Business
Apple to Debut iMac Refresh at the End of the Month, New iPad Models to Arrive in March 2024: Gurman
Apple is yet to refresh its 2021 24-inch iMac, with the company widely speculated to be working on the follow-up. Industry analyst Ming-Chi Kuo had said last week that he expected the Cupertino, California-based company to unveil a new 24-inch iMac next year. A new report, however, contradicts Kuo...
IPOs Of Small And Medium Enterprises Raise Rs 3,540 Crore In 2023 So Far
NEW DELHI: The Small and medium enterprises (SME) IPOs have been performing exceptionally well in the share market. The reasons are the strong participation from High Net Worth Individuals (HNIs), liquidity in the market and the positive outlook of the investors. As per the data provided by PrimeDatabase.com, various...
A Year After Rollout, Private 5G Struggles To Find Takers
NEW DELHI: India’s 5G rollout speed may be one of the fastest in the world in just a year of launch. But where the country is falling behind is in the adoption of private captive networks by its enterprises. India lags behind the US, Japan, Germany, UK and China, ...
Private Banks Tighten Vigilance On Small Unsecured Loans
MUMBAI: Small loans may turn out to be a big worry for banks. Some lenders are seeing stress rise in small-ticket unsecured personal loans as borrowers with low incomes find it hard to repay dues. RBI has flagged concerns over an increase in unsecured loans. While Yes Bank and...
Early Birds Report Strong Q2 Growth
MUMBAI: The initial trend in the second quarter results season is along anticipated lines with double-digit growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters. For a sample of...
MNCs May Face Rs 11,000 Crore Retro Tax Demand After SC Ruling
NEW DELHI: Several multinational companies headquartered in the Netherlands, Switzerland and France could be staring at retrospective tax demands for close to ₹11,000 crore on dividend income repatriated from India, following a Supreme Court ruling last week. The Supreme Court said on Thursday that the lower 5% withholding tax...
Food Stock-Holding, E-Commerce Tax On Wto Meet Agenda
NEW DELHI: Senior officials from the World Trade Organisation (WTO) member countries are meeting in Geneva from Monday to lay the groundwork for the next ministerial conference of the global trade regulating body which will involve reviewing the status of progress on the decisions of the previous ministerial conference...
Rupee Trade Worth $2.5-Billion Since July 2022 RBI Move
NEW DELHI: India has settled international trade worth over $2.5 billion in rupee after the Reserve Bank of India (RBI) facilitated this in July last year, according to a senior official. Much of the trade settlement in rupee has been with Russia, Sri Lanka and three-four other countries, he...
FPIs Pull Out Rs 12,000 Crore From Equities So Far In October; Invest Rs 5,700 Crore
NEW DELHI: Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity...
Online Gaming Companies, Brands Target Offline Streaming In India
Last weekend, more than 20,000 Mumbai residents gathered at the Sardar Vallabhbhai Patel stadium over three days to attend an event, which was so popular that the police had to erect barricades to prevent more fans from getting in. This wasn’t a concert featuring Bollywood stars or a stand-up...
Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT
NEW DELHI: The Chinese yuan has surpassed the euro to become the world’s second-most used currency in SWIFT trade settlements, according to data from the international SWIFT system. This marks a significant milestone in China’s efforts to internationalise its currency. As of September 2023, the yuan accounted for 5.8%...
Retail Leasing In India Increased By 46% YoY In January-September To 4.73 Million Sq ft: Report
NEW DELHI: CBRE South Asia, the real estate consulting firm, recently announced the findings of its latest report, ‘India Market Monitor Q3 2023’. The report highlighted the growth trends and dynamics across the real estate sector in India. In terms of cities, Bangalore, Delhi-NCR, and Pune collectively accounted for...
JSW Steel Q2 Net Profit At Rs 2,773 Crore On Lower Cost, Better Realisation
MUMBAI: Lower costs and better realisation helped the Sajjan Jindal-led JSW Steel post a net profit of Rs 2,773 crore in the September quarter, against a net loss of Rs 915 crore registered in the same period last year. Income increased 7 per cent to Rs 44,821 crore (Rs...
Looking To Cut Debt Burden: FM
NEW DELHI: Finance minister Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations. In her inaugural speech at the...
Interest Rates Will Stay High For Now: RBI Governor
NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das said interest rates will stay high, without offering any indication of when softening could start. Monetary policy must remain “actively disinflationary” to ensure the decline in retail inflation in recent months continues smoothly, Das said. “Interest rates will remain...
RBI Cautious On Future Price Shocks, May Hold Repo Steady
KOLKATA: The Reserve Bank of India (RBI) is likely to hold repo rates steady for a long period as easing of core inflation and high real interest rates provide comfort, but frequent volatility in food prices – albeit transient – requires monetary policy makers to be vigilant, according to...
India Pushes Back Against Russia’s Demands To Pay For Oil Imports In Yuan
India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and another...
India Says Procurement Helped In Food Security
NEW DELHI: Slamming the US, the European Union, Japan, Australia and Brazil, which are seeking to limit spending on procurement of rice and wheat by agencies such as FCI, India has asked them to shed their “arrogance” and agree to reforming the global trade regime, as its public procurement...
