I denne utgaven

August 06, 2024

Sheikh Hasina quits as B'desh PM, flees, lands in India on way to UK

Modi chairs CCS meeting; Indian businesses in Bangladesh on alert Baa

4 mins

Fear-gripped equity investors lose ₹15 trn

SENSEX, NIFTY FALL 2.7% AMID CONCERNS ABOUT US RECESSION, YEN CARRY TRADE UNWINDING INDIA VIX SURGES 42%, MOST IN 9 YEARS; FPIS OFFLOAD SHARES WORTH ₹10,073 CRORE

2 mins

India Incgives weakest performance on profit front in seven quarters

Sales growth, too, remains modest amid demand challenges

2 mins

Britannia gears up for regional challenge

Britannia Industries has adopted a strategy to take on regional players.

1 min

'Committed to making India regional MRO hub'

Global aviation and defence major Boeing has had an engineering presence in India since 2009. In the past 15 years, it has secured orders for major military platforms and aligned itself with the \"Make in India\" initiative. Against this backdrop, Boeing Defence India Managing Director NIKHIL JOSHI, in an email interview with Bhaswar Kumar, speaks of the growth witnessed by the sourcing ecosystem in India and local research and development (R&D) goals.

3 mins

Airtel profit rises 158% on new 4G, 5G users

Continued growth in WiFi category helped Q1 gains; Arpu rises to ₹211

2 mins

Blackstone may own majority in Aster-Care merged entity

Another big-ticket transaction is brewing in the healthcare sector, with US-based private equity (PE) firm Blackstone in talks with the Moopen family, the promoters of BSE-listed Aster DM Healthcare, to merge its 5,000bed unlisted hospital chain, Quality Care India, with Aster, according to a source familiar with the discussions.

1 min

Adani charts out succession plan for $213 bn empire

Adani Group Chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday.

1 min

Raveendran files caveat in SC against US lenders

A day after the National Company Law Appellate Tribunal (NCLAT) gave Byju Raveendran control of his company Byju's, he filed a caveat on Saturday in the Supreme Court to be informed if the US lenders decide to appeal against the order.

1 min

Recession fears add to IT sector concerns

Fear of a recession in the US due to rising unemployment has added to the concerns of India's IT services sector, which was seeing some growth returning after Q1FY25 results.

1 min

PV inventory surges even as auto retail sales rise

Pileup shoots to historic high, equating to ₹73,000 cr worth of stock

2 mins

Hasina's fall from grace in nation her father founded

Sheikh Hasina has been one of the dominant figures in Bangladesh's politics since the assassination of her father, independence leader Sheikh Mujibur Rahman, nearly a half-century ago.

1 min

Uncertainty engulfs trade worth billions

Investors grapple with risk regarding existing projects; Bangladesh key destination for auto, agri items' exports

2 mins

B'desh textile biz may move to hubs like Tiruppur

India likely to see volume of such exports inflate by $400 mn per month

1 min

RBI moots regulations for credit risk models

The Reserve Bank of India (RBI) has proposed to lay down certain regulatory principles for managing risks emerging from use of models in credit decisions, including appraisal, borrower scoring and pricing.

1 min

ONGC profit drops 32%, expenses swell

State-run Oil and Natural Gas Corporation (ONGC) on Monday posted a 32.1 percent fall in its consolidated net profit (attributable to owners) to ₹9,936.4 crore in the first quarter (April-June) of the current financial year (FY25).

1 min

The tide is turning

Six important developments have occurred since the Reserve Bank of India (RBI's) June Monetary Policy Committee (MPC) meeting.

2 mins

PSBs' net profit grows 16% in Q1

NII under pressure; asset quality continues to improve

2 mins

Services PMI growth slows, yet remains solid in July

Growth in India's services sector slowed down a bit in June but remained upbeat, amid new business gains, online offerings and investment in technology, a private business survey revealed.

1 min

NPAs of PSBs on Mudra loans declined to 3.4% in FY24: FM

Oppn slams govt over 18% GST on life, health insurance; to protest today

1 min

Wayanad landslides: Minister says Kerala allowed illegal mining

Union Minister for Environment, Forest and Climate Change Bhupender Yadav on Monday blamed the Kerala government for the devastating landslides in Wayanad that claimed over 200 lives, accusing it of \"allowing\" illegal habitation and mining in the highly-sensitive area.

