CATEGORIES

SpiceJet profit surges 4x as air travel grows

SpiceJet net profit jumps four-fold to ₹107 cr in Q3

Pak to unwillingly accept strict conditions of IMF

PAKISTAN HAS TO accept unwillingly the strict conditions of a deal with the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif said on Friday, to provide a lifeline for an economy in turmoil.

US plans $550 m aid for Ukraine

THE UNITED STATES plans to announce $250 million in aid on Friday to shore up Ukraine's energy infrastructure in the face of Russian attacks and $300 million for Moldova, partly to help Chisinau wean itself from energy dependence on Russia.

US announces new Russia sanctions

THE US ANNOUNCED a new round of sanctions on Russian firms, banks, manufacturers and people on Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine.

Forex reserves fall to eleven-week low

INDIA'S FOREIGN EXCHANGE reserves fell for the third straight week to hit an eleven-week low of $561.27 billion for the week ended February 17, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.

Sebi move may trim sponsor participation in InvITS, REITS

REGULATOR SEEKS MORE SKIN IN THE GAME

El Niño at 'neutral levels', clear picture by April: IMD chief

FIRST LONG-TERM FORECAST FOR MONSOON ONLY AFTER THAT

Two chip plants by year-end: Chandrasekhar

OUT OF THE five applications received for setting up semiconductor manufacturing units with a total investment of 1.53 trillion, the government will approve two proposals shortly, minister of state for electronics and IT, Rajeev Chandrasekhar told FE on Friday. He said that the two approved proposals, will take around a year or two to come up with their projects.

After jumbo order, AI to hire 5.1k in 2023

TEN DAYS AFTER signing record aircraft purchase orders, Air India on Friday announced plans to hire over 4,200 cabin crew trainees and 900 pilots in 2023 to prepare for the induction of new aircraft.

Need to address threats to financial stability: Das

CALLING FOR COORDINATION aimed at \"strong and sustainable global economic growth\", Reserve Bank of India governor Shaktikanta Das on Friday said that G20 countries have to address threats to financial stability, debt distress, climate finance, fractures in global trade and strains on global value chains.

India's day out at G20 meet

Mandate is to restore global erowth and stability: PM

PineBridge looks past Adani saga to load up on stocks

US ASSET MANAGER PineBridge Investments is using recent market selloff to start buying stocks for its multi-asset portfolios, wagering that explosive corporate governance allegations against the Adani conglomerate won't derail a growth and manufacturing boom.

Rupee sidesteps fall in Asian peers on likely RBI intervention

THE RUPEE WAS largely flat on Friday and for the week versus the US dollar, having avoided the decline in other Asian currencies due to a likely intervention by the Reserve Bank.

Mittal seeks Paytm stake

Plans to fold Airtel’s payments bank into fintech’s

Rupee rises 15 paise to 82.73, yields soften

THE RUPEE APPRECIATED by 15 paise to 82.73 against the US dollar on Thursday, tracking its regional peers and lower crude oil prices.

Banks may see rise in bad loans from retail, MSMEs, says SBI MD

INDIAN BANKS COULD see a rise in bad loans from retail and MSME segments, said State Bank of India's managing director Ashwini Kumar Tewari on Thursday, even as he stressed that asset reconstruction companies must be adequately capitalised.

RESIDENTIAL PROJECTS: Prestige Estates, Kotak fund to float ₹4,000-cr platform

REAL ESTATE DEVELOPER Prestige Estates Projects is looking to float a joint platform with Kotak Realty Fund to invest in its residential projects. The platform will have a corpus of $500 million (₹4,100 crore). Under the platform, the Kotak fund will invest and Prestige will develop the projects.

US Q4 GDP revised lower on weak consumer spend

US ECONOMIC GROWTH in the fourth quarter was weaker than previously estimated, reflecting a downward revision to consumer spending as the Federal Reserve's preferred inflation figures were revised higher.

Alibaba's Q3 profit jumps 69% amid cost-cutting move

ALIBABA GROUP HOLDING'S profit surged 69%, as China's e-commerce leader kept a lid on costs and shoppers continued to spend online while the pandemic raged.

ONE YEAR OF WAR: Ukraine defends its front line, Putin talks up nuclear arsenal

Ukraine, allies have brushed off the nuclear posturing

NCLAT RESUMES HEARING - Chrome does not exclude other browsers: Google

THE CHROME BROWSER is not the default browser under Google's Mobile Application Distribution Agreement (MADA) with phone makers and does not exclude other browsers, the tech giant said on Thursday before the National Company Law Appellate Tribunal (NCLAT).

ONGC to invest $2 bn in Mumbai offshore

ONGC will invest drilling a record over $2 billion in 103 wells on its main gas-bearing asset in the Arabia Sea as it pivots a turnaround plan that will add 100 million tonne to production, a company official said.

Open to drafting in A321s instead of A320s, says IndiGo

INDIA'S LARGEST CARRIER IndiGo is open to making changes to its mammoth pending order of 480 aircraft, including going for the larger and more efficient A321, even as Airbus has said it plans to accelerate aircraft production over the next two years.

Carlyle to pick up 5% in SpiceJet in lieu of rental dues

Airline’s board to meet today to discuss share issuance to lessor

PM seeks renewable energy investments

HIGHLIGHTING THAT THE Union Budget will play an important role in establishing India as a lead player in the global green energy market, Prime Minister Narendra Modi on Thursday invited stakeholders associated with the energy world to invest in the country.

Narayana Murthy urges return to work

NR NARAYANA MURTHY, founder of Infosys Technologies, has urged youngsters not to fall into the trap of working from home, attending the office for three days in a week and moonlighting, as this would not take them very far.

India Inc should also share blame for trade imbalance with China: Jaishankar

EXTERNAL AFFAIRS MINISTER S Jaishankar on Thursday said the responsibility for the trade imbalance with China rests squarely on businesses as well, blaming Indian corporates for not developing the right sourcing arrangements.

Need to be watchful of inflationary risks: Finmin report

Geopolitical situation is fraught, external deficit challenge may lessen

Byju's WhiteHatJr chapter may end

No such plan, is being optimised for growth instead, says startup

Zee in NCLAT for relief against insolvency order

ZEE ENTERTAINMENT ENTERPRISES (ZEEL) has moved the National Company Law Appellate Tribunal (NCLAT) seeking relief in the bankruptcy court's order that permitted initiating of insolvency proceedings against the media firm.