CATEGORIES

Europe to set first major rules for private credit funds

Private credit funds for professional investors are stricter rules under a European Union (EU) proposal slated for approval this week, as their growth has fuelled questions about potential risks.

Does LRS limit apply to NRO account?

I am a businessman and run a clothing company in India. My daughter has gone to the US for her undergraduate studies.

Is PPFAS MF's tax efficient 'debt' fund worth a look?

The fund will use a tax-efficient structure that will see LTCG taxed at 20% with indexation

FARMERS' BATTLE FOR MSP LAW. IS IT A FAIR ASK?

Farmers are back on the streets. Their demand has sharply divided both public and expert opinion

Kochhars' CBI arrest amounted to abuse of power: Bombay HC

Chanda Kochhar and her husband got interim bail in January last year

Israel sees 20% decline in GDP as war bites

Israel's economy suffered one of its worst-ever slumps, after the Hamas war paralysed businesses, forced people to flee their homes, and caused the military to call up hundreds of thousands of reservists.

Aramco likely to sell debt this year with longer-dated focus

Saudi Aramco may sell bonds this year as financial markets have improved and the company looks to offer longer-dated debt, according to the state oil producer's finance chief.

Spending spree, hefty debts. And world's mining cos are now stingy

Mining companies have spent much of the past decade in investors' bad books. Throughout the 2000s and early 2010s the industry, betting that the surge in commodity prices brought on by China's economic rise would persist, splurged on investments and racked up hefty debts in the process.

Tech revival in San Francisco as leaders return after Covid

Many decamped to sunnier cities during pandemic, criticized San Francisco’s governance and high cost of living

CBDT drops small tax demands but not TCS, TDS claims

Central Board of Direct Taxes (CBDT) on Monday ordered withdrawal of small tax demands that finance minister Nirmala Sitharaman had announced in her FY25 budget speech to improve ease of living.

HC restrains sale of GEAR trust's assets after loan default

The Bombay High Court has restrained Gifted Foundation (GEAR) from disposing of its assets after the education trust defaulted on a ₹35-crore loan from Axis Finance, a non-banking subsidiary of private lender Axis Bank.

Modern trade stores pop up across India

These independent stores offer more options for buying household items

Deepak Fertilisers, Equinor ink pact

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Monday said it has entered into a long-term agreement with Norway's Equinor for supply of Liquefied Natural Gas (LNG).

ED has not found forex breaches at Paytm bank unit

An investigation into possible foreign exchange bank by the Enforcement Directorate (ED) has not yet found any breaches, a government official directly aware of the matter said on Monday.

Whirlpool promoter to sell 24%

Whirlpool of India Ltd's promoter, Whirlpool Mauritius Ltd, will sell 24% stake worth $451 million (₹3,745 crore) in the Indian appliance maker through a block deal on Tuesday, as per a term sheet reviewed by Mint.

NCLT orders liquidation of Gitanjali Gems

The National Company Law Tribunal (NCLT) has ordered liquidation of jewellery retailer Gitanjali Gems, promoted by absconding diamantaire Mehul Choksi, under Section 33 of the Insolvency and Bankruptcy Code, 2016.

'GDP growth no longer a benchmark for firms'

McKinsey said top 20% listed firms outpaced GDP growth during 2012-22

Mitsubishi, TVS unit form India mobility JV

TVS Mobility Pvt Ltd on Monday said it has formed  a joint venture (JV) with the Japanese conglomerate Mitsubishi Corporation (MC) to establish a comprehensive vehicle mobility ecosystem in India.

Bosch to boost R&D, local e2w components

The firm sees significant electrification growth in the 2-wheeler segment

Hindalco's goal to use 30% clean power may be met early

Hindalco Industries is likely to reach its target renewable power in its overall energy mix a few years ahead of its original schedule of 2030, as the Aluminium producer presses ahead with its commitment to reduce greenhouse gas emissions.

KVS Manian is new joint MD in Kotak Bank reshuffle

Private sector lender Kotak Mahindra Bank announced significant leadership changes on Monday, including re-designating whole-time director KVS Manian as the joint managing director from 1 March.

Crompton Greaves in pain as Butterfly still to spread its wings

Crompton Greaves Consumer Electricals Ltd is facing challenges with the acquired portfolio, Butterfly Gandhimathi Appliances Ltd.

Cement: After dull Q3, dreary outlook looms

For cement companies, the December quarter (Q3FY24) was a mixed bag. Price increases had to be partially rolled back on weaker absorption during the latter part of the quarter.

NIIF invests $25 mn in Amicus Capital

India's quasi-sovereign fund, the National Investment and Infrastructure Fund Ltd (NIIF), has pledged ₹207 crores (around $25 million) to Amicus Capital Partners' second vehicle, an India-focused growth capital fund.

Nvidia's staying power is the $2 tn question

It surpassed market values of both Amazon.com and Alphabet last week

Apex court reluctant to interfere in Kerala

The Supreme Court on Monday expressed its reluctance to interfere in a suit filed by the Kerala government against the limits imposed by the Centre on its borrowing powers.

India eyes Brazilian urad, tur supplies

India and Brazil are working on a plan to increase supplies of Brazilian black matpe (urad) and pigeon peas (tur), a diplomat from the South American nation said, amid falling domestic production and a growing appetite by vegetarians looking for protein-rich food.

Petroleum exports drop sharply as West tightens squeeze on Russia

Earnings from petroleum shipments fell steeply in April-January FY24 due to the global economic slowdown, a rise in domestic consumption, and shrinking discounts on Russian oil.

Roadwork speeds up but will miss target

Road construction has once again picked up, with 1,442 km of highways readied in January -40% more than the 1,029 km laid in the same month last year when it was still struggling to recover from the pandemic.

Tested organic food coming on your plate, courtesy govt

Unhappy with private labs, the Centre plans to upgrade 90 state labs for organic food testing