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Firms report electoral bonds under donations, miscellaneous expenses

With no template to follow, many large listed companies have reported purchases of electoral bonds and other political contributions in their annual reports in various formats.

Infra firms among top electoral bond donors

Cement majors donated ₹233 crore; in mining and metals, Vedanta, Aditya Birla Group also figure among top 10

LTTS bags $100 mn deal for Maha cybersecurity

L&T Technology Services (LTTS), the engineering and technology services arm of Larsen & Toubro (L&T), has won a \"first-of-its-kind\" programme in India worth around $100 million (₹800 crore) from the Maharashtra State Cyber Department.

TV rights: Star initiates arbitration against Zee

Star India has initiated arbitration proceedings against Zee Entertainment Enterprise in the London Court of International Arbitration over non-compliance with the agreement for the sub-licence of TV broadcasting rights of ICC international matches from 2024 to 2027.

YES Bank, Axis go live as Paytm PSPs

As the extended deadline comes to an end for Paytm Payments Bank, YES Bank and Axis Bank have gone live as payment service providers (PSPs) for the Paytm app.

VISTARA'S ULTIMATUM TO PILOTS - 'Accept new pay plan or forfeit one-time payout'

Airline company has instructed the pilots who are yet to accept the new salary structure to comply by Friday, warning that failing to acknowledge the offer will result in forfeiting a onetime payout and imply a lack of interest in joining Air India once the merger is operationalised.

IN THE OFFING MORE APP STORE FIGHTS

Rise of India's mobile economy has everyone scrambling for a piece

New scheme for EVs may put global majors in fast lane

The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre.

'Consistent growth in India gives hope for two decades'

Linde Plc is bullish on India's growth story and has investment plans of $1 billion for three to five years. SANJIV LAMBA, chief executive officer, Linde talks to Amritha Pillay in Mumbai about the global chemical company's blueprint for India, which ranges from an Al campus and more manufacturing facilities, to service semiconductor makers and plans to explore green hydrogen production.

CCI orders probe into Google Play Store billing policy

The competition watchdog ordered the investigation over imposition of an \"unfair service fee\"

KKR mulls sale of $1 billion stake in EuroKids

KKR & Co is exploring options for EuroKids International, including selling its controlling stake in the Indian pre-school and early-learning chain, according to people familiar with the matter.

Why malign India Inc? Electoral bonds just tip of poll funding iceberg'

There was a sense of disquiet in India Inc a day after the Election Commission of India (ECI) published details of the buyers and beneficiaries of electoral bonds following the Supreme Court's directions. Corporate leaders felt the data ought to have remained \"anonymous\".

New EV policy clears road for Tesla, other majors

Allows duty cut on imported cars if they invest 500 mn, set up plantin 3 yrs

STRESS TESTS BY FUND HOUSES Top six smallcap MFs to take over 20 days to liquidate 50% portfolio

The country's six largest smallcap schemes would require more than 20 days to liquidate half of their holdings, despite most of them maintaining high cash levels and having considerable exposure to more liquid largecap stocks, stress tests conducted by fund houses reveal.

Some public enterprises may stay off digital competition Bill

The government has proposed safeguards to exempt public-interest entities from the provisions of ex-ante regulations under the proposed Digital Competition Bill.

Exports grow fastest in 20 months; trade gap widens

India's merchandise exports grew at the fastest pace in 20 months at 11.9 per cent in February, overcoming the Red Sea crisis and falling commodity prices.

'Enough safeguards in place for domestic industry in EV space'

The government has ensured adequate protection for the domestic automobile industry in the new electric vehicle policy that provides duty concessions to global players setting up manufacturing units in India, says Maruti Suzuki India's Chairman R C BHARGAVA in a telephonic conversation with Surajeet Das Gupta.

LET'S GET REAL ABOUT RATES

Given myriad cross currents across inflation, growth and financial stability, monetary policy in 2024 will have to cross the river by feeling the stones

Startups may add $1 trn to economy by FY30: CII

50 million startup-driven jobs to be generated by FY30

Deloitte pegs average corporate salary increment in 2024 at 9%

Corporate executives in India are likely to get an average salary hike of 9 per cent in 2024, said Deloitte in a report on Thursday, projecting a figure that's a tad lower than last year.

Obtain secured credit card, repay regularly to repair credit history

Use less than 30% of card limit; avoid frequent loan applications

Muted demand may bite into Jubilant's earnings

The stock of the country's largest listed quick service restaurant (QSR), Jubilant FoodWorks, has shed over 23 per cent from the start of January and is now trading close to its 52-week lows.

'Investors should take 3 to 5-yr view on small, midcaps'

Mid and smallcaps have been battered badly in the last few weeks. SURESH SONI, chief executive officer at Baroda BNP Paribas Mutual Fund in conversation with Puneet Wadhwa, says that broader market valuations at less than 20x FY25e earnings per share (EPS) appear comfortable. Edited excerpts:

Active funds weather market storm better than indices

Actively managed midcap and smallcap schemes that have struggled to beat the benchmark indices in the past year have managed to outperform the indices during the downturn phase. Barring a few schemes, all active funds in the two categories have managed to arrest the decline vis-avis the key benchmarks.

Nervousness unlikely to spill into largecap universe for now

Mid, smallcap selloff unlikely to impact largecap peers

Global supply overhang for Indian steelmakers

Analysts are advising a cautious stance on the steel sector due to a combination of factors.

Proxy firms favour ISec delisting bid

Voting advisory firms Stakeholders Empowerment Services (SES) and InGovern have recommended a 'for' vote for delisting of the ICICI Securities (ISec).

Nippon MF releases small, midcap fund stress-test report

Nippon India Mutual Fund (MF) released its first stresstest report of smallcap and midcap schemes on Thursday.

Sebito SAT: Subhash Chandra 'suppressed material facts'

The Securities and Exchange Board of India (Sebi) told the Securities and Appellate Tribunal (SAT) on Thursday that Essel Group Chairman Subhash Chandra suppressed material facts in the alleged fund diversion case involving Zee Entertainment Enterprises.

Addressing grievances

RBI should focus more on spreading financial awareness