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Banking counters drag benchmarks

THE EQUITY BENCHMARKS fell close to 1% each on Thursday, with a selloff in financials dragging the indices.

January SIP contributions cross 18,000-crore mark

NET INFLOWS INTO open ended equity mutual funds (MFs) saw a 28% jump in January over December, data from the Association of Mutual Funds in India (AMFI) showed on Thursday.

Aadhaar-enabled payments: RBI to step up security

THE RESERVE BANK of India (RBI) on Thursday proposed to enhance the security of Aadhaar-enabled payment system (AePS) transactions. The central bank said it will streamline the process for onboarding of AePS service providers and introduce some fraud risk management measures.

PUTTING OFF PIVOT CAN RISK GROWTH

RBI pitches for active liquidity management

House panel raises concerns over TV channel price hikes

THE PARLIAMENTARY STANDING committee on communications and information technology has expressed concerns over a significant increase in television channel pricing by broadcasters and recommended more freedom of choice to consumers for selecting individual TV channels.

Microsoft to expand coding initiative

Code Without Barriers to upskill 75K women in India, says Nadella

Indian firm bags contract to make Airbus 220 doors

AIRCRAFT MAKER AIRBUS on Thursday announced awarding contract to Indian company Dynamatic Technologies for manufacturing all the doors for its next-generation narrow body A220 planes, giving a boost to the government's Make in India initiative.

Zomato beats estimates with 138-crore profit

FOOD-DELIVERY PLATFORM Zomato on Thursday posted its third consecutive quarter of net profit at 138 crore in the three months ended December, compared to a loss of ₹347 crore in the year-ago period. Consolidated revenue from operations during the quarter rose 69% year-on-year to 3,288 crore.

Unilever flags pricing pressure in Indian mkt

CONSUMER GOODS MAJOR Unilever says that the Indian market, its second-largest globally, might continue experiencing deflation in pricing within skincare and fabric cleansing, as commodity inflation eases.

Telecom spectrum worth 296,318 cr to be up for grabs

THE UNION CABINET on Thursday gave its approval for the next telecom spectrum auction across multiple bands at a reserve price of 96,317.65 crore.

India to oppose non-trade issues on WTO agenda

Abu Dhabi to hold 13th ministerial conference of WTO

ONGC Videsh in talks with Venezuela to get more crude

ONGC VIDESH (OVL), the overseas arm Oil and Natural Gas Corporation (ONGC), is in further discussions with the Venezuelan government to take crude cargoes in order to liquidate its pending dividends, chairman and MD Rajarshi Gupta said.

Govt tightens stock controls for wheat

TO IMPROVE SUPPLIES of wheat and prevent its hoarding, the government on Thursday halved the stockholding limits of the grain for traders, wholesalers, big retailers and processors, while extending the controls to March 31, 2024.

Passenger revenues of railways have stagnated over last decade

Growth below nominal GDP; freight growth even lower

NHAI raises 15K cr more via InvIT route

On track to raise over ₹45,000 cr from asset transfers in FY24

BAT signals stake sale in ITC

BAT, THE LARGEST shareholder in cigarettes-to-hotels major ITC, on Thursday said it was working towards selling some of its stake in the company.

Paytm didn’t comply on various parameters: RBI

THE RESERVE BANK of India (RBI) on Thursday stoutly defended its January 31 action on Paytm Payments Bank (PPB) by saying that there were compliance issues across various parameters, not just KYC.

RBI focus on the last mile

THE MONETARY POLICY Committee left the policy repo rate unchanged at 6.5% for the sixth straight meeting and stuck to its hawkish stance on Thursday, signaling that it's in no hurry to cut interest rates.

UPA plunged economy into a crisis: White Paper

THE CONGRESS-LED UPA government had plunged the economy into a \"crisis\" in 2014, and it took \"enormous\" effort by the Narendra Modi government to stabilise it and set it on the recovery/growth path, the finance ministry said on Thursday in a White Paper on the Economy tabled in Parliament.

Disney's investors seek clarity on streaming profits

Disney, Fox, Warner Bros Discovery to create joint sports streaming platform

Anand's Soviet-style academy students ready for global stage

BACK IN DECEMBER 2020, when India's first Grandmaster Viswanathan Anand started his chess academy, he had a modest dream: someone had \"to carry the torch forward\". Three years later, the torch is shining bright, with a queue of contenders ready to take on the mantle.

Congress dividing country, says PM

ON THE DAY Karnataka chief minister Siddaramaiah and his Cabinet colleagues protested in New Delhi against the alleged injustice in devolution of taxes to the southern states, Prime Minister Narendra Modi accused the Congress of trying to divide the country on northsouth lines.

Alibaba approves another $25 bn in buybacks

ALIBABA GROUP GREEN-LIT another $25 billion in stock repurchases, aiming to assuage investors worried about plateauing growth at a Chinese e-commerce and cloud pioneer struggling to fend off new rivals such as PDD.

Hamas proposes Gaza truce with total Israeli withdrawal

Blinken arrived in Israel after visit from Qatar, Egypt

Bolts missing from door, says Boeing blowout probe

A DOOR PANEL that flew off a Boeing 737 MAX 9 jet mid-flight on Jan. 5 appeared to be missing four key bolts, according to a preliminary report from US investigators that provided the first official look into how the frightening mishap took shape.

MFs' share in NSE firms rises to a new high

DOMESTIC INSTITUTIONAL INVESTORS have strengthened their holdings in listed entities, buoyed by inflows from retail investors.

UAE wealth fund plans $4-5-billion investments via GIFT City

ABU DHABI INVESTMENT Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5-billion fund to invest in India through the GIFT City in Gujarat, two sources with direct knowledge of the matter said.

Paytm shares jump 10%, hit upper circuit

SHARES OF ONE97 Communications, which owns the Paytm brand, climbed as much as 10% on Wednesday after media reported that the chief executive of the embattled digital payments firm had met the finance minister and Reserve Bank of India officials to try to resolve a regulatory crackdown on its payments bank business.

SGB issues for FY25 pegged 37% higher

This is equivalent to 40-45 tonne of additional gold at current prices

CV demand plunges to 7-quarter low

RELUCTANCE OF BANKS to lend and the upcoming general elections have led to a deceleration in demand for trucks with no hope for revival before June this year, say industry players.