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Financial Express Mumbai

India's income inequality at historic high: Report

INDIA'S TOP 1% held a share of 22.6% in the total income of the country, and a 40.1% share in the total wealth, in 2022-23.

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2 mins  |
March 21, 2024
PM hints at steps to boost startup funding
Financial Express Mumbai

PM hints at steps to boost startup funding

PRIME MINISTER NARENDRA MODI on Wednesday said more innovative ways to finance startups are being explored and hinted that the full Union Budget for 2024-25, to be presented after the Lok Sabha polls, could include proposals in this regard.

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2 mins  |
March 21, 2024
Financial Express Mumbai

JSW, MG Motor look to create a 'Maruti moment'

To roll out EVs and ICE vehicles; first car coming in Sept

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2 mins  |
March 21, 2024
Lean IPL Shouldn't Cost Kohli His T20 WC Spot
Financial Express Mumbai

Lean IPL Shouldn't Cost Kohli His T20 WC Spot

EVER SINCE VIRAT Kohli returned to India, even the minutest detail about the 35-year-old has found its way to social media.

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2 mins  |
March 20, 2024
Financial Express Mumbai

Agri exports rebound

Meat, dairy, fruits & vegetable shipments see sharp jump

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1 min  |
March 20, 2024
Delhi world's most polluted capital: AQI survey
Financial Express Mumbai

Delhi world's most polluted capital: AQI survey

Bihar’s Begusarai is the world’s most polluted city

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1 min  |
March 20, 2024
Financial Express Mumbai

SC summons Ramdev, Patanjali MD

ASKING WHY CONTEMPT proceedings should not be initiated for alleged violation of its earlier order which restrained Patanjali Ayurved from issuing \"misleading\" advertisements, the Supreme Court on Tuesday directed yoga guru Ramdev to appear before it at the next hearing on April 2.

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1 min  |
March 20, 2024
Financial Express Mumbai

Japan ends 'negative rates' era; makes first rate hike in 17 years

Yen fell below 150 per dollar after the decision, while shares rose

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2 mins  |
March 20, 2024
Adani firms say report on bribery probe by US false
Financial Express Mumbai

Adani firms say report on bribery probe by US false

ADANI GROUP COMPANIES haven't received any notice from the US Department of Justice regarding a probe into whether the Indian conglomerate may have engaged in bribery, according to exchange filings.

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1 min  |
March 20, 2024
Financial Express Mumbai

Credit growth in FY25 may decline by up to 100 bps

Banks turn cautious on retail loans after the RBI expresses discomfort

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2 mins  |
March 20, 2024
Financial Express Mumbai

Tata Steel to raise ₹2,700 cr via NCDs

TATA STEEL'S BOARD on Tuesday approved a fundraising of ₹2,700 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

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1 min  |
March 20, 2024
Amazon Prime Video lines up 70 shows, films over 2 years
Financial Express Mumbai

Amazon Prime Video lines up 70 shows, films over 2 years

AMAZON PRIME VIDEO will launch nearly 70 new series and films over the next two years in India, it said on Tuesday, as the streaming war intensifies in the domestic media and entertainment market.

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1 min  |
March 20, 2024
Investors earmark ₹25,000 cr for AI
Financial Express Mumbai

Investors earmark ₹25,000 cr for AI

VENTURE CAPITAL FIRMS such as Accel, Bessemer Venture Partners, BoldCap, IvyCap Ventures, and Indian Angel Network, are looking to double down on their investments in artificial intelligence (AI) startups, lining up an overall fund of nearly ₹25,000 crore over the next few years.

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2 mins  |
March 20, 2024
GDP may grow 8% in FY24: RBI bulletin
Financial Express Mumbai

GDP may grow 8% in FY24: RBI bulletin

THE COUNTRY'S GROSS domestic product (GDP) may grow at a rate closer to 8%, even higher than 7.6% seen by the National Statistical Office (NSO), according to a forecast model in the Reserve Bank of India's monthly bulletin for March.

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1 min  |
March 20, 2024
Direct tax collections rise 20%, close to RE
Financial Express Mumbai

Direct tax collections rise 20%, close to RE

THE CENTRE'S DIRECT tax collections, after refunds, stood at ₹18.9 trillion as of March 17 in the current financial year, a release by the finance ministry said on Tuesday.

