India offered sugarcane sop vastly in excess of WTO limits: US and Australia
Tuesday, May 7,2024,19:59
The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was "vastly in excess of the limits set out" at 10% of value of food production in the case of India and other developing countries. .. read more..
ET Explains: Of onion economics & politics, peeling the many layers
Tuesday, May 7,2024,19:24
India lifted its ban on onion exports after five months due to concerns about farmers' dissatisfaction, potentially impacting voting in seven Lok Sabha seats in Maharashtra. The government's decision to lift the ban was prompted by concerns about farmers' dissatisfaction with the high demand for Indian onions in the international market. The new export policy, announced on May 4, has changed the policy from "prohibited" to "free" with a minimum export price of $550 per tonne, with a duty of 40% levied. .. read more..
Diesel, petrol export revenues dip 20% to $33 bn in 2023-24
Tuesday, May 7,2024,19:16
India's exports of diesel and petrol fell by a fifth year-on-year to $33 billion in 2023-24 due to declining international prices. Diesel generated the largest share of export revenues for Indian refiners, accounting for $22 billion of the $48 billion earned by exports of refined fuels. The war in Ukraine and Western sanctions on Russia caused fuel prices to rise, boosting export earnings for Indian refiners. .. read more..
Government exploring options to roll out labour codes
Tuesday, May 7,2024,18:59
The ministry of labour and employment is considering several options including a gradual repeal of the old labour laws to ensure there is no legal void in states that are yet to draft rules. Besides, the ministry is holding talks with states that are behind in publishing rules, urging them to expedite their compliance. .. read more..
MCA mulls faster transfer of old unclaimed shares to beneficiaries
Tuesday, May 7,2024,18:56
The corporate affairs ministry is considering a faster method for transferring shares, dividends, and matured debentures in inactive accounts that have not been claimed for over seven years. The ministry plans to allow companies to settle claims after following due processes and obtaining IEPFA approval. The authority will transfer unclaimed papers to companies for refunds within 15 days. .. read more..
Share of consumer spend on health, transport, eduction up by record 26.9%
Tuesday, May 7,2024,18:50
India's private consumption patterns have seen a shift in the last fiscal year, with transport, health, and education contributing to 26.9% of total expenditure. This is the highest level since the new series in FY12. Vehicle purchases reached an 11-year high in FY23, with transport accounting for 17.3% of private consumption. Services have been accounting for a larger share of consumption as the country moves to higher per capita income. .. read more..
Google contends its app store doesn't abuse dominance
Tuesday, May 7,2024,18:29
Google defended its Google Play Store at the National Company Law Appellate Tribunal, asserting it didn't engage in anti-competitive behavior or misuse its dominance. The counsel for Alphabet Inc argued the store provided users and developers with options and played a vital role without qualifying as a gatekeeper under Indian regulations. .. read more..
Pine Labs-Owned Setu Launches Large Language Model Application For BFSI Sector
Tuesday, May 7,2024,18:29
An LLM is a type of AI program that are trained on huge data sets and can recognise and generate texts. .. read more..
US Says Israel And Hamas Can Resolve Differences Over Cease-Fire
Tuesday, May 7,2024,18:28
The Biden administration said Israel and Hamas should be able to resolve their differences over a proposed cease-fire, contradicting top Israeli officials who said the two remain far apart. .. read more..
Kerala Businessman With Political Ties Arrested For Rs 500 Crore Fraud
Tuesday, May 7,2024,18:27
According to police, the accused -- N M Raju, wife Grace and sons Alan George and Anson George -- duped investors, mostly from abroad, by taking money through their various financial firms. .. read more..
India Expresses Concerns Over 'Khalistani Float' In Canada, Condemns Glorific...
Tuesday, May 7,2024,18:26
India also accused Canada of allowing 'celebration and glorification' of violence, expressing concerns over the security of Indian diplomats in that country, and said it expects Ottawa to ensure that they are able to carry out their responsibilities without fear. .. read more..
Annual Membership Fee For Insolvency Professionals Reduced
Tuesday, May 7,2024,17:59
The juristic insolvency professionals are the IPE firms which are enrolled as insolvency professionals. .. read more..
Patanjali case: SC expresses displeasure over misleading advertisements conti...
Tuesday, May 7,2024,17:48
The court criticised the State Licensing Authority for not taking proactive measures to ensure compliance with the suspension orders, stressing that the onus is on them to enforce the suspension effectively. .. read more..
LS Polls 2024 Phase 3: 60.97% voter turnout so far, Assam records highest
Tuesday, May 7,2024,17:41
Voting percentages for other States participating in the third phase of the Lok Sabha polls as per latest data are- Bihar --56.55 per cent, Chhattisgarh--66.94 per cent, Goa -- 74.00 per cent, Gujarat--56.21 per cent, Karnataka--66.80 per cent, Madhya Pradesh--62.79 per cent, Uttar Pradesh--57.04 per cent and West Bengal--73.93 per cent. .. read more..
