CATEGORIES

Retail auto sales rise 14% in Jan

RETAIL SALES OF all vehicles increased 14% to 1.82 million units in January led by the growth in two wheeler and passenger vehicle volumes as new model launches, uptick in demand from the rural pockets and normalisation of supply chain fuelled the improvement.

Tata Steel slips into red in Q3

Hit by rise in energy prices, drop in prices realisations in Europe

Mahila Samman scheme not to offer any tax relief

Guaranteed return of 7.5% key attraction of deposit certificate

The quorum issue at Competition Commission

SECTION 22 OF Competition Act, 2002 specifies that there shall be three members to form the quorum. The retirement of former chairman some three months back left the Commission with only two sitting members,not sufficient to form the statutory quorum.

134% rise in cess receipts from FY18 to FY23, House told

REVENUE FROM MAJOR cess and surcharges collected by the Centre is estimated to have more than doubled in the current fiscal year, from the level in FY18.

Railways relies more on Budget for capex as PPP projects falter

The budget outlay is 2.4 trillion for FY24, up 50% on year

Govt to oppose HZL-Vedanta deal

Hindustan Zinc plans to buy parent’s global zinc assets for 2.98 billion

Voda Idea surges 20% on equity conversion nod

SHARES OF VODAFONE Idea jumped over 24% intraday to 8.57 on Monday, before closing at 8.26 on the BSE, buoyed by the government’s go-ahead to convert the telco’s regulatory dues into equity.On the NSE, they closed 20.44% higher at 8.25.

Adani promoters prepay 1.1 bn in loans

PROMOTERS OF ADANI Group companies said on Monday they have prepaid loans of up to 1.11 billion for the release of pledged promoter shares of some of its listed entities before the maturity date of September 2024.

Budget blow to IBC transactions

Finance Bill change may lead to tax on loan waivers

Govt weighs ITC stake sale

THE CENTRE HAS revived a plan to sell part of its indirectly held stake in ITC and the transaction could even be completed in the current financial year, according to an official source.

Regulators should be on their toes to keep market stable: FM

FINANCE MINISTER NIRMALA Sitharaman has said that regulators Sebi (Securities and Exchange Board of India) and the RBI (Reserve Bank of India) should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company-specific issue.

A ruler who allied with US and backed moderate Islam

PERVEZ MUSHARRAF, the four-star general who ruled Pakistan for nearly a decade after seizing power in a bloodless coup in 1999, oversaw rapid economic growth and attempted to usher in socially liberal values in the conservative Muslim country.

Pervez Musharraf dies in exile at 79

Breathed his last in Dubai following prolonged illness

Britannia Industries: results above estimates; growth in single digits

Strategic focus on expanding rural reach improved portfolio

HDFC: Steady loan growth continues, margins stable

Disbursement growth, in retail business, was low at 2.4% y-o-y in Q3

YOUR MONEY: Ways to de-risk your portfolio

Diversify your investments across and within asset classes, spread your risk across funds

MUTUAL FUNDS: Use quant funds as diversification tool

A good quant fund is one that considers multiple factors to select stocks

OIL'S NEW MAP: How India turns Russia crude into West's fuel

INDIA IS PLAYING an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.

Tata Motors looking to begin operations in Ford plant within 18 months

TATA MOTORS IS looking to commence operations at the Gujarat-based manufacturing plant it acquired from Ford over the next 1218 months, to scale up its production capacity, according to the head of its passenger vehicles business.

No systemic risk to Indian financial system: Kotak

IN AN APPARENT reference to the rout in shares of the Adani Group companies, veteran banker Uday Kotak on Sunday said there is no systemic risk to the Indian financial system from the recent events.

New airports planned amid trying times for UDAN

THE BUDGET HAS proposed to double the outlay for the regional connectivity scheme, UDAN, to ₹1,244 crore, from the current year's budgetary estimates of ₹601 crore.

20% of firms opt for exemption-free regime in FY21

These companies accounted for 61% of corporate income

Agri & processed to $19.4 billion in April-December food exports up 13%

EXPORTS OF AGRICULTURAL and processed food products rose by 13% to $ 19.4 billion during the first three quarters of the current fiscal (2022-23) compared to the same period last year, driven by a spike in shipment of rice, fruits and vegetables, livestock and dairy products.

PM to open energy week, launch E20 fuel today

PRIME MINISTER NARENDRA Modi will on Monday launch petrol blended with 20% ethanol

ENCOURAGING REFORMS IN ASSORTED AREAS: Tougher riders for capex loans to states in FY24

Tied funds to be a third of the ₹1.3-trn facility

Now hiring, say startups after firings

NEW-AGE FIRM JOB POSTINGS ALONE AT 15K IN JAN

CCI may start clearing M&A deals this week

Govt plans to invoke doctrine of necessity” to solve quorum issue

Govt blocks 232 China-linked apps

THE MINISTRY OF electronics and information technology (MeitY) has blocked 232 apps with links to China for alleged involvement in betting, gambling, money laundering, and unauthorised lending. These apps have been banned on account of national security concerns, according to people aware of the matter.

Smaller rural spends to keep consumption demand muted

SMALLER GOVERNMENT ALLOCATION for rural schemes and elevated inflation could weigh on sales growth at consumer-oriented companies, including makers of fast moving consumer goods (FMCG) and discretionary products.