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FLAGSHIP ENDS 10.7% DOWN - Adani shares crack on MSCI review

Free float reassessment could result in lower weight, passive selling

Inflation bites in Bharat: Jope

Unilever confident about India growth

Ministry moots steps to reduce insurance consumer disputes

THE MINISTRY OF Consumer affairs on Wednesday suggested a series of measures including upfront disclosure of insurance policy terms by agents, simpler policy documents and advised insurers not to sell life insurance policies as financial products.

Hiring activity in e-recruitment space dips 2% in Jan

HIRING ACTIVITY IN the e-recruitment white-collar space in January witnessed a 2% year-on-year decline mainly due to slowdown in sectors, including IT, telecom, manufacturing and healthcare, a report said on Wednesday. E-recruitment refers to the process of employing talents using various online sources.

AMID GROWTH SLOWDOWN: Video app Zoom to let go off 15% of workforce

CEO Eric Yuan to take salary cut, forgo bonus

Domestic air passenger traffic jumps 96%: Icra

Domestic air passenger traffic faced an increase of 96%

INFLATION STILL KEY WORD IN RBI SCRIPT

Stance unchanged: RBI keeps its options open

TRANSPORTATION MANAGEMENT SYSTEM: Apollo Tyres oils its supply chains with Oracle tech

New capabilities help improve accuracy and logistics flexibility

5G update issue: DoT to meet Google, other handset makers

Manufacturers yet to provide software update

Govt's first duty is to ease distress of the poor'

“Capital expenditure-led growth will create jobs, but overalonger period of time,” said former Union finance minister P Chidambaram, stressing that enough money also must be provided to alleviate the distress of the people. In an interview with Surabhi, he shared his thoughts on the Budget and said the exemption-free new income tax regime may hit household savings. States are as sovereign as the Centre, he noted, and spoke against making transfers and borrowing limits, conditional. Edited excerpts:

Birla makes premium casual dining foray

THE ADITYA BIRLA Group has entered the premium casual dining space, a fast-growing segment in the organised food services market, in collaboration with chef-restaurateur Rahul Akerkar. The initiative will be undertaken by Aryaman Birla-led Aditya Birla New Age, reports Rajesh Kurup.

TO TRANSFORM UK FIRM'S 'REASSURE' BUSINESS: TCS wins £600-mn Ideal from Phoenix

TATA CONSULTANCY SERVICES (TCS), the country's largest IT services firm, has won an over £600million (about $723 million) contract with Phoenix Group, UK's largest long-term savings and retirements provider, to digitally transform the latter's ReAssure business using the TCS BANCS-based platform. The deal is an expansion of TCS's long-standing partnership with the Phoenix Group.

Uber sets sights on profitable 2023

UBER TECHNOLOGIES ON Wednesday set its sights on delivering profits this year after rounding off 2022 with blow-out earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows.

BALL IN WASHINGTON'S COURT: China says US should return balloon debris

A PROMINENT CHINESE diplomat said the US should return debris from the balloon it shot down because it is the Asian nation's property, putting the decision over the aircraft's remains in Washington's hands.

Let's 'finish the job': Biden to Republicans

PRESIDENT BIDEN CHALLENGED the new House Republican majority on Tuesday night to work together with him to \"finish the job\" of repairing America's unsettled economy and fragile democracy even as the emboldened opposition geared up to try to force him to change course.

Hopes fade as Turkey, Syria quake toll rises to 11,000

WITH HOPE FADING to find survivors, stretched rescue teams toiled through the night in Turkey and Syria, searching for signs of life in the rubble of thousands of buildings toppled by a catastrophic earthquake. The death toll rose Wednesday to more than 11,000 in the deadliest quake worldwide in more than a decade.

E-rupee soon to be piloted by 5 banks in nine more cities

FIVE MORE BANKS will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday.

Discount push for cars at the end of the road

NEW EMISSION NORMS BRING DOWN CURTAINS ON SOME MODELS

Speed up capex to get loan, states told

TO ENSURE STATES don't cut back on their capital expenditure, the Centre has linked a third of the 'untied' part of the capex loan to them in FY24, to achievement of their individual capex targets in the year. Of the ₹1.3 trillion loan, 1 trillion is untied, while the balance is linked to reforms and other criteria specified by the Centre.

People's support my shield, says PM in attack on Oppn

No reference to Adani controversy, terms 2004-14 a lost decade’

Total puts Adani plan on hold till audits are over

French giant was to ink hydrogen deal with conglomerate

Rate hike door kept open

MPC raises repo rate by 25 bps to 6.5%. FY24 consumer price inflation seen at 5.3%. Economic growth estimated at 6.4%

Turkey-Syria Quake Toll Tops 5,100; Hundreds Still Trapped

WHO warns toll could rise manifold

Rahul questions Adani's rapid rise under Modi

Govt asks for proof, calls Cong leader’s allegations wild’

RCap: Torrent, others get NCLAT notices

Told to reply within three days; hearing fixed for Thursday

Credit risk unlikely for banks: Rating cos

THE EXPOSURE OF Indian banks to the embattled Adani Group is not enough to impact their credit profiles, two rating agencies Moody's and Fitch said on Tuesday, weeks after a US short-seller report unleashed a brutal rout in shares of the conglomerate's businesses.

BSE to divest 2.5% stake in CDSL; net profit down 18%

THE BSE ON Tuesday reported an 18% decline in its net profit for the December quarter to 47.8 crore, compared with 58.5 crore for the corresponding period of the previous financial year.

Debt funds may benefit if HNIs shift from MLDs

FINANCE MINISTER NIRMALA Sitharaman’s proposal to tax gains from market-linked debentures has put the spotlight on HNI investors anda potential shift in their investment strategy.

PSU banks expect steady NIM despite cost pressures

MOST TOP PUBLIC sector lenders are confident of holding the net interest margin NIM) at the current levels though the pressure from higher cost of deposits has started to build up.

Sunak rejigs team in bid to spur economy

BRITISH PRIME MINISTER Rishi Sunak reshuffled his cabinet on Tuesday, breaking up two departments to better suit his pledges to spur the economy and turn around his party's fortunes before an election expected next year.