CATEGORIES

Closer coordination among regulators key to NBFC stability: RBI DG

Even as the RBI has harmonised regulations for non-banking financial companies (NBFCs) to prevent arbitrage, the growing diversity of entities in the sector and their increasing interconnectedness highlight the need for closer coordination among financial regulators to ensure financial stability, said M Rajeshwar Rao (pictured), deputy governor, RBI.

BoI, BoB mop up ₹8,500 cr via bonds amid strong demand

State-owned Bank of India (BoI) raised ₹5,000 crore through a 10-year infrastructure bond issuance at a coupon rate of 7.41 per cent on Wednesday.

A YR OF CROSS-BORDER PAYMENT NORMS Just 4 cos got nod for cross-border payment ops

The Reserve Bank of India (RBI) first introduced guidelines to regulate payment aggregator cross-border (PA-CB) entities over a year ago.

Want to create all-weather franchise

The Reserve Bank of India (RBI) recently approved Amitabh Chaudhry's re-appointment as managing director and chief executive officer of Axis Bank for three more years. Chaudhry, who took charge of the third-largest private sector lender in January 2019, spoke to Manojit Saha and Subrata Panda in Mumbai on what it will take to be in the top two private banks in the country. Edited excerpts:

Pocket FM's revenue up 6x to ₹1,052 cr in FY24

Audio series startup Pocket FM reported consolidated revenue of ₹1,051.97 crore for the financial year 2023-24 (FY24), registering around six times growth from 176.36 crore in the previous financial year.

KARNATAKA TOPS POSITIVE TALENT BALANCE RANKING

India has a mere nine states that are talent positive states, and Karnataka has emerged as the number one state with the highest positive talent balance, said a report.

Women safety in focus as Uber rolls out new features

Uber has introduced a host of features in India in its bid to ensure safer driving experience for both driver and rider, with a special emphasis on women.

NTT DATA to buy Niveus Solutions

Digital business and IT services firm NTT DATA said on Wednesday that it had signed a definitive agreement to acquire Niveus Solutions, a Karnataka-based Cloud engineering company specializing in Google Cloud Platform (GCP) services.

ShopDeck raises $8 mn to support small biz

ShopDeck, a direct-to-brand (D2C) ecommerce enabler, has raised $8 million in funding led by Bessemer Venture Partners, with participation from Elevation Capital, Venture Highway, and Chiratae Ventures.

Welspun One opens ₹2,700 cr industrial park at JNPA SEZ

Integrated fund and development management platform Welspun One on Wednesday announced the launch of the country's largest single-location Grade A warehousing and industrial park at Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone in Navi Mumbai at an investment of ₹2,700 crore.

Sazerac targets India's whisky mkt to uncork bourbon growth

Sazerac Company, the largest distiller in the US, is looking to leverage India's position as the world's largest whisky market to introduce a range of bourbon whiskies in the country.

Corporate exit time down to 70-90 days under C-PACE

Earlier, average time taken for processing applications was over 6 months

Nykaa acquires majority stake in Earth Rhythm

Beauty and fashion brand Nykaa on Wednesday announced that it has completed the acquisition of a majority stake in Earth Rhythm, a home-grown clean beauty and personal care brand.

Qcom on rise, ITC devises bespoke strategy for distribution channels

As kirana stores grapple with increasing competition from quick commerce platforms, fast-moving consumer goods (FMCG) major, ITC, is tailoring assortments across distribution channels to ensure relevance and survival of each.

Killer application of 5G not a single use case but use places

Telecom operators must offer differentiated 5G services to monetise the technology, focusing on \"use places\" like Indian Premier League matches or major concerts as much as use cases, says JASMEET SINGH SETHI, head of Ericsson ConsumerLab, in an interview with Subhayan Chakraborty in New Delhi. Tracking global trends for over two decades, ConsumerLab sees GenAI driving the next wave of 5G adoption in India. Edited excerpts:

Honda enters e-scooter mkt, banking on 'trust'

Unveils swappable battery-run 'Activa E' and fixed battery-run 'QC1'

Adopt 'exponential mindset' for AI: Son to entrepreneurs

SoftBank CEO Masayoshi Son, currently on a brief visit to India, on Wednesday held discussions with over 20 Indian entrepreneurs, including some from SoftBank's portfolio companies.

PSBs to raise ₹25K cr from equity mkt

Public sector banks (PSBs) have secured approval from the finance ministry to raise ₹25,200 crore in the current financial year (2024-25) from the equity market, according to an internal document reviewed by Business Standard.

Pay cheque pinch hits consumer demand

The slowdown in consumer demand in recent quarters can be traced to a deceleration in salary and wage growth across corporate India.

Key charges not against Gautam Adani: Group

Sagar Adani, Vneet Jaain also not named, says group; stocks surge

CESS AND SENSIBILITY

Southern states say cess and surcharge eat into their share of resources, urge 16th Finance Commission to consider contribution to national economy

India's transport future balances fossil fuels and clean tech

Fossil fuels will continue to play an important role in India's transportation sector, even as alternative fuel technologies see multifold growth.

Over 6K pollution plaints in Delhi since Oct 2021; 38% still unresolved: CPCB

Delhi registered 6,170 complaints related to air pollution between October 15, 2021 and November 19, 2024, with 2,333 (38 per cent) of these remaining unresolved, according to data from the Central Pollution Control Board (CPCB).

Indians see wallets drain by ₹485 crore in 'UPI scams' in FY25

Over 600,000 incidents of fraud have been reported in the ongoing financial year till September

Future of television is smart and networked

The smart TV market has been stagnant. Is Dor the disruption it needs?

Centre spent ₹3,623 crore on crop residue mgmt since 2018: Environment minister

Since 2018, the Centre has spent ₹3,623.45 crore on crop residue management in Delhi, Punjab, Haryana, and Uttar Pradesh, with ₹1,681.45 crore allocated to Punjab, the highest among the states, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh said in the Lok Sabha.

Silver prices as volatile as stocks: Should you pick gold or silver?

A Motilal Oswal Private Wealth (MOPW) report released on November 25 shows that between 1990 and October 2024, silver's price has been just as volatile as Indian stocks.

Tech stocks gain as recovery takes hold

Nifty IT index hits all-time high as IT outlook turns positive

Adani group stocks settle in red

UNDER PRESSURE

Enviro Infra booked 89.9 times on last day

The initial public offering (IPO) of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday.