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April 17, 2024

Now, IMF upgrades India's FY25 growth forecast to 6.8%

Also sees world economy growing faster at 3.2% in 2024

2 mins

Musk's Starlink may still take time to enter India orbit

Elon Musk, who will be coming to India next week, might have to wait a while before his company, Starlink, can provide satellite communication services in the country.

2 mins

₹ sinks below 83.5/$ amid global worries

The rupee plunged to a fresh low of 83.54 against the US dollar on Tuesday amid continuous foreign fund outflows in the equity market and strengthening of the greenback.

1 min

Traders, shippers brace for fresh price shocks

IRAN-ISRAEL FLARE-UP: Freight costs, war risk premia on marine insurance rise

2 mins

46 FDI proposals pending: DPIIT writes to 17 depts

The Department for Promotion of Industry and Internal Trade (DPIIT) has written to 17 government departments to expedite decision-making on foreign direct investment (FDI) proposals awaiting government clearance.

2 mins

Tesla's $1 bn India connection that powers its auto ecosystem

An increasing number of Tesla cars are now using components made in India, which was a favoured import destination for the Elon Musk-run company much before it decided to set up a plant in the country.

1 min

O2C may be a dampener on RIL earnings

Street will look for updates on new energy biz commissioning schedule

1 min

Rajasthan enters fray to attract Tesla India plant

Preliminary talks on with automaker; proximity to NCR seen as an advantage

2 mins

Max Health to invest ₹2,500 cr in Lucknow

Max Healthcare Institute has said its plans to invest ₹2500 crore for developing hospitals in Lucknow where it earlier acquired the 550-bed Sahara Hospital for 940 crore, aiming to become \"largest private sector player\" in Uttar Pradesh in its field.

1 min

Birla targets top 3 spot in MF, lending, and life insurance

Aims to add 30 mn users in 3 years on back of new platform

2 mins

RBI conducts 2-day VRRR as liquidity surplus nears ₹1 trn

The Reserve Bank of India (RBI) conducted a two-day variable rate reverse repo (VRRR) auction on Tuesday as the liquidity surplus in the banking system neared ₹1 trillion.

1 min

Above-normal rains may flood some areas'

The India Meteorological Department (IMD) came out with an 'above-normal' forecast for the 2024 monsoon season, at 106 per cent of the long period average (LPA).

2 mins

UCB advances to priority sector jump 27% in FY23

The advances of urban co-operative banks (UCBs) to the priority sector surged more than 27 per cent in the financial year 2023, compared to the previous year, the Reserve Bank of India's recent report Primary (Urban) Co-operative Banks' Outlook 2022-23 showed.

1 min

West Asia tensions stall India's plans to import Iran oil

Iran was India's third-largest source of crude oil until 2019

2 mins

Rupee & reserves: RBI's calibrated approach

The rupee has depreciated 28.3 per cent in the past 10 years, but on average it has fallen around 3 per cent a year, indicating a calibrated approach taken by the Reserve Bank of India (RBI) in managing the exchange rate.

1 min

Different party, but same Dibrugarh seat for Sonowal

Union Minister Sarabananda Sonowal last represented the Dibrugarh Lok Sabha constituency from 2004 to 2009, winning the elections on a Asom Gana Parishad ticket.

1 min

Phase 2: 33% in the fray are crorepatis

According to the analysis by Association for Democratic Reforms (ADR) of the self-sworn affidavits of 1,192 (of a total 1,198) candidates contesting in the second phase of the Lok Sabha polls, 250, or 21 per cent, have declared criminal cases against themselves.

1 min

BJP's 2024 approach: Political merit over cachet

From the Bharatiya Janata Party's (BJP's) perspective, in the past, the marquee seats that commanded the party's time, energy, and resources were those contested by its cherished leaders Lucknow (Atal Bihari Vajpayee), Gandhinagar (LKAdvani), Vidisha (Sushma Swaraj), Varanasi (Narendra Modi), and Gorakhpur (Yogi Adityanath).

3 mins

GST scores big for sports goods makers; pharma feels the pain

On the outskirts of Meerut thrives the sports goods manufacturing hub where work is in full swing.

1 min

Indebted to Constitution: PM counters Oppn claims

Rahul says key issue of LS polls is RSS-BJP's intent to change Constitution

2 mins

29 Naxals killed in Bastar encounter, 3 jawans hurt

At least 29 Naxalites Border Security Force (BSF) and the state police's District Reserve Guard (DRG) was out on an anti-Naxal operation, Inspector General of Police A were killed in an of ty personnel in Chhattisgarh's Kanker district on Tuesday, police officials said.

1 min

Paytm denies deferral of nod or fine on payments services arm

Financial technology giant Paytm refuted media reports on Tuesday claiming that the company had not received any communication regarding the deferral of its subsidiary Paytm Payment Services' (PPSL's) licence application and any associated penalties.

1 min

US won't hesitate to slap new sanctions on Iran, says Yellen

US Treasury Secretary Janet Yellen warned that her department is prepared to use its economic tools against Iran in response to its recent attack on Israel.

1 min

Microsoft invests $1.5 bn in UAE's G42

Microsoft is investing $1.5 billion in United Arab Emirates (UAE)-based artificial intelligence firm G42, giving the US giant a minority stake and a board seat, allowing the two to deepen ties amid the global battle for tech dominance.

1 min

China grows 5.3% in March qtr but doubts remain over sustainability

Economists say more stimulus needed

1 min

Tesla's global job cuts include leading markets US, China

Tesla's global job cuts include reducing staff in the US and China, the automakers' two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said.

1 min

Take a call: Analysts dial into Vi FPO

Cash-strapped Vodafone Idea's (Vi) 18,000 crore follow on public offering (FPO) is scheduled to open for subscription on April 18.

3 mins

Smallcaps break free from grip of West Asia flare-up

Defy the odds, with Nifty Smallcap 100 gaining 0.75%

2 mins

Oil & gas: Investors must brace for negative impact in Q1 FY25

Escalation of the conflict in West Asia between Israel and Iran has had a direct impact on the energy markets, and more broadly on the financial markets as well as the global economy.

2 mins

RBI, Sebi plan panel to weigh derivatives risk

Top financial regulators will form a committee to assess stability risks emerging from a surge in derivatives markets and suggest policy changes if required, two sources familiar with the matter said.

1 min

Jio Fin shares rally after broking foray

Jio Financial Services' plan to step into wealth management and stock broking business, in partnership with global asset manager BlackRock, got a thumbs up from investors, with its stock rallying as much as 5 per cent on Tuesday.

1 min

Invest in silver gradually or on pullbacks after rally

Opt for a silver ETF or a FoF having low expense ratio and tracking error

2 mins

SFB stocks on upswing, rally likely to continue

Analysts see growth potential and advise investors to retain their holdings

3 mins

STATES: A TRILLION DREAMS

Four states want to become 1 trillion economies. Is this realistic, or are they chasing a chimera?

6 mins

Separate rules for civilian and defence use of drones on cards

Different sets of regulations will soon govern the use of drones by civilians and security personnel, Vumlunmang Vualnam, secretary, Ministry of Civil Aviation, said at a conference in New Delhi on Tuesday.

2 mins

PORTING REQUESTS AT 8-MONTH LOW

There was a slowdown in Indians switching service providers towards the end of the year, as the top two telecom operators consolidated their positions.

1 min

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