CATEGORIES

Vedanta Resources raises $800 mn from global investors via new bond issue

UK-based Vedanta Resources, the parent of India's Vedanta, has raised USD 800 million from global investors through a new bond issue.

Simaero to invest 200 mn euro to set up flight simulator training centre in India

French company Simaero plans to start its flight simulator training facility in the national capital early next year and invest about 200 million euros in India over ten years.

Telecom tower firms to spend ₹21K cr in FY25, FY26

Independent telecom tower companies in India are likely to spend Rs 21,000 crore over fiscals 2025 and 2026 to support the telecom companies in expanding rural networks and improving service quality in urban areas, a report showed on Tuesday.

SC dismisses tax dept's reassessment order against Flipkart India

The Supreme Court Tuesday rejected an order by the additional commissioner, commercial tax, Ghaziabad zone I, granting permission to Flipkart India Pvt. Ltd.'s assessing authority, the deputy commissioner for commercial tax, Ghaziabad, to reassess the company for assessment year 2012-13 (Apr-Mar) in the extended period of limitation provided under Section 29(7) of the Uttar Pradesh Value Added Tax Act, 2008.

Ambition to Adversity: Shashi Ruia, Essar, & a cyclone's lasting impact

The passing of Shashi Ruia, who founded Essar Group along with younger brother Ravi Ruia in the late 1960s, brings back memories of Essar's shadow corporate battle with Reliance Industries in the 1990s.

Moody's cuts outlook on Adani cos to -ve; Fitch puts two Adani bonds on -ve watch

Ratings agency Moody's said on Tuesday that it has cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable', citing the US indictment of Chairman Gautam Adani and others on alleged bribery charges, while Fitch Ratings put some bonds of the conglomerate on negative watch.

India signs Riyadh design law treaty

India has signed the Riyadh Design Law Treaty, which seeks to harmonise procedures and simplify registration processes of industrial designs in different countries, an official statement said on Tuesday.

New credit card issue declined by 45% in Oct

The credit card industry witnessed a sharp correction of 45 per cent year-on-year in October as the new credit card issue declined to 7.8 lakh from 16 lakh cards issued last year during the same month.

Gilts end lower on profit booking

Prices of government bonds ended lower as traders sold their bonds at a profit, dealers said.

Milk production up 4% to record 239 MT in FY24

India's milk production rose nearly 4 per cent annually to 239.3 million tonnes in 2023-24 on better productivity, even as milk output of buffaloes declined 16 per cent annually, according to government data on Tuesday.

RBI Guv discharged from hospital

Reserve Bank Governor, who was hospitalized at a private hospital in Chennai last night following acidity-related complaints, was discharged on Tuesday.

Term deposits outpace CASA growth in Sep: RBI

Deposits of all population groups recorded double-digit annual growth

Real estate sector to cross $4.8 tn by 2047: Report

The Indian real estate sector is set to cross $4.8 trillion in market size by 2047, contributing over 18 per cent to the projected $26 trillion GDP target for the year, according to a joint report by real estate body CREDAI and Ernst & Young released on Tuesday.

EXISTING PAN HOLDERS DO NOT NEED TO APPLY AFRESH UNDER PAN 2.0: TAX DEPT

Existing Permanent Account Number (PAN) card holders are not required to apply for a new one under the upgraded PAN 2.0 system that is primarily aimed at introducing a 'common identifier' for all business-related activities, the Income Tax Department said on Tuesday.

Essar group co-founder Shashi Ruia dies

Shashikant Ruia, a first-generation entrepreneur who turned a small construction business into an infrastructure conglomerate, died after a prolonged illness. He was 80.

Sebi introduces mark-to-market basis valuation for repo transactions by MFs

Markets regulator Sebi on Tuesday decided to introduce new valuation metrics for repurchase or repo transactions by mutual funds, whereby securities used in such transactions will be valued on a mark-to-market basis.

PSU banks to launch new products in 3-4 mths to ramp up credit growth: Banking Secy

\"Though the banking sector is robust, rising digital frauds are posing a risk to financial sector stability\"

Mkts snap 2-day rally on weak global trends

Benchmark indices Sensex and Nifty snapped the two-day rally and closed lower on Tuesday in line with weak global market trends amid concerns over tariff threats by US President-elect Donald Trump.

Livestock census begins in district

The 21st Livestock Census will be implemented between Nov 25 and Feb 28 in the district.

Govt plans insurance law changes for unified licence, hiking FDI limit: Sources

Improving insurance penetration

Two cars turn turtles

Two cars turned turtles at the same place within 12 hours on Monday. Fortunately, no lives were lost, but traffic was jammed for hours.

Woman missing with daughter

A 20-year-old married woman, Vaishnavi Ram Wavadane, has been missing with her 2-year-old daughter, Aaradhya, from Ranjangaon (Shenpunji) in the Waluj area since last Friday.

Double murder over land dispute

The bodies of two men were found mutilated on the plateau of Salher Fort in Jaykheda on Friday, Nov 22.

Nagraj Manjule to receive Mahatma Phule Samata Award

Renowned writer, director and actor Nagraj Manjule will be honoured with the prestigious 'Mahatma Phule Samata Award' this year.

BAMU's graduation examinations start

Dr Babasaheb Ambedkar Marathwada University's (BAMU) and the affiliated colleges to the university's graduation examinations started in 234 centres in four districts on Tuesday.

Mahayuti dominates North Maharashtra

The Maha Vikas Aghadi (MVA) has faced a resounding defeat in North Maharashtra, with the Mahayuti alliance achieving a near-clean sweep by winning 33 out of 35 seats.

Tribal Development Department celebrates Constitution Day

The Tribal Development Department celebrated Indian Constitution Day with great enthusiasm on Tuesday, Nov 26.

Lack of demand cripples Khandesh cotton production

COTTON WOES | Only 1.5 lakh bales purchased in Khandesh

Make micro-planning for water projects: Gawade

WATER PLAN | The Commissioner chaired divisional meeting

Minimum temp drops to 9.5°C

The winter chill has set in Pune, prompting Punekars to bring out their sweaters.