In dieser Angelegenheit

April 11, 2024

No stopping the bulls: Sensex@75K & rising

But hotter than expected US inflation may put brakes on rally

2 mins

₹6,800 crore PLI disbursed in FY24

Incentives worth ₹6,800 crore were disbursed among the eligible beneficiaries of production-linked incentive (PLI) schemes in 2023-24 against the government estimate of 11,000 crore, said Rajesh Kumar Singh, secretary, Department for Promotion of Industry and Internal Trade (DPIIT), on Wednesday.

1 min

Summer pinch: Airfares on key routes rise up to 13%

Rise in ATF prices, reduction of flights by some players propel airfares

2 mins

Skymet forecast showers hope on FMCG sector for FY25

The sector lagged through most of last year due to rainfall impacts, affecting rural demand

2 mins

11 EV makers get EMPS nod

The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024.

1 min

'We will use GenAI across portfolio'

Networking major Cisco is targeting $1 billion in revenue from its new manufacturing plant in Chennai. It is also deploying artificial intelligence (AI) and generative Al (GenAI) to unlock more value for its customers. DAISY CHITTILAPILLY, president, Cisco India and SAARC, talks about the progress of the Chennai plant, small and medium businesses (SMBs), and trends in tech spending, in an interview with Ayushman Baruah in Bengaluru. Edited excerpts:

2 mins

Misleading ads case: SC rejects Patanjali apology

The Supreme Court on Wednesday rejected the \"unconditional and unqualified apology\" offered by Patanjali Ayurved co-founder Baba Ramdev and his close aide Acharya Balkrishna in connection with the company's misleading advertisements, asserting that the court does not want to be “so generous in this case.

1 min

DMRC not required to pay Rinfra arm ₹8,000 cr: SC

The Supreme Court (SC) on Wednesday overturned its own order delivered three years ago an exempted the Delhi Metro Rail Corporation (DMRC) from paying an arbitration award of approximately 8,000 crore to a subsidiary of Anil Ambani-controlled Reliance Infrastructure.

1 min

AM/NS India has robust balance sheet, will ensure financial stability of biz'

AMINS India, a joint venture between ArcelorMittal and Nippon Steel, is in the middle of a major expansion. AMIT HARLALKA, chief financial officer of AM/NS India, in a video interview, told Ishita Ayan Dutt about plans for capital expenditure capex) and funding. Edited excerpts:

3 mins

Rising speculative bets drive RBI crackdown on currency derivatives

Excessive speculative bets in the domestic currency derivatives market is perceived as the primary catalyst behind the Reserve Bank of India's (RBI's) decision to clamp down on those engaging without any underlying exposure.

2 mins

'PLI schemes for food, textiles, bulk drugs being tweaked'

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary RAJESH KUMAR SINGH tells Shreya Nandi in an interview that PLI schemes for textiles, bulk drugs, food products and solar PV modules are likely to be tweaked. Edited excerpts:

3 mins

WTO lowers forecast for goods trade volume growth for 2024

Savs demand may rebound this year

2 mins

Fresh bank NPAs may rise in FY25

Icra also revised downward its outlook for the banking sector to 'stable'

2 mins

BJP eyes 370 seats in historic electoral pursuit

The Bharatiya Janata Party (BJP) is chasing history in the 2024 Lok Sabha polls by targeting 370 seats.

1 min

Postal ballots look to stamp their voice in Phase 1 of polls

Nearly 3 mn voters cast ballots by post in the 2019 elections

2 mins

BJP fields Neeraj Shekhar from Ballia, drops Kher and Joshi

The Bharatiya Janata Party (BJP) on Wednesday denied tickets to its two-term Chandigarh Lok Sabha member Kirron Kher and Prayagraj MP Rita Bahuguna Joshi, while fielding Neeraj Shekhar, Rajya Sabha member and the son of former prime minister Chandra Shekhar, from Ballia in Uttar Pradesh.

