CATEGORIES

Cloud over Paytm investment in arm

Report claims govt has deferred approval of 50 crore investment; fintech firm denies

BharatPe elevates interim CEO Nalin Negi to top post

FINTECH MAJOR BHARATPE on Tuesday appointed Nalin Negi as the new CEO of the company.

Aditya Birla Capital targets 30 mn users with new fintech app

Group sees its core businesses growing 19-21% in 3-5 years

Ericsson India sales fall 11% in January-March

TELECOM EQUIPMENT MAKER Ericsson on Tuesday reported an 11.3% quarter on-quarter (q-o-q) decline in revenue from its India operations to 5.3 billion Swedish crowns (around ₹4,046 crore) for the January-March quarter, according to the company's earnings.

TCS' AI workforce among world's largest, says CEO

Deal pipeline worth 900 mn in new-age tech as of end of Q4

Musk may meet with space startups during India visit

ELON MUSK IS expected to meet with Indian space companies when he visits the South Asian country next week.

Zomato rolls out large order fleet

Electric fleet to deliver to up to 50 people

Honda lines up hybrid cars even before India duty cut

EVEN BEFORE INDIA formally decides to reduce duty on hybrid cars, Japanese auto giant Honda has lined up o at least one product launch on this technology in the next few years to capitalise on the demand momentum.

China's Q1 growth beats expectations

THE CHINESE ECONOMY grew more than expected in the first three months of the year, new data shows, as China built more factories and exported huge amounts of goods to counter a severe real estate crisis and sluggish spending at home.

EU aims to propose new sanctions on Iran

THE EUROPEAN UNION aims to propose fresh sanctions on Iran over its strike on Israel as early as next week when the bloc's top diplomats meet to discuss the limited options they have for constraining both activities.

Pvt investment in highways likely to recover this fiscal

THE SHARE OF privately funded highways in the overall award of projects this fiscal could touch the government's target of 10%, and the pace of construction will pick up further to reach 12,500-13,000 km, according to a research report by rating agency Icra.

No plan to monetise govt stake in Vi: Dipam secy

THE GOVERNMENT HAS no plans to monetise its stake in Vodafone Idea, Tuhin Kanta Pandey, secretary, department of investment and Public Asset Management (Dipam), told FE, ahead of the telecom operator's mega follow-on public offer (FPO).

Revamped housing schemes in Modi 3.0

Enhanced financial assistance for rural and urban beneficiaries

New X users may have to pay to like & post

IN A BID to restrict the onrush of bots and fake accounts, new users on social media platform X (formerly known as Twitter) may now be required to pay a small annual fee to be able to like, post, bookmark, and reply.

IMF ups India growth forecast citing strong domestic demand

FY24 growth now seen at 7.8%, FY25 rate at 6.8%

Rupee plunges to all-time low

West Asia tensions, US Treasury yields weigh

Reliance tries to sell US oil as more flows in from Russia

RELIANCE INDUSTRIES OFFERED US oil to other buyers in Asia last week, an unusual move for refiners who rarely seek to resell crude within weeks of buying it.

Zee withdraws Sony merger plea from NCLT

ZEE ENTERTAINMENT ON Tuesday said it will withdraw its merger implementation application from the National Company Law Tribunal (NCLT) in Mumbai, bringing to an end the legal challenge it had launched against Sony on January 24, following the collapse of their $10-billion proposed merger that month.

Beset by hacks, Microsoft copes with cybersecurity

THE WORLD'S LARGEST seller of cybersecurity products has a problem with its own cybersecurity. In recent years, Microsoft has been hit with a series of embarrassing hacks that have exposed corporate and government customers.

Pandya's ticket to US, Caribbean hangs on how he bowls this IPL

HARDIK PANDYA'S COMEBACK to the Indian team for the T20 World Cup might well depend on how well and how often he bowls in the remainder of the IPL. In a meeting between India head coach Rahul Dravid, chairman of the selection committee Ajit Agarkar and captain Rohit Sharma at the BCCI headquarters in Mumbai last week, it's understood that a decision was taken that Hardik has to bowl regularly if he wants to make a comeback.

BJP looks at Tirunelveli to expand footprint in TN

WITH ITS MIX of prominent castes such as OBC Nadars and Thevars (including Maravars), a substantial presence of SCS/STS, and its large Muslim population, the Tirunelveli Lok Sabha constituency is a testing ground for the cross-caste consolidation the BJP is building to expand its footprint in Tamil Nadu.

Kejriwal to stay in jail; SC seeks ED reply by Apr 24

Judicial custody until April 23; SC to hear plea in week starting April 29

Steel firms fall short of PLI target due to China delays

STEELMAKERS FELL SHORT of an investment target for the fiscal year to March 2024 due to a delay in importing machinery from China and securing visas for Chinese experts, according to a government document reviewed by Reuters and sources.

At TCS, weak discretionary H demand a worry: Analysts

DESPITE POSTING A good set of numbers during the January-March quarter, analysts maintain that weak discretionary demand will remain a pain point for TCS.

Ambuja to buy grinding unit in TN

AMBUJA CEMENTS, AN Adani Group company, has signed an agreement to acquire My Home Group's 1.5 million tonne per annum (MTPA) cement grinding unit in Tuticorin, Tamil Nadu, for ₹413.75 crore.

PNB Housing to focus on affordable housing

This will enrich the product portfolio and reduce impact on NIM

TCS: Limited near-term growth visibility

Aims for 6.3% to 7.3% y-0-y revenue growth during FY25-26

Pilibhit battle without BJP's Gandhis

LOCATED NEAR THE foothills of the Shivalik range, Pilibhit is a constituency where tractors dominate the roads more than any other vehicle and wheat, rice and sugarcane are grown in turns.

PM: Critics of electoral bonds, beware!

THE SCRAPPING OF the electoral bonds in a landmark decision by the Supreme Court in February is a decision \"everyone will regret when there is honest reflection\" and has \"completely pushed the country towards black money\", Prime Minister Narendra Modi told news agency ANI Monday.

Banks push to grow deposits faster in bid to lower CD ratio

AFTER THE RESERVE Bank of India (RBI) raised concerns about the high credit-deposit (CD) ratio, banks have started taking steps to bring it down by growing deposits faster in the fourth quarter.