CATEGORIES

To gauge PSE valuation before listing them: FM

THE GOVERNMENT IS closely monitoring the valuation of state-run companies and working on improving their valuation before listing them, finance minister Nirmala Sitharaman said at an event on Wednesday.

Govt may borrow ₹7.5 trillion from market in H1FY25

THE CENTRE IS planning to raise ₹7.5 trillion through market borrowing in the first half (April-September) of 2024-25.

Small is not big for HUL, bucks trend to hive off businesses

Strategy may change in future as competition grows, Say analysts

Rupee nears all-time closing low; RBI steps in

THE RUPEE FELL to 83.45 against the dollar on Wednesday - lower than the all-time closing low of 83.43 on March 22 - as the yearend demand from importers created a shortage of the greenback.

AI may narrow los to ₹7,000 crore in 2nd yr under Tata

Carrier's FY23 loss was at ₹11,381 cr

Baba Kalyani's firm says suit aims to tarnish his image

BHARAT FORGE IN a statement released on Tuesday said the allegations made by Baba Kalyani's nephew, Sameer Hiremath and niece Pallavi Anish Swadi, in a suit filed at a Pune sessions court were false and baseless.

T+0 kicks off with 25 scrips

WITH INDIA LAUNCHING the beta version of the T+0 cycle for 25 stocks, including 10 Nifty stocks from Thursday, it will become the second country in the world after China to do same-day settlement.

Visa, Mastercard Reach $30-bn Swipe-Fee Deal With Retailers

VISAAND MASTERCARD agreed to cap credit-card swipe fees - a deal that US merchants say will save them at least $30 billion over five years in one of the most significant antitrust settlements ever as they seek to end a legal fight that spanned almost two decades.

How Kohli Made A Statement With One Shot When Facing Kagiso Rabada

"I COULDN'T LOOK up because I was just not used to being called my name for two months," Virat Kohli would say about how it took time to get used to the crowd chants after a two-month break out of the country for the birth of his second child.

FCI Wheat Stocks Fall To 16-Year Low

May be closer to buffer of 7.46 MT for April 1

Adani To Buy 95% Stake In Gopalpur Port For ₹3,350 Cr

ADANI PORTS AND Special Economic Zone (APSEZ), India's largest private port operator, has signed an agreement to acquire a 95% stake in Odisha's Gopalpur Port (GPL) for an enterprise value of ₹3,350 crore.

China To Challenge Biden's Electric Vehicle Plans At WTO

CHINA HAS INITIATED dispute settlement proceedings against the United States at the World Trade Organization (WTO) to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed.

P2P lenders focusing on fixed tenure products after RBI rap

PEER-TO-PEER (P2P) LENDING platforms are increasingly focusing on fixed-tenure products as the Reserve Bank of India (RBI) has expressed displeasure over liquid funds or instant withdrawal products.

This summer, AC, fridge sales may go up 25%

THE COUNTRY'S TOP appliance manufacturers anticipate a significant surge in sales of refrigerators and air conditioners (ACS) this summer season, with expectations ranging from a 20% to 35% increase.

Motherson enhances capacity to meet aerospace sector demand

HEALTHY DEMAND FROM aircraft manufacturers has led components maker Motherson Group to increase production capacity as well as the capabilities of its aerospace division.

Wipro-GE to spend ₹8,000 cr on local manufacturing, R&D

WIPRO GE HEALTHCARE on Tuesday said it will invest over ₹8,000 crore in India over the next five years to increase local manufacturing and research and development (R&D) initiatives.

India stops buying Venezuelan crude

INDIAN REFINERS HAVE stopped buying Venezuelan crude oil amid the looming US sanctions on the tankers from the south American nation and may not revive the trade with it at least until they see signs of full snapback, according to analysts.

Net exports seen a growth driver in current quarter

Economists see growth to be higher than the NSO estimate of 5.9%

Improved margins make Colgate an FMCG outlier on the bourses

COLGATE-PALMOLIVE 52-week INDIA hit a of intra-day high ₹2,760.95 on the BSE on Tuesday in a weak market.

Kalyani family dispute escalates

THE FAMILY DISPUTE involving Bharat Forge chairman Baba Kalyani and his younger sister Sugandha Hiremath has flared up once again.

Daimler bets on infra play with 14 launches for 2024

THE INDIAN SUBSIDIARY of Daimler Truck, one of world's largest commercial vehicle (CV) makers, is stepping on the accelerator to cash in on the push for infrastructure development which is expected to get a leg-up post the upcoming elections.

Carlyle weighs $1-bn IPO for Hexaware

IT company may relist on the bourses after three years

CAD narrows to 1.2% despite high trade deficit

INDIA'S CURRENT ACCOUNT deficit (CAD) narrowed to 1.2% of the gross domestic product (GDP) in Q3FY24 from 2% in the corresponding period of FY23, aided by arise in services trade surplus and higher remittances, according to data released by the Reserve Bank of India (RBI) on Tuesday.

Meesho lines up $300-mn round

Tiger Global, SoftBank likely top participants

Banks To Get Upper Hand In Gold Loans

THE RESERVE BANK of India (RBI)'s measures on IIFL Finance are likely to give banks an upper hand in the gold loan market as nonbanking finance companies (NBFCs) may have to reassess disbursement models and deploy stringent measures to comply with regulatory norms, experts said.

Analysts bullish on PSB stocks next fiscal

STOCKS OF PUBLIC sector banks (PSB) will likely continue outperforming the private peers for a major part of the next financial year, analysts say/

Coal, the dirtiest fossil fuel, braces for a gradual farewell journey

MORE THAN TWO years after climate attempted to consign coal to history, the dirtiest fossil fuel is having a moment.

Future-proof your overseas studies

Get cover for academic interruptions, sponsor support family visits

Russia casts doubt on IS responsibility for concert attack

RUSSIA ON MONDAY challenged assertions by the United States that the Islamic State (IS) militant group orchestrated a gun attack on a concert hall outside Moscow that killed 137 people and injured 182 more, accusing Washington of covering for Ukraine.

Barista to end FY24 with ₹240 crore in revenues; eyes 800 outlets target

AS THE COMPETITION among coffee chains brews up on the back of the rising consumer demand for premium coffee experiences in India, the Haryana-based coffee chain, Barista, has set an ambitious plan.