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Birla kids to join board of group thinktank, fashion business
The next generation of Birlas is set for bigger responsibilities at the $60-billion Aditya Birla Group. Kumar Mangalam Birla’s older daughter Ananya Birla and son Aryaman Vikram Birla have been inducted as directors on the board of Aditya Birla Management Corporation (ABMCL), the apex body that provides strategic direction to the group’s businesses. The two have also been inducted on the board of Aditya Birla Fashion and Retail (ABFRL), a listed entity. -
Adani Group loses 29% market value in 3 days as carnage continues
The massive sell-off in Adani Group stocks continued for the third consecutive session on Monday, wiping out nearly Rs 1.4 lakh crore worth of investors’ wealth. In all, about 29% of the group’s market capitalisation, or about Rs 5.6 lakh crore, has been eroded in the last three trading sessions. -
Economic survey 2023 likely to peg 2023-24 growth at slowest in three years: Report
The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. This would be the slowest in three years. Nominal growth is likely to be forecast at 11% for 2023-24, the source added. -
Losses in Adani group shares: 'Valuation may be an issue, but no change in fundamentals'
Losses in Adani group shares: 'Valuation may be an issue, but no change in fundamentals' -
Delhi to Jaipur in 2 Hours: PM Modi to Inaugurate Sohna-Dausa Stretch of Mumbai Expressway on Feb 12
Prime Minister Narendra Modi will inaugurate the Sohna-Dausa stretch of the upcoming Delhi-Mumbai Expressway on February 4, 2023. -
Mahindra Scorpio-N Waiting Period Increases up to 2 Years; Check Variant Wise List
Mahindra Scorpio-N has been commanding a long waiting period since it was launched in India in June 2022 and continues to have a waiting period ranging between 1.7-2 years. -
Adani Stocks Fall Sharply; Adani Total Gas Tumbles Over 39% in 3 days
In three days, shares of ACC tanked 18.47 percent, Adani Enterprises fell 16.38 percent, Adani Wilmar dipped 14.25 percent, Adani Power (14.24 percent), and NDTV (14.22 percent). -
'India’s Economic Highway': Anand Mahindra Thanks Nitin Gadkari for Delhi-Mumbai Expressway
Anand Mahindra showed appreciation to Union Minister Nitin Gadkari for the construction of the Delhi-Mumbai Expressway and called it 'critical artery of India's Economic Highway'. -
PNB Q3 net profit falls 44% to Rs 629 crore weighed by higher provisions
Punjab National Bank (PNB) on Monday reported a 44 per cent decline in standalone net profit at Rs 629 crore in the third quarter ended December due to higher provisions for bad loans. The state-owned bank had earned a net profit of Rs 1,127 crore in the year-ago period. However, total income during October-December 2022 increased to Rs 25,722 crore as against Rs 22,026 crore in the year-ago period, PNB said in a regulatory filing. -
GAIL Shares Decline Over 4% After Q3 Earnings
Consolidated net profit of Rs 397.59 crore in October-December 2022 as compared with Rs 3,800.09 crore earnings in the same period a year back, according to the company's stock exchange filing. -
Adani Group's loss swells to $65 billion; Hindenburg responds to charges
Shares of Adani Group companies remained under pressure for the third straight session on Monday with majority of them witnessing a crash yet again. The deepening market rout has now led to losses worth $65 billion in the group's stock values, according to a Reuters report. -
Xiaomi global vice president quits company after 9 years
"Change is the only constant in life! Last 9 years, I’m lucky to have received so much love that it makes this goodbye so difficult. Thank you all. The end of a journey also marks the beginning of a new one, full of exciting opportunities. Hello to a new adventure!" Jain said in a tweet, which also had his full statement. -
India plans measures to curb Chinese imports as trade gap concerns mount: Sources
India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consumer and electronic goods, including from China, as trade imbalances concern policymakers, two government officials and an industry source said. -
Bharat Petroleum posts lower Q3 profit on stagnant retail prices
Indian oil marketing company (OMC) Bharat Petroleum Corp Ltd reported a 31% fall in quarterly profit on Monday, hurt by losses due to stagnant pump prices.The company's standalone net profit dropped to 19.60 billion rupees ($240.6 million) in the third quarter ended Dec. 31, from 28.28 billion rupees a year earlier. -
Plane Carrying Eknath Shinde, Devendra Fadnavis Returns to Mumbai Due to Bad Weather
CM Eknath Shinde and Deputy CM Devendra Fadnavis were headed to Jalgaon where Yogi Adityanath, the chief minister of Uttar Pradesh, was a key speaker. -
Andhra Pradesh CM Jagan Mohan Reddy's Flight Makes Emergency Landing at Gannavaram airport
A special flight carrying Andhra Pradesh CM Jagan Mohan Reddy makes an emergency landing at Gannavaram airport due to a technical fault shortly after take-off, reports ANI. -
Affordable housing demand down to 26% in 2022, sector expects boost from Budget
"The current tax rebate of Rs 2 lakh on housing loan interest under Section 24 of the Income Tax Act must be increased to at least Rs 5 lakh. This will add momentum to housing demand, particularly in the cost-sensitive affordable segment." -
Delhi to Jaipur in 2 Hours: PM Modi to Inaugurate Sohna-Dausa Stretch of Mumbai Expressway on Feb 4
Prime Minister Narendra Modi will inaugurate the Sohna-Dausa stretch of the upcoming Delhi-Mumbai Expressway on February 4, 2023. -
Bye-Bye Xiaomi! Manu Kumar Jain Quits Company After 9 Years- Read Details Here
Manu Jain quits Xiaomi. -
Government to Ban 9 Lakh 15 Year-Old Vehicles from Plying on Roads Starting April 1: Nitin Gadkari
The rule shall not apply to the special purpose vehicles (armoured and other specialised vehicles) used for operational purposes for the defence of the country and the maintenance of law and order. -
Budget session from Tuesday; President Murmu to address joint sitting of two Houses
The Budget session of Parliament begins on Tuesday with the maiden address of President Droupadi Murmu to the joint sitting of both Houses.While the government's priority will be to seek approval on the Motion of Thanks to the President's Address and the Finance Bill, the Opposition is raring to corner it on a range of issues, including the Adani-Hindenburg row, a nationwide caste-based economic census and the women's reservation bill. -
Mahindra XUV400 Electric SUV Bookings Cross 10,000 Units, Waiting Period Extends Upto 7 Months
The deliveries of the Mahindra XUV400 will begin in March 2023 for XUV400 EL and during the upcoming Diwali festive season for XUV400 EC. -
Big Breaking! Manu Kumar Jain Quits Xiaomi After 9 Years- Read Details Here
Manu Jain quits Xiaomi. -
Emirates Airline Successfully Test Flies Boeing 777 on Sustainable Aviation Fuel
The fuel powered one of the two General Electric Co. Engines on the Boeing 777 plane, with the other running on conventional jet fuel for safety. -
LIC to 'engage' with Adani after short seller's allegation
State-run Life Insurance Corporation (LIC), India's largest insurer, is reviewing Adani Group's response to scathing criticism by a U.S. short-seller and will hold talks with the group's management within days to seek clarifications. -
Abu Dhabi's IHC plans to invest $381 million in Adani Group
Abu Dhabi conglomerate International Holding Company (IHC) on Monday said it will invest 1.4 billion dirhams ($381.17 million) in Adani Enterprises' follow-on public offer, Reuters reported."Our interest in Adani Group is driven by our confidence and belief in the fundamentals of Adani Enterprises Ltd; we see a strong potential for growth from a long-term perspective and added value to our shareholders," IHC CEO Syed Basar Shueb said in a statement. -
10-yr Tax Holiday, Less Holding Period of ESOP Shares: Startups on Union Budget
"To lead the startups onwards and upwards, a single-window process to enable the right financial support from the government would be incentivising for MSMEs," he added. -
Aviation Explained: Why Singapore Airlines is Investing in Tata-Owned Air India?
