In this issue

May 11, 2024

FIU-India to lift ban on Binance soon

Director bats for self-regulatory mechanism

1 min

Blackstone in race for majority pie in Omega Healthcare

Valuation likely at $1.7 bn; Goldman Sachs, Everstone Capital looking to exit

2 mins

FMCG firms continue to lag India Inc peers

Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestlé, and Britannia have been top-performing stocks on the bourses in recent weeks.

2 mins

Kejriwal gets bail till June 1, set to campaign for LS polls

But the Delhi CM can't visit his office, sign any official files

3 mins

Deal value lowest in 76 months

April saw 98 deals with a total value of $1.8 bn against 204 deals worth $8 bn in year-ago period

2 mins

Wales' First Minister meets Tata Steel brass on Port Talbot

First Minister of Wales, Vaughan Gething, met the Tata Steel management in Mumbai on Friday over potential job cuts in the wake of restructuring at Port Talbot in Wales, UK.

1 min

Share in total up 2.5x in 4 yrs

SHARE OF PE FUNDS INVESTMENT IN INDIA

2 mins

Luxury homes' share in sales nears affordables' for the first time

The share of luxury homes priced above ₹1.5 crore comprised 21 per cent of total sales in the January-March quarter this year to almost equal affordable homes (20 per cent) the first time it happened so, said a report on Friday.

1 min

TaMo PAT grows 3-fold; India biz now debt free

Mumbai-headquartered Tata Motors has posted a more than threefold jump in its profit after tax (PAT) for the fourth quarter of 202324 to 17,528 crore, riding on 13.3 per cent growth in revenue.

2 mins

Pluckk closes FY24 with ₹100 cr annualised revenue run rate

Mumbai-based farm-tofork fruits and vegetable player Pluckk has clocked an annualised revenue run rate of ₹100 crore during FY24, a growth that can be attributed to a series of strategic partnerships with industry giants like Amazon, Swiggy, Zepto, and Blinkit.

1 min

TVS Holdings to buy 80.74% in Home Credit India for ₹554 cr

TVS Holdings' board has approved acquiring a 80.74 per cent equity stake in Home Credit India Finance for ₹554 crore, said the automobile components company on Friday.

1 min

Play Store billing: NCLAT seeks response from Google, CCI

The National Company Law Appellate Tribunal (NCLAT) on Friday sought Google and the Competition Commission of India's response on a plea challenging the competition watchdog's decision to deny interim relief to startups during the ongoing probe against Google's Play Store billing policy.

1 min

Ceat lays out road for premium play

Ceat plans to revamp its brand positioning strategy to target SUV owners and adventure bikers as it tries to position itself as a premium tyre maker.

1 min

Cement execs forecast stable prices, lower fuel costs

Some hint at moderate demand growth in FY25

2 mins

Bank of Baroda profit up 2% on Go First exposure, pension provisions

State-run Bank of Baroda on Friday reported a 2.3 per cent growth in its standalone net profit of ₹4,886 crore for the March quarter, restricted by a hit due to its exposure to the grounded airliner Go First and also setting aside money towards pension liabilities.

1 min

'No need to panic on draft infra guidelines'

The draft guidelines of the Reserve Bank of India (RBI) on infrastructure financing will not pose a challenge to the banking sector, Managing Director and Chief Executive Officer of Punjab National Bank (PNB) ATUL KUMAR GOEL, said in a virtual interview with Harsh Kumar. Goel spoke on the public sector lender's latest quarterly results and its expansion plans. Edited excerpts:

1 min

MoD notifies Act for uniform tri-service military discipline

The Ministry of Defence (MOD) has taken an important step towards the uniform implementation of military justice across the joint-service organisations being created by merging army, navy and air force elements into InterServices Organisations (ISOs).

1 min

Royalty, history take centre stage in three-way Krishnanagar fight

The incumbent MP is TMC's Mahua Moitra, who was expelled from the LS in Dec

4 mins

Lalan Singh hopes to be third-time lucky

The last time a party other than an offshoot of the socialists won Munger was the Congress in 1984.

1 min

'Means to deter an elector': EC pulls up Kharge over turnout data charge

The Election Commission (EC) on Friday, in a strongly-worded reply pulled up Congress President Mallikarjun Kharge over his allegations of discrepancies and delay in release of voter turnout data, saying that it was a \"deliberate attempt to spread confusion\".

