CATEGORIES

Experts want PDS food items out of the new inflation series

THE MINISTRY OF statistics & programme implementation (MoSPI) has floated a discussion paper to seek views on the treatment of \"free public distribution system (PDS) items in the Consumer Price Index (CPI) compilation\", as it feels the current mechanism doesn't properly capture the impact of free food distribution on inflation.

Export Duty on Onion to Stay Till Retail Prices Cool

DESPITE A SHARP fall in mandi prices of onions due to arrival of kharif crop, the government is unlikely to remove 20% export duty on the staple vegetable citing higher retail prices.

Arunish Chawla named new revenue secy

The government on Wednesday appointed Arunish Chawla as the new revenue secretary, according to a personnel ministry order, reports the Bureau.

A middle-class meltdown

Economic shift, stagnating real income post Covid weigh on spending on daily items

Shyam Benegal cremated with full state honours

Veteran filmmaker Shyam Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute.

Net gains: Secured Virat, cautious Rohit gear up

INDIA GOT A chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.

Champions Trophy: India to play Pakistan on Feb 23

INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.

Local satellites push draws 30 aspirants

The applicants for IN-SPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.

Labour-intensive exports: Gains likely to be short-lived

India's labor-intensive textile exports are experiencing a surge, but this growth is likely to be temporary due to several factors, including geopolitical instability and the need for long-term competitiveness.

₹2-cr fine on Deloitte Haskins for Zee audit

In September 2018, the chairman of ZEEL, who is also the promoter of Essel Group of Companies, issued a letter to Yes Bank, and committed ₹200 crore of fixed deposit (FD) of ZEEL as a guarantee for the loans given by the bank to group company Essel Green Mobility.

Walking into a minefield

Even though she made a very strong pitch that funds will move away from the regulated markets towards crypto and similar assets, if bourses don't move towards instantaneous settlement, neither brokers, nor the exchanges made a real effort to back her.

EAM in US to boost bilateral ties

IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.

Economists for FTAs, land & labour reforms

RCEP was signed by the group of countries in November 2020 except India.

IOC to invest ₹61K cr for Odisha project

STATE-OWNED INDIAN Oil Corporation Ltd (IOCL) will invest ₹61,000 crore to set up a naphtha cracker project at Paradip in Odisha, a statement said on Tuesday.

'Buying jewellery today is akin to fine dining—it's thoughtful & deliberate'

INTERVIEW: SANDEEP KOHLI, CEO, INDRIYA

18% GST on used EV to be paid on seller's margin

A REGISTERED PERSON will have to pay an 18% Goods and Services Tax (GST) on sale of old and used vehicle only if the seller has earned a margin, which is if the selling price is higher than the depreciation adjusted cost price of the vehicle, official sources said.

Road to relevance

How to craft a brand strategy that stands the test of time

Downward drift

RBI, which has been intervening in currency markets to prevent a sharp fall in the rupee, must reassess its stance

Building rural resilience

Shift in rural incomes, with reduced dependence on pure cultivation, is an encouraging trend that helps pull out excess and disguised labour from the sector

The Trump dump

YOU CAN'T BULLY THE MARKET, CERTAINLY NOT WHEN YOU HAVE THE DEEPEST AND MOST LIQUID MARKET

Honda-Nissan merger requires time

HONDA AND NISSAN expect big benefits from their potential merger to create the world's third-largest auto group, but intense competition from China raises questions about whether they can make it work in time.

China mulls $411-bn special treasury bonds in 2025

CHINESE AUTHORITIES HAVE agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy.

Microsoft looks to add non-OpenAI models into 365 Copilot

MICROSOFT HAS BEEN working on adding internal and third-party artificial intelligence models to power its flagship AI product Microsoft 365 Copilot, in a bid to diversify from the current underlying technology from OpenAI and reduce costs, sources familiar with the effort told Reuters.

Honda shares jump over 17%

THE PROPOSED BUSINESS integration of Honda Motor and Nissan Motor is positive overall for the credit quality of the two Japanese automakers, but it carries risks especially for Honda, according to Moody's Ratings.

Biden to decide on takeover of US Steel

NIPPON STEEL'S PROPOSED $12.3 billion acquisition of US Steel moved a step closer to being blocked after a US national security panel deadlocked on its review and left the final decision with President Joe Biden, who has repeatedly indicated his opposition to the deal.

'Crop, motor, health and commercial to equally contribute to portfolio by FY26'

OUR FOCUS ON THE CROP INSURANCE SEGMENT WILL REMAIN STRONG AS IT IS A KEY GOVERNMENT SCHEME SUPPORTING FARMERS

Tata Capital listing hopes drive shares of group companies

SHARES OF TATA group companies post gains on Tuesday after reports suggested that the salt-to-software conglomerate has begun the groundwork to list its financial services arm, Tata Capital, through an initial public offering (IPO) of $2 billion or around ₹17,000 crore.

Lokpal calls Sebi chief, complainants for 'oral hearing' on January 28

ANTI-CORRUPTION OMBUDSMAN LOKPAL has called Sebi chief Madhabi Puri Buch and also complainants, including TMC MP Mahua Moitra, for \"oral hearing\" next month in connection with corruption complaints being heard by it, alleging impropriety and conflict of interest on the basis of a Hindenburg Research report, according to an official order.

Deposit mobilisation, rate cut key challenges: Indian Bank MD

THE BANKING INDUSTRY will continue to struggle with deposit mobilisation, maintaining a healthy current account savings account (CASA) ratio and a possible fall in net interest income after reduction in policy rates, said Shanti Lal Jain, MD and CEO of Indian Bank.

Rupee hits record closing low for 6th straight session

THE RUPEE WEAKENED to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.