CATEGORIES

DLF Brands exits retail tie-ups for home decor biz

DLF BRANDS, BEST known for bringing some of the top international labels into India such as Kiko Milano, LensCrafters, Mothercare and Forever21, will focus on its home decor business under Pure Home + Living, MD & CEO Timmy Sarna told FE.

PM flags off railway projects of ₹85k-cr

PRIME MINISTER NARENDRA Modi on Tuesday virtually launched a slew of railway projects, 10 more high-speed Vande Bharat trains and inaugurated the major sections of the dedicated freight corridors (DFCs).

SBI submits poll bond details to election panel

SC had directed the bank to hand over the data by Tuesday evening

₹78,500 CRORE RELEASED BY CENTRE SO FAR FY24 MGNREGS spending to not breach ₹86,000-cr mark

THE CENTRE WILL be able to contain the spending on the flagship Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) at the revised estimate level of ₹86,000 crore for the current fiscal, an official source told FE.

Saini replaces Khattar as Haryana chief minister

HARYANA CHIEF MINISTER Manohar Lal Khattar and his cabinet ministers resigned Tuesday and he was replaced within hours by BJP state president and Kurukshetra MP Nayab Singh Saini as the party effected a change of guard in the state and ended its four-and-half-year alliance with the Jannayak Janta Party (JJP) led by Dushyant Chautala ahead of the Lok Sabha elections.

FAA uncovers numerous issues in Boeing 737 Max production

A SIX-WEEK AUDIT by the Federal Aviation Administration (FAA) of Boeing's production of the 737 Max jet found dozens of problems throughout the manufacturing process at the plane maker and one of its key suppliers, according to a slide presentation reviewed by The New York Times.

Adani Cements expects sales to more than double by FY27

Ebitda per tonne may rise to about ₹1,500 cr

'We now have an AI component in every large, long-term deal'

Domestic IT firms may not be out of the woods in terms of improvement in spending by clients across the globe.

BAT to pare ITC stake in ₹17,500-cr block deal

BRITISH AMERICAN TOBACCO (BAT), the largest shareholder in cigarettes-to-hotels conglomerate ITC, will launch the country's biggest-ever block deal in three years on Wednesday to divest a 3.5% stake in ITC.

NCLAT tailwind for Jet Airways' revival

IN WHAT COULD pave the way for Jet Airways to fly again, the National Company Law Appellate Tribunal (NCLAT) on Tuesday directed the monitoring committee of the grounded airline to transfer its ownership to the Jalan Kalrock Consortium (JKC) within 90 days.

Retail inflation at 5.09% in Feb, food gets costlier

ITIP comes in at 3.8% in Jan, down from 4.2% in Dec

Jitters for small, mid-caps

MID- AND SMALL-CAP stocks lost more ground on Tuesday as concerns that valuations have turned 'frothy' has prompted some investors to take risk off the table.

No Cauvery water to TN now, says Karnataka

With Karnataka facing its worst drought in about four decades that has affected the capital city, the government on Monday announced restrictions on drilling of borewells in the metropolis and categorically stated water from the Cauvery river will not be released to neighbouring Tamil Nadu.

PM: Cong ridiculed me over women's empowerment

PRIME MINISTER NARENDRA Modi Monday took a dig at the Opposition saying whenever he spoke from the Red Fort about women empowerment, parties such as the Congress \"ridiculed\" and \"insulted\" him.

GAIL eyes green hydrogen push

Decarbonisation, gas penetration remain focus areas

Biden warns Netanyahu against attacking Rafah

US PRESIDENT JOE Biden warned Israel against attacking the city of Rafah in southern Gaza as cease-fire talks with Hamas remained deadlocked at the beginning of Ramadan.

Kate apologises for edited' royal family photo 'confusion'

KATE MIDDLETON ON Monday apologised for \"any confusion\" caused by a royal family portrait released by Kensington Palace of her posing with her three children, the first photograph made public since her abdominal surgery in January.

P2P lenders await clarity from RBI on select issues

THE PEER-TO-PEER (P2P) lending industry is currently in a recalibration phase as companies are awaiting clarity from the Reserve Bank of India (RBI) on specific issues.

Aditya Birla Fin to merge with parent to comply with RBI norms

ADITYA BIRLA CAPITAL on Monday announced the merger of its wholly-owned subsidiary Aditya Birla Finance (ABF) with itself as the large non-bank lender seeks to comply with the RBI's mandate on scale-based regulations.

Flipkart's entry may not heat up quick commerce

E-COMWALMART-OWNED MERCE major Flipkart's entry into the quick commerce space in India may not necessarily lead to an increased competitive intensity in this segment, a report by BofA Global Research said.

Cash crunch: Byju's vacates office spaces

Had over 3 mn sq ft space as of July 2023

Gangwal sells 5.8% stake in IndiGo for ₹6,786 cr

RAKESH GANGWAL, CO-FOUNDER of IndiGo, the country's biggest airline, offloaded a 5.83% stake in InterGlobe Aviation to raise ₹6,786 crore via a block deal on the BSE.

Centre unveils spectrum regulatory sandbox norms

Several licences and requirements will no longer be needed

Higher receipts may pull down FY24 fiscal deficit to ₹17 trn

THE CENTRE'S FISCAL deficit, in absolute terms, may come in close to ₹17 trillion in the current fiscal, lower than ₹17.3 trillion pegged in the revised estimate (RE), on account of a sharp rise in total receipts of the Centre, say economists.

Freight corridors to go on stream today

PRIME MINISTER NARENDRA MODI will inaugurate a clutch of railway projects, including key sections of the dedicated freight corridors, on Tuesday.

Oppenheimer sweeps Oscars with 7 wins

OPPENHEIMER, THE BIOGRAPHICAL film about the inventor of the atomic bomb, picked up a total of seven Academy Awards, including best picture and Best Director for Christopher Nolan.

Premium bikes rev up two-wheeler market

HIGHLIGHTING THE BREAKNECK speed of premiumisation of the two-wheeler market, seven out of every 10 models launched in FY24 carried a price tag of above ₹2 lakh. In the below ₹1 lakh segment, there were just three model launches.

Agni-5 can now deliver multiple nuclear warheads

INDIA ON MONDAY successfully tested a new-age Agni-5 ballistic missile equipped to carry multiple warheads, each of which is capable of hitting a separate target.

Ahead of polls, govt notifies rules for citizenship law

AHEAD OF THE Lok Sabha elections, the ministry of Home Affairs (MHA) on Monday notified the rules for implementation of the Citizenship (Amendment) Act.

Review of tariff cuts to EFTA only after 18 years

INDIA CAN WITHDRAW tariff concessions granted to the European Free Trade Association (EFTA), in case the bloc does not fulfil its $100 billion investment obligation, only after 18 years, and that too after a three-stage consultation process.