CATEGORIES
China to launch $40 bn state fund to boost chip industry
The target outdoes similar funds launched earlier
Rupee falls most in a month as crude oil prices weigh
Closes below 83-level against the dollar for fourth time in a month
Realtors expect 15-20% jump in festive sales
DISCOUNT OFFERS UNLIKELY ON ROBUST DEMAND
Amazon India now has 6,000 EVs in its flee
AMAZON INDIA, WHICH is targeting to include 10,000 electric vehicles in its delivery fleet by 2025, has already added 6,000 till date, Abhinav Singh, VP, customer fulfilment, Amazon transportation services, global specialty fulfilment and supply chain, told FE.
Auto sales in top gear in August
Vehicle registrations grow 8% year-on-year
L'Oreal aspires to make India its next billion-euro market
NICOLAS HIERONIMUS, CEO, L'OREAL SA, the world's largest cosmetics company, has been keenly tracking the performance of India.
Fall in hydro power, record demand cause big shortage
DRY AUGUST LEADS TO HIGHER ELECTRICITY USE
CBI arrests GAIL exec in ₹50 lakh graft case
THE CBI HAS arrested an executive director of GAIL in connection with an alleged 150 lakh bribery case, in which money changed hands to favour some contractors in the gas pipeline projects, officials said on Tuesday.
Inflation to remain elevated in next few months: S&P
INFLATION IN INDIA is likely to remain elevated in the near term but government policies will prevent it from rising further, S&P Global Ratings economist (Asia Pacific) Vishrut Rana said on Tuesday.
Services PMI eases as sales growth ebbs in August
INDIA'S SERVICES PURCHASING Managers' Index, compiled by S&P Global, eased to 60.1 in August from an over 13-year high of 62.3 in July.
RBI plans e-rupee use in call money market
EFFORTS ON TO INTERNATIONALISE RUPAY, UPI
Row erupts over President of Bharat G-20 dinner invite
GOVT SAYS NAME CHANGE TALK 'RUMOURS'
Car sales may hit 1 mn in festive period
THE SIX-WEEK-long festive season that kicks off in a few weeks will most likely witness sale of one million units of passenger vehicles making it the best-ever season for the automotive industry.
Supply cut extension pushes oil past $90
Brent crude futures for November were up $1.21, or about 1.4%, to $90.21 a barrel by 1353 GMT, eclipsing the $90 level for the first time since last November.
2 bn transactions a day on UPI radar
Lower underwriting costs to help in 2030 target, says CEO Asbe
SEBI PLANS INSTANT TRADE SETTLEMENT IN A YEAR: 1-hour settlement in March
THE SECURITIES AND Exchange Board of India (Sebi) has taken the superfast track on trade settlement.
Asia Cup: Rain puts advertisers on sticky wicket
ACC MAY SHIFT SUPER 4 MATCH VENUE
Balance confirmation certificate by FY24-end: PSB Alliance MD
PSB ALLIANCE, A private company promoted by India's 12 public sector banks to further government schemes, is looking to launch balance confirmation certificates and an e-auction portal for all state-run banks by the end of current fiscal, the company's MD and CEO Rajinder Mirakhur told FE.
Sharma may raise his stake in Paytm
VIJAY SHEKHAR SHARMA, the founder and chief executive officer of the country's biggest digital payments company, said he'll look to raise his stake as Paytm approaches profitability.
Cross-border payments to be faster, cheaper through CBDCs: Das
THE ISSUE OF easing cross-border payments is a priority area for India's G20 presidency and adoption of central bank digital currencies (CBDC) by global banks could make such payment transactions faster, cheaper and more secure, Reserve Bank of India (RBI) Governor Shaktikanta Das said at the G20 Tech Sprint Finale held here today.
Black Sea grain deal can be revived soon: Erdogan
TURKISH PRESIDENT TAYYIP Erdogan said after talks with Russia's Vladimir Putin on Monday that it would soon be possible to revive the grain deal that the United Nations says helped to ease a food crisis by getting Ukrainian grain to market. Russia quit the deal in July - a year after it was brokered by the United Nations and Turkey - complaining that its own food and fertiliser exports faced serious obstacles.
Absence of Xi deepens chill in India-China relations
CHINESE PRESIDENT XI Jinping is not going to attend the G20 summit in New Delhi on September 9 and 10 - in what is going to be the most conspicuous and telling absence from the summit.
'Festive season, kharif crops to fuel tractor demand'
THE UPCOMING FESTIVE season and higher Kharif sowing are expected to boost the domestic tractor demand in the next few months, said Hemant Sikka, the president of Mahindra & Mahindra's farm equipment sector.
SUVs drive Hyundai sales after Exter's strong show
CONTRIBUTE 64% OF THE TOTAL PORTFOLIO
Pre-Budget meetings from mid-October
THE MINISTRY OF Finance will kickstart the 2024-25 Budget exercise from the second week of October, with expenditure and finance secretary TV Somanathan holding meetings in batches with ministries on their revised estimate (RE) for FY24 and budget estimate (BE) for FY25.
Govt ready with data protection Act rules
MINISTER OF STATE for electronics and information technology Rajeev Chandrasekhar on Monday said that the government has finalised the rules for implementing the newly enacted Digital Personal Data Protection (DPDP) Act.
Need to revive BOT via smaller road projects: Gadkari
Minister unhappy with quality of roads made under EPC; rues undue reliance on govt funds
Zepto makes haste slowly on the quick commerce route
THE NAME ZEPTO is derived from the shortest unit of measurable time in Physics.
Metal index at 17-month high, outperforms Sensex
SHARES OF METAL companies and manufacturers are shining, with the BSE Metals indexat a 17-month high.
India Inc's ₹10 crore-plus salary club swells in FY23
Nifty50 firms' CEOs were, however, not as lucky