CATEGORIES

Banks push for new rate benchmark

A group of Indian lenders has asked the central bank to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

In rare crackdown, Sebi halts trading in Bharat Global

BGDL's share price surged 105x over the past year, rising from ₹16.14 in Nov 2023 to ₹1,702.95 in Nov 2024

Siemens stares at bumpy FY25

Siemens Ltd's shares have plummeted about 12% in the past two trading sessions.

In emerging markets, 'better luck next year' is a hard sell

Emerging markets-focused investors have had little to celebrate over the past year.

Sensex, Nifty up after 5-day loss

The Nifty and Sensex dropped about 5% last week, the worst since June 2022

Rupee slips to all-time low pressured by weak yuan

The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline.

Aakash's ex-CEO launches new edtech startup

Sparkl is an AI-powered online one-on-one tutoring platform focusing on 6-12 grades for IGCSE and IB curricula

Weather woes could crush sugar production hopes

Sugarcane yields in India are declining due to last year's drought and this year's excessive rains, which could reduce the country's sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.

GST on corporate sponsorships eased

Shifting the onus of remitting tax on sponsorship deals from the donor is set to enable the donor to lower its overall tax liability

Regulators must coordinate to protect consumer rights

We are focusing on digital landscape, addressing emerging issues like data privacy, online advertising Pralhad Joshi Union minister of food and consumer affairs

PNGRB to expand LPG pipeline for safer transport, cost cutting

The Petroleum and Natural Gas Regulatory Board (PNGRB) is planning to expand India's pipeline network for safer and eco-friendly transportation of liquified petroleum gas (LPG), said Anil Kumar Jain, the chairperson of PNGRB.

Fuel efficiency norms could accelerate clean mobility

Tighter carbon emission standards should push automakers to sell greener vehicles overall

At long last, the UK is shooting for the moon on clean energy

An ambitious plan revives hope but it will be a race against time

Rupee's managed float: Should RBI shift gear?

To Mint Street's credit, India resolved a macro trilemma in its own special way. Recalibrate it for a more market-priced rupee if the expected trade gains outweigh price-stability risks

Can we use today's geopolitical chaos to uplift India's economy?

Successful economies have geopolitics to thank, but India may be letting its opportunity slip away

FREELANCERS CAN AVOID HIDDEN FEES, MAXIMIZE EARNING

Being aware of payout options and financial solutions helps freelancers with smarter choices

What you must know about rental agreements, registration process

According to the Registration Act, 1908, a rental agreement for less than 12 months need not be registered

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India, Sweden to work on green tech

India and Sweden can deepen their collaboration in innovation and green technology with a focus on addressing global climate challenges through sustainable industrial practices and renewable energy solutions, Swedish officials said.

China says US is 'playing with fire' after latest aid for Taiwan

The Chinese government protested on Sunday the latest American announcements of military sales and assistance to Taiwan, warning the United States that it is \"playing with fire\".

IOC probes bribery allegation of US cos

State-owned Indian Oil Corporation (IOC) has begun a probe into allegations of a US speciality chemicals firm bribing its officials 15 years ago to obtain contracts to supply catalysts, according to a company's regulatory filing.

ISRO to study crop growth in space

Demonstration of seed germination in outer space, a robotic arm to catch tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4—the fourth stage of Indian Space Research Organisation's (ISRO) PSLV rocket that remains in orbit after launching a satellite.

Front-running case: Sebi bans 9 entities

Markets regulator Sebi (Securities and Exchange Board of India) has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of ₹21.16 crore. The front-running by these entities continued for more than three years.

FPIs turn net sellers amid rising dollar

After two weeks of buying, foreign portfolio investors (FPIs) turned net sellers in Indian equities last week, with a net withdrawal of ₹976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.

CII seeks reforms in priority lending

Industry body CII (Confederation of Indian Industry) has proposed reforms in India's priority sector lending (PSL) framework, suggesting inclusion of emerging sectors and high-impact industries such as digital infrastructure, green initiatives, healthcare, and innovative manufacturing.

NTT DATA to boost presence in India

Japanese technology firm NTT DATA aims to strengthen its presence in India, double its growth rate, and leverage the country's role as a global delivery hub to capitalise on its economic growth phase, a company executive has said.

Akasa to add more planes this fiscal

Akasa Air is in continuous discussions with Boeing on aircraft deliveries and expects to add a few more planes to its fleet in the current fiscal ending March 2025, the airline's chief Vinay Dube has said.

Direct Centre to legally back MSP: Farmer unions urge SC

A parliamentary standing committee has called legal backing for MSP \"essential\"

India could be key SAF producer: lata

India has the potential to be a key producer of sustainable aviation fuel by utilizing its ethanol supplies and availability of lipid feedstocks like non-edible industrial oils, according to a senior official at the global airlines' grouping IATA (International Air Transport Association).

Boeing wins $36 billion deal from Turkey

Boeing Co. won an order valued at $36 billion from Pegasus Hava Tasimaciligi AS, in its biggest commitment so far this year that deals a blow to rival Airbus SE, previously the preferred choice for the Turkish low-cost airline.