CATEGORIES

UltraTech lines up ₹32K-cr capex push

ULTRATECH CEMENT, INDIA'S largest cement producer, has earmarked ₹32,400 crore as capex for the next three years for expansion of its production capacity, which will include completing its acquisition of Kesoram Cement.

2W sales hit a six-year high in March

TWO-WHEELER SALES hit a sixyear high in March with volumes rising 16% year-on-year to 1.52 million units aided by positive buyer sentiments, new launches and easy finances.

More layoffs at Byju's; two-year total at 10K

EDTECH MAJOR BYJU'S is understood to have initiated another round of layoffs since March 31 and sources aware of the matter said close to 500 employees have been impacted.

Tata Realty bets on office space to spur growth

Targets to raise share of commercial to 70% in its portfolio

Vodafone Idea EGM seeks nod for ₹20K-cr fundraise

VODAFONE IDEA CEO Akshaya proMoondra on Tuesday said the moter shareholding in the company will fall to about 40% from 50% now, post the equity fundraise of ₹20,000 crore.

Big Oil beating Big Tech before OPEC meet

BIG TECH MAY be driving the stock market, but after a blowout first quarter, big oil would like a word.

NATO proposes $100 bn fund to aid Ukraine

NATO SECRETARY GENERAL Jens Stoltenberg is proposing to establish a fund of allied contributions worth $100 billion over five years for Ukraine as part of a package for alliance leaders to sign off when they gather in Washington in July.

WeWork may save $8 bn in rent after bankruptcy ends

BANKRUPT CO-WORKING COMPANY WeWork is nearly finished shrinking its moneylosing real estate portfolio and could leave court protection by the end of next month, the troubled firm said.

Tesla misses Q1 delivery estimate, first since 2020

TESLA SUFFERED ITS first year-over-year sales drop since the early days of the Covid pandemic.

India, Eurasian union kick-start FTA discussions

INDIA AND THE five-nation Eurasian Economic Union (EaEU) that comprises Russia will soon start formal negotiations for a free trade agreement (FTA).

Statistical panel to become NSSO advisory body

IN ORDER TO address delays and inadequacies in socioeconomic surveys conducted by the National Sample Survey Office (NSSO), the government is planning to appoint the National Statistical Commission (NSC) as an advisory body to the survey office.

Agri trade on e-NAM tops 78,400 crore

WITH MORE STATES opening up or facilitating trade of agricultural commodities on the government's electronic National Agriculture Market (e-NAM), trade on the digital wholesale platform crossed ₹78,424 crore in FY24, up 5% YoY.

NHAI beats target, 20% rise in construction

6,644-km highways built with ₹2.07 trn capital expenditure

Factory growth at 16-year high

INDIA'S MANUFACTURING PURCHASING Managers' Index (PMI) surged to a 16-year high of 59.1 in March, while remaining in the expansion zone for 33 consecutive months, S&P Global said on Tuesday, citing \"buoyant\" demand conditions.

DGCA cracks the whip on Vistara

Seeks daily information on cancellations, delays

Kejriwal sent to judicial custody till April 15

DELHI CHIEF MINISTER Arvind Kejriwal was taken to Tihar Jail on Monday afternoon, hours after a city court sent him to judicial custody till April 15.

Microsoft to unbundle Teams from Office after EU pressure

MICROSOFT WILL SELL its chat and video app Teams separately from its Office product globally, the US tech giant said on Monday, six months after it unbundled the two products in Europe in a bid to avert a possible EU antitrust fine.

Praggnanandhaa & sister Vaishali to make historic Candidates debut

AT THE UPCOMING Candidates chess tournament, India's 18-year-old R Praggnanandhaa and 22-year-old R Vaishali will carve a slice of history before a pawn has marched down the battlefield of the 64 squares: they will become the first brother and sister duo to play at the prestigious tournament, which has been around since 1950.

Downgrade-to-upgrade ratio inches up

Credit quality outlook of India Inc stays positive

Jio adds 4.2 million mobile users in Jan

EVEN AS RELIANCE JIO added 4.18 million mobile users in January its highest in 19 months, peer Bharti Airtel got the lead in active subscribers, with nearly 3.6 million additions during the month, according to data by the Telecom Regulatory Authority of India (Trai).

Consumer staples: Gradual recovery expected

With normal monsoons and anticipated price hikes this fiscal

ICICI Lombard: Focus on tech initiatives

Will boost profitability via efficiency and scale in medium term

In Bihar, cautious NDA going with known names

NOW THAT BOTH the NDA and INDIA bloc have announced their seat-sharing formula, and their constituent parties have declared their candidates as well, two things are clearly emerging in the battle for Bihar.

Congress gets relief over ₹3,500-cr tax payment

Apex court posted the matter for next hearing on July 24

RBI to provide stable financial system: Das

AS THE RESERVE BANK of India (RBI) moves towards its 100th foundation day, it will continue to strive to provide a robust financial system which will propel economic progress in the coming decade, governor Shaktikanta Das said on Monday.

Growing competition from new-age firms forced ICICI Securities' delisting: Analysts

ICICI BANK DECIDED to delist its subsidiary, ICICI Securities, driven by heightened competition from online brokerage firms such as Zerodha, Groww and Upstox, alongside the cyclical nature of the securities business, according to analysts.

Banking sector strong, sustainable, says PM

Asks RBI to study emerging technologies to set specific goals

Aditya Birla arm charts revival path for Reebok

ADITYA BIRLA FASHION and Retail (ABFRL) has been quietly shoring up the retail presence of Reebok, the sportswear brand whose distribution rights it acquired in December 2021 for India and South East Asian countries at an estimated 100 crore from the Authentic Brands Group, Reebok's new owner.

Prestige in ₹2K-cr dea with ADIA, Kotak AIF

Second big tie-up for the developer after Blackstone in 2020

Liberty to buy MotoGP in $3.8-bn deal

Liberty Media is buying the motorcycle racing league MotoGP World Championship from Bridgepoint and Canada Pension Plan Investment Board as part of a $3.8 billion (₹3.5 billion) deal.