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Youngsters rise to the occasion as India efeat England to clinch Test series

Handy contributions from Jurel, Jaiswal, Gill & Akash Deep

RBI fines SBI, 2 others for violation of norms

THE RESERVE BANK of India (RBI) on Monday imposed a penalty of 2 crore on State Bank of India (SBI), ₹66 lakh on City Union Bank and 32 lakh on Canara Bank for violating norms.

At least 3 tankers slated to deliver Russian crude oil

VESSELS OF RUSSIAN SHIPPING MAJOR SANCTIONED

Eicher Motors faces volume growth challenge

Bajaj Triumph HeroHarley’s expansion to impact RE’s market share

BYD tries to win over European buyers with floating SUV

BYD CO. IS underscoring its European ambitions at the Geneva car show this week by showing off models including a 1,200-horsepower luxury sport utility vehicle that can float on water.

Palestine PM quits as pressure grows over post-war Gaza plans

PALESTINIAN PRIME MINISTER Mohammad Shtayyeh announced his resignation on Monday, as the Palestinian Authority looks to build support for an expanded role following Israel's war against the Islamist group Hamas in Gaza.

Broadcom to sell unit to KKR for 4 bn

CHIPMAKER BROADCOM IS selling its unit that allows users to remotely access desktops in a deal valued at about $4 billion to KKR, furthering CEO Hock Tan's efforts to streamline the firm's portfolio following its VMware takeover.

Berkshire nears 1-trn m-cap; built to last’, says Buffett

WARREN BUFFETT-LED Berkshire Hathaway inched closer to a $1 trillion market value on Monday, a milestone that would put it among a rarefied list of American businesses, after it posted its second straight record annual profit.

RBI lifting curbs on forex NDF arbitrage by banks

THE RESERVE BANK of India (RBI) is easing restrictions on banks'arbitrage trades between the outright foreign exchange over-the-counter (OTC) and the non-deliverable forward (NDF) markets, four people familiar with the matter said.

Goldman Sachs, Mubadala in $1-bn private credit tie-up to focus on India

GOLDMAN SACHS AND Mubadala Investment Company, the sovereign fund of Abu Dhabi, on Monday signed a $1-billion partnership in private credit space for the Asia Pacific region with a focus on India.

Paytm shares hit upper circuit of 5%

Troubled fintech may partner SBI, 3 others

Paint stocks fading after Birla entry

Shares fall up to 5%, lose ₹16,000 crore in market value

Reliance launches animal rescue centre

RELIANCE FOUNDATION, THE philanthropic arm of Reliance Industries (RIL), on Monday launched Vantara, an initiative to rescue and rehabilitate injured and abused animals in India and abroad.

Auto industry to erow over 6x by 2047: Kalyani

THE INDIAN AUTOMOTIVE industry will grow six to sevenfold from the current four million vehicles per year by 2047, Baba Kalyani, chairman and managing director, Bharat Forge, said on Monday.

Telcos flag hurdles to open RAN adoption

EVEN AS TELECOM operators in the country have been testing open radio access network (RAN) technology for some years now, they have flagged factors like higher cost, issues in performance and no clarity over service support among key reasons that are restricting the commercial deployment of technology.

Dharavi businesses to get state GST refund

DHARAVI REDEVELOPMENT PROJECT, a joint venture between the Maharashtra government and the Adani Group, will refund state goods and services tax (SGST) for five years to industrial and commercial units setting up businesses in the area.

Adani unveils 3,000-crore ammunition complex in UP

LOOKING TO CONSOLIDATE its presence in defence manufacturing, Adani Group on Monday announced the opening of two mega facilities the largest such complex in South Asia in Kanpur to manufacture ammunition and missiles.

Sirona on track to double sales i in FY24

GOOD GLAMM GROUP-BACKED Sirona, which makes feminine hygiene and menstrual products, plans to end this financial year with about 150 crore in revenue, marking a nearly 2x jump over FY23, cofounder and CEO Deep Bajaj told FE in an interaction.

NCLT to hear Byju's investors' petition today

THE BENGALURU BENCH of the National Company Law Tribunal (NCLT) will on Tuesday take the up the petition filed by four investors against Byju's citing oppression and mismanagement.

Ola CEO's Krutrim rolls out AI chatbot for public use

OLA CO-FOUNDER & CEO Bhavish Aggarwal on Monday opened the beta version of made-in-India generative AI platform Krutrim for wider public use.

Rabi crops likely to be robust

AMID CONCERNS wheat stocks plummeting to a seven-year-low, the government expects the current rabi crop to be robust, while harvesting of winter crops-chana and mustard-have already commenced in several states.

West, China want dispute settlement reform at WTO

THE BIG TRADING powers like the US, European Union and China have set reforms, including getting the dispute settlement system on track, continuation of moratorium on tax on electronic transmissions and negotiations on agriculture and fisheries subsidies, as their priorities for the 13th Ministerial Conference of the World Trade Organisation.

Consumption levels higher in hilly, southern and urbanised states

Urban-rural divide lowest in Kerala among big states

Modest fall in food’s share in consumption: Jayanth Varma

‘Unlikely to have much of an impact on CPI’

PM launches railway infra projects worth 41,000 cr

PRIME MINISTER NARENDRA Modi on Monday launched some 2,000 railways infrastructure projects worth ₹41,000 crore. The projects include redevelopment of 553 railway stations under the Amrit Bharat Station scheme at a cost of over 19,000 crore, and 1,500 road overbridges and underpasses across the country at a cost of around ₹21,520 crore.

Non-trade issues on agenda may unravel WTO, warns India

INDIA ON MONDAY warned that the attempts by the developed world to include \"non-trade issues\" in the agenda of the World Trade Organization (WTO) could lead to \"fragmentation\" of the multilateral trading system.

Fintechs seek easier listing norms, low-cost finance

FM asks regulators to address their concerns

Sharma quits Paytm bank’s board

ONE97 COMMUNICATIONS FOUNDER and CEO Vijay Shekhar Sharma on Monday stepped down from the board of Paytm Payments Bank, a move being seen as promoters deciding to keep an arm's length from the entity.Sharma also resigned as its part-time non-executive chairman.

FM, Jaishankar to contest LS polls

UNION MINISTER PRALHAD JOSHI on Monday said that his Cabinet colleagues and Rajya Sabha MPs Nirmala Sitharaman and S Jaishankar would contest the upcoming Lok Sabha elections, but the constituencies from where they would seek votes are yet to be decided.

Chandra not cooperating, Sebi tells SAT

Zee chairman emeritus denies charges; tribunal gives Sebi 10 days to reply