CATEGORIES

Health Inc seeks adult vax subsidy, more beds

Education sector experts ask Centre to help state and UTs understand NEP

Rules for Telecom Act likely in 6 months

The Telecommunications Act, 2013, rules will be in place in the next six months, senior sources at the Department of Telecommunications (DOT) have said.

Peptide diabetes drugs to be made in India under PLI: DOP

Popular peptide drugs for diabetes and obesity Glucagon-like peptide receptor agonist (GLP-IRA) will be manufactured in India under the production linked incentive (PLI) scheme from 2026 when the patents expire, a senior government official said on Thursday.

NFRA 2nd inspection of Big 5 shows signs of improvement

National Financial Reporting Authority's (NFRA's) second inspection of the audit arms of the Big-5 firms is expected to be completed by October-end and initial findings suggest that most have taken measures suggested especially related to separation of audit and non-audit services.

Red Sea crisis reaches Rlys' door

The ministry of railways is staring at a brief blip in its supply plans of forged wheels, which are used in high-speed trains and locomotives, as the Red Sea-induced container crisis has delayed the national transporter's inbound shipments till August.

Govt offers 50% refund in critical mineral push

In a bid to accelerate mineral exploration and alleviate the high associated costs, the Ministry of Mines has launched a scheme to offer partial reimbursement of exploration expenses to licence holders.

Action against RES up 10% since Dec '23

Enforcement action by the Reserve Bank of India (RBI) against regulated entities (RES) increased by 10 per cent in the first half of 2024, but the aggregate penalty imposed on the entities has declined by nearly 60 per cent.

Payout to top NBFC execs on RBI radar

Payouts to key management personnel in nonbanking financial companies (NBFCs) are under the banking regulator's scrutiny.

RBI flags delinquencies in NBFC consumer credit

Says need to monitor NBFCs growing at a fast clip with low capital buffers

Das warns oftech-led disruptions

RBI guv says matrix of financial stability at its best, but challenge is to improve it

Insurers to pay GST on sale of salvage after settling claims

The Goods and Services Tax (GST) Council has clarified on taxability of wreck and salvage values in motor insurance claims, saying that the general insurers have to pay GST liability in case of disposal or sale of the salvage after settling the claims.

Ambuja to merge AEL's cement assets with self

The Adani group on Thursday announced a merger and ownership restructuring of its cement assets housed under Ambuja Cements and Adani Enterprises.

UltraTech acquisition fuels market consolidation talks

Cement major's domestic market share will increase by 2.3% after takeover

Big mid-band buys to ring in Vi's 4G: Experts

Vodafone Idea's (Vi) surprising purchase of spectrum for the renewal and new 4G airwaves across the 1,800 MHz and 2,500 Mhz bands in the latest auctions is set to boost the telco's network experience across 9 circles, analysts said on Thursday.

JSW Infra buys 70% in Navkar

Sajjan Jindal-led JSW Infrastructure, the second largest private commercial port operator in India, has acquired a 70.37 per cent stake in BSE-listed Navkar Corporation, a logistics firm, for ₹1,012 crore.

Madras HC order a booster shot fore-pharma players

Industry executives say it will bring the required validation and certainty to the business model

Foreign cos get GST relief on loans to Indian arms

18% GST on additional fees, other considerations on providing loans

Sebi tweaks delisting, F&O criteria

Tightens rules for finfluencers and those offering stock tips with return promises

Sensex breaches 79K, Nifty tops 24,000

SUNDAR SETHURAMAN Mumbai, 27 June Indian equity benchmarks hit new highs on Thursday, driven by gains in Reliance Industries and strong foreign portfolio investor (FPI) buying.

Gross NPA of banks below 3% in a first since '12: RBI report

The asset quality of commercial banks continued to show a downward trend, with their gross non-performing asset (GNPA) ratio falling to a 12-year low of 2.8 per cent at the end of March 2024 from 3.2 per cent in September last year.

UltraTech picks up 23% in India Cements as sector battle hots up

Kumar Mangalam Birla-promoted UltraTech Cement on Thursday announced the acquisition of a 23 per cent stake in Chennai-based India Cements Ltd (ICL) for ₹1,889 crore amid an intensifying battle to dominate the sector.

Jio rings in up to 25% tariff hike; Airtel, Vodafone Idea may follow suit

After around 30 months, the telecom industry is witnessing a significant tariff increase.

Many historic steps in Budget: President

Murmu's joint Parliament address high on reforms

Ulips a good fit for investors who panic during mkt declines

The Insurance Regulatory and Development Authority of India (Irdai) has asked life insurance companies not to advertise Unit-Linked Insurance Plans (Ulips) as investment products.

Investors bank on ICICI after mcap tops $100 bn

Shares of ICICI Bank have risen 31.3 per cent in the last one year, only a little behind Axis Bank, whose stock up 34 per cent.

Bombay HC asks Chandra to respond to Sebi summons

The Bombay High Court on Wednesday directed Essel Group Chairman Subhash Chandra to furnish documents and information sought by the Securities and Exchange Board of India (Sebi) in its summons in an alleged fund diversion case involving Zee Entertainment Enterprises.

Loan growth may drive further gains for LIC Housing

LIC Housing Finance (LICHF) delivered a healthy FY24 with improvements in net interest margin (NIM) and credit costs and an improved return on assets of 1.7 per cent compared to an average of 1.3 per cent between FY14-FY23.

Promoter entity sells 2.6% in Vedanta to trim debt

Finsider International Company, a promoter group entity, sold its entire 2.63 per cent shareholding in the domestic miner Veda on Wednesday.

Sebieases 'trading plan' norms for insiders

In a breather to senior executives of listed companies, the Securities and Exchange Board of India (Sebi) has amended Prohibition of Insider Trading (PIT) regulations to provide flexibility in the \"trading plan\" that allows insiders to deal in their shares.

Quant MF CEO tells investors not to fall prey to narratives

Says net ₹1,398 crore withdrawn in last few days