CATEGORIES

Delhi HC summons SpiceJet CEO, COO

In fresh trouble for beleaguered low-cost airline SpiceJet, the Delhi High Court has directed the chief operating officer (COO) and chief executive officer (CEO) of the carrier to appear before it, in a plea seeking compliance of over $6 million in payment to the aircraft engines lessors.

DGGI identifies 642 online gaming cos for investigation

As many as 642 offshore entities offering online money gaming have been identified till date for investigation on potential tax evasion, by the Directorate General of GST Intelligence (DGGI), Parliament was informed on Monday.

Bery gets additional charge as chairman of EAC-PM

NITI Aayog vice chairman Suman Bery has been given additional charge as the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) about a month ago, a senior government official said on Monday.

LIC's unclaimed maturity amounts at ₹881 cr in FY24

Life Insurance Corporation (LIC) has unclaimed maturity amounts of Rs 880.93 crore in 2023-24, Parliament was informed on Monday.

Welspun One to build urban distribution centre at Thane with investment of ₹800 cr

Integrated fund and management development platform Welspun One on Monday said it will build an urban distribution centre (UDC) at Thane with an investment of Rs 800 crore.

Over 17.4L opted for higher pension on higher contribution under EPS-95

As many as 17.49 lakh members of retirement fund body EPFO have applied for the option to contribute on their actual (higher) basic pay for eventually getting higher pension after an apex court order in November 2022, Parliament was informed on Monday.

Sourcing new orders may be an uphill task for small & mid-sized road construction cos

\"Large players with strong balance sheets benefiting at expense of small & mid-sized players\"

Indian IT services hiring to remain low till growth momentum picks up by H2 FY26

Hiring in the Indian IT services industry is expected to remain low-key in the near term until the growth momentum picks up by H2 FY2026, according to ICRA.

Vedanta board approves 4th interim dividend of ₹8.5 per share for FY25

With earlier payouts of ₹11 and ₹4, total interim dividend paid by Vedanta in current fiscal is ₹43.5 per share

THE TARIFFS GAME

So far, we have heard of US president-elect Donald Trump's wide-ranging threats regarding tariffs on imports into the US.

RBI Guv exhorts staff to strive for perfection

Malhotra 'reassured' staffers that the RBI, an 'august institution', is his 'family' now

CIL spends ₹1,209 cr on solar projects

State-owned CIL has spent a total of Rs 1,209 crore on ground-mounted solar power projects having a capacity of 661 MW, the government on Monday said.

Indian office mkt set for record leasing in 2024

India is set to witness a record office space leasing activity in 2024, reaching 83-85 million square feet of gross leasing value (GLV), which is a 13 percent growth from last year, as per a report on Monday.

Gilts down on rise in US yields before FOMC outcome on Thu

Prices of government bonds ended lower, tracking an overnight rise in US yields ahead of the Federal Open Market Committee's meeting this week, dealers said.

Swiss' withdrawal of MFN status not to impact EFTA trade pact: Secy

Swiss suspension of the most favoured nation clause in the Double Taxation Avoidance Agreement (DTAA) will not have any impact on the commitments signed in a trade agreement between India and the EFTA bloc, a top government official said on Monday.

India sees over 90% rise in smartphone exports in Nov

India has seen a record smartphone exports in November this year, surpassing the Rs 20,000 crore mark for the first time in a month, which was led by Apple.

₹ falls 11 paise to all-time low of 84.89 per USD

The rupee depreciated by 11 paise to close at an all-time low level of 84.91 against the US dollar on Monday, dragged down by a negative trend in domestic equities.

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25

The government has realised Rs 8,625 crore through various minority stake sale disinvestments so far during the current financial year 2024-25 MoS Finance Pankaj Chaudhary informed Lok Sabha on Monday in a written reply.

‘No timeline for introduction of regulatory guidelines for virtual digital assets industry’

There is no timeline for introduction of comprehensive regulatory guidelines for the Virtual Digital Assets (VDA) industry, Parliament was informed on Monday.

WPI inflation declines to 3-mth low of 1.89% on cheaper food

\"We expect the MPC to cut the policy repo rate by 25bps in its February meeting,\" Barclays said

Record high imports push Nov trade gap to all-time high

Exports contract 4.85% in Nov; trade deficit widens to record $37.84 bn

Flash composite PMI rises to 4-month high in December

India's private sector output expanded at the fastest pace in four months in December, led by a jump in service sector activity, even as companies across both the manufacturing and the service sectors saw a faster upturn in new business intakes.

Nomura sees India GDP growth slowing sharply to 5.8% in 2025 vs 6.5% in 2024

Nomura expects India's GDP growth to moderate to 5.8% on year in 2025, lower than the consensus estimate of 6.7%, the broking firm said in its latest global macroeconomic outlook.

India needs ₹16,000 crore capex to meet public EV charging demand by 2030

India needs capital expenditure to the tune of Rs 16,000 crore to meet the country's growing public charging demand for electric vehicles (EVs) and achieve the mission of over 30 per cent electrification by 2030, according to a report released on Monday.

Mkts decline amid weak global trends

Benchmark indices Sensex and Nifty closed lower on Monday as investors turned cautious ahead of the US Fed interest rate decision amid weak global cues.

Mahakumbh: Nanded sends plates and bags

Around 10,000 Bhandaras will be organised during the Mahakumbh

80% attendance for CTET at 38 centres

The Central Teachers Eligibility Test (CTET) was conducted across 38 centres in Chhatrapati Sambhajinagar on Saturday, with 80% of the 48,000 registered candidates appearing for the examination, according to CTET city coordinator Sharda Gupta.

Bandh sees mixed response in city

Ambedkarites and Republican Sena have been protesting a custodial death

City celebrates Datta Jayanti

Datta Jayanti was celebrated with enthusiasm in the city at the Datta Temples at various places on Saturday.

Horse festival seeks support

The Sarangkheda Chetak Festival, held annually during Datta Jayanti in Nandurbar district's Shahada taluka, is renowned as a major horse-trading and cultural event.