I denne utgaven

August 20, 2024

Draft personal data protection rules likely in a mth: Vaishnaw

Says planning fresh, broader approach towards broadcasting Bill

2 mins

Banks need to align credit, deposit growth: RBI report

Pressure on NIM cited, upside risk to headline inflation flagged

2 mins

Auto companies board the fully built bus boom

The demand for fully built buses from automotive original equipment manufacturers (OEMs) is rapidly wheeling in, driven by the revival of passenger mobility after Covid-19.

3 mins

Tepid top line starts to show on India Inc's profit growth

Earnings upgrade at risk without a revenue revival, say analysts

2 mins

WazirXblames wallet provider for crypto heist

But Liminal Custody stresses its systems weren't compromised

1 min

Anil Ambani's firm moves NCLT against IIHL using 'Reliance'

According to the family agreement, the brand is owned equally by brothers Mukesh and Anil

1 min

Enough cash to meet 30mths' debt payment: Adanigroup

Billionaire Gautam Adani's port-to-energy conglomerate on Monday said it has enough cash to cover more than 30 months of debt payments, and that its businesses are firing on all cylinders.

1 min

After KCM revival, Vedanta seeks greener pastures in India, abroad

UK-based Vedanta Resources is looking to start copper production at its Konkola copper mines (KCM) in Zambia and is eyeing to serve global and Indian markets, according to company executives.

2 mins

Kellanova acquisition may be a sweet truth for Mars in India

xperts say Mars stands to gain with Kellogg's rural reach and also have a larger portfolio to offer in modern trade, e-commerce

1 min

Unspent CSR funds hit five-year high in FY23

On average, each company spent only ₹11.29 crore

1 min

Lava dials up ambitions for smart wearables mkt

With the recent launch of smartwatches, home-grown smartphone maker Lava is looking to secure a strong foothold in the Indian wearables market.

2 mins

Pine Labs gets NCLT nod to merge domestic, S'pore units

Fintech major Pine Labs has received the nod from the National Company Law Tribunal (NCLT) to merge its entities in India and Singapore.

1 min

Marlabs expects to grow its data, AI biz by 50% in 2-3 yrs

With a major push from its India centres, US-based IT firm Marlabs is expecting to grow its data and artificial intelligence (AI) segment by 50 per cent in the next two to three years.

2 mins

Tech, startup groups push back against OTT licensing

Write to government ahead of public consultations later this week

1 min

Cautious policy needed if food inflation persists

Untenable to treat food price fluctuations 'transitory' in monetary policy settings: Report

1 min

Incremental deposit growth beats credit since FY22:SBI Research

'The myth of a flagging deposit growth appears statistical myth'

1 min

RBI deputy guv bats for need to periodically raise deposit insurance

A periodic upward revision in the uniform deposit insurance coverage of ₹5 lakh is necessary as India's growth and formalisation are likely to lead to a significant rise in primary and secondary deposits, which might create a gap between the ideal insurance reserve requirement and the available reserves, Deputy Governor, Reserve Bank of India, M Rajeshwar Rao said on Monday.

1 min

Pvt capex may rise to ₹2.45 trn in FY25

A study by the Reserve Bank of India (RBI) staff on Monday indicated that projected capital expenditure by private companies could rise significantly to ₹2.45 trillion in FY25, up from ₹1.59 trillion in FY24.

1 min

Outward remittances under LRS drop 24% to $6.9 bn in Q1

Outward remittances under the Reserve Bank of India's Liberalised Remittance Scheme (LRS) dropped 24.39 per cent year-on-year (Y-o-Y) to $6.9 billion in the June quarter of financial year 2024-25, from $9.1 billion in the year-ago period.

1 min

Focus on deposits, strengthen cybersecurity: FM to banks

The much-awaited meeting between Union Finance Minister Nirmala Sitharaman and heads of public sector banks (PSBs) on Monday revolved around mobilising deposits through \"special drives\" and stronger bonding with bank customers.

3 mins

'Avoid export of missile-related items to Russia'

Flags risk of suppliers facing Western sanctions

1 min

Govt makes offshore mineral rules stricter but eases awarding process

In a bid to harness its underwater resources, the government has introduced rules for auctioning offshore mineral assets, ensuring a transparent and competitive process.

