CATEGORIES

556 mn benefiting from Jan Suraksha schemes: Nirmala

Govt efforts reducing financial vulnerability of the poor

Automated scrutiny of GST returns set for early rollout

AI, data analytics to curb tax evasion, reduce discrepancies

NCLT to decide Go First's fate today

THE NATIONAL COMPANY Law Tribunal (NCLT) will pronounce its order on Go First's insolvency case on Wednesday, which will decide the fate of its 45 aircraft as lessors have demanded their repossession.

Govt tells industry: Get ready for EU carbon tax

THE GOVERNMENT HAS asked the industry to get ready for the \"carbon tax\" that European Union (EU) has said it will impose on import of products with carbon emissions higher than the prescribed threshold. However, it said efforts will be made for a legitimate waiver from this tax for sections of the industry.

Strategy without ESG is irrelevant: Puri

ITC CHAIRMAN AND managing director Sanjiv Puri on Tuesday said that enterprises need to rework their strategies related to growth and competitiveness, and should focus on sustainability.

India will be top auto market in 5 years: Gadkari

BETTING BIG ON the potential of green technologies and an unwavering political will to transform and multiply India's mobility and energy infrastructure, Union minister for road transport and highways Nitin Gadkari on Tuesday said the country could become the world's largest automobile market in the next 5 years, with a likely rapid proliferation of electric cars and vehicles run on \"flexfuel\" engines.

Star Sports adds 11 million homes

STAR SPORTS, THE television broadcaster for the Indian Premier League (IPL), reached 11 million more homes this year for the tournament, according to Gurjeev Singh Kapoor, head, distribution and international, Disney Star.

Deregister Cong, BJP tells poll panel

Cong hits back wih claims of 'fakery'; campaign wraps up

Non-life insurers' gross direct premium grows 20.5% in April

COLLECTIVE GROSS DIRECT premium underwritten for non-life insurance companies grew 20.51% year-on-year to ₹25,640.66 crore for April, compared with ₹21,277.67 crore for the same period last year, data from the General Insurance Council showed.

Value of promoter pledged holding dips to 1.3% in Q4

THE VALUE OF promoter pledged holding as a percentage of the promoter holding declined to 1.3% in the March quarter from 1.6% in the previous quarter, an analysis by Kotak Institutional Equities shows.

Low LTV makes loans against shares drab

DESPITE A SUBSTANTIAL increase in the number of retail investors over the last few years, loans against securities (LAS) have grew just 8% in March 2023. In comparison, loans against fixed deposits jumped by a whopping 46%.

Battle for China's e-SUV market heats up at home

CHINA IS GROUND zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla and BYD.

HSBC reaches deal to buy out China fund JV partner

HSBC HAS AGREED to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world's second-largest economy.

Biden and McCarthy aim to break debt-ceiling standoff

Analysts do not expect an immediate deal to avert a historic default

Coal India to ramp up production

Strategy in sync with government aim of 24x7 power supply

General Atlantic expects to deploy up to $1 billion annually in India

GROWTH-EQUITY INVESTOR GENERAL Atlantic expects to deploy up to $1 billion in new investments in India annually for the next few years, betting on businesses built around the government's push to expand financial inclusion and increase technology usage.

Birla Estates acquires 28.6 acre in Bengaluru for ₹3,000-cr project

BIRLA ESTATES ON Monday said it has acquired 28.6-acre in Bengaluru to develop a housing project with an estimated sales potential of ₹3,000 crore. In a regulatory filing, Century Textiles and Industries said its arm Birla Estates has purchased the 28.6-acre prime parcel in the fast-developing micro-market of Sarjapur Road, Bengaluru.

SpiceJet gets NCLT notice on lessor's insolvency plea

THE NATIONAL COMPANY Law Tribunal (NCLT) on Monday issued a notice to SpiceJet on a petition filed by aircraft lessor Aircastle for commencement of insolvency proceedings against the airline.

Essar Oil to invest ₹2,000 cr more to raise CBM output

ESSAR OIL AND Gas Exploration and Production will invest another ₹2,000 crore to ramp up production of coal bed methane (CBM) gas and increase the total number of wells to 500 in the next 2-3 years.

GLOBAL TECH M&A DEALS DOWN 44% IN Q1 2023

Global deal activity, including mergers and acquisitions (M&As) and private equity transactions, softened to just over 150 in the March quarter of CY23, compared to 270 in Q1CY22, a 44.4% fall, said a report by EY and Nasscom.

Marico ramps up food play, sets ₹850-cr revenue target

Identifying right spaces for growth critical: Analysts

Won't shed caution over financial system: FSDC

Drive to help nominees get unclaimed deposits

No further rise seen in Russia's share in India's crude imports

AFTER THE SHARP spike in FY23, Russia's share in India's oil imports may not rise further in the current year, analysts said, but they added that the country will likely continue to add more crude oil suppliers from different geographies at better rates.

Railways to earmark ₹13K cr for stations upgrade in FY24

THE MINISTRY OF railways is going full steam ahead with its plans to redevelop and modernise nearly 1,300 railway stations under the Amrit Bharat scheme, and will earmark ₹13,000 crore from its FY24 capex outlay for this project, up 240% year-on-year.

Low-cost health cover likely for 100 million more families

Middle-income households to benefit

Best of bond rally may be over with sales deluge coming

FOCUS SHIFTS TO UPCOMING HEAVY DEBT ISSUANCES

US optimism brings cheer to Dalal Street

INDIAN EQUITIES SAW a sharp revival in fortunes on Monday, with the indices staging a strong comeback after a 1% reversal on Friday.

Swiggy's valuation cut by 48% to $5.5 bn

THE VALUATION MARKDOWN of unicorn startups continue with asset management firm Invesco cutting down foodtech startup Swiggy's valuation by 48% to $5.5 billion, down from $10.7 billion in January 2022.

Banks opt to go slow on fraud classification

BANKS ARE GOING slow in marking delinquent accounts as fraud, as they await clarity from the Supreme Court (SC) on disclosure norms, senior officials said.

Gadkari to give away FE CFO awards today

ITC chief Sanjiv Puri to deliver keynote address