CATEGORIES

Two Jet directors quit citing 'risk to individual position'

A DAY AFTER the Supreme Court directed Jalan-Kalrock consortium (JKC), the owners of Jet Airways, to deposit a further ₹150 crore into an escrow account, two directors of the grounded carrier have resigned citing'risk to individual position'if they have continued on the board.

Advertisers in tight spot as Zee-Sony deal falls through

SONY GROUP'S DECISION to walk away from a $10 billion Indian media merger will put large advertisers such as Unilever and Procter & Gamble in a bind. To reach the country's 1.4 billion population they may have no option except to go through a prospective rival.

Sony's move on deal sends Zee in free fall

Stock sees 32.73% fall, eroding ₹7K cr in m-cap

Exports from Gujarat down by 8% in Apr-Dec

STRUGGLING WITH THE global economic instability and demand crunch due to the ongoing geo-political crises in Europe and West Asia, the exports from Gujarat, the highest exporting state contributing onethird to the total exports from India, registered a 8% decline in total exports between April 2023-December 2023 of FY24.

'MFIs will continue to face misperception'

THE MICROFINANCE INDUSTRY will continue to battle the regarding the misperception sustainability of their businesses, Muthoot Microfin chief executive officer Sadaf Sayeed said on Tuesday.

State-run oil firms may report drop in Q3 profit

Inventory losses, lower refining margins may impact numbers

No tresh stake sale in LIC in near future

Govt to wait till market rewards IPO subscribers

DoT seeks nod for interim spectrum allotment to telcos

WITH A CERTAIN quantum of spectrum held by Bharti Airtel and Vodafone Idea due for renewal next month (at the end of the 20-year lease period), the department of telecommunications (DOT) has sought the Cabinet's approval for fresh allotment on an administrative basis till the time auctions are conducted.

Centre's capex growth may slow in FY25: India Ratings

THE CENTRE'S CAPITAL expenditure growth may slow down to 12% in FY25 from 37.4% pegged in the Budget for FY24, India Ratings and Research (Ind-Ra) said in a report.

Govt raises import tariffs on gold, silver to curb surge in shipments

THE FINANCE MINISTRY has raised import duties on gold to 15% from 10%. The higher tariffs, which took effect on Monday, are aimed at curbing the surge in imports of the yellow metal.

Deep cuts on D-St

Slide after India pips HK in m-cap; HDFC, RIL lead fall

Firm to slash valuation by 90% to raise fresh funds

BYJU'S, ONCE COUNTED among the world's most valuable startups, is seeking to raise funds at a discount of more than 90% from its previous round to alleviate its financial problems.

Byju's FY22 losses jump 80% to ₹8,245 crore

Whitehat Jr, Osmo contribute to 45% of the losses

Ram is for everyone, says Modi

MARKING A MILESTONE in India's socio-political history, Prime Minister Narendra Modi led the nation Monday in the consecration of the idol at the new Ram temple in Ayodhya, underlining that it is an inspiration to \"move towards a brighter future\", and that \"Ram is not vivaad (dispute); Ram is the samadhan (solution). Ram is for everyone\".

Hotspot Ayodhya to see 50 mn tourists: Jefferies

THE CONSECRATION CEREMONY at the Ram temple in Ayodhya is a landmark moment in India's cultural history and offers many opportunities to the tourism sector to flourish, according to a report by Jefferies.

RIL: Oil-to-chemicals numbers to improve

Restocking could lead to a significant uptick in profit margins

'World may miss May deadline for pandemic accord'

COUNTRIES RISK MISSING a May deadline for agreeing a legally binding treaty on fighting pandemics, which would be a big blow for future generations, the head of the World Health Organisation (WHO) said on Monday.

FAA checks on another Boeing 737 model

SCRUTINY OF BOEING'S manufacturing quality expanded after federal regulators told airlines to check the door plugs on a second 737 model, where operators have also found issues with fasteners.

Hong Kong stocks at discount show depth of China gloom

A ROUT IN Chinese stocks listed in Hong Kong intensified on Monday, pushing their discount to mainland peers to the deepest in 15 years in the latest sign of growing pessimism among international investors.

Pvt banks face compression in NIM amid higher cost of funds

Any improvement in NIMs in Q4 unlikely as liquidity is still tight

Mobilising deposits & cyber security key challenges for banks'

Mobilising deposits and cyber security risks are the two biggest challenges for banks, Keki Mistry, former VC & CEO at HDFC and additional and non-executive (non-independent) director at HDFC Bank, tells Piyush Shukla and Ajay Ramanathan.

Udaan CFO quits, joins InterGlobe as CEO

UDAAN ON MONDAY said its group chief financial officer Aditya Pande has stepped down from his role, adding to the list of toplevel exits at the B2B e-commerce startup.

5G rollout delay: Voda Idea, Adani may be penalised

VODAFONE IDEA AND Adani Data Networks have been sent show-cause notices by the department of telecommunications (DoT) over failing to meet minimum rollout obligations related to 5G spectrum.

Zee investors may call EGM to reshuffle board

SONY GROUP'S DECISION to terminate its proposed merger with Zee Entertainment brings into focus the role of institutional investors at Zee, who were backing the $10-billion merger.

More govt aid to fisherfolk likely

THE CENTRE MAY unveil a new scheme or enhance one of the existing schemes to improve the welfare of a \"target beneficiary group\" ahead of the general election, a person privy to the matter told FE.

Centre may not rethink duty remission scheme

THE UNION GOVERNMENT does not intend to relook at its Remission of Duties and Taxes on Products Exported (RODTEP) scheme after the United States (US) and the European Union (EU) last year imposed countervailing duties on four Indian products citing breach of World Trade Organization (WTO) norms, a government official said.

Jeera prices drop 50%, may fall more

THE AVERAGE MANDI prices of cumin seeds (jeera) have declined by 50% to ₹300 per kg from ₹600 per kg in October at Unjha in Gujarat, the hub of the trade, because of anticipation of a bumper harvest, traders said.

Real estate firms pay ₹1,500-cr GST on royalty receipts

SEVERAL REAL ESTATE companies across India have paid over ₹1,500 crore as goods and services tax (GST) to the government in the past few months for intra-group transactions related to royalty payments for brand name usage, a government official told FE

Rural wages yet to show recovery signs

Real rural wages shrink in 21 of 23 months to Oct 2023

Govt likely to meet telecom receipts target of ₹90K cr

AFTER HAVING MET the FY23 communication receipts target of about ₹69,000 crore by showing notional gains from 4G spectrum allotment to BSNL, the department of telecommunications (DoT) is again expected to achieve an even higher target of around ₹90,000 crore for FY24. This would be through non-cash receipts of ₹40,000 crore from BSNL for 4G/5G spectrum allotment.