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July 11, 2024

FPI assets: Ireland pips Mauritius for 4th spot

Mauritius, once among the leading destinations for foreign portfolio investors (FPIs) routing funds into India, has now slipped to the fifth position, behind Ireland, in terms of assets under custody (AUC) as on June 30.

2 mins

On Budget table: 100% MSP for oilseeds, pulses

Govt likely to tweak PM-AASHA

2 mins

Deeply committed to reforms; pained by EV sales drop: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday expressed the government's commitment to staying on the reform path while addressing concerns of the common man.

2 mins

Heritage Foods looks East for expansion

Heritage Foods is spreading its footprint in the East in sync with its ambition to become a pan-Indian private dairy company.

1 min

Medium & heavy CV, bus sales power through 01

H2FY25 expected to see demand revival as monsoon ends

2 mins

After Bajaj, TVS may roll out CNG bike

After Bajaj Auto recently launched the world's first CNG motorcycle, the Bajaj Freedom 125, more players are betting big on alternative fuels, with industry majors like TVS Motor keen on CNG itself.

1 min

Bansal appointed CEO of Paytm PB

Paytm Payments Bank, an associate entity of One97 Communications (OCL) which operates brand Paytm, has appointed Arun Kumar Bansal as managing director and chief executive officer (CEO).

1 min

Mobility players drive 18% car sales in FY24

There is a quiet shift in the country's domestic passenger car segment, with mobility players, including car aggregators like Ola and Uber, fleet service providers, and taxi owners, now accounting for 18 per cent of total sales in 2023-24 (FY24) in the 4.2 million-plus market.

2 mins

OEMs can now claim EV incentives twice a month

The government has taken a slew of steps to boost the sales of electric two-wheelers and three-wheelers under its Electric Mobility Promotion Scheme (EMPS) 2024, which includes allowing manufacturers to upload claims twice a month and gives them a 120-day window to submit it.

1 min

CIL firms up gasification plans in tie-up with BHEL

JV to produce 660,000 tonnes ammonium nitrate from Coal India's mines

2 mins

Sidbi to tap postmen to support small entrepreneurs

Metros and big cities may now be off the map for them, but humble postmen still know villages like the back of their hands.

1 min

Bridges on the brink: Tendering, design faulted for collapse

Road ministry officials say central bridge projects perform better than state ones due to stricter checks and balances

3 mins

Solo enterprises increased by 6.5 mn in 12 yrs

The number of Own Account Enterprises (OAEs), which are run solely by the owners and do not employ hired workers, rose by 6.5 million to 55.3 million between 2010-11 and 2022-23, a comparison of the latest Annual Survey on Unincorporated Sector Enterprises (ASUSE) data released by National Statistical Office (NSO) with the 67th National Sample Survey (NSS) round showed.

1 min

Telecom trade deficit has dipped:Scindia

The trade deficit in the telecom sector has reduced to ₹4,000 crore over the last five years, down from ₹68,000 crore earlier as a result of the production linked scheme (PLI), Jyotiraditya Scindia said on Wednesday.

1 min

Jio, Airtel may report 10% growth for June qtr

Consistent rise in mobile business, subscriber gains to help the two telcos

2 mins

Vedanta demerger plan now at NCLT door, says Agarwal

Sharing an update on Vedanta's demerger, company chairman Anil Agarwal (pictured) told shareholders that the plan is on the National Company Law Tribunal's (NCLT's) table for approval.

1 min

With TPG on board, Altimetrik on track to become $1 bn firm

With private equity player TPG Capital acquiring a 60 per cent stake in pure-play digital business firm Altimetrik, it indicates the growing appetite for IT and product engineering firms among investors.

1 min

Goyal to meet Swiss investors to work on $100 billion FDI pact

Commerce and Industry Minister Piyush Goyal is set to travel to Switzerland on Sunday (June 14) to meet investors, in line with the $100 billion investment commitment under the India-European Free Trade Association (EFTA) trade deal signed earlier this year.

