In this issue

April 01, 2023

Tax mop-up may fall short of target

The government is expected to have closed the financial year 2022-23 (FY23) with a ₹50,000-crore shortfall in the direct tax collection.

2 mins

Air India ground staff pay hike after Vistara merger; raise for pilots soon: CEO

Tata Group-owned Air India has decided to put on hold any salary revision for the ground staff until the Competition Commission of India (CCI) approves the merger with Vistara.

3 mins

Markets log biggest 1-day jump in over four months

Three-month losing run ends; RIL, ICICI Bank lead charge

2 mins

New FTP seeks to spur rupee trade, e-com exports

TARGETS $2 TRN IN GOODS AND SERVICES EXPORTS BY 2030. POLICY, EFFECTIVE FROM APR 1, DOESN'T HAVE SUNSET CLAUSE

2 mins

AMNS Luxembourg in $5-bn loan deal to finance India ops

The world's second largest steelmaker, ArcelorMittal, on Friday announced that AMNS Luxembourg Holding SA, the parent company of ArcelorMittal Nippon Steel India (AM/NS India), has entered into a $5-billion loan agreement with a consortium of Japanese banks to finance the company's expansion plans in India.

2 mins

End of season: Subscribers may turn cold to Hotstar as HBO shows go dark

If you were one of those waiting for the entire fourth season of Succession to drop so that you could binge-watch it over a weekend, you have missed the train.

2 mins

CAD declines to 2.3% in Q3

India's current account deficit (CAD) narrowed sequentially to $18.2 billion in the quarter ended December 2022, or 2.2 per cent of gross domestic product, from $30.9 billion in Q2FY23 (3.7 per cent of GDP). It was $22.2 billion or 2.7 per cent of GDP in the year-ago period.

1 min

Centre raises interest rates on small savings schemes

National Savings Certificate rate hiked by 70 bps, PPF kept unchanged

2 mins

Core sector output slows to a three-month low of 6% in Feb

Growth in production of eight infrastructure industries which form part of the core sector declined to a three-month low of 6 per cent in February, with six industries reporting a sequential fall in output growth.

1 min

10-year G-sec yields ease to 7.31% as FY ends

Shields banks from adverse impact from bond portfolio

1 min

New foreign trade policy set to boost domestic manufacturing

Dairy sector, battery electric vehicles, green hydrogen to benefit

2 mins

'Farm exports to touch record $56-57 bn'

Agriculture exports are expected to touch a new record of $56-57 billion in the 2022-23 financial year, a senior commerce ministry official said on Friday.

1 min

Coal India's production hits all-time high of700 mt

National miner Coal India (CIL) closed the financial year at a historic high of 700 million tonnes (mt) of coal production, which the company said has surpassed its output target.

2 mins

Virgin Orbit crashes back down to earth: Ceases operations; fires 85% workforce

Company failed to attract funding; remaining 15% staff to wind down the biz

1 min

Expect fewer Netflix movies, more job cuts

Netflix will merge its small and mid-sized picture productions units, cut a few jobs, scale back its output to ensure high quality titles and centralise decision-making

1 min

Brexit boost: UK joins Indo-Pacific trade bloc

THIS COMES AS A MAJOR WIN FOR BRITISH PM RISHI SUNAK

1 min

Trump indictment sets US on uncertain course

FIRST FORMER PREZ TO FACE CRIMINAL CHARGES. TRUMP IS LIKELY TO BE SUMMONED ON TUESDAY

2 mins

Key US inflation gauge rises less than forecast

Unemployment claims tick up for first time in three weeks

1 min

NCLAT order on Google could hobble CCI

The recent order of the National Company Law Appellate Tribunal (NCLAT) in the case on Google's market dominance, calling for \"effect-based analysis\", could be restrictive for other big-tech investigations by the Competition Commission of India (CCI), such as those relating to Amazon, Apple, and Whatsapp, currently underway.

2 mins

IPL teams' avg revenue may double to ₹630 cr

As the 10 Indian Premier League (IPL) franchisees slug it out in the cricketing extravaganza that began Friday, some big winners have already emerged off the field.

2 mins

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