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Q3 advance tax receipts up 19%

Overall direct tax collections up 21% on year

A win-win move for Hardik & Rohit

EIGHT YEARS AGO, Hardik Pandya walked into an illustrious Mumbai Indians dressing room with his heartbeat racing and mind freezing. He returns to the same place, where there are still illustrious names, but as the team's all-powerful captain.

A first in India: Delhi airport to get CTX and body scanners

FULL BODY SCANNERS and computer tomography X-ray (CTX) scanners, awaited for long, are likely to be installed by May 2024 at Delhi's Indira Gandhi International (IGI) Airport, according to the director general of bureau of Civil Aviation Security (BCAS) Zulfiqar Hasan.

Oppn insists on Shah statement on breach, stalls House proceedings

PROCEEDINGS IN PARLIAMENT were washed out for the second consecutive day Friday as Opposition parties continued to hold protests over Wednesday's security breach, insisting on a statement from Union Home Minister Amit Shah anda discussion in both Houses.

Arrest illegal, extradition to US unsafe: Kin to SC

Hearing on January 4; Nikhil Gupta, indicted in the US, is in Czech custody

Rupee jumps 27p, posts best day in over 8 months

THE RUPEE POSTED its biggest single-day gain in more than eight months on Friday amid heavy dollar inflows and a sharp rally in domestic equity markets to fresh record highs.

Bond yields log biggest weekly fall in 7 months

GOVERNMENT BOND YIELDS fell sharply on Friday, with the benchmark yield posting its biggest weekly decline in over seven months after the US Federal Reserve struck a dovish tone at its policy meeting earlier this week.

Hungary blocks €50 billion of EU funding for Ukraine

HUNGARIAN PRIME MINISTER Viktor Orban vetoed a major European Union aid package for Ukraine on Friday and warned he could still halt Kyiv's accession to the bloc after membership talks won EU approval.

Disney, Sony deals may make consumer reach harder

TWO LARGE MEDIA deals in India are giving the likes of Unilever and Procter & Gamble a reason to worry: If entertainment goes the way of telecom and ends up effectively as a duopoly, will it become costlier for large consumer brands to reach 1.4 billion people? The first of these two transactions may come as early as Monday and would see Walt Disney enter into a non-binding agreement with Mukesh Ambani-led Reliance Industries to merge their media businesses in the country.

Festive cheer takes Nov air traffic to six-month high

THE DIWALI HOLIDAYS pushed the total number of domestic fliers in November to a six-month best to 12.73 million passengers, 9% higher than the same month last year. The previous peak of 13.2 million passengers was in May.

Grounded fleet could cost airlines $400 mn in revenue

INDIAN CARRIERS costs of $100-160 COULD incur million every month and a revenue loss of $280400 million every four weeks for the grounded fleet for want of spare parts or engine replacements.

Grihum Housing expects insurance distribution licence by March

GRIHUM HOUSING FINANCE, formerly known as Poonawalla Housing Finance, has applied to the Insurance Regulatory and Development Authority of India for a corporate agency licence, which will help diversify product offerings and earn fee income. The company expects to receive the licence by March.

Govt allows cane juice, B-molasses to make ethanol

THE GOVERNMENT ON Friday allowed sugar mills to use both cane juice and B-heavy molasses to produce ethanol but capped the diversion of sugar for the purpose at 1.7 million tonne (MT) for the ongoing supply year.

Tweaks in IBC after 2024 Lok Sabha polls

THE INSOLVENCY AND Bankruptcy Board of India (IBBI) is expected to introduce key changes in regulations post general elections in 2024, as the changes would require amendments in the Insolvency and Bankruptcy Code (IBC) to be done simultaneously, an official aware of the matter told FE.

Tech cooperation with Saudi, Tanzania gets Cabinet nod

THE UNION CABINET two technological agreements signed separately with Tanzania and Saudi Arabia, according to an official statement.

At WTO, India blocks EU move for ruling to lower ICT tariffs

AS TALKS WITH the European Union (EU) on resolving the dispute around Indian import tariffs on information technology products hit a roadblock, New Delhi has filed an appeal at the World Trade Organisation (WTO) to pre-empt the adoption of an adverse ruling that had been delivered in the case.

Critical mineral exploration rules eased

THE GOVERNMENT ON Friday launched a new scheme to directly sanction exploration projects to Notified Private Exploration Agencies (NPEAs) for critical and deep-seated minerals.

India, UK working on deal in EVs, visas under trade pact

AS THE PACE of negotiations on India-UK free trade agreement picks up again, both sides are working to narrow the differences on the extent of concessions on trade in electric vehicles and mobility of skilled professionals, a senior official said on Friday.

Exports shrink again, trade deficit drops in November

INDIA'S MERCHANDISE EXPORTS growth slipped into the negative zone in November, as challenges in the key markets saw no sign of easing, but the government insisted green shoots are \"stabilizing\" and for the full year, shipments could reach \"decent levels.

Now, govt flags cyber risks in Samsung, Google Pixel phones

AFTER FLAGGING MULTIPLE security threats in iPhones over the past several months, the Indian Computer Emergency Response Team (CERT-In) has now detected certain high-risk vulnerabilities in Samsung and Google Pixel phones, according to latest advisories issued by the government agency.

EMIs may go up as SBI hikes MCLR

STATE BANK OF INDIA (SBI) on Friday hiked its marginal cost of funds-based lending rate (MCLR) on various tenures by 5-10 basis points (bps), a move that could make consumer loans, such as auto or home loans, more expensive for borrowers.

Sensex on a roll, zooms past 71K

Nifty jumps 274 points to close at new high

Infosys rolls out pay hikes ahead of New Year

INFOSYS, THE COUNTRY'S second-largest IT firm, on Friday, gave salary hikes to its employees after deferring them for around five months. The hikes are effective November 1.

Ola's Aggarwal launches Krutrim, India's answer to ChatGPT, Bard

AI model can generate text in 10 Indian languages

Dhoni's iconic No. 7 jersey no longer up for grabs for players

MS DHONI'S ICONIC No. 7 jersey won't be seen on any other India cricketer. Three years after he hung his boots as an international cricketer, the Indian cricket board, in a tribute to his contribution to the sport, has decided to \"retire\" the number sported by the World Cup-winning captain.

Day after security breach, chaos in House: 14 Oppn MPs suspended

A DAY AFTER a serious security breach saw two men with smoke cans jumping into the Lok Sabha chamber from the visitors' gallery in Parliament, the issue snowballed into a fullblown confrontation between the Opposition and the government Thursday after Opposition MPs pressed for a statement from Union Home Minister Amit Shah followed by a discussion on the breach.

Regulating online gaming key to ensuring user safety

THE ONLINE GAMING industry has rapidly expanded, significantly contributing to India Inc's growth. According to a report by Lumikai, the industry holds immense potential, with an estimated revenue of $3.10 billion in FY23 and a 19% growth rate in the past year. Projections indicate a continued upward trajectory, with a CAGR of 20% expected from 2023 to 2028.

Impeachment inquiry againtst Biden authorised by Republicans

REPUBLICANS IN THE US House voted Wednesday to formally authorize an impeachment inquiry into President Joe Biden, escalating a probe that has been underway for several months.

AMID WAVERING SUPPORT FOR KYIV: Putin vows Russian victory in Ukraine

PRESIDENT VLADIMIR PUTIN said Russia remains determined to achieve its military aims in Ukraine, as divisions over US and European aid threaten to undermine Kyiv's ability to repel the invasion.

India oil demand growth to taper in 2024

THE GROWTH IN oil demand in India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.