CATEGORIES

Centre invites farmer groups for fifth round of negotiations

THE PROTESTING FARMERS' groups on Wednesday decided to halt their march into Delhi demanding legal guarantee for procurement of minimum support price (MSP) crops and farm loans waiver for two days.

Govt eases FDI norms in space sector

THE GOVERNMENT ON Wednesday liberalised foreign direct investment (FDI) in the space sector allowing up to 100% external participation in satellite manufacturing, launch vehicles and components.

Manpower shortage holds back advance pricing deals

THE GOVERNMENT'S PLAN to fast-track negotiations relating to Bilateral Advance Pricing Agreements (BAPAS) is being thwarted by the lack of requisite expertise and manpower to conclude the process, sources aware of the matter told FE.

CCEA approves 8% increase in cane fair price

THE GOVERNMENT ON Wednesday approved 8% hike in fair and remunerative price (FRP) of sugarcane to be paid to farmers for the 2024-25 season (October-September) to ₹340 per quintal. This is one of the steepest hike in FRP in recent years. Last year, the government had hiked FRB for sugarcane by only 3%.

Hanooman takes AI leap in March

A CONSORTIUM BACKED by Reliance Industries and the country's top engineering schools aim to launch its first ChatGPTstyle service next month, a big step in the India's ambitions to become a player in the field of artificial intelligence (AI).

Intel Foundry clicks on Wipro for chip design

WIPRO ON WEDNESDAY announced an expanded partnership with Intel Foundry for chip design. As the design services and alliance partner, Wipro will help Intel Foundry develop its most advanced process nodes, including the Intel18A process node.

Court breather for Byju's ahead of EGM fireworks

Karnataka HC gives interim relief to edtech firm

Wider Sebi probe shadow over Zee

THE ZEE ENTERTAINMENT stock crashed 15% on the Bombay Stock Exchange, touching ₹164.50 at the end of Wednesday's trade, following reports that the Securities and Exchange Board of India (Sebi) has widened the scope of its ongoing investigation into the company.

SC quashes Chandigarh mayoral election results

THE SUPREME COURT Tuesday quashed and set aside the result of the January 30 mayoral polls for the Chandigarh Municipal Corporation in which the presiding officer had named BJP's Manoj Sonkar as the winner, and instead declared Kuldeep Kumar, the AAP-Congress coalition candidate as the validly elected candidate.

AI Express launches cabin bag-only fares

Complimentary 3 kg cabin baggage also allowed for flyers

RUrban play fuelling growth for Nestlé

IN 2021, NESTLÉ India declared that it would spread its reach to 120,000 villages by 2024 by sprucing up its rural distribution channels. Suresh Narayanan, chairman & MD, had then said that rural is an important dimension for the next phase of Nestlé.

Back on the pitch

Will WPL score higher on viewership and ad revenue this year?

Fed's 'golden path' to soft-landing led by productivity boom

WALL STREET ECONOMISTS are looking for the post-Covid boom in productivity to continue, which would sustain strong growth without a pickup in inflation. Federal Reserve officials are intrigued by the idea, but a little bit skeptical.

Navalny's mother asks Putin for her son's body

LYUDMILA NAVALNAYA, THE mother of dead Russian opposition leader Alexei Navalny, demanded on Tuesday that President Vladimir Putin hand over her son's body so she could bury him.

Walmart Q4 earnings shine as it readies $2.3-bn Vizio acquisition

WALMART KICKED OFF US retailers' reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocked to its stores, and said it would buy smart-TV maker Vizio for $2.3 billion.

Nvidia pips Tesla, now most traded Wall Street stock

CHIPMAKER NVIDIA IS replacing Tesla as Wall Street's most traded stock, adding to its prominence after becoming the third-most valuable US company and showing more evidence of how central AIrelated bets have become to investors.

Capital One to buy Discover Financial in $35.3-billion deal

Merger would form the sixth-largest US bank by assets

LVB acquisition boosts DBS Bank’s retail credit

DBS BANK INDIA is likely to clock a 12-15% year-on-year (YoY) growth in overall advances and 25% increase in deposits during the current fiscal, Prashant Joshi, MD and head of consumer banking India operations, told FE in an interaction.

Market rally continues; Nifty hits new peak

BENCHMARK SENSEX SPURTED by 349 points while Nifty scaled a fresh lifetime high on the sixth straight day of gains on Tuesday, driven by buying in banking and select FMCG shares.

Some banks improve CASA ratios while the sector struggles

AT A TIME when the banking sector is facing the problem of declining current account-savings accounts (CASA), few lenders have bucked the trend by improving the share of these accounts. Bank of Baroda, Bank of India, Yes Bank, IDFC First Bank, Punjab & Sind Bank, Tamilnad Mercantile Bank and DCB Bank have witnessed quarter-on-quarter increase in their CASA ratios for the third quarter.

To stay resolute on 4% inflation target: Das

THE RESERVE BANK of India's (RBI) monetary policy committee (MPC) will stay resolute in its goal to align headline inflation with 4% target on a durable basis, Governor Shaktikanta Das in the foreword to the RBI's monthly bulletin.

India's AI market projected to hit $17 billion by 2027

INDIA'S ARTIFICIAL INTELLIGENCE (AI) market is projected to grow at a 25% CAGR to reach about $17 billion by 2027.The growth will be fuelled by multiple factors such as rising enterprise tech spending and growing AI talent base and investments.

Novelis files draft IPO papers in US

NOVELIS INC, THE US subsidiary of Hindalco Industries, said on Tuesday it has filed a draft registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).

Meagre growth in warehousing rents in 2 years

WHEN PHOENIX MILLS shelved its warehousing plans after appointing a team and buying a land parcel in Haryana, it was not without a reason.

At $9.8 billion, Mahindra EV tops Tata rival in valuation

THE ELECTRIC VEHICLE (EV) arm of Mahindra & Mahindra (M&M) has left Tata Motors' rival behind as far as valuation is concerned. While Mahindra's EV arm's valuation in August 2023 stood at 80,580 crore ($9.8 billion), Tata Passenger Electric Mobility's (TPEML) was last valued at around 68,250 crore in October 2021.

Why Centre's MSP package failed to enthuse protesting farmers

THE INCENTIVE FOR farmers in Punjab and Haryana in the form of \"assured\" purchases of key pulses at MSP haven't found favour with the agitating farmers in the state because these might not boost their incomes significantly.

Govt: Onion exports ban to continue till March 31

THE BAN ON onion exports will continue till the end of the current fiscal while shipment of essential vegetables is allowed on request from countries, a senior official said on Tuesday.

Indian delegation to visit UK for FTA talks

Both parties target a breakthrough in latest round

Expect a reasonably-low headline inflation: Finmin

WITH THE STABLE downward movement in core inflation and moderation in food prices, economists in the finance ministry said that the outlook for a reasonably low headline inflation rate is good.

FM to meet heads of fintech firms next week; compliance on agenda

FINANCE MINISTER NIRMALA Sitharaman will meet the heads of prominent fintech firms, including payment apps and loan apps, on Monday with a view to addressing their concerns following the curbs imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank (PPBL) and urge them to comply with the relevant regulations.