CATEGORIES

Sikkim has achieved extensive financial inclusion, says FM

UNION FINANCE MINISTER Nirmala Sitharaman on Saturday lauded the Sikkim government for helping the Himalayan state achieve extensive financial inclusion, covering remote villages and habitats.

E-way bill without B2B e-invoice details to be blocked from March 1

BUSINESSES WITH TURNOVER above 5 crore will not be able to generate eway bill without including einvoice details for all B2B transaction from March 1.

Unicommerce becomes latest tech startup firm to file for IPO

The offer includes secondary sale of up to 29.8 m shares

'INDIA to decide upon posts in 10 days'

CONGRESS MALLIKARJUN PRESIDENT Kharge on Saturday said leaders of INDIA parties would take a decision within 10-15 days on allocation of posts in the Opposition bloc, remarks that come amid speculation that the alliance could pick a convener ahead of the Lok Sabha elections.

Delhi's per capita income rises over 14% to ₹4,44,768

DELHI'S PER CAPITA income increased from ₹3,89,529 to 4,44,768 in the current financial year, which is 158% higher than the national average, chief minister Arvind Kejriwal's government said on the release of its Statistical Handbook-2023 on Saturday.

ISRO puts Aditya-L1 spacecraft in final destination orbit

IN YET ANOTHER success, India's first solar mission craft Aditya L1 on Saturday reached its destination, the L1 point, about 1.5 million kilometres from Earth from where it will orbit the Sun and study its wonders, uninterrupted by eclipses and occultations.

Navy trying to hunt down pirates involved in hijacking attempt

Naval warship to escort MV Lila Norfolk for onward journey

Luxury cars shifting gears from diesel to petrol

THE INDIAN LUXURY car market has shifted away from being predominantly diesel to petrol engine.

Shipping costs up 60%: Trade body report

PREDICTING THAT THE crisis in the Red Sea could be a prolonged one, with shipping costs going up by 40-60%, and insurance premiums up by 1520%, trade policy think tank Global Trade Research Initiative advised in a report released Saturday that the government must step in with support to exporters.

VinFast to invest $2 billion in TN

VINFAST, VIETNAM'S LEADING electric vehicle (EV) manufacturer, has committed a total investment of up to $2 billion for an integrated electric vehicle facility in Tamil Nadu.

More accountability for pharma firms

Govt notifies new quality control norms

Corporates getting boardroom ready with botox

RECENTLY WHEN 34-YEAR OLD Sanket (name changed), a senior marketing lead at an MNC in Gurugram, was to travel to Mumbai for an international conference, he visited a dermatologist to look his best.

Most-valuable stock title of Apple at risk

Tech giant hit by downgrades, low demand in China

Adhir fumes at 2-seat offer, hits out at TMC

THE PRECARIOUS INDIA alliance in West Bengal suffered another jolt Thursday, with state Congress president Adhir Chowdhuty lashing out at TMC chief Mamata Banerjee, saying his party was not dependent on her mercy”.

Tresa to drive in 200-600 km range e-trucks

EV STARTUP TRESA Motors is building heavy and medium electric commercial vehicles that will have a range of 200600km -the first such e-trucks in the country, it claims.

RBI tightens norms for short-term CPs, NCDs

THE RESERVE BANK of India has tightened rules for the issuance of short term Commercial Papers (CPs) Debentures and Non-Convertible (NCDs), with an initial maturity of up to one year.

Maersk diverts all ships away from Red Sea

Company concludes security risk remains significantly elevated

Providing location data to the world

HERE Technologies tops Counterpoint’s location platform effectiveness index for 2023

The SUV that started it all

A brief history of an SUV that drove the car market the all-new Creta will be launched on January 16

RBI seeks 2 new names for Federal Bank MD, CEO post

Current MD CEO Shyam Srinivasan’s tenure ends in Sept

HDFC Bank Q3 advances rise 62%

HDFC BANK'S GROSS advances surged 62.4% to 24.69 trillion in the October-December quarter of the current fiscal from 15.2 trillion in the same quarter previous year.

Mobikwik refiles DRHP;issue size cut to ₹700 cr

FINTECH MAJOR MOBIKWIK has filed the Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to raise 700 crore through an initial public offering (IPO).

Lodha posts best-ever Q3 pre-sales of ₹3,410 cr

MUMBAI-BASED PROPERTY DEVELOPER Lodha said on Friday it delivered its best-ever third quarter pre-sales at 3,410 crore. Collections for the quarter stood at 2,594 crore. Its best-ever quarterly sales came in Q2FY24, at ₹3,530 crore.

GIFT City gives nod to Premji fund to invest overseas

INDIA'S GUJARAT INTERNATIONAL Finance Tec-City, or GIFT City, has given approval to billionaire Azim Premji's wealth fund to set up a family investment fund in the financial hub, two sources with direct knowledge of the matter said.

Red Sea crisis will hit car deliveries in Q4, says Audi

AUDI INDIA HAS become one of the first carmakers to have been impacted by the Red Sea crisis. Balbir Singh Dhillon, head of Audi India, told FE car deliveries in the January-March 2024 quarter are likely to be delayed as there has been an average of two-week increase in shipping time of car parts from the Americas and Europe to India.

Kia selects India as hub to make new mass market EV

INDIA COULD BECOME the exclusive manufacturing location of Kia's smallest all-electric car globally, which is set to debut in 2025.

Marico, GCPL eye growth in single digits

CONSUMER GOODS COMPANIES Marico and Godrej Consumer (GCPL) expect low to mid-single-digit underlying volume growth in domestic businesses in the December quarter (Q3), as the sector continues to see a slow rural revival.

Govt may provide ₹12-14k cr more for MGNREGS this fiscal

WITH THE EXTRA allocation of 16,000 crore in the first supplementary demand for grants almost exhausted, the Centre may provide another 12000-14000 crore for the flagship Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the revised estimate for the current fiscal in the budget on February 1, sources told FE.

Navy ship intercepts hijacked vessel in Arabian Sea, commandos start ops

Around a dozen Indians onboard MV Lila Norfolk

Discrepancies inflate FY24 GDP growth figure

THE 7.3% GDP growth projection for FY24 by the National Statistical Office (NSO) takes into account a positive ₹2.94 trillion contribution of discrepancy, which after allocation, may result in a lower growth number, say economists.