CATEGORIES

Listed firms log record operating cash flow of ₹11.1 trn in FY24

Cross ₹10-trillion mark for first time; larger portion than before being used to retire long-term liabilities

Weekend high: Strong FPI inflows lift equities, rupee

Foreign investors bet ₹14K cr, most in a day in 3 yrs; ₹ posts biggest weekly gain in '24

Global PE firms turn to India for Asia leadership

This comes amid slowdown in deal-making in China

GLOBAL INVESTOR CONSORTIUM LINES UP ₹2,100 CRORE INVESTMENT FOR SP GROUP

Engineering and construction major Shapoorji Pallonji group is gearing up to receive investments of over ₹2,100 crore from a consortium of global investors led by Deutsche Bank, according to sources.

Binance detaches self from liabilities after WazirX hack

Global cryptocurrency giant Binance has asserted that it never owned or controlled WazirX before or after the embattled Indian exchange was hacked in July that led to a security breach of more than $230 million.

Indian carriers soar on int'l routes but foreign rivals lead

Indian airlines are ramping up their international presence by adding more direct flights.

SC dismisses curative pleas by telcos against AGR dues

The Supreme Court has rejected curative petitions seeking a review of its 2019 judgment on adjusted gross revenues (AGR) payable by telecom firms.

Strong hybrid car sales take off in UP after tax waiver

Monthly sales of strong hybrid cars in Uttar Pradesh have more than doubled following the state government's decision to scrap the registration tax on such vehicles from July 5.

In export push, govt steps in to raise container capacity

Commerce Minister Piyush Goyal announces purchase of second-hand vessels

Govt asks EY India to explain position on CA's death

The Union labour ministry has asked EY India's management to appear before it and explain its position regarding the death of its 26-year-old employee, Anna Sebastian Perayil, a senior labour ministry official said.

Samsung India sues union over disruption

Electronics' India unit has sued members of a labour union that has led a strike for 11 days at its only Indian home appliances plant in Tamil Nadu, escalating tensions with its workers, legal papers show.

'Australia seemed like a natural-growth area for us'

RPSG group-owned business process management (BPM) firm Firstsource has announced its expansion into Australia and New Zealand. SANJIV GOENKA, chairman, RPSG, in an interview tells Ashutosh Mishra in New Delhi that this will open up avenues for the company and create jobs locally. He gives insights into the plans to increase margins for Firstsource in the next 30 months through organic and inorganic growth. Edited excerpts:

CEOs of FMCG firms raise GST concerns

Chief executives from over 100 fast-moving consumer goods (FMCG), food and agriculture companies on Thursday raised concerns over taxation dynamics, ease of doing business, and subsidies to the industry during a closeddoor meeting with ministers.

India needs norms for domestic PEPs, says FATF

Global body says non-profit sector requires protection from terror

'One State, One RRB' may debut by FY25-end

The plan to consolidate regional rural banks (RRBs) under the 'One State, One RRB' policy has gained momentum.

'We are doing assessments to expand footprint'

ANUJ TYAGI, who took charge as the managing director (MD) and chief executive officer (CEO) of HDFC Ergo on July 1, discusses the insurer's plans on focus areas of the retail line of businesses in an interview with Aathira Varier in Mumbai. Edited excerpts:

Term deal for Russian crude likely in FY26

A joint front of Stateowned refiners is discussing crude oil purchase from Russia under a term deal that may be sealed in the next financial year (FY26), petroleum ministry sources said.

With 6.7% growth rate, India to be 3rd-largest economy by FY31:S&P

Riding on structural reforms and investment, India is poised to become the thirdlargest economy and transition to the upper-middleincome category by FY31 if it is able to clock a growth of 6.7 per cent per year till then, S&P Global said on Thursday.

Fed rate cut impact to be muted: CEA

The impact of the US Federal Reserve's rate cut might be muted in India as much of it was already priced in, Chief Economic Advisor V Anantha Nageswaran said on Thursday.

Govt okays sale of Ferro Scrap Nigam for ₹320 crore

The government on Thursday approved the privatisation of Ferro Scrap Nigam Ltd (FSNL), a 100 per cent subsidiary of MSTC, to Japanese firm Konoike Transport Co for approximately ₹320 crore.

Market hopes ride on US soft landing after Fed cut

One of the most consequential Federal Reserve meetings in recent history has put investors focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the economy from slowing too rapidly.

How Israel built modern-day troian horse-exploding pagers.

19 September The pagers began beeping just after 3:30 in the afternoon in Lebanon on Tuesday, alerting Hezbollah operatives to a message from their leadership in a chorus of chimes, melodies, and buzzes.

Open up to rivals, EU tells Apple

The European Union (EU) said Thursday it ☐ will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc's tough new digital rulebook, which threatens hefty fines for breaches.

'Social media firms' data management inadequate'

US FTC report analysed how Meta platforms, ByteDance's TikTok, Amazon's Twitch, and others manage user data

Fed's balancing act

This easing cycle will be different

Achecks and balances challenge

Parliament's oversight of statutory regulatory authorities is weak. Strengthening it is both necessary and desirable

Lagging behind

Rapid economic growth in India has been marked by unbalanced development, rising inequality, and spatial concentration of growth in a few urban agglomerations.

RBI lifts gold loan business curbs on IIFL Finance

Non-bank lender IIFL Finance on Thursday informed the exchanges that the Reserve Bank of India (RBI) has removed the restrictions imposed on its gold loan business.

Sebi bars Axis Capital as merchant banker in debt segment

The Securities and Exchange Board of India (Sebi) on Thursday restrained Axis Capital (ACL) - a wholly owned subsidiary of Axis Bank - from taking any new assignment as a merchant banker, arranger or underwriter in the debt segment for alleged violation of the norms.

Banks take securitisation route to boost liquidity

₹45,000-50,000 crore deals expected in Q2FY25