CATEGORIES

A Pivotal Retreat on Crypto

The US Securities and Exchange Commission (SEC) has recently dramatically shifted its approach toward cryptocurrency regulation by dropping high-profile lawsuits against major exchanges like Kraken and Coinbase.

Shareholder capitalism is back

THE VIRTUE ECONOMY, the only bubble I have ever called, has now completely burst. Many companies are cutting their DEI programmes, flows into ESG funds in the US have fallen, and companies are being quieter about politics.

Godrej Consumer opens ₹515-cr Chennai unit

GODREJ CONSUMER PRODUCTS (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of ₹515 crore.

Record 115 MT wheat output seen

WHEAT PRODUCTION IS projected at a record 115.3 million tonne (MT) during the 2024-25 crop year (July-June) — an increase of 2% over the previous year, the second advance estimates of major crops released by the agriculture ministry on Monday showed.

Govt's FY25 spending to exceed revised estimate

THE CENTRE ON Monday sought Parliament's approval for net additional spending of ₹51,463 crore in the second batch of supplementary demand for grants for FY25, which could lead to government expenditure exceeding the revised estimate (RE) of ₹47.16 lakh crore, sources said.

2W dealers anxious as new norms from Apr 1; no clarity on old stock

The next stage of regulatory compliance for two- and three-wheelers is set to kick-start on April 1, 2025.

Maha budget: ₹36K cr to Ladki Bahin; 3rd airport for Mumbai metro region

THE MAHARASHTRA GOVERNMENT on Monday allocated ₹36,000 crore for the Ladki Bahin scheme but did not announce a hike in the allowance, proposed to increase Motor Vehicle Tax by 1% on CNG and LPG vehicles, as it presented a ₹7,00,020 crore budget for the fiscal 2025-26.

Optimistic growth outlook for L&T

Real estate, defence, thermal power are key growth drivers

Sun Pharma to Acquire Checkpoint for $355 Million

SUN PHARMACEUTICAL INDUSTRIES said on Monday it will acquire Checkpoint Therapeutics, a US-based immunotherapy and targeted oncology company, for $355 million.

Prices of veg, non-veg thali down 5% in February: Crisil

THE COST OF vegetarian and non-vegetarian thali declined by 5% on-month in February due to lower vegetable and broiler prices, a report by Crisil Market Intelligence and Analysis said on Monday.

Chhattisgarh liquor scam: ED raids premises of former CM Baghel, son

The Enforcement Directorate (ED) on Monday conducted searches at 14 locations in Chhattisgarh's Durg district, including the residence of former chief minister Bhupesh Baghel and his son Chaitanya, in connection with an alleged liquor scam.

Account discrepancy to hit net worth: Indusind Bank

Appoints external auditor to review internal findings

Vanuatu PM orders cancellation of Lalit Modi's passport

The Indian High Commission had reached out to authorities in Vanuatu and made them aware about Lalit's antecedents and cases of economic offences pending against him

Data find clues to hidden water-ice on the moon

Chandrayaan-3 Data Findings

Rural, q-comm boom may push FY26 retail hiring to record level

HIRING AT RETAIL and fast-moving consumer goods (FMCG) companies is likely to see a record 10-15% growth in FY26, led by a recovery in rural markets, a boom in quick commerce in urban markets and cuts in personal income tax rates.

Parliamentary panel on railways calls for PPP push

TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.

Poverty of ambition

Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth

Sun to buy Checkpoint for $355 mn

THE DEAL WILL be made through an upfront cash payment of $4.10 per common share, a premium of about 66% to Checkpoint's last close on Friday, Sun Pharma said in an exchange filing.

Noida Airport opening delayed to June qtr: Zurich Airport CFO

THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.

Gen AI funding in India rises to $400 million in 2024

FUNDING IN GENERATIVE AI rose to around $400 million last year, from $250 million in 2023, as more AI-enabled applications and platforms found product-market fit within enterprise work flows, a report by Bain & Company and Indian Venture Capital Association said.

NEP issue stalls Parliament as DMK MPs, Pradhan spar

The ongoing war of words between the ruling BJP and DMK led to disruptions in the Lok Sabha on Monday, with Union education minister Dharmendra Pradhan forced to withdraw certain remarks following protests by Tamil Nadu MPs.

Minimalist's expansion plans to pick up pace post HUL merger

Company to expand global footprint; new plant in Jaipur soon

Indices Fall on Tariff Concerns; VIX Jumps

SHARES ENDED LOWER on Monday, with the broader market seeing sharper cuts, as concerns over US tariffs and the ongoing market decline kept investors on edge.

How a personal problem led to a solution for many

IN 2014, A year after graduating from IIT Roorkee, life for Harshil Mathur and Shashank Kumar was all about taking the familiar course of working in large global corporations abroad.

No tariff cut pledge to US yet: Govt

THE GOVERNMENT ON Monday made it clear that it hasn't made any tariff reduction commitments to the US yet.

Broken rice exports to W Africa, Indonesia markets set to rise

THE GOVERNMENT'S MOVE to lift the ban on broken rice exports—the last of the restrictions on the shipments of the grain—is likely to aid market expansion in west African countries, including Gambia, Benin and Senegal, and Indonesia in the next fiscal, according to exporters.

Top realtors corner LRD loans at cheaper rates

WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.

Healthy portfolio growth for CreditAccess Grameen

Added 150,000 new customers in first two months of this year

India Adds 25.2 GW Solar Power in 2024

India added 25.2 gigawatts (GW) of solar power capacity in the calendar year 2024, significantly higher than the 8.3 GW installed in 2023, a recent report by Mercom on the solar market showed.

Stop asking for tax cuts, Gadkari tells India Inc

UNION MINISTER NITIN GADKARI on Monday asked the industry not to perpetually demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.