CATEGORIES

10th round of OALP bidding for oil & gas assets likely in Aug

The 10th round of bidding for oil and gas assets under the Centre's Open Acreage Licensing Policy (OALP) is expected to commence next month, petroleum and natural gas ministry officials said.

Stronger ties will greatly benefit us: PM in Russia

Kremlin says Modi, Putin will hold both private, extended talks today

Rural banks shift focus to product diversification

After consolidating capital adequacy, improving profitability and asset quality, regional rural banks (RRBs) will now focus on diversification of lending products to small and medium enterprises (SMEs) for value addition in agriculture chain and allied sectors.

Final call soon for states, UTs to avail of MSME scheme benefits

The government is planning to issue a final call to four states and seven Union Territories (UTS) that are yet to submit their strategic investment plan (SIP) required to avail of funds to revitalise the micro, small, and medium enterprises (MSMEs), a senior government official said.

NBFCs seek revisit of membership guidelines for SROS

The Finance Industry Development Council (FIDC) has requested the central bank to reconsider the membership guidelines for self-regulatory organisations (SROs) for nonbanking financial companies (NBFCs).

Higher share of Ulips likely to weigh on life insurers' profit margin

Increased sale of Unit-Linked Insurance Plans (Ulips) is set to weigh on the margins of listed life insurance companies in June quarter of FY25 (Q1FY25) despite higher premium accumulation on a favourable base.

Deposits grew slower than loans

Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25).

Application window to be open for 3rd time

The government will reopen the application window for the production-linked incentive (PLI) scheme for white goods (ACs and LED lights) for 90 days starting July 15, the Department for Promotion of Industry and Internal Trade (DPIIT) said on Monday.

Economic vision, not stimulus, in Modi 3.0 Budget: Goldman Sachs

The upcoming Union Budget is likely to stick to the path of fiscal consolidation, said analysts at Goldman Sachs in a recent note, who expect Finance Minister Nirmala Sitharaman to focus on the broad economic agenda rather than doling out minor stimulus measures.

168 mn workforce added since FY18, 46.6mn in FY24

RBI data shows services sector absorbing those moving out of agriculture

Four soldiers killed in J&K terrorist ambush

Four army persons were killed and six others injured on Monday when terrorists ambushed their vehicle in the remote Machedi area of Jammu and Kashmir's Kathua district, officials said.

Govt to push for more RE connectivity at state level

The power ministry is planning to push states to connect the upcoming renewable energy (RE) projects to the state's grid and not with the national grid, a move aimed to improve state-level power transmission infrastructure and facilitate the integration of RE capacities across all the regions.

Agri input firms see demand surge as sowing gathers pace

Kharif plantation till July 5 over 14% higher than area covered during the same period last year

Tata airlines complete harmonising operating process ahead of merger

Air India (A-I) on Monday announced completion of harmonising operating procedures across key functions, including alignment of supporting manuals, at the four Tata group airlines.

Merc looks to charge up India play

Posts 60% rise in battery EV sales

Centre likely to roll out EV policy guidelines by September-end

Plan includes provisions for reduced duties on imported cars contingent on committed funding

MobiKwik sees uptick in May wallet numbers

Fintech major MobiKwik's PPI (prepaid payment instrument) wallets have seen their market share expand to about 12.11 per cent in May, up from 9.3 per cent in January, in terms of total number wallets.

Nestlé India continues to face food inflation bogey

Food inflation, coupled with volatile commodity prices, remains a major challenge facing Nestlé India, the packaged food major said during its 65th annual general meeting held on Monday.

Sun Pharma open to acquisition in specialty drugs

Sun Pharmaceutical Industries, country's largest drugmaker by market share, said it is open to exploring acquisitions in the global specialty portfolio as it closed financial year 2023-24 (FY24) with a strong net cash position of $2.4 billion.

FMCG firms likely to hitch a ride on rural uptick in 01

Volume growth expected to witness a sequential recovery

Ola Maps navigating beyond 'western apps'

Bhavish Aggarwal urges developers to shift from Google Maps, offers ₹100 crore in credits

Zero registration fee for hybrid cars in UP raises the bar in NCR

The on-road prices of strong hybrid cars have decreased by up to ₹4 lakh in Uttar Pradesh after the state government decided to waive registration fee on them in a bid to promote green technology, according to automobile industry sources.

Draft tax law likely in Budget for minimum levy on MNES

India is preparing a draft legislation on the global minimum tax for multinational enterprises (MNEs) which could be proposed in the Union Budget, to be presented on July 23, and pave the way for changes to the country's tax laws, said two people with direct knowledge of the matter.

India Inc's Q1 show may remain muted

Top line, bottom line growth may be at multi-quarter low

Biden On Shaky Ground, Democrats Start To Rally Behind Kamala Harris

Democratic Party heavyweights are beginning to line up behind Kamala Harris.

As EV Revolution Slows, Ferrari Enters The Race

Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy.

Jobs Priority In Talks With Tata Steel: UK Minister

Britain's new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday.

EMPS 2024: Only 3.6% vehicle sales target met

The ₹500-crore Electric Mobility Promotion Scheme (EMPS) 2024, introduced by the Centre to provide incentives to the electric mobility industry, will conclude on July 31 with barely 3.6 per cent of the targeted vehicle sales achieved so far.

Bigger, bolder labels: Companies look to put it back on FSSAI table

Industry executives say the transition to new nutritional labelling may have cost implications for companies as they usually have packaging stock for the next few months

Changing dynamics of Indian banking

One constant feature of banks' balance sheets over the years - in good times and bad - is the high level of bad loans in the agriculture sector. Can anything be done about it?