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April 30, 2024

Smallcaps set to post biggest gain in 5 mths

The Nifty Smallcap 100 rose for a sixth consecutive day on Monday, extending its monthly gain to 11.4 per cent.

1 min

In the works: Telecom Patent Fund to access costly tech, drive innovation

In a bid to bolster innovation and support indigenous technology development, the Department of Telecommunications (DOT) is working on instituting a Telecom Patent Fund (TPF).

1 min

Govt may tweak IBC to factor in climate change

Experts see a need to align insolvency laws with global action

2 mins

Added sugar in Cerelac well within limits: Nestlé India

Packaged foods company Nestlé India on Monday said the formulation of infant food products like Cerelac was done on the basis of global norms and sugars added to the product were within the limits set by the Food Safety and Standards Authority of India (FSSAI).

1 min

JSW, JFE in race to buy 30% in Australian mine

The JSW group and Japan's JFE have offered to acquire up to 30 per cent stake in an Australian coal mine currently owned by Whitehaven Coal.

2 mins

Realtors retool pricing strategies amid rising cost of construction

Escalating construction costs are forcing real estate players to optimise their expenditures and readjust their pricing strategies to strike a balance between profitability and meeting customer requirements.

2 mins

New govt needs to explore placing long-term orders

India's defence exports have grown by 31 times in the past decade. The private sector accounted for 60 per cent of the record defence exports in 2023-24 (FY24), when they grew 32.5 per cent year-on-year to touch ₹21,083 crore (about $2.63 billion). Against this backdrop, Bharat Forge's Chairman and Managing Director BABA KALYANI, in an interview with Bhaswar Kumar in Pune, talks about what the new government should focus on in its first 100 days to give Make in India in defence a fillip. Edited excerpts:

3 mins

Bharat Biotech's Ella becomes IVMA president

The Indian Vaccine Manufacturers Association (IVMA) has announced Krishna M Ella, co-founder, executive chairman of Bharat Biotech as the association's new President for a two year period from April 2024.

1 min

ICAI order on EY India affiliates may speed up notification of norms

Several affiliates of Big Four accounting firms in India are likely to receive orders similar to those issued to EY India from the Institute of Chartered Accountants of India (ICAI) in the coming weeks, but not everyone at these firms is disappointed development.

2 mins

Ola Cabs CEO quits, firm may lay off 10% employees

Move comes ahead of company's potential IPO

1 min

Orea named IndiGo's chief of transformation

Likely to take over as COO whenever incumbent retires

2 mins

BJP has eyes on the road in UP

Amid the election razzmatazzin Uttar Pradesh, which accounts for 80 Lok Sabha seats, the Bharatiya Janata Party (BJP) is confident that the slew of expressway projects commissioned or envisioned under the Yogi Adityanath government will deliver favourable results for it.

2 mins

Cong's Indore candidate withdraws nomination

Indications were that Akshay Kanti Bam might join BJP

1 min

Rivals misusing tech to spread fake videos: PM

Urges EC to take action

1 min

Digvijaya looks to reignite old connect

82-kilometre from its capital Bhopal, Rajgarh is an ancient town in Madhya Pradesh, pinned close to the state's border with Rajasthan.

1 min

FM: UPA tenure was a lost decade

Finance Minister Nirmala Sitharaman said on Monday that India becoming the third-biggest economy is not an arithmetic inevitability but requires efforts and a visionary leader to accomplish it.

1 min

Nearly 20 critical mineral blocks to be put up for sale by June-end

The Centre plans to auction roughly 20 critical mineral blocks in the upcoming round by the end of June, alongside the first instalment of offshore mineral auctions within the next three months, Mines Secretary VL Kantha Rao said on Monday.

1 min

UPI credit line: NPCI may go easy on interchange fee

Could be kept at 1-1.2% in a bid to push adoption

2 mins

States need time to hold wider talks: Govt to SC

STANDARDISED RATES FOR HOSPITALS SANKET KOUL

1 min

RBI asks lenders to follow fair practices, refund excess sum

Concerned over some banks and lenders resorting to unfair practices in charging of interest, the Reserve Bank of India (RBI) on Monday directed them to take corrective action and refund excess charges to customers.

1 min

Manipal Hospitals to take 87% in Medica for ₹1.4K cr

Deal will make it India's largest hospital chain with over 10,500 beds

1 min

UltraTech Cement's profit jumps 35% to 2.2K crore on lower fuel, raw material costs

Board nod to ₹315 cr grinding unit purchase

2 mins

Rental market hots up: Bengaluru tops with highest yield of 4.45%

Post-pandemic surge in rental demand rides on work-from-office mandates

1 min

Apple's iPad Os subject to tough tech rules: EU

Apple's operating system for iPads has been designated as a gatekeeper under the bloc's landmark tech rules by EU antitrust regulators because of its importance to business users, the European Commission said on Monday.

1 min

Putin didn't order Navalny's death in February: US intel

US intelligence agencies have found that Russian President Vladimir Putin likely didn't order opposition leader Alexey Navalny's death at a prison camp in February, the Wall Street Journal reported.

1 min

G7 nations reach deal to exit from coal by 2035

Energy ministers from the Group of Seven (G7) wealthy countries reached a deal to shut down their coal-fired power plants by 2035 at the latest, in a significant step towards the transition away from fossil fuels.

1 min

AI startups face rough financial reality check

Table stakes for small firms to compete are in billions of dollars. And even that may not be enough

2 mins

Israel truce proposal 'extraordinarily generous': Blinken

US Secretary of State Antony Blinken urged leaders of the Hamas militant group to quickly reach a decision on Israeli conditions for a temporary ceasefire, a move that could help bring an end to fighting in Gaza.

1 min

India's West Asia security dynamics

Despite its stakes in the region, its policy doesn't aim for long-term regional stability

4 mins

Building capacity

Cargo terminals will boost efficiency

2 mins

Tone and substance

Subtle shifts in the texture of Sino-US ties

2 mins

Fee outgo: BSE mcap plunges by ₹6,000 cr

Analysts see price hike in options segment to offset costs

2 mins

Sebi probing Linde India for RPT violation

The Securities and Exchange Board of India (Sebi) on Monday directed Linde India to comply with the norms of materiality thresholds for future related party transactions (RPTS) based on the aggregate value of transactions, amid an ongoing investigation by the regulator.

1 min

Backed by banking stocks, benchmarks gain 1%

The Sensex and the Nifty 50 on Monday gained over 1 per cent each, driven by sharp increases in banking stocks following better-thanexpected quarterly profits from index heavyweight ICICI Bank.

2 mins

Hopes of universal bank tag lift AU SFB

Shares of AU Small Finance Bank (SFB) rallied more than 6 per cent on Monday after analysts said the lender meets all eligibility criteria laid down by the Reserve Bank of India (RBI) for obtaining a universal banking licence.

1 min

Street disappointed with SBI Card's Q4 performance

SBI Cards & Payment Services reported mixed results for the January-March quarter (Q4) of FY24.

2 mins

Silver ETF AUM tops ₹5,000 cr

Last month, Gold ETF AUM had topped ₹30,000 crore

2 mins

Brokerages bullish on ICICI Bank stock after Q4 results

Bank's market cap zoomed past 8 trillion mark and settled at ₹8.14 trillion

1 min

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