CATEGORIES

FMCG shares weigh heavily on benchmark indices

FAST-MOVING CONSUMER goods (FMCG) stocks, coupled with other geopolitical concerns, weighed on the benchmark indices on Monday, leading to a decline for the second straight session.

AI places an order for 100 aircraft

Six Airbus A350-900s have been delivered to Air India and are operational on several domestic and international routes, including Delhi-London.

MapmyIndia parent to not invest in outgoing CEO firm

CE INFO SYSTEMS, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher.

CCI seeks SC hearing in e-commerce antitrust case

THE INVESTIGATION IS a major regulatory challenge for Amazon and Flipkart in a market where e-commerce sales are set to exceed $160 billion by 2028, up from $57 billion to $60 billion in 2023.

Zaggle aims to double revenue by next fiscal

Zaggle aims to double its current revenue by FY26, while maintaining profitability on the back of product diversification, strong customer acquisition and market expansion, the company's founder and executive chairman Raj Narayanam told FE.

AI places an order for 100 aircraft

SIX AIRBUS A350-900S have been delivered to Air India and are operational on several domestic and international routes, including Delhi-London.

Livguard looks to incur ₹3,360-cr capex in 5 yrs

ENERGY STORAGE AND solutions company Livguard is planning to incur a capital expenditure of ₹3,360 crore ($400 million) to increase its battery capacity to 25 gigawatt hours (GWh) in the next five years.

AI's rise driving demand for computers: Lenovo

ARTIFICIAL INTELLIGENCE (AI), the transition from Windows 10 to Windows 11, and a lifecycle upgrade following the pandemic is boosting the demand for personal computers (PCs), Ashish Sikka, Lenovo India's director and category head, told FE.

Discounts on cars, SUVs get steeper ahead of year end

Best offers on 2023-made models

Jewar land prices may rise by 50% in 6 years

JEWAR, A SMALL town along the Yamuna Expressway, is emerging as one of the fastest-growing real estate micro markets because of the upcoming international airport leading to a 40% appreciation in land prices in the last five years.

Vodafone Idea to raise ₹1,980 cr from parent

VODAFONE IDEA ON Monday said its board has approved the issuance of up to 1.75 billion shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore.

LG India paid ₹323 cr in royalty to parent in FY24

LG ELECTRONICS INDIA, which filed its offer document last week for a $1.8-billion initial public offering (IPO), paid 2.3-2.4% of sales in royalty to its parent in FY24, totaling ₹323 crore, its draft red herring prospectus (DRHP) showed.

George Soros row: BJP, Congress trade charges

Uproar over BJP's allegations linking top Congress leaders with US-based billionaire investor George Soros-funded organisations involved in 'anti-India' activities rocked both houses of Parliament which failed to transact any business, even as both parties traded charges.

Foreign Secys meet: Delhi flags plight of minorities, Dhaka says internal issue

● India calls for 'constructive' ties, says attacks 'regrettable'

Mahayuti govt wins trust vote in Maharashtra assembly

FIVE DAYS AFTER assuming office, the Mahayuti alliance government in Maharashtra led by Chief Minister Devendra Fadnavis on Monday comfortably won a confidence vote in the state assembly.

Oppn mulls impeachment resolution against Dhankhar

THE UNEASY RELATIONSHIP that Opposition parties share with Rajya Sabha chairman and vice-president Jagdeep Dhankhar is set to come to a head as the INDIA bloc parties have decided to submit a notice to move a no-confidence or impeachment resolution against him. The Opposition parties do not have the numbers in the House to ensure Dhankhar's impeachment as vice-president but are contemplating the move \"very soon\" as a political signal.

100,000 Bima Sakhis may be enrolled in 12 months

Life Insurance Corporation (LIC) will engage women agents (MCAs) to expand its business in three years.

Move to create income, boost 'insurance for all' goal: Modi

BESIDES CREATING INCOME opportunities, Life Insurance Corporation (LIC)'s new scheme to engage 200,000 women across the country to expand its business in three years will further strengthen the 'insurance for all' mission, Prime Minister Narendra Modi said on Monday.

Township for data centres likely: Goel

LEADING INDIAN CONGLOMERATES and other companies have pledged to make combined investments of more than ₹35 lakh crore in Rajasthan over the next few years under the memoranda of understanding signed with the state government, with the largest commitment of ₹7.5 lakh crore coming from Adani Group.

100,000 Bima Sakhis may be enrolled in 12 months

The stipendiary scheme launched by Life Insurance Corporation on Monday to engage women career agents (MCAs) could cost the insurer ₹845 crore in the first year while the new business generated by them is likely to be five-seven times the cost incurred, chairman Siddhartha Mohanty said.

Pharma cos unfazed by US developments

THE INDIAN PHARMA industry is not worried about the possible benefits for Chinese biotech firms following the exclusion of the Biosecure Act, aimed at blacklisting them, from a key US defence budget Bill.

NHAI raises ₹775 cr through green bonds

THE SPECIAL PURPOSE vehicle of the National Highways Authority of India (NHAI) has raised ₹775 crore through its maiden green bond issue to finance the Delhi-Mumbai Expressway.