CATEGORIES

Strategic-sector CPSES to get more investment autonomy

Cabinet nod may be waived for investments of 60% net worth

E-tailers set for best festive season

ONLINE RETAILERS ARE expected to see their festive season sales rise up to 20% this year to touch a gross merchandise value (GMV) of over 90,000 crore, according to market research firm Redseer Strategy Consultants.

Trade deficit climbs to 10-month high in Aug

MERCHANDISE TRADE DEFICIT in August climbed to a ten-month high of $24.16 billion though the pace of decline in exports came down during the month, strengthening hopes of a rebound in the near future.

Low bids: NHAI scraps TOT tender

THE NATIONAL HIGHWAYS Authority of India (NHAI) has scrapped the tender process for monetisation of two bundles of highways due to lower-than-expected bids and decided to start the process afresh, a senior official said on Friday.

Share of food in CPI may fall

Revised retail inflation index only in 2025

Tata Steel to get £500 mn from UK

TATA STEELAND the UK government on Friday announced a joint investment package of £1.25 billion to convert the former's coal-based steelmanufacturing at Port Talbot plant into loweremission electric arc furnace (EAF).

Antiviral against Nipah has arrived: Kerala govt

THE KERALA GOVERNMENT on Thursday said the monoclonal antibody required for treatment of those infected by the Nipah virus has arrived in the state.

IIT-B makes AI, Data Science a must for undergrad students

The idea is to give initial knowledge to students

Arm's IPO values chip designer at $54.5 billion

SOFTBANK GROUP CORP. satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year's biggest initial public offering, while resisting the temptation to try for more.

Morocco, Libya death toll nears 9,000

RESCUERS WADED IN waist deep water in Libya and dug through crumbled mud brick buildings in Morocco in search of survivors after dual natural disasters over the weekend left at least 9,000 people dead.

Putin accepts Kim's invitation to N Korea

RUSSIAN PRESIDENT VLADIMIR Putin has \"gratefully accepted\" North Korean leader Kim Jong Un's invitation to visit his country, the Kremlin said on Thursday, after the two men held a rare summit in Russia's Far East.

DGCA pulls up P&W for IndiGo engine issues

THE DIRECTORATE GENERAL of Civil Aviation (DGCA) has taken up the three incidents of IndiGo planes suffering engine issues in recent weeks with Pratt & Whitney (P&W), and has sought an urgent intervention.

Grasim to launch paint biz under 'Birla Opus'

GRASIM INDUSTRIES, AN Aditya Birla group company, will mark its foray into the paints sector with the market launch of a full suite of decorative paints in the fourth quarter of this fiscal.

Self-regulatory bodies for online gaming by Sept-end

THE GOVERNMENT IS expected to notify the gaming self-regulatory organisations (SROs) that will certify what is a permissible online real money game, by the end of the month, minister of state for electronics and IT Rajeev Chandrasekhar said on Thursday.

SAP Labs India bullish on business AI

SAP LABS INDIA said on Thursday it will double its artificial intelligence (AI) talent base by 2024 to infuse its portfolio with AI capabilities.

Tata Motors to set up separate sales network for EVs in FY24

THE COUNTRY'S THIRD LARGEST carmaker, Tata Motors plans to set up separate sales network for its electric passenger vehicles in the current fiscal year to give a differentiated experience to the buyers opting for the environment-friendly models, Shailesh Chandra, managing director, passenger vehicles and Tata passenger electric mobility, said on Thursday.

Confident about tax revenue target for FY24: DEA secretary

CORPORATE TAX COLLECTIONS should be viewed over a long term, department of economic affairs secretary Ajay Seth told FE on Thursday, amid concerns about the FY24 Budget target after a 10% decline in the mop-up witnessed under the largest head of tax revenue in April-July period.

BPCL plans ₹49,000-cr project in MP

PM lays foundation stone of Bina refinery, petchem complex

Fitch maintains growth forecast for FY24 at 6.3%

Rating agency flags inflation risks

WPI stays in deflation zone for fifth consecutive month

But price pressures rise on manufactured products, fuel power

Fractional ownership in holiday homes gaining ground

RENTAL YIELDS IN PREMIUM PROPERTIES RISE TO 9-10% AFTER PANDEMIC

Higher crude to hurt key macro numbers

WITH THE AVERAGE price of Indian basket of crude likely to significantly overshoot the budgetary projection of $85/barrel, official estimates of key macroeconomic numbers may go awry. The impact will be higher for the current account and \"imported inflation\" while implications for the estimated budget deficits would be limited.

NavIC likely to be made must for all devices, cars

WITH APPLE INCLUDING NavIC, the homegrown global positioning system (GPS), in some of the new iPhone 15 models, the government plans to make the NavIC-powered chip mandatory in devices and cars, minister of state for electronics and IT Rajeev Chandrasekhar said on Thursday.

Cipla stake sale uncertain over valuation demand

THE SALE OF a stake in Cipla is in jeopardy as potential buyers have balked at the ₹1.09 trillion ($13.1 billion) valuation members of the founding family are targeting for the firm in a deal, according to people familiar with the matter.

SAT questions Sebi's credibility in Zee case

Axis Finance moves NCLAT against Zee-Sony merger

Fund managers shrug off soaring valuations

SUPPORTED BY STRONG economy and a universe of fast-growing companies, India is now the most expensive market among its peers. While the Nifty trades at a price-to-earnings (P/E) multiple of around 21 times on estimated current earnings, South Korea trades at 14.75 times, China (11.3 times), Malaysia (14.55 times) and Taiwan at 18.1 times. India also trades at a huge premium to the MSCI EM Index on a one-year forward basis, though this premium has narrowed from levels seen in September 2021 and September 2022.

Musk, Zuckerberg, Gates To Join US Senators For AI Forum

THE US SENATE'S top Democrat brought American technology leaders - including Tesla CEO Elon Musk, Meta Platforms CEO Mark Zuckerberg and Alphabet CEO Sundar Pichai - to Capitol Hill on Wednesday for a closed-door forum on how Congress should set artificial intelligence safeguards.

Hindujas to reopen Churchill's office as luxury hotel

THE OLD WAR Office (OWO) of Winston Churchill, Britain's World War II era prime minister, is set to be inaugurated as a brand-new luxury hotel on September 26. The Hinduja Group, which acquired the landmark building, situated in Whitehall, opposite Downing Street, over eight years ago, has collaborated with Raffles Hotels to transform it into a hub consisting of luxury residences, restaurants and spas.

Will likely launch IPO in next 3 yrs: CredAble CEO

CREDABLE WILL LIKELY launch an initial public offering in the next three years, says Cofounder and CEO Nirav Choksi.

Citi plans job cuts amid management rejig

CITIGROUP IS PREPARING for a wave of job cuts as CEO Jane Fraser restructures the Wall Street giant to operate from five main businesses.