In this issue

March 27, 2023

G20 push: 30+ big cities on list to tap muni bonds

Surat, Vizag may issue bonds soon as Centre renews urban infra focus

2 mins

'No second thoughts on Great Nicobar Port'

The shipping sector will be crucial for reducing India's cost of logistics to 7-8 per cent of GDP. Despite the rapid pace of infrastructure development, several of these projects face criticism because of their environmental impact. The ₹72,000-crore Great Nicobar Island development is one such project. The Union minister for ports, shipping, and waterways, SARBANANDA SONOWAL, tells Dhruvaksh Saha the Centre is confident about going forward with it.

3 mins

HNIs may turn to AIFs after tax blow to debt MFs

With the government deciding to end tax benefits enjoyed by debt mutual funds (MFs), wealthy investors and family offices could turn to alternative investment funds (AIFs), chasing high-yielding assets.

2 mins

RCap lenders in a fix as Hindujas retract revised ₹8,950-cr offer

The Hinduja group is learnt to have backtracked from making a minimum ₹8,950-crore offer for Reliance Capital (RCap) - a deal that it had belatedly put forth in December, after Torrent Investments emerged as the highest bidder for the bankrupt firm in the challenge process.

2 mins

Our focus on satcom; leave Moon, Mars to others: Mittal

OneWeb launches its final 36 satellites, set to begin India ops in July-August | ONEWEB COMPLETES SATELLITE CONSTELLATION

3 mins

Consumer, tyre cos wait for crude derivative prices to ease

Crude oil prices have come off their peaks, but consumer and tyre companies are still wary as crude derivative prices are yet to cool off.

2 mins

At 50 million, India has 5% of world's 5G subscribers

Six months since the launch of 5G services, India has reached a key milestone this month, notching up 50 million 5G customers.

2 mins

Steelmakers eye higher auto contract prices

Steel prices have been rising both globally and at home since December

3 mins

At 1,890, Covid cases hit five-month high

Covid cases in India rose to a fivemonth high, with 1,890 new cases recorded on March 25, according to the Ministry of Health data. This is the highest number since October 28, 2022, when daily cases reported were 2,208.

1 min

Maximum GST cess rate on pan masala capped

The government the maximum has capped rate of GST cess that compensation would be levied on pan masala, cigarettes and other forms of tobacco and linked the highest rate to their retail sale price.

1 min

Summer comes at a price for discoms as energy bills soar

Increase in cost has pushed states to seek tariff hike in the range of 15-30%

2 mins

Organic textile players seek end to certification woes

Organic With concerns looming over the IOAS (International Accreditation Service) order suspending Control Union (CU) India from testing and sampling Indian organic textile products, experts and some industry players are batting for a government-regulated certification process in organic textiles, similar to that of organic cotton.

2 mins

Govt tells PSBs to monitor, make provision for cos' pledged shares

Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level

2 mins

An open House? Open to debate

One fallout of Rahul's disqualification will be reflected in the Opposition's role in Parliament and related institutions

3 mins

BJP bets big on PESA to woo tribal turf

The tribal vote in Madhya Pradesh is crucial in any election. The Bharatiya Janata Party's loss in the last Assembly election has prompted it to take remedial action, writes Sandeep Kumar

3 mins

Twitter staff to get stocks at $20-bn valuation

Twitter CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, The Information reported, citing a person familiar with an email Musk sent to Twitter staff. The reported valuation is less than half of the $44 billion that Musk paid to acquire the platform, pointing to a drop in Twitter's value.

1 min

Taiwan loses ally of eight decades after Honduras recognises China

Honduras is the ninth diplomatically that Taipei has lost to Beijing since pro-independence President Tsai Ing-wen first took office in May 2016

2 mins

Ageing shadow fleet carrying Russian oil poses disaster risk

OLD TANKERS TYPICALLY SOLD FOR SCRAP ARE INSTEAD HAULING CRUDE; USUAL SAFETY AND INSURANCE STANDARDS AREN'T BEING MET

3 mins

World may split into rival economic blocs, it'll make all poorer: IMF chief

Says risks to financial stability have increased; urges China to rebalance economy towards consumption

2 mins

Imran lays down 10-pt road map for Pakistan's economic revival

Media coverage blackout of his rally under govt 'pressure'

1 min

A monster from the past

The global turn to industrial policy defies history and logic

4 mins

Specialty scale-up, product mix: Sun's medicine cabinet piques brokerages

India's largest listed pharmaceutical (pharma) company - Sun Pharmaceutical Industries (Sun Pharma) is expected to maintain its outperformance vis-à-vis the sector's, as its multiple bets on specialty products, improving product mix, recent acquisitions, and branded business are finding favour with brokerages.

2 mins

Persist with SIPs despite near-term pain in equities

The likelihood of rate cuts by global central banks is the major cue that will signal a turnaround in the market

3 mins

Now boarding!

First-time customers are emerging as a huge catchment area for retail finance, but dangers lurk in the nooks and crannies, reports Raghu Mohan

6 mins

India and China: A tale of two financial sector reforms

Both countries have sought to refashion regulations this year but Beijing has comprehensively moved more swiftly

4 mins

Cong Satyagraha, Priyanka mount defence for Rahul

Raising the pitch against the Bharatiya Janata Party (BJP) over Rahul Gandhi's disqualification from Lok Sabha, the Congress held protests across the country on Sunday, with party president Mallikarjun Kharge and Priyanka Gandhi Vadra accusing the government of \"trying to silence\" a \"martyr's son\" for raising the voice of people.

1 min

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