CATEGORIES

Ananya Birla's firm to buy Sachin Bansal's Chaitanya India Fin

SVATANTRA MICROFIN, FOUNDED by industrialist Kumar Mangalam Birla's daughter Ananya, is set to buy Sachin Bansal's Chaitanya India Fin Credit (Chaitanya India Fin) for ₹1,479 crore in one of the biggest deals in the unlisted microfinance space.

MPC's 3-day meet on policy begins

AMID EXPECTATIONS OF another status quo on the key interest rates, RBI governor Shaktikanta Das headed high-powered rate-setting panel MPC on Tuesday began its three-day meeting to firm up the next bi-monthly policy.

Treasury income of banks surges on yield pullback

INDIAN BANKS' TREASURY incomes rose significantly in the June quarter due to a pullback in bond yields.

Investors bet on passive funds; AUM jumps 8.5x in five years

MARKET SHARE RISES FROM 1.4% IN 2015 TO 17% NOW | More than 60% of large-cap equity AUM in passive funds

Adani Ports profit soars 83% on cargo volumes

ADANI PORTS AND Special Economic Zone (APSEZ), an Adani Group company, has posted an 82.57% rise in consolidated net profit to ₹2,114.72 crore for the quarter ended June 30, led by a rise in cargo volumes. In comparison, the company had posted a net profit of ₹1,158.28 crore for the same quarter of the previous financial year.

Hero receives over 25,000 bookings for Harley X 440

HERO MOTOCORP HAS received 25,597 bookings of Harley-Davidson X 440 within a month (bookings opened on July 4). Priced from ₹2.39 lakh to ₹2.79 lakh (ex-showroom), the X 440 is manufactured by Hero MotoCorp at its factory in Neemrana, Rajasthan, in a tie-up with Harley-Davidson of the US. Bookings have been closed for now.

Hyundai to launch 5 EV models in India by 2032

Promises 439 charging stations by 2027

Zero-debt target on track: Tata Motors

MULTIPLE LAUNCHES PLANNED: CHANDRA | Adoption of new technologies like AI to be accelerated

No-Confidence Motion: Oppn lists govt failures, ruling party its achievements

THE START OF the debate on the no-confidence motion in Lok Sabha Tuesday, moved by the Congress and backed by the Opposition INDIA alliance ostensibly to force Prime Minister Narendra Modi to come to the House and speak on the Manipur situation, saw the parties trying to weave a political narrative for the 2024 general elections.

Tomato prices to abate in 2 weeks with new arrivals

CONSUMERS FEELING THE pinch of high tomato prices since the last week of June are expected to get relief in the next two weeks, as arrivals from key producing states like Maharashtra and Karnataka pick up.

Railways to launch new rakes designed for SUVs

TO CATER TO the ever-growing needs of the automobile sector, Indian Railways will introduce new rakes specifically designed to ferry SUVs, sources told FE.

Ease of doing biz: Bid to assess cost of compliance at states' level

AFTER HAVING MADE considerable progress in reducing the compliance burden at the level of the Central government, the focus has now shifted to states.

Centre may opt for Ordinance to enforce 28% GST on e-gaming

CLEARING THE DISTINCTION CLOUD | May bring amendments to the Central GST Act in Lok Sabha on Friday

India BITes the bullet, open to global arbitration of disputes

NO TAKERS FOR 2015 INVESTMENT TREATY MODEL, FDI FLOWS STAGNANT

Speed up Make in India plans, govt tells laptop manufacturers

DAYS AFTER THE Directorate General of Foreign Trade (DGFT) deferred the implementation of import curbs on laptops, personal computers (PCs), and related items to November 1, the companies that import such products have been told to expedite their plans to manufacture in India, according to people aware of the matter.

Pepperfry's Ambareesh Murty passes away at 51

AMBAREESH MURTY, COFOUNDER and CEO of e-commerce furniture firm Pepperfry, died of a cardiac arrest in Leh on Monday night. He was 51.

MPL fires half of India team citing GST hike

ONLINE SPORTS PLATFORM Mobile Premier League has laid off around 350 people, or about half of its India team, to cut down on expenses and bear the increased GST of 28%, an internal company email showed.

Adani weighs exiting $6-bn Wilmar venture

ADANI ENTERPRISES IS exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International, freeing up capital for their core business, according to people familiar with the matter.

Carlyle to pick up Quest stake at $2-billion enterprise value

Current investors Bain, Advent to exit company

Maruti to issue shares to Suzuki for Gujarat unit

PARENT FIRM'S STAKE TO RISE 1.8%

Tomatoes, Onions Make Veg Thalis 28% Costlier In July

The cost of a vegetarian and non-vegetarian thali, on the decline since October 2022 till April, 2023, rose by 34% and 13% respectively in July owing to elevated prices of tomatoes, onions and potatoes, Sandip Das reports citing data from Crisil.

For 75% Of Indians, Tech A Threat To Jobs

IT disruptions across sectors as employees look at skill upgrade

ENDING POLYGAMY: THE ASSAM ROUTE

Assam chief minister Himanta Biswa Sarma announced last week that the state government will bring a Bill in the next Assembly session to ban polygamy. An expert panel led by a former high court judge has upheld the legislative competence of the state Assembly to enact such a law. We take a look at the polygamy debate and what the panel has said

Rahul Gandhi returns to LS as MP after SC relief

CONGRESS LEADER RAHUL Gandhi, whose conviction in a defamation case over remarks on the Modi surname was stayed by the Supreme Court, returned to the Lok Sabha on Monday.

PSU banks' Q1 PAT soars on stable margins, NPAs

CUMULATIVE PROFIT MORE THAN DOUBLES TO ₹34.2K CR

Big Tech embraces the AI advantage

GENERATIVE AI | AI is at the heart of smarter products from Adobe, Bing & others

SBI predicts favourable credit costs

RATING: BUY | Bank expects lower domestic NIMs, targets 15% credit growth

DeSantis emerges top target at 2024 US polls

THE FIRST REPUBLICAN debate of the 2024 US presidential campaign is shaping up as a crucial moment for Florida Governor Ron DeSantis, who badly needs some momentum in his challenge to former President Donald Trump for the party's nomination.

Saudi Aramco Q2 profit drops 38% to $30.1 bn

ADDITIONAL DIVIDEND TO BE PAID OVER SIX QUARTERS | The oil giant will begin dividends payout in Q3

SBI bets on private capex for growth in corporate credit

STATE BANK OF India (SBI) expects to give out ₹3.5 trillion ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country's largest lender said.