CATEGORIES
Sebi suspends trading in Bharat Global on financial irregularities
SEBI ON MONDAY suspended trading in Bharat Global Developers for alleged financial misrepresentation, misleading disclosures, price manipulation and offloading shares at inflated prices.
Rupee closes at its lifetime low of 85.12
Weak yuan, demand for dollar keep the currency under pressure
Banks lobby RBI for new swaps market benchmark
A GROUP OF banks has asked the Reserve Bank of India to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.
Telcos told to offer separate voice, SMS recharge plans
THE TELECOM REGULATORY Authority of India (Trai) on Monday mandated telecom operators to offer separate recharge plans only for voice and SMS services.
OYO buys US-based G6 Hospitality in a $525-million deal
With this acquisition, Oyo will get around 1,500 franchised hotels across the US and Canada
AI integration seen gaining pace in 2025, to unlock biz value: Report
The upcoming year will see enterprises accelerating AI integration and other advanced technologies to unlock significant business value, according to Wipro's Tech Trends for 2025 report.
Simplilearn cuts losses by 56% to ₹107 cr in FY24
UPSKILLING PLATFORM SIMPLILEARN reduced its net losses by 56% to ₹106.7 crore in FY24 from ₹244.2 crore in FY23.
Telcos see fresh challenges from direct-to-mobile technology
TELECOM OPERATORS, REPRESENTED by the Cellular Operators Association of India (COAI), on Monday said the proposed direct-to-mobile (D2M) technology will pose new challenges.
Airtel adds users in Oct, Jio loses again
Airtel adds users in Oct, Jio loses again
Air passenger traffic rises 12% in Nov
PASSENGERS CARRIED BY domestic airlines in India grew by 12% to 14.2 million in November against the same month last year, as per data supplied by the Directorate General of Civil Aviation (DGCA).
Realty project costs, lease rents likely to rise on GST change
THE GST Council's decision to retrospectively amend the Central Goods and Services Tax (CGST) Act to restrict input tax credit (ITC) on construction services for commercial real estate such as malls, shops, etc., for leasing could push project costs and increase rents, said experts.
Fresh hikes to test FMCG pricing power
• CEOs say move to be calibrated to align with fragile demand
Zoho-backed Silectric to invest ₹3,426 cr in Karnataka
SILECTRIC SEMICONDUCTOR MANUFACTURING, a venture backed by Chennai-based Zoho Corp, will invest ₹3,425.6 crore to set up a manufacturing unit in Karnataka's electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs.
Seed funding hits a 4-year low
DESPITE A MODEST recovery in startup funding this year, seed-stage investments remain in a slump, hitting their lowest since 2020.
Former SC judge named as new NHRC chairman
FORMER SUPREME COURT judge V Ramasubramanian has been appointed the new chairperson of the National Human Rights Commission, the rights panel said on Monday.
Officers will have to learn groundworks for better coordination, says Vaishnaw
WHILE STRESSING ON the need for better coordination and understanding between ground level employees and the officers, Union minister for railways Ashwini Vaishnaw had on Saturday said that a module has been formulated for officers and employees, where both will be given training about each other's work.
Suspension of Swiss MFN status not to hit EFTA pact
THE SWISS DECISION to suspend the most favoured nation clause in the Double Taxation Avoidance Agreement will not delay the ratification and implementation of the already signed trade agreement between India and the EFTA bloc, Switzerland has said.
NFRA's move on 'SQM' rules needless, says ICAI
THE NATIONAL FINANCIAL Reporting Authority's (NFRA) move to notify standards on quality management (SQM) through the ministry of corporate affairs (MCA) is unnecessary, said Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India (ICAI).
West Asia share of crude imports at 9-month high
● Russia continues to be the top oil supplier to India
Double counting: $3-4 bn downward revision in gold import figures likely
AN UNUSUAL JUMP in gold imports in November (180 tonnes in volume, i.e., three times the average in the first 10 months, $14.3 billion compared with $4.3 billion in the first 10 months) is partly being explained by the double counting of gold-as it enters Special Economic Zones (SEZs) and then again as it exits the SEZs.
Discoms to miss target to cut AT&C losses again
DESPITE A SIGNIFICANT reduction in the national aggregate technical & commercial (AT&C) losses of electricity from 27.8% in 2008-09 to 15.37% in 2023, several states continue to report high losses over the past five years.
‘Mineral-rich Chhattisgarh now an investment destination too’
A year after assuming office, Chhattisgarh chief minister Vishnu Deo Sai has unveiled a new industrial policy aimed at attracting investments in various sectors such as semiconductors, information technology, electronics, food processing, renewable energy, tourism, and education.
1% rise in m-cap of firms boosts GDP growth by 0.6%: SBI report
A 1% RISE in market capitalisation leads to a 0.6% rise in gross domestic product (GDP) growth rate, according to a report by SBI Economic Research Department.
Bangladesh owes Tripura ₹200 crore in power dues
BANGLADESH OWES TRIPURA ₹200 crore in electricity dues but no decision has been taken on halting power supply to the neighbouring country yet, chief minister Manik Saha said on Monday.
Govt plans to cut agri transportation costs
UNION MINISTER FOR agriculture and farmers' welfare Shivraj Singh Chouhan said on Monday that the government is developing a new scheme to reduce the transportation cost of farm produce and ensure higher income for farmers.
GST panel against tax relief for EV charging stations
THE FITMENT COMMITTEE of the GST Council has recommended maintaining \"status quo\" in the current taxation structure for electric vehicle (EV) charging services, even as the industry is batting for complete exemption or a reduction in the tax rate from 18% to 5%, according to official sources.
Centre may peg FY26 fiscal deficit at below 4.5% of GDP
FOCUS ON IMPROVING QUALITY OF PUBLIC SPENDING: FINANCE MINISTRY
PM's pre-Budget consultation with economists today
AHEAD OF THE Budget for 2025-26, Prime Minister Narendra Modi will interact with a group of economists to seek their suggestions on maintaining economic growth momentum amid global uncertainties, a key focus area of the government.
Byju's: ICAI panel probing auditing lapses
CHARTERED ACCOUNTANTS' APEX body ICAI president Ranjeet Kumar Agarwal on Monday said its disciplinary committee is investigating alleged auditing lapses at edtech firm Byju's, reports PTI.
It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS