CATEGORIES

Lufthansa cancels 1,200 flights due to airport strikes

DEUTSCHE LUFTHANSA WILL cancel at least 1,200 flights for Friday due to strikes at its main Frankfurt and Munich hubs, the latest disruption to hit Europe's biggest airline after an IT incident grounded its fleet on Wednesday.

China sanctions Lockheed, Raytheon for Taiwan sales

Included in list of unreliable entity’

Jio tops subscriber additions in Dec

AIRTEL'S GAIN HIGHEST IN 9 MONTHS

IOC clarifies on Adani gas deal

INDIAN OIL has taken to Twitter in an unusual move to clarify its involvement in an Adani Group company gas import terminal.

Turkey disaster may pose fresh challenges for Indian auto firms

WITH TENS AND thousands of people losing their lives and livelihoods in quake-hit Turkey and given the long process of recovery from such disasters, Indian automotive and tractor making businesses expect things to slow down in the coming years.

Adani Green to disclose refinancing plan after fiscal ends, says official

Appointment of Grant Thornton as auditor 'market rumour', says conglomerate

IT firms likely to witness expansion in margins over FY23-26

TOP INDIAN IT services companies are likely to see an expansion in their Ebit margins over FY23-26 on the back of normalisation of employee attrition and various other levers, according to analysts.

LONG-TERM FINANCING Annual outlay of ₹10,000 cr for urban infrastructure

Funds to be earmarked from priority-sector lending shortfall

Nestle net up on price hikes, urban demand

MAGGI AND KITKAT maker Nestle India on Thursday reported a sharp 66% year-on-year increase in its net profit to ₹628 crore for the quarter ended December, supported by volume and mix-led growth. The net profit is in line with the Street expectations.Volumes were in the range of 3-4% during the quarter.

HDFC raises ₹25k cr in India's largest NCD issue

HOUSING DEVELOPMENT FINANCE Corporation (HDFC) on Thursday raised ₹25,000 crore in the country's largest privately placed corporate bond issue.

Byju's in talks with TPG, other funds to raise over $500 mn

BYJU'S IS IN negotiations with investors, including TPG, to raise more than $500 million, a much-needed capital infusion that could help the world's most valuable edtech startup stave off potential debt issues.

IndiGo will offer more to maintain India lead

AT A TIME when Air India, under Tata Group, is putting its house in order and gearing up for competition, rival and market leader IndiGo is leaving no stone unturned to maintain its leadership position in the country.

HINDENBURG REPORT FALLOUT: S&P puts Adani firm ESG rating under review

S&P GLOBAL RATINGS has placed Adani Transmission's (ATL's) environmental, social and governance (ESG) evaluation under review', following allegations of governance issues, which may affect appetite of fund providers and business partners.

May lead Twitter for almost another year, says Musk

ELON MUSK SAID he may need the rest of this year to put things right at Twitter before handing off to a new CEO, potentially prolonging concerns the billionaire is being distracted from leading Tesla.

Rajnath bats for local in defence purchases

75% of capital outlay in 2023-24 for domestic firms

Indices gain on buying in oil, tech and auto stocks

BENCHMARK SENSEX PARED early losses to close 242 points higher while Nifty settled above the 18,000-mark on Wednesday following gains in IT, oil and select banking stocks amid mixed global trends.

Sebi issues new format for market-related ads

Rollout in 3 phases with first for public issues from March 1

SBI increases MCLR by 10 bps

PUBLIC SECTOR LENDER State Bank of India SBI) on Wednesday increased marginal cost of funds based lending rates MCLR) by 10 basis points bps) across tenures. With this, the bank’s one year MCLR rates stands at 8.50%, according to information on its website.

Srei CoC approves NARCL plan with highest voting

THE CONSOLIDATED COMMITTEE of creditors CoC) fortwo insolvent Srei companies has approved the resolution plan of state-backed National Asset Reconstruction Company NARCL) with the highest voting among the bidders.

Private banks to hold NIM better than PSU peers

TOP PRIVATE SECTOR banks are better placed to maintain their net interest margins NIM) for a couple of quarters going ahead, compared to their public sector peers, analysts said.

Brokers stop offering margin trading on select Adani stocks

MARKET PLAYERS HOLDING THESE SHARES AS COLLATERAL FIND HARD TO OFFLOAD

Balloon downing: China warns of retaliation against US entities

Says will take action over violations of its sovereignty

Nicola Sturgeon resigns as Scotland's first minister

NICOLA STURGEON QUIT as Scottish first minister on Wednesday, saying her dominance over her party and the country was no longer the asset it once was in the fight for an independent Scotland.

Pakistan introduces money bill to raise 636 mn in taxes

THE CASH-STRAPPED PAKISTAN government on Wednesday introduced a money Bill in parliament to raise $636 million in taxes by June this year as part of conditions by the IMF to get the next tranche of an already agreed loan.

Tech firms help bring banking up to speed

Oracle and Coforge assist BFSI clients to innovate and stay agile

Sowing future growth

WITHOUT PUBLIC FUNDING, DPI WILL END UP BENEFITING ONLY LARGE PLAYERS; IN A PPP MODE, IT CAN HARNESS PRIVATE-SECTOR INNOVATION AND PUBLIC-SECTOR INCLUSIVITY

Udaan Capital disburses ₹4,000-cr loans

UDAAN CAPITAL, THE eB2B major’s fintech arm,on Wednesday said it has facilitated disbursals worth over ₹4,000 crore in working capital to more than ₹2,500 micro,small and medium enterprise MSME) buyers over the last two years.

Al 5G among top tech trends: Report

Blockchain, quantum computing also on HCLTech’s list

Indian market a sweet spot for Mars, expansion plans in the works

CHOCOLATE, CHEWING GUM and other confectionery maker Mars Wrigley India is expanding its product portfolio and footprint across the country to drive growth.

Vedanta Resources reduces net debt by S2 bnin 11 months

LONDON-HEADQUARTERED Vedanta Resources, the parent company of mining major Vedanta, has reduced its net debt by $2 billion in the past 11 months, ahead of its own deadline, as it intends to allay market concerns.