CATEGORIES
Gaza truce deal in works as US envoy holds crucial talks
Sullivan meets Netanyahu before heading to Egypt, Qatar
Delhi now 13th state to roll out monthly allowance for women
Aam Aadmi Party (AAP) chief Arvind Kejriwal on Thursday announced the launch of the Mukhya Mantri Mahila Samman Yojana under which a monthly assistance of ₹1,000 will be given to eligible women of Delhi.
No fresh pleas to reclaim religious places: SC to courts
In an important development, the Supreme Court (SC) on Thursday restrained till further directions the courts in the country from entertaining fresh lawsuits and passing any effective interim or final orders in pending ones seeking to reclaim religious places, especially mosques and dargahs (a Muslim shrine).
Govt seeks Parliament approval for ₹88K cr additional spend
The Union finance ministry on Thursday sought the approval of Parliament for a gross additional expenditure of around ₹87,762 crore involving a net cash outgo of ₹44,123 crore through the first Supplementary Demands for Grants.
Cabinet clears Bills for simultaneous elections
Almost three months after the Union Cabinet accepted the recommendations of the former President Ram Nath Kovind-headed high-level committee on \"One Nation One Election (ONOE)\", it approved two Bills on Thursday.
Rupee hits fresh intraday low of 84.88 a dollar
The rupee depreciated to a new low of 84.88 per dollar on Thursday due to selling in domestic equities and a rise in crude oil prices, according to dealers.
Lenders may securitise loans over ₹60K cr in Q3
With challenging liquidity conditions, banks and finance companies are getting to securitise-pass through certificates (PTCs) and direct assignment (DA) loans worth over 60,000 crore in the third quarter of the current financial year ending December 2024 (Q3FY25), to generate resources for deployment in lending.
India must address challenges to unlock its FDI potential
With concerns about slowing economic growth and declining foreign direct investment (FDI) inflows, SANJAY NAYAR, former head of India for KKR & Co and Citigroup, and now the founder of venture capital fund Sorin Investments and president of Assocham, shares his strategy for putting India back on the path to long-term growth with Surajeet Das Gupta in New Delhi. Edited excerpts:
Irdai may limit insurance firms' overdependence on parent banks
Regulator proposes channel diversification to protect customers from forced policy sales
NITI paper: Improved sanitation reduces child malnutrition
A working paper by NITI Aayog has argued that improved sanitation, either through private or shared sources, reduces child malnutrition, which in turn reduces child mortality across states.
‘RBI has a tough balancing act to do’
HARSHA VARDHAN AGARWAL, vice-president and managing director of fast-moving consumer goods (FMCG) company Emami, took over as president of the Federation of Indian Chambers of Commerce and Industry (Ficci) last month. In a wide-ranging interview with Akshara Srivastava and Asit Ranjan Mishra in New Delhi, Agarwal shows confidence of a pickup in private capex and opportunities arising out of United States President-elect Donald Trump's tariff war. Edited excerpts:
Like US, India should be open to China investments: Panagariya
India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said at the CII event on Thursday.
Economic growth will be back on track by end of FY25: Goyal
Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this financial year will be back on track despite global uncertainties.
India on track to achieve 6.5-7% GDP growth: CEA
Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said India is on track to achieve 6.5-7 per cent GDP growth for the current financial year, pencilled in Economic Survey.
Avoid protectionism that hinders trade: Commerce secretary
Commerce Secretary Sunil Barthwal on Thursday said the world needs to avoid the kind of protectionism which creates more barriers that hinders trade.
'India needs to ramp up structural reforms'
World Bank Chief Economist Indermit Gill said on Thursday that although India is better positioned than many of its peers to navigate the current global challenges, it should accelerate its structural reforms.
‘India needs to ramp up structural reforms’
World Bank Chief Economist Indermit Gill said on Thursday that although India is better positioned than many of its peers to navigate the current global challenges, it should accelerate its structural reforms.
India lays stress on 'transition period' for EU green norms
Shares discussion paper flagging possible disruptions
Titan eyes 20 Zoya stores over next 3 to 4 years
Titan's luxury brand Zoya is eyeing 20 stores in the next three to four years, CEO of the brand's jewellery division, Ajoy Chawla, said on the sidelines of a Zoya boutique launch in Kolkata, marking the entry of the brand in East India.
Delhi HC junks ₹5K cr demand against Indus Towers
The Delhi High Court on Thursday allowed a plea challenging the show-cause notice (SCN) seeking to deny the input tax credit (ITC) on inputs and input services used for setting up passive infrastructure and quashed the ₹5,454 crore demand raised against Indus Towers Ltd.
FMCG firms passing 3-7% of price rise to consumers
Fast-moving consumer goods (FMCG) companies are increasing prices but are not passing on the entire price hike to the consumer as rural markets have just about begun to witness revival while urban demand is stagnating.
Sterlite Power raises ₹725 crore to fuel GPS biz expansion
Leading power transmission player Sterlite Power on Thursday announced raising ₹725 crore for its global products and services (GPS) business from GEF Capital Partners and ENAM Holdings.
Govt announces formula for classifying 'green steel'
The steel ministry on Thursday announced a formula for defining 'green steel,' classifying it under three categories based on the quantity of carbon emissions per metric tonne of the alloy produced.
Auto industry bodies send SOS to govt on steel imports
Two leading auto industry bodiesAutomotive Component Manufacturers Association of India (Acma) and Society of Indian Automobile Manufacturers (Siam)have urged the Ministry of Steel and the Ministry of Heavy Industries to lift restrictions on certain steel imports, citing concerns over potential disruptions to automobile production in India.
'We should double in size in 5 years'
Bajaj Finance has recently unveiled its long-range strategy for the next five years, where it has said the company will pivot from financial technology to FinAl. RAJEEV JAIN, managing director of Bajaj Finance, shares the milestones the company aims to achieve in the next five years in a telephonic interview with Manojit Saha. Edited excerpts:
Samsung accuses CCI of detaining employees, seizing data unlawfully
Samsung has accused the Competition Commission of India (CCI) of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon and Walmart's Flipkart, a legal filing shows.
Retail inflation eases to 5.48%
With the slowdown in food prices and a high base, which is favourable, India's retail inflation rate, based on the consumer price index (CPI), fell within the Reserve Bank of India's (RBI's) tolerance band at 5.48 per cent in November, from a 14-month high of 6.21 per cent in October, raising hopes of a much anticipated policy rate cut in the February review.
Rosneft inks record oil supply deal with RIL
To supply up to 500K bpd; transaction estimated at $13 bn per year
Gukesh draws against Liren in 13th game
Indian Grandmaster D Gukesh (pictured) tried his best but could not break past a resilient defending champion Ding Liren of China and had to settle for a draw after 68 moves in the 13th and penultimate game of the World Chess championship on Wednesday.
Indian tourist boom spurs revival in US hotel revenues
US hotels and travel companies are aiming to tap a surge in Indian tourists to boost revenue as domestic leisure spending falters and demand from East Asian countries remains below pre-pandemic levels.