Hyderabad weather update: Rain, thunderstorm throws normal life out of gear i...
Tuesday, May 7,2024,17:40
Chief Minister A Revanth Reddy, who reviewed the situation from Warangal where he was campaigning for the Lok Sabha polls, directed officials to take steps to drain out the water on the roads and to resume electricity supply. .. read more..
TikTok Sues US Government To Block Divest-Or-Ban Law
Tuesday, May 7,2024,17:36
TikTok sued the US government over a new law that will force its Chinese parent company ByteDance Ltd. to divest the popular video app or face a ban across the country. .. read more..
BSP Shakeup: Mayawati Sacks Nephew Akash Anand As Party Co-Ordinator
Tuesday, May 7,2024,17:34
The surprise decision came on the day voting was held for the third phase of the Lok Sabha polls in the country. .. read more..
Apple Needs To Move The iPad Beyond The Toddler Stage
Tuesday, May 7,2024,17:33
The world’s second-most-valuable company, which is introducing new models on Tuesday, should remove its artificial constraints and create a genuinely portable computer. .. read more..
The Kotak Mahindra Bank controversy | Explained
Tuesday, May 7,2024,17:33
What are the restrictions imposed by the Reserve Bank of India on the bank? Has the apex banking regulator carried out similar actions in the past? What do global agencies say about the issue? How has the CEO of Kotak Mahindra Bank responded? .. read more..
TBO Tek IPO: Travel company garners ₹696.5 crore from anchor investors ahead...
Tuesday, May 7,2024,17:32
According to the company's filing to the exchanges, it has allocated 75,70,807 equity shares to 61 anchor investors at a price of ₹920 per equity share. .. read more..
TBO Tek IPO: Travel company garners ?696.5 crore from anchor investors ahead...
Tuesday, May 7,2024,17:32
According to the company's filing to the exchanges, it has allocated 75,70,807 equity shares to 61 anchor investors at a price of ?920 per equity share. .. read more..
Justice Surya Kant Highlights India's Early Focus On Victims' Rights
Tuesday, May 7,2024,17:32
India was among the countries which demonstrated the earliest response in discussing the victims' rights vis-a-vis the rights of the accused, Supreme Court judge Justice Surya Kant said on Tuesday. .. read more..
SEBI Penalizes Arun Panchariya In Winsome Yarns GDR Manipulation
Tuesday, May 7,2024,17:31
SEBI on Tuesday slapped a penalty of Rs 15 crore on Arun Panchariya for alleged fraudulent activities related to the issuance of Global Depository Receipts (GDR) by Winsome Yarns Ltd. .. read more..
Government Calls Meeting With E-Commerce Players To Address Fake Online Revie...
Tuesday, May 7,2024,17:31
The consumer affairs ministry has proposed that all organisations managing and publishing online consumer reviews shall conform to the essential requirements. .. read more..
Haryana BJP Government In Turmoil After 3 Independent MLAs Withdraw Support
Tuesday, May 7,2024,17:31
The government which has the support of two other Independents is now two short of the majority mark in the 90-member House which has a current strength of 88. .. read more..
Oil extends losses after easing supply concerns counter Middle East risk prem...
Tuesday, May 7,2024,17:27
Last week, Brent and WTI had their steepest weekly losses in three months as weak US jobs data fueled hopes for interest rate cuts by the US Federal Reserve .. read more..
Disney reports small loss but sees improvement in streaming
Tuesday, May 7,2024,17:10
Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss. The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resorts. .. read more..
ET Market Watch: Sensex and Nifty slip amid Lok Sabha voting, high VIX
Tuesday, May 7,2024,16:58
.. read more..
Aadhar Housing Finance IPO: Blackstone-backed IPO mobilises ₹898 crore from ...
Tuesday, May 7,2024,16:52
Aadhar Housing Finance IPO: Blackstone-backed IPO mobilises ₹898 crore from anchor investors ahead of subscription .. read more..
Aadhar Housing Finance IPO: Blackstone-backed IPO mobilises ?898 crore from ...
Tuesday, May 7,2024,16:52
Aadhar Housing Finance IPO will open for the three-day subscription on Wednesday, May 8 and close on Friday, May 10, 2024. .. read more..
United Breweries Q4 Profit Soars 5-Fold To Rs 80.15 Crore
Tuesday, May 7,2024,16:46
Revenue from operations rose 17% to Rs 4,788.68 crore in the last quarter of FY24. .. read more..
Robust Government Spending And Business Confidence To Drive Economic Growth I...
