CATEGORIES

Japan earthquake toll climbs to 55

AT LEAST 55 people were killed after a powerful earthquake hit Japan on New Year's Day, with rescue teams struggling on Tuesday to reach isolated areas where buildings had been toppled, roads wrecked and power cut to tens of thousands of homes.

Bitcoin tops $45,000 for the first time in nearly two years

BITCOIN SURPASSED $45,000 for the first time in nearly two years as anticipation of an approval of an exchange-traded fund investing directly in the biggest token intensified.

RBI proposes tighter dividend payout guidelines for banks

THE RESERVE BANK of India (RBI) on Tuesday floated a draft circular proposing to tighten dividend payout guidelines for domestic and overseas banks operating in India.

Unseasonal rains impact December tractor sales

DOMESTIC TRACTOR VOLUMES recorded their worst monthly fall in December in nearly 24 months.

Higher platform fee may help Zomato pass on GST burden

THE HIGHER PLATFORM fee food delivery firm Zomato is will charge would partially offset the impact of GST on delivery charges, in case the company is liable to pay any, analysts have said

ICC TV rights: Disney Star in a fix over $1.5-bn deal with Zee

DISNEY STAR, WHICH had sublicensed television rights for the 2024-27 ICC tournaments to Zee for $1.5 billion in August 2022, may now have to broadcast the events on its channels, in the absence of a closure of the deal, top media sources have told FE.

PM inaugurates new terminal at Trichy airport

PRIME MINISTER NARENDRA Modi inaugurated a new terminal building at Tiruchirappalli International Airport in Tamil Nadu.

FTAs: India may give more than it gets

GTRI debunks notion that new set of pacts will benefit India

FMCG firms get a flurry of GST demand notices

NESTLE INDIA AND Asian Paints joined an increasing list of fast-moving consumer goods (FMCG) companies to receive tax notices for discrepancies in payment of Goods & Services Tax (GST) for FY17-18.

Govt reviewing onion export ban

WEEKS AFTER THE imposition of a ban on onion exports, the government is assessing the situation and is likely to reconsider the decision to stem sharp fall in the mandi prices of the vegetable.

SEZs allowed to move IT imports to DTA hardware

THE GOVERNMENT HAS eased rules governing IT hardware imports by allowing units in the Special Economic Zones (SEZ) to freely move equipment to domestic tariff area (DTA) subject to certain conditions.

Tax revenues may remain robust in 2024-25 as well

Widening tax base, enforcement behind high H1 buoyancy

No extra tariffs on steel exports to US

INDIA AND THE US have agreed on the terms for joint monitoring of the former's steel and aluminium exports to the world's largest economy, without being subjected to additional duties.

FY25 fiscal deficit target likely at 5.2%

To further rein in revenue expenditure-GDP ratio

Isro launches XPoSat to study black holes

ISRO ON MONDAY ushered in 2024 with the successful launch of its first X-Ray Polarimeter Satellite (XPOSat) that would offer insights into black holes in the space, making the country only the second to conduct experiment into such celestial objects.

Should Rohit, Virat play T20 World Cup?

IT'S THE YEAR the country picks its leader and the men to take the country forward, to embrace incumbency or winds of change; it is also the year the world of Indian sports has to make tough and definite decisions in its quest for medals and trophies, but without the choice of a ballot.

'No longer looking at custom duty as revenue source in FTA talks'

INDIA IS LIKELY to lower tariffs on a range of items including high tariff products such as cars, whiskey and machinery items for the first time under the free trade agreements (FTAS) with developed economies and is moving away from looking at tariffs as a source of revenue during negotiations, a government official said.

Disbursals by power finance firms to top ₹2.9 trn in FY24

Asset quality to improve over the medium term

Tata Power: Optimistic growth outlook

Company aims 15 GW renewable energy expansion by FY2030

Nobel laureate Muhammad Yunus sentenced to 6 months in prison

BANGLADESH'S NOBEL LAUREATE economist Muhammad Yunus was on Monday sentenced to six months in jail by a court for violating the labour laws, a verdict termed as \"politically motivated\" by his supporters ahead of the January 7 general elections.

Strong quake jolts Japan; alert in Korea, Russia

SCORES OF HOUSES DESTROYED; MAJOR TSUNAMI WARNING ISSUED, BUT WAS LATER REDUCED

Banks not likely to hike FD rates further

Deposit rates have a direct correlation with prevailing interest rates and liquidity

UPI transaction value jumps 42% to ₹18.2 trn in Dec

TRANSACTIONS THROUGH THE Unified Payments Interface (UPI) rose 54% year on year (YoY) to touch 12 billion in December, data from the National Payments Corporation of India (NPCI) showed. It had jumped nearly 54% YoY to 11.2 billion in November.

Indices kick off 2024 on a flat note amid volatility

THE EQUITY MARKETS kicked off the new year on a flat note, with benchmark Sensex closing with modest gains of 31 points in a highly-volatile trading session on Monday, helped by buying in energy, services and telecom shares.

Old vs new debate at TMC foundation day

THE BREWING TENSION between the old guard and the new in the Trinamool Congress spilled into the open on its foundation day Monday, with the usually president recalcitrant state Subrata Bakshi weighing in and being attacked from the other side.

'Modi gallery' PMs' Museum to open in next week

AHEAD OF THE inauguration of the Ram Temple in Ayodhya later this month, the 'Narendra Modi gallery' at the Prime Ministers' Museum will be opened to visitors in the second week of January, The Indian Express has learnt.

Dharavi facelift: Adani hires planners, architects

ADANI GROUP'S DHARAVI Redevelopment Project (DRPPL) has appointed architect Hafeez Contractor, US design firm Sasaki and UKbased consultancy firm Buro Happold to redevelop the area in Mumbai, which is home to Asia's largest slums and thousands of small business units.

India Inc embraces renewable energy goals

@ BUT RELIANCE ON FOSSIL FUEL-BASED INSTALLED CAPACITY SEEN STAYING HIGH AT 41% BY FY30

Air India's A350 jet to fly from Jan 22, carrier opens bookings

TATA GROUP-PROMOTED Air India said on Monday its brand new Airbus A350 aircraft will enter commercial service on January 22. The airline has opened bookings for the flights to be operated by the A350.

Zepto on track for $1 bn run rate in annual sales value

QUICK COMMERCE UNICORN Zepto is on track to reach a $1 billion run rate in annualised sales value within the next couple of quarters, its co-founder and chief executive officer Aadit Palicha said in a LinkedIn post.