CATEGORIES

Speciality steel PLI: Firms to invest ₹10k cr in FY25

Amount is over and above ₹16,000 crore expected in FY24

WPI inflation eases in Jan

INDIA'S WHOLESALE PRICE index (WPI) based inflation eased to a three-month low of 0.27% in January due to moderation in prices of key food and industrial input items, data by the commerce ministry showed on Wednesday.The fall was also aided by the statistical effect of a high base.

Cloud over SpiceJet fund infusion

LOW-COST CARRIER SPICEJET is stuck in turbulent weather, with investors reportedly having second thoughts on their commitment to infuse 2,250 crore on a preferential basis.

Affordable housing needs Centre’s push, say realtors

WITH AFFORDABLE HOUSING losing its sheen in the past couple of years, top property realtors believe that intervention from government, in terms of subsidy schemes for borrowers or reduction in interest cost for land acquisition is the only way to revive interest in it.

'If liquidity is short, interest rates will remain high'

Although the Centre's market borrowings will be smaller in FY25, State Bank of India chairman Dinesh Kumar Khara believes lenders will find it hard to pass on any rate cuts by the central bank if they are short on deposits. Excerpts from an interview with Ajay Ramanathan and Shobhana Subramanian.

Mastercard, Visa halt commercial card payments

Non-KYC compliance, laundering suspicion likely behind RBI action

IPL 2024: Disney, Viacom ready separate ad plans

DISNEY STAR AND Viacom18 will compete for a share of the Indian Premier League's (IPL) viewership and advertising for a second year in a row.

Investment to digital payment: India, UAE sign multiple pacts

PM to inaugurate the country's first Hindu temple today

Ashok Chavan joins BJP after quitting Cong

FORMER MAHARASHTRA CHIEF minister Ashok Chavan on Tuesday joined the BJP in the presence of Deputy Chief Minister Devendra Fadnavis and state party president Chandrashekhar Bawankule, saying that it was \"not easy\" to switch sides after his 38-year association with the Congress.

Paytm hits lifetime low after rating downgrade

SHARES OF PAYTM parent One97 Communications on Tuesday fell 10% to a lifetime low of 380.15 on the National Stock Exchange after brokerage firm Macquarie Capital Securities downgraded its rating on the stock to 'Underperform' from 'Neutral'.

India's ad revenue expected to cross 1.5 trn in 2024

INDIA'S ADVERTISING REVENUE in 2024 is expected to reach 1.55 trillion, recording a 10.2% growth over 2023, according to GroupM India's annual This Year Next Year (TYNY) report.

'Skilling weavers will give us an edge'

Titan Company’s Taneira wants to bea one-stop shop for women’s ethnic wearand become a 1,000-crore brand by 2027. Ambuj Narayan, CEO, Taneira, tells Christina Moniz how the brand is working to attract younger customers to be able to reach that target. Edited excerpts:

US Senate passes 95 bn aid bill for allies

THE DEMOCRATIC-LED US Senate on Tuesday passed a $95.34 billion aid package for Ukraine, Israel and Taiwan, though it faced an uncertain path ahead in the Republican-controlled House of Representatives.

Pak poised for Nawaz Sharif 4.0

PML-N chief was in power in 1990, 1997 2013 but never completed his terms

Societal misalignments could pose AI dangers: Altman

THE CEO OF ChatGPT-maker Open AISam Altman on Tuesday said that the dangers that keep him awake at night regarding artificial intelligence are the \"very subtle societal misalignments\" that could make the systems wreak havoc.

Retail traders losing real big in booming options market

LIKE A MOVIE star at a premiere, Mohammad Nasiruddin Ansari steps out of the back seat of a white Mercedes. Flanked by a phalanx of black-clad bodyguards, he strides into the lobby of a luxury hotel and takes centre stage in a ballroom as indoor fireworks machines spew fountains of sparks.

India-China gap narrows in MSCI index

Revision in the MSCI’s Global Standard index could lead to 1.2-bn passive flow

Amid online clutter, paper greeting cards ona comeback trail

Industry growth seen at 0.9% CAGR from 2023 to 2030

Carmakers offer discounts to clear 2023 stock

UNSOLD STOCK OF cars made in 2023 has prompted dealers and automakers to offer unusually high discounts to clear the inventory.

Zee embarks on new phase after Sony merger collapse

ZEE ENTERTAINMENT WILL look to turn over a new leaf following its failed merger with the Sony Group Corporation's Indian unit, Zee MD & CEO Punit Goenka said in an earnings' call on Tuesday.

Hindalco profit up 71% as aluminium, copper shine

HINDALCO INDUSTRIES HAS posted a 71.1% rise in consolidated net profit at 2,331 crore for the third quarter ended December 31, driven by a strong performance of its aluminium and copper businesses. The Aditya Birla Group company had posted a net profit of 1,362 crore for the same quarter of the previous financial year.

JSW, JFE plan €5,500-crore steel facility

SAJJAN JINDAL-LED JSW Steel and Japan's JFE Steel Corporation have set up a joint venture firm to manufacture cold-rolled grain-oriented (CRGO) electrical steel in India with an investment of ₹5,500 crore.

Separate HS codes likely for exports of GI rice varieties

TO BOOST EXPORTS of geographical indication (GI) tagged rice varieties, the government is likely to allocate separate harmonised system of nomenclature (HSN) codes, a commerce ministry official on Tuesday said. The HSN code is a numerical classification used in global trade.

States' capex jumps 40%

AIDED BY INTEREST-FREE loans from the Centre, capital expenditure by states jumped by 40% on year in the first nine months of the current financial year compared with a 7% rise in the year-ago period.

IGL eyes diversification in CGD, renewables sectors

INDRAPRASTHA GAS (IGL), a state-run natural gas distribution company, is confident of meeting the government's mandated target of 5% compressed biogas blending with piped natural gas to households and compressed natural gas for the transportation sector, according to MD Kamal Kishore Chatiwal.

Can't bring MSP law in a hurry: Govt

TO PACIFY A group of protesting farmers, Union agriculture minister Arjun Munda on Tuesday said the Centre is willing to discuss all issues associated with farmers'welfare with an 'open' mind. Agitating farmers are seeking a guaranteed minimum support price (MSP) for all farm produce.

Stakeholders in liquidation process, says IBBI to be directly involved

THE INSOLVENCY AND Bankruptcy Board of India (IBBI) has amended its regulations to facilitate liquidation cases in a more transparent manner.

Smart cities yet to become a reality

Nearly 400 projects worth ₹23,814 crore remain stuck

Core inflation seen below 4% in near term

Continued pass-through of RBI policy actions aids decline, say economists

Govt mulls component scheme

Incentive plan to check imports and increase electronics exports