Tuesday, May 7,2024,16:46
Chief Economic Adviser in the Ministry of Rural Development Kuntal Sensarma said that the focus areas in 2024-25 should be infrastructure growth, inclusive development and harnessing demographic dividend, among others. .. read more..
Incred Alternatives Raises Rs 330 Crore In Maiden Private Equity Fund
Tuesday, May 7,2024,16:46
Investors who have committed include high networth individuals, it added. .. read more..
India, EU Pledge To Enhance Indo-Pacific Cooperation
Tuesday, May 7,2024,16:46
The two sides explored ways to boost cooperation in the Indo-Pacific region at a security and defence dialogue in Delhi on Monday. .. read more..
Aadhar Housing Finance raises nearly Rs 900 cr from anchor investors
Tuesday, May 7,2024,16:45
The IPO comprises a combination of a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter BCP Topco. At the upper end of the price band, the valuation exceeds Rs 13,000 crore. .. read more..
Chickpea imports unlikely to ease prices, yellow peas seen as substitute
Tuesday, May 7,2024,16:38
Limited availability of chickpeas in the world market could force India to import of yellow peas, which are available in abundance, say officials .. read more..
Net profit falls 25% to Rs 422 crore
Tuesday, May 7,2024,16:29
Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement. .. read more..
SRF Q4 Results: Net profit falls 25% to Rs 422 crore
Tuesday, May 7,2024,16:29
Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement. .. read more..
Technical Breakout Stocks: How to trade Godrej Consumer Products, CG Power an...
Tuesday, May 7,2024,16:20
Sectorally, buying was seen in FMCG, IT and technology stocks while selling was visible in public sector, utilities and realty stocks. .. read more..
Ahead of Market: 10 things that will decide D-Street action on Wednesday
Tuesday, May 7,2024,16:18
Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels. .. read more..
TBO Tek Mops Up Rs 696 Crore From Anchor Book Issue Ahead Of IPO
Tuesday, May 7,2024,16:18
The major investors in TBO Tek anchor round include Abu Dhabi Investment Authority, Norges Bank, Nomura Funds Ireland and Neuberger Berman. .. read more..
Aadhar Housing Finance Raises Rs 898 Crore From Anchor Investors Ahead Of IPO
Tuesday, May 7,2024,16:18
11 domestic mutual funds applied through a total of 28 schemes, the company said in an exchange filing. .. read more..
Pidilite Industries' Q4 Results: Profit rises 6% to Rs 301 crore on lower costs
Tuesday, May 7,2024,16:08
India's Pidilite Industries , which makes Fevicol adhesives and Dr. Fixit waterproofing products, posted a 6.2% jump in fourth-quarter profit on Tuesday, driven by lower input costs. .. read more..
US stock markets: Walt Disney shares tumble over 9% after quarterly results
Tuesday, May 7,2024,16:06
At 11:48 a.m. EDT, the Walt Disney stock was at $104.90, lower 9.93 per cent .. read more..
United Breweries Q4 Results: Beverage maker posts 5-fold jump in net profit t...
Tuesday, May 7,2024,16:04
United Breweries Ltd on Tuesday reported a more than five-fold jump in net profit to Rs 80.15 crore for the January-March period of 2023-24 compared to the year-ago period. The beverages maker had reported a net profit of Rs 13.05 crore for the April-March quarter of 2022-23, according to an exchange filing. .. read more..
Hero MotoCorp Q4 Results Preview: Net profit to grow by one-fifth, margin may...
Tuesday, May 7,2024,16:01
Hero MotoCorp Q4 FY24 Results Preview: Hero MotoCorp, whose popular models include Splendor Plus, HF Deluxe, Passion Plus and Pleasure Plus, is estimated to register a 20 per cent year-on-year increase in quarterly net profit, according to Zee Business research. Hero MotoCorp is scheduled to report its financial results on Wednesday, May 8. .. read more..
These 4 FMCG stocks hit a 52-week high and rallied up to 12% in a month
Tuesday, May 7,2024,15:53
The significance of reaching a 52-week high lies in its portrayal of a stock's peak value over the preceding year .. read more..
India's Kajaria Ceramics posts surprise Q4 profit drop on higher costs
Tuesday, May 7,2024,15:50
India's Kajaria Ceramics reported a surprise drop in fourth-quarter profit on Tuesday, hurt by increased costs and weak demand. .. read more..
Russian Crude Flows Top 2023 Levels With Refineries Constrained
Tuesday, May 7,2024,15:46
More crude diverted to export shipments as processing rates fall .. read more..
NASA To Monitor Air Quality In Hindu Kush Himalayas With Partner
Tuesday, May 7,2024,15:40
Participants will learn to assimilate satellite data into air quality forecasting models, providing up to 48-hour forecasts for South Asia. .. read more..