Business
Artificial Intelligence Driving Force In Modern Markets, Says CCI Chief
NEW DELHI: Artificial intelligence is a driving force in modern markets that also has the potential to enable collusion, including algorithmic discrimination under the garb of dynamic pricing, Competition Commission of India (CCI) chief Ravneet Kaur said on Sunday. She also emphasised the need to adopt a forward-looking approach...
Bombay HC Discharges Gautam Adani, Rajesh Adani In Case Of Market Regulations ‘Violation’
MUMBAI: The High Court on Monday discharged Adani Group Chairman Gautam Adani and Managing Director Rajesh Adani from a case of alleged violations of market regulations involving nearly Rs 388 crore. The Serious Fraud Investigation Office (SFIO) in 2012 initiated the case against the Adani Enterprises Limited (AEL) and...
Direct Tax Rises 13 Per Cent To Rs 21.26 Lakh Crore
NEW DELHI: Net direct tax collection grew 13.13 per cent to over Rs 21.26 Lakh Crore so far this fiscal aided by by higher advance tax mop up, government data showed on Monday. During the year, the government collected Rs 10.44 Lakh Crore from four instalments of advance tax...
Debt Funds See Net Outflow
NEW DELHI: Debt-oriented mutual funds witnessed an outflow of `6,525 Crore in February, a sharp reversal from the strong inflow of `1.28 Lakh Crore in the preceding month, chiefly due to redemptions in short-duration funds. Notably, 10 of 16 debt mutual fund categories reported net outflow during the month,...
Sensex Bounces Back After Five Days On Gains In Banking Shares, Global Rally
MUMBAI: Benchmark BSE Sensex rebounded by 341 points on Monday, snapping its five-day losing streak following buying in banking stocks and a sharp rally in global shares. The 30-share BSE Sensex climbed 341.04 points or 0.46 per cent to settle at 74,169.95 as 19 of its constituents ended in...
TRAI May Restrict Starlink To Mobile Dark Regions
NEW DELHI: With Bharti Airtel and Reliance Jio forming strategic partnerships with Starlink, the Telecom Regulatory Authority of India (TRAI) is now expected to expedite its recommendations on satellite spectrum pricing. Sources said that the regulator will likely recommend that satellite companies initially focus on providing services in mobile...
Insurance Bill To Allow 100% FDI May Be Deferred To Monsoon Session
NEW DELHI: The much-awaited Insurance (Amendment) Bill to allow 100% foreign direct investment (FDI) in the sector and usher in composite licensing will likely be taken up in the monsoon session of Parliament instead of the ongoing budget session, sources told FE. “Consultation process is not yet complete. So,...
House Panel Raps Ministries For Non-Payment Of Dues To FCI
NEW DELHI: A parliamentary panel has raised concerns about the substantial unpaid dues of various government departments to the Food Corporation of India (FCI) to run assorted social welfare schemes. According to the standing committee on consumer affairs, ministries including rural development and external affairs had dues payable to...
India, China Outperform Global Trade In 2024, Trade Resilience Stressed In 2025: UNCTAD
NEW DELHI: China and India outperformed global trade averages in 2024, UN Trade and Development (UNCTAD) said in its Global Trade Update Friday. It said that trends like the widening deficits of the US and EU with China along with India’s rising deficit with Russia amid shifting energy trade...
India Inc Happy To Give You A Second Innings
BENGALURU: Second career or comeback programmes – designed to help professionals, primarily women, re-enter the workforce after a career break – are paying off for companies, but there’s still a long way to go, say experts. Companies that have adopted returnship programmes are seeing the benefits: access to a...
Indian Refiners Turn To Latin America, Africa To Replace Russian Oil In February, Data Shows
NEW DELHI: India’s crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions, data from trade sources shows. The South Asian nation became the biggest buyer of Russian seaborne...
Dividend Receipts From CPSEs Exceed Revised Estimates, Surge To All-Time High Of Nearly ₹66,000 Crore
NEW DELHI: Dividend from Central Public Sector Enterprises (CPSEs) has exceeded revised estimates for current fiscal i.e., 2024-25 (FY25) has reached all time high as it exceeded the revised estimates by over ₹10,000 crore. This figure does not include dividend from public sector banks and public sector financial institutions....
Govt Plans To Add 6.5 GW Thermal, 2.2 GW Nuclear Capacity In FY26
NEW DELHI: The government aims to add 6.5 gigawatts (GW) of thermal capacity in FY26, along with 2.2 GW of nuclear capacity and 3.9 GW of hydro capacity, according to the latest report by the Lok Sabha’s Standing Committee. According to the committee’s findings, as of January 31, only...
Power Ministry Seeks To Extend Distribution Scheme By Two Years To FY28
NEW DELHI: The ministry of power has sought an extension of the deadline for the Revamped Distribution Sector Scheme (RDSS) by two years through FY28 in order to complete the envisaged targets, according to a report by the Lok Sabha’s Standing Committee. The scheme aims to improve the operational...
India Launches First Exploration Licence Auction For Minerals
PANAJI: Union Coal and Mines Minister G Kishan Reddy on Thursday launched nation’s first-ever auction of Exploration Licences (ELs) for 13 exploration blocks for critical minerals. Reddy launched the ELs in the presence of Goa Chief Minister Pramod Sawant in Dona Paula near here, a major reform aimed to...
Food Prices Cool February Inflation To 3.61%; IIP Rises To 8-Month High In January
NEW DELHI: A sharp deceleration in food price rise helped moderate India’s retail inflation to a seven-month low of 3.61 per cent in February, triggering hopes of another repo rate cut as this would be the final official price gauge print before the Monetary Policy Committee (MPC) of the...
Bank’s Asset Quality To Deteriorate Moderately In FY26 And FY27: Moody’s
MUMBAI: Global Rating agency Moody’s on Wednesday said the asset quality of Indian banks may deteriorate moderately up to 3.0 per cent in the next 12-18 months after substantial improvements. But the rating agency kept the outlook for the banking system “stable”. The system-wide non-performing loan (NPL) dropped to...
IRDAI Has Taken A Few Bold Steps; It Has To Sprint Now
CHENNAI: The three-year stint of Insurance Regulatory and Development Authority of India (Irdai) chief Debasish Panda saw a healthy tilt towards consumer protection. Panda’s tenure is scheduled to end on Thursday. His big moves — capping premium hikes for senior citizen health policies at 10%, increasing surrender value for...
