CATEGORIES

Spectrum worth ₹96,318 cr to go under hammer

Analysts expect auctions to be a muted affair

Current account swung to surplus in Q4

Back in positive territory after 10 quarters due to surge in services exports; FY24 CAD narrowed to 0.7% of GDP

Operating efficiency of Chinese, Indian banks eroded in FY24

The operating efficiency of banks in India and Mainland China, measured by cost to income ratio, eroded in the year ended March 2024 due to rise in operating expenditure and pressure on margins, according to S&P Global Market Intelligence.

S&P retains India's FY25 GDP estimate on high interest rate

The S&P Global Ratings on Monday retained its growth forecast for India at 6.8 per cent for FY25, citing high interest rates and lower fiscal boost tempering demand in the non-agricultural sectors.

Manufactured goods India's strong suit in S Korea trade

India's exports of manufactured goods to South Korea have grown at a faster rate than imports from financial year 2010-11 (FY11) to FY24, since the two countries signed a trade agreement more than a decade ago.

'Challenge is maintaining good prices for farmers'

As the Narendra Modi government prepares to present its first Budget in its third term, all eyes are on the rural and agriculture sectors, which are understood to have been critical in reducing the number of seats for the Bharatiya Janata Party (BJP) in the Lok Sabha elections. Agricultural economist and Infosys Chair Professor for Agriculture at the Indian Council for Research on International Economic Relations (Icrier) ASHOK GULATI tells Sanjeeb Mukherjee that the Union Budget could have a distinct populist tinge in a telephonic interview. Edited excerpts:

Finance Commission to address issue of freebies: Panagariya

The 16th Finance Commission would address the issues pertaining to the distribution of freebies and compensation for providing green cover, Chairman Arvind Panagariya (pictured) said on Monday.

Mining majors skip auctions

The maiden, critical mineral auction in India has failed to enthuse the mining industry, with the first tranche achieving less than a 50 per cent success rate and the auction of several mines was cancelled owing to low response.

Centre imposes stock-holding limit on wheat to check hoarding, prices

The central government has again imposed the stock-holding limit on wheat with immediate effect to bring down prices and check hoarding.

Co-lending panel to submit report to FinMin in July

A committee on co-lending, led by a senior State Bank of India (SBI) official, will submit its recommendations to the finance ministry (FinMin) next month, according to a source familiar with the matter.

Oyo starts 1st luxury hotel in Dubai to boost portfolio

Travel tech platform Oyo on Monday announced the opening of its first luxury hotel in Dubai Palette Royal Reflections Hotel and Spa as the IPO-bound unicorn eyes strengthening its premium property portfolio globally.

Kotak Bank to add up to 200 branches in FY25

Kotak Mahindra Bank will increase its pace of opening new branches and add about 175 to 200 branches in the financial year 2024-25, a senior official at the bank said, months after the central bank barred the private lender from sourcing new customers digitally.

Adani, Hindalco show interest in developing Hind Copper mines

The country's state-owned Hindustan Copper plans to develop two of its copper mines for which Adani Enterprises and Hindalco Industries have shown preliminary interest, a source with direct knowledge of the matter said.

Noida airport to take off in Apr '25 as deadline pushed

Was expected to start commercial flight operations in December this year

Adani ready to cash in on infra sector

At Adani Enterprises annual general meeting (AGM), chairman Gautam Adani said the group is well positioned to gain from opportunities in India's infrastructure sector.

WeWork's India exit unlikely to hit co-working mkt

The exit of WeWork from its India unit is unlikely to have an impact on the country's co-working real estate market, according to industry executives.

From bricks to stocks: Family offices take big leap with new investments

Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, health care, and retail stocks.

'TaMo demerger to boost synergy across verticals'

Chandrasekaran says firm will adopt 'differentiated' strategies for growth

$493 mn loss: Prosus writes off entire Byju's investment

Investment firm Prosus has written off the value of its 9.6 per cent stake in edtech company Byju.

IPO tally sees best first half in 17 yrs

37 firms mop up ₹32K cr on mkt buoyancy, strong liquidity

ONDC likely to start levying user charges

The government-backed Open Network for Digital Commerce (ONDC) is likely to start levying user charges in the current financial year.

A Field Of Opportunity For Indian AI Firms

Being local is their advantage against global tech giants in the race to build large language models, reports Ashutosh Mishra

Startup Layoffs Down 62% In '24 So Far

A fter a string of layoffs, startups in India this year are expected to step up hiring by more than 10 per cent over last year, according to human resource platforms.

Netanyahu Sees End To Weapons Dispute As Gallant Heads To US

Israeli Prime Minister Benjamin Netanyahu repeated claims that the US has delayed arms shipments but said he hoped the issue will soon be resolved, as Defence Minister Yoav Gallant heads to Washington for high-level talks.

Many aspirants look to foreign shores

Postponement of NEET-PG puts spanner in the works of candidates planning to go for post-MBBS courses

Academics urge Centre to uphold exam integrity

As the row over irregularities in competitive exams continues to rage, several academicians on Sunday urged the Centre to preserve the integrity of exams and stressed that overnight solutions are not possible in such complex cases.

IT'S COMPLICATED

Having undergone 'separations', Andhra and Bihar want special status. Do they have a case for it?

Tweak draft project loan financing norms

Instead of a blanket 12-fold jump in the provision requirement, the RBI can ask lenders to create project finance reserves on their balance sheets

Meta Al is in India, will take on ChatGPT and Google Gemini

Tool launching today; it will be available on all social media platforms of the company to assist people in their daily lives

AI reckoning for world's ad industry at Cannes Lions

Walking along the Promenade de la Croisette during Cannes Lions 2024, one could be forgiven for thinking that a global technology conference was underway.