MENU 
NEW DELHI: Minority shareholders are expected to benefit from the demerger of ITC’s hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG major, as per reports of four proxy advisory firms. The reports from proxy advisory...
NEW DELHI: LIC chairman Siddhartha Mohanty has said that the insurer would enter into the health insurance segment and can explore inorganic options if such an opportunity arises. There are expectations that composite licences may be permitted by amending the Insurance Act. As per the Insurance Act, 1938, and...
NEW DELHI: A significant percentage of employers in India are taking active measures to promote diversity and gender parity through progressive policies, upskilling, and flexibility and have realigned their hiring strategies by mandating women hiring at every level across sectors, says a report. According to New research conducted by...
NEW DELHI: In an escalation of the ongoing dispute, SpiceJet on Tuesday said the claims made by KAL Airways and Kalanithi Maran for more than Rs 1,323 crore in damages are baseless and legally untenable. On Monday, KAL Airways and Kalanithi Maran said they will seek more than Rs...
NEW DELHI: KAL Airways and Kalanithi Maran on Monday said they will seek more than Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh as well as challenge the recent Delhi High Court order in the ongoing dispute between the two sides. On May 17, a...
NEW DELHI: A groundbreaking technology promises to enhance the incomes of millions of rice farmers using Direct Seeded Rice (DSR), while significantly reducing labor costs and greenhouse gas emissions by about 25 per cent. This innovation will also conserve water, promote sustainable agriculture, enhance yields, and support the Government...
CHENNAI: Automaker Hyundai Motor India Limited (HMIL) on Monday announced the inauguration of its fast electric-powered vehicles (EV) charging station here, and said this was first of the company’s target of installing 100 such facilities across Tamil Nadu. The 180 kW DC fast charging station, comprising of 150 kW...
MUMBAI: High Street Essentials, the makers of fashion brand Indya, on Monday announced a Rs 50-crore fundraise from JSW Group chairman Sajjan Jindal’s wife Sangita Jindal and other investors. Three fourths of the funding is equity infusion for a minority stake, while the rest is debt, Indya’s co-founder Shivani...
MUMBAI: The rupee pared its initial gains and settled for the day lower by 4 paise at 83.14 (provisional) against the US dollar on Monday, mirroring the benchmark indices that erased their gains and ended the day off their record-high levels. Forex traders said the rupee settled in a...
NEW DELHI: Goldman Sachs revised upwards its forecast for India’s gross domestic product (GDP) growth for calendar year 2024 (CY24) by 10 basis points (bps) to 6.7 per cent. It expects the Reserve Bank of India (RBI) to cut interest rates during the fourth quarter of the current calendar...
MUMBAI: Foreign portfolio investors (FPIs) are in a bind after a recent notification by the Reserve Bank of India (RBI) that aims to regularise the issuance of partly-paid units by alternative investment funds (AIFs). While the central bank’s move paves the way to issue these units, industry players fear...
NEW DELHI: Sustained fiscal deficit reduction, particularly if underpinned by durable revenue-raising reforms, would be positive for India’s sovereign ratings fundamentals over the medium term, Fitch Ratings said on Monday. The rating agency’s statement comes in the backdrop of the recent larger-than-expected Reserve Bank of India (RBI) dividend of...
MUMBAI: Four top European banks, which also play key custodian roles in the local sovereign debt trade, have sought the Reserve Bank of India’s (RBI) go-ahead for a third-party transaction model to break the impasse involving their home authorities and domestic policymakers over audit oversight rights. “There was a...
NEW DELHI: The regulator continues to be unrelenting in its drive to enforce audit quality. While the top five firms auditors came under its scrutiny last year, the National Financial Reporting Authority (NFRA) has decided to widen the ambit of its annual inspection this year. The Big Five, three...
NEW DELHI: With a sharp 62% decline in net foreign direct investment (FDI) to India in FY24 and a looming crisis in finding non-Budget funds to finance infrastructure projects, the Centre is preparing a multi-pronged action plan to attract long-term capital of an additional $50 billion per year from...
NEW DELHI: Jobless growth is a curse, and would dent growth itself. So, improving labour efficiency – and ensuring remunerative wages – are key to boosting the fortunes of the Indian economy, and bolstering the aggregate demand. Reforms of the labour market are bound to be a top priority...
State-owned lenders plan to approach the government seeking changes to terms governing performance bank guarantees (PBGs), timely compensation from concessioning authorities, and greater immunity for board members sanctioning funds for infrastructure projects as they firm up their response to Reserve Bank of India (RBI) draft rules on project financing...
Emerging markets such as India and Indonesia, whose populations are growing at a solid pace, stand to benefit as demographics begin to play a bigger role in investment decisions, according to Fidelity International and BlackRock Investment Institute. The investors are focusing on the two nations in emerging Asia, thanks...