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-
Covid-19: Free vaccines, food to cost India an additional $11 billion
India will need to spend an additional Rs 80,000 crore ($11 billion) to provide free vaccines and food to millions of people devastated by the deadly coronavirus wave, people with knowledge of the matter said. -
RBI sets rules for loan e-aggregators
The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI has also clarified guidelines on loss default guarantees that can be provided by fintechs to lenders on personal loans they distribute. -
LVB-DBS deal: HC asks RBI to relook at valuation
The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgamation in Nov 2020. RBI has been asked to take a fresh decision on reduction of the value of shares and writing off the tier-2 bonds, based on the fresh valuation, within four months. -
RBI provides road map for SFBs' move to universal banks
RBI has outlined the eligibility criteria for small finance banks (SFBs) to become a universal bank. This transition will enable them to provide loans to larger businesses and offer the full range of financial services and banking products. -
Keimed merges with Apollo Health Co; Combined enterprise value is Rs 22,481 crore
In a significant merger in the healthcare sector, wholesale pharma distribution company Keimed has merged with Apollo Health Co Limited (AHL), a subsidiary of Apollo Hospitals Enterprise Limited (AHEL). This takes the combined enterprise value of the two entities to Rs 22,481 crore. While Keimed is owned by the Apollo promoter's family, omni-channel healthcare platform AHL will leverage on the former's vast network. -
US calls India among most challenging on IPR safety
The US Trade Representative has called India among the most challenging major economies on enforcement and protection of intellectual property rights (IPR) and retained it on Priority Watch along with China, Indonesia, Russia, Chile, and Venezuela. “These countries will be the subject of particularly intense bilateral engagement during the coming year,” USTR said in a report. -
Maruti profit zooms to 3,878 crore, highest ever in a quarter
Maruti Suzuki on Friday reported its highest quarterly net profit as growing share of SUVs fueled its sales while ease in commodity prices helped margins. Consolidated net profit in Jan-March (Q4 of FY24) soared 48% to Rs 3,878 crore when compared with Rs 2,624 crore in the same period a year ago, the company said. -
TOI bags 6 awards for campaigns at INMA 2024
The Times of India has won big at International News Media Association (INMA) 2024, bagging six awards for its campaigns which blended ideas with creativity to spread awareness about issues affecting peoples’ daily lives, such as traffic safety and alternatives to single-use plastic. The INMA competition, which evaluates news media companies across two segments of national brands and regional brands, attracted 771 entries from 245 news media brands in 43 countries. -
Essel Homes, Primcomm face insolvency proceedings
The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency resolution proceedings against Essel Homes and Primcomm Media Distribution Ventures after Gnex Realtech defaulted on repayment of loans of nearly Rs 261 crore to Indiabulls Housing Finance. Essel Homes and Primcomm were the co-borrowers, and NCLT has appointed Ravi Prakash Ganti as the interim resolution professional (IRP). -
India’s first: Japanese Sharp looks to set up display fab unit
India is headed to bag investments for the country’s first display fab semiconductor unit – used for making televisions and other digital screens – with Japanese Sharp approaching the Central govt for setting up a 1,000-acres facility that will be used to cater not just to the domestic demand but also exports. -
Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes
The lessors of 54 aircraft to grounded-since-last May GoAir finally got relief on several counts from the Delhi high court on Friday which directed the Directorate General of Civil Aviation (DGCA) to de-register these planes within a maximum of five working days. The revival of GoAir under IBC is now an even tougher task as the lessors are learnt to be wooed by both Tata’s Air India and cash-rich IndiGo to get around 15 of the Airbus A320 family planes which could fairly quickly be made ai -
Elon Musk Gets Richer Than Mark Zuckerberg As Meta CEO Suffers $18 Billion Loss
Earlier this month, the two billionaires switched positions when it was reported that Tesla’s car sales had declined in the three months through March. -
India's Forex Reserves Dip By $2.83 Billion To $640.3 Billion
Market analysts attribute the decline in foreign currency assets to the RBI actively releasing dollars in the market to curb the volatility in the rupee. -
