CATEGORIES

GST Council gives nod to appellate tribunal

Cess on gutkha, pan masala to be quantity-based

Google to NCLAT: CCI order unfair imposition

TECH GIANT GOOGLE on Friday submitted before the NCLAT that there was \"unfair imposition\" watchdog by competition CCI over its mobile app distribution agreement with device makers as it does not restrict installing other apps, including those of rivals.

Bharat Forge ties up with Rolls Royce

BHARAT FORGE SUBSIDIARY Kalyani Strategic Systems (KSSL), and Rolls-Royce Marine, North America, signed a memorandum of understanding on Friday to develop naval propulsion and shafting systems for the Indian market.

Bharat Forge ties up with Rolls Royce

BHARAT FORGE SUBSIDIARY Kalyani Strategic Systems and and Rolls-Royce (KSSL), Marine, North America, signed a memorandum of understanding on Friday to develop naval propulsion and shafting systems for the Indian market.

Shinde faction real Shiv Sena, says EC

RULING ON A dispute that began in June last year, the Election Commission decided Friday that the Shiv Sena faction led by Maharashtra Chief Minister Eknath Shinde was the real Shiv Sena as opposed to the group led by former CM Uddhav Thackeray.

Musk shuts two of three Twitter India offices

TWITTER HAS SHUT two of its three India offices and told its staff to work from home, underscoring Elon Musk's mission to slash costs and get the struggling social media service in the black.

GAIL looks to buy 26% stake in US LNG project

INDIA'S BIGGEST GAS firm GAIL is looking to buy up to 26% stake in a LNG project in the US in an attempt to shore up supply sources to meet rising demand. GAIL (India) had run into supply disruptions last year after Russia-owned Gazprom Marketing and Trading (GMTS) failed to deliver contracted LNG due to western sanctions on Moscow over its invasion of Ukraine.

Sharpest weekly drop in reserves since April

Triggered by over 7-bn fall in foreign currency assets

RBI likely sold dollars in NDF to keep rupee stronger than 83

THE RESERVE BANK of India has likely been selling dollars in the non-deliverable forward (NDF) market this week to prevent the rupee from weakening past 83 to a dollar, five bankers told Reuters on Friday. The rupee closed at 82.83 to the dollar after touching a more than one-month low of 82.8975 on Wednesday. The unit, however, has managed to avert a further slide despite a jump in US yields and a broad selloff in Asian currencies.

Underwriters rescue bond sale, yields harden

GOVERNMENT BOND YIELDS jumped on Friday after the Reserve Bank of India (RBI) devolved a bulk of the 10-year bond on primary dealers at an auction, while a relentless spike in US yields further weighed. This was the first devolvement from the central bank in five months.

Shaji Mathew named Infosys HR head

IT MAJOR INFOSYS said on Friday it has appointed Shaji Mathew as the group head of human resources (HR) effective March 22, 2023. Mathew will be taking over from Krish Shankar who retires on March 21 this year, after serving in this role since 2015.

HUL sells atta, salt biz for ₹60 cr

(HUL) on HINDUSTAN UNILEVER Friday said it has signed an agreement for the sale of its atta and salt businesses carried out under the brands, 'Annapurna' and 'Captain Cook'. The sale is expected to fetch  ₹60 crore.

Our govt reimagined, reinvented every element of governance: PM

IN A VEILED attack on the Congress, Prime Minister Narendra Modi on Friday said his government in the last nine years has transformed the country from 'fragile five' to 'anti-fragile', by re-imagining and reinventing every element of governance.

India won't allow new sugar exports for now

INDIA, WHICH VIES with Brazil as the world's biggest sugar producer, will not allow any more exports for now on concern that weaker production will threaten domestic supplies.

I-T dept says survey at BBC revealed irregularities

THE INCOME TAX department on Friday said that a survey operation conducted at the business premises of group entities of a \"prominent international media company\" at Delhi and Mumbai revealed irregularities in various tax payments.

Bommai presents revenue-surplus budget for Karnataka

Capex outlay enhanced by over 30%

India can achieve 7% GDP growth next fiscal: RBI

Fiscal glide path to lower inflation by 26 bps per annum over 5 years

FM: Will allot more funds for rural jobs scheme if needed

Dipam secretary says calibrated disinvestment strategy being followed

Google fires over 450 employees in India

A MONTH AFTER announcing its plan to lay off 12,000 employees, or 6%, globally, Google on Thursday issued pink slips to over 450 employees across departments such as sales, marketing, partnerships, among others, in India, according to sources.

How Surf excelled at consumer connect

FIRST HUL BRAND TO CROSS $1-BN TURNOVER MARK

Stricter quality norms to check cheap toy imports

CUSTOMS AUTHORITIES HAVE tightened the procedures for import of toys to ensure compliance with the quality norms of the Bureau of Indian Standards (BIS). The move is a part of a series of measures taken by the government to control import of cheap and sub-standard toys from countries like China and promote domestic manufacturing of these items.

Corporate debt market to get ₹33,000-crore fund support

To provide liquidity during bouts of stress

BATTING FOR INVESTORS' INTEREST - Adani row: SC calls for 'transparency'

Rejects Centre’s sealed cover’ names for panel

Govt Focusing On Formalising Economy: FM

No plan to issue dollar-denominated govt securities: Secy

Google Pay ramps up tech infra to stem mkt share loss

DIGITAL PAYMENT APPLICATION Google Pay is ramping up investments in its technology infrastructure to reduce payment failures on its platform and regain market share.

Layoff phase to fizzle out soon in India: Naukri

DESPITE UNCERTAINTIES IN the global job market, 92% of recruiters in India are optimistic about hiring in the first half of 2023. The first half of this year will likely see fewer layoffs than the second, although senior workers in information technology will be most affected, according to a survey released on Thursday.

Nestle plans price hikes after costs eat into its profits

THE WORLD'S BIGGEST food group Nestle will raise prices further this year, Chief Executive Mark Schneider said on Thursday, after more expensive ingredients contributed to full-year net profit missing analyst expectations.

Sri Lanka returns to uninterrupted power supply, at higher cost

AFTER A YEAR of load-shedding, Sri Lankans will get continuous power from Thursday, albeit with a hike in tariff in line with the conditions set by the IMF.

Pak govt drops 'petrol bomb', fuel price up by Rs 22.20 litre

Aimed at appeasing IMF for unlocking critical loan tranche

KPMG first big four accounting firm to cut staff in US: Report

KPMG IS CUTTING close to 2% of its workforce in the US, becoming the first of the world's four biggest accountancy firms to slash jobs, the Financial Times reported on Wednesday citing an internal announcement.