CATEGORIES

SROs and fintechs: The emerging plot

The Reserve Bank of India (RBI) recently recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation for fintech (SRO-FT) and is in the process of examining two other applicants.

Amber lights flashing

The microfinance business is turning cautious as delinquencies inch up, reports RAGHU MOHAN

Have a heart condition? Go for specialised cardiac plan

Before purchase, check for waiting periods, co-payment requirements, and sub-limits

Breaking the silence on death and money

Rekha and Rahul, both in their early forties, were batchmates at the Indian Institute of Management (IIM). They married soon after graduating and enjoyed successful careers in Bengaluru.

'Nifty may consolidate between 22,000 and 26,000'

Dalal Street bulls are keeping their fingers crossed in the hope of a blockbuster year as markets enter Samvat 2081. RAHUL ARORA, chief executive officer for institutional equities at Nirmal Bang, tells Puneet Wadhwa in an email interview that, with earnings disappointments in India, foreign flows may not return immediately. Edited excerpts:

MFs cast their lines for record Oct catch

A haul of ₹87,000 crore nearly doubles previous record, reeling in a lifeline for stability

The price of power

For months after the January 6, 2021, rampage at the Capitol, the damaged window of Mitch McConnell's office was left unrepaired, a graphic reminder of the moment when one of rioters bashed the fortified glass with a flagpole.

Economy: Running as it is supposed to

With the Indian economy and markets, if you are too pessimistic, you will miss an opportunity; we saw this starting from the middle of 2022 until now, when growth has been strong across the board and stocks have shot up in unison.

Startup fever

...what surprises lie ahead?

Increasing costs

The impact of climate change on output will be large

Health cover

Capacity for PM-JAY needs to be expanded

From-the-grave 'interview' with Nobel winner exposes AI pitfalls

When a state-funded Polish radio station cancelled a weekly show featuring interviews with theatre directors and writers, the host of the programme went quietly, resigned to media industry realities of cost-cutting and shifting tastes away from highbrow culture.

Climate change fuelled Spain's deadliest storm

Severe flash floods devastated Valencia's outskirts, overwhelming towns with unprecedented rainfall, attributed to climate change and extreme weather patterns.

UN nature summit ends in limbo with no global fund deal

The 16th United Nations Biodiversity Conference ended abruptly Saturday as countries disagreed in overtime talks about the creation of a new global nature fund.

Australia to cut $10.5 bn in student debt

Australia's Labor government has pledged to cut A$16 billion ($10.5 billion) in student loans for university and other higher education to help ease the rising cost of living.

Netanyahu's office accused of leaks to thwart ceasefire

Two months ago, when a cease-fire between Israel and Hamas seemed close, a new obstacle arose: Prime Minister Benjamin Netanyahu said his troops must hold the Gaza-Egypt border to prevent Hamas from rearming and smuggling out Israeli hostages.

Fed, peers to go for rate cuts after US polls

Opinion poll shows Harris narrowly ahead of Trump in North Carolina, Nevada, and Wisconsin

Congress promise hits caste hurdle in Telangana

Recruitment to Telangana state civil services has turned into political battleground. ADITI PHADNIS tracks the issue in a state where employment, especially government jobs, was a central point in the demand for its formation

Challenging Priyanka, Left and Right

When devastating landslides struck Wayanad in July, Rahul Gandhi had already vacated this Lok Sabha seat—a move his opponents called a 'betrayal'. Now, with tragedy and unresolved issues as the backdrop, can his sister overcome stiff competition from the BJP and the Left? SHINE JACOB finds out

J'khand tribals: Holding key to power; living in poverty

All but one CM have been members of ST communities. Still two-thirds of tribal-dominated districts have high levels of multidimensional poverty. INDIVJAL DHASMANA looks at their economic condition as the state gears up for the two-phase Assembly polls

Urban demand situation may affect firms' capex plans

While the financial health of rated companies is expected to remain robust, firms are hesitant to start capital expenditure, RAMNATH KRISHNAN, managing director and group chief executive, Icra, tells Abhijit Lele in a video interview. Volatility in inflation still remains substantial and interest rates are not expected to come down. Edited excerpts.

Banks propose new benchmark for rate derivatives market

Banks have suggested phasing out the uncollateralised Mumbai Interbank Offer Rate (Mibor) and proposed a new benchmark for the interest rate derivatives market, according to sources privy to the development.

Falling asset quality, credit costs weigh on NBFCs in Q2

Driven by cash flow disruptions, challenges seen in unsecured segments

DGFT surprises exporters with annual Rodtep returns

The Director General of Foreign Trade (DGFT) has prescribed an annual return to be furnished by exporters who have claimed duty credits of more than ₹1 crore in a financial year under the remission of duties and taxes on export products (Rodtep) scheme.

41% workers on contract in formal mfg sector in FY23

ASI data shows share stood at 38.4% in the pre-Covid FY20

SECI solar power project loses steam as bidding goes awry

Bank documents submitted by an arm of Anil Ambani-owned RPower were invalid

P2P platforms see rising customer interest ahead of T+1 deadline

Firms conducting pilots ahead of Nov 14 target

Festival season sparks rebound in EV sales

The festival season has provided a much-needed boost to India's electric vehicle (EV) market in October, reversing a decline that persisted for the previous two months.

Apollo Hospitals to add 3,512 beds, invest ₹6K cr in four years

Apollo Hospitals, India's largest vertically integrated healthcare provider, has announced a major expansion to add 3,512 beds across 11 locations in India at an investment of around ₹6,100 crore over the next four years.

More than 85% Amazon sale customers from non-metros

The Amazon Great Indian Festival (AGIF) 2024 witnessed 1.4 billion customer visits, the highest ever for the e-commerce firm, said SAURABH SRIVASTAVA, vice-president, categories, Amazon India. In a video interview with Peerzada Abrar, Srivastava said Amazon delivered over 30 million products the same day or next day (to Prime members). Edited excerpts: