CATEGORIES

Russia, Venezuela Flows Stay Strong As Cheaper Crude Evades US Curbs

India's flow of cheap crude oil from Russia and Venezuela continued unabated in March, defying market expectations, as local refiners tweaked their sourcing strategies.

Tax Notices Stir Up Startup World

Industry executives and investors say such action is regressive and poses significant challenges to startup operations and investor confidence

HAL reports highest ever revenue in FY24

Hindustan Aeronautics Limited (HAL) recorded its highest ever turnover of over ₹29,810 crore (provisional and unaudited) for the financial year ended on March 31, 2024.

India's 5G speed ranked 14 in Q4CY23

India ranked 14th globally in 5G median download speeds with 301.86 megabits per second (Mbps) in the fourth quarter (Q4) of calendar year 2023 (CY23), Seattle-based internet speedtest firm Ookla said on Monday.

Election '24 promises to be a sizzler as IMD predicts extreme heatwave

Above normal heatwave projected for next 3 months, coinciding with 7-phase LS polls from April 19 to June 1

Strong pipeline to drive revenues for Prestige

Firm has entered into a deal with ADIA and Kotak AIF for 2,001 crore funding

Selecting a Reit: Factor in capital gains and dividend payouts

Enter this volatile asset class with a minimum horizon of seven years

India, S Korea, Japan to see more IPOs while China stalls

After the worst quarter in five years for Asia Pacific initial public offerings (IPO), a pick up in activity is expected from South Korea, India, and Japan while Chinese deals are likely to remain sparse.

China's stock correlation with India reaches new low

The 360-day correlation between stocks in China and India has fallen to the lowest level on record, as two of the world's largest markets increasingly appear to be going in opposite directions.

Indices set to clock fresh highs; Sensex can hit 77K, Nifty 23,500

Analysts remain bullish on the road ahead for the equity markets even as they warn against volatility on account of domestic and global cues.

Active funds shine in broad-based mkt rally

Over 2/3rds of active largecap schemes outperform Nifty 100 TRI

Mkts scale new peaks in FY25 kickoff

Optimism soars as slowing US inflation sparks Fed rate cut hopes this financial yr

Xiaomi's EV buyers face months-long wait in sign of robust demand

China's Xiaomi is advising potential buyers of its SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle.

Microsoft to split Teams and Office globally

Microsoft will sell its chat and video app Teams separately from its Office product globally, the US tech giant said on Monday, six months after it unbundled the two products in Europe in a bid to avert a possible EU antitrust fine.

F1owner announces MotoGP takeover

Formula 1 owner Liberty Media Corp is buying the motorcycle racing league MotoGP World Championship from Bridgepoint and Canada Pension Plan Investment Board as part of a $3.8 billion deal.

DGFT should issue orders on QCO item imports as replenishment under AA

We refer to the DGFT notification no.71/2023 dated 11th March 2024 regarding the exemption for import of items covered under Quality Control Orders (QCOs).

Kejriwal sent to jail till April 15 in graft case

A Delhi court on Monday sent Chief Minister Arvind Kejriwal to judicial custody till April 15 in the excise policy-linked money laundering case.

'Real wage of salaried workers down'

April ○ver the decade until 2022, the average monthly real earnings of regular salaried workers declined by 1 per cent each year, according to the latest report jointly prepared by the International Labour Organisation (ILO) and the Institute for Human Development (IHD), pointing towards poor-quality employment and the possible adverse impact of the pandemic.

After 3 years, RBI reverts to multiple price auctions

The Reserve Bank of India (RBI) will conduct all auctions of government securities under the market borrowing programme of the government using the multiple price auction method, the central bank said on Monday.

CIL's FY24 production jumps 10% as stock gets a fillipahead of summer

National miner Coal India Limited (CIL) witnessed a double-digit growth in production for the second year in a row, for the first time in its history.

India Inc's credit quality remains healthy in H2FY24

Rating agencies say outlook positive for FY25

New private project announcements zoom ahead of polls

The private sector's new project announcements in the quarter ending March were among the highest on record.

ABFRL to demerge Madura Fashion into separate listed entity

The board of directors of Aditya Birla Fashion and Retail (ABFRL), at its meeting on Monday, authorised the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle (MFL) business from ABFRL into a separate, listed company.

Hospitality saw funding worth $401 mn in 2023 Record hotel signings and openings last year due to Tier-II activity

India's hospitality sector saw a record $401 million worth of investments in 2023, a nearly four fold increase from 2022, said a new report by JLL.

Vistara cancels nearly 50 flights in a day

Approximately 50 flights of Vistara were cancelled and several others were delayed on Monday after a section of pilots went on leave, forcing the airline to curtail its schedule, sources privy to the development said.

'India our priority market this year'

With a sustained boom in domestic travel, global hospitality giant Hilton is set to triple its footprint in India by 2027.

Proptech startups ride the digital wave

Property technology (proptech) players in India are looking to ramp up their investment plans amid a booming real estate sector driven by technology.

Byju's delays salaries for 2nd month in a row amid rights issue dispute

Edtech major Byju's is grappling with another setback as it faces delay in paying salaries to employees.

EV industry continues to lose charge on localisation woes

Poses a hurdle as cells, which account for half the EV price, continue to be imported

Ola Electric sees momentum continuing after record March

Led by Ola Electric, which registered an industry record of 53,186 vehicles in March, electric two-wheeler (e2W) penetration hit a record at 8.91 per cent the highest ever for a month (based on Vahan data).