CATEGORIES

Forex kitty drops $29 bn in six weeks

India's foreign exchange reserves declined $6.48 billion in the week ended November 8 to touch $675.7 billion.

Pinaka rocket launcher completes flight tests

One of the Army's most devastating fire support systems, the indigenous Guided Pinaka Weapon System, has successfully completed its flight tests, the Defence Research and Development Organisation (DRDO) announced on Thursday.

SBI seeks record $1.25 bn in 5-yr loan

State Bank of India (SBI) plans to borrow up to $1.25 billion, in what would be the largest dollar-denominated loan from the country's financial sector this year, according to people familiar with the matter.

Stronger oil trade tops PM's agenda

Nigeria among India's top crude suppliers; OVL eyes offshore Guyanese blocks

EU corners India, developing World over carbon tax at COP29

The tax, or CBAM, is to be imposed by EU in 2026 on products whose manufacturing processes do not follow certain emission standards

Life insurers turn to policies with high value

Life insurers shifted their focus to selling high-value policies in October as the transition to new surrender value norms, effective October 1, limited their ability to roll out all products in their portfolio.

China slowdown leads to trade decline with India

India's bilateral trade with China stood at $10.7 billion during October, witnessing a 0.46 per cent contraction amid a slowdown in the neighboring country, commerce department data showed.

Indian economy in a sweet spot: Moody's

The Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said in its latest global macro outlook published on Friday.

JioStar won't limit itself to premium subscription model, says Uday Shankar

Vice-chairperson of the combined entity of Reliance Industries (RIL) and The Walt Disney Company, Uday Shankar said JioStar (the combined entity) is very focused on \"taking its streaming products to the lowest echelons of the Indian society.\"

HZL emerges preferred bidder for Raj gold block

Hindustan Zinc (HZL) on Friday said it has secured a composite licence for a gold mining block in Rajasthan through the state government auctions.

Galaxy Health rolls out 1st product

Firm backed by Venu Srinivasan and V Jagannathan received regulatory licence in March

Bangladesh crisis casts a shadow over India's medical tourism

The unrest in Bangladesh, which prompted India to recall its staff from Dhaka high commission and temporarily halt visa issuance there, has dealt a blow to medical tourism back home.

Tyre prices may increase in Q3 to offset input cost rise

India's leading tyre manufacturers are likely to hike prices for a third consecutive quarter, aiming to offset the persistent rise in the cost of raw materials, particularly natural rubber.

India Inc capex slowed in FY24

The aggregate private capex in the last financial year 2024 (FY24) slowed down marginally to ₹9.4 trillion as compared to ₹9.5 trillion in FY23, a study conducted by Care Ratings on the annual statements of 1,074 listed non-financial companies showed.

Mankind Pharma pledges 39.68% in Bharat Serums for ₹5K cr NCDs

Health care major Mankind Pharma has pledged 39.68 per cent of its equity in Bharat Serums and Vaccines (BSV), a wholly-owned subsidiary, to Catalyst Trusteeship to secure nonconvertible debentures (NCDs) totalling ₹5,000 crore.

2Ws drive retail sales this festival season but inventory woes persist

Rural demand behind the surge; Fada expects inventory to ease on the back of 4.8 mn weddings

Reliance asks Trai to review reach of Starlink, Amazon

Retail-to-refining giant Reliance has asked the Telecom Regulatory Authority of India (Trai) to review the potential reach of Elon Musk's Starlink and Amazon's Kuiper before awarding satellite spectrum amid concerns local players could suffer, a letter showed on Friday.

Will source chips from India for the world

Taiwan-based MediaTek, a global fabless semiconductor company, is in competition with its main rival, United States-based Qualcomm, across the world as well as in India. FINBARR MOYNIHAN, US-based vice-president (corporate marketing) of the company, tells Surajeet Das Gupta in New Delhi about MediaTek's India strategy, automotive play, and its alliance with Nvidia. Edited excerpts:

RBI may draw up road map for ECL adoption

The Reserve Bank of India (RBI) is expected to drop broad hints for the adoption of the expected credit loss (ECL) framework at Monday's meeting with the boards of private banks in Mumbai.

Only govt can take final call on audit standards

The Solicitor General of India, in an opinion provided to the National Financial Reporting Authority (NFRA), said the Institute of Chartered Accountant of India (ICAI) does not have the power to issue any binding standards or guidelines for audit, according to people in the know.

₹28,677 cr so far: Selloff by FPIs unabated in Nov

No immediate relief expected amid shrinking US-India bond yield spread, subdued earnings

JP Morgan sets up unit in GIFT City for derivative products

JPMorgan Chase & Co, in a first for any global bank, has set up a unit to develop derivative products in India's newest international hub, according to people familiar with the matter.

Brokerages upbeat on Vedanta despite 15% fall

Operational efficiencies, capacity expansion driving analysts' optimism

1 of 4x listed firms paid over 20% of profit to related party as royalty: Sebi study

A study conducted by the Securities and Exchange Board of India (Sebi) has uncovered some alarming trends in royalty payments made by listed companies, with some of them doling out more than 20 per cent of their net profits as royalty to related parties.

Near-term demand woes to keep Samvardhana's margins under pressure

The stock of the largest listed auto component company, Samvardhana Motherson International, has shed about 23 percent of its value over the past month.

New F&O entrants to reshuffle the deck for Nifty 50, Sensex

Newcomers primed to shine, driven by index inclusion hopes

Equity MFs keep powder dry amid volatile markets

Active equity schemes held nearly ₹1.7 trillion in cash at the end of October

Musk's call for $2 trillion spending cut bad for markets: Chris Wood

Billionaire Tesla Chief Executive Officer (CEO) Elon Musk's ambitious plan of cutting at least $2 trillion of federal spending under incoming President Donald Trump's administration will boost the US dollar while hurting stock markets, Christopher Wood, global head of equity strategy at Jefferies, said on Thursday.

FTA SOP OPERA

After years, a standard operating procedure for FTA talks is back on the govt's agenda. How far can it help?

Universal Studios looks to join Excel cast with stake buy

This comes hot on heels of Poonawalla-Dharma deal