CATEGORIES

Sebi order on CFMA plea to delay MCX shift to TCS

Sebi direction which followed complaint from Chennai body sparks volatility in MCX shares

India experiencing new momentum: Shah

The success of the G20 Summit and Chandrayaan-3 mission, the successful launch of the Aditya L-1 craft to study the sun, and the passage of the women's reservation bill in Parliament have filled the country with new energy and people are experiencing a new momentum, Union home minister Amit Shah said on Friday

True North sells 20% of Niva Bupa for ₹2,700 cr

Private equity fund True North on Friday said it sold a 20% stake in general insurer Niva Bupa to its partner Bupa of UK for around ₹2,700 crore, making the latter the biggest shareholder in the 15-year-old company

Vedanta to demerge biz into six firms

Billionaire Anil Agarwal’s Vedanta Group unveiled a complete overhaul of its Indian metals, mining, and energy conglomerate, Vedanta Ltd, involving the demerger of its businesses into six independent companies, with a plan to list five of them by FY25

E-tailers ready for festive showdown

Amazon, Flipkart expect a revival in discretionary spending

Air India set to boost efficiency on routes

Tata Group-owned Air India is expected to consolidate its presence and increase efficiency across 100plus routes, or over 50 origin-destination pairs, to fully utilize the group's network of four airlines

Tech firms nudge staffers back to offices

India's largest technology services firm Tata Consultancy Services (Ltd) has asked some of its teams to attend office five days a week, a move which may prompt rivals with a hybrid work model to follow suit

'No combining assets for liquidator fee'

The liquidators of insolvent companies cannot combine proceeds from asset sales with the company's liquid assets to calculate their fees, which results in excessive remuneration, according to an order by the Insolvency and Bankruptcy Board of India (IBBI), the authority responsible for bankruptcy rules

Staff crunch in retail, logistics as festive season nears

Retailers and logistics service providers are struggling to strike a balance between hiring contract workers to maximize festive season sales and reducing costs, amid efforts to boost last-mile connectivity after two quarters of muted sales

Infra sectors grow 12%, fiscal deficit at a 3rd of FY24 target

Robust core sector growth to prop up IIP for August; industrial recovery seen broad-based

Toyota Plans Third Car Plant In India, New SUV As Sales Spike

Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two persons aware of the development said

Meta Works To Comply With India's Data Protection Act

Ensuring compliance poses operational complications for Meta, says global affairs chief

Citadel Is Ready To Fight With SEC Over WhatsApp Probe

Citadel is preparing to push back against the WhatsApp probe by the Securities and Exchange Commission (SEC), taking a harder line than the almost two dozen banks that have paid hefty settlements over the past two years

A cozy but thin Agatha Christie adaptation

This Vishal Bhardwaj series gets in its own way with some whimsical choices

3 astronauts return after a year in space

A NASA astronaut and two Russian cosmo-nauts returned to Earth on Wednesday after being stuck in space for just over a year. American Frank Rubio set a record for the longest US spaceflight-a result of the extended stay

Iraq wedding fire kills more than 100, probe announced

A fire ripped through a packed wedding hall on Tuesday, killing more than 100 people in a Christian town that had survived Islamic State occupation as authorities announced an investigation into the blaze

Tata Play Binge offers PaaS to go global

Direct-to-home service provider Tata Play (formerly Tata Sky), which also offers over-the-top aggregation services, announced on Wednesday the launch of Tata Play Binge PaaS (platform as a service), a white label solution for OTT aggregators globally

Foreign airlines keen to set base at Noida airport: CEO

With Delhi-NCR preparing for its second airport in 2024, airlines, including foreign carriers have shown strong interest to connect flights from Noida International Airport at Jewar to overseas destinations, said Christoph Schnellmann, chief executive officer, Noida International Airport

DGCA can act against pilots not serving notice: Delhi HC

The HC, however, did not allow any penal action against Akasa pilots as it hasn't been sought

Sebi imposes ₹5 lakh fine on Yes Securities

Markets regulator the Securities and Exchange Board of India (Sebi) on Wednesday imposed a fine of ₹35 lakh on brokerage Yes Securities for irregularities pertaining to settlement of client funds, shortage in collection of margin and for not adhering to leverage and exposure limits

Adani Ports to buy back another $195 million of its 2024 bond

Adani Ports and Special Economic Zone Ltd. will buy back as much as $195 million of its 2024 bond, as the Indian conglomerate backed by billionaire Gautam Adani seeks to move on from the allegations levied by a US shortseller

Creaegis leads $35 mn fundraise in healthtech startup Doceree

Healthtech startup platDoceree, which runs a physician-only form, has secured $35 million as a part of its Series B fundraise from a bunch of investors led by homegrown private equity firm Creaegis

Bright Money raises $62 mn to expand

San Francisco-based fintech startup Bright Money has raised $62 million in a mix of debt financing and equity infusion from new as well as existing investors

India to iron out rupee trade problems amid stranded Russian assets

India is working with Russia to sort out lingering problems with the rupee trade mechanism, including challenges with the exchange rate mechanism and fund repatriation, two government officials said

Singapore may get more rice from India

India may allow exports of another 50,000 tonnes of non-basmati white rice to Singapore under humanitarian operations, making an exception for one of its key diplomatic partners, two government officials said

Pre-poll budget meetings to weigh food, fertilizer sops

Finance ministry will hold as many as 65 meetings between 10 October and 14 November

India wants WTO rules on foodgrain scrapped

India will seek the removal of entitlements in trading rules that have helped developed countries dominate global farm exports and obstructed developing countries' fair access to export markets, a person aware of the development said

Diamond industry grapples with major slump in demand

India's diamond cutting and polishing trade is facing an unprecedented crisis amid falling demand, prompting trade bodies to ask members to halt the imports of rough stones for two months

Cipla in advanced talks with 2 groups

Promoters in talks with consortiums led by Torrent and Baring

Aadhaar Is Not Perfect But Has Proven Useful

So long as Aadhaar does its basic job of allowing unique identification, this digital public infrastructure serves its foundational purpose. The critique by Moody's could help improve it