Deposit rush among Indian banks to raise competition for funds
New Delhi, March 5 - Surging credit has caused the loan-to-deposit ratios (LDRs) to climb at Indian banks, raising concerns that the trailing deposit growth and competition for funds would hit margins, according to S&P Global Market Intelligence data and analysis.
Publishers seek customs duty waiver as newsprint cost shoots up
New Delhi, March 5 - Indian Newspaper Society (INS) has urged the government to waive the 5 per cent customs duty on newsprint as publishers have come under a financial strain due to the escalation in costs.
Not just startups, Big Tech firms also opposed to fair-share demand from telcos: COAI
New Delhi, March 5 - Not just home-grown startups, large traffic generators (LTGs) like Google have also opposed the proposal for a fair-share contribution for additional costs borne by telecom service providers (TSPs), industry body Cellular Operators Association of India (COAI) said on
Jeff Bezos overtakes Elon Musk as world’s richest person
New Delhi, March 5 - Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per the Bloomberg Billionaires Index.
IIFL Finance shares at lower circuit of 20 pc after RBI order on gold loans
New Delhi, March 5 -The RBI in its order dated March 4 has directed IIFL Finance to stop sanctioning or disbursing gold loans, with immediate effect including ban on any assignment/securitization/down-selling transactions.
Tata Motors stock up 204 pc in last 36 months
New Delhi, March 5 - On the back of a strong performance across its key business segments, Tata Motors stock has significantly outperformed key indices with 204 per cent return in the last 36 months versus 50 per cent return in the Nifty,
India’s coal production surges by 11.83 pc in Feb
New Delhi, March 5 - The country’s coal production increased by 11.83 per cent in February to 96.60 million tonnes compared to the corresponding figure of 86.38 MT in the same month last year, according data released by the Coal Ministry on Tuesday.
Google and Meta have strong political bias: Musk
New Delhi, March 5 - Referring to a post claiming Google interference in the US elections, Tesla and SpaceX CEO, Elon Musk on Tuesday said that "Google and Meta's Facebook and Instagram have strong political bias."
High valuations of market can constrain further rally, say analysts
New Delhi, March 5 - While the market is steady, the small cap index is showing some strain with a cut of 0.5 per cent on Monday, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
India a sweet spot for Dutch firms to invest in semiconductors: Report
New Delhi, March 5 - As India embarks on its semiconductor journey, it is offering immense opportunities for Dutch companies to invest and examine chances for collaborative R&D efforts between the two nations, a new report said on Tuesday.
L&T Technology Services, Intel to power smart cities with edge-AI
New Delhi, March 5 - L&T Technology Services Ltd on Tuesday announced a collaboration with chip-maker Intel to develop and provide scalable edge-AI solutions.
Govt expects Rs 41,000 crore investment as 12th round of city gas distribution network bidding ends
New Delhi, March 4 - Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday handed over letters of intent to successful bidders of 12th City Gas Distribution (CGD) bidding round, under which 8 Geographical Areas across 103 districts were offered for
Ahead of Jaishankar’s visit, S. Korean envoy lauds bilateral economic ties
New Delhi, March 4 - South Korean Ambassador Chang Jae-bok on Monday appreciated the deepening and expanding economic relations between India and Korea -- a day ahead of External Affairs Minister S. Jaishankar's visit to the Asian nation beginning Tuesday.
FM Sitharaman urges top GST officials to leverage technology for plugging loopholes in system
New Delhi, March 4 - Finance Minister Nirmala Sitharaman on Monday exhorted the enforcement chiefs of the state and the Central GST formations to leverage technology for plugging loopholes in the system, as well for providing better taxpayer services.
EU slaps $2 billion anti-trust fine on Apple following Spotify’s complaint
London, March 4 - The European Union on Monday fined Apple 1.84 billion euros (about $2 billion) for allegedly abusing its dominant position in the market for the distribution of music streaming apps to iPhone and iPad users via its App Store.
Five key projects of GMDA worth Rs 194.18 crore approved
Gurugram, March 4 - Five key projects of the Gurugram Metropolitan Development Authority (GMDA) worth Rs 194.18 crore were approved in the High-Powered Works Purchase Committee meeting chaired by Haryana Chief Minister Manohar Lal Khattar on Monday.
RBI bars IIFL Finance from sanctioning or disbursing gold loans
Mumbai, March 4 - The Reserve Bank of India (RBI) on Monday directed IIFL Finance Ltd. to stop sanctioning or disbursing gold loans or assigning/securitizing/selling any of its gold loans with immediate effect.
Govt cuts warehouse charges to help farmers
New Delhi, March 4 - Union Consumer Affairs, Food & Public Distribution Minister Piyush Goyal on Monday said that the agriculture sector will be the foundational pillar spearheading the nation towards becoming 'Viksit Bharat' by 2047.
Ola’s S1 Pro electric scooter gets PLI certification to boost green mobility
Bengaluru, March 4 - Ola Electric's S1 Pro electric scooter has received the domestic value addition (DVA) certification under the production-linked incentive (PLI) scheme for the automobile and auto component industry, the Centre said on Monday.
China’s reversion to its ‘old’ growth model being witnessed in recent years
New Delhi, March 4 - China’s re-opening rebound was one of the biggest market bets gone wrong in 2023, with the housing market (60 per sent of household assets) seeing the worst downturn in the country's history, dragging down growth and consumption, Emkay