CATEGORIES

HCs shouldn't hear insolvency cases, argues Go First RP

High courts should not entertain insolvency-related petitions, the resolution professional of Go First argued before the Delhi High court on Wednesday.

Greaves diversifies business as e-mobility drives revenue

Greaves' electric scooter brand Ampere clocked operating profit of 75 lakh in March quarter

First chip plant should be a success: Chowdhry

Govt panel is examining the fine print of all 3 proposals to build the plant

'Amazon's focus is on building long-term customer trust'

In June, Amazon completes a decade since its launch in India, which along with Walmart-owned Flipkart (that launched in 2007), grew to become two of the biggest e-commerce marketplaces in the country.

Rule on rumour verification adds to compliance burden

Premature release of confidential info may have counter-productive effects, say experts

Firm refining prospects add to confidence on OMC outlook

The reported refining margins for oil marketing companies are expected to have got a further boost from rising contributions of lower priced Russian oil.

Oil sinks below $70 as physical market signals ample supplies

Oil fell below $70 as the physical market for crude signalled that supplies are more than adequate to meet the tepid demand.

ICG backs Amp Energy with $50 mn in APAC infra debut

ICG has also acquired an option to invest an additional $50 million in Amp Energy, the company said.

Nearly 55% of farm land getting irrigation: NITI Aayog's Chand

In Madhya Pradesh, under PMKSY-AIBP, 21 prioritized irrigation projects have been identified; out of which 17 projects have been completed, raising the state’s irrigation area by 16%.

Govt meets fiscal deficit target for FY23

Economists noted that the government had earned more in both tax and non-tax revenue

Govt to sell up to 3% stake in Coal India via OFS

The Central government is planning to sell up to 3% stake in Coal India Ltd through an offer for sale (OFS).

Govt clears ₹1 tn plan to let co-ops build grain storage

Move to reduce burden on FCI, cut wastage of farm produce and help farmers plan sales

Premium rates for PM-JAY to rise for first time since '18

The National Health Authority (NHA) is planning to revise the premium for the world largest health assurance scheme, the Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).

Beating estimates, India's GDP expands 7.2% in FY23

Economy grows 6.1% in March qtr, accelerating from 4.5% in preceding 3 months

US manufacturers look beyond China

US manufacturers seek China alternatives as tensions soar

APSEZ's auditor flags three deals

This is one of the first times when a leading audit firm has raised flags on the financial dealings of an Adani Group firm.

India reopens bids for $10-bn chip plan

India invites fresh bids for $10 billion chip-making plan

Sebi moves to deter promoters from misusing FPI route

The Securities and Exchange Board of India (Sebi) has proposed that foreign portfolio investors (FPIs) with investments concentrated in a single stock or stocks of a business group should provide granular information on beneficial ownership to custodians.

Adam Smith's 'Wealth of Nations' has valuable lessons for eternity

His insights in this all-time epic on human effort, division of labour and free markets are relevant even after three centuries

The world needn't suffer due to US brinkmanship

It is a relief that America’s debt ceiling impasse seems broken, but there is no reason for the world to be pushed to the edge, and perhaps it is time to think of ways of mitigating its risks

Softening Prices Will Support Growth: RBI

India must sustain structural reforms to boost growth potential

Nest egg: How NRIs save to fly back for the sunset years

The financial benefits for non-resident Indians become apparent when they earn in foreign currencies and convert them to Indian rupees to invest and save, leading to significant growth in rupee terms.

IS YOUR CHILD TRAPPED IN A DIGITAL ABYSS?

Outsmarting parents, children are exploring a dark space online. The risks are perilous Younger kids with a device of their own, connected to the internet, are at risk of digital addiction. In extreme cases, kids can cause self-harm and display psychotic behaviour.

Nvidia turns $1 tn firm as investors bet on AI

Shares have soared since co's sales forecast shattered Wall Street estimates

Sebi sets rules for investor funds

Sebi has came out with exhaustive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) maintained by stock exchanges and depositories.

We put ₹1.75 trillion into a/cs of people in Chhattisgarh: Baghel

These policies stimulated consumption and economic activity in the state, Baghel said. The annual income in Chhattisgarh has increased to ₹133,000 per year from ₹96,000 in 2018, he said.

'Petty politics' delaying rollout of key govt policies, says Goyal

Govt could have achieved much more in welfare with swift implementation, says minister

BlackRock cuts Byju's valuation for 2nd time

BlackRock has marked down the value of its stake in Indian edtech start-up Byju's by 26% in Q1 2022 and by 62% YoY, reducing the firm's estimated valuation to less than $8.4bn. Byju's, currently seeking fresh capital to repay loans, was valued at $22bn in 2021

Digital Re pilot to be expanded to other banks, locations

The retail e-Rupee has been launched in denominations of 50 paise, 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000, while wholesale e-Rupee does not envisage any denomination, the annual report said.

IBBI steps up heat on debt resolution professionals

IBBI had in 2022 permitted firms to take up the mandate of administering businesses going through the bankruptcy process in place of individual professionals, given that an organization will have more internal controls and governance systems.