CATEGORIES

New rules for verification of digital payments on cards

The Reserve Bank of India (RBI) on Thursday proposed to adopt a principle-based framework for authentication of digital payment transactions to promote alternative mechanisms other than the popular SMS-based One Time Passwords.

Key fact statement must for retail, MSME loans

The Reserve Bank of India's (RBI's) decision to mandate all regulated entities to provide the key fact statement (KFS) to borrowers for all retail and micro, small and medium enterprise (MSME) loans will enhance transparency and financial literacy.

A pragmatic policy

SOUMYA KANTI GHOSH The concluding MPC decision for FY24 was on expected lines in terms of a status quo.

'Have to be vigilant about incoming data and outlook'

Reserve Bank of India (RBI) Governor SHAKTIKANTA DAS, along with Deputy Governors MICHAEL DEBABRATA PATRA, SWAMINATHAN JANAKIRAMAN, T RABI SANKAR, and M RAJESHWAR RAO, responds to a range of issues during a post-policy media interaction.

After brisk start, EV penetration loses momentum in FY24

Even as the government debates whether to continue the FAME-II subsidy for electric vehicles (EVs), the share of such vehicles in overall sales is decelerating, after witnessing a heady growth in the first few years.

Elections, infra push to boost consumption: Nestlé

Fast-moving consumer goods (FMCG) major Nestlé India on Thursday said it expects an uptick in consumption on the back of government's infrastructure spending, moderating inflation and the upcoming elections.

'Volume may better for India biz from July'

Unilever Plc expects volume growth in its India division, Hindustan Unilever (HUL), to improve in the second half of 2024.

BAT'actively' looking to monetise ITC stake

We want to keep a level of influence in ITC, says BAT chief

Central Bank, JC Flowers join race for Future Enterprises

Central Bank of India and JC Flowers have joined the race to bid for the assets of bankrupt Future Enterprises, which has a stake in two insurance joint ventures.

India may pip US as largest GitHub base soon: Nadella

To expand 'Code; Without Barriers' to India

WHITE PAPER ON INDIAN ECONOMY TABLED Tracks 'Fragile Five' to 'Top Five' journey

The Narendra Modi government said on Thursday it had followed a counter-cyclical fiscal policy of containing the Budget size during the peak cycle of economic growth to generate adequate fiscal space to handle unforeseen events.

Red Sea crisis reflects on India Inc's Q3 show

Indian companies are beginning to report early signs of the Israel-Hamas conflict's impact on business operations, limited to those with exposures to either commodity supplies or related foreign markets.

RBI dashes early rate-cut hopes

Maintains status quo, says lending rates not hiked enough

Brokerages tiptoe around Nykaa after Dec qtr results

Maintain ratings, target prices; cut Ebitda estimates

MF shareholding in listed firms at new high

Strong net inflows have propelled domestic mutual funds (MFS) ownership in National Stock Exchange (NSE)-listed companies to reach a fresh record high during the 2023-24 October-December quarter (third quarter, or Q3).

Investors cheer as PSUs race past index majors

Stocks of public sector undertakings (PSUs) have been on fire over the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest.

MFs knock onthe RBI doorto raise overseas investment limit

Proposals shared include linking MFs' foreign investment limit to forex reserves

Haley loses Nevada primary to 'none of these candidates'

Nikki Haley suffered an embarrassing loss in the largely symbolic Republican Nevada presidential primary on Tuesday, while President Joe Biden secured an easy victory in the state's Democratic vote.

China replaces top markets regulator as Xi tries to end rout

China replaced the head of its securities regulator, a surprise move that may foreshadow more forceful measures by Xi Jinping's government to end the rout in the country's $8 trillion stock market.

Hamas calls for 135-day ceasefire, Israeli withdrawal, talks to end war

Cou nterproposal envisages three phases of truce lasting 45 days each

Siddaramaiah protests Centre's 'injustice'; 'false narrative': FM

Karnataka Chief Minister (CM) Siddaramaiah on Wednesday led his Council of Ministers and Congress legislators to protest the Centre's \"injustice\" to the state in the devolution of taxes at the national capital's Jantar Mantar.

PM: 'Outdated' Cong can't question 'Modi guarantees'

Prime Minister (PM) Narendra Modi on Wednesday accused the Congress, whose Karnataka Chief Minister (CM) Siddaramaiah and ministers protested the Centre's \"injustice\" in the devolution of funds to the state, of shaping narratives that could threaten the unity of the country, such as the North versus South debate that the party had triggered.

India will be biggest oil demand growth driver through 2030: IEA

In the next seven years, India is poised to become the primary source of global oil demand growth, even as its domestic production is projected to decrease by 22 per cent, according to the latest projections by the International Energy Agency (IEA).

China plus one: Vietnam races ahead, but India closing in

Vietnam's aggressive policy of urging Chinese and global companies to shift capacity to its shores and hedge their bets has been a key factor in why it has done better under its China Plus one strategy than India.

India to oppose mandate on non-trade issues

India will oppose any work programme or a negotiation mandate on non-trade issues such as environment, gender and micro, small and medium enterprises (MSMEs) at the World Trade Organization's (WTO's) biennial meeting scheduled for the month-end.

Cognizant profit up 7%, revenue guidance muted

Nasdaq-listed information technology (IT) and outsourcing firm Cognizant on Wednesday posted a 7 percent increase in its net profit to $558 million for the December quarter (Q4), up from $521 million a year ago, on the back of a robust show in the communications, media, and technology verticals.

Kinetic Luna back after 2 decades, in e-avatar

Kinetic on Wednesday relaunched the iconic two-wheeler Luna in an electric avatar, addressing the demand for affordable electric vehicles (EVS), more than two decades after its initial introduction. e-Luna will be available at an introductory ex-showroom price of 269,990, as announced by Sulajja Firodia Motwani, founder and chief executive officer of Kinetic Green after Union Road Minister Nitin Gadkari launched the vehicle.

Tax poserinthe way of Hyundai local arm listing

South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development.

Fintechs boost hiring, strengthen leadership

In the backdrop of the crisis brewing at Paytm Payments Bank, major fintech companies are ramping up their workforce and inducting new faces in their leadership teams, industry sources said on Wednesday.

Confusion&concern: Traders across cities brace for Paytm impact

Some shiftto alternatives and shun the platform, others still swear by it