CATEGORIES

MCA probing some loan apps for fraud

To move court after report on tech loan entities is finalised

Moderation in industrial growth, agri likely to drag down GDP growth in Q3

SHIVA RAJORA New Delhi, 27 February The Indian economy is likely to report a slowdown in the third quarter (October-December) of FY24 owing to deceleration in industrial growth, agricultural output, and consumption, an analysis of high-frequency indicators shows.

Next gen reforms to top 3rd-term agenda: FM

Finance Minister Nirmala Sitharaman on Tuesday said the next-generation reforms would be on top of the government's agenda in its third term.

WTO adopts new services rules pact

The World Trade Organization (WTO) on Tuesday adopted an agreement on domestic services regulation that aims to lower trade costs to the tune of about $150 billion per year.

India, UK to give another shot at finalising FTA

Trade ministers may hold talks on sidelines of WTO's conference in Abu Dhabi

CCI seeks changes to confidentiality regime

Proposed tweaks aim at streamiining processes, enabling umely disposal prescribed timeline for its submission will be onerous on par ties, especially in cases involving foreign nationals as consularisation/apostilisation of documents in foreign juristo streamline the processes and enable timely disposal.

Takeda to start India trials of dengue vax soon

Ties up with Biological E to source 50 mn annual doses of vaccine

'Extra caution to ensure fintechs don't function beyond regulation'

Investors will have to be extra cautious to ensure fintech companies do not operate beyond the ambit of the regulatory framework, said Rajan Anandan, managing director, Peak XV Partners (formerly Sequoia Capital India).

PhonePe to go global in a couple of months: CEO

INDIA DIGITAL SUMMIT 2024 almart-owned fintech major PhonePe is planning to expand its presence in markets where the National Payments Corporation of India (NPCI) operates as an enabler, a senior executive from the company said on Tuesday.

EVs set to corner a third of Volvo Car India's 2024 sales

Volvo Car India estimates that electric vehicles (EVS) will constitute one-third of its total sales in 2024.

Byju's, investors slug it out in NCLT over rights issue

Byju's and its investors locked horns at the National Company Law Tribunal (NCLT) on Tuesday over the company's rights issue of $200 million.

'Scarred': Global lessors frustrated by Go First case

Scarred\", “burnt\", \"egregious\", and he \"yellow light of caution\"- these re a few of the terms that global airraft and engine lessors used on Cuesday to express their frustration over their inability to repossess their lanes and engines from Go First lue to ongoing court cases.

GenAI will hit headcount growth in 3-5yrs: Infy exec

The current headcount fall at large Indian information-technology (IT) players has been due to growth slowing, and in the long run companies will hire fewer people, said a senior executive of Infosys.

Škoda to drive in Brezza, Sonet rival in H1FY25

Škoda Auto India is set to drive in a new car by the first half of next year to reach its target of 100,000 unit annual sales in the country by 2026.

Vi to raise F45K cr via debt & equity

Funds to be spent on 4G & 5G networks, capacity expansion

Sebilens on MF free float ownership in smallcaps

February The Securities and Exchange Board of India (Sebi) has asked fund houses operating smallcap funds with a large corpus to share data on their holdings in the total free float of smallcap stocks, according to sources.

Entire country is taken for a ride: SC contempt notice to Patanjali on ads

Misleading ads banned, Centre told to list out steps against false claims

Financial markets must play long term, like Rahul Dravid: Shaktikanta Das

As part of our supervision, we are also looking at the rate of attrition -which is seen to be high in certain private-sector banks. We have asked them to look at it because every bank at the end of the day has to build up its core team.

He also does what he does, and listens too

As RBI Governor Shaktikanta Das is accessible and pragmatic, he is also a reformer who stands his ground

'A shift in focus is crucial to drive the next phase of growth in digital payments'

A conducive atmosphere involving factors such as the Jan Dhan-AadharMobile (JAM) trinity and the NPCI (National Payments Corporation of India) infrastructure in the name of UPI, among others, has given a fillip to India's digital payments infrastructure. In a panel discussion at the Business Standard BFSI Insight Summit 2023, panelists said that education, awareness and an ability to collect payments digitally would further drive growth in India's digital payments story.

‘Good times will last longer’

The going has never been so good for public-sector banks (PSBs). K V Kamath, chairman Nabfid & Jio Financial Services, in Business Standard BFSI Insight Summit's first Fireside chat had said this was the best year for Indian banking in 50 years. In this backdrop, BS Consulting Editor Tamal Bandyopadhyay spoke on the situation's sustainability with some of India's leading PSB chiefs CS Setty, managing director (MD), State Bank of India; K Satyanarayana Raju, MD & CEO (chief executive officer), Canara Bank; and Ashwani Kumar, MD & CEO, Uco Bank. Edited excerpts:

Fintech has tough days ahead

Valuation game is over and it's all about the bottom line here on as business comes under strict monitoring

Diversity in India's ecosystem aids Razorpay's global forays, says CFO

India's complex payments market and a tough regulatory ecosystem have emboldened Razorpay and are helping the fintech firm's planned expansions into South East Asia and West Asia, the company's chief financial officer (CFO) Arpit Chug (pictured) said.

3-wheelers charged up with electric transition

Rajesh M, a three-wheeler driver in New Delhi, is preoccupied with paperwork for a change, and for good reason.

Amazon Pay gets RBI nod for payment aggregator status

Amazon Pay, the fintech arm of e-commerce major Amazon India, has received a payment aggregator licence from the Reserve Bank of India (RBI), the company said on Monday.

WHEAT, PADDY ROOTS RUN DEEP IN PUNJAB

As Centre proposes purchase of alternative crops at MSP, a look at why Punjab farmers are reluctant to diversify

Paytm hits upper circuit, brokerages remain bullish

The stock has bounced back 35% from its record low of ₹318 it touched on February 16

Grievances for unextinguished tax demands can be submitted to CPC

Avoid doing so until April as CPC has been given 2-mth deadline for this task

QIPs gain traction as India Inc looks for growth capital

Supportive outlook ensures adequate demand for new paper supply

Kotak MF latest to place curbs on smallcap funds

Kotak Mutual Fund has joined some of its peers in placing restrictions on the amount investors can park into its 14,500 crore smallcap fund, citing a sharp run in stock prices, upcoming elections across the globe, and limited supply of new smallcap firms in the listed space.