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IMF warns of risks to Asia's economy
Risks to Asia's economy have increased with escalating trade tensions, China's property sector woes and the potential for further market turbulence clouding the outlook, the IMF said on Friday.
Fresh loans from private banks turn costly in Sep
Up 14 bps over August
Canara Bank-led group seeks bids for MMOPL NPAS
A consortium of lenders led by the state-owned Canara Bank is seeking binding bids to sell ₹1,226.13 crore of non-performing loans in Mumbai Metro One Private Limited (MMOPL) through a Swiss challenge auction on November 28.
BCFI begins process to seek SRO status
The Business Correspondent Federation of India (BCFI) is about to apply for self-regulatory organisation (SRO) status.
IMF: Investment, pvt consumption helping India grow
India remains the world's fastest-growing economy, with investment and private consumption driving its growth, the International Monetary Fund (IMF) said on Friday in its Regional Economic Outlook for Asia-Pacific.
Govt may tweak bauxite pricing mechanism
Revised conversion factor would apply to new mining leases granted following the notification
6 industries contribute 53% to formal mfg GVA
Metals and chemicals make up 22% of GVA, shows ASI data
Coal production rises 7.4% in Oct; dispatches at 82.89 mt
Coal production rose by 7.4 percent to 84.45 million tonnes (mt) in October compared to 78.57 mt in the corresponding month of the previous fiscal, the Coal Ministry said in a release.
Power consumption up at 140.4 bn units in Oct
India's power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect.
UPI scales fresh peaks on festival season push
PAYMENT TRENDS
GST mop-up in Oct up 9% at ₹1.87 tn, second-best ever
Numbers aided by pickup in sales, improved compliance
Liabilities galore, task cut out for WazirX in quest for white knight
Sourcing white knights, or those entities who may prevent a hostile takeover, may turn out to be an uphill task for the embattled crypto exchange WazirX.
Fashion designer Rohit Bal passes away
Fashion designer Rohit Bal (pictured) passed away on Friday after a prolonged illness.
A-I to deploy A350 services on ultra-long-haul routes
Private carrier Air India (A-I) on Friday commenced Airbus A350 services on ultra-long-haul routes with the deployment of the aircraft on the Delhi-New York route.
EKA Mobility lands ₹3K cr electric bus deal
EKA Mobility, a Pune-based electric vehicle manufacturer which started commercial production just a quarter ago, has said it has an order book of 1,500 electric buses worth about ₹3,000 crore.
Strong fundamentals rekindling investor confidence in edtechs
The Indian edtech sector has been slower than others to recover from the funding winter, yet companies with strong business fundamentals and stable management teams are reigniting investor confidence in the space, according to Ashwin Damera, co-founder and CEO of executive education firm Eruditus.
Firms may need fresh licence to provide satcom services
Existing licence-holding satcom players unsure whether new authorisation would be automatic
Air cargo seeing phenomenal growth amid Red Sea crisis
Bangalore International Airport Ltd (BIAL), which operates Bengaluru airport, expects 13-15 per cent growth in passenger footfall in 2024-25, its Chief Operating Officer (COO) SATYAKI RAGHUNATH tells Deepak Patel in an interview in New Delhi. Besides strong cargo performance, he speaks about the rising adoption of Digi Yatra by domestic travellers and the airport awaiting regulatory guidance to deploy full-body scanners. Edited excerpts:
JSW Steel, Posco in 50:50 JV for steel plant
JSW Steel, the flagship company of the Sajjan Jindal Group, and South Korea's Posco will have an equal share in the proposed steel venture in India with an initial capacity of 5 million tonnes per annum (mtpa).
Ola Electric sells over 50K units in Oct
Sees Y-o-Y growth of 74% in registrations
Top cement firms gain in sales volume in Q2
Smaller companies, beyond the top four, report negative growth
Google India PAT rises 6% to ₹1,425 cr in FY24
Google India has posted a profit after tax (PAT) of ₹1,424.9 crore in the financial year 2023-24 (FY24), according to documents shared by Tofler on Friday.
Cities choke post-Diwali, but not that 'severely'
LESS TOXIC AIR
Apple achieves record revenue in India: CEO
Apple has achieved record revenue in India for the September quarter, driven by high demand for its latest iPhone models and strong iPad sales, Chief Executive Officer (CEO) Tim Cook announced during the company's Q4 earnings call on Friday.
Online delivery of goodies lights up Diwali
DELIVERY ON DEMAND
Samvat 2081 kicks off on positive note
7th consecutive year of gains in Muhurattrading
Car sales shift up gear on festival demand
Maruti logs record retail sales in Oct, says industry may see 20% uptick
Climate May Keep Changing Long After Humanity Hits Net-Zero Emissions
The world is striving to reach net-zero emissions as we try to ward off dangerous global warming. But will getting to net-zero actually avert climate instability, as many assume?
Jeff Bezos, Elon Musk And The Billions Of Ways To Influence An Election
Entrepreneurs become legends when they make big bets on technology that pay off in a huge and dramatic way. Elon Musk is now applying that all-or-nothing philosophy to a presidential election, tying his reputation and perhaps his future to a win by Donald J. Trump.
US Economy In A Sweet Spot. Why Risk It?
The US just got another stellar update on the state of the economy. Real gross domestic product expanded at a 2.8 per cent annualised pace in the third quarter, and a key measure of inflation fell to within a whisker of the Federal Reserve's target.