CATEGORIES

MF funding to NBFCs grew 30% in April

The money raised by nonbanking financial companies (NBFCs) from mutual funds (MFS) rose almost 30 per cent year-on-year (Y-o-Y) to 2.08 trillion in April 2024, shows data from rating agency CareEdge.

Irdai to meet insurers today on Bima Sugam, 'Cashless Everywhere'

The Insurance Regulatory and Development Authority of India (Irdai) Chairman Debasish Panda will meet chief executive officers (CEOs) of the Indian insurance industry in Mumbai on Thursday to review implementation of two ambitious projects, Bima Sugam and 'Cashless Everywhere'.

No exemption for SEZ units in draft Central Excise Bill

Officials may be allowed to audit businesses

Govt moots new shipping firm to expand fleet

The government plans to set up a new shipping company to expand its fleet by at least 1,000 ships in the next decade, as Asia's third-largest economy seeks a bigger chunk of revenue from surging trade, two government officials said.

The X factors in Mamata's Bengal march

It was just before the fourth phase of the general election in West Bengal.

Expectations of borrowing cut fade after verdict

Compulsions of running a coalition may put pressure on the exchequer, say bond dealers

Streets to social media: Transformed Rahul behind Cong show

In mid-January, Congress leader Rahul Gandhi began his Bharat Jodo Nyay Yatra from violence-hit Manipur and visited Nagaland during the course of the yatra.

Suraksha Group takes control of Jaypee Infratech

In a big relief for over 20,000 Wednesday, Suraksha Group Suraksha homebuyers, Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse ₹125 crore equity fund to start construction of stalled housing projects across Delhi-NCR.

Environmental and financial benefits drive EV adoption in India

Electric vehicles (EVs) are zooming on Indian roads, as nearly 77 per cent of EV owners are motivated by reduced emissions.

BoAt to scale down wearables biz, focus on high-end audio products

Consumer electronics company BoAt Lifestyle is scaling down its wearables business to focus more on audio.

IndiGo a 'unique' airline, not a 'low-cost carrier'

IndiGo is a \"unique\" airline and should not be branded as a low-cost carrier (LCC) as it has already taken several measures that a typical LCC would never take, said its Chief Executive Officer Pieter Elbers on Wednesday.

Govt studying 300 airstrips to develop brownfield airports

This will give a boost to air connectivity, says aviation secretary

Have stopped hiring pilots: Akasa Air CEO

Akasa Air has stopped hiring pilots as it now has sufficient strength to operate its current fleet of 24 aircraft and accommodate its incoming growth, said its Founder and Chief Executive Officer Vinay Dube (pictured) on Wednesday.

No hiccups, NDA rallies behind Modi

MPs to meet tomorrow to formally elect Modi, oath likely over weekend | INDIA bloc says mandate against BJP govt, will take steps at appropriate time

Bulls stage ₹13 trn recovery as worries over Modi 3.0 ease

The benchmark indices on Wednesday recouped over half the losses they suffered on the Lok Sabha election results day, as the Bharatiya Janata Party (BJP)'s coalition partners reasserted their support for the next government under Prime Minister Narendra Modi.

Hindalco defers Novelis IPO in US, citing mkt conditions

Novelis, the US subsidiary of Hindalco Industries, has deferred its initial public offering (IPO) due to market conditions, announcing the decision on Wednesday after launching a roadshow for the offer last week.

Coalition govt may find it difficult to pass major reforms: Rating agencies

Passing major and contentious reforms like land and labour could prove more difficult for the next Bharatiya Janata Party (BJP)-led coalition government, rating agencies, such as Fitch and Moody's, said on Wednesday.

BJP Faces The Heat Wave In North India

Compared with 2019, party's score looks set to reduce by 30 in UP, 10 in Rajasthan, five each in Haryana and Bihar, three in Jharkhand, and two in Punjab

China's Change-6 Lifts Off From Far Side Of Moon With Samples

China's Chang'e-6 probe on Tuesday lifted off from the far side of the Moon for its journey back to Earth carrying the first rock samples ever collected from the rarely explored terrain, in an ambitious mission that underscored the country's rise as a major space power.

Modi 3.0: Coalition Returns

NDA has majority but BJP falls short of 272 as INDIA bloc runs it close; both alliances meet today

Modi 3.0: Coalition returns

In his address at the BJP headquarters, the PM said his government will celebrate the 75th year of the adoption of the Constitution with fanfare, and stressed that the NDA government led by him will work in a spirit of cooperation with all states irrespective of which party rules them.

Govt revises upwards wheat output to record 112.92 mt for 2023-24

The government has revised upwards wheat production at record 112.92 million tonne (mt) for the 2023-24 crop year (July-June) in its third estimate.

CBIC proposes to amend 8-decade-old central excise regime

The Central Board of Indirect Taxes and Custom (CBIC) has come out with a draft Central Excise Bill, 2024, which seeks to replace the eight-decade old Central Excise Act, 1944.

Investors suffer ₹31 trn hit after poll bombshell

The broader Nifty Midcap 100 and Nifty Smallcap 100 fell by 7.8 and 8.2 per cent respectively.

IPEF's clean economy investor forum meeting begins today

Senior officials from the commerce ministry will participate in the two-day clean economy investor forum meet in Singapore, organised by Indo-Pacific Economic Framework for Prosperity (IPEF), an official said.

MARKETQUAKE: PSU, Adani stocks feel verdict tremors

Nifty PSE tanks 16.4%; ₹3.6 trillion shaved off Adani Group market cap

₹, bond slump as RBI steps in

The rupee and bonds slumped on Tuesday as the ruling Bharatiya Janata Party (BJP) did not manage to get a simple majority in the general elections - contrary to what the exit polls predicted.

Powder keg for options market

Contract prices see wild swings as NDA's narrow majority fuels concerns about composition of government

Portfolio shuffle may see capex-to-defensive switch

The election results are likely to cause a certain amount of market volatility until the shape of the next government is known.

Change of mood: Drums, desolation at HQs

By early evening on Tuesday, weather wisecracks began.