CATEGORIES

Visa, Mastercard meet RBI as biz payments paused

Banking regulator issued directions to card networks, fintechs to put a hold on all commercial card-based transactions made by firms

Govtbonds, ₹weaken after US CPI data

Government bonds and the rupee weakened on Wednesday after the higher-than-expected US CPI data for January, which came in at 3.1 per cent, against the expectation of 2.9 per cent.

PM at World govt summit: Need for reform of multilateral bodies

India's reforms based on minimum government, maximum governance, says Modi

EFTA leaked chapter raises concern on affordable medicine production

Suggests potential manufacturing hindrance; group comprises Iceland, Switzerland, No exclusivity will expand their monopolies and profiteering by blocking the availability of generics from India.

SC proposes panel to restart Vedanta's copper smelter plant

Committee to have experts from the field of environment

Specialty steel PLI investment falling due to supply chain issues

Selected companies have invested about 12,900 crore in the domestic steel sector under the production-linked incentive (PLI) scheme for specialty steel till December and another ₹3,000 crore is expected during the current financial year (FY24), the government said on Wednesday.

16th FINANCE COMMISSION Panagariya takes up ToR in first meet

The 16th Finance Commission (FC) on Wednesday held its first meeting under the chairmanship of Arvind Panagariya to discuss its Terms of Reference (TOR), a press statement said.

No scope for any complacency: Das to bank CEOs

Maintain vigil around risk build-up

WPI inflation at 3-month low

Falls to 0.27% in Jan on moderation in prices of food, manufacturing products

Services trade surplus hits record $44.9 bn in Dec qtr

Grew 16% over a year earlier; current account deficit likely to reduce

Zee asks Star to pay ₹68 cr for deal 'breach'

Zee Entertainment Enterprises Limited (ZEEL) has asked Star India to refund ₹68.54 crore, alleging that the subsidiary of The Walt Disney Company breached the ICC television rights agreement.

NCLAT directs IRP not to take any step till Feb 23

The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the National Company Law Tribunal (NCLT) Mumbai Bench's order to initiate a corporate insolvency resolution process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11.

M&M net profit zooms 34% to ₹2.6K cr in Q3

Mahindra and Mahindra (M&M) on Wednesday reported a 34 per cent year-on-year (Y-o-Y) rise in consolidated net profit to ₹2,658 crore (excluding previous year gains on Susten and trucks impairment) for the December quarter of 2023-24.

Screwvala blames Byju, investors for current crisis

Byju Raveendran, chief executive officer (CEO) and co-founder of Byju's, along with its nearly 51 investors, are responsible for the beleaguered edtech firm's current predicaments, said Ronnie Screwvala, executive chairman and co-founder of edtech platform UpGrad.

CV sales may enter slow lane in FY25

Commercial vehicle (CV) sales in India are likely to decline in financial year 2024-25 (FY25) as the sector enters a period of lull, say analysts.

ADIF moves Delhi HC against CCI 'inaction'

The Alliance of Digital India Foundation (ADIF) on Wednesday moved the Delhi High Court against the \"inaction of the Competition Commission of India (CCI) to expeditiously hear and decide\" on the interim relief application filed by it against Google in the user choice billing system case.

Swiggy may file papers in 2 weeks to raise ₹8K cr

Swiggy is planning to file its draft red herring prospectus with the Securities and Exchange Board of India for its initial public offering (IPO) in the next two weeks, aiming for an $11 billion IPO valuation target.

PV wholesales clock best Jan, matching retail trend

Passenger vehicle (PV) wholesales in January grew 14 per cent year-onyear (Y-0-Y) to touch 393,074 units - the highest for that month.

ED to probe Fema breach in Paytm bank case

The Directorate of Enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (Fema) in the Paytm Payments Bank case, according to sources in the know.

RIL in talks for stake in Tata Play, may buy Disney's 30% share

Deal may bring Tatas and Ambanis together for a JV for the first time

Bike taxis get Centre's legal kickstart

The Centre has issued an advisory notification to state governments, clarifying the definition of bike taxis.

Valuation worries loom over smallcap stocks

Nifty Smallcap 250 index slips below 20-DMA, tests 50-DMA

Give loan, not gift, to spouse to avoid income clubbing

Documentation of the loan agreement is crucial to avoid treatment as gift

Tech snag delays MCX opening by four hours

Multi Commodity Exchange of India (MCX), the largest commodity derivative exchange in the country, on Tuesday suffered a technical glitch, which delayed its opening by nearly four hours.

Strong Q3 showing adds fuel to Coal India stock

Coal India Limited's (CIL) October-December quarter of financial year 2023-24 (Q3FY24) results have beaten the Street's estimates.

India hits high on MSCI index after China's fall

India has narrowed the gap with China in MSCI's Global Standard index, which tracks emerging market stocks for investors, after the latest revision.

Moody's revises outlook on 4 Adani firms to 'stable'

Moody's Investors Service on Tuesday revised the outlook on four Adani Group companies to 'stable', a year after revising it to 'negative' following an unverified report by Hindenburg Research.

Sebi rejects NSE plea in co-location case

The National Stock Exchange of India (NSE) said the markets regulator Securities and Exchange Board of India (Sebi) has rejected its plea to settle a matter related to the alleged irregularities in its co-location (co-lo) facility.

RIL 1st in India to top 20 trn mcap

Paytm hits new low as Macquarie cuts target price

Hundreds of flights cancelled to ease Mumbai airport congestion

Indian carriers are cancelling hundreds of flights till March 30 following the directive issued by the Airports Authority of India (AAI) to the Mumbai airport to ease runway congestion.