CATEGORIES

Wealth tax: A bad idea

More revenue is needed for health and education, but Piketty's recommendation is problematic

Transforming rural health systems

ADDRESSING THE RURAL-URBAN HEALTHCARE DIVIDE REQUIRES A SYSTEMS-FOCUSED APPROACH

The upkeep of urban infrastructure

Creative financial solutions, such as charging fees for high-emission vehicles, can help alleviate toll burdens for city natives while keeping urban infrastructure viable

Regulator introduces new asset class for high-risk users

MARKETS REGULATOR SEBI has notified norms for introducing a new asset class -- Specialised Investment Fund -- for high-risk profile investors along with liberalised mutual funds lite (MF Lite) framework for passively managed schemes.

Indian firms raise $16 billion via QIP

ROBUST RESPONSE

FPI instruments with derivatives as underlying assets barred

THE SECURITIES AND Exchange Board of India (Sebi) has barred foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying assets or using derivatives to hedge their ODIs in India in bid to curb regulatory arbitrage.

Sebi likely to relax AIF norms

● Participants asked to adopt accredited investors concept

Platform proposed for tracking unclaimed mutual fund folios

BRINGING BACK TO LIFE

RBI lifts curbs on two Edelweiss Group entities

The Reserve Bank of India (RBI) on Tuesday lifted the restrictions imposed on Edelweiss Asset Reconstruction Company (EARCL) and ECL Finance, effective immediately, after the companies engaged with the regulator on remedial measures.

Sebi names auditor to examine TARC's finances during FY21-23

CAPITAL MARKET REGULATOR Sebi has appointed a forensic auditor to look into financial statements of New Delhi-based real estate company TARC for FY21-23, citing a disclosure by the company which may have been 'detrimental to the interest of investors'.

Airline gets DGCA show-cause notice

AVIATION REGULATOR DGCA has issued a show cause notice to Akasa Air for violation of norms related to the airline's operations manual, according to sources.

Developers go slow on home launches

NEW SUPPLY OF residential units remained relatively tepid in 2024 compared to 2023, mainly due to election-related approval delays in H1 and state elections in H2.

Daikin India forms JV with Taiwan firm

DAIKIN INDIA, THE Indian subsidiary of Japan's Daikin Industries, on Tuesday announced that it has formed a joint venture with Taiwanese AC compressor maker Rechi Precision to manufacture, design and sale of rotary compressors.

Cult.fit's revenue rises in FY24; loss remains flat

FITNESS-TECH PLATFORM CULT.FIT recorded a 33.6% increase in operating revenue, reaching ₹927 crore in FY24 compared to ₹694 crore in the previous fiscal year.

Automotive Axles shareholders vote against RPT with Meritor

THE MINORITY SHAREHOLDERS of Automotive Axles, a Kalyani Group company, have rejected the resolution to approve material-related party transactions with Meritor HVS (India) with around 79.47% of the votes against the move and 20.53% in favour.

Safety is priority, says Akasa Air CEO

ASSERTING THAT AKASA Air is an employee-centric organisation, its CEO Vinay Dube has said the airline always works on improving its very high safety standards, amid some pilots flagging concerns about alleged training and safety issues.

ITC to demerge hotel business on January 1

CIGARETTES-TO-FOODS CONGLOMERATE ITC has finalised January 1, 2025, as the effective date for the demerger of its hotel business, following receiving an order from the National Company Law Tribunal (NCLT), the company said on Tuesday.

Sanghi & Penna to merge with Ambuja

SEPARATE SCHEMES OF ARRANGEMENT ANNOUNCED

Maruti first carmaker to produce 2 mn units in a year

MARUTI SUZUKI ON Tuesday said it has become India's first original equipment manufacturer (OEM) to produce two million vehicles in a calendar year.

Ola tests 10-min food delivery service in Bengaluru via ONDC

OLA CONSUMER HAS begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network.

More Indians looking to fly biz class this holiday season

THE NUMBER OF Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year.

Blackstone expects 5X growth in India data centre capacity

GLOBAL FUND HOUSE Blackstone expects at least fivefold growth in its data centre capacity in India in the coming years, fuelled by the adoption of cloud, 5G, and data protection in the country.

Big Tech may have to pay more for SMSes in India

● Trai's definition identifies their traffic as international

Blackstone's Mphasis deal rescues PE firms

● Venture capitalists double earnings to $4.06 billion

India, Bhutan moving forward with shared goals: Himanta

INDIA AND BHUTAN are moving forward with shared goals and aspirations, Assam CM Himanta Biswa Sarma said at Bhutan's National Day programme.

Ahead of talks with Doval, China ready to enhance mutual trust

AS NATIONAL SECURITY advisor Ajit Doval reached Beijing for talks on Wednesday between the Special Representatives of the two countries, China said Tuesday it is ready to work with India to \"deliver on important common understandings reached between our two leaders\" and \"enhance mutual trust and mutual confidence\".

Discontent in Mahayuti: Bhujbal says 'reward' for standing up for OBCs

DAYS AFTER MAHARASHTRA Cabinet expansion, senior ministers from the previous government and several MLAs from three ruling allies — BJP, NCP and Shiv Sena — who were not inducted openly expressed their discontent.

NHPC aims to have installed capacity of 50 GW by 2047

A state-run hydropower company, NHPC, plans to raise its total installed capacity to 23 gigawatts (GW) by 2032 from its current capacity of 7.2 GW.

One nation, one poll Bills introduced in Lok Sabha

● 269 vote for and 198 against their introduction

Q2 a blip, growth to pick up again: FM

THE ECONOMIC GROWTH slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.