In this issue

May 25, 2024

Brokerages bullish on ITC's long-term growth

Despite a subdued performance in the March quarter (Q4FY24), brokerages remain optimistic about the long-term growth prospects of ITC.

2 mins

InterGlobe Aviation hit an air pocket in Q4

The civil aviation market has become more or less a duopoly with leader Indigo InterGlobe Aviation-reporting strong Ebitda growth of 45 per cent yearon-year (Y-o-Y) to ₹3,980 crore in the January-March quarter (Q4) of FY24, with PAT rising more than two times to 1,890 crore.

2 mins

Vishares jump 7.5% on UBS upgrade

A'likely' relief on the government dues front for Vodafone Idea (VIL) and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report.

1 min

Come June 24, Adani Ports to replace Wipro in Sensex

Nifty ends flat after Adani Ports and Special Economic Zone (SEZ) hitting 23,000 mark will replace Wipro in the benchmark 30-share Sensex, index tracker Asia Index said in a notification on Friday.

1 min

GQG, Qatar Investment and IHC make hefty gains on Adani bets

The resurgence in Adani group stocks over the past year has resulted in substantial gains for their investors, including US-based GQG Partners, the Qatar Investment Authority, and Abu Dhabi's International Holding Company.

2 mins

Size matters when it comes to MF voting patterns

Asset managers are speaking up more than before

2 mins

Chennai on front foot ahead of IPL final

Hotel, flight bookings have increased by 15%

1 min

A naturalist's discovery of India

This exploration of India's wild heritage by author, academic and naturalist Stephen Alter is not a journey through the country's few remaining wild areas.

4 mins

INDIAN SPICES IN GLOBAL PICKLE

There are many regulators in the sector, but none regulates the entire supply chain from farm to market. Is the matter falling between stools?

3 mins

Global minimum tax deal on multinationals may fail

US, India, China have reservations over the terms of the deal: Italy economy minister

1 min

SpaceX plans to offer shares at $200 bn valuation

Elon Musk's SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly $200 billion, according to people familiar with the matter.

1 min

No sign of attack on Raisi's copter: Iran military

The helicopter carrying Iran's late President Ebrahim Raisi caught fire soon after it crashed into a mountain and there was no sign it was attacked, state media reported, citing the military's crash investigators.

1 min

Top UN court orders Israel to halt assault on Rafah

The top United Nations court ordered Israel on Friday to immediately halt its military operations in the southern Gaza city of Rafah. While Israel is unlikely to comply with any such order, it will ratchet up the pressure on the increasingly isolated country.

1 min

Stage set in Delhi as 58 seats go to polls in Phase VI

Anantnag, Puri, Sultanpur in focus; all 7 seats in Delhi, 10 in Haryana to vote

2 mins

Eastern India's largest auto cluster seeks to emerge from Tata shadow

On the banks of Kharkai river, Adityapur, once boasting India's largest industrial area, now finds itself wrestling with the Herculean task of emerging from the towering shadow of the Tata group.

2 mins

'Agnipath' for Jhajjar village: A legacy of service, a future in flux

Honouring 149 men who served under the British army during World War I, a humble plaque on an unassuming white wall in Jhajjar's Gochhi village stands as a testament to its deep-rooted military heritage.

2 mins

Musical chairs, gen-next politicians look to shake up Punjab's poll fray

Chamkaur Singh, a farmer in Jalandhar, while harvesting wheat, notices a sapling of an out-of-place mango tree on one side of the field.

3 mins

Royal scion faces a 'filmy' challenge in Gurgaon seat

Union minister Rao Inderjit Singh, who has represented the Gurgaon Lok Sabha seat since 2009, has challengers in Congress candidate Raj Babbar and Jannayak Janta Party's (JJP) Rahul Yadav, a singer-rapper popularly known by his village name 'Fazilpuria'.

1 min

SC won't order EC to publish booth-wise voter turnout data

Says 'hands-off approach' needed during polls

3 mins

99.96% would pay no inheritance tax if bar set at 10 cr

World Inequality Lab says levying wealth tax of 2% on those with over 10 cr would generate 2.7% of GDP as tax revenues

2 mins

ECB registrations increase 2x in FY24

Touch $49.2 bn from $26.6 bn in FY23

1 min

Govt considers easier regulations for CPSES' entry into 'Ratna' club

Ratna status allows CPSEs to conduct biz without hassle

2 mins

WHEAT PROCUREMENT TOPS LAST YEAR'S

Madhya Pradesh sees big dip, buys only 33% of FY24 figure so far

1 min

Growth momentum to stay in Q1FY25 after strong FY24 showing

Flags rise in commodity prices due to geopolitical tensions RUCHIKA CHITRAVANSHI New Delhi, 24 May W ith strong growth surpassing market expectations in FY24, early indications suggest a continuation of the economic momentum in the first quarter of FY25, the monthly economic review for April 2024 by the Ministry of Finance said on Friday.

1 min

DoT identifies properties of BSNL, MTNL for 'outright sale'

The Department of Telecommunications (DOT) has identified surplus land parcels and buildings across India belonging to Bharat Sanchar Nigam Limited (BSNL) and those of Mahanagar Telephone Nigam Limited (MTNL) in Delhi and Mumbai for outright sale to government departments, public sector undertakings, and government organisations.

1 min

Biocon signs licensing, supply deal for obesity drug in S Korea

Bengaluru-based Biocon has announced an exclusive licensing and supply agreement with Handok to commercialise the South Korean company's obesity drug Synthetic Liraglutide in that country.

1 min

NCLAT defers hearing on Google's Play Store billing policy to July 5

Insolvency appellate tribunal NCLAT on Friday deferred hearing to July 5 on the petitions filed against tech giant Google over its Play Store billing policy.

1 min

Tata Power seeks up to $1 bn loan

Power generation firm Tata Power Co is planning to raise as much as $1 billion-equivalent for clean energy projects, in what could be the country's largest local currency loan this year.

1 min

Software woes hit AI Express as flight cancellations resume

Air India Express has been facing challenges in stabilising its operations this month.

1 min

NCLAT upholds Suraksha's bid to acquire Jaypee

The National Company Law Appellate Tribunal (NCLAT) on Friday upheld Suraksha Realty's bid to acquire debt-ridden Jaypee Infratech but asked it to pay an additional around ₹1,300 crore as farmers' compensation.

1 min

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