CATEGORIES

Hopes fade for trapped workers

THE RESCUE OPERATION At the Srisailam Left Bank Canal (SLBC) tunnel in Telangana's Nagarkurnool district, where eight men have been trapped since Saturday morning, has become significantly tougher with heavy seepage of water and mud, rescuers said.

SME, business loan margins to be impacted

Competition in fixed-rate non-housing loan segment to intensify

Fair deal for borrowers

RBI plan to waive foreclosure charges will help MSMEs, but NBFCs may find the going tough

LIC Gets GST Demand Notice of ₹57.2 Crore

Life Insurance Corporation of India (LIC) has received a demand notice for ₹57.27 crore on short payment of goods and service tax (GST) along with interest and penalty for the financial year.

Social protection coverage in India has doubled: ILO chief Houngbo

INDIA HAS NEARLY doubled the proportion of its population covered under \"at least one branch of social protection\", rising from 24% to 49% in a short span, International Labour Organization (ILO) director-general Gilbert Houngbo said on Monday.

Trump 2.0 Targets China With Biggest Salvo So Far

The Trump Administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival.

Shares of lenders fall as RBI moots zero foreclosure fee

Analysts say move to benefit borrowers and may lead to more churn in the banking industry

Merz Faces Hard Road to Govt After German Election Win

German conservatives under Friedrich Merz vowed on Monday to quickly form a government after winning a national election but face tricky coalition talks and the prospect of an obstructive parliament after far-right and far-left parties surged.

Zoom looks to expand data centre capacity in India

VIDEO COMMUNICATION PLATFORM Zoom is looking to expand its data centre capacity in the country, in a bid to address the increasing demand of its cloud-based phone system Zoom Phone, the company's president of product and engineering, Velchamy Sankarlingam, told FE.

First-mover advantage in fun and games

NAZARA'S JOURNEY BEGAN when smartphones were unheard of and gaming was just a newly-found pastime for children.

PM-Kisan scheme: ₹22,000 cr transferred to 98 mn farmers

Modi on Monday released the 19th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan), transferring around ₹22,000 crore directly to bank accounts of 98 million farmers.

Finmin over-rules rural, calls for merger, budget cuts in 3 key units

The Department of Expenditure (DoE) has asked the ministry of rural development (MoRD), headed by Shivraj Singh Chouhan, to absorb two autonomous bodies under its charge while cutting the annual outlay of a third to just a fraction of its previous allotment in the Union Budget—despite requests from the ministry to reconsider, it has been learnt.

Airtel to offer Apple TV+, Music to its postpaid Wi-Fi users

BHARTI AIRTEL ON Monday said that it has entered into a partnership with Apple to provide Apple TV+ streaming services and Apple Music to its home Wi-Fi and postpaid customers.

Speed, not haste: Goyal on FTA with UK

WHILE THE AVERAGE tariff on goods imported from India into the UK is 4.2%, the average tariff in India on goods imported from the UK is 14.6%.

Nestle considering price hikes

NESTLE INDIA WILL consider raising prices of its products by a small margin to counter inflation in coffee, cocoa and edible oil while aiming to keep sales coming in, a top executive said on Monday.

Centre's capex loan to states surpasses 90% of FY25 target

THE CENTRE HAS released loans of ₹1.15 lakh crore to states so far this financial year under the scheme for interest-free 50-year special assistance for capital expenditure, inching closer to the revised estimate of ₹1.25 lakh crore for the year.

IIFL Fin results show multiple challenges: Fitch

NON-BANK LENDER IIFL Finance will likely see its annual earnings fall from a year earlier due to reduced net interest margins and higher credit costs, Fitch Ratings said on Monday.

Samvardhana Motherson cuts capex on weak offtake

SAMVARDHANA MOTHERSON INTERNATIONAL (SAMIL), the auto and non-auto parts making company, part of the Motherson Group, has reduced its capital expenditure (capex) estimate by ₹500 crore for the current year, following weak demand in Europe and the Americas.

Promoters Pledged Holdings Fall in Q3

A marginal decline

New India Co-op Bank depositors can withdraw up to ₹25,000

The Reserve Bank of India (RBI) on Monday revised the norms for urban co-operative banks (UCBs), allowing them to classify loans of up to ₹25 lakh, or 0.4% of Tier I capital, whichever is higher, as small-value loans, subject to a ceiling of ₹3 crore per borrower.

World's EV leader BYD weighs options to rev up India engine

BYD MAY HAVE trumped Tesla in 2024 to emerge as the world's largest electric vehicle maker, but the Chinese brand is struggling to gain a foothold in India despite having the second-largest product portfolio.

Byju's effect wanes as edtech startups turn the page

THE SPECTACULAR FALL of Byju's had a rub-off effect on the entire edtech sector for some time. But many of its peers seem to have turned the page, showing signs of recovery, revenue growth, reduced losses and even a path to profitability.

KKR to buy 54% stake in cancer care chain HCG for $400 mn

PRIVATE EQUITY GIANT KKR has signed a definitive agreement to pick up a controlling stake in cancer care hospital chain Healthcare Global Enterprises (HCG) from CVC Asia V for $400 million (approximately 3,465 crore).

UK FTA talks resume today after 8 months

GROWTH PUSH

Delicensed 6GHz: A Missed Opportunity

Undermining Wi-Fi to favor mobile operators could slow India's digital progress, limit economic expansion, and weaken the competitiveness of Indian businesses

Govt Offloads 2 MT of Wheat in Open Market

To curb any spike in retail prices during lean months, the government has offered nearly 2 million tonne (MT) of wheat from its stocks to bulk buyers such as flour millers and food companies through weekly e-auctions under the Open Market Sale Scheme (OMSS) this fiscal.

Automation cuts IT bench strength

Freshers expected to bear the brunt

From pay check to prosperity

An income-wise guide to long-term wealth creation

Balancing tech with empathy

The human touch in digital healthcare is vital

Those of slave mentality attacking our religion: PM

TARGETING THE OPPOSITION parties, Prime Minister Narendra Modi on Sunday said a section of leaders with \"slave mentality\" are engaged in mocking religion and dividing people, \"with the support of foreign powers\", to weaken the nation and its faith.