In this issue

June 01, 2023

Disclosure norms for high-risk FPIS set to get stricter

To be unconstrained by any materiality thresholds set by PMLA or secrecy laws: Sebi paper

2 mins

No plan to let Chinese firms re-enter Indian telecom market

The government has no plans of providing trusted source certificates to Chinese telecom equipment manufacturers such as Huawei and ZTE yet, thereby keeping them locked out of India's telecom sector, according to officials in the Department of Telecommunications (DoT). Officials pointed at national security concerns to block Chinese firms in telecom.

2 mins

India's GDP Grows 6.1% In 04.7.2% In 2022-23

Manufacturing and construction sectors surprise on the upside

2 mins

BFSI drives Q4 earnings to record high

The earnings of India Inc hit a record high in the 2022-23 FY23) January-March quarter fourth quarter, or Q4), compared with their poor showing in the previous two quarters of the financial year.

2 mins

Fresh applications called for chip sops

The Centre has invited fresh applications seeking incentives to set up semiconductor and display manufacturing fabs.

2 mins

Vedanta Resources repays $1.4-bn bonds, brings debt down to $6.4bn

Vedanta Resources, the parent firm of Vedanta Ltd, on Wednesday, said it repaid bonds worth $1.4 billion that were due in May and June, reducing its gross debt to $6.4 billion from $7.8 billion at the end of March this year.

2 mins

Deloitte flags holes in Adani Ports deals

Adani group says auditor gave qualified opinion pending investigations carried out by Sebi and SC-formed committee

2 mins

Global subsidy race puts a spanner in India semicon works

The Indian government is keen to woo major semiconductor players, but a global race to attract them to countries where there is already an ecosystem is making it difficult for India to attract the biggies in the business.

2 mins

Household consumption weak but private capex shows revival

Capital investment in the country showed strong growth the March quarter of 2022-23 and also for the entire financial year, according to data from the National Statistical Office (NSO).

2 mins

Russian oil now 46% of India's crude buys

IOC overtakes Reliance as biggest importer of Russian crude oil

2 mins

Fiscal deficit at 6.36% in FY23, a tad below target

Better showing on the back of lower than estimated revenue expenditure

2 mins

Govt to sell 3% in CIL via OFS, eyes ₹4,162 cr

The Centre has proposed to sell up to 3 per cent of its stake in national miner Coal India (CIL) through the offer for sale (OFS) route from June 1.

1 min

Cong guarantees a hoax, will bankrupt state: PM

Priority to the deprived a hallmark of 9 years of NDA govt, Modi says in Ajmer

2 mins

China woos Dimon, Musk in search of economic boosters

Politburo members, ministers recently met Starbucks, Arm, Franklin Templeton execs

1 min

Dimon hints at life after JPMorgan, may take public office

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said running for public office has crossed his mind amid speculation on his long-term future beyond helming the financial services giant.

1 min

Missing in action: Domestic infra finance

The resources of state-owned entities are too small for the enormous requirements, especially in renewable energy

4 mins

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