CATEGORIES

CAD likely to narrow below 1% in FY24

India's current account deficit (CAD) is expected to narrow to less than 1 per cent of gross domestic product (GDP) in FY24 due to contained goods trade deficit, improved net services receipts, increased remittances and macroeconomic stability, a report by UBS Securities said.

Pricing reforms for drugs, med devices in the works

Centre forms committee, report likely in 3 months

Oyo secures ₹200 cr credit facility from JP Morgan

JP Morgan has extended a ₹200 crore credit facility to Oyo to fuel the hospitality major's accelerator program, said sources familiar with the matter.

Peak XV's new fund to focus on seed, early ventures

Peak XV Partners, formerly part of Sequoia Capital, is creating a new fund that will take stakes in global seed and early venture funds, and make other investments that fall outside the purview of its existing portfolios.

Not aware of promoter stake sale, says Sterling & Wilson

Sterling & Wilson Renewable Energy on Tuesday said that it was not aware of any sale of stake by Shapoorji Pallonji and Company Private in the company.

DRAFT DIGITAL COMPETITION LAW Big Tech opposed to ex-ante norms

Big Tech firms such as Google, Apple, Flipkart, Amazon, and Uber have opposed ex-ante regulation while responding to the suggestions of the expert committee on the draft digital competition law.

India now distinct regional priority for Intel: Exec VP

Chipmaker Intel is betting big on India by carving it out as a separate geographic region, said Christoph Schell, executive vice-president and chief commercial officer, Intel.

Deeptech startups bullish on ₹2K cr AI adoption fund

The government's focus on deeptech startups, via the recentlyannounced India artificial intelligence (AI) mission, is a \"good starting point\" to building a conducive investment environment for the sector, said industry stakeholders.

'Maruti would have faced capacity hurdle without rail infra'

50,000 truck trips will be cut annually due to dedicated railway line

Paytm's third-party application licence may get nod this week

The National Payments Corporation of India (NPCI) is likely to approve a third-party application provider (TPAP) licence for Paytm, formally known as One 97 Communications, by March 15, three sources directly aware of the development said on Tuesday.

SUVs power car sales to best Feb tally

Passenger vehicle makers have reported an 11 per cent yearon-year rise in dispatches to dealers for February, as sports utility vehicles (SUVs) continued to drive demand.

BAT may sell 3.5% stake in ITC today for ₹17K cr

British firm will use the proceeds of block trades to buy back own shares

ISMC asks govt to block Tower's chip fab application

The battle between ISMC Analog Fab and Israeli company Tower Semiconductor is escalating, with the law firm of the former taking up the matter with the government through communication on March 8 to the India Semiconductor Mission (ISM), urging it not to clear their fresh application for setting up a fabrication (fab) plant without ISMC.

Flipkart's dark-store dash for quick commerce takes fast lane

Flipkart may set up thousands of dark stores across major cities in the country as the Walmartowned e-commerce firm gears up to launch a quickcommerce (q-commerce) service in the next couple of months, according to sources.

NCLAT clears runway for JKC's Jet ownership

The National Company Law Appellate Tribunal (NCLAT) on Tuesday greenlit the transfer of ownership of Jet Airways to the Jalan Kalrock Consortium (JKC), the successful bidder for the grounded airline.

Costlier food keeps retail inflation elevated in Feb

IIP growth eases in Jan as manufacturing cools

ICICI Pru MF curbs flows into midcaps

ICICI Prudential Mutual Fund has decided to suspend one-time investments in its smallcap and midcap funds from Thursday, citing expensive valuations.

REPORTS ON STRESS TESTS BY AMCS LIKELY THIS WEEK Risk metrics of small, midcap funds in focus

MFs to release info on investor concentration, portfolio turnover ratio

Bengaluru navigates latest crisis

Tech firms embrace innovative water conservation measures, residents make do with less

Number of women on boards of top 100 firms rose in 5 yrs

No. of firms with no independent woman director went down: Survey

Report bares gig workers' woes

Long work hours, low earnings, high physical and mental stress plaguing workers, finds survey across eight cities

GDP OR GVA: TAKE YOUR PICK

The raging debate may boil down to what you are looking for

File updated ITR to reduce risk of scrutiny, penalties

Remember, ITR-U can't be used to lower tax liability by claiming missed refunds

Nifty PSU indices on the brink: Can fall up to 15%

A mid the recent decline in midcap and smallcap counters over the past three trading sessions, stocks of public-sector undertakings (PSUs) have also faced a downturn, with the National Stock Exchange Nifty CPSE, Nifty PSE, and the Nifty PSU Bank slipping by 2.3 per cent, 1.6 per cent, and 1.3 per cent, respectively.

Attractive valuations of city gas distributors after recent price fall

Domestic gas consumption in CGD declined to 26.5 mscmd inJan

Multicap funds gain currency as investors seek diversification

Schemes see highest flows in three years at ₹2,400 cr in February

Tata Group stocks fall amid IPO uncertainty

LAGGARDS IN THE TATA PACK

Mkts see biggest fall since Feb 28

Correction in heavyweights drags indices down

Sebi chief: Signs of manipulation in SME listings

Madhabi Puri Buch calls for policy by MF trustees to protect investors from 'bubble' in smallcaps

Crouching tiger, rising mammoth

On February 9, 1904, Japan launched a surprise naval attack on the Russian fleet stationed at Port Arthur, China, leading to a war between the two countries.