1 min

Expecting NIMs to climb in a few quarters'

R SUBRAMANIAKUMAR, managing director and chief executive officer of RBL Bank, outlines the bank's approach to safeguarding its net interest margin (NIM), mobilising liabilities amid fierce competition for deposits, and reorganising its advances portfolio in an interaction with Subrata Panda in Mumbai. Edited excerpts:

2 mins

No duty relief for import of goods to help Wayanad landslide victims

We want to import prefabricated buildings and donate to the victims of the recent landslide in Wayanad, Kerala.

2 mins

Lateral entry UPA-era idea, opposing it hypocrisy: Govt

BJP ally Chirag slams plan; Cong accuses Centre of snatching reservations’

2 mins

No peace talks for now, but proposals on table: Russia

Russian presidential aide Yuri Ushakov said on Monday that Moscow was not ready to hold peace talks with Ukraine for now given Kyiv's attack on Russia's Kursk region, but that Russia was not withdrawing its earlier peace proposals.

1 min

House Republicans issue impeachment report on Joe Biden

US House Republicans have released their initial impeachment inquiry report into President Joe Biden, alleging an abuse of power and obstruction of justice in the financial dealings of his son Hunter Biden and family associates.

1 min

7-Eleven parent gets $31bn takeover offer

Seven & i mcap jumps 23% after proposal from Canada's Couche-Tard

1 min

Catastrophe bonds face scrutiny amid huge returns

A strategy that's delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers.

2 mins

Blinken warns of last chance to end Gaza war

US Secretary of State Antony Blinken warned on Monday that the latest push for a Gaza ceasefire and hostage release deal was probably the best and possibly last opportunity, urging Israel and Hamas towards an elusive agreement.

1 min

An open bureaucracy

Appointing specialists is a good idea

2 mins

Soft inflation is not transitory

India's consumer price index (CPI) inflation dropped to a 59-month low of 3.5 per cent yearon-year (y-o-y) in July.

4 mins

Revamping corporate governance

Government must be market-friendly, not business-friendly, and have a neutral relationship with all corporations

5 mins

Leveraging agri-tech

Technology will boost productivity

2 mins

Fighting brand crises: Lessons from the marketplace

Success has many fathers but failure is an orphan' is a quote attributed to many including President John F Kennedy.

3 mins

Piramal Enterprises increases 3% as promoter ups stake

The shares of non-banking financial company (NBFC) Piramal Enterprises rose by 3 per cent after the promoter group of the company increased its stake to 46.3 per cent from 46.03 per cent on August 16.

1 min

Sensex, Nifty end flat in lacklustre trade

Benchmark equity indices Sensex and Nifty ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers.

1 min

Falling demand reversing sizzling rally in auto shares

A sizzling rally in auto shares is reversing as a build up of unsold vehicles and growing discounts by carmakers pressure profit margins.

1 min

Lower growth, lack of valuation comfort to weigh on Astral

The stock of plastic pipes maker Astral slipped over 9 per cent since August 8 (results announced) to 1,888.60 on the BSE due to margin pressures in the June quarter (Q1FY25), growth concerns going ahead, and expensive valuations.

2 mins

Ola Electric zooms on liquidity, rising exposure to new stocks

Analysts believe any reversal in broad market trend may trigger a sharper selling in scrip

3 mins

ABB, Exide, Pidilite on 100-DMA razor's edge

Five Group-A stocks from BSE 100 and 200 indices testing support

2 mins

The untold story of bank deposits

Indian banks never had it so good.

4 mins

AIIMS Docs Offer OPD Services Outside Health Ministry

BJP calls West Bengal CM 'shameless' and demands her resignation

2 mins

Land scam row: HC relief for Siddaramaiah

The Karnataka High Court on Monday directed the special court for people's representatives, slated to hear complaints against Chief Minister Siddaramaiah (pictured) in the alleged Mysuru Urban Development Authority (MUDA) site allotment 'scam', to defer its proceedings till the next date of hearing on August 29.

1 min

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