Singapore Airlines announced that it will be converting its 49 per cent stake in Vistara into a 20 per cent stake in the new Air India Group, with the additional USD250 million used to acquire another 5 per cent. -
Toyota Hyryder CNG Launched in India Priced at Rs 13.23 Lakh, Bookings Open
Toyota Hyryder CNG, launched at a price of Rs 12.28 lakh (ex-showroom), is more expensive compared to the Maruti Suzuki Grand Vitara in India, which has a starting price of Rs 12.28 lakh (ex-showroom). -
Union Budget 2023: Education Sector is Expecting Tax Benefits for Digital Initiatives
According to a report released by the Union Education Ministry, the enrolment in distance higher education is 45.71 lakh (with 20.9 lakh females). -
Malaika Arora's Sister Amrita Buys Mercedes-AMG G63 SUV Worth Rs 2.44 Crore; Check Pics
Amrita Arora's Mercedes-AMG G63 dawns an Emerald Green colour and brings her to the list of G63 owners like Ranbir Kapoor, Hardik Pandya, Rohit Shetty, and others. -
IT Layoffs 2023: Philips Latest Firm to Join Sacking Spree, Company to Fire 6000 Employees
The job cuts announced on Monday are in addition to those outlined in October. -
Moneycontrol Pro Panorama | Getting the consumption engine to hum again
In today’s edition of Moneycontrol Pro Panorama: China’s aggression poses tactical challenge, fintech sector#39;s expectations from budget, startups are just like any other business, investors need not panic, and more -
Adani stocks fall sharply; Adani Transmission tumbles over 41% in 3 days
Since Tuesday's close last week, shares of Adani Transmission have tumbled 41.66 per cent, Adani Total Gas tanked 39.57 per cent, Adani Green Energy declined 37.55 per cent and Adani Ports fell 23.75 per cent on the BSE. -
New Hero Xoom 110 cc Scooter Launched in India, Prices Start at Rs 68,599
The new Hero Xoom 110 cc scooter has been launched in India in three variants, with pricing ranging between Rs 68,599 (ex-showroom) and Rs 76,699 (ex-showroom) for the top variant of the scooter. -
LIC reviewing Adani response to short seller's allegation
Shares of companies in the group, led by Asia's richest person Gautam Adani, have lost about $72 billion since Hindenburg Research flagged concerns early last week about the business house's debt levels and the use of tax havens. Adani says it complies with all local laws and has made the necessary regulatory disclosures. -
New Hero Xoom 110 cc Scooter Unveiled in India: Specs, Design, Features and More
The new Hero Xoom scooter will be launched later this year and comes loaded with features and multiple colour options for the consumers. -
What will hapen to 9 lakh govt vehicles, buses older than 15 years from April 1; Here#39;s what Nitin Gadkari said
Addressing an event organised by industry body FICCI, Gadkari said the government is taking many steps to facilitate the use of ethanol, methanol, bio-CNG, bio-LNG and electric vehicles. -
Malaika Arora's Sister Amrita Arora Buys Mercedes-AMG G63 SUV Worth Over Rs 2.44 Crore; Check Pics
Amrita Arora's Mercedes-AMG G63 dawns an Emerald Green colour and brings her to the list of G63 owners like Ranbir Kapoor, Hardik Pandya, Rohit Shetty, and others. -
Govt to use emergency law to maximise coal power output: Report
Power ministry officials will work with those involved in debt restructuring of financially stressed idle plants to make them functional, the sources said. -
Govt to invoke emergency law to force imported coal-based utilities to operate: Report
Power ministry officials will work with those involved in debt restructuring of financially stressed idle plants to make them functional, the sources said. -
Modi Govt Giving Loan of Rs 1 Lakh Under Mudra Scheme on Payment of Rs 1,750 as Loan Charges? Here's the Truth Behind it
PIB has tweeted that an approval letter that claims to grant a loan of Rs 1,00,000 under the PM Mudra Loan Yojna on payment of Rs 1,750 is FAKE. -
Air India to use software for reporting, status of in-flight incidents
Aiming to enhance safety management and for the status of in-flight incidents, Air India will use the Coruson software application. -
Developed world hasn#39;t acted on $100 billion/year climate finance pledge, multilateral financial bodies need to be transformed: Amitabh Kant
The former bureaucrat said multilateral financial institutions are not equipped to do the same, and there is a need to transform them. -
Air India to Use Software for Real-Time Reporting of Unruly Passengers on Flight
Air India said the new Software will weed out the requirement of paperwork to a large extent and ensure critical information is relayed to key personnel without delay. -
Edible oil makers get additional 6 months to remove packing temperature details
The legal metrology officers across the states have been directed to create awareness among the manufacturers, packers and importers of edible oils to pack the commodity without mentioning temperature and advise them to ensure that the quantity declared on the package is correct. -
Delhi-Ahmedabad Vistara Flight Diverted to Udaipur Due to Poor Visibility
The Vistara flight UK959 had to be diverted to Udaipur because of poor visibility and, consequently, will be delayed to reach its destination i.e., Ahmedabad Airport. -
HSBC expects Budget 2023 to choose macro stability over growth
High inflation and widening trade deficit that posed macroeconomic stability challenges last year will lessen in severity, but growth will taper off too, Bhandari said in an interview Monday with Bloomberg Television’s Rishaad Salamat. “It’s hard for the two to co-exist.� -
Philips scraps 6,000 jobs in drive to improve profitability
Half of the job cuts will be made this year, the company said, adding that the other half will be realised by 2025. -
RBI to hike repo rate by 25 bps in Feb, ending tightening cycle: Report
The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found.
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