'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:

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).

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.

Cement execs forecast stable prices, lower fuel costs

Some hint at moderate demand growth in FY25

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.

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.

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.

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.

Share in total up 2.5x in 4 yrs

SHARE OF PE FUNDS INVESTMENT IN INDIA

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

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.

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.

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.

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

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.

FIU-India to lift ban on Binance soon

Director bats for self-regulatory mechanism

Blackstone in race for majority pie in Omega Healthcare

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

Select a smart-beta fund based on your risk tolerance

Aggressive investors may choose momentum-hased factor funds

Defence sector a $138 bn opportunity: Nomura

Brokerage says sector sees robust growth; initiates coverage on HAL, BEL

L&T on analysts' hotlist despite guidance worries

The company has cut its margin guidance due to higher share of fixed-price contracts, supply-chain issues, and geopolitical uncertainties

Working on AI to provide quality research'

Share.Market, PhonePe's stockbroking platform, is launching an \"Intelligence Layer on Stocks\", a factor-based analysis of each stock, a first of its kind in the discount broking industry, says UJJWAL JAIN, chief executive officer, Share. Market. In a video interview with Peerzada Abrar, Jain says factor-based analysis streamlines stock research for investors. Edited excerpts

Amfi rule book for curbing misconduct in a month

The Association of Mutual Funds in India (Amfi) will formulate a standard operating procedure (SOP) for asset management companies (AMCs) to prevent misconduct like frontrunning and insider trading.

Firms finding innovative ways to rotate independent directors

Following the end of the grandfathering period given to India Inc to replace their independent directors who had already served for 10 years, certain companies have come up with unique ways to replace the old guard.

Nifty can slip over 1,100 points if it stays below 21,970 level

REX CANO & PUNEET WADHWA Mumbai/New Delhi, 9 May The NSE Nifty 50 has slipped 3.7 per cent, or 837 points, in the past five trading sessions, after registering a fresh all-time high at 22,794.70 on Friday.

In a first, SIP inflows top ₹20K cr in a month in April

Investors opened 6.4 mn SIP accounts last month

Malayalam cinema gets a new home outside Kerala

Chidambaram's Manjummel Boys is a gripping watch.

VIX VAPOUR RISING

Election-related anxiety catches up with the markets; volatility index shoots up days after a record low

'Draft infra norms good for industry'

After the financial fraud in November 2023, the public-sector UCO Bank is revamping its information technology (IT) infrastructure with an investment to the tune of 1,000 crore, Managing Director and Chief Executive Officer ASHWANI KUMAR of the state-owned lender tells Harsh Kumar in a telephonic interview.

Xi's balancing act China tests EU cohesion on Ukraine and trade

Trade and Ukraine were on top of the agenda during Chinese President Xi Jinping's first visit to Europe in five years, but reaching a closer understanding on either issue appeared elusive.

Risk provisioning

The stability of the banking system should be paramount