CATEGORIES

Rupee set to hold ground against greenback till Dec

Major Asian currencies versus $After depreciating 0.32 per cent against the dollar in October so far, the rupee is expected to hold ground against the greenback in the current quarter on the back of robust inflows.

US remains largest source of FDI in India: RBI

The US continued to be the largest source of foreign direct investment (FDI) in India, followed by Mauritius, Singapore, and the UK, according to an annual census of the Reserve Bank of India.

Business correspondents seek hike in commission

To knock on FinMin door; move to mark 1st refresh in a decade

Companies post over 90K internships on portal

The Prime Minister's Internship Scheme has registered over 90,849 opportunities as on Friday, according to sources in the Ministry of Corporate Affairs (MCA).

The middle-income trap is a clear potential for India

India's ambition to become a developed nation by 2047 may not be realistic but the country would have a higher per capita gross domestic product (GDP) by then, KENNETH KLETZER, professor of economics at the University of California, told Ruchika Chitravanshi in an interview in New Delhi. Kletzer also said India may be benefitting a little by being non-combatant in an increasingly worrisome world. Edited excerpts:

India-EU leaders flag slow progress in FTA talks

Top government officials from India and the European Union (EU) on Friday acknowledged slower than expected progress in the proposed trade agreement and called for mutual cooperation and understanding to take the negotiations forward.

Consider same-day loans: RBI to fintechs

Proposed product to target vendors, hawkers

Net direct tax collection up 18.3% to ₹11.3 trn

India's net direct tax collection this financial year, after adjusting for refunds, grew 18.35 per cent to ₹11.3 trillion between April 1 and October 10.

Amazon arm posts 134% growth on gifting store

Amazon Business, the business-to-business (B2B) online marketplace of the e-commerce firm, clocked over 134 per cent growth year-over-year (Y-o-Y) on corporate gifting store in the first 10 days of the Amazon Great Indian Festival 2024.

IIP shrinks in August, a first in 22 months

More than usual rainfall, demand slowdown behind fall: Experts

Bangladesh likely to keep power deal with Adani

Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with Adani Power, in the face of supply worries and gloomy prospects for a legal challenge, two sources with direct knowledge of the matter said.

Oberoi Realty board's nod to raise ₹6,000 cr

Oberoi Realty's board of directors has approved raising up to ₹6,000 crore in one or more tranches, said the company in an exchange filing on Friday.

Adani Energy inks $736 mn pact for power lines in Kenya

Billionaire Gautam Adani-led conglomerate has signed a $736 million pact to build and operate key electricity transmission lines in Kenya for 30 years, the African nation's Cabinet Secretary for Energy Opiyo Wandayi said.

Games24x7 looks to branch out as technology platform

Launches accelerator programme for startups

Sudarshan Chemical to acquire Germany's Heubach for ₹1,180 cr

Pune-based Sudarshan Chemical Industries (SCIL) has signed a definitive agreement to acquire global pigment business operations of Germany's Heubach group for ₹1,180 crore (€127.5 million).

Top banks lead charge at IIM-L's placements

Leading banks and top consultancy firms lined up at the Indian Institute of Management (IIM) Lucknow for summer placements, with the highest domestic stipend hitting ₹3.95 lakh per month.

Amicus Capital invests ₹125 cr in Equirus

Private equity firm Amicus Capital on Friday announced that it had invested ₹125 crore in Equirus Group, a Rakesh Jhunjunwala-backed financial services firm, for an undisclosed stake.

FMCG distributors red flag e-com, qcom firms' use of private vehicles

Fast-moving consumer products distributors' association has written to the Ministry of Health and Family Welfare and the Ministry of Road Transport and Highways seeking an inquiry into the use of private vehicles by quick commerce and e-commerce companies for commercial operations.

Indian backpacker hostels chalk out global plans

Zostel, The Hosteller lead tech-driven expansion

EV mkt may grow steadily until 2030: Hyundai India

Royalty outgo rate to be 3.5% for long period, says automaker's CFO

₹ weakens below 84 vs $ amid FPI selloff, costlier oil

The Indian rupee dropped below 84 per dollar for the first time to hit a new low on Friday amid continued selling of domestic equities by foreign portfolio investors (FPIs) and growing concerns about the rise in crude oil prices, currency dealers said.

Funding newer ventures Tata Sons' priority

Tata Sons has seen a remarkable surge in net profit in recent years, yet the group's holding company has channeled these gains predominantly into new ventures, rather than opting for higher dividend payouts.

Tapping wastewater: Govt floats up to 50% reuse mandate for bulk users by '31

The government has proposed regulations aimed at reducing water waste, with new mandates that set a bold target: Up to 50 per cent wastewater reuse by 2031 for bulk consumers.

A life that lives beyond

The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.

Ratan Tata: The unlikely social media star

On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.

Paytm appears poised for rebound

While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license.

Love-all, RAFA

'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON

Aman for startups

Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.

RBI's inflation caution may halt FMCG rally

Analysts suggest buying quality stocks on dips for long term

Indices close marginally higher

Equity benchmark indices Sensex and Nifty settled higher on Thursday due to gains in banking, power, and industrial stocks amid a firm trend in global markets.