CATEGORIES

CP, CD rates rise amid liquidity woes

Commercial paper (CP) rates have increased by 10-13 basis points (bps) across tenures in January so far, reflecting the impact of tightening liquidity in the market.

Ahead of Feb policy, RBI guv to meet bank chiefs this week

Sanjay Malhotra, who took charge as the governor of Reserve Bank of India (RBI) in December, will have his first interaction with the managing directors (MDs) and chief executive officers (CEOs) of public-sector banks (PSBs) and private lenders on Thursday, ahead of the February monetary policy review.

'Will become first Indian port to cross 10 mn TEU'

India's largest state-owned container port, Jawaharlal Nehru Port Authority (JNPA), is aiming to become the country's first port with a capacity of 10 million twenty-foot equivalent unit (TEU), said UNMESH WAGH, chairperson of JNPA, and chairman and managing director of Vadhvan Port Project, in an interaction with Prachi Pisal in Raigad (Maharashtra).

Unnecessary confusion on continuation of Rodtep scheme

Since the beginning of this year, exporters are being confused by the government regarding availability of duty credits under the Rodtep (Remission of Duties and Taxes on Export Products) scheme for physical exports of goods in discharge of export obligation against advance authorisations and exports by export-oriented units (EOU) and units in Special Economic Zones (SEZ).

Govt asks industries to identify import prospects from US

Major economies closely following Trump's moves

Realtors seek stamp duty cuts, revised home loan limits

As the Union Budget for 2025-2026 (FY26) inches closer, the Indian real estate industry is seeking stamp duty cuts, revised home loan limits and updated affordable housing norms through the Pradhan Mantri Awas Yojana (PMAY), single-window clearance and eco-friendly policies, among others.

Pharma firms gear up to comply with revised Schedule M

Revised Schedule M sets quality standards

Under Noronha, DMart mcap soared 500%

Neville Noronha, managing director and chief executive officer of Avenue Supermarts, which houses the brand DMart, announced on Saturday that he would not be extending his contract.

Singhania-backed firm seeks licence to restore foreign cars

Car restoration service provider Super Car Club Garage (SCCG), backed by Raymond chairman and managing director Gautam Singhania, has sought the Centre's green light for a licence to import foreign vehicles for restoration and subsequent re-export.

TCS Margin May Rise as BSNL Deal Effect Tapers

Tapering off of the effects of the BSNL deal is expected to be over in the next few quarters, and this will help TCS expand profit margin, a senior company executive has said.

AI to enhance efficiency, humans will play crucial role

You spoke about creating a 'pyramid with different skill sets'. Can you elaborate on this concept?

'Windsor has created a much-needed disruption in EV mkt

Electric crossover sport utility vehicle (SUV) Windsor, launched in September 2024, has achieved the goal of creating a much-needed disruption in the electric vehicle (EV) market, said Parth Jindal, director, JSW MG Motor India on Sunday.

Firms Line Up New Energy Projects for '25

RIL, L&T, and JSW likely to either commercialise their clean energy businesses or commission new ones in the near term

Luxury EV retail sales in 2024 clock 6.7% growth

The luxury electric vehicle (EV) market grew by a modest 6.7 per cent in 2024, with most companies registering a decline in sales.

Air India Aims to Double Int'l Transit Traffic in Three Years

Nearly 10 per cent of Air India's total international passengers currently use Indian airports as transit hubs, and the Tata Group-owned airline aims to double this share in the next three years, Chief Commercial Officer Nipun Aggarwal said on Sunday.

We're confident of hiring 40,000 freshers from campuses this year

Even as Tata Consultancy Services (TCS) senior management signals optimism for a stronger CY2025, the firm experienced a reduction of over 5,000 employees in Q3FY25. MILIND LAKKAD, chief human resources officer (CHRO), spoke with Shivani Shinde in Mumbai, about why this quarterly decline is not indicative of a slowdown in demand, and how it is positioning itself as an AI-first organisation. Edited excerpts.

FMCG distributors rally to defend turf against qcom, ecom rivals

Fast-moving consumer goods (FMCG) distributors will hold meetings along with retailers across various cities and districts in India to combat the rise of online retailing over the next three months.

In FY25, govt may save over ₹70K cr on expenditure

The government may save over ₹70,000 crore on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.

Adani surpasses RIL group firms in 2024 M&A deals

Listed entities of top five groups collectively account for 15.3% of total value

Qcom firms' foray into food biz rustles up restaurants

The Federation of Hotel & Restaurant Associations of India (FHRAI) on Friday said it will approach the commerce ministry to discuss private labelling of food items by Zomato and Swiggy through their recently-launched quick-food delivery platforms, Bistro and Snacc, respectively.

From Russia With Love

Indian refiners may face a windfall this year from falling Urals oil rates even as US levies sanctions on Russian firms. Will motorists benefit?

Meta's Fact-Check Shift in US Sparks Misinformation Fears in India

Meta's decision to discontinue its fact-checking programme in the United States has raised concerns among its partners in India, prompting many to reconsider their strategies.

SECTOR-THEMATIC NFOs Beware lack of track record, cyclicality, concentration risk

To capitalise on the bull market, mutual fund houses launched 202 new fund offers (NFOs) in 2024, a record high, according to data from Morningstar.

Short on funds? Book flights with 10-40% upfront & pay the rest later

Short of funds for an international trip? You can book your flight with just 10 to 40 per cent upfront payment.

Brokerages Upbeat on TCS After Q3 Miss

They highlight optimistic outlook and attractive valuation

Bombay Burmah, Wadias settle matter with Sebi for ₹2.1 cr

Bombay Burmah Trading Corporation, its promoters Nusli Wadia, his sons Ness Wadia and Jehangir Wadia, along with 14 others settled a matter with the Securities and Exchange Board of India (Sebi) for alleged violations of three regulations by paying the total settlement amount of ₹2.13 crore.

$35 bn IPOs in the pipeline this year: Kotak I-Banking

The momentum in the equity market is likely to continue with initial public offerings (IPOs) worth $35 billion in the next 12 months, Kotak Investment Banking said on Friday.

FPIs exit India debt market as bond yield gap with US shrinks

Foreign portfolio investors (FPIs), which returned to the domestic debt market in December after two consecutive months of net selling, started withdrawing again in January.

Record 4.5 million SIP closures in Dec, inflows stay strong

Investors are shutting down mutual fund (MF) SIP accounts at a record pace amid mounting equity market volatility.

63% of Nifty 500 stocks below long-term avg

Prolonged weakness in the benchmark indices seems to have taken a toll on the overall market breadth, with a vast majority of the stocks now trading below the long-term moving average.