CATEGORIES

Sensex, Nifty Close Marginally Higher In Range-Bound Trade

Benchmark indices Sensex and Nifty ended two days of losses and settled with marginal gains in range-bound trade on Monday as IT, oil and gas and telecom shares advanced amid optimism in the global markets.

Trump And His Allies Escalate Attacks On Criminal Case

Donald Trump and his allies are escalating efforts to undermine the criminal case against him and drum up protests as the former president braces for a history-making federal court appearance this week on dozens of felony charges accusing him of illegally hoarding classified information.

As Nifty Eves New Highs, India's Valuations Become A Sore Point

Benchmark Nifty 50 index is slowly striving to reclaim its all-time closing high of 18,813 seen in December 2022. On Thursday, the index closed just a percent away from that level. But valuations are getting steeper.

Red alert over Gujarat coasts as Biparjoy heads for landfall

PM directs continued essential services as Saurashtra, Kutch brace for cyclone

Ukraine reports small gains in early stages of retaliation

Ukraine said on Monday it had recaptured a fourth village from Russian troops as part of a counteroffensive

Go Air lenders await DGCA's flight plan

Lenders to Go Airlines (India) Ltd will wait for the aviation regulator’s decision on the airline’s revival plan before committing to any interim loan, two people aware of the discussions said.

Setback for Delhi bike taxis as SC sets aside high court order

The Supreme Court on Monday set aside a Delhi High Court order that allowed bike taxis to operate in the national capital till a policy for aggregators was framed.

Vedanta plans TN unit upkeep

The Vedanta Group, led by billionaire Anil Agarwal, has invited expressions of interest from vendors to support plant restart activities ahead of a crucial Supreme Court decision on the future of its Thoothukudi Sterlite Copper Plant in August.

Toyota Kirloskar looks to ease wait for hybrid models

Toyota Kirloskar Motor (TKM), the Indian subsidiary of Japanese automaker Toyota Motor Corp., is addressing supply chain challenges to resume bookings for premium models of its hybrid multi-purpose vehicle Innova Hycross, amid exorbitant waiting periods of up to 18 months for the top two models introduced in December.

CBIC scheme drives hassle-free imports

Importers who are accredited to the Central Board of Indirect Taxes and Customs (CBIC) for following supply chain safety norms accounted for nearly a fourth of India's merchandise imports in FY23, highlighting the increased adoption of the scheme meant to ensure hassle-free movement of goods at ports, according to Vivek Johri, chairman of CBIC.

Hiring cools in small cities as talent swells in top metros

The worst decline has been in IT and outsourcing, manufacturing, and consumer sectors

RBI gives green light to banks for compromise settlements

In order to ensure maximum recovery from distressed assets, the Reserve Bank of India (RBI) has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.

UBS thumbs-up may not soothe IEX stock

Bears covered part of their short positions in IEX on a day brokerage UBS maintained its buy rating on the stock with a target price of ₹200 a share. However, the stock remains volatile with NSE not permitting any fresh derivatives positions on the counter.

Jitters behind glass & steel facades

The commercial real estate segment managed to sail through FY23 despite a lacklustre second half.

Modi for G20 action to attain sustainable development goals

Prime Minister Narendra Modi on Monday urged G20 development ministers, meeting in Varanasi, to evolve blueprints for sustainable development goals (SDGs) to be achieved by 2030 and for women-led development.

Pvt coal miners may get EPFO option

The Centre may bring in a new law to allow private coal mining companies to choose between Coal Mines Provident Fund Organisation (CMPFO) and the Employees Provident Fund Organization (EPFO) for their employees, said two people aware of the developments.

Tech-based small business may find home in new hubs

Govt may offer viability gap funding or fixed subsidy for setting up of tech industrial hubs

Centre slaps stock limits on wheat to check price surge

The Centre on Monday imposed stock-holding limits on wheat with immediate effect for the first time in 15 years in a bid to contain rising prices of the key cereal that have gone up 8% in the last month.

Ex-Samsung exec tries to build copycat chip plant

A former Samsung Electronics Co. executive allegedly stole blueprints and designs to try and replicate an entire semiconductor plant in China, Korean prosecutors said, outlining a stunningly ambitious attempt to set up world-class chipmaking capabilities in the world's No. 2 economy.

India looks to take UPI to Saudi, Bahrain, other Gulf countries

India is in talks with Gulf countries, including Bahrain and Saudi Arabia, to expand its Unified Payments Interface (UPI) service, people aware of the matter said. While the discussions are in the early stages, many countries have shown interest in advancing the talks, the people said.

Mauritius seeks angel tax clarity

The Mauritius government plans to take up the issue of angel tax exemption with Indian authorities, with the island nation's minister of financial services, Mahen Kumar Seeruttun, intending to seek clarifications on its exclusion from the list of countries where investors are not required to pay taxes on their investments in Indian startups.

Sebi bars Chandra, son Punit from holding key posts

The Securities and Exchange Board of India (Sebi) on Monday barred Zee Entertainment Enterprises Ltd promoters Subhash Chandra and son Punit Goenka from holding key roles, including board positions and top executive positions, in any publicly traded company. The directions come after the markets regulator found them prima facie guilty of siphoning funds from the listed entity for their personal benefit.

Govt probes CoWin data breach claims

Centre claims portal is safe, with enough data privacy protection

'Wagner won't sign any contract with Russian defence minister'

Russia's most powerful mercenary said on Sunday that his Wagner fighters would not sign any contract with defence minister Sergei Shoigu, publicly refusing an attempt by the defence ministry to bring his fighting force under its sway.

US confirms China has had a spy base in Cuba since 2019

China has been operating a spy base in Cuba since at least 2019, part of a global effort by Beijing to upgrade its intelligence-gathering capabilities, according to a Biden administration official.

Oil traders are daring to defy market kingpin Saudi Arabia

The immediate price gain from the latest curbs that Saudi Arabia announced on Sunday lasted only for one day

Jana SFB to file draft IPO papers soon

Bengaluru-based Jana Small Finance Bank will resubmit its draft prospectus later this month after an earlier attempt to launch an initial public offering (IPO) was stalled in the wake of the covid pandemic, said a person in the know.

Sumitomo, 2 others to invest $250 mn in Amp Energy India

Proceeds from the transaction will be used to finance the company's expansion plans

Hindi belt faces more cinema closures amid box office woes

Amid the ongoing box office failures, the Hindi-speaking heartland may see a new wave of temporary and permanent closures of single-screen cinemas.

Telcos push for secure smart meters with licensed spectrum

Telecom companies have asked the telecom and power ministries to only permit the use of licensed spectrum and smart meters that meet the government's trusted sources criteria for secure deployment in smart grids, warning that unlicensed spectrum and unregulated meters may pose security risks.