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1 min  |
March 20, 2024
Financial Express Mumbai

More private money to flow into BOT highway projects

Investors can borrow from NBFCs under new contract terms

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2 mins  |
March 20, 2024
Financial Express Mumbai

ATC to convert Voda Idea's ₹1.4K-cr bonds into equity

AMERICAN TOWER COMPANY (ATC) has opted to convert ₹1,440 crore worth of debt bonds issued by Vodafone Idea into equity, a regulatory filing on Tuesday showed.

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1 min  |
March 20, 2024
SpiceJet's Ajay Singh ups bid for Go First
Financial Express Mumbai

SpiceJet's Ajay Singh ups bid for Go First

ONE OF THE two bidders for bankrupt airline Go First has raised its offer following a nudge from lenders, two banking sources and a person aware of the development said on Tuesday.

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1 min  |
March 20, 2024
Financial Express Mumbai

Indices slump as BOJ hikes rates

TCS biggest loser in Sensex pack, down 4%

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2 mins  |
March 20, 2024
Putin Warns West Of WW3 After Election Victory
Financial Express Mumbai

Putin Warns West Of WW3 After Election Victory

Russian President Vladimir Putin warned the West on Monday that a direct conflict between Russia and the US-led NATO military alliance would mean the planet was one step away from World War 3 but said hardly anyone wanted such a scenario.

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1 min  |
March 19, 2024
Nvidia Backs Data Centre Firm Yotta In India's Biggest AI Bet Yet
Financial Express Mumbai

Nvidia Backs Data Centre Firm Yotta In India's Biggest AI Bet Yet

It's a sultry March evening in the suburbs of Mumbai and a group of men hovers anxiously at the back gate of the startup Yotta Data Services.

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4 mins  |
March 19, 2024
Apple In Talks With Google To Use Gemini For iPhones
Financial Express Mumbai

Apple In Talks With Google To Use Gemini For iPhones

APPLE IS IN talks to build Google's Gemini artificial intelligence (AI) engine into the iPhone, according to people familiar with the situation, setting the stage for a blockbuster agreement that would shake up the AI industry.

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2 mins  |
March 19, 2024
Blinkit Will Be Bigger Than Zomato In A Year: Goyal
Financial Express Mumbai

Blinkit Will Be Bigger Than Zomato In A Year: Goyal

‘Being paranoid’ mantra to stay ahead, says CEO

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2 mins  |
March 19, 2024
Financial Express Mumbai

India can't top China's past 8-10% growth, says Morgan Stanley

INDIA IS UNLIKELY to achieve the 810% economic growth rates that China pulled off over the long term, Morgan Stanley's chief Asia economist said, even though the investment bank remains optimistic about New Delhi's prospects.

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1 min  |
March 19, 2024
As women turn power hitters, big question: Time for bigger fields?
Financial Express Mumbai

As women turn power hitters, big question: Time for bigger fields?

WHILE DELHI CAPITALS lost their second successive Women's Premier League (WPL) final, there was one undeniable bright spot.

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2 mins  |
March 19, 2024
Gadkari to give away Ramnath Goenka awards for journalism
Financial Express Mumbai

Gadkari to give away Ramnath Goenka awards for journalism

FROM A STORY on how unplanned development can potentially lead to ecological damage in the higher reaches of the Himalayas to the relationship that Bastar tribals have with the State, from exposing a recruitment scam to highlighting the hardships faced by healthcare workers during the Covid pandemic - each of the winners of the Ramnath Goenka Awards for Excellence in Journalism Awards exemplify a basic tenet of journalism: the need to tell a story that touches lives.

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2 mins  |
March 19, 2024
India Inc expresses concern on breach of confidentiality
Financial Express Mumbai

India Inc expresses concern on breach of confidentiality

INDUSTRY CHAMBERS OF commerce - CII, Ficci, and Assocham on Monday expressed their concern on the issue of disclosure of the alpha-numeric numbers of the electoral bonds.

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1 min  |
March 19, 2024
Financial Express Mumbai

As bonds chase power, unknown smaller parties rue empty coffers

In extreme cold, the 21 young men sleep on the floor on a chatai in a big hall with some blankets and quilts for cover

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2 mins  |
March 19, 2024
Trent: A Star beginning to brighten?
Financial Express Mumbai

Trent: A Star beginning to brighten?

Recent disclosures point to improving traction

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2 mins  |
March 19, 2024
Financial Express Mumbai

Credit on UPI stuck on fee structure, low adoption

A LACK OF clarity on the interchange fee structure and lower adoption among smaller merchants have weighed on the credit volume through the Unified Payments Interface (UPI), say experts.

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3 mins  |
March 19, 2024