1 min

MSME hub, temple town sound bells ahead of polls

On the outskirts of Chhatrapati Sambhaji Nagar (erstwhile Aurangabad) in Maharashtra, the micro, small and medium enterprises (MSME) industry is facing simmering challenges such as systemic corruption, and a lack of political will to attract foreign investment.

3 mins

Delhi court orders framing charges of sexual harassment against Brij Bhushan

A Delhi court on Friday ordered framing of sexual harassment and other charges against former Wrestling Federation of India chief and Bharatiya Janata Party MP Brij Bhushan Sharan Singh in a case lodged by female wrestlers, observing there was \"sufficient evidence\" against him.

1 min

Job promises dominate poll manifestos in Odisha

State's unemployment rate has been higher than national average for past 6 yrs

3 mins

Join Ajit, Shinde instead of dying with Cong: PM to Pawar, Uddhav

Prime Minister Narendra Modi on Friday advised the Nationalist Congress Party (SP) and Shiv Sena (UBT) to join hands with Ajit Pawar and Eknath Shinde after Lok Sabha poll results instead of \"dying by merging\" with the Congress.

1 min

Netanyahu vows to widen assault; over 100K flee Rafah

Heavy fighting between Israeli troops and Palestinian militants on the outskirts of the southern Gaza city of Rafah has left crucial nearby aid crossings inaccessible and caused over 100,000 people to flee north, a United Nations official said Friday.

1 min

Microsoft set to launch mobile game store

This will be an alternative to Apple and Google's app stores

1 min

Russia opens new war front near Kharkiv

Russian forces launched an armoured ground attack on Friday near Ukraine's second city of Kharkiv in the northeast of the country and made small inroads, opening a new front in a war that has long been waged in the east and south.

1 min

Between hard rock&an election

As Sikkim awaits the Assembly election results (voting was on April 19 and the votes will be counted on June 2, not June 4, along with the rest of the country, according to the Election Commission's latest decision), four significant events that took place in 2023 will shape the state's future trajectory.

3 mins

Beyond hawks and doves

Then Sikh pilgrims from India W were visiting Kartarpur Sahib in Pakistan to celebrate Baisakhi recently, Maryam Nawaz Sharif-chief minister of Pakistan's Punjab province― joined them for a meal in the langar hall of the gurudwara.

3 mins

IIP growth slows to 4.9% in March

Drop comes on the back of slowdown in mining output SHIVA

1 min

No, the Muslim population share hasn't grown 43% since 1950

Interpretations of a recent paper from a government-linked body suggested that the share of the Muslim population has grown in the country, while the share of the majority Hindus has fallen between 1950 and 2015.

2 mins

A NEW MAUL GAME

Batters are mauling bowlers this IPL like never before, as the impact player rule effectively gives every team 12 players. Where is it taking the game?

5 mins

The case of 'missing' numbers in CSR data

Companies listed on the NSE spent a record ₹15,524 cr on CSR programmes in 2022-23

1 min

Ahead of Paris Olympics, will Schengen visa woes ease?

Ahead of the 2024 Paris Olympics, which begin on July 26, more and more Indians are charting out trips to the Schengen countries, but the going hasn't been smooth.

3 mins

Sebi cracks whip on 2nd SME, bars promoter for diverting IPO funds

The Securities and Exchange Board of India (Sebi) on Friday barred Varanium Cloud and its managing director for allegedly diverting funds raised through initial public offer (IPO) to other entities and other fraudulent practices, the second such action by the markets regulator within a week.

1 min

China is the story of moment in EM equities: Wood

Christopher Wood, global head of equity strategy at Jefferies, is turning bullish on Chinese equities and believes China is the story of the moment in the emerging market equity space as things stand.

2 mins

NSE shares up after bonus, dividend

The National Stock Exchange (NSE), the country's top bourse, has seen its market value soar by nearly 85,000 crore to 3.21 trillion after declaration of a four-for-one bonus issue and dividend of ₹90 per share.

1 min

Spike in SIP churn as investors rebalance

Registrations rose 48% in April, account closures 42%; experts say rotation at play

2 mins

Ensure donations claimed in tax returns match Form 10BE figures

Retain Form 10BE and related documents for at least 4 years to validate Section 80G claims

2 mins

SBI remains a bankable bet for long-term gains

Seen rising 22% over next year, but rally could be gradual, given rich valuations

2 mins

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