CATEGORIES

FinMin rejects plan to establish body for procuring green steel

Says most steel for projects is purchased indirectly through contractors rather than the govt

PPI wallets decline 20%, cards record 27% growth this year

Paytm Payments Bank, Airtel Payments Bank drive drop in wallets in Jan-Nov

Ola Electric Clocks 4,000-Store Milestone

Ola Electric on Wednesday said it now has 4,000 stores across the country, marking a fourfold jump from the earlier reported figure of 800 on December 2 of this month.

IndiGo Eyes Early Induction of Wide-Body Planes in Fleet

Airline reportedly in talks with Norse Atlantic Airways to wet-lease six B787

Residential and commercial sectors to stand as pillars of resilience

The residential segment will remain largely steady, and the commercial segment will exhibit strong growth.

Health care sector seeks viable rates for govt schemes, hike in allocation

The health care sector has rolled out a robust wish-list for the upcoming Budget.

Hospital chains make gains on improved efficiency, demand

India's private hospital sector in 2024 clocked single-digit growth in average revenue per occupied bed (ARPOB), helped by improved operations and advanced medical treatment.

Ajinkya Rahane invests in Proxgy's Series A funding

Proxgy, an Internet of Things (IoT) technology firm in areas such as safety, connectivity, and productivity solutions, said that cricketer Ajinkya Rahane has invested in its ongoing $3 million Series A funding round.

Electronics Fastest-Growing Among Top 10 Export Items

With 28% growth in Apr-Nov of FY25, electronics exports now occupy third rank

India's manufacturing reality: An incomplete story

To boost domestic factory production and capitalize on the global \"China Plus One\" strategy, which encourages multinational companies to reduce reliance on China, India needs a conducive ecosystem for manufacturing.

Just 15% Applicants Meet DVA Target for PLI-Auto

Only 12 of 82 approved applicants, or nearly 15 per cent, under the production-linked incentive scheme for the automobile and auto component industry (PLI-Auto) have achieved the mandated 50 per cent domestic value addition (DVA) target, according to data from the Ministry of Heavy Industries (MHI) as of December 20, 2024.

Micro insurance premium in life segment tops ₹10K cr for first time

In 2023-24, new business premium (NBP) in life insurance's micro-insurance segment, which targets low-income groups, surpassed ₹10,000 crore for the first time, according to the financial year's Annual Report by the Insurance Regulatory and Development Authority of India (Irdai).

Customers may gain as high-end hotels get GST options on dining

In a major change for the hospitality industry and in what could be a good news for diners, the Goods and Services Tax (GST) Council has decided to allow high-end hotels to choose between two indirect tax rates for restaurant services provided on their premises.

SteelMin wants Customs duty to double to 15%

AMID RISE IN CHEAPER IMPORTS FROM CHINA

Global hunger crisis deepens as major nations skimp on aid

It's a simple but brutal equation: The number of people going hungry or otherwise struggling around the world is rising, while the amount of money the world's wealthiest nations are contributing toward helping them is dropping.

Statesman who shaped India with his vision and resolve

Today, 25th December is a very special day for all of us. Our nation marks the 100th jayanti of our beloved former Prime Minister, Shri Atal Bihari Vajpayee Ji.

Bhaker accepts 'lapse' on her part amid Khel Ratna row

Paris Olympics' double bronze-medallist Manu Bhaker on Tuesday admitted that \"there has been a lapse maybe on my part\" while filing nominations for this year's National Sports Awards amid a raging controversy over her exclusion from the list of Dhyan Chand Khel Ratna awardees.

Consumer fickleness on the rise as phygital shopping takes root

Omnichannel shopping, or the phygital (physical and digital) experience, is gaining traction as the preferred way to shop among Indian consumers, who are increasingly forsaking physical stores. However, customer loyalty is becoming increasingly fickle, as consumers frequently switch brands and retailers.

The charts Indian policymakers should worry about

In a series of recent pieces, we have been arguing that the just-ended Reserve Bank of India (RBI) regime made a radical change in exchange rate policy, which reduced export competitiveness and rendered monetary policy inappropriate for a slowing economy.

Manipur, Bihar, other states get new governors

Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.

BCs meet Irdai, seek consent to sell insurance products

The Business Correspondent Resource Council (BCRC) has made a pitch to the Insurance Regulatory and Development Authority of India (Irdai) that field agents be allowed to hawk insurance products.

Credit card spend falls 16% in Nov after festival high

Decline due to moderation in consumer spending; issuances come down

Caramelised popcorn in theatres may stay in 5% slab

Single rate on sale of all old, used vehicles, including EVs

Indo Farm Equipment listing to open for subscription on Dec 31

Indo Farm Equipment on Tuesday fixed a price band of ₹204 to ₹215 per share for its initial share sale that opens for public subscription on December 31.

HDFC Bank's growth engine ready to roar into overdrive from FY26

After the merger, HDFC Bank has performed quite well, with an in-line performance in the July-September quarter (Q2) of 2024-25 (FY25).

Mkts settle flat in volatile trade

Benchmark indices Sensex and Nifty ended on a flat note in a volatile trade on Tuesday, as investors preferred to stay on the sidelines awaiting further triggers amid persistent foreign fund outflows.

Senores outshines the pack; Carraro crawls, Ventive soars

The response to the three initial public offerings (IPOs) that closed on Tuesday was mixed.

Angel One MF sets its sights on passive edge

Passive-only fund house to leverage online, traditional channels

10 funds on thin ice under IFSCA's watchful gaze

Regulator draws line in sand for funds failing to meet 'substance' requirements

Middle-class strain on consumption

In recent weeks, a slowdown in private consumption has dominated headlines.