CATEGORIES

Ireda to float ₹4,500 crore FPO

Public sector non-banking financial company (NBFC) Ireda Limited will issue a follow-on public offering (FPO) of ₹4,500 crore.

$300mn earmarked for flood mitigation

The government will spend nearly $300 million (about ₹2,500 crore) in two years to expand water bodies like lakes and build drains in seven cities including Mumbai, Chennai and Bengaluru to mitigate floods and conserve water, Krishna S Vatsa, one of the three members of the National Disaster Management Authority, told Reuters.

NHAI rolls back free access in case of excess waiting time

The National Highways Authority of India (NHAI), three years after implementing a free-flow policy in the case of excess waiting time, has withdrawn the provision from its toll plaza management guidelines.

FM tells RRBS to reduce high attrition rates

Union Finance Minister Nirmala Sitharaman has asked regional rural banks (RRBs) to adopt more employee-friendly policies to reduce attrition rates, according to two senior bankers who participated in a meeting held in New Delhi.

GST notices of ₹80K cr sent out for AY18-22

Alleged shortfall in tax paid, reversal of ITC among reasons

Govt makes recycling push for non-ferrous metal products

The Centre has come out with a detailed road map to reduce industrial waste, mandating that all new products made from non-ferrous metals will have to contain a minimum of 5 per cent recycled content beginning financial year 2028 (FY28).

Corporate sector employment growth declines to 1.5% in FY24: BOB

The growth of employment in the corporate sector slowed to 1.5 per cent in FY24 from 5.7 per cent in FY23, as merely 90,840 new people got employment, compared to 333,000 people gaining employment in FY23, the latest report released by Bank of Baroda (BOB) on Wednesday showed.

Ex-TechM India prez launches Humanize

Tech Mahindra India's former president Jagdish Mitra (pictured) has announced his entrepreneurial venture with the launch of Humanize, a Generative AI-powered software-as-aservices company.

Rajesh Nambiar appointed Nasscom president-designate

Steps down as Cognizant India chairman and MD, to succeed Debjani Ghosh

Trai may clear the air on OTT licensing by mth-end

Telcos reiterate that OTT communication covered under new Telecom Act

Decathlon to invest ₹900 crin India in 5 yrs

French sports goods retailer Decathlon on Wednesday announced plans to invest €100 million (approximately ₹900 crore) over the next five years to expand its presence in the country.

Lenders seek another round of bidding for KSK Mahanadi

Look to better Adani's ₹27,000 cr offer

Paytm to sell ticketing, entertainment biz to Zomato for ₹2,048 cr

One 97 Communications Limited, which owns the Paytm brand, on Wednesday, said it will sell its entertainment ticketing business to food delivery platform Zomato for ₹2,048 crore.

Maruti to talk CBG production expansion with Centre, states

Maruti Suzuki India (MSIL) will hold discussions with the Centre and state governments on how the production of compressed biogas (CBG), which can be used in vehicles that run on compressed natural gas (CNG), can be expanded in the country, its majority shareholder Suzuki Motor Corporation (SMC) said.

Online vs offline retail: Industry divided over Goyal's comments

Sparks debate over large e-commerce players eating into share of smaller offline retailers

Ponzi-like tactics of P2P lenders in RBI crosshairs

A series of regulatory violations, including acting like Ponzi schemes, accepting deposits without authorization, and concerns about coercive recovery practices, prompted the Reserve Bank of India (RBI) to crack down on these E-C players, sources aware of the s development said.

I-T officials issue 10,000 notices to reopen cases

These may involve undisclosed income of $15K cr

Census exercise may finally kick off next month

The government is likely to begin conducting a long delayed population census in September, two government sources said, as Prime Minister Narendra Modi looks to plug important data gaps in his third term.

PSBs propose to hold govt cash balances now

At a time when deposit growth remains sluggish, trailing credit off take, public sector banks have made a strong appeal to the finance ministry urging that government cash balances be held by them, rather than the Reserve Bank of India (RBI).

'Smells of predatory pricing": Goyal red-flags e-com boom

Questions Amazon's India investment strategy, says it is to make up for losses

As steel stocks falter, a silver lining for investors

Brokerages expect steel prices to go up in H2FY25

Markets gain on rate cut hopes

Financial and IT stocks lead the rally, mcap of BSE-listed firms hits ₹457 trillion

IPO fee pool set to eclipse last yr's total

Ola and FirstCry spark windfall for i-bankers

Volume rebound, moderate valuation positive for NMDC

THE COMPASS Iron ore mining major NMDC's results for the April-June quarter (Q1) of FY25 were better than estimates.

Sebi denies relief to BSE on regulatory fee payment

In a setback to BSE, the market regulator has denied any relief to the stock exchange on the payment of differential regulatory fee based on annual turnover.

Zomato deal adds heft to recent flurry of block trades

A unit of Chinese fintech giant Ant Group has sold $569 million of shares in Zomato on Tuesday, adding to a recent flurry of block trades.

SC forms task force on doctors' safety

Slams West Bengal govt over delay in filing FIR in Kolkata doctor's rape-and-murder

Beyond the Hindenburg haze

There is no smoke without fire.

US election shifts and India

New Delhi must sustain its bipartisan support in the US through broad political and civil society engagement

Eastern approaches

In just three years, escalating civil conflict in India's eastern neighbours Myanmar and Bangladesh has significantly weakened the dynamics for peace and stability in the Northeast.