CATEGORIES

Ex-bureaucrats seek Green Credits scheme withdrawal

A group of 91 retired bureaucrats has appealed to the Centre to withdraw the Green Credits programme, which they claimed may facilitate diversion of forest land to private entities.

OMCS to bear latest cut in oil prices

The decision by the three oil-marketing companies (OMCs) to reduce petrol and diesel prices after a record 22 months will be borne by the companies themselves, and not through a government grant, officials said.

Net direct tax collection at ₹18.9 trn until Mar 17

The government seems to be within striking distance of: meeting the revised estimates (RE) for direct tax collection this financial year and it has to collect around ₹55,000 crore in 14 days to meet the projections for 2023-24.

Thackeray vs Thackeray likely as MNS chief meets Amit Shah

Maharashtra Navnirman Sena (MNS) leader Raj Thackeray met Union Home Minister Amit Shah and later held discussions with Bharatiya Janata Party (BJP) General Secretary Vinod Tawde here on Tuesday to explore the possibility of his party joining the 'Mahayuti' alliance in Maharashtra.

Former diplomat Sandhu joins BJP, latest to take the political plunge

India's former ambassador to the US Taranjit Singh Sandhu joined the Bharatiya Janata Party (BJP) on Tuesday.

Turncoat politicians less successful than before

Congress, BJP show divergent trends on the strike rate of such candidates

Delhi maintains capital lead, Begusarai's city rank surprise

Amid growing concerns about worsening air quality, India was the world's third most polluted country last year out of 134 countries, according to a report by the Swiss organisation IQAir.

New-age, standardised courses in skill ministry's 100-day plan

In the first 100 days of the next government, the ministry of skill development and entrepreneurship (MSDE) is planning to introduce new-age courses to suit the changing industry needs.

NHAI Invit closes third funding round of 16K cr

The National Highways investment Authority of India (NHAI) on Tuesday completed the third round of funding through its infrastructure trust, raising a record over ₹16,000 crore for 889 kilometres of national highway.

State securities' yield rises on record supply

The yield on state government securities rose as 17 states borrowed record ₹50,206 crore at the weekly auction on Tuesday.

Flows into NRI deposits zoom 70%

The amount flowing into nonresident Indians' (NRIs') deposits surged 70.35 per cent to $10.1 billion in the first 10 months of this financial year, from $5.96 billion in the year-ago period.

Net FDI in India down 38% in Apr-Jan

Net foreign direct investment (FDI) in India, inflows minus outflows, declined 38.4 per cent year on-year to $15.41 billion in the first 10 months of this financial year due to an increase in the repatriation of capital.

Outward remittances increase 24%

Outward remittances under the Reserve Bank of India's (RBI's) Liberalised Remittance Scheme (LRS) in the AprilJanuary period of financial year 2023-24 (FY24) increased 24 per cent year-on-year to $27.42 billion.

₹ hits 1-month low ahead of Fed meet

India's forex reserves 2nd-highest among major nations

Routematic bets on AI to tap corporate commuters

Office-goers no longer have to face surge pricing when travelling even during peak hours in Bengaluru in return for a cost of between ₹99-225 for a guaranteed timely service.

Ayodhya on track to be biggest spiritual destination: IHCL CEO

Ayodhya is on track to become the world's biggest spiritual destination as infrastructure improves in the temple city and more Indians travel for religious reasons, said Puneet Chhatwal, managing director and chief executive officer of Indian Hotels Company Limited (IHCL).

Gleneagles set to expand India footprint, says CEO

Gleneagles Healthcare India, a whollyowned subsidiary of Malaysia's healthcare giant IHH Healthcare Berhad, is set for its next phase of growth in India.

Misleading ad case: Top court summons Ramdev, Balkrishna

The Supreme Court on Tuesday summoned Patanjali Ayurved's Co-founder Baba Ramdev and Managing Director Acharya Balkrishna to appear before it for failing to reply to the court's contempt notice.

ATC opts to convert ₹1,440 cr Vi debt bonds into equity

Vodafone Idea (Vi) will issue equity shares worth ₹1,440 crore to ATC Telecom Infrastructure Pvt Ltd (ATC TIPL), the Indian arm of American Tower Corporation, Vi said on Tuesday.

'Need clarity on what defines an Indian audit firm'

Regulators must bring in more clarity on what defines an \"Indian\" audit firm and an \"international\" outfit, Vishesh C Chandiok, chief executive officer of Grant Thornton Bharat, told Business Standard in an interview on Monday.

US graft probe into unrelated third party: Adani Green

Adani Group's renewable energy arm, Adani Green Energy, on Tuesday said it was aware of a probe into alleged violations of US anticorruption laws by a third party, but asserted that it had no relationship with the entity under scanner.

'Weakness of Air India supported survival of airlines around India'

Airlines domiciled around India have survived due to Air India's weakness, but the carrier now has an opportunity to reclaim the market from them and transform the country into a hub for travellers, said the airline's Chief Executive Officer and Managing Director Campbell Wilson.

No global plans, focus on India: Dream11 CEO

Fantasy gaming platform Dream11 has no plans of expanding to global markets, Harsh Jain, co-founder and chief executive officer of the company, said during the Startup Mahakumbh event in New Delhi on Tuesday.

Fintechs must abide by regulations, say investors

Fintechs must work within the regulations while addressing consumer needs in order to be successful, said investors and entrepreneurs at the biggest showcase of the Indian startup ecosystem, Startup Mahakumbh.

Meta follows Google, gets ready to pave way for free and fair elections

Mark Zuckerberg-led Meta, which runs Facebook, Instagram and Whatsapp among other platforms, will activate an India-specific operations centre ahead of the Lok Sabha polls.

Tapping into India's talent, GCCs eye revenue goldmine

Global capability centres (GCCs) are increasingly looking to tap into revenue opportunities from the Indian market, which is already a critical talent hub.

STATE OF THE ECONOMY Inflation still high, focus on minimising risk: RBI report

Indicates 'significant per capita income shifts' underway

Markets feel weight of TCS stake sale

Sensex YTD returns turn negative; investors await Fed move

Rebalance portfolio after surge in value fund returns

Over the past year, value funds have delivered a category average return of 46.8 per cent to investors, outperforming most diversified equity categories, barring midcap and smallcap funds.

Jefferies bets big on smallcaps in Asia

Better growth prospects for smallcaps have made Jefferies bullish on this market segment in the Asian region.