How to Stop Your Car When Brakes Fail? Check Safety Tips
If you are facing a sudden brake failure, staying calm is the first step that will help you save your life. -
RBI restrictions on Kotak Mahindra Bank: What it means for customer, banking and credit card services - FAQs answered
RBI's restrictions on Kotak Mahindra Bank impact new customer onboarding and credit card issuance, with uncertainties for existing customers. The ban's duration depends on an external audit and corrective measures satisfaction, potentially lasting six to twelve months. -
Make In India Hyundai Creta EV Coming Soon, Production Likely To Start In December 2024: Reports
The Creta Electric is expected to inherit design elements from the recently launched Creta facelift. -
Kia Sells 4 Lakh Sonet In Last 4 Years: Report
Reports suggest that 37% of customers have shown a preference for the 1.5-litre diesel engine. -
Macho Sporto Introduces Bollywood Youth Icon Sidharth Malhotra As Its New Brand Ambassador With A New Campaign
Keeping up with the current Cricket fever in the country, the brand's latest TVC featuring the Bollywood actor is a charming take on a woman's gaze, continuing their efforts to legitimise the female gaze. -
Read The Inspiring Journey Of Rohini Nilekani Who Mastered The Balancing Act Of Motherhood And Career
Two decades ago, Rohini Nilekani embarked on her philanthropic journey by providing financial support for young girls. -
Google parent Alphabet announces its first-ever dividend
Google's parent company Alphabet announced its inaugural dividend and a $70 billion stock repurchase, resulting in the stock price soaring by almost 16% after the market closed. The dividend amount per share will be 20 cents. Alphabet is returning capital while spending billions of dollars on data centres to compete with rivals on generative artificial intelligence (AI). -
Mahindra XUV 3XO Teaser: Performance, Mileage, And Other Features Revealed
According to the recent teaser, Mahindra XUV 3XO will offer a 6-speed torque converter automatic gearbox for the diesel engine, replacing the previous 6-speed AMT.
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‘Ahmedabad to Amsterdam, Surat to Seoul, Patna to Paris; nonstops all over globe from India: IndiGo says after wide body order
India’s largest airline by domestic market share (at over 60%), IndiGo flew over 10 crore passengers last year and it currently operates 350 aircraft. It has over 1,000 single aisle A320 family planes still on order to be delivered till mid 2030s. With an order for up to 100 A350s, it will have its own wide bodies operating to far flung corners of the planet from India starting 2027. -
Bank holidays in April 2024: Are banks open on Saturday, April 27, 2024?
In April 2024, bank holidays impact operations with closures on specific Saturdays. ATMs and online services remain available. India's banks follow a distinctive schedule, open on select Saturdays and closed on national festivals. -
Spiderman Couple's Reel Lands On Delhi Police's Insta, What Happened Next...
A challan of Rs 21,000 was issued by the traffic police after a 'Spiderman Couple' Instagram Reel went viral. -
Did You Get Any Message From MS Dhoni Asking For Money? Check DoT's Warning
DoT has alerted people regarding an ongoing scam where scamsters pose as Mahendra Singh Dhoni to extract money from people on social media. -
Blinkit Now More Valuable Than Zomato’s Core Food Business: Report
Since Zomato acquired Blinkit for 568 million dollars in 2022, the hyper-local delivery company's implied valuation has surged to 13 billion dollars for its improved performance -
PAN, Aadhaar not linked? Penalty deadline for TDS deductors extended - here’s what it means
Individuals whose PAN became inoperative due to non-linkage faced higher tax deduction at source (TDS) or tax collection at source rates. For example, the TDS on house rent allowance for individuals with inoperative PANs increased to 20%. -
IndiGo Airlines Orders 30 Airbus A350-900 Aircraft For Long Haul Flights
Indigo is expected to receive the deliveries of 30 Airbus A350-900 widebody aircraft by 2027.
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RBI Orders TalkCharge to Refund Customers' PPI Wallet Balance, Cautions Public Against PPI Issued By Unauthorised Entities
Gurugram-based company TalkCharge has been asked by RBI to stop issuance and operation of its PPI or Wallets and refund the balances held in the wallets by May 17, 2024. -
Success Story: Who Are Billionaire Siblings Firoz And Zahan Mistry? Know Their Tata Relation And Massive Net Worth
Firoz And Zahan Mistry, the sons of late Cyrus Mistry have a cumulative net worth of over Rs 81,000 crore ($9.8 billion).
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