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India-listed multinational arms outclass parent firms' valuations

Trend may draw foreign companies to India listing, while existing players assess potential of monetising stakes

The smart shifts in video

How often do you watch YouTube or Reels on your TV at home? If you do, you are among the 200 million Indians that use a connected TV- that is a smart TV with a broadband connection for streaming videos.

Opportunity lost

Farmers' rejection of govt scheme is disappointing

The NDA approach to PSUS

The Modi govt's equity contribution to public sector units has risen even as their capacity to generate resources has taken a hit

LockBit gang disrupted by global police operation

The hacker group had recently attacked MOFSL

Israel's Rafah deadline keeps UNSC occupied

Arabs put resolution for ceasefire to vote; US proposes another motion ASSOCIATED PRESS 20 February T he US proposed a UN Security Council resolution warning against an Israeli assault on Rafah in the southern Gaza Strip and calling for a temporary cease-fire, according to a copy of the draft text seen by Bloomberg.

Capital One to buy Discover for $35 bn, creating consumer lending colossus

The two combined will surpass JPMorgan Chase, Citigroup by US credit-card loan volume

EOU can exit under EPCG scheme for CG procured from DTA also

We want to exit from the EOU scheme. We want to apply for EPCG scheme for the imported CG as well as the CG procured from the DTA. From Para 6.17 of the FTP or the provisions of the HBP, it is not clear whether we can ask for EPCG authorisations for CG procured from DTA. Please clarify quoting the specific provision, if any.

SC declares 'defeated' AAP candidate Chandigarh mayor

The Supreme Court on Tuesday overturned the result of the Chandigarh mayoral poll in which the BJP candidate had emerged an unlikely winner, and declared defeated AAP-Congress alliance candidate Kuldeep Kumar as the new city mayor.

'Hold Lok Sabha, Assembly, panchayat polls together'

BJP SUBMITS MEMORANDUM TO KOVIND PANEL ON 'ONE NATION, ONE POLL'

After PMO review, India makes likely final push for UK FTA

Officials head to London for ironing out penaing! issues

Took conscious call to shun high-cost deposits: HDFC Bank

Move resulted in slower growth in Dec period

FORMAL JOB CREATION AT 3-MTH HIGH IN DECEMBER

The labour market recovered slightly in December as fresh formal job creation touched a three-month high, latest payroll data released by the Employee Provident Fund Organisation (EPFO) on Tuesday shows.

India to study proposal for Brics currency, minus China

The central government has decided to ask a cluster of think tanks to study the proposal for a Brics (founding five: Brazil, Russia, India, China, and South Africa) currency.

India cuts import duty on some fresh, processed food items

Officials head to London for ironing out pending issues

'Whatever Generative AI platform we are creating, everything is built out of India'

Accenture has shown early signs of winning GenAl deals among IT services players. It has signed 350 million worth of such deals. BHASKAR GHOSH, chief strategy officer, Accenture, speaks to Shivani Shinde on the sidelines of Nasscom Technology Leadership Forum in Mumbai, and shares India's role in driving the GenAl strategy. Edited excerpts:

Cairn to double annual capex to $1 bn

The oil and gas major plans to kick-start 12 proiects in the country in FY25 SUBHAYAN CHAKRABORTY New Delhi, 20 February C airn Oil & Gas will spend about $1 billion in capital expenditure (capex) annually for the next five years as it ramps up exploration across 12 key project areas.

RIL, Tata among firms in fray for $26-bn nuclear investment

The government will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, two government told sources Reuters.

India opposes China-led investment facilitation proposal at WTO

India opposes the move led by countries such as China to push a proposal on investment facilitation at the World Trade Organization (WTO), a senior government official said on Tuesday.

RBI net $ buyer after 4 mths

The Reserve Bank of India (RBI) became a net buyer of the US dollar in the spot foreign exchange market after four months in December last year, according to the central bank's monthly bulletin.

Asia disinflation on track: RBI dy guv

Asia will continue to stay on course with disinflation, and signs are pointing towards alignment with central bank targets, said Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra (pictured).

Russian crude traders come up with ways to sidestep US sanctions

Russian traders are exploring options to circumvent US' secondary sanctions on Russian crude oil which aim to disrupt the burgeoning oil trade between India and Russia, according to officials from both countries and ship-tracking data.

Prospects for capex bright, says FinMin

An upturn in the private capital expenditiure (capex) cycle, improved business sentiment, and healthy balance sheets of banks and corporates, along with the government's continued thrust on capex, signal bright prospects for capital formation in India, the finance ministry said in its Monthly Economic Review for January 2024 released on Tuesday.

ATR sees India as its biggest mkt in 10 years

Turboprop aircraft manufacturer ATR expects India to become its largest market within the next decade amid the rising demand for regional air travel in the country, Jean-Pierre Clercin, the company's head of commercial for Asia-Pacific, told Business Standard.

Flipkart BBD spurs Walmart sales

Walmart International's sales growth during the fourth quarter was led by India's Flipkart, Mexico's Walmex, and China with a strong performance during festive events across markets, according to an earnings report of the US firm.

India's gamers play to win with homegrown AAA titles

Even as the Indian real-money gaming (RMG) sector is feeling the strain of the newly imposed goods and services tax (GST), the country's game developers are eyeing rising online gamer segments by creating home-grown big-budget titles.

AI framework to be presented by July: MOS IT

Calling out the need for a global consultative approach towards the creation of regulations around artificial intelligence (AI), Rajeev Chandrasekhar (pictured), minister of state for information technology, said India has taken the lead in framing such regulations.

Paytm doubles down on bank partnerships

One97 Communications, the operator of the Paytm brand, is intensifying its focus on partnerships with banks to transfer its Bharat Bill Payment System (BBPS) from Paytm Payments Bank (Paytm PB) and concentrate on acquiring new merchants through these collaborations, according to people close to the development.

India Inc must get act together on capex: RBI paper

Unsecured loans rise despite higher risk weighting

Hindalco arm Novelis files papers for US IPO

Atlanta-based Novelis Inc, a wholly owned subsidiary of the Aditya Birla group's Hindalco Industries, on Tuesday announced that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) of the United States for an initial public offering (IPO).