CATEGORIES

Centre seeks nod for ₹78K-cr extra spending

THE CENTRE ON Monday sought Parliament approval for net extra expenditure of 78,673 crore for the current fiscal, out of a gross additional spending of 2 trillion in the final batch of supplementary demand for grants.

Norms eased for firms' voluntary dissolution

Stakeholders can now claim funds before the dissolution process

Buoyant demand pushes Jan services PMI to 6-month high

Notable upturn in new export orders

Direct spectrum allocation for pvt 5G being looked at

THE DEPARTMENT OF Telecommunications (DOT) is examining methodologies to directly allocate spectrum to enterprises like Infosys, Tejas Networks, Tata Communications, Tata Power, Larsen & Toubro, GMR, Capgemini, etc.

Staff advising merchants to move funds to other bank a/cs

PAYTM HAS DIRECTED its field sales staff to migrate merchant QR codes with Paytm Payments Bank (PPB) to accounts with other banks.

Banks to seek RBI comfort on partnering with Paytm

Lenders unsure about taking over merchant accounts

The new improved Udaan

FAST AND FURIOUS. That would describe the pace of growth at Udaan in its first few years. By March, 2021, the e-B2B player had cornered a big chunk of the market, built up a network of over 3 million users and onboarded over 25,000 sellers across 1,000 towns and cities.

Indian embassy staffer in Moscow spying for ISI held

THE UTTAR PRADESH AntiTerrorist Squad (ATS) has arrested an employee of the Ministry of External Affairs posted at the Indian Embassy in Moscow for allegedly spying for Pakistan's ISI.

Increase in private capex depends on demand: India Inc

AGREED MOHIT MALHOTRA, chief executive officer, Dabur India,\"Lowering of the fiscal deficit target clearly indicates that fiscal prudence is on top of the government's mind.

Modi unveils ₹11K-crore projects in Assam

PRIME MINISTER NARENDRA Modi during his visit to Guwahati on Sunday emphasised on the BJP's focus on developing Hindu religious sites.

The fine art of lying low

Here’s how ad agencies are combating tight money conditions

ls training an investment or expense?

Most companies treat training as an expense in balance sheets, but Say it’s an investment

Time to bet on long-duration bonds

Fall in bond yields will lead to capital appreciation

RBI unlikely to take rate action

THE RESERVE BANK of India (RBI)'s monetary policy committee (MPC) is likely to maintain the status quo on repo rate at 6.5% in its meeting scheduled between February 6 and 8,12 economists polled by FE said.

Scarcity of new issues drives EM corporate bonds to beat US peers

THE FIRST FIVE weeks of 2024 have produced an early winner for emerging-market traders: corporate bonds denominated in US dollars.

‘Musk took drugs with Tesla board members’

ELON MUSK'S USE of illegal drugs was common knowledge among several current and former Tesla and SpaceX directors, the Wall Street Journal (WSJ) reported on Saturday.

Foxconn warns of AI chip shortage

TAIWAN'S FOXCONN, APPLE'S biggest iPhone assembler and the world's largest contract electronics maker, expects its business this year to be \"slightly better\" than last year but is facing a shortage of chips for AI servers.

Houthis vow response after airstrikes by US, UK

THE UNITED STATES and Britain launched strikes against 36 Houthi targets in Yemen, in the second day of major US operations against Iran-linked groups following a deadly attack on American troops last weekend.

Steel firms fear Red Sea crisis may hit exports

THE RED SEA crisis is likely to emerge as a grave concern for Indian steel manufacturers and could impact exports if it persists.

FMCG firms bet on rural revival

Direct cash transfers, subsidies likely in the full Budget, say CEOs

Adani Group may demerge airports business in five years

THE ADANI GROUP plans to demerge its airports division within the next three to five years, aiming to become India's largest airport operator.

ED probe touches Indian owners of offshore firms

RECORDING OF STATEMENTS to seizure of assets; summons to searches of premises; getting details from I-T department and RBI and detection of money laundering violations.

Farm-gate, inter-mandi sales on eNAM platform

WITH MORE STATES opening up agricultural or facilitating trade of commodities on the electronic Market National Agriculture (eNAM), there has been a spurt in trading among various markets within the state as well as at the inter-state level.

Oil PSUs to invest ₹1.2 trn in FY25

CONGC, IOC AND other state-owned oil firms will invest about 1.2 trillion in FY25 in oil and gas exploration, refineries, petrochemicals and to lay pipelines to meet the needs of the world's fastest-growing energy-consuming nation.

Same agency can resolve insolvency of firm, guarantor

IN AN ATTEMPT to bring harmony and reduce delays, the Insolvency and Bankruptcy Board of India (IBBI) has allowed the appointment of the same insolvency professional (IP) in the resolution or liquidation process of the corporate debtor (CD) and its personal guarantor (PG).

Professional any number bodies can take up of insolvency cases

THE INSOLVENCY AND Bankruptcy Board of India's (IBBI) has taken a host of steps to rationalise the regulatory framework for insolvency professional entities (IPEs).

Auto fuel prices unlikely to be cut before April

Prices have not been raised since May 2022

The Ashok, land parcels to be leased out in single deal

THE MONETISATION OF The Ashok and two vacant land parcels that the India Tourism Development Corporation (ITDC) hotel has in the heart of Lutyens' Delhi will likely be structured as a single deal.

Bharat Mobility likely to co-exist with Auto Expo

To be an annual event, announces commerce minister

At Jaipur litfest, fashion makes a splash as well

JAIPUR LITERATURE FESTIVAL, regarded by many as the 'greatest literary show on Earth', is not just an annual congregation of the who's who of the art and cultural world, but it also brings together the diversity that exists among the page 3 glitterati, who parade through the venues and streets of Jaipur highlighting their own personal sense of style as well as expression.