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MUMBAI: The USD 8.5 billion merger between Reliance and Disney helped the overall deal activity in the March quarter of 2024 reach a nearly two-year high, a report said on Tuesday. The overall number of transactions, including mergers and acquisitions and private equity investments, inched up to 427 from...
MUMBAI: Headline profit growth is expected to be muted in the March quarter earnings season as good performances from automobile manufacturers, banks, and pharmaceuticals will be offset by modest numbers from the metals & mining pack. A weak discretionary spends environment, together with the spillover of furloughs from the...
NEW DELHI: The Reserve Bank of India (RBI) would rather “ensure the descent of (consumer price inflation) to the target of 4%” and prolong the monetary pivot towards lowering rates. The wait for a looser policy could become even longer, with supply-side information causing fresh worries about food prices....
MUMBAI: Indian lenders must play a larger role in global derivatives and work to ensure that smaller retail players do not pay more for access to foreign exchange products, central bank governor Shaktikanta Das said Wednesday, underscoring the need for local banks to reflect the country’s rising economic status...
NEW DELHI: The average yearly compensation of chief executive officers (CEOs) in India stands at Rs 13.8 crore, up 40 per cent as compared to the pre-Covid-19 year of 2020 when it was Rs 9.8 crore, a survey released on Monday showed. It added that in the last four...
NEW DELHI: India’s bid for self-sufficiency in critical minerals is facing another setback because the government has delayed the selection process for preferred bidders by three months for the first round of critical mineral blocks. This decision comes shortly after the government in March scrapped the auction process for...
NEW DELHI: The number of telecom subscribers in India increased 0.38 per cent to 119.7 crore in February 2024 as compared to the previous month, according to a TRAI report published on Monday. The urban telephone subscription increased to 66.37 crore while rural subscription increased to 53.13 crore with...
NEW DELHI: Coffee shipments from India rose 13.35 per cent to 1,25,631 tonnes during January-March period of this year on higher demand for Robusta coffee, according to the official data. The country had exported 1,10,830 tonnes of coffee in the same period in 2023. India, Asia’s third-largest producer and...
NEW DELHI: State-owned power giant NTPC on Monday said it is eying 5 GW power generation capacity addition in financial year 2024-25. NTPC aims to add 3 gigawatt (GW) of renewable energy (RE) capacity, exemplifying its steadfast dedication to environmental stewardship, a company statement said. Simultaneously, the power major...
MUMBAI: The overall assets under management through the co-lending model is nearing Rs 1 lakh crore in the last five years, a domestic rating agency said on Monday. However, regulatory curbs on unsecured lending are expected to result in a decrease in the share of personal loans — the...
MUMBAI: The Reserve Bank of India (RBI) on Monday imposed several restrictions on Maharashtra-based Shirpur Merchants’ Co-operative Bank, including withdrawal of funds by customers, in the wake of the lender’s deteriorating financial position. In a statement, the RBI said from the close of business on Monday, the bank will...
NEW DELHI: To create a more investor-friendly climate, the government has decided to revisit its approach to bilateral investment treaties (BITs). The move is triggered by the fact that the BIT text adopted by India after comprehensive review in 2016 has found few takers among key trading partners. According...
NEW DELHI: The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed...
KHAVDA/AHMEDABAD (GUJARAT): Adani Group will invest about Rs 2.3 trillion through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India’s largest renewable energy...
MUMBAI: In the past few years, global industrial majors have busied themselves with the revamp of their business structures. Amidst these amalgamations and demergers, many of these are also navigating Indian regulatory requirements and shareholder concerns along the way. Linde Plc, Siemens, and GE are three such entities that...
NEW DELHI: The Prime Minister’s Office (PMO) has asked the commerce ministry to examine the model text of the bilateral investment treaty (BIT) and suggest modifications to further improve the ease of doing business, according to sources. The exercise assumes significance as only seven countries have accepted the existing...
NEW DELHI: Insurance regulator IRDAI has expressed some reservations over Hinduja Group firm IndusInd International Holdings’ (IIHL) resolution plan for debt-ridden Reliance Capital, which is also in the insurance business, including non-life, sources said. Insurance Regulatory and Development Authority of India (IRDAI) in a recent communication to Nageshwara Rao...
NEW DELHI: To facilitate ease of doing business, Sebi has proposed that certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through a merchant banker. Also, the proposed move would rationalise the cost of compliance for alternative investment...