CATEGORIES

New caretaker cabinet in Pak ahead of delayed polls

PAKISTAN SWORE IN a caretaker cabinet under interim Prime Minister Anwaar-ul-Haq Kakar on Thursday, tasking it with running the country until fresh elections, which may be delayed beyond November as constituency boundaries are redrawn.

China to welcome US commerce secy's visit

MEETING COULD HAPPEN THIS MONTH

Adani takes bond brokers on Guj trip

AMID LINGERING CONCERNS ABOUT CORPORATE GOVERNANCE

HDFC Bank Group launches AMC, life insurance services at GIFT City

THE HDFC BANK Group on Thursday announced the launch of its mutual fund and life insurance services from Gujarat's GIFT City.

Lock-in period for investors in 27 firms ends in 2 months

23 COMPANIES TRADING ABOVE THE ISSUE PRICE | Some shareholders likely to book profits, others may cut losses

Essar to get pellets from Bahrain Steel

THE ESSAR GROUP has signed an agreement with Bahrain Steel, a wholly-owned subsidiary of Foulath, to source high-grade iron-ore pellets for its greenfield steel plant that is being set up in Saudi Arabia.

Airlines offer discounts to tide over lean season

WITH THE JULY-SEPTEMBER period seen as a lean season for travel, airlines' are wooing travellers with discounted ticket sales. While such sales started earlier this month by some carriers, Tata Group's Air India joined the bandwagon on Thursday by launching a special, 96-hour sale across its domestic and international route network.

Dr Agarwal's Health Care raises ₹650 cr

DR AGARWAL'S HEALTH Care (DAHCL), which runs eye-care chain, Dr Agarwal's Eye Hospital has raised $80 million (₹650 crore) from existing investors TPG Growth and Temasek, and plans to double footprint to 300 hospitals in next three years in India and Africa.

Bata in strategic partnership talks with Adidas for India

FOOTWEAR MAKER BATA India is in talks with German sportswear maker Adidas for a strategic partnership, persons in the know said.

Cognizant splits global growth market roles

Appoints 2 executives to lead the team

Flipkart delivers double-digit growth, PhonePe impressive

WALMART SAYS IN ITS SECOND-QUARTER EARNINGS CALL | US retail major posts 11% Y-o-Y growth in international business

Verification of SIM card dealers must: Vaishnaw

TO CURB THE menace of fake SIM cards and financial frauds, communications and IT minister Ashwini Vaishnaw on Thursday announced new norms for SIM card sellers that will make biometric verification as well as registration with telcos mandatory for them.

Develop expertise in carbon accounting, ESG, FM urges CAs

FINANCE MINISTER NIRMALA Sitharaman on Thursday asked Chartered Accountants (CAs) to familiarise themselves with global developments such as carbon accounting and environment, social and governance (ESG) related audits to serve their clients better.

Inflation spike: RBI calls for supply chain reforms

THE RESERVE BANK of India (RBI) on Thursday said retail inflation is expected to average well above its target band of 4-6% in Q2FY24, and called for major reforms in the perishables supply chain to prevent recurrent price shocks.

India, UK near deal on whisky, auto duties

CUTS TO AIM AT MINIMAL INDUSTRY IMPACT

BAT says it's supportive of ITC's plan to demerge

BRITISH AMERICAN TOBACCO (BAT), which owns 29.1% stake in ITC, has given its in-principle approval to the diversified conglomerate's decision to demerge the hotels business to unlock value.

Almost 20 foreign brands set to enter India in 6-8 months

ROBERTO CAVALLI, DUNHILL, BALENCIAGA, ARMANI CAFFE TOP NAMES EYEING INDIA OPPORTUNITY

60% of capex budget to be spent by Sept: FS

WITH THE ROBUST pace of capital expenditure by the infrastructure ministries, and the interest-free capex loans to the state governments, the Centre will likely spend 60% of the ₹10 trillion capex budget for the current fiscal by September, finance secretary TV Somanathan told FE.

JSW weighs majority stake in Teck coal unit

SAJJANJINDAL-LED JSW Steel is planning to bid for a majority stake in Teck Resources' coking coal business. The Canadian company is considering various proposals, including a partial sale of its steel-making coal business.

Disinvestment target may fall short by 60%

IDBI BANK SALE BEING PUSHED BACK

Rampant, unscientific building caused Himachal disaster: CM

BLAMING FAULTY STRUCTURAL design, indiscriminate construction work and \"migrant architects\" for the destruction faced by his state this week, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu hinted at tougher building rules in the future.

WHY DELOITTE & ADANI PORTS PARTED WAYS

The board of Adani Ports and SEZ (APSEZ) last week appointed MSKA & Associates as the company's auditors. Earlier, it had, on the advice of its audit committee, accepted the resignation of Deloitte Haskins &Sells as statutory auditors. We delve into the reasons for Deloitte's resignation and take a look at its opinions on the accounts

Germany, Spain in race for $4.8-bn submarine deal

NAVY'S BUILD-IN-INDIA CONTRACT

Chandrayaan closer to Moon, Lander set for separation today

CHANDRAYAAN-3 CAME further close to the Moon on Wednesday, the ISRO said, with the spacecraft bringing itself into a near-circular 153x163 km orbit and setting the stage for the separation of the Lander Module on Thursday.

Banks likely to raise deposit rates to meet credit demand

WITH THE EXCESS liquidity in the banking system getting absorbed due to the Reserve Bank of India's (RBI) incremental cash reserve ratio (ICRR) measure, banks are likely to raise deposit rates on select tenors to meet higher credit demand ahead of the upcoming festive season.

Indian banks' operating environment stronger: Fitch

INDIAN BANKS' OPERATING environment has strengthened as macroeconomic risks associated with the Covid-19 pandemic have ebbed, global rating agency Fitch said in a note Wednesday.

DBS Bank to expand credit card offerings

DBS BANK INDIA is focusing on expanding its credit card offerings in the next two years, says Sajish Pillai, managing director and head of assets and strategic alliances.

Solving range anxiety

ELECTRIC MOBILITY | Startups are setting up charging stations and apps to discover them

Dubai is new hotspot for global executives

FOR THE WAVE of executives turning into digital nomads since the pandemic, there's nowhere more accommodating than Dubai.

Intel cancels $5.4 bn deal to acquire Tower

AGREEMENT FAILS TO WIN CHINA'S APPROVAL | Purchase of Israeli company was key to US giant's plans