pricing power of full carriers

INDIA'S LARGEST AIRLINE IndiGo announced a price hike of up to ₹1,000 from October 6 to offset the sharp rise in jet fuel prices. It has become the first from its pack to announce the hike while its peers including Air India are yet to follow suit.

PLI for white goods: Govt tightens rules

More clarity on valuing captive use, related-party transactions

Four poll-bound states key contributors to grain stocks

MP, Telangana step up MSP purchases of wheat, rice respectively

Nearly 70% of taxpayers opted for new tax regime, says CBDT chief

AROUND 60-70% OF the individual taxpayers have likely shifted to the exemption-less personal income tax (PIT) regime, Central Board of Direct Taxes (CBDT) chairman Nitin Gupta said on Tuesday, indicating that the steps announced in the Budget FY24 including making it the \"default regime\" has worked.

BoB barred from onboarding on app

THE RESERVE BANK of India (RBI) on Tuesday directed state-owned Bank of Baroda (BOB) to suspend any further on-boarding of customers onto the bank's flagship mobile application - 'BoB World'.