CATEGORIES

Railway budget to swell 25% to ₹3 tn

Budgetary allocation for Indian Railways is expected to hit record levels in 2024-25 as the government gears up to support a major makeover for the national transporter with additional modern and faster trains and improved safety features.

Sanctions cloud: SBI avoids Russia oil bills

State Bank of India (SBI) has long avoided payment transactions for Russian oil bought by staterun refiners to avert US sanctions that came into force on 5 December 2022, two people aware of the matter said.

'Can't afford a crypto mania; RBI stance stays unchanged'

The US may have greenlighted exchange-traded funds (ETFs) in bitcoin, but for India's apex banking regulator, cryptocurrencies remain a strict no-no.

Attrition falls in IT Inc.

Tata Consultancy Services (TCS) Ltd and Infosys Ltd on Thursday reported their lowest attrition in more than two and three years, respectively, indicating a muted job market in the growing shadow of artificial intelligence (AI).

TCS edges past Infy in slow Dec quarter

Both firms may see slowest full-year growth in current fiscal year

Pulse of a nation: Is self-sufficiency in dal possible?

Last week, the government launched a new portal to buy pulses directly from farmers at support prices, targeting to be self-sufficient by 2027. To achieve that goal farmers will also need high-yielding varieties and a favourable trade policy. Mint explains:

Markets up on gains in IT stocks, Adani's mega investment plans

India's Nifty 50 and Sensex rose on Wednesday, led by gains in IT companies ahead of quarterly results and boosted by a jump in some Adani group stocks on the conglomerate's plan for a $24 billion investment.

Budget To Focus On 5 Key Social Segments

Special attention on the poor, women, youth, farmers, tribals

On bended knee for a dairy treat in Sofia, Bulgaria

From a range of cheeses to warm yogurt dishes, the Balkan country serves up a lactose lover's dream buffet

'Camp memories' from Jammu in the 1990s

Siddhartha Gigoo's memoir captures life in the Udhampur camp in Jammu in the 1990s and the continuing trauma of Kashmiri Pandits

India's burden of public debt has stayed within reasonable limits

The Centre has spent heavily on its developmental priorities without borrowing more than what our GDP growth can handle

Our import duty regime needs urgent correction

The budget is an opportunity to rectify inversions. We need generally lower tariffs and not just item-wise fixes for better trade performance and integration with global value chains

Got insurance policy? Know the cost of surrendering it

The process involves multiple visits to the branch office, affects surrender value of policy

DOES VIVO HAVE A FUTURE IN INDIA?

The smartphone maker is battling charges of money laundering. This has implications for its business partners and employees

India set to become one of the top three economies: PM Modi

The prime minister envisioned India's strategic development over the next 25 years

'Global air travel at 99% of pre-covid level'

The latest air travel data for November has revealed that global air travel has reached 99% of pre-covid levels with Asia-Pacific leading the recovery path, International Air Transport Association has said.

Former TCS exec Phiroz Vandrevala dies

Phiroz Vandrevala, former Executive Director of Tata Consultancy Services (TCS), has passed away at the age of 70. TCS released a statement on X saying it was \"saddened to share the news of the passing of Mr Phiroz Vandrevala, former director on the board of TCS.\"

India's value retail can reach $170 bn by 2026

This segment is set to grow at CAGR of 15% till 2026, says report

SpiceJet to use fresh funds to cut liability, expand network

SpiceJet's net liabilities stood at ₹12,584.9 crore as of September 2023, lower than ₹13,147.3 crore in June 2023

Govt working on clean ATF road map: Scindia

The Centre is likely to start giving recommendations for SAF from 2027

Film-makers bank on sequels as original content disappoints

Major hits in Hindi and southern languages after the pandemic have been part of established franchises

Tata plans chip plant in Gujarat

Tata Group is planning to build a huge semiconductor fab in Gujarat's Dholera, and it will begin operations in 2024 itself, Chandrasekaran chairman N. said on Wednesday.

OVL opens GIFT City treasury hub to efficiently consolidate funds

ONGC Videsh Ltd has incorporated a wholly owned subsidiary called OVL Overseas IFSC Ltd in Gujarat’s GIFT City that will function as a treasury hub catering to OVL and its 25 subsidiaries, including step-down subsidiaries, across 15 countries.

Amrut Distilleries to raise capacity in Bengaluru by 30%

Over the next few years, Amrut Whisky plans to sell its Indian malts across 75 countries, up from 57 at present

Maruti plans ₹35,000 cr plant in Gujarat

Maruti Suzuki India said it plans to have a production capacity of about 4 million vehicles by FY31

'Adani group to invest ₹2 tn in Gujarat'

Richest Asian Gautam Adani on Wednesday announced a ₹2 trillion investment in Gujarat over the next five years, largely in setting up the world's largest clean energy project that will be visible even from space.

RIL set to commission energy complex this yr

The complex will create jobs, and help Gujarat export green products

Investors buy gold bonds worth record ₹7,500 crore in Dec

Indian resident demand for sovereign gold bonds hit a record high of 12.1 tonnes, valued at ₹7,505 crore in the recently concluded third tranche last month, reflecting the robust demand despite equity markets ruling at record highs.

ICICI leads rupee corporate bond mkt

The central bank in September allowed lenders to include company notes in their held-to-maturity book

Timely execution of large projects to power up SJVN's prospects

Shares of state-run power generation firm SJVN Ltd have performed impressively, gaining about 94% in the past six months to ₹91 apiece.