1 min

Continuous demands from poor Muslims to regulate waqf properties, says Rijiju

With the government likely to table a Bill to amend the Waqf Act, 1995, Union Minority Affairs Minister Kiren Rijiju on Monday said continuous demands and representations were made by common Muslims to make regulation of waqf properties more transparent and efficient.

1 min

Govt tables Bill to delink petro ops from mining

Proposes to promote ease of doing business in exploration space

2 mins

Violent protesters will 'face full force of the law': UKPM

British Prime Minister Keir Starmer on Monday said violent protesters who had targeted Muslim communities would swiftly face the \"full force of the law\" as he sought to quell days of anti-immigration rioting.

1 min

Goolsbee cautions on Fed being restrictive

The US economy does not look like it is in recession despite weaker-than-expected jobs data, but Federal Reserve policymakers need to carefully monitor changes in the environment to avoid being too restrictive with interest rates, Chicago Fed Bank President Austan Goolsbee said on Monday.

1 min

Iran pledges to 'punish' Israel, but softens tone

Israel says ready for any scenario, both offensively and defensively

1 min

EU closes TikTok case after it withdraws 'addictive' feature

The European Union closed a case against ByteDance's TikTok after the Chinese social media giant pulled a controversial feature that regulators warned could be addictive for children.

1 min

SoftBankshares plunge 19%, biggest drop since 1998 IPO

A stock rout in Japan wiped out $15 billion of SoftBank Group's value on Monday, after the company's biggest single-day fall since founder Masayoshi Son took the company public in 1998.

1 min

With smugglers and front companies, China is skirting US AI bans

In the southern Chinese city of Shenzhen, a mazelike market stretches for a half-mile, packed with stalls selling every type of electronic imaginable.

2 mins

Reasoning for status quo

MPC cannot ignore food inflation

2 mins

No quick fixes for India's jobs crisis

After dismissing all adverse reports on employment for a long time, the government finally acknowledged, in Finance Minister Nirmala Sitharaman's Union Budget speech, that it has an unemployment problem.

3 mins

Hasina's hubris

South Asia's miracle economy rested on fragile foundations

2 mins

Judicial delays: An economic burden

Inefficiencies in the judicial process are stifling growth and investment in India

4 mins

₹ at new low, bonds gain on global cues

Rupee closed at a new low of 83.85 against the US dollar on Monday, weakening 0.11 per cent following a significant outflow due to sharp fall in domestic equities and growing concerns about a potential recession in the US.

1 min

EGM proof required under IGST Rate Notification 41/2017

We had imported certain goods and cleared them from the Customs after payment of duty.

2 mins

Canara Bank takes Swiss auction route

Invites counter-bids to recover dues

2 mins

TURN OF THE INTERN

Can India Inc absorb 10 million interns over 5 years?

3 mins

Recreating magic of single-screen in UP

After handing over the proposed 1,000 acre Noida Film City project earlier this year to a consortium that includes Hindi film producer Boney Kapoor, Uttar Pradesh is now looking to revive closed cinema halls in the state.

2 mins

India needs more than 2 major airlines: IndiGo's Bhatia

Airline's promoter & MD says it won't be found guilty of 'gouging' its customers

3 mins

MF, retail ownership in listed firms at new high

Mutual fund (MF) and retail shareholding in NSE-listed companies hit fresh record highs during the quarter ended June 2024, while that of foreign portfolio investors (FPIs) declined to its lowest level in 12 years.

1 min

Sebi notifies MF norms to prevent market abuse

The Securities and Exchange Board of India (Sebi) has notified the much-awaited norms for mutual funds that require asset management companies (AMCs) to put in place an institutional mechanism to prevent violations such as fraudulent transactions and front-running.

1 min

India earnings yields now higher than US bonds

Following the recent correction, the Indian equity market is now trading at a discount compared to the yield on the benchmark US 10-year government bond.

2 mins

US sneezes, global markets catch a cold

Wall Street indices fall up to 2.6% in early trade; Nikkei slumps over 12%

1 min

Street positive on Thermax despite Q1 miss

Thermax reported 13 per cent Y-o-Y revenue growth with operating profit margin decline in Q1FY25.

2 mins

Vix up 42%, signals more turmoil

Experts say volatility may continue in near term amid global headwinds

2 mins

Divi's growth dosage: Niche biz expansion

Analysts say pharmaceutical company's stock fully priced in

3 mins

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