CATEGORIES

Pak raises key rate to 22% as IMF deal looms

PAKISTAN'S CENTRAL BANK raised its benchmark interest rate by 100 basis points to 22% at an emergency meeting on Monday, a day after the country revised its budget for the fiscal year from July 1 in a bid to rescue an IMF programme that expires in days.

Japan to buy chip materials maker JSR for $6.4 bn

Capabilities here are superb, but there are a money lot of us and all of us are spending redundantly, so we feel the opportunities for efficiency gains are significant

Sebi brings in block facility for secondary trades

SEBI ON MONDAY introduced a process for trading in the secondary market that involves blocking funds in an investor's bank account instead of transferring them to the broker.

Passive funds tracking Nifty indices top ₹5 trn

ASSETS UNDER MANAGEMENT of passive funds tracking the Nifty indices have crossed a new milestone of ₹5 trillion, said the NSE in a press release.

Prescriptive digital Act may hurt small businesses

AS THE GOVERNMENT is finalising the proposed Digital Competition Bill, a group of 58 think tanks and consumer advocacy organisations on Monday said that the prescriptive nature of the Bill would affect consumers as well as small businesses.

Epsilon to set up $650-mn EV battery facility in US

EPSILON ADVANCED MATERIALS (EAM), a leading battery materials company, plans to invest $650 million in the US to set up a 50,000-tonne-perannum (TPA) synthetic graphite anode manufacturing facility.

Tata Chem lays out ₹8,000-cr capex plan

TATA CHEMICALS HAS earmarked a capex of ₹8,000 crore over the three years as the world's third-largest soda ash maker embarks on an expansion spree that includes scaling businesses sustainably.

FY24 is the year of reckoning for Vedanta parent

THIS FISCALWOULD be a year under \"watch\" for Vedanta Resources (VRL), with the firm readying for debt repayments and heightened capex, as the industry would be closely monitoring its refinancing and execution plans.

HUL can grow well despite competition, says Paranjpe

HINDUSTAN UNILEVER (HUL), the country's largest consumer goods company, will remain vigilant and respond to competitive challenges as they emerge, chairman Nitin Paranjpe told shareholders on Monday at the firm's 90th Annual General Meeting (AGM). HUL was transforming to stay in step with a fast-changing India as well as a rapidly evolving consumer goods market, Paranjpe said.

Tomato prices breach ₹100/kg mark

Benchmark Kolar prices up 82% in a week

S&P retains India growth forecast for FY24 at 6%

Underlines demand resilience, investment momentum

Alphabet bets on lasers to beam areas internet in hard-to-reach

JANE LANHEE LEE & NATHAN FRANDINO

White-label ATMs see red

Number of players has halved since FY14 debut

Hope springs on big IT deal wins

Smaller, shorter-tenure contracts have been a worry for the sector

Box Office Stumbles In First Half Of 2023

Collections dip 23% despite 'Pathaan'

Emergency Black Chapter In History...Media Role Key In A Democracy: Yogi

Inaugurates Noida road named after Express founder Ramnath Goenka

India, Egypt Sign Pact On Strategic Partnership

INDIA AND EGYPT signed a strategic partnership agreement as Prime Minister Narendra Modi and President Abdel Fattah El-Sisi held one-on-one talks in Cairo on Sunday.

World Economy At Critical Juncture In Inflation Fight

THE WORLD'S CENTRAL bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.

Banks readying systems to track spends on outward remittances

RBI'S LIBERALISED REMITTANCES SCHEME TO KICK OFF FROM JULY 1

Pak parliament okays budget to clinch IMF deal

PAKISTAN'S PARLIAMENT ON Sunday approved the government's 2023-24 budget which was revised to meet International Monetary Fund conditions in a last ditch effort to secure the release of more bailout funds.

Japan's military plans to use Starlink service

JAPAN'S MILITARY IS testing Elon Musk's Starlink satellite internet service with an eye to adopting the technology next fiscal year, the Yomiuri news reported paper on Sunday, citing unnamed government sources.

China EV makers eye Thailand as production base

MORE MAJOR CHINESE electric vehicle makers are eyeing Thailand as a manufacturing and distribution base to economies, neighboring according to the Thai-Chinese Chamber of Commerce.

Silence cloaks the Kremlin after Russian mutiny against Putin

The rapid chain of events left the US and Europe puzzled

Adani Group listed firms expect to clock ₹90K cr

RIDING ON INFRA GROWTH

Ayodhya airport to blend modernity with tradition

THE MARYADA PURUSHOTTAM Shri Ram International Airport, located 8 kms from the upcoming Ram temple, will blend modernity with tradition, officials said.

Centbank Financial tops Future Enterprises CoC

WITH A 27.22% voting right, Centbank Financial Services leads the pack of 25 financial creditors of Future Enterprises (FEL), followed by Union Bank of India with a 10.97% voting right.

Failed Wi-Fi startup pivots to cybersecurity provider

Reliance Jio's entry forced WiJungle to rejig its business strategy

Get noticed at MS Teams meet

Four tips to enhance your performance at virtual meetings

Mid- & small-caps catch investor fancy

However, ensure that large-caps are the core of your long-term portfolio

Maruti Suzuki set for the price challenge, again

KNOWN FOR AFFORDABLE cars, Maruti Suzuki will soon change its image with the launch of the Invicto, a multipurpose vehicle (MPV) priced around ₹35 lakh, onroad. This particular venture will be keenly observed as the carmaker's past forays into expensive cars have been tepid.