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Sebi proposes optional T+0 trade

IN A MOVE that seeks to test the waters, the Securities and Exchange Board of India (Sebi) on Friday issued a consultation paper on instant settlement of funds and securities as an optional T+O settlement cycle in two phases.

Auto PLI 2.0 set to subsume FAME

Outlay may be higher than combined number of current two schemes

No mandatory Covid testing at airports yet

THERE IS NO PLAN so far to make RT-PCR testing for Covid19 mandatory at airports for travellers, Union health ministry sources said on Thursday, amid an uptick in coronavirus infections in India.

Sakshi Malik retires from wrestling as Brij Bhushan aide is elected WFI chief

vWITH GARLANDS DRAPED around his neck, firecrackers bursting in the background and supporters chanting his name, Brij Bhushan Sharan Singh flashed the victory sign for the cameras. Standing next to him was a beaming Sanjay Singh, Brij Bhushan's 'nominee' who was elected president of the Wrestling Federation of India (WFI) on Thursday, defeating former Commonwealth Games gold medallist Anita Sheoran by a margin of 40-7.

ED summons sent 'purely as propaganda', says Kejriwal

DELHI CHIEF MINISTER Arvind Kejriwal hit out at the Enforcement Directorate (ED) for issuing the second summons to him in the Delhi excise policy case, saying that it was \"not based upon any objective or rational yardstick but purely as a propaganda\".

India-US ties on 'an upward trajectory', says Modi

INDIA'S TIES WITH the US are on an \"upward trajectory\" and our country's growth should be compared with other democracies and not China, said Prime Minister Narendra Modi in an interview with UK-based Financial Times.

ELECTION ADVERTISING: The art of persuasion

How political parties can bring their A-game to the 2024 elections

Adnoc makes sweetened €11.3-bn bid for Covestro

ABU DHABI NATIONAL Oil Co. submitted an increased preliminary takeover bid for German chemical company Covestro AG and offered concessions to pave the way for the start of detailed due diligence, people with knowledge of the matter said.

Warner Bros, Paramount discuss possible merger

WARNER BROS. DISCOVERY Inc. held talks on a possible merger with Paramount Global, potentially combining two of the biggest media companies in the world, according to people with knowledge of the matter.

IL&FS puts two arms on the block to boost recoveries

IL&FS GROUP HAS put its two subsidiaries, IL&FS Investment Managers Limited (IIML) and IL&FS Securities Services (ISSL), on the block. The debt-laden group is looking to sell its entire 50.42% stake in IIML, a private equity fund management firm having a market capitalisation of nearly ₹400 crore. The group has also revived talks to sell its securities services subsidiary ISSL.

RBI NOD FOR MERCHANT ONBOARDING: Payment aggregators hit the ground running

AFTER HAVING ACQUIRED payment aggregator licences from the Reserve Bank of India (RBI), major players are now focusing on increasing merchants on their platforms by offering a range of products and services.

DigiYatra app crosses 3-million downloads

THE CENTRE'S BIOMETRICBASED mobile application facility for airport entry DigiYatra - has crossed the three-million download mark until about last month, according to sources.

TO MAKE 5 GW OF MODULES: Waaree to set up $1-bn solar panel unit in US

WAAREE ENERGIES, THE country's largest solar module manufacturer, plans to invest up to $1 billion over the next four years to build a factory in Texas, US, which will produce 5 gigawatts (GW) of solar cells and panels. Upon completion, it will be one of the largest solar module manufacturing facilities in the US, the company said on Thursday.

Parliament clears Bill on CEC, EC appointment

THE LOK SABHA was adjourned sine die on Thursday, a day ahead of the scheduled end of the Winter Session that saw a security breach, suspension of an unprecedented 146 MPs that left the Opposition benches almost empty, and expulsion of TMC leader Mahua Moitra in the \"bribe-for-query\" case.

UK, EU carbon tax: Govt considers compensation for affected exporters

THE CENTRE IS EXPLORING a range of relief measures to soften the blow of the carbon tax introduced by the European Union (EU) and the UK, which includes offering compensation to exporters affected by the tax to help them remain competitive in the global markets, a government official told The Indian Express.

SUGAR, RICE SHIPMENTS RESTRICTED: Agri exports to touch $53 bn despite curbs

DESPITE THE DENT from curbs on exports of rice and other farm produce, India's agriculture exports this financial year are expected to reach the last year levels of $53 billion, a senior official said on Thursday.

Rating firms unfair to India: Govt study

Improved norms could save billions of dollars for developing nation

LIC gets 10 years to meet 25% public float norm

THE GOVERNMENT HAS given state-run Life Insurance Corporation (LIC) a 10-year window to meet the minimum public shareholding (MPS) norm of 25%, given the volatility in the insurance behemoth's share price since listing in May 2022.

Red Sea attacks threaten to inflate India's export costs

AS SHIPPING LINES circumvent the Suez Canal route due to the attacks on cargo vessels by Yemen's Houthi group in the Red Sea, Indian exporters expect freight rates to go up by as much as 25%, and insurance premiums to rise. They also apprehend that trade might suffer significantly if the disruption continues for a longer period.

Adani family plans to inject $1 bn in green energy arm

BILLIONAIRE GAUTAM ADANI and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals while facing maturing bonds next year.

Walmart to invest $600 mn in Flipkart

E-COMMERCE MAJOR FLIPKART said on Thursday that its largest shareholder Walmart will be investing $600 million into the company, as part of its $1 billion fundraising plan. Other internal stakeholders and a few external investors will be putting in the balance $400 million.

Zomato makes move to acquire Shiprocket

Offer values e-commerce shipping startup at $2 bn

FPIs pump in $20 billion in India equities this year

In Asia, only Japan ahead with 30-bn investments in CY23

PM Modi asks Netanyahu for peaceful resolution in Israel-Hamas conflict

PRIME MINISTER NARENDRA Modi and his Israeli Benjamin counterpart Netanyahu on Tuesday discussed the latest developments in the Israel-Hamas conflict and shared concerns on the safety of maritime traffic in the region amid Houthi rebels stepping up attacks on ships in the Red Sea.

Russia is ready to hold talks with Ukraine: Putin

PRESIDENT VLADIMIR PUTIN said on Tuesday that Russia would be prepared to talk to Ukraine, the United States and Europe about the future of Ukraine if they wanted to, but that Moscow would defend its national interests.

All samples detected new variant JN.1: Genome lab

COVID UPDATE: 21 CASES REPORTED IN 3 STATES

Auto parts sector to invest $7 billion

THE AUTO COMPONENT industry is looking to invest around $6.5-7 billion over the next five years on capacity expansion and technology upgradation, with the demand expected to remain robust over the period.

HCL hit by ransomware attack

IT MAJOR HCL Technologies disclosed the discovery of a ransomware incident within an isolated cloud environment associated with one of its projects on Wednesday. The company said a probe was underway to understand the cause.

Tesla skips merit-based stock awards this year

TESLA MANAGERS TOLD some salaried employees the company isn't offering merit-based equity awards this year. The company didn't give a reason for the change but four employees from different departments told Bloomberg they believe the move was widespread.

Dynamic governance for dynamic tech

The recognition of the challenge of deepfakes and the proactive initiative by the government is heartening as India seeks to be ahead of the curve