CATEGORIES

Defence stocks stage a comeback after steep fall

Defence stocks witnessed a turnaround on Friday after a steep fall in the past two months. Cochin Shipyard surged 10 per cent while Garden Reach Shipbuilders, Mazagon Shipbuilders, and Paras Defence & Space Technologies gained 5 per cent or more.

The IMF must end its destructive surcharges

A group of 22 financially distressed countries, including Pakistan and Ukraine, has become the largest source of net revenue to the International Monetary Fund (IMF) in recent years, with payments exceeding the Fund's operating costs.

Natural intelligence trumps AI

I recently participated in the \"Middle Eastern North African International Security Conference on Artificial Intelligence\".

China mulls removing major homebuying curbs to boost demand

China is considering removing some of the largest restrictions on home purchases after previous measures failed to revive a moribund housing market, according to people familiar with the matter.

EU plans $39 bn loan for Ukraine

European Commission President Ursula von der Leyen announced plans for a loan of up to $39.1 billion backed by the profits from immobilized Russian central bank assets to help provide more predictable financial support to Ukraine.

‘India a feature, not a factor, in Sri Lanka election campaign’

Island nation goes to polls today

Israeli airstrike on Beirut kills top Hezbollah leader

Death toll at 8; attack comes after Hezbollah fired 140 rockets

U-Win portal, expanded AB-PMJAY to be launched in Oct

Prime Minister Narendra Modi will formally launch the expanded Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) scheme and the vaccination tracking portal U-Win next month, Health Minister JP Nadda announced on Friday.

Respect, capability, prosperity define PM Vishwakarma: Modi

Prime Minister Narendra Modi on Friday asserted that 'Samman, Samarthya, Samridhi' (respect, capability, prosperity) embodies the spirit of the Pradhan Mantri Vishwakarma Yojana scheme.

First indigenous aircraft carrier INS Vikrant to be put through its paces

The Indian Navy's second aircraft carrier, which happens to be the first one that is indigenously built, joined the Western Fleet in Karwar for joint exercises that include twin-carrier fighter operations.

Bombay HC: IT Rules allowing Centre's FCU 'unconstitutional'

Matter was assigned to 'tie-breaker judge' after split verdict in January

Govt to take retaliatory steps

India informed the World Trade Organisation (WTO) that it has decided to impose retaliatory measures against the European Union's (EU's) steel tariffs that has been in effect since 2018, and was extended till June 2026.

India-Asean pact review top priority: Commerce dept

The commerce department on Friday said that the review of Asean-India Trade in Goods Agreement (AITIGA) is 'high on our priority' to make the pact more user friendly, simple and trade facilitative for businesses.

Vivad Se Vishwas 2.0 to ease litigation woes

Scheme to be operational from October 1

HDB Financial Services board clears IPO plan

The board of HDB Financial Services Ltd, the non-banking arm of HDFC Bank, on Friday approved the listing of equity shares comprising a fresh issue of up to ₹2,500 crore and an offer for sale (OFS).

No. of people averse to govt surveys rises over 2x in 5 yrs

The number of people averse to the surveys by the National Statistical Office (NSO) has more than doubled over the last five years between the 75th National Sample Survey (NSS) round (July 2017- June 2018) and the 79th NSS round (July 2022-June 2023), the Ministry of Statistics and Programme Implementation (MOSPI) said on Friday in a conference organised to discuss the issue of 'non-responsiveness' to its sample surveys.

ICAI seeks pause on NFRA's revision of audit standards

Presses for discussion with all stakeholders

Meity may not change value addition target for mobiles under PLI scheme

The Ministry of Electronics and IT (Meity) will not change the value-addition target for manufacturers of mobile devices, which fall under the production-linked incentive (PLI) scheme.

MTR owner eyes IPO in 2025

The Indian arm of the Norwegian investment company Orkla ASA, which owns spice brands like MTR and Eastern, is exploring the possibility of launching an initial public offering (IPO) in 2025, said a top company executive.

Hyatt PE India to be taxed even if int'l unit racks up losses: HC

The Delhi High Court has upheld the plea of the authorities to tax the permanent establishment (PE) of Hyatt International in India even if the global company incurs losses.

Deloitte forms 3-member panel to review people practices

Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte had formed a three-member external committee, which includes former revenue secretary Tarun Bajaj, to look into practices, policies and processes concerning employees, its South Asia CEO Romal Shetty said on Friday.

Missing CA's funeral: EY India chair says won't happen again

Rajiv Memani, chairperson of consultancy EY India, has expressed regret for missing Anna Sebastian Perayil's funeral and said it \"will never happen again\".

‘Max Health in search of growth opportunities’

Max Healthcare Institute is looking for growth opportunities in various cities across the country, Abhay Soi, chairman and managing director, said while addressing the annual general meeting (AGM) of the hospital chain.

Costly inputs, weak prices tale of H1

As September draws to a close, cement makers in India may end the first-half of the current financial year (H1FY25) with higher than expected raw material costs, amid weak pricing, industry experts and analysts suggest.

Dealerships shrink as non-trade, e-sales solidify

Dealer networks have failed to keep pace with the rise in cement volumes sold in the last financial year, a trend that industry experts suggest may be due to the rise in non-trade and online sales, and a focus on larger dealerships.

What's a curative plea

Cash-strapped telecom operator Vodafone Idea (Vi) has announced a surprise meeting with investors and analysts on September 23.

EQT to acquire Indostar Home Fin for ₹1.7 K cr

Private equity major EQT said on Friday it had agreed to acquire a 100 per cent stake in Indostar Home Finance, an Indian affordable housing finance company, for ₹1,750 crore.

Physics Wallah's valuation swells 2.5x to $2.8 bn

Raises $210 mn in Series B round

Govt to list out 500 firms based on CSR spend

Scheme portal to go live by Sep-end

RBI report: Gap in credit, deposit growth shrinking but challenges remain

The gap between credit and deposit growth in banks, which has been a major concern for the Reserve Bank of India (RBI) over the past two years, is finally narrowing, according to the latest State of the Economy report released by the central bank on Friday.