CATEGORIES

China to launch $40 bn state fund to boost chip industry

The target outdoes similar funds launched earlier

Rupee falls most in a month as crude oil prices weigh

Closes below 83-level against the dollar for fourth time in a month

Realtors expect 15-20% jump in festive sales

DISCOUNT OFFERS UNLIKELY ON ROBUST DEMAND

Amazon India now has 6,000 EVs in its flee

AMAZON INDIA, WHICH is targeting to include 10,000 electric vehicles in its delivery fleet by 2025, has already added 6,000 till date, Abhinav Singh, VP, customer fulfilment, Amazon transportation services, global specialty fulfilment and supply chain, told FE.

Auto sales in top gear in August

Vehicle registrations grow 8% year-on-year

L'Oreal aspires to make India its next billion-euro market

NICOLAS HIERONIMUS, CEO, L'OREAL SA, the world's largest cosmetics company, has been keenly tracking the performance of India.

Fall in hydro power, record demand cause big shortage

DRY AUGUST LEADS TO HIGHER ELECTRICITY USE

CBI arrests GAIL exec in ₹50 lakh graft case

THE CBI HAS arrested an executive director of GAIL in connection with an alleged 150 lakh bribery case, in which money changed hands to favour some contractors in the gas pipeline projects, officials said on Tuesday.

Inflation to remain elevated in next few months: S&P

INFLATION IN INDIA is likely to remain elevated in the near term but government policies will prevent it from rising further, S&P Global Ratings economist (Asia Pacific) Vishrut Rana said on Tuesday.

Services PMI eases as sales growth ebbs in August

INDIA'S SERVICES PURCHASING Managers' Index, compiled by S&P Global, eased to 60.1 in August from an over 13-year high of 62.3 in July.

RBI plans e-rupee use in call money market

EFFORTS ON TO INTERNATIONALISE RUPAY, UPI

Row erupts over President of Bharat G-20 dinner invite

GOVT SAYS NAME CHANGE TALK 'RUMOURS'

Car sales may hit 1 mn in festive period

THE SIX-WEEK-long festive season that kicks off in a few weeks will most likely witness sale of one million units of passenger vehicles making it the best-ever season for the automotive industry.

Supply cut extension pushes oil past $90

Brent crude futures for November were up $1.21, or about 1.4%, to $90.21 a barrel by 1353 GMT, eclipsing the $90 level for the first time since last November.

2 bn transactions a day on UPI radar

Lower underwriting costs to help in 2030 target, says CEO Asbe

SEBI PLANS INSTANT TRADE SETTLEMENT IN A YEAR: 1-hour settlement in March

THE SECURITIES AND Exchange Board of India (Sebi) has taken the superfast track on trade settlement.

Asia Cup: Rain puts advertisers on sticky wicket

ACC MAY SHIFT SUPER 4 MATCH VENUE

Balance confirmation certificate by FY24-end: PSB Alliance MD

PSB ALLIANCE, A private company promoted by India's 12 public sector banks to further government schemes, is looking to launch balance confirmation certificates and an e-auction portal for all state-run banks by the end of current fiscal, the company's MD and CEO Rajinder Mirakhur told FE.

Sharma may raise his stake in Paytm

VIJAY SHEKHAR SHARMA, the founder and chief executive officer of the country's biggest digital payments company, said he'll look to raise his stake as Paytm approaches profitability.

Cross-border payments to be faster, cheaper through CBDCs: Das

THE ISSUE OF easing cross-border payments is a priority area for India's G20 presidency and adoption of central bank digital currencies (CBDC) by global banks could make such payment transactions faster, cheaper and more secure, Reserve Bank of India (RBI) Governor Shaktikanta Das said at the G20 Tech Sprint Finale held here today.

Black Sea grain deal can be revived soon: Erdogan

TURKISH PRESIDENT TAYYIP Erdogan said after talks with Russia's Vladimir Putin on Monday that it would soon be possible to revive the grain deal that the United Nations says helped to ease a food crisis by getting Ukrainian grain to market. Russia quit the deal in July - a year after it was brokered by the United Nations and Turkey - complaining that its own food and fertiliser exports faced serious obstacles.

Absence of Xi deepens chill in India-China relations

CHINESE PRESIDENT XI Jinping is not going to attend the G20 summit in New Delhi on September 9 and 10 - in what is going to be the most conspicuous and telling absence from the summit.

'Festive season, kharif crops to fuel tractor demand'

THE UPCOMING FESTIVE season and higher Kharif sowing are expected to boost the domestic tractor demand in the next few months, said Hemant Sikka, the president of Mahindra & Mahindra's farm equipment sector.

SUVs drive Hyundai sales after Exter's strong show

CONTRIBUTE 64% OF THE TOTAL PORTFOLIO

Pre-Budget meetings from mid-October

THE MINISTRY OF Finance will kickstart the 2024-25 Budget exercise from the second week of October, with expenditure and finance secretary TV Somanathan holding meetings in batches with ministries on their revised estimate (RE) for FY24 and budget estimate (BE) for FY25.

Govt ready with data protection Act rules

MINISTER OF STATE for electronics and information technology Rajeev Chandrasekhar on Monday said that the government has finalised the rules for implementing the newly enacted Digital Personal Data Protection (DPDP) Act.

Need to revive BOT via smaller road projects: Gadkari

Minister unhappy with quality of roads made under EPC; rues undue reliance on govt funds

Zepto makes haste slowly on the quick commerce route

THE NAME ZEPTO is derived from the shortest unit of measurable time in Physics.

Metal index at 17-month high, outperforms Sensex

SHARES OF METAL companies and manufacturers are shining, with the BSE Metals indexat a 17-month high.

India Inc's ₹10 crore-plus salary club swells in FY23

Nifty50 firms' CEOs were, however, not as lucky