CATEGORIES

Road ministry revives focus on BOT

The Union road ministry plans to directly award road projects under the Build, Operate, Transfer (BOT) model with easier terms this fiscal year, aiming to attract private investors.

'India hopeful about climate financing at UN conference'

India is optimistic that the UN conference on climate change slated to be held in Dubai later this year will bring greater clarity on the “financial pathways\" needed in the fight against climate change, according to environment, forest and climate change secretary Leena Nandan. In doing so, it is likely to build upon the declaration adopted at the recent G20 leaders’ summit in New Delhi, she said in an interview ahead of the 28th Conference of the Parties (COP) of the UN Climate Change Conference, to be held from 30 November-12 December. Edited excerpts:

HDFC AMC gets RBI approval to raise stakes in five pvt banks

HDFC Asset Management Co. Ltd, or HDFC AMC, has secured the Reserve Bank of India's (RBI's) approval to raise its stake to 9.5% in five private lenders, signalling growing investor interest in private lenders and a potential bullish trend.

Murdoch to step down as chair of Fox, News Corp

Rupert Murdoch is stepping down as chair of Fox building a media empire over seven decades that revolutionized news and entertainment and made him one of the world's most influential and controversial tycoons.

India suspends visa services in Canada

India temporarily suspended visa services in Canada, citing heightened security threats to its missions, while also directing Ottawa to cut its diplomatic strength in India, marking an escalation in tensions. New Delhi alleged a lack of action by Canadian authorities to deal with the threats.

Centre seeks inputs over FDI dip worries

Govt plans to address issues that hinder foreign investments

Why fintech apps ask you to open a demat account

Most such apps make profits by cross-selling other financial products to their customers

Sunak dilutes green agenda, delays ban on new petrol cars

The British prime minister has pushed back UK’s ban on sale of new petrol and diesel cars by five years to 2035

DEVANS ventures into premium spirits

GianChand single malt maker DeVANS Modern Breweries Ltd aims to diversify into various spirit categories including premium gin, whisky, and stout beer

Total may lead Adani plan to raise $1.5 bn for green power

The French firm’s 300 mn investment in JV with Adani Green reaffirms its commitment

Akasa gets nod to fly overseas

Aviation regulator to look into availability of bilateral air traffic rights following approval granted to the airline

Ola Electric writes to i-banks for $700 mn IPO filing by end Oct

India's Ola Electric plans to file regulatory papers for its up to $700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said

Nomura trims HDFC Bank to neutral, stock closes 4% down

Shares of HDFC Bank Ltd fell as much as 4.2% after Nomura Holdings Inc. downgraded the stock, prompted by the lender's lowered revision of the business absorbed from its parent

BHEL shines on order inflows, but execution needs to catch up too

Bharat Heavy Electricals Ltd (BHEL) stock is having its moment in the sun. The capital goods company’s shares have risen by a whopping 56% so far in 2023, aided by robust order inflows. In comparison, the Nifty 500 index has gained only 13%

Asia Healthcare acquires AINU

600 cr buyout of nephrology urology-focused chain marks Asia Healthcare's entry into a fourth speciality

ADB keeps India growth forecast at 6.7%

The Asian Development Bank (ADB) on Wednesday said it has retained India's GDP growth forecast at 6.7% for FY 2024 on the back of public investment and recovery in consumption demand

Data law appellate authority, rules to be notified in 30 days

Graded timelines for data fiduciaries; Big Tech compliant with GDPR to follow rules first

Saudi cuts Asian Premium after India taps Russian oil

Saudi Arabia, the world’s second largest oil producer, has slashed the premium charged on exports to India while many others have discontinued it altogether, a person aware of the matter said, after India began sourcing the bulk of its energy requirements from Russia

Ex-UpGrad chief Arjun Mohan to be Byju's next India CEO

Byju's has named Arjun Mohan as the chief executive officer (CEO) of its India operations, succeeding Mrinal Mohit, a founding employee of the Bengalurubased edtech startup

India faces flak at WTO for not notifying curbs

India is facing criticism from several World Trade Organization (WTO) members for failing to notify the trade body of its numerous export restrictions to secure domestic food supplies before national elections next year, three people aware of the development said

India issues caution for travel to Canada

Diplomatic tensions between India and Canada mounted after New Delhi released a scathing travel advisory counselling its citizens to exercise caution while travelling to Canada

Naveen Jindal eyes Africa with steel mill, power plant

Billionaire Naveen Jindal, via a privately held unit, plans to set up a steel mill in Nigeria and a power plant in Botswana to serve the African market, two people familiar with the development said

Stocks plummet as crude nears $100

High oil prices could force central banks to raise interest rates

How do I file a complaint against rejection of insurance claim?

I bought my health insurance policy in 2016 for myself and my wife. I renewed the policy every year by paying timely premiums till last year. In December 2022, I suffered from typhoid and was admitted in hospital for seven days. The treatment cost me around ₹2 lakh. My insurer denied the claim saying that my condition did not require hospitalization. What can I do to get my claim from the insurance company? -Name withheld on request

Unpacking Niyo Solutions' zero forex markup cards

As of now, Niyo Global cards are a good payment option for frequent overseas travellers

Intel sees glass as a vital bit to power AI

Intel Corp. is betting on an unexpected material to help the world's computers handle ever-growing artificial intelligence workloads: glass.

US, Iran swap detainees in Qatar-bartered deal

The deal also unfroze 6 bn of Iran’s funds that were blocked by sanctions

'No plan to share revenues of OTT apps with telcos'

The central government is not considering enabling a revenue sharing model between over-the-top (OTT) players or apps and the telecom service providers for using the telcos’ networks for carriage of the apps, said a top official in the ministry of communications.

US auto strike puts Indian ancillary hubs on the edge

This is the first time UAW has launched a simultaneous strike against all 3 automakers

Holiday airfares surge, double in some routes

Data from travel portals shows an increase in advance bookings as well