CATEGORIES

UCO Bank Q2 profit falls 20% to ₹402 crore

STATE-OWNED LENDER UCO Bank on Friday reported 20% year-on-year fall in net profit at ₹402 crore, due to lower recoveries from written off accounts and treasury income in comparison to similar period last fiscal. On a sequential basis, however, the bottomline was up 80%.

Indian benchmarks end week higher after Fed holds rates

INVESTORS REJOICE POSSIBILITY OF NO FURTHER RATE HIKES

Intel to boost laptop production in India

INTEL ON FRIDAY announced a collaboration with eight electronics manufacturing services (EMS) companies and original design manufacturers (ODMs) to boost laptop manufacturing in India.

MARKET SHARE IN INDIA AT 6%: Apple strong locally, a bit weak globally

Retail stores in India doing better than expected: Cook

Raymond to pick up 59% in Maini

₹682-crore deal to help group foray into aerospace, defence

Delhi chokes on toxic air

AIR QUALITY 'SEVERE'; AQI HITS 475

Rabi sowing starts on a brisk note; wheat and rice lag

SOWING OF KEY rabi crops wheat, rice, pulses, oilseeds and coarse cereals - has started on a brisk note with the setting in of the winter months. Initial data indicate increased acreages for mustard, chana (gram), masur (lentil), jowar, and maize. Planting of wheat and rice has been lagging.

READING OF 58.4 DENOTES BUOYANT ACTIVITY: Services PMI moderates to 7-month low in October

The composite PMI - a weighted average of both manufacturing and services PMI - eased to 58.4 in October, the weakest rate of expansion since March.

CONSTRUCTION BAN TO DELAY PROJECTS: Pollution gloom over real estate

Labour one of the main concerns, say realtors

Air India to induct 30 jets for winter

AIR INDIA WILL take delivery of 30 new aircraft and add more than 400 flights a week in the winter schedule, which started in the last week of October. Between now and March 2024, the airline expects to induct over 30 widebody and narrow body aircraft to its fleet, including six A350s, four B777s and 20 A320neos.

UK FTA: Timely dispute resolution in spotlight

INDIA AND THE UK are discussing possible options to address investors' disputes in a time-bound manner through a domestic judicial mechanism in the proposed Bilateral Investment Treaty (BIT), a move that is crucial for the conclusion of the much-awaited free trade agreement (FTA) in the next few weeks, a senior official told FE.

Saudi pads up for IPL stake

SAUDI ARABIA HAS expressed interest in buying a multibillion-dollar stake in the Indian Premier League, international cricket's most lucrative event, following a string of investments that have upended professional sports, including football and golf.

BIG DRAW FOR INSURERS, PENSION FUNDS: First 50-yr bonds get 4x response

THE GOVERNMENT'S AUCTION of the first 50-year bonds got a strong demand from investors on Friday as the Reserve Bank of India (RBI) received bids worth ₹40,200 crore (4x) against the notified amount of ₹10,000 crore.

Nageswaran sees RBI holding fire if Fed hikes rates

THE RESERVE BANK of India won't face pressure to hike interest rates if the US Federal Reserve tightens monetary policy further, the country's top economic adviser to the government said

'Al should be guided by principles of safety'

MINISTER OF STATE for Electronics and IT Rajeev Chandrasekhar has said Artificial Intelligence should be guided by principles of safety and trust for users, and accountability for platforms, an official statement said on Thursday

Retail loan originations rise 15% on strong demand

RETAIL LOAN ORIGINATIONS rose 15% year-on-year (y-o-y) in the second quarter of FY23 as consumption-led demand remained strong, TransUnion CIBIL said in a report.

High rates, volatile yields drag corp bond issuances

Corp bond market has become more competitive than bank loan market

Diplomacy to pause fight and ease siege intensifies

ISRAELI TROOPS ADVANCED toward Gaza City on Thursday, as the Palestinian death toll rose above 9,000. With no end in sight after weeks of heavy fighting, US and Arab mediators intensified efforts to ease Israel's siege of the Hamasruled enclave and called for at least a brief halt to the hostilities in order to aid civilians.

Top-end cars 30% of Mercedes sales

10 launches in 2023 at average price of ₹1.66 cr

Adani Green in talks to borrow $1.8 billion

ADANI GREEN ENERGY, the renewables firm of the Adani Group, is in talks with foreign lenders to borrow as much as $1.8 billion, according to people familiar with the matter

Port Talbot plant plans on track, says Tata Steel

TATA STEEL'S PLANS to set up a 3-million-tonne environmentally friendlier electric arc furnace (EAF) at Port Talbot in the UK is on track and the company is in discussions with the unions

New rules for private companies set to expose shell entities

A NEW RULE shines a light into one of the darkest corners of asset ownership in India - private companies

Dabur profit up 5% to ₹515 cr

DABUR INDIA ON Thursday reported a consolidated net profit of ₹515 crore during the July-September quarter, up 5% year-on-year

Tata Motors misses Q2 profit estimates

TATA MOTORS ON Thursday reported a lower-than-expected consolidated net profit during the quarter ended September, though there was a sharp improvement in margins buoyed by a richer product mix and better pricing aided by easing of supply-chain constraints

Kejriwal skips ED summons

DELHI CHIEF MINISTER Arvind Kejriwal skipped the Enforcement Directorate's summons for questioning in the excise policy case on Thursday, saying it was \"vague, motivated and unsustainable in law\"

City gas firms brace for EV push impact

Delhi policy to hit 15% of IGL volume; Mahanagar Gas sees 6% sales growth even with EV penetration

Riposte to EU move: India to collect carbon tax locally

To also pitch for CBAM abolition, says Goyal

FM for stronger trade ties with Sri Lanka

WITH FRESH CHALLENGES emerging due to conflict in West Asia, finance minister Nirmala Sitharaman on Thursday said India and Sri Lanka should have economic some sort of integration to ensure no break in supply chains and foreign exchange crisis

Insolvency board seeks to expedite resolution process

Wants to separate payment and distribution parts