CATEGORIES

RBI crackdown: Paytm loses ₹17,000 crore in two days

THE SHARES OF One97 Communications, Paytm's parent company, slumped 20% for the second day in a row, wiping out over 17,000 crore ($2 billion) of investor wealth in just two trading sessions.

Byju's leadership rallies behind Raveendran

Says investors have no right to vote on management change

'GOVT SETTING REALISTIC GOALS ON DEFICIT, PUBLIC DEBT' Era of rigid targets over: FS

THE RELEVANCE OF \"very specific and very rigid\" targets for budget deficits and public debt is becoming questionable globally, finance secretary TV Somanathan said on Friday, adding that rather than setting \"Utopian goals\" and then deviating from them, the government would set realistic ones and meet them.

RIL, Bodhi Tree to buy 60% in Disney India

Ambani’s Viacom 18, Walt Disney’s unit seek to merge ops

EU approves 50 billion in new aid for Ukraine

Earlier, Hungary had threatened to veto the move

Auto sales touch all-time high in Jan

Month records 14% y-o-y increase to 394,571 units

E-comm catching up on search?

Brands are spending more on e-commerce ads than ever before

Bond yields to trend down by 50 bps in next 6 months

Inclusion in global indices to result in more demand

Transport network remains a thrust area

THE TRANSPORT INFRASTRUCTURE in sectors like railways, aviation and electric buses will continue to be a focus area of the government, with the interim Budget laying a clear road map for strengthening these networks.

Solar, wind gain big in green economy push

VGF to harness offshore wind energy potential

Dairy, fisheries production to get a fillip

THE DAIRY SECTOR will soon geta comprehensive programme to boost milk production, while implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) will be stepped up to benefit the fisheries sector, finance minister Nirmala Sitharaman announced on Thursday.

Scheme in the works for self-reliance in edible oils

Nano-DAP fertiliser in all agro-climatic zones soon

Promise of golden era for tech-savvy

IN A BID to address the aspirations and concerns of India's young population, finance minister Nirmala Sitharaman laid strong emphasis on the country's youth in the interim Budget.

Govt housing guarantee foundation gets stronger

20 million houses for rural; scheme for middle-class

Bond market may draw India Inc as Centre begins to step back

Bond yields fall 8 bps after gross borrowing slashed

No separate target for disinvestment receipts

THE GOVERNMENT HAS DONE away with a separate disinvestment revenue target in the Budget for 2024-25 by adopting a calibrated disinvestment strategy that aims to maximise gains for the exchequer without chasing a goal.

Sharp fiscal correction to help ease debt reduction

Fiscal deficits for FY24 and FY25 set at 5.8% and 5.1%

GDP redefined: 'Governance, development, performance'

Union Finance minister Nirmala Sitharaman on Thursday presented a record sixth Budget, which she said adhered to the tradition of pre-election interim Budget, yet made a broad announcement of an action plan reflecting the confidence of the Narendra Modi government to return to power to implement them.

More startups to get tax concessions

1,500 PENDING APPLICATIONS LIKELY TO BE CLEARED BY MARCH

Gross tax revenue to grow 11.5%, buoyancy to ease

New manufacturing units won't get 15% tax extension

Vote for fiscal prudence

No big giveaways in election-year Budget | Push for rural housing | 15% tax on new manufacturing units ends

Al-based résumés take centre-stage

Over 80% of hiring managers say text-based résumés will vanish soon

Court allows prayers in cellar at Gyanvapi site

SIX DAYS AFTER it handed litigants copies of an Archaeological Survey of India's report which stated that \"there existed a Hindu temple prior to the construction\" of the Gyanvapi mosque, the Varanasi district court Wednesday directed that a priest be allowed to perform pooja in the southern cellar of the mosque complex.

BoB beats profit estimates in Q3

Shares hit y52-week high in the day

US polls 2024: Haley goes after Trump, Biden in 'grumpy old men' campaign

TWO CURMUDGEONLY OLD rivals, reclusive spendthrifts, are marching toward a showdown that a lot of people really wish wasn't happening. If that is the plot of a slapstick comedy, it's also the latest knock from Nikki Haley on former President Donald Trump and President Biden as she fights for oxygen ahead of the Republican primary in South Carolina on February 24.

Boeing cuts its Q4 loss to $30 mn, delays '24 outlook

BOEING POSTED Anarrower-than expected quarterly loss on Wednesday and said it is working hard to regain the confidence of regulators and customers after a mid-air cabin panel blowout on a 737 MAX aircraft, lifting its shares 3.3%.

AI hopes: Google, AMD and Microsoft struggle

All three firms took pains to highlight their progress on AI

Musk's $55-bn pay package voided, risking record fortune

ELON MUSK'S $55 billion pay pack-age at Tesla was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk's wealth and put the fate of his companies in question. That is if the ruling survives a likely appeal.

Hit by high prices, India's gold demand lost shine in 2023

INDIA'S OVERALL GOLD demand in calendar year 2023 saw a decline of 3% to 562.3 tonne as high prices of the yellow metal dampened buyer spirit. In the last quarter (Q4), it fell 4% to 266.2 tonne, according to the Gold Demand Trend released by the World Gold Council (WGC) on Wednesday.

Banks look to bring down CD ratio

BANKS ARE LOOKING to bring down their elevated credit-deposit (CD) ratio in the coming quarters. The CD ratio of several banks, including HDFC Bank, IDFC First Bank and some small finance banks, has gone above 100%, which is higher than the industry average of 80%.