CATEGORIES

Poll bonds: SC to hear SBI's plea on Monday

A FIVE-JUDGE CONSTITUTION bench of the Supreme Court will hear on March 11 an application filed by the State Bank of India (SBI) seeking extension of time till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month.

Create on India, create for world: PM

PRIME MINISTER NARENDRA Modi on Friday urged content creators to start a 'Create on India' movement and share stories with the world on India's culture, heritage, and traditions.

Ahead of polls, LPG price cut by ₹100

PRIME MINISTER NARENDRA Modi on Friday announced a cut of 100 in the prices of liquified petroleum gas (LPG) cylinders, ahead of the Lok Sabha elections. The price cut will be applicable from Friday.

CIL signs pacts on critical minerals with Australian firms

IN A BID to diversify into critical mineral mining and global resource acquisition, Coal India (CIL) has entered into two non-disclosure agreements (NDAs) with companies in New South Wales, Australia, the coal ministry said on Friday.

CPSE dividends surpass RE, may touch ₹65Kcr

Receipts at ₹61,981 cr already, versus revised estimate of ₹50,000 cr

China readies $27-bn chip fund to counter US curbs

CHINA IS IN the process of raising more than $27 billion for its largest chip fund to date, accelerating the development of cutting-edge technologies to counter a US campaign to thwart its rise.

IDBI Bank: RBI decision on bidders this month

THE RESERVE BANK of India's (RBI) much-awaited decision on the fit-and-proper profiles of the bidders for IDBI Bank will likely be conveyed this month to the government, IDB a source privy to the matter said.

Baron marks up Swiggy's value to $12.1 billion

AN investor in Swiggy, has increased the value of its stake in the food tech platform, implying a valuation of $12.16 billion, 13% higher than the $10.7 billion at which the firm secured funding in early 2022.

RBI, Sebi to widen probe into debt issue managers

THE RESERVE BANK of India (RBI) and the Securities and Exchange Board of India (Sebi) are widening an investigation into how merchant banks manage retail subscriptions in public debt issues, two sources with direct knowledge of the matter said.

Modi 3.0 to work on domestic AI chipsets: Vaishnaw

THE NARENDRA MODI government in its third term will work towards enabling domestic manufacturing of AI chipsets, communications and IT minister Ashwini Vaishnaw told FE.

Govt extends Ujjwala subsidy till FY25

THE UNION CABINET on Thursday took a clutch of economic decisions, in what is seen as its last meeting before the general elections are announced.

Electoral bonds: Contempt plea in SC against SBI

THE SUPREME COURT on Thursday said it will look into a request to list for hearing a contempt petition filed by the NGO Association for Democratic Reforms (ADR) which was one of those on whose plea a five-judge Constitution bench had struck down the Electoral Bonds Scheme on February 15.

When Kuldeep bowls, it's like a chess mehfil at the town square

EVERY TIME KULDEEP Yadav would take a wicket, his highly obligated teammates would crowd around him and lovingly ruffle his thick brownish mop of hair.

Maize prices rise on robust demand from poultry sector

RISING DEMAND FROM the poultry industry and the government's thrust on ethanol have driven production mandi prices of maize up by 20%, reaching ₹26,500 per tonne from ₹22,000 per tonne over the past three months.

Horticulture output pegged at 355.2 MT

INDIA'S HORTICULTURAL CROP production, consisting of fruits, vegetables, spices, medicinal plants, and plantation crops, for the 2023-24 crop year (July-June), is forecasted at 355.2 million tonnes (MT).

Three dead in first fatal Houthi attack in Red Sea

Indian navy takes 20 crew members to Djibouti

Novo Nordisk's new obesity pill beats Wegovy in early trial

NOVO NORDISK SAID on Thursday early trial data for its highly anticipated experimental obesity drug amycretin showed a higher weight loss compared with its popular Wegovy treatment, sending its shares to new record highs.

Interviews to appoint PSB chiefs deferred

THE WAIT FOR some public sector banks to get their managing directors and chief executives is going to get a little longer.

RBI tightens norms for cards used with business accounts

THE RESERVE BANK of India (RBI) on Thursday tightened rules for credit and debit cards used for business accounts.

Food firms upset over 18% GST on snacks

SOME OF THE country's top food companies such as ITC, PepsiCo India, Balaji Wafers and Prataap Snacks are in disagreement with the Directorate General of GST Intelligence, the apex tax body, regarding the imposition of an 18% goods and services tax (GST) on snack foods.

Paramount may sell Viacom stake to RIL

PARAMOUNT GLOBAL IS in discussions to sell its stake in its media joint venture in India to Reliance Industries, according to people familiar with the matter, as Asia's richest man continues to consolidate his clout in one of the world's fastest-growing entertainment markets.

Rural demand drives auto retail sales to 2 mn in Feb

Two-wheeler growth at 13%, PV sales up 12%

Paytm's UPI application volumes fall in February on RBI action

PAYTM'S UPI APPLICATION volumes fell 10.4% month-on-month (m-o-m) to nearly 1.4 billion in February after the RBI asked the company's payments bank unit to stop accepting deposits, credit transactions or top-ups after February 29.

India-UK FTA may be pushed beyond Lok Sabha elections

THE CONCLUSION OF the India-UK free trade agreement (FTA) could be pushed beyond the general elections in India, despite a last-mile dash by top officials from both sides, because differences still remain on issues of market access in key areas of goods and services.

Cross-border, group insolvency norms after new govt takes over

MCA moves Cabinet note, says it’s crucial to link the two

China warns US: Trade curbs to harm America

CHINA'S FOREIGN MINISTER blasted the US for imposing a \"bewildering\" level of trade curbs on the Asian nation, as President Joe Biden's efforts to block Beijing from advanced tech undermine a steadying of ties between the world's two largest economies.

Govt report on Byju's to be out in a few weeks

Corporate affairs ministry has asked field officers to speed up the process

Boards more diverse, but tokenism still prevails

THE MEDIAN BOARD representation of women in the BSE 100 companies was a little over 16% in 2023,similar to the levels a year ago. According to the Corporate Governance Scores 2023 report released by proxy advisory firm Institutional Investor Advisory Services (IIAS), for the full effect of gender diversity, women should comprise at least 30% of the board.

Flipkart eyes quick commerce foray

WALMART-OWNED FLIPKART IS planning to enter the quick commerce delivery segment soon and will launch its services in around 20 cities in the next few months, according to people familiar with the matter.

₹10,372-cr launch pad for AI

THE UNION CABINET on Thursday approved the setting up of India AI (artificial intelligence) mission with an allocation of ₹10,372 crore.