CATEGORIES

NFRA looks to enhance communication between auditors & audit panels

The National Financial Reporting Authority (NFRA) on Friday released the first part of the Auditor-Audit Committee Interaction Series to enhance communication between auditors and audit committees of companies and improve audit quality.

GLOBAL ECONOMY STRUGGLES AS THE WEB GOES DARK

India ranked sixth in terms of economic losses caused by government-imposed internet shutdowns in 2024, according to a recently released report.

Projects worth ₹50,000 cr mooted for robust inland waterways

Investment projects worth ₹50,000 crore were proposed on Friday at a meeting of the Inland Waterways Development Council in Assam for developing river and waterways across the country in the next five years.

Centre releases ₹1.73 trn to states as tax devolution

The Centre on Friday released tax devolution of ₹1.73 trillion to state governments against the devolution of ₹89,086 crore in December 2024.

Mining fatalities drop, but safety remains elusive

Risky Bet Mining related accidents in mine rich states

IIP Growth Hits 6-Month High in Nov on Low Base

Growth in India's Index of Industrial Production (IIP) surged to a six-month high of 5.2 per cent in November 2024 from 3.7 per cent in the previous month, aided by a low base, data released by the National Statistics Office (NSO) on Friday showed.

GST Notices Worth ₹1.12 Trillion on Online Gaming Cos Stayed

SC Mandates Consolidation of All Such Cases by Next Hearing on March 18

JSW Paints plans to invest ₹1,000 cr in 3-5 yrs: CEO

JSW Paints is open to exploring inorganic growth opportunities including participating in the current process being run by Akzo Nobel.

Medtech industry expects more medical devices to be reclassified

Industry experts expect that the Central Drugs Standard Control Organisation (CDSCO) look at reclassifying more medical devices on the basis of their risk approach under the Medical Device Rules (MDR), 2017.

90-hr work week: Work-life balance not optional, say industry leaders

As the 90-hour work week debate rages, industry leaders Harsh Mariwala, Harsh Goenka and Rajiv Bajaj have weighed in, saying work-life balance is not optional but is essential, and working hard to succeed is not about the hours clocked in.

Neuberg Diagnostics raises ₹940 cr from Kotak fund

Largest primary fundraise in Indian diagnostics sector may involve 15% stake sale

Delhi airport to shut T2 from April for renovation

Delhi airport's Terminal 2 (T2) will be shut from April onwards for about four to six months as its operator Delhi International Airport Limited (DIAL) will be refurbishing it.

Vodafone exits Indus Towers, raises ₹3K cr

British telecom giant Vodafone Plc has completed its exit from mobile tower infrastructure company Indus Towers, liquidating its remaining 3 per cent stake in the company for ₹2,800 crore, it informed the London Stock Exchange on Friday.

DPIIT officials meet AIFs to promote startup funding

Ahead of the Union Budget, the Department for Promotion of Industry and Internal Trade (DPIIT) officials on Friday met alternate investment funds (AIFs) to discuss ways to promote funding for startups in the country.

Motorcycle diaries: Hero Splendor reigns supreme, siblings lose ground

Hero MotoCorp's Splendor continues its reign as India's best-selling motorcycle for six consecutive years now.

Vedanta Secures $300 Mn in Loans to Refinance Debt

Vedanta Resources—the parent firm of Mumbai-based mining conglomerate Vedanta Ltd—on Friday said it has secured $300 million in loans from a clutch of leading global banks such as Barclays and First Abu Dhabi Bank for refinancing its 2024 and 2026 bonds.

Unlisted firms adding capacity at faster clip than listed peers

The concluding part of the series looks at the financials of unlisted firms and examines capex trends

India Needs AI Factories to Target Accelerated Computing: Nvidia MD

Chip-making giant Nvidia, which recently surpassed Apple to become the highest-valued company in the world, has called for the setting up of AI (artificial intelligence) factories in the country to take the next leap in AI revolution.

Budget May Raise KCC Credit Limit to ₹5 Lakh

The central government is likely to increase the borrowing limit under the Kisan Credit Card (KCC) scheme from ₹3 lakh to ₹5 lakh in the upcoming Union Budget for FY26, to be presented on February 1, according to a source familiar with the matter.

Registration Process for FPIs Investing Only in G-Secs to Get Easier

Move will do away with need to furnish specific data sought earlier

Bankers ask RBI for durable liquidity as deficit mounts

Amid funds in the money market drying up, bankers in a meeting with the Reserve Bank of India (RBI) this week asked for liquidity to be made durable.

Infosys countersues Cognizant, its CEO in battle over misuse of information

Information Technology (IT) major Infosys escalated the legal tussle with Cognizant by filing a countersuit in a US court, accusing the Nasdaq-listed firm and its Chief Executive Officer (CEO) Ravi Kumar of anticompetitive practices by maintaining its monopoly.

TCS Q3 Net Profit Jumps 12%, Misses Estimates

IT behemoth's revenue swells 5.6%; North America remains a drag

Cope with volatility, benefit from rate cuts

Volatility in the capital markets continues to pose a challenge to equity investors.

Weak 02C biz may drag earnings for RIL again

Company's Ebitda may remain flat or decline marginally, say analysts

Arpu gains, dividend likely to be triggers for Bharti Airtel

The telecom industry may be moving into a new phase.

Adani Group to Raise ₹7,148 Cr From Stake Sale in Wilmar JV

The Adani group will raise ₹7,148 crore from sale of up to 20 per cent stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business.

₹ ends flat after intraday low of 85.94 against $

The rupee on Thursday slipped to 85.94 against the dollar intraday, a fresh low, before recovering some losses to close the day at 85.86, flat compared to Wednesday's closing.

Sensex, Nifty decline amid FPI selling, Q3 earnings concerns

Indian equity benchmarks declined on Thursday as heavy foreign portfolio investor (FPI) selling and concerns over the December quarter earnings continued to dent sentiment.

MFs Cap Strong 2024 With Robust Dec

Equity mutual funds (MF) capped a strong 2024 with near-fresh-high inflows in December.