1 min

Divorced Muslim women can seek maintenance: SC

The Supreme Court on Wednesday ruled that a Muslim woman can seek maintenance from her husband under Section 125 of the CrPC and said the \"religion neutral\" provision is applicable to all married women irrespective of their religion.

1 min

First Abu Dhabi, Mitsubishi in race for Yes Bank's $5 bn stake

First Abu Dhabi Bank PJSC is among potential suitors for a roughly $5 billion stake in Yes Bank, according to sources.

1 min

Pvt life insurers hike term policy premium

Major private sector life insurance companies, including HDFC Life, ICICI Prudential, Bajaj Allianz and Max Life Insurance, have increased their term insurance premiums by 4-7 per cent in response to moderation in bond yields, inflation concerns, and adjustments in reinsurance rates, according to industry sources privy to the development.

1 min

SBI raises ₹10,000 cr through infra bonds

State Bank of India (SBI), country's largest lender, has raised ₹10,000 crore at a coupon of 7.36 per cent through 15-year infrastructure bonds, the bank said in a statement on Wednesday.

1 min

Big players missing, corp bond issuances drop 36%

Uncertainty over election results and Budget contributed to fall in April-June

2 mins

Be part of India's stellar growth story: PM to Austrian companies

Prime Minister Narendra Modi on Wednesday invited Austrian companies to invest in India as he highlighted the potential for bilateral collaborations in infrastructure, energy, emerging technologies and other sectors.

1 min

China launches probe in response to EU trade barriers

China is investigating whether the European Union's spate of actions against the world's number 2 economy constitute an illegal barrier to free trade, as the two blocs edge another step closer to a trade war.

1 min

Tesla's share of US electric car market slipped below 50% for first time

Tesla's once-commanding share of the market for electric vehicles in the US slipped below 50 per cent in the second quarter of the calender year even as sales of batterypowered cars surged to a record, according to estimates published Tuesday by a research firm.

3 mins

Nato lambasts China over Russia support

Ukraine can and will stop Putin: Biden

1 min

Microsoft, Apple Drop OpenAI Board Plans As Scrutiny Grows

Microsoft and Apple dropped plans to take board roles at OpenAI in a surprise decision that underscores growing regulatory scrutiny of Big Tech's influence over artificial intelligence (AI).

2 mins

Towards a good and simple tax

Despite making gains, next-generation reforms are required to expand and streamline the GST

4 mins

Employment condition

The new data set raises questions

2 mins

Equalising the playing field

Two developments this month have brought into stark focus the practical issues embedded in the vexed issue of increasing gender diversity in the workplace.

3 mins

Strategic independence

Russia visit ticked the right boxes

2 mins

LIGHTS...CAMERA...ACTION & RECOVERY

India's box office roars to life, grossing 5,053 crore in the first half of 2024

3 mins

E2W industry on 'amazing transformation' path: Ather CEO

Indian electric two-wheeler industry is on an 'amazing transformation' and policy support is a crucial signal to all stakeholders that the government stays committed to a 100 per cent electric vision, Ather Energy Co-founder & CEO Tarun Mehta said on Wednesday.

1 min

Markets catch their breath after hitting record highs

Losses in M&M, HDFC Bank, and TCS drag indices down

2 mins

ECM fee pool at 17-year high as activity up 2.5x

The fee pocketed by investment banks for handling equity share sales stood at $244 million during the first half of calendar year 2024.

1 min

Optimism in MGL stock appears fully priced in

Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area.

2 mins

IPO frenzy yields hefty gains for retail investors

Shares listed this year up 57% on average

2 mins

Global gold ETFs see worst H1 in 11 years

Shed $6.7 billion in Jan-Jun; holdings drop by 120 tonnes

2 mins

Investors cheer as dairy stocks turn cash cows

Analysts say momentum to continue in near to medium term

2 mins

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