2 mins

For richest candidates, moveable assets outweigh immoveable ones

Top 10 have moveable assets worth ₹1,815 cr, double immoveable assets of ₹815 cr

2 mins

SC order upholds voters' right to know: Experts

The apex court held candidates didn't need to disclose every moveable property in polls

2 mins

No need to worry: Bandhan Bank's outgoing chief writes to employees

Bank will need three months to identify new CEO

2 mins

Banks shift bets from G-secs to state and corporate bonds

Banks are preferring instruments with higher premium over government securities for their held-tillmaturity (HTM) portfolio, following the new investment norms, which came into effect from April 1.

1 min

Biden, Kishida enlist Amazon, Nvidia to fund AI research

President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com and Nvidia to fund a new joint artificial intelligence research program, as the two nations look to improve collaboration around the quickly emerging technology.

1 min

Jack Ma steps out from shadows with internal post

Alibaba co-founder Jack Ma has penned a rare lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a sign that he may be willing to take a more active role after spending the last few years out of the spotlight.

1 min

Burning through cash: Starlink profits more elusive than investors think

SpaceX's prized Star link satellite business is still burning through more cash than it brings in.

2 mins

Hot US inflation data dents rate cut hopes

Wall Street battered as investors turn risk averse; bond yields rise

1 min

BYD got $3.7bn Chinese aid to dominate EVs: Study

BYD received at least €3.4 billion ($3.7 billion) in direct government subsidies as part of Beijing's push to dominate electric vehicles and other clean technologies, according to a new study.

1 min

Fitch lowers China outlook to negative on steady rise in debt

Keeps A+ credit rating but sees more borrowing amid slowdown

1 min

Smallcap MFs see 1st net outflows in 30 mths

Smallcap mutual funds recorded net outflows for the first time in 30 months in March as investors pulled out money after the markets regulator, the Securities and Exchange Board of India (Sebi), warned against \"froth\" in the mid and smallcap space.

1 min

Milestone powered by confidence in India growth story

The Sensex hitting 75,000 is another milestone that reflects the confidence in the India growth story.

1 min

FPIs from Mauritius to face greater scrutiny after tax treaty revision

Foreign portfolio investors (FPIs) from Mauritius may face higher scrutiny after the amendment in the India-Mauritius tax treaty introduced a principle purpose test (PPT) to prevent treaty abuse by taxpayers.

1 min

Sensex: 70K to 75K in 80 days

It took 4,358 trading days for the Sensex to reach 5,000 points, but just 80 trading days for the benchmark index to move from 70,000 to 75,000.

1 min

Long-term growth prospects hold India in good stead

There are many things which investing can be compared with and the cliched comparison with mountaineering happens to be one such analogy.

2 mins

Topping 75,000 amid stellar FY24 performance

The BSE Sensex has touched 75,000 levels, an all-time high in the history of Indian capital markets.

1 min

Iron-ore price recovery, steady demand positive for NMD

As the largest domestic producer of iron-ore, NMDC Ltd is expected to produce around 45 million tonnes (mt) of ore in FY24.

2 mins

With oil on the boil, Vistara's loss may not be IndiGo's gain

Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged.

2 mins

Factor in income, deductions when deciding tax regime

If you have significant deductible investments, the old regime could save you more money, but crunch the numbers

3 mins

Anti-ageing, happiness med to shape healthcare demand

Indian consumers' view on health and wellness has changed after the pandemic and their interest in anti-ageing products and personalised 'happiness medicine' is growing, an investment management company's report has said, citing 40 areas of preference.

1 min

Construction of Navy's fleet support ships begins at HSL

The Cabinet Committee on Security had approved this acquisition on August 16, 2023.

1 min

Musk, Modi to meet in April; Tesla talks on cards

Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said.

1 min

Fair play: Calcutta HC restrains HUL'S 'Glow & Handsome' mark

The Calcutta High Court (HC) has issued an order of interim injunction, restraining Hindustan Unilever (HUL) from using the mark 'Glow & Handsome' following an application filed by Emami.

1 min

QS World University Rankings 2024: JNU India's top-ranked

69 Indian universities feature in top 500

2 mins

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