CATEGORIES

PTC India Financial deviated from loan sanction rules: RBI

THE RESERVE BANK of India (RBI) has pulled up PTC India Financial Services (PTC India Financial) for deviating from loan sanction norms and according \"excess discretionary power\" to a former top official, a Moneycontrol report said on Friday.

Our job is to build amazing tools for creators: YouTube CEO

YOUTUBE CEO NEAL Mohan sees the increasing engagement of the platform in India due to the explosion of the creator economy in the world's most populous country.

Lessors' demand to derail revival: Go First to court

GO FIRST'S REVIVAL could be derailed if a court agrees to demands of aircraft lessors, who are seeking certain records after jet parts went missing or faced deterioration, according to legal filings from the carrier.

Viacom18 strikes deal with Blackstone for Mumbai HQ

IN WHAT COULD become one of the largest office leasing deals in Mumbai, Reliance Industries-owned media and entertainment company Viacom 18 has finalised a deal with Blackstone's Nucleus Office Parks to take up 400,000 sq ft of space in One International Centre, a plush office complex in Lower Parel area of Mumbai, said sources in the know.

Evaluating 28 proposals from startups: Govt

AS THE GOVERNMENT looks to increase the adoption of semiconductor design-linked scheme (DLI) by allowing the participation of foreign and large Indian companies, it is currently evaluating at least 28 proposals from startups for chip design, minister of state (MoS) for electronics and IT Rajeev Chandrasekhar said on Friday.

P&G steps up India focus

Aims to push profit growth ahead of sales growth

Withdrawal of Monsoon from Sept 25, says IMD

THE INDIA METEOROLOGICAL Department (IMD) on Friday announced that conditions are becoming favourable for the withdrawal of southwest monsoon from the country by around September 25, signalling the end of its four-months (June-September) journey.

Saudi oil imports in Sept plunge to multi-year low

INDIA'S OIL IMPORTS from Saudi Arabia in September slumped to a multi-year low of around 5,00,000 barrels per day (bpd), most likely due to Reliance Industries Ltd's (RIL) impending maintenance shutdown of some units at its Jamnagar refinery complex and Saudi Arabian crudes becoming relatively more expensive than competing grades in the wake of production cuts by Riyadh, according to commodity market analytics and intelligence firm Kpler.

No tax incentive for bond index inclusion, says Somanathan

JPMORGAN CHASE & Co's decision to add Indian government bonds to its benchmark emerging-market index was its own without any tax concession by India, finance secretary TV Somanathan said on Friday.

No distress in household sector, only changing consumer preferences: MoF

Household savings/ nominal GDP ratio remains constant between FY14 & FY22

Travel curbs' impact on India-Canada trade ties seen short-term, minimal

Canadian investors, including pension funds, find lucrative returns in India

Growth momentum remains intact: Govt

Rise in oil prices an emerging concern, but no alarm yet

ON DAY 1, iPHONE PRO, PRO MAX SELL OUT Big rush for a taste of Apple

AS THE IPHONE 15 went on sale on Friday, the demand for the top-end iPhone Pro and iPhone Pro Max overshot supplies, leading to a waiting period of 15-20 days.

Credit system to replace laptop import licensing

IN A BIG relief for global majors like Apple, Samsung, among others, their IT hardware imports comprising laptops, tablets, personal computers and servers will not face licensing or quotas from November 1, as was initially announced by the government.

$25 BN FUNDS INFLOW EXPECTED India debuts in EM bond index

Entry into JP Morgan index to be over a 10-month period

SECOND-HIGHEST TAX DEMAND ON AN E-GAMING FIRM ₹11,140-cr GST blow to Delta

Company to pursue all legal remedies

Tesla plans battery storage plant in India

TESLA HAS DRAWN up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to enter the country.

Women's quota Bill clears Rajya Sabha test as well

33% quota for women in Lok Sabha, state assemblies set to become law

US jobless claims plunge to lowest level in 7 months

APPLICATIONS FOR US unemployment benefits fell to the lowest level since January last week, indicating a healthy labor market that continues to support the economy.

Hollywood workers resort to flea markets, bake sales

\"SET DECORATOR FOR 20 years. Single mom of 15-year-old twins,\" said the sign above a table of cupcakes, cookies and other baked goods for sale.\"Struggling to pay bills, especially my mortgage.\"

Cisco to acquire Splunk in $28-bn deal in software push

The Silicon Valley giant will pay $157 a share in cash

Sebi expands definition of 'corporate group'

Promoter is a term used for shareholders who can influence company policy

Liquidity deficit in banking system to in near term, say experts continue

LIQUIDITY IN THE banking system liquidity is likely to remain in a deficit mode in the near term, which could lead to elevated short-term borrowing rates, at least till September end, experts said.

JSW, LG Energy in talks to make EV batteries

THE JSW GROUP is in early stage talks with Korea's LG Energy Solution (LGES) about jointly manufacturing batteries in India, sources told Reuters, as it presses ahead with plans to build electric vehicles locally.

Akasa blames regulator 'inaction' as pilots quit

DGCA IS EXPECTED TO PRESENT ITS RESPONSE TODAY

Adani forms key JV for Dharavi facelift project

THE ADANI GROUP'S property unit has formed a joint venture with Mumbai's slum rehabilitation authority to redevelop the Dharavi, a key step towards rebuilding one of Asia's biggest slums that is mired in legal controversy.

Why are FMCG firms chasing Ching's Secret maker

TCPL frontrunner for up to 70% in Capital Foods

Goa primary health centre shows way ahead, takes patients online

WHEN PREM CHAND Sharma (24), a carpenter, went to the primary health centre (PHC) in North Goa's Corlim for a checkup after experiencing symptoms of fever, he saw a long queue.

Falling households savings rate to hit investments

Stock of financial assets much higher than pre-Covid level

Nashik onion mandis shut for 2nd day; prices might spike

MANDIS IN NASHIK district of Maharashtra, the hub of the country's wholesale onion trade, remained closed for the second day in a row on Thursday as traders remained on an \"indefinite strike\" demanding removal of export duty, reduction in mandi fees and stopping of agencies such as Nafed and National Cooperative Consumers' Federation of India (NCCF) from